N-Q 1 d173282dnq.htm AB INTERNATIONAL GROWTH FUND, INC. AB International Growth Fund, Inc.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-08426

AB INTERNATIONAL GROWTH FUND, INC.

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: June 30, 2016

Date of reporting period: March 31, 2016

 

 

 


ITEM 1. SCHEDULE OF INVESTMENTS.


AB International Growth Fund, Inc.

Portfolio of Investments

March 31, 2016 (unaudited)

 

Company

   Shares        U.S. $ Value  

COMMON STOCKS - 98.1%

       

Financials - 26.4%

       

Banks - 1.6%

       

HDFC Bank Ltd.

     287,970         $ 5,479,138   
       

 

 

 

Capital Markets - 8.7%

       

Azimut Holding SpA

     287,472           6,611,032   

Flow Traders(a)

     98,604           4,570,869   

Partners Group Holding AG

     28,298           11,368,692   

UBS Group AG

     447,797           7,203,279   
       

 

 

 
          29,753,872   
       

 

 

 

Consumer Finance - 2.6%

       

Gentera SAB de CV

     2,392,270           4,721,636   

SKS Microfinance Ltd.(b)

     508,090           4,205,723   
       

 

 

 
          8,927,359   
       

 

 

 

Diversified Financial Services - 3.5%

       

IG Group Holdings PLC

     482,151           5,530,641   

London Stock Exchange Group PLC

     162,160           6,550,492   
       

 

 

 
          12,081,133   
       

 

 

 

Insurance - 7.6%

       

AIA Group Ltd.

     1,933,000           10,987,218   

Prudential PLC

     472,555           8,793,526   

St James’s Place PLC

     456,931           6,007,883   
       

 

 

 
          25,788,627   
       

 

 

 

Thrifts & Mortgage Finance - 2.4%

       

Housing Development Finance Corp., Ltd.

     494,385           8,260,303   
       

 

 

 
          90,290,432   
       

 

 

 

Consumer Staples - 16.7%

       

Beverages - 2.6%

       

Anheuser-Busch InBev SA/NV

     72,667           9,027,917   
       

 

 

 

Food & Staples Retailing - 1.4%

       

Tsuruha Holdings, Inc.

     48,600           4,780,013   
       

 

 

 

Food Products - 6.7%

       

Danone SA

     107,193           7,605,585   

Nestle SA (REG)

     132,524           9,889,043   

Universal Robina Corp.

     1,116,066           5,254,967   
       

 

 

 
          22,749,595   
       

 

 

 

Household Products - 5.3%

       

Pigeon Corp.

     167,100           4,354,118   

Reckitt Benckiser Group PLC

     81,147           7,827,169   

Unicharm Corp.

     280,800           6,111,704   
       

 

 

 
          18,292,991   
       

 

 

 

Personal Products - 0.7%

       

Cosmax, Inc.

     21,070           2,312,131   
       

 

 

 
          57,162,647   
       

 

 

 


Company

   Shares        U.S. $ Value  

Consumer Discretionary - 16.6%

  

Automobiles - 1.9%

  

Tata Motors Ltd. - Class A(b)

     1,485,078         $ 6,587,656   
       

 

 

 

Diversified Consumer Services - 1.4%

       

TAL Education Group (ADR)(b) (c)

     96,860           4,812,005   
       

 

 

 

Hotels, Restaurants & Leisure - 1.6%

       

Alsea SAB de CV

     1,439,463           5,403,043   
       

 

 

 

Household Durables - 1.7%

       

Panasonic Corp.

     637,800           5,776,407   
       

 

 

 

Internet & Catalog Retail - 3.3%

       

Ctrip.com International Ltd. (ADR)(b) (c)

     135,400           5,992,804   

JD.com, Inc. (ADR)(b)

     206,174           5,463,611   
       

 

 

 
          11,456,415   
       

 

 

 

Multiline Retail - 2.0%

       

Matahari Department Store Tbk PT

     4,914,500           6,800,516   
       

 

 

 

Specialty Retail - 2.2%

       

Ace Hardware Indonesia Tbk PT

     22,566,100           1,523,137   

Fast Retailing Co., Ltd.(c)

     18,500           5,911,201   
       

 

 

 
          7,434,338   
       

 

 

 

Textiles, Apparel & Luxury Goods - 2.5%

       

Cie Financiere Richemont SA

     90,759           5,994,675   

Titan Co., Ltd.

     484,390           2,484,030   
       

 

 

 
          8,478,705   
       

 

 

 
          56,749,085   
       

 

 

 

Information Technology - 13.2%

       

Internet Software & Services - 4.0%

       

Alibaba Group Holding Ltd. (Sponsored ADR)(b)

     74,090           5,855,333   

Tencent Holdings Ltd.

     378,500           7,743,078   
       

 

 

 
          13,598,411   
       

 

 

 

IT Services - 1.5%

       

Tata Consultancy Services Ltd.

     138,390           5,286,743   
       

 

 

 

Semiconductors & Semiconductor Equipment - 5.6%

       

ams AG

     144,944           4,967,134   

Infineon Technologies AG

     384,650           5,453,697   

Taiwan Semiconductor Manufacturing Co., Ltd.

     1,788,000           8,918,247   
       

 

 

 
          19,339,078   
       

 

 

 

Software - 2.1%

       

Mobileye NV(b) (c)

     188,446           7,027,152   
       

 

 

 
          45,251,384   
       

 

 

 

Industrials - 12.6%

       

Aerospace & Defense - 2.4%

       

Safran SA

     118,339           8,260,059   
       

 

 

 

Building Products - 1.5%

       

Kingspan Group PLC

     188,381           4,983,000   
       

 

 

 


Company

   Shares        U.S. $ Value  

Electrical Equipment - 4.3%

       

Schneider Electric SE (Paris)

     140,220         $ 8,836,733   

Vestas Wind Systems A/S

     84,920           5,983,442   
       

 

 

 
          14,820,175   
       

 

 

 

Industrial Conglomerates - 2.4%

       

Siemens AG (REG)

     78,570           8,309,621   
       

 

 

 

Professional Services - 2.0%

       

Capita PLC

     453,835           6,775,576   
       

 

 

 
          43,148,431   
       

 

 

 

Health Care - 9.2%

       

Biotechnology - 0.5%

       

Genus PLC

     80,420           1,762,889   
       

 

 

 

Health Care Equipment & Supplies - 2.4%

       

Essilor International SA

     66,316           8,171,178   
       

 

 

 

Health Care Providers & Services - 1.1%

       

Apollo Hospitals Enterprise Ltd.

     186,860           3,780,194   
       

 

 

 

Pharmaceuticals - 5.2%

       

Roche Holding AG

     38,465           9,444,707   

Sun Pharmaceutical Industries Ltd.

     349,300           4,355,907   

Vectura Group PLC(b)

     1,659,010           3,874,356   
       

 

 

 
          17,674,970   
       

 

 

 
          31,389,231   
       

 

 

 

Materials - 2.5%

       

Chemicals - 2.5%

       

Bloomage BioTechnology Corp., Ltd.

     1,267,500           2,782,496   

LG Chem Ltd.

     20,710           5,943,587   
       

 

 

 
          8,726,083   
       

 

 

 

Utilities - 0.9%

       

Water Utilities - 0.9%

       

Beijing Enterprises Water Group Ltd.(b) (c)

     5,118,000           3,211,142   
       

 

 

 

Total Common Stocks
(cost $244,217,516)

          335,928,435   
       

 

 

 

SHORT-TERM INVESTMENTS - 1.2%

       

Investment Companies - 1.0%

       

AB Fixed-Income Shares, Inc. - Government STIF
Portfolio, 0.42%
(d) (e)
(cost $3,383,685)

     3,383,685           3,383,685   
       

 

 

 
     Principal
Amount
(000)
          

Time Deposits - 0.2%

       

ANZ, London

       

0.08%, 4/01/16

   GBP 62           88,948   

BBH, Grand Cayman

       

(2.25)%, 4/01/16

   SEK 1           122   

(0.512)%, 4/01/16

   EUR 61           69,378   

(0.25)%, 4/01/16

   DKK 1           111   


      Principal
Amount
(000)
       U.S. $ Value  

0.005%, 4/01/16

   HKD 1,289         $ 166,219   

0.05%, 4/01/16

   SGD 44           32,599   

BTMU, Grand Cayman

       

(0.31)%, 4/01/16

   JPY 5,288           46,984   

HSBC Bank PLC, London

       

6.48%, 4/01/16

   ZAR 394           26,704   

Royal Bank of Canada, Toronto

       

0.05%, 4/01/16

   CAD 104           80,062   

Wells Fargo, Grand Cayman

       

(1.565)%, 4/01/16

   CHF 33           33,951   
       

 

 

 

Total Time Deposits
(cost $535,143)

          545,078   
       

 

 

 

Total Short-Term Investments
(cost $3,918,828)

          3,928,763   
       

 

 

 

Total Investments Before Security Lending Collateral for
Securities Loaned - 99.3%
(cost $248,136,344)

          339,857,198   
       

 

 

 
     Shares           

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 4.5%

       

Investment Companies - 4.5%

       

AB Exchange Reserves - Class I, 0.40%(d) (e)
(cost $15,557,735)

     15,557,735           15,557,735   
       

 

 

 

Total Investments - 103.8%
(cost $263,694,079)
(f)

          355,414,933   

Other assets less liabilities - (3.8)%

          (12,969,028
       

 

 

 

Net Assets - 100.0%

        $ 342,445,905   
       

 

 

 

FORWARD CURRENCY EXCHANGE CONTRACTS

 

Counterparty

   Contracts to
Deliver
(000)
     In Exchange
For
(000)
     Settlement
Date
   Unrealized
Appreciation/
(Depreciation)
 

Bank of America, NA

     USD         1,884         NOK         16,140       5/18/16    $ 65,674   

Barclays Bank PLC

     SEK         6,932         USD         820       5/18/16      (35,208

Barclays Bank PLC

     USD         2,543         SEK         21,336       5/18/16      88,912   

BNP Paribas SA

     USD         15,643         AUD         22,388       5/18/16      1,483,009   

Brown Brothers Harriman & Co.

     EUR         555         USD         628       5/18/16      (3,922

Brown Brothers Harriman & Co.

     GBP         3,640         USD         5,275       5/18/16      46,811   

Brown Brothers Harriman & Co.

     USD         7,129         CAD         9,839       5/18/16      447,290   

Citibank, NA

     CAD         819         USD         591       5/18/16      (39,657

Citibank, NA

     EUR         2,902         USD         3,256       5/18/16      (50,588

Citibank, NA

     USD         2,161         CHF         2,102       5/18/16      29,313   

Citibank, NA

     USD         12,550         JPY         1,483,249       5/18/16      646,457   

HSBC Bank USA

     HKD         82,590         USD         10,594       5/18/16      (55,582

HSBC Bank USA

     USD         1,561         JPY         178,876       5/18/16      30,636   

HSBC Bank USA

     USD         826         SEK         6,932       5/18/16      29,706   


Counterparty

   Contracts to
Deliver
(000)
     In Exchange
For
(000)
     Settlement
Date
   Unrealized
Appreciation/
(Depreciation)
 

Morgan Stanley Capital Services LLC

     CHF         2,096         USD         2,125       5/18/16    $ (58,894

Morgan Stanley Capital Services LLC

     EUR         1,293         USD         1,457       5/18/16      (16,045

Morgan Stanley Capital Services LLC

     NOK         5,346         USD         625       5/18/16      (21,007

Morgan Stanley Capital Services LLC

     USD         927         CHF         903       5/18/16      14,029   

Royal Bank of Scotland PLC

     CNY         47,251         USD         7,025       5/18/16      (270,230

Royal Bank of Scotland PLC

     USD         4,388         GBP         3,013       5/18/16      (60,200

Standard Chartered Bank

     CAD         4,941         USD         3,718       5/18/16      (86,938

Standard Chartered Bank

     CNY         43,804         USD         6,585       5/18/16      (178,077

Standard Chartered Bank

     USD         10,833         JPY         1,240,726       5/18/16      205,582   

State Street Bank & Trust Co.

     CHF         21,991         USD         22,733       5/18/16      (182,874

State Street Bank & Trust Co.

     USD         5,491         HKD         42,614       5/18/16      3,982   
                 

 

 

 
   $ 2,032,179   
                 

 

 

 

 

 

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2016, the market value of this security amounted to $4,570,869 or 1.3% of net assets.
(b) Non-income producing security.
(c) Represents entire or partial securities out on loan.
(d) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.
(e) To obtain a copy of the fund’s financial statements, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618.
(f) As of March 31, 2016, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $94,812,952 and gross unrealized depreciation of investments was $(3,092,098), resulting in net unrealized appreciation of $91,720,854.

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
CNY    -    Chinese Yuan Renminbi
DKK    -    Danish Krone
EUR    -    Euro
GBP    -    Great British Pound
HKD    -    Hong Kong Dollar
JPY    -    Japanese Yen
NOK    -    Norwegian Krone
SEK    -    Swedish Krona
SGD    -    Singapore Dollar
USD    -    United States Dollar
ZAR    -    South African Rand


Glossary:

 

ADR    -    American Depositary Receipt
REG    -    Registered Shares

COUNTRY BREAKDOWN *

March 31, 2016 (unaudited)

 

  13.9%        

United Kingdom

  12.9%        

Switzerland

  11.9%        

India

  10.6%        

China

  9.7%        

France

  7.9%        

Japan

  4.0%        

Germany

  3.2%        

Hong Kong

  3.0%        

Mexico

  2.7%        

Belgium

  2.6%        

Taiwan

  2.4%        

Indonesia

  2.4 %        

South Korea

  11.6%        

Other

  1.2%        

Short-Term

 

 

      
  100.0%        

Total Investments

 

 

      

 

* All data are as of March 31, 2016. The Fund’s country breakdown is expressed as a percentage of total investments (excluding security lending) and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” country weightings represent 2.1% or less in the following countries: Austria, Denmark, Ireland, Italy, Netherlands, Philippines and United States.


AB International Growth Fund

March 31, 2016 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The U.S GAAP disclosure requirements establish 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. 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 Fund. Unobservable inputs reflect the Fund’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 Fund’s own assumptions in determining the fair value of investments)

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.

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.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of March 31, 2016:

 

Investments in Securities

   Level 1     Level 2             Level 3             Total  

Assets:

        

Common Stocks:

        

Financials

   $ 4,721,636      $ 85,568,796      $ – 0  –    $ 90,290,432   

Consumer Staples

     – 0  –     57,162,647        – 0  –      57,162,647   

Consumer Discretionary

     21,671,463        35,077,622        – 0  –      56,749,085   

Information Technology

     12,882,484        32,368,900        – 0  –      45,251,384   

Industrials

     4,983,000        38,165,431        – 0  –      43,148,431   

Health Care

     3,874,357        27,514,874        – 0  –      31,389,231   

Materials

     – 0  –      8,726,083        – 0  –      8,726,083   

Utilities

     – 0  –      3,211,142        – 0  –      3,211,142   

Short-Term Investments:

        

Investments Companies

     3,383,685        – 0  –      – 0  –      3,383,685   

Time Deposits

     – 0  –      545,077        – 0  –      545,077   

Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund

     15,557,735        – 0  –      – 0  –      15,557,735   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total Investments in Securities

     67,074,360        288,340,572       – 0  –      355,414,932   

Other Financial Instruments*:

        

Assets

        

Forward Currency Exchange Contracts

     – 0  –      3,091,401        – 0  –      3,091,401   

Liabilities

        

Forward Currency Exchange Contracts

     – 0  –      (1,059,222     – 0  –      (1,059,222
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     67,074,360      $     290,372,751      $ – 0  –   $     357,447,111   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

A significant portion of the Fund’s foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.
* Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation/depreciation on the instrument.
^ An amount of $9,109,624 was transferred from Level 1 to Level 2 due to the above mentioned foreign equity fair valuation using third party vendor modeling tools during the reporting period. There were no transfers from Level 2 to Level 1 during the reporting period.


The Fund recognizes all transfers between levels of the fair value hierarchy assuming the financial instrument was transferred at the beginning of the reporting period.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.

 

      Common Stocks -
Consumer
Discretionary
    Total  

Balance as of 6/30/15

   $ 2,916,836      $   2,916,836   

Accrued discounts/(premiums)

     – 0  –      – 0  – 

Realized gain (loss)

     – 0  –      – 0  – 

Change in unrealized appreciation/depreciation

     – 0  –      – 0  – 

Purchases

     – 0  –      – 0  – 

Sales

     – 0  –      – 0  – 

Transfers into Level 3

     – 0  –      – 0  – 

Transfers out of Level 3

         (2,916,836         (2,916,836
  

 

 

   

 

 

 

Balance as of 3/31/16

   $ – 0  –    $ – 0  –+ 
  

 

 

   

 

 

 

Net change in unrealized appreciation/depreciation from investments held as of 3/31/16

   $ – 0  –    $ – 0  – 

 

+ There were de minimis transfers under 1% of net assets during the reporting period.

The Adviser established the Valuation Committee (the “Committee”) to oversee the pricing and valuation of all securities held in the Fund. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments, and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).


A summary of the Fund’s transactions in shares of the AB Fixed-Income Shares, Inc. - Government STIF Portfolio for the nine months ended March 31, 2016 is as follows:

 

Market Value

June 30, 2015

(000)

 

Purchases

at Cost

(000)

 

Sales

Proceeds

(000)

 

Market Value

March 31, 2016
(000)

 

Dividend

Income

(000)

$9,947   $66,372   $72,935   $3,384   $6

A summary of the Fund’s transactions in shares of the AB Exchange Reserves – Class I, Inc. for the nine months ended March 31, 2016 is as follows:

 

Market Value

June 30, 2015

(000)

 

Purchases

at Cost

(000)

 

Sales

Proceeds

(000)

 

Market Value

March 31, 2016

(000)

 

Dividend

Income

(000)

$9,934   $129,685   $124,061   $15,558   $16


ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

 

EXHIBIT NO.

 

DESCRIPTION OF EXHIBIT

3 (a) (1)   Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
3 (a) (2)   Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): AB International Growth Fund, Inc.

 

By:   /s/    Robert M. Keith
  Robert M. Keith
  President
Date:   May 25, 2016

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/    Robert M. Keith
  Robert M. Keith
  President
Date:   May 25, 2016
By:   /s/    Joseph J. Mantineo
  Joseph J. Mantineo
  Treasurer and Chief Financial Officer
Date:   May 25, 2016