# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001410368-25-018016
**Filing Date:** 2025-10
**Character Count:** 116888
**Document Hash:** d8db78ac5fe38f6e7646c0d7b1e92c96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-018016.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001410368-25-018016

**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 Active ETFs, Inc.
- **CENTRAL INDEX KEY:** 0001496608

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23799
- **FILM NUMBER:** 251419628

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-969-1000

**MAIL ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianceBernstein Active ETFs, Inc.
- **DATE OF NAME CHANGE:** 20100714

## Series and Classes Contracts Data

### AB Ultra Short Income ETF (Series ID: S000076880)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000237019 | AB Ultra Short Income ETF | YEAR            |

## Nport-Ex

**AB Active ETFs, Inc.** 

**AB Ultra Short Income ETF** 

**Portfolio of Investments** 

**August 31, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **GOVERNMENTS - TREASURIES – 36.1%** | **GOVERNMENTS - TREASURIES – 36.1%** | **GOVERNMENTS - TREASURIES – 36.1%** |
|  **United States – 36.1%** | **United States – 36.1%** | **United States – 36.1%** |
|  U.S. Treasury Notes<br>3.75%, 04/30/2027 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35227 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35262777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/31/2027 | 44306 | 44420226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 07/15/2028 | 36967 | 37248585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/31/2030 | 28039 | 28415774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/31/2026 | 62295 | 62662443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/2028 | 119973 | 121772595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.303% (CME Term SOFR 3 Month + 0.16%), 04/30/2027<sup>(a)</sup> | 45000 | 44983948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.313% (CME Term SOFR 3 Month + 0.17%), 10/31/2025<sup>(a)</sup> | 40000 | 40001491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.325% (CME Term SOFR 3 Month + 0.18%), 07/31/2026<sup>(a)</sup> | 111000 | 111012584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.388% (CME Term SOFR 3 Month + 0.25%), 01/31/2026<sup>(a)</sup> | 20000 | 20003657 |
|  Total Governments - Treasuries <br>(cost $542,389,525) |  | 545784080 |
|  **CORPORATES - INVESTMENT GRADE – 34.7%** | **CORPORATES - INVESTMENT GRADE – 34.7%** | **CORPORATES - INVESTMENT GRADE – 34.7%** |
|  **Financial Institutions – 23.5%** | **Financial Institutions – 23.5%** | **Financial Institutions – 23.5%** |
|  **Banking – 19.1%** | **Banking – 19.1%** | **Banking – 19.1%** |
|  ABN AMRO Bank NV <br>4.80%, 04/18/2026<sup>(b)</sup> | 14702 | 14706117 |
|  Banco Santander SA <br>5.179%, 11/19/2025 | 7400 | 7407992 |
|  Bank of America Corp. <br>4.45%, 03/03/2026 | 19527 | 19525828 |
|  Bank of Ireland Group PLC <br>6.253%, 09/16/2026<sup>(b)</sup> | 5835 | 5837684 |
|  Bank of Montreal <br>0.949%, 01/22/2027 | 6200 | 6115184 |
|  Bank of Nova Scotia (The) <br>4.50%, 12/16/2025 | 11940 | 11939284 |
|  Barclays PLC<br>4.375%, 01/12/2026 | 12295 | 12289590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 05/12/2026 | 14273 | 14320244 |
|  BNP Paribas SA <br>4.375%, 05/12/2026<sup>(b)</sup> | 15464 | 15413123 |
|  BPCE SA <br>4.875%, 04/01/2026<sup>(b)</sup> | 13939 | 13947085 |
|  Capital One Financial Corp.<br>4.20%, 10/29/2025 | 10020 | 10008477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/30/2026 | 8119 | 8114453 |
|  Capital One NA <br>4.25%, 03/13/2026 | 5334 | 5325146 |
|  Citigroup, Inc. <br>4.60%, 03/09/2026 | 20610 | 20619275 |
|  Cooperatieve Rabobank UA <br>3.75%, 07/21/2026 | 15182 | 15083772 |
|  Danske Bank A/S<br>1.621%, 09/11/2026<sup>(b)</sup> | 2780 | 2777331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.259%, 09/22/2026<sup>(b)</sup> | 2100 | 2101491 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Goldman Sachs Group, Inc. (The) <br>4.25%, 10/21/2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19034 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19024483 |
|  Lloyds Banking Group PLC<br>4.582%, 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13326 | 13319337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/24/2026 | 1491 | 1490269 |
|  Morgan Stanley <br>5.00%, 11/24/2025 | 19155 | 19164769 |
|  NatWest Group PLC <br>7.472%, 11/10/2026 | 9000 | 9048240 |
|  Royal Bank of Canada <br>Series G <br>4.65%, 01/27/2026 | 6034 | 6037620 |
|  Societe Generale SA <br>4.25%, 08/19/2026<sup>(b)</sup> | 2195 | 2185386 |
|  Truist Bank <br>3.625%, 09/16/2025 | 5060 | 5057065 |
|  US Bancorp <br>3.10%, 04/27/2026 | 1424 | 1412224 |
|  Wells Fargo & Co. <br>4.10%, 06/03/2026 | 21021 | 20965294 |
|  Western Union Co. (The) <br>1.35%, 03/15/2026 | 6725 | 6607582 |
|  |  | 289844345 |
|  **Brokerage – 1.0%** |  |  |
|  Mizuho Markets Cayman LP<br>4.889% (SOFR + 0.53%), 01/09/2026<sup>(a) (b)</sup> | 10000 | 9986400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.462% (SOFR + 1.10%), 01/09/2026<sup>(a) (b)</sup> | 4000 | 3981960 |
|  Nomura Holdings, Inc. <br>5.709%, 01/09/2026 | 1213 | 1217706 |
|  |  | 15186066 |
|  **Diversified Banking – 0.3%** |  |  |
|  BNP Paribas SA <br>4.375%, 09/28/2025<sup>(b)</sup> | 5329 | 5326176 |
|  **Finance – 1.7%** |  |  |
|  AerCap Ireland Capital DAC/AerCap Global Aviation Trust<br>1.75%, 01/30/2026 | 2314 | 2287806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 10/01/2025 | 539 | 538844 |
|  Air Lease Corp. <br>Series G <br>3.75%, 06/01/2026 | 7472 | 7427840 |
|  Aircastle Ltd. <br>4.25%, 06/15/2026 | 7564 | 7542821 |
|  Aviation Capital Group LLC<br>1.95%, 01/30/2026<sup>(b)</sup> | 6946 | 6866190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 09/20/2026<sup>(b)</sup> | 368 | 358185 |
|  |  | 25021686 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Insurance – 0.9%** |  |  |
|  Athene Global Funding <br>5.62%, 05/08/2026<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6955 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7013561 |
|  Cigna Group (The) <br>1.25%, 03/15/2026 | 6695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6580783 |
|  |  | 13594344 |
|  **REITs – 0.5%** |  |  |
|  Equinix, Inc. <br>1.45%, 05/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7382 | 7228233 |
|  |  | 356200850 |
|  **Industrial – 10.7%** |  |  |
|  **Basic – 1.1%** |  |  |
|  ArcelorMittal SA <br>4.55%, 03/11/2026 | 6500 | 6494345 |
|  Glencore Funding LLC <br>1.625%, 09/01/2025<sup>(b)</sup> | 1090 | 1090000 |
|  LYB International Finance III LLC <br>1.25%, 10/01/2025 | 1718 | 1713018 |
|  Westlake Corp. <br>3.60%, 08/15/2026 | 7601 | 7547337 |
|  |  | 16844700 |
|  **Capital Goods – 0.6%** |  |  |
|  Boeing Co. (The) <br>2.196%, 02/04/2026 | 6275 | 6212564 |
|  CNH Industrial Capital LLC <br>1.875%, 01/15/2026 | 3100 | 3067915 |
|  |  | 9280479 |
|  **Consumer Cyclical - Automotive – 1.1%** |  |  |
|  Ford Motor Credit Co. LLC<br>3.375%, 11/13/2025 | 3720 | 3707352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 06/10/2026 | 1731 | 1753451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>4.389%, 01/08/2026 | 1853 | 1849387 |
|  General Motors Co. <br>6.125%, 10/01/2025 | 6193 | 6193000 |
|  General Motors Financial Co., Inc. <br>6.05%, 10/10/2025 | 1889 | 1891418 |
|  Hyundai Capital America<br>1.30%, 01/08/2026<sup>(b)</sup> | 380 | 375687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 10/15/2025<sup>(b)</sup> | 1182 | 1178028 |
|  |  | 16948323 |
|  **Consumer Cyclical - Entertainment – 0.4%** |  |  |
|  Mattel, Inc. <br>3.375%, 04/01/2026<sup>(b)</sup> | 6040 | 5988418 |
|  **Consumer Cyclical - Retailers – 0.5%** |  |  |
|  AutoNation, Inc. <br>4.50%, 10/01/2025 | 5652 | 5648270 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Lowe's Cos., Inc. <br>2.50%, 04/15/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1768 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1748304 |
|  |  | 7396574 |
|  **Consumer Non-Cyclical – 2.9%** |  |  |
|  Amgen, Inc. <br>5.507%, 03/02/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6559 | 6560771 |
|  BAT International Finance PLC <br>1.668%, 03/25/2026 | 4884 | 4807614 |
|  Bayer US Finance II LLC <br>4.25%, 12/15/2025<sup>(b)</sup> | 3600 | 3593412 |
|  CVS Health Corp. <br>5.00%, 02/20/2026 | 1329 | 1331538 |
|  HCA, Inc.<br>5.25%, 06/15/2026 | 1935 | 1938328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/15/2026 | 5377 | 5382001 |
|  Molson Coors Beverage Co. <br>3.00%, 07/15/2026 | 7500 | 7413750 |
|  Philip Morris International, Inc. <br>2.75%, 02/25/2026 | 6182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6131926 |
|  Royalty Pharma PLC <br>1.20%, 09/02/2025 | 6526 | 6526000 |
|  |  | 43685340 |
|  **Energy – 2.6%** |  |  |
|  Devon Energy Corp. <br>5.85%, 12/15/2025 | 5072 | 5074587 |
|  Energy Transfer LP<br>4.75%, 01/15/2026 | 5176 | 5176518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 12/01/2025 | 534 | 534459 |
|  EQT Corp. <br>3.125%, 05/15/2026<sup>(b)</sup> | 2401 | 2374109 |
|  MPLX LP <br>1.75%, 03/01/2026 | 4154 | 4097589 |
|  ONEOK, Inc. <br>4.85%, 07/15/2026 | 4803 | 4813230 |
|  Plains All American Pipeline LP/PAA Finance Corp. <br>4.65%, 10/15/2025 | 6235 | 6234065 |
|  TransCanada PipeLines Ltd. <br>4.875%, 01/15/2026 | 6135 | 6134877 |
|  Western Midstream Operating LP <br>4.65%, 07/01/2026 | 5236 | 5234167 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39673601 |
|  **Technology – 1.5%** |  |  |
|  Dell International LLC/EMC Corp. <br>6.02%, 06/15/2026 | 7253 | 7315666 |
|  Fidelity National Information Services, Inc. <br>1.15%, 03/01/2026 | 7217 | 7099868 |
|  Jabil, Inc. <br>1.70%, 04/15/2026 | 7005 | 6887736 |
|  Oracle Corp. <br>2.65%, 07/15/2026 | 425 | 419267 |
|  |  | 21722537 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Transportation - Services – 0.0%** |  |  |
|  FedEx Corp. <br>3.25%, 04/01/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118271 |
|  |  | 161658243 |
|  **Utility – 0.5%** |  |  |
|  **Electric – 0.5%** |  |  |
|  CMS Energy Corp. <br>3.00%, 05/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1020 | 1010188 |
|  Dominion Energy, Inc. <br>3.90%, 10/01/2025 | 5451 | 5447239 |
|  Enel Finance International NV <br>7.05%, 10/14/2025<sup>(b) (c)</sup> | 1013 | 1015603 |
|  |  | 7473030 |
|  Total Corporates - Investment Grade <br>(cost $524,952,211) |  | 525332123 |
|  **ASSET-BACKED SECURITIES – 13.5%** |  |  |
|  **Autos - Fixed Rate – 7.4%** |  |  |
|  ACM Auto Trust Series 2024-2A, Class A<br>6.06%, 02/20/2029<sup>(b)</sup> | 1986 | 1992254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>5.38%, 06/20/2029<sup>(b)</sup> | 807 | 808353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A<br>5.55%, 06/20/2028<sup>(b)</sup> | 3925 | 3934585 |
|  American Credit Acceptance Receivables Trust <br>Series 2025-2, Class A <br>4.81%, 09/12/2028<sup>(b)</sup> | 5900 | 5908307 |
|  Arivo Acceptance Auto Loan Receivables Trust<br>Series 2024-1A, Class A<br>6.46%, 04/17/2028<sup>(b)</sup> | 320 | 323106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2<br>4.92%, 05/15/2029<sup>(b)</sup> | 5573 | 5586727 |
|  BOF VII AL Funding Trust I <br>Series 2023-CAR3, Class A2 <br>6.291%, 07/26/2032<sup>(b)</sup> | 815 | 828016 |
|  Bridgecrest Lending Auto Securitization Trust <br>Series 2025-2, Class A2 <br>4.84%, 01/18/2028 | 5094 | 5097511 |
|  CarMax Select Receivables Trust <br>Series 2025-A, Class A2A <br>4.76%, 05/15/2028 | 6150 | 6158383 |
|  Carvana Auto Receivables Trust Series 2023-N3, Class A<br>6.41%, 09/10/2027<sup>(b)</sup> | 26 | 26229 |
|  Series 2024-N2, Class A2<br>5.90%, 08/10/2027<sup>(b)</sup> | 1595 | 1596748 |
|  Consumer Portfolio Services Auto Trust <br>Series 2025-B, Class A <br>4.74%, 02/15/2029<sup>(b)</sup> | 4942 | 4952859 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  CPS Auto Receivables Trust <br>Series 2024-C, Class A <br>5.88%, 02/15/2028<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;1339 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1342529 |
|  Exeter Automobile Receivables Trust <br>Series 2025-2A, Class A2 <br>4.78%, 06/15/2027 | 3987 | 3988595 |
|  Exeter Select Automobile Receivables Trust <br>Series 2025-1, Class A2 <br>4.83%, 10/16/2028 | 6126 | 6143780 |
|  FHF Issuer Trust <br>Series 2023-2A, Class A2 <br>6.79%, 10/15/2029<sup>(b)</sup> | 564 | 571959 |
|  GLS Auto Receivables Issuer Trust <br>Series 2025-2A, Class A2 <br>4.75%, 03/15/2028<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7000 | 7013253 |
|  Lendbuzz Securitization Trust Series 2023-1A, Class A2<br>6.92%, 08/15/2028<sup>(b)</sup> | 344 | 348932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2A, Class A2<br>7.09%, 10/16/2028<sup>(b)</sup> | 520 | 528995 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-3A, Class A2<br>7.50%, 12/15/2028<sup>(b)</sup> | 617 | 629961 |
|  Lobel Automobile Receivables Trust <br>Series 2025-1, Class A <br>5.06%, 11/15/2027<sup>(b)</sup> | 3704 | 3710158 |
|  Merchants Fleet Funding LLC <br>Series 2023-1A, Class A <br>7.21%, 05/20/2036<sup>(b)</sup> | 1712 | 1723288 |
|  OCCU Auto Receivables Trust <br>Series 2025-1A, Class A2 <br>4.82%, 04/17/2028<sup>(b)</sup> | 7079 | 7094257 |
|  Octane Receivables Trust <br>Series 2023-2A, Class A2 <br>5.88%, 06/20/2031<sup>(b)</sup> | 231 | 231672 |
|  Prestige Auto Receivables Trust <br>Series 2025-1A, Class A2 <br>4.87%, 12/15/2027<sup>(b)</sup> | 5383 | 5389646 |
|  Research-Driven Pagaya Motor Asset Trust Series 2023-3A, Class A<br>7.13%, 01/26/2032<sup>(b)</sup> | 1042 | 1043951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-4A, Class A<br>7.54%, 03/25/2032<sup>(b)</sup> | 621 | 624985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4A, Class A2<br>5.124%, 04/25/2034<sup>(b)</sup> | 7300 | 7329742 |
|  Research-Driven Pagaya Motor Trust <br>Series 2024-1A, Class A <br>7.09%, 06/25/2032<sup>(b)</sup> | 607 | 613231 |
|  SAFCO Auto Receivables Trust <br>Series 2025-1A, Class A <br>5.46%, 09/10/2029<sup>(b)</sup> | 5781 | 5795259 |
|  Santander Bank Auto Credit-Linked Notes <br>Series 2023-A, Class B <br>6.493%, 06/15/2033<sup>(b)</sup> | 78 | 78365 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Santander Drive Auto Receivables Trust <br>Series 2025-2, Class A2 <br>4.71%, 06/15/2028 | $5250 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5260072 |
|  SBNA Auto Receivables Trust <br>Series 2025-SF1, Class B <br>5.12%, 03/17/2031<sup>(b)</sup> | 1076 | 1076649 |
|  Stellantis Financial Underwritten Enhanced Lease Trust <br>Series 2025-AA, Class A2 <br>4.63%, 07/20/2027<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6907 | 6929740 |
|  Strike Acceptance Auto Funding Trust <br>Series 2025-1A, Class A <br>5.84%, 04/15/2032<sup>(b)</sup> | 2258 | 2261348 |
|  Tricolor Auto Securitization Trust<br>Series 2024-1A, Class A<br>6.61%, 10/15/2027<sup>(d)</sup> | 424 | 424841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2A, Class A<br>6.36%, 12/15/2027<sup>(d)</sup> | 369 | 369790 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3A, Class A<br>5.22%, 06/15/2028<sup>(d)</sup> | 785 | 786271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>4.94%, 02/15/2029<sup>(d)</sup> | 2015 | 2021442 |
|  US Bank NA <br>Series 2023-1, Class B <br>6.789%, 08/25/2032<sup>(b)</sup> | 883 | 893146 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;111438935 |
|  **Other ABS - Fixed Rate – 5.4%** |  |  |
|  ACHV ABS Trust <br>Series 2024-2PL, Class A <br>5.07%, 10/27/2031<sup>(b)</sup> | 3167 | 3180864 |
|  Affirm Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-B, Class 1A<br>6.82%, 09/15/2028<sup>(b)</sup> | 870 | 870707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-B, Class A<br>6.82%, 09/15/2028<sup>(b)</sup> | 1200 | 1200975 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-X2, Class A<br>5.22%, 12/17/2029<sup>(b)</sup> | 1780 | 1781037 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-X1, Class A<br>5.08%, 04/15/2030<sup>(b)</sup> | 4324 | 4329028 |
|  BHG Securitization Trust <br>Series 2023-A, Class A <br>5.55%, 04/17/2036<sup>(b)</sup> | 255 | 255626 |
|  Dext ABS LLC <br>Series 2023-1, Class A2 <br>5.99%, 03/15/2032<sup>(b)</sup> | 222 | 222805 |
|  Equify ABS LLC <br>Series 2024-1A, Class A <br>5.43%, 04/18/2033<sup>(b)</sup> | 2116 | 2121838 |
|  Mariner Finance Issuance Trust <br>Series 2023-AA, Class A <br>6.70%, 10/22/2035<sup>(b)</sup> | 3500 | 3525571 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Marlette Funding Trust<br>Series 2024-1A, Class A<br>5.95%, 07/17/2034<sup>(b)</sup> | $113 | $113403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>4.75%, 07/16/2035<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5840312 |
|  NMEF Funding LLC <br>Series 2023-A, Class A2 <br>6.57%, 06/17/2030<sup>(b)</sup> | 635 | 639704 |
|  Oportun Funding Trust <br>Series 2024-3, Class A <br>5.26%, 08/15/2029<sup>(b)</sup> | 2033 | 2034458 |
|  Oportun Issuance Trust <br>Series 2024-2, Class A <br>5.86%, 02/09/2032<sup>(b)</sup> | 809 | 810189 |
|  Pagaya AI Debt Grantor Trust<br>Series 2024-5, Class A<br>6.278%, 10/15/2031<sup>(b)</sup> | 413 | 416823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class A2<br>5.365%, 12/15/2032<sup>(b)</sup> | 3610 | 3632258 |
|  Pagaya AI Debt Grantor Trust And Pagaya AI Debt Trust <br>Series 2024-6, Class A <br>6.093%, 11/15/2031<sup>(b)</sup> | 740 | 745737 |
|  Pagaya AI Debt Trust<br>Series 2024-1, Class A<br>6.66%, 07/15/2031<sup>(b)</sup> | 397 | 400343 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2, Class A<br>6.319%, 08/15/2031<sup>(b)</sup> | 698 | 702562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3, Class A<br>6.258%, 10/15/2031<sup>(b)</sup> | 440 | 442944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R1, Class A2<br>5.338%, 06/15/2032<sup>(b)</sup> | 7000 | 7054429 |
|  Pagaya Point of Sale Holdings Grantor Trust <br>Series 2025-1, Class A <br>5.715%, 01/20/2034<sup>(b)</sup> | 7000 | 7071119 |
|  PEAC Solutions Receivables LLC <br>Series 2024-2A, Class A2 <br>4.74%, 04/20/2027<sup>(b)</sup> | 4395 | 4401790 |
|  RCKT Trust <br>Series 2025-1A, Class A <br>4.90%, 07/25/2034<sup>(b)</sup> | 10109 | 10126695 |
|  Service Experts Issuer LLC <br>Series 2024-1A, Class A <br>6.39%, 11/20/2035<sup>(b)</sup> | 3833 | 3908422 |
|  Theorem Funding Trust<br>Series 2022-3A<br>7.60%, 04/15/2029<sup>(b)</sup> | 16 | 15660 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class A<br>7.58%, 04/15/2029<sup>(b)</sup> | 30 | 30534 |
|  Upgrade Master Pass-Thru Trust <br>Series 2025-ST5, Class A <br>4.794%, 09/15/2032<sup>(b)</sup> | 6500 | 6506951 |
|  Upstart Securitization Trust<br>Series 2023-3, Class A<br>6.90%, 10/20/2033<sup>(b)</sup> | 253 | 254452 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A<br>5.33%, 11/20/2034<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3015 | $3023495 |
|  Verdant Receivables 2023-1 LLC <br>Series 2023-1A, Class A2 <br>6.24%, 01/13/2031<sup>(b)</sup> | 635 | 646412 |
|  VFI ABS LLC <br>Series 2025-1A, Class A <br>4.78%, 06/24/2030<sup>(b)</sup> | 6240 | 6255023 |
|  |  | 82562166 |
|  **Credit Cards - Fixed Rate – 0.7%** |  |  |
|  Brex Commercial Charge Card Master Trust <br>Series 2024-1, Class A1 <br>6.05%, 07/15/2027<sup>(b)</sup> | 4805 | 4838795 |
|  Mission Lane Credit Card Master Trust <br>Series 2024-B, Class A <br>5.88%, 01/15/2030<sup>(b)</sup> | 5900 | 5956944 |
|  |  | 10795739 |
|  Total Asset-Backed Securities <br>(cost $204,012,432) |  | 204796840 |
|  **SHORT-TERM INVESTMENTS – 15.0%** |  |  |
|  **Commercial Paper – 9.0%** |  |  |
|  Charles Schwab Corp. (The) <br>Zero Coupon, 11/14/2025<sup>(b)</sup> | 2635 | 2611038 |
|  Dollarama, Inc. <br>Zero Coupon, 09/15/2025<sup>(b)</sup> | 7500 | 7483023 |
|  Dow Chemical Co. (The) <br>Zero Coupon, 09/19/2025 | 7300 | 7280624 |
|  Enbridge, Inc. <br>Zero Coupon, 09/05/2025<sup>(b)</sup> | 7500 | 7493423 |
|  Eversource Energy <br>Zero Coupon, 09/10/2025<sup>(b)</sup> | 4500 | 4493048 |
|  Fiserv, Inc. <br>Zero Coupon, 09/16/2025<sup>(b)</sup> | 7400 | 7383239 |
|  General Motors Financial Co., Inc. <br>Zero Coupon, 10/01/2025<sup>(b)</sup> | 6460 | 6433648 |
|  Glencore Funding LLC <br>Zero Coupon, 09/16/2025<sup>(b)</sup> | 6300 | 6285622 |
|  HSBC USA, Inc. <br>Zero Coupon, 01/15/2026<sup>(b)</sup> | 7000 | 6883925 |
|  Hyundai Capital America <br>Zero Coupon, 09/24/2025<sup>(b)</sup> | 7500 | 7475607 |
|  Intesa Sanpaolo Funding LLC<br>Zero Coupon, 10/24/2025 | 10000 | 9927179 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 11/10/2025 | 4000 | 3962216 |
|  Marriott International, Inc. <br>Zero Coupon, 09/18/2025<sup>(b)</sup> | 7500 | 7480757 |
|  Mondelez International, Inc. <br>Zero Coupon, 09/04/2025<sup>(b)</sup> | 7000 | 6994742 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  NextEra Energy Capital Holdings, Inc. <br>Zero Coupon, 09/18/2025<sup>(b)</sup> | $7500 | $7481174 |
|  Nutrien Ltd. <br>Zero Coupon, 09/02/2025<sup>(b)</sup> | 7500 | 7496215 |
|  Suncor Energy, Inc. <br>Zero Coupon, 09/18/2025<sup>(b)</sup> | 7500 | 7481153 |
|  TELUS Corp.<br>Zero Coupon, 09/09/2025<sup>(b)</sup> | 1400 | 1397894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/06/2025<sup>(b)</sup> | 5700 | 5670294 |
|  Volkswagen Credit, Inc. <br>Zero Coupon, 09/04/2025<sup>(b)</sup> | 7500 | 7494278 |
|  Xcel Energy, Inc. <br>Zero Coupon, 09/10/2025<sup>(b)</sup> | 7500 | 7488725 |
|  Total Commercial Paper <br>(cost $136,762,391) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136697824 |
|  | **Shares** |  |
|  **Investment Companies – 6.0%** |  |  |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.14%<sup>(e) (f) (g)</sup> <br>(cost $90,799,726) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90799726 | 90799726 |
|  Total Short-Term Investments <br>(cost $227,562,117) |  | 227497550 |
|  **Total Investments – 99.3%** <br>(cost $1,498,916,285)<sup>(h)</sup> |  | 1503410593 |
|  Other assets less liabilities – 0.7% |  | 11292367 |
|  **Net Assets – 100.0%** |  | $**1514702960** |

---

**FUTURES**<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br>of<br>Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** |
| U.S. T-Note 2 Yr (CBT) Futures | 397 | December 2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82790008 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60633 |
| U.S. T-Note 5 Yr (CBT) Futures | 378 | December 2025 | 41379188 | 216109 |
|  |  |  |  | $276742 |

---

*(a)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at August 31, 2025.* 

*(b)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At August 31, 2025, the aggregate market value of these securities amounted to $396,189,906 or 26.2% of net assets.* 

*(c)* *Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at August 31, 2025.* 

------

*(d)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.23% of net assets as of August 31, 2025, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Acquisition<br>Date** | | **Cost** | | **Market<br>Value** | **Percentage<br>of<br>Net Assets** | **Percentage<br>of<br>Net Assets** |
|  *Tricolor Auto Securitization Trust Series 2024-1A,<br>Class A<br>6.61%, 10/15/2027* | | *01/25/2024* | | $*423520* | | $*424841* | | *0.03 %* |
|  *Tricolor Auto Securitization Trust Series 2024-2A, <br>Class A <br>6.36%, 12/15/2027* | | *05/14/2024* | | *368983* | | *369790* | | *0.02 %* |
|  *Tricolor Auto Securitization Trust Series 2024-3A, <br>Class A <br>5.22%, 06/15/2028* | | *10/07/2024* | | *784849* | | *786271* | | *0.05 %* |
|  *Tricolor Auto Securitization Trust Series 2025-1A, <br>Class A <br>4.94%, 02/15/2029* | | *03/11/2025* | | *2015232* | | *2021442* | | *0.13 %* |

---

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

*(g)* *Affiliated investments.* 

*(h)* *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 $4,928,051 and gross unrealized depreciation of investments was $(157,001), resulting in net unrealized appreciation of $4,771,050.* 

*Glossary:* 

*ABS* – *Asset-Backed Securities*

*CBT* – *Chicago Board of Trade*

*CME* – *Chicago Mercantile Exchange*

*REIT* – *Real Estate Investment Trust*

*SOFR* – *Secured Overnight Financing Rate*

------

**AB Active ETFs, Inc.** 

**AB Ultra Short Income ETF** 

**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. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

------

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:** |
| Governments - Treasuries | $— | $545784080 | $— | $545784080 |
| Corporates - Investment Grade |  | 525332123 |  | 525332123 |
| Asset-Backed Securities |  | 204796840 |  | 204796840 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper |  | 136697824 |  | 136697824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | 90799726 |  |  | 90799726 |
| Total Investments in Securities | 90799726 | 1412610867 |  | 1503410593 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Futures | 276742 |  |  | 276742 |
| **Liabilities** |  |  |  |  |
| **Total** | $**91076468** | $**1412610867** | $**—** | $**1503687335** |

---

*<sup>(a)</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 end 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 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77872 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1134458 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1121530 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90800 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1748 |

---

## 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 Active ETFs, Inc.

- **b. Investment Company Act file number:** 811-23799

- **c. CIK number of Registrant:** 0001496608

- **d. LEI of Registrant:** 2549006ZG5WBMZRI5P66

- **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 Ultra Short Income ETF

- **b. EDGAR series identifier (if any):** S000076880

- **c. LEI of Series:** 254900LNMZU3RC64M909

**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:** $1515031262.28

**Total Liabilities:** $328644.65

**Net Assets:** $1514702617.63

**Cash Not Reported:** $681622.35

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -13979.44000000 | **1-Year:** -14468.71000000 | **5-Year:** -403.66000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -465.09000000 | **1-Year:** -4579.02000000 | **5-Year:** -583.22000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237019 | 0.50%                | 0.21%                | 0.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $37159.26                | $1272589.22                                |
| Month 2  | $11068.90                | $-1594174.51                               |
| Month 3  | $27947.33                | $2546222.40                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SUNCOR ENERGY INC                                      | Suncor Energy Inc                                                   | CUSIP: 86723AWJ7<br>LEI: 549300W70ZOQDVLCHY06 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7481152.50   | 0.49%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                               | AerCap Ireland Capital DAC / AerCap Global Aviation Trust           | CUSIP: 00774MAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2314000 | PA      | $2287805.52   | 0.15%             | 2026-01-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                               | Ford Motor Credit Co LLC                                            | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1853000 | PA      | $1849386.65   | 0.12%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                                | Fidelity National Information Services Inc                          | CUSIP: 31620MBR6<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   7217000 | PA      | $7099868.09   | 0.47%             | 2026-03-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                        | Danske Bank A/S                                                     | CUSIP: 23636BBE8<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   2100000 | PA      | $2101491.00   | 0.14%             | 2026-09-22      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                 | CNH Industrial Capital LLC                                          | CUSIP: 12592BAL8<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3067915.00   | 0.20%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                            | Nutrien Ltd                                                         | CUSIP: 67077UW22<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |   7500000 | PA      | $7496215.50   | 0.49%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                 | Aviation Capital Group LLC                                          | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    368000 | PA      | $358185.44    | 0.02%             | 2026-09-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                              | Jabil Inc                                                           | CUSIP: 466313AL7<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   7005000 | PA      | $6887736.30   | 0.45%             | 2026-04-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                | HCA Inc                                                             | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   5377000 | PA      | $5382000.61   | 0.36%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                     | Tricolor Auto Securitization Trust 2024-1                           | CUSIP: 89616LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    423540 | PA      | $424840.89    | 0.03%             | 2027-10-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust | Stellantis Financial Underwritten Enhanced Lease Trust 2025-A       | CUSIP: 858928AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6906514 | PA      | $6929739.66   | 0.46%             | 2027-07-20      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                               | Brex Commercial Charge Card Master Trust                            | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4805000 | PA      | $4838795.01   | 0.32%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                           | Barclays PLC                                                        | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  12295000 | PA      | $12289590.20  | 0.81%             | 2026-01-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust          | BHG Securitization Trust 2023-A                                     | CUSIP: 08860FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255240 | PA      | $255625.79    | 0.02%             | 2036-04-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Receivables Trust             | Exeter Select Automobile Receivables Trust 2025-1                   | CUSIP: 30185AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6125586 | PA      | $6143779.62   | 0.41%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                             | Fiserv Inc                                                          | CUSIP: 33774KWG1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | STIV             | CORP              | US        |   7400000 | PA      | $7383239.00   | 0.49%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                  | Athene Global Funding                                               | CUSIP: 04685A3V1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   6955000 | PA      | $7013561.10   | 0.46%             | 2026-05-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                 | General Motors Financial Co Inc                                     | CUSIP: 37046TX17<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        |   6460000 | PA      | $6433648.37   | 0.42%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                    | Dominion Energy Inc                                                 | CUSIP: 25746UCE7<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   5451000 | PA      | $5447238.81   | 0.36%             | 2025-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                   | Glencore Funding LLC                                                | CUSIP: 000000000<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1090000.00   | 0.07%             | 2025-09-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                    | Bank of Nova Scotia/The                                             | CUSIP: 064159HB5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  11940000 | PA      | $11939283.60  | 0.79%             | 2025-12-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                         | ACHV ABS TRUST 2024-2PL                                             | CUSIP: 00092HAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3167127 | PA      | $3180863.99   | 0.21%             | 2031-10-27      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                             | Affirm Asset Securitization Trust 2024-X2                           | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1779589 | PA      | $1781037.14   | 0.12%             | 2029-12-17      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                         | US Bank NA                                                          | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    882657 | PA      | $893146.07    | 0.06%             | 2032-08-25      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal                                          | ArcelorMittal SA                                                    | CUSIP: 03938LBA1<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   6500000 | PA      | $6494345.00   | 0.43%             | 2026-03-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                | Hyundai Capital America                                             | CUSIP: 44890MWQ1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7475607.00   | 0.49%             | 2025-09-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                       | Bank of Montreal                                                    | CUSIP: 06368EDC3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   6200000 | PA      | $6115184.00   | 0.40%             | 2027-01-22      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                | Santander Bank Auto Credit-Linked Notes Series 2023-A               | CUSIP: 80290CBU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     78142 | PA      | $78364.73     | 0.01%             | 2033-06-15      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                         | Lowe's Cos Inc                                                      | CUSIP: 548661DM6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1768000 | PA      | $1748304.48   | 0.12%             | 2026-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                               | Lloyds Banking Group PLC                                            | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  13326000 | PA      | $13319337.00  | 0.88%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                     | Energy Transfer LP                                                  | CUSIP: 29273RBG3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   5176000 | PA      | $5176517.60   | 0.34%             | 2026-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STRIKE ACCEPTANCE AUTO FUNDING TRUST                   | Strike Acceptance Auto Funding Trust 2025-1                         | CUSIP: 86332RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2257919 | PA      | $2261348.35   | 0.15%             | 2032-04-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                 | CUSIP: 91282CME8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  62295000 | PA      | $62662443.32  | 4.14%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                         | ACM Auto Trust 2025-2                                               | CUSIP: 00161TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3925258 | PA      | $3934585.35   | 0.26%             | 2028-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Floating Rate Notes                                   | CUSIP: 91282CMX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  45000000 | PA      | $44983948.50  | 2.97%             | 2027-04-30      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                             | TELUS Corp                                                          | CUSIP: 87974PX65<br>LEI: 894500WE70KKZRQMBU11 | Long             | STIV             | CORP              | CA        |   5700000 | PA      | $5670293.88   | 0.37%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                             | US Bancorp                                                          | CUSIP: 91159HHM5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1424000 | PA      | $1412223.52   | 0.09%             | 2026-04-27      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                        | Danske Bank A/S                                                     | CUSIP: 23636AAZ4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   2780000 | PA      | $2777331.20   | 0.18%             | 2026-09-11      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| FedEx Corp                                             | FedEx Corp                                                          | CUSIP: 31428XBF2<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    119000 | PA      | $118270.53    | 0.01%             | 2026-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                 | Philip Morris International Inc                                     | CUSIP: 718172BT5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   6182000 | PA      | $6131925.80   | 0.40%             | 2026-02-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                    | Nomura Holdings Inc                                                 | CUSIP: 65535HBG3<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1213000 | PA      | $1217706.44   | 0.08%             | 2026-01-09      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                 | US 2YR NOTE (CBT) DEC25                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       397 | NC      | $60632.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Select Receivables Trust                        | CarMax Select Receivables Trust 2025-A                              | CUSIP: 14319UAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6150000 | PA      | $6158383.07   | 0.41%             | 2028-05-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| DOLLARAMA INC.                                         | Dollarama Inc                                                       | CUSIP: 25675LWF7<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | STIV             | CORP              | CA        |   7500000 | PA      | $7483023.00   | 0.49%             | 2025-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Floating Rate Notes                                   | CUSIP: 91282CJD4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40000000 | PA      | $40001490.80  | 2.64%             | 2025-10-31      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                       | NMEF Funding 2023-A LLC                                             | CUSIP: 62890QAB1<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |    635393 | PA      | $639703.79    | 0.04%             | 2030-06-17      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust           | Arivo Acceptance Auto Loan Receivables Trust 2024-1                 | CUSIP: 039943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320333 | PA      | $323106.57    | 0.02%             | 2028-04-17      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                        | Enbridge US Inc                                                     | CUSIP: 29251UW53<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7493423.25   | 0.49%             | 2025-09-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                               | Devon Energy Corp                                                   | CUSIP: 25179MAV5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   5072000 | PA      | $5074586.72   | 0.34%             | 2025-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                 | Aviation Capital Group LLC                                          | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   6946000 | PA      | $6866190.46   | 0.45%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables LLC                                | Verdant Receivables 2023-1 LLC                                      | CUSIP: 92339GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    635477 | PA      | $646412.12    | 0.04%             | 2031-01-13      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                               | Octane Receivables Trust 2023-2                                     | CUSIP: 67571QAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    231411 | PA      | $231672.08    | 0.02%             | 2031-06-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                               | Dext ABS 2023-1 LLC                                                 | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    221777 | PA      | $222805.49    | 0.01%             | 2032-03-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                         | Mariner Finance Issuance Trust 2023-A                               | CUSIP: 56847FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3525570.65   | 0.23%             | 2035-10-22      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                             | Affirm Asset Securitization Trust 2023-B                            | CUSIP: 00792FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1200975.24   | 0.08%             | 2028-09-15      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE                                  | Molson Coors Beverage Co                                            | CUSIP: 60871RAG5<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7413750.00   | 0.49%             | 2026-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | Morgan Stanley                                                      | CUSIP: 6174467X1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  19155000 | PA      | $19164769.05  | 1.27%             | 2025-11-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                                    | Oportun Issuance Trust 2024-2                                       | CUSIP: 68377KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    809330 | PA      | $810189.07    | 0.05%             | 2032-02-09      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                               | Lloyds Banking Group PLC                                            | CUSIP: 53944YAB9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | US        |   1491000 | PA      | $1490269.41   | 0.10%             | 2026-03-24      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I             | Research-Driven Pagaya Motor Trust 2024-1                           | CUSIP: 76088YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    607255 | PA      | $613230.83    | 0.04%             | 2032-06-25      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                | MPLX LP                                                             | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   4154000 | PA      | $4097588.68   | 0.27%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                         | PEAC Solutions Receivables 2024-2 LLC                               | CUSIP: 69392BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4395027 | PA      | $4401789.88   | 0.29%             | 2027-04-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                               | EQT Corp                                                            | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   2401000 | PA      | $2374108.80   | 0.16%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I             | Research-Driven Pagaya Motor Asset Trust 2025-4                     | CUSIP: 76089MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7300000 | PA      | $7329741.66   | 0.48%             | 2034-04-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                         | Pagaya AI Debt Grantor Trust 2024-5                                 | CUSIP: 69544LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    413075 | PA      | $416823.13    | 0.03%             | 2031-10-15      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| AutoNation Inc                                         | AutoNation Inc                                                      | CUSIP: 05329WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5652000 | PA      | $5648269.68   | 0.37%             | 2025-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VW Credit Inc                                          | VW Credit Inc                                                       | CUSIP: 91842JW47<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7494278.25   | 0.49%             | 2025-09-04      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                | BPCE SA                                                             | CUSIP: 05578QAE3<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  13939000 | PA      | $13947084.62  | 0.92%             | 2026-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                  | Wells Fargo & Co                                                    | CUSIP: 94974BFY1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  21021000 | PA      | $20965294.35  | 1.38%             | 2026-06-03      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                   | BAT International Finance PLC                                       | CUSIP: 05530QAN0<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |   4884000 | PA      | $4807614.24   | 0.32%             | 2026-03-25      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                               | Cooperatieve Rabobank UA                                            | CUSIP: 21684AAF3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  15182000 | PA      | $15083772.46  | 1.00%             | 2026-07-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                          | Lendbuzz Securitization Trust 2023-2                                | CUSIP: 52608MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    520251 | PA      | $528994.70    | 0.03%             | 2028-10-16      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                        | Prestige Auto Receivables Trust 2025-1                              | CUSIP: 74113UAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5383000 | PA      | $5389645.85   | 0.36%             | 2027-12-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                 | General Motors Financial Co Inc                                     | CUSIP: 37045XDZ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1889000 | PA      | $1891417.92   | 0.12%             | 2025-10-10      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corp                                        | CMS Energy Corp                                                     | CUSIP: 125896BQ2<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1010187.60   | 0.07%             | 2026-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                              | Amgen Inc                                                           | CUSIP: 031162DN7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   6559000 | PA      | $6560770.93   | 0.43%             | 2026-03-02      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                               | Western Midstream Operating LP                                      | CUSIP: 958254AF1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   5236000 | PA      | $5234167.40   | 0.35%             | 2026-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO FDG LLC                                | Intesa Sanpaolo Funding LLC                                         | CUSIP: 4611K0YA9<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3962215.60   | 0.26%             | 2025-11-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                         | Pagaya AI Debt Trust 2024-3                                         | CUSIP: 69547XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    440146 | PA      | $442943.74    | 0.03%             | 2031-10-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                     | Banco Santander SA                                                  | CUSIP: 05971KAA7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   7400000 | PA      | $7407992.00   | 0.49%             | 2025-11-19      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                          | Aircastle Ltd                                                       | CUSIP: 00928QAS0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   7564000 | PA      | $7542820.80   | 0.50%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                         | Pagaya AI Debt Trust 2024-2                                         | CUSIP: 694961AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    697641 | PA      | $702561.61    | 0.05%             | 2031-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust           | Arivo Acceptance Auto Loan Receivables Trust 2025-1                 | CUSIP: 039962AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5573000 | PA      | $5586726.86   | 0.37%             | 2029-05-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                   | Glencore Funding LLC                                                | CUSIP: 37790AWG4<br>LEI: 213800STG1QDNBY87K49 | Long             | STIV             | CORP              | US        |   6300000 | PA      | $6285621.51   | 0.41%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                      | NatWest Group PLC                                                   | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   9000000 | PA      | $9048240.00   | 0.60%             | 2026-11-10      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                          | Citigroup Inc                                                       | CUSIP: 172967KJ9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  20610000 | PA      | $20619274.50  | 1.36%             | 2026-03-09      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                             | GLS Auto Receivables Issuer Trust 2025-2                            | CUSIP: 37989BAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7013253.10   | 0.46%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                           | Upstart Securitization Trust 2023-3                                 | CUSIP: 91684MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    252999 | PA      | $254451.98    | 0.02%             | 2033-10-20      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                                 | Marlette Funding Trust 2024-1                                       | CUSIP: 57108VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113341 | PA      | $113403.10    | 0.01%             | 2034-07-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                                  | Mizuho Markets Cayman LP                                            | CUSIP: 60700JDB8<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |  10000000 | PA      | $9986400.00   | 0.66%             | 2026-01-09      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                 | Mondelez International Inc                                          | CUSIP: 60920VW40<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |   7000000 | PA      | $6994741.60   | 0.46%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTERN UNION CO/THE                                   | Western Union Co/The                                                | CUSIP: 959802AZ2<br>LEI: 28ID94QU1140NC23S047 | Long             | DBT              | CORP              | US        |   6725000 | PA      | $6607581.50   | 0.44%             | 2026-03-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                     | Energy Transfer LP                                                  | CUSIP: 86765BAS8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    534000 | PA      | $534459.24    | 0.04%             | 2025-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                              | ONEOK Inc                                                           | CUSIP: 682680CL5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   4803000 | PA      | $4813230.39   | 0.32%             | 2026-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                               | Capital One Financial Corp                                          | CUSIP: 254709AP3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   8119000 | PA      | $8114453.36   | 0.54%             | 2026-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                 | Service Experts Issuer 2024-1 LLC                                   | CUSIP: 81758FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3832729 | PA      | $3908422.49   | 0.26%             | 2035-11-20      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                               | Plains All American Pipeline LP / PAA Finance Corp                  | CUSIP: 72650RBJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6235000 | PA      | $6234064.75   | 0.41%             | 2025-10-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                 | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35227000 | PA      | $35262777.25  | 2.33%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                 | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44306000 | PA      | $44420226.18  | 2.93%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                         | CPS Auto Receivables Trust 2024-C                                   | CUSIP: 223920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1338724 | PA      | $1342529.27   | 0.09%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                      | General Motors Co                                                   | CUSIP: 37045VAV2<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   6193000 | PA      | $6193000.00   | 0.41%             | 2025-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Equify ABS, LLC                                        | Equify ABS 2024-1 LLC                                               | CUSIP: 29445TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2116250 | PA      | $2121838.13   | 0.14%             | 2033-04-18      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                           | Upstart Securitization Trust                                        | CUSIP: 91684NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3015115 | PA      | $3023494.89   | 0.20%             | 2034-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                         | ACM Auto Trust 2024-2                                               | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1986288 | PA      | $1992253.81   | 0.13%             | 2029-02-20      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                          | Lendbuzz Securitization Trust 2023-3                                | CUSIP: 525931AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    616669 | PA      | $629961.18    | 0.04%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I             | Research-Driven Pagaya Motor Asset Trust 2023-3                     | CUSIP: 76089RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1042330 | PA      | $1043951.03   | 0.07%             | 2032-01-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables Trust                     | Lobel Automobile Receivables Trust 2025-1                           | CUSIP: 53948RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3704136 | PA      | $3710157.72   | 0.24%             | 2027-11-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                                             | RCKT Trust 2025-PL1                                                 | CUSIP: 74939RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10109494 | PA      | $10126694.55  | 0.67%             | 2034-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                               | Ford Motor Credit Co LLC                                            | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3720000 | PA      | $3707352.00   | 0.24%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VFI ABS LLC                                            | VFI ABS 2025-1 LLC                                                  | CUSIP: 91824UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6240000 | PA      | $6255023.42   | 0.41%             | 2030-06-24      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| SAFCO Auto Receivables Trust                           | SAFCO Auto Receivables Trust 2025-1                                 | CUSIP: 785923AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5780822 | PA      | $5795258.86   | 0.38%             | 2029-09-10      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                              | Boeing Co/The                                                       | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   6275000 | PA      | $6212563.75   | 0.41%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                 | CUSIP: 91282CMN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 119973000 | PA      | $121772595.00 | 8.04%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BOF URSA FUNDING                                       | BOF VII AL Funding Trust I                                          | CUSIP: 097093AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    814619 | PA      | $828016.31    | 0.05%             | 2032-07-26      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                 | Santander Drive Auto Receivables Trust 2025-2                       | CUSIP: 80287NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5250491 | PA      | $5260071.78   | 0.35%             | 2028-06-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                        | Xcel Energy Inc                                                     | CUSIP: 9838T2WA2<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7488725.25   | 0.49%             | 2025-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                         | Upgrade Master Pass-Thru Trust Series 2025-ST5                      | CUSIP: 91535BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6500000 | PA      | $6506951.10   | 0.43%             | 2032-09-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                             | Affirm Asset Securitization Trust 2023-B                            | CUSIP: 00792FAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    870000 | PA      | $870707.05    | 0.06%             | 2028-09-15      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                 | US 5YR NOTE (CBT) DEC25                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       378 | NC      | $216109.49    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                | Hyundai Capital America                                             | CUSIP: 44891CBN2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    794000 | PA      | $791332.16    | 0.05%             | 2025-10-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                                         | Capital One NA                                                      | CUSIP: 25466AAE1<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |   5334000 | PA      | $5325145.56   | 0.35%             | 2026-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                       | Societe Generale SA                                                 | CUSIP: 83368JKF6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2195000 | PA      | $2185385.90   | 0.14%             | 2026-08-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                       | ABN AMRO Bank NV                                                    | CUSIP: 00084DAL4<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |  14702000 | PA      | $14706116.56  | 0.97%             | 2026-04-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co/The                                    | Dow Chemical Co/The                                                 | CUSIP: 26055AWK8<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | STIV             | CORP              | US        |   7300000 | PA      | $7280624.34   | 0.48%             | 2025-09-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                         | Air Lease Corp                                                      | CUSIP: 00914AAB8<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   7472000 | PA      | $7427840.48   | 0.49%             | 2026-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                | HCA Inc                                                             | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1935000 | PA      | $1938328.20   | 0.13%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                         | Consumer Portfolio Services Auto Trust 2025-B                       | CUSIP: 12630SAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4941853 | PA      | $4952859.15   | 0.33%             | 2029-02-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                | Hyundai Capital America                                             | CUSIP: 44891CBS1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    380000 | PA      | $375687.00    | 0.02%             | 2026-01-08      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                            | Equinix Inc                                                         | CUSIP: 29444UBQ8<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   7382000 | PA      | $7228232.94   | 0.48%             | 2026-05-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                         | Pagaya Ai Debt Trust 2025-R1                                        | CUSIP: 69547CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7054429.20   | 0.47%             | 2032-06-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust                                  | Theorem Funding Trust 2023-1                                        | CUSIP: 88338QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30477 | PA      | $30533.56     | 0.00%             | 2029-04-15      | Fixed         | 7.58%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                   | Enel Finance International NV                                       | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1013000 | PA      | $1015603.41   | 0.07%             | 2025-10-14      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                               | Capital One Financial Corp                                          | CUSIP: 14040HBJ3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  10020000 | PA      | $10008477.00  | 0.66%             | 2025-10-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                            | Truist Bank                                                         | CUSIP: 07330MAB3<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   5060000 | PA      | $5057065.20   | 0.33%             | 2025-09-16      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust                                  | Theorem Funding Trust 2022-3                                        | CUSIP: 882925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15646 | PA      | $15660.21     | 0.00%             | 2029-04-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                   | Royal Bank of Canada                                                | CUSIP: 780082AD5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   6034000 | PA      | $6037620.40   | 0.40%             | 2026-01-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Floating Rate Notes                                   | CUSIP: 91282CLA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 111000000 | PA      | $111012584.07 | 7.33%             | 2026-07-31      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                             | Mattel Inc                                                          | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   6040000 | PA      | $5988418.40   | 0.40%             | 2026-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust          | Bridgecrest Lending Auto Securitization Trust 2025-2                | CUSIP: 10807HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5094000 | PA      | $5097510.78   | 0.34%             | 2028-01-18      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                            | SBNA Auto Receivables Trust 2025-SF1                                | CUSIP: 78437XAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1075560 | PA      | $1076648.74   | 0.07%             | 2031-03-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                  | Mission Lane Credit Card Master Trust                               | CUSIP: 60510MBE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5900000 | PA      | $5956943.85   | 0.39%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                      | Eversource Energy                                                   | CUSIP: 30040XWA0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | STIV             | CORP              | US        |   4500000 | PA      | $4493048.40   | 0.30%             | 2025-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                                    | LYB International Finance III LLC                                   | CUSIP: 50249AAF0<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   1718000 | PA      | $1713017.80   | 0.11%             | 2025-10-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                         | Carvana Auto Receivables Trust 2023-N3                              | CUSIP: 14686RAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     26215 | PA      | $26229.21     | 0.00%             | 2027-09-10      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                     | Tricolor Auto Securitization Trust 2025-1                           | CUSIP: 89617CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2015275 | PA      | $2021442.20   | 0.13%             | 2029-02-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                    | Exeter Automobile Receivables Trust 2025-2                          | CUSIP: 30168JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3986821 | PA      | $3988595.40   | 0.26%             | 2027-06-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                         | Pagaya AI Debt Grantor Trust 2024-6 And Pagaya AI Debt Trust 2024-6 | CUSIP: 69548KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    740422 | PA      | $745737.09    | 0.05%             | 2031-11-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| Merchants Fleet Funding LLC                            | Merchants Fleet Funding LLC                                         | CUSIP: 588926AA3<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |   1711588 | PA      | $1723288.16   | 0.11%             | 2036-05-20      | Fixed         | 7.21%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I             | Research-Driven Pagaya Motor Asset Trust 2023-4                     | CUSIP: 76088UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    621203 | PA      | $624984.80    | 0.04%             | 2032-03-25      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                                 | Marlette Funding Trust 2025-1                                       | CUSIP: 570920AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5834342 | PA      | $5840312.41   | 0.39%             | 2035-07-16      | Fixed         | 4.75%                 | 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        |  90799725 | NS      | $90799725.49  | 5.99%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                | Goldman Sachs Group Inc/The                                         | CUSIP: 38141GVR2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  19034000 | PA      | $19024483.00  | 1.26%             | 2025-10-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                               | FHF Issuer Trust 2023-2                                             | CUSIP: 30333LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    563881 | PA      | $571959.49    | 0.04%             | 2029-10-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                 | Marriott International Inc/MD                                       | CUSIP: 57163TWJ4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7480757.25   | 0.49%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                 | CUSIP: 91282CNM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36967000 | PA      | $37248584.66  | 2.46%             | 2028-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO FDG LLC                                | Intesa Sanpaolo Funding LLC                                         | CUSIP: 4611K0XQ5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9927179.00   | 0.66%             | 2025-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                    | Charles Schwab Corp/The                                             | CUSIP: 8085A2YE1<br>LEI: 549300VSGCJ7E698NM85 | Long             | STIV             | CORP              | US        |   2635000 | PA      | $2611037.84   | 0.17%             | 2025-11-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                                     | Royalty Pharma PLC                                                  | CUSIP: 78081BAH6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   6526000 | PA      | $6526000.00   | 0.43%             | 2025-09-02      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                           | Barclays PLC                                                        | CUSIP: 06738EAP0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  14273000 | PA      | $14320243.63  | 0.95%             | 2026-05-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| WESTLAKE CORP                                          | Westlake Corp                                                       | CUSIP: 960413AT9<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |   7601000 | PA      | $7547336.94   | 0.50%             | 2026-08-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                    | NextEra Energy Capital Holdings Inc                                 | CUSIP: 65339MWJ1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7481173.50   | 0.49%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                                  | Bank of Ireland Group PLC                                           | CUSIP: 06279JAC3<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |   5835000 | PA      | $5837684.10   | 0.39%             | 2026-09-16      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                     | Tricolor Auto Securitization Trust 2024-3                           | CUSIP: 89617AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    784885 | PA      | $786271.34    | 0.05%             | 2028-06-15      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                            | Oracle Corp                                                         | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    425000 | PA      | $419266.75    | 0.03%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                | Dell International LLC / EMC Corp                                   | CUSIP: 24703TAD8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   7253000 | PA      | $7315665.92   | 0.48%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                         | Carvana Auto Receivables Trust 2024-N2                              | CUSIP: 14687VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1594596 | PA      | $1596748.05   | 0.11%             | 2027-08-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                                  | Mizuho Markets Cayman LP                                            | CUSIP: 60700JAC9<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |   4000000 | PA      | $3981960.00   | 0.26%             | 2026-01-09      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                 | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28039000 | PA      | $28415774.06  | 1.88%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings Grantor Trust            | Pagaya Point of Sale Holdings Grantor Trust 2025-1                  | CUSIP: 694952AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7071119.30   | 0.47%             | 2034-01-20      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                           | HSBC USA Inc                                                        | CUSIP: 40434RAF9<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |   7000000 | PA      | $6883924.60   | 0.45%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                         | Pagaya AI Debt Grantor Trust 2025-3                                 | CUSIP: 69544TAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3610191 | PA      | $3632257.57   | 0.24%             | 2032-12-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                                    | Oportun Funding Trust 2024-3                                        | CUSIP: 68377NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2033167 | PA      | $2034457.76   | 0.13%             | 2029-08-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                               | Ford Motor Credit Co LLC                                            | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1753451.07   | 0.12%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                   | Bank of America Corp                                                | CUSIP: 06051GFU8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  19527000 | PA      | $19525828.38  | 1.29%             | 2026-03-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                     | Tricolor Auto Securitization Trust 2024-2                           | CUSIP: 89616PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    368983 | PA      | $369789.73    | 0.02%             | 2027-12-15      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                         | ACM Auto Trust 2025-1                                               | CUSIP: 00161EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    807127 | PA      | $808352.87    | 0.05%             | 2029-06-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                | Bayer US Finance II LLC                                             | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3593412.00   | 0.24%             | 2025-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Floating Rate Notes                                   | CUSIP: 91282CJU6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20003656.60  | 1.32%             | 2026-01-31      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                               | AerCap Ireland Capital DAC / AerCap Global Aviation Trust           | CUSIP: 00774MAG0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    539000 | PA      | $538843.69    | 0.04%             | 2025-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | BNP Paribas SA                                                      | CUSIP: 05565AAR4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  15464000 | PA      | $15413123.44  | 1.02%             | 2026-05-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                             | Affirm Asset Securitization Trust 2025-X1                           | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4323566 | PA      | $4329027.93   | 0.29%             | 2030-04-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                        | CVS Health Corp                                                     | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1329000 | PA      | $1331538.39   | 0.09%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                                  | TransCanada PipeLines Ltd                                           | CUSIP: 89352HAT6<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   6135000 | PA      | $6134877.30   | 0.41%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust           | American Credit Acceptance Receivables Trust 2025-2                 | CUSIP: 024938AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5899901 | PA      | $5908306.99   | 0.39%             | 2028-09-12      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                | Hyundai Capital America                                             | CUSIP: 44891ABN6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    388000 | PA      | $386696.32    | 0.03%             | 2025-10-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | BNP Paribas SA                                                      | CUSIP: 05581KAA9<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5329000 | PA      | $5326175.63   | 0.35%             | 2025-09-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OCCU Auto Receivables Trust                            | OCCU Auto Receivables Trust 2025-1                                  | CUSIP: 67098SAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7079000 | PA      | $7094256.66   | 0.47%             | 2028-04-17      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                        | Cigna Group/The                                                     | CUSIP: 125523CP3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   6695000 | PA      | $6580783.30   | 0.43%             | 2026-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                         | Pagaya AI Debt Trust 2024-1                                         | CUSIP: 69548AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    397424 | PA      | $400342.74    | 0.03%             | 2031-07-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                          | Lendbuzz Securitization Trust 2023-1                                | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    343978 | PA      | $348931.84    | 0.02%             | 2028-08-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                             | TELUS Corp                                                          | CUSIP: 87974PW90<br>LEI: 894500WE70KKZRQMBU11 | Long             | STIV             | CORP              | CA        |   1400000 | PA      | $1397893.84   | 0.09%             | 2025-09-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** AB Active ETFs, Inc.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller