# EDGAR Filing Document

**Accession Number:** 0001018592
**File Stem:** 0001752724-23-070281
**Filing Date:** 2023-3
**Character Count:** 65276
**Document Hash:** c7eceb303ad8f28601eb363d09907587
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-070281.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-070281

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB INSTITUTIONAL FUNDS INC
- **CENTRAL INDEX KEY:** 0001018592
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08403
- **FILM NUMBER:** 23770472

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OFTHE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN INSTITUTIONAL FUNDS INC
- **DATE OF NAME CHANGE:** 20030319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCE INSTITUTIONAL FUNDS INC
- **DATE OF NAME CHANGE:** 19970930

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCE INSTITUTIONAL FUNDS
- **DATE OF NAME CHANGE:** 19960711

## Series and Classes Contracts Data

### AB Global Real Estate Investment Fund II (Series ID: S000010313)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000028538 | Class I      | ARIIX           |

## Nport-Ex

**AB Institutional Funds, Inc.** 

**Global Real Estate Investment Fund II** 

**Portfolio of Investments** 

**January 31, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **COMMON STOCKS – 99.8%** | **COMMON STOCKS – 99.8%** | **COMMON STOCKS – 99.8%** |
|  **Real Estate – 95.4%** | **Real Estate – 95.4%** | **Real Estate – 95.4%** |
|  **Diversified Real Estate Activities – 6.4%** | **Diversified Real Estate Activities – 6.4%** | **Diversified Real Estate Activities – 6.4%** |
|  City Developments Ltd. | 187200 | $1188126 |
|  Daito Trust Construction Co., Ltd. | 7500 | 741139 |
|  Mitsui Fudosan Co., Ltd.<sup>(a)</sup> | 314300 | 5891127 |
|  Sun Hung Kai Properties Ltd. | 277000 | 3928309 |
|  Tokyu Fudosan Holdings Corp. | 147400 | 747942 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12496643 |
|  **Diversified REITs – 5.6%** | **Diversified REITs – 5.6%** | **Diversified REITs – 5.6%** |
|  Alexander & Baldwin, Inc. | 56250 | 1126125 |
|  Armada Hoffler Properties, Inc. | 156470 | 1984040 |
|  Charter Hall Long Wale REIT | 379990 | 1229732 |
|  Essential Properties Realty Trust, Inc. | 93260 | 2376265 |
|  ICADE | 30620 | 1454456 |
|  Merlin Properties Socimi SA | 163500 | 1597832 |
|  United Urban Investment Corp. | 1012 | 1151556 |
|  |  | 10920006 |
|  **Health Care REITs – 5.9%** | **Health Care REITs – 5.9%** | **Health Care REITs – 5.9%** |
|  Cofinimmo SA | 7860 | 714939 |
|  Medical Properties Trust, Inc.<sup>(a)</sup> | 178400 | 2310280 |
|  Physicians Realty Trust | 42520 | 674367 |
|  Ventas, Inc. | 80620 | 4176922 |
|  Welltower, Inc. | 47430 | 3559147 |
|  |  | 11435655 |
|  **Hotel & Resort REITs – 2.8%** | **Hotel & Resort REITs – 2.8%** | **Hotel & Resort REITs – 2.8%** |
|  Invincible Investment Corp. | 5767 | 2459460 |
|  Park Hotels & Resorts, Inc. | 112110 | 1649138 |
|  RLJ Lodging Trust | 116230 | 1461011 |
|  |  | 5569609 |
|  **Industrial REITs – 17.1%** | **Industrial REITs – 17.1%** | **Industrial REITs – 17.1%** |
|  Americold Realty Trust, Inc.<sup>(a)</sup> | 81606 | 2563244 |
|  CapitaLand Ascendas REIT | 530600 | 1167654 |
|  Centuria Industrial REIT<sup>(a)</sup> | 560120 | 1331789 |
|  Dream Industrial Real Estate Investment Trust | 197227 | 2075215 |
|  GLP J-Reit<sup>(a)</sup> | 586 | 663095 |
|  Mapletree Logistics Trust | 818425 | 1058053 |
|  Mitsui Fudosan Logistics Park, Inc.<sup>(a)</sup> | 324 | 1130781 |
|  Plymouth Industrial REIT, Inc. | 47548 | 1064124 |
|  Prologis, Inc. | 103872 | 13428572 |
|  Rexford Industrial Realty, Inc. | 43380 | 2753329 |
|  Segro PLC | 330375 | 3400745 |
|  STAG Industrial, Inc. | 79340 | 2824504 |
|  |  | 33461105 |
|  **Office REITs – 4.8%** | **Office REITs – 4.8%** | **Office REITs – 4.8%** |
|  Alexandria Real Estate Equities, Inc. | 6480 | 1041595 |
|  City Office REIT, Inc. | 167120 | 1644461 |
|  Cousins Properties, Inc. | 83072 | 2277834 |
|  Daiwa Office Investment Corp. | 416 | 1958945 |
|  Derwent London PLC | 40070 | 1278222 |
|  Kenedix Office Investment Corp. | 466 | 1107012 |
|  |  | 9308069 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Real Estate Development – 0.9%** | **Real Estate Development – 0.9%** | **Real Estate Development – 0.9%** |
|  CK Asset Holdings Ltd. | 204500 | $1307473 |
|  Instone Real Estate Group SE<sup>(b)</sup> | 51368 | 524169 |
|  |  | 1831642 |
|  **Real Estate Operating Companies – 6.5%** | **Real Estate Operating Companies – 6.5%** | **Real Estate Operating Companies – 6.5%** |
|  Azrieli Group Ltd. | 9160 | 590019 |
|  CA Immobilien Anlagen AG | 34550 | 1077556 |
|  Capitaland Investment Ltd./Singapore<sup>(a)</sup> | 342000 | 1036127 |
|  CTP NV<sup>(b)</sup> | 126807 | 1831457 |
|  Hongkong Land Holdings Ltd.<sup>(a)</sup> | 94300 | 461011 |
|  Hulic Co., Ltd.<sup>(a)</sup> | 108600 | 892669 |
|  Shurgard Self Storage SA | 15250 | 735876 |
|  TAG Immobilien AG | 60703 | 519851 |
|  Vonovia SE | 116062 | 3278508 |
|  Wihlborgs Fastigheter AB | 277990 | 2288725 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12711799 |
|  **Real Estate Services – 0.5%** | **Real Estate Services – 0.5%** | **Real Estate Services – 0.5%** |
|  Unibail-Rodamco-Westfield<sup>(c)</sup> | 13750 | 884492 |
|  **Residential REITs – 14.6%** | **Residential REITs – 14.6%** | **Residential REITs – 14.6%** |
|  American Homes 4 Rent - Class A | 90840 | 3114904 |
|  Equity LifeStyle Properties, Inc. | 30000 | 2153400 |
|  Equity Residential | 77560 | 4936694 |
|  Essex Property Trust, Inc. | 17540 | 3965268 |
|  Invitation Homes, Inc. | 67110 | 2181075 |
|  Kenedix Residential Next Investment Corp.<sup>(a)</sup> | 409 | 609600 |
|  Killam Apartment Real Estate Investment Trust | 174810 | 2417424 |
|  Sun Communities, Inc. | 29808 | 4675683 |
|  UDR, Inc. | 82230 | 3502176 |
|  UNITE Group PLC (The) | 79700 | 981834 |
|  |  | 28538058 |
|  **Retail REITs – 14.6%** | **Retail REITs – 14.6%** | **Retail REITs – 14.6%** |
|  AEON REIT Investment Corp.<sup>(a)</sup> | 1151 | 1272121 |
|  Brixmor Property Group, Inc. | 99460 | 2340294 |
|  CapitaLand Integrated Commercial Trust<sup>(a)</sup> | 1303284 | 2132346 |
|  Crombie Real Estate Investment Trust | 78340 | 972663 |
|  Frasers Centrepoint Trust | 341900 | 579654 |
|  Japan Metropolitan Fund Invest<sup>(a)</sup> | 943 | 729018 |
|  Kite Realty Group Trust | 92390 | 2004863 |
|  Link REIT | 356446 | 2853122 |
|  Mercialys SA | 65269 | 724865 |
|  NETSTREIT Corp. | 93889 | 1889986 |
|  Phillips Edison & Co., Inc. | 62490 | 2094665 |
|  Realty Income Corp. | 28960 | 1964357 |
|  Region Re Ltd. | 431260 | 827542 |
|  Simon Property Group, Inc. | 19000 | 2440740 |
|  SITE Centers Corp. | 189030 | 2580259 |
|  Spirit Realty Capital, Inc. | 59070 | 2591992 |
|  Waypoint REIT Ltd. | 251680 | 496955 |
|  |  | 28495442 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Specialized REITs – 15.7%** | **Specialized REITs – 15.7%** | **Specialized REITs – 15.7%** |
|  CubeSmart | 73660 | $3372891 |
|  Digital Realty Trust, Inc. | 12610 | 1445358 |
|  Equinix, Inc. | 12880 | 9507115 |
|  National Storage Affiliates Trust | 58510 | 2387208 |
|  Public Storage | 24110 | 7337638 |
|  Safestore Holdings PLC | 127731 | 1590467 |
|  VICI Properties, Inc. | 146340 | 5001901 |
|  |  | 30642578 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186295098 |
|  **Transportation – 1.2%** | **Transportation – 1.2%** | **Transportation – 1.2%** |
|  **Highways & Railtracks – 1.2%** | **Highways & Railtracks – 1.2%** | **Highways & Railtracks – 1.2%** |
|  Transurban Group<sup>(a)</sup> | 236720 | 2320835 |
|  **Telecommunication Services – 1.0%** | **Telecommunication Services – 1.0%** | **Telecommunication Services – 1.0%** |
|  **Integrated Telecommunication Services – 1.0%** | **Integrated Telecommunication Services – 1.0%** | **Integrated Telecommunication Services – 1.0%** |
|  Cellnex Telecom SA<sup>(b) (c)</sup> | 20460 | 801786 |
|  Infrastrutture Wireless Italiane SpA<sup>(b)</sup> | 95630 | 1047988 |
|  |  | 1849774 |
|  **Utilities – 0.7%** | **Utilities – 0.7%** | **Utilities – 0.7%** |
|  **Gas Utilities – 0.7%** | **Gas Utilities – 0.7%** | **Gas Utilities – 0.7%** |
|  APA Group<sup>(a)</sup> | 171200 | 1281245 |
|  **Consumer Durables & Apparel – 0.6%** | **Consumer Durables & Apparel – 0.6%** | **Consumer Durables & Apparel – 0.6%** |
|  **Homebuilding – 0.6%** | **Homebuilding – 0.6%** | **Homebuilding – 0.6%** |
|  PulteGroup, Inc. | 20620 | 1173072 |
|  **Consumer Services – 0.5%** | **Consumer Services – 0.5%** | **Consumer Services – 0.5%** |
|  **Hotels, Resorts & Cruise Lines – 0.5%** | **Hotels, Resorts & Cruise Lines – 0.5%** | **Hotels, Resorts & Cruise Lines – 0.5%** |
|  Hyatt Hotels Corp. - Class A<sup>(c)</sup> | 9650 | 1053008 |
|  **Materials – 0.4%** | **Materials – 0.4%** | **Materials – 0.4%** |
|  **Construction Materials – 0.4%** | **Construction Materials – 0.4%** | **Construction Materials – 0.4%** |
|  GCC SAB de CV | 93980 | 745931 |
|  Total Common Stocks <br>(cost $185,167,550) |  | 194718963 |
|  **SHORT-TERM INVESTMENTS – 0.1%** | **SHORT-TERM INVESTMENTS – 0.1%** | **SHORT-TERM INVESTMENTS – 0.1%** |
|  **Investment Companies – 0.1%** | **Investment Companies – 0.1%** | **Investment Companies – 0.1%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.15%<sup>(d) (e) (f)</sup> <br>(cost $273,497) | 273497 | 273497 |
|  **Total Investments – 99.9%** <br> (cost $185,441,047)<sup>(g)</sup> | **Total Investments – 99.9%** <br> (cost $185,441,047)<sup>(g)</sup> | 194992460 |
|  Other assets less liabilities – 0.1% |  | 220360 |
|  **Net Assets – 100.0%** |  | $**195212820** |

---

------

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver<br>(000)** | **Contracts to<br>Deliver<br>(000)** | **In Exchange<br>For<br>(000)** | **In Exchange<br>For<br>(000)** | **Settlement<br>Date** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)** |
| Bank of America, NA | USD | 543 | SEK | 5694 | 02/03/2023 | $1195 |
| Bank of America, NA | USD | 535 | JPY | 70719 | 02/09/2023 | 8669 |
| Bank of America, NA | USD | 1591 | CHF | 1474 | 03/01/2023 | 23587 |
| Citibank, NA | JPY | 77439 | USD | 587 | 02/09/2023 | (8551) |
| Citibank, NA | USD | 1114 | JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153858 | 02/09/2023 | 69383 |
| Goldman Sachs Bank USA | JPY | 83115 | USD | 650 | 02/09/2023 | 10516 |
| Morgan Stanley & Co., Inc. | NZD | 1101 | USD | 711 | 02/02/2023 | (605) |
| Morgan Stanley & Co., Inc. | USD | 679 | NZD | 1101 | 02/02/2023 | 32581 |
| Morgan Stanley & Co., Inc. | USD | 711 | NZD | 1101 | 04/20/2023 | 588 |
| Natwest Markets PLC | USD | 568 | NOK | 5652 | 02/03/2023 | (2025) |
| State Street Bank & Trust Co. | USD | 544 | SEK | 5804 | 02/03/2023 | 11143 |
| State Street Bank & Trust Co. | JPY | 63118 | USD | 481 | 02/09/2023 | (4659) |
| State Street Bank & Trust Co. | USD | 508 | JPY | 66846 | 02/09/2023 | 5794 |
| State Street Bank & Trust Co. | USD | 599 | JPY | 77374 | 02/09/2023 | (3656) |
| State Street Bank & Trust Co. | EUR | 353 | USD | 386 | 02/27/2023 | 1586 |
| State Street Bank & Trust Co. | EUR | 549 | USD | 580 | 02/27/2023 | (17601) |
| State Street Bank & Trust Co. | CHF | 406 | USD | 444 | 03/01/2023 | (1045) |
| State Street Bank & Trust Co. | SGD | 609 | USD | 453 | 03/02/2023 | (10824) |
| State Street Bank & Trust Co. | USD | 450 | SGD | 609 | 03/02/2023 | 13500 |
| State Street Bank & Trust Co. | MXN | 6716 | USD | 353 | 03/16/2023 | (868) |
| State Street Bank & Trust Co. | USD | 612 | CAD | 820 | 03/30/2023 | 4067 |
| State Street Bank & Trust Co. | AUD | 664 | USD | 463 | 04/13/2023 | (7028) |
| State Street Bank & Trust Co. | USD | 890 | AUD | 1250 | 04/13/2023 | (5493) |
| UBS AG | JPY | 67751 | USD | 499 | 02/09/2023 | (21499) |
| UBS AG | EUR | 3528 | USD | 3724 | 02/27/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(117500) |
|  |  |  |  |  |  | $(18745) |

---

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

*(b)* *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 January 31, 2023, the aggregate market value of these securities amounted to $4,205,400 or 2.2% of net assets.* 

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

*(d)* *Affiliated investments.* 

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

*(f)* *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.* 

*(g)* *As of January 31, 2023, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $21,696,723 and gross unrealized depreciation of investments was $(12,164,055), resulting in net unrealized appreciation of $9,532,668.* 

 *Please note: The sector classifications presented herein are based on the sector categorization methodology of the Adviser.* 

------

---

| |
|:---|
| *Currency Abbreviations:* |
| *AUD – Australian Dollar* |
| *CAD – Canadian Dollar* |
| *CHF – Swiss Franc* |
| *EUR – Euro* |
| *JPY – Japanese Yen* |
| *MXN – Mexican Peso* |
| *NOK – Norwegian Krone* |
| *NZD – New Zealand Dollar* |
| *SEK – Swedish Krona* |
| *SGD – Singapore Dollar* |
| *USD – United States Dollar* |
| *Glossary:* |
| *REIT – Real Estate Investment Trust* |

---

**COUNTRY BREAKDOWN<sup>1</sup>** 

**January 31, 2023 (unaudited)** 

61.9 % United States

9.9 % Japan

4.4 % Hong Kong

3.8 % Australia

3.7 % United Kingdom

3.7 % Singapore

2.8 % Canada

2.2 % Germany

1.6 % France

1.2 % Spain

1.2 % Sweden

0.9 % Netherlands

0.8 % Belgium

1.8 % Other

0.1 % Short-Term Investments

100.0 % Total Investments

<sup>1</sup> The Fund's country breakdown is expressed as a percentage of total investments (excluding security lending collateral) and may vary over time. The Portfolio also enters into derivative transactions, which may be used for hedging or investment purposes (see "Portfolio of Investments" section of the report for additional details). "Other" country weightings represent 0.6% or less in the following: Austria, Israel, Italy and Mexico. 

------

**AB Institutional Funds, Inc.** 

**Global Real Estate Investment Fund II** 

**January 31, 2023 (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)

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.

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 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 January 31, 2023:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate | $124753219 | $61541879 | $&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;— | $186295098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation |  | 2320835 |  | 2320835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Services |  | 1849774 |  | 1849774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities |  | 1281245 |  | 1281245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Durables & Apparel | 1173072 |  |  | 1173072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Services | 1053008 |  |  | 1053008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 745931 |  |  | 745931 |
| Short-Term Investments | 273497 |  |  | 273497 |
| Total Investments in Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127998727 | 66993733 <sup>(a)</sup> |  | 194992460 |
| **Other Financial Instruments<sup>(b)</sup>:** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Forward Currency Exchange Contracts |  | 182609 |  | 182609 |
| **Liabilities:** |  |  |  |  |
| Forward Currency Exchange Contracts |  | (201354) |  | (201354) |
| **Total** | $**127998727** | $**66974988** | $**—** | $**194973715** |

---

*<sup>(a)</sup>* *A significant portion of the Fund's foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.* 

*<sup>(b)</sup>* *Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Fund's transactions in AB mutual funds for the three months ended January 31, 2023 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value**<br> **10/31/2022**<br> **(000)** | **Purchases**<br> **at Cost**<br> **(000)** | **Sales**<br> **Proceeds**<br> **(000)** | **Market Value**<br> **01/31/2023**<br> **(000)** | **Dividend**<br> **Income**<br> **(000)** |
| Government Money Market Portfolio | $207 | $9927 | $9861 | $273 | $7 |
| Government Money Market Portfolio\* | 614 | 3143 | 3757 | 0 | 3 |
| **Total** | $&nbsp;&nbsp;&nbsp;&nbsp;821 | $&nbsp;&nbsp;&nbsp;&nbsp;13070 | $&nbsp;&nbsp;&nbsp;&nbsp;13618 | $&nbsp;&nbsp;&nbsp;&nbsp;273 | $&nbsp;&nbsp;&nbsp;&nbsp;10 |

---

*\** *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 INSTITUTIONAL FUNDS INC

- **b. Investment Company Act file number:** 811-08403

- **c. CIK number of Registrant:** 0001018592

- **d. LEI of Registrant:** 549300FWYIYXMGTN1H26

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

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

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

- **a. Name of Series:** AB Global Real Estate Investment Fund II

- **b. EDGAR series identifier (if any):** S000010313

- **c. LEI of Series:** 549300FWYIYXMGTN1H26

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $195970563.77

**Total Liabilities:** $437248.23

**Net Assets:** $195533315.54

**Cash Not Reported:** $285938.52

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028538 | 8.26%                | -3.13%               | 9.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1723526.13             | $15756231.95                               |
| Month 2  | $-1308951.06             | $-5686161.25                               |
| Month 3  | $206935.12               | $16853920.17                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Citibank N.A.                                 | PURCHASED JPY / SOLD USD                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | JP        |         1 | NC      | $69382.88     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Centuria Industrial REIT                      | Centuria Industrial REIT                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    560120 | NS      | $1331789.15   | 0.68%             |  |  |  | No            |                  2 | On Loan: —       |
| Hyatt Hotels Corp                             | Hyatt Hotels Corp                                                | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |      9650 | NS      | $1053008.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                            | Equity Residential                                               | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |     77560 | NS      | $4936694.00   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AEON REIT Investment Corp                     | AEON REIT Investment Corp                                        | CUSIP: 000000000<br>LEI: 353800P59F8MJB4FE788 | Long             | EC               |  | JP        |      1151 | NS      | $1272120.56   | 0.65%             |  |  |  | No            |                  2 | On Loan: —       |
| Derwent London PLC                            | Derwent London PLC                                               | CUSIP: 000000000<br>LEI: 213800BXKQ9KZNUR1M61 | Long             | EC               |  | GB        |     40070 | NS      | $1278221.89   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Wihlborgs Fastigheter AB                      | Wihlborgs Fastigheter AB                                         | CUSIP: 000000000<br>LEI: 549300RC1YDJPITF8X06 | Long             | EC               | CORP              | SE        |    277990 | NS      | $2288724.85   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Welltower Inc                                 | Welltower Inc                                                    | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |     47430 | NS      | $3559147.20   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenedix Residential Next Investment Corp      | Kenedix Residential Next Investment Corp                         | CUSIP: 000000000<br>LEI: 353800CYD58GUMFQME07 | Long             | EC               |  | JP        |       409 | NS      | $609600.15    | 0.31%             |  |  |  | No            |                  2 | On Loan: —       |
| Realty Income Corp                            | Realty Income Corp                                               | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |     28960 | NS      | $1964356.80   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc         | Essential Properties Realty Trust Inc                            | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |     93260 | NS      | $2376264.80   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED AUD / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | AU        |         1 | NC      | $-2917.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UDR Inc                                       | UDR Inc                                                          | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |     82230 | NS      | $3502175.70   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank N.A.                                 | PURCHASED USD / SOLD JPY                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-8551.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ventas Inc                                    | Ventas Inc                                                       | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |     80620 | NS      | $4176922.20   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED USD / SOLD EUR                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2728.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED USD / SOLD JPY                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-4658.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Alliance Bernstein                            | AB Fixed Income Shares, Inc. - Government Money Market Portfolio | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |    273497 | NS      | $273497.19    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenedix Office Investment Corp                | Kenedix Office Investment Corp                                   | CUSIP: 000000000<br>LEI: 353800FFT483NCIHFY42 | Long             | EC               |  | JP        |       466 | NS      | $1107012.16   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Americold Realty Trust Inc                    | Americold Realty Trust Inc                                       | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               |  | US        |     81606 | NS      | $2563244.46   | 1.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Mitsui Fudosan Co Ltd                         | Mitsui Fudosan Co Ltd                                            | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    314300 | NS      | $5891126.74   | 3.01%             |  |  |  | No            |                  2 | On Loan: —       |
| TAG Immobilien AG                             | TAG Immobilien AG                                                | CUSIP: 000000000<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |     60703 | NS      | $519850.95    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                      | PURCHASED NZD / SOLD USD                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | NZ        |         1 | NC      | $32580.65     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapletree Logistics Trust                     | Mapletree Logistics Trust                                        | CUSIP: 000000000<br>LEI: 549300M9EBZIYH387075 | Long             | EC               |  | SG        |    818425 | NS      | $1058053.21   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| United Urban Investment Corp                  | United Urban Investment Corp                                     | CUSIP: 000000000<br>LEI: 353800GYZWBD7BDCN841 | Long             | EC               |  | JP        |      1012 | NS      | $1151556.42   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| CTP NV                                        | CTP NV                                                           | CUSIP: 000000000<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |    126807 | NS      | $1831457.33   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| CubeSmart                                     | CubeSmart                                                        | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |     73660 | NS      | $3372891.40   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                           | Sun Communities Inc                                              | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |     29808 | NS      | $4675682.88   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                             | RLJ Lodging Trust                                                | CUSIP: 74965L101<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | EC               |  | US        |    116230 | NS      | $1461011.10   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA                   | Merlin Properties Socimi SA                                      | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |    163500 | NS      | $1597832.49   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Killam Apartment Real Estate Investment Trust | Killam Apartment Real Estate Investment Trust                    | CUSIP: 49410M102<br>LEI: N/A                  | Long             | EC               |  | CA        |    174810 | NS      | $2417424.37   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| GCC SAB de CV                                 | GCC SAB de CV                                                    | CUSIP: 000000000<br>LEI: 254900WY9XL8033CKX68 | Long             | EC               | CORP              | MX        |     93980 | NS      | $745930.85    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                  | Prologis Inc                                                     | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    103872 | NS      | $13428572.16  | 6.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Daito Trust Construction Co Ltd               | Daito Trust Construction Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800QQ4DRI3KXS3038 | Long             | EC               | CORP              | JP        |      7500 | NS      | $741139.11    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Phillips Edison & Co Inc                      | Phillips Edison & Co Inc                                         | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               |  | US        |     62490 | NS      | $2094664.80   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CA Immobilien Anlagen AG                      | CA Immobilien Anlagen AG                                         | CUSIP: 000000000<br>LEI: 5299003ICAPV07J0R180 | Long             | EC               | CORP              | AT        |     34550 | NS      | $1077555.58   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                         | American Homes 4 Rent                                            | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |     90840 | NS      | $3114903.60   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Hall Long Wale REIT                   | Charter Hall Long Wale REIT                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    379990 | NS      | $1229732.46   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield                     | Unibail-Rodamco-Westfield                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |     13750 | NS      | $884491.91    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Bank USA                        | PURCHASED USD / SOLD JPY                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |         1 | NC      | $10516.21     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Physicians Realty Trust                       | Physicians Realty Trust                                          | CUSIP: 71943U104<br>LEI: 549300ITOVH0OY7PZC34 | Long             | EC               |  | US        |     42520 | NS      | $674367.20    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Azrieli Group Ltd                             | Azrieli Group Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      9160 | NS      | $590019.43    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| APA Group                                     | APA Group                                                        | CUSIP: 000000000<br>LEI: 549300T9RBSX164T8H40 | Long             | EC               | CORP              | AU        |    171200 | NS      | $1281245.30   | 0.66%             |  |  |  | No            |                  2 | On Loan: —       |
| Shurgard Self Storage SA                      | Shurgard Self Storage SA                                         | CUSIP: 000000000<br>LEI: 549300J0UEIKU81XO336 | Long             | EC               | CORP              | LU        |     15250 | NS      | $735875.67    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Kite Realty Group Trust                       | Kite Realty Group Trust                                          | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               |  | US        |     92390 | NS      | $2004863.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc           | Alexandria Real Estate Equities Inc                              | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |      6480 | NS      | $1041595.20   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland Investment Ltd/Singapore           | Capitaland Investment Ltd/Singapore                              | CUSIP: 000000000<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |    342000 | NS      | $1036126.72   | 0.53%             |  |  |  | No            |                  2 | On Loan: —       |
| UBS AG                                        | PURCHASED USD / SOLD EUR                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-117499.85   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Safestore Holdings PLC                        | Safestore Holdings PLC                                           | CUSIP: 000000000<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               |  | GB        |    127731 | NS      | $1590466.99   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED JPY / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |         1 | NC      | $5794.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                        | PURCHASED USD / SOLD JPY                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-21498.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Cofinimmo SA                                  | Cofinimmo SA                                                     | CUSIP: 000000000<br>LEI: 549300TM914CSF6KI389 | Long             | EC               |  | BE        |      7860 | NS      | $714938.65    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu Fudosan Holdings Corp                   | Tokyu Fudosan Holdings Corp                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    147400 | NS      | $747941.74    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| GLP J-Reit                                    | GLP J-Reit                                                       | CUSIP: 000000000<br>LEI: 353800E27V9KA51K2I90 | Long             | EC               |  | JP        |       586 | NS      | $663094.52    | 0.34%             |  |  |  | No            |                  2 | On Loan: —       |
| Brixmor Property Group Inc                    | Brixmor Property Group Inc                                       | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |     99460 | NS      | $2340293.80   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd                   | Sun Hung Kai Properties Ltd                                      | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    277000 | NS      | $3928308.82   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Ascendas REIT                      | CapitaLand Ascendas REIT                                         | CUSIP: 000000000<br>LEI: 549300ILIBAEMQZK3L20 | Long             | EC               |  | SG        |    530600 | NS      | $1167654.40   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Storage                                | Public Storage                                                   | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |     24110 | NS      | $7337637.40   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                            | Cellnex Telecom SA                                               | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     20460 | NS      | $801786.17    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED SGD / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | SG        |         1 | NC      | $13499.69     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Plymouth Industrial REIT Inc                  | Plymouth Industrial REIT Inc                                     | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               |  | US        |     47548 | NS      | $1064124.24   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America N.A.                          | PURCHASED SEK / SOLD USD                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | SE        |         1 | NC      | $1195.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Link REIT                                     | Link REIT                                                        | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |    356446 | NS      | $2853122.18   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| ICADE                                         | ICADE                                                            | CUSIP: 000000000<br>LEI: 969500UDH342QLTE1M42 | Long             | EC               |  | FR        |     30620 | NS      | $1454455.59   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| City Developments Ltd                         | City Developments Ltd                                            | CUSIP: 000000000<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |    187200 | NS      | $1188126.12   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Alexander & Baldwin Inc                       | Alexander & Baldwin Inc                                          | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               |  | US        |     56250 | NS      | $1126125.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Waypoint REIT Ltd                             | Waypoint REIT Ltd                                                | CUSIP: 000000000<br>LEI: 5493003CS5K82RREKA54 | Long             | EC               |  | AU        |    251680 | NS      | $496954.72    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Metropolitan Fund Invest                | Japan Metropolitan Fund Invest                                   | CUSIP: 000000000<br>LEI: 353800QDHNIP60E1LQ93 | Long             | EC               |  | JP        |       943 | NS      | $729018.24    | 0.37%             |  |  |  | No            |                  2 | On Loan: —       |
| Essex Property Trust Inc                      | Essex Property Trust Inc                                         | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     17540 | NS      | $3965267.80   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED JPY / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |         1 | NC      | $-3656.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Spirit Realty Capital Inc                     | Spirit Realty Capital Inc                                        | CUSIP: 84860W300<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EC               |  | US        |     59070 | NS      | $2591991.60   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust        | CapitaLand Integrated Commercial Trust                           | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               |  | SG        |   1303284 | NS      | $2132346.42   | 1.09%             |  |  |  | No            |                  2 | On Loan: —       |
| Crombie Real Estate Investment Trust          | Crombie Real Estate Investment Trust                             | CUSIP: 227107109<br>LEI: 549300OGQML2MCFAPT83 | Long             | EC               |  | CA        |     78340 | NS      | $972663.03    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED USD / SOLD AUD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-7028.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED SEK / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | SE        |         1 | NC      | $11143.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Logistics Park Inc             | Mitsui Fudosan Logistics Park Inc                                | CUSIP: 000000000<br>LEI: 353800DN63EIYS760S59 | Long             | EC               |  | JP        |       324 | NS      | $1130780.54   | 0.58%             |  |  |  | No            |                  2 | On Loan: —       |
| State Street Bank & Trust Co.                 | PURCHASED USD / SOLD CHF                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1044.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SITE Centers Corp                             | SITE Centers Corp                                                | CUSIP: 82981J109<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               |  | US        |    189030 | NS      | $2580259.50   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED AUD / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | AU        |         1 | NC      | $-2574.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa Office Investment Corp                  | Daiwa Office Investment Corp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |       416 | NS      | $1958944.87   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| National Storage Affiliates Trust             | National Storage Affiliates Trust                                | CUSIP: 637870106<br>LEI: N/A                  | Long             | EC               |  | US        |     58510 | NS      | $2387208.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED USD / SOLD MXN                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-868.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITE Group PLC/The                           | UNITE Group PLC/The                                              | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               |  | GB        |     79700 | NS      | $981834.50    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI Properties Inc                           | VICI Properties Inc                                              | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |    146340 | NS      | $5001901.20   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp                                | NETSTREIT Corp                                                   | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               |  | US        |     93889 | NS      | $1889985.57   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                      | Simon Property Group Inc                                         | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |     19000 | NS      | $2440740.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Instone Real Estate Group SE                  | Instone Real Estate Group SE                                     | CUSIP: 000000000<br>LEI: 391200DINUIRPDZQHX03 | Long             | EC               | CORP              | DE        |     51368 | NS      | $524169.48    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED USD / SOLD EUR                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-14872.61    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA          | Infrastrutture Wireless Italiane SpA                             | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |     95630 | NS      | $1047987.89   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| PulteGroup Inc                                | PulteGroup Inc                                                   | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20620 | NS      | $1173071.80   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America N.A.                          | PURCHASED CHF / SOLD USD                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | CH        |         1 | NC      | $23587.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED USD / SOLD EUR                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $1586.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hulic Co Ltd                                  | Hulic Co Ltd                                                     | CUSIP: 000000000<br>LEI: 3538002E12E7IHAKTB10 | Long             | EC               | CORP              | JP        |    108600 | NS      | $892668.90    | 0.46%             |  |  |  | No            |                  2 | On Loan: —       |
| Transurban Group                              | Transurban Group                                                 | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |    236720 | NS      | $2320835.37   | 1.19%             |  |  |  | No            |                  2 | On Loan: —       |
| Frasers Centrepoint Trust                     | Frasers Centrepoint Trust                                        | CUSIP: 000000000<br>LEI: 5493002RGQ266FKERZ83 | Long             | EC               |  | SG        |    341900 | NS      | $579653.74    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Armada Hoffler Properties Inc                 | Armada Hoffler Properties Inc                                    | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               |  | US        |    156470 | NS      | $1984039.60   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hongkong Land Holdings Ltd                    | Hongkong Land Holdings Ltd                                       | CUSIP: 000000000<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | BM        |     94300 | NS      | $461011.29    | 0.24%             |  |  |  | No            |                  2 | On Loan: —       |
| Medical Properties Trust Inc                  | Medical Properties Trust Inc                                     | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               |  | US        |    178400 | NS      | $2310280.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America N.A.                          | PURCHASED JPY / SOLD USD                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | JP        |         1 | NC      | $8669.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                    | Vonovia SE                                                       | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    116062 | NS      | $3278508.23   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Realty Trust Inc                      | Digital Realty Trust Inc                                         | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |     12610 | NS      | $1445358.20   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                           | STAG Industrial Inc                                              | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |     79340 | NS      | $2824504.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Invincible Investment Corp                    | Invincible Investment Corp                                       | CUSIP: 000000000<br>LEI: 353800JY6M2692VAV685 | Long             | EC               |  | JP        |      5767 | NS      | $2459459.82   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro PLC                                     | Segro PLC                                                        | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |    330375 | NS      | $3400744.65   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED USD / SOLD SGD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-10823.73    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd                         | CK Asset Holdings Ltd                                            | CUSIP: 000000000<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | KY        |    204500 | NS      | $1307472.61   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty Inc                 | Rexford Industrial Realty Inc                                    | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |     43380 | NS      | $2753328.60   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Industrial Real Estate Investment Trust | Dream Industrial Real Estate Investment Trust                    | CUSIP: 26153W109<br>LEI: 549300QOI0TM3CBYUH79 | Long             | EC               |  | CA        |    197227 | NS      | $2075215.51   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercialys SA                                  | Mercialys SA                                                     | CUSIP: 000000000<br>LEI: 969500081CGAXB7YS433 | Long             | EC               |  | FR        |     65269 | NS      | $724865.19    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| City Office REIT Inc                          | City Office REIT Inc                                             | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               |  | US        |    167120 | NS      | $1644460.80   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                   | Equinix Inc                                                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     12880 | NS      | $9507114.40   | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Markets PLC                           | PURCHASED NOK / SOLD USD                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | NO        |         1 | NC      | $-2024.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cousins Properties Inc                        | Cousins Properties Inc                                           | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               |  | US        |     83072 | NS      | $2277834.24   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc               | Equity LifeStyle Properties Inc                                  | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     30000 | NS      | $2153400.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Region RE Ltd                                 | Region RE Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    431260 | NS      | $827542.37    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Park Hotels & Resorts Inc                     | Park Hotels & Resorts Inc                                        | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               |  | US        |    112110 | NS      | $1649138.10   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                          | Invitation Homes Inc                                             | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |     67110 | NS      | $2181075.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED CAD / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CA        |         1 | NC      | $4066.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** AB INSTITUTIONAL FUNDS INC

**Signature:** Joseph Mantineo

**Name of Signer:** Joseph Mantineo

**Title:** Treasuer and Chief Financial Officer