# EDGAR Filing Document

**Accession Number:** 0000029292
**File Stem:** 0001752724-23-070272
**Filing Date:** 2023-3
**Character Count:** 49608
**Document Hash:** 56b23a41f9d7d0ffce050416090bf610
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-070272.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-070272

**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 RELATIVE VALUE FUND, INC.
- **CENTRAL INDEX KEY:** 0000029292
- **IRS NUMBER:** 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:** 23770465

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE 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:** 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           |
| C000027915 | Class R       | CBBRX           |
| C000027916 | Class K       | CBBKX           |
| C000027917 | Class I       | CBBIX           |
| C000132087 | Class Z       | CBBZX           |

## Nport-Ex

**AB Relative Value Fund, Inc.** 

**Portfolio of Investments** 

**January 31, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **COMMON STOCKS – 92.2%** | **COMMON STOCKS – 92.2%** | **COMMON STOCKS – 92.2%** |
|  **Health Care – 18.8%** | **Health Care – 18.8%** | **Health Care – 18.8%** |
|  **Biotechnology – 6.3%** | **Biotechnology – 6.3%** | **Biotechnology – 6.3%** |
|  Amgen, Inc. | 200810 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50684444 |
|  Gilead Sciences, Inc.<sup>(a)</sup> | 441860 | 37089729 |
|  Regeneron Pharmaceuticals, Inc.<sup>(b)</sup> | 48030 | 36429314 |
|  |  | 124203487 |
|  **Health Care Providers & Services – 7.7%** | **Health Care Providers & Services – 7.7%** | **Health Care Providers & Services – 7.7%** |
|  Cigna Corp. | 137142 | 43428757 |
|  Elevance Health, Inc. | 162420 | 81208376 |
|  Quest Diagnostics, Inc. | 180400 | 26785792 |
|  |  | 151422925 |
|  **Life Sciences Tools & Services – 1.1%** | **Life Sciences Tools & Services – 1.1%** | **Life Sciences Tools & Services – 1.1%** |
|  PerkinElmer, Inc. | 155840 | 21432675 |
|  **Pharmaceuticals – 3.7%** | **Pharmaceuticals – 3.7%** | **Pharmaceuticals – 3.7%** |
|  Pfizer, Inc. | 283530 | 12520685 |
|  Roche Holding AG (Sponsored ADR)<sup>(a)</sup> | 1580010 | 61857391 |
|  |  | 74378076 |
|  |  | 371437163 |
|  **Financials – 17.5%** | **Financials – 17.5%** | **Financials – 17.5%** |
|  **Banks – 8.4%** | **Banks – 8.4%** | **Banks – 8.4%** |
|  Bank OZK | 457870 | 20910923 |
|  JPMorgan Chase & Co. | 552950 | 77390882 |
|  Wells Fargo & Co. | 1450085 | 67965484 |
|  |  | 166267289 |
|  **Capital Markets – 2.8%** | **Capital Markets – 2.8%** | **Capital Markets – 2.8%** |
|  Goldman Sachs Group, Inc. (The) | 59800 | 21875438 |
|  Houlihan Lokey, Inc. | 165330 | 16379243 |
|  Nasdaq, Inc. | 269400 | 16215186 |
|  |  | 54469867 |
|  **Diversified Financial Services – 3.5%** | **Diversified Financial Services – 3.5%** | **Diversified Financial Services – 3.5%** |
|  Berkshire Hathaway, Inc. - Class B<sup>(a) (b)</sup> | 222350 | 69266472 |
|  **Insurance – 2.8%** | **Insurance – 2.8%** | **Insurance – 2.8%** |
|  American International Group, Inc. | 331760 | 20973867 |
|  Axis Capital Holdings Ltd. | 302960 | 18956207 |
|  MetLife, Inc. | 207970 | 15185970 |
|  |  | 55116044 |
|  |  | 345119672 |
|  **Information Technology – 14.5%** | **Information Technology – 14.5%** | **Information Technology – 14.5%** |
|  **Communications Equipment – 1.7%** | **Communications Equipment – 1.7%** | **Communications Equipment – 1.7%** |
|  Cisco Systems, Inc. | 677870 | 32991933 |
|  **Electronic Equipment, Instruments & Components – 3.0%** | **Electronic Equipment, Instruments & Components – 3.0%** | **Electronic Equipment, Instruments & Components – 3.0%** |
|  IPG Photonics Corp.<sup>(b)</sup> | 151930 | 17031353 |
|  Keysight Technologies, Inc.<sup>(b)</sup> | 146330 | 26244286 |
|  Littelfuse, Inc. | 31910 | 8190978 |
|  Zebra Technologies Corp. - Class A<sup>(a) (b)</sup> | 24630 | 7787513 |
|  |  | 59254130 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **IT Services – 8.2%** | **IT Services – 8.2%** | **IT Services – 8.2%** |
|  Accenture PLC - Class A | 97560 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27224118 |
|  FleetCor Technologies, Inc.<sup>(b)</sup> | 77460 | 16174423 |
|  Mastercard, Inc. - Class A | 172530 | 63939618 |
|  Maximus, Inc. | 243050 | 18192292 |
|  PayPal Holdings, Inc.<sup>(b)</sup> | 457530 | 37284120 |
|  |  | 162814571 |
|  **Semiconductors & Semiconductor Equipment – 1.6%** | **Semiconductors & Semiconductor Equipment – 1.6%** | **Semiconductors & Semiconductor Equipment – 1.6%** |
|  NXP Semiconductors NV | 84610 | 15594469 |
|  Taiwan Semiconductor Manufacturing Co., Ltd. (Sponsored ADR) | 164970 | 15297668 |
|  |  | 30892137 |
|  |  | 285952771 |
|  **Industrials – 14.4%** | **Industrials – 14.4%** | **Industrials – 14.4%** |
|  **Aerospace & Defense – 3.3%** | **Aerospace & Defense – 3.3%** | **Aerospace & Defense – 3.3%** |
|  Curtiss-Wright Corp. | 76529 | 12688508 |
|  Raytheon Technologies Corp. | 248495 | 24812226 |
|  Textron, Inc. | 377818 | 27524041 |
|  |  | 65024775 |
|  **Air Freight & Logistics – 0.4%** | **Air Freight & Logistics – 0.4%** | **Air Freight & Logistics – 0.4%** |
|  Expeditors International of Washington, Inc. | 65810 | 7117352 |
|  **Airlines – 1.7%** | **Airlines – 1.7%** | **Airlines – 1.7%** |
|  Alaska Air Group, Inc.<sup>(b)</sup> | 338560 | 17381670 |
|  Southwest Airlines Co.<sup>(a)</sup> | 465510 | 16651293 |
|  |  | 34032963 |
|  **Building Products – 1.0%** | **Building Products – 1.0%** | **Building Products – 1.0%** |
|  Builders FirstSource, Inc.<sup>(a) (b)</sup> | 243834 | 19433570 |
|  **Construction & Engineering – 0.6%** | **Construction & Engineering – 0.6%** | **Construction & Engineering – 0.6%** |
|  EMCOR Group, Inc. | 86220 | 12782115 |
|  **Electrical Equipment – 1.8%** | **Electrical Equipment – 1.8%** | **Electrical Equipment – 1.8%** |
|  Acuity Brands, Inc. | 59984 | 11308184 |
|  Emerson Electric Co. | 260081 | 23464508 |
|  |  | 34772692 |
|  **Machinery – 2.7%** | **Machinery – 2.7%** | **Machinery – 2.7%** |
|  Middleby Corp. (The)<sup>(b)</sup> | 52460 | 8154907 |
|  PACCAR, Inc. | 296930 | 32457418 |
|  Westinghouse Air Brake Technologies Corp. | 113990 | 11833302 |
|  |  | 52445627 |
|  **Professional Services – 1.0%** | **Professional Services – 1.0%** | **Professional Services – 1.0%** |
|  Robert Half International, Inc. | 228400 | 19176464 |
|  **Road & Rail – 1.4%** | **Road & Rail – 1.4%** | **Road & Rail – 1.4%** |
|  Knight-Swift Transportation Holdings, Inc. | 476614 | 28167887 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Trading Companies & Distributors – 0.5%** | **Trading Companies & Distributors – 0.5%** | **Trading Companies & Distributors – 0.5%** |
|  MSC Industrial Direct Co., Inc. - Class A | 132977 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10997198 |
|  |  | 283950643 |
|  **Consumer Discretionary – 9.0%** | **Consumer Discretionary – 9.0%** | **Consumer Discretionary – 9.0%** |
|  **Auto Components – 1.0%** | **Auto Components – 1.0%** | **Auto Components – 1.0%** |
|  BorgWarner, Inc. | 405940 | 19192843 |
|  **Distributors – 1.4%** | **Distributors – 1.4%** | **Distributors – 1.4%** |
|  LKQ Corp. | 464090 | 27362746 |
|  **Hotels, Restaurants & Leisure – 1.7%** | **Hotels, Restaurants & Leisure – 1.7%** | **Hotels, Restaurants & Leisure – 1.7%** |
|  Booking Holdings, Inc.<sup>(b)</sup> | 7230 | 17598543 |
|  Choice Hotels International, Inc.<sup>(a)</sup> | 130659 | 16056685 |
|  |  | 33655228 |
|  **Household Durables – 0.7%** | **Household Durables – 0.7%** | **Household Durables – 0.7%** |
|  DR Horton, Inc. | 136220 | 13443552 |
|  **Multiline Retail – 1.9%** | **Multiline Retail – 1.9%** | **Multiline Retail – 1.9%** |
|  Target Corp. | 221930 | 38203030 |
|  **Specialty Retail – 2.3%** | **Specialty Retail – 2.3%** | **Specialty Retail – 2.3%** |
|  Lowe's Cos., Inc. | 144360 | 30062970 |
|  Ulta Beauty, Inc.<sup>(b)</sup> | 30590 | 15722036 |
|  |  | 45785006 |
|  |  | 177642405 |
|  **Consumer Staples – 5.3%** | **Consumer Staples – 5.3%** | **Consumer Staples – 5.3%** |
|  **Food & Staples Retailing – 0.8%** | **Food & Staples Retailing – 0.8%** | **Food & Staples Retailing – 0.8%** |
|  Kroger Co. (The) | 355320 | 15857932 |
|  **Food Products – 0.4%** | **Food Products – 0.4%** | **Food Products – 0.4%** |
|  Kraft Heinz Co. (The) | 185660 | 7524800 |
|  **Tobacco – 4.1%** | **Tobacco – 4.1%** | **Tobacco – 4.1%** |
|  Philip Morris International, Inc. | 784860 | 81813806 |
|  |  | 105196538 |
|  **Energy – 5.0%** | **Energy – 5.0%** | **Energy – 5.0%** |
|  **Energy Equipment & Services – 0.8%** | **Energy Equipment & Services – 0.8%** | **Energy Equipment & Services – 0.8%** |
|  Helmerich & Payne, Inc. | 311111 | 15070217 |
|  **Oil, Gas & Consumable Fuels – 4.2%** | **Oil, Gas & Consumable Fuels – 4.2%** | **Oil, Gas & Consumable Fuels – 4.2%** |
|  Chevron Corp. | 95790 | 16669376 |
|  ConocoPhillips | 97822 | 11921567 |
|  EOG Resources, Inc. | 191570 | 25335132 |
|  Phillips 66 | 287160 | 28793533 |
|  |  | 82719608 |
|  |  | 97789825 |
|  **Real Estate – 3.1%** | **Real Estate – 3.1%** | **Real Estate – 3.1%** |
|  **Equity Real Estate Investment Trusts (REITs) – 2.2%** | **Equity Real Estate Investment Trusts (REITs) – 2.2%** | **Equity Real Estate Investment Trusts (REITs) – 2.2%** |
|  Weyerhaeuser Co. | 1273240 | 43837653 |
|  **Real Estate Management & Development – 0.9%** | **Real Estate Management & Development – 0.9%** | **Real Estate Management & Development – 0.9%** |
|  CBRE Group, Inc. - Class A<sup>(a) (b)</sup> | 199450 | 17054970 |
|  |  | 60892623 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Communication Services – 2.8%** | **Communication Services – 2.8%** | **Communication Services – 2.8%** |
|  **Diversified Telecommunication Services – 1.5%** | **Diversified Telecommunication Services – 1.5%** | **Diversified Telecommunication Services – 1.5%** |
|  Comcast Corp. - Class A | 750309 | $29524659 |
|  **Interactive Media & Services – 1.3%** | **Interactive Media & Services – 1.3%** | **Interactive Media & Services – 1.3%** |
|  Alphabet, Inc. - Class C<sup>(b)</sup> | 252990 | 25266111 |
|  |  | 54790770 |
|  **Materials – 1.2%** | **Materials – 1.2%** | **Materials – 1.2%** |
|  **Chemicals – 0.8%** | **Chemicals – 0.8%** | **Chemicals – 0.8%** |
|  Mosaic Co. (The) | 334310 | 16561717 |
|  **Metals & Mining – 0.4%** | **Metals & Mining – 0.4%** | **Metals & Mining – 0.4%** |
|  BHP Group Ltd. (Sponsored ADR)<sup>(a)</sup> | 100270 | 7033941 |
|  |  | 23595658 |
|  **Utilities – 0.6%** | **Utilities – 0.6%** | **Utilities – 0.6%** |
|  **Electric Utilities – 0.6%** | **Electric Utilities – 0.6%** | **Electric Utilities – 0.6%** |
|  IDACORP, Inc. | 102600 | 10856106 |
|  Total Common Stocks <br>(cost $1,457,654,311) |  | 1817224174 |
|  **INVESTMENT COMPANIES – 3.2%** | **INVESTMENT COMPANIES – 3.2%** | **INVESTMENT COMPANIES – 3.2%** |
|  **Funds and Investment Trusts – 3.2%** | **Funds and Investment Trusts – 3.2%** | **Funds and Investment Trusts – 3.2%** |
|  iShares Russell 1000 Value ETF - Class E<sup>(c)</sup> <br>(cost $56,516,633) | 393830 | 62796193 |
|  **SHORT-TERM INVESTMENTS – 4.8%** | **SHORT-TERM INVESTMENTS – 4.8%** | **SHORT-TERM INVESTMENTS – 4.8%** |
|  **Investment Companies – 4.8%** | **Investment Companies – 4.8%** | **Investment Companies – 4.8%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.15%<sup>(c) (d) (e)</sup> <br>(cost $95,867,484) | 95867484 | 95867484 |
|  **Total Investments Before Security Lending Collateral for Securities Loaned – 100.2%** <br> (cost $1,610,038,428) | **Total Investments Before Security Lending Collateral for Securities Loaned – 100.2%** <br> (cost $1,610,038,428) | 1975887851 |
|  **INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%** | **INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%** | **INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%** |
|  **Investment Companies – 0.0%** | **Investment Companies – 0.0%** | **Investment Companies – 0.0%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.15%<sup>(c) (d) (e)</sup> <br>(cost $23,850) | 23850 | 23850 |
|  **Total Investments – 100.2%** <br> (cost $1,610,062,278)<sup>(f)</sup> | **Total Investments – 100.2%** <br> (cost $1,610,062,278)<sup>(f)</sup> | 1975911701 |
|  Other assets less liabilities – (0.2)% |  | (4622214) |
|  **Net Assets – 100.0%** |  | $**1971289487** |

---

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

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

------

*(c)* *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.* 

*(d)* *Affiliated investments.* 

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

*(f)* *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 $369,888,771 and gross unrealized depreciation of investments was $(4,039,348), resulting in net unrealized appreciation of $365,849,423.* 

---

| | |
|:---|:---|
| | *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.*  |

---

*Glossary:* 

*ADR – American Depositary Receipt* 

*ETF – Exchange Traded Fund* 

*REIT – Real Estate Investment Trust* 

------

**AB Relative Value Fund, Inc.** 

**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)

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 January 31, 2023:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Common Stocks<sup>(a)</sup> | $1817224174 | $&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;— | $1817224174 |
| Investment Companies | 62796193 |  |  | 62796193 |
| Short-Term Investments | 95867484 |  |  | 95867484 |
| Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund | 23850 |  |  | 23850 |
| Total Investments in Securities | 1975911701 |  |  | 1975911701 |
| **Other Financial Instruments<sup>(b)</sup>** |  |  |  |  |
| **Total** | $**1975911701** | $**—** | $**—** | $**1975911701** |

---

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

*<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 | $83217 | $214168 | $201518 | $95867 | $1029 |
| Government Money Market Portfolio\* | 1582 | 42213 | 43771 | 24 | 20 |
| **Total** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84799 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256381 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245289 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95891 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1049 |

---

*\** *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:** 10105

  - **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:** 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:** $1973602160.84

**Total Liabilities:** $1895308.44

**Net Assets:** $1971706852.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027915 | 5.69%                | -4.52%               | 5.20%                |
| Class ID C000027913 | 5.61%                | -4.46%               | 5.10%                |
| Class ID C000027916 | 5.66%                | -4.43%               | 5.19%                |
| Class ID C000027917 | 5.61%                | -4.29%               | 5.16%                |
| Class ID C000027911 | 5.59%                | -4.33%               | 5.12%                |
| Class ID C000027914 | 5.69%                | -4.48%               | 5.25%                |
| Class ID C000132087 | 5.62%                | -4.36%               | 5.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2633776.54              | $101274598.01                              |
| Month 2  | $12530350.85             | $-102801607.18                             |
| Month 3  | $7497017.27              | $89389911.28                               |

### 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        |    677870 | NS      | $32991932.90  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                   | Bank OZK                                                         | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    457870 | NS      | $20910922.90  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                    | Zebra Technologies Corp                                          | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |     24630 | NS      | $7787513.40   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Accenture PLC                              | Accenture PLC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     97560 | NS      | $27224118.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington Inc | Expeditors International of Washington Inc                       | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     65810 | NS      | $7117351.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc            | Philip Morris International Inc                                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    784860 | NS      | $81813806.40  | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                           | Wells Fargo & Co                                                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   1450085 | NS      | $67965483.95  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PerkinElmer Inc                            | PerkinElmer Inc                                                  | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |    155840 | NS      | $21432675.20  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                              | DR Horton Inc                                                    | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |    136220 | NS      | $13443551.80  | 0.68%             |  |  |  | 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        |  95867484 | NS      | $95867483.54  | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                          | EOG Resources Inc                                                | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    191570 | NS      | $25335132.50  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                              | Mosaic Co/The                                                    | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    334310 | NS      | $16561717.40  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                               | Comcast Corp                                                     | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    750309 | NS      | $29524659.15  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FleetCor Technologies Inc                  | FleetCor Technologies Inc                                        | CUSIP: 339041105<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     77460 | NS      | $16174422.60  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                        | PayPal Holdings Inc                                              | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    457530 | NS      | $37284119.70  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                | Maximus Inc                                                      | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |    243050 | NS      | $18192292.50  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                | Phillips 66                                                      | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    287160 | NS      | $28793533.20  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                        | Elevance Health Inc                                              | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    150810 | NS      | $75403491.90  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                      | NXP Semiconductors NV                                            | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     92380 | NS      | $17026557.80  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                             | CBRE Group Inc                                                   | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    199450 | NS      | $17054969.50  | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| Lowe's Cos Inc                             | Lowe's Cos Inc                                                   | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    144360 | NS      | $30062970.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                         | Houlihan Lokey Inc                                               | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |    165330 | NS      | $16379243.10  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                               | Chevron Corp                                                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95790 | NS      | $16669375.80  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                               | Alphabet Inc                                                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    252990 | NS      | $25266111.30  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                      | Helmerich & Payne Inc                                            | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    311111 | NS      | $15070216.84  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                                 | Cigna Corp                                                       | CUSIP: 125523100<br>LEI: 45RS2W538ZOGNWLVIX82 | Long             | EC               | CORP              | US        |    137142 | NS      | $43428757.14  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                            | EMCOR Group Inc                                                  | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     86220 | NS      | $12782115.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                                | Target Corp                                                      | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    221930 | NS      | $38203030.20  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half International Inc              | Robert Half International Inc                                    | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    228400 | NS      | $19176464.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                 | PACCAR Inc                                                       | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |    296930 | NS      | $32457418.30  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                  | Axis Capital Holdings Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    302960 | NS      | $18956207.20  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                       | Alaska Air Group Inc                                             | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |    338560 | NS      | $17381670.40  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                     | Berkshire Hathaway Inc                                           | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    222350 | NS      | $69266472.00  | 3.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Roche Holding AG                           | Roche Holding AG                                                 | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |   1580010 | NS      | $61857391.50  | 3.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Mastercard Inc                             | Mastercard Inc                                                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    172530 | NS      | $63939618.00  | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                      | Southwest Airlines Co                                            | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    465510 | NS      | $16651292.70  | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Amgen Inc                                  | Amgen Inc                                                        | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    200810 | NS      | $50684444.00  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                         | IPG Photonics Corp                                               | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |    151930 | NS      | $17031353.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc   | Knight-Swift Transportation Holdings Inc                         | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    476614 | NS      | $28167887.40  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                             | BorgWarner Inc                                                   | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    405940 | NS      | $19192843.20  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                             | Littelfuse Inc                                                   | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     31910 | NS      | $8190977.90   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                | Goldman Sachs Group Inc/The                                      | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     59800 | NS      | $21875438.00  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands Inc                          | Acuity Brands Inc                                                | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59984 | NS      | $11308183.68  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                        | Curtiss-Wright Corp                                              | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     76529 | NS      | $12688508.20  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                          | Middleby Corp/The                                                | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     52460 | NS      | $8154907.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                | MetLife Inc                                                      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    207970 | NS      | $15185969.40  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                 | Pfizer Inc                                                       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    283530 | NS      | $12520684.80  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp                 | Raytheon Technologies Corp                                       | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    248495 | NS      | $24812225.75  | 1.26%             |  |  |  | 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        |     23850 | NS      | $23850.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                                   | LKQ Corp                                                         | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    464090 | NS      | $27362746.40  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                        | Emerson Electric Co                                              | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |    260081 | NS      | $23464507.82  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                            | Ulta Beauty Inc                                                  | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     30590 | NS      | $15722036.40  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                | IDACORP Inc                                                      | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |    102600 | NS      | $10856106.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                | Textron Inc                                                      | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |    377818 | NS      | $27524041.30  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc               | MSC Industrial Direct Co Inc                                     | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |    132977 | NS      | $10997197.90  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                  | Keysight Technologies Inc                                        | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |    146330 | NS      | $26244285.50  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                              | Kroger Co/The                                                    | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |    355320 | NS      | $15857931.60  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc            | Choice Hotels International Inc                                  | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |    130659 | NS      | $16056684.51  | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Regeneron Pharmaceuticals Inc              | Regeneron Pharmaceuticals Inc                                    | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     48030 | NS      | $36429314.10  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                   | Builders FirstSource Inc                                         | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    243834 | NS      | $19433569.80  | 0.99%             |  |  |  | No            |                  1 | On Loan: —       |
| Taiwan Semiconductor Manufacturing Co Ltd  | Taiwan Semiconductor Manufacturing Co Ltd                        | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    164970 | NS      | $15297668.10  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                 | Nasdaq Inc                                                       | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |    269400 | NS      | $16215186.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 1000 Value ETF             | iShares Russell 1000 Value ETF                                   | CUSIP: 464287598<br>LEI: 549300KLSYN5NN4YNM90 | Long             | EC               | RF                | US        |    393830 | NS      | $62796193.50  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                         | Kraft Heinz Co/The                                               | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    185660 | NS      | $7524799.80   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                            | Weyerhaeuser Co                                                  | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |   1273240 | NS      | $43837653.20  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                       | Booking Holdings Inc                                             | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      7230 | NS      | $17598543.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                      | Quest Diagnostics Inc                                            | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |    180400 | NS      | $26785792.00  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                        | JPMorgan Chase & Co                                              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    552950 | NS      | $77390882.00  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp   | Westinghouse Air Brake Technologies Corp                         | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |    113990 | NS      | $11833301.90  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                              | BHP Group Ltd                                                    | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    100270 | NS      | $7033940.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| American International Group Inc           | American International Group Inc                                 | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    331760 | NS      | $20973867.20  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                        | Gilead Sciences Inc                                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    441860 | NS      | $37089728.40  | 1.88%             |  |  |  | No            |                  1 | On Loan: —       |
| ConocoPhillips                             | ConocoPhillips                                                   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     97822 | NS      | $11921567.14  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Joseph Mantineo

**Name of Signer:** Joseph Mantineo

**Title:** Treasurer and Chief Financial Officer