0001752724-20-216656.txt : 20201027 0001752724-20-216656.hdr.sgml : 20201027 20201027135003 ACCESSION NUMBER: 0001752724-20-216656 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200831 FILED AS OF DATE: 20201027 PERIOD START: 20201130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AB CAP FUND, INC. CENTRAL INDEX KEY: 0000081443 IRS NUMBER: 132625045 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-01716 FILM NUMBER: 201263448 BUSINESS ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2129691000 MAIL ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN CAP FUND, INC. DATE OF NAME CHANGE: 20110524 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN CAP FUND,INC DATE OF NAME CHANGE: 20040908 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN SMALL CAP GROWTH FUND INC DATE OF NAME CHANGE: 19931001 0000081443 S000062452 AB All China Equity Portfolio C000202616 Advisor Class ACEYX C000202617 Class A ACEAX NPORT-P 1 primary_doc.xml NPORT-P false 0000081443 XXXXXXXX S000062452 C000202617 C000202616 AB CAP FUND, INC. 811-01716 0000081443 549300I24E20QB4B6Y20 ALLIANCEBERNSTEIN LP 1345 AVENUE OF THE AMERICAS NEW YORK 10105 212-969-1000 AB All China Equity Portfolio S000062452 549300M0QRVBUIG3U327 2020-11-30 2020-08-31 N 134839078.64 1668721.58 133170357.06 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 180035.12000000 UST Ping An Bank Co Ltd 549300W9MKNIVWXFM679 Ping An Bank Co Ltd 000000000 800173.00000000 NS 1761435.15000000 1.322693119465 Long EC CORP CN N 2 N N N Zhuzhou Kibing Group Co Ltd 300300RWM4DKUZFOIT68 Zhuzhou Kibing Group Co Ltd 000000000 1171900.00000000 NS 1439821.05000000 1.081187346633 Long EC CORP CN N 2 N N N CITIC Securities Co Ltd 300300E1006744000068 CITIC Securities Co Ltd 000000000 628710.00000000 NS 2920266.86000000 2.192880551250 Long EC CORP CN N 2 N N N China Construction Bank Corp 5493001KQW6DM7KEDR62 China Construction Bank Corp 000000000 6293000.00000000 NS 4434763.22000000 3.330142922123 Long EC CORP CN N 2 N N N Alliance Bernstein 5493006YWHO7MNK2U579 AB Fixed Income Shares, Inc. - Government Money Market Portfolio 018616748 1552388.66000000 NS USD 1552388.66000000 1.165716375830 Long STIV RF US N 1 N N N Times Neighborhood Holdings Ltd N/A Times Neighborhood Holdings Ltd 000000000 908000.00000000 NS 1298484.40000000 0.975055131387 Long EC CORP KY N 2 N N N Weichai Power Co Ltd 529900OKTPKBG85F9502 Weichai Power Co Ltd 000000000 1007915.00000000 NS 2179265.16000000 1.636449137864 Long EC CORP CN N 2 N N N Haier Smart Home Co Ltd 3003002BYTNGNJTWSH07 Haier Smart Home Co Ltd 000000000 406406.00000000 NS 1321880.02000000 0.992623320371 Long EC CORP CN N 2 N N N Joincare Pharmaceutical Group Industry Co Ltd 3003006PUWUKPH72TS46 Joincare Pharmaceutical Group Industry Co Ltd 000000000 291600.00000000 NS 828002.55000000 0.621761905787 Long EC CORP CN N 2 N N N Tianshui Huatian Technology Co Ltd N/A Tianshui Huatian Technology Co Ltd 000000000 274700.00000000 NS 635784.07000000 0.477421615467 Long EC CORP CN N 2 N N N CIFI Holdings Group Co Ltd 549300WGKSV867C0JF48 CIFI Holdings Group Co Ltd 000000000 1913083.00000000 NS 1626115.37000000 1.221079079383 Long EC CORP KY N 2 N N N New Oriental Education & Technology Group Inc 529900NHZVBZQZ8EKN29 New Oriental Education & Technology Group Inc 647581107 7630.00000000 NS USD 1118786.90000000 0.840117068617 Long EC CORP KY N 1 N N N Beijing Sinnet Technology Co Ltd N/A Beijing Sinnet Technology Co Ltd 000000000 130200.00000000 NS 500459.96000000 0.375804323911 Long EC CORP CN N 2 N N N Kweichow Moutai Co Ltd N/A Kweichow Moutai Co Ltd 000000000 13163.00000000 NS 3430519.46000000 2.576038343468 Long EC CORP CN N 2 N N N Meituan Dianping 21380033K525E5JLIA77 Meituan Dianping 000000000 68000.00000000 NS 2241565.91000000 1.683231883947 Long EC CORP KY N 2 N N N Huaneng Lancang River Hydropower Inc 30030082YV5CD400SM55 Huaneng Lancang River Hydropower Inc 000000000 1226200.00000000 NS 728195.40000000 0.546814933951 Long EC CORP CN N 2 N N N Ping An Insurance Group Co of China Ltd 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd 000000000 441393.00000000 NS 4936097.47000000 3.706603766013 Long EC CORP CN N 2 N N N Times China Holdings Ltd 2549000KTINB9ZPZP710 Times China Holdings Ltd 000000000 1195000.00000000 NS 1834730.06000000 1.377731576685 Long EC CORP KY N 2 N N N Midea Group Co Ltd 3003003TRPHLHZD2IF61 Midea Group Co Ltd 000000000 104000.00000000 NS 1070641.04000000 0.803963482291 Long EC CORP CN N 2 N N N Contemporary Amperex Technology Co Ltd 300300KINDY1K0E9I032 Contemporary Amperex Technology Co Ltd 000000000 51449.00000000 NS 1582693.38000000 1.188472731425 Long EC CORP CN N 2 N N N Kunlun Energy Co Ltd 5299007GRIKP15GM4927 Kunlun Energy Co Ltd 000000000 1278000.00000000 NS 950905.41000000 0.714051858831 Long EC CORP BM N 2 N N N Zhongsheng Group Holdings Ltd 3003005VYMEBAJNJ2Y26 Zhongsheng Group Holdings Ltd 000000000 197000.00000000 NS 1228587.57000000 0.922568353140 Long EC CORP KY N 2 N N N Bank of Nanjing Co Ltd 300300C1086932000062 Bank of Nanjing Co Ltd 000000000 965600.00000000 NS 1210769.62000000 0.909188536195 Long EC CORP CN N 2 N N N Zoomlion Heavy Industry Science and Technology Co Ltd 529900QZ3EMAU0QKFK85 Zoomlion Heavy Industry Science and Technology Co Ltd 000000000 2208045.00000000 NS 2744013.97000000 2.060529107662 Long EC CORP CN N 2 N N N Jiumaojiu International Holdings Ltd N/A Jiumaojiu International Holdings Ltd 000000000 631000.00000000 NS 1432111.99000000 1.075398475769 Long EC CORP KY N 2 N N N GDS Holdings Ltd 391200MGV8DDCHTN2R77 GDS Holdings Ltd 36165L108 27730.00000000 NS USD 2244466.20000000 1.685409763517 Long EC CORP KY N 1 N N Huayu Automotive Systems Co Ltd 3003001J2BNVV78BOT83 Huayu Automotive Systems Co Ltd 000000000 317100.00000000 NS 1155526.74000000 0.867705670774 Long EC CORP CN N 2 N N N Shandong Hi-speed Co Ltd 300300B9G799APH8HE50 Shandong Hi-speed Co Ltd 000000000 1347297.00000000 NS 1260123.62000000 0.946249336428 Long EC CORP CN N 2 N N N Anhui Conch Cement Co Ltd 300300JVKW56SSAEQZ33 Anhui Conch Cement Co Ltd 000000000 181950.00000000 NS 1615835.74000000 1.213359921586 Long EC CORP CN N 2 N N N NetEase Inc 5299004AF4DSJDB0PA32 NetEase Inc 64110W102 5110.00000000 NS USD 2489643.10000000 1.869517477435 Long EC CORP KY N 1 N N N China Mobile Ltd 529900U2JJ7GK68NI589 China Mobile Ltd 000000000 139500.00000000 NS 976209.58000000 0.733053212104 Long EC CORP HK N 2 N N N G-bits Network Technology Xiamen Co Ltd N/A G-bits Network Technology Xiamen Co Ltd 000000000 11599.00000000 NS 1047734.88000000 0.786762837564 Long EC CORP CN N 2 N N N 21Vianet Group Inc 529900672GYJQ3T38I58 21Vianet Group Inc 90138A103 72510.00000000 NS USD 1682957.10000000 1.263762549830 Long EC CORP KY N 1 N N N China Resources Cement Holdings Ltd 529900E0EOYXYJ0GHY66 China Resources Cement Holdings Ltd 000000000 970000.00000000 NS 1412613.60000000 1.060756786409 Long EC CORP KY N 2 N N N BOE Technology Group Co Ltd N/A BOE Technology Group Co Ltd 000000000 840700.00000000 NS 674402.71000000 0.506421042106 Long EC CORP CN N 2 N N N Guangzhou Automobile Group Co Ltd 5299005KY9BJO3ZE6A37 Guangzhou Automobile Group Co Ltd 000000000 1456000.00000000 NS 1252793.67000000 0.940745146035 Long EC CORP CN N 2 N N N Haitong Securities Co Ltd 300300E1003931000068 Haitong Securities Co Ltd 000000000 1006800.00000000 NS 914099.11000000 0.686413350673 Long EC CORP CN N 2 N N N Beijing Kunlun Tech Co Ltd 300300AMV45UQEH2Z513 Beijing Kunlun Tech Co Ltd 000000000 177572.00000000 NS 721468.04000000 0.541763239153 Long EC CORP CN N 2 N N N China Tourism Group Duty Free Corp Ltd N/A China Tourism Group Duty Free Corp Ltd 000000000 32906.00000000 NS 997904.19000000 0.749344082294 Long EC CORP CN N 2 N N N SAIC Motor Corp Ltd N/A SAIC Motor Corp Ltd 000000000 168200.00000000 NS 458419.02000000 0.344235031068 Long EC CORP CN N 2 N N N Zhejiang Huahai Pharmaceutical Co Ltd 300300A5ITVN4JK5AS34 Zhejiang Huahai Pharmaceutical Co Ltd 000000000 175450.00000000 NS 1120615.36000000 0.841490091894 Long EC CORP CN N 2 N N N Midea Real Estate Holding Ltd 300300CW5XG771ZXV614 Midea Real Estate Holding Ltd 000000000 779400.00000000 NS 1984545.67000000 1.490230794459 Long EC CORP KY N 2 N N China Yangtze Power Co Ltd 3003008VX8JFJXA6QP74 China Yangtze Power Co Ltd 000000000 390482.00000000 NS 1099731.73000000 0.825808201073 Long EC CORP CN N 2 N N N Shanghai Pharmaceuticals Holding Co Ltd 30030029J1KKCBY19820 Shanghai Pharmaceuticals Holding Co Ltd 000000000 570500.00000000 NS 1015228.75000000 0.762353403875 Long EC CORP CN N 2 N N N Poly Developments and Holdings Group Co Ltd 300300W9OF1ZRGUDVU96 Poly Developments and Holdings Group Co Ltd 000000000 651200.00000000 NS 1530928.96000000 1.149601903755 Long EC CORP CN N 2 N N N WH Group Ltd 254900A4AYEDRWYSE928 WH Group Ltd 000000000 1023500.00000000 NS 882160.01000000 0.662429709941 Long EC CORP KY N 2 N N N Luxshare Precision Industry Co Ltd 300300QLLDUELXN16530 Luxshare Precision Industry Co Ltd 000000000 404510.00000000 NS 3258883.50000000 2.447153835092 Long EC CORP CN N 2 N N N ENN Energy Holdings Ltd 549300V7BXPWT6WIPR03 ENN Energy Holdings Ltd 000000000 138000.00000000 NS 1529035.66000000 1.148180190964 Long EC CORP KY N 2 N N N New Hope Liuhe Co Ltd 300300F28XODWP5GJF78 New Hope Liuhe Co Ltd 000000000 136000.00000000 NS 754075.34000000 0.566248643202 Long EC CORP CN N 2 N N N Topsports International Holdings Ltd N/A Topsports International Holdings Ltd 000000000 756000.00000000 NS 933596.89000000 0.701054581973 Long EC CORP KY N 2 N N N Ever Sunshine Lifestyle Services Group Ltd N/A Ever Sunshine Lifestyle Services Group Ltd 000000000 806290.00000000 NS 1657450.29000000 1.244609030561 Long EC CORP KY N 2 N N N Jiangsu Hengrui Medicine Co Ltd N/A Jiangsu Hengrui Medicine Co Ltd 000000000 147577.00000000 NS 2041085.56000000 1.532687607858 Long EC CORP CN N 2 N N N Gemdale Corp 300300VAI0OCY3OKWO66 Gemdale Corp 000000000 299320.00000000 NS 625609.87000000 0.469781626941 Long EC CORP CN N 2 N N N Hangzhou Tigermed Consulting Co Ltd 300300CP4N8WDF6DOO67 Hangzhou Tigermed Consulting Co Ltd 000000000 47376.00000000 NS 773328.71000000 0.580706342667 Long EC CORP CN N 2 N N N A-Living Services Co Ltd 3003007MSHCO6ZTTSZ09 A-Living Services Co Ltd 000000000 156250.00000000 NS 805150.83000000 0.604602141028 Long EC CORP CN N 2 N N N Shengyi Technology Co Ltd N/A Shengyi Technology Co Ltd 000000000 579242.00000000 NS 2095481.31000000 1.573534348230 Long EC CORP CN N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 182050.00000000 NS 12437357.66000000 9.339434041163 Long EC CORP KY N 2 N N N Wuliangye Yibin Co Ltd N/A Wuliangye Yibin Co Ltd 000000000 105536.00000000 NS 3694556.49000000 2.774308465911 Long EC CORP CN N 2 N N N Li Ning Co Ltd 529900T77L2FV3FZ3U81 Li Ning Co Ltd 000000000 743000.00000000 NS 3138361.46000000 2.356651682315 Long EC CORP KY N 2 N N N Geely Automobile Holdings Ltd 549300YS3T1KVQ2SNI84 Geely Automobile Holdings Ltd 000000000 665000.00000000 NS 1415306.83000000 1.062779180927 Long EC CORP KY N 2 N N N East Money Information Co Ltd N/A East Money Information Co Ltd 000000000 101500.00000000 NS 388008.93000000 0.291362836719 Long EC CORP CN N 2 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd 000000000 394860.00000000 NS 14212926.96000000 10.67274074634 Long EC CORP KY N 2 N N N Shennan Circuits Co Ltd 300300VRJEDEV10SPJ55 Shennan Circuits Co Ltd 000000000 98406.00000000 NS 1989463.24000000 1.493923485617 Long EC CORP CN N 2 N N N Yunnan Baiyao Group Co Ltd N/A Yunnan Baiyao Group Co Ltd 000000000 41303.00000000 NS 696877.14000000 0.523297493064 Long EC CORP CN N 2 N N N Alliance Bernstein 5493006YWHO7MNK2U579 AB Fixed Income Shares, Inc. - Government Money Market Portfolio 018616748 268000.00000000 NS USD 268000.00000000 0.201245987407 Long STIV RF US N 1 N N Galaxy Entertainment Group Ltd 549300ZSEBV3HR826S10 Galaxy Entertainment Group Ltd 000000000 247000.00000000 NS 1941718.97000000 1.458071460396 Long EC CORP HK N 2 N N N Livzon Pharmaceutical Group Inc 529900Y4GWTVVTORJ443 Livzon Pharmaceutical Group Inc 000000000 152807.00000000 NS 1191900.53000000 0.895019399447 Long EC CORP CN N 2 N N N Sany Heavy Industry Co Ltd 3003001FS86S7NYOHV89 Sany Heavy Industry Co Ltd 000000000 649221.00000000 NS 2095756.05000000 1.573740655404 Long EC CORP CN N 2 N N N Bank of Hangzhou Co Ltd 300300C1092033000075 Bank of Hangzhou Co Ltd 000000000 650500.00000000 NS 1229346.15000000 0.923137984413 Long EC CORP CN N 2 N N N Melco Resorts & Entertainment Ltd 529900NRV6LBR3T6B421 Melco Resorts & Entertainment Ltd 585464100 63550.00000000 NS USD 1240496.00000000 0.931510605953 Long EC CORP KY N 1 N N N Guangdong Tapai Group Co Ltd N/A Guangdong Tapai Group Co Ltd 000000000 287200.00000000 NS 660850.08000000 0.496244130142 Long EC CORP CN N 2 N N N 2020-09-30 AB CAP FUND, INC. Joseph Mantineo Joseph Mantineo Treasuer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_3824494237992403.htm HTML

AB Cap Fund, Inc.

AB All China Equity Portfolio

Portfolio of Investments

August 31, 2020 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 98.0%

 

Consumer Discretionary – 26.4%

 

Auto Components – 0.9%

 

Huayu Automotive Systems Co., Ltd. - Class A

      317,100        $ 1,155,527  
       

 

 

  

Automobiles – 2.3%

 

Geely Automobile Holdings Ltd.

      665,000          1,415,307  

Guangzhou Automobile Group Co., Ltd. - Class H

      1,456,000          1,252,793  

SAIC Motor Corp., Ltd. - Class A

      168,200          458,419  
       

 

 

  
          3,126,519  
       

 

 

  

Diversified Consumer Services – 0.8%

 

New Oriental Education & Technology Group, Inc. (Sponsored ADR)(a)

      7,630          1,118,787  
       

 

 

  

Hotels, Restaurants & Leisure – 3.5%

 

Galaxy Entertainment Group Ltd.

      247,000          1,941,719  

Jiumaojiu International Holdings Ltd.(a) (b)

      631,000          1,432,112  

Melco Resorts & Entertainment Ltd. (ADR)

      63,550          1,240,496  
       

 

 

  
          4,614,327  
       

 

 

  

Household Durables – 1.8%

 

Haier Smart Home Co., Ltd. - Class A

      406,406          1,321,880  

Midea Group Co., Ltd. - Class A

      104,000          1,070,641  
       

 

 

  
          2,392,521  
       

 

 

  

Internet & Direct Marketing Retail – 12.3%

 

Alibaba Group Holding Ltd.(a)

      394,860          14,212,927  

Meituan Dianping - Class B(a) (b)

      68,000          2,241,566  
       

 

 

  
          16,454,493  
       

 

 

  

Specialty Retail – 2.4%

 

China Tourism Group Duty Free Corp., Ltd. - Class A (Nth SSE-SEHK)

      32,906          997,904  

Topsports International Holdings Ltd.(b)

      756,000          933,597  

Zhongsheng Group Holdings Ltd.

      197,000          1,228,588  
       

 

 

  
          3,160,089  
       

 

 

  

Textiles, Apparel & Luxury Goods – 2.4%

 

Li Ning Co., Ltd.

      743,000          3,138,361  
       

 

 

  
          35,160,624  
       

 

 

  

Financials – 13.3%

 

Banks – 6.5%

 

Bank of Hangzhou Co., Ltd. - Class A (Nth SSE-SEHK)

      650,500          1,229,346  

Bank of Nanjing Co., Ltd. - Class A

      965,600          1,210,770  

China Construction Bank Corp. - Class H

      6,293,000          4,434,763  

Ping An Bank Co., Ltd. - Class A

      800,173          1,761,435  
       

 

 

  
          8,636,314  
       

 

 

  

Capital Markets – 3.1%

 

CITIC Securities Co., Ltd. - Class A

      628,710          2,920,267  

East Money Information Co., Ltd. - Class A

      101,500          388,009  

Company    Shares        U.S. $ Value  

Haitong Securities Co., Ltd. - Class H(a)

      1,006,800        $ 914,099  
       

 

 

  
          4,222,375  
       

 

 

  

Insurance – 3.7%

 

Ping An Insurance Group Co. of China Ltd. - Class A

      441,393          4,936,098  
       

 

 

  
          17,794,787  
       

 

 

  

Communication Services – 13.2%

 

Entertainment – 3.2%

 

Beijing Kunlun Tech Co., Ltd. - Class A (Nth SZ-SEHK)

      177,572          721,468  

G-bits Network Technology Xiamen Co., Ltd. - Class A

      11,599          1,047,735  

NetEase, Inc. (ADR)

      5,110          2,489,643  
       

 

 

  
          4,258,846  
       

 

 

  

Interactive Media & Services – 9.3%

 

Tencent Holdings Ltd.

      182,050          12,437,358  
       

 

 

  

Wireless Telecommunication Services – 0.7%

 

China Mobile Ltd.

      139,500          976,209  
       

 

 

  
          17,672,413  
       

 

 

  

Industrials – 10.3%

 

Building Products – 1.1%

 

Zhuzhou Kibing Group Co., Ltd. - Class A

      1,171,900          1,439,821  
       

 

 

  

Commercial Services & Supplies – 1.8%

 

A-Living Services Co., Ltd. - Class H(b)

      156,250          805,151  

Ever Sunshine Lifestyle Services Group Ltd.(b)

      806,290          1,657,450  
       

 

 

  
          2,462,601  
       

 

 

  

Electrical Equipment – 1.2%

 

Contemporary Amperex Technology Co., Ltd. - Class A

      51,449          1,582,693  
       

 

 

  

Machinery – 5.3%

 

Sany Heavy Industry Co., Ltd. - Class A

      649,221          2,095,756  

Weichai Power Co., Ltd. - Class A

      1,007,915          2,179,265  

Zoomlion Heavy Industry Science and Technology Co., Ltd. - Class A(a)

      2,208,045          2,744,014  
       

 

 

  
          7,019,035  
       

 

 

  

Transportation Infrastructure – 0.9%

 

Shandong Hi-speed Co., Ltd. - Class A

      1,347,297          1,260,124  
       

 

 

  
          13,764,274  
       

 

 

  

Information Technology – 9.8%

 

Electronic Equipment, Instruments & Components – 6.0%

 

BOE Technology Group Co., Ltd. - Class A

      840,700          674,403  

Luxshare Precision Industry Co., Ltd. - Class A

      404,510          3,258,884  

Shengyi Technology Co., Ltd. - Class A

      579,242          2,095,481  

Shennan Circuits Co., Ltd. - Class A

      98,406          1,989,463  
       

 

 

  
          8,018,231  
       

 

 

  

Company    Shares        U.S. $ Value  

IT Services – 3.3%

 

21Vianet Group, Inc. (ADR)(a)

      72,510        $ 1,682,957  

Beijing Sinnet Technology Co., Ltd. - Class A

      130,200          500,460  

GDS Holdings Ltd. (ADR)(a) (c)

      27,730          2,244,466  
       

 

 

  
          4,427,883  
       

 

 

  

Semiconductors & Semiconductor Equipment – 0.5%

 

Tianshui Huatian Technology Co., Ltd.

      274,700          635,784  
       

 

 

  
          13,081,898  
       

 

 

  

Real Estate – 6.7%

 

Real Estate Management & Development – 6.7%

 

CIFI Holdings Group Co., Ltd.

      1,913,083          1,626,115  

Gemdale Corp. - Class A

      299,320          625,610  

Midea Real Estate Holding Ltd.(b) (c)

      779,400          1,984,546  

Poly Developments and Holdings Group Co., Ltd. - Class A

      651,200          1,530,929  

Times China Holdings Ltd.

      1,195,000          1,834,730  

Times Neighborhood Holdings Ltd.(b)

      908,000          1,298,484  
       

 

 

  
          8,900,414  
       

 

 

  

Consumer Staples – 6.6%

 

Beverages – 5.4%

 

Kweichow Moutai Co., Ltd. - Class A

      13,163          3,430,519  

Wuliangye Yibin Co., Ltd. - Class A

      105,536          3,694,557  
       

 

 

  
          7,125,076  
       

 

 

  

Food Products – 1.2%

 

New Hope Liuhe Co., Ltd. - Class A

      136,000          754,075  

WH Group Ltd.(b)

      1,023,500          882,160  
       

 

 

  
          1,636,235  
       

 

 

  
          8,761,311  
       

 

 

  

Health Care – 5.7%

 

Health Care Providers & Services – 0.7%

 

Shanghai Pharmaceuticals Holding Co., Ltd. - Class H

      570,500          1,015,229  
       

 

 

  

Life Sciences Tools & Services – 0.6%

 

Hangzhou Tigermed Consulting Co., Ltd. - Class A

      47,376          773,329  
       

 

 

  

Pharmaceuticals – 4.4%

 

Jiangsu Hengrui Medicine Co., Ltd. - Class A

      147,577          2,041,086  

Joincare Pharmaceutical Group Industry Co., Ltd. - Class A (Nth SSE-SEHK)

      291,600          828,003  

Livzon Pharmaceutical Group, Inc. - Class A (Nth SZ-SEHK)

      152,807          1,191,900  

Yunnan Baiyao Group Co., Ltd. - Class A (Nth SZ-SEHK)

      41,303          696,877  

Zhejiang Huahai Pharmaceutical Co., Ltd. - Class A

      175,450          1,120,615  
       

 

 

  
          5,878,481  
       

 

 

  
          7,667,039  
       

 

 

  

Company    Shares        U.S. $ Value  

Utilities – 3.2%

 

Gas Utilities – 1.8%

 

ENN Energy Holdings Ltd.

      138,000        $ 1,529,036  

Kunlun Energy Co., Ltd.

      1,278,000          950,905  
       

 

 

  
       2,479,941  
       

 

 

  

Independent Power and Renewable Electricity Producers – 1.4%

 

China Yangtze Power Co., Ltd. - Class A

      390,482          1,099,732  

Huaneng Lancang River Hydropower, Inc. - Class A

      1,226,200          728,195  
       

 

 

  
       1,827,927  
       

 

 

  
       4,307,868  
       

 

 

  

Materials – 2.8%

 

Construction Materials – 2.8%

 

Anhui Conch Cement Co., Ltd. - Class A

      181,950          1,615,836  

China Resources Cement Holdings Ltd.

      970,000          1,412,614  

Guangdong Tapai Group Co., Ltd. - Class A

      287,200          660,850  
       

 

 

  
       3,689,300  
       

 

 

  

Total Common Stocks
(cost $95,163,453)

 

        130,799,928  
       

 

 

  

SHORT-TERM INVESTMENTS – 1.2%

 

Investment Companies – 1.2%

 

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.08%(d) (e) (f)
(cost $1,552,389)

      1,552,389          1,552,389  
       

 

 

  

Total Investments Before Security Lending Collateral for Securities Loaned – 99.2%

    

(cost $96,715,842)

           132,352,317  
       

 

 

  

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

Investment Companies – 0.2%

 

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.08%(d) (e) (f)
(cost $268,000)

      268,000          268,000  
       

 

 

  

Total Investments – 99.4%

        

(cost $96,983,842)(g)

 

        132,620,317  

Other assets less liabilities – 0.6%

 

        770,742  
       

 

 

  

Net Assets – 100.0%

 

      $ 133,391,059  
       

 

 

  

 

(a)

Non-income producing security.

(b)

Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2020, the aggregate market value of these securities amounted to $11,235,066 or 8.4% of net assets.

(c)

Represents entire or partial securities out on loan.

(d)

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.

(e)

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

(f)

Affiliated investments.

(g)

As of August 31, 2020, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $37,277,509 and gross unrealized depreciation of investments was $(1,641,034), resulting in net unrealized appreciation of $35,636,475.

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.

Glossary:

ADR – American Depositary Receipt

 

COUNTRY BREAKDOWN1

August 30, 2020 (unaudited)

                      95.7 %    China
  1.6 %    Hong Kong
  1.5 %    Macau
  1.2 %    Short-Term

 

 

    
  100.0 %    Total Investments

 

 

    

 

1

All data are as of August 30, 2020. The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time.

AB Cap Fund, Inc.

AB All China Equity Portfolio

August 31, 2020 (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, 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 August 31, 2020:

 

Investments in Securities

    Level 1      Level 2      Level 3      Total  
Assets:            
Common Stocks:            

Consumer Discretionary

    $ 2,359,283      $  32,801,341      $                 -0-        $ 35,160,624  

Financials

      -0-          17,794,787        -0-          17,794,787  

Communication Services

      2,489,643        15,182,770        -0-          17,672,413  

Industrials

      -0-          13,764,274        -0-          13,764,274  

Information Technology

      3,927,423        9,154,475        -0-          13,081,898  

Real Estate

      -0-          8,900,414        -0-          8,900,414  

Consumer Staples

      -0-          8,761,311        -0-          8,761,311  

Health Care

      -0-          7,667,039        -0-          7,667,039  

Utilities

      -0-          4,307,868        -0-          4,307,868  

Materials

      -0-          3,689,300        -0-          3,689,300  
Short-Term Investments:            

Investment Companies

      1,552,389        -0-          -0-          1,552,389  
Investments of Cash Collateral for Securities Loaned in            

Affiliated Money Market Fund

      268,000        -0-          -0-          268,000  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      10,596,738        122,023,579+        -0-          132,620,317  
Other Financial Instruments*      -0-          -0-          -0-          -0-  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $  10,596,738      $ 122,023,579      $                 -0-        $  132,620,317  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

+

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. Other financial instruments may also include swaps with upfront premiums, options written and swaptions written which are valued at market value.

A summary of the Fund’s transactions in AB mutual funds for the nine months ended August 31, 2020 is as follows:

 

Fund

    Market Value
11/30/19
(000)		      Purchases
at Cost
(000)		      Sales
Proceeds
(000)		      Market Value
8/31/20
(000)		      Dividend
Income
(000)		  
Government Money Market Portfolio    $         647      $     32,885      $     31,980      $     1,552      $         15  
Government Money Market Portfolio*      253        7,236        7,221        268        2  
Total                               $ 1,820      $ 17  

 

*  Investments of cash collateral for securities lending transactions.