# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001410368-25-018029
**Filing Date:** 2025-10
**Character Count:** 95116
**Document Hash:** f0ae6f6aa1e63a524e4b13299d7c4382
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-018029.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001410368-25-018029

**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:** 251419641

**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 Tax-Aware Long Municipal ETF (Series ID: S000082570)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000245886 | AB Tax-Aware Long Municipal ETF | TAFL            |

## Nport-Ex

**AB Active ETFs, Inc.** 

**AB Tax-Aware Long Municipal ETF** 

**Portfolio of Investments** 

**August 31, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 99.2%** | **MUNICIPAL OBLIGATIONS – 99.2%** | **MUNICIPAL OBLIGATIONS – 99.2%** |
|  **Long-Term Municipal Bonds – 97.5%** | **Long-Term Municipal Bonds – 97.5%** | **Long-Term Municipal Bonds – 97.5%** |
|  **Alabama – 0.4%** | **Alabama – 0.4%** | **Alabama – 0.4%** |
|  County of Jefferson AL Sewer Revenue<br> (County of Jefferson AL Sewer Revenue)<br>Series 2024<br>5.50%, 10/01/2053 | $100 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101875 |
|  **Arizona – 3.1%** | **Arizona – 3.1%** | **Arizona – 3.1%** |
|  Arizona Industrial Development Authority<br> (Equitable School Revolving Fund Obligated Group)<br>Series 2023<br>5.25%, 11/01/2053 | 200 | 195587 |
|  Arizona Industrial Development Authority<br> (Pinecrest Academy of Nevada)<br>Series 2020-A<br>4.00%, 07/15/2040<sup>(a)</sup> | 125 | 108368 |
|  Maricopa County Industrial Development Authority<br> (HonorHealth Obligated Group)<br>Series 2019-A<br>4.125%, 09/01/2042 | 500 | 450814 |
|  Maricopa County Industrial Development Authority<br> (Valley Christian Schools)<br>Series 2023<br>6.375%, 07/01/2058<sup>(a)</sup> | 150 | 139906 |
|  |  | 894675 |
|  **California – 7.7%** | **California – 7.7%** | **California – 7.7%** |
|  California Community Choice Financing Authority<br> (American General Life Insurance)<br>Series 2024<br>5.00%, 08/01/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424949 |
|  California Community Choice Financing Authority<br> (Athene Annuity & Life Co.)<br>Series 2024<br>5.00%, 11/01/2055 | 350 | 364933 |
|  California Community Housing Agency<br> (California Community Housing Agency Brio Apartments & Next on Lex Apartments)<br>Series 2021<br>4.00%, 02/01/2056<sup>(a)</sup> | 100 | 76871 |
|  California Infrastructure & Economic Development Bank<br> (Desertxpress Enterprises)<br>Series 2025<br>9.50%, 01/01/2065<sup>(a)</sup> | 120 | 110279 |
|  City of Los Angeles CA Wastewater System Revenue<br> (City of Los Angeles CA Wastewater System Revenue)<br>Series 2025-A<br>5.00%, 06/01/2055 | 200 | 203629 |
|  City of Los Angeles Department of Airports<br> (City of Los Angeles Dept. of Airports)<br>Series 2025<br>5.50%, 05/15/2055 | 100 | 103799 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  CMFA Special Finance Agency VII<br> (CMFA Special Finance Agency VII The Breakwater Apartments)<br>Series 2021<br>3.00%, 08/01/2056<sup>(a)</sup> | $| 100 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64881 |
|  Golden State Tobacco Securitization Corp.<br> (Golden State Tobacco Securitization)<br>Series 2021-B<br>Zero Coupon, 06/01/2066 |  | 515 |  | 47792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 06/01/2051 |  | 360 |  | 343321 |
|  Los Angeles Department of Water & Power<br> (Los Angeles Dept. of Water & Power Power System Revenue)<br>BAM Series 2025-A<br>5.00%, 07/01/2053 |  | 500 |  | 501126 |
|  |  |  |  | 2241580 |
|  **Colorado – 3.0%** | **Colorado – 3.0%** | **Colorado – 3.0%** | **Colorado – 3.0%** | **Colorado – 3.0%** |
|  Colorado Educational & Cultural Facilities Authority<br> (Ascent Classical Academy Charter Schools)<br>Series 2024<br>5.80%, 04/01/2054<sup>(a)</sup> |  | 100 |  | 94472 |
|  Town of Vail CO<br> (Town of Vail CO COP)<br>Series 2025<br>5.50%, 12/01/2064 |  | 750 |  | 775532 |
|  |  |  |  | 870004 |
|  **Connecticut – 0.3%** | **Connecticut – 0.3%** | **Connecticut – 0.3%** | **Connecticut – 0.3%** | **Connecticut – 0.3%** |
|  Stamford Housing Authority<br> (TJH Senior Living Obligated Group)<br>Series 2025<br>6.50%, 10/01/2055 |  | 100 |  | 98625 |
|  **District of Columbia – 3.9%** | **District of Columbia – 3.9%** | **District of Columbia – 3.9%** | **District of Columbia – 3.9%** | **District of Columbia – 3.9%** |
|  District of Columbia<br> (District of Columbia Union Market TIF Area)<br>Series 2024-A<br>5.125%, 06/01/2034<sup>(a)</sup> |  | 100 |  | 100506 |
|  Metropolitan Washington Airports Authority Aviation Revenue<br> (Metropolitan Washington Airports Authority Aviation Revenue)<br>Series 2025-A<br>5.50%, 10/01/2055 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1035168 |
|  |  |  |  | 1135674 |
|  **Florida – 1.3%** | **Florida – 1.3%** | **Florida – 1.3%** | **Florida – 1.3%** | **Florida – 1.3%** |
|  Capital Projects Finance Authority/FL<br> (Navigator Academy of Leadership Obligated Group)<br>Series 2024<br>5.00%, 06/15/2034<sup>(a)</sup> |  | 100 |  | 101022 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  City of Venice FL<br> (Southwest Florida Retirement Center Obligated Group)<br>Series 2024<br>5.625%, 01/01/2060<sup>(a)</sup> | $| 100 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92853 |
|  Florida Development Finance Corp.<br> (Brightline Trains Florida)<br>AG Series 2024<br>5.25%, 07/01/2053 |  | 100 |  | 94970 |
|  Florida Development Finance Corp.<br> (SFP - Tampa I LLC)<br>Series 2024<br>5.25%, 06/01/2059<sup>(a)</sup> |  | 100 |  | 90475 |
|  |  |  |  | 379320 |
|  **Georgia – 4.7%** | **Georgia – 4.7%** | **Georgia – 4.7%** | **Georgia – 4.7%** | **Georgia – 4.7%** |
|  Fayette County Development Authority<br> (United States Soccer Federation)<br>Series 2024<br>5.00%, 10/01/2044 |  | 200 |  | 199946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/01/2054 |  | 200 |  | 200136 |
|  Municipal Electric Authority of Georgia<br> (Municipal Electric Authority of Georgia)<br>Series 2019<br>5.00%, 01/01/2063 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 |  | 973487 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1373569 |
|  **Guam – 0.9%** | **Guam – 0.9%** | **Guam – 0.9%** | **Guam – 0.9%** | **Guam – 0.9%** |
|  Territory of Guam<br> (Territory of Guam Business Privilege Tax)<br>Series 2021-F<br>5.00%, 01/01/2030 |  | 250 |  | 267725 |
|  **Hawaii – 0.2%** | **Hawaii – 0.2%** | **Hawaii – 0.2%** | **Hawaii – 0.2%** | **Hawaii – 0.2%** |
|  City & County Honolulu HI Wastewater System Revenue<br> (City & County Honolulu HI Wastewater System Revenue)<br>Series 2020-A<br>2.624%, 07/01/2045 |  | 100 |  | 68118 |
|  **Illinois – 5.7%** | **Illinois – 5.7%** | **Illinois – 5.7%** | **Illinois – 5.7%** | **Illinois – 5.7%** |
|  Chicago Board of Education<br> (Chicago Board of Education)<br>Series 2023-A<br>5.00%, 12/01/2034 |  | 150 |  | 152380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/01/2049 |  | 300 |  | 305604 |
|  City of Chicago IL<br> (City of Chicago IL)<br>Series 2019-A<br>5.50%, 01/01/2049 |  | 300 |  | 286375 |
|  Metropolitan Pier & Exposition Authority<br> (Metropolitan Pier & Exposition Authority)<br>Series 2017<br>0.00%, 12/15/2042<sup>(b)</sup> |  | 350 |  | 245724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.00%, 06/15/2050 |  | 310 |  | 296672 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  State of Illinois<br> (State of Illinois)<br>Series 2023-B<br>5.50%, 05/01/2047 | $| 350 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356697 |
|  |  |  |  | 1643452 |
|  **Indiana – 3.6%** | **Indiana – 3.6%** | **Indiana – 3.6%** | **Indiana – 3.6%** | **Indiana – 3.6%** |
|  City of Valparaiso IN<br> (Pratt Paper IN LLC)<br>Series 2024<br>4.875%, 01/01/2044<sup>(a)</sup> |  | 100 |  | 94682 |
|  Indiana Finance Authority<br> (Parkview Health System Obligated Group)<br>Series 2024-A<br>5.00%, 11/01/2054<sup>(a)</sup> |  | 100 |  | 99091 |
|  Indiana Finance Authority<br> (University of Evansville)<br>Series 2022<br>5.25%, 09/01/2057 |  | 100 |  | 89852 |
|  Indianapolis Local Public Improvement Bond Bank<br> (Pan Am Plaza Hotel)<br>Series 2023<br>6.00%, 03/01/2053 |  | 150 |  | 152410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-F<br>7.75%, 03/01/2067 |  | 100 |  | 107817 |
| &nbsp;&nbsp;&nbsp;&nbsp; BAM Series 2023<br>5.25%, 03/01/2067 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 |  | 505202 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1049054 |
|  **Kentucky – 0.7%** | **Kentucky – 0.7%** | **Kentucky – 0.7%** | **Kentucky – 0.7%** | **Kentucky – 0.7%** |
|  Kentucky Public Energy Authority<br> (BP PLC)<br>Series 2024-B<br>5.00%, 01/01/2055 |  | 200 |  | 213121 |
|  **Maine – 0.7%** | **Maine – 0.7%** | **Maine – 0.7%** | **Maine – 0.7%** | **Maine – 0.7%** |
|  Finance Authority of Maine<br> (Casella Waste Systems)<br>Series 2024<br>4.625%, 12/01/2047<sup>(a)</sup> |  | 200 |  | 193818 |
|  **Maryland – 2.4%** | **Maryland – 2.4%** | **Maryland – 2.4%** | **Maryland – 2.4%** | **Maryland – 2.4%** |
|  Maryland Economic Development Corp.<br> (Purple Line Transit Partners)<br>Series 2022<br>5.25%, 06/30/2047 |  | 570 |  | 551415 |
|  Maryland Stadium Authority<br> (Baltimore City Public School Construction Financing Fund)<br>Series 2020<br>5.00%, 05/01/2050 |  | 150 |  | 153927 |
|  |  |  |  | 705342 |
|  **Massachusetts – 3.6%** | **Massachusetts – 3.6%** | **Massachusetts – 3.6%** | **Massachusetts – 3.6%** | **Massachusetts – 3.6%** |
|  Commonwealth of Massachusetts<br> (Commonwealth of Massachusetts)<br>Series 2021-B<br>2.00%, 04/01/2050 |  | 150 |  | 82880 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Massachusetts Bay Transportation Authority Sales Tax Revenue<br> (Massachusetts Bay Transportation Authority Sales Tax Revenue)<br>Series 2023-A<br>5.25%, 07/01/2048 | $| 835 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862746 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.25%, 07/01/2055 |  | 100 |  | 103722 |
|  |  |  |  | 1049348 |
|  **New Hampshire – 4.1%** | **New Hampshire – 4.1%** | **New Hampshire – 4.1%** | **New Hampshire – 4.1%** | **New Hampshire – 4.1%** |
|  New Hampshire Business Finance Authority<br> (NFA 2025-1)<br>Series 2025<br>5.75%, 04/28/2042 |  | 150 |  | 151880 |
|  New Hampshire Business Finance Authority<br> (Novant Health Obligated Group)<br>Series 2025<br>5.50%, 06/01/2055 |  | 100 |  | 101211 |
|  New Hampshire Business Finance Authority<br> (University of Nevada Reno)<br>BAM Series 2023<br>4.50%, 06/01/2053 |  | 1000 |  | 921616 |
|  |  |  |  | 1174707 |
|  **New Jersey – 6.4%** | **New Jersey – 6.4%** | **New Jersey – 6.4%** | **New Jersey – 6.4%** | **New Jersey – 6.4%** |
|  New Jersey Transportation Trust Fund Authority<br> (State of New Jersey Lease)<br>Series 2023-B<br>5.25%, 06/15/2050 |  | 825 |  | 841351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C<br>5.00%, 06/15/2045 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 |  | 1006538 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1847889 |
|  **New York – 7.4%** | **New York – 7.4%** | **New York – 7.4%** | **New York – 7.4%** | **New York – 7.4%** |
|  Metropolitan Transportation Authority<br> (Metropolitan Transportation Authority)<br>Series 2017<br>Zero Coupon, 11/15/2033 |  | 575 |  | 423891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.25%, 11/15/2049 |  | 510 |  | 515281 |
|  New York City Transitional Finance Authority<br> (New York City Transitional Finance Authority Future Tax Secured Revenue)<br>Series 2025<br>5.00%, 05/01/2050 |  | 500 |  | 504393 |
|  New York Liberty Development Corp.<br> (7 World Trade Center II)<br>Series 2022<br>3.00%, 09/15/2043 |  | 500 |  | 387285 |
|  New York Transportation Development Corp.<br> (JFK NTO LLC)<br>Series 2023<br>5.375%, 06/30/2060 |  | 100 |  | 94807 |
|  Onondaga Civic Development Corp.<br> (Syracuse University)<br>Series 2025<br>5.50%, 12/01/2056 |  | 100 |  | 105467 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Suffolk Regional Off-Track Betting Corp.<br> (Suffolk Regional Off-Track Betting)<br>Series 2024<br>6.00%, 12/01/2053 | $| 100 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99566 |
|  |  |  |  | 2130690 |
|  **North Carolina – 2.0%** | **North Carolina – 2.0%** | **North Carolina – 2.0%** | **North Carolina – 2.0%** | **North Carolina – 2.0%** |
|  Nash Health Care Systems<br> (Nash Health Care Systems)<br>Series 2025<br>5.75%, 02/01/2050 |  | 500 |  | 520732 |
|  North Carolina Turnpike Authority<br> (North Carolina Turnpike Authority)<br>AG Series 2024<br>Zero Coupon, 01/01/2052 |  | 250 |  | 65070 |
|  |  |  |  | 585802 |
|  **Ohio – 3.8%** | **Ohio – 3.8%** | **Ohio – 3.8%** | **Ohio – 3.8%** | **Ohio – 3.8%** |
|  Buckeye Tobacco Settlement Financing Authority<br> (Buckeye Tobacco Settlement Financing Authority)<br>Series 2020-B<br>5.00%, 06/01/2055 |  | 100 |  | 80773 |
|  Port of Greater Cincinnati Development Authority<br> (Duke Energy Convention Center Project)<br>Series 2024<br>5.00%, 12/01/2053 |  | 100 |  | 97863 |
|  State of Ohio<br> (University Hospitals Health System Obligated Group)<br>Series 2016<br>4.00%, 01/15/2046 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1100 |  | 932458 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1111094 |
|  **Oklahoma – 2.0%** | **Oklahoma – 2.0%** | **Oklahoma – 2.0%** | **Oklahoma – 2.0%** | **Oklahoma – 2.0%** |
|  Oklahoma Turnpike Authority<br> (Oklahoma Turnpike Authority)<br>Series 2025-B<br>5.00%, 01/01/2040<sup>(c)</sup> |  | 250 |  | 268154 |
|  Tulsa Municipal Airport Trust Trustees/OK<br> (American Airlines, Inc.)<br>Series 2025<br>6.25%, 12/01/2040 |  | 100 |  | 108333 |
|  University of Oklahoma (The)<br> (University of Oklahoma/The)<br>BAM Series 2024-A<br>5.00%, 07/01/2044 |  | 200 |  | 204427 |
|  |  |  |  | 580914 |
|  **Oregon – 1.5%** | **Oregon – 1.5%** | **Oregon – 1.5%** | **Oregon – 1.5%** | **Oregon – 1.5%** |
|  Port of Portland OR Airport Revenue<br> (Port of Portland OR Airport Revenue)<br>Series 2022-2<br>4.00%, 07/01/2047 |  | 500 |  | 425236 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Pennsylvania – 4.0%** | **Pennsylvania – 4.0%** | **Pennsylvania – 4.0%** |
|  Pennsylvania Higher Educational Facilities Authority<br> (University of Pennsylvania Health System Obligated Group)<br>Series 2025<br>5.00%, 08/15/2055 | $120 | $120184 |
|  Pennsylvania State University (The)<br> (Pennsylvania State University)<br>Series 2023<br>5.25%, 09/01/2053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1030326 |
|  |  | 1150510 |
|  **Puerto Rico – 0.4%** | **Puerto Rico – 0.4%** | **Puerto Rico – 0.4%** |
|  Commonwealth of Puerto Rico<br> (Commonwealth of Puerto Rico)<br>Series 2022-C<br>Zero Coupon, 11/01/2043 | 166 | 103986 |
|  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue<br> (Puerto Rico Sales Tax Financing Sales Tax Revenue)<br>Series 2018-A<br>Zero Coupon, 07/01/2051 | 100 | 23166 |
|  |  | 127152 |
|  **South Carolina – 5.1%** | **South Carolina – 5.1%** | **South Carolina – 5.1%** |
|  South Carolina Jobs-Economic Development Authority<br> (Bon Secours Mercy Health)<br>Series 2020<br>5.00%, 12/01/2046 | 1000 | 971698 |
|  South Carolina Jobs-Economic Development Authority<br> (Novant Health Obligated Group)<br>Series 2024<br>5.50%, 11/01/2054 | 500 | 513432 |
|  |  | 1485130 |
|  **Tennessee – 1.5%** | **Tennessee – 1.5%** | **Tennessee – 1.5%** |
|  Bristol Industrial Development Board<br> (Bristol Industrial Development Board Sales Tax)<br>Series 2016-A<br>5.125%, 12/01/2042<sup>(a)</sup> | 280 | 257539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-B<br>Zero Coupon, 12/01/2031<sup>(a)</sup> | 100 | 70405 |
|  Shelby County Health & Educational Facilities Board<br> (Madrone Memphis Student Housing I)<br>Series 2024<br>5.25%, 06/01/2056<sup>(a)</sup> | 100 | 89991 |
|  |  | 417935 |
|  **Texas – 4.5%** | **Texas – 4.5%** | **Texas – 4.5%** |
|  City of Houston TX Airport System Revenue<br> (United Airlines, Inc.)<br>Series 2024-B<br>5.50%, 07/15/2038 | 100 | 104367 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Hidalgo County Regional Mobility Authority<br> (Hidalgo County Regional Mobility Authority)<br>Series 2022-B<br>Zero Coupon, 12/01/2046 | $| 335 | $| 100745 |
|  Port of Beaumont Navigation District<br> (Jefferson 2020 Bond Lessee & Borrower Obligated Group)<br>Series 2024<br>5.25%, 01/01/2054<sup>(a)</sup> |  | 100 |  | 88371 |
|  Texas Water Development Board<br> (State Water Implementation Revenue Fund for Texas)<br>Series 2023-A<br>5.00%, 10/15/2058 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1006235 |
|  |  |  |  | 1299718 |
|  **Utah – 0.4%** | **Utah – 0.4%** | **Utah – 0.4%** | **Utah – 0.4%** | **Utah – 0.4%** |
|  Utah Infrastructure Agency<br> (Utah Infrastructure Agency)<br>Series 2024<br>5.50%, 10/15/2044 |  | 100 |  | 102596 |
|  **Virginia – 3.9%** | **Virginia – 3.9%** | **Virginia – 3.9%** | **Virginia – 3.9%** | **Virginia – 3.9%** |
|  Fairfax County Industrial Development Authority<br> (Inova Health System Obligated Group)<br>Series 2022<br>4.00%, 05/15/2042 |  | 1000 |  | 917757 |
|  Henrico County Economic Development Authority<br> (Bon Secours Mercy Health)<br>Series 2025<br>5.00%, 11/01/2048 |  | 100 |  | 99323 |
|  James City County Economic Development Authority<br> (Williamsburg Landing Obligated Group)<br>Series 2024-A<br>6.875%, 12/01/2058 |  | 100 |  | 105580 |
|  |  |  |  | 1122660 |
|  **Washington – 3.4%** | **Washington – 3.4%** | **Washington – 3.4%** | **Washington – 3.4%** | **Washington – 3.4%** |
|  Vancouver Housing Authority<br> (Vancouver Housing Authority)<br>Series 2025<br>4.25%, 02/01/2038 |  | 1000 |  | 972329 |
|  **Wisconsin – 4.9%** | **Wisconsin – 4.9%** | **Wisconsin – 4.9%** | **Wisconsin – 4.9%** | **Wisconsin – 4.9%** |
|  Wisconsin Health & Educational Facilities Authority<br> (Forensic Science & Protective Medicine Collaboration)<br>Series 2024<br>5.00%, 08/01/2027<sup>(a)</sup> |  | 150 |  | 152329 |
|  Wisconsin Public Finance Authority<br> (Inperium Obligated Group)<br>Series 2024<br>5.75%, 12/01/2054<sup>(a)</sup> |  | 100 |  | 95406 |
|  Wisconsin Public Finance Authority<br> (Puerto Rico Tollroads LLC)<br>Series 2024<br>5.50%, 07/01/2044 |  | 200 |  | 196806 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Wisconsin Public Finance Authority<br> (SR 400 Peach Partners LLC)<br>Series 2025<br>5.75%, 12/31/2065 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $976928 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1421469 |
|  Total Long-Term Municipal Bonds <br>(cost $29,246,348) | Total Long-Term Municipal Bonds <br>(cost $29,246,348) | Total Long-Term Municipal Bonds <br>(cost $29,246,348) | 28241131 |
|  **Short-Term Municipal Notes – 1.7%** | **Short-Term Municipal Notes – 1.7%** | **Short-Term Municipal Notes – 1.7%** | **Short-Term Municipal Notes – 1.7%** |
|  **New York – 1.4%** | **New York – 1.4%** | **New York – 1.4%** | **New York – 1.4%** |
|  City of New York NY<br> (City of New York NY)<br>Series 2008-L<br>3.85%, 04/01/2038<sup>(d)</sup> |  | 300 | 300000 |
|  Triborough Bridge & Tunnel Authority<br> (Triborough Bridge & Tunnel Authority)<br>Series 2022-B<br>3.85%, 01/01/2033<sup>(d)</sup> |  | 100 | 100000 |
|  |  |  | 400000 |
|  **Oregon – 0.3%** | **Oregon – 0.3%** | **Oregon – 0.3%** | **Oregon – 0.3%** |
|  Oregon State Facilities Authority<br> (PeaceHealth Obligated Group)<br>Series 2018-A<br>3.75%, 08/01/2034<sup>(d)</sup> |  | 100 | 100000 |
|  Total Short-Term Municipal Notes <br>(cost $500,000) | Total Short-Term Municipal Notes <br>(cost $500,000) | Total Short-Term Municipal Notes <br>(cost $500,000) | 500000 |
|  **Total Investments – 99.2%** <br>(cost $29,746,348)<sup>(e)</sup> | **Total Investments – 99.2%** <br>(cost $29,746,348)<sup>(e)</sup> | **Total Investments – 99.2%** <br>(cost $29,746,348)<sup>(e)</sup> | 28741131 |
|  Other assets less liabilities – 0.8% | Other assets less liabilities – 0.8% | Other assets less liabilities – 0.8% | 245928 |
|  **Net Assets – 100.0%** | **Net Assets – 100.0%** | **Net Assets – 100.0%** | $**28987059** |

---

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>August 31,<br>2025** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid**<br> **(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 44, 5 Year Index, 06/20/2030\* | 5.00% | Quarterly | 3.21% | USD | 90 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7410) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3654) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3756) |

---

*\** *Termination date* 

------

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 1270 | 10/15/2028 | CPI# | 2.565% | Maturity | $(13236) | $— | $(13236) |
| USD | 1200 | 10/15/2029 | 2.569% | CPI# | Maturity | 10713 |  | 10713 |
| USD | 1100 | 10/15/2029 | 2.485% | CPI# | Maturity | 14266 |  | 14266 |
| USD | 867 | 10/15/2029 | 2.499% | CPI# | Maturity | 10659 |  | 10659 |
| USD | 867 | 10/15/2029 | 2.516% | CPI# | Maturity | 9949 |  | 9949 |
| USD | 866 | 10/15/2029 | 2.451% | CPI# | Maturity | 12637 |  | 12637 |
| USD | 1330 | 10/15/2030 | CPI# | 2.531% | Maturity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13391) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13391) |
|  |  |  |  |  |  | $31597 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $31597 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 200 | 10/15/2030 | 1 Day SOFR | 4.092% | Annual | $6608 | $— | $6608 |
| USD | 1200 | 12/03/2031 | 1 Day SOFR | 4.036% | Annual | 37846 |  | 37846 |
| USD | 400 | 06/15/2034 | 3.543% | 1 Day SOFR | Annual | 3133 | 45 | 3088 |
| USD | 300 | 08/15/2034 | 3.231% | 1 Day SOFR | Annual | 9423 |  | 9423 |
| USD | 240 | 08/15/2034 | 3.450% | 1 Day SOFR | Annual | 3486 |  | 3486 |
| USD | 210 | 08/15/2034 | 3.183% | 1 Day SOFR | Annual | 7383 |  | 7383 |
| USD | 920 | 02/15/2035 | 3.738% | 1 Day SOFR | Annual | (2635) |  | (2635) |
| USD | 1220 | 12/30/2044 | 1 Day SOFR | 4.166% | Annual | 14994 |  | 14994 |
| USD | 600 | 12/30/2044 | 1 Day SOFR | 4.240% | Annual | 13795 |  | 13795 |
| USD | 240 | 01/05/2045 | 1 Day SOFR | 4.283% | Annual | 6974 |  | 6974 |
| USD | 1065 | 01/13/2045 | 1 Day SOFR | 4.057% | Annual | (3464) |  | (3464) |
| USD | 200 | 01/13/2045 | 1 Day SOFR | 4.156% | Annual | 2355 | (82) | 2437 |
| USD | 200 | 01/13/2045 | 1 Day SOFR | 4.189% | Annual | 3277 |  | 3277 |
| USD | 270 | 12/09/2053 | 3.584% | 1 Day SOFR | Annual | 24346 | (108) | 24454 |
| USD | 335 | 11/15/2054 | 3.924% | 1 Day SOFR | Annual | 9894 | (164) | 10058 |
| USD | 400 | 02/05/2055 | 3.942% | 1 Day SOFR | Annual | 10414 |  | 10414 |
| USD | 300 | 05/05/2055 | 3.962% | 1 Day SOFR | Annual | 6422 |  | 6422 |
| USD | 200 | 05/05/2055 | 3.806% | 1 Day SOFR | Annual | 9816 |  | 9816 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164067 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(309) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164376 |

---

*(a)* *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 $2,121,265 or 7.3% of net assets.* 

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

*(c)* *When-Issued or delayed delivery security.* 

*(d)* *Variable Rate Demand Notes are instruments whose interest rates change on a specific date (such as coupon date or interest payment date) or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). This instrument is payable on demand and is secured by letters of credit or other credit support agreements from major banks.* 

*(e)* *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 $303,947 and gross unrealized depreciation of investments was $(1,116,947), resulting in net unrealized depreciation of $(813,000).* 

------

*As of August 31, 2025, the Fund's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 8.0% and 0.0%, respectively.* 

*Glossary:* 

*AG – Assured Guaranty Inc.* 

*BAM – Build American Mutual* 

*CDX-NAHY – North American High Yield Credit Default Swap Index* 

*COP – Certificate of Participation* 

*SOFR – Secured Overnight Financing Rate* 

------

**AB Active ETFs, Inc.** 

**AB Tax-Aware Long Municipal 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.

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:** |  |  |  |  |
| Long-Term Municipal Bonds | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28241131 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28241131 |
| Short-Term Municipal Notes |  | 500000 |  | 500000 |
| Total Investments in Securities |  | 28741131 |  | 28741131 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Centrally Cleared Inflation (CPI) Swaps |  | 58224 |  | 58224 |
| Centrally Cleared Interest Rate Swaps |  | 170166 |  | 170166 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Liabilities:** |  |  |  |  |
| Centrally Cleared Credit Default Swaps | $— | $(7410) | $— | $(7410) |
| Centrally Cleared Inflation (CPI) Swaps |  | (26627) |  | (26627) |
| Centrally Cleared Interest Rate Swaps |  | (6099) |  | (6099) |
| **Total** | $**—** | $**28929385** | $**—** | $**28929385** |

---

*<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 ended August 31, 2025 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value<br>11/30/2024<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>08/31/2025<br>(000)** | **Dividend<br>Income<br>(000)** |
| AB Government Money Market Portfolio | $256 | $5868 | $6124 | $0 | $5 |

---

## 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 Tax-Aware Long Municipal ETF

- **b. EDGAR series identifier (if any):** S000082570

- **c. LEI of Series:** 254900L32AHCXA8MFY47

**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:** $29480379.16

**Total Liabilities:** $493356.36

**Net Assets:** $28987022.80

**Delayed Delivery Securities:** $275892.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -30.56000000 | **1-Year:** -643.82000000 | **5-Year:** -3902.40000000 | **10-Year:** -13571.99000000 | **30-Year:** -6549.71000000

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

- **3-Month:** -4.03000000 | **1-Year:** -97.89000000 | **5-Year:** -476.28000000 | **10-Year:** -1445.57000000 | **30-Year:** -728.48000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245886 | 0.69%                | -0.78%               | 0.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-10429.27               | $97812.94                                  |
| Month 2  | $-15999.51               | $-325036.60                                |
| Month 3  | $-69941.43               | $183768.00                                 |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond: 20 Year (17-22)

- **Index Identifier:** LM20TR:IND

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Los Angeles Department of Water & Power                      | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532PV0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501126.50    | 1.73%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                     | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94806.85     | 0.33%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                              | CMFA SPL FIN AGY VII CA ESSENTIAL HSG REVENUE                                                                                      | CUSIP: 12574UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $64881.19     | 0.22%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority             | MARICOPA CNTY AZ INDL DEV AUTH EDUCTNL FACS REVENUE                                                                                | CUSIP: 56678RAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $139906.04    | 0.48%             | 2058-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS30EP8   IRS USD R F  2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8   IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1270000 | OU      | $-13236.40    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS2ZA89   IRS USD R V 00MSOFR IS2ZA90 CCPOIS / Short: BS2ZA89   IRS USD P F  3.18250 IS2ZA89 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    210000 | OU      | $7382.81      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue  | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647PE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035168.10   | 3.57%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND                                                                               | CUSIP: 88285ADU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006235.30   | 3.47%             | 2058-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS31F03   IRS USD R V 12MUSCPI IS31F14 CCPINFLATIONZERO / Short: BS31F03   IRS USD P F  2.48500 IS31F03 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1100000 | OU      | $14265.91     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Venice FL                                            | VENICE FL                                                                                                                          | CUSIP: 922687AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $92852.85     | 0.32%             | 2060-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                   | STAMFORD CT HSG AUTH                                                                                                               | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98625.13     | 0.34%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank              | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152410.40    | 0.53%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                    | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104366.42    | 0.36%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority               | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                                                                                            | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $80772.93     | 0.28%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS2YDU9   IRS USD R V 00MSOFR IS2YDV0 CCPOIS / Short: BS2YDU9   IRS USD P F  3.44950 IS2YDU9 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    240000 | OU      | $3485.90      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS30759   IRS USD R V 12MUSCPI IS30760 CCP INFLATION ZERO / Short: BS30759   IRS USD P F  2.45000 BS30759 CCP INFLATION ZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    866000 | OU      | $12637.45     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| State of Ohio                                                | OHIO ST HOSP REVENUE                                                                                                               | CUSIP: 67756CCV8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $932457.57    | 3.22%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    400000 | PA      | $424948.84    | 1.47%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS2Y860   IRS USD R V 00MSOFR IS2Y871 CCPOIS / Short: BS2Y860   IRS USD P F  3.54300 IS2Y860 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    400000 | OU      | $3132.81      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nash Health Care Systems                                     | NASH HLTH CARE SYS NC HLTH CARE FACS REVENUE                                                                                       | CUSIP: 631163BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520732.00    | 1.80%             | 2050-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS32MF0   IRS USD R V 00MSOFR IS32MG1 CCPOIS / Short: BS32MF0   IRS USD P F  3.73750 IS32MF0 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    920000 | OU      | $-2634.66     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                            | PENNSYLVANIA ST UNIV                                                                                                               | CUSIP: 7092352L8<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030326.10   | 3.55%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Vail CO                                              | VAIL CO COPS                                                                                                                       | CUSIP: 91878DAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $775531.73    | 2.68%             | 2064-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE                                                                              | CUSIP: 575579Q83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $862746.05    | 2.98%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                              | Long: BS34A07   CDS USD R V 03MEVENT IS34A18 CCPCDX / Short: BS34A07   CDS USD P F  5.00000 IS34A07 CCPCDX                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     90000 | OU      | $-7409.75     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    350000 | PA      | $364932.79    | 1.26%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PH32<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $95405.81     | 0.33%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS2Z186   IRS USD R V 00MSOFR IS2Z197 CCPOIS / Short: BS2Z186   IRS USD P F  3.23100 IS2Z186 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    300000 | OU      | $9422.58      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority              | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE                                                                                    | CUSIP: 30382VAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917757.40    | 3.17%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS34NL9   IRS USD R F  4.18900 IS34NL9 CCPOIS / Short: SS34NL9   IRS USD P V 00MSOFR IS34NM0 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    200000 | OU      | $3276.70      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank              | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528U7L9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107817.23    | 0.37%             | 2067-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                     | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250DM3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    310000 | PA      | $296672.39    | 1.02%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                            | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                       | CUSIP: 649519EY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $387284.95    | 1.34%             | 2043-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS325V7   IRS USD R V 00MSOFR IS325W8 CCPOIS / Short: BS325V7   IRS USD P F  3.94150 IS325V7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    400000 | OU      | $10414.32     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority         | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 70917TTV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120183.96    | 0.41%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp                      | SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                                                                                         | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99565.79     | 0.34%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS31O62   IRS USD R F  4.28300 IS31O62 CCPOIS / Short: SS31O62   IRS USD P V 00MSOFR IS31O73 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    240000 | OU      | $6974.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                              | ONONDAGA NY CIVIC DEV CORP                                                                                                         | CUSIP: 682832LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105467.04    | 0.36%             | 2056-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                   | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505ZA7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152379.56    | 0.53%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                  | OKLAHOMA ST TURNPIKE AUTH                                                                                                          | CUSIP: 679111F74<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268154.13    | 0.93%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE                                                                              | CUSIP: 5755792J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103721.96    | 0.36%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                   | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467DB5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102596.44    | 0.35%             | 2044-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS34BI2   IRS USD R V 00MSOFR IS34BJ3 CCPOIS / Short: BS34BI2   IRS USD P F  3.96150 IS34BI2 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    300000 | OU      | $6422.05      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                      | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 626207Z72<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973487.00    | 3.36%             | 2063-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                         | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                                                                             | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101875.40    | 0.35%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS31F25   IRS USD R F  4.09150 IS31F25 CCPOIS / Short: SS31F25   IRS USD P V 00MSOFR IS31F36 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    200000 | OU      | $6608.11      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                  | VANCOUVER WA HSG AUTH                                                                                                              | CUSIP: 921626PU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972329.30    | 3.35%             | 2038-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS30FB1   IRS USD R F  2.53125 IS30FB1 CCPINFLATIONZERO / Short: SS30FB1   IRS USD P V 12MUSCPI IS30FC2 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1330000 | OU      | $-13391.44    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Territory of Guam                                            | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267724.80    | 0.92%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                        | CAPITAL PROJS FIN AUTH FL EDUCTNL FACS REVENUE                                                                                     | CUSIP: 14043FAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101021.90    | 0.35%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS309H5   IRS USD R V 12MUSCPI IS309I6 CCPINFLATIONZERO / Short: BS309H5   IRS USD P F  2.51600 IS309H5 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    867000 | OU      | $9949.31      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue          | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                                                                                         | CUSIP: 4387012C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $68117.88     | 0.23%             | 2045-07-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                   | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505ZG4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    300000 | PA      | $305604.06    | 1.05%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                   | MAINE ST FIN AUTH SOL WST DISP REVENUE                                                                                             | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $193817.96    | 0.67%             | 2047-12-01      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                            | ILLINOIS ST                                                                                                                        | CUSIP: 452153FL8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    350000 | PA      | $356696.73    | 1.23%             | 2047-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                    | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                               | CUSIP: 45471CCR7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99090.61     | 0.34%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                             | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213120.76    | 0.74%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                     | NATIONAL FIN AUTH LEASE REVENUE                                                                                                    | CUSIP: 63610FBM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921616.00    | 3.18%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority           | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE                                                                             | CUSIP: 83703EMR3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971698.60    | 3.35%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                          | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 7352402R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $425236.05    | 1.47%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS2VUR6   IRS USD R F  4.05650 IS2VUR6 CCPOIS / Short: SS2VUR6   IRS USD P V 00MSOFR IS2VUS7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1065000 | OU      | $-3463.87     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Shelby County Health & Educational Facilities Board          | SHELBY CNTY TENN HEALTH EDL & HSG FAC BRD STUDENT HSG REVENU                                                                       | CUSIP: 82170LAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89990.96     | 0.31%             | 2056-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority             | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE                                                                                         | CUSIP: 734195ED8<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97863.52     | 0.34%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                         | DIST OF COLUMBIA TAX INCR REVENUE                                                                                                  | CUSIP: 254840EC1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100505.97    | 0.35%             | 2034-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                     | NATIONAL FIN AUTH NH REVENUE                                                                                                       | CUSIP: 63607YCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101211.05    | 0.35%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma/The                                   | UNIV OK REVENUES                                                                                                                   | CUSIP: 91476PZR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204427.46    | 0.71%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority             | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                                                                                        | CUSIP: 56678PAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $450813.65    | 1.56%             | 2042-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                | HENRICO CNTY VA ECON DEV AUTH HLTH FACS REVENUE                                                                                    | CUSIP: 42605XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99323.05     | 0.34%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                           | CHICAGO IL                                                                                                                         | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    300000 | PA      | $286375.17    | 0.99%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                             | FLORIDA ST DEV FIN CORP                                                                                                            | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $94969.57     | 0.33%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                  | PUERTO RICO CMWLTH                                                                                                                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    165714 | PA      | $103985.72    | 0.36%             | 2043-11-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                         | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                       | CUSIP: 11023PAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $70405.01     | 0.24%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                   | MARYLAND ST STADIUM AUTH REVENUE                                                                                                   | CUSIP: 574296CR8<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153927.02    | 0.53%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue             | LOS ANGELES CA WSTWTR SYS REVENUE                                                                                                  | CUSIP: 53945CMD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203628.60    | 0.70%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                   | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI                                                                       | CUSIP: 42934ABZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $100745.02    | 0.35%             | 2046-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                          | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                     | CUSIP: 13013FAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $76871.22     | 0.27%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                             | FLORIDA ST DEV FIN CORP                                                                                                            | CUSIP: 34062AAE1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $90475.45     | 0.31%             | 2059-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                     | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                                                                                             | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151879.52    | 0.52%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                           | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE                                                                                    | CUSIP: 57422JBY3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    570000 | PA      | $551414.98    | 1.90%             | 2047-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                     | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                        | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $47791.54     | 0.16%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                    | TULSA OK MUNI ARPT TRUST TRUSTEES                                                                                                  | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108332.60    | 0.37%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                         | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                                  | CUSIP: 73360CAR5<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    100000 | PA      | $88371.37     | 0.30%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                 | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JTT5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504392.45    | 1.74%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 64613CGG7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006537.90   | 3.47%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 5444453D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103799.31    | 0.36%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority             | JAMES CITY CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE                                                                             | CUSIP: 47029WEG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105579.76    | 0.36%             | 2058-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    825000 | PA      | $841351.01    | 2.90%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                        | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261APJ0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    575000 | PA      | $423891.38    | 1.46%             | 2033-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                          | NEW YORK NY                                                                                                                        | CUSIP: 64966G4P4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 1.03%             | 2038-04-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PF59<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $196806.44    | 0.68%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                         | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                        | CUSIP: 89602RHH1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.34%             | 2033-01-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS31GE4   IRS USD R F  4.16550 IS31GE4 CCPOIS / Short: SS31GE4   IRS USD P V 00MSOFR IS31GF5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1220000 | OU      | $14993.71     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS34LM6   IRS USD R F  4.15600 IS34LM6 CCPOIS / Short: SS34LM6   IRS USD P V 00MSOFR IS34LN7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    200000 | OU      | $2355.40      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                         | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                   | CUSIP: 31222PAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199946.04    | 0.69%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS31GW2   IRS USD R V 00MSOFR IS31GX3 CCPOIS / Short: BS31GW2   IRS USD P F  3.92400 IS31GW2 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    335000 | OU      | $9894.53      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority           | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                             | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513431.75    | 1.77%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                        | VALPARAISO IN EXEMPT FACS REVENUE                                                                                                  | CUSIP: 92028RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94681.81     | 0.33%             | 2044-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                  | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $23166.39     | 0.08%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                    | INDIANA FIN AUTH EDUCTNL FACS REVENUE                                                                                              | CUSIP: 45470ECC7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $89851.47     | 0.31%             | 2057-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS31E40   IRS USD R F  4.03600 IS31E40 CCPOIS / Short: SS31E40   IRS USD P V 00MSOFR IS31E51 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1200000 | OU      | $37845.73     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority         | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                                                                                           | CUSIP: 19645URG1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    100000 | PA      | $94472.30     | 0.33%             | 2054-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                     | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250CX0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    350000 | PA      | $245724.15    | 0.85%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS308B2   IRS USD R V 12MUSCPI IS308C3 CCPINFLATION ZERO / Short: BS308B2   IRS USD P F  2.49900 BS308B2 CCP INFLATION ZERO  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    867000 | OU      | $10659.57     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                     | ARIZONA ST INDL DEV AUTH EDU REVENUE                                                                                               | CUSIP: 04052BLR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $108367.83    | 0.37%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                        | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261A2J5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    510000 | PA      | $515281.20    | 1.78%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                     | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                       | CUSIP: 04052FEM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195586.98    | 0.67%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS31T56   IRS USD R V 12MUSCPI IS31T67 CCPINFLATIONZERO / Short: BS31T56   IRS USD P F  2.56880 IS31T56 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1200000 | OU      | $10713.24     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                               | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    120000 | PA      | $110279.17    | 0.38%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS30ZH7   IRS USD R V 00MSOFR IS30ZI8 CCPOIS / Short: BS30ZH7   IRS USD P F  3.58400 IS30ZH7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    270000 | OU      | $24346.07     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                            | OREGON ST FACS AUTH REVENUE                                                                                                        | CUSIP: 68608JXD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.34%             | 2034-08-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS346Q5   IRS USD R V 00MSOFR IS346R6 CCPOIS / Short: BS346Q5   IRS USD P F  3.80550 IS346Q5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    200000 | OU      | $9815.92      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                | MASSACHUSETTS ST                                                                                                                   | CUSIP: 57582RN93<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    150000 | PA      | $82880.01     | 0.29%             | 2050-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                         | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                   | CUSIP: 31222PAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200135.46    | 0.69%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | PUBLIC FIN AUTH WI TOLL REVENUE                                                                                                    | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976927.80    | 3.37%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank              | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528U7K1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505202.45    | 1.74%             | 2067-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority          | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152329.28    | 0.53%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                            | NORTH CAROLINA ST TURNPIKE AUTH                                                                                                    | CUSIP: 65830RDD8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    250000 | PA      | $65070.33     | 0.22%             | 2052-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                     | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                        | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $343320.70    | 1.18%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                         | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                       | CUSIP: 11023PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $257538.90    | 0.89%             | 2042-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS31RJ6   IRS USD R F  4.24000 IS31RJ6 CCPOIS / Short: SS31RJ6   IRS USD P V 00MSOFR IS31RK7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    600000 | OU      | $13794.68     | 0.05%             |  |  |  | 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