AB Sustainable International Thematic Fund

Portfolio of Investments

March 31, 2024 (unaudited)

Company	Shares			U.S. $ Value
COMMON STOCKS – 95.4%
Information Technology – 27.7%
Electronic Equipment, Instruments & Components – 7.6%
Halma PLC			1,128,286	$	33,691,047
Keyence Corp.			31,100		14,438,515
Shimadzu Corp.			859,000		23,926,699
					72,056,261
IT Services – 3.3%
Accenture PLC - Class A			89,566		31,044,471
Semiconductors & Semiconductor Equipment – 14.5%
ASML Holding NV			35,859		34,763,932
Infineon Technologies AG			570,181		19,389,313
MediaTek, Inc.			520,000		18,841,839
NXP Semiconductors NV			120,463		29,847,118
Taiwan Semiconductor Manufacturing Co., Ltd.			1,491,000		35,718,715
					138,560,917
Software – 2.3%
Descartes Systems Group, Inc. (The)(a)			241,776		22,129,757
					263,791,406
Financials – 19.2%
Banks – 4.5%
Bank Mandiri Persero Tbk PT			61,024,500		27,765,723
HDFC Bank Ltd.			895,758		15,610,180
					43,375,903
Capital Markets – 8.3%
Deutsche Boerse AG			124,488		25,493,890
London Stock Exchange Group PLC			228,252		27,311,287
Partners Group Holding AG			18,161		25,942,730
					78,747,907
Insurance – 6.4%
Aflac, Inc.			287,509		24,685,523
AIA Group Ltd. - Class H			1,817,600		12,226,220
Beazley PLC			2,841,179		23,891,215
					60,802,958
					182,926,768
Health Care – 17.7%
Health Care Equipment & Supplies – 5.8%
Alcon, Inc.(a)			232,061		19,194,108
ConvaTec Group PLC(b)			3,421,310		12,359,669
STERIS PLC			107,383		24,141,846
					55,695,623
Health Care Providers & Services – 2.5%
Apollo Hospitals Enterprise Ltd.			317,301		24,188,447
Life Sciences Tools & Services – 7.0%
Danaher Corp.			67,532		16,864,091
ICON PLC(a)			90,473		30,394,405
Tecan Group AG (REG)			46,342		19,200,864
					66,459,360
Pharmaceuticals – 2.4%
Roche Holding AG			88,015		22,471,906
					168,815,336
Industrials – 14.3%
Commercial Services & Supplies – 3.2%
Veralto Corp.			345,574		30,638,591
Construction & Engineering – 2.4%
WSP Global, Inc.			133,123		22,187,330

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Company	Shares				U.S. $ Value
Machinery – 3.4%
ATS Corp.(a)			192,286		$	6,483,884
SMC Corp.			24,000			13,539,846
TOMRA Systems ASA			804,934			12,599,580
						32,623,310
Professional Services – 5.3%
Experian PLC			582,539			25,382,942
RELX PLC			587,175			25,322,182
						50,705,124
						136,154,355
Consumer Staples – 11.5%
Food Products – 5.8%
Danone SA			486,915			31,476,545
Kerry Group PLC - Class A			154,734			13,258,552
Nestle SA (REG)			97,502			10,359,583
						55,094,680
Personal Care Products – 5.7%
Dabur India Ltd.			1,044,419			6,549,356
Haleon PLC			4,956,341			20,770,933
Unilever PLC			544,517			27,335,755
						54,656,044
						109,750,724
Consumer Discretionary – 3.7%
Automobile Components – 3.7%
Autoliv, Inc.			295,080			35,536,484
Energy – 1.3%
Oil, Gas & Consumable Fuels – 1.3%
Neste Oyj			448,293			12,155,566
Total Common Stocks (cost $771,014,740)						909,130,639
SHORT-TERM INVESTMENTS – 4.2%
Investment Companies – 4.1%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.21%(c) (d) (e) (cost $39,141,877)			39,141,877			39,141,877
	Principal Amount (000)
Time Deposits – 0.1%
BBH, New York 0.52%, 04/02/2024		CHF	84			93,347
2.52%, 04/02/2024		DKK	548			79,210
3.28%, 04/02/2024		NOK	943			86,831
3.79%, 04/01/2024		CAD	122			89,966
6.27%, 04/02/2024		ZAR	0	*		3
Citibank, London 2.85%, 04/02/2024		EUR	87			93,991
HSBC, Hong Kong 2.36%, 04/02/2024		HKD	741			94,644
Royal Bank of Canada, London 4.15%, 04/02/2024		GBP	200			252,941
SEB, Stockholm 2.79%, 04/02/2024		SEK	825			77,064
SMBC, Tokyo (0.25)%, 04/01/2024		JPY	14,212			93,883
Total Time Deposits (cost $961,880)						961,880
Total Short-Term Investments (cost $40,103,757)						40,103,757

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				U.S. $ Value
Total Investments – 99.6% (cost $811,118,497)(f)				$	949,234,396	(g)
Other assets less liabilities – 0.4%					3,911,051
Net Assets –100.0%				$	953,145,447

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Bank of America NA		GBP	2,036		USD	2,569		04/19/2024		$	(656	)
Bank of America NA		IDR	108,529,000		USD	6,921		04/25/2024			87,693
Bank of America NA		NOK	22,356		USD	2,136		04/30/2024			75,581
Bank of America NA		TWD	603,307		USD	19,257		05/24/2024			371,314
Bank of America NA		USD	1,923		TWD	60,241		05/24/2024			(37,076	)
Bank of America NA		USD	2,285		INR	189,524		06/14/2024			(17,136	)
Barclays Bank PLC		BRL	62,213		USD	12,452		04/02/2024			47,669
Barclays Bank PLC		USD	12,452		BRL	62,213		04/02/2024			(47,918	)
Barclays Bank PLC		USD	2,078		AUD	3,195		04/18/2024			5,354
Barclays Bank PLC		USD	4,310		AUD	6,509		04/18/2024			(66,173	)
Barclays Bank PLC		USD	3,528		KRW	4,699,403		04/18/2024			(43,017	)
Brown Brothers Harriman & Co.		GBP	12,363		USD	15,664		04/19/2024			58,544
Brown Brothers Harriman & Co.		NOK	23,532		USD	2,203		04/30/2024			33,587
Brown Brothers Harriman & Co.		JPY	845,714		USD	5,754		05/16/2024			128,477
Brown Brothers Harriman & Co.		USD	2,640		ILS	9,508		05/16/2024			(49,133	)
Brown Brothers Harriman & Co.		CAD	2,185		USD	1,619		06/13/2024			4,266
Citibank NA		USD	37,466		AUD	56,795		04/18/2024			(438,359	)
Citibank NA		USD	26,269		KRW	34,338,188		04/18/2024			(806,116	)
Citibank NA		IDR	197,458,000		USD	12,670		04/25/2024			238,486
Citibank NA		JPY	1,510,897		USD	10,320		05/16/2024			269,582
Citibank NA		USD	2,373		JPY	357,107		05/16/2024			2,315
Citibank NA		USD	19,776		CAD	26,607		06/13/2024			(112,866	)
Deutsche Bank AG		BRL	62,213		USD	12,488		04/02/2024			83,161
Deutsche Bank AG		USD	12,452		BRL	62,213		04/02/2024			(47,669	)
Deutsche Bank AG		USD	16,846		SEK	177,253		04/30/2024			(267,973)
Deutsche Bank AG		USD	12,448		BRL	62,213		05/03/2024			(82,257	)
Deutsche Bank AG		JPY	424,996		USD	2,876		05/16/2024			49,199
Deutsche Bank AG		CNH	27,731		USD	3,882		05/23/2024			55,410
Deutsche Bank AG		USD	2,665		CNH	19,142		05/23/2024			(23,573	)
Deutsche Bank AG		TWD	217,609		USD	6,927		05/24/2024			115,138
Deutsche Bank AG		USD	98,978		EUR	90,356		06/12/2024			(1,214,691	)
Goldman Sachs Bank USA		INR	378,856		USD	4,570		06/14/2024			37,132
HSBC Bank USA		USD	1,920		JPY	288,229		05/16/2024			(2,571	)
JPMorgan Chase Bank NA		GBP	8,109		USD	10,278		04/19/2024			42,534
JPMorgan Chase Bank NA		USD	5,065		MXN	85,770		05/23/2024			51,677
Morgan Stanley Capital Services LLC		USD	2,426		KRW	3,228,107		04/18/2024			(32,458	)
Morgan Stanley Capital Services LLC		GBP	61,985		USD	78,669		04/19/2024			427,460
Morgan Stanley Capital Services LLC		JPY	605,850		USD	4,166		05/16/2024			135,705
Morgan Stanley Capital Services LLC		USD	111,648		JPY	16,489,738		05/16/2024			(1,962,726	)
Morgan Stanley Capital Services LLC		USD	16,689		TWD	519,346		05/24/2024			(432,036	)
NatWest Markets PLC		USD	5,883		ZAR	112,776		04/19/2024			63,446
Standard Chartered Bank		USD	2,065		CHF	1,803		05/08/2024			(57,564	)
Standard Chartered Bank		USD	1,806		INR	151,428		06/14/2024			5,684
State Street Bank & Trust Co.		CHF	2,035		USD	2,331		05/08/2024			65,044
UBS AG		GBP	1,998		USD	2,537		04/19/2024			14,777
UBS AG		GBP	1,581		USD	1,995		04/19/2024			(209	)
UBS AG		IDR	31,511,694		USD	1,987		04/25/2024			2,545
UBS AG		NOK	42,657		USD	4,036		04/30/2024			104,362
UBS AG		CHF	37,087		USD	42,187		05/08/2024			898,273
UBS AG		USD	2,628		CHF	2,291		05/08/2024			(77,130	)
UBS AG		USD	5,641		SGD	7,499		05/17/2024			(75,551	)
UBS AG		USD	66,769		CNH	478,990		05/23/2024			(673,188	)
										$	(3,093,631	)

* Principal amount less than 500.

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(a) Non-income producing security.

(b) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. This security is considered restricted, but liquid and may be resold in transactions exempt from registration. At March 31, 2024, the aggregate market value of this security amounted to $12,359,669 or 1.30% of net assets.

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

(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) Affiliated investments.

(f) As of March 31, 2024, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $166,479,186 and gross unrealized depreciation of investments was $(31,456,918), resulting in net unrealized appreciation of $135,022,268.

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

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

Currency Abbreviations:

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CHF – Swiss Franc

CNH – Chinese Yuan Renminbi (Offshore)

DKK – Danish Krone

EUR – Euro

GBP – Great British Pound

HKD – Hong Kong Dollar

IDR – Indonesian Rupiah

ILS – Israeli Shekel

INR – Indian Rupee

JPY – Japanese Yen

KRW – South Korean Won

MXN – Mexican Peso

NOK – Norwegian Krone

SEK – Swedish Krona

SGD – Singapore Dollar

TWD – New Taiwan Dollar

USD – United States Dollar

ZAR – South African Rand

Glossary:

REG – Registered Shares

COUNTRY BREAKDOWN¹

March 31, 2024 (unaudited)

24.6	%	United States
15.8	%	United Kingdom
10.2	%	Switzerland
5.7	%	Taiwan
5.5	%	Japan
5.4	%	Canada
4.9	%	India
4.7	%	Germany
3.7	%	Sweden
3.7	%	Netherlands
3.3	%	France
2.9	%	Indonesia
1.4	%	Ireland
4.0	%	Other
4.2	%	Short Term Investments
100.0	%	Total Investments

¹  The Fund’s country breakdown is expressed as a percentage of total investments 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 1.4% or less in the following: Finland, Hong Kong and Norway.

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AB Sustainable International Thematic Fund

March 31, 2024 (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 are 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.

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 March 31, 2024:

Investments in Securities	Level 1		Level 2			Level 3		Total
Assets:
Common Stocks:
Information Technology	$	83,021,346	$	180,770,060		$	-0-	$	263,791,406
Financials		24,685,523		158,241,245			-0-		182,926,768
Health Care		71,400,342		97,414,994			-0-		168,815,336
Industrials		59,309,805		76,844,550			-0-		136,154,355
Consumer Staples		-0-		109,750,724			-0-		109,750,724
Consumer Discretionary		35,536,484		-0-			-0-		35,536,484
Energy		-0-		12,155,566			-0-		12,155,566
Short-Term Investments:
Investment Companies		39,141,877		-0-			-0-		39,141,877
Time Deposits		961,880		-0-			-0-		961,880
Total Investments in Securities		314,057,257		635,177,139	+		-0-		949,234,396
Other Financial Instruments*:
Assets
Forward Currency Exchange Contracts		-0-		3,474,415			-0-		3,474,415
Liabilities
Forward Currency Exchange Contracts		-0-		(6,568,046	)		-0-		(6,568,046	)
Total	$	314,057,257	$	632,083,508		$	-0-	$	946,140,765

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+ 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, written options and written swaptions which are valued at market value.

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

Fund	Market Value 6/30/23 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 3/31/24 (000)		Dividend Income (000)
Government Money Market Portfolio	$	52,965	$	249,774	$	263,597	$	39,142	$	1,044
Government Money Market Portfolio*		-0-		24,576		24,576		-0-		5
Total							$	39,142	$	1,049

* Investment of cash collateral for securities lending transactions.

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