# EDGAR Filing Document

**Accession Number:** 0000029292
**File Stem:** 0001410368-25-011551
**Filing Date:** 2025-9
**Character Count:** 46820
**Document Hash:** e2be0cc83e7b13fc734aaa6c838664f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-011551.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0001410368-25-011551

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB RELATIVE VALUE FUND, INC.
- **CENTRAL INDEX KEY:** 0000029292

**ORGANIZATION NAME:**
- **EIN:** 136020888
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00126
- **FILM NUMBER:** 251344405

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AB GROWTH & INCOME FUND INC
- **DATE OF NAME CHANGE:** 20150123

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN GROWTH & INCOME FUND INC
- **DATE OF NAME CHANGE:** 20030319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCE GROWTH & INCOME FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### AB RELATIVE VALUE FUND, INC. (Series ID: S000010080)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000027911 | Class A       | CABDX           |
| C000027913 | Class C       | CBBCX           |
| C000027914 | Advisor Class | CBBYX           |
| C000027917 | Class I       | CBBIX           |
| C000132087 | Class Z       | CBBZX           |

## Nport-Ex

**AB Relative Value Fund, Inc.** 

**Portfolio of Investments** 

**July 31, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **COMMON STOCKS – 95.3%** |  |  |
|  **Financials – 21.9%** |  |  |
|  **Banks – 8.9%** |  |  |
|  Citigroup, Inc. | 423296 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39662835 |
|  JPMorgan Chase & Co. | 269127 | 79726182 |
|  Wells Fargo & Co. | 510458 | 41158229 |
|  |  | 160547246 |
|  **Capital Markets – 2.9%** |  |  |
|  Blackstone Secured Lending Fund<sup>(a)</sup> | 371384 | 11717165 |
|  S&P Global, Inc. | 72439 | 39921133 |
|  |  | 51638298 |
|  **Financial Services – 7.1%** |  |  |
|  Berkshire Hathaway, Inc. - Class B<sup>(b)</sup> | 142831 | 67399092 |
|  Fiserv, Inc.<sup>(b)</sup> | 168646 | 23431675 |
|  Mastercard, Inc. - Class A | 53380 | 30238169 |
|  MGIC Investment Corp. | 294343 | 7623484 |
|  |  | 128692420 |
|  **Insurance – 3.0%** |  |  |
|  Axis Capital Holdings Ltd. | 304105 | 28537213 |
|  MetLife, Inc. | 339668 | 25797785 |
|  |  | 54334998 |
|  |  | 395212962 |
|  **Industrials – 17.6%** |  |  |
|  **Aerospace & Defense – 3.7%** |  |  |
|  Curtiss-Wright Corp. | 19265 | 9444088 |
|  RTX Corp. | 366944 | 57819366 |
|  |  | 67263454 |
|  **Building Products – 2.4%** |  |  |
|  Allegion PLC | 100843 | 16731870 |
|  Carlisle Cos., Inc.<sup>(a)</sup> | 27570 | 9779355 |
|  Otis Worldwide Corp. | 195940 | 16790099 |
|  |  | 43301324 |
|  **Commercial Services & Supplies – 2.2%** |  |  |
|  MSA Safety, Inc. | 40910 | 7276662 |
|  Veralto Corp. | 305468 | 32022210 |
|  |  | 39298872 |
|  **Electrical Equipment – 1.9%** |  |  |
|  Generac Holdings, Inc.<sup>(b)</sup> | 137341 | 26738919 |
|  nVent Electric PLC | 95678 | 7503069 |
|  |  | 34241988 |
|  **Ground Transportation – 3.3%** |  |  |
|  CSX Corp. | 452950 | 16097843 |
|  JB Hunt Transport Services, Inc. | 128270 | 18477294 |
|  Landstar System, Inc. | 63990 | 8534346 |
|  Uber Technologies, Inc.<sup>(b)</sup> | 187440 | 16447860 |
|  |  | 59557343 |

---

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Machinery – 2.7%** |  |  |
|  Allison Transmission Holdings, Inc. | 117245 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10560257 |
|  ITT, Inc. | 29804 | 5065488 |
|  PACCAR, Inc. | 111004 | 10962755 |
|  Westinghouse Air Brake Technologies Corp. | 115388 | 22160265 |
|  |  | 48748765 |
|  **Professional Services – 0.7%** |  |  |
|  FTI Consulting, Inc.<sup>(b)</sup> | 34786 | 5786651 |
|  Paycom Software, Inc. | 31540 | 7302772 |
|  |  | 13089423 |
|  **Trading Companies & Distributors – 0.7%** |  |  |
|  MSC Industrial Direct Co., Inc. - Class A<sup>(a)</sup> | 158856 | 13760107 |
|  |  | 319261276 |
|  **Health Care – 16.1%** |  |  |
|  **Biotechnology – 4.2%** |  |  |
|  Gilead Sciences, Inc. | 286364 | 32155814 |
|  Regeneron Pharmaceuticals, Inc. | 62653 | 34174705 |
|  United Therapeutics Corp.<sup>(b)</sup> | 34828 | 9567252 |
|  |  | 75897771 |
|  **Health Care Equipment & Supplies – 1.4%** |  |  |
|  GE HealthCare Technologies, Inc. | 172951 | 12334865 |
|  ResMed, Inc. | 48400 | 13161896 |
|  |  | 25496761 |
|  **Health Care Providers & Services – 4.4%** |  |  |
|  Cencora, Inc. | 108979 | 31176712 |
|  Elevance Health, Inc. | 19351 | 5477881 |
|  HCA Healthcare, Inc. | 42336 | 14986521 |
|  Quest Diagnostics, Inc. | 162641 | 27227730 |
|  |  | 78868844 |
|  **Life Sciences Tools & Services – 1.2%** |  |  |
|  Agilent Technologies, Inc. | 186870 | 21454545 |
|  **Pharmaceuticals – 4.9%** |  |  |
|  Johnson & Johnson | 435896 | 71809507 |
|  Roche Holding AG (Sponsored ADR)<sup>(a)</sup> | 436874 | 16998767 |
|  |  | 88808274 |
|  |  | 290526195 |
|  **Information Technology – 8.7%** |  |  |
|  **Communications Equipment – 1.1%** |  |  |
|  Cisco Systems, Inc. | 308210 | 20982937 |
|  **Electronic Equipment, Instruments & Components – 0.8%** |  |  |
|  Zebra Technologies Corp. - Class A<sup>(b)</sup> | 42051 | 14256130 |

---

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **IT Services – 1.4%** |  |  |
|  Accenture PLC - Class A | 96805 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25856615 |
|  **Semiconductors & Semiconductor Equipment – 4.9%** |  |  |
|  Lam Research Corp. | 98917 | 9381288 |
|  Taiwan Semiconductor Manufacturing Co., Ltd. (Sponsored ADR) | 122358 | 29564140 |
|  Texas Instruments, Inc. | 272950 | 49420327 |
|  |  | 88365755 |
|  **Software – 0.5%** |  |  |
|  Nice Ltd. (Sponsored ADR)<sup>(a) (b)</sup> | 54480 | 8501604 |
|  |  | 157963041 |
|  **Consumer Staples – 7.7%** |  |  |
|  **Consumer Staples Distribution & Retail – 4.4%** |  |  |
|  Casey's General Stores, Inc. | 43868 | 22817063 |
|  Walmart, Inc. | 575340 | 56371813 |
|  |  | 79188876 |
|  **Food Products – 1.0%** |  |  |
|  Mondelez International, Inc. - Class A | 282800 | 18294332 |
|  **Tobacco – 2.3%** |  |  |
|  Philip Morris International, Inc. | 253278 | 41550256 |
|  |  | 139033464 |
|  **Consumer Discretionary – 7.4%** |  |  |
|  **Automobile Components – 0.7%** |  |  |
|  BorgWarner, Inc. | 334508 | 12309894 |
|  **Hotels, Restaurants & Leisure – 0.7%** |  |  |
|  Yum! Brands, Inc. | 87220 | 12572763 |
|  **Specialty Retail – 5.2%** |  |  |
|  Dick's Sporting Goods, Inc. | 134463 | 28440269 |
|  Lowe's Cos., Inc. | 86590 | 19358926 |
|  Ross Stores, Inc. | 172181 | 23509594 |
|  Ulta Beauty, Inc.<sup>(b)</sup> | 43919 | 22618724 |
|  |  | 93927513 |
|  **Textiles, Apparel & Luxury Goods – 0.8%** |  |  |
|  NIKE, Inc. - Class B | 195894 | 14631323 |
|  |  | 133441493 |
|  **Energy – 6.2%** |  |  |
|  **Energy Equipment & Services – 0.5%** |  |  |
|  Cactus, Inc. - Class A | 221000 | 9350510 |
|  **Oil, Gas & Consumable Fuels – 5.7%** |  |  |
|  Chevron Corp. | 150741 | 22858365 |
|  ConocoPhillips | 220096 | 20983953 |
|  EOG Resources, Inc. | 391743 | 47016995 |
|  Phillips 66 | 90185 | 11145062 |
|  |  | 102004375 |
|  |  | 111354885 |

---

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Communication Services – 5.6%** |  |  |
|  **Diversified Telecommunication Services – 2.5%** |  |  |
|  AT&T, Inc. | 1013580 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27782228 |
|  Comcast Corp. - Class A | 539489 | 17927219 |
|  |  | 45709447 |
|  **Entertainment – 3.1%** |  |  |
|  Electronic Arts, Inc. | 143255 | 21844955 |
|  Walt Disney Co. (The) | 282060 | 33596167 |
|  |  | 55441122 |
|  |  | 101150569 |
|  **Materials – 2.7%** |  |  |
|  **Chemicals – 1.8%** |  |  |
|  CF Industries Holdings, Inc. | 178372 | 16558273 |
|  PPG Industries, Inc. | 151820 | 16017010 |
|  |  | 32575283 |
|  **Metals & Mining – 0.9%** |  |  |
|  Steel Dynamics, Inc. | 128684 | 16414931 |
|  |  | 48990214 |
|  **Real Estate – 1.4%** |  |  |
|  **Real Estate Management & Development – 0.6%** |  |  |
|  Jones Lang LaSalle, Inc.<sup>(b)</sup> | 37840 | 10230422 |
|  **Specialized REITs – 0.8%** |  |  |
|  Public Storage | 55791 | 15171805 |
|  |  | 25402227 |
|  Total Common Stocks<br>(cost $1,368,080,926) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1722336326 |
|  **SHORT-TERM INVESTMENTS – 4.7%** |  |  |
|  **Investment Companies – 4.7%** |  |  |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.15%<sup>(c) (d) (e)</sup><br>(cost $85,415,192) | 85415192 | 85415192 |
|  **Total Investments Before Security Lending Collateral for Securities Loaned – 100.0%**<br> (cost $1,453,496,118) | **Total Investments Before Security Lending Collateral for Securities Loaned – 100.0%**<br> (cost $1,453,496,118) | 1807751518 |

---

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%** |  |  |
|  **Investment Companies – 0.6%** |  |  |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.15%<sup>(c) (d) (e)</sup><br>(cost $11,161,160) | 11161160 | $11161160 |
|  **Total Investments – 100.6%**<br> (cost $1,464,657,278)<sup>(f)</sup> | **Total Investments – 100.6%**<br> (cost $1,464,657,278)<sup>(f)</sup> | 1818912678 |
|  Other assets less liabilities – (0.6)% |  | (10920142) |
|  **Net Assets – 100.0%** | **Net Assets – 100.0%** | $**1807992536** |

---

*(a)* *Represents entire or partial securities out on loan.* 

*(b)* *Non-income producing security.* 

*(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. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(e)* *Affiliated investments.* 

*(f)* *As of July 31, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $380,613,487 and gross unrealized depreciation of investments was $(26,358,087), resulting in net unrealized appreciation of $354,255,400.* 

*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.* <br>

*Glossary:* 

*ADR – American Depositary Receipt* 

*REIT – Real Estate Investment Trust* 

**AB Relative Value Fund, Inc.** 

**July 31, 2025 (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of
investments)

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, by pricing vendors, 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 July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks<sup>(a)</sup> | $1722336326 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1722336326 |
| Short-Term Investments | 85415192 |  |  | 85415192 |
| Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund | 11161160 |  |  | 11161160 |
| Total Investments in Securities | 1818912678 |  |  | 1818912678 |
| **Other Financial Instruments<sup>(b)</sup>** |  |  |  |  |
| **Total** | $**1818912678** | $**—** | $**—** | $**1818912678** |

---

*<sup>(a)</sup>* *See Portfolio of Investments for sector classifications.* 

*<sup>(b)</sup>* *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.* 

A summary of the Fund's transactions in AB mutual funds for the nine months ended July 31, 2025 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value**<br> **10/31/2024**<br> **(000)** | **Purchases**<br> **at Cost**<br> **(000)** | **Sales**<br> **Proceeds**<br> **(000)** | **Market Value**<br> **07/31/2025**<br> **(000)** | **Dividend**<br> **Income**<br> **(000)** |
| AB Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;51089 | $&nbsp;&nbsp;&nbsp;&nbsp;344480 | $&nbsp;&nbsp;&nbsp;&nbsp;310154 | $85415 | $1632 |
| AB Government Money Market Portfolio\* | 0 | 150737 | 139576 | 11161 | 400 |
| **Total** | $51089 | $495217 | $449730 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96576 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2032 |

---

*\** *Investments of cash collateral for securities lending transactions.*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AB RELATIVE VALUE FUND, INC.

- **b. Investment Company Act file number:** 811-00126

- **c. CIK number of Registrant:** 0000029292

- **d. LEI of Registrant:** 549300XP2A2MZMF2QT91

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** AB RELATIVE VALUE FUND, INC.

- **b. EDGAR series identifier (if any):** S000010080

- **c. LEI of Series:** 549300XP2A2MZMF2QT91

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1821448219.34

**Total Liabilities:** $12955988.90

**Net Assets:** $1808492230.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027913 | 2.78%                | 3.50%                | -0.92%               |
| Class ID C000027917 | 2.87%                | 3.57%                | -0.90%               |
| Class ID C000027911 | 2.80%                | 3.68%                | -0.93%               |
| Class ID C000027914 | 2.76%                | 3.63%                | -0.91%               |
| Class ID C000132087 | 2.72%                | 3.74%                | -0.90%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10964730.07             | $36669998.91                               |
| Month 2  | $14957319.15             | $48201938.30                               |
| Month 3  | $4678091.54              | $-22300865.13                              |

### Schedule of Portfolio Investments

| Name                                      | Title                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cisco Systems Inc                         | Cisco Systems Inc                                                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    281930 | NS      | $19193794.40  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                   | Zebra Technologies Corp                                          | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |     42051 | NS      | $14256130.02  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                             | Accenture PLC                                                    | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     96805 | NS      | $25856615.50  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                | Mondelez International Inc                                       | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    282800 | NS      | $18294332.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                    | Jones Lang LaSalle Inc                                           | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     37840 | NS      | $10230422.40  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                         | Johnson & Johnson                                                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    435896 | NS      | $71809507.04  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc           | Philip Morris International Inc                                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    253278 | NS      | $41550255.90  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                          | Wells Fargo & Co                                                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    510458 | NS      | $41158228.54  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                        | nVent Electric PLC                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    144738 | NS      | $11350353.96  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                     | Uber Technologies Inc                                            | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    187440 | NS      | $16447860.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Bernstein                        | AB Fixed Income Shares, Inc. - Government Money Market Portfolio | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |  85415192 | NS      | $85415191.74  | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                         | EOG Resources Inc                                                | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    391743 | NS      | $47016994.86  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                  | NIKE Inc                                                         | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    195894 | NS      | $14631322.86  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                  | Agilent Technologies Inc                                         | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    186870 | NS      | $21454544.70  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                             | Citigroup Inc                                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    423296 | NS      | $39662835.20  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Secured Lending Fund           | Blackstone Secured Lending Fund                                  | CUSIP: 09261X102<br>LEI: 549300KM7KWQHVBNH962 | Long             | EC               | CORP              | US        |    371384 | NS      | $11717165.20  | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Allegion plc                              | Allegion plc                                                     | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |    100843 | NS      | $16731870.56  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                              | Comcast Corp                                                     | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    539489 | NS      | $17927219.47  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                        | PPG Industries Inc                                               | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |    151820 | NS      | $16017010.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                | Casey's General Stores Inc                                       | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     43868 | NS      | $22817062.84  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                       | Paycom Software Inc                                              | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     31540 | NS      | $7302771.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                     | Texas Instruments Inc                                            | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    272950 | NS      | $49420327.00  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                      | MGIC Investment Corp                                             | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    294343 | NS      | $7623483.70   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                               | Phillips 66                                                      | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     90185 | NS      | $11145062.30  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc         | Allison Transmission Holdings Inc                                | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |    117245 | NS      | $10560257.15  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                                | ResMed Inc                                                       | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     48400 | NS      | $13161896.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                       | Elevance Health Inc                                              | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     41381 | NS      | $11714133.48  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                         | Lam Research Corp                                                | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     98917 | NS      | $9381288.28   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                | Fiserv Inc                                                       | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    168646 | NS      | $23431675.24  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                      | Generac Holdings Inc                                             | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |    137341 | NS      | $26738919.29  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                            | Lowe's Cos Inc                                                   | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     86590 | NS      | $19358926.30  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                  | United Therapeutics Corp                                         | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     34828 | NS      | $9567251.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                | Cactus Inc                                                       | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |    221000 | NS      | $9350510.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                              | Chevron Corp                                                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150741 | NS      | $22858365.24  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                        | Walt Disney Co/The                                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    268980 | NS      | $32038207.80  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                 | Dick's Sporting Goods Inc                                        | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |    134463 | NS      | $28440269.13  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                               | Walmart Inc                                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    575340 | NS      | $56371813.20  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                            | Public Storage                                                   | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |     55791 | NS      | $15171804.54  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                  | Nice Ltd                                                         | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     65830 | NS      | $10272771.50  | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| PACCAR Inc                                | PACCAR Inc                                                       | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |    111004 | NS      | $10962755.04  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                 | Axis Capital Holdings Ltd                                        | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |    304105 | NS      | $28537213.20  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                        | Steel Dynamics Inc                                               | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    128684 | NS      | $16414931.04  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                          | Carlisle Cos Inc                                                 | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     27570 | NS      | $9779354.70   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Berkshire Hathaway Inc                    | Berkshire Hathaway Inc                                           | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    142831 | NS      | $67399092.28  | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                          | Roche Holding AG                                                 | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    436874 | NS      | $16998767.34  | 0.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Mastercard Inc                            | Mastercard Inc                                                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     47070 | NS      | $26663742.90  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                  | AT&T Inc                                                         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1013580 | NS      | $27782227.80  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                            | MSA Safety Inc                                                   | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     36594 | NS      | $6508974.78   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                            | BorgWarner Inc                                                   | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    260708 | NS      | $9594054.40   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                              | Veralto Corp                                                     | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |    305468 | NS      | $32022210.44  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc            | GE HealthCare Technologies Inc                                   | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |    172951 | NS      | $12334865.32  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                  | CSX Corp                                                         | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    452950 | NS      | $16097843.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                       | Curtiss-Wright Corp                                              | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     19265 | NS      | $9444088.30   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                               | MetLife Inc                                                      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    339668 | NS      | $25797784.60  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                           | Ross Stores Inc                                                  | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |    172181 | NS      | $23509593.74  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                  | RTX Corp                                                         | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    366944 | NS      | $57819366.08  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                       | Landstar System Inc                                              | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     63990 | NS      | $8534346.30   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                               | Cencora Inc                                                      | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    108979 | NS      | $31176712.32  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Bernstein                        | AB Fixed Income Shares, Inc. - Government Money Market Portfolio | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |  11161160 | NS      | $11161160.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                            | Starbucks Corp                                                   | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     41214 | NS      | $3674640.24   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc            | JB Hunt Transport Services Inc                                   | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |    128270 | NS      | $18477293.50  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                           | Yum! Brands Inc                                                  | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     87220 | NS      | $12572763.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                           | Ulta Beauty Inc                                                  | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     43919 | NS      | $22618724.19  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                | CF Industries Holdings Inc                                       | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    178372 | NS      | $16558272.76  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                        | HCA Healthcare Inc                                               | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     42336 | NS      | $14986520.64  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                       | Otis Worldwide Corp                                              | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |    195940 | NS      | $16790098.60  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc              | MSC Industrial Direct Co Inc                                     | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |    158856 | NS      | $13760106.72  | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Electronic Arts Inc                       | Electronic Arts Inc                                              | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    143255 | NS      | $21844954.95  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc             | Regeneron Pharmaceuticals Inc                                    | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     62653 | NS      | $34174705.38  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd                        | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    122358 | NS      | $29564139.96  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                     | Quest Diagnostics Inc                                            | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |    162641 | NS      | $27227729.81  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                            | S&P Global Inc                                                   | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     72439 | NS      | $39921132.90  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                       | JPMorgan Chase & Co                                              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    269127 | NS      | $79726182.48  | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp  | Westinghouse Air Brake Technologies Corp                         | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |    115388 | NS      | $22160265.40  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                        | FTI Consulting Inc                                               | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |     34786 | NS      | $5786651.10   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                       | Gilead Sciences Inc                                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    286364 | NS      | $32155813.56  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                            | ConocoPhillips                                                   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    220096 | NS      | $20983952.64  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** AB RELATIVE VALUE FUND, INC.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller