AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

Portfolio of Investments

March 31, 2023 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 60.5%
Information Technology – 12.4%
Communications Equipment – 0.4%
Arista Networks, Inc.(a)		673	$	112,970
Cisco Systems, Inc.		11,301		590,760
F5, Inc.(a)		166		24,184
Juniper Networks, Inc.		892		30,703
Motorola Solutions, Inc.		460		131,620
Nokia Oyj		14,886		73,074
Telefonaktiebolaget LM Ericsson - Class B		8,029		47,064
				1,010,375
Electronic Equipment, Instruments & Components – 0.6%
Amphenol Corp. - Class A		1,637		133,776
Arrow Electronics, Inc.(a)		169		21,103
Azbil Corp.		299		8,189
CDW Corp./DE		373		72,694
Cognex Corp.		476		23,586
Corning, Inc.		2,210		77,969
Halma PLC		1,044		28,821
Hamamatsu Photonics KK		349		18,826
Hexagon AB - Class B		5,354		61,621
Hirose Electric Co., Ltd.		89		11,644
Ibiden Co., Ltd.(b)		241		9,665
Keyence Corp.		624		305,828
Keysight Technologies, Inc.(a)		491		79,287
Kyocera Corp.		859		44,810
Murata Manufacturing Co., Ltd.		1,617		98,548
Omron Corp.		553		32,365
Shimadzu Corp.(b)		578		18,145
TDK Corp.		1,062		38,122
TE Connectivity Ltd.		873		114,494
Teledyne Technologies, Inc.(a)		129		57,709
Trimble, Inc.(a)		678		35,541
Venture Corp. Ltd.		462		6,149
Yaskawa Electric Corp.		638		27,983
Yokogawa Electric Corp.		534		8,695
Zebra Technologies Corp. - Class A(a)		142		45,156
				1,380,726
IT Services – 0.8%
Accenture PLC - Class A		1,734		495,594
Akamai Technologies, Inc.(a)		433		33,904
Bechtle AG		225		10,775
Capgemini SE		451		83,812
CGI, Inc.(a)		582		56,090
Cognizant Technology Solutions Corp. - Class A		1,414		86,155
EPAM Systems, Inc.(a)		159		47,541
Fujitsu Ltd.		551		74,457
Gartner, Inc.(a)		218		71,018
GoDaddy, Inc. - Class A(a)		427		33,186
International Business Machines Corp.		2,487		326,021
Itochu Techno-Solutions Corp.		255		6,283
MongoDB, Inc.(a)		189		44,060
NEC Corp.		609		23,510

1

Company	Shares		U.S. $ Value
Nomura Research Institute Ltd.		1,054	$	24,651
NTT Data Corp.		1,722		22,638
Obic Co., Ltd.		221		35,005
Okta, Inc.(a)		418		36,048
Otsuka Corp.		230		8,168
SCSK Corp.		392		5,740
Shopify, Inc. - Class A(a)		3,274		156,978
Snowflake, Inc. - Class A(a)		617		95,197
TIS, Inc.		594		15,709
Twilio, Inc. - Class A(a)		480		31,982
VeriSign, Inc.(a)		263		55,580
Wix.com Ltd.(a)		158		15,768
				1,895,870
Semiconductors & Semiconductor Equipment – 3.2%
Advanced Micro Devices, Inc.(a)		4,436		434,772
Advantest Corp.		477		44,221
Analog Devices, Inc.		1,401		276,305
Applied Materials, Inc.		2,367		290,739
ASM International NV		129		52,361
ASML Holding NV		1,109		755,726
Broadcom, Inc.		1,148		736,488
Disco Corp.		468		54,443
Enphase Energy, Inc.(a)		374		78,645
Entegris, Inc.		410		33,624
Infineon Technologies AG		3,592		147,506
Intel Corp.		11,353		370,903
KLA Corp.		390		155,676
Lam Research Corp.		376		199,325
Lasertec Corp.(b)		271		48,151
Marvell Technology, Inc.		2,345		101,539
Microchip Technology, Inc.		1,513		126,759
Micron Technology, Inc.		2,991		180,477
Monolithic Power Systems, Inc.		123		61,566
NVIDIA Corp.		6,768		1,879,947
NXP Semiconductors NV		713		132,957
ON Semiconductor Corp.(a)		1,190		97,961
Qorvo, Inc.(a)		279		28,338
QUALCOMM, Inc.		3,065		391,033
Renesas Electronics Corp.(a)		3,217		46,585
Rohm Co., Ltd.		279		23,254
Skyworks Solutions, Inc.		441		52,029
SolarEdge Technologies, Inc.(a)		154		46,808
STMicroelectronics NV		1,880		100,173
SUMCO Corp.		934		14,051
Teradyne, Inc.		429		46,122
Texas Instruments, Inc.		2,497		464,467
Tokyo Electron Ltd.(b)		1,290		157,594
Tower Semiconductor Ltd.(a)		300		12,788
Wolfspeed, Inc.(a) (b)		342		22,213
				7,665,546
Software – 4.3%
Adobe, Inc.(a)		1,279		492,888
ANSYS, Inc.(a)		240		79,872

2

Company	Shares		U.S. $ Value
Aspen Technology, Inc.(a)		80	$	18,310
Atlassian Corp. - Class A(a)		411		70,351
Autodesk, Inc.(a)		594		123,647
Bentley Systems, Inc. - Class B		533		22,914
BILL Holdings, Inc.(a)		259		21,015
Black Knight, Inc.		429		24,693
Cadence Design Systems, Inc.(a)		755		158,618
Ceridian HCM Holding, Inc.(a)		380		27,824
Check Point Software Technologies Ltd.(a)		276		35,880
Cloudflare, Inc. - Class A(a)		705		43,470
Coinbase Global, Inc. - Class A(a)		344		23,244
Constellation Software, Inc./Canada		56		105,284
Crowdstrike Holdings, Inc. - Class A(a)		562		77,140
CyberArk Software Ltd.(a)		112		16,574
Dassault Systemes SE		1,833		75,613
Datadog, Inc. - Class A(a)		683		49,627
Descartes Systems Group, Inc. (The)(a)		233		18,805
DocuSign, Inc.(a)		552		32,182
Dropbox, Inc. - Class A(a)		757		16,366
Fair Isaac Corp.(a)		69		48,486
Fortinet, Inc.(a)		1,827		121,422
Gen Digital, Inc.		1,612		27,662
HubSpot, Inc.(a)		127		54,451
Intuit, Inc.		735		327,685
Microsoft Corp.		19,482		5,616,661
Nemetschek SE		159		10,976
Nice Ltd.(a)		175		39,865
Open Text Corp.		743		28,659
Oracle Corp.		4,450		413,494
Oracle Corp. Japan		142		10,255
Palantir Technologies, Inc. - Class A(a)		4,628		39,107
Palo Alto Networks, Inc.(a)		832		166,184
Paycom Software, Inc.(a)		141		42,865
Paylocity Holding Corp.(a)		115		22,860
PTC, Inc.(a)		307		39,367
Roper Technologies, Inc.		292		128,681
Sage Group PLC (The)		2,804		26,908
Salesforce, Inc.(a)		2,751		549,595
SAP SE		2,873		362,775
ServiceNow, Inc.(a)		557		258,849
Splunk, Inc.(a)		448		42,954
Synopsys, Inc.(a)		421		162,611
Temenos AG (REG)		175		12,178
Trend Micro, Inc./Japan		389		19,084
Tyler Technologies, Inc.(a)		115		40,784
Unity Software, Inc.(a)		682		22,124
VMware, Inc. - Class A(a)		584		72,912
WiseTech Global Ltd.		405		17,842
Workday, Inc. - Class A		553		114,217
Xero Ltd.(a)		372		22,562
Zoom Video Communications, Inc. - Class A(a)		608		44,895

3

Company	Shares		U.S. $ Value
Zscaler, Inc.(a)		238	$	27,805
				10,471,092
Technology Hardware, Storage & Peripherals – 3.1%
Apple, Inc.		43,762		7,216,354
Brother Industries Ltd.		585		8,813
Canon, Inc.		2,711		60,374
Dell Technologies, Inc. - Class C		713		28,670
FUJIFILM Holdings Corp.		1,009		51,220
Hewlett Packard Enterprise Co.		3,539		56,376
HP, Inc.		2,767		81,211
Logitech International SA (REG)		476		27,782
NetApp, Inc.		598		38,182
Ricoh Co., Ltd.		1,472		11,042
Seagate Technology Holdings PLC		540		35,705
Seiko Epson Corp.(b)		692		9,887
Western Digital Corp.(a)		874		32,924
				7,658,540
				30,082,149
Financials – 9.0%
Banks – 3.3%
ABN AMRO Bank NV(c)		1,111		17,618
AIB Group PLC		2,941		11,904
ANZ Group Holdings Ltd.		8,228		126,794
Banco Bilbao Vizcaya Argentaria SA(b)		16,588		118,594
Banco Santander SA		46,199		172,160
Bank Hapoalim BM		3,493		29,071
Bank Leumi Le-Israel BM		4,246		32,120
Bank of America Corp.		19,862		568,053
Bank of Ireland Group PLC		2,944		29,788
Bank of Montreal(b)		1,863		165,940
Bank of Nova Scotia (The)		3,277		165,050
Banque Cantonale Vaudoise (REG)		83		7,832
Barclays PLC		43,616		78,505
BNP Paribas Emissions- und Handelsgesellschaft mbH		10,251		121,734
BNP Paribas SA		3,056		182,497
BOC Hong Kong Holdings Ltd.		10,031		31,229
CaixaBank SA		12,195		47,584
Canadian Imperial Bank of Commerce(b)		2,492		105,673
Chiba Bank Ltd. (The)		1,414		9,126
Citigroup, Inc.		5,328		249,830
Citizens Financial Group, Inc.		1,355		41,151
Commerzbank AG(a)		2,928		30,827
Commonwealth Bank of Australia(b)		4,662		307,811
Concordia Financial Group Ltd.(b)		2,921		10,767
Credit Agricole SA		3,347		37,758
Danske Bank A/S(a)		1,897		38,165
DBS Group Holdings Ltd.		4,175		103,798
DNB Bank ASA		2,558		45,777
Erste Group Bank AG		946		31,340
Fifth Third Bancorp		1,888		50,296
FinecoBank Banca Fineco SpA		1,678		25,709
First Citizens BancShares, Inc./NC - Class A		30		29,193
First Horizon Corp.		1,476		26,243

4

Company	Shares		U.S. $ Value
First International Bank of Israel Ltd.		151	$	5,345
First Republic Bank/CA(b)		503		7,037
Hang Seng Bank Ltd.		1,305		18,551
HSBC Holdings PLC		54,930		373,331
Huntington Bancshares, Inc./OH		3,968		44,442
Intesa Sanpaolo SpA		44,401		113,953
Israel Discount Bank Ltd. - Class A		3,402		16,711
Japan Post Bank Co., Ltd.(b)		1,118		9,131
JPMorgan Chase & Co.		8,069		1,051,471
KBC Group NV		688		47,273
KeyCorp		2,566		32,126
Lloyds Banking Group PLC		185,077		108,816
M&T Bank Corp.		475		56,796
Mediobanca Banca di Credito Finanziario SpA		1,633		16,410
Mitsubishi UFJ Financial Group, Inc.		32,787		210,121
Mizrahi Tefahot Bank Ltd.		424		13,292
Mizuho Financial Group, Inc.		6,554		92,854
National Australia Bank Ltd.(b)		8,672		161,588
National Bank of Canada		926		66,235
NatWest Group PLC		14,620		47,705
Nordea Bank Abp (Stockholm)		9,100		97,173
Oversea-Chinese Banking Corp., Ltd.		8,327		77,623
PNC Financial Services Group, Inc. (The)		1,110		141,081
Regions Financial Corp.		2,570		47,699
Resona Holdings, Inc.		5,922		28,569
Royal Bank of Canada		3,804		363,794
Shizuoka Financial Group, Inc.		1,194		8,574
Skandinaviska Enskilda Banken AB - Class A(a)		4,445		49,065
Societe Generale SA		2,221		50,042
Standard Chartered PLC		6,768		51,295
Sumitomo Mitsui Financial Group, Inc.(b)		3,533		141,382
Sumitomo Mitsui Trust Holdings, Inc.(b)		917		31,504
Svenska Handelsbanken AB - Class A		4,012		34,747
Swedbank AB - Class A		2,491		40,964
Toronto-Dominion Bank (The)		4,988		298,763
Truist Financial Corp.		3,650		124,465
UniCredit SpA		5,284		99,592
United Overseas Bank Ltd.		2,692		60,379
US Bancorp		3,883		139,982
Webster Financial Corp.		479		18,882
Wells Fargo & Co.		10,482		391,817
Westpac Banking Corp.		9,631		140,224
				7,980,741
Capital Markets – 1.8%
3i Group PLC		2,677		55,798
Abrdn PLC		5,579		14,042
Ameriprise Financial, Inc.		293		89,804
Amundi SA(c)		168		10,586
Ares Management Corp. - Class A		429		35,796
ASX Ltd.(b)		532		23,233
Bank of New York Mellon Corp. (The)		2,112		95,969
BlackRock, Inc.		414		277,016
Blackstone, Inc.		1,931		169,619
Brookfield Asset Management Ltd. - Class A (Canada)		973		31,872
Brookfield Corp. (Canada)		3,896		126,926
Carlyle Group, Inc. (The)		550		17,083

5

Company	Shares		U.S. $ Value
Cboe Global Markets, Inc.		292	$	39,198
Charles Schwab Corp. (The)		3,996		209,310
CME Group, Inc.		990		189,605
Credit Suisse Group AG (REG)		9,908		8,898
Daiwa Securities Group, Inc.(b)		3,663		17,196
Deutsche Bank AG (REG)		5,685		57,812
Deutsche Boerse AG		523		101,833
EQT AB(b)		977		19,958
Euronext NV(c)		236		18,072
FactSet Research Systems, Inc.		105		43,584
Franklin Resources, Inc.		824		22,199
Futu Holdings Ltd. (ADR)(a) (b)		150		7,777
Goldman Sachs Group, Inc. (The)		926		302,904
Hargreaves Lansdown PLC		978		9,689
Hong Kong Exchanges & Clearing Ltd.		2,590		114,801
IGM Financial, Inc.(b)		228		6,814
Intercontinental Exchange, Inc.		1,537		160,294
Invesco Ltd.		938		15,383
Japan Exchange Group, Inc.(b)		1,288		19,698
Julius Baer Group Ltd.		588		40,165
KKR & Co., Inc.		1,540		80,881
London Stock Exchange Group PLC		901		87,514
LPL Financial Holdings, Inc.		219		44,326
Macquarie Group Ltd.		1,010		119,584
MarketAxess Holdings, Inc.		104		40,694
Moody’s Corp.		454		138,933
Morgan Stanley		3,487		306,159
MSCI, Inc.		220		123,132
Nasdaq, Inc.		946		51,718
Nomura Holdings, Inc.		7,921		30,538
Northern Trust Corp.		545		48,031
Onex Corp.		194		9,069
Partners Group Holding AG		63		59,328
Raymond James Financial, Inc.		533		49,713
S&P Global, Inc.		916		315,809
SBI Holdings, Inc./Japan(b)		595		11,817
Schroders PLC		2,439		13,908
SEI Investments Co.		315		18,128
Singapore Exchange Ltd.		1,635		11,578
St. James’s Place PLC		1,497		22,463
State Street Corp.		1,010		76,447
T. Rowe Price Group, Inc.		615		69,433
TMX Group Ltd.		153		15,453
Tradeweb Markets, Inc. - Class A		306		24,180
UBS Group AG (REG)		9,211		194,912
				4,316,682
Consumer Finance – 0.2%
Ally Financial, Inc.		821		20,927
American Express Co.		1,748		288,333
Capital One Financial Corp.		1,050		100,968
Discover Financial Services		752		74,328
Synchrony Financial		1,239		36,030
				520,586
Financial Services – 1.8%
Adyen NV(a) (c)		60		95,606
Apollo Global Management, Inc.		1,102		69,602

6

Company	Shares		U.S. $ Value
Berkshire Hathaway, Inc. - Class B(a)		3,582	$	1,106,014
Block, Inc.(a)		1,479		101,533
Edenred		687		40,660
Element Fleet Management Corp.		1,081		14,197
Equitable Holdings, Inc.		1,018		25,847
Eurazeo SE		120		8,542
EXOR NV(a)		298		24,573
Fidelity National Information Services, Inc.		1,632		88,666
Fiserv, Inc.(a)		1,660		187,630
FleetCor Technologies, Inc.(a)		193		40,694
Global Payments, Inc.		744		78,299
GMO Payment Gateway, Inc.		164		14,199
Groupe Bruxelles Lambert NV		274		23,383
Industrivarden AB - Class A		358		9,676
Industrivarden AB - Class C		423		11,406
Investor AB - Class A		1,371		27,975
Investor AB - Class B		5,011		99,822
Jack Henry & Associates, Inc.		201		30,295
Kinnevik AB - Class B(a)		667		9,974
L E Lundbergforetagen AB - Class B		209		9,465
M&G PLC		6,135		15,037
Mastercard, Inc. - Class A		2,362		858,374
Mitsubishi HC Capital, Inc.		1,723		8,897
Nexi SpA(a) (c)		1,623		13,190
Nuvei Corp.(a) (c)		179		7,798
ORIX Corp.		3,231		53,273
PayPal Holdings, Inc.(a)		2,979		226,225
Sofina SA(b)		43		9,658
Toast, Inc. - Class A(a)		689		12,230
Visa, Inc. - Class A		4,479		1,009,835
Wendel SE		74		7,825
Worldline SA/France(a) (c)		658		27,964
				4,368,364
Insurance – 1.9%
Admiral Group PLC		499		12,530
Aegon NV		4,932		21,174
Aflac, Inc.		1,625		104,845
Ageas SA/NV		443		19,163
AIA Group Ltd.		31,637		331,788
Allianz SE (REG)		1,110		256,228
Allstate Corp. (The)		730		80,891
American Financial Group, Inc./OH		199		24,179
American International Group, Inc.		2,044		102,936
Aon PLC - Class A		569		179,400
Arch Capital Group Ltd.(a)		1,018		69,092
Arthur J Gallagher & Co.		580		110,960
Assicurazioni Generali SpA		3,055		60,870
Assurant, Inc.		146		17,530
Aviva PLC		7,711		38,517
AXA SA		5,174		157,898
Baloise Holding AG (REG)		126		19,620
Brown & Brown, Inc.		662		38,012
Chubb Ltd.		1,142		221,754
Cincinnati Financial Corp.		411		46,065
Dai-ichi Life Holdings, Inc.(b)		2,613		48,036
Erie Indemnity Co. - Class A		70		16,216

7

Company	Shares		U.S. $ Value
Everest Re Group Ltd.		108	$	38,666
Fairfax Financial Holdings Ltd.		63		41,899
Fidelity National Financial, Inc.		711		24,835
Gjensidige Forsikring ASA		550		8,994
Globe Life, Inc.		254		27,945
Great-West Lifeco, Inc.(b)		769		20,381
Hannover Rueck SE		166		32,466
Hartford Financial Services Group, Inc. (The)		875		60,979
iA Financial Corp., Inc.		290		18,381
Insurance Australia Group Ltd.		6,781		21,345
Intact Financial Corp.		482		68,981
Japan Post Holdings Co., Ltd.		6,467		52,486
Japan Post Insurance Co., Ltd.		492		7,668
Legal & General Group PLC		16,430		48,593
Loews Corp.		555		32,201
Manulife Financial Corp.(b)		5,181		95,071
Markel Corp.(a)		37		47,264
Marsh & McLennan Cos., Inc.		1,365		227,341
Medibank Pvt Ltd.(b)		7,576		17,097
MetLife, Inc.		1,835		106,320
MS&AD Insurance Group Holdings, Inc.		1,092		33,842
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (REG)		386		134,959
NN Group NV		767		27,850
Phoenix Group Holdings PLC		2,063		13,939
Poste Italiane SpA(c)		1,437		14,654
Power Corp. of Canada		1,516		38,744
Principal Financial Group, Inc.		673		50,017
Progressive Corp. (The)		1,610		230,327
Prudential Financial, Inc.		1,013		83,816
Prudential PLC		7,563		103,550
QBE Insurance Group Ltd.		4,084		39,984
Sampo Oyj - Class A		1,320		62,284
Sompo Holdings, Inc.		822		32,572
Sun Life Financial, Inc.(b)		1,613		75,357
Suncorp Group Ltd.		3,477		28,251
Swiss Life Holding AG (REG)		85		52,454
Swiss Re AG		830		85,269
T&D Holdings, Inc.(b)		1,396		17,302
Tokio Marine Holdings, Inc.		5,012		96,456
Travelers Cos., Inc. (The)		645		110,559
Tryg A/S		990		21,647
Willis Towers Watson PLC		298		69,249
WR Berkley Corp.		584		36,360
Zurich Insurance Group AG		414		198,388
				4,634,447
Mortgage Real Estate Investment Trusts (REITs) – 0.0%
Annaly Capital Management, Inc.		1,287		24,595
				21,845,415
Health Care – 8.1%
Biotechnology – 1.2%
AbbVie, Inc.		4,865		775,335
Alnylam Pharmaceuticals, Inc.(a)		339		67,908
Amgen, Inc.		1,468		354,889
Argenx SE(a)		153		56,532

8

Company	Shares		U.S. $ Value
Biogen, Inc.(a)		397	$	110,378
BioMarin Pharmaceutical, Inc.(a)		511		49,690
CSL Ltd.		1,327		257,001
Exact Sciences Corp.(a)		489		33,159
Genmab A/S(a)		182		68,797
Gilead Sciences, Inc.		3,450		286,246
Grifols SA(a) (b)		820		8,117
Horizon Therapeutics PLC(a)		592		64,611
Incyte Corp.(a)		520		37,580
Moderna, Inc.(a)		899		138,068
Neurocrine Biosciences, Inc.(a)		265		26,823
Regeneron Pharmaceuticals, Inc.(a)		295		242,393
Seagen, Inc.(a)		383		77,546
Swedish Orphan Biovitrum AB(a)		468		10,905
United Therapeutics Corp.(a)		126		28,219
Vertex Pharmaceuticals, Inc.(a)		707		222,754
				2,916,951
Health Care Equipment & Supplies – 1.5%
Abbott Laboratories		4,797		485,744
Alcon, Inc.		1,375		97,608
Align Technology, Inc.(a)		205		68,499
Asahi Intecc Co., Ltd.(b)		541		9,559
Avantor, Inc.(a)		1,854		39,194
Baxter International, Inc.		1,387		56,257
Becton Dickinson and Co.		780		193,081
BioMerieux		115		12,123
Boston Scientific Corp.(a)		3,940		197,118
Carl Zeiss Meditec AG		111		15,461
Cochlear Ltd.(b)		181		28,815
Coloplast A/S - Class B		327		43,055
Cooper Cos., Inc. (The)		136		50,777
Demant A/S(a)		253		8,882
DENTSPLY SIRONA, Inc.		591		23,215
Dexcom, Inc.(a)		1,063		123,499
DiaSorin SpA		70		7,377
Edwards Lifesciences Corp.(a)		1,701		140,724
EssilorLuxottica SA		800		144,258
Fisher & Paykel Healthcare Corp., Ltd.		1,588		26,547
GE Healthcare, Inc.(a)		1,001		82,112
Getinge AB - Class B		629		15,340
Hologic, Inc.(a)		676		54,553
Hoya Corp.		1,048		115,817
IDEXX Laboratories, Inc.(a)		228		114,018
Insulet Corp.(a)		191		60,921
Intuitive Surgical, Inc.(a)		973		248,572
Koninklijke Philips NV		2,446		44,925
Masimo Corp.(a)		138		25,467
Medtronic PLC		3,659		294,989
Novocure Ltd.(a)		260		15,636
Olympus Corp.		3,280		57,606
ResMed, Inc.		403		88,253
Siemens Healthineers AG(c)		776		44,738

9

Company	Shares		U.S. $ Value
Smith & Nephew PLC		2,395	$	33,292
Sonova Holding AG (REG)		143		42,183
STERIS PLC		275		52,602
Straumann Holding AG (REG)		307		46,045
Stryker Corp.		937		267,485
Sysmex Corp.		491		32,225
Teleflex, Inc.		129		32,677
Terumo Corp.		1,751		47,356
Zimmer Biomet Holdings, Inc.		578		74,678
				3,663,283
Health Care Providers & Services – 1.3%
AmerisourceBergen Corp.		425		68,047
Amplifon SpA		342		11,854
Cardinal Health, Inc.		721		54,435
Centene Corp.(a)		1,558		98,481
Cigna Group (The)		837		213,879
CVS Health Corp.		3,615		268,631
DaVita, Inc.(a)		149		12,085
EBOS Group Ltd.		445		12,967
Elevance Health, Inc.		657		302,095
Fresenius Medical Care AG & Co. KGaA		565		23,981
Fresenius SE & Co. KGaA		1,162		31,378
HCA Healthcare, Inc.		584		153,989
Henry Schein, Inc.(a)		373		30,414
Humana, Inc.		349		169,426
Laboratory Corp. of America Holdings		244		55,978
McKesson Corp.		390		138,859
Molina Healthcare, Inc.(a)		161		43,066
Quest Diagnostics, Inc.		314		44,425
Ramsay Health Care Ltd.(b)		504		22,520
Sonic Healthcare Ltd.		1,250		29,304
UnitedHealth Group, Inc.		2,571		1,215,029
Universal Health Services, Inc. - Class B		177		22,497
				3,023,340
Health Care Technology – 0.0%
M3, Inc.		1,130		28,441
Veeva Systems, Inc. - Class A(a)		387		71,127
				99,568
Life Sciences Tools & Services – 0.8%
Agilent Technologies, Inc.		812		112,332
Bachem Holding AG (REG)		91		9,151
Bio-Rad Laboratories, Inc. - Class A(a)		62		29,699
Bio-Techne Corp.		432		32,050
Charles River Laboratories International, Inc.(a)		140		28,255
Danaher Corp.		1,903		479,632
Eurofins Scientific SE		371		24,842
Illumina, Inc.(a)		433		100,694
IQVIA Holdings, Inc.(a)		511		101,633
Lonza Group AG (REG)		205		123,410
Mettler-Toledo International, Inc.(a)		62		94,873
PerkinElmer, Inc.		348		46,375
QIAGEN NV(a)		626		28,512
Repligen Corp.(a)		145		24,412

10

Company	Shares		U.S. $ Value
Sartorius AG (Preference Shares)		67	$	28,238
Sartorius Stedim Biotech		76		23,317
Thermo Fisher Scientific, Inc.		1,079		621,903
Waters Corp.(a)		164		50,779
West Pharmaceutical Services, Inc.		204		70,680
				2,030,787
Pharmaceuticals – 3.3%
Astellas Pharma, Inc.		4,985		70,824
AstraZeneca PLC		4,263		590,657
Bayer AG (REG)		2,703		172,672
Bristol-Myers Squibb Co.		5,849		405,394
Catalent, Inc.(a)		470		30,884
Chugai Pharmaceutical Co., Ltd.		1,783		44,027
Daiichi Sankyo Co., Ltd.		4,758		173,561
Eisai Co., Ltd.		645		36,636
Elanco Animal Health, Inc.(a)		1,174		11,036
Eli Lilly & Co.		2,222		763,079
GSK PLC		11,189		197,702
Hikma Pharmaceuticals PLC		454		9,410
Ipsen SA		104		11,452
Jazz Pharmaceuticals PLC(a)		174		25,461
Johnson & Johnson		7,193		1,114,915
Kyowa Kirin Co., Ltd.		705		15,391
Merck & Co., Inc.		6,975		742,070
Merck KGaA		356		66,371
Nippon Shinyaku Co., Ltd.		106		4,677
Novartis AG (REG)		5,930		544,484
Novo Nordisk A/S - Class B		4,554		723,272
Ono Pharmaceutical Co., Ltd.		994		20,713
Orion Oyj - Class B		294		13,141
Otsuka Holdings Co., Ltd.		978		31,051
Pfizer, Inc.		15,442		630,034
Recordati Industria Chimica e Farmaceutica SpA		287		12,140
Roche Holding AG (BR)		74		22,236
Roche Holding AG (Genusschein)		1,933		552,340
Royalty Pharma PLC - Class A		970		34,949
Sanofi		3,138		340,406
Shionogi & Co., Ltd.		759		34,235
Takeda Pharmaceutical Co., Ltd.		4,043		132,786
Teva Pharmaceutical Industries Ltd. (Sponsored ADR)(a)		3,055		27,037
UCB SA		348		31,103
Viatris, Inc.		3,335		32,083
Zoetis, Inc.		1,282		213,376
				7,881,605
				19,615,534
Industrials – 6.6%
Aerospace & Defense – 1.0%
Airbus SE		1,626		217,181
Axon Enterprise, Inc.(a)		186		41,822
BAE Systems PLC		8,497		102,781
Boeing Co. (The)(a)		1,558		330,966
CAE, Inc.(a)		874		19,763
Dassault Aviation SA		69		13,650
Elbit Systems Ltd.		74		12,603

11

Company	Shares		U.S. $ Value
General Dynamics Corp.		642	$	146,511
HEICO Corp.		120		20,525
HEICO Corp. - Class A		204		27,723
Howmet Aerospace, Inc.		1,024		43,387
Huntington Ingalls Industries, Inc.		110		22,772
Kongsberg Gruppen ASA		244		9,863
L3Harris Technologies, Inc.		524		102,830
Lockheed Martin Corp.		649		306,802
MTU Aero Engines AG		147		36,785
Northrop Grumman Corp.		403		186,073
Raytheon Technologies Corp.		4,044		396,029
Rheinmetall AG		120		35,550
Rolls-Royce Holdings PLC(a)		23,018		42,396
Safran SA		941		139,302
Singapore Technologies Engineering Ltd.		3,908		10,758
Textron, Inc.		574		40,542
Thales SA		294		43,467
TransDigm Group, Inc.		143		105,398
				2,455,479
Air Freight & Logistics – 0.4%
CH Robinson Worldwide, Inc.		324		32,196
Deutsche Post AG (REG)		2,727		127,721
DSV A/S		515		99,857
Expeditors International of Washington, Inc.		438		48,233
FedEx Corp.		680		155,373
Kuehne & Nagel International AG (REG)		150		44,675
Nippon Express Holdings, Inc.		241		14,542
SG Holdings Co., Ltd.		752		11,151
United Parcel Service, Inc. - Class B		2,008		389,532
Yamato Holdings Co., Ltd.(b)		696		11,947
				935,227
Building Products – 0.4%
A O Smith Corp.		349		24,133
AGC, Inc.		522		19,461
Allegion PLC		242		25,829
Assa Abloy AB - Class B		2,757		66,037
Carlisle Cos., Inc.		143		32,328
Carrier Global Corp.		2,300		105,225
Cie de Saint-Gobain		1,348		76,625
Daikin Industries Ltd.(b)		719		128,993
Fortune Brands Innovations, Inc.		353		20,732
Geberit AG (REG)		99		55,286
Johnson Controls International PLC		1,889		113,756
Kingspan Group PLC		425		29,123
Lennox International, Inc.		88		22,113
Lixil Corp.		772		12,743
Masco Corp.		620		30,826
Nibe Industrier AB - Class B		4,168		47,512
Otis Worldwide Corp.		1,146		96,722
Owens Corning		257		24,621
ROCKWOOL A/S - Class B		25		6,130
TOTO Ltd.		361		12,095
Xinyi Glass Holdings Ltd.		4,186		7,488
				957,778

12

Company	Shares		U.S. $ Value
Commercial Services & Supplies – 0.3%
Brambles Ltd.		3,820	$	34,442
Cintas Corp.		252		116,595
Copart, Inc.(a)		1,179		88,673
Dai Nippon Printing Co., Ltd.(b)		566		15,847
GFL Environmental, Inc.		500		17,240
Rentokil Initial PLC		6,932		50,663
Republic Services, Inc.		609		82,349
Ritchie Bros Auctioneers, Inc.		305		17,160
Rollins, Inc.		609		22,856
Secom Co., Ltd.		570		35,128
Securitas AB - Class B		1,353		12,036
TOPPAN, Inc.		636		12,817
Waste Connections, Inc.		708		98,461
Waste Management, Inc.		1,129		184,219
				788,486
Construction & Engineering – 0.2%
ACS Actividades de Construccion y Servicios SA		596		18,982
AECOM		363		30,608
Bouygues SA		618		20,843
Eiffage SA		229		24,782
Epiroc AB - Class A		1,812		35,968
Epiroc AB - Class B		1,072		18,278
Ferrovial SA		1,340		39,460
Kajima Corp.		1,103		13,310
Metso Outotec Oyj		1,824		19,917
Obayashi Corp.		1,784		13,652
Quanta Services, Inc.		393		65,490
Shimizu Corp.		1,517		8,597
Skanska AB - Class B		935		14,321
Taisei Corp.		500		15,469
Vinci SA		1,481		169,785
WSP Global, Inc.		343		44,929
				554,391
Electrical Equipment – 0.6%
ABB Ltd. (REG)		4,323		148,718
AMETEK, Inc.		632		91,849
Eaton Corp. PLC		1,094		187,446
Emerson Electric Co.		1,627		141,777
First Solar, Inc.(a)		264		57,420
Fuji Electric Co., Ltd.		330		13,032
Generac Holdings, Inc.(a)		175		18,902
Hubbell, Inc.		148		36,010
Legrand SA		734		67,067
Mitsubishi Electric Corp.		5,258		62,834
Nidec Corp.		1,183		61,564
Plug Power, Inc.(a) (b)		1,443		16,912
Prysmian SpA		700		29,393
Rockwell Automation, Inc.		316		92,730
Schneider Electric SE		1,493		249,516
Sensata Technologies Holding PLC		421		21,058
Siemens Energy AG(a)		1,199		26,440
Vestas Wind Systems A/S		2,778		80,963
				1,403,631

13

Company	Shares		U.S. $ Value
Ground Transportation – 0.7%
Aurizon Holdings Ltd.(b)		5,063	$	11,404
Canadian National Railway Co.		1,581		186,550
Canadian Pacific Railway Ltd. (Canada)(b)		2,559		197,051
Central Japan Railway Co.		407		48,563
CSX Corp.		5,783		173,143
East Japan Railway Co.(b)		793		43,886
Grab Holdings Ltd. - Class A(a) (b)		3,203		9,641
Hankyu Hanshin Holdings, Inc.		538		15,953
JB Hunt Transport Services, Inc.		228		40,005
Keio Corp.(b)		216		7,585
Keisei Electric Railway Co., Ltd.(b)		351		10,812
Kintetsu Group Holdings Co., Ltd.(b)		428		13,787
Knight-Swift Transportation Holdings, Inc.		420		23,764
MTR Corp., Ltd.		3,764		18,166
Norfolk Southern Corp.		637		135,044
Odakyu Electric Railway Co., Ltd.(b)		726		9,445
Old Dominion Freight Line, Inc.		259		88,278
TFI International, Inc.		216		25,775
Tobu Railway Co., Ltd.(b)		482		11,539
Tokyu Corp.(b)		1,453		19,342
U-Haul Holding Co.		243		12,599
Uber Technologies, Inc.(a)		4,114		130,414
Union Pacific Corp.		1,692		340,532
West Japan Railway Co.		548		22,573
				1,595,851
Industrial Conglomerates – 0.6%
3M Co.		1,521		159,872
CK Hutchison Holdings Ltd.		7,047		43,597
DCC PLC		272		15,855
General Electric Co.		3,006		287,374
Hitachi Ltd.		2,622		144,107
Honeywell International, Inc.		1,850		353,572
Investment AB Latour - Class B(b)		407		8,286
Jardine Cycle & Carriage Ltd.(b)		1,000		23,549
Jardine Matheson Holdings Ltd.		640		31,131
Keppel Corp., Ltd.		3,974		16,861
Lifco AB - Class B		641		13,822
Melrose Industries PLC		11,153		22,970
Siemens AG (REG)		2,105		341,018
Smiths Group PLC		975		20,678
Toshiba Corp.(b)		1,045		35,091
				1,517,783
Machinery – 1.2%
Alfa Laval AB		797		28,459
Alstom SA		879		23,932
Atlas Copco AB - Class A		7,389		93,606
Atlas Copco AB - Class B		4,293		49,381
Caterpillar, Inc.		1,432		327,699
CNH Industrial NV		2,815		43,073
Cummins, Inc.		388		92,685
Daifuku Co., Ltd.		906		16,822
Daimler Truck Holding AG(a)		1,245		42,018
Deere & Co.		789		325,762

14

Company	Shares		U.S. $ Value
Dover Corp.		386	$	58,649
FANUC Corp.		2,570		92,808
Fortive Corp.		925		63,057
GEA Group AG		416		18,977
Graco, Inc.		464		33,877
Hitachi Construction Machinery Co., Ltd.		258		6,013
Hoshizaki Corp.(b)		302		11,157
Husqvarna AB - Class B		1,154		10,017
IDEX Corp.		208		48,054
Illinois Tool Works, Inc.		845		205,715
Indutrade AB		751		15,982
Ingersoll Rand, Inc.		1,114		64,813
Knorr-Bremse AG		200		13,322
Komatsu Ltd.		2,500		62,063
Kone Oyj - Class B		901		46,991
Kubota Corp.		2,751		41,709
Kurita Water Industries Ltd.(b)		279		12,780
Makita Corp.(b)		595		14,818
MINEBEA MITSUMI, Inc.(b)		933		17,817
MISUMI Group, Inc.		730		18,344
Mitsubishi Heavy Industries Ltd.		863		31,794
NGK Insulators Ltd.(b)		596		7,903
Nordson Corp.		142		31,561
PACCAR, Inc.		1,435		105,042
Parker-Hannifin Corp.		354		118,983
Pentair PLC		452		24,982
Rational AG		15		10,083
Sandvik AB		2,933		62,255
Schindler Holding AG		112		24,817
Schindler Holding AG (REG)		65		13,755
Sembcorp Marine Ltd.(a)		75,843		6,807
SKF AB - Class B		1,054		20,761
SMC Corp.		210		111,324
Snap-on, Inc.		147		36,293
Spirax-Sarco Engineering PLC		203		29,805
Stanley Black & Decker, Inc.		407		32,796
Techtronic Industries Co., Ltd.		3,244		35,149
Toro Co. (The)		286		31,792
Toyota Industries Corp.		406		22,619
Trane Technologies PLC		634		116,643
VAT Group AG(b) (c)		75		27,096
Volvo AB - Class A		550		11,830
Volvo AB - Class B		4,151		85,538
Wartsila OYJ Abp(b)		1,302		12,287
Westinghouse Air Brake Technologies Corp.		476		48,105
Xylem, Inc./NY		496		51,931
				3,012,351
Marine Transportation – 0.0%
AP Moller - Maersk A/S - Class A		9		15,966
AP Moller - Maersk A/S - Class B		14		25,448
Mitsui OSK Lines Ltd.(b)		917		22,996
Nippon Yusen KK(b)		1,289		30,109
SITC International Holdings Co., Ltd.		3,000		6,448
				100,967

15

Company	Shares		U.S. $ Value
Passenger Airlines – 0.0%
Air Canada(a) (b)		483	$	6,844
ANA Holdings, Inc.(a)		395		8,585
Delta Air Lines, Inc.(a)		441		15,400
Deutsche Lufthansa AG (REG)(a)		1,644		18,286
Japan Airlines Co., Ltd.		358		6,980
Qantas Airways Ltd.(a)		2,542		11,346
Singapore Airlines Ltd.(b)		2,936		12,664
Southwest Airlines Co.		408		13,276
				93,381
Professional Services – 0.7%
Adecco Group AG (REG)		440		16,027
Automatic Data Processing, Inc.		1,142		254,244
BayCurrent Consulting, Inc.		300		12,455
Booz Allen Hamilton Holding Corp.		364		33,739
Broadridge Financial Solutions, Inc.		324		47,489
Bureau Veritas SA		808		23,216
Clarivate PLC(a) (b)		834		7,831
Computershare Ltd.		1,494		21,701
CoStar Group, Inc.(a)		1,119		77,043
Equifax, Inc.		337		68,357
Experian PLC		2,534		83,439
Intertek Group PLC		444		22,238
Jacobs Solutions, Inc.		348		40,894
Leidos Holdings, Inc.		357		32,865
Nihon M&A Center Holdings, Inc.		797		5,974
Paychex, Inc.		893		102,329
Persol Holdings Co., Ltd.		481		9,685
Randstad NV		329		19,531
Recruit Holdings Co., Ltd.		3,886		106,900
RELX PLC (London)		5,268		170,614
Robert Half International, Inc.		299		24,090
SGS SA (REG)		18		39,703
SS&C Technologies Holdings, Inc.		624		35,237
Teleperformance		163		39,386
Thomson Reuters Corp.		463		60,240
TransUnion		530		32,934
Verisk Analytics, Inc.		431		82,692
Wolters Kluwer NV		709		89,502
				1,560,355
Trading Companies & Distributors – 0.4%
AerCap Holdings NV(a)		372		20,918
Ashtead Group PLC		1,208		74,177
Brenntag SE		425		31,984
Bunzl PLC		928		35,053
Fastenal Co.		1,576		85,009
Ferguson PLC		572		76,505
ITOCHU Corp.(b)		3,201		104,245
Marubeni Corp.		4,208		57,228
Mitsubishi Corp.		3,411		122,579
Mitsui & Co., Ltd.		3,931		122,529
MonotaRO Co., Ltd.(b)		632		7,960
Reece Ltd.(b)		621		7,278
Sumitomo Corp.		3,089		54,723
Toromont Industries Ltd.		226		18,550

16

Company	Shares		U.S. $ Value
Toyota Tsusho Corp.		592	$	25,241
United Rentals, Inc.		191		75,590
WW Grainger, Inc.		126		86,790
				1,006,359
Transportation Infrastructure – 0.1%
Aena SME SA(a) (c)		207		33,474
Aeroports de Paris(a)		82		11,706
Auckland International Airport Ltd.(a)		3,443		18,737
Getlink SE		1,210		19,928
Transurban Group(b)		8,458		80,760
				164,605
				16,146,644
Consumer Discretionary – 6.4%
Automobile Components – 0.2%
Aisin Corp.		343		9,454
Aptiv PLC(a)		746		83,694
BorgWarner, Inc.		644		31,627
Bridgestone Corp.		1,568		63,696
Cie Generale des Etablissements Michelin SCA		1,866		57,040
Continental AG		303		22,704
Denso Corp.(b)		1,160		65,479
Koito Manufacturing Co., Ltd.		562		10,653
Lear Corp.		163		22,737
Magna International, Inc.		747		40,011
Sumitomo Electric Industries Ltd.		1,919		24,653
Valeo		569		11,676
				443,424
Automobiles – 1.3%
Bayerische Motoren Werke AG		911		99,844
Bayerische Motoren Werke AG (Preference Shares)		164		16,764
Dr Ing hc F Porsche AG (Preference Shares)(a)		314		40,302
Ferrari NV		347		94,031
Ford Motor Co.		10,865		136,899
General Motors Co.		3,908		143,345
Honda Motor Co., Ltd.(b)		4,423		116,994
Isuzu Motors Ltd.		1,512		18,070
Lucid Group, Inc.(a) (b)		1,155		9,286
Mazda Motor Corp.		1,465		13,513
Mercedes-Benz Group AG		2,207		169,724
Nissan Motor Co., Ltd.		6,379		24,142
Porsche Automobil Holding SE (Preference Shares)		421		24,168
Renault SA(a)		529		21,560
Rivian Automotive, Inc. - Class A(a) (b)		879		13,607
Stellantis NV (Milan)		6,187		112,518
Subaru Corp.		1,681		26,835
Suzuki Motor Corp.		981		35,726
Tesla, Inc.(a)		7,384		1,531,885
Toyota Motor Corp.(b)		29,170		415,247
Volkswagen AG		82		14,065
Volkswagen AG (Preference Shares)		511		69,737

17

Company	Shares		U.S. $ Value
Volvo Car AB - Class B(a)		1,639	$	7,170
Yamaha Motor Co., Ltd.		795		20,806
				3,176,238
Broadline Retail – 1.4%
Amazon.com, Inc.(a)		25,258		2,608,899
Canadian Tire Corp., Ltd. - Class A(b)		152		19,836
Cie Financiere Richemont SA (REG)		1,436		230,271
Dollarama, Inc.		751		44,882
eBay, Inc.		1,493		66,245
Etsy, Inc.(a)		346		38,520
MercadoLibre, Inc.(a)		125		164,758
Next PLC		356		28,936
Pan Pacific International Holdings Corp.		971		18,785
Prosus NV		2,205		172,660
Rakuten Group, Inc.(b)		2,313		10,787
Wesfarmers Ltd.		3,121		105,485
				3,510,064
Distributors – 0.1%
D’ieteren Group		69		13,426
Genuine Parts Co.		389		65,084
LKQ Corp.		698		39,618
Pool Corp.		108		36,984
				155,112
Diversified Consumer Services – 0.0%
IDP Education Ltd.(b)		574		10,578
Pearson PLC		1,777		18,596
				29,174
Hotels, Restaurants & Leisure – 1.2%
Accor SA(a)		470		15,280
Airbnb, Inc. - Class A(a)		1,041		129,500
Amadeus IT Group SA(a)		1,239		83,116
Aramark		640		22,912
Aristocrat Leisure Ltd.		1,633		40,829
Booking Holdings, Inc.(a)		107		283,808
Caesars Entertainment, Inc.(a)		590		28,798
Carnival Corp.(a) (b)		2,754		27,953
Chipotle Mexican Grill, Inc.(a)		77		131,538
Compass Group PLC		4,832		121,436
Darden Restaurants, Inc.		337		52,289
Delivery Hero SE(a) (c)		472		16,102
Domino’s Pizza, Inc.		98		32,327
DoorDash, Inc. - Class A(a)		644		40,933
Entain PLC		1,619		25,143
Evolution AB(c)		503		67,391
Expedia Group, Inc.(a)		414		40,170
Flutter Entertainment PLC(a)		460		83,707
Galaxy Entertainment Group Ltd.(a)		5,343		35,740
Genting Singapore Ltd.		15,869		13,394
Hilton Worldwide Holdings, Inc.		744		104,807
InterContinental Hotels Group PLC		482		31,554

18

Company	Shares		U.S. $ Value
Just Eat Takeaway.com NV(a) (b) (c)		504	$	9,618
La Francaise des Jeux SAEM(c)		289		12,045
Las Vegas Sands Corp.(a)		946		54,348
Lottery Corp. Ltd. (The)		6,016		20,691
Marriott International, Inc./MD - Class A		740		122,870
McDonald’s Corp.		2,015		563,414
McDonald’s Holdings Co. Japan Ltd.(b)		192		7,982
MGM Resorts International		845		37,535
Oriental Land Co., Ltd./Japan(b)		2,905		99,465
Restaurant Brands International, Inc.		802		53,841
Royal Caribbean Cruises Ltd.(a)		632		41,270
Sands China Ltd.(a)		6,020		20,913
Sodexo SA		244		23,832
Starbucks Corp.		3,158		328,843
Vail Resorts, Inc.		111		25,939
Whitbread PLC		555		20,502
Wynn Resorts Ltd.(a)		296		33,125
Yum! Brands, Inc.		775		102,362
				3,007,322
Household Durables – 0.3%
Barratt Developments PLC		2,755		15,854
Berkeley Group Holdings PLC		299		15,491
DR Horton, Inc.		900		87,921
Electrolux AB - Class B		604		7,341
Garmin Ltd.		422		42,588
Iida Group Holdings Co., Ltd.		311		5,078
Lennar Corp. - Class A		701		73,682
Mohawk Industries, Inc.(a)		140		14,031
Newell Brands, Inc.		1,080		13,435
NVR, Inc.(a)		9		50,150
Open House Group Co., Ltd.(b)		200		7,500
Panasonic Holdings Corp.(b)		6,071		54,318
Persimmon PLC		878		13,633
PulteGroup, Inc.		627		36,542
SEB SA		69		7,851
Sekisui Chemical Co., Ltd.		983		13,961
Sekisui House Ltd.		1,689		34,424
Sharp Corp./Japan(a) (b)		597		4,221
Sony Group Corp.		3,434		312,780
Taylor Wimpey PLC		9,716		14,294
Whirlpool Corp.		150		19,803
				844,898
Leisure Products – 0.1%
Bandai Namco Holdings, Inc.(b)		1,737		37,448
BRP, Inc.(b)		100		7,826
Hasbro, Inc.		361		19,382
Shimano, Inc.		260		45,080
Yamaha Corp.(b)		394		15,218
				124,954
Specialty Retail – 1.0%
Advance Auto Parts, Inc.		163		19,822
AutoZone, Inc.(a)		53		130,282

19

Company	Shares		U.S. $ Value
Bath & Body Works, Inc.		628	$	22,972
Best Buy Co., Inc.		558		43,675
Burlington Stores, Inc.(a)		180		36,378
CarMax, Inc.(a)		435		27,962
Chewy, Inc. - Class A(a) (b)		261		9,756
Dynatrace, Inc.(a)		594		25,126
Fast Retailing Co., Ltd.		657		143,826
H & M Hennes & Mauritz AB - Class B		2,009		28,724
Hikari Tsushin, Inc.		86		12,085
Home Depot, Inc. (The)		2,804		827,517
Industria de Diseno Textil SA		3,000		100,786
JD Sports Fashion PLC		7,094		15,623
Kingfisher PLC		5,372		17,365
Lowe’s Cos., Inc.		1,664		332,750
Nitori Holdings Co., Ltd.(b)		213		25,722
O’Reilly Automotive, Inc.(a)		173		146,874
Ross Stores, Inc.		955		101,354
TJX Cos., Inc. (The)		3,194		250,282
Tractor Supply Co.		304		71,452
Ulta Beauty, Inc.(a)		141		76,939
USS Co., Ltd.		553		9,594
Zalando SE(a) (c)		616		25,817
ZOZO, Inc.		271		6,198
				2,508,881
Textiles, Apparel & Luxury Goods – 0.8%
adidas AG		446		79,064
Burberry Group PLC		1,058		33,877
Gildan Activewear, Inc.		494		16,412
Hermes International		88		178,223
Kering SA		206		134,400
Lululemon Athletica, Inc.(a)		320		116,541
LVMH Moet Hennessy Louis Vuitton SE		762		699,446
Moncler SpA		565		39,025
NIKE, Inc. - Class B		3,466		425,070
Pandora A/S		250		23,997
Puma SE		290		17,978
Swatch Group AG (The)		80		27,551
Swatch Group AG (The) (REG)		145		9,194
VF Corp.		908		20,802
				1,821,580
				15,621,647
Consumer Staples – 4.8%
Beverages – 1.1%
Anheuser-Busch InBev SA/NV		2,389		159,250
Asahi Group Holdings Ltd.		1,264		47,044
Brown-Forman Corp. - Class B		853		54,822
Budweiser Brewing Co. APAC Ltd.(c)		4,137		12,590
Carlsberg AS - Class B		268		41,585
Coca-Cola Co. (The)		11,302		701,063
Coca-Cola Europacific Partners PLC		566		33,501
Coca-Cola HBC AG(a)		554		15,166
Constellation Brands, Inc. - Class A		457		103,232
Davide Campari-Milano NV		1,437		17,534
Diageo PLC		6,254		279,114

20

Company	Shares		U.S. $ Value
Heineken Holding NV		317	$	29,084
Heineken NV		713		76,612
Keurig Dr Pepper, Inc.		2,142		75,570
Kirin Holdings Co., Ltd.		2,228		35,249
Molson Coors Beverage Co. - Class B		523		27,029
Monster Beverage Corp.(a)		2,154		116,337
PepsiCo, Inc.		3,790		690,917
Pernod Ricard SA		568		128,613
Remy Cointreau SA		64		11,653
Suntory Beverage & Food Ltd.		338		12,590
Treasury Wine Estates Ltd.		1,985		17,426
				2,685,981
Consumer Staples Distribution & Retail – 1.1%
Aeon Co., Ltd.		1,725		33,466
Alimentation Couche-Tard, Inc.		2,230		112,119
Carrefour SA		1,633		33,015
Coles Group Ltd.		3,681		44,476
Costco Wholesale Corp.		1,218		605,188
Dollar General Corp.		621		130,696
Dollar Tree, Inc.(a)		609		87,422
Empire Co., Ltd. - Class A		442		11,849
Endeavour Group Ltd./Australia(b)		3,941		17,905
George Weston Ltd.		195		25,841
HelloFresh SE(a)		449		10,707
J Sainsbury PLC		4,838		16,649
Jeronimo Martins SGPS SA		779		18,285
Kesko Oyj - Class B		751		16,140
Kobe Bussan Co., Ltd.		396		11,057
Koninklijke Ahold Delhaize NV		2,876		98,259
Kroger Co. (The)		1,870		92,322
Loblaw Cos., Ltd.		447		40,738
MatsukiyoCocokara & Co.		300		15,892
Metro, Inc./CN(b)		648		35,644
Ocado Group PLC(a) (b)		1,589		10,521
Seven & i Holdings Co., Ltd.		2,012		90,890
Sysco Corp.		1,394		107,659
Target Corp.		1,267		209,853
Tesco PLC		20,362		66,755
Walgreens Boots Alliance, Inc.		2,022		69,921
Walmart, Inc.		4,107		605,577
Welcia Holdings Co., Ltd.		240		5,138
Woolworths Group Ltd.(b)		3,346		85,064
				2,709,048
Food Products – 1.1%
Ajinomoto Co., Inc.		1,158		40,284
Archer-Daniels-Midland Co.		1,511		120,366
Associated British Foods PLC		978		23,470
Barry Callebaut AG (REG)		10		21,188
Bunge Ltd.		412		39,354
Campbell Soup Co.		577		31,723
Chocoladefabriken Lindt & Spruengli AG		3		35,432
Chocoladefabriken Lindt & Spruengli AG (REG)		1		118,436
Conagra Brands, Inc.		1,318		49,504
Danone SA		1,766		109,887
Darling Ingredients, Inc.(a)		441		25,754
General Mills, Inc.		1,633		139,556

21

Company	Shares		U.S. $ Value
Hershey Co. (The)		405	$	103,036
Hormel Foods Corp.		826		32,941
JDE Peet’s NV		276		8,028
JM Smucker Co. (The)		294		46,267
Kellogg Co.		704		47,140
Kerry Group PLC - Class A		438		43,680
Kikkoman Corp.		395		20,166
Kraft Heinz Co. (The)		2,022		78,191
Lamb Weston Holdings, Inc.		396		41,390
McCormick & Co., Inc./MD		689		57,332
MEIJI Holdings Co., Ltd.(b)		640		15,221
Mondelez International, Inc. - Class A		3,757		261,938
Mowi ASA		1,138		21,048
Nestle SA (REG)		7,565		922,404
Nisshin Seifun Group, Inc.(b)		462		5,407
Nissin Foods Holdings Co., Ltd.		164		14,996
Orkla ASA		2,066		14,653
Salmar ASA		179		7,797
Saputo, Inc.		691		17,880
Tyson Foods, Inc. - Class A		797		47,278
WH Group Ltd.(c)		22,359		13,329
Wilmar International Ltd.		5,113		16,199
Yakult Honsha Co., Ltd.		342		24,850
				2,616,125
Household Products – 0.7%
Church & Dwight Co., Inc.		671		59,323
Clorox Co. (The)		340		53,802
Colgate-Palmolive Co.		2,183		164,052
Essity AB - Class B		1,675		47,844
Henkel AG & Co. KGaA		286		20,806
Henkel AG & Co. KGaA (Preference Shares)		490		38,335
Kimberly-Clark Corp.		929		124,690
Procter & Gamble Co. (The)		6,519		969,310
Reckitt Benckiser Group PLC		1,969		149,797
Unicharm Corp.(b)		1,094		44,970
				1,672,929
Personal Care Products – 0.4%
Beiersdorf AG		278		36,164
Estee Lauder Cos., Inc. (The) - Class A		637		156,995
Haleon PLC		13,971		55,499
Kao Corp.		1,293		50,330
Kobayashi Pharmaceutical Co., Ltd.		138		8,440
Kose Corp.		96		11,411
L’Oreal SA		665		297,150
Shiseido Co., Ltd.(b)		1,063		49,837
Unilever PLC (London)		6,973		361,334
				1,027,160
Tobacco – 0.4%
Altria Group, Inc.		4,930		219,977
British American Tobacco PLC		5,850		205,068
Imperial Brands PLC		2,462		56,615
Japan Tobacco, Inc.		3,290		69,497

22

Company	Shares		U.S. $ Value
Philip Morris International, Inc.		4,265	$	414,771
				965,928
				11,677,171
Communication Services – 4.2%
Diversified Telecommunication Services – 0.9%
AT&T, Inc.		19,605		377,396
BCE, Inc.(b)		201		9,004
Bezeq The Israeli Telecommunication Corp., Ltd.		5,705		7,767
BT Group PLC		19,122		34,445
Cellnex Telecom SA(c)		1,554		60,431
Charter Communications, Inc. - Class A(a)		300		107,283
Comcast Corp. - Class A		11,867		449,878
Deutsche Telekom AG (REG)		8,916		216,055
Elisa Oyj		391		23,582
HKT Trust & HKT Ltd.		9,744		12,935
Infrastrutture Wireless Italiane SpA(c)		924		12,140
Koninklijke KPN NV		9,087		32,110
Liberty Global PLC - Class A(a)		449		8,756
Liberty Global PLC - Class C(a)		718		14,633
Nippon Telegraph & Telephone Corp.		3,267		97,627
Orange SA		5,488		65,198
Quebecor, Inc. - Class B		425		10,506
Shaw Communications, Inc. - Class B		1,312		39,258
Singapore Telecommunications Ltd.		22,333		41,380
Sirius XM Holdings, Inc.		2,139		8,492
Spark New Zealand Ltd.		5,152		16,323
Swisscom AG (REG)		72		45,948
Telecom Italia SpA/Milano(a) (b)		27,410		9,039
Telefonica Deutschland Holding AG		2,863		8,813
Telefonica SA		14,298		61,579
Telenor ASA		1,924		22,559
Telia Co. AB		7,312		18,567
Telstra Group Ltd.		10,898		30,857
TELUS Corp.		1,289		25,589
United Internet AG (REG)		266		4,585
Verizon Communications, Inc.		11,553		449,296
Washington H Soul Pattinson & Co., Ltd.(b)		595		12,059
				2,334,090
Entertainment – 0.8%
Activision Blizzard, Inc.		2,153		184,275
Bollore SE		2,434		15,046
Capcom Co., Ltd.		468		16,750
Electronic Arts, Inc.		760		91,542
Embracer Group AB(a) (b)		1,803		8,451
Koei Tecmo Holdings Co., Ltd.(b)		246		4,446
Konami Group Corp.(b)		230		10,556
Liberty Media Corp-Liberty Formula One - Class C(a)		542		40,558
Live Nation Entertainment, Inc.(a)		476		33,320
Netflix, Inc.(a)		1,225		423,213
Nexon Co., Ltd.		1,240		29,610
Nintendo Co., Ltd.(b)		3,060		118,855
ROBLOX Corp. - Class A(a)		982		44,170

23

Company	Shares		U.S. $ Value
Roku, Inc.(a)		335	$	22,050
Sea Ltd. (ADR)(a)		944		81,703
Square Enix Holdings Co., Ltd.		218		10,476
Take-Two Interactive Software, Inc.(a)		462		55,117
Toho Co., Ltd./Tokyo		296		11,348
Universal Music Group NV		1,995		50,523
Walt Disney Co. (The)(a)		5,015		502,152
Warner Bros Discovery, Inc.(a)		6,346		95,825
				1,849,986
Interactive Media & Services – 2.0%
Adevinta ASA(a)		801		5,686
Alphabet, Inc. - Class A(a)		16,431		1,704,388
Alphabet, Inc. - Class C(a)		15,068		1,567,072
Auto Trader Group PLC(c)		2,563		19,550
Match Group, Inc.(a)		768		29,483
Meta Platforms, Inc. - Class A(a)		6,186		1,311,061
Pinterest, Inc. - Class A(a)		1,616		44,068
REA Group Ltd.(b)		146		13,614
Scout24 SE(c)		221		13,145
SEEK Ltd.		927		14,985
Snap, Inc. - Class A(a)		2,990		33,518
Z Holdings Corp.(b)		7,335		20,798
ZoomInfo Technologies, Inc.(a)		721		17,816
				4,795,184
Media – 0.2%
CyberAgent, Inc.		1,104		9,354
Dentsu Group, Inc.		526		18,540
DISH Network Corp. - Class A(a) (b)		683		6,372
Fox Corp. - Class A		832		28,330
Fox Corp. - Class B		396		12,399
Hakuhodo DY Holdings, Inc.		581		6,587
Informa PLC		3,920		33,600
Interpublic Group of Cos., Inc. (The)		1,068		39,772
Liberty Broadband Corp. - Class C(a)		333		27,206
Liberty Media Corp.-Liberty SiriusXM - Class A(a)		202		5,674
Liberty Media Corp.-Liberty SiriusXM - Class C(a)		451		12,623
News Corp. - Class A		1,051		18,151
Omnicom Group, Inc.		561		52,925
Paramount Global - Class B		1,673		37,325
Publicis Groupe SA		629		49,100
Trade Desk, Inc. (The) - Class A(a)		1,225		74,615
Vivendi SE		1,982		20,041
WPP PLC		2,946		35,001
				487,615
Wireless Telecommunication Services – 0.3%
KDDI Corp.		4,368		134,699
Rogers Communications, Inc. - Class B		975		45,190
SoftBank Corp.(b)		7,887		91,046
SoftBank Group Corp.(b)		3,262		128,241
T-Mobile US, Inc.(a)		1,712		247,966

24

Company	Shares		U.S. $ Value
Tele2 AB - Class B		1,561	$	15,537
Vodafone Group PLC		71,694		79,085
				741,764
				10,208,639
Energy – 3.0%
Energy Equipment & Services – 0.1%
Baker Hughes Co.		2,754		79,480
Halliburton Co.		2,498		79,037
Schlumberger NV		3,901		191,539
Tenaris SA		1,299		18,406
				368,462
Oil, Gas & Consumable Fuels – 2.9%
Aker BP ASA		869		21,312
Ampol Ltd.		655		13,354
APA Corp.		884		31,877
ARC Resources Ltd.		1,740		19,737
BP PLC		49,921		315,527
Cameco Corp.		1,189		31,135
Canadian Natural Resources Ltd.		3,045		168,506
Cenovus Energy, Inc.		3,959		69,074
Cheniere Energy, Inc.		616		97,082
Chesapeake Energy Corp.		313		23,800
Chevron Corp.		5,054		824,611
ConocoPhillips		3,428		340,092
Coterra Energy, Inc.		2,169		53,227
Devon Energy Corp.		1,708		86,442
Diamondback Energy, Inc.		460		62,178
Enbridge, Inc.		5,570		212,373
ENEOS Holdings, Inc.		8,437		29,601
Eni SpA(b)		6,877		95,909
EOG Resources, Inc.		1,616		185,242
EQT Corp.		908		28,974
Equinor ASA		2,620		74,482
Exxon Mobil Corp.		11,329		1,242,338
Galp Energia SGPS SA		1,378		15,592
Hess Corp.		764		101,108
HF Sinclair Corp.		414		20,029
Idemitsu Kosan Co., Ltd.(b)		524		11,472
Imperial Oil Ltd.(b)		582		29,597
Inpex Corp.		2,818		29,821
Keyera Corp.(b)		608		13,312
Kinder Morgan, Inc.		5,565		97,443
Marathon Oil Corp.		1,747		41,858
Marathon Petroleum Corp.		1,290		173,931
Neste Oyj		1,164		57,506
Occidental Petroleum Corp.		2,000		124,860
OMV AG		405		18,599
ONEOK, Inc.		1,230		78,154
Ovintiv, Inc. (New York)		683		24,643
Parkland Corp.		387		9,278
Pembina Pipeline Corp.(b)		1,517		49,141
Phillips 66		1,300		131,794
Pioneer Natural Resources Co.		621		126,833
Repsol SA		3,789		58,267
Santos Ltd.		8,681		39,953
Shell PLC		19,415		553,300

25

Company	Shares		U.S. $ Value
Suncor Energy, Inc.		3,724	$	115,619
Targa Resources Corp.		592		43,186
TC Energy Corp.		2,784		108,291
Texas Pacific Land Corp.		17		28,917
TotalEnergies SE		6,845		403,606
Tourmaline Oil Corp.		883		36,797
Valero Energy Corp.		1,061		148,116
Williams Cos., Inc. (The)		3,351		100,061
Woodside Energy Group Ltd.(b)		5,223		116,683
				6,934,640
				7,303,102
Materials – 2.7%
Chemicals – 1.3%
Air Liquide SA		1,440		241,040
Air Products and Chemicals, Inc.		611		175,485
Akzo Nobel NV		500		39,107
Albemarle Corp.		323		71,396
Arkema SA		165		16,292
Asahi Kasei Corp.		3,375		23,639
BASF SE		2,527		132,664
Celanese Corp.		299		32,558
CF Industries Holdings, Inc.		540		39,145
Chr Hansen Holding A/S		290		22,060
Clariant AG (REG)(a)		593		9,837
Corteva, Inc.		1,966		118,569
Covestro AG(c)		531		21,990
Croda International PLC		384		30,863
Dow, Inc.		1,936		106,132
DuPont de Nemours, Inc.		1,367		98,110
Eastman Chemical Co.		330		27,832
Ecolab, Inc.		705		116,699
EMS-Chemie Holding AG (REG)		20		16,533
Evonik Industries AG		576		12,119
FMC Corp.		347		42,379
Givaudan SA (REG)		26		84,624
ICL Group Ltd.		1,912		12,955
IMCD NV		157		25,672
International Flavors & Fragrances, Inc.		702		64,556
Johnson Matthey PLC		504		12,356
JSR Corp.(b)		412		9,746
Koninklijke DSM NV		507		60,001
Linde PLC		1,359		483,043
LyondellBasell Industries NV - Class A		717		67,319
Mitsubishi Chemical Group Corp.		3,505		20,846
Mitsui Chemicals, Inc.		440		11,361
Mosaic Co. (The)		933		42,806
Nippon Paint Holdings Co., Ltd.(b)		2,222		20,894
Nippon Sanso Holdings Corp.(b)		450		8,130
Nissan Chemical Corp.(b)		297		13,489
Nitto Denko Corp.		414		26,795
Novozymes A/S - Class B		563		28,827
Nutrien Ltd.		1,431		105,681
OCI NV		289		9,797
Orica Ltd.		1,245		12,861
PPG Industries, Inc.		647		86,426
RPM International, Inc.		355		30,970
Sherwin-Williams Co. (The)		678		152,394

26

Company	Shares		U.S. $ Value
Shin-Etsu Chemical Co., Ltd.		5,145	$	167,012
Sika AG (REG)		402		112,759
Solvay SA		204		23,331
Sumitomo Chemical Co., Ltd.		4,072		13,710
Symrise AG		365		39,721
Toray Industries, Inc.		3,753		21,470
Tosoh Corp.		616		8,371
Umicore SA		576		19,539
Westlake Corp.		106		12,294
Yara International ASA		455		19,775
				3,223,980
Construction Materials – 0.2%
CRH PLC		2,055		103,819
HeidelbergCement AG		398		29,061
Holcim AG(a)		1,525		98,349
James Hardie Industries PLC		1,225		26,367
Martin Marietta Materials, Inc.		171		60,715
Vulcan Materials Co.		366		62,791
				381,102
Containers & Packaging – 0.1%
Amcor PLC		4,096		46,613
Avery Dennison Corp.		223		39,901
Ball Corp.		864		47,615
CCL Industries, Inc. - Class B		409		20,318
Crown Holdings, Inc.		330		27,294
International Paper Co.		929		33,500
Packaging Corp. of America		255		35,402
Sealed Air Corp.		398		18,272
SIG Group AG(a)		841		21,667
Smurfit Kappa Group PLC		680		24,664
Westrock Co.		700		21,329
				336,575
Metals & Mining – 1.0%
Agnico Eagle Mines Ltd.		1,322		67,396
Alcoa Corp.		487		20,727
Anglo American PLC		3,495		116,249
Antofagasta PLC		1,084		21,233
ArcelorMittal SA		1,448		43,869
Barrick Gold Corp. (Toronto)(b)		4,845		89,945
BHP Group Ltd.(b)		13,935		440,540
BlueScope Steel Ltd.		1,276		17,271
Boliden AB		752		29,542
Cleveland-Cliffs, Inc.(a)		1,417		25,974
First Quantum Minerals Ltd.		1,619		37,220
Fortescue Metals Group Ltd.		4,658		70,017
Franco-Nevada Corp.		528		77,014
Freeport-McMoRan, Inc.		3,932		160,858
Glencore PLC		28,334		163,040
IGO Ltd.(b)		1,874		16,070
Ivanhoe Mines Ltd. - Class A(a) (b)		1,669		15,078
JFE Holdings, Inc.		1,278		16,221
Kinross Gold Corp.		3,455		16,259
Lundin Mining Corp.		1,801		12,233
Mineral Resources Ltd.(b)		470		25,407

27

Company	Shares		U.S. $ Value
Newcrest Mining Ltd.		2,458	$	43,876
Newmont Corp. (New York)		2,183		107,011
Nippon Steel Corp.		2,195		51,761
Norsk Hydro ASA		3,699		27,607
Northern Star Resources Ltd.(b)		3,189		26,150
Nucor Corp.		706		109,056
Pan American Silver Corp.		609		11,112
Pilbara Minerals Ltd.(b)		7,010		18,649
Reliance Steel & Aluminum Co.		162		41,592
Rio Tinto Ltd.		1,021		82,037
Rio Tinto PLC		3,094		210,014
South32 Ltd.		12,618		36,980
Steel Dynamics, Inc.		483		54,608
Sumitomo Metal Mining Co., Ltd.		672		25,713
Teck Resources Ltd. - Class B		1,249		45,607
voestalpine AG		319		10,847
Wheaton Precious Metals Corp.		1,243		59,865
				2,444,648
Paper & Forest Products – 0.1%
Holmen AB - Class B		258		9,946
Mondi PLC		1,335		21,196
Oji Holdings Corp.		2,181		8,635
Stora Enso Oyj - Class R		1,516		19,723
Svenska Cellulosa AB SCA - Class B		1,666		21,942
UPM-Kymmene Oyj(a)		1,468		49,307
West Fraser Timber Co., Ltd.		160		11,413
				142,162
				6,528,467
Utilities – 1.8%
Electric Utilities – 1.0%
Acciona SA		68		13,643
Alliant Energy Corp.		690		36,846
American Electric Power Co., Inc.		1,414		128,660
BKW AG		58		9,119
Chubu Electric Power Co., Inc.		1,739		18,345
CK Infrastructure Holdings Ltd.		903		4,913
CLP Holdings Ltd.		3,629		26,224
Constellation Energy Corp.		900		70,650
Duke Energy Corp.		2,119		204,420
Edison International		1,051		74,190
EDP - Energias de Portugal SA		7,636		41,608
Elia Group SA/NV		91		12,017
Emera, Inc.		738		30,317
Endesa SA		873		18,961
Enel SpA		22,374		136,458
Entergy Corp.		560		60,334
Evergy, Inc.		631		38,567
Eversource Energy		950		74,347
Exelon Corp.		2,733		114,485
FirstEnergy Corp.		1,494		59,850
Fortis, Inc./Canada		1,321		56,154
Fortum Oyj(a)		1,234		18,903
Hydro One Ltd.(c)		905		25,767
Iberdrola SA		16,903		210,574
Kansai Electric Power Co., Inc. (The)(b)		1,871		18,222

28

Company	Shares		U.S. $ Value
Mercury NZ Ltd.		1,906	$	7,539
NextEra Energy, Inc.		5,467		421,396
NRG Energy, Inc.		633		21,706
Origin Energy Ltd.		4,739		26,392
Orsted AS(c)		521		44,425
PG&E Corp.(a)		4,100		66,297
Power Assets Holdings Ltd.		2,858		15,333
PPL Corp.		2,025		56,275
Red Electrica Corp. SA		1,116		19,637
Southern Co. (The)		2,995		208,392
SSE PLC		2,973		66,339
Terna - Rete Elettrica Nazionale		3,870		31,763
Tokyo Electric Power Co. Holdings, Inc.(a)		4,184		14,946
Verbund AG		187		16,266
Xcel Energy, Inc.		1,505		101,497
				2,621,777
Gas Utilities – 0.1%
AltaGas Ltd.		774		12,903
APA Group		3,245		22,044
Atmos Energy Corp.		388		43,596
Enagas SA		684		13,144
Hong Kong & China Gas Co., Ltd.		30,787		27,105
Naturgy Energy Group SA(b)		400		12,041
Osaka Gas Co., Ltd.(b)		940		15,442
Snam SpA		5,547		29,410
Tokyo Gas Co., Ltd.		1,050		19,733
UGI Corp.		577		20,056
				215,474
Independent Power and Renewable Electricity Producers – 0.1%
AES Corp. (The)		1,837		44,235
Brookfield Renewable Corp. - Class A(b)		355		12,414
Corp. ACCIONA Energias Renovables SA(b)		181		7,019
EDP Renovaveis SA		792		18,142
Meridian Energy Ltd.		3,550		11,679
Northland Power, Inc.		671		16,821
RWE AG		1,767		76,031
Vistra Corp.		985		23,640
				209,981
Multi-Utilities – 0.5%
Algonquin Power & Utilities Corp.(b)		1,853		15,548
Ameren Corp.		711		61,423
Canadian Utilities Ltd. - Class A		353		9,837
CenterPoint Energy, Inc.		1,731		50,995
CMS Energy Corp.		798		48,981
Consolidated Edison, Inc.		976		93,374
Dominion Energy, Inc.		2,292		128,146
DTE Energy Co.		533		58,385
E.ON SE		6,176		77,044
Engie SA		5,024		79,503
National Grid PLC		10,069		136,203
NiSource, Inc.		1,117		31,231
Public Service Enterprise Group, Inc.		1,373		85,744
Sempra Energy		865		130,753
United Utilities Group PLC		1,875		24,539

29

Company	Shares		U.S. $ Value
Veolia Environnement SA		1,830	$	56,469
WEC Energy Group, Inc.		868		82,278
				1,170,453
Water Utilities – 0.1%
American Water Works Co., Inc.		500		73,245
Essential Utilities, Inc.		685		29,900
Severn Trent PLC		692		24,582
				127,727
				4,345,412
Equity Real Estate Investment Trusts (REITs) – 1.5%
Diversified REITs – 0.1%
British Land Co. PLC (The)		2,422		11,618
Daiwa House REIT Investment Corp.		7		14,343
GPT Group (The)(b)		5,269		15,058
Land Securities Group PLC		1,937		14,869
Mirvac Group(b)		10,854		15,202
Nomura Real Estate Master Fund, Inc.		13		14,568
Stockland		6,566		17,582
WP Carey, Inc.		572		44,301
				147,541
Health Care REITs – 0.1%
Healthcare Realty Trust, Inc.		1,046		20,219
Healthpeak Properties, Inc.		1,478		32,472
Medical Properties Trust, Inc.		1,645		13,522
Ventas, Inc.		1,099		47,642
Welltower, Inc.		1,300		93,197
				207,052
Hotel & Resort REITs – 0.0%
Host Hotels & Resorts, Inc.		1,966		32,419
Industrial REITs – 0.2%
CapitaLand Ascendas REIT		8,639		18,627
GLP J-Reit		13		14,052
Goodman Group		4,655		59,071
Mapletree Logistics Trust		9,093		11,730
Nippon Prologis REIT, Inc.		6		12,702
Prologis, Inc.		2,540		316,916
Segro PLC		3,326		31,683
Warehouses De Pauw CVA		448		13,322
				478,103
Office REITs – 0.1%
Alexandria Real Estate Equities, Inc.		429		53,878
Boston Properties, Inc.		410		22,189
Covivio SA/France		130		7,562
Dexus(b)		2,958		14,955
Gecina SA		127		13,183
Japan Real Estate Investment Corp.		4		15,941
Nippon Building Fund, Inc.		5		20,813
				148,521

30

Company	Shares		U.S. $ Value
Real Estate Management & Development – 0.2%
Aroundtown SA		2,748	$	3,928
Azrieli Group Ltd.		117		6,723
Capitaland Investment Ltd./Singapore(b)		6,504		18,045
CBRE Group, Inc. - Class A(a)		869		63,272
City Developments Ltd.		1,050		5,826
CK Asset Holdings Ltd.		5,031		30,501
Daito Trust Construction Co., Ltd.		183		18,232
Daiwa House Industry Co., Ltd.		1,644		38,735
ESR Group Ltd.(c)		4,748		8,515
Fastighets AB Balder - Class B(a)		1,735		7,128
FirstService Corp.		110		15,499
Hang Lung Properties Ltd.		5,030		9,412
Henderson Land Development Co., Ltd.		3,938		13,625
Hongkong Land Holdings Ltd.		2,395		10,537
Hulic Co., Ltd.(b)		1,001		8,233
LEG Immobilien SE		204		11,211
Lendlease Corp., Ltd.(b)		1,895		9,222
Mitsubishi Estate Co., Ltd.		3,035		36,100
Mitsui Fudosan Co., Ltd.		2,469		46,379
New World Development Co., Ltd.		3,625		9,717
Nomura Real Estate Holdings, Inc.		231		5,115
Sagax AB - Class B		524		12,078
Sino Land Co., Ltd.		9,242		12,498
Sumitomo Realty & Development Co., Ltd.		756		17,072
Sun Hung Kai Properties Ltd.		3,616		50,659
Swire Pacific Ltd. - Class A		435		3,343
Swire Properties Ltd.		2,422		6,234
Swiss Prime Site AG (REG)		211		17,546
Unibail-Rodamco-Westfield(a)		324		17,431
UOL Group Ltd.		370		1,932
Vonovia SE		1,970		37,105
Wharf Real Estate Investment Co., Ltd.		3,876		22,316
Zillow Group, Inc. - Class C(a)		429		19,078
				593,247
Residential REITs – 0.2%
American Homes 4 Rent - Class A		873		27,456
AvalonBay Communities, Inc.		385		64,703
Camden Property Trust		279		29,250
Canadian Apartment Properties REIT		229		8,033
Equity LifeStyle Properties, Inc.		486		32,625
Equity Residential		988		59,280
Essex Property Trust, Inc.		179		37,436
Invitation Homes, Inc.		1,681		52,498
Mid-America Apartment Communities, Inc.		318		48,031
Sun Communities, Inc.		341		48,040
UDR, Inc.		895		36,749
				444,101
Retail REITs – 0.1%
CapitaLand Integrated Commercial Trust		14,593		21,764
Japan Metropolitan Fund Invest		21		15,335
Kimco Realty Corp.		1,701		33,221
Klepierre SA		591		13,399
Link REIT		5,173		33,264
Mapletree Pan Asia Commercial Trust		6,196		8,401
Realty Income Corp.		1,725		109,227

31

Company	Shares		U.S. $ Value
Regency Centers Corp.		424	$	25,940
RioCan Real Estate Investment Trust		408		6,155
Scentre Group		14,278		26,430
Simon Property Group, Inc.		900		100,773
Vicinity Centres		10,644		13,921
				407,830
Specialized REITs – 0.5%
American Tower Corp.		1,281		261,760
Crown Castle, Inc.		1,192		159,537
Digital Realty Trust, Inc.		791		77,763
Equinix, Inc.		255		183,865
Extra Space Storage, Inc.		369		60,121
Gaming and Leisure Properties, Inc.		708		36,859
Iron Mountain, Inc.		800		42,328
Public Storage		435		131,431
SBA Communications Corp.		297		77,538
VICI Properties, Inc.		2,649		86,410
Weyerhaeuser Co.		2,024		60,983
				1,178,595
				3,637,409
Total Common Stocks (cost $92,906,413)				147,011,589
	Principal Amount (000)
GOVERNMENTS – TREASURIES – 36.9%
United States – 36.9%
U.S. Treasury Bonds
1.25%, 05/15/2050	$	552		319,471
2.00%, 02/15/2050		172		121,552
2.25%, 08/15/2046		3,477		2,613,108
2.25%, 08/15/2049		287		214,802
2.25%, 02/15/2052		2,286		1,696,269
2.375%, 11/15/2049		584		448,748
2.375%, 05/15/2051		2,283		1,744,635
2.50%, 02/15/2045		288		228,732
2.50%, 05/15/2046		42		33,443
2.75%, 08/15/2047		143		118,670
2.875%, 05/15/2043		370		318,720
2.875%, 08/15/2045		2,897		2,460,074
2.875%, 11/15/2046		187		158,435
2.875%, 05/15/2049		313		266,892
2.875%, 05/15/2052		417		355,357
3.00%, 05/15/2045		265		230,053
3.00%, 02/15/2047		238		206,056
3.00%, 05/15/2047		409		354,812
3.00%, 02/15/2048		350		304,378
3.00%, 08/15/2048		792		689,140
3.00%, 02/15/2049		257		223,810
3.125%, 11/15/2041		282		256,168
3.125%, 02/15/2043		521		466,750
3.50%, 02/15/2039		12		12,025
3.625%, 08/15/2043		1,869		1,808,551
3.75%, 08/15/2041		128		127,719
3.75%, 11/15/2043		98		96,007

32

	Principal Amount (000)		U.S. $ Value
3.875%, 08/15/2040	$	161	$	164,212
4.00%, 11/15/2052		208		219,586
4.25%, 05/15/2039		134		144,086
4.375%, 11/15/2039		502		547,633
4.375%, 05/15/2040		60		65,434
4.375%, 05/15/2041		132		143,018
4.50%, 08/15/2039		179		198,133
4.75%, 02/15/2037		465		529,538
4.75%, 02/15/2041		161		183,037
5.25%, 11/15/2028		1,257		1,356,755
5.375%, 02/15/2031		359		402,529
5.50%, 08/15/2028		762		826,574
6.00%, 02/15/2026		1,336		1,408,329
6.125%, 11/15/2027		1,389		1,531,593
6.25%, 05/15/2030		374		436,352
6.875%, 08/15/2025		471		501,067
7.625%, 02/15/2025		158		167,611
U.S. Treasury Notes
0.25%, 06/30/2025		133		122,393
0.25%, 08/31/2025		2,242		2,052,497
0.25%, 09/30/2025		1,168		1,067,807
0.375%, 04/30/2025		1,430		1,324,968
0.375%, 01/31/2026		2,433		2,207,459
0.50%, 03/31/2025		99		92,007
0.50%, 02/28/2026		1,120		1,016,918
0.625%, 05/15/2030		934		763,510
0.625%, 08/15/2030		997		811,864
0.75%, 04/30/2026		908		826,898
0.75%, 05/31/2026		1,952		1,773,426
0.75%, 08/31/2026		1,015		916,582
0.875%, 09/30/2026		1,513		1,369,174
1.00%, 07/31/2028		1,145		999,728
1.125%, 10/31/2026		1,163		1,059,965
1.25%, 12/31/2026		919		838,510
1.375%, 11/15/2031		861		726,065
1.50%, 08/15/2026		1,541		1,429,037
1.50%, 02/15/2030		523		457,777
1.625%, 02/15/2026		2,203		2,070,132
1.625%, 08/15/2029		937		835,133
1.625%, 05/15/2031		3,081		2,675,656
1.75%, 11/15/2029		984		883,230
1.875%, 02/28/2027		917		854,959
1.875%, 02/15/2032		1,787		1,567,255
2.00%, 02/15/2025		1,108		1,064,180
2.00%, 08/15/2025		811		775,201
2.00%, 11/15/2026		4,808		4,518,957
2.125%, 05/15/2025		3,023		2,903,873
2.25%, 11/15/2024		247		239,475
2.25%, 11/15/2025		909		872,218
2.25%, 02/15/2027		865		818,493
2.25%, 08/15/2027		2,999		2,827,023
2.25%, 11/15/2027		3,588		3,372,535
2.375%, 08/15/2024		464		451,847
2.375%, 05/15/2027		4,367		4,144,651
2.375%, 05/15/2029		1,327		1,237,521
2.50%, 05/15/2024		1,541		1,506,320
2.625%, 02/15/2029		451		426,968
2.75%, 02/15/2024		3,213		3,158,071
2.75%, 02/15/2028		129		123,492

33

			Principal Amount (000)		U.S. $ Value
2.75%, 08/15/2032		$		949	$	891,684
2.875%, 05/15/2028				400		385,727
2.875%, 05/15/2032				2,242		2,131,937
3.125%, 11/15/2028				912		888,105
3.125%, 08/31/2029				727		706,829
3.50%, 02/15/2033				452		452,553
3.625%, 03/31/2028				816		816,874
4.125%, 10/31/2027				603		613,616
4.125%, 11/15/2032				787		825,930
Total Governments - Treasuries (cost $97,328,517)						89,596,894
	Notional Amount
PURCHASED OPTIONS – PUTS – 0.3%
Options on Equity Indices – 0.3%
Euro STOXX 50 Index Expiration: Feb 2024; Contracts: 880; Exercise Price: EUR 3,500.00; Counterparty: UBS AG(a)		EUR		3,080,000		87,552
FTSE 100 Index Expiration: Jan 2024; Contracts: 190; Exercise Price: GBP 6,600.00; Counterparty: UBS AG(a)		GBP		1,254,000		29,977
Nikkei 225 Index Expiration: Mar 2024; Contracts: 12,000; Exercise Price: JPY 22,000.00; Counterparty: UBS AG(a)		JPY		264,000,000		39,884
S&P 500 Index Expiration: Jan 2024; Contracts: 7,100; Exercise Price: USD 3,300.00; Counterparty: UBS AG(a)		USD		23,430,000		490,084
Total Purchased Options - Puts (premiums paid $744,776)						647,497
	Principal Amount (000)
SHORT-TERM INVESTMENTS – 1.3%
U.S. Treasury Bills – 1.1%
U.S. Treasury Bills Zero Coupon, 05/11/2023 (cost $2,772,012)		$		2,786		2,771,939
	Shares
Investment Companies – 0.2%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.75%(d) (e) (f) (cost $594,408)				594,408		594,408
Total Short-Term Investments (cost $3,366,420)						3,366,347
Total Investments Before Security Lending Collateral for Securities Loaned – 99.0% (cost $194,346,126)						240,622,327

34

Company	Shares		U.S. $ Value
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%
Investment Companies – 0.3%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.75%(d) (e) (f) (cost $783,924)		783,924	$	783,924
Total Investments – 99.3% (cost $195,130,050)(g)				241,406,251
Other assets less liabilities – 0.7%				931,539
Net Assets – 100.0%			$	242,337,790

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Purchased Contracts
10 Yr Australian Bond Futures		15		June 2023		$	1,232,152		$	16,438
Euro STOXX 50 Index Futures		2		June 2023			92,421			4,162
FTSE 100 Index Futures		8		June 2023			753,877			11,208
MSCI EAFE Futures		1		June 2023			104,825			3,130
MSCI Emerging Markets Futures		48		June 2023			2,389,200			90,615
Nikkei 225 (OSE) Futures		2		June 2023			422,369			870
OMXS 30 Index Futures		48		April 2023			1,025,185			40,304
TOPIX Index Futures		2		June 2023			301,789			(1,343	)
U.S. T-Note 10 Yr (CBT) Futures		26		June 2023			2,987,969			79,182
U.S. T-Note 2 Yr (CBT) Futures		12		June 2023			2,477,438			27,266
U.S. Ultra Bond (CBT) Futures		8		June 2023			1,129,000			46,386
Sold Contracts
MSCI Singapore IX ETS Futures		25		April 2023			575,312			(10,638	)
S&P 500 E-Mini Futures		13		June 2023			2,689,538			(66,987	)
S&P/TSX 60 Index Futures		15		June 2023			2,684,129			(46,389	)
SPI 200 Futures		18		June 2023			2,163,071			(52,938	)
									$	141,266

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Bank of America, NA		EUR	2,620		USD	2,814		05/11/2023	$	(32,940	)
Bank of America, NA		USD	3,094		EUR	2,906		05/11/2023		64,488
BNP Paribas SA		SEK	10,899		USD	1,055		04/21/2023		4,352
BNP Paribas SA		USD	1,111		JPY	146,502		04/28/2023		(3,564	)
Citibank, NA		AUD	1,981		USD	1,320		04/13/2023		(4,218	)
Citibank, NA		JPY	572,298		USD	4,341		04/28/2023		15,804
Citibank, NA		USD	1,238		JPY	160,738		04/28/2023		(22,821	)
Goldman Sachs Bank USA		USD	3,052		EUR	2,826		05/11/2023		18,771

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Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Goldman Sachs Bank USA		CHF	1,584		USD	1,729		05/24/2023	$	(11,869	)
Goldman Sachs Bank USA		USD	2,626		CHF	2,377		05/24/2023		(13,439	)
Goldman Sachs Bank USA		USD	2,865		CAD	3,907		06/09/2023		29,273
HSBC Bank USA		USD	1,268		SEK	13,388		04/21/2023		22,896
JPMorgan Chase Bank, NA		USD	2,511		GBP	2,048		05/24/2023		18,103
Morgan Stanley Capital Services, Inc.		USD	4,235		AUD	6,142		04/13/2023		(128,336	)
Morgan Stanley Capital Services, Inc.		SEK	30,514		USD	2,940		04/21/2023		(3,039	)
Morgan Stanley Capital Services, Inc.		USD	1,538		SEK	15,981		04/21/2023		3,498
Morgan Stanley Capital Services, Inc.		JPY	178,376		USD	1,344		04/28/2023		(4,442	)
Morgan Stanley Capital Services, Inc.		CHF	3,961		USD	4,262		05/24/2023		(90,599	)
State Street Bank & Trust Co.		USD	92		AUD	132		04/13/2023		(3,725	)
State Street Bank & Trust Co.		NZD	156		USD	101		04/20/2023		3,174
State Street Bank & Trust Co.		NOK	6,117		USD	602		04/21/2023		17,561
State Street Bank & Trust Co.		USD	776		NOK	8,170		04/21/2023		4,529
State Street Bank & Trust Co.		USD	314		NOK	3,137		04/21/2023		(13,837	)
State Street Bank & Trust Co.		USD	209		SEK	2,209		04/21/2023		3,797
State Street Bank & Trust Co.		USD	527		JPY	68,503		04/28/2023		(9,533	)
State Street Bank & Trust Co.		EUR	673		USD	719		05/11/2023		(11,828	)
State Street Bank & Trust Co.		USD	418		EUR	386		05/11/2023		2,034
									$	(145,910	)

CENTRALLY CLEARED CREDIT DEFAULT SWAPS

Description	Fixed Rate (Pay) Receive			Payment Frequency	Implied Credit Spread at March 31, 2023	Notional Amount (000)		Market Value		Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)
Sale Contracts
CDX-NAHY Series 39, 5 Year Index, 12/20/2027*		5.00	%	Quarterly	4.69%		USD 2,450	$	33,516	$	50,524	$	(17,008	)

* Termination date

TOTAL RETURN SWAPS

Counterparty & Referenced Obligation	Rate Paid/ Received	Payment Frequency		Current Notional (000)			Maturity Date		Unrealized Appreciation (Depreciation)
Receive Total Return on Reference Obligation
Morgan Stanley Capital Services LLC
Swiss Market Index Futures	0.00%		Maturity		CHF	110		06/16/2023	$	5,955

(a) Non-income producing security.

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

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(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, 2023, the aggregate market value of these securities amounted to $673,651 or 0.3% of net assets.

(d) Affiliated investments.

(e) 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.

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

(g) As of March 31, 2023, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $62,103,568 and gross unrealized depreciation of investments was $(15,843,064), resulting in net unrealized appreciation of $46,260,504.

Currency Abbreviations:

AUD – Australian Dollar

CAD – Canadian Dollar

CHF – Swiss Franc

EUR – Euro

GBP – Great British Pound

JPY – Japanese Yen

NOK – Norwegian Krone

NZD – New Zealand Dollar

SEK – Swedish Krona

USD – United States Dollar

Glossary:

ADR – American Depositary Receipt

CBT – Chicago Board of Trade

CDX-NAHY – North American High Yield Credit Default Swap Index

EAFE – Europe, Australia, and Far East

ETS – Emission Trading Scheme

FTSE – Financial Times Stock Exchange

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

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AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio    

March 31, 2023 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Portfolio. Unobservable inputs reflect the Portfolio’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

• Level 1 - quoted prices in active markets for identical investments

• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

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

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of March 31, 2023:

Investments in Securities:	Level 1			Level 2			Level 3		Total
Assets:
Common Stocks:
Information Technology	$	26,707,823		$	3,374,326		$	—	$	30,082,149
Financials		14,358,271			7,487,144			—		21,845,415
Health Care		14,148,300			5,467,234			—		19,615,534
Industrials		9,626,365			6,520,279			—		16,146,644
Consumer Discretionary		10,431,807			5,189,840			—		15,621,647
Consumer Staples		7,247,898			4,429,273			—		11,677,171
Communication Services		8,389,970			1,818,669			—		10,208,639
Energy		5,429,712			1,873,390			—		7,303,102
Materials		3,250,512			3,277,955			—		6,528,467
Utilities		2,923,655			1,421,757			—		4,345,412
Equity Real Estate Investment Trusts (REITs)		2,673,152			964,257			—		3,637,409
Governments - Treasuries		—			89,596,894			—		89,596,894
Purchased Options - Puts		—			647,497			—		647,497
Short-Term Investments:
U.S. Treasury Bills		—			2,771,939			—		2,771,939
Investment Companies		594,408			—			—		594,408
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		783,924			—			—		783,924
Total Investments in Securities		106,565,797			134,840,454			—		241,406,251
Other Financial Instruments(a):
Assets:
Futures		319,561			—			—		319,561
Forward Currency Exchange Contracts		—			208,280			—		208,280
Centrally Cleared Credit Default Swaps		—			33,516			—		33,516
Total Return Swaps		—			5,955			—		5,955
Liabilities:
Futures		(178,295	)		—			—		(178,295	)
Forward Currency Exchange Contracts		—			(354,190	)		—		(354,190	)
Total	$	106,707,063		$	134,734,015		$	—	$	241,441,078

^(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, written options and written swaptions which are valued at market value.

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A summary of the Portfolio’s transactions in AB mutual funds for the three months ended March 31, 2023 is as follows:

Portfolio	Market Value 12/31/2022 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 03/31/2023 (000)		Dividend Income (000)
Government Money Market Portfolio	$	3,658	$	9,038	$	12,102	$	594	$	25
Government Money Market Portfolio*		165		2,378		1,759		784		5
Total	$	3,823	$	11,416	$	13,861	$	1,378	$	30

* Investments of cash collateral for securities lending transactions.

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