COMMON STOCKS – 63.4%

Information Technology – 18.8%

Semiconductors & Semiconductor Equipment – 8.1%

Broadcom, Inc.

KLA Corp.

NVIDIA Corp.

NXP Semiconductors NV

Taiwan Semiconductor Manufacturing Co., Ltd. (Sponsored ADR)

Software – 8.1%

Adobe, Inc.^(a)

HubSpot, Inc.^(a)

Microsoft Corp.

Oracle Corp.

ServiceNow, Inc.^(a)

Technology Hardware, Storage & Peripherals – 2.6%

Apple, Inc.

Financials – 10.3%

Banks – 2.3%

Bank of America Corp.

Wells Fargo & Co.

Capital Markets – 3.5%

Charles Schwab Corp. (The)

Goldman Sachs Group, Inc. (The)

S&P Global, Inc.

Financial Services – 3.2%

Fiserv, Inc.^(a)

Visa, Inc. - Class A

Insurance – 1.3%

Progressive Corp. (The)

Willis Towers Watson PLC

Communication Services – 7.9%

Diversified Telecommunication Services – 0.6%

Comcast Corp. – Class A

Entertainment – 1.2%

Walt Disney Co. (The)

Interactive Media & Services – 5.3%

Alphabet, Inc. - Class C

Meta Platforms, Inc. - Class A

Wireless Telecommunication Services – 0.8%

T-Mobile US, Inc.

Health Care – 6.4%

Biotechnology – 1.0%

Regeneron Pharmaceuticals, Inc.

Vertex Pharmaceuticals, Inc.^(a)

Health Care Equipment & Supplies – 0.6%

Medtronic PLC

Health Care Providers & Services – 1.5%

Labcorp Holdings, Inc.

UnitedHealth Group, Inc.

Life Sciences Tools & Services – 1.7%

IQVIA Holdings, Inc.^(a)

Thermo Fisher Scientific, Inc.

Waters Corp.^(a)

Pharmaceuticals – 1.6%

Eli Lilly & Co.

Merck & Co., Inc.

Roche Holding AG (Sponsored ADR)^(b)

Zoetis, Inc.

Industrials – 6.3%

Aerospace & Defense – 0.7%

RTX Corp.

Building Products – 0.5%

Otis Worldwide Corp.

Commercial Services & Supplies – 0.6%

Veralto Corp.

Electrical Equipment – 1.8%

Eaton Corp. PLC

GE Vernova, Inc.

Ground Transportation – 0.7%

CSX Corp.

Machinery – 1.1%

Deere & Co.

PACCAR, Inc.

Pentair PLC

Professional Services – 0.4%

Booz Allen Hamilton Holding Corp.

Trading Companies & Distributors – 0.5%

United Rentals, Inc.

Consumer Discretionary – 5.1%

Broadline Retail – 3.0%

Amazon.com, Inc.^(a)

Hotels, Restaurants & Leisure – 0.6%

Hyatt Hotels Corp. - Class A^(b)

Starbucks Corp.

Specialty Retail – 1.5%

AutoZone, Inc.^(a)

Home Depot, Inc. (The)

Consumer Staples – 3.4%

Beverages – 0.8%

Coca-Cola Co. (The)

Consumer Staples Distribution & Retail – 2.0%

Costco Wholesale Corp.

Dollar Tree, Inc.^(a)

Walmart, Inc.

Household Products – 0.6%

Procter & Gamble Co. (The)

Energy – 1.6%

Energy Equipment & Services – 0.8%

Baker Hughes Co.

Oil, Gas & Consumable Fuels – 0.8%

EOG Resources, Inc.

Materials – 1.4%

Chemicals – 1.4%

Corteva, Inc.

Linde PLC

LyondellBasell Industries NV - Class A

Real Estate – 1.2%

Industrial REITs – 0.7%

Prologis, Inc.

Specialized REITs – 0.5%

Digital Realty Trust, Inc.

Utilities – 1.0%

Electric Utilities – 0.5%

American Electric Power Co., Inc.

Multi-Utilities – 0.5%

Ameren Corp.

Total Common Stocks
(cost $473,983,865)

INVESTMENT COMPANIES – 35.4%

Funds and Investment Trusts – 35.4%^{(c) (d)}

AB Discovery Growth Fund, Inc. - Class Z

AB Trust - AB Discovery Value Fund - Class Z

Bernstein Fund, Inc. - International Small Cap Portfolio - Class Z

Bernstein Fund, Inc. - International Strategic Equities Portfolio - Class Z

Bernstein Fund, Inc. - Small Cap Core Portfolio - Class Z

Sanford C. Bernstein Fund, Inc. - Emerging Markets Portfolio - Class Z

Total Investment Companies
(cost $367,359,210)

SHORT-TERM INVESTMENTS – 1.1%

Investment Companies – 1.1%

AB Fixed Income Shares, Inc. - Government Money Market Portfolio -
Class AB, 4.14%^{(c) (d) (e)}
(cost $14,123,422)

Total Investments Before Security Lending Collateral for Securities Loaned – 99.9%
(cost $855,466,497)

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5%

Investment Companies – 0.5%

AB Fixed Income Shares, Inc. - Government Money Market Portfolio -
Class AB, 4.14%^{(c) (d) (e)}
(cost $5,734,597)

Total Investments – 100.4%
(cost $861,201,094)^(f)

Other assets less liabilities – (0.4)%

Net Assets – 100.0%

Non-income producing security.

Represents entire or partial securities out on loan.

Affiliated investments.

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

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

As of May 31, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $398,826,199 and gross unrealized depreciation of investments was $(15,266,359), resulting in net unrealized appreciation of $383,559,840.

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.

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)

Investments in Securities:

See Portfolio of Investments for sector classifications.

Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments 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.

Investments of cash collateral for securities lending transactions.