NPORT-EX 2 NPORT_343854444981230.htm HTML

AB Cap Fund, Inc.

AB International Strategic Core Portfolio

Portfolio of Investments

September 30, 2020 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 95.6%

        

Information Technology – 16.7%

        

IT Services – 3.2%

        

Amadeus IT Group SA - Class A

      65,224        $ 3,622,283  

Capgemini SE

      54,344          6,972,085  

Otsuka Corp.

      104,700          5,350,312  
       

 

 

  
          15,944,680  
       

 

 

  

Semiconductors & Semiconductor Equipment – 0.7%

        

Taiwan Semiconductor Manufacturing Co., Ltd.

      222,000          3,339,786  
       

 

 

  

Software – 11.1%

 

Avast PLC(a)

      924,090          6,273,744  

Check Point Software Technologies Ltd.(b)

      68,053          8,189,498  

Constellation Software, Inc./Canada

      11,353          12,615,553  

Nice Ltd.(b)

      43,768          9,923,283  

Oracle Corp. Japan

      111,800          12,071,812  

SAP SE

      41,039          6,390,519  
       

 

 

  
          55,464,409  
       

 

 

  

Technology Hardware, Storage & Peripherals – 1.7%

        

Logitech International SA

      49,230          3,813,461  

Samsung Electronics Co., Ltd.

      93,300          4,631,800  
       

 

 

  
          8,445,261  
       

 

 

  
          83,194,136  
       

 

 

  

Financials – 15.2%

        

Banks – 5.9%

        

Bank Leumi Le-Israel BM

      970,000          4,270,296  

DBS Group Holdings Ltd.

      420,900          6,187,800  

Hang Seng Bank Ltd.

      167,300          2,478,513  

KBC Group NV

      85,930          4,309,054  

Oversea-Chinese Banking Corp., Ltd.

      666,980          4,147,775  

Royal Bank of Canada

      82,629          5,801,499  

Westpac Banking Corp.

      191,640          2,330,209  
       

 

 

  
          29,525,146  
       

 

 

  

Capital Markets – 4.1%

        

Euronext NV(a)

      25,271          3,165,601  

Partners Group Holding AG

      11,723          10,782,863  

Singapore Exchange Ltd.

      963,400          6,497,813  
       

 

 

  
          20,446,277  
       

 

 

  

Insurance – 5.2%

        

Admiral Group PLC

      265,770          8,963,165  

Allianz SE (REG)

      9,920          1,903,944  

Sampo Oyj - Class A

      176,200          6,978,027  

Swiss Re AG

      38,350          2,844,762  

Zurich Insurance Group AG

      13,920          4,854,117  
       

 

 

  
          25,544,015  
       

 

 

  
          75,515,438  
       

 

 

  

 

1

Company    Shares        U.S. $ Value  

Industrials – 14.6%

        

Aerospace & Defense – 0.7%

        

BAE Systems PLC

      587,340        $ 3,647,683  
       

 

 

  

Air Freight & Logistics – 3.2%

        

Kuehne & Nagel International AG

      26,080          5,064,043  

SG Holdings Co., Ltd.

      206,800          10,760,563  
       

 

 

  
          15,824,606  
       

 

 

  

Commercial Services & Supplies – 1.2%

        

Secom Co., Ltd.

      64,700          5,921,054  
       

 

 

  

Electrical Equipment – 0.5%

        

Schneider Electric SE (Paris)

      20,330          2,526,997  
       

 

 

  

Professional Services – 9.0%

        

Experian PLC

      175,296          6,586,638  

Intertek Group PLC

      43,210          3,525,790  

Intertrust NV

      171,020          2,911,144  

Meitec Corp.

      105,400          5,375,364  

RELX PLC

      608,965          13,554,388  

Wolters Kluwer NV

      150,401          12,829,577  
       

 

 

  
          44,782,901  
       

 

 

  
          72,703,241  
       

 

 

  

Consumer Staples – 12.8%

        

Food & Staples Retailing – 2.1%

        

Koninklijke Ahold Delhaize NV

      355,490          10,507,550  
       

 

 

  

Food Products – 5.3%

        

Calbee, Inc.

      79,200          2,608,687  

Morinaga & Co., Ltd./Japan

      79,300          3,129,085  

Nestle SA (REG)

      102,520          12,201,114  

Salmar ASA(b)

      150,700          8,540,683  
       

 

 

  
          26,479,569  
       

 

 

  

Personal Products – 1.0%

        

Unilever PLC

      82,410          5,080,843  
       

 

 

  

Tobacco – 4.4%

        

British American Tobacco PLC

      143,851          5,160,125  

Philip Morris International, Inc.

      86,940          6,519,631  

Swedish Match AB

      122,787          10,039,892  
       

 

 

  
          21,719,648  
       

 

 

  
          63,787,610  
       

 

 

  

Health Care – 10.1%

        

Health Care Equipment & Supplies – 0.4%

        

ConvaTec Group PLC(a)

      882,190          2,032,304  
       

 

 

  

Health Care Providers & Services – 0.5%

        

Galenica AG(a)

      31,380          2,182,063  
       

 

 

  

Pharmaceuticals – 9.2%

        

Astellas Pharma, Inc.

      390,800          5,825,498  

GlaxoSmithKline PLC

      367,450          6,888,771  

Novo Nordisk A/S - Class B

      135,330          9,376,283  

Roche Holding AG

      50,277          17,221,912  

Sanofi

      43,310          4,340,175  

 

2

Company    Shares        U.S. $ Value  

Santen Pharmaceutical Co., Ltd.

      106,700        $ 2,181,575  
       

 

 

  
          45,834,214  
       

 

 

  
          50,048,581  
       

 

 

  

Communication Services – 8.3%

        

Diversified Telecommunication Services – 3.3%

        

HKT Trust & HKT Ltd. - Class SS

      4,235,000          5,621,147  

Nippon Telegraph & Telephone Corp.

      361,700          7,384,712  

TELUS Corp.

      191,430          3,368,409  
       

 

 

  
          16,374,268  
       

 

 

  

Entertainment – 0.6%

        

Ubisoft Entertainment SA(b)

      32,818          2,957,822  
       

 

 

  

Interactive Media & Services – 2.9%

        

Auto Trader Group PLC

      1,231,320          8,939,884  

Kakaku.com, Inc.

      212,800          5,610,239  
       

 

 

  
          14,550,123  
       

 

 

  

Media – 1.5%

        

Cogeco Communications, Inc.

      70,357          5,769,427  

Informa PLC(b)

      353,000          1,710,876  
       

 

 

  
          7,480,303  
       

 

 

  
          41,362,516  
       

 

 

  

Consumer Discretionary – 7.6%

        

Hotels, Restaurants & Leisure – 2.6%

        

Aristocrat Leisure Ltd.

      425,774          9,285,512  

Compass Group PLC

      259,310          3,895,296  
       

 

 

  
          13,180,808  
       

 

 

  

Internet & Direct Marketing Retail – 0.8%

        

Moneysupermarket.com Group PLC

      1,087,920          3,750,081  
       

 

 

  

Leisure Products – 1.8%

        

Bandai Namco Holdings, Inc.

      121,500          8,902,314  
       

 

 

  

Specialty Retail – 1.3%

        

Hikari Tsushin, Inc.

      17,600          4,199,164  

Nitori Holdings Co., Ltd.

      11,000          2,281,970  
       

 

 

  
          6,481,134  
       

 

 

  

Textiles, Apparel & Luxury Goods – 1.1%

        

adidas AG(b)

      8,370          2,703,027  

Pandora A/S

      40,930          2,952,600  
       

 

 

  
          5,655,627  
       

 

 

  
          37,969,964  
       

 

 

  

Utilities – 4.8%

        

Electric Utilities – 3.6%

        

EDP - Energias de Portugal SA

      1,744,240          8,576,313  

Enel SpA

      1,103,000          9,569,535  
       

 

 

  
          18,145,848  
       

 

 

  

 

3

Company    Shares        U.S. $ Value  

Gas Utilities – 1.2%

        

Tokyo Gas Co., Ltd.

      261,200        $ 5,960,715  
       

 

 

  
          24,106,563  
       

 

 

  

Real Estate – 4.4%

        

Equity Real Estate Investment Trusts (REITs) – 3.3%

        

Merlin Properties Socimi SA

      474,750          3,959,928  

Nippon Building Fund, Inc.

      1,097          6,209,000  

Nippon Prologis REIT, Inc.

      1,961          6,613,020  
       

 

 

  
          16,781,948  
       

 

 

  

Real Estate Management & Development – 1.1%

        

Vonovia SE

      78,230          5,362,900  
       

 

 

  
          22,144,848  
       

 

 

  

Energy – 0.8%

        

Oil, Gas & Consumable Fuels – 0.8%

        

Royal Dutch Shell PLC - Class B

      345,811          4,193,668  
       

 

 

  

Materials – 0.3%

        

Chemicals – 0.3%

        

Akzo Nobel NV

      12,161          1,229,118  
       

 

 

  

Total Common Stocks
(cost $435,867,059)

           476,255,683  
       

 

 

  

SHORT-TERM INVESTMENTS – 4.3%

        

Investment Companies – 4.3%

        

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.05%(c) (d) (e)
(cost $21,268,349)

      21,268,349          21,268,349  
       

 

 

  

Total Investments – 99.9%
(cost $457,135,408)(f)

           497,524,032  

Other assets less liabilities - 0.1%

           480,113  
       

 

 

  

Net Assets – 100.0%

         $ 498,004,145  
       

 

 

  

FORWARD CURRENCY EXCHANGE CONTRACTS

 

Counterparty      Contracts to
Deliver
(000)		      In Exchange
For
(000)		      Settlement
Date		      Unrealized
Appreciation/
(Depreciation)
Bank of America, NA          USD        4,062          JPY        428,010          10/08/2020        $ (3,348 )
Bank of America, NA          AUD        1,352          USD        979          10/16/2020          10,203
Bank of America, NA          USD        1,005          CHF        914          10/16/2020          (12,209 )
Bank of America, NA          USD        2,046          EUR        1,814          10/16/2020          81,323
Bank of America, NA          USD        984          GBP        773          10/16/2020          13,173
Bank of America, NA          USD        890          JPY        95,490          10/16/2020          15,788
Bank of America, NA          AUD        960          USD        678          10/29/2020          (9,477 )
Bank of America, NA          GBP        582          USD        752          11/19/2020          1,086
Barclays Bank PLC          JPY        78,058          USD        740          10/08/2020          (107 )
Barclays Bank PLC          USD        1,741          EUR        1,464          10/15/2020          (24,453 )
Barclays Bank PLC          GBP        1,050          USD        1,303          10/16/2020          (52,039 )
Barclays Bank PLC          USD        1,105          JPY        118,018          10/16/2020          14,410
BNP Paribas SA          SGD        1,792          USD        1,290          10/16/2020          (22,871 )
BNP Paribas SA          SGD        12,718          USD        9,293          10/27/2020          (23,706 )

 

4

Counterparty    Contracts to
Deliver
(000)		      In Exchange
For
(000)		      Settlement
Date		      Unrealized
Appreciation/
(Depreciation)
BNP Paribas SA        USD        836          AUD        1,143          10/29/2020        $ (17,391 )
Brown Brothers Harriman & Co.        JPY        285,222          USD        2,697          10/08/2020          (8,018 )
Brown Brothers Harriman & Co.        USD        2,150          JPY        227,303          10/08/2020          5,482
Brown Brothers Harriman & Co.        USD        1,279          JPY        134,620          10/08/2020          (2,195 )
Brown Brothers Harriman & Co.        CAD        1,619          USD        1,225          10/09/2020          9,223
Brown Brothers Harriman & Co.        EUR        2,074          USD        2,456          10/15/2020          23,762
Brown Brothers Harriman & Co.        USD        2,488          EUR        2,100          10/15/2020          (25,532 )
Brown Brothers Harriman & Co.        AUD        90          USD        64          10/16/2020          (880 )
Brown Brothers Harriman & Co.        CAD        1,732          USD        1,290          10/16/2020          (11,219 )
Brown Brothers Harriman & Co.        CHF        3,502          USD        3,684          10/16/2020          (119,790 )
Brown Brothers Harriman & Co.        GBP        1,561          USD        1,972          10/16/2020          (42,111 )
Brown Brothers Harriman & Co.        ILS        7,715          USD        2,241          10/16/2020          (11,725 )
Brown Brothers Harriman & Co.        NOK        8,788          USD        1,005          10/16/2020          63,126
Brown Brothers Harriman & Co.        SEK        6,567          USD        735          10/16/2020          1,656
Brown Brothers Harriman & Co.        USD        6,195          EUR        5,471          10/16/2020          221,211
Brown Brothers Harriman & Co.        USD        2,621          JPY        280,830          10/16/2020          41,986
Brown Brothers Harriman & Co.        USD        981          NOK        8,685          10/16/2020          (49,810 )
Brown Brothers Harriman & Co.        USD        19,730          AUD        27,534          10/29/2020          (7,770 )
Brown Brothers Harriman & Co.        ILS        5,530          USD        1,635          11/12/2020          20,082
Brown Brothers Harriman & Co.        CHF        4,070          USD        4,485          11/19/2020          60,453
Citibank, NA        JPY        78,884          USD        741          10/08/2020          (6,992 )
Citibank, NA        USD        886          JPY        93,202          10/08/2020          (2,519 )
Citibank, NA        USD        1,002          CAD        1,333          10/09/2020          (1,209 )
Citibank, NA        EUR        1,554          USD        1,817          10/15/2020          (5,251 )
Citibank, NA        USD        1,232          EUR        1,040          10/15/2020          (12,153 )
Citibank, NA        AUD        1,041          USD        731          10/16/2020          (14,719 )
Citibank, NA        CAD        1,794          USD        1,310          10/16/2020          (37,322 )
Citibank, NA        NOK        16,997          USD        1,825          10/16/2020          2,925
Citibank, NA        USD        1,522          AUD        2,204          10/16/2020          56,593
Citibank, NA        USD        1,161          EUR        1,022          10/16/2020          37,236
Citibank, NA        USD        3,222          JPY        346,389          10/16/2020          62,808
Citibank, NA        USD        2,561          SEK        23,450          10/16/2020          57,935
Credit Suisse International        USD        1,084          AUD        1,546          10/29/2020          23,734
Deutsche Bank AG        USD        3,145          SEK        28,424          10/16/2020          28,910
Goldman Sachs Bank USA        JPY        220,940          USD        2,115          10/08/2020          19,896
Goldman Sachs Bank USA        JPY        131,663          USD        1,241          10/08/2020          (7,765 )
Goldman Sachs Bank USA        USD        1,813          JPY        192,219          10/08/2020          9,987
Goldman Sachs Bank USA        USD        2,017          JPY        211,795          10/08/2020          (8,776 )
Goldman Sachs Bank USA        EUR        1,200          USD        1,428          10/15/2020          21,070
Goldman Sachs Bank USA        USD        2,462          EUR        2,107          10/15/2020          8,803
HSBC Bank USA        JPY        183,808          USD        1,740          10/08/2020          (3,195 )
HSBC Bank USA        USD        992          JPY        105,001          10/08/2020          3,945
HSBC Bank USA        USD        1,373          ILS        4,652          10/16/2020          (14,408 )
HSBC Bank USA        ILS        50,750          USD        14,940          11/12/2020              118,196
JPMorgan Chase Bank, NA        JPY        101,992          USD        967          10/08/2020          (490 )
JPMorgan Chase Bank, NA        USD        2,290          JPY        242,732          10/08/2020          11,431
JPMorgan Chase Bank, NA        CAD        29,015          USD        21,637          10/09/2020          (153,804 )
JPMorgan Chase Bank, NA        USD        725          CAD        960          10/09/2020          (3,623 )
JPMorgan Chase Bank, NA        USD        41,720          EUR        35,500          10/15/2020          (86,632 )
JPMorgan Chase Bank, NA        USD        1,598          EUR        1,410          10/16/2020          55,286

 

5

Counterparty    Contracts to
Deliver
(000)		      In Exchange
For
(000)		      Settlement
Date		      Unrealized
Appreciation/
(Depreciation)
Morgan Stanley Capital Services LLC        USD        10,956          JPY        1,155,765          10/08/2020        $ 3,500
Morgan Stanley Capital Services LLC        USD        1,607          JPY        169,506          10/08/2020          (67 )
Morgan Stanley Capital Services LLC        EUR        2,082          USD        2,481          10/15/2020          39,547
Morgan Stanley Capital Services LLC        AUD        1,376          USD        1,010          10/16/2020          24,459
Morgan Stanley Capital Services LLC        NOK        9,131          USD        1,005          10/16/2020                26,495
Morgan Stanley Capital Services LLC        NOK        18,597          USD        1,961          10/16/2020          (33,276 )
Morgan Stanley Capital Services LLC        USD        1,154          AUD        1,655          10/16/2020          31,700
Morgan Stanley Capital Services LLC        ILS        3,843          USD        1,131          11/12/2020          8,970
Morgan Stanley Capital Services LLC        GBP        7,858          USD        10,216          11/19/2020          74,253
Royal Bank of Scotland PLC        JPY        156,048          USD        1,473          10/08/2020          (6,998 )
Royal Bank of Scotland PLC        CAD        1,318          USD        1,001          10/09/2020          11,457
Royal Bank of Scotland PLC        USD        2,216          EUR        1,871          10/15/2020          (22,029 )
Royal Bank of Scotland PLC        USD        1,524          EUR        1,338          10/16/2020          45,564
Royal Bank of Scotland PLC        USD        2,613          JPY        278,896          10/16/2020          31,557
Standard Chartered Bank        USD        1,322          JPY        141,353          10/08/2020          18,755
Standard Chartered Bank        KRW        4,357,975          USD        3,669          11/10/2020          (68,763 )
Standard Chartered Bank        TWD        70,948          USD        2,444          11/18/2020          (23,466 )
UBS AG        CAD        1,603          USD        1,207          10/09/2020          3,096
UBS AG        CAD        1,253          USD        922          10/16/2020          (18,739 )
                                   

 

 

  
                                    $ 444,225
                                   

 

 

  

 

(a)

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 September 30, 2020, the aggregate market value of these securities amounted to $13,653,712 or 2.7% of net assets.

(b)

Non-income producing security.

(c)

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.

(d)

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

(e)

Affiliated investments.

(f)

As of September 30, 2020, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $63,798,782 and gross unrealized depreciation of investments was $(22,965,933), resulting in net unrealized appreciation of $40,832,849.

Currency Abbreviations:

AUD  –  Australian Dollar

CAD  –  Canadian Dollar

CHF  –  Swiss Franc

EUR  –  Euro

GBP  –  Great British Pound

ILS  –  Israeli Shekel

JPY  –  Japanese Yen

KRW  –  South Korean Won

NOK  –  Norwegian Krone

SEK  –  Swedish Krona

SGD  –  Singapore Dollar

TWD  –  New Taiwan Dollar
USD  –  United States Dollar
Glossary:
REG  –  Registered Shares
REIT  –  Real Estate Investment Trust

 

6

COUNTRY BREAKDOWN1

September 30, 2020 (unaudited)

     20.2 %     Japan   
     16.9 %     United Kingdom   
     11.8 %     Switzerland   
     6.2 %     Netherlands   
     5.5 %     Canada   
     4.5 %     Israel   
     3.4 %     Singapore   
     3.4 %     France   
     3.3 %     Germany   
     2.5 %     Denmark   
     2.3 %     Australia   
     2.0 %     Sweden   
     1.9 %     Italy   
     11.8 %     Other   
     4.3 %     Short-Term   
  

 

 

        
     100.0 %     Total Investments   
  

 

 

        

 

1   All data are as of September 30, 2020. The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. “Other” country weightings represent 1.7% or less in the following countries: Belgium, Finland, Hong Kong, Norway, Portugal, South Korea, Spain, Taiwan and United States.

 

7

AB Cap Fund, Inc.

AB International Strategic Core Portfolio

September 30, 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)

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.

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 September 30, 2020:

 

Investments in Securities

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

Information Technology

    $ 20,805,051      $ 62,389,085     $ -0-      $ 83,194,136  

Financials

      5,801,499        69,713,939       -0-        75,515,438  

Industrials

      -0-        72,703,241       -0-        72,703,241  

Consumer Staples

      6,519,631        57,267,979       -0-        63,787,610  

Health Care

      -0-        50,048,581       -0-        50,048,581  

Communication Services

      9,137,836        32,224,680       -0-        41,362,516  

Consumer Discretionary

      -0-        37,969,964       -0-        37,969,964  

Utilities

      -0-        24,106,563       -0-        24,106,563  

Real Estate

      -0-        22,144,848       -0-        22,144,848  

Energy

      -0-        4,193,668       -0-        4,193,668  

Materials

      -0-        1,229,118       -0-        1,229,118  
Short-Term Investments:           

Investment Companies

      21,268,349        -0-       -0-        21,268,349  
  

 

 

     

 

 

    

 

 

     

 

 

  
Total Investments in Securities      63,532,366         433,991,666 †       -0-        497,524,032  
Other Financial Instruments*:           
Assets           
Forward Currency Exchange Contracts      -0-        1,421,072       -0-        1,421,072  
Liabilities           
Forward Currency Exchange Contracts      -0-        (976,847 )      -0-        (976,847 ) 
  

 

 

     

 

 

    

 

 

     

 

 

  
Total    $  63,532,366      $  434,435,891     $ -0-      $  497,968,257  
  

 

 

     

 

 

    

 

 

     

 

 

  

 

†

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.

 

 

8

A summary of the Fund’s transactions in AB mutual funds for the three months ended September 30, 2020 is as follows:

 

Fund   

Market Value

6/30/20

(000)

     

Purchases

at Cost

(000)

     

Sales

Proceeds

(000)

     

Market Value

9/30/20

(000)

     

Dividend

Income

(000)

  
Government Money Market Portfolio    $  22,863      $  27,995      $  29,590      $  21,268      $  6  

 

 

9