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AB Bond Fund, Inc.

AB Municipal Bond Inflation Strategy

Portfolio of Investments

July 31, 2022 (unaudited)


	Principal Amount (000)		U.S. $ Value

MUNICIPAL OBLIGATIONS – 93.5%
Long-Term Municipal Bonds – 86.7%
Alabama – 0.7%
Alabama Special Care Facilities Financing Authority-Birmingham AL (Children’s Hospital of Alabama Obligated Group (The)) Series 2015 5.00%, 06/01/2028	$	3,905	$	4,205,996
Black Belt Energy Gas District (Goldman Sachs Group, Inc. (The)) Series 2021 4.00%, 10/01/2052		5,000		5,103,880
Infirmary Health System Special Care Facilities Financing Authority of Mobile (Infirmary Health System Obligated Group) Series 2016 5.00%, 02/01/2025		2,110		2,236,477
Series 2021 4.00%, 02/01/2039		1,675		1,673,788
Sumter County Industrial Development Authority/AL (Enviva, Inc.) Series 2022 6.00%, 07/15/2052		3,770		3,843,366

				17,063,507


American Samoa – 0.1%
American Samoa Economic Development Authority (Territory of American Samoa) Series 2015-A 6.625%, 09/01/2035		1,335		1,453,846
Series 2018 6.50%, 09/01/2028^(a)		295		334,034
7.125%, 09/01/2038^(a)		280		330,414

				2,118,294


Arizona – 1.4%
Arizona Industrial Development Authority Series 2021-B 4.00%, 07/01/2041		500		460,921
Arizona Industrial Development Authority (Equitable School Revolving Fund LLC Obligated Group) Series 2020 4.00%, 11/01/2030		935		966,291
5.00%, 11/01/2031		800		876,050
5.00%, 11/01/2032		650		715,881
5.00%, 11/01/2033		900		986,563
Arizona Industrial Development Authority (Legacy Cares, Inc.) Series 2020 6.50%, 07/01/2026^(a)		1,000		1,035,434
6.75%, 07/01/2030^(a)		1,000		1,046,636


	Principal Amount (000)		U.S. $ Value

Arizona Industrial Development Authority (Phoenix Children’s Hospital Obligated Group) Series 2021 4.00%, 02/01/2039	$	1,800	$	1,836,250
5.00%, 02/01/2026		1,200		1,313,447
5.00%, 02/01/2028		1,000		1,133,421
5.00%, 02/01/2030		1,300		1,505,086
5.00%, 02/01/2031		1,250		1,458,926
Arizona State University (Arizona State University COP)
Series 2013-A 5.00%, 09/01/2022		3,220		3,229,277
City of Glendale AZ (City of Glendale AZ COP) Series 2021 2.542%, 07/01/2033		4,000		3,392,850
City of Phoenix Civic Improvement Corp. (Phoenix Sky Harbor International Airport) Series 2017-A 5.00%, 07/01/2029		3,945		4,362,983
City of Tempe AZ (City of Tempe AZ COP) Series 2021 1.951%, 07/01/2031		2,400		2,081,201
Salt River Project Agricultural Improvement & Power District Series 2021-A 5.00%, 01/01/2029		2,750		3,240,848
State of Arizona Lottery Revenue Series 2019 5.00%, 07/01/2028 (Pre-refunded/ETM)		5,000		5,820,795

				35,462,860


Arkansas – 0.0%
City of Fayetteville AR (City of Fayetteville AR Sales & Use Tax Revenue) Series 2022 2.875%, 11/01/2032		1,000		1,008,171


California – 10.2%
California Community Housing Agency (California Community Housing Agency Brio Apartments & Next on Lex Apartments) Series 2021-A 4.00%, 08/01/2047^(a)		3,315		2,636,187
California Community Housing Agency (California Community Housing Agency Fountains at Emerald Park) Series 2021 4.00%, 08/01/2046^(a)		1,000		821,085
California Housing Finance Agency Series 2021-1, Class A 3.50%, 11/20/2035		981		948,727
Series 2021-2 0.823%, 03/25/2035		2,500		149,756
Series 2021-3, Class A 3.25%, 08/20/2036		1,980		1,870,658
California Infrastructure & Economic Development Bank Series 2022 0.85%, 01/01/2050 (Pre-refunded/ETM)^(a)		25,000		24,751,590


	Principal Amount (000)		U.S. $ Value

California Pollution Control Financing Authority (Rialto Bioenergy Facility LLC) Series 2019 7.50%, 12/01/2040^(a)	$	250	$	176,254
California State Public Works Board (California State Public Works Board Lease) Series 2021-A 5.00%, 02/01/2023		10,000		10,175,883
California State Public Works Board (State of California Department of Corrections & Rehabilitation Lease) Series 2018 5.00%, 05/01/2029		2,995		3,468,333
California State University Series 2021-B 2.374%, 11/01/2035		1,000		819,542
City of Los Angeles Department of Airports Series 2019 5.00%, 05/15/2027		1,410		1,571,553
5.00%, 05/15/2039		1,000		1,093,901
Series 2021-A 5.00%, 05/15/2037		4,000		4,466,624
CMFA Special Finance Agency VII (CMFA Special Finance Agency VII The Breakwater Apartments) Series 2021 4.00%, 08/01/2047^(a)		1,000		792,939
CMFA Special Finance Agency VIII Elan Huntington Beach Series 2021 4.00%, 08/01/2047^(a)		1,500		1,215,527
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority 777 Place-Pomona) Series 2021 3.60%, 05/01/2047^(a)		6,500		5,477,080
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Acacia on Santa Rosa Creek) Series 2021 4.00%, 10/01/2046^(a)		2,000		1,576,658
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Altana Apartments) Series 2021 3.50%, 10/01/2046^(a)		2,000		1,622,998
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Jefferson Platinum Triangle Apartments) Series 2021-A2 3.125%, 08/01/2056^(a)		1,500		1,135,588


	Principal Amount (000)		U.S. $ Value

CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Millennium South Bay-Hawthorne) Series 2021 3.375%, 07/01/2043^(a)	$	3,500	$	2,986,921
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Theo Apartments) Series 2021 3.50%, 05/01/2047^(a)		2,300		1,983,422
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Union South Bay) Series 2021-A 3.10%, 07/01/2045^(a)		1,000		790,110
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Vineyard Gardens Apartments) Series 2021 4.00%, 10/01/2048^(a)		2,000		1,533,752
Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue Series 2021-A 4.00%, 06/01/2038		5,880		6,215,131
Los Angeles Department of Water & Power System Revenue Series 2021-B 5.00%, 07/01/2041		10,000		11,522,050
Orange County Transportation Authority Series 2021 5.00%, 10/15/2024		3,505		3,762,631
Sacramento County Water Financing Authority (Sacramento County Water Agency) NATL Series 2007-B 1.629% (LIBOR 3 Month + 0.57%), 06/01/2039^(b)		5,000		4,456,735
San Diego County Regional Airport Authority Series 2021-B 4.00%, 07/01/2035		3,100		3,126,688
4.00%, 07/01/2036		8,395		8,466,161
4.00%, 07/01/2039		7,075		7,087,426
4.00%, 07/01/2040		8,655		8,620,507
4.00%, 07/01/2041		3,325		3,314,339
5.00%, 07/01/2030		2,785		3,172,418
5.00%, 07/01/2031		1,645		1,885,185
5.00%, 07/01/2033		4,955		5,584,973
San Francisco Intl Airport Series 2021-A 5.00%, 05/01/2031		3,275		3,778,752
5.00%, 05/01/2032		4,000		4,602,886
5.00%, 05/01/2036		5,960		6,670,744
San Joaquin Hills Transportation Corridor Agency Series 2021 5.00%, 01/15/2033		5,000		5,588,485
State of California Series 2014 5.00%, 08/01/2022		1,290		1,290,000
5.00%, 05/01/2025		2,960		3,132,706
Series 2017 5.00%, 11/01/2022		7,635		7,702,458


	Principal Amount (000)		U.S. $ Value

Series 2020 5.00%, 11/01/2030	$	10,870	$	13,228,655
5.00%, 03/01/2035		10,335		12,076,244
Series 2021 4.00%, 10/01/2023		10,000		10,286,714
4.00%, 12/01/2024		2,655		2,795,696
4.00%, 10/01/2034		2,690		2,917,374
4.00%, 10/01/2035		10,000		10,790,543
5.00%, 09/01/2023		6,000		6,224,600
5.00%, 10/01/2024		3,590		3,848,245
5.00%, 12/01/2035		6,980		8,245,625
Series 2022 4.00%, 04/01/2042		8,640		9,138,848
University of California Series 2022-S 5.00%, 05/15/2024		6,000		6,360,485
5.00%, 05/15/2025		4,000		4,360,958
5.00%, 05/15/2036		2,000		2,396,580

				264,715,930


Colorado – 2.9%
Arapahoe County School District No. 5 Cherry Creek (Arapahoe County School District No. 5 Cherry Creek COP) Series 2022 4.00%, 12/15/2038		2,655		2,783,241
Centerra Metropolitan District No. 1 Series 2017 5.00%, 12/01/2029^(a)		1,510		1,539,808
City & County of Denver CO. Airport System Revenue (Denver Intl Airport) Series 2012-A 5.00%, 11/15/2024		10,395		10,492,048
5.00%, 11/15/2025		3,000		3,027,381
Series 2018-A 5.00%, 12/01/2026		1,700		1,875,905
5.00%, 12/01/2028		10,000		11,291,732
5.00%, 12/01/2029		6,555		7,361,725
Colorado Health Facilities Authority (AdventHealth Obligated Group) Series 2021 5.00%, 11/15/2041		2,600		2,930,044
Colorado Health Facilities Authority (CommonSpirit Health) Series 2019-A 5.00%, 08/01/2032		640		700,321
5.00%, 08/01/2033		2,250		2,451,328
Colorado Health Facilities Authority (Sanford Obligated Group) Series 2019-A 5.00%, 11/01/2033		1,525		1,709,739
Colorado Health Facilities Authority (Sisters of Charity of Leavenworth Health System, Inc. Obligated Group) Series 2019-B 4.00%, 01/01/2040		1,445		1,473,671


	Principal Amount (000)		U.S. $ Value

Denver City & County School District No. 1 Series 2014-B 5.00%, 12/01/2023	$	4,730	$	4,945,543
Series 2021 5.00%, 12/01/2039		6,785		7,834,665
Denver Urban Renewal Authority (Stapleton Development Corp.) Series 2013-A 5.00%, 12/01/2022		1,640		1,657,913
E-470 Public Highway Authority Series 2021-B 1.878% (SOFR + 0.35%), 09/01/2039^(b)		2,000		1,983,732
Johnstown Plaza Metropolitan District Series 2022 4.25%, 12/01/2046		2,000		1,779,876
State of Colorado Series 2022 6.00%, 12/15/2041		6,000		7,584,990
Sterling Ranch Community Authority Board (Sterling Ranch Colorado Metropolitan District No. 2) Series 2020-A 3.75%, 12/01/2040		1,050		896,663
Vauxmont Metropolitan District AGM Series 2019 5.00%, 12/15/2024		260		277,915

				74,598,240


Connecticut – 2.6%
City of New Haven CT Series 2018-A 5.50%, 08/01/2035		1,920		2,166,220
Connecticut State Health & Educational Facilities Authority (Stamford Hospital Obligated Group (The)) Series 2022 4.00%, 07/01/2035		1,500		1,506,742
4.00%, 07/01/2036		1,500		1,502,859
4.00%, 07/01/2037		1,000		997,863
4.00%, 07/01/2040		1,500		1,475,213
Connecticut State Health & Educational Facilities Authority (Yale University) Series 2020 1.10%, 07/01/2048		10,105		10,050,972
Series 2022 1.10%, 07/01/2049		8,000		7,759,834
State of Connecticut Series 2013-A 5.00%, 10/15/2024		5,035		5,238,232
Series 2014-A 5.00%, 03/01/2028		2,230		2,339,320
Series 2014-F 5.00%, 11/15/2026		1,275		1,365,552
Series 2015-B 5.00%, 06/15/2025		4,330		4,718,623
5.00%, 06/15/2028		2,840		3,077,817
Series 2016-A 5.00%, 03/15/2032		2,160		2,344,345
Series 2018-B 5.00%, 04/15/2028		1,440		1,662,700


	Principal Amount (000)		U.S. $ Value

State of Connecticut Clean Water Fund - State Revolving Fund Series 2013-A 5.00%, 03/01/2024	$	4,360	$	4,448,911
State of Connecticut Special Tax Revenue Series 2020 5.00%, 05/01/2035		1,960		2,246,857
5.00%, 05/01/2038		3,040		3,436,785
5.00%, 05/01/2040		1,000		1,128,359
Series 2021-D 4.00%, 11/01/2037		2,250		2,322,642
4.00%, 11/01/2038		4,185		4,311,678
University of Connecticut Series 2020-A 5.00%, 02/15/2038		1,795		2,031,405

				66,132,929


District of Columbia – 1.3%
District of Columbia Series 2021-D 5.00%, 02/01/2041		1,180		1,362,158
District of Columbia (Plenary Infrastructure DC LLC State Lease) Series 2022 5.00%, 08/31/2029		4,765		5,263,674
5.00%, 08/31/2030		5,025		5,560,770
5.00%, 02/29/2032		5,475		6,046,733
Metropolitan Washington Airports Authority Aviation Revenue Series 2018-A 5.00%, 10/01/2025		5,500		5,968,558
5.00%, 10/01/2026		3,065		3,384,381
Series 2021-A 4.00%, 10/01/2038		2,500		2,524,422
5.00%, 10/01/2036		1,695		1,910,398
Washington Metropolitan Area Transit Authority Dedicated Revenue Series 2021-A 4.00%, 07/15/2039		2,450		2,517,911

				34,539,005


Florida – 5.0%
Align Affordable Housing Bond Fund LP (SHI - Lake Worth LLC) Series 2021 3.25%, 12/01/2051^(a)		2,500		1,833,694
Capital Trust Agency, Inc. (Franklin Academy Series 2020 Obligated Group) Series 2020 4.00%, 12/15/2025^(a)		300		301,398
Central Florida Expressway Authority Series 2019-B 5.00%, 07/01/2032		6,000		6,846,273
5.00%, 07/01/2034		7,255		8,132,660
AGM Series 2021-D 5.00%, 07/01/2035		8,685		10,149,664


	Principal Amount (000)		U.S. $ Value

City of Jacksonville FL Series 2012-A 5.00%, 10/01/2023 (Pre-refunded/ETM)	$	6,140	$	6,176,540
5.00%, 10/01/2026 (Pre-refunded/ETM)		4,050		4,074,102
City of Palmetto FL (Renaissance Arts and Education, Inc.) Series 2022 5.125%, 06/01/2042		2,400		2,454,909
City of South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group) Series 2017 5.00%, 08/15/2025		4,500		4,866,812
County of Broward FL Airport System Revenue Series 2019-A 4.00%, 10/01/2044		16,215		15,959,828
Series 2019-C 2.384%, 10/01/2026		2,600		2,491,880
County of Miami-Dade FL Series 2012-A 5.00%, 10/01/2023 (Pre-refunded/ETM)		1,500		1,508,927
County of Miami-Dade FL (County of Miami-Dade FL Non-Ad Valorem) Series 2015-A 5.00%, 06/01/2023		6,100		6,276,016
5.00%, 06/01/2024		5,000		5,278,395
5.00%, 06/01/2026		2,885		3,122,893
5.00%, 06/01/2027		4,515		4,880,665
County of Osceola FL Transportation Revenue Series 2020-A
Zero Coupon, 10/01/2030		115		82,210
Zero Coupon, 10/01/2031		140		95,406
Zero Coupon, 10/01/2032		100		64,951
Zero Coupon, 10/01/2033		115		71,020
Zero Coupon, 10/01/2034		125		73,620
Florida Development Finance Corp. Series 2022-A 4.00%, 06/15/2042		2,000		1,904,769
5.00%, 06/15/2042		2,550		2,654,778
Florida Development Finance Corp. (Brightline Trains Florida LLC) Series 2022 2.90%, 12/01/2056		10,000		9,994,371
Florida Municipal Power Agency (Florida Municipal Power Agency All-Requirements Power Supply Project Revenue) Series 2015-B 5.00%, 10/01/2023		1,500		1,558,646
Series 2021 1.425%, 10/01/2026		500		460,034
Florida State Board of Education (State of Florida) Series 2022-A 5.00%, 06/01/2030		6,000		7,200,453
Greater Orlando Aviation Authority Series 2017-A 5.00%, 10/01/2029 (Pre-refunded/ETM)		4,420		5,038,466
5.00%, 10/01/2033		4,000		4,351,135


	Principal Amount (000)		U.S. $ Value

Mid-Bay Bridge Authority Series 2015-A 5.00%, 10/01/2028	$	1,000	$	1,057,221
Orange County Health Facilities Authority (Presbyterian Retirement Communities, Inc. Obligated Group) Series 2023 4.00%, 08/01/2036^(c)		1,000		963,149
Palm Beach County Health Facilities Authority (Federation CCRC Operations Corp. Obligated Group) Series 2020 2.625%, 06/01/2025		375		360,445
Polk County Industrial Development Authority (Mineral Development LLC) Series 2020 5.875%, 01/01/2033^(a)		1,000		1,059,477
Village Community Development District No. 13 Series 2019 3.55%, 05/01/2039		4,215		3,795,099
Village Community Development District No. 14 Series 2022 5.50%, 05/01/2053		5,000		5,168,264

				130,308,170


Georgia – 3.8%
Augusta Development Authority (AU Health System Obligated Group) Series 2018 5.00%, 07/01/2034		4,490		4,319,775
5.00%, 07/01/2035		5,065		4,844,333
City of Atlanta GA Department of Aviation Series 2022-B 5.00%, 07/01/2038		3,440		3,871,517
5.00%, 07/01/2042		6,830		7,578,784
Cobb County Kennestone Hospital Authority (WellStar Health System Obligated Group) Series 2021 5.00%, 04/01/2025		1,650		1,765,252
Georgia State Road & Tollway Authority (State of Georgia Fed Hwy Grant) Series 2020 5.00%, 06/01/2029		8,810		10,380,887
Main Street Natural Gas, Inc. (Citadel LP) Series 2022-C 4.00%, 08/01/2052^(a)		4,000		3,966,537
Main Street Natural Gas, Inc. (Citigroup, Inc.) Series 2021-C 4.00%, 05/01/2052		2,075		2,117,039
Main Street Natural Gas, Inc. (Royal Bank of Canada) Series 2018-A 4.00%, 04/01/2048		9,370		9,552,370
Series 2018-C 4.00%, 08/01/2048		6,850		7,007,607
Series 2021-A 4.00%, 07/01/2052		37,825		39,236,183
Richmond County Board of Education Series 2021 5.00%, 10/01/2023		3,400		3,537,759

				98,178,043


	Principal Amount (000)		U.S. $ Value

Guam – 0.2%
Territory of Guam Series 2019 5.00%, 11/15/2031	$	145	$	154,365
Territory of Guam (Territory of Guam Business Privilege Tax) Series 2015-D 5.00%, 11/15/2023		1,035		1,072,049
5.00%, 11/15/2025		865		932,932
5.00%, 11/15/2031		2,070		2,196,118
Series 2021-F 5.00%, 01/01/2028		500		541,751

				4,897,215


Hawaii – 0.4%
City & County of Honolulu HI Series 2021 5.00%, 03/01/2029		3,595		4,226,854
Series 2022-A 5.00%, 11/01/2026^(c)		1,500		1,694,401
State of Hawaii Airports System Revenue Series 2020-A 5.00%, 07/01/2033		4,010		4,484,610

				10,405,865


Illinois – 3.6%
Chicago Board of Education Series 2018-A 5.00%, 12/01/2027		1,200		1,291,670
Series 2019-B 5.00%, 12/01/2030		135		146,040
5.00%, 12/01/2031		265		285,870
5.00%, 12/01/2033		100		107,317
Series 2022-B 4.00%, 12/01/2040		5,800		5,606,832
Chicago Housing Authority Series 2018-A 5.00%, 01/01/2034		2,500		2,743,095
5.00%, 01/01/2037		5,260		5,732,831
5.00%, 01/01/2038		1,000		1,087,668
Chicago O’Hare International Airport Series 2015-B 5.00%, 01/01/2029		5,000		5,316,495
Series 2016-C 5.00%, 01/01/2033		5,000		5,362,069
Series 2017-B 5.00%, 01/01/2035		1,475		1,603,966
Series 2018-A 5.00%, 01/01/2037		1,000		1,078,985
Chicago O’Hare International Airport (Chicago O’Hare International Airport Customer Facility Charge) Series 2013 5.25%, 01/01/2023		2,500		2,535,546
5.50%, 01/01/2025		2,250		2,281,840


	Principal Amount (000)		U.S. $ Value

County of Cook IL Series 2012-C 5.00%, 11/15/2024	$	2,560	$	2,581,657
Illinois Finance Authority (Ascension Health Credit Group) Series 2016-C 5.00%, 02/15/2024		1,630		1,709,872
Illinois Finance Authority (Illinois Institute of Technology) Series 2019 5.00%, 09/01/2022		100		100,230
5.00%, 09/01/2023		100		102,816
5.00%, 09/01/2026		100		106,780
5.00%, 09/01/2027		100		107,738
5.00%, 09/01/2029		100		108,495
5.00%, 09/01/2033		200		210,839
5.00%, 09/01/2034		100		104,706
Illinois Finance Authority (University of Chicago (The)) Series 2021-A 5.00%, 10/01/2033		1,750		2,136,768
5.00%, 10/01/2035		1,400		1,695,346
5.00%, 10/01/2036		2,500		3,020,106
5.00%, 10/01/2037		1,350		1,625,810
Illinois Finance Authority (Washington and Jane Smith Community - Orland Park) Series 2022 4.00%, 10/15/2040		9,375		8,470,901
Illinois State Toll Highway Authority Series 2020-A 5.00%, 01/01/2040		1,080		1,219,721
Series 2021-A 5.00%, 01/01/2043		6,700		7,581,394
State of Illinois Series 2013 5.00%, 07/01/2023		1,670		1,716,704
Series 2014 5.00%, 05/01/2030		4,180		4,313,941
Series 2017-B 5.00%, 12/01/2024		5,050		5,358,433
Series 2017-D 5.00%, 11/01/2024		7,950		8,423,443
Series 2018-A 5.00%, 10/01/2023		2,785		2,882,068
Series 2018-B 5.00%, 10/01/2023		1,730		1,790,297
Series 2022-A 5.50%, 03/01/2042		2,945		3,336,214

				93,884,503


Indiana – 1.5%
Indiana Finance Authority (Brightmark Plastics Renewal Indiana LLC) Series 2019 7.00%, 03/01/2039^(a)		2,380		1,945,639


	Principal Amount (000)		U.S. $ Value

Indiana Finance Authority (CWA Authority, Inc.) Series 2021 5.00%, 10/01/2033	$	2,000	$	2,395,556
Indiana Finance Authority (Duke Energy Indiana LLC) Series 2022 3.75%, 03/01/2031		5,750		5,933,323
4.50%, 05/01/2035		7,555		7,772,846
Indiana Finance Authority (Fulcrum Centerpoint LLC) Series 2021 0.28%, 12/15/2045		5,000		4,965,414
Indiana Finance Authority (Good Samaritan Hospital Obligated Group) Series 2022 4.00%, 04/01/2035		1,210		1,158,164
Indiana Finance Authority (Greencroft Goshen Obligated Group) Series 2023-2 4.00%, 11/15/2037^(c)		1,000		869,264
Indiana Finance Authority (Indiana University Health, Inc. Obligated Group) Series 2021 0.70%, 12/01/2046		8,150		7,785,719
Indiana Finance Authority (Ohio Valley Electric Corp.) Series 2021-B 2.50%, 11/01/2030		495		450,840
Series 2022-A 4.25%, 11/01/2030		1,535		1,575,973
Indiana Finance Authority (University of Evansville) Series 2022 5.25%, 09/01/2037		5,000		5,190,532

				40,043,270


Iowa – 1.2%
Iowa Finance Authority Series 2022-E 1.871% (SOFR + 0.80%), 01/01/2052^(b)		8,000		7,821,128
Iowa Finance Authority (Iowa Fertilizer Co. LLC) Series 2022 4.00%, 12/01/2050		5,000		5,162,346
Iowa Finance Authority (Iowa Finance Authority State Revolving Fund) Series 2021-A 5.00%, 08/01/2039		5,200		6,070,078
Iowa Higher Education Loan Authority (Simpson College) Series 2020 5.25%, 11/01/2040		2,275		2,297,554
Iowa Tobacco Settlement Authority Series 2021-A 4.00%, 06/01/2034		500		509,671
4.00%, 06/01/2035		515		523,552
4.00%, 06/01/2037		1,000		1,010,263


	Principal Amount (000)		U.S. $ Value

4.00%, 06/01/2038	$	1,000	$	1,007,253
4.00%, 06/01/2040		500		501,202
5.00%, 06/01/2031		900		1,009,527
Series 2021-B 4.00%, 06/01/2049		1,890		1,901,218
PEFA, Inc. (Goldman Sachs Group, Inc. (The)) Series 2019 5.00%, 09/01/2049		2,360		2,492,629

				30,306,421


Kansas – 0.3%
Kansas Development Finance Authority (AdventHealth Obligated Group) Series 2021 5.00%, 11/15/2054		6,000		6,909,701


Kentucky – 3.0%
City of Ashland KY (Ashland Hospital Corp. Obligated Group) Series 2019 5.00%, 02/01/2026		180		193,742
5.00%, 02/01/2027		195		213,411
5.00%, 02/01/2030		125		140,294
5.00%, 02/01/2031		150		164,537
City of Henderson KY (Pratt Paper LLC) Series 2022 3.70%, 01/01/2032^(a)		1,150		1,153,354
Kentucky Municipal Power Agency NATL Series 2015-A 5.00%, 09/01/2022		3,000		3,007,679
5.00%, 09/01/2023		1,875		1,938,001
Kentucky Public Energy Authority (BP PLC) Series 2020-A 4.00%, 12/01/2050		7,260		7,424,645
Kentucky Public Energy Authority (Morgan Stanley) Series 2018-C 9.309% (CPI + 1.05%), 12/01/2049^(b)		20,000		20,637,354
Series 2019-C 4.00%, 02/01/2050		9,015		9,232,732
Series 2022-A 4.00%, 08/01/2052		18,485		18,765,839
Louisville and Jefferson County Metropolitan Sewer District Series 2021 3.00%, 10/14/2022		15,000		15,040,749

				77,912,337


Louisiana – 0.9%
City of New Orleans LA Series 2021-A 5.00%, 12/01/2028		1,820		2,100,794
5.00%, 12/01/2030		1,910		2,266,265
5.00%, 12/01/2035		2,680		3,064,339
5.00%, 12/01/2038		2,070		2,343,435


	Principal Amount (000)		U.S. $ Value

5.00%, 12/01/2039	$	885	$	999,538
5.00%, 12/01/2041		2,890		3,244,239
Jefferson Sales Tax District AGM Series 2017-B 5.00%, 12/01/2034		1,800		2,002,981
Parish of St. James LA (NuStar Logistics LP) Series 2020 5.85%, 08/01/2041^(a)		340		358,144
6.10%, 06/01/2038^(a)		455		512,475
6.10%, 12/01/2040^(a)		390		439,265
State of Louisiana Gasoline & Fuels Tax Revenue Series 2022-A 2.096% (SOFR + 0.50%), 05/01/2043^(b)		4,960		4,779,609

				22,111,084


Maryland – 3.3%
County of Baltimore MD Series 2022 4.00%, 03/01/2038		9,145		9,899,978
4.00%, 03/01/2039		3,410		3,666,729
County of Montgomery MD Series 2019-A 5.00%, 11/01/2026		5,925		6,709,424
Maryland Economic Development Corp. (Purple Line Transit Partners LLC) Series 2022 5.00%, 12/31/2039		4,125		4,506,957
5.00%, 06/30/2040		8,795		9,582,754
5.00%, 12/31/2040		3,525		3,840,729
5.00%, 06/30/2042		3,120		3,380,987
Maryland Health & Higher Educational Facilities Authority (Stevenson University, Inc.) Series 2021 4.00%, 06/01/2039		500		482,370
State of Maryland Series 2017-B 5.00%, 08/01/2024		5,790		6,175,358
Series 2020-B 5.00%, 08/01/2028		9,315		10,920,578
Series 2021-A 5.00%, 03/01/2032		3,265		3,969,168
Series 2022-C 5.00%, 03/01/2026		11,500		12,807,214
Series 2022-D 4.00%, 08/01/2029		4,500		5,031,613
Washington Suburban Sanitary Commission Series 2020 5.00%, 12/01/2022		4,140		4,190,080

				85,163,939


Massachusetts – 2.0%
Commonwealth of Massachusetts Series 2004-B 5.25%, 08/01/2023		2,450		2,540,279


	Principal Amount (000)		U.S. $ Value

Series 2020-B 5.00%, 07/01/2024	$	7,380	$	7,846,627
Series 2022-B 4.00%, 02/01/2039		7,260		7,649,611
4.00%, 02/01/2040		8,000		8,372,747
CIFGNA Series 2007-A 1.432% (LIBOR 3 Month + 0.57%), 05/01/2037^(b)		3,275		3,100,110
Massachusetts Bay Transportation Authority Sales Tax Revenue Series 2004-C 5.25%, 07/01/2023		3,520		3,640,234
Massachusetts Clean Water Trust (The) (Massachusetts Water Pollution Abatement Trust (The) SRF) Series 2006 5.983% (CPI + 0.99%), 08/01/2022^(b)		3,240		3,240,000
5.99% (CPI + 0.99%), 08/01/2023^(b)		2,275		2,322,821
Series 2021-2 4.00%, 02/01/2023		1,645		1,666,141
Massachusetts Development Finance Agency (Broad Institute Inc. (The)) Series 2017 5.00%, 04/01/2028		1,655		1,879,926
Massachusetts Port Authority Series 2021-E 5.00%, 07/01/2037		2,250		2,523,130
5.00%, 07/01/2039		5,000		5,567,468
Massachusetts School Building Authority (Massachusetts School Building Authority Sales Tax) Series 2012-A 5.00%, 08/15/2023		2,475		2,478,234

				52,827,328


Michigan – 1.4%
City of Detroit MI Series 2018 5.00%, 04/01/2035		750		791,713
5.00%, 04/01/2036		305		321,437
City of Detroit MI Sewage Disposal System Revenue (Great Lakes Water Authority Sewage Disposal System Revenue) AGM Series 2006-D 2.094% (LIBOR 3 Month + 0.60%), 07/01/2032^(b)		2,605		2,559,811
Detroit City School District AGM Series 2005-A 5.25%, 05/01/2029		3,860		4,568,115
Michigan Finance Authority (City of Detroit MI) Series 2016-C 5.00%, 04/01/2026		1,000		1,107,013
5.00%, 04/01/2027		1,735		1,936,972


	Principal Amount (000)		U.S. $ Value

Michigan Finance Authority (Great Lakes Water Authority Water Supply System Revenue) AGM Series 2014-D2 5.00%, 07/01/2024	$	10,545	$	11,160,408
Michigan Finance Authority (Henry Ford Health System Obligated Group) Series 2016 5.00%, 11/15/2031		1,785		1,933,006
Michigan Finance Authority (Michigan Finance Authority Drinking Water Revolving Fund) Series 2021 5.00%, 10/01/2026		1,250		1,407,757
Michigan Strategic Fund (Michigan Strategic Fund - I 75 Improvement Project) Series 2018 5.00%, 12/31/2028		3,075		3,319,733
5.00%, 06/30/2029		6,015		6,435,110

				35,541,075


Mississippi – 0.1%
Mississippi Development Bank (Magnolia Regional Health Center) Series 2021 5.00%, 10/01/2033^(a)		1,000		1,082,092
Mississippi Hospital Equipment & Facilities Authority (Baptist Memorial Health Care Obligated Group) Series 2016-A 5.00%, 09/01/2036		1,500		1,569,582

				2,651,674


Missouri – 1.0%
Health & Educational Facilities Authority of the State of Missouri (BJC Healthcare Obligated Group) Series 2021-B 4.00%, 05/01/2051		11,975		12,669,098
Howard Bend Levee District XLCA Series 2005 5.75%, 03/01/2025		135		139,953
5.75%, 03/01/2027		120		126,266
Lee’s Summit Industrial Development Authority (John Knox Village Obligated Group) Series 2016-A 5.00%, 08/15/2036		1,675		1,690,184
Missouri State Environmental Improvement & Energy Resources Authority (Missouri Environmental Improvement & Energy Resources Auth State Revolving Funds) Series 2020-A 5.00%, 01/01/2023		9,785		9,929,248

				24,554,749


Montana – 0.1%
Montana Facility Finance Authority (Benefis Health System Obligated Group) Series 2016 5.00%, 02/15/2031		1,925		2,075,117
5.00%, 02/15/2033		1,350		1,441,164

				3,516,281


	Principal Amount (000)		U.S. $ Value

Nebraska – 0.6%
Central Plains Energy Project (Goldman Sachs Group, Inc. (The)) Series 2018 5.00%, 03/01/2050	$	15,000	$	15,468,567


Nevada – 1.9%
City of Sparks NV (City of Sparks NV Sales Tax) Series 2019-A 2.50%, 06/15/2024^(a)		240		234,204
Clark County School District Series 2021-A 4.00%, 06/15/2034		10,085		10,828,294
5.00%, 06/15/2027		3,500		3,977,512
Series 2021-B 5.00%, 06/15/2027		5,170		5,875,354
5.00%, 06/15/2028		6,710		7,726,030
5.00%, 06/15/2029		4,920		5,732,369
5.00%, 06/15/2032		3,425		4,038,616
BAM Series 2020-B 5.00%, 06/15/2027		4,305		4,903,055
Tahoe-Douglas Visitors Authority Series 2020 4.00%, 07/01/2027		1,200		1,239,229
5.00%, 07/01/2029		2,625		2,844,144
5.00%, 07/01/2032		2,035		2,179,532
5.00%, 07/01/2035		805		851,037

				50,429,376


New Hampshire – 0.5%
New Hampshire Business Finance Authority Series 2020-1, Class A 4.125%, 01/20/2034		1,500		1,508,028
Series 2022-2 0.334%, 09/20/2036		8,500		214,476
4.375%, 09/20/2036		9,990		9,902,077

				11,624,581


New Jersey – 3.8%
County of Monmouth NJ Series 2021-A 5.00%, 01/15/2029		2,685		3,159,237
Federal Home Loan Mortgage Corp. Enhanced Receipt Series 2019-B, Class 1 3.87%, 11/15/2035^(a)		12,363		12,569,616
New Jersey Economic Development Authority Series 2014-P 5.00%, 06/15/2029 (Pre-refunded/ETM)		1,150		1,221,058
New Jersey Economic Development Authority (Port Newark Container Terminal LLC) Series 2017 5.00%, 10/01/2026		2,130		2,282,559
5.00%, 10/01/2027		1,680		1,818,655


	Principal Amount (000)		U.S. $ Value

New Jersey Economic Development Authority (United Airlines, Inc.) Series 2012 5.25%, 09/15/2029	$	1,365	$	1,380,353
New Jersey Educational Facilities Authority (Ramapo College of New Jersey) AGM Series 2022-A 4.00%, 07/01/2039		550		571,804
4.00%, 07/01/2040		750		776,086
4.00%, 07/01/2041		835		855,784
5.00%, 07/01/2034		845		977,524
5.00%, 07/01/2035		400		461,314
5.00%, 07/01/2036		600		690,222
5.00%, 07/01/2037		600		687,877
5.00%, 07/01/2038		745		851,205
New Jersey Transportation Trust Fund Authority (New Jersey Transportation Fed Hwy Grant) Series 2016 5.00%, 06/15/2029		4,390		4,768,610
Series 2018-A 5.00%, 06/15/2028		4,170		4,548,454
5.00%, 06/15/2029		17,500		19,009,266
5.00%, 06/15/2030		1,500		1,624,336
5.00%, 06/15/2031		3,000		3,239,422
New Jersey Transportation Trust Fund Authority (New Jersey Transportation Trust Fund Authority State Lease) Series 2014-C 5.25%, 06/15/2032		2,960		3,116,228
Series 2020-A 5.00%, 06/15/2036		1,140		1,250,689
New Jersey Turnpike Authority Series 2013-A 5.00%, 01/01/2023 (Pre-refunded/ETM)		1,600		1,623,453
5.00%, 01/01/2023		200		202,806
Series 2014-A 5.00%, 01/01/2028		4,785		5,060,347
Series 2014-C 5.00%, 01/01/2023		1,590		1,612,307
Series 2017-A 5.00%, 01/01/2033		7,300		8,009,388
Series 2020-D 5.00%, 01/01/2028		4,375		4,840,849
Series 2021-B 0.897%, 01/01/2025		1,000		939,204
1.713%, 01/01/2029		1,350		1,191,853
Tobacco Settlement Financing Corp./NJ Series 2018-A 5.00%, 06/01/2030		4,750		5,201,615
Series 2018-B 5.00%, 06/01/2046		3,495		3,563,775

				98,105,896


New Mexico – 0.1%
State of New Mexico Severance Tax Permanent Fund Series 2022-A 5.00%, 07/01/2031		1,000		1,220,848


	Principal Amount (000)		U.S. $ Value

Winrock Town Center Tax Increment Development District No. 1 Series 2022 4.00%, 05/01/2033^(a)	$	1,035	$	950,496

				2,171,344


New York – 7.5%
City of New York NY Series 2020-A 5.00%, 08/01/2026		3,940		4,413,012
Series 2020-C 5.00%, 08/01/2033		3,645		4,228,802
Series 2021 1.396%, 08/01/2027		3,120		2,821,184
Series 2021-A 4.00%, 08/01/2041		2,000		2,024,048
5.00%, 08/01/2033		2,000		2,350,451
Series 2021-F 5.00%, 06/01/2044		2,500		2,677,908
County of Nassau NY Series 2022-A 4.00%, 04/01/2042		2,205		2,221,278
Metropolitan Transportation Authority Series 2012-C 5.00%, 11/15/2024 (Pre-refunded/ETM)		4,065		4,107,048
5.00%, 11/15/2025 (Pre-refunded/ETM)		5,000		5,051,720
Series 2012-F 5.00%, 11/15/2026		3,635		3,664,207
Series 2013-A 5.00%, 11/15/2026 (Pre-refunded/ETM)		2,300		2,362,360
Series 2013-E 5.00%, 11/15/2025 (Pre-refunded/ETM)		8,510		8,883,906
Series 2016-A 5.00%, 11/15/2024		1,130		1,195,454
Series 2016-B 5.00%, 11/15/2027		1,370		1,495,916
Series 2017-B 5.00%, 11/15/2023		1,110		1,153,649
5.00%, 11/15/2025		1,935		2,074,099
5.00%, 11/15/2026		555		604,155
Series 2017-C 5.00%, 11/15/2026		1,275		1,387,924
5.00%, 11/15/2027		1,745		1,921,129
5.00%, 11/15/2028		1,000		1,098,119
Series 2020-A 5.00%, 11/15/2045		5,120		5,753,515
Series 2020-E 4.00%, 11/15/2026		1,000		1,041,941
5.00%, 11/15/2028		4,000		4,416,168
Series 2021-D 1.858% (SOFR + 0.33%), 11/01/2035^(b)		2,090		2,040,450
New York City Transitional Finance Authority Future Tax Secured Revenue Series 2012-B 5.00%, 11/01/2026^(d)		6,830		6,880,905
New York State Dormitory Authority (State of New York Pers Income Tax) Series 2014-A 5.00%, 02/15/2028		6,565		6,872,386


	Principal Amount (000)		U.S. $ Value

Series 2021 2.202%, 03/15/2034	$	2,000	$	1,685,693
2.252%, 03/15/2032		2,000		1,750,128
Series 2022-A 4.00%, 03/15/2042		5,000		5,083,653
New York State Environmental Facilities Corp. (State of New York SRF) Series 2021 4.00%, 08/15/2038		800		840,018
New York State Thruway Authority (State of New York Pers Income Tax) Series 2021-A 5.00%, 03/15/2025		2,225		2,410,621
Series 2022-A 5.00%, 03/15/2030		52,730		62,808,169
5.00%, 03/15/2039		2,000		2,311,653
New York Transportation Development Corp. (Delta Air Lines, Inc.) Series 2018 5.00%, 01/01/2027		3,000		3,153,616
5.00%, 01/01/2028		2,590		2,736,275
5.00%, 01/01/2029		3,665		3,869,222
Series 2020 4.00%, 10/01/2030		1,500		1,508,464
New York Transportation Development Corp. (JFK International Air Terminal LLC) Series 2022 5.00%, 12/01/2038		1,700		1,830,407
5.00%, 12/01/2040		2,850		3,046,439
New York Transportation Development Corp. (Laguardia Gateway Partners LLC) Series 2016-A 5.00%, 07/01/2046		345		355,452
Port Authority of New York & New Jersey Series 2021-2 5.00%, 07/15/2028		1,025		1,157,130
Suffolk Tobacco Asset Securitization Corp. Series 2021 5.00%, 06/01/2028		2,265		2,493,883
5.00%, 06/01/2032		2,245		2,503,926
Triborough Bridge & Tunnel Authority (Metropolitan Transportation Authority Payroll Mobility Tax Revenue) Series 2021 5.00%, 05/15/2050		4,740		5,234,729
Series 2021-A 2.00%, 05/15/2045		2,945		2,908,256
2.591%, 05/15/2036		2,000		1,675,896
2.917%, 05/15/2040		1,000		807,721

				192,913,085


North Carolina – 0.7%
Fayetteville State University Series 2023 5.00%, 04/01/2032^{(a) (c)}		655		723,640


	Principal Amount (000)		U.S. $ Value

State of North Carolina (State of North Carolina Fed Hwy Grant) Series 2015 5.00%, 03/01/2026	$	6,710	$	7,227,267
Series 2019 5.00%, 03/01/2029		3,780		4,421,594
5.00%, 03/01/2033		2,910		3,317,732
Series 2021 5.00%, 03/01/2028		1,175		1,357,022

				17,047,255


North Dakota – 0.0%
County of Grand Forks ND (Red River Biorefinery LLC) Series 2021 6.625%, 12/15/2031^(a)		425		262,299
7.00%, 12/15/2043^(a)		440		262,430

				524,729


Ohio – 1.6%
American Municipal Power, Inc. Series 2016-A 5.00%, 02/15/2036		5,000		5,378,214
Series 2019 5.00%, 02/15/2035		1,425		1,613,819
Series 2021 4.00%, 02/15/2037		1,430		1,478,627
4.00%, 02/15/2038		1,330		1,366,594
5.00%, 02/15/2034		1,680		1,938,859
Buckeye Tobacco Settlement Financing Authority Series 2020-A 4.00%, 06/01/2039		1,000		1,006,214
City of Chillicothe OH (Adena Health System Obligated Group) Series 2017 5.00%, 12/01/2037		3,385		3,614,704
City of Cleveland OH Airport System Revenue AGM Series 2016-B 5.00%, 01/01/2023		1,510		1,531,564
5.00%, 01/01/2024		1,075		1,124,703
City of Cleveland OH Income Tax Revenue Series 2017-B1 5.00%, 10/01/2027		2,500		2,869,592
5.00%, 10/01/2029		3,085		3,523,893
5.00%, 10/01/2030		2,000		2,274,750
Series 2017-B2 5.00%, 10/01/2029		1,485		1,697,963
County of Cuyahoga OH (MetroHealth System (The)) Series 2017 5.00%, 02/15/2037		5,600		5,816,249
Ohio Higher Educational Facility Commission (University of Dayton) Series 2022 5.00%, 02/01/2038		1,250		1,405,575
5.00%, 02/01/2039		3,860		4,329,045

				40,970,365


	Principal Amount (000)		U.S. $ Value

Oklahoma – 0.0%
Oklahoma Development Finance Authority (Gilcrease Expressway West) Series 2020 1.625%, 07/06/2023	$	500	$	492,566


Oregon – 0.7%
Deschutes County Hospital Facilities Authority (St. Charles Health System Obligated Group) Series 2016-A 4.00%, 01/01/2033		1,000		1,014,262
Oregon Health & Science University (Oregon Health & Science University Obligated Group) Series 2021-B 5.00%, 07/01/2046		4,750		5,333,903
Port of Portland OR Airport Revenue Series 2022-2 4.00%, 07/01/2038		5,000		5,031,722
4.00%, 07/01/2040		3,500		3,510,940
Tri-County Metropolitan Transportation District of Oregon Series 2018-A 4.00%, 10/01/2033		1,960		2,019,633
5.00%, 10/01/2029		1,910		2,165,449

				19,075,909


Other – 0.2%
Federal Home Loan Mortgage Corp. Multifamily ML Certificates Series 2021-ML12 2.34%, 07/25/2041^(a)		2,486		2,187,665
Federal Home Loan Mortgage Corp. Multifamily VRD Certificates 2.65%, 06/15/2036^(a)		3,775		3,400,008

				5,587,673


Pennsylvania – 4.1%
Allegheny County Airport Authority Series 2021-A 4.00%, 01/01/2037		1,750		1,758,789
4.00%, 01/01/2040		1,165		1,163,339
4.00%, 01/01/2041		5,255		5,224,921
5.00%, 01/01/2035		5,205		5,763,264
Berks County Municipal Authority (The) (Tower Health Obligated Group) Series 2012-A 4.50%, 11/01/2041		1,000		747,300
Series 2020-B 5.00%, 02/01/2040		2,000		1,904,717
Bucks County Industrial Development Authority (Grand View Hospital/Sellersville PA Obligated Group) Series 2021 5.00%, 07/01/2032		1,000		1,075,424
5.00%, 07/01/2033		1,150		1,225,813
5.00%, 07/01/2034		1,300		1,375,041
5.00%, 07/01/2035		1,050		1,103,556


	Principal Amount (000)		U.S. $ Value

City of Philadelphia PA Series 2017 5.00%, 08/01/2028	$	12,990	$	14,655,467
City of Philadelphia PA Airport Revenue Series 2021 5.00%, 07/01/2028		3,035		3,403,716
City of Philadelphia PA Water & Wastewater Revenue Series 2017-A 5.00%, 10/01/2032		1,000		1,118,651
5.00%, 10/01/2033		1,135		1,265,558
Commonwealth of Pennsylvania Series 2017 5.00%, 01/01/2024		3,600		3,773,694
Hospitals & Higher Education Facilities Authority of Philadelphia (The) (Temple University Health System Obligated Group) AGM Series 2022 4.00%, 07/01/2040		10,000		10,063,915
Lancaster County Hospital Authority/PA (St. Anne’s Retirement Community Obligated Group) Series 2022 3.50%, 03/01/2025		1,410		1,388,432
5.00%, 03/01/2033		1,600		1,636,913
Montgomery County Higher Education and Health Authority (Thomas Jefferson University Obligated Group) Series 2018 5.00%, 09/01/2034		1,500		1,639,104
Series 2022 4.00%, 05/01/2036		1,100		1,133,023
4.00%, 05/01/2037		1,500		1,540,320
4.00%, 05/01/2038		1,375		1,407,100
4.00%, 05/01/2039		1,500		1,530,800
4.00%, 05/01/2040		2,000		2,035,302
4.00%, 05/01/2041		3,000		3,044,889
4.00%, 05/01/2042		2,125		2,150,533
Moon Industrial Development Authority (Baptist Homes Society) Series 2015 5.125%, 07/01/2025		1,300		1,294,562
Pennsylvania Economic Development Financing Authority (UPMC Obligated Group) Series 2022-C 2.03% (MUNIPSA + 0.70%), 11/15/2047^(b)		5,000		4,905,608
Pennsylvania Higher Educational Facilities Authority (University of Pennsylvania Health System Obligated Group (The)) Series 2022 4.00%, 08/15/2042		2,000		2,039,729


	Principal Amount (000)		U.S. $ Value

Pennsylvania Turnpike Commission Series 2017 5.00%, 12/01/2028	$	1,750	$	2,003,546
5.00%, 12/01/2029		1,255		1,418,651
Series 2017-B 5.00%, 06/01/2034		5,830		6,333,720
5.00%, 06/01/2036		1,750		1,890,396
Series 2019 5.00%, 12/01/2023		4,250		4,436,768
Series 2021-A 3.00%, 12/01/2042		1,245		1,068,675
Series 2021-B 4.00%, 12/01/2039		2,000		2,015,523
Philadelphia Authority for Industrial Development (MaST Community Charter School III) Series 2021 5.00%, 08/01/2040		1,000		1,040,682
School District of Philadelphia (The) Series 2016-F 5.00%, 09/01/2034		5,000		5,344,946

				106,922,387


Puerto Rico – 0.4%
Commonwealth of Puerto Rico Series 2021-A Zero Coupon, 07/01/2024		261		242,702
Zero Coupon, 07/01/2033		4,179		2,483,879
4.00%, 07/01/2033		3		2,776
4.00%, 07/01/2035		3		2,461
4.00%, 07/01/2037		2		2,090
4.00%, 07/01/2041		3		2,792
4.00%, 07/01/2046		3		2,848
5.25%, 07/01/2023		752		766,627
5.375%, 07/01/2025		153		160,470
5.625%, 07/01/2027		488		528,917
5.625%, 07/01/2029		1,128		1,246,488
5.75%, 07/01/2031		228		255,910
Series 2022-C 0.00%, 11/01/2043		20		10,758
Puerto Rico Electric Power Authority AGM Series 2007-V 5.25%, 07/01/2031^{(e) (f)}		970		986,943
Puerto Rico Highway & Transportation Authority AGC Series 2005-L 5.25%, 07/01/2041		790		796,761
AGC Series 2007-N 5.25%, 07/01/2034		1,010		1,031,370
5.25%, 07/01/2036		1,095		1,116,253
AGM Series 2007-C 5.25%, 07/01/2036		100		101,945
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Series 2018-A Zero Coupon, 07/01/2024		790		741,037

				10,483,027


Rhode Island – 0.1%
Rhode Island Health and Educational Building Corp. (City of Newport RI) Series 2022-C 4.00%, 05/15/2040		3,435		3,564,229


	Principal Amount (000)		U.S. $ Value

South Carolina – 1.2%
Columbia Housing Authority/SC Series 2022 4.80%, 11/01/2024	$	525	$	522,939
5.26%, 11/01/2032		100		101,159
5.41%, 11/01/2039		1,315		1,335,239
6.28%, 11/01/2039		100		101,370
County of Richland SC Series 2021-A 5.00%, 03/01/2028		13,020		15,156,404
South Carolina Jobs-Economic Development Authority (Last Step Recycling LLC) Series 2021 6.25%, 06/01/2040^(a)		1,000		852,783
South Carolina Public Service Authority Series 2016-A 5.00%, 12/01/2034		1,000		1,055,022
5.00%, 12/01/2036		1,535		1,613,858
Series 2016-B 5.00%, 12/01/2037		5,040		5,324,721
Series 2016-C 5.00%, 12/01/2035		930		984,873
Series 2020-A 4.00%, 12/01/2042		2,260		2,247,324
Series 2021-B 4.00%, 12/01/2039		1,975		1,981,634

				31,277,326


Tennessee – 0.9%
Bristol Industrial Development Board (Bristol Industrial Development Board Sales Tax) Series 2016-A 5.00%, 12/01/2035^(a)		1,410		1,413,902
Series 2016-B Zero Coupon, 12/01/2031^(a)		1,000		622,767
City of Pigeon Forge TN Series 2021-B 5.00%, 06/01/2024		4,545		4,819,215
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board (Vanderbilt University Medical Center Obligated Group) Series 2021 5.00%, 07/01/2031		5,095		5,888,055
Tennessee Energy Acquisition Corp. (Goldman Sachs Group, Inc. (The)) Series 2021 5.00%, 05/01/2052		8,770		9,513,760
Wilson County Health & Educational Facilities Board Series 2021 4.00%, 12/01/2039		1,000		811,435
4.25%, 12/01/2024		1,000		956,841

				24,025,975


	Principal Amount (000)		U.S. $ Value

Texas – 6.8%
Board of Regents of the University of Texas System Series 2016-H 5.00%, 08/15/2022	$	6,225	$	6,233,224
Central Texas Regional Mobility Authority Series 2021-B 5.00%, 01/01/2030		1,800		2,040,561
5.00%, 01/01/2034		1,575		1,768,051
5.00%, 01/01/2035		1,350		1,507,295
5.00%, 01/01/2037		1,675		1,855,550
5.00%, 01/01/2039		1,000		1,100,361
Series 2021-C 5.00%, 01/01/2027		5,000		5,416,840
City of Austin TX Water & Wastewater System Revenue Series 2021 5.00%, 11/15/2039		2,885		3,358,137
City of Houston TX Series 2021-A 5.00%, 03/01/2026		2,500		2,771,307
5.00%, 03/01/2027		4,180		4,742,373
City of Houston TX Airport System Revenue Series 2020-A 4.00%, 07/01/2037		3,000		3,018,361
Series 2021-A 4.00%, 07/01/2035		1,100		1,109,470
4.00%, 07/01/2037		1,085		1,092,347
4.00%, 07/01/2039		2,500		2,508,120
4.00%, 07/01/2040		5,175		5,185,941
5.00%, 07/01/2032		1,000		1,142,288
5.00%, 07/01/2033		3,000		3,393,769
City of Houston TX Airport System Revenue (United Airlines, Inc.) Series 2014 5.00%, 07/01/2029		2,465		2,512,313
City of Houston TX Combined Utility System Revenue Series 2014-C 5.00%, 05/15/2024		1,100		1,164,886
Series 2019-B 4.00%, 11/15/2039		1,015		1,047,352
Series 2020-C 5.00%, 11/15/2022		4,330		4,374,806
AGM Series 1998
Zero Coupon, 12/01/2022 (Pre-refunded/ETM)		8,265		8,219,801
City of San Antonio TX Electric & Gas Systems Revenue Series 2021-A 5.00%, 02/01/2038		1,750		1,995,060
5.00%, 02/01/2039		2,000		2,271,400
5.00%, 02/01/2040		2,470		2,798,255


	Principal Amount (000)		U.S. $ Value

Conroe Local Government Corp. (Conroe Local Government Corp. Conroe Convention Center Hotel) Series 2021 4.00%, 10/01/2041	$	905	$	945,592
Dallas Area Rapid Transit (Dallas Area Rapid Transit Sales Tax) Series 2020-B 5.00%, 12/01/2022		1,250		1,264,995
5.00%, 12/01/2023		4,000		4,182,278
Fort Worth Independent School District Series 2021-A 5.00%, 02/15/2026		2,900		3,220,678
5.00%, 02/15/2027		2,350		2,672,221
Harris County Cultural Education Facilities Finance Corp. (Texas Children’s Hospital Obligated Group) Series 2021 4.00%, 10/01/2041		2,000		2,022,256
Harris County Flood Control District Series 2021-A 4.00%, 10/01/2039		7,790		8,072,053
Hidalgo County Regional Mobility Authority Series 2022-A 4.00%, 12/01/2040		1,000		968,341
4.00%, 12/01/2041		750		722,539
5.00%, 12/01/2033		750		810,313
Series 2022-B 4.00%, 12/01/2041		1,000		942,015
Lewisville Independent School District Series 2020 5.00%, 08/15/2023		2,430		2,516,638
5.00%, 08/15/2024		2,295		2,448,603
Lower Colorado River Authority (LCRA Transmission Services Corp.) Series 2021 5.00%, 05/15/2029		800		931,022
Series 2022 5.00%, 05/15/2040		5,000		5,614,594
5.00%, 05/15/2041		10,000		11,194,533
New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community, Inc. Obligated Group) Series 2021 2.00%, 11/15/2061		900		512,845
7.50%, 11/15/2036		225		203,562
7.50%, 11/15/2037		35		30,682
New Hope Cultural Education Facilities Finance Corp. (Morningside Ministries Obligated Group) Series 2022 4.00%, 01/01/2042^(c)		1,825		1,525,302
New Hope Cultural Education Facilities Finance Corp. (Westminster Manor) Series 2016 5.00%, 11/01/2031		1,000		1,044,376


	Principal Amount (000)		U.S. $ Value

Newark Higher Education Finance Corp. (TLC Academy) Series 2021-A 4.00%, 08/15/2041	$	1,690	$	1,491,588
North Texas Tollway Authority (North Texas Tollway System) Series 2017-A 5.00%, 01/01/2038		3,000		3,029,329
Series 2021-B 4.00%, 01/01/2032		1,080		1,160,442
Port Authority of Houston of Harris County Texas Series 2021 5.00%, 10/01/2027		1,065		1,223,010
Port Beaumont Navigation District (Jefferson Railport Terminal II LLC) Series 2020 3.625%, 01/01/2035^(a)		240		210,557
Series 2021 2.00%, 01/01/2027^(a)		550		496,322
San Antonio Water System Series 2021-A 5.00%, 05/15/2035		1,160		1,356,543
5.00%, 05/15/2036		3,700		4,316,717
5.00%, 05/15/2037		3,275		3,819,027
Spring Independent School District Series 2021 5.00%, 08/15/2027		1,430		1,639,365
Tarrant County Cultural Education Facilities Finance Corp. (CHRISTUS Health Obligated Group) Series 2018-A 5.00%, 07/01/2030		2,465		2,744,408
5.00%, 07/01/2031		10,940		12,092,491
Tarrant County Cultural Education Facilities Finance Corp. (Edgemere Retirement Senior Quality Lifestyles Corp.) Series 2015-A 5.00%, 11/15/2025^{(e) (f)}		1,105		442,000
Texas Water Development Board (Texas Water Development Board State Revolving Fund) Series 2021 4.00%, 08/01/2036		10,410		11,065,936
University of North Texas System Series 2022 5.00%, 04/15/2035		1,015		1,191,593
5.00%, 04/15/2036		1,000		1,170,025
5.00%, 04/15/2037		1,320		1,538,469
5.00%, 04/15/2038		1,525		1,772,818

				175,233,946


Utah – 0.8%
City of Salt Lake City UT Airport Revenue Series 2021-A 4.00%, 07/01/2038		15,880		15,948,459
4.00%, 07/01/2040		2,915		2,903,383


	Principal Amount (000)		U.S. $ Value

Military Installation Development Authority Series 2021-A 4.00%, 06/01/2041	$	1,000	$	843,081

				19,694,923


Virginia – 1.6%
Fairfax County Economic Development Authority (County of Fairfax VA) Series 2020 5.00%, 08/01/2032		410		486,126
5.00%, 08/01/2033		410		483,073
Halifax County Industrial Development Authority (Virginia Electric and Power Co.) Series 2022 1.65%, 12/01/2041		5,000		4,949,133
Hampton Roads Transportation Accountability Commission Series 2021-A 5.00%, 07/01/2026		2,685		2,994,919
Virginia Small Business Financing Authority (95 Express Lanes LLC) Series 2022 5.00%, 01/01/2032		3,220		3,606,011
5.00%, 07/01/2032		2,800		3,132,897
5.00%, 01/01/2033		4,000		4,456,541
5.00%, 07/01/2033		8,090		8,994,982
5.00%, 01/01/2037		2,175		2,380,064
Virginia Small Business Financing Authority (Elizabeth River Crossings OpCo LLC) Series 2022 4.00%, 07/01/2035		3,250		3,307,543
4.00%, 01/01/2039		6,500		6,501,826

				41,293,115


Washington – 3.9%
City of Seattle WA Municipal Light & Power Revenue Series 2021-A 4.00%, 07/01/2033		2,060		2,248,113
4.00%, 07/01/2035		2,020		2,168,812
City of Seattle WA Water System Revenue Series 2017 5.00%, 08/01/2023		4,020		4,157,814
Energy Northwest (Bonneville Power Administration) Series 2016 5.00%, 07/01/2025		19,925		21,738,524
Series 2021-A 4.00%, 07/01/2042		1,000		1,017,485
Port of Seattle WA Series 2013 5.00%, 07/01/2024		4,820		4,943,996
Series 2019 5.00%, 04/01/2033		2,000		2,219,447
5.00%, 04/01/2034		1,000		1,099,527
Series 2021 4.00%, 08/01/2040		2,000		1,988,851
5.00%, 08/01/2022		2,075		2,075,000
5.00%, 09/01/2022		7,045		7,063,034
5.00%, 08/01/2023		1,165		1,197,200


	Principal Amount (000)		U.S. $ Value

Spokane County School District No. 81 Spokane Series 2012 3.00%, 12/01/2031	$	5,000	$	5,004,871
State of Washington Series 2015-R 5.00%, 07/01/2026		13,325		14,336,702
Series 2021-A 5.00%, 02/01/2029		2,570		3,029,637
Series 2021-C 5.00%, 02/01/2029		6,385		7,526,938
Series 2021-F 5.00%, 06/01/2029		3,165		3,751,411
University of Washington Series 2022-A 5.00%, 04/01/2034		3,250		3,863,110
5.00%, 04/01/2035		2,645		3,133,329
5.00%, 04/01/2037		1,340		1,576,997
Series 2022-B 2.787%, 07/01/2033		2,500		2,275,665
Washington State Convention Center Public Facilities District (Washington State Convention Center Public Facilities District Hotel Occupancy Tax) Series 2021 4.00%, 07/01/2031		1,600		1,585,587
Washington State Housing Finance Commission Series 2021-1, Class A 3.50%, 12/20/2035		983		933,315
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest Obligated Group) Series 2016 5.00%, 01/01/2036^(a)		2,125		2,122,609

				101,057,974


West Virginia – 0.1%
City of South Charleston WV (City of South Charleston WV South Charleston Park Place Excise Tax District) Series 2022 4.25%, 06/01/2042^(a)		1,185		1,002,354
Tobacco Settlement Finance Authority/WV Series 2020 4.875%, 06/01/2049		2,600		2,398,084
West Virginia Economic Development Authority (Arch Resources, Inc.) Series 2021 4.125%, 07/01/2045		265		265,687

				3,666,125


Wisconsin – 2.2%
St. Croix Chippewa Indians of Wisconsin Series 2021 5.00%, 09/30/2041^(a)		1,000		819,819


	Principal Amount (000)		U.S. $ Value

State of Wisconsin Series 2021-2 5.00%, 05/01/2026	$	5,850	$	6,553,836
5.00%, 05/01/2029		6,000		7,131,223
Series 2023-1 5.00%, 05/01/2028^(c)		4,300		4,843,198
UMA Education, Inc. Series 2019 5.00%, 10/01/2022^(a)		140		140,401
5.00%, 10/01/2023^(a)		150		152,468
5.00%, 10/01/2025^(a)		555		572,977
5.00%, 10/01/2026^(a)		590		612,851
5.00%, 10/01/2027^(a)		610		636,437
5.00%, 10/01/2028^(a)		335		349,403
5.00%, 10/01/2029^(a)		155		161,620
Wisconsin Department of Transportation Series 2013-1 5.00%, 07/01/2023		5,500		5,672,372
5.00%, 07/01/2024 (Pre-refunded/ETM)		6,500		6,704,372
Wisconsin Housing & Economic Development Authority (Roers Sun Prairie Apartments Owner LLC) Series 2022 4.625%, 03/15/2040^(a)		280		259,367
Series 2022-A 3.875%, 12/01/2039^(a)		1,285		1,185,352
Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/2042		2,000		2,138,733
5.50%, 02/01/2042^(a)		3,100		3,145,704
Wisconsin Public Finance Authority (Appalachian Regional Healthcare System Obligated Group) Series 2021 5.00%, 07/01/2035		300		327,414
5.00%, 07/01/2036		350		380,618
5.00%, 07/01/2037		275		297,764
5.00%, 07/01/2038		375		404,284
5.00%, 07/01/2039		350		375,923
5.00%, 07/01/2040		325		347,745
Wisconsin Public Finance Authority (Catholic Bishop of Chicago (The)) Series 2021 5.75%, 07/25/2041^(a)		5,000		4,830,078
Wisconsin Public Finance Authority (National Senior Communities, Inc. Obligated Group) Series 2022 4.00%, 01/01/2042		1,375		1,340,414
Wisconsin Public Finance Authority (Queens University of Charlotte) Series 2022 5.25%, 03/01/2042		3,000		3,137,676
Wisconsin Public Finance Authority (Renown Regional Medical Center) Series 2020 4.00%, 06/01/2035		1,220		1,225,545


	Principal Amount (000)		U.S. $ Value

Wisconsin Public Finance Authority (Roseman University of Health Sciences) Series 2022 4.00%, 04/01/2032^(a)	$	915	$	903,693
Wisconsin Public Finance Authority (Samaritan Housing Foundation Obligated Group) Series 2021-B 2.25%, 06/01/2027^(a)		1,500		1,381,330
Wisconsin Public Finance Authority (Southeastern Regional Medical Center Obligated Group) Series 2022 5.00%, 02/01/2033		1,725		1,903,358

				57,935,975


Total Long-Term Municipal Bonds (cost $2,346,394,193)				2,244,416,939


Short-Term Municipal Notes – 6.8%
Arizona – 0.4%
Arizona Health Facilities Authority (Banner Health Obligated Group) Series 2017-C 1.89%, 01/01/2046^(g)		8,300		8,300,000
Arizona Industrial Development Authority (Phoenix Children’s Hospital) Series 2019 1.89%, 02/01/2048^(g)		3,300		3,300,000

				11,600,000


California – 1.5%
Abag Finance Authority for Nonprofit Corps. (Sharp Healthcare Obligated Group) Series 2009-C 1.17%, 08/01/2035^(g)		1,565		1,565,000
Series 2009-D 1.17%, 08/01/2035^(g)		1,800		1,800,000
City of Los Angeles CA Series 2021-B 5.00%, 09/01/2022		13,070		13,108,731
Southern California Public Power Authority
Series 2020 1.65%, 07/01/2036^(g)		8,730		8,730,000
State of California Series 2019-B 1.10%, 05/01/2040^(g)		14,600		14,600,000

				39,803,731


Colorado – 0.3%
Colorado Health Facilities Authority (Children’s Hospital Colorado Obligated Group)
Series 2020 1.45%, 12/01/2052^(g)		2,650		2,650,000
1.89%, 12/01/2052^(g)		3,850		3,850,000

				6,500,000


	Principal Amount (000)		U.S. $ Value

District of Columbia – 0.7%
District of Columbia (Carnegie Endowment for International Peace) Series 2010 1.38%, 11/01/2045^(g)	$	2,500	$	2,500,000
District of Columbia (Georgetown University (The)) Series 2016 1.33%, 04/01/2041^(g)		7,700		7,700,000
District of Columbia (MedStar Health Obligated Group) Series 2012-A 1.28%, 08/15/2038^(g)		4,440		4,440,000
Series 2017-A 1.89%, 08/15/2038^(g)		2,900		2,900,000

				17,540,000


Florida – 0.4%
Florida Keys Aqueduct Authority Series 2013 1.30%, 09/01/2035^(g)		9,370		9,370,000
Halifax Hospital Medical Center (Halifax Hospital Medical Center Obligated Group)
Series 2010 1.46%, 06/01/2048^(g)		1,685		1,685,000

				11,055,000


Illinois – 0.2%
Illinois Finance Authority (Latin School of Chicago (The)) Series 2005-B 1.47%, 08/01/2035^(g)		1,245		1,245,000
Illinois Finance Authority (OSF Healthcare System Obligated Group) Series 2018 1.89%, 11/15/2037^(g)		1,075		1,075,000
Village of Brookfield IL (Chicago Zoological Society (The)) Series 2008 1.32%, 06/01/2038^(g)		2,350		2,350,000

				4,670,000


Indiana – 0.1%
Indiana Municipal Power Agency Series 2019-B 1.96%, 01/01/2042^(g)		1,380		1,380,000


	Principal Amount (000)		U.S. $ Value

Louisiana – 0.3%
Louisiana Public Facilities Authority (CHRISTUS Health Obligated Group) Series 2009 1.25%, 07/01/2047^(g)	$	5,250	$	5,250,000
Louisiana Public Facilities Authority (Coca-Cola Bottling Co. United-Gulf Coast LLC) Series 2013 1.30%, 04/02/2023^(g)		2,280		2,280,000

				7,530,000


Massachusetts – 0.1%
Massachusetts Development Finance Agency (Trustees of The College of The Holy Cross) Series 2018 1.89%, 09/01/2037^(g)		1,800		1,800,000


Minnesota – 0.5%
City of Minneapolis MN (Fairview Health Services Obligated Group) Series 2018 1.47%, 11/15/2048^(g)		2,750		2,750,000
City of Minneapolis MN/St. Paul Housing & Redevelopment Authority (Allina Health Obligated Group) Series 2008 1.42%, 11/15/2034^(g)		1,000		1,000,000
Series 2009-B 1.81%, 11/15/2035^(g)		9,005		9,005,000

				12,755,000


New Jersey – 0.2%
New Jersey Health Care Facilities Financing Authority (AHS Hospital Corp.) Series 2008-C 1.32%, 07/01/2036^(g)		1,145		1,145,000
New Jersey Health Care Facilities Financing Authority (Virtua Health Obligated Group) Series 2009-C 1.65%, 07/01/2043^(g)		3,600		3,600,000

				4,745,000


New York – 0.9%
Build NYC Resource Corp. (Asia Society (The)) Series 2015 1.38%, 04/01/2045^(g)		4,725		4,725,000
New York City Health and Hospitals Corp. Series 2008-B 1.35%, 02/15/2031^(g)		11,000		11,000,000


	Principal Amount (000)		U.S. $ Value

New York State Housing Finance Agency (8 East 102nd Street LLC) Series 2012 1.35%, 05/01/2044^(g)	$	4,025	$	4,025,000
Triborough Bridge & Tunnel Authority Series 2018-C 1.79%, 01/01/2032^(g)		1,415		1,415,000
Trust for Cultural Resources of The City of New York (The) (New York Botanical Garden (The)) Series 2009 1.38%, 07/01/2032^(g)		2,540		2,540,000

				23,705,000


Ohio – 0.0%
Columbus Regional Airport Authority Series 2006 1.32%, 12/01/2036^(g)		965		965,000


Oregon – 0.1%
Oregon State Facilities Authority (PeaceHealth Obligated Group) Series 2018-A 1.96%, 08/01/2034^(g)		2,100		2,100,000


Texas – 0.2%
Austin Independent School District Series 2021 5.00%, 08/01/2022		4,880		4,880,000


Washington – 0.7%
Port of Tacoma WA Series 2019-B 1.40%, 12/01/2044^(g)		18,000		18,000,000
Washington State Housing Finance Commission (Vintage at Urban Center LLC) Series 2015 1.33%, 07/01/2047^(g)		1,075		1,075,000

				19,075,000


Wisconsin – 0.2%
Wisconsin Health & Educational Facilities Authority (Medical College of Wisconsin, Inc.) Series 2008-B 1.96%, 12/01/2033^(g)		6,225		6,225,000


Total Short-Term Municipal Notes (cost $176,343,351)				176,328,731


Total Municipal Obligations (cost $2,522,737,544)				2,420,745,670


CORPORATES - INVESTMENT GRADE – 0.8%
Industrial – 0.8%
Capital Goods – 0.1%
Caterpillar Financial Services Corp. 1.668% (SOFR + 0.27%), 09/13/2024^(b)		2,500		2,452,050


	Principal Amount (000)		U.S. $ Value

John Deere Capital Corp. 1.651% (SOFR + 0.12%), 07/10/2023^(b)	$	1,435	$	1,428,959

				3,881,009


Consumer Cyclical - Automotive – 0.2%
General Motors Financial Co., Inc. 2.833% (SOFR + 1.30%), 04/07/2025^(b)		5,000		4,908,750


Consumer Non-Cyclical – 0.4%
Baylor Scott & White Holdings Series 2021 0.827%, 11/15/2025		1,000		910,540
1.777%, 11/15/2030		1,000		844,180
Sutter Health Series 20A 3.161%, 08/15/2040		1,000		804,570
Ochsner LSU Health System of North Louisiana Series 2021 2.51%, 05/15/2031		2,300		1,933,771
UPMC Series D-1 3.60%, 04/03/2025		5,600		5,630,408

				10,123,469


Services – 0.1%
Hackensack Meridian Health, Inc. Series 2020 2.675%, 09/01/2041		1,790		1,383,455


Total Corporates - Investment Grade (cost $21,960,927)				20,296,683


CORPORATES - NON-INVESTMENT GRADE – 0.3%
Industrial – 0.3%
Banks – 0.0%
UMB Financial Corp. 10.00%, 01/01/2049^(h) (i)		145		144,821


Communications - Media – 0.1%
CCO Holdings LLC/CCO Holdings Capital Corp. 4.25%, 01/15/2034^(a)		1,933		1,599,209
DISH DBS Corp. 5.25%, 12/01/2026^(a)		959		821,681
5.75%, 12/01/2028^(a)		996		807,726

				3,228,616


Consumer Non-Cyclical – 0.1%
Medline Borrower LP 3.875%, 04/01/2029^(a)		2,000		1,805,700


Transportation - Airlines – 0.1%
American Airlines, Inc./AAdvantage Loyalty IP Ltd. 5.50%, 04/20/2026^(a)		650		641,082
5.75%, 04/20/2029^(a)		575		550,597


	Principal Amount (000)		U.S. $ Value

United Airlines, Inc. 4.375%, 04/15/2026^(a)	$	600	$	577,650
4.625%, 04/15/2029^(a)		275		253,465

				2,022,794

Total Corporates - Non-Investment Grade (cost $8,131,751)				7,201,931


COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.2%
Agency CMBS – 0.2%
California Housing Finance Agency Series 2021-2, Class A 3.75%, 03/25/2035		4,955		5,075,730
Federal Home Loan Mortgage Corp. Multifamily ML Certificates Series 2021-ML10, Class ACA 2.046%, 06/25/2038		990		844,962
Washington State Housing Finance Commission Series 2021-1, Class X 0.725%, 12/20/2035^(j)		985		53,412


Total Commercial Mortgage-Backed Securities (cost $6,929,166)				5,974,104


GOVERNMENTS - TREASURIES – 0.2%
United States – 0.2%
U.S. Treasury Notes 2.625%, 02/15/2029^(d) (cost $4,999,284)		5,000		4,975,781


COLLATERALIZED MORTGAGE OBLIGATIONS – 0.0%
Risk Share Floating Rate – 0.0%
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 2013-DN2, Class M2 6.509% (LIBOR 1 Month + 4.25%), 11/25/2023^(b)		110		113,514
Series 2014-DN3, Class M3 6.259% (LIBOR 1 Month + 4.00%), 08/25/2024^(b)		38		38,326
Federal National Mortgage Association Connecticut Avenue Securities Series 2014-C03, Class 2M2 5.159% (LIBOR 1 Month + 2.90%), 07/25/2024^(b)		56		56,502
Series 2015-C02, Class 1M2 6.259% (LIBOR 1 Month + 4.00%), 05/25/2025^(b)		60		60,837


Total Collateralized Mortgage Obligations (cost $259,785)				269,179


Company	Shares		U.S. $ Value

SHORT-TERM INVESTMENTS – 1.8%
Investment Companies – 1.8%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 1.72%^{(k) (l) (m)} (cost $45,346,924)		45,346,924	$	45,346,924

Total Investments – 96.8% (cost $2,610,365,381)⁽ⁿ⁾				2,504,810,272
Other assets less liabilities – 3.2%				83,279,680


Net Assets – 100.0%			$	2,588,089,952

CENTRALLY CLEARED INFLATION (CPI) SWAPS


			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value		Upfront Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)
USD	15,000	04/29/2024	2.765%	CPI#	Maturity	$	1,278,379	$	—	$	1,278,379
USD	30,000	08/06/2024	2.815%	CPI#	Maturity		2,099,622		—		2,099,622
USD	20,000	11/02/2024	3.310%	CPI#	Maturity		894,685		—		894,685
USD	25,000	11/19/2024	3.695%	CPI#	Maturity		818,986		—		818,986
USD	40,000	11/24/2024	3.469%	CPI#	Maturity		1,584,885		—		1,584,885
USD	5,345	01/15/2025	2.565%	CPI#	Maturity		527,961		—		527,961
USD	2,673	01/15/2025	2.585%	CPI#	Maturity		261,872		—		261,872
USD	2,672	01/15/2025	2.613%	CPI#	Maturity		258,806		—		258,806
USD	148,000	01/15/2026	3.508%	CPI#	Maturity		7,813,579		—		7,813,579
USD	135,000	01/15/2026	3.580%	CPI#	Maturity		6,612,500		—		6,612,500
USD	10,000	04/01/2026	2.508%	CPI#	Maturity		1,013,817		—		1,013,817
USD	30,000	08/06/2026	2.689%	CPI#	Maturity		2,283,599		—		2,283,599
USD	25,000	10/04/2026	2.725%	CPI#	Maturity		1,596,852		—		1,596,852
USD	25,000	11/24/2026	3.176%	CPI#	Maturity		1,007,849		—		1,007,849
USD	74,000	01/15/2028	3.232%	CPI#	Maturity		4,197,637		—		4,197,637
USD	19,310	01/15/2028	1.230%	CPI#	Maturity		3,837,887		—		3,837,887
USD	14,770	01/15/2028	0.735%	CPI#	Maturity		3,484,192		—		3,484,192
USD	25,000	10/04/2028	2.661%	CPI#	Maturity		1,691,196		—		1,691,196
USD	12,000	08/29/2029	1.748%	CPI#	Maturity		2,108,419		—		2,108,419
USD	4,825	01/15/2030	1.572%	CPI#	Maturity		927,844		—		927,844
USD	4,825	01/15/2030	1.587%	CPI#	Maturity		920,879		—		920,879
USD	1,670	01/15/2030	1.714%	CPI#	Maturity		298,188		—		298,188
USD	1,670	01/15/2030	1.731%	CPI#	Maturity		295,421		—		295,421
USD	7,850	01/15/2031	2.782%	CPI#	Maturity		659,836		—		659,836
USD	6,150	01/15/2031	2.680%	CPI#	Maturity		582,102		—		582,102
USD	15,000	12/02/2035	2.074%	CPI#	Maturity		2,671,051		—		2,671,051
USD	25,000	04/01/2036	2.438%	CPI#	Maturity		3,009,679		—		3,009,679
USD	32,000	04/29/2036	2.503%	CPI#	Maturity		3,479,272		—		3,479,272
USD	10,000	05/01/2036	2.510%	CPI#	Maturity		1,074,665		—		1,074,665
USD	30,000	08/03/2036	2.488%	CPI#	Maturity		2,878,928		—		2,878,928
USD	20,000	08/06/2036	2.440%	CPI#	Maturity		2,042,254		—		2,042,254
USD	40,000	10/04/2036	2.510%	CPI#	Maturity		3,223,314		—		3,223,314
USD	35,000	11/02/2036	2.638%	CPI#	Maturity		2,126,097		—		2,126,097

						$	67,562,253	$	—	$	67,562,253

#	Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).

CENTRALLY CLEARED INTEREST RATE SWAPS


			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund		Payments received by the Fund		Payment Frequency Paid/ Received		Market Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)
USD	30,000	07/22/2023		0.275%		3 Month LIBOR		Semi-Annual/ Quarterly	$	920,752		$	—	$	920,752
USD	55,000	01/15/2024		1 Day SOFR		0.876%		Annual		(1,569,781	)		—		(1,569,781	)
USD	37,000	01/15/2027		1 Day SOFR		2.484%		Annual		210,563			—		210,563
USD	15,000	07/22/2031		1.227%		3 Month LIBOR		Semi-Annual/ Quarterly		1,782,529			—		1,782,529
USD	70,000	04/15/2032		1.254%		1 Day SOFR		Annual		7,049,543			—		7,049,543
USD	55,000	04/15/2032		2.677%		1 Day SOFR		Annual		(1,425,853	)		—		(1,425,853	)
USD	37,000	04/15/2032		2.316%		1 Day SOFR		Annual		208,467			—		208,467
USD	20,000	04/15/2032		1.658%		1 Day SOFR		Annual		1,291,704			—		1,291,704
USD	20,000	04/15/2032		1.862%		1 Day SOFR		Annual		926,449			—		926,449
USD	13,000	07/22/2036		1.440%		3 Month LIBOR		Semi-Annual/ Quarterly		2,114,189			—		2,114,189

									$	11,508,562		$	—	$	11,508,562

CREDIT DEFAULT SWAPS


Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at July 31, 2022		Notional Amount (000)			Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
Sale Contracts
Citigroup Global Markets, Inc.
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00	%		Monthly		7.50%		USD	60	$	(13,519	)	$	(5,623	)	$	(7,896	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	520		(117,164	)		(62,867	)		(54,297	)
Credit Suisse International
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	35		(7,837	)		(4,078	)		(3,759	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	33		(7,445	)		(3,125	)		(4,320	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	409		(92,281	)		(38,782	)		(53,499	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	615		(138,716	)		(56,799	)		(81,917	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	1,056		(238,247	)		(123,155	)		(115,092	)
Goldman Sachs International
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	201		(45,259	)		(24,183	)		(21,076	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	533		(120,298	)		(47,811	)		(72,487	)

											$	(780,766	)	$	(366,423	)	$	(414,343	)

*	Termination date

INFLATION (CPI) SWAPS


					Rate Type
Swap Counterparty	Notional Amount (000)			Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)
Bank of America, NA		USD	86,000	01/15/2027	3.600%	CPI#	Maturity	$	3,349,059		$	—	$	3,349,059
Bank of America, NA		USD	25,000	02/02/2032	2.403%	CPI#	Maturity		2,839,234			—		2,839,234
Barclays Bank PLC		USD	16,700	10/05/2022	2.765%	CPI#	Maturity		(250,323	)		—		(250,323	)
Barclays Bank PLC		USD	25,000	08/07/2024	2.573%	CPI#	Maturity		616,826			—		616,826
Barclays Bank PLC		USD	19,000	05/05/2025	2.125%	CPI#	Maturity		2,116,065			—		2,116,065
Barclays Bank PLC		USD	5,400	03/06/2027	2.695%	CPI#	Maturity		(74,053	)		—		(74,053	)
Barclays Bank PLC		USD	20,000	06/06/2032	2.145%	CPI#	Maturity		3,136,384			—		3,136,384
Barclays Bank PLC		USD	14,000	09/01/2032	2.128%	CPI#	Maturity		2,286,747			—		2,286,747
Barclays Bank PLC		USD	22,000	08/29/2033	2.368%	CPI#	Maturity		2,604,180			—		2,604,180
Citibank, NA		USD	4,000	08/10/2022	2.550%	CPI#	Maturity		(35,379	)		—		(35,379	)
Citibank, NA		USD	15,500	12/07/2022	2.748%	CPI#	Maturity		(137,651	)		—		(137,651	)
Citibank, NA		USD	47,000	05/24/2023	2.533%	CPI#	Maturity		1,071,878			—		1,071,878
Citibank, NA		USD	30,000	10/29/2023	2.524%	CPI#	Maturity		687,857			—		687,857
Citibank, NA		USD	30,000	09/19/2024	2.070%	CPI#	Maturity		3,606,157			—		3,606,157
Citibank, NA		USD	25,000	07/03/2025	2.351%	CPI#	Maturity		2,392,279			—		2,392,279
Citibank, NA		USD	15,800	02/08/2028	2.940%	CPI#	Maturity		(804,493	)		—		(804,493	)
Citibank, NA		USD	12,000	11/05/2033	2.273%	CPI#	Maturity		1,628,017			—		1,628,017
Citibank, NA		USD	35,000	02/15/2041	2.888%	CPI#	Maturity		(614,725	)		—		(614,725	)
Citibank, NA		USD	13,000	02/15/2041	2.744%	CPI#	Maturity		134,294			—		134,294
Deutsche Bank AG		USD	25,000	09/02/2025	1.880%	CPI#	Maturity		3,371,220			—		3,371,220
Goldman Sachs International		USD	57,000	04/15/2024	4.308%	CPI#	Maturity		2,206,783			—		2,206,783
Goldman Sachs International		USD	59,000	01/15/2027	4.353%	CPI#	Maturity		(602,566	)		—		(602,566	)
Goldman Sachs International		USD	39,000	01/15/2027	3.534%	CPI#	Maturity		1,684,858			—		1,684,858
Goldman Sachs International		USD	37,000	01/15/2027	4.193%	CPI#	Maturity		153,494			—		153,494
Goldman Sachs International		USD	28,000	01/15/2027	4.215%	CPI#	Maturity		(29,815	)		—		(29,815	)
Goldman Sachs International		USD	18,000	04/15/2032	2.994%	CPI#	Maturity		985,979			—		985,979
Goldman Sachs International		USD	20,000	02/15/2041	2.890%	CPI#	Maturity		(361,115	)		—		(361,115	)
Goldman Sachs International		USD	15,000	02/15/2041	2.815%	CPI#	Maturity		(49,291	)		—		(49,291	)
Goldman Sachs International		USD	14,000	02/15/2041	2.380%	CPI#	Maturity		1,092,233			—		1,092,233
Goldman Sachs International		USD	7,000	02/15/2041	2.413%	CPI#	Maturity		505,033			—		505,033
JPMorgan Chase Bank, NA		USD	19,000	08/17/2022	2.523%	CPI#	Maturity		(19,694	)		—		(19,694	)
JPMorgan Chase Bank, NA		USD	200,000	01/18/2023	3.793%	CPI#	Maturity		10,221,520			—		10,221,520
JPMorgan Chase Bank, NA		USD	150,000	01/18/2023	3.825%	CPI#	Maturity		7,618,049			—		7,618,049
JPMorgan Chase Bank, NA		USD	100,000	01/18/2023	3.788%	CPI#	Maturity		5,115,693			—		5,115,693


					Rate Type
Swap Counterparty	Notional Amount (000)			Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)
JPMorgan Chase Bank, NA		USD	1,400	06/30/2026	2.890%	CPI#	Maturity	$	(86,348	)	$	—	$	(86,348	)
JPMorgan Chase Bank, NA		USD	3,300	07/21/2026	2.935%	CPI#	Maturity		(239,159	)		—		(239,159	)
JPMorgan Chase Bank, NA		USD	2,400	10/03/2026	2.485%	CPI#	Maturity		49,267			—		49,267
JPMorgan Chase Bank, NA		USD	5,400	11/14/2026	2.488%	CPI#	Maturity		104,744			—		104,744
JPMorgan Chase Bank, NA		USD	4,850	12/23/2026	2.484%	CPI#	Maturity		112,087			—		112,087
JPMorgan Chase Bank, NA		USD	13,000	03/01/2027	2.279%	CPI#	Maturity		1,458,447			—		1,458,447
JPMorgan Chase Bank, NA		USD	45,000	01/15/2028	3.861%	CPI#	Maturity		412,504			—		412,504
JPMorgan Chase Bank, NA		USD	21,350	02/20/2028	2.899%	CPI#	Maturity		(895,049	)		—		(895,049	)
JPMorgan Chase Bank, NA		USD	12,000	03/26/2028	2.880%	CPI#	Maturity		(435,629	)		—		(435,629	)
JPMorgan Chase Bank, NA		USD	10,000	07/03/2028	2.356%	CPI#	Maturity		1,078,352			—		1,078,352
JPMorgan Chase Bank, NA		USD	25,000	11/05/2028	2.234%	CPI#	Maturity		3,043,965			—		3,043,965
JPMorgan Chase Bank, NA		USD	18,000	04/17/2030	2.378%	CPI#	Maturity		1,930,151			—		1,930,151
JPMorgan Chase Bank, NA		USD	29,000	04/15/2032	2.944%	CPI#	Maturity		1,757,321			—		1,757,321
JPMorgan Chase Bank, NA		USD	24,000	11/17/2032	2.183%	CPI#	Maturity		3,661,909			—		3,661,909
Morgan Stanley Capital Services LLC		USD	10,000	04/16/2023	2.690%	CPI#	Maturity		57,928			—		57,928
Morgan Stanley Capital Services LLC		USD	5,000	08/15/2026	2.885%	CPI#	Maturity		(304,562	)		—		(304,562	)

								$	68,150,662		$	—	$	68,150,662

#	Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).

INTEREST RATE SWAPS

Rate Type

Swap Counterparty

Notional
Amount
(000)

Termination
Date

Payments
made
by the
Fund

Payments
received
by the
Fund

Payment
Frequency
Paid/
Received

Market
Value

Upfront
Premiums
Paid/
(Received)

Unrealized
Appreciation/
(Depreciation)

Citibank, NA

USD

11,075

10/09/2029

1.125%

SIFMA*

Quarterly

687,881

—

687,881

*	Variable interest rate based on the Securities Industry & Financial Markets Association (SIFMA) Municipal Swap Index.

(a)

Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At July 31, 2022, the aggregate market value of these securities amounted to $113,958,774 or 4.4% of net assets.

(b)

Floating Rate Security. Stated interest/floor/ceiling rate was in effect at July 31, 2022.

(c)

When-Issued or delayed delivery security.

(d)

Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding.

(e)

Non-income producing security.

(f)

Defaulted.

(g)

Variable Rate Demand Notes are instruments whose interest rates change on a specific date (such as coupon date or interest payment date) or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). This instrument is payable on demand and is secured by letters of credit or other credit support agreements from major banks.

(h)

Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(i)

Fair valued by the Adviser.

(j)

IO - Interest Only.

(k)

Affiliated investments.

(l)

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

(m)

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.

(n)

As of July 31, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $170,897,131 and gross unrealized depreciation of investments was $(128,957,225), resulting in net unrealized depreciation of $41,939,906.

As of July 31, 2022, the Fund’s percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 3.3% and 0.3%, respectively.

Glossary:

ACA – ACA Financial Guaranty Corporation

AGC – Assured Guaranty Corporation

AGM – Assured Guaranty Municipal

BAM – Build American Mutual

CCRC – Congregate Care Retirement Center

CDX-CMBX.NA – North American Commercial Mortgage-Backed Index

CIFGNA – CIFG Assurance North America, Inc.

CMBS – Commercial Mortgage-Backed Securities

COP – Certificate of Participation

CPI – Consumer Price Index

ETM – Escrowed to Maturity

LIBOR – London Interbank Offered Rate

NATL – National Interstate Corporation

OSF – Order of St. Francis

SOFR – Secured Overnight Financing Rate

SRF – State Revolving Fund

UPMC – University of Pittsburgh Medical Center

XLCA – XL Capital Assurance Inc.

AB Bond Fund, Inc.

AB Municipal Bond Inflation Strategy

July 31, 2022 (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.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided 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 July 31, 2022:


Investments in Securities:	Level 1		Level 2			Level 3		Total
Assets:
Long-Term Municipal Bonds	$	—	$	2,244,416,939		$	—	$	2,244,416,939
Short-Term Municipal Notes		—		176,328,731			—		176,328,731
Corporates - Investment Grade		—		20,296,683			—		20,296,683
Corporates - Non-Investment Grade		—		7,057,110			144,821		7,201,931
Commercial Mortgage-Backed Securities		—		5,974,104			—		5,974,104
Governments - Treasuries		—		4,975,781			—		4,975,781
Collateralized Mortgage Obligations		—		269,179			—		269,179
Short-Term Investments		45,346,924		—			—		45,346,924

Total Investments in Securities		45,346,924		2,459,318,527			144,821		2,504,810,272
Other Financial Instruments^(a):
Assets:
Centrally Cleared Inflation (CPI) Swaps		—		67,562,253			—		67,562,253
Centrally Cleared Interest Rate Swaps		—		14,504,196			—		14,504,196
Inflation (CPI) Swaps		—		73,090,514			—		73,090,514
Interest Rate Swaps		—		687,881			—		687,881
Liabilities:
Centrally Cleared Interest Rate Swaps		—		(2,995,634	)		—		(2,995,634	)
Credit Default Swaps		—		(780,766	)		—		(780,766	)
Inflation (CPI) Swaps		—		(4,939,852	)		—		(4,939,852	)

Total	$	45,346,924	$	2,606,447,119		$	144,821	$	2,651,938,864

^(a)

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 July 31, 2022 is as follows:

Fund

Market Value

10/31/2021

(000)

Purchases

at Cost

(000)

Sales

Proceeds

(000)

Market Value

07/31/2022

(000)

Dividend

Income

(000)

Government Money Market Portfolio

63,364

1,077,001

1,095,018

45,347

120