COMMON STOCKS – 98.2%

Industrials – 25.0%

Aerospace & Defense – 1.5%

Hexcel Corp.^(a)

Air Freight & Logistics – 2.9%

CH Robinson Worldwide, Inc.

GXO Logistics, Inc.^(b)

Building Products – 1.0%

Gibraltar Industries, Inc.^(b)

Construction & Engineering – 1.1%

WillScot Holdings Corp.^(a)

Electrical Equipment – 1.6%

Regal Rexnord Corp.

Ground Transportation – 2.5%

ArcBest Corp.

Knight-Swift Transportation Holdings, Inc.

Machinery – 5.6%

CNH Industrial NV

JBT Marel Corp.^(a)

Oshkosh Corp.

Pentair PLC

Terex Corp.

Marine Transportation – 2.4%

Kirby Corp.^(b)

Star Bulk Carriers Corp.

Professional Services – 3.2%

CACI International, Inc. - Class A^(b)

CBIZ, Inc.^{(a) (b)}

First Advantage Corp.^{(a) (b)}

Robert Half, Inc.^(a)

Trading Companies & Distributors – 3.2%

Boise Cascade Co.

Core & Main, Inc. - Class A^(b)

GATX Corp.

Financials – 16.3%

Banks – 7.9%

First BanCorp/Puerto Rico

First Citizens BancShares, Inc./NC - Class A

First Hawaiian, Inc.

Flagstar Bank NA^(a)

Independent Bank Corp.

Texas Capital Bancshares, Inc.^(b)

UMB Financial Corp.

WaFd, Inc.

Wintrust Financial Corp.

Capital Markets – 2.8%

Cboe Global Markets, Inc.

Invesco Ltd.

Stifel Financial Corp.

Financial Services – 3.0%

HA Sustainable Infrastructure Capital, Inc.^(a)

NCR Atleos Corp.^(b)

Walker & Dunlop, Inc.

Insurance – 2.6%

American Financial Group, Inc./OH

Hanover Insurance Group, Inc. (The)

Information Technology – 12.8%

Communications Equipment – 3.0%

Calix, Inc.^(b)

Ciena Corp.^(b)

F5, Inc.^(b)

Electronic Equipment, Instruments & Components – 4.5%

Avnet, Inc.

Crane NXT Co.^(a)

IPG Photonics Corp.^{(a) (b)}

TD SYNNEX Corp.

IT Services – 0.7%

Globant SA^{(a) (b)}

Semiconductors & Semiconductor Equipment – 3.3%

FormFactor, Inc.^(b)

ON Semiconductor Corp.^(b)

Universal Display Corp.

Software – 1.3%

ACI Worldwide, Inc.^(b)

Nice Ltd. (Sponsored ADR)^{(a) (b)}

Consumer Discretionary – 9.1%

Automobile Components – 1.5%

BorgWarner, Inc.

Diversified Consumer Services – 3.2%

ADT, Inc.

Frontdoor, Inc.^(b)

Laureate Education, Inc.^(b)

Household Durables – 0.6%

Taylor Morrison Home Corp.^(b)

Leisure Products – 2.5%

Brunswick Corp./DE

Hasbro, Inc.

Specialty Retail – 1.3%

AutoNation, Inc.^(b)

Bath & Body Works, Inc.

Health Care – 8.6%

Health Care Equipment & Supplies – 3.9%

Envista Holdings Corp.^(b)

Globus Medical, Inc. - Class A^(b)

Integer Holdings Corp.^(b)

Health Care Providers & Services – 2.7%

Encompass Health Corp.

Tenet Healthcare Corp.^(b)

Life Sciences Tools & Services – 2.0%

Bio-Techne Corp.^(a)

ICON PLC^(b)

Real Estate – 6.6%

Diversified REITs – 0.6%

Broadstone Net Lease, Inc.

Health Care REITs – 0.5%

American Healthcare REIT, Inc.

Hotel & Resort REITs – 0.6%

Ryman Hospitality Properties, Inc.

Industrial REITs – 0.9%

STAG Industrial, Inc.

Office REITs – 1.1%

COPT Defense Properties

Real Estate Management & Development – 1.5%

Jones Lang LaSalle, Inc.^(b)

Residential REITs – 0.9%

Independence Realty Trust, Inc.

Specialized REITs – 0.5%

CubeSmart

Materials – 5.8%

Chemicals – 2.2%

Avient Corp.

RPM International, Inc.

Containers & Packaging – 1.9%

Graphic Packaging Holding Co.^(a)

O-I Glass, Inc.^(b)

Metals & Mining – 1.7%

Reliance, Inc.

Consumer Staples – 5.4%

Consumer Staples Distribution & Retail – 4.4%

BJ’s Wholesale Club Holdings, Inc.^(b)

Dollar Tree, Inc.^(b)

US Foods Holding Corp.^(b)

Household Products – 1.0%

WD-40 Co.

Energy – 5.0%

Energy Equipment & Services – 2.1%

TechnipFMC PLC

Oil, Gas & Consumable Fuels – 2.9%

Magnolia Oil & Gas Corp. - Class A

Matador Resources Co.

Northern Oil & Gas, Inc.^(a)

Utilities – 3.6%

Electric Utilities – 1.6%

IDACORP, Inc.

Gas Utilities – 2.0%

Chesapeake Utilities Corp.

ONE Gas, Inc.

Total Common Stocks
(cost $2,023,687,199)

SHORT-TERM INVESTMENTS – 1.1%

Investment Companies – 1.1%

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 3.53%^{(c) (d) (e)}
(cost $26,090,171)

Total Investments Before Security Lending Collateral for Securities Loaned – 99.3%
(cost $2,049,777,370)

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

Investment Companies – 0.2%

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 3.53%^{(c) (d) (e)}
(cost $5,892,389)

Total Investments – 99.5%
(cost $2,055,669,759)^(f)

Other assets less liabilities – 0.5%

Net Assets – 100.0%

Represents entire or partial securities out on loan.

Non-income producing security.

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

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.

As of February 28, 2026, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $540,921,374 and gross unrealized depreciation of investments was $(138,885,105), resulting in net unrealized appreciation of $402,036,269.

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.