# EDGAR Filing Document

**Accession Number:** 0001129870
**File Stem:** 0001410368-25-018008
**Filing Date:** 2025-10
**Character Count:** 65962
**Document Hash:** 125c207412f9c51250cf9a8d072eb1d7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-018008.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001410368-25-018008

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB TRUST
- **CENTRAL INDEX KEY:** 0001129870

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10221
- **FILM NUMBER:** 251419620

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN TRUST
- **DATE OF NAME CHANGE:** 20001214

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN VALUE TRUST
- **DATE OF NAME CHANGE:** 20001212

## Series and Classes Contracts Data

### AB International Value Fund (Series ID: S000010413)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000028762 | Class A       | ABIAX           |
| C000028764 | Class C       | ABICX           |
| C000028765 | Advisor Class | ABIYX           |
| C000028768 | Class I       | AIVIX           |

## Nport-Ex

**AB International Value Fund** 

**Portfolio of Investments** 

**August 31, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **COMMON STOCKS – 98.9%** | **COMMON STOCKS – 98.9%** | **COMMON STOCKS – 98.9%** |
|  **Industrials – 18.8%** | **Industrials – 18.8%** | **Industrials – 18.8%** |
|  **Aerospace & Defense – 6.0%** | **Aerospace & Defense – 6.0%** | **Aerospace & Defense – 6.0%** |
|  Airbus SE | 12961 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2709743 |
|  BAE Systems PLC | 76525 | 1813707 |
|  Melrose Industries PLC | 322782 | 2563214 |
|  |  | 7086664 |
|  **Construction & Engineering – 3.0%** |  |  |
|  Shimizu Corp. | 127500 | 1712872 |
|  Vinci SA | 13383 | 1815155 |
|  |  | 3528027 |
|  **Electrical Equipment – 1.5%** |  |  |
|  Mitsubishi Electric Corp. | 72100 | 1721245 |
|  **Ground Transportation – 1.3%** |  |  |
|  Keisei Electric Railway Co., Ltd.<sup>(a)</sup> | 171700 | 1579968 |
|  **Machinery – 4.0%** |  |  |
|  CNH Industrial NV | 155847 | 1784448 |
|  Techtronic Industries Co., Ltd. - Class H | 97000 | 1254442 |
|  Toyota Industries Corp.<sup>(a) (b)</sup> | 15900 | 1751424 |
|  |  | 4790314 |
|  **Passenger Airlines – 1.6%** |  |  |
|  Ryanair Holdings PLC (Sponsored ADR) | 30610 | 1942817 |
|  **Professional Services – 1.4%** |  |  |
|  Persol Holdings Co., Ltd. | 860700 | 1605206 |
|  |  | 22254241 |
|  **Financials – 18.1%** |  |  |
|  **Banks – 11.4%** |  |  |
|  ABN AMRO Bank NV | 63660 | 1836187 |
|  Banco Bilbao Vizcaya Argentaria SA | 122508 | 2229523 |
|  Danske Bank A/S | 45766 | 1883646 |
|  Erste Group Bank AG | 17522 | 1667839 |
|  Eurobank Ergasias Services & Holdings SA - Class A | 364260 | 1338678 |
|  NatWest Group PLC | 308729 | 2130890 |
|  Resona Holdings, Inc. | 246600 | 2473259 |
|  |  | 13560022 |
|  **Insurance – 6.7%** |  |  |
|  ASR Nederland NV<sup>(a)</sup> | 26330 | 1826714 |
|  AXA SA | 52811 | 2459812 |
|  Beazley PLC | 140310 | 1485353 |
|  Prudential PLC | 163500 | 2180728 |
|  |  | 7952607 |
|  |  | 21512629 |
|  **Health Care – 13.1%** |  |  |
|  **Health Care Equipment & Supplies – 1.5%** |  |  |
|  Siemens Healthineers AG | 31626 | 1751273 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Health Care Providers & Services – 1.0%** | **Health Care Providers & Services – 1.0%** | **Health Care Providers & Services – 1.0%** |
|  Fresenius SE & Co. KGaA | 21615 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1175293 |
|  **Life Sciences Tools & Services – 1.8%** |  |  |
|  ICON PLC<sup>(b)</sup> | 11816 | 2102539 |
|  **Pharmaceuticals – 8.8%** |  |  |
|  Haleon PLC | 496964 | 2445679 |
|  Merck KGaA | 9186 | 1166322 |
|  Novo Nordisk A/S - Class B | 25207 | 1424433 |
|  Roche Holding AG | 11219 | 3658271 |
|  Takeda Pharmaceutical Co., Ltd. | 58700 | 1767031 |
|  |  | 10461736 |
|  |  | 15490841 |
|  **Consumer Discretionary – 10.1%** |  |  |
|  **Automobile Components – 1.4%** |  |  |
|  Toyo Tire Corp. | 66400 | 1686950 |
|  **Automobiles – 2.2%** |  |  |
|  Honda Motor Co., Ltd.<sup>(a)</sup> | 234000 | 2593883 |
|  **Household Durables – 1.9%** |  |  |
|  Sony Group Corp. | 81900 | 2238420 |
|  **Specialty Retail – 3.2%** |  |  |
|  Industria de Diseno Textil SA | 44919 | 2221664 |
|  JD Sports Fashion PLC<sup>(a)</sup> | 1203007 | 1561544 |
|  |  | 3783208 |
|  **Textiles, Apparel & Luxury Goods – 1.4%** |  |  |
|  Burberry Group PLC<sup>(b)</sup> | 97309 | 1689338 |
|  |  | 11991799 |
|  **Communication Services – 7.6%** |  |  |
|  **Diversified Telecommunication Services – 4.7%** |  |  |
|  Deutsche Telekom AG (REG) | 58181 | 2129133 |
|  Koninklijke KPN NV | 342454 | 1634244 |
|  Telstra Group Ltd. | 543559 | 1738997 |
|  |  | 5502374 |
|  **Entertainment – 1.4%** |  |  |
|  Toho Co. Ltd./Tokyo<sup>(a)</sup> | 26400 | 1675813 |
|  **Media – 1.5%** |  |  |
|  Publicis Groupe SA | 19765 | 1825066 |
|  |  | 9003253 |
|  **Information Technology – 7.0%** |  |  |
|  **Semiconductors & Semiconductor Equipment – 5.3%** |  |  |
|  NXP Semiconductors NV | 5311 | 1247288 |
|  Taiwan Semiconductor Manufacturing Co., Ltd. | 67200 | 2516733 |
|  Tokyo Electron Ltd. | 18420 | 2508548 |
|  |  | 6272569 |
|  **Technology Hardware, Storage & Peripherals – 1.7%** |  |  |
|  Samsung Electronics Co., Ltd. | 40556 | 2026170 |
|  |  | 8298739 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Materials – 6.9%** |  |  |
|  **Chemicals – 3.3%** |  |  |
|  Arkema SA | 15034 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1066690 |
|  Kuraray Co., Ltd. | 110900 | 1321342 |
|  Tosoh Corp. | 94400 | 1488161 |
|  |  | 3876193 |
|  **Construction Materials – 2.0%** |  |  |
|  CRH PLC | 21205 | 2395105 |
|  **Metals & Mining – 1.6%** |  |  |
|  Lundin Mining Corp.<sup>(a)</sup> | 170815 | 1976372 |
|  |  | 8247670 |
|  **Energy – 6.3%** |  |  |
|  **Energy Equipment & Services – 4.8%** |  |  |
|  Shell PLC | 114955 | 4252707 |
|  Vallourec SACA | 78982 | 1417943 |
|  |  | 5670650 |
|  **Oil, Gas & Consumable Fuels – 1.5%** |  |  |
|  Repsol SA | 109749 | 1799455 |
|  |  | 7470105 |
|  **Consumer Staples – 4.7%** |  |  |
|  **Beverages – 1.6%** |  |  |
|  Coca-Cola Europacific Partners PLC<sup>(a)</sup> | 20935 | 1860284 |
|  **Food Products – 3.1%** |  |  |
|  Nestle SA (REG) | 21960 | 2071499 |
|  Toyo Suisan Kaisha Ltd. | 23600 | 1623340 |
|  |  | 3694839 |
|  |  | 5555123 |
|  **Utilities – 3.3%** |  |  |
|  **Electric Utilities – 3.3%** |  |  |
|  EDP SA | 451361 | 1999041 |
|  Enel SpA | 210530 | 1942802 |
|  |  | 3941843 |
|  **Real Estate – 3.0%** |  |  |
|  **Diversified REITs – 1.4%** |  |  |
|  Merlin Properties Socimi SA | 111914 | 1668527 |
|  **Real Estate Management & Development – 1.6%** |  |  |
|  Mitsui Fudosan Co., Ltd. | 174800 | 1848026 |
|  |  | 3516553 |
|  Total Common Stocks<br>(cost $91,800,510) |  | 117282796 |
|  **Total Investments Before Security Lending Collateral for Securities Loaned – 98.9%**<br> (cost $91,800,510) |  | 117282796 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3%** |  |  |
|  **Investment Companies – 2.3%** |  |  |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.14%<sup>(c) (d) (e)</sup><br>(cost $2,698,591) | 2698591 | $2698591 |
|  **Total Investments – 101.2%**<br> (cost $94,499,101)<sup>(f)</sup> |  | 119981387 |
|  Other assets less liabilities – (1.2)% |  | (1470201) |
|  **Net Assets – 100.0%** |  | $**118511186** |

---

**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 | EUR | 1148 | USD | 1340 | 09/10/2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3685) |
| Bank of America NA | USD | 4403 | CHF | 3480 | 09/10/2025 | (48959) |
| Bank of America NA | CAD | 2240 | USD | 1623 | 11/14/2025 | (13347) |
| Bank of America NA | TWD | 65165 | USD | 2200 | 11/21/2025 | 50717 |
| Bank of New York (The) | USD | 1400 | SGD | 1791 | 09/18/2025 | (2059) |
| Barclays Capital, Inc. | BRL | 1542 | USD | 284 | 09/03/2025 | (238) |
| Barclays Capital, Inc. | USD | 274 | BRL | 1542 | 09/03/2025 | 10763 |
| Citibank NA | USD | 1297 | GBP | 960 | 09/19/2025 | 923 |
| Citibank NA | KRW | 2505252 | USD | 1827 | 10/14/2025 | 19414 |
| Deutsche Bank AG | USD | 548 | EUR | 470 | 09/10/2025 | 1819 |
| Deutsche Bank AG | USD | 1378 | GBP | 1024 | 09/19/2025 | 6752 |
| Goldman Sachs Bank USA | GBP | 420 | USD | 567 | 09/19/2025 | (1169) |
| HSBC Bank USA | KRW | 401789 | USD | 290 | 10/14/2025 | 268 |
| Morgan Stanley Capital Services, Inc. | BRL | 1542 | USD | 283 | 09/03/2025 | (1573) |
| Morgan Stanley Capital Services, Inc. | USD | 284 | BRL | 1542 | 09/03/2025 | 238 |
| Morgan Stanley Capital Services, Inc. | USD | 3590 | SEK | 33950 | 09/04/2025 | (2685) |
| Morgan Stanley Capital Services, Inc. | EUR | 3158 | USD | 3723 | 09/10/2025 | 26906 |
| Morgan Stanley Capital Services, Inc. | USD | 281 | BRL | 1542 | 10/02/2025 | 1476 |
| Morgan Stanley Capital Services, Inc. | JPY | 728657 | USD | 4977 | 10/30/2025 | (12938) |
| NatWest Markets PLC | USD | 6976 | AUD | 10776 | 11/07/2025 | 83759 |
| State Street Bank & Trust Co. | USD | 1013 | NOK | 10229 | 09/04/2025 | 5010 |
| State Street Bank & Trust Co. | USD | 311 | SEK | 2977 | 09/04/2025 | 3577 |
| State Street Bank & Trust Co. | EUR | 972 | USD | 1143 | 09/10/2025 | 5201 |
| State Street Bank & Trust Co. | EUR | 2015 | USD | 2349 | 09/10/2025 | (9218) |
| State Street Bank & Trust Co. | USD | 430 | CHF | 339 | 09/10/2025 | (5553) |
| State Street Bank & Trust Co. | USD | 1835 | EUR | 1575 | 09/10/2025 | 8228 |
| State Street Bank & Trust Co. | USD | 679 | EUR | 578 | 09/10/2025 | (3054) |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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)** |
| State Street Bank & Trust Co. | GBP | 1485 | USD | 2004 | 09/19/2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4009) |
| State Street Bank & Trust Co. | USD | 572 | GBP | 423 | 09/19/2025 | (1166) |
| State Street Bank & Trust Co. | USD | 316 | KRW | 436971 | 10/14/2025 | (337) |
| State Street Bank & Trust Co. | USD | 898 | ILS | 3066 | 10/22/2025 | 20936 |
| State Street Bank & Trust Co. | JPY | &nbsp;&nbsp;&nbsp;&nbsp;69201 | USD | 473 | 10/30/2025 | (535) |
| State Street Bank & Trust Co. | USD | 1986 | JPY | 290708 | 10/30/2025 | 5840 |
| State Street Bank & Trust Co. | USD | 284 | NZD | 479 | 11/07/2025 | (342) |
| UBS | EUR | 489 | USD | 567 | 09/10/2025 | (5410) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135550 |

---

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

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

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

*(d)* *Affiliated investments.* 

*(e)* *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.* 

*(f)* *As of August 31, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $28,242,770 and gross unrealized depreciation of investments was $(2,624,934), resulting in net unrealized appreciation of $25,617,836.* 

---

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

---

*Currency Abbreviations:* 

*AUD* – *Australian Dollar* 

*BRL* – *Brazilian Real* 

*CAD* – *Canadian Dollar* 

*CHF* – *Swiss Franc* 

*EUR* – *Euro* 

*GBP* – *Great British Pound* 

*ILS* – *Israeli Shekel* 

*JPY* – *Japanese Yen* 

*KRW* – *South Korean Won* 

*NOK* – *Norwegian Krone* 

*NZD* – *New Zealand Dollar* 

*SEK* – *Swedish Krona* 

*SGD* – *Singapore Dollar* 

*TWD* – *New Taiwan Dollar* 

*USD* – *United States Dollar* 

*Glossary:* 

*ADR* – *American Depositary Receipt* 

*REG* – *Registered Shares* 

*REIT – Real Estate Investment Trust* 

------

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

**August, 2025 (unaudited)** 

25.2 % Japan

14.8 % United Kingdom

9.6 % France

8.5 % United States

6.8 % Spain

5.3 % Germany

4.9 % Switzerland

4.5 % Netherlands

3.3 % Italy

2.9 % Hong Kong

2.8 % Denmark

2.2 % Taiwan

1.7 % South Korea

1.7 % Portugal

5.8 % Other

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 Fund 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 1.7% or less in the following: Australia, Austria, Chile and Greece. 

------

**AB International Value Fund** 

**August 31, 2025 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

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

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

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

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 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 August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3727265 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18526976 | $&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;22254241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | 2459812 | 19052817 |  | 21512629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care | 6936103 | 8554738 |  | 15490841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary |  | 11991799 | &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;11991799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1634244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7369009 |  | 9003253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | 1247288 | 7051451 |  | 8298739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 4371477 | 3876193 |  | 8247670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy |  | 7470105 |  | 7470105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | 3931783 | 1623340 |  | 5555123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | 1942802 | 1999041 |  | 3941843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate |  | 3516553 |  | 3516553 |
| Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund | 2698591 |  |  | 2698591 |
| Total Investments in Securities | 28949365 | 91032022 <sup>(a)</sup> |  | 119981387 |
| **Other Financial Instruments<sup>(b)</sup>:** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Forward Currency Exchange Contracts |  | 251827 |  | 251827 |
| **Liabilities:** |  |  |  |  |
| Forward Currency Exchange Contracts |  | (116277) |  | (116277) |
| **Total** | $**28949365** | $**91167572** | $**—** | $**120116937** |

---

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value<br>11/30/2024<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>08/31/2025<br>(000)** | **Dividend<br>Income<br>(000)** |
| AB Government Money Market Portfolio | $2138 | $28504 | $30642 | $0 | $64 |
| AB Government Money Market Portfolio\* | 195 | 39245 | 36741 | 2699 | 84 |
| **Total** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2333 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67749 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67383 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2699 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148 |

---

*\** *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 TRUST

- **b. Investment Company Act file number:** 811-10221

- **c. CIK number of Registrant:** 0001129870

- **d. LEI of Registrant:** 549300ZA8CPOBPKSTS12

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

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

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

- **a. Name of Series:** AB International Value Fund

- **b. EDGAR series identifier (if any):** S000010413

- **c. LEI of Series:** 54930056FQG0Z7F0XG12

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**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:** $121740059.38

**Total Liabilities:** $3309104.32

**Net Assets:** $118430955.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028765 | 4.51%                | -1.62%               | 4.55%                |
| Class ID C000028764 | 4.35%                | -1.68%               | 4.48%                |
| Class ID C000028768 | 4.26%                | -1.58%               | 4.56%                |
| Class ID C000028762 | 4.44%                | -1.61%               | 4.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2443217.79              | $2613709.17                                |
| Month 2  | $1375748.36              | $-3165228.33                               |
| Month 3  | $1119426.07              | $3650636.84                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Morgan Stanley Capital Services LLC        | PURCHASED USD / SOLD BRL                                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-1572.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EDP SA                                     | EDP SA                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |    451361 | NS      | $1999040.35   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                         | PURCHASED USD / SOLD TWD                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $50717.11     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                           | PURCHASED GBP / SOLD USD                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | GB        |         1 | NC      | $6751.81      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED NOK / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | NO        |         1 | NC      | $4562.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                            | BAE Systems PLC                                                  | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     76525 | NS      | $1813707.26   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Keisei Electric Railway Co Ltd             | Keisei Electric Railway Co Ltd                                   | CUSIP: 000000000<br>LEI: 529900VNP95IIHXPCY17 | Long             | EC               | CORP              | JP        |    171700 | NS      | $1579967.69   | 1.33%             |  |  |  | No            |                  2 | On Loan: —       |
| State Street Bank & Trust Co.              | PURCHASED USD / SOLD GBP                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-898.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Publicis Groupe SA                         | Publicis Groupe SA                                               | CUSIP: 000000000<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |     19765 | NS      | $1825066.52   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                           | ASR Nederland NV                                                 | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |     26330 | NS      | $1826714.10   | 1.54%             |  |  |  | No            |                  2 | On Loan: —       |
| Sony Group Corp                            | Sony Group Corp                                                  | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     81900 | NS      | $2238420.04   | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                  | Airbus SE                                                        | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     12961 | NS      | $2709742.83   | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | PURCHASED USD / SOLD JPY                                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-12937.56    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                      | Mitsui Fudosan Co Ltd                                            | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    174800 | NS      | $1848025.94   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                 | Samsung Electronics Co Ltd                                       | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     40556 | NS      | $2026169.52   | 1.71%             |  |  |  | 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      | $1522.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                           | PURCHASED USD / SOLD KRW                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $267.77       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                         | PURCHASED USD / SOLD EUR                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-3685.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Tire Corp                             | Toyo Tire Corp                                                   | CUSIP: 000000000<br>LEI: 529900Y41RD7VQM9RF75 | Long             | EC               | CORP              | JP        |     66400 | NS      | $1686949.50   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | PURCHASED BRL / SOLD USD                                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | BR        |         1 | NC      | $1475.63      | 0.00%             |  |  |  | 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      | $-328.66      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Merlin Properties Socimi SA                | Merlin Properties Socimi SA                                      | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |    111914 | NS      | $1668527.32   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                         | Tokyo Electron Ltd                                               | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     18420 | NS      | $2508547.66   | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED EUR / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $-621.63      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Shimizu Corp                               | Shimizu Corp                                                     | CUSIP: 000000000<br>LEI: 353800BRAE0QFP3ZLY22 | Long             | EC               | CORP              | JP        |    127500 | NS      | $1712872.32   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                     | PURCHASED USD / SOLD EUR                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-5409.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CNH Industrial NV                          | CNH Industrial NV                                                | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |    155847 | NS      | $1784448.15   | 1.51%             |  |  |  | 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      | $-623.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                          | PURCHASED BRL / SOLD USD                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |         1 | NC      | $10762.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED KRW / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | KR        |         1 | NC      | $-337.19      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                           | Roche Holding AG                                                 | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     11219 | NS      | $3658270.94   | 3.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                    | Siemens Healthineers AG                                          | CUSIP: 000000000<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |     31626 | NS      | $1751273.13   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                     | PURCHASED USD / SOLD GBP                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |         1 | NC      | $-1168.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NXP Semiconductors NV                      | NXP Semiconductors NV                                            | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      5311 | NS      | $1247288.35   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED EUR / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $-2432.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                           | Novo Nordisk A/S                                                 | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     25207 | NS      | $1424432.73   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Vallourec SACA                             | Vallourec SACA                                                   | CUSIP: 000000000<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | EC               | CORP              | FR        |     78982 | NS      | $1417942.72   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED CHF / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CH        |         1 | NC      | $-5552.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                          | NatWest Group PLC                                                | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    308729 | NS      | $2130889.99   | 1.80%             |  |  |  | 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      | $-266.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                   | Enel SpA                                                         | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    210530 | NS      | $1942802.00   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA              | Industria de Diseno Textil SA                                    | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     44919 | NS      | $2221663.68   | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Mining Corp                         | Lundin Mining Corp                                               | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    170815 | NS      | $1976371.90   | 1.67%             |  |  |  | No            |                  1 | On Loan: —       |
| Kuraray Co Ltd                             | Kuraray Co Ltd                                                   | CUSIP: 000000000<br>LEI: 549300W9JPTOE739QZ31 | Long             | EC               | CORP              | JP        |    110900 | NS      | $1321342.28   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                     | AXA SA                                                           | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     52811 | NS      | $2459811.76   | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                            | Danske Bank A/S                                                  | CUSIP: 000000000<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |     45766 | NS      | $1883646.48   | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Telstra Group Ltd                          | Telstra Group Ltd                                                | CUSIP: 000000000<br>LEI: 894500WRW54CVN62K416 | Long             | EC               | CORP              | AU        |    543559 | NS      | $1738997.42   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley PLC                                | Beazley PLC                                                      | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    140310 | NS      | $1485353.27   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd               | Techtronic Industries Co Ltd                                     | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     97000 | NS      | $1254441.89   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                  | Nestle SA                                                        | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     21960 | NS      | $2071498.69   | 1.75%             |  |  |  | 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      | $2199.82      | 0.00%             |  |  |  | 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      | $-932.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Persol Holdings Co Ltd                     | Persol Holdings Co Ltd                                           | CUSIP: 000000000<br>LEI: 3538000H6OI725NB2008 | Long             | EC               | CORP              | JP        |    860700 | NS      | $1605206.02   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                | PURCHASED GBP / SOLD USD                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | GB        |         1 | NC      | $923.49       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | PURCHASED SEK / SOLD USD                                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | SE        |         1 | NC      | $-2684.85     | -0.00%            |  |  |  | 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      | $-958.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                  | Repsol SA                                                        | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |    109749 | NS      | $1799455.46   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings Inc                        | Resona Holdings Inc                                              | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |    246600 | NS      | $2473258.72   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                         | Koninklijke KPN NV                                               | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |    342454 | NS      | $1634243.57   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co KGaA                     | Fresenius SE & Co KGaA                                           | CUSIP: 000000000<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |     21615 | NS      | $1175292.78   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                        | PURCHASED AUD / SOLD USD                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | AU        |         1 | NC      | $83759.13     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Arkema SA                                  | Arkema SA                                                        | CUSIP: 000000000<br>LEI: 9695000EHMS84KKP2785 | Long             | EC               | CORP              | FR        |     15034 | NS      | $1066690.40   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON PLC                                   | ICON PLC                                                         | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     11816 | NS      | $2102539.04   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Sports Fashion PLC                      | JD Sports Fashion PLC                                            | CUSIP: 000000000<br>LEI: 213800HROV6Y9MUU8375 | Long             | EC               | CORP              | GB        |   1203007 | NS      | $1561544.59   | 1.32%             |  |  |  | No            |                  2 | On Loan: —       |
| Deutsche Telekom AG                        | Deutsche Telekom AG                                              | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     58181 | NS      | $2129132.78   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED USD / SOLD GBP                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2762.13     | -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      | $3577.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED EUR / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $4268.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Honda Motor Co Ltd                         | Honda Motor Co Ltd                                               | CUSIP: 000000000<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               | CORP              | JP        |    234000 | NS      | $2593883.47   | 2.19%             |  |  |  | No            |                  2 | On Loan: —       |
| ABN AMRO Bank NV                           | ABN AMRO Bank NV                                                 | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |     63660 | NS      | $1836187.05   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank Ergasias Services and Holdings SA | Eurobank Ergasias Services and Holdings SA                       | CUSIP: 000000000<br>LEI: JEUVK5RWVJEN8W0C9M24 | Long             | EC               | CORP              | GR        |    364260 | NS      | $1338677.90   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED USD / SOLD GBP                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-101.40      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Toho Co Ltd/Tokyo                          | Toho Co Ltd/Tokyo                                                | CUSIP: 000000000<br>LEI: 529900IYHHYWU4O3H185 | Long             | EC               | CORP              | JP        |     26400 | NS      | $1675812.57   | 1.42%             |  |  |  | No            |                  2 | On Loan: —       |
| State Street Bank & Trust Co.              | PURCHASED USD / SOLD JPY                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-535.25      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED EUR / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $1389.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED GBP / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |         1 | NC      | $-14.79       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | PURCHASED USD / SOLD EUR                                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $26906.29     | 0.02%             |  |  |  | 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      | $-3368.33     | -0.00%            |  |  |  | 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      | $-1604.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Melrose Industries PLC                     | Melrose Industries PLC                                           | CUSIP: 000000000<br>LEI: 213800RGNXXZY2M7TR85 | Long             | EC               | CORP              | GB        |    322782 | NS      | $2563214.47   | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED USD / SOLD GBP                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-77.36       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Burberry Group PLC                         | Burberry Group PLC                                               | CUSIP: 000000000<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |     97309 | NS      | $1689337.77   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED NOK / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | NO        |         1 | NC      | $448.54       | 0.00%             |  |  |  | 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      | $706.59       | 0.00%             |  |  |  | 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      | $-1134.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tosoh Corp                                 | Tosoh Corp                                                       | CUSIP: 000000000<br>LEI: 529900YSLFVJF2MDBX02 | Long             | EC               | CORP              | JP        |     94400 | NS      | $1488160.87   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                         | PURCHASED CHF / SOLD USD                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | CH        |         1 | NC      | $-48959.02    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED EUR / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $1310.62      | 0.00%             |  |  |  | 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      | $1170.64      | 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        |   2698591 | NS      | $2698591.05   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Electric Corp                   | Mitsubishi Electric Corp                                         | CUSIP: 000000000<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |     72100 | NS      | $1721245.24   | 1.45%             |  |  |  | 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      | $2536.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                   | Vinci SA                                                         | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     13383 | NS      | $1815154.95   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED EUR / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $326.63       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Industries Corp                     | Toyota Industries Corp                                           | CUSIP: 000000000<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |     15900 | NS      | $1751423.57   | 1.48%             |  |  |  | No            |                  2 | On Loan: —       |
| Shell PLC                                  | Shell PLC                                                        | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    114955 | NS      | $4252707.09   | 3.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                 | Merck KGaA                                                       | CUSIP: 000000000<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |      9186 | NS      | $1166322.23   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                    | PURCHASED SGD / SOLD USD                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | SG        |         1 | NC      | $-2058.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED EUR / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $931.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Suisan Kaisha Ltd                     | Toyo Suisan Kaisha Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     23600 | NS      | $1623340.25   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                 | Haleon PLC                                                       | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    496964 | NS      | $2445678.91   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED ILS / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | IL        |         1 | NC      | $20936.51     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd               | Takeda Pharmaceutical Co Ltd                                     | CUSIP: 000000000<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |     58700 | NS      | $1767031.52   | 1.49%             |  |  |  | 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      | $1830.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                        | Erste Group Bank AG                                              | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |     17522 | NS      | $1667839.11   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd  | Taiwan Semiconductor Manufacturing Co Ltd                        | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     67200 | NS      | $2516733.09   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED USD / SOLD GBP                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-149.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Prudential PLC                             | Prudential PLC                                                   | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    163500 | NS      | $2180727.42   | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                       | Ryanair Holdings PLC                                             | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     30610 | NS      | $1942816.70   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC         | Coca-Cola Europacific Partners PLC                               | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     20935 | NS      | $1860284.10   | 1.57%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street Bank & Trust Co.              | PURCHASED USD / SOLD GBP                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-21.23       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                    | CRH PLC                                                          | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     21205 | NS      | $2395104.75   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED NZD / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | NZ        |         1 | NC      | $-342.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED GBP / SOLD USD                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |         1 | NC      | $-1151.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                         | PURCHASED USD / SOLD CAD                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-13347.38    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                | PURCHASED USD / SOLD KRW                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $19413.59     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA         | Banco Bilbao Vizcaya Argentaria SA                               | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    122508 | NS      | $2229523.23   | 1.88%             |  |  |  | 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      | $76.56        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** AB TRUST

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller