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NPORT-EX 2 NPORT_64V2_56685214_0322.htm HTML

AB Variable Products Series Fund, Inc.

AB Global Risk Allocation-Moderate Portfolio

Portfolio of Investments

March 31, 2022 (unaudited)


Company	Shares		U.S. $ Value

COMMON STOCKS – 57.1%
Information Technology – 12.9%
Communications Equipment – 0.4%
Arista Networks, Inc.^(a)		2,352	$	326,881
Cisco Systems, Inc.		44,228		2,466,153
F5, Inc.^(a)		637		133,101
Juniper Networks, Inc.		3,410		126,716
Motorola Solutions, Inc.		1,771		428,936
Nokia Oyj		53,937		297,032
Telefonaktiebolaget LM Ericsson - Class B^(b)		29,199		266,165

				4,044,984


Electronic Equipment, Instruments & Components – 0.5%
Amphenol Corp. - Class A		6,281		473,273
Azbil Corp.		1,234		40,956
CDW Corp./DE		1,423		254,560
Corning, Inc.		7,833		289,116
Halma PLC		3,797		124,227
Hamamatsu Photonics KK		1,403		74,517
Hexagon AB		19,471		272,804
Hirose Electric Co., Ltd.		324		46,965
Ibiden Co., Ltd.		1,056		51,482
IPG Photonics Corp.^(a)		375		41,160
Keyence Corp.		1,946		902,365
Keysight Technologies, Inc.^(a)		1,919		303,144
Kyocera Corp.		3,211		179,686
Murata Manufacturing Co., Ltd.		5,746		378,505
Omron Corp.		1,856		123,514
Shimadzu Corp.		2,369		81,481
TDK Corp.		3,889		140,304
TE Connectivity Ltd.		3,414		447,166
Teledyne Technologies, Inc.^(a)		489		231,116
Trimble, Inc.^(a)		2,632		189,873
Venture Corp. Ltd.		2,770		35,697
Yaskawa Electric Corp.		2,401		93,579
Yokogawa Electric Corp.		2,284		38,916
Zebra Technologies Corp. - Class A^(a)		557		230,431

				5,044,837


IT Services – 2.0%
Accenture PLC - Class A		6,628		2,235,161
Adyen NV^{(a) (b) (c)}		198		392,177
Akamai Technologies, Inc.^(a)		1,704		203,441
Amadeus IT Group SA - Class A^(a)		4,506		292,971
Automatic Data Processing, Inc.		4,405		1,002,314
Bechtle AG		819		46,110
Broadridge Financial Solutions, Inc.		1,225		190,745
Capgemini SE		1,604		355,932
Cognizant Technology Solutions Corp. - Class A		5,508		493,902
Computershare Ltd.		5,435		99,890
DXC Technology Co.^(a)		2,564		83,663
Edenred		2,496		123,414
EPAM Systems, Inc.^(a)		595		176,483
Fidelity National Information Services, Inc.		6,386		641,282
Fiserv, Inc.^(a)		6,231		631,823


Company	Shares		U.S. $ Value

FleetCor Technologies, Inc.^(a)		851	$	211,950
Fujitsu Ltd.		1,967		294,707
Gartner, Inc.^(a)		862		256,411
Global Payments, Inc.		2,986		408,604
GMO Payment Gateway, Inc.		421		42,890
International Business Machines Corp.		9,404		1,222,708
Itochu Techno-Solutions Corp.^(b)		960		24,523
Jack Henry & Associates, Inc.		764		150,546
Mastercard, Inc. - Class A		9,051		3,234,646
NEC Corp.		2,456		103,178
Nexi SpA^{(a) (b) (c)}		5,242		60,491
Nomura Research Institute Ltd.		3,360		109,628
NTT Data Corp.		6,313		124,065
Obic Co., Ltd.		697		104,395
Otsuka Corp.		1,140		40,420
Paychex, Inc.		3,367		459,495
PayPal Holdings, Inc.^(a)		12,217		1,412,896
SCSK Corp.		1,563		26,728
TIS, Inc.		2,135		49,965
VeriSign, Inc.^(a)		1,013		225,352
Visa, Inc. - Class A		17,391		3,856,802
Wix.com Ltd.^(a)		569		59,438
Worldline SA/France^{(a) (c)}		2,384		103,466

				19,552,612


Semiconductors & Semiconductor Equipment – 3.0%
Advanced Micro Devices, Inc.^(a)		17,144		1,874,525
Advantest Corp.^(b)		1,996		155,835
Analog Devices, Inc.		5,509		909,977
Applied Materials, Inc.		9,312		1,227,322
ASM International NV^(b)		468		170,414
ASML Holding NV		4,134		2,762,427
Broadcom, Inc.		4,330		2,726,514
Disco Corp.		288		80,535
Enphase Energy, Inc.^(a)		1,405		283,501
Infineon Technologies AG		13,064		441,955
Intel Corp.		42,701		2,116,262
KLA Corp.		1,580		578,375
Lam Research Corp.		1,463		786,523
Lasertec Corp.^(b)		754		125,438
Microchip Technology, Inc.		5,830		438,066
Micron Technology, Inc.		11,743		914,662
Monolithic Power Systems, Inc.		454		220,499
NVIDIA Corp.		26,216		7,153,298
NXP Semiconductors NV		2,789		516,188
Qorvo, Inc.^(a)		1,137		141,102
QUALCOMM, Inc.		11,818		1,806,027
Renesas Electronics Corp.^(a)		12,610		146,112
Rohm Co., Ltd.		875		67,935
Skyworks Solutions, Inc.		1,720		229,242
SolarEdge Technologies, Inc.^(a)		551		177,626
STMicroelectronics NV		6,831		296,902
SUMCO Corp.		3,327		54,446
Teradyne, Inc.		1,709		202,055
Texas Instruments, Inc.		9,685		1,777,004
Tokyo Electron Ltd.		1,494		767,260

				29,148,027


Company	Shares		U.S. $ Value

Software – 3.9%
Adobe, Inc.^(a)		4,947	$	2,253,952
ANSYS, Inc.^(a)		915		290,650
Autodesk, Inc.^(a)		2,307		494,505
AVEVA Group PLC		1,206		38,520
Cadence Design Systems, Inc.^(a)		2,906		477,921
Ceridian HCM Holding, Inc.^(a)		1,435		98,097
Check Point Software Technologies Ltd.^(a)		1,062		146,832
Citrix Systems, Inc.		1,308		131,977
CyberArk Software Ltd.^(a)		397		66,994
Dassault Systemes SE		6,650		326,705
Fortinet, Inc.^(a)		1,423		486,296
Intuit, Inc.		2,969		1,427,614
Microsoft Corp.		78,614		24,237,482
Nemetschek SE		577		55,412
Nice Ltd.^(a)		631		138,016
NortonLifeLock, Inc.		6,102		161,825
Oracle Corp.		16,522		1,366,865
Oracle Corp., Japan		384		26,610
Paycom Software, Inc.^(a)		505		174,922
PTC, Inc.^(a)		1,104		118,923
Sage Group PLC (The)		10,234		93,771
salesforce.com, Inc.^(a)		10,329		2,193,053
SAP SE		10,446		1,157,710
ServiceNow, Inc.^(a)		2,097		1,167,798
Sinch AB^{(a) (b) (c)}		5,233		35,493
Synopsys, Inc.^(a)		1,609		536,231
Temenos AG		672		64,640
Trend Micro, Inc./Japan		1,337		78,078
Tyler Technologies, Inc.^(a)		430		191,303
WiseTech Global Ltd.		1,463		55,066
Xero Ltd.^(a)		1,339		101,480

				38,194,741


Technology Hardware, Storage & Peripherals – 3.1%
Apple, Inc.		162,573		28,386,871
Brother Industries Ltd.^(b)		2,360		42,918
Canon, Inc.^(b)		10,007		243,911
FUJIFILM Holdings Corp.		3,603		219,927
Hewlett Packard Enterprise Co.		13,564		226,654
HP, Inc.		11,354		412,150
Logitech International SA		1,731		128,669
NetApp, Inc.		2,331		193,473
Ricoh Co., Ltd.^(b)		6,706		58,072
Seagate Technology Holdings PLC		2,112		189,869
Seiko Epson Corp.^(b)		2,798		42,034
Western Digital Corp.^(a)		3,281		162,902

				30,307,450

				126,292,651


Company	Shares		U.S. $ Value

Health Care – 7.7%
Biotechnology – 0.9%
AbbVie, Inc.		18,539	$	3,005,357
Amgen, Inc.		5,907		1,428,431
Argenx SE^(a)		458		143,295
Biogen, Inc.^(a)		1,540		324,324
CSL Ltd.		4,789		956,088
Genmab A/S^(a)		657		237,278
Gilead Sciences, Inc.		13,154		782,005
Grifols SA^(b)		2,984		54,161
Incyte Corp.^(a)		1,973		156,696
Moderna, Inc.^(a)		3,699		637,190
Regeneron Pharmaceuticals, Inc.^(a)		1,119		781,532
Vertex Pharmaceuticals, Inc.^(a)		2,670		696,790

				9,203,147


Health Care Equipment & Supplies – 1.5%
Abbott Laboratories		18,543		2,194,750
ABIOMED, Inc.^(a)		477		158,002
Alcon, Inc.		4,998		395,971
Align Technology, Inc.^(a)		769		335,284
Ambu A/S		1,676		24,673
Asahi Intecc Co., Ltd.^(b)		2,173		42,392
Baxter International, Inc.		5,251		407,163
Becton Dickinson and Co.		2,986		794,276
BioMerieux		414		44,187
Boston Scientific Corp.^(a)		14,943		661,825
Carl Zeiss Meditec AG		402		64,753
Cochlear Ltd.^(b)		658		109,860
Coloplast A/S - Class B		1,188		179,909
Cooper Cos., Inc. (The)		517		215,894
Demant A/S^(a)		1,080		48,875
DENTSPLY SIRONA, Inc.		2,292		112,812
DexCom, Inc.^(a)		1,016		519,786
DiaSorin SpA		251		39,204
Edwards Lifesciences Corp.^(a)		6,547		770,713
Fisher & Paykel Healthcare Corp., Ltd.		5,772		96,855
Getinge AB - Class B		2,288		91,152
GN Store Nord AS		1,244		60,976
Hologic, Inc.^(a)		2,621		201,345
Hoya Corp.		3,698		421,416
IDEXX Laboratories, Inc.^(a)		889		486,336
Inmode Ltd.^(a)		496		18,307
Intuitive Surgical, Inc.^(a)		3,751		1,131,602
Koninklijke Philips NV		9,177		279,841
Medtronic PLC		14,100		1,564,395
Olympus Corp.		11,048		209,388
ResMed, Inc.		1,533		371,768
Sartorius AG (Preference Shares)		262		115,632
Siemens Healthineers AG^(c)		2,821		174,819
Smith & Nephew PLC		8,796		139,899
Sonova Holding AG		537		224,325
STERIS PLC		1,050		253,859
Straumann Holding AG		103		164,459
Stryker Corp.		3,521		941,339


Company	Shares		U.S. $ Value

Sysmex Corp.		1,676	$	121,389
Teleflex, Inc.		491		174,222
Terumo Corp.		6,458		195,409
Zimmer Biomet Holdings, Inc.		2,177		278,438

				14,837,500


Health Care Providers & Services – 1.3%
AmerisourceBergen Corp. - Class A		1,579		244,287
Amplifon SpA		1,245		55,409
Anthem, Inc.		2,545		1,250,155
Cardinal Health, Inc.		2,905		164,714
Centene Corp.^(a)		6,119		515,159
Cigna Corp.		3,387		811,559
CVS Health Corp.		13,764		1,393,054
DaVita, Inc.^(a)		646		73,069
Fresenius Medical Care AG & Co. KGaA		2,051		137,439
Fresenius SE & Co. KGaA		4,190		153,842
HCA Healthcare, Inc.		2,511		629,307
Henry Schein, Inc.^(a)		1,454		126,774
Humana, Inc.		1,348		586,609
Laboratory Corp. of America Holdings^(a)		976		257,332
McKesson Corp.		1,571		480,930
Medipal Holdings Corp.		1,834		30,177
Molina Healthcare, Inc.^(a)		612		204,157
Orpea SA		517		22,435
Quest Diagnostics, Inc.		1,248		170,801
Ramsay Health Care Ltd.		1,831		88,676
Ryman Healthcare Ltd.		4,251		27,515
Sonic Healthcare Ltd.		4,558		120,341
UnitedHealth Group, Inc.		9,877		5,036,974
Universal Health Services, Inc. - Class B		767		111,177

				12,691,892


Health Care Technology – 0.0%
Cerner Corp.		3,085		288,633
M3, Inc.^(b)		4,414		159,416

				448,049


Life Sciences Tools & Services – 0.9%
Agilent Technologies, Inc.		3,150		416,839
Bachem Holding AG		62		34,121
Bio-Rad Laboratories, Inc. - Class A^(a)		227		127,853
Bio-Techne Corp.		412		178,412
Charles River Laboratories International, Inc.^(a)		529		150,220
Danaher Corp.		6,673		1,957,391
Eurofins Scientific SE		1,344		132,952
Illumina, Inc.^(a)		1,639		572,667
IQVIA Holdings, Inc.^(a)		2,003		463,114
Lonza Group AG		744		539,105
Mettler-Toledo International, Inc.^(a)		241		330,939
PerkinElmer, Inc.		1,323		230,811
QIAGEN NV^(a)		2,309		113,302
Sartorius Stedim Biotech		276		112,998
Thermo Fisher Scientific, Inc.		4,132		2,440,566
Waters Corp.^(a)		640		198,650
West Pharmaceutical Services, Inc.		777		319,122

				8,319,062


Company	Shares		U.S. $ Value

Pharmaceuticals – 3.1%
Astellas Pharma, Inc.		18,625	$	291,013
AstraZeneca PLC		15,497		2,055,102
Bayer AG		9,828		672,226
Bristol-Myers Squibb Co.		22,858		1,669,320
Catalent, Inc.^(a)		1,878		208,270
Chugai Pharmaceutical Co., Ltd.		6,718		224,169
Daiichi Sankyo Co., Ltd.		17,530		382,802
Eisai Co., Ltd.^(b)		2,373		109,938
Eli Lilly & Co.		8,326		2,384,317
GlaxoSmithKline PLC		50,337		1,089,139
Hikma Pharmaceuticals PLC		1,736		46,834
Ipsen SA		377		47,191
Johnson & Johnson		27,607		4,892,789
Kyowa Kirin Co., Ltd.		2,701		62,836
Merck & Co., Inc.		26,488		2,173,340
Merck KGaA		1,292		269,814
Nippon Shinyaku Co., Ltd.		491		33,383
Novartis AG		21,918		1,924,214
Novo Nordisk A/S - Class B		16,845		1,868,381
Ono Pharmaceutical Co., Ltd.		3,699		92,717
Organon & Co.		2,659		92,879
Orion Oyj - Class B^(b)		1,062		48,233
Otsuka Holdings Co., Ltd.		3,906		134,944
Pfizer, Inc.		58,860		3,047,182
Recordati Industria Chimica e Farmaceutica SpA		1,046		52,446
Roche Holding AG		7,348		2,920,662
Sanofi		11,376		1,163,078
Santen Pharmaceutical Co., Ltd.		3,605		36,044
Shionogi & Co., Ltd.		2,649		162,763
Sumitomo Dainippon Pharma Co., Ltd.^(b)		1,791		17,670
Taisho Pharmaceutical Holdings Co., Ltd.		383		17,779
Takeda Pharmaceutical Co., Ltd.^(b)		15,828		450,975
Teva Pharmaceutical Industries Ltd. (Sponsored ADR)^(a)		11,034		103,609
UCB SA		1,264		151,170
Viatris, Inc.		12,682		137,980
Vifor Pharma AG^(a)		487		86,828
Zoetis, Inc.		4,961		935,595

				30,057,632

				75,557,282


Financials – 7.4%
Banks – 3.0%
ABN AMRO Bank NV (GDR)^{(b) (c)}		4,231		54,029
Australia & New Zealand Banking Group Ltd.		28,201		577,867
Banco Bilbao Vizcaya Argentaria SA^(b)		66,704		380,875
Banco Santander SA		173,473		589,795
Bank Hapoalim BM		11,364		112,511
Bank Leumi Le-Israel BM		14,534		156,570
Bank of America Corp.		74,543		3,072,662
Barclays PLC		167,636		324,958
BNP Paribas SA		11,252		642,991
BOC Hong Kong Holdings Ltd.		37,019		139,295


Company	Shares		U.S. $ Value

CaixaBank SA		44,350	$	150,430
Chiba Bank Ltd. (The)^(b)		5,302		31,174
Citigroup, Inc.		20,810		1,111,254
Citizens Financial Group, Inc.		4,469		202,580
Comerica, Inc.		1,370		123,889
Commerzbank AG^(a)		10,022		76,156
Commonwealth Bank of Australia		17,070		1,344,303
Concordia Financial Group Ltd.		10,890		40,529
Credit Agricole SA		12,372		147,827
Danske Bank A/S		6,900		114,782
DBS Group Holdings Ltd.		18,120		474,784
DNB Bank ASA		9,305		210,376
Erste Group Bank AG		3,439		125,408
Fifth Third Bancorp		7,170		308,597
FinecoBank Banca Fineco SpA		6,101		92,553
First Republic Bank/CA		1,880		304,748
Hang Seng Bank Ltd.		7,650		147,130
HSBC Holdings PLC		203,557		1,390,409
Huntington Bancshares, Inc./OH		15,077		220,426
ING Groep NV		39,055		407,770
Intesa Sanpaolo SpA		165,223		378,157
Israel Discount Bank Ltd. - Class A		11,644		72,416
Japan Post Bank Co., Ltd.^(b)		4,126		33,135
JPMorgan Chase & Co.		30,991		4,224,693
KBC Group NV		2,501		179,445
KeyCorp		9,740		217,981
Lloyds Banking Group PLC		710,325		432,564
M&T Bank Corp.		1,350		228,825
Mediobanca Banca di Credito Finanziario SpA		6,213		62,785
Mitsubishi UFJ Financial Group, Inc.		119,584		739,165
Mizrahi Tefahot Bank Ltd.		1,411		55,103
Mizuho Financial Group, Inc.		24,132		307,812
National Australia Bank Ltd.		32,735		788,091
NatWest Group PLC		56,574		159,784
Nordea Bank Abp^(b)		32,071		330,075
Oversea-Chinese Banking Corp., Ltd.		33,873		307,291
People’s United Financial, Inc.		4,487		89,695
PNC Financial Services Group, Inc. (The)		4,404		812,318
Raiffeisen Bank International AG		1,480		21,012
Regions Financial Corp.		9,878		219,884
Resona Holdings, Inc.		20,612		87,794
Shizuoka Bank Ltd. (The)^(b)		4,465		31,338
Signature Bank/New York NY		658		193,116
Skandinaviska Enskilda Banken AB - Class A^(b)		16,281		176,011
Societe Generale SA		8,110		217,407
Standard Chartered PLC		26,182		173,796
Sumitomo Mitsui Financial Group, Inc.		13,061		412,576
Sumitomo Mitsui Trust Holdings, Inc.^(b)		3,378		109,936
SVB Financial Group^(a)		616		344,621
Svenska Handelsbanken AB - Class A		14,591		134,171
Swedbank AB - Class A^(b)		9,059		135,302
Truist Financial Corp.		13,998		793,687
UniCredit SpA		21,156		228,225
United Overseas Bank Ltd.		11,806		276,237
US Bancorp		14,161		752,657
Wells Fargo & Co.		40,749		1,974,697
Westpac Banking Corp.		36,700		663,043
Zions Bancorp NA		1,590		104,240

				29,545,763


Company	Shares		U.S. $ Value

Capital Markets – 1.7%
3i Group PLC		9,735	$	176,032
Abrdn PLC		21,815		61,084
Ameriprise Financial, Inc.		1,163		349,319
Amundi SA^(c)		609		41,644
ASX Ltd.^(b)		1,936		117,767
Bank of New York Mellon Corp. (The)		7,758		385,029
BlackRock, Inc. - Class A		1,495		1,142,434
Cboe Global Markets, Inc.		1,118		127,922
Charles Schwab Corp. (The)		15,765		1,329,147
CME Group, Inc. - Class A		3,769		896,494
Credit Suisse Group AG		26,517		208,745
Daiwa Securities Group, Inc.^(b)		14,450		81,739
Deutsche Bank AG^(a)		20,675		260,385
Deutsche Boerse AG		1,900		342,020
EQT AB^(b)		2,959		115,396
Euronext NV^(c)		857		77,856
FactSet Research Systems, Inc.		396		171,923
Franklin Resources, Inc.		2,949		82,336
Futu Holdings Ltd. (ADR)^{(a) (b)}		509		16,573
Goldman Sachs Group, Inc. (The)		3,539		1,168,224
Hargreaves Lansdown PLC		3,558		46,897
Hong Kong Exchanges & Clearing Ltd.		12,049		564,777
Intercontinental Exchange, Inc.		5,892		778,451
Invesco Ltd.		3,579		82,532
Japan Exchange Group, Inc.		5,097		94,641
Julius Baer Group Ltd.		2,213		128,120
London Stock Exchange Group PLC		3,291		343,187
Macquarie Group Ltd.		3,390		512,683
MarketAxess Holdings, Inc.		399		135,740
Moody’s Corp.		1,696		572,247
Morgan Stanley		14,866		1,299,288
MSCI, Inc. - Class A		852		428,454
Nasdaq, Inc.		1,228		218,830
Nomura Holdings, Inc.		30,730		129,243
Northern Trust Corp.		2,179		253,745
Partners Group Holding AG		227		281,072
Raymond James Financial, Inc.		1,959		215,314
S&P Global, Inc.		3,714		1,523,408
SBI Holdings, Inc./Japan^(b)		2,450		61,816
Schroders PLC		1,243		52,342
Singapore Exchange Ltd.		8,040		58,921
St. James’s Place PLC		5,404		101,884
State Street Corp.		3,838		334,367
T. Rowe Price Group, Inc.		2,404		363,461
UBS Group AG		35,186		687,580

				16,421,069


Consumer Finance – 0.2%
American Express Co.		6,450		1,206,150
Capital One Financial Corp.		4,340		569,799
Discover Financial Services		3,020		332,774
Synchrony Financial		5,466		190,271

				2,298,994


Company	Shares		U.S. $ Value

Diversified Financial Services – 0.8%
Berkshire Hathaway, Inc. - Class B^(a)		19,205	$	6,777,636
EXOR NV		1,084		82,405
Groupe Bruxelles Lambert SA		1,094		113,203
Industrivarden AB		1,304		36,983
Industrivarden AB - Class C		1,626		45,323
Investor AB		23,214		512,084
Kinnevik AB^(a)		2,422		63,156
L E Lundbergforetagen AB - Class B		760		38,572
M&G PLC		26,009		74,940
Mitsubishi HC Capital, Inc.		6,603		30,681
ORIX Corp.		12,219		243,556
Sofina SA		154		55,959
Tokyo Century Corp.^(b)		369		13,528
Wendel SE		268		27,291

				8,115,317


Insurance – 1.7%
Admiral Group PLC		1,947		65,292
Aegon NV^(b)		17,910		94,943
Aflac, Inc.		6,292		405,142
Ageas SA/NV		1,719		86,901
AIA Group Ltd.		121,013		1,263,603
Allianz SE		4,086		975,770
Allstate Corp. (The)		2,943		407,635
American International Group, Inc.		8,707		546,538
Aon PLC		2,253		733,644
Arthur J Gallagher & Co.		2,186		381,676
Assicurazioni Generali SpA^(b)		11,071		253,217
Assurant, Inc.		597		108,552
Aviva PLC		37,916		224,346
AXA SA		19,475		570,117
Baloise Holding AG		458		81,797
Brown & Brown, Inc.		2,459		177,712
Chubb Ltd.		4,517		966,186
Cincinnati Financial Corp.		1,572		213,729
CNP Assurances		1,717		41,336
Dai-ichi Life Holdings, Inc.		10,056		204,346
Everest Re Group Ltd.		413		124,470
Gjensidige Forsikring ASA		2,000		49,594
Globe Life, Inc.		974		97,984
Hannover Rueck SE		603		102,437
Hartford Financial Services Group, Inc. (The)		3,512		252,197
Insurance Australia Group Ltd.^(b)		24,660		80,707
Japan Post Holdings Co., Ltd.		24,500		179,934
Japan Post Insurance Co., Ltd.		1,999		34,813
Legal & General Group PLC		59,724		211,745
Lincoln National Corp.		1,747		114,184
Loews Corp.		2,056		133,270
Marsh & McLennan Cos., Inc.		5,295		902,374
Medibank Pvt Ltd.		27,550		63,297
MetLife, Inc.		7,358		517,120
MS&AD Insurance Group Holdings, Inc.		4,453		144,580
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		1,401		374,543
NN Group NV		2,703		136,985
Phoenix Group Holdings PLC		6,999		56,075
Poste Italiane SpA^(c)		5,226		59,266


Company	Shares		U.S. $ Value

Principal Financial Group, Inc.		2,548	$	187,049
Progressive Corp. (The)		6,128		698,531
Prudential Financial, Inc.		3,964		468,426
Prudential PLC		27,474		405,606
QBE Insurance Group Ltd.		14,770		126,657
Sampo Oyj - Class A		4,989		243,783
Sompo Holdings, Inc.		3,130		137,533
Suncorp Group Ltd.		12,630		104,699
Swiss Life Holding AG		315		201,854
Swiss Re AG		3,017		287,200
T&D Holdings, Inc.		5,303		72,004
Tokio Marine Holdings, Inc.		6,279		365,395
Travelers Cos., Inc. (The)		2,529		462,124
Tryg A/S		3,601		87,557
W R Berkley Corp.		2,181		145,233
Willis Towers Watson PLC		1,280		302,362
Zurich Insurance Group AG		1,505		743,319

				16,477,389

				72,858,532


Consumer Discretionary – 6.8%
Auto Components – 0.2%
Aisin Corp.		1,473		50,344
Aptiv PLC^(a)		2,837		339,617
BorgWarner, Inc.		2,514		97,795
Bridgestone Corp.		5,711		221,677
Cie Generale des Etablissements Michelin SCA - Class B		1,696		229,834
Continental AG^(a)		1,100		78,855
Denso Corp.		4,335		276,573
Faurecia SE		1,213		31,549
Koito Manufacturing Co., Ltd.		1,045		42,291
Stanley Electric Co., Ltd.		1,301		24,598
Sumitomo Electric Industries Ltd.		7,545		89,689
Valeo		2,305		42,575

				1,525,397


Automobiles – 1.6%
Bayerische Motoren Werke AG		3,312		286,215
Bayerische Motoren Werke AG (Preference Shares)		577		44,693
Ferrari NV		1,260		274,503
Ford Motor Co.		41,248		697,504
General Motors Co.^(a)		15,237		666,466
Honda Motor Co., Ltd.		16,309		462,292
Isuzu Motors Ltd.		5,833		75,351
Mazda Motor Corp.		5,688		41,810
Mercedes-Benz Group AG		8,562		600,962
Nissan Motor Co., Ltd.^(a)		23,222		103,183
Porsche Automobil Holding SE (Preference Shares)		1,531		147,273
Renault SA^(a)		1,922		50,241
Stellantis NV		20,369		329,763
Subaru Corp.		6,155		97,760
Suzuki Motor Corp.		3,684		126,252
Tesla, Inc.^(a)		8,779		9,460,251
Toyota Motor Corp.		106,088		1,913,615


Company	Shares		U.S. $ Value

Volkswagen AG		324	$	80,034
Volkswagen AG (Preference Shares)		1,856		318,956
Yamaha Motor Co., Ltd.		2,978		66,748

				15,843,872


Distributors – 0.1%
Genuine Parts Co.		1,494		188,274
LKQ Corp.		2,812		127,693
Pool Corp.		420		177,597

				493,564


Diversified Consumer Services – 0.0%
IDP Education Ltd.^(b)		2,088		48,868


Hotels, Restaurants & Leisure – 1.0%
Accor SA^(a)		1,702		54,837
Aristocrat Leisure Ltd.		6,028		163,612
Booking Holdings, Inc.^(a)		431		1,012,182
Caesars Entertainment, Inc.^(a)		2,242		173,441
Carnival Corp.^(a)		8,482		171,506
Chipotle Mexican Grill, Inc. - Class A^(a)		295		466,699
Compass Group PLC		17,847		384,069
Crown Resorts Ltd.^{(a) (b)}		3,725		35,472
Darden Restaurants, Inc.		1,339		178,020
Domino’s Pizza Enterprises Ltd.^(b)		599		38,991
Domino’s Pizza, Inc.		382		155,478
Entain PLC^(a)		5,866		125,656
Evolution AB^(c)		1,721		175,085
Expedia Group, Inc.^(a)		1,575		308,180
Flutter Entertainment PLC^(a)		1,667		192,113
Galaxy Entertainment Group Ltd.		21,787		128,922
Genting Singapore Ltd.		60,493		36,156
Hilton Worldwide Holdings, Inc.^(a)		2,923		443,536
InterContinental Hotels Group PLC		1,832		123,906
La Francaise des Jeux SAEM^(c)		955		37,887
Las Vegas Sands Corp.^(a)		3,605		140,126
Marriott International, Inc./MD - Class A^(a)		2,869		504,227
McDonald’s Corp.		7,836		1,937,686
McDonald’s Holdings Co. Japan Ltd.		798		33,185
Melco Resorts & Entertainment Ltd. (ADR)^(a)		2,148		16,411
MGM Resorts International		3,950		165,663
Norwegian Cruise Line Holdings Ltd.^(a)		4,372		95,659
Oriental Land Co., Ltd./Japan^(b)		2,001		383,002
Penn National Gaming, Inc.^(a)		1,742		73,896
Royal Caribbean Cruises Ltd.^(a)		2,352		197,051
Sands China Ltd.^(a)		24,288		57,781
Sodexo SA		885		72,018
Starbucks Corp.		12,063		1,097,371
Tabcorp Holdings Ltd.^(b)		22,266		88,710
Whitbread PLC^(a)		2,020		75,212
Wynn Resorts Ltd.^(a)		1,104		88,033
Yum! Brands, Inc.		3,031		359,264

				9,791,043


Company	Shares		U.S. $ Value

Household Durables – 0.3%
Barratt Developments PLC		10,227	$	69,624
Berkeley Group Holdings PLC^(a)		1,123		54,776
DR Horton, Inc.		3,382		251,993
Electrolux AB^(b)		2,256		34,139
Garmin Ltd.		1,593		188,946
Iida Group Holdings Co., Ltd.^(b)		1,472		25,379
Lennar Corp. - Class A		2,741		222,487
Mohawk Industries, Inc.^(a)		575		71,415
Newell Brands, Inc.		3,970		84,998
NVR, Inc.^(a)		34		151,887
Open House Group Co., Ltd.		820		36,287
Panasonic Corp.		22,093		214,569
Persimmon PLC		3,192		89,508
PulteGroup, Inc.		2,607		109,233
Rinnai Corp.		350		26,181
SEB SA		276		38,491
Sekisui Chemical Co., Ltd.		3,773		54,063
Sekisui House Ltd.		6,164		119,231
Sharp Corp./Japan^(b)		2,142		19,994
Sony Group Corp.		12,615		1,297,776
Taylor Wimpey PLC		36,480		62,122
Whirlpool Corp.		619		106,951

				3,330,050


Internet & Direct Marketing Retail – 1.7%
Amazon.com, Inc.^(a)		4,589		14,959,911
Delivery Hero SE^{(a) (c)}		1,631		71,085
eBay, Inc.		6,565		375,912
Etsy, Inc.^(a)		1,329		165,168
Fiverr International Ltd.^{(a) (b)}		292		22,212
Just Eat Takeaway.com NV^{(a) (b) (c)}		1,807		60,603
Mercari, Inc.^{(a) (b)}		1,038		26,795
Prosus NV^{(a) (b)}		9,335		503,416
Rakuten Group, Inc.^(b)		8,696		68,374
Zalando SE^{(a) (c)}		2,227		112,762
ZOZO, Inc.		1,247		33,302

				16,399,540


Leisure Products – 0.0%
Bandai Namco Holdings, Inc.^(b)		1,998		151,507
Hasbro, Inc.		1,360		111,411
Shimano, Inc.		739		169,237
Yamaha Corp.		1,341		58,275

				490,430


Multiline Retail – 0.3%
Cie Financiere Richemont SA		5,222		661,913
Dollar General Corp.		2,430		540,991
Dollar Tree, Inc.^(a)		2,359		377,794
Next PLC		1,330		104,605
Pan Pacific International Holdings Corp.		4,124		65,986
Ryohin Keikaku Co., Ltd.		2,528		29,323
Target Corp.		5,024		1,066,193
Wesfarmers Ltd.		11,342		425,604

				3,272,409


Company	Shares		U.S. $ Value

Specialty Retail – 0.9%
Advance Auto Parts, Inc.		654	$	135,352
AutoZone, Inc.^(a)		216		441,629
Bath & Body Works, Inc.		2,703		129,204
Best Buy Co., Inc.		2,270		206,343
CarMax, Inc.^{(a) (b)}		1,695		163,534
Chow Tai Fook Jewellery Group Ltd.^(a)		20,007		36,135
Fast Retailing Co., Ltd.		583		298,879
H & M Hennes & Mauritz AB - Class B^(b)		7,306		98,102
Hikari Tsushin, Inc.		209		23,760
Home Depot, Inc. (The)		10,950		3,277,664
Industria de Diseno Textil SA		10,912		237,936
JD Sports Fashion PLC		25,800		49,714
Kingfisher PLC		20,881		69,693
Lowe’s Cos., Inc.		7,065		1,428,472
Nitori Holdings Co., Ltd.		801		100,776
O’Reilly Automotive, Inc.^(a)		707		484,267
Ross Stores, Inc.		3,705		335,154
TJX Cos., Inc. (The)		12,509		757,795
Tractor Supply Co.		1,194		278,644
Ulta Beauty, Inc.^(a)		568		226,189
USS Co., Ltd.		2,193		36,851

				8,816,093


Textiles, Apparel & Luxury Goods – 0.7%
adidas AG		1,904		443,681
Burberry Group PLC		4,051		88,432
EssilorLuxottica SA		2,875		525,810
Hermes International		316		447,249
Kering SA		750		473,496
LVMH Moet Hennessy Louis Vuitton SE		2,777		1,982,219
Moncler SpA		2,053		113,904
NIKE, Inc. - Class B		13,384		1,800,951
Pandora A/S		1,000		95,264
Puma SE		1,056		89,804
PVH Corp.		734		56,232
Ralph Lauren Corp.		485		55,019
Swatch Group AG (The)		289		81,938
Swatch Group AG (The) (REG)		526		28,623
Tapestry, Inc.		2,768		102,831
Under Armour, Inc. - Class A^(a)		1,978		33,666
Under Armour, Inc. - Class C^(a)		2,255		35,088
VF Corp.		3,385		192,471

				6,646,678

				66,657,944


Industrials – 5.7%
Aerospace & Defense – 0.8%
Airbus SE^(a)		5,897		711,582
BAE Systems PLC		31,734		298,028
Boeing Co. (The)^(a)		5,747		1,100,550
Dassault Aviation SA		250		39,479
Elbit Systems Ltd.		265		57,956


Company	Shares		U.S. $ Value

General Dynamics Corp.		2,417	$	582,932
Howmet Aerospace, Inc.		3,980		143,041
Huntington Ingalls Industries, Inc.		420		83,765
L3Harris Technologies, Inc.		2,058		511,351
Lockheed Martin Corp.		2,542		1,122,039
MTU Aero Engines AG		534		123,503
Northrop Grumman Corp.		1,539		688,272
Raytheon Technologies Corp.		15,649		1,550,346
Rolls-Royce Holdings PLC^(a)		83,708		110,076
Safran SA		3,419		402,538
Singapore Technologies Engineering Ltd.		15,618		47,308
Textron, Inc.		2,311		171,892
Thales SA		1,067		133,626
TransDigm Group, Inc.^(a)		553		360,302

				8,238,586


Air Freight & Logistics – 0.4%
CH Robinson Worldwide, Inc.		1,363		146,809
Deutsche Post AG		9,916		473,507
DSV A/S		2,040		390,977
Expeditors International of Washington, Inc.		1,776		183,212
FedEx Corp.		2,556		591,433
InPost SA^{(a) (b)}		2,000		12,690
Kuehne + Nagel International AG		543		154,173
SG Holdings Co., Ltd.		3,203		60,315
United Parcel Service, Inc. - Class B		7,646		1,639,761
Yamato Holdings Co., Ltd.^(b)		2,915		54,453

				3,707,330


Airlines – 0.1%
Alaska Air Group, Inc.^(a)		1,320		76,573
American Airlines Group, Inc.^(a)		6,792		123,954
ANA Holdings, Inc.^(a)		1,598		33,403
Delta Air Lines, Inc.^(a)		6,712		265,594
Deutsche Lufthansa AG^(a)		5,979		48,217
Japan Airlines Co., Ltd.^(a)		1,443		26,902
Qantas Airways Ltd.^(a)		9,245		35,747
Singapore Airlines Ltd.^{(a) (b)}		13,404		54,021
Southwest Airlines Co.^(a)		6,212		284,510
United Airlines Holdings, Inc.^(a)		3,396		157,439

				1,106,360


Building Products – 0.3%
A O Smith Corp.		1,378		88,040
AGC, Inc.		1,934		77,274
Allegion PLC		941		103,303
Assa Abloy AB - Class B		10,026		269,495
Carrier Global Corp.		8,971		411,500
Cie de Saint-Gobain		5,061		301,131
Daikin Industries Ltd.		2,492		452,557
Fortune Brands Home & Security, Inc.		1,423		105,701
Geberit AG		358		220,691
Johnson Controls International PLC		7,368		483,120
Kingspan Group PLC		1,541		150,628
Lixil Corp.		2,664		49,592
Masco Corp.		2,516		128,316


Company	Shares		U.S. $ Value

Nibe Industrier AB		14,269	$	158,165
Otis Worldwide Corp.		4,456		342,889
ROCKWOOL International A/S		83		27,399
TOTO Ltd.		1,416		56,867
Xinyi Glass Holdings Ltd.		18,127		43,463

				3,470,131


Commercial Services & Supplies – 0.2%
Brambles Ltd.		14,350		105,898
Cintas Corp.		925		393,486
Copart, Inc.^(a)		2,239		280,927
Dai Nippon Printing Co., Ltd.		2,221		52,072
Rentokil Initial PLC		18,600		128,125
Republic Services, Inc. - Class A		2,190		290,175
Rollins, Inc.		2,374		83,209
Secom Co., Ltd.		2,100		151,918
Securitas AB - Class B		3,132		35,333
Sohgo Security Services Co., Ltd.		714		23,285
TOPPAN, Inc.		2,623		46,269
Waste Management, Inc.		4,036		639,706

				2,230,403


Construction & Engineering – 0.2%
ACS Actividades de Construccion y Servicios SA^(b)		2,331		62,843
Bouygues SA		2,295		80,105
Eiffage SA		833		85,493
Epiroc AB - Class A		6,592		140,995
Epiroc AB - Class B		3,901		70,430
Ferrovial SA^(b)		4,852		129,038
Kajima Corp.		4,495		54,689
Obayashi Corp.^(b)		6,496		47,679
Quanta Services, Inc.		1,494		196,625
Shimizu Corp.^(b)		5,521		33,132
Skanska AB - Class B^(b)		3,403		76,133
Taisei Corp.		1,909		55,111
Vinci SA		5,387		550,404

				1,582,677


Electrical Equipment – 0.5%
ABB Ltd.		16,431		533,033
AMETEK, Inc.		2,426		323,095
Eaton Corp. PLC		4,180		634,357
Emerson Electric Co.		6,229		610,753
Fuji Electric Co., Ltd.		1,269		63,248
Generac Holdings, Inc.^(a)		662		196,786
Legrand SA		2,675		254,330
Mitsubishi Electric Corp.		18,258		209,398
Nidec Corp.^(b)		4,473		353,291
Prysmian SpA		2,548		86,469
Rockwell Automation, Inc.		1,218		341,077
Schneider Electric SE		5,407		907,783
Siemens Energy AG^(a)		3,998		90,957
Siemens Gamesa Renewable Energy SA^{(a) (b)}		2,384		41,814
Vestas Wind Systems A/S		10,102		296,340

				4,942,731


Company	Shares		U.S. $ Value

Industrial Conglomerates – 0.6%
3M Co.		5,989	$	891,642
CK Hutchison Holdings Ltd.		26,861		196,419
DCC PLC		986		76,350
General Electric Co.		11,528		1,054,812
Hitachi Ltd.^(b)		9,686		484,728
Honeywell International, Inc.		7,192		1,399,419
Investment AB Latour - Class B^(b)		1,481		47,018
Jardine Matheson Holdings Ltd.		2,157		118,635
Keppel Corp., Ltd.		14,570		68,701
Lifco AB		2,332		59,199
Melrose Industries PLC		43,741		70,954
Roper Technologies, Inc.		1,106		522,286
Siemens AG		7,652		1,059,551
Smiths Group PLC		3,958		74,988
Toshiba Corp.		3,898		148,099

				6,272,801


Machinery – 1.1%
Alfa Laval AB		3,147		108,249
Alstom SA		3,174		74,268
Atlas Copco AB - Class A		6,717		348,652
Atlas Copco AB - Class B		3,903		176,999
Caterpillar, Inc.		5,673		1,264,058
CNH Industrial NV		10,236		161,225
Cummins, Inc.		1,494		306,434
Daifuku Co., Ltd.		1,013		72,279
Daimler Truck Holding AG^(a)		4,116		114,157
Deere & Co.		2,941		1,221,868
Dover Corp.		1,510		236,919
FANUC Corp.		1,918		336,628
Fortive Corp.		3,760		229,097
GEA Group AG		1,534		62,875
Hino Motors Ltd.		2,874		16,801
Hitachi Construction Machinery Co., Ltd.^(b)		1,075		27,854
Hoshizaki Corp.		543		37,250
Husqvarna AB - Class B		4,187		43,678
IDEX Corp.		797		152,809
Illinois Tool Works, Inc.		2,995		627,153
Ingersoll Rand, Inc.		4,274		215,196
KION Group AG		721		47,519
Knorr-Bremse AG		725		55,576
Komatsu Ltd.		8,761		210,487
Kone Oyj - Class B		3,400		177,922
Kornit Digital Ltd.^(a)		465		38,451
Kubota Corp.		10,276		192,616
Kurita Water Industries Ltd.^(b)		988		36,468
Makita Corp.^(b)		2,241		71,704
MINEBEA MITSUMI, Inc.		3,631		79,083
MISUMI Group, Inc.		2,844		84,668
Mitsubishi Heavy Industries Ltd.		3,206		105,241
Miura Co., Ltd.^(b)		877		21,609
NGK Insulators Ltd.		2,538		36,205
Nordson Corp.		567		128,754
PACCAR, Inc.		3,642		320,751
Parker-Hannifin Corp.		1,347		382,225
Pentair PLC		1,735		94,054


Company	Shares		U.S. $ Value

Rational AG		51	$	35,125
Sandvik AB^(b)		11,293		239,895
Schindler Holding AG		407		87,208
Schindler Holding AG (REG)		201		42,831
SKF AB - Class B		3,825		62,370
SMC Corp.		572		319,744
Snap-on, Inc.		560		115,069
Spirax-Sarco Engineering PLC		737		120,485
Stanley Black & Decker, Inc.		1,710		239,041
Techtronic Industries Co., Ltd.		13,763		220,503
Toyota Industries Corp.		1,466		101,115
Trane Technologies PLC		2,449		373,962
VAT Group AG^(c)		270		102,799
Volvo AB		2,003		38,366
Volvo AB - Class B^(b)		14,301		266,790
Wartsila OYJ Abp		4,735		43,235
Westinghouse Air Brake Technologies Corp.		1,959		188,397
Xylem, Inc./NY		1,891		161,227

				10,675,944


Marine – 0.1%
AP Moller - Maersk A/S - Class A		31		91,524
AP Moller - Maersk A/S - Class B		57		171,283
Mitsui OSK Lines Ltd.^(b)		3,438		95,503
Nippon Yusen KK^(b)		1,616		141,359
SITC International Holdings Co., Ltd.		13,416		46,912

				546,581


Professional Services – 0.4%
Adecco Group AG		1,598		72,488
Benefit One, Inc.^(b)		800		16,790
Bureau Veritas SA		2,941		83,850
Equifax, Inc.		1,279		303,251
Experian PLC		9,231		355,630
Intertek Group PLC		1,614		110,103
Jacobs Engineering Group, Inc.		1,355		186,733
Leidos Holdings, Inc.		1,472		159,006
Nielsen Holdings PLC		3,763		102,504
Nihon M&A Center Holdings, Inc.		3,030		42,384
Persol Holdings Co., Ltd.		1,775		39,771
Randstad NV^(b)		1,196		71,945
Recruit Holdings Co., Ltd.		13,572		589,663
RELX PLC (London)		19,353		602,221
Robert Half International, Inc.		1,148		131,079
SGS SA		59		164,028
Teleperformance		587		223,587
Verisk Analytics, Inc. - Class A		1,690		362,725
Wolters Kluwer NV		2,626		279,948

				3,897,706


Road & Rail – 0.5%
Aurizon Holdings Ltd.		18,414		50,613
Central Japan Railway Co.^(b)		1,442		188,027
CSX Corp.		23,259		871,050
East Japan Railway Co.^(b)		3,024		175,022
Grab Holdings Ltd.^{(a) (b)}		10,858		38,003
Hankyu Hanshin Holdings, Inc.		2,289		66,156


Company	Shares		U.S. $ Value

JB Hunt Transport Services, Inc.		881	$	176,896
Keio Corp.^(b)		1,028		40,072
Keisei Electric Railway Co., Ltd.^(b)		1,293		35,919
Kintetsu Group Holdings Co., Ltd.^(b)		1,716		49,120
MTR Corp., Ltd.		15,489		83,412
Nippon Express Holdings, Inc.		768		52,762
Norfolk Southern Corp.		2,514		717,043
Odakyu Electric Railway Co., Ltd.^(b)		2,949		48,879
Old Dominion Freight Line, Inc.		977		291,810
Tobu Railway Co., Ltd.^(b)		1,889		45,930
Tokyu Corp.^(b)		5,000		64,870
Union Pacific Corp.		6,679		1,824,770
West Japan Railway Co.		2,196		90,993

				4,911,347


Trading Companies & Distributors – 0.4%
AerCap Holdings NV^(a)		1,347		67,727
Ashtead Group PLC		4,463		281,010
Brenntag SE		1,545		124,576
Bunzl PLC		3,375		130,886
Fastenal Co.		6,036		358,539
Ferguson PLC		2,211		299,546
ITOCHU Corp.		11,891		402,225
Marubeni Corp.		15,652		181,754
Mitsubishi Corp.		12,633		474,075
Mitsui & Co., Ltd.		15,608		423,682
MonotaRO Co., Ltd.		2,507		53,806
Reece Ltd.^(b)		2,908		40,943
Sumitomo Corp.		11,267		195,129
Toyota Tsusho Corp.		2,125		87,214
United Rentals, Inc.^(a)		759		269,604
WW Grainger, Inc.		454		234,169

				3,624,885


Transportation Infrastructure – 0.1%
Aena SME SA^{(a) (c)}		750		125,025
Aeroports de Paris^(a)		296		44,263
Atlantia SpA^{(a) (b)}		4,956		103,048
Auckland International Airport Ltd.^(a)		12,522		67,752
Getlink SE		4,401		79,261
Transurban Group		30,709		310,282

				729,631

				55,937,113


Communication Services – 4.6%
Diversified Telecommunication Services – 1.0%
AT&T, Inc.		74,885		1,769,532
BT Group PLC		89,306		212,933
Cellnex Telecom SA^(c)		5,096		245,242
Charter Communications, Inc. - Class A^(a)		1,250		681,900
Comcast Corp. - Class A		47,439		2,221,094
Deutsche Telekom AG		32,424		603,868
Elisa Oyj		1,422		85,756
Eurazeo SE		396		33,293
HKT Trust & HKT Ltd. - Class SS		37,893		51,957


Company	Shares		U.S. $ Value

Infrastrutture Wireless Italiane SpA^(c)		3,362	$	37,635
Koninklijke KPN NV		33,635		116,713
Lumen Technologies, Inc.		9,663		108,902
Nippon Telegraph & Telephone Corp.		11,957		347,397
Orange SA		19,958		236,329
Proximus SADP		1,521		28,323
Singapore Telecommunications Ltd.		82,605		160,398
Spark New Zealand Ltd.		18,701		59,182
Swisscom AG		259		155,609
Telecom Italia SpA/Milano^(b)		99,680		36,595
Telefonica Deutschland Holding AG		10,414		28,324
Telefonica SA		52,714		255,466
Telenor ASA		7,000		100,447
Telia Co. AB^(b)		26,592		106,626
Telstra Corp., Ltd.		41,454		122,474
United Internet AG		970		33,289
Verizon Communications, Inc.		44,023		2,242,532
Washington H Soul Pattinson & Co., Ltd.^(b)		2,166		46,199

				10,128,015


Entertainment – 0.7%
Activision Blizzard, Inc.		8,170		654,499
Bollore SE		8,845		46,316
Capcom Co., Ltd.^(b)		1,761		42,694
Electronic Arts, Inc.		2,949		373,078
Embracer Group AB^{(a) (b)}		5,598		46,727
Koei Tecmo Holdings Co., Ltd.		588		19,282
Konami Holdings Corp.^(b)		933		58,849
Live Nation Entertainment, Inc.^(a)		1,417		166,696
Netflix, Inc.^(a)		4,656		1,744,091
Nexon Co., Ltd.^(b)		4,942		118,231
Nintendo Co., Ltd.		1,104		557,257
Sea Ltd. (ADR)^(a)		3,201		383,448
Square Enix Holdings Co., Ltd.		858		38,008
Take-Two Interactive Software, Inc.^(a)		1,210		186,025
Toho Co., Ltd./Tokyo		1,119		42,287
Ubisoft Entertainment SA^(a)		939		41,262
Universal Music Group NV		7,256		193,693
Walt Disney Co. (The)^(a)		19,092		2,618,659

				7,331,102


Interactive Media & Services – 2.4%
Adevinta ASA - Class B^(a)		2,915		26,611
Alphabet, Inc. - Class A^(a)		3,154		8,772,378
Alphabet, Inc. - Class C^(a)		2,913		8,135,980
Auto Trader Group PLC^(c)		9,510		78,508
Kakaku.com, Inc.^(b)		1,334		29,792
Match Group, Inc.^(a)		2,969		322,849
Meta Platforms, Inc. - Class A^(a)		24,214		5,384,225
REA Group Ltd.^(b)		528		52,932
Scout24 SE^(c)		836		47,662
SEEK Ltd.^(b)		3,363		74,062
Twitter, Inc.^(a)		8,385		324,416
Z Holdings Corp.^(b)		26,807		115,889

				23,365,304


Company	Shares		U.S. $ Value

Media – 0.2%
CyberAgent, Inc.		4,047	$	50,080
Dentsu Group, Inc.		2,163		88,394
Discovery, Inc. - Class A^(a)		1,778		44,308
Discovery, Inc. - Class C^(a)		3,185		79,530
DISH Network Corp. - Class A^(a)		2,619		82,891
Fox Corp. - Class A		3,312		130,658
Fox Corp. - Class B		1,529		55,472
Hakuhodo DY Holdings, Inc.		2,338		29,349
Informa PLC^(a)		15,036		117,807
Interpublic Group of Cos., Inc. (The)		4,128		146,338
News Corp. - Class A		4,099		90,793
News Corp. - Class B		1,270		28,600
Omnicom Group, Inc.		2,192		186,057
Paramount Global - Class B^(b)		6,362		240,547
Pearson PLC		7,570		74,224
Publicis Groupe SA		2,280		138,381
Schibsted ASA		731		18,017
Schibsted ASA - Class B		973		20,822
Vivendi SE		7,762		101,407
WPP PLC		11,681		152,882

				1,876,557


Wireless Telecommunication Services – 0.3%
KDDI Corp.		16,135		529,012
SoftBank Corp.		28,734		335,128
SoftBank Group Corp.^(b)		12,065		539,422
T-Mobile US, Inc.^(a)		6,157		790,251
Tele2 AB - Class B^(b)		5,010		75,730
Vodafone Group PLC		272,972		447,615

				2,717,158

				45,418,136


Consumer Staples – 4.1%
Beverages – 0.9%
Anheuser-Busch InBev SA/NV		8,688		519,439
Asahi Group Holdings Ltd.		4,564		166,223
Brown-Forman Corp. - Class B		1,916		128,410
Budweiser Brewing Co. APAC Ltd.^{(b) (c)}		17,223		45,480
Carlsberg AS - Class B		1,004		123,252
Coca-Cola Co. (The)		40,766		2,527,492
Coca-Cola Europacific Partners PLC		2,052		99,748
Coca-Cola HBC AG^(a)		2,011		41,941
Constellation Brands, Inc. - Class A		1,723		396,841
Davide Campari-Milano NV		5,229		60,652
Diageo PLC		23,320		1,182,896
Heineken Holding NV		1,152		90,205
Heineken NV^(b)		2,593		247,968
Ito En Ltd.		535		26,261
Kirin Holdings Co., Ltd.		8,229		122,914
Molson Coors Beverage Co. - Class B		1,976		105,479
Monster Beverage Corp.^(a)		3,940		314,806


Company	Shares		U.S. $ Value

PepsiCo, Inc.		14,508	$	2,428,349
Pernod Ricard SA		2,095		460,295
Remy Cointreau SA		227		46,814
Suntory Beverage & Food Ltd.		1,391		53,018
Treasury Wine Estates Ltd.		7,221		62,375

				9,250,858


Food & Staples Retailing – 0.9%
Aeon Co., Ltd.^(b)		6,541		139,470
Carrefour SA		6,209		135,121
Coles Group Ltd.		13,344		178,348
Cosmos Pharmaceutical Corp.		200		24,240
Costco Wholesale Corp.		4,650		2,677,702
Endeavour Group Ltd./Australia		13,186		71,729
Etablissements Franz Colruyt NV		534		22,105
HelloFresh SE^(a)		1,653		74,193
J Sainsbury PLC		17,500		57,921
Jeronimo Martins SGPS SA		2,832		67,939
Kesko Oyj - Class B		2,732		75,431
Kobe Bussan Co., Ltd.^(b)		1,368		42,100
Koninklijke Ahold Delhaize NV		10,461		336,483
Kroger Co. (The)		7,016		402,508
Lawson, Inc.		501		19,178
Ocado Group PLC^(a)		4,885		74,592
Seven & i Holdings Co., Ltd.		7,537		359,343
Sysco Corp.		5,321		434,460
Tesco PLC		76,906		278,423
Tsuruha Holdings, Inc.		395		25,082
Walgreens Boots Alliance, Inc.		7,514		336,402
Walmart, Inc.		14,835		2,209,228
Welcia Holdings Co., Ltd.		943		23,203
Woolworths Group Ltd.		12,124		336,621

				8,401,822


Food Products – 0.9%
Ajinomoto Co., Inc.		4,669		132,519
Archer-Daniels-Midland Co.		5,868		529,646
Associated British Foods PLC		3,563		77,399
Barry Callebaut AG		35		82,056
Campbell Soup Co.		2,120		94,488
Chocoladefabriken Lindt & Spruengli AG		10		119,019
Chocoladefabriken Lindt & Spruengli AG (REG)		1		120,958
Conagra Brands, Inc.		5,030		168,857
Danone SA		6,535		361,013
General Mills, Inc.		6,326		428,397
Hershey Co. (The)		1,525		330,361
Hormel Foods Corp.		2,959		152,507
J M Smucker Co. (The)		1,136		153,826
JDE Peet’s NV^(b)		1,004		28,800
Kellogg Co.		2,683		173,027
Kerry Group PLC - Class A		1,592		178,052
Kikkoman Corp.		1,454		96,308
Kraft Heinz Co. (The)		7,445		293,258
Lamb Weston Holdings, Inc.		1,523		91,243
McCormick & Co., Inc./MD		2,619		261,376
MEIJI Holdings Co., Ltd.^(b)		1,221		66,217
Mondelez International, Inc. - Class A		14,559		914,014
Mowi ASA		4,397		118,437


Company	Shares		U.S. $ Value

Nestle SA		28,160	$	3,661,325
Nisshin Seifun Group, Inc.		1,979		27,610
Nissin Foods Holdings Co., Ltd.		634		44,453
Orkla ASA		7,513		66,749
Toyo Suisan Kaisha Ltd.		887		31,739
Tyson Foods, Inc. - Class A		3,067		274,895
WH Group Ltd.^(c)		83,428		52,389
Wilmar International Ltd.		19,217		66,553
Yakult Honsha Co., Ltd.		1,283		68,440

				9,265,931


Household Products – 0.7%
Church & Dwight Co., Inc.		2,538		252,226
Clorox Co. (The)		1,290		179,349
Colgate-Palmolive Co.		8,839		670,261
Essity AB - Class B^(b)		6,089		143,694
Henkel AG & Co. KGaA		1,039		68,579
Henkel AG & Co. KGaA (Preference Shares)		1,782		119,272
Kimberly-Clark Corp.		3,532		435,001
Lion Corp.^(b)		2,244		25,010
Procter & Gamble Co. (The)		25,137		3,840,934
Reckitt Benckiser Group PLC		7,145		545,063
Unicharm Corp.		4,036		144,997

				6,424,386


Personal Products – 0.3%
Beiersdorf AG		1,008		105,894
Estee Lauder Cos., Inc. (The) - Class A		2,437		663,644
Kao Corp.		4,751		193,986
Kobayashi Pharmaceutical Co., Ltd.		533		42,706
Kose Corp.^(b)		333		34,840
L’Oreal SA		2,510		1,002,607
Pola Orbis Holdings, Inc.		916		11,927
Shiseido Co., Ltd.		4,001		202,085
Unilever PLC		25,691		1,166,442

				3,424,131


Tobacco – 0.4%
Altria Group, Inc.		19,119		998,968
British American Tobacco PLC		21,807		915,832
Imperial Brands PLC		9,467		199,420
Japan Tobacco, Inc.		12,004		204,999
Philip Morris International, Inc.		16,252		1,526,713
Swedish Match AB		15,806		118,862

				3,964,794

				40,731,922


Materials – 2.4%
Chemicals – 1.3%
Air Liquide SA		4,740		829,233
Air Products and Chemicals, Inc.		2,325		581,041
Akzo Nobel NV		1,875		161,104
Albemarle Corp.		1,227		271,351
Arkema SA		614		73,398
Asahi Kasei Corp.		12,550		108,552
BASF SE		9,188		524,272
Celanese Corp. - Class A		1,133		161,872


Company	Shares		U.S. $ Value

CF Industries Holdings, Inc.		2,249	$	231,782
Chr Hansen Holding A/S		1,055		77,465
Clariant AG^{(a) (b)}		2,158		37,448
Corteva, Inc.		7,624		438,227
Covestro AG^(c)		1,932		97,287
Croda International PLC		1,395		143,506
Dow, Inc.		7,715		491,600
DuPont de Nemours, Inc.		5,379		395,787
Eastman Chemical Co.		1,353		151,617
Ecolab, Inc.		2,614		461,528
EMS-Chemie Holding AG		70		68,026
Evonik Industries AG		2,097		58,176
FMC Corp.		1,329		174,857
Fuchs Petrolub SE		695		25,216
Givaudan SA		92		380,230
ICL Group Ltd.		7,065		83,986
IMCD NV^(b)		570		97,238
International Flavors & Fragrances, Inc.		2,669		350,520
Johnson Matthey PLC		1,936		47,348
JSR Corp.^(b)		2,035		59,926
Kansai Paint Co., Ltd.		1,772		28,448
Koninklijke DSM NV^(b)		1,748		312,706
LANXESS AG		820		35,996
Linde PLC		5,375		1,716,936
LyondellBasell Industries NV - Class A		2,757		283,475
Mitsubishi Chemical Holdings Corp.		12,808		85,183
Mitsubishi Gas Chemical Co., Inc.		1,580		26,746
Mitsui Chemicals, Inc.		1,842		46,307
Mosaic Co. (The)		3,884		258,286
Nippon Paint Holdings Co., Ltd.^(b)		8,300		72,719
Nippon Sanso Holdings Corp.		1,516		28,825
Nissan Chemical Corp.		1,215		71,269
Nitto Denko Corp.		1,423		102,012
Novozymes A/S - Class B		2,055		140,899
Orica Ltd.^(b)		4,076		48,496
PPG Industries, Inc.		2,490		326,364
Sherwin-Williams Co. (The)		2,530		631,539
Shin-Etsu Chemical Co., Ltd.		3,543		538,299
Sika AG		1,419		469,481
Solvay SA^(b)		741		73,030
Sumitomo Chemical Co., Ltd.		14,904		68,243
Symrise AG		1,328		159,217
Toray Industries, Inc.		13,872		72,128
Tosoh Corp.		2,601		38,441
Umicore SA		1,971		85,201
Yara International ASA		1,656		82,814

				12,385,653


Construction Materials – 0.1%
CRH PLC		7,728		308,232
HeidelbergCement AG		1,488		84,331
Holcim Ltd.^(a)		5,237		254,711
James Hardie Industries PLC		4,453		133,582
Martin Marietta Materials, Inc.		654		251,718
Vulcan Materials Co.		1,392		255,710

				1,288,284


Company	Shares		U.S. $ Value

Containers & Packaging – 0.1%
Amcor PLC		15,874	$	179,852
Avery Dennison Corp.		868		151,006
Ball Corp.		3,397		305,730
International Paper Co.		4,061		187,415
Packaging Corp. of America		996		155,486
Sealed Air Corp.		1,554		104,056
Smurfit Kappa Group PLC		2,461		109,311
Westrock Co.		2,760		129,803

				1,322,659


Metals & Mining – 0.8%
Anglo American PLC		12,797		664,962
Antofagasta PLC		3,944		85,699
ArcelorMittal SA		6,390		204,698
BHP Group Ltd.^(b)		50,642		1,952,122
BlueScope Steel Ltd.		4,945		76,895
Boliden AB		2,736		138,018
Evolution Mining Ltd.^(b)		18,336		60,518
Fortescue Metals Group Ltd.		16,940		260,399
Freeport-McMoRan, Inc.		15,395		765,747
Glencore PLC^(a)		99,204		645,491
Hitachi Metals Ltd.^{(a) (b)}		2,145		35,886
JFE Holdings, Inc.^(b)		4,917		68,809
Mineral Resources Ltd.		1,700		67,014
Newcrest Mining Ltd.		8,147		164,630
Newmont Corp.		8,362		664,361
Nippon Steel Corp.		8,556		150,968
Norsk Hydro ASA		13,453		130,708
Northern Star Resources Ltd.^(b)		11,068		89,293
Nucor Corp.		2,852		423,950
Rio Tinto Ltd.		3,713		331,943
Rio Tinto PLC		11,236		898,279
South32 Ltd.		46,654		177,345
Sumitomo Metal Mining Co., Ltd.		2,472		125,240
voestalpine AG		1,161		34,547

				8,217,522


Paper & Forest Products – 0.1%
Mondi PLC		4,857		94,410
Oji Holdings Corp.^(b)		8,118		40,275
Stora Enso Oyj - Class R		5,819		114,154
Svenska Cellulosa AB SCA - Class B^(b)		6,061		117,690
UPM-Kymmene Oyj^(b)		5,339		174,345

				540,874

				23,754,992


Energy – 2.2%
Energy Equipment & Services – 0.1%
Baker Hughes Co. - Class A		9,497		345,786
Halliburton Co.		9,423		356,849
Schlumberger NV		14,717		607,959
Tenaris SA		4,723		70,944

				1,381,538


Company	Shares		U.S. $ Value

Oil, Gas & Consumable Fuels – 2.1%
Aker BP ASA		1,260	$	46,996
Ampol Ltd.		2,383		54,137
APA Corp.		3,809		157,426
BP PLC		197,529		968,362
Chevron Corp.		20,215		3,291,608
ConocoPhillips		13,656		1,365,600
Coterra Energy, Inc.		8,532		230,108
Devon Energy Corp.		6,602		390,376
Diamondback Energy, Inc.		1,786		244,825
ENEOS Holdings, Inc.		30,699		114,775
Eni SpA		25,248		368,197
EOG Resources, Inc.		6,136		731,595
Equinor ASA		9,776		365,003
Exxon Mobil Corp.		44,395		3,666,583
Galp Energia SGPS SA		5,014		63,390
Hess Corp.		2,891		309,453
Idemitsu Kosan Co., Ltd.^(b)		2,085		57,474
Inpex Corp.		10,240		120,395
Kinder Morgan, Inc.		20,449		386,691
Lundin Energy AB^(b)		2,002		84,032
Marathon Oil Corp.		8,164		204,998
Marathon Petroleum Corp.		6,072		519,156
Neste Oyj		4,232		192,950
Occidental Petroleum Corp.		9,305		527,966
OMV AG		1,473		70,384
ONEOK, Inc.		4,676		330,266
Phillips 66		4,906		423,829
Pioneer Natural Resources Co.		2,381		595,321
Repsol SA		14,515		190,135
Santos Ltd.		32,188		186,620
Shell PLC		77,023		2,111,099
TotalEnergies SE		25,093		1,269,694
Valero Energy Corp.		4,287		435,302
Williams Cos., Inc. (The)		12,741		425,677
Woodside Petroleum Ltd.^(b)		9,700		233,105

				20,733,528

				22,115,066


Utilities – 1.7%
Electric Utilities – 1.0%
Alliant Energy Corp.		2,625		164,010
American Electric Power Co., Inc.		5,282		526,985
Chubu Electric Power Co., Inc.^(b)		6,445		66,705
CK Infrastructure Holdings Ltd.		6,629		44,314
CLP Holdings Ltd.		16,428		159,843
Constellation Energy Corp.		3,424		192,600
Duke Energy Corp.		8,066		900,650
Edison International		3,984		279,278
EDP - Energias de Portugal SA		27,770		136,681
Electricite de France SA		4,738		44,472
Elia Group SA/NV		309		47,144
Endesa SA		3,177		69,270
Enel SpA		81,364		543,247
Entergy Corp.		2,108		246,109
Evergy, Inc.		2,405		164,358
Eversource Energy		3,605		317,925
Exelon Corp.		10,272		489,255


Company	Shares		U.S. $ Value

FirstEnergy Corp.		5,979	$	274,197
Fortum Oyj		4,443		81,205
HK Electric Investments & HK Electric Investments Ltd. - Class SS^(c)		26,518		25,897
Iberdrola SA		58,272		636,911
Kansai Electric Power Co., Inc. (The)		7,043		66,339
Mercury NZ Ltd.		6,815		27,977
NextEra Energy, Inc.		20,576		1,742,993
NRG Energy, Inc.		2,568		98,508
Origin Energy Ltd.		17,231		80,206
Orsted AS^(c)		1,892		236,824
Pinnacle West Capital Corp.		1,183		92,392
Power Assets Holdings Ltd.		13,878		90,444
PPL Corp.		7,872		224,824
Red Electrica Corp. SA		4,330		88,899
Southern Co. (The)		11,114		805,876
SSE PLC		10,661		243,594
Terna - Rete Elettrica Nazionale^(b)		14,075		120,866
Tokyo Electric Power Co. Holdings, Inc.^(a)		15,272		50,413
Verbund AG		681		71,916
Xcel Energy, Inc.		5,649		407,688

				9,860,815


Gas Utilities – 0.1%
APA Group^(b)		11,803		93,808
Atmos Energy Corp.		1,420		169,676
Enagas SA		2,489		55,272
Hong Kong & China Gas Co., Ltd.		112,002		135,289
Naturgy Energy Group SA		1,939		58,091
Osaka Gas Co., Ltd.		3,751		64,278
Snam SpA^(b)		20,172		116,323
Tokyo Gas Co., Ltd.^(b)		3,749		68,634

				761,371


Independent Power and Renewable Electricity Producers – 0.0%
AES Corp. (The)		6,991		179,879
EDP Renovaveis SA		2,882		74,098
Meridian Energy Ltd.		12,880		44,875
Uniper SE		915		23,638

				322,490


Multi-Utilities – 0.5%
Ameren Corp.		2,701		253,246
CenterPoint Energy, Inc.		6,595		202,071
CMS Energy Corp.		3,039		212,548
Consolidated Edison, Inc.		3,710		351,263
Dominion Energy, Inc.		8,494		721,735
DTE Energy Co.		2,032		268,651
E.ON SE		22,459		260,932
Engie SA		18,271		240,209
National Grid PLC		36,184		556,083
NiSource, Inc.		4,118		130,952
Public Service Enterprise Group, Inc.		5,303		371,210
RWE AG		6,426		279,804
Sempra Energy		3,349		563,034
United Utilities Group PLC		6,821		100,442
Veolia Environnement SA		6,557		210,240
WEC Energy Group, Inc.		3,308		330,171

				5,052,591


Company	Shares		U.S. $ Value

Water Utilities – 0.1%
American Water Works Co., Inc.		1,904	$	315,169
Severn Trent PLC		2,503		100,882

				416,051

				16,413,318


Real Estate – 1.6%
Equity Real Estate Investment Trusts (REITs) – 1.3%
Alexandria Real Estate Equities, Inc.		1,526		307,108
American Tower Corp.		4,776		1,199,827
Ascendas Real Estate Investment Trust		33,572		72,342
AvalonBay Communities, Inc.		1,466		364,110
Boston Properties, Inc.^(b)		1,491		192,041
British Land Co. PLC (The)		8,808		60,985
CapitaLand Integrated Commercial Trust		48,626		80,444
Covivio		520		41,384
Crown Castle International Corp.		4,532		836,607
Daiwa House REIT Investment Corp.		22		59,312
Dexus		10,759		87,822
Digital Realty Trust, Inc.		2,976		421,997
Duke Realty Corp.		3,994		231,892
Equinix, Inc.		944		700,089
Equity Residential		3,584		322,273
Essex Property Trust, Inc.		684		236,308
Extra Space Storage, Inc.		1,404		288,662
Federal Realty Investment Trust		742		90,576
Gecina SA		448		56,461
GLP J-Reit		42		63,819
Goodman Group		16,820		285,881
GPT Group (The)		19,163		73,918
Healthpeak Properties, Inc.		5,655		194,136
Host Hotels & Resorts, Inc.		7,488		145,492
Iron Mountain, Inc.		3,036		168,225
Japan Metropolitan Fund Invest		69		58,222
Japan Real Estate Investment Corp.		12		62,851
Kimco Realty Corp.		6,467		159,735
Klepierre SA^(a)		2,033		54,127
Land Securities Group PLC		7,046		72,291
Link REIT		20,914		178,108
Mapletree Commercial Trust		21,603		30,056
Mapletree Logistics Trust		31,227		42,435
Mid-America Apartment Communities, Inc.		1,209		253,225
Mirvac Group		39,441		73,134
Nippon Building Fund, Inc.		14		79,420
Nippon Prologis REIT, Inc.		20		58,397
Nomura Real Estate Master Fund, Inc.		42		55,520
Orix JREIT, Inc.		26		35,259
Prologis, Inc.		7,760		1,253,085
Public Storage		1,600		624,448
Realty Income Corp.		5,933		411,157
Regency Centers Corp.		1,616		115,286
SBA Communications Corp.		1,141		392,618
Scentre Group		51,923		118,055
Segro PLC		12,029		211,458
Simon Property Group, Inc.		3,446		453,356


Company	Shares			U.S. $ Value

Stockland			23,880	$	75,676
UDR, Inc.			3,136		179,912
Ventas, Inc.			4,186		258,527
Vicinity Centres			38,709		53,715
Vornado Realty Trust			1,667		75,549
Welltower, Inc.			4,565		438,879
Weyerhaeuser Co.			7,837		297,022

					12,753,234


Real Estate Management & Development – 0.3%
Aroundtown SA			9,994		57,109
Azrieli Group Ltd.			424		37,251
Capitaland Investment Ltd./Singapore^(a)			26,395		77,339
CBRE Group, Inc. - Class A^(a)			3,509		321,144
City Developments Ltd.			4,093		23,660
CK Asset Holdings Ltd.			20,047		137,030
Daito Trust Construction Co., Ltd.			654		69,418
Daiwa House Industry Co., Ltd.			5,665		147,679
ESR Cayman Ltd.^{(a) (c)}			19,817		61,411
Fastighets AB Balder - Class B^(a)			1,052		69,264
Hang Lung Properties Ltd.			20,254		40,823
Henderson Land Development Co., Ltd.			14,529		60,310
Hongkong Land Holdings Ltd.			11,533		56,349
Hulic Co., Ltd.^(b)			3,841		34,459
LEG Immobilien SE			728		82,903
Lendlease Corp., Ltd.^(b)			6,890		57,435
Mitsubishi Estate Co., Ltd.			11,832		176,184
Mitsui Fudosan Co., Ltd.			9,175		196,366
New World Development Co., Ltd.			15,105		61,283
Nomura Real Estate Holdings, Inc.			1,186		28,404
Sagax AB			1,611		48,886
Sino Land Co., Ltd.			33,295		42,931
Sumitomo Realty & Development Co., Ltd.			3,095		85,655
Sun Hung Kai Properties Ltd.			13,045		155,203
Swire Pacific Ltd. - Class A			4,980		30,284
Swire Properties Ltd.			11,704		28,923
Swiss Prime Site AG			759		74,856
Unibail-Rodamco-Westfield^(a)			1,247		94,054
UOL Group Ltd.			4,645		24,051
Vonovia SE			7,380		343,985
Wharf Real Estate Investment Co., Ltd.^(b)			16,705		82,560

					2,807,209

					15,560,443

Total Common Stocks (cost $551,140,954)					561,297,399


	Principal Amount (000)

INFLATION-LINKED SECURITIES – 0.7%
Japan – 0.7%
Japanese Government CPI Linked Bond Series 22 0.10%, 03/10/2027 (cost $7,379,496)		JPY	786,683		6,872,713


Company	Notional Amount			U.S. $ Value

OPTIONS PURCHASED - PUTS – 0.1%
Options on Equities indices – 0.1%
Euro STOXX 50 Index Expiration: Apr 2022; Contracts: 632; Exercise Price: EUR 3,750.00; Counterparty: Morgan Stanley & Co., Inc.^(a)		EUR	23,700,000	$	244,353
FTSE 100 Index Expiration: Apr 2022; Contracts: 105; Exercise Price: GBP 7,150.00; Counterparty: Morgan Stanley & Co., Inc.^(a)		GBP	7,507,500		36,552
Nikkei 225 Index Expiration: Apr 2022; Contracts: 68; Exercise Price: JPY 24,500.00; Counterparty: Morgan Stanley & Co., Inc.^(a)		JPY	1,666,000,000		3,910
S&P 500 Index Expiration: Apr 2022; Contracts: 297; Exercise Price: USD 4,340.00; Counterparty: Morgan Stanley & Co., Inc.^(a)		USD	128,898,000		346,005


Total Options Purchased - Puts (premiums paid $2,966,443)					630,820


	Shares

RIGHTS – 0.0%
Utilities – 0.0%
Electric Utilities – 0.0%
Electricite De France SA, expiring 04/01/2022^{(a) (d) (e)} (cost $0)			4,738		1,761


SHORT-TERM INVESTMENTS – 39.6%
Investment Companies – 39.6%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.19%^{(f) (g) (h)} (cost $389,674,308)			389,674,308		389,674,308


Total Investments Before Security Lending Collateral for Securities Loaned – 97.5% (cost $951,161,201)					958,477,001


INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%
Investment Companies – 0.6%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio Class AB, 0.19%^{(f) (g) (h)} (cost $5,714,571)			5,714,571		5,714,571


Total Investments – 98.1% (cost $956,875,772)⁽ⁱ⁾					964,191,572
Other assets less liabilities – 1.9%					18,568,042


Net Assets – 100.0%				$	982,759,614

FUTURES


Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation/ (Depreciation)
Purchased Contracts
10 Yr Canadian Bond Futures		48		June 2022		$	5,012,902		$	(202,819	)
10 Yr Mini Japan Government Bond Futures		215		June 2022			26,474,988			(145,117	)
Euro STOXX 50 Index Futures		153		June 2022			6,470,665			(100,864	)
Euro-BOBL Futures		80		June 2022			11,404,108			(426,231	)
Euro-BTP Futures		151		June 2022			23,103,816			(1,256,373)
Euro-Bund Futures		74		June 2022			12,988,301			(629,449	)
Euro-OAT Futures		191		June 2022			32,013,109			(1,416,006	)
FTSE 100 Index Futures		77		June 2022			7,572,165			(20,014	)
Hang Seng Index Futures		25		April 2022			3,509,057			(2,588	)
Japan 10 Yr Bond (OSE) Futures		83		June 2022			102,062,592			(668,868	)
Long Gilt Futures		309		June 2022			49,209,406			(775,802	)
MSCI EAFE Futures		6		June 2022			643,320			14,438
MSCI Emerging Markets Futures		41		June 2022			2,307,275			104,473
MSCI Singapore IX ETS Futures		12		April 2022			296,470			(1,938	)
OMXS 30 Index Futures		153		April 2022			3,392,804			(79,476	)
S&P 500 E-Mini Futures		18		June 2022			4,077,675			64,529
S&P Mid 400 E-Mini Futures		5		June 2022			1,344,600			51,591
S&P/TSX 60 Index Futures		85		June 2022			17,910,411			197,186
TOPIX Index Futures		6		June 2022			959,340			106,425
U.S. T-Note 5 Yr (CBT) Futures		206		June 2022			23,625,625			(590,907	)
U.S. T-Note 10 Yr (CBT) Futures		925		June 2022			113,659,375			(3,463,043	)
U.S. Ultra Bond (CBT) Futures		58		June 2022			10,273,250			(400,208	)
Sold Contracts
Nikkei 225 (CME) Futures		48		June 2022			6,620,400			163,623
SPI 200 Futures		24		June 2022			3,357,922			(109,795	)

									$	(9,587,233	)

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA		USD	865		CHF	802		04/13/2022		$	3,665
Bank of America, NA		USD	1,053		CHF	960		04/13/2022			(13,761	)
Bank of America, NA		AUD	7,121		USD	5,074		04/28/2022			(255,901	)
Bank of America, NA		USD	10,602		AUD	14,482		04/28/2022			237,581
Bank of America, NA		EUR	17,462		USD	19,431		05/12/2022			89,989
Barclays Bank PLC		KRW	2,504,288		USD	2,067		04/28/2022			6,541
Barclays Bank PLC		EUR	15,062		USD	16,608		05/12/2022			(74,949	)
Citibank, NA		CAD	12,073		USD	9,394		04/22/2022			(261,952)
Deutsche Bank AG		USD	19,354		CAD	24,633		04/22/2022			347,706
Deutsche Bank AG		AUD	13,589		USD	9,863		04/28/2022			(308,808	)
Deutsche Bank AG		JPY	559,587		USD	4,854		04/28/2022			255,023
Deutsche Bank AG		USD	12,907		AUD	17,849		04/28/2022			453,328
Deutsche Bank AG		EUR	8,783		USD	9,679		05/12/2022			(48,834	)
Deutsche Bank AG		USD	32,879		EUR	30,061		05/12/2022			416,028
Deutsche Bank AG		USD	9,866		EUR	8,754		05/12/2022			(170,595	)
Deutsche Bank AG		GBP	10,019		USD	13,216		06/09/2022			58,527
Deutsche Bank AG		USD	930		NOK	8,132		06/17/2022			(7,087	)
HSBC Bank USA		CHF	4,998		USD	5,407		04/13/2022			(2,861	)
HSBC Bank USA		EUR	8,837		USD	10,049		05/12/2022			261,570
HSBC Bank USA		USD	9,730		EUR	8,776		05/12/2022			(10,109	)
Morgan Stanley Capital Services, Inc.		USD	2,108		KRW	2,504,288		04/28/2022			(47,511	)


Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Morgan Stanley Capital Services, Inc.		EUR	52,110		USD	59,224		05/12/2022		$	1,507,211
Standard Chartered Bank		CHF	12,707		USD	13,765		04/13/2022			10,010
Standard Chartered Bank		SGD	1,908		USD	1,416		04/21/2022			8,361
State Street Bank & Trust Co.		AUD	3,783		USD	2,676		04/28/2022			(155,126)
State Street Bank & Trust Co.		JPY	4,157,016		USD	36,148		04/28/2022			1,986,893
UBS AG		USD	2,121		CHF	1,926		04/13/2022			(36,282	)
UBS AG		AUD	5,617		USD	4,012		04/28/2022			(192,549	)
UBS AG		JPY	628,325		USD	5,393		04/28/2022			229,126
UBS AG		GBP	11,727		USD	15,317		06/09/2022			(83,739	)
UBS AG		USD	2,027		GBP	1,548		06/09/2022			6,301
UBS AG		SEK	27,852		USD	2,949		06/17/2022			(19,027	)

										$	4,188,769

PUT OPTIONS WRITTEN


Description	Counterparty	Contracts		Exercise Price			Expiration Month		Notional Amount (000)			Premiums Received		U.S. $ Value
Euro STOXX 50 Index^(j)	Morgan Stanley & Co., Inc.		632		EUR	3,550.00		April 2022		EUR	22,436	$	288,439	$	(88,093	)
FTSE 100 Index^(j)	Morgan Stanley & Co., Inc.		105		GBP	6,750.00		April 2022		GBP	7,088		50,375		(12,069	)
Nikkei 225 Index^(k)	Morgan Stanley & Co., Inc.		68		JPY	23,375.00		April 2022		JPY	1,589,500		163,630		(23,181	)
S&P 500 Index^(l)	Morgan Stanley & Co., Inc.		297		USD	4,110.00		April 2022		USD	122,067		819,497		(106,920	)

												$	1,321,941	$	(230,263	)

VARIANCE SWAPS


Swap Counterparty & Referenced Obligation	Volatility Strike Rate			Payment Frequency	Notional Amount (000)			Market Value	Upfront Premiums (Paid)/ Received		Unrealized Appreciation/ (Depreciation)
Buy Contracts
Citibank, NA
USD/JPY 04/19/2022*		6.85	%	Maturity		USD	343	$ (24,198)	$	—	$	(24,198	)

*	Termination date

(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 $2,612,822 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 $59,366,157 and gross unrealized depreciation of investments was $(56,381,341), resulting in net unrealized appreciation of $2,984,816.

(j)

One contract relates to 10 shares.

(k)

One contract relates to 1000 shares.

(l)

One contract relates to 100 shares.

Currency Abbreviations:

AUD – Australian Dollar

CAD – Canadian Dollar

CHF – Swiss Franc

EUR – Euro

GBP – Great British Pound

JPY – Japanese Yen

KRW – South Korean Won

NOK – Norwegian Krone

SEK – Swedish Krona

SGD – Singapore Dollar

USD – United States Dollar

Glossary:

ADR – American Depositary Receipt

BOBL – Bundesobligationen

BTP – Buoni del Tesoro Poliennali

CBT – Chicago Board of Trade

CME – Chicago Mercantile Exchange

CPI – Consumer Price Index

EAFE – Europe, Australia, and Far East

ETS – Emission Trading Scheme

FTSE – Financial Times Stock Exchange

GDR – Global Depositary Receipt

MSCI – Morgan Stanley Capital International

OAT – Obligations Assimilables du Trésor

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

March 31, 2022 (unaudited)


41.9	%	United States
4.4	%	Japan
2.6	%	United Kingdom
1.8	%	France
1.7	%	Switzerland
1.4	%	Australia
1.4	%	Germany
0.7	%	Netherlands
0.6	%	Sweden
0.4	%	Denmark
0.4	%	Hong Kong
0.4	%	Spain
0.3	%	Italy
1.3	%	Other
40.7	%	Short-Term

100.0	%	Total Investments

All data are as of March 31, 2022. The Portfolio’s country breakdown is expressed as a percentage of total investments (excluding security lending collateral) and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” country weightings represent 0.2% 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.

AB Variable Products Series Fund, Inc.

AB Global Risk Allocation-Moderate 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.

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	$	112,773,215		$	13,519,436		$	—	$	126,292,651
Health Care		54,867,825			20,689,457			—		75,557,282
Financials		44,598,576			28,259,956			—		72,858,532
Consumer Discretionary		48,287,633			18,370,311			—		66,657,944
Industrials		31,814,008			24,123,105			—		55,937,113
Communication Services		38,222,900			7,195,236			—		45,418,136
Consumer Staples		24,701,268			16,030,654			—		40,731,922
Materials		10,501,616			13,253,376			—		23,754,992
Energy		15,547,374			6,567,692			—		22,115,066
Utilities		11,113,594			5,299,724			—		16,413,318
Real Estate		11,027,340			4,533,103			—		15,560,443
Inflation-Linked Securities		—			6,872,713			—		6,872,713
Options Purchased - Puts		—			630,820			—		630,820
Rights		—			—			1,761		1,761
Short-Term Investments		389,674,308			—			—		389,674,308
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		5,714,571			—			—		5,714,571

Total Investments in Securities		798,844,228			165,345,583			1,761		964,191,572
Other Financial Instruments^(a):
Assets:
Futures		702,265			—			—		702,265
Forward Currency Exchange Contracts		—			5,877,860			—		5,877,860
Liabilities:
Futures		(10,289,498	)		—			—		(10,289,498	)
Forward Currency Exchange Contracts		—			(1,689,091	)		—		(1,689,091	)
Put Options Written		—			(230,263	)		—		(230,263	)
Variance Swaps		—			(24,198	)		—		(24,198	)

Total	$	789,256,995		$	169,279,891		$	1,761	$	958,538,647

^(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.

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	$	443,533	$	19,003	$	72,862	$	389,674	$	38
Government Money Market Portfolio*		3,248		5,824		3,357		5,715		0	**
Total	$	446,781	$	24,827	$	76,219	$	395,389	$	38

*	Investments of cash collateral for securities lending transactions.

**	Amount less than $500.