AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

Portfolio of Investments

March 31, 2024 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 61.6%
Information Technology – 14.7%
Communications Equipment – 0.4%
Arista Networks, Inc.(a)		652	$	189,067
Cisco Systems, Inc.		10,013		499,749
F5, Inc.(a)		147		27,870
Juniper Networks, Inc.		789		29,240
Motorola Solutions, Inc.		409		145,187
Nokia Oyj		13,145		46,640
Telefonaktiebolaget LM Ericsson - Class B		7,218		38,819
				976,572
Electronic Equipment, Instruments & Components – 0.5%
Amphenol Corp. - Class A		1,475		170,141
Azbil Corp.		299		8,272
CDW Corp./DE		330		84,407
Corning, Inc.		1,998		65,854
Halma PLC		936		27,949
Hamamatsu Photonics KK		349		12,304
Hexagon AB - Class B		5,118		60,499
Hirose Electric Co., Ltd.		89		9,146
Ibiden Co., Ltd.		241		10,794
Jabil, Inc.		314		42,060
Keyence Corp.		524		243,273
Keysight Technologies, Inc.(a)		432		67,556
Kyocera Corp.		3,136		42,057
Murata Manufacturing Co., Ltd.		4,251		79,504
Omron Corp.		453		16,221
Shimadzu Corp.		578		16,100
TDK Corp.		962		47,242
TE Connectivity Ltd.		763		110,818
Teledyne Technologies, Inc.(a)		116		49,801
Trimble, Inc.(a)		613		39,453
Yaskawa Electric Corp.		607		25,843
Yokogawa Electric Corp.		534		12,298
Zebra Technologies Corp. - Class A(a)		127		38,283
				1,279,875
IT Services – 0.8%
Accenture PLC - Class A		1,545		535,513
Akamai Technologies, Inc.(a)		372		40,459
Bechtle AG		202		10,677
Capgemini SE		383		88,132
CGI, Inc.(a)		508		56,045
Cognizant Technology Solutions Corp. - Class A		1,236		90,586
EPAM Systems, Inc.(a)		142		39,215
Fujitsu Ltd.		4,510		72,178
Gartner, Inc.(a)		192		91,521
GoDaddy, Inc. - Class A(a)		330		39,164
International Business Machines Corp.		2,250		429,660
MongoDB, Inc.(a) (b)		178		63,838
NEC Corp.		609		44,460
Nomura Research Institute Ltd.		954		26,949
NTT Data Group Corp.		1,522		24,197
Obic Co., Ltd.		221		33,382
Okta, Inc.(a)		390		40,802

1

Company	Shares		U.S. $ Value
Otsuka Corp.		660	$	14,004
SCSK Corp.		392		7,286
Shopify, Inc. - Class A(a)		2,972		229,282
Snowflake, Inc. - Class A(a)		690		111,504
TIS, Inc.		494		10,599
Twilio, Inc. - Class A(a)		424		25,928
VeriSign, Inc.(a)		227		43,019
Wix.com Ltd.(a)		134		18,422
				2,186,822
Semiconductors & Semiconductor Equipment – 5.1%
Advanced Micro Devices, Inc.(a)		3,981		718,531
Advantest Corp.		1,908		84,759
Analog Devices, Inc.		1,223		241,897
Applied Materials, Inc.		2,048		422,359
ASM International NV		116		71,039
ASML Holding NV		993		962,675
BE Semiconductor Industries NV		190		29,104
Broadcom, Inc.		1,098		1,455,300
Disco Corp.		268		97,963
Enphase Energy, Inc.(a)		337		40,770
Entegris, Inc.		370		52,000
First Solar, Inc.(a)		250		42,200
Infineon Technologies AG		3,220		109,498
Intel Corp.		10,389		458,882
KLA Corp.		335		234,021
Lam Research Corp.		325		315,760
Lasertec Corp.		171		48,740
Lattice Semiconductor Corp.(a)		340		26,598
Marvell Technology, Inc.		2,131		151,045
Microchip Technology, Inc.		1,334		119,673
Micron Technology, Inc.		2,721		320,779
Monolithic Power Systems, Inc.		118		79,936
NVIDIA Corp.		6,087		5,499,970
NXP Semiconductors NV		635		157,334
ON Semiconductor Corp.(a)		1,062		78,110
Qorvo, Inc.(a)		240		27,559
QUALCOMM, Inc.		2,755		466,422
Renesas Electronics Corp.		3,617		64,457
Rohm Co., Ltd.		816		13,088
SCREEN Holdings Co., Ltd.		200		25,931
Skyworks Solutions, Inc.		394		42,678
STMicroelectronics NV		1,685		72,519
SUMCO Corp.		834		13,186
Teradyne, Inc.		377		42,537
Texas Instruments, Inc.		2,238		389,882
Tokyo Electron Ltd.		1,190		309,934
				13,287,136
Software – 5.2%
Adobe, Inc.(a)		1,114		562,124
ANSYS, Inc.(a)		214		74,292
AppLovin Corp. - Class A(a)		391		27,065
Aspen Technology, Inc.(a)		71		15,143
Atlassian Corp., Ltd. - Class A(a)		382		74,532

2

Company	Shares		U.S. $ Value
Autodesk, Inc.(a)		527	$	137,241
Bentley Systems, Inc. - Class B		526		27,468
BILL Holdings, Inc.(a)		237		16,287
Cadence Design Systems, Inc.(a)		671		208,869
Check Point Software Technologies Ltd.(a)		231		37,886
Cloudflare, Inc. - Class A(a)		730		70,686
Coinbase Global, Inc. - Class A(a)		428		113,471
Confluent, Inc. - Class A(a)		464		14,161
Constellation Software, Inc./Canada		50		136,577
Crowdstrike Holdings, Inc. - Class A(a)		561		179,851
CyberArk Software Ltd.(a)		103		27,360
Dassault Systemes SE		1,647		72,908
Datadog, Inc. - Class A(a)		673		83,183
Descartes Systems Group, Inc. (The)(a)		210		19,209
DocuSign, Inc.(a)		503		29,954
Dropbox, Inc. - Class A(a)		632		15,358
Fair Isaac Corp.(a)		61		76,226
Fortinet, Inc.(a)		1,609		109,911
Gen Digital, Inc.		1,421		31,830
HubSpot, Inc.(a)		118		73,934
Intuit, Inc.		690		448,500
Manhattan Associates, Inc.(a)		152		38,035
Microsoft Corp.		17,399		7,320,107
Monday.com Ltd.(a)		71		16,037
Nemetschek SE		142		14,056
Nice Ltd.(a)		156		40,598
Open Text Corp.		669		25,959
Oracle Corp.		4,064		510,479
Oracle Corp. Japan		142		10,679
Palantir Technologies, Inc. - Class A(a)		4,592		105,662
Palo Alto Networks, Inc.(a)		777		220,769
PTC, Inc.(a)		294		55,548
Roper Technologies, Inc.		263		147,501
Sage Group PLC (The)		2,514		40,179
Salesforce, Inc.		2,385		718,314
Samsara, Inc. - Class A(a)		424		16,023
SAP SE		2,573		501,012
ServiceNow, Inc.(a)		505		385,012
Synopsys, Inc.(a)		375		214,313
Temenos AG (REG)		158		11,302
Trend Micro, Inc./Japan		289		14,677
Tyler Technologies, Inc.(a)		104		44,201
UiPath, Inc. - Class A(a)		954		21,627
Unity Software, Inc.(a)		609		16,260
WiseTech Global Ltd.(b)		411		25,138
Workday, Inc. - Class A(a)		515		140,466
Xero Ltd.(a)		355		30,824
Zoom Video Communications, Inc. - Class A(a)		604		39,483
Zscaler, Inc.(a)		219		42,186
				13,450,473

3

Company	Shares		U.S. $ Value
Technology Hardware, Storage & Peripherals – 2.7%
Apple, Inc.		36,195	$	6,206,718
Brother Industries Ltd.		585		10,849
Canon, Inc.(b)		2,511		74,815
Dell Technologies, Inc. - Class C		592		67,553
FUJIFILM Holdings Corp.		2,727		61,234
Hewlett Packard Enterprise Co.		3,203		56,789
HP, Inc.		2,321		70,141
Logitech International SA (REG)		405		36,292
NetApp, Inc.		508		53,325
Ricoh Co., Ltd.		1,372		12,190
Seagate Technology Holdings PLC		490		45,594
Seiko Epson Corp.(b)		692		12,105
Super Micro Computer, Inc.(a)		124		125,244
Western Digital Corp.(a)		799		54,524
				6,887,373
				38,068,251
Financials – 9.4%
Banks – 3.5%
ABN AMRO Bank NV		1,174		20,090
AIB Group PLC		3,873		19,661
ANZ Group Holdings Ltd.		7,415		142,117
Banco Bilbao Vizcaya Argentaria SA(b)		14,392		171,387
Banco BPM SpA		2,988		19,880
Banco Santander SA		39,898		194,879
Bank Hapoalim BM		3,132		29,351
Bank Leumi Le-Israel BM		3,754		31,205
Bank of America Corp.		17,551		665,534
Bank of Ireland Group PLC		2,605		26,584
Bank of Montreal(b)		1,777		173,495
Bank of Nova Scotia (The)(b)		2,993		154,826
Banque Cantonale Vaudoise (REG)		74		8,609
Barclays PLC		37,353		86,571
BNP Paribas SA		2,546		181,262
BOC Hong Kong Holdings Ltd.		9,031		24,215
CaixaBank SA(b)		9,246		44,867
Canadian Imperial Bank of Commerce(b)		2,296		116,398
Chiba Bank Ltd. (The)		1,314		10,934
Citigroup, Inc.		4,690		296,596
Citizens Financial Group, Inc.		1,150		41,733
Commerzbank AG		2,599		35,721
Commonwealth Bank of Australia(b)		4,127		323,719
Concordia Financial Group Ltd.		2,621		13,174
Credit Agricole SA		2,634		39,294
Danske Bank A/S		1,700		51,028
DBS Group Holdings Ltd.		4,175		111,422
DNB Bank ASA		2,281		45,341
Erste Group Bank AG		848		37,793
Fifth Third Bancorp		1,679		62,476
FinecoBank Banca Fineco SpA		1,505		22,540
First Citizens BancShares, Inc./NC - Class A		25		40,875
Hang Seng Bank Ltd.		1,905		20,882
HSBC Holdings PLC		47,208		369,017
Huntington Bancshares, Inc./OH		3,569		49,788
ING Groep NV		8,193		134,884
Intesa Sanpaolo SpA		36,060		130,917

4

Company	Shares		U.S. $ Value
Israel Discount Bank Ltd. - Class A		3,049	$	15,768
Japan Post Bank Co., Ltd.		3,518		37,802
JPMorgan Chase & Co.		7,124		1,426,937
KBC Group NV		617		46,258
KeyCorp		2,308		36,489
Lloyds Banking Group PLC		156,710		102,488
M&T Bank Corp.		405		58,903
Mediobanca Banca di Credito Finanziario SpA(b)		1,257		18,731
Mitsubishi UFJ Financial Group, Inc.		27,387		278,638
Mizrahi Tefahot Bank Ltd.		382		14,321
Mizuho Financial Group, Inc.		5,954		117,742
National Australia Bank Ltd.		7,690		174,118
National Bank of Canada(b)		834		70,227
NatWest Group PLC		14,063		47,102
Nordea Bank Abp (Helsinki)		7,828		88,493
Oversea-Chinese Banking Corp., Ltd.		8,327		83,202
PNC Financial Services Group, Inc. (The)		982		158,691
Regions Financial Corp.		2,293		48,245
Resona Holdings, Inc.		5,222		32,191
Royal Bank of Canada		3,466		349,581
Shizuoka Financial Group, Inc.		1,194		11,361
Skandinaviska Enskilda Banken AB - Class A		3,912		52,998
Societe Generale SA		1,781		47,718
Standard Chartered PLC		5,584		47,340
Sumitomo Mitsui Financial Group, Inc.		3,133		183,195
Sumitomo Mitsui Trust Holdings, Inc.		1,634		35,207
Svenska Handelsbanken AB - Class A		3,595		36,345
Swedbank AB - Class A(b)		2,093		41,541
Toronto-Dominion Bank (The)		4,371		263,799
Truist Financial Corp.		3,288		128,166
UniCredit SpA		3,799		144,283
United Overseas Bank Ltd.		2,692		58,524
US Bancorp		3,841		171,693
Wells Fargo & Co.		8,949		518,684
Westpac Banking Corp.		8,632		146,814
				9,042,660
Capital Markets – 1.8%
3i Group PLC		2,399		85,062
abrdn PLC		4,538		8,084
Ameriprise Financial, Inc.		249		109,172
Amundi SA		151		10,372
Ares Management Corp. - Class A		412		54,788
ASX Ltd.(b)		470		20,334
Bank of New York Mellon Corp. (The)		1,872		107,865
BlackRock, Inc.		367		305,968
Blackstone, Inc.		1,752		230,160
Brookfield Asset Management Ltd. - Class A (Toronto)(b)		865		36,336
Brookfield Corp. (Toronto)		3,424		143,274
Carlyle Group, Inc. (The)		534		25,050
Cboe Global Markets, Inc.		260		47,770
Charles Schwab Corp. (The)		3,711		268,454
CME Group, Inc.		887		190,962
Daiwa Securities Group, Inc.		3,263		24,826
Deutsche Bank AG (REG)		4,778		75,255
Deutsche Boerse AG		468		95,842
EQT AB(b)		920		29,127
Euronext NV		211		20,081

5

Company	Shares		U.S. $ Value
FactSet Research Systems, Inc.		94	$	42,713
Franklin Resources, Inc.		733		20,605
Futu Holdings Ltd. (ADR)(a)		150		8,122
Goldman Sachs Group, Inc. (The)		804		335,823
Hargreaves Lansdown PLC		877		8,139
Hong Kong Exchanges & Clearing Ltd.		3,001		87,444
IGM Financial, Inc.(b)		205		5,286
Intercontinental Exchange, Inc.		1,411		193,914
Japan Exchange Group, Inc.		1,188		32,178
Julius Baer Group Ltd.		508		29,463
KKR & Co., Inc.		1,418		142,622
London Stock Exchange Group PLC		1,027		122,885
LPL Financial Holdings, Inc.		186		49,141
Macquarie Group Ltd.		902		117,330
MarketAxess Holdings, Inc.		93		20,390
Moody’s Corp.		406		159,570
Morgan Stanley		3,034		285,681
MSCI, Inc.		195		109,288
Nasdaq, Inc.		853		53,824
Nomura Holdings, Inc.		7,421		47,498
Northern Trust Corp.		510		45,349
Onex Corp.		162		12,135
Partners Group Holding AG		56		79,995
Raymond James Financial, Inc.		491		63,054
Robinhood Markets, Inc. - Class A(a)		1,001		20,150
S&P Global, Inc.		798		339,509
SBI Holdings, Inc.		595		15,607
Schroders PLC		1,987		9,440
SEI Investments Co.		276		19,844
Singapore Exchange Ltd.		1,635		11,158
St. James’s Place PLC		1,352		7,932
State Street Corp.		761		58,840
T. Rowe Price Group, Inc.		551		67,178
TMX Group Ltd.		684		18,042
Tradeweb Markets, Inc. - Class A		269		28,022
UBS Group AG (REG)		8,106		249,591
				4,806,544
Consumer Finance – 0.2%
Ally Financial, Inc.		669		27,155
American Express Co.		1,437		327,191
Capital One Financial Corp.		939		139,808
Discover Financial Services		616		80,751
Synchrony Financial		1,020		43,982
				618,887
Financial Services – 1.9%
Adyen NV(a) (b)		54		91,213
Apollo Global Management, Inc.		979		110,089
Berkshire Hathaway, Inc. - Class B(a)		3,230		1,358,280
Block, Inc.(a)		1,365		115,452
Corebridge Financial, Inc.		615		17,669
Corpay, Inc.(a)		178		54,920
Edenred SE		615		32,838
Equitable Holdings, Inc.		834		31,700
Eurazeo SE		103		9,025
EXOR NV		231		25,707
Fidelity National Information Services, Inc.		1,461		108,377

6

Company	Shares		U.S. $ Value
Fiserv, Inc.(a)		1,480	$	236,534
Global Payments, Inc.		642		85,810
Groupe Bruxelles Lambert NV		217		16,405
Industrivarden AB - Class A		314		10,798
Industrivarden AB - Class C		371		12,757
Investor AB - Class B		4,267		107,077
Jack Henry & Associates, Inc.		180		31,271
L E Lundbergforetagen AB - Class B		187		10,122
M&G PLC		5,547		15,439
Mastercard, Inc. - Class A		2,064		993,961
Mitsubishi HC Capital, Inc.		2,023		14,110
Nexi SpA(a)		1,456		9,225
ORIX Corp.		2,931		64,106
PayPal Holdings, Inc.(a)		2,525		169,150
Sofina SA(b)		38		8,521
Toast, Inc. - Class A(a)		839		20,908
Visa, Inc. - Class A		3,900		1,088,412
Wise PLC - Class A(a)		1,516		17,721
Worldline SA/France(a)		593		7,336
				4,874,933
Insurance – 2.0%
Admiral Group PLC		642		23,008
Aegon Ltd.(b)		3,579		21,835
Aflac, Inc.		1,369		117,542
Ageas SA/NV		394		18,252
AIA Group Ltd.		28,037		188,593
Allianz SE (REG)		965		289,227
Allstate Corp. (The)		641		110,899
American Financial Group, Inc./OH		176		24,020
American International Group, Inc.		1,731		135,312
Aon PLC - Class A		494		164,858
Arch Capital Group Ltd.(a)		920		85,045
Arthur J Gallagher & Co.		532		133,021
ASR Nederland NV(b)		391		19,163
Assicurazioni Generali SpA		2,498		63,233
Assurant, Inc.		130		24,471
Aviva PLC		6,753		42,373
AXA SA		4,477		168,137
Baloise Holding AG (REG)		113		17,719
Brown & Brown, Inc.		596		52,174
Chubb Ltd.		1,006		260,685
Cincinnati Financial Corp.		387		48,054
Dai-ichi Life Holdings, Inc.		2,313		58,992
Erie Indemnity Co. - Class A		63		25,299
Everest Group Ltd.		107		42,533
Fairfax Financial Holdings Ltd.		52		56,052
Fidelity National Financial, Inc.		637		33,825
Gjensidige Forsikring ASA		493		7,156
Globe Life, Inc.		232		26,998
Great-West Lifeco, Inc.		688		22,003
Hannover Rueck SE		149		40,800
Hartford Financial Services Group, Inc. (The)		738		76,051
Helvetia Holding AG (REG)(b)		91		12,546
iA Financial Corp., Inc.		246		15,282
Insurance Australia Group Ltd.		5,920		24,694
Intact Financial Corp.		439		71,313

7

Company	Shares		U.S. $ Value
Japan Post Holdings Co., Ltd.		5,167	$	52,058
Japan Post Insurance Co., Ltd.(b)		492		9,405
Legal & General Group PLC		14,739		47,352
Loews Corp.		468		36,640
Manulife Financial Corp.		4,453		111,214
Markel Group, Inc.(a)		33		50,209
Marsh & McLennan Cos., Inc.		1,215		250,266
Medibank Pvt Ltd.		6,789		16,634
MetLife, Inc.		1,551		114,945
MS&AD Insurance Group Holdings, Inc.		3,276		57,846
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (REG)		336		164,015
NN Group NV		667		30,792
Phoenix Group Holdings PLC		1,852		12,931
Poste Italiane SpA(b)		1,127		14,115
Power Corp. of Canada(b)		1,399		39,226
Principal Financial Group, Inc.		588		50,750
Progressive Corp. (The)		1,442		298,234
Prudential Financial, Inc.		890		104,486
Prudential PLC		6,778		63,568
QBE Insurance Group Ltd.		3,683		43,536
Sampo Oyj - Class A		1,113		47,476
Sompo Holdings, Inc.		2,166		45,399
Sun Life Financial, Inc.		1,440		78,573
Suncorp Group Ltd.		3,131		33,420
Swiss Life Holding AG (REG)		73		51,202
Swiss Re AG		744		95,704
T&D Holdings, Inc.		1,196		20,791
Talanx AG		159		12,596
Tokio Marine Holdings, Inc.		4,412		138,300
Travelers Cos., Inc. (The)		563		129,569
Tryg A/S		861		17,749
Willis Towers Watson PLC		255		70,125
WR Berkley Corp.		508		44,928
Zurich Insurance Group AG		361		195,017
				5,070,236
Mortgage Real Estate Investment Trusts (REITs) – 0.0%
Annaly Capital Management, Inc.		1,233		24,278
				24,437,538
Health Care – 7.4%
Biotechnology – 1.0%
AbbVie, Inc.		4,351		792,317
Alnylam Pharmaceuticals, Inc.(a)		309		46,180
Amgen, Inc.		1,319		375,018
Argenx SE(a)		146		57,564
Biogen, Inc.(a)		357		76,980
BioMarin Pharmaceutical, Inc.(a)		464		40,526
CSL Ltd.		1,191		223,464
Exact Sciences Corp.(a)		446		30,801
Genmab A/S(a)		163		48,872
Gilead Sciences, Inc.		3,072		225,024
Grifols SA(a) (b)		735		6,611
Incyte Corp.(a)		470		26,776
Moderna, Inc.(a)		799		85,141

8

Company	Shares		U.S. $ Value
Neurocrine Biosciences, Inc.(a)		242	$	33,377
Regeneron Pharmaceuticals, Inc.(a)		264		254,097
Swedish Orphan Biovitrum AB(a)		480		11,982
United Therapeutics Corp.(a)		116		26,648
Vertex Pharmaceuticals, Inc.(a)		635		265,436
				2,626,814
Health Care Equipment & Supplies – 1.4%
Abbott Laboratories		4,278		486,238
Alcon, Inc.		1,232		101,900
Align Technology, Inc.(a)		179		58,698
Asahi Intecc Co., Ltd.(b)		541		9,478
Avantor, Inc.(a)		1,667		42,625
Baxter International, Inc.		1,251		53,468
Becton Dickinson & Co.		714		176,679
BioMerieux		102		11,250
Boston Scientific Corp.(a)		3,611		247,317
Carl Zeiss Meditec AG		99		12,358
Cochlear Ltd.(b)		161		35,409
Coloplast A/S - Class B		311		41,990
Cooper Cos., Inc. (The)		488		49,513
Demant A/S(a)		248		12,326
Dexcom, Inc.(a)		953		132,181
DiaSorin SpA		55		5,308
Edwards Lifesciences Corp.(a)		1,495		142,862
EssilorLuxottica SA		727		164,456
Fisher & Paykel Healthcare Corp., Ltd.		1,439		22,052
GE Healthcare, Inc.		1,010		91,819
Getinge AB - Class B		564		11,344
Hologic, Inc.(a)		592		46,152
Hoya Corp.		848		106,060
IDEXX Laboratories, Inc.(a)		205		110,686
Insulet Corp.(a)		172		29,481
Intuitive Surgical, Inc.(a)		868		346,410
Koninklijke Philips NV		1,914		38,307
Medtronic PLC		3,277		285,591
Olympus Corp.		2,980		42,907
ResMed, Inc.		363		71,885
Siemens Healthineers AG(a)		695		42,505
Smith & Nephew PLC		2,155		26,978
Sonova Holding AG (REG)		125		36,199
STERIS PLC		244		54,856
Straumann Holding AG (REG)		275		43,878
Stryker Corp.		843		301,684
Sysmex Corp.		1,173		20,932
Teleflex, Inc.		116		26,236
Terumo Corp.		3,302		60,422
Zimmer Biomet Holdings, Inc.		515		67,970
				3,668,410
Health Care Providers & Services – 1.2%
Amplifon SpA		307		11,191
Cardinal Health, Inc.		608		68,035
Cencora, Inc.		421		102,299
Centene Corp.(a)		1,317		103,358

9

Company	Shares		U.S. $ Value
Cigna Group (The)		721	$	261,860
CVS Health Corp.		3,172		252,999
DaVita, Inc.(a)		135		18,637
EBOS Group Ltd.		378		7,731
Elevance Health, Inc.		579		300,235
Fresenius Medical Care AG		506		19,443
Fresenius SE & Co. KGaA		1,041		28,072
HCA Healthcare, Inc.		495		165,097
Henry Schein, Inc.(a)		320		24,166
Humana, Inc.		304		105,403
Laboratory Corp. of America Holdings		209		45,658
McKesson Corp.		328		176,087
Molina Healthcare, Inc.(a)		144		59,160
Quest Diagnostics, Inc.		277		36,871
Ramsay Health Care Ltd.(b)		452		16,640
Sonic Healthcare Ltd.		1,100		21,079
UnitedHealth Group, Inc.		2,279		1,127,421
Universal Health Services, Inc. - Class B		150		27,369
				2,978,811
Health Care Technology – 0.0%
M3, Inc.		1,130		16,262
Veeva Systems, Inc. - Class A(a)		377		87,347
				103,609
Life Sciences Tools & Services – 0.7%
Agilent Technologies, Inc.		722		105,058
Bachem Holding AG (REG)		83		7,948
Bio-Rad Laboratories, Inc. - Class A(a)		53		18,331
Bio-Techne Corp.		390		27,452
Charles River Laboratories International, Inc.(a)		126		34,140
Danaher Corp.		1,730		432,016
Eurofins Scientific SE		333		21,212
Illumina, Inc.(a)		391		53,692
IQVIA Holdings, Inc.(a)		450		113,801
Lonza Group AG (REG)		184		109,958
Mettler-Toledo International, Inc.(a)		53		70,558
QIAGEN NV(a)		545		23,292
Repligen Corp.(a)		131		24,094
Revvity, Inc.		304		31,920
Sartorius AG (Preference Shares)(a)		65		25,812
Sartorius Stedim Biotech(a)		72		20,536
Thermo Fisher Scientific, Inc.		952		553,312
Waters Corp.(a)		146		50,258
West Pharmaceutical Services, Inc.		182		72,019
				1,795,409
Pharmaceuticals – 3.1%
Astellas Pharma, Inc.		4,485		48,181
AstraZeneca PLC		3,820		513,193
Bayer AG (REG)		2,422		74,173
Bristol-Myers Squibb Co.		5,015		271,963
Catalent, Inc.(a)		445		25,120
Chugai Pharmaceutical Co., Ltd.		1,683		64,317
Daiichi Sankyo Co., Ltd.		4,558		145,030

10

Company	Shares		U.S. $ Value
Eisai Co., Ltd.		645	$	26,567
Eli Lilly & Co.		1,988		1,546,584
GSK PLC		10,144		217,796
Hikma Pharmaceuticals PLC		409		9,894
Ipsen SA		93		11,067
Jazz Pharmaceuticals PLC(a)		147		17,702
Johnson & Johnson		5,932		938,383
Kyowa Kirin Co., Ltd.		705		12,684
Merck & Co., Inc.		6,244		823,896
Merck KGaA		319		56,251
Novartis AG (REG)		5,051		489,232
Novo Nordisk A/S - Class B		8,042		1,031,574
Ono Pharmaceutical Co., Ltd.		894		14,648
Orion Oyj - Class B		266		9,916
Otsuka Holdings Co., Ltd.		1,078		44,778
Pfizer, Inc.		13,914		386,114
Recordati Industria Chimica e Farmaceutica SpA		258		14,246
Roche Holding AG (BR)		79		21,304
Roche Holding AG (Genusschein)		1,731		441,957
Royalty Pharma PLC - Class A		936		28,426
Sandoz Group AG(a)		1,009		30,457
Sanofi SA		2,805		272,883
Shionogi & Co., Ltd.		652		33,318
Takeda Pharmaceutical Co., Ltd.		3,943		109,670
Teva Pharmaceutical Industries Ltd. (Sponsored ADR)(a)		2,763		38,986
UCB SA		312		38,515
Viatris, Inc.		2,957		35,307
Zoetis, Inc.		1,132		191,546
				8,035,678
				19,208,731
Industrials – 6.9%
Aerospace & Defense – 1.0%
Airbus SE		1,461		269,158
Axon Enterprise, Inc.(a)		175		54,754
BAE Systems PLC		7,477		127,449
Boeing Co. (The)(a)		1,416		273,274
CAE, Inc.(a)		785		16,209
Dassault Aviation SA		50		11,008
Elbit Systems Ltd.		66		13,784
General Dynamics Corp.		572		161,584
HEICO Corp.		108		20,628
HEICO Corp. - Class A		185		28,479
Howmet Aerospace, Inc.		964		65,967
Huntington Ingalls Industries, Inc.		98		28,564
Kongsberg Gruppen ASA		217		14,983
L3Harris Technologies, Inc.		467		99,518
Leonardo SpA		998		25,073
Lockheed Martin Corp.		550		250,178
Melrose Industries PLC		3,281		27,859
MTU Aero Engines AG		133		33,732
Northrop Grumman Corp.		353		168,967
Rheinmetall AG		107		60,179
Rolls-Royce Holdings PLC(a)		20,750		111,643
RTX Corp.		3,543		345,549
Saab AB - Class B		197		17,524
Safran SA		843		190,916

11

Company	Shares		U.S. $ Value
Singapore Technologies Engineering Ltd.		3,908	$	11,635
Textron, Inc.		483		46,334
Thales SA		233		39,722
TransDigm Group, Inc.		136		167,498
				2,682,168
Air Freight & Logistics – 0.3%
CH Robinson Worldwide, Inc.		288		21,928
Deutsche Post AG		2,444		105,330
DSV A/S		432		70,224
Expeditors International of Washington, Inc.		358		43,522
FedEx Corp.		585		169,498
NIPPON EXPRESS HOLDINGS, Inc.		141		7,197
SG Holdings Co., Ltd.		752		9,523
United Parcel Service, Inc. - Class B		1,782		264,859
Yamato Holdings Co., Ltd.		696		10,017
				702,098
Building Products – 0.5%
A O Smith Corp.		303		27,106
AGC, Inc.		522		18,939
Allegion PLC		216		29,097
Assa Abloy AB - Class B		2,471		70,914
Builders FirstSource, Inc.(a)		304		63,399
Carlisle Cos., Inc.		120		47,022
Carrier Global Corp.		1,993		115,853
Cie de Saint-Gobain SA		1,124		87,238
Daikin Industries Ltd.		619		84,519
Fortune Brands Innovations, Inc.		311		26,332
Geberit AG (REG)		82		48,461
Johnson Controls International PLC		1,678		109,607
Kingspan Group PLC		384		34,973
Lennox International, Inc.		79		38,612
Masco Corp.		553		43,621
Nibe Industrier AB - Class B(b)		3,736		18,371
Otis Worldwide Corp.		1,009		100,164
Owens Corning		218		36,362
ROCKWOOL A/S - Class B(a)		23		7,568
TOTO Ltd.		361		10,121
Trane Technologies PLC		561		168,412
				1,186,691
Commercial Services & Supplies – 0.4%
Brambles Ltd.		3,430		36,098
Cintas Corp.		225		154,582
Copart, Inc.(a)		2,131		123,427
Dai Nippon Printing Co., Ltd.		466		14,271
Element Fleet Management Corp.		959		15,498
GFL Environmental, Inc.		574		19,794
RB Global, Inc.(b)		449		34,198
Rentokil Initial PLC		6,218		36,969
Republic Services, Inc.		543		103,952
Rollins, Inc.		716		33,129
Secom Co., Ltd.		470		34,100
Securitas AB - Class B		1,212		12,495
TOPPAN Holdings, Inc.		536		13,436
Veralto Corp.		577		51,157
Waste Connections, Inc.		635		109,226
Waste Management, Inc.		993		211,658
				1,003,990

12

Company	Shares		U.S. $ Value
Construction & Engineering – 0.2%
ACS Actividades de Construccion y Servicios SA		520	$	21,777
AECOM		335		32,857
Bouygues SA		471		19,229
Eiffage SA		181		20,542
Epiroc AB - Class A		1,624		30,487
Epiroc AB - Class B		961		16,275
Ferrovial SE		1,278		50,598
Kajima Corp.		1,003		20,586
Obayashi Corp.		1,584		18,834
Quanta Services, Inc.		358		93,008
Shimizu Corp.		1,317		8,505
Skanska AB - Class B(b)		839		14,941
Stantec, Inc.(b)		281		23,330
Taisei Corp.		400		14,580
Vinci SA		1,234		158,357
WSP Global, Inc.		307		51,167
				595,073
Electrical Equipment – 0.6%
ABB Ltd. (REG)		3,915		181,618
AMETEK, Inc.		569		104,070
Eaton Corp. PLC		984		307,677
Emerson Electric Co.		1,405		159,355
Fuji Electric Co., Ltd.		330		22,145
Hubbell, Inc.		132		54,787
Legrand SA		651		68,939
Mitsubishi Electric Corp.		4,758		79,644
NIDEC Corp.		983		40,764
Prysmian SpA		648		33,796
Rockwell Automation, Inc.		282		82,155
Schneider Electric SE		1,341		303,168
Siemens Energy AG(a)		1,281		23,511
Vertiv Holdings Co. - Class A		893		72,931
Vestas Wind Systems A/S(a)		2,490		69,455
				1,604,015
Ground Transportation – 0.7%
Aurizon Holdings Ltd.		4,538		11,833
Canadian National Railway Co.		1,346		177,244
Canadian Pacific Kansas City Ltd. (Toronto)(b)		2,297		202,525
Central Japan Railway Co.		1,935		48,056
CSX Corp.		4,872		180,605
East Japan Railway Co.		2,379		45,641
Grab Holdings Ltd. - Class A(a)		4,684		14,708
Hankyu Hanshin Holdings, Inc.		538		15,436
JB Hunt Transport Services, Inc.		203		40,448
Keisei Electric Railway Co., Ltd.		351		14,273
Kintetsu Group Holdings Co., Ltd.(b)		428		12,466
Knight-Swift Transportation Holdings, Inc.		398		21,898
MTR Corp., Ltd.		3,764		12,436
Norfolk Southern Corp.		557		141,963
Odakyu Electric Railway Co., Ltd.		726		10,008
Old Dominion Freight Line, Inc.		484		106,146

13

Company	Shares		U.S. $ Value
TFI International, Inc.(b)		198	$	31,574
Tobu Railway Co., Ltd.		482		12,052
Tokyu Corp.		1,253		15,258
U-Haul Holding Co. (Non-Voting)		239		15,937
Uber Technologies, Inc.(a)		4,564		351,382
Union Pacific Corp.		1,502		369,387
West Japan Railway Co.		1,096		22,841
				1,874,117
Industrial Conglomerates – 0.7%
3M Co.		1,362		144,467
CK Hutchison Holdings Ltd.		6,547		31,508
DCC PLC		244		17,753
General Electric Co.		2,682		470,772
Hikari Tsushin, Inc.		86		16,174
Hitachi Ltd.		2,322		212,185
Honeywell International, Inc.		1,625		333,531
Investment AB Latour - Class B(b)		365		9,595
Jardine Cycle & Carriage Ltd.		1,000		17,905
Jardine Matheson Holdings Ltd.		440		16,413
Keppel Ltd.		3,974		21,595
Lifco AB - Class B		575		15,016
Siemens AG (REG)		1,873		357,629
Smiths Group PLC		857		17,764
				1,682,307
Machinery – 1.2%
Alfa Laval AB		713		28,017
Alstom SA		710		10,812
Atlas Copco AB - Class A		6,622		111,836
Atlas Copco AB - Class B		3,848		56,835
Caterpillar, Inc.		1,255		459,870
CNH Industrial NV		2,467		31,972
Cummins, Inc.		347		102,244
Daifuku Co., Ltd.		706		16,922
Daimler Truck Holding AG		1,319		66,840
Deere & Co.		656		269,445
Dover Corp.		345		61,131
FANUC Corp.		2,370		66,115
Fortive Corp.		866		74,493
GEA Group AG		404		17,081
Graco, Inc.		416		38,879
Hitachi Construction Machinery Co., Ltd.		258		7,784
Hoshizaki Corp.		302		11,019
Husqvarna AB - Class B		863		7,385
IDEX Corp.		186		45,388
Illinois Tool Works, Inc.		742		199,101
Indutrade AB(a)		674		18,358
Ingersoll Rand, Inc.		998		94,760
Knorr-Bremse AG		179		13,539
Komatsu Ltd.		2,300		68,059
Kone Oyj - Class B		806		37,549
Kubota Corp.		2,451		38,455
Makita Corp.		595		16,910
Metso Oyj		1,635		19,422
MINEBEA MITSUMI, Inc.		933		18,301
MISUMI Group, Inc.		730		10,170
Mitsubishi Heavy Industries Ltd.		7,630		69,153
Nordson Corp.		134		36,788

14

Company	Shares		U.S. $ Value
PACCAR, Inc.		1,290	$	159,818
Parker-Hannifin Corp.		317		176,185
Pentair PLC		407		34,774
Rational AG		13		11,201
Sandvik AB		2,628		58,344
Schindler Holding AG		100		25,172
Schindler Holding AG (REG)		58		14,152
Seatrium Ltd.(a) (b)		109,843		6,420
SKF AB - Class B(b)		840		17,148
SMC Corp.		110		62,058
Snap-on, Inc.		130		38,509
Spirax-Sarco Engineering PLC		182		23,091
Stanley Black & Decker, Inc.		378		37,017
Techtronic Industries Co., Ltd.		3,244		44,079
Toro Co. (The)		256		23,457
Toyota Industries Corp.		406		42,480
VAT Group AG(c)		67		34,612
Volvo AB - Class A		494		13,603
Volvo AB - Class B(b)		3,720		100,817
Wartsila OYJ Abp		1,167		17,735
Westinghouse Air Brake Technologies Corp.		442		64,391
Xylem, Inc./NY		594		76,769
				3,206,465
Marine Transportation – 0.1%
AP Moller - Maersk A/S - Class A		7		8,969
AP Moller - Maersk A/S - Class B		10		13,038
Kawasaki Kisen Kaisha Ltd.(b)		900		12,102
Kuehne + Nagel International AG (REG)		134		37,281
Mitsui OSK Lines Ltd.(b)		817		24,924
Nippon Yusen KK(b)		1,089		29,898
SITC International Holdings Co., Ltd.		3,000		5,485
				131,697
Passenger Airlines – 0.0%
Air Canada(a)		433		6,269
ANA Holdings, Inc.		395		8,255
Delta Air Lines, Inc.		397		19,004
Deutsche Lufthansa AG (REG)(a)		1,475		11,592
Japan Airlines Co., Ltd.		358		6,798
Qantas Airways Ltd.(a)		2,083		7,395
Singapore Airlines Ltd.(b)		3,936		18,655
Southwest Airlines Co.		367		10,713
				88,681
Professional Services – 0.6%
Adecco Group AG (REG)		394		15,588
Automatic Data Processing, Inc.		1,014		253,236
Booz Allen Hamilton Holding Corp.		321		47,649
Broadridge Financial Solutions, Inc.		290		59,409
Bureau Veritas SA		727		22,198
Computershare Ltd.		1,327		22,603
Dayforce, Inc.(a) (b)		366		24,233
Equifax, Inc.		304		81,326
Experian PLC		2,265		98,693
Intertek Group PLC		398		25,053

15

Company	Shares		U.S. $ Value
Jacobs Solutions, Inc.		311	$	47,810
Leidos Holdings, Inc.		322		42,211
Paychex, Inc.		798		97,994
Paycom Software, Inc.		133		26,468
Paylocity Holding Corp.(a)		111		19,076
Randstad NV		268		14,152
Recruit Holdings Co., Ltd.		3,586		157,450
RELX PLC (London)		4,648		200,447
Robert Half, Inc.		261		20,692
SGS SA (REG)(a)		369		35,823
SS&C Technologies Holdings, Inc.		549		35,339
Teleperformance SE		141		13,696
Thomson Reuters Corp.		391		60,849
TransUnion		477		38,065
Verisk Analytics, Inc.		357		84,156
Wolters Kluwer NV		613		95,990
				1,640,206
Trading Companies & Distributors – 0.5%
AerCap Holdings NV(a)		494		42,934
Ashtead Group PLC		1,079		76,856
Beijer Ref AB(b)		949		14,091
Brenntag SE		327		27,560
Bunzl PLC		833		32,052
Fastenal Co.		1,409		108,690
Ferguson PLC		502		109,652
ITOCHU Corp.		2,901		124,626
Marubeni Corp.		3,508		60,757
Mitsubishi Corp.		8,533		197,208
Mitsui & Co., Ltd.		3,231		151,054
MonotaRO Co., Ltd.		632		7,607
Reece Ltd.(b)		557		10,199
Rexel SA		556		15,019
Seven Group Holdings Ltd.(b)		403		10,709
Sumitomo Corp.		2,589		62,364
Toromont Industries Ltd.		203		19,535
Toyota Tsusho Corp.		492		33,786
United Rentals, Inc.		167		120,425
Watsco, Inc.		83		35,853
WW Grainger, Inc.		110		111,903
				1,372,880
Transportation Infrastructure – 0.1%
Aena SME SA		185		36,436
Aeroports de Paris SA		85		11,655
Auckland International Airport Ltd.		3,274		16,333
Getlink SE		881		15,000
Transurban Group(b)		7,613		66,044
				145,468
				17,915,856
Consumer Discretionary – 6.6%
Automobile Components – 0.2%
Aisin Corp.		343		14,016
Aptiv PLC(a)		697		55,516
BorgWarner, Inc.		579		20,114

16

Company	Shares		U.S. $ Value
Bridgestone Corp.		1,368	$	60,629
Cie Generale des Etablissements Michelin SCA		1,674		64,153
Continental AG		271		19,562
Denso Corp.		4,640		88,864
Koito Manufacturing Co., Ltd.		462		6,228
Lear Corp.		144		20,863
Magna International, Inc.(b)		671		36,553
Sumitomo Electric Industries Ltd.		1,719		26,637
				413,135
Automobiles – 1.2%
Bayerische Motoren Werke AG		786		90,688
Bayerische Motoren Werke AG (Preference Shares)		145		15,559
Dr. Ing. h.c. F. Porsche AG (Preference Shares)(c)		281		27,948
Ferrari NV		311		135,607
Ford Motor Co.		9,694		128,736
General Motors Co.		3,376		153,102
Honda Motor Co., Ltd.		11,369		140,676
Isuzu Motors Ltd.		1,412		19,087
Mazda Motor Corp.		1,365		15,820
Mercedes-Benz Group AG		1,978		157,522
Nissan Motor Co., Ltd.		5,979		23,692
Porsche Automobil Holding SE (Preference Shares)		377		19,971
Renault SA		474		23,918
Rivian Automotive, Inc. - Class A(a) (b)		1,639		17,947
Stellantis NV (Milan)		5,462		155,170
Subaru Corp.		1,481		33,541
Suzuki Motor Corp.		3,936		44,938
Tesla, Inc.(a)		7,050		1,239,319
Toyota Motor Corp.		26,170		661,446
Volkswagen AG		73		11,151
Volkswagen AG (Preference Shares)		508		67,373
Volvo Car AB - Class B(a)		1,836		6,951
Yamaha Motor Co., Ltd.(b)		2,185		20,127
				3,210,289
Broadline Retail – 1.9%
Amazon.com, Inc.(a)		22,919		4,134,129
Canadian Tire Corp., Ltd. - Class A(b)		129		12,866
Cie Financiere Richemont SA (REG)		1,325		201,719
Dollarama, Inc.		693		52,793
eBay, Inc.		1,279		67,506
Etsy, Inc.(a)		295		20,272
Global-e Online Ltd.(a)		243		8,833
MercadoLibre, Inc.(a)		112		169,340
Next PLC		299		34,853
Pan Pacific International Holdings Corp.		971		25,733
Prosus NV		3,606		112,869
Rakuten Group, Inc.(a)		3,713		21,075
Wesfarmers Ltd.(b)		2,798		124,721
				4,986,709

17

Company	Shares		U.S. $ Value
Distributors – 0.1%
D’ieteren Group		53	$	11,750
Genuine Parts Co.		346		53,606
LKQ Corp.		660		35,251
Pool Corp.		95		38,332
				138,939
Diversified Consumer Services – 0.0%
IDP Education Ltd.(b)		652		7,611
Pearson PLC		1,543		20,317
				27,928
Hotels, Restaurants & Leisure – 1.2%
Accor SA		466		21,756
Airbnb, Inc. - Class A(a)		1,076		177,497
Amadeus IT Group SA		1,110		71,258
Aristocrat Leisure Ltd.		1,428		39,985
Booking Holdings, Inc.		86		311,998
Caesars Entertainment, Inc.(a)		532		23,270
Carnival Corp.(a)		2,483		40,572
Chipotle Mexican Grill, Inc.(a)		68		197,660
Compass Group PLC		4,213		123,578
Darden Restaurants, Inc.		294		49,142
Delivery Hero SE(a)		435		12,438
Domino’s Pizza, Inc.		86		42,732
DoorDash, Inc. - Class A(a)		640		88,141
DraftKings, Inc. - Class A(a)		1,034		46,954
Entain PLC		1,575		15,805
Evolution AB		452		56,140
Expedia Group, Inc.(a)		329		45,320
Flutter Entertainment PLC - Class DI(a)		436		86,909
Galaxy Entertainment Group Ltd.		5,343		26,860
Genting Singapore Ltd.		14,869		9,752
Hilton Worldwide Holdings, Inc.		632		134,812
Hyatt Hotels Corp. - Class A		109		17,398
InterContinental Hotels Group PLC		407		42,292
La Francaise des Jeux SAEM		259		10,556
Las Vegas Sands Corp.		928		47,977
Lottery Corp., Ltd. (The)(b)		5,487		18,401
Marriott International, Inc./MD - Class A		615		155,171
McDonald’s Corp.		1,787		503,845
McDonald’s Holdings Co. Japan Ltd.		192		8,634
MGM Resorts International(a)		674		31,819
Oriental Land Co., Ltd./Japan		2,705		86,657
Restaurant Brands International, Inc.		732		58,131
Royal Caribbean Cruises Ltd.(a)		600		83,406
Sands China Ltd.(a)		5,820		16,420
Sodexo SA		218		18,688
Starbucks Corp.		2,790		254,978
Vail Resorts, Inc.		94		20,946
Whitbread PLC		460		19,232
Wynn Resorts Ltd.		251		25,660
Yum! Brands, Inc.		691		95,807
Zensho Holdings Co., Ltd.		200		8,317
				3,146,914

18

Company	Shares		U.S. $ Value
Household Durables – 0.3%
Barratt Developments PLC		2,403	$	14,423
Berkeley Group Holdings PLC		262		15,741
DR Horton, Inc.		739		121,602
Garmin Ltd.		377		56,124
Iida Group Holdings Co., Ltd.(b)		411		5,319
Lennar Corp. - Class A		617		106,112
NVR, Inc.(a)		8		64,800
Panasonic Holdings Corp.		5,471		52,214
Persimmon PLC		787		13,049
PulteGroup, Inc.		531		64,049
SEB SA		61		7,804
Sekisui Chemical Co., Ltd.		983		14,382
Sekisui House Ltd.		1,489		33,916
Sharp Corp./Japan(a) (b)		597		3,325
Sony Group Corp.		3,134		268,743
Taylor Wimpey PLC		8,716		15,069
				856,672
Leisure Products – 0.0%
Bandai Namco Holdings, Inc.		1,437		26,664
BRP, Inc.(b)		87		5,842
Hasbro, Inc.		325		18,369
Shimano, Inc.		160		23,802
Yamaha Corp.		294		6,346
				81,023
Specialty Retail – 1.1%
AutoZone, Inc.(a)		43		135,521
Avolta AG(a)		245		10,201
Bath & Body Works, Inc.		529		26,461
Best Buy Co., Inc.		478		39,210
Burlington Stores, Inc.(a)		159		36,918
CarMax, Inc.(a) (b)		389		33,886
Dick’s Sporting Goods, Inc.		143		32,155
Dynatrace, Inc.(a)		675		31,347
Fast Retailing Co., Ltd.		457		141,591
H & M Hennes & Mauritz AB - Class B(b)		1,592		25,959
Home Depot, Inc. (The)		2,453		940,971
Industria de Diseno Textil SA		2,689		135,408
JD Sports Fashion PLC		6,388		10,852
Kingfisher PLC		4,627		14,562
Lowe’s Cos., Inc.		1,417		360,952
Nitori Holdings Co., Ltd.		213		32,281
O’Reilly Automotive, Inc.(a)		146		164,817
Ross Stores, Inc.		830		121,811
TJX Cos., Inc. (The)		2,808		284,787
Tractor Supply Co.		267		69,879
Ulta Beauty, Inc.(a)		120		62,746
USS Co., Ltd.		1,106		9,143
Williams-Sonoma, Inc.		150		47,630
Zalando SE(a)		553		15,813
ZOZO, Inc.		371		9,208
				2,794,109

19

Company	Shares		U.S. $ Value
Textiles, Apparel & Luxury Goods – 0.6%
adidas AG		399	$	89,148
Burberry Group PLC		884		13,522
Deckers Outdoor Corp.(a)		63		59,299
Gildan Activewear, Inc.		378		14,028
Hermes International SCA		78		199,351
Kering SA		184		72,879
Lululemon Athletica, Inc.(a)		284		110,945
LVMH Moet Hennessy Louis Vuitton SE		680		611,861
Moncler SpA		508		37,907
NIKE, Inc. - Class B		2,989		280,906
Pandora A/S		208		33,573
Puma SE		260		11,767
Swatch Group AG (The) (BR)		71		16,563
Swatch Group AG (The) (REG)		130		5,895
				1,557,644
				17,213,362
Communication Services – 4.6%
Diversified Telecommunication Services – 0.8%
AT&T, Inc.		17,619		310,094
BCE, Inc.		180		6,117
BT Group PLC(b)		15,939		22,059
Cellnex Telecom SA(a)		1,132		40,044
Charter Communications, Inc. - Class A(a)		237		68,879
Comcast Corp. - Class A		9,895		428,948
Deutsche Telekom AG (REG)		7,990		193,953
Elisa Oyj		351		15,649
HKT Trust & HKT Ltd. - Class SS		9,744		11,369
Infrastrutture Wireless Italiane SpA		828		9,396
Koninklijke KPN NV		8,271		30,937
Liberty Global Ltd. - Class C(a)		454		8,009
Nippon Telegraph & Telephone Corp.		73,675		87,755
Orange SA		4,590		53,978
Quebecor, Inc. - Class B(b)		380		8,329
Singapore Telecommunications Ltd.		20,333		38,212
Sirius XM Holdings, Inc.		1,893		7,345
Spark New Zealand Ltd.		4,472		12,731
Swisscom AG (REG)(a)		64		39,172
Telecom Italia SpA/Milano(a)		24,564		5,965
Telefonica SA		12,048		53,207
Telenor ASA		1,552		17,262
Telia Co. AB		5,816		14,906
Telstra Group Ltd.		9,969		25,076
TELUS Corp.		1,190		19,038
Verizon Communications, Inc.		10,360		434,706
Washington H Soul Pattinson & Co., Ltd.(b)		578		12,654
				1,975,790
Entertainment – 0.7%
Bollore SE		1,756		11,732
Capcom Co., Ltd.		936		17,535
Electronic Arts, Inc.		630		83,582
Konami Group Corp.		230		15,667
Liberty Media Corp.-Liberty Formula One - Class C(a)		487		31,947
Live Nation Entertainment, Inc.(a)		397		41,991
Netflix, Inc.(a)		1,079		655,309
Nexon Co., Ltd.		840		13,962

20

Company	Shares		U.S. $ Value
Nintendo Co., Ltd.		2,560	$	139,686
ROBLOX Corp. - Class A(a)		1,062		40,547
Roku, Inc.(a)		308		20,072
Sea Ltd. (ADR)(a)		909		48,823
Square Enix Holdings Co., Ltd.		218		8,407
Take-Two Interactive Software, Inc.(a) (b)		419		62,217
Toho Co., Ltd./Tokyo		296		9,829
Universal Music Group NV(b)		2,021		60,732
Walt Disney Co. (The)		4,518		552,823
Warner Bros Discovery, Inc.(a)		5,710		49,848
				1,864,709
Interactive Media & Services – 2.7%
Adevinta ASA(a)		862		9,036
Alphabet, Inc. - Class A(a)		14,583		2,201,012
Alphabet, Inc. - Class C(a)		12,697		1,933,245
Auto Trader Group PLC		2,237		19,755
CAR Group Ltd.		883		20,756
LY Corp.		6,635		16,806
Match Group, Inc.(a)		670		24,308
Meta Platforms, Inc. - Class A		5,470		2,656,123
Pinterest, Inc. - Class A(a)		1,445		50,098
REA Group Ltd.(b)		130		15,708
Scout24 SE		185		13,937
SEEK Ltd.(b)		878		14,317
Snap, Inc. - Class A(a)		2,574		29,549
				7,004,650
Media – 0.2%
Dentsu Group, Inc.		526		14,605
Fox Corp. - Class A		609		19,044
Fox Corp. - Class B		348		9,960
Informa PLC		3,387		35,536
Interpublic Group of Cos., Inc. (The)		944		30,803
Liberty Broadband Corp. - Class C(a)		295		16,883
Liberty Media Corp.-Liberty SiriusXM(a)		404		12,003
News Corp. - Class A		940		24,609
Omnicom Group, Inc.		488		47,219
Paramount Global - Class B		1,204		14,171
Publicis Groupe SA		564		61,488
Trade Desk, Inc. (The) - Class A(a)		1,100		96,162
Vivendi SE		1,650		17,981
WPP PLC		2,650		25,114
				425,578
Wireless Telecommunication Services – 0.2%
KDDI Corp.		3,668		108,451
Rogers Communications, Inc. - Class B		875		35,851
SoftBank Corp.		7,087		91,245
SoftBank Group Corp.		2,562		152,145
T-Mobile US, Inc.		1,283		209,411
Tele2 AB - Class B		1,322		10,855
Vodafone Group PLC		56,735		50,320
				658,278
				11,929,005

21

Company	Shares		U.S. $ Value
Consumer Staples – 4.0%
Beverages – 0.9%
Anheuser-Busch InBev SA/NV		2,141	$	130,331
Asahi Group Holdings Ltd.		1,164		42,742
Brown-Forman Corp. - Class B		755		38,973
Carlsberg AS - Class B		243		33,278
Celsius Holdings, Inc.(a)		370		30,680
Coca-Cola Co. (The)		10,121		619,203
Coca-Cola Europacific Partners PLC		509		35,604
Coca-Cola HBC AG		543		17,159
Constellation Brands, Inc. - Class A		406		110,334
Davide Campari-Milano NV		1,518		15,256
Diageo PLC		5,511		203,919
Heineken Holding NV		320		25,825
Heineken NV		710		68,449
Keurig Dr Pepper, Inc.		2,585		79,282
Kirin Holdings Co., Ltd.		1,928		26,811
Molson Coors Beverage Co. - Class B		467		31,406
Monster Beverage Corp.(a)		1,924		114,055
PepsiCo, Inc.		3,388		592,934
Pernod Ricard SA		504		81,590
Remy Cointreau SA		57		5,756
Suntory Beverage & Food Ltd.		338		11,433
Treasury Wine Estates Ltd.(b)		2,000		16,223
				2,331,243
Consumer Staples Distribution & Retail – 1.0%
Aeon Co., Ltd.		1,625		38,548
Albertsons Cos., Inc. - Class A		852		18,267
Alimentation Couche-Tard, Inc.(b)		1,895		108,156
Carrefour SA		1,398		23,982
Coles Group Ltd.		3,299		36,418
Costco Wholesale Corp.		1,093		800,765
Dollar General Corp.		541		84,428
Dollar Tree, Inc.(a)		510		67,907
Empire Co., Ltd. - Class A(b)		347		8,474
Endeavour Group Ltd./Australia(b)		3,532		12,681
George Weston Ltd.		149		20,131
J Sainsbury PLC		4,087		13,955
Jeronimo Martins SGPS SA		698		13,849
Kesko Oyj - Class B		673		12,581
Kobe Bussan Co., Ltd.		396		9,703
Koninklijke Ahold Delhaize NV(b)		2,348		70,256
Kroger Co. (The)		1,685		96,264
Loblaw Cos., Ltd.		386		42,773
MatsukiyoCocokara & Co.		800		12,846
Metro, Inc./CN(b)		560		30,064
Ocado Group PLC(a) (b)		1,430		8,201
Seven & i Holdings Co., Ltd.		5,436		79,234
Sysco Corp.		1,243		100,907
Target Corp.		1,138		201,665
Tesco PLC		17,392		65,141

22

Company	Shares		U.S. $ Value
Walgreens Boots Alliance, Inc.		1,807	$	39,194
Walmart, Inc.		10,946		658,621
Woolworths Group Ltd.(b)		3,011		65,086
				2,740,097
Food Products – 0.8%
Ajinomoto Co., Inc.		1,158		43,244
Archer-Daniels-Midland Co.		1,315		82,595
Associated British Foods PLC		841		26,534
Barry Callebaut AG (REG)		9		13,073
Bunge Global SA		358		36,702
Campbell Soup Co.		478		21,247
Chocoladefabriken Lindt & Spruengli AG		3		35,906
Chocoladefabriken Lindt & Spruengli AG (REG)		1		120,639
Conagra Brands, Inc.		1,178		34,916
Danone SA		1,587		102,591
Darling Ingredients, Inc.(a)		393		18,278
General Mills, Inc.		1,400		97,958
Hershey Co. (The)		369		71,771
Hormel Foods Corp.		741		25,854
J M Smucker Co. (The)		262		32,978
JDE Peet’s NV(b)		240		5,039
Kellanova		675		38,671
Kerry Group PLC - Class A		389		33,332
Kikkoman Corp.		1,685		21,626
Kraft Heinz Co. (The)		2,116		78,080
Lamb Weston Holdings, Inc.		356		37,925
Lotus Bakeries NV		1		9,656
McCormick & Co., Inc./MD		619		47,545
MEIJI Holdings Co., Ltd.		540		11,790
Mondelez International, Inc. - Class A		3,354		234,780
Mowi ASA		1,147		21,069
Nestle SA (REG)		6,579		699,018
Nissin Foods Holdings Co., Ltd.		492		13,564
Orkla ASA		1,728		12,204
Salmar ASA		163		10,758
Saputo, Inc.		626		12,316
Tyson Foods, Inc. - Class A		706		41,463
WH Group Ltd.		20,359		13,439
Wilmar International Ltd.		5,113		12,988
Yakult Honsha Co., Ltd.		584		11,936
				2,131,485
Household Products – 0.6%
Church & Dwight Co., Inc.		607		63,316
Clorox Co. (The)		306		46,852
Colgate-Palmolive Co.		1,928		173,616
Essity AB - Class B(b)		1,502		35,679
Henkel AG & Co. KGaA		256		18,446
Henkel AG & Co. KGaA (Preference Shares)		417		33,517
Kimberly-Clark Corp.		833		107,748
Procter & Gamble Co. (The)		5,808		942,348
Reckitt Benckiser Group PLC		1,760		100,329
Unicharm Corp.		994		31,645
				1,553,496

23

Company	Shares		U.S. $ Value
Personal Care Products – 0.4%
Beiersdorf AG		248	$	36,108
Estee Lauder Cos., Inc. (The) - Class A		573		88,328
Haleon PLC		14,796		62,007
Kao Corp.		1,193		44,580
Kenvue, Inc.		4,248		91,162
L’Oreal SA		593		280,828
Shiseido Co., Ltd.		963		26,425
Unilever PLC (London)		6,162		309,344
				938,782
Tobacco – 0.3%
Altria Group, Inc.		4,360		190,183
British American Tobacco PLC		4,962		150,602
Imperial Brands PLC		2,062		46,095
Japan Tobacco, Inc.		2,990		79,719
Philip Morris International, Inc.		3,825		350,447
				817,046
				10,512,149
Energy – 2.7%
Energy Equipment & Services – 0.1%
Baker Hughes Co.		2,480		83,080
Halliburton Co.		2,206		86,960
Schlumberger NV		3,522		193,041
Tenaris SA		1,164		23,014
				386,095
Oil, Gas & Consumable Fuels – 2.6%
Aker BP ASA		779		19,538
Ampol Ltd.		560		14,527
APA Corp.		747		25,682
ARC Resources Ltd.(b)		1,474		26,280
BP PLC		42,186		264,651
Cameco Corp.		1,069		46,278
Canadian Natural Resources Ltd.		2,638		201,236
Cenovus Energy, Inc.(b)		3,461		69,192
Cheniere Energy, Inc.		587		94,671
Chesapeake Energy Corp.		274		24,339
Chevron Corp.		4,406		695,002
ConocoPhillips		2,926		372,421
Coterra Energy, Inc.		1,854		51,690
Devon Energy Corp.		1,579		79,234
Diamondback Energy, Inc.		419		83,033
Enbridge, Inc.(b)		5,240		189,360
ENEOS Holdings, Inc.		7,137		34,385
Eni SpA(b)		5,409		85,646
EOG Resources, Inc.		1,438		183,834
EQT Corp.		963		35,698
Equinor ASA		2,221		59,555
Exxon Mobil Corp.		9,849		1,144,848
Galp Energia SGPS SA		1,146		18,946
Hess Corp.		681		103,948
HF Sinclair Corp.		394		23,786
Idemitsu Kosan Co., Ltd.		2,420		16,592
Imperial Oil Ltd.		459		31,660
Inpex Corp.		2,418		36,756
Keyera Corp.		565		14,553
Kinder Morgan, Inc.		4,932		90,453

24

Company	Shares		U.S. $ Value
Marathon Oil Corp.		1,443	$	40,895
Marathon Petroleum Corp.		936		188,604
MEG Energy Corp.(a)		677		15,544
Neste Oyj		1,043		28,281
Occidental Petroleum Corp.		1,623		105,479
OMV AG		363		17,193
ONEOK, Inc.		1,436		115,124
Ovintiv, Inc. (New York)		639		33,164
Parkland Corp.(b)		347		11,051
Pembina Pipeline Corp.(b)		1,354		47,791
Phillips 66		1,085		177,224
Pioneer Natural Resources Co.		566		148,575
Repsol SA		2,991		49,923
Santos Ltd.		8,005		40,529
Shell PLC		16,024		531,668
Suncor Energy, Inc.		3,142		115,956
Targa Resources Corp.		522		58,459
TC Energy Corp.(b)		2,556		102,727
Texas Pacific Land Corp.		45		26,033
TotalEnergies SE		5,350		368,023
Tourmaline Oil Corp.		822		38,431
Valero Energy Corp.		839		143,209
Williams Cos., Inc. (The)		2,999		116,871
Woodside Energy Group Ltd.		4,681		93,303
				6,751,851
				7,137,946
Materials – 2.4%
Chemicals – 1.2%
Air Liquide SA		1,293		269,007
Air Products and Chemicals, Inc.		548		132,764
Akzo Nobel NV		421		31,456
Albemarle Corp.(b)		289		38,073
Arkema SA		148		15,581
Asahi Kasei Corp.		3,075		22,550
BASF SE		2,200		125,717
Celanese Corp.		255		43,824
CF Industries Holdings, Inc.		471		39,192
Clariant AG (REG)(a)		532		7,198
Corteva, Inc.		1,737		100,173
Covestro AG(a)		466		25,490
Croda International PLC		327		20,233
Dow, Inc.		1,729		100,161
DSM-Firmenich AG		458		52,089
DuPont de Nemours, Inc.		1,060		81,270
Eastman Chemical Co.		292		29,264
Ecolab, Inc.		633		146,160
EMS-Chemie Holding AG (REG)		17		13,029
Evonik Industries AG		574		11,354
FMC Corp.		308		19,620
Givaudan SA (REG)		23		102,390
ICL Group Ltd.		1,907		10,107
IMCD NV(b)		140		24,641
International Flavors & Fragrances, Inc.		629		54,088
JSR Corp.(a)		412		11,793
Linde PLC		1,195		554,862
LyondellBasell Industries NV - Class A		632		64,641

25

Company	Shares		U.S. $ Value
Mitsubishi Chemical Group Corp.		3,205	$	19,532
Mitsui Chemicals, Inc.		440		12,908
Mosaic Co. (The)		806		26,163
Nippon Paint Holdings Co., Ltd.		2,322		16,712
Nippon Sanso Holdings Corp.		450		14,119
Nissan Chemical Corp.		297		11,249
Nitto Denko Corp.		314		28,713
Novonesis (Novozymes) B		920		54,116
Nutrien Ltd.(b)		1,219		66,226
OCI NV		260		7,126
Orica Ltd.(b)		1,114		13,250
PPG Industries, Inc.		581		84,187
RPM International, Inc.		318		37,826
Sherwin-Williams Co. (The)		599		208,051
Shin-Etsu Chemical Co., Ltd.		4,445		194,966
Sika AG (REG)		376		111,879
Syensqo SA(a)		183		17,340
Symrise AG		327		39,145
Toray Industries, Inc.		3,453		16,581
Umicore SA		516		11,125
Westlake Corp.		95		14,516
Yara International ASA		408		12,937
				3,165,394
Construction Materials – 0.2%
CRH PLC (London)		1,710		147,590
Heidelberg Materials AG		321		35,336
Holcim AG		1,285		116,416
James Hardie Industries PLC (CDI)(a)		1,085		43,610
Martin Marietta Materials, Inc.		152		93,319
Vulcan Materials Co.		327		89,245
				525,516
Containers & Packaging – 0.1%
Amcor PLC		3,563		33,884
Avery Dennison Corp.		199		44,427
Ball Corp.		777		52,339
CCL Industries, Inc. - Class B		368		18,808
Crown Holdings, Inc.		297		23,540
International Paper Co.		810		31,606
Packaging Corp. of America		221		41,941
SIG Group AG		754		16,719
Smurfit Kappa Group PLC		642		29,273
Westrock Co.		632		31,253
				323,790
Metals & Mining – 0.8%
Agnico Eagle Mines Ltd.(b)		1,223		72,926
Anglo American PLC		3,132		77,181
Antofagasta PLC		972		24,967
ArcelorMittal SA		1,261		34,661
Barrick Gold Corp. (Toronto)		4,329		72,004
BHP Group Ltd.		12,491		361,164
BlueScope Steel Ltd.		1,099		17,093
Boliden AB		674		18,715
Cleveland-Cliffs, Inc.(a)		1,245		28,311
Endeavour Mining PLC		453		9,192
First Quantum Minerals Ltd.		1,453		15,618

26

Company	Shares		U.S. $ Value
Fortescue Ltd.		4,174	$	69,852
Franco-Nevada Corp.		474		56,479
Freeport-McMoRan, Inc.		3,535		166,216
Glencore PLC		25,568		140,306
Ivanhoe Mines Ltd. - Class A(a) (b)		1,564		18,659
JFE Holdings, Inc.		1,378		22,839
Kinross Gold Corp.		3,026		18,564
Lundin Mining Corp.		1,621		16,586
Mineral Resources Ltd.(b)		432		19,932
Newmont Corp. (New York)		2,821		101,105
Nippon Steel Corp.		2,095		50,415
Norsk Hydro ASA		3,271		17,975
Northern Star Resources Ltd.		2,833		26,731
Nucor Corp.		606		119,927
Pan American Silver Corp.(b)		891		13,432
Pilbara Minerals Ltd.(b)		7,048		17,588
Reliance, Inc.		142		47,454
Rio Tinto Ltd.(b)		915		72,619
Rio Tinto PLC		2,776		175,512
South32 Ltd.(b)		11,165		21,787
Steel Dynamics, Inc.		379		56,179
Sumitomo Metal Mining Co., Ltd.		572		17,080
Teck Resources Ltd. - Class B		1,136		51,997
voestalpine AG		286		8,023
Wheaton Precious Metals Corp.(b)		1,117		52,611
				2,111,700
Paper & Forest Products – 0.1%
Holmen AB - Class B(a)		188		7,648
Mondi PLC		1,088		19,163
Stora Enso Oyj - Class R(b)		1,434		19,941
Svenska Cellulosa AB SCA - Class B(b)		1,494		22,969
UPM-Kymmene Oyj		1,316		43,845
West Fraser Timber Co., Ltd.(b)		138		11,916
				125,482
				6,251,882
Utilities – 1.5%
Electric Utilities – 0.9%
Acciona SA(b)		61		7,424
Alliant Energy Corp.		629		31,702
American Electric Power Co., Inc.		1,296		111,586
BKW AG		52		7,991
Chubu Electric Power Co., Inc.		1,539		20,124
CK Infrastructure Holdings Ltd.		1,403		8,217
CLP Holdings Ltd.		4,129		32,934
Constellation Energy Corp.		787		145,477
Duke Energy Corp.		1,900		183,749
Edison International		946		66,911
EDP - Energias de Portugal SA		7,735		30,179
Elia Group SA/NV(b)		72		7,772
Emera, Inc.		700		24,635
Endesa SA		783		14,518
Enel SpA		20,052		132,373
Entergy Corp.		521		55,059
Evergy, Inc.		566		30,213

27

Company	Shares		U.S. $ Value
Eversource Energy		861	$	51,462
Exelon Corp.		2,428		91,220
FirstEnergy Corp.		1,344		51,905
Fortis, Inc./Canada		1,204		47,572
Fortum Oyj(b)		1,106		13,655
Hydro One Ltd.(c)		812		23,679
Iberdrola SA		15,129		187,907
Kansai Electric Power Co., Inc. (The)		1,771		25,270
Mercury NZ Ltd.		1,715		7,101
NextEra Energy, Inc.		5,056		323,129
NRG Energy, Inc.		556		37,636
Origin Energy Ltd.		4,247		25,476
Orsted AS(a)		466		26,039
PG&E Corp.		4,996		83,733
Power Assets Holdings Ltd.		3,358		19,673
PPL Corp.		1,817		50,022
Redeia Corp. SA		1,000		17,081
Southern Co. (The)		2,689		192,909
SSE PLC		2,694		56,164
Terna - Rete Elettrica Nazionale(b)		3,468		28,665
Tokyo Electric Power Co. Holdings, Inc.(a)		3,784		23,000
Verbund AG		168		12,274
Xcel Energy, Inc.		1,360		73,100
				2,379,536
Gas Utilities – 0.1%
AltaGas Ltd.(b)		726		16,036
APA Group		3,163		17,336
Atmos Energy Corp.		372		44,220
Enagas SA		614		9,121
Hong Kong & China Gas Co., Ltd.		27,787		21,062
Osaka Gas Co., Ltd.		940		21,146
Snam SpA(b)		4,971		23,472
Tokyo Gas Co., Ltd.		950		21,596
				173,989
Independent Power and Renewable Electricity Producers – 0.1%
AES Corp. (The)		1,651		29,603
Brookfield Renewable Corp. - Class A(b)		332		8,147
EDP Renovaveis SA		757		10,251
Meridian Energy Ltd.		3,188		11,257
Northland Power, Inc.		626		10,227
RWE AG		1,559		52,986
Vistra Corp.		837		58,297
				180,768
Multi-Utilities – 0.4%
Ameren Corp.		648		47,926
Canadian Utilities Ltd. - Class A		324		7,379
CenterPoint Energy, Inc.		1,556		44,330
Centrica PLC		13,306		21,450
CMS Energy Corp.		719		43,385
Consolidated Edison, Inc.		851		77,279
Dominion Energy, Inc.		2,063		101,479
DTE Energy Co.		508		56,967
E.ON SE		5,534		77,044
Engie SA		4,502		75,442

28

Company	Shares		U.S. $ Value
National Grid PLC		9,171	$	123,570
NiSource, Inc.		1,103		30,509
Public Service Enterprise Group, Inc.		1,228		82,006
Sembcorp Industries Ltd.		2,000		7,995
Sempra		1,551		111,408
Veolia Environnement SA		1,699		55,272
WEC Energy Group, Inc.		778		63,889
				1,027,330
Water Utilities – 0.0%
American Water Works Co., Inc.		480		58,661
Essential Utilities, Inc.		640		23,712
Severn Trent PLC		664		20,719
United Utilities Group PLC		1,681		21,842
				124,934
				3,886,557
Real Estate – 1.4%
Diversified REITs – 0.0%
Covivio SA/France		125		6,443
GPT Group (The)(b)		4,722		14,053
KDX Realty Investment Corp.		10		10,629
Land Securities Group PLC		1,744		14,486
Mirvac Group(b)		9,727		14,950
Nomura Real Estate Master Fund, Inc.		10		9,888
Stockland(b)		5,885		18,596
WP Carey, Inc.		539		30,421
				119,466
Health Care REITs – 0.1%
Healthpeak Properties, Inc.		1,339		25,106
Ventas, Inc.		992		43,192
Welltower, Inc.		1,364		127,452
				195,750
Hotel & Resort REITs – 0.0%
Host Hotels & Resorts, Inc.		1,739		35,963
Industrial REITs – 0.2%
CapitaLand Ascendas REIT		9,639		19,772
GLP J-Reit		12		10,056
Goodman Group(b)		4,213		92,801
Mapletree Logistics Trust		9,093		9,831
Nippon Prologis REIT, Inc.		6		10,688
Prologis, Inc.		2,277		296,511
Segro PLC		2,875		32,780
Warehouses De Pauw CVA		433		12,347
				484,786
Office REITs – 0.0%
Alexandria Real Estate Equities, Inc.		407		52,466
Boston Properties, Inc.		368		24,034
Dexus(b)		2,651		13,660
Gecina SA		113		11,542
Japan Real Estate Investment Corp.(b)		3		10,695
Nippon Building Fund, Inc.		4		16,000
				128,397

29

Company	Shares		U.S. $ Value
Real Estate Management & Development – 0.3%
Azrieli Group Ltd.		105	$	7,576
CapitaLand Investment Ltd./Singapore(b)		6,504		12,906
CBRE Group, Inc. - Class A(a)		751		73,027
City Developments Ltd.(b)		1,050		4,549
CK Asset Holdings Ltd.		5,031		20,731
CoStar Group, Inc.(a)		1,007		97,276
Daito Trust Construction Co., Ltd.		183		20,877
Daiwa House Industry Co., Ltd.		1,444		42,981
ESR Group Ltd.(c)		4,148		4,444
Fastighets AB Balder - Class B(a)		1,607		11,804
FirstService Corp.(b)		99		16,390
Hang Lung Properties Ltd.		4,030		4,144
Henderson Land Development Co., Ltd.		3,938		11,246
Hongkong Land Holdings Ltd.		2,695		8,275
Hulic Co., Ltd.		901		9,254
LEG Immobilien SE(a)		183		15,718
Mitsubishi Estate Co., Ltd.		2,735		49,903
Mitsui Fudosan Co., Ltd.		6,507		70,155
Nomura Real Estate Holdings, Inc.		231		6,526
Sagax AB - Class B		503		13,269
Sino Land Co., Ltd.		10,242		10,648
Sumitomo Realty & Development Co., Ltd.		656		24,442
Sun Hung Kai Properties Ltd.		3,616		34,930
Swire Pacific Ltd. - Class A		935		7,697
Swire Properties Ltd.		2,822		5,936
Swiss Prime Site AG (REG)		189		17,828
Unibail-Rodamco-Westfield(a)		291		23,410
Vonovia SE		1,807		53,400
Wharf Holdings Ltd. (The)(b)		3,000		9,862
Wharf Real Estate Investment Co., Ltd.		3,876		12,620
Zillow Group, Inc. - Class C(a)		381		18,585
				720,409
Residential REITs – 0.2%
American Homes 4 Rent - Class A		802		29,498
AvalonBay Communities, Inc.		350		64,946
Camden Property Trust		263		25,879
Canadian Apartment Properties REIT		202		6,933
Equity LifeStyle Properties, Inc.		436		28,078
Equity Residential		889		56,105
Essex Property Trust, Inc.		158		38,680
Invitation Homes, Inc.		1,508		53,700
Mid-America Apartment Communities, Inc.		288		37,895
Sun Communities, Inc.		307		39,474
UDR, Inc.		770		28,806
				409,994
Retail REITs – 0.2%
CapitaLand Integrated Commercial Trust		13,593		19,931
Japan Metropolitan Fund Invest		17		10,592
Kimco Realty Corp.		1,662		32,592
Klepierre SA		530		13,719

30

Company	Shares		U.S. $ Value
Link REIT		6,373	$	27,445
Mapletree Pan Asia Commercial Trust(b)		6,196		5,873
Realty Income Corp.		2,051		110,959
Regency Centers Corp.		432		26,162
RioCan Real Estate Investment Trust		363		4,950
Scentre Group		12,795		28,258
Simon Property Group, Inc.		804		125,818
Vicinity Ltd.(b)		9,539		13,240
				419,539
Specialized REITs – 0.4%
American Tower Corp.		1,149		227,031
Crown Castle, Inc.		1,069		113,132
Digital Realty Trust, Inc.		747		107,598
Equinix, Inc.		231		190,651
Extra Space Storage, Inc.		521		76,587
Gaming and Leisure Properties, Inc.		658		30,314
Iron Mountain, Inc.		720		57,751
Public Storage		390		113,124
SBA Communications Corp.		266		57,642
VICI Properties, Inc.		2,550		75,965
Weyerhaeuser Co.		1,799		64,602
				1,114,397
				3,628,701
Total Common Stocks (cost $74,653,121)				160,189,978
	Principal Amount (000)
GOVERNMENTS - TREASURIES – 32.2%
United States – 32.2%
U.S. Treasury Bonds
6.00%, 02/15/2026	$	1,336		1,367,214
4.75%, 02/15/2037		465		495,069
3.50%, 02/15/2039		12		11,216
4.375%, 11/15/2039		502		507,065
5.375%, 02/15/2031		359		384,920
6.25%, 05/15/2030		374		413,835
4.25%, 05/15/2039		134		133,654
4.50%, 08/15/2039		179		183,382
6.875%, 08/15/2025		471		483,629
3.125%, 02/15/2043		521		431,610
3.625%, 08/15/2043		1,869		1,664,603
2.875%, 05/15/2043		221		175,605
2.50%, 02/15/2045		212		155,517
3.00%, 05/15/2045		265		211,586
2.875%, 08/15/2045		2,897		2,258,161
2.25%, 08/15/2046		3,477		2,382,763
3.00%, 02/15/2047		238		187,226
3.00%, 05/15/2047		409		321,940
6.125%, 11/15/2027		1,389		1,469,079
2.75%, 08/15/2047		143		107,385
2.875%, 11/15/2046		187		143,974
5.50%, 08/15/2028		762		798,371
3.00%, 02/15/2048		350		274,438
3.75%, 11/15/2043		48		43,206

31

	Principal Amount (000)		U.S. $ Value
2.50%, 05/15/2046	$	42	$	30,549
3.00%, 08/15/2048		792		619,558
5.25%, 11/15/2028		2,017		2,097,258
3.00%, 02/15/2049		257		200,467
2.875%, 05/15/2049		313		238,744
2.25%, 08/15/2049		287		191,752
2.375%, 11/15/2049		584		400,336
1.25%, 05/15/2050		552		283,054
2.375%, 05/15/2051		1,859		1,264,633
2.25%, 02/15/2052		2,286		1,506,287
2.875%, 05/15/2052		417		316,366
4.00%, 11/15/2052		208		195,722
3.625%, 05/15/2053		1,236		1,087,978
4.375%, 08/15/2043		128		126,977
4.75%, 11/15/2053		352		376,313
U.S. Treasury Notes
2.125%, 05/15/2025		2,550		2,470,625
1.625%, 02/15/2026		2,203		2,083,212
1.50%, 08/15/2026		1,541		1,436,501
2.00%, 11/15/2026		4,808		4,515,200
2.375%, 05/15/2027		4,367		4,110,533
2.25%, 08/15/2027		2,292		2,140,233
2.25%, 11/15/2027		3,588		3,338,894
2.75%, 02/15/2028		129		121,541
2.875%, 05/15/2028		400		378,972
2.25%, 11/15/2025		909		873,496
3.125%, 11/15/2028		912		868,870
2.625%, 02/15/2029		451		419,010
2.375%, 05/15/2029		1,327		1,214,919
1.625%, 08/15/2029		937		822,979
1.75%, 11/15/2029		984		866,931
1.50%, 02/15/2030		523		449,608
0.625%, 05/15/2030		934		754,465
0.625%, 08/15/2030		997		799,087
0.375%, 01/31/2026		1,771		1,637,806
0.50%, 02/28/2026		1,120		1,035,115
0.75%, 04/30/2026		629		580,773
1.625%, 05/15/2031		3,081		2,598,631
0.75%, 05/31/2026		1,952		1,798,429
0.75%, 08/31/2026		1,015		927,999
0.875%, 09/30/2026		1,513		1,384,776
1.125%, 10/31/2026		1,163		1,068,506
1.375%, 11/15/2031		73		59,269
1.25%, 12/31/2026		919		843,533
1.875%, 02/15/2032		1,787		1,510,573
2.875%, 05/15/2032		2,242		2,037,690
2.75%, 08/15/2032		949		851,665
4.125%, 10/31/2027		603		598,080
4.125%, 11/15/2032		787		781,930
1.00%, 07/31/2028		2,116		1,844,626
3.125%, 08/31/2029		727		688,321
3.50%, 02/15/2033		1,420		1,346,210
3.625%, 03/31/2028		1,209		1,178,763
3.50%, 04/30/2028		794		770,773
3.375%, 05/15/2033		1,329		1,245,884
4.00%, 06/30/2028		694		686,428
3.875%, 08/15/2033		1,128		1,099,837
4.375%, 08/31/2028		1,306		1,311,620
4.625%, 09/30/2028		578		586,670

32

	Principal Amount (000)			U.S. $ Value
4.50%, 11/15/2033	$		1,206	$	1,234,196
4.375%, 11/30/2028			237		238,810
3.75%, 12/31/2028			1,202		1,176,629
4.00%, 01/31/2029			561		555,565
4.00%, 02/15/2034			442		434,995
4.25%, 02/28/2029			319		319,999
Total Governments - Treasuries (cost $92,354,314)					83,640,619
AGENCIES – 0.4%
Agency Debentures – 0.4%
Federal Farm Credit Banks Funding Corp. 4.625%, 03/05/2026			219		218,717
Federal Home Loan Banks 4.625%, 11/17/2026			800		802,728
Total Agencies (cost $1,017,838)					1,021,445
	Notional Amount
PURCHASED OPTIONS - PUTS – 0.3%
Options on Equity Indices – 0.3%
Euro STOXX 50 Index Expiration: Mar 2025; Contracts: 900; Exercise Price: EUR 4,250.00; Counterparty: UBS AG (a)		EUR	3,825,000		79,965
FTSE 100 Index Expiration: Mar 2025; Contracts: 210; Exercise Price: GBP 6,900.00; Counterparty: UBS AG (a)		GBP	1,449,000		27,216
Nikkei 225 Index Expiration: Mar 2025; Contracts: 13,000; Exercise Price: JPY 32,000.00; Counterparty: UBS AG (a)		JPY	416,000,000		61,097
S&P 500 Index Expiration: Feb 2025; Contracts: 7,700; Exercise Price: USD 4,400.00; Counterparty: UBS AG (a)		USD	33,880,000		536,592
Total Purchased Options - Puts (premiums paid $836,947)					704,870
WARRANTS – 0.0%
Information Technology – 0.0%
Software – 0.0%
Constellation Software, Inc., expiring 03/31/2040(a) (b) (d) (e) (cost $0)			52		0

33

	Shares		U.S. $ Value
SHORT-TERM INVESTMENTS – 4.8%
Investment Companies – 4.0%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.21%(f) (g) (h) (cost $10,527,028)		10,527,028	$	10,527,028
	Principal Amount (000)
U.S. Treasury Bills – 0.8%
United States – 0.8%
U.S. Treasury Bill Zero Coupon, 05/16/2024 (cost$2,101,297)	$	2,115		2,101,319
Total Investments Before Security Lending Collateral for Securities Loaned – 99.3% (cost $181,490,545)				258,185,259
	Shares
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%
Investment Companies – 0.6%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.21%(f) (g) (h) (cost $1,458,914)		1,458,914		1,458,914
Total Investments – 99.9% (cost $182,949,459)(i)				259,644,173	(j)
Other assets less liabilities – 0.1%				208,201
Net Assets – 100.0%			$	259,852,374

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Purchased Contracts
10 Yr Australian Bond Futures		15		June 2024		$	1,139,500		$	(1,444	)
Euro STOXX 50 Index Futures		114		June 2024			6,204,790			153,673
Long Gilt Futures		6		June 2024			756,836			16,351
MSCI EAFE Futures		2		June 2024			235,710			2,326
Nikkei 225 (OSE) Futures		2		June 2024			533,624			18,633
OMXS 30 Index Futures		2		April 2024			47,169			762
S&P 500 E-Mini Futures		63		June 2024			16,721,775			229,123
TOPIX Index Futures		11		June 2024			2,012,815			63,312
U.S. T-Note 2 Yr (CBT) Futures		62		June 2024			12,678,031			(9,283	)
U.S. T-Note 10 Yr (CBT) Futures		117		June 2024			12,963,234			43,715
U.S. Ultra Bond (CBT) Futures		34		June 2024			4,386,000			72,313

34

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Sold Contracts
FTSE 100 Index Futures		20		June 2024		$	2,016,411		$	(14,092	)
MSCI Singapore IX ETS Futures		1		April 2024			21,640			(67	)
S&P/TSX 60 Index Futures		6		June 2024			1,188,350			(20,361	)
SPI 200 Futures		16		June 2024			2,072,508			(60,174	)
U.S. T-Note 5 Yr (CBT) Futures		24		June 2024			2,568,375			(3,968	)
									$	490,820

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Bank of America, NA		USD	3,711		GBP	2,942		04/19/2024	$	1,991
Bank of America, NA		USD	1,444		NOK	15,416		04/30/2024		(22,554	)
Bank of America, NA		JPY	258,346		USD	1,716		05/16/2024		(1,868	)
Bank of America, NA		EUR	906		USD	983		06/12/2024		3,552
Barclays Bank PLC		SEK	10,589		USD	1,015		04/30/2024		24,471
BNP Paribas SA		GBP	1,692		USD	2,151		04/19/2024		15,409
Citibank, NA		AUD	6,860		USD	4,509		04/18/2024		37,000
Citibank, NA		GBP	1,377		USD	1,747		04/19/2024		8,374
Citibank, NA		USD	740		NZD	1,216		05/23/2024		(13,609	)
Citibank, NA		CAD	944		USD	696		06/13/2024		(2,344	)
Citibank, NA		USD	4,612		CAD	6,204		06/13/2024		(26,426	)
Deutsche Bank AG		AUD	4,247		USD	2,814		04/18/2024		45,344
Deutsche Bank AG		USD	2,455		AUD	3,749		04/18/2024		(10,965	)
Deutsche Bank AG		USD	2,338		NZD	3,793		05/23/2024		(71,700	)
Deutsche Bank AG		EUR	6,054		USD	6,639		06/12/2024		88,654
Deutsche Bank AG		USD	1,151		CAD	1,548		06/13/2024		(6,921	)
HSBC Bank USA		USD	5,348		GBP	4,234		04/19/2024		(3,506	)
JPMorgan Chase Bank, NA		USD	1,773		AUD	2,686		04/18/2024		(21,586	)
JPMorgan Chase Bank, NA		NZD	2,763		USD	1,678		05/23/2024		27,244
JPMorgan Chase Bank, NA		USD	5,983		EUR	5,484		06/12/2024		(49,658	)
Morgan Stanley Capital Services, Inc.		USD	939		GBP	734		04/19/2024		(12,940	)
Morgan Stanley Capital Services, Inc.		JPY	421,442		USD	2,853		05/16/2024		50,573
Morgan Stanley Capital Services, Inc.		EUR	1,734		USD	1,904		06/12/2024		28,521
Morgan Stanley Capital Services, Inc.		USD	1,493		CAD	2,019		06/13/2024		(666	)
State Street Bank & Trust Co.		AUD	545		USD	359		04/18/2024		3,514
State Street Bank & Trust Co.		USD	456		AUD	700		04/18/2024		187
State Street Bank & Trust Co.		USD	362		AUD	545		04/18/2024		(6,268	)
State Street Bank & Trust Co.		GBP	374		USD	474		04/19/2024		1,757
State Street Bank & Trust Co.		NOK	3,842		USD	367		04/30/2024		13,213
State Street Bank & Trust Co.		SEK	1,185		USD	114		04/30/2024		2,784
State Street Bank & Trust Co.		USD	375		NOK	3,962		04/30/2024		(9,539	)
State Street Bank & Trust Co.		USD	354		SEK	3,709		04/30/2024		(6,991	)
State Street Bank & Trust Co.		USD	245		CHF	214		05/08/2024		(7,028	)
UBS AG		CHF	3,596		USD	4,091		05/08/2024		87,631
									$	165,650

35

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

349

06/21/2024

$

1,387

(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, 2024, the aggregate market value of these securities amounted to $90,683 or 0.0% of net assets.

(d) Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(e) Fair valued by the Adviser.

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

(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) Affiliated investments.

(i) As of March 31, 2024, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $91,424,996 and gross unrealized depreciation of investments was $(14,072,425), resulting in net unrealized appreciation of $77,352,571.

(j) On March 29, 2024, the Portfolio and U.S. stock exchanges were closed for business due to a U.S. holiday but the foreign markets remained open for trading. The Portfolio valued its foreign securities using the closing market prices from the respective foreign markets as of March 28, 2024 for financial reporting purposes.

  Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard & Poor’s. The components are divided into sector, industry group, and industry sub-indices as classified by the GICS for each of the market capitalization indices in the broad market.

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

BR – Bearer

CBT – Chicago Board of Trade

CDI – CHESS Depositary Interest

EAFE – Europe, Australia, and Far East

ETS – Emission Trading Scheme

FTSE – Financial Times Stock Exchange

MSCI – Morgan Stanley Capital International

36

OMXS – Stockholm Stock Exchange

OSE – Osaka Securities Exchange

REG – Registered Shares

REIT – Real Estate Investment Trust

SPI – Share Price Index

TOPIX – Tokyo Price Index

TSX – Toronto Stock Exchange

37

AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio 

March 31, 2024 (unaudited)

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

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

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

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

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

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

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

38

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

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of March 31, 2024:

Investments in Securities:	Level 1			Level 2			Level 3			Total
Assets:
Common Stocks:
Information Technology	$	34,167,675		$	3,900,576		$	—		$	38,068,251
Financials		16,422,337			8,015,201			—			24,437,538
Health Care		13,987,386			5,221,345			—			19,208,731
Industrials		11,038,257			6,877,599			—			17,915,856
Consumer Discretionary		12,009,481			5,203,881			—			17,213,362
Communication Services		10,334,069			1,594,936			—			11,929,005
Consumer Staples		6,911,861			3,600,288			—			10,512,149
Energy		5,435,416			1,702,530			—			7,137,946
Materials		3,240,570			3,011,312			—			6,251,882
Utilities		2,609,517			1,277,040			—			3,886,557
Real Estate		2,665,295			963,406			—			3,628,701
Governments - Treasuries		—			83,640,619			—			83,640,619
Agencies		—			1,021,445			—			1,021,445
Purchased Options - Puts		—			704,870			—			704,870
Warrants		—			—			0	(a)		—
Short-Term Investments:
Investment Companies		10,527,028			—			—			10,527,028
U.S. Treasury Bills		—			2,101,319			—			2,101,319
Investments of Cash Collateral for
Securities Loaned in Affiliated Money
Market Fund		1,458,914			—			—			1,458,914
Total Investments in Securities		130,807,806			128,836,367			0	(a)		259,644,173
Other Financial Instruments(b):
Assets:
Futures		600,208			—			—			600,208
Forward Currency Exchange
Contracts		—			440,219			—			440,219
Total Return Swaps		—			1,387			—			1,387
Liabilities:
Futures		(109,388	)		—			—			(109,388	)
Forward Currency Exchange Contracts		—			(274,569	)		—			(274,569	)
Total	$	131,298,626		$	129,003,404		$	0	(a)	$	260,302,030

39

^(a)  The Portfolio held securities with zero market value at period end.

^(b)  Other financial instruments include reverse repurchase agreements and derivative instruments, such as futures, forwards and swaps. Derivative instruments 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.

A summary of the Portfolio’s transactions in AB mutual funds for the three months ended March 31, 2024 is as follows:

Portfolio	Market Value 12/31/2023 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 03/31/2024 (000)		Dividend Income (000)
Government Money Market Portfolio	$	6,268	$	18,938	$	14,679	$	10,527	$	100
Government Money Market Portfolio*		1,616		3,052		3,209		1,459		17
Total	$	7,884	$	21,990	$	17,888	$	11,986	$	117

* Investments of cash collateral for securities lending transactions.

40