NPORT-EX 2 64SQ.htm HTML

AB Multi-Manager Select 2060 Fund

Portfolio of Investments

October 31, 2019 (unaudited)

 

Company

    Shares        U.S. $ Value  

INVESTMENT COMPANIES - 104.0%

 

Funds and Investment Trusts - 104.0% (a)

 

AB Discovery Growth Fund, Inc.-Class Z (b)

      1,809        $ 20,350  

AB Discovery Value Fund-Class Z (b)

      1,368          26,572  

AB Global Bond Fund, Inc.-Class Z (b)

      2,910          25,112  

AB Global Real Estate Investment Fund II-Class I (b)

      1,625          20,120  

AB Relative Value Fund-Class Z (b)

      8,291          47,841  

AB Unconstrained Bond Fund, Inc.-Class Z (b)

      840          6,560  

Boston Partners Long/Short Research Fund-Class INS

      2,614          40,875  

DFA Commodity Strategy Portfolio

      2,466          13,465  

Franklin Growth Fund-Class R6

      304          33,935  

iShares Core S&P 500 ETF

      640          195,181  

MFS Institutional International Equity Fund

      2,241          61,155  

MFS Value Fund-Class R5

      319          13,581  

T. Rowe Price Emerging Markets Stock Fund-Class I

      458          20,124  

T. Rowe Price International Funds-International Discovery Fund-Class I

      314          20,496  

Vanguard FTSE Developed Markets ETF

      2,260          95,824  

Vanguard FTSE Emerging Markets ETF

      650          27,203  

Vanguard Short-Term Bond ETF

      126          10,202  
       

 

 

  

Total Investment Companies
(cost $653,109)

           678,596  
       

 

 

  

SHORT-TERM INVESTMENTS - 0.8%

 

Investment Companies - 0.8%

 

AB Fixed Income Shares, Inc.-Government Money Market Portfolio-Class AB,
1.78% (a)(b)(c)
(cost $5,565)

      5,565          5,565  
       

 

 

  

Total Investments - 104.8%
(cost $658,674) (d)

 

        684,161  

Other assets less liabilities - (4.8)%

           (31,445 ) 
       

 

 

  

Net Assets - 100.0%

         $   652,716  
       

 

 

  

 

(a)

To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.

(b)

Affiliated investments.

(c)

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

(d)

As of October 31, 2019, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $25,511 and gross unrealized depreciation of investments was $(24), resulting in net unrealized appreciation of $25,487.

Glossary:

 

ETF    -    Exchange Traded Fund
FTSE    -    Financial Times Stock Exchange

 

AB Cap Fund, Inc.

AB Multi-Manager Select 2060 Fund

October 31, 2019 (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. 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 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 following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of October 31, 2019:

 

Investments in Underlying Portfolios:

    Level 1      Level 2     Level 3     Total  

Assets:

 

Investment Companies

    $     678,596      $ – 0  –    $ – 0  –    $     678,596  

Short-Term Investments

      5,565        – 0  –      – 0  –      5,565  
  

 

 

     

 

 

    

 

 

    

 

 

  

Total

    $ 684,161      $             – 0  –    $             – 0  –    $ 684,161  
  

 

 

     

 

 

    

 

 

    

 

 

  

A summary of the Fund’s transactions in AB mutual funds for the three months ended October 31, 2019 is as follows:

 

                                           Distributions  

Affiliated Issuer

    Market
Value
7/31/19
(000)		     Purchases
at Cost
(000)		      Sales
Proceeds
(000)		     Realized
Gain
(Loss)
(000)		     Change in
Unrealized
Appr./
(Depr.)
(000)		     Market
Value
10/31/19
(000)		      Dividend
Income
(000)		     Realized
Gains
(000)		  

AB Discovery Growth Fund, Inc.

    $ 12     $ 10      $ – 0  –    $ – 0  –    $ (2 )    $ 20      $ – 0  –   $ – 0  – 

AB Discovery Value Fund

      16       11        1       – 0  –      1       27        – 0  –      – 0  – 

AB Global Bond Fund, Inc.

      17       17        9       – 0  –      – 0  –      25        – 0  –*      – 0  – 

AB Global Real Estate Investment Fund II

      12       8        1       – 0  –      1       20        – 0  –*      – 0  – 

AB Relative Value Fund

      27       20        1       – 0  –      2       48        – 0  –      – 0  – 

AB Unconstrained Bond Fund, Inc.

      – 0  –      7        – 0  –      – 0  –      – 0  –      7        – 0  –*      – 0  – 

Government Money Market Portfolio

      3       299        296       – 0  –      – 0  –      6        – 0  –*      – 0  – 
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Total

    $ 87     $ 372      $ 308     $             – 0  –    $ 2     $ 153      $             – 0  –    $             – 0  – 
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

 

*

Amount less than $500.