# EDGAR Filing Document

**Accession Number:** 0001604813
**File Stem:** 0001133228-26-005042
**Filing Date:** 2026-4
**Character Count:** 166827
**Document Hash:** b17e24ebc3367a799edbea7132e12804
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-005042.hdr.sgml**: 20260410

**ACCESSION NUMBER**: 0001133228-26-005042

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 36

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260410

**DATE AS OF CHANGE**: 20260410

**EFFECTIVENESS DATE**: 20260410

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Abacus FCF ETF Trust
- **CENTRAL INDEX KEY:** 0001604813

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22995
- **FILM NUMBER:** 26853354

**BUSINESS ADDRESS:**
- **STREET 1:** 2101 PARK CENTER DRIVE, SUITE 250
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835
- **BUSINESS PHONE:** 1-212-217-2597

**MAIL ADDRESS:**
- **STREET 1:** 2101 PARK CENTER DRIVE, SUITE 250
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TrimTabs ETF Trust
- **DATE OF NAME CHANGE:** 20140407

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TrimTabs EFT Trust
- **DATE OF NAME CHANGE:** 20140404

## Series and Classes Contracts Data

### Abacus FCF Leaders ETF (Series ID: S000054995)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000172974 | Abacus FCF Leaders ETF | ABFL            |

### Abacus FCF International Leaders ETF (Series ID: S000056835)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000180511 | Abacus FCF International Leaders ETF | ABLG            |

### Abacus FCF Innovation Leaders ETF (Series ID: S000069939)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000222767 | Abacus FCF Innovation Leaders ETF | ABOT            |

### Abacus Flexible Bond Leaders ETF (Series ID: S000069940)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000222768 | Abacus Flexible Bond Leaders ETF | ABXB            |

### Abacus FCF Real Assets Leaders ETF (Series ID: S000074479)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000232424 | Abacus FCF Real Assets Leaders ETF | ABLD            |

### Abacus FCF Small Cap Leaders ETF (Series ID: S000085700)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000251044 | Abacus FCF Small Cap Leaders ETF | ABLS            |

?xml version='1.0' encoding='ASCII'? 2025-12-02199148_AbacusFCFInnovationLeadersETF_TF_TSRSemiAnnual

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number **811-22995**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Abacus FCF ETF Trust</u>**

(Exact name of registrant as specified in charter)

**<u>2101 Park Center Drive, Suite 290</u>**

**<u>Orlando, FL 32835</u>**

(Address of principal executive offices) (Zip code)

**<u>Derin Cohen</u>**

**<u>2101 Park Center Drive, Suite 290</u>**

**<u>Orlando, FL 32835</u>**

(Name and address of agent for service)

**1-212-217-2597**

Registrant's telephone number, including area code

Date of fiscal year end: **July 31**

Date of reporting period: **January 31, 2026**

**<u>Item 1. Reports to Stockholders.</u>**

(a) ---

| | | |
|:---|:---|:---|
| ![image](img136868_202502281729388.jpg) | **Abacus FCF Innovation Leaders ETF**  | ![image](img89949_202503041744528.jpg) |
| ![image](img136868_202502281729388.jpg) | ABOT\| (Principal U.S. Listing Exchange: CBOE) | ![image](img89949_202503041744528.jpg) |
| ![image](img136868_202502281729388.jpg) | Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img89949_202503041744528.jpg) |

---

This semi-annual shareholder report contains important information about the Abacus FCF Innovation Leaders ETF for the period of August 1, 2025, to January 31, 2026. You can find additional information about the Fund at https://abacusfcf.com/abot/. You can also request this information by contacting us at 1-800-617-0004.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Abacus FCF Innovation Leaders ETF | $19 | 0.39% |

---

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $4505580 |
| **Number of Holdings** | 50 |
| **Portfolio Turnover** | 41% |
| **30-Day SEC Yield** | 0.33% |
| **30-Day SEC Yield Unsubsidized** | 0.13% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(% of net** **assets)** |
|  Mount Vernon Liquid Assets Portfolio, LLC  | 12.9% |
|  NVIDIA Corp.  | 5.9% |
|  Apple, Inc.  | 5.1% |
|  Alphabet, Inc.  | 3.7% |
|  Broadcom, Inc.  | 3.6% |
|  AbbVie, Inc.  | 2.9% |
|  Bristol-Myers Squibb Co.  | 2.8% |
|  Airbnb, Inc.  | 2.8% |
|  QUALCOMM, Inc.  | 2.6% |
|  Adobe, Inc.  | 2.6% |

---

**Sector Breakdown (% of net assets)**

![image](ts6747img003.jpg)

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code above or visit https://abacusfcf.com/abot/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Abacus FCF Advisors LLC documents not be householded, please contact Abacus FCF Advisors LLC at 1-800-617-0004, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Abacus FCF Advisors LLC or your financial intermediary.

Abacus FCF Innovation Leaders ETF PAGE 1 TSR-SAR-89628W500

52.222.916.23.53.21.90.1 ------

---

| | | |
|:---|:---|:---|
| ![image](img136870_202502281731519.jpg) | **Abacus FCF International Leaders ETF**  | ![image](img89949_202503041744528.jpg) |
| ![image](img136870_202502281731519.jpg) | ABLG\| (Principal U.S. Listing Exchange: CBOE) | ![image](img89949_202503041744528.jpg) |
| ![image](img136870_202502281731519.jpg) | Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img89949_202503041744528.jpg) |

---

This semi-annual shareholder report contains important information about the Abacus FCF International Leaders ETF for the period of August 1, 2025, to January 31, 2026. You can find additional information about the Fund at https://abacusfcf.com/ablg/. You can also request this information by contacting us at 1-800-617-0004.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Abacus FCF International Leaders ETF | $29 | 0.54% |

---

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $30007052 |
| **Number of Holdings** | 52 |
| **Portfolio Turnover** | 35% |
| **30-Day SEC Yield** | 1.77% |
| **30-Day SEC Yield Unsubsidized** | 1.77% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(% of** **net** **assets)**  |
|  Mount Vernon Liquid Assets Portfolio, LLC  | 33.7% |
|  Advantest Corp.  | 6.9% |
|  Taiwan Semiconductor Manufacturing Co. Ltd.  | 5.0% |
|  Roche Holding AG  | 3.8% |
|  Novartis AG  | 3.7% |
|  AstraZeneca PLC  | 2.9% |
|  Telefonaktiebolaget LM Ericsson  | 2.8% |
|  LVMH Moet Hennessy Louis Vuitton SE  | 2.8% |
|  Accenture PLC  | 2.7% |
|  L'Oreal SA  | 2.6% |

---

**Geographic Breakdown (% of net** **assets)**

![image](ts6748img003.jpg)

**Sector Breakdown (% of net assets)**

![image](ts6748img004.jpg)

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code above or visit https://abacusfcf.com/ablg/.

Abacus FCF International Leaders ETF PAGE 1 TSR-SAR-89628W401

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Abacus FCF Advisors LLC documents not be householded, please contact Abacus FCF Advisors LLC at 1-800-617-0004, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Abacus FCF Advisors LLC or your financial intermediary.

Abacus FCF International Leaders ETF PAGE 2 TSR-SAR-89628W401

13.212.711.311.27.36.45.85.04.822.331.317.514.311.48.66.95.62.31.20.9 ------

---

| | | |
|:---|:---|:---|
| ![image](img136871_202502281732931.jpg) | **Abacus FCF Leaders ETF**  | ![image](img89949_202503041744528.jpg) |
| ![image](img136871_202502281732931.jpg) | ABFL\| (Principal U.S. Listing Exchange: CBOE) | ![image](img89949_202503041744528.jpg) |
| ![image](img136871_202502281732931.jpg) | Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img89949_202503041744528.jpg) |

---

This semi-annual shareholder report contains important information about the Abacus FCF Leaders ETF for the period of August 1, 2025, to January 31, 2026. You can find additional information about the Fund at https://abacusfcf.com/abfl/. You can also request this information by contacting us at 1-800-617-0004.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Abacus FCF Leaders ETF | $25 | 0.49% |

---

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $791682447 |
| **Number of Holdings** | 62 |
| **Portfolio Turnover** | 56% |
| **30-Day SEC Yield** | 0.46% |
| **30-Day SEC Yield Unsubsidized** | 0.46% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(% of net** **assets)** |
|  NVIDIA Corp.  | 4.9% |
|  Apple, Inc.  | 4.5% |
|  Lam Research Corp.  | 3.1% |
|  AbbVie, Inc.  | 2.9% |
|  Mastercard, Inc.  | 2.8% |
|  Amgen, Inc.  | 2.8% |
|  Bristol-Myers Squibb Co.  | 2.7% |
|  Colgate-Palmolive Co.  | 2.7% |
|  Gilead Sciences, Inc.  | 2.6% |
|  Tapestry, Inc.  | 2.6% |

---

**Sector Breakdown (% of net assets)**

![image](ts6749img003.jpg)

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code above or visit https://abacusfcf.com/abfl/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Abacus FCF Advisors LLC documents not be householded, please contact Abacus FCF Advisors LLC at 1-800-617-0004, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Abacus FCF Advisors LLC or your financial intermediary.

Abacus FCF Leaders ETF PAGE 1 TSR-SAR-89628W302

30.916.213.810.18.17.75.24.23.60.2 ------

---

| | | |
|:---|:---|:---|
| ![image](img136869_202502281733921.jpg) | **Abacus FCF Real Assets Leaders ETF**  | ![image](img89949_202503041744528.jpg) |
| ![image](img136869_202502281733921.jpg) | ABLD\| (Principal U.S. Listing Exchange: CBOE) | ![image](img89949_202503041744528.jpg) |
| ![image](img136869_202502281733921.jpg) | Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img89949_202503041744528.jpg) |

---

This semi-annual shareholder report contains important information about the Abacus FCF Real Assets Leaders ETF for the period of August 1, 2025, to January 31, 2026. You can find additional information about the Fund at https://abacusfcf.com/abld/. You can also request this information by contacting us at 1-800-617-0004.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Abacus FCF Real Assets Leaders ETF | $21 | 0.39% |

---

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $42127238 |
| **Number of Holdings** | 58 |
| **Portfolio Turnover** | 66% |
| **30-Day SEC Yield** | 3.85% |
| **30-Day SEC Yield Unsubsidized** | 3.65% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(% of net** **assets)** |
|  Mount Vernon Liquid Assets Portfolio, LLC  | 30.7% |
|  MPLX LP  | 3.7% |
|  Shell PLC  | 3.2% |
|  Atlas Copco AB  | 3.2% |
|  Rockwell Automation, Inc.  | 2.9% |
|  Cheniere Energy Partners LP  | 2.8% |
|  Honeywell International, Inc.  | 2.7% |
|  Axia Energia  | 2.7% |
|  Simon Property Group, Inc.  | 2.6% |
|  BHP Group Ltd.  | 2.6% |

---

**Sector Breakdown (% of net assets)**

![image](ts6750img003.jpg)

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code above or visit https://abacusfcf.com/abld/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Abacus FCF Advisors LLC documents not be householded, please contact Abacus FCF Advisors LLC at 1-800-617-0004, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Abacus FCF Advisors LLC or your financial intermediary.

Abacus FCF Real Assets Leaders ETF PAGE 1 TSR-SAR-89628W708

37.823.120.811.93.12.70.6 ------

---

| | | |
|:---|:---|:---|
| ![image](img538528_202509101842622.jpg) | **Abacus FCF Small Cap Leaders ETF**  | ![image](img89949_202503041744528.jpg) |
| ![image](img538528_202509101842622.jpg) | ABLS\| (Principal U.S. Listing Exchange: CBOE) | ![image](img89949_202503041744528.jpg) |
| ![image](img538528_202509101842622.jpg) | Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img89949_202503041744528.jpg) |

---

This semi-annual shareholder report contains important information about the Abacus FCF Small Cap Leaders ETF for the period of August 1, 2025, to January 31, 2026. You can find additional information about the Fund at https://abacusfcf.com/abls/. You can also request this information by contacting us at 1-800-617-0004.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Abacus FCF Small Cap Leaders ETF | $19 | 0.39% |

---

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $988277 |
| **Number of Holdings** | 51 |
| **Portfolio Turnover** | 76% |
| **30-Day SEC Yield** | 0.53% |
| **30-Day SEC Yield Unsubsidized** | 0.32% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(% of net** **assets)** |
|  Mount Vernon Liquid Assets Portfolio, LLC  | 17.0% |
|  Argan, Inc.  | 9.3% |
|  Collegium Pharmaceutical, Inc.  | 5.2% |
|  Artisan Partners Asset Management, Inc.  | 4.3% |
|  LCI Industries  | 4.0% |
|  Enova International, Inc.  | 3.8% |
|  Harmony Biosciences Holdings, Inc.  | 3.2% |
|  PJT Partners, Inc.  | 3.2% |
|  CommVault Systems, Inc.  | 3.1% |
|  Healthcare Services Group, Inc.  | 2.7% |

---

**Sector Breakdown (% of net assets)**

![image](ts6751img003.jpg)

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code above or visit https://abacusfcf.com/abls/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Abacus FCF Advisors LLC documents not be householded, please contact Abacus FCF Advisors LLC at 1-800-617-0004, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Abacus FCF Advisors LLC or your financial intermediary.

Abacus FCF Small Cap Leaders ETF PAGE 1 TSR-SAR-89628W880

24.422.617.915.610.14.62.11.71.00.0 ------

---

| | | |
|:---|:---|:---|
| ![image](img136867_202509121619937.jpg) | **Abacus Flexible Bond Leaders ETF**  | ![image](img89949_202503041744528.jpg) |
| ![image](img136867_202509121619937.jpg) | ABXB\| (Principal U.S. Listing Exchange: CBOE) | ![image](img89949_202503041744528.jpg) |
| ![image](img136867_202509121619937.jpg) | Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img89949_202503041744528.jpg) |

---

This semi-annual shareholder report contains important information about the Abacus Flexible Bond Leaders ETF for the period of August 1, 2025, to January 31, 2026. You can find additional information about the Fund at https://abacusfcf.com/abxb/. You can also request this information by contacting us at 1-800-617-0004.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Abacus Flexible Bond Leaders ETF | $20 | 0.39% |

---

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1972832 |
| **Number of Holdings** | 6 |
| **Portfolio Turnover** | 77% |
| **30-Day SEC Yield** | 4.54% |
| **30-Day SEC Yield Unsubsidized** | 4.34% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(% of net** **assets)** |
|  Mount Vernon Liquid Assets Portfolio, LLC  | 32.5% |
|  iShares International Treasury Bond ETF  | 20.2% |
|  iShares J.P. Morgan USD Emerging Markets Bond ETF  | 20.1% |
|  iShares MBS ETF  | 20.0% |
|  iShares iBoxx $ High Yield Corporate Bond ETF  | 19.8% |
|  iShares 0-5 Year High Yield Corporate Bond ETF  | 19.6% |

---

**Security Type Breakdown (% of net assets)**

![image](ts6752img003.jpg)

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code above or visit https://abacusfcf.com/abxb/.

Abacus Flexible Bond Leaders ETF PAGE 1 TSR-SAR-89628W609

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Abacus FCF Advisors LLC documents not be householded, please contact Abacus FCF Advisors LLC at 1-800-617-0004, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Abacus FCF Advisors LLC or your financial intermediary.

Abacus Flexible Bond Leaders ETF PAGE 2 TSR-SAR-89628W609

99.832.532.3 ------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

**<u>Item 2. Code of Ethics.</u>**

Not applicable for semi-annual reports.

**<u>Item 3. Audit Committee Financial Expert.</u>**

Not applicable for semi-annual reports.

**<u>Item 4. Principal Accountant Fees and Services.</u>**

Not applicable for semi-annual reports.

**<u>Item 5. Audit Committee of Listed Registrants.</u>**

Not applicable for semi-annual reports.

**<u>Item 6. Investments.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Schedules of Investments are included within the financial statements filed under Item 7 of this Form.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

**<u>Item 7. Financial Statements and Financial Highlights for Open-End Investment Companies.</u>**

(a) ![](logo_abacus.jpg)

**Abacus FCF ETF Trust**

**Abacus FCF Innovation Leaders ETF (ABOT)**

**Abacus FCF International Leaders ETF (ABLG)**

**Abacus FCF Leaders ETF (ABFL)**

**Abacus FCF Real Assets Leaders ETF (ABLD)**

**Abacus FCF Small Cap Leaders ETF (ABLS)**

**Abacus Flexible Bond Leaders ETF (ABXB)**

Semi-Annual Financial Statements and Additional Information

January 31, 2026

(Unaudited)

------

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
|  | **Page** |
| [Schedules of Investments](#soi1)<br>|  |
| &nbsp;&nbsp;&nbsp; [Abacus FCF Innovation Leaders ETF](#soi1) | [1](#soi1) |
| &nbsp;&nbsp;&nbsp; [Abacus FCF International Leaders ETF](#soi2) | [3](#soi2) |
| &nbsp;&nbsp;&nbsp; [Abacus FCF Leaders ETF](#soi3) | [6](#soi3) |
| &nbsp;&nbsp;&nbsp; [Abacus FCF Real Assets Leaders ETF](#soi4) | [9](#soi4) |
| &nbsp;&nbsp;&nbsp; [Abacus FCF Small Cap Leaders ETF](#soi5) | [12](#soi5) |
| &nbsp;&nbsp;&nbsp; [Abacus Flexible Bond Leaders ETF](#soi6) | [15](#soi6) |
| [Statements of Assets and Liabilities](#sal) | [16](#sal) |
| [Statements of Operations](#sop) | [18](#sop) |
| [Statements of Changes in Net Assets](#scna) | [20](#scna) |
| [Financial Highlights](#fihi) | [23](#fihi) |
| [Notes to Financial Statements](#notes) | [29](#notes) |
| [Additional Information](#add) | [42](#add) |

---

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Innovation Leaders ETF** 

**Schedule of Investments** 

**January 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.9%**<br>|  |  |
| **Communications - 22.9%**<br>|  |  |
| Airbnb, Inc. - Class A<sup>(a)</sup> | 960 | $124195  |
| Alphabet, Inc. - Class A | 494 | 166972  |
| AppLovin Corp. - Class A<sup>(a)</sup> | 184 | 87052  |
| Expedia Group, Inc.<sup>(b)</sup> | 294 | 77863  |
| GoDaddy, Inc. - Class A<sup>(a)</sup> | 793 | 79712  |
| Lyft, Inc. - Class A<sup>(a)</sup> | 2377 | 40100  |
| Maplebear, Inc.<sup>(a)</sup> | 1563 | 58081  |
| Match Group, Inc. | 1405 | 43766  |
| New York Times Co. - Class A | 962 | 70524  |
| ROBLOX Corp. - Class A<sup>(a)</sup> | 1192 | 78386  |
| Spotify Technology SA<sup>(a)</sup> | 183 | 91564  |
| VeriSign, Inc. | 472 | 115277  |
|  |  | 1033492  |
| **Consumer Discretionary - 3.2%**<br>|  |  |
| DraftKings, Inc. - Class A<sup>(a)</sup> | 2585 | 71114  |
| Hasbro, Inc. | 836 | 74663  |
|  |  | 145777  |
| **Financials - 3.5%**<br>|  |  |
| Fair Isaac Corp.<sup>(a)(b)</sup> | 58 | 84864  |
| Toast, Inc. - Class A<sup>(a)</sup> | 2269 | 70588  |
|  |  | 155452  |
| **Health Care - 16.2%**<br>|  |  |
| AbbVie, Inc. | 594 | 132468  |
| Amgen, Inc.<sup>(b)</sup> | 308 | 105299  |
| Bristol-Myers Squibb Co. | 2332 | 128377  |
| Corcept Therapeutics, Inc.<sup>(a)(b)</sup> | 627 | 24998  |
| Exelixis, Inc.<sup>(a)</sup> | 1596 | 66011  |
| Gilead Sciences, Inc. | 665 | 94397  |
| Illumina, Inc.<sup>(a)(b)</sup> | 727 | 105277  |
| Incyte Corp.<sup>(a)(b)</sup> | 736 | 73651  |
|  |  | 730478  |
| **Industrials - 1.9%**<br>|  |  |
| Rockwell Automation, Inc. | 199 | 83908  |
| **Technology - 52.2%<sup>(c)</sup>**<br>|  |  |
| Adobe, Inc.<sup>(a)</sup> | 399 | 117007  |
| Apple, Inc. | 885 | 229640  |
| Atlassian Corp. - Class A<sup>(a)</sup> | 768 | 90762  |
| Autodesk, Inc.<sup>(a)</sup> | 413 | 104435  |
| Bentley Systems, Inc. - Class B | 1740 | 61109  |
| Broadcom, Inc. | 486 | 161012  |
| Cadence Design Systems, Inc.<sup>(a)</sup> | 278 | 82388  |
| Crowdstrike Holdings, Inc. - Class A<sup>(a)</sup> | 185 | 81660  |
| Datadog, Inc. - Class A<sup>(a)</sup> | 584 | 75523  |

---

The accompanying notes are an integral part of these financial statements.

1<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Innovation Leaders ETF** 

**Schedule of Investments** 

**January 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - (Continued)** | **COMMON STOCKS - (Continued)** | **COMMON STOCKS - (Continued)** |
| **Technology - (Continued)** | **Technology - (Continued)** | **Technology - (Continued)** |
| Fortinet, Inc.<sup>(a)</sup> | 1023 | $83129  |
| HubSpot, Inc.<sup>(a)</sup> | 287 | 80360  |
| Intuit, Inc. | 146 | 72842  |
| Manhattan Associates, Inc.<sup>(a)(b)</sup> | 359 | 54213  |
| Motorola Solutions, Inc. | 213 | 85741  |
| NetApp, Inc. | 967 | 93170  |
| Nutanix, Inc. - Class A<sup>(a)</sup> | 1612 | 63400  |
| NVIDIA Corp. | 1393 | 266244  |
| Palo Alto Networks, Inc.<sup>(a)</sup> | 583 | 103174  |
| Pegasystems, Inc. | 1011 | 44171  |
| Pure Storage, Inc. - Class A<sup>(a)(b)</sup> | 1002 | 69679  |
| QUALCOMM, Inc. | 780 | 118240  |
| ServiceNow, Inc.<sup>(a)</sup> | 635 | 74301  |
| Workday, Inc. - Class A<sup>(a)</sup> | 417 | 73238  |
| Zscaler, Inc.<sup>(a)</sup> | 319 | 63803  |
|  |  | 2349241  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $4,790,520)** |  | 4498348  |
|  | **Units** |  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 12.9%**<br>|  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.77%<sup>(d)</sup> | 582315 | 582315  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $582,315)** |  | 582315  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 112.8%** <br>**(Cost $5,372,835)** |  | $5080663  |
| Money Market Deposit Account - 0.1%<sup>(e)</sup> |  | 6209  |
| Liabilities in Excess of Other Assets - (12.9)% |  | (581292)  |
| **TOTAL NET ASSETS - 100.0%** |  | $4505580 |

---

Percentages are stated as a percent of net assets.

For Fund compliance purposes, the Fund's sector classifications refer to any one or more of the sector classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine classifications for reporting ease.

LLC - Limited Liability Company

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of January 31, 2026. The fair value of these securities was $554,387, which represented 12.3% of net assets.

<sup>(c)</sup> To the extent that the Fund invests more heavily in a particular sector of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of January 31, 2026.

<sup>(e)</sup> The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of January 31, 2026 was 3.45%. 

The accompanying notes are an integral part of these financial statements.

2<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF International Leaders ETF** 

**SCHEDULE OF INVESTMENTS** 

**January 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.1%**<br>|  |  |
| **Communications - 5.6%**<br>|  |  |
| Advanced Info Service PCL - ADR | 62425 | $737707  |
| NetEase, Inc. - ADR | 5080 | 654456  |
| TIM SA - ADR | 12395 | 288804  |
|  |  | 1680967  |
| **Consumer Discretionary - 11.4%**<br>|  |  |
| Atour Lifestyle Holdings Ltd. - ADR | 9568 | 341960  |
| H World Group Ltd. - ADR | 15314 | 727568  |
| InterContinental Hotels Group PLC - ADR<sup>(a)</sup> | 3063 | 420366  |
| LVMH Moet Hennessy Louis Vuitton SE - ADR | 6542 | 845750  |
| On Holding AG - Class A<sup>(b)</sup> | 9782 | 442635  |
| OPAP SA | 7349 | 148090  |
| Sea Ltd. - ADR<sup>(b)</sup> | 4299 | 500791  |
|  |  | 3427160  |
| **Consumer Staples - 6.9%**<br>|  |  |
| Ambev SA - ADR<sup>(a)</sup> | 241129 | 670339  |
| L'Oreal SA - ADR<sup>(a)</sup> | 8635 | 791570  |
| Reckitt Benckiser Group PLC - ADR | 37070 | 617957  |
|  |  | 2079866  |
| **Financials - 8.6%**<br>|  |  |
| Admiral Group PLC - ADR | 11631 | 443327  |
| Computershare Ltd. - ADR | 21540 | 491543  |
| Experian PLC - ADR | 8539 | 320640  |
| Hong Kong Exchanges & Clearing Ltd. - ADR | 6501 | 357165  |
| Kaspi.KZ JSC - ADR<sup>(a)(b)</sup> | 5966 | 454430  |
| Tokio Marine Holdings, Inc. - ADR<sup>(a)</sup> | 13422 | 500506  |
|  |  | 2567611  |
| **Health Care - 14.3%**<br>|  |  |
| Alkermes PLC<sup>(a)(b)</sup> | 13289 | 450364  |
| AstraZeneca PLC - ADR | 9339 | 866379  |
| Jazz Pharmaceuticals PLC<sup>(b)</sup> | 4485 | 737737  |
| Novartis AG - ADR | 7532 | 1119858  |
| Roche Holding AG - ADR<sup>(a)</sup> | 19916 | 1130233  |
|  |  | 4304571  |
| **Industrials - 17.5%**<br>|  |  |
| Allegion PLC | 2629 | 434810  |
| Atlas Copco AB - ADR | 31918 | 572290  |
| Hiab Oyj - ADR | 9278 | 251805  |
| Hitachi Ltd. - ADR<sup>(a)</sup> | 19622 | 681864  |
| Knorr-Bremse AG - ADR<sup>(a)</sup> | 17778 | 516629  |
| Pentair PLC | 5187 | 546554  |
| RELX PLC - ADR<sup>(a)</sup> | 11477 | 410877  |
| Siemens Energy AG - ADR<sup>(b)</sup> | 3939 | 668645  |
| TE Connectivity PLC | 2761 | 615096  |
| Technip Energies NV - ADR | 13833 | 539279  |
|  |  | 5237849  |

---

The accompanying notes are an integral part of these financial statements.

3<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF International Leaders ETF** 

**SCHEDULE OF INVESTMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - (Continued)** | **COMMON STOCKS - (Continued)** | **COMMON STOCKS - (Continued)** |
| **Materials - 2.3%**<br>|  |  |
| Evraz PLC<sup>(b)(c)</sup> | 49526 | $0  |
| Holcim AG - ADR<sup>(a)(b)</sup> | 33652 | 689866  |
|  |  | 689866  |
| **Technology - 31.3%<sup>(d)</sup>**<br>|  |  |
| Accenture PLC - Class A | 3019 | 795929  |
| Advantest Corp. - ADR<sup>(a)</sup> | 12598 | 2084087  |
| Cellebrite DI Ltd.<sup>(b)</sup> | 18602 | 273636  |
| Check Point Software Technologies Ltd.<sup>(b)</sup> | 2949 | 529375  |
| Global-e Online Ltd.<sup>(b)</sup> | 13136 | 480121  |
| Infosys Ltd. - ADR<sup>(a)</sup> | 35000 | 615300  |
| Monday.com Ltd.<sup>(a)(b)</sup> | 2613 | 299842  |
| Sage Group PLC - ADR | 9844 | 514152  |
| Sony Group Corp. - ADR | 31344 | 692702  |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 4509 | 1490495  |
| Telefonaktiebolaget LM Ericsson - ADR<sup>(a)</sup> | 79144 | 854755  |
| Wipro Ltd. - ADR<sup>(a)</sup> | 171998 | 433435  |
| Wix.com Ltd.<sup>(a)(b)</sup> | 3889 | 337721  |
|  |  | 9401550  |
| **Utilities - 1.2%**<br>|  |  |
| Enel Chile SA - ADR | 82808 | 359387  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $28,210,212)** |  | 29748827  |
|  | **Contracts** |  |
| **WARRANTS - 0.0%<sup>(e)</sup>** | **WARRANTS - 0.0%<sup>(e)</sup>** | **WARRANTS - 0.0%<sup>(e)</sup>** |
| **Technology - 0.0%<sup>(e)</sup>**<br>|  |  |
| Constellation Software, Inc.<sup>(b)(c)</sup> | 438 | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL WARRANTS** <br>**(Cost $0)** |  | 0  |
|  | **Units** |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| &nbsp;&nbsp;&nbsp; **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES** <br>**LENDING - 33.7%** | &nbsp;&nbsp;&nbsp; **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES** <br>**LENDING - 33.7%** | &nbsp;&nbsp;&nbsp; **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES** <br>**LENDING - 33.7%** |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.77%<sup>(f)</sup> | 10097466 | 10097466  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $10,097,466)** |  | 10097466  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 132.8%** <br>**(Cost $38,307,678)** |  | $39846293  |
| Money Market Deposit Account - 0.3%<sup>(g)</sup> |  | 96106  |
| Liabilities in Excess of Other Assets - (33.1)% |  | (9935347)  |
| **TOTAL NET ASSETS - 100.0%** |  | $30007052 |

---

The accompanying notes are an integral part of these financial statements.

4<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF International Leaders ETF** 

**SCHEDULE OF INVESTMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

Percentages are stated as a percent of net assets.

For Fund compliance purposes, the Fund's sector classifications refer to any one or more of the sector classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine classifications for reporting ease.

ADR - American Depositary Receipt

JSC - Public Joint Stock Company

LLC - Limited Liability Company

PCL - Public Company Limited

PLC - Public Limited Company

<sup>(a)</sup> All or a portion of this security is on loan as of January 31, 2026. The fair value of these securities was $9,634,596, which represented 32.1% of net assets.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of January 31, 2026.

<sup>(d)</sup> Amount represents investments in a particular sector. No industry within this sector represented more than 25% of the Fund's total assets at the time of investment. To the extent that the Fund invests more heavily in a particular sector of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.

<sup>(e)</sup> Represents less than 0.05% of net assets.

<sup>(f)</sup> The rate shown represents the 7-day annualized yield as of January 31, 2026.

<sup>(g)</sup> The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of January 31, 2026 was 3.45%. 

---

| | | |
|:---|:---|:---|
| **Allocation of Portfolio Holdings by Country as of January 31, 2026 (Unaudited)**  | **Allocation of Portfolio Holdings by Country as of January 31, 2026 (Unaudited)**  | **Allocation of Portfolio Holdings by Country as of January 31, 2026 (Unaudited)**  |
| (% of Net Assets) | (% of Net Assets) | (% of Net Assets) |
| Japan | $3959159 | 13.2%  |
| United Kingdom | 3819612 | 12.7  |
| Switzerland | 3382592 | 11.3  |
| Ireland | 3354576 | 11.2  |
| France | 2176599 | 7.3  |
| Israel | 1920695 | 6.4  |
| China | 1723984 | 5.8  |
| Taiwan | 1490495 | 5.0  |
| Sweden | 1427045 | 4.8  |
| Germany | 1185274 | 3.9  |
| India | 1048735 | 3.5  |
| Brazil | 959143 | 3.2  |
| Thailand | 737707 | 2.4  |
| Singapore | 500791 | 1.6  |
| Australia | 491543 | 1.6  |
| Kazakhstan | 454430 | 1.5  |
| Chile | 359387 | 1.2  |
| Hong Kong | 357165 | 1.2  |
| Finland | 251805 | 0.8  |
| Greece | 148090 | 0.5  |
| Canada | 0<sup>(a)</sup> | 0.0<sup>(a)</sup>  |
| Investments Purchased with Proceeds from Securities Lending | 10097466 | 33.7  |
| Money Market Deposit Account and Liabilities in Excess of Other Assets | (9839241) | (32.8)  |
|  | **$30007052** | 100.0% |

---

<sup>(a)</sup> Security valued at fair value using methods determined in good faith by or at the direction of the Fund's valuation designee. Value determined using significant unobservable inputs. At January 31, 2026, the fair value of this security represented less than 0.05% of net assets. 

The accompanying notes are an integral part of these financial statements.

5<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Leaders ETF** 

**Schedule of Investments** 

**January 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.8%**<br>|  |  |
| **Communications - 10.1%**<br>|  |  |
| AppLovin Corp. - Class A<sup>(a)</sup> | 32454 | $15354312  |
| Booking Holdings, Inc. | 3079 | 15400665  |
| Expedia Group, Inc. | 47646 | 12618567  |
| Lyft, Inc. - Class A<sup>(a)</sup> | 305213 | 5148943  |
| ROBLOX Corp. - Class A<sup>(a)</sup> | 122271 | 8040541  |
| Spotify Technology SA<sup>(a)</sup> | 23278 | 11647147  |
| VeriSign, Inc. | 48159 | 11761873  |
|  |  | 79972048  |
| **Consumer Discretionary - 8.1%**<br>|  |  |
| Dillard's, Inc. - Class A | 11957 | 7264595  |
| DraftKings, Inc. - Class A<sup>(a)</sup> | 344539 | 9478268  |
| Hasbro, Inc. | 107557 | 9605916  |
| Hilton Worldwide Holdings, Inc. | 58990 | 17609105  |
| Tapestry, Inc. | 159638 | 20259658  |
|  |  | 64217542  |
| **Consumer Staples - 5.2%**<br>|  |  |
| Colgate-Palmolive Co. | 232733 | 21013462  |
| Dollar Tree, Inc.<sup>(a)</sup> | 99190 | 11663752  |
| Philip Morris International, Inc. | 46572 | 8356880  |
|  |  | 41034094  |
| **Energy - 4.2%**<br>|  |  |
| Nextpower, Inc. - Class A<sup>(a)</sup> | 147449 | 17264803  |
| TechnipFMC PLC | 287876 | 16040451  |
|  |  | 33305254  |
| **Financials - 7.7%**<br>|  |  |
| Broadridge Financial Solutions, Inc. | 68577 | 13517213  |
| Charles Schwab Corp. | 112826 | 11724878  |
| Mastercard, Inc. - Class A | 41656 | 22443836  |
| Synchrony Financial | 116153 | 8436192  |
| Toast, Inc. - Class A<sup>(a)</sup> | 156586 | 4871391  |
|  |  | 60993510  |
| **Health Care - 16.2%**<br>|  |  |
| AbbVie, Inc. | 103751 | 23137510  |
| Alkermes PLC<sup>(a)</sup> | 223575 | 7576957  |
| Amgen, Inc. | 63994 | 21878269  |
| Bristol-Myers Squibb Co. | 392260 | 21593913  |
| Cardinal Health, Inc. | 35598 | 7649298  |
| Chemed Corp. | 14127 | 6034207  |
| Corcept Therapeutics, Inc.<sup>(a)</sup> | 40617 | 1619400  |
| Gilead Sciences, Inc. | 144614 | 20527957  |
| Medpace Holdings, Inc.<sup>(a)</sup> | 21545 | 12549532  |
| PTC Therapeutics, Inc.<sup>(a)</sup> | 77165 | 5828272  |
|  |  | 128395315  |

---

The accompanying notes are an integral part of these financial statements.

6<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Leaders ETF** 

**Schedule of Investments** 

**January 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - (Continued)** | **COMMON STOCKS - (Continued)** | **COMMON STOCKS - (Continued)** |
| **Industrials - 13.8%**<br>|  |  |
| Argan, Inc. | 47967 | $16649825  |
| EMCOR Group, Inc. | 14778 | 10650948  |
| Primoris Services Corp. | 52418 | 7770969  |
| Rockwell Automation, Inc. | 23806 | 10037800  |
| Rollins, Inc. | 203607 | 12896467  |
| Sterling Infrastructure, Inc.<sup>(a)</sup> | 23328 | 8349324  |
| TopBuild Corp.<sup>(a)(b)</sup> | 11176 | 5230927  |
| Tutor Perini Corp. | 127765 | 10079381  |
| Valmont Industries, Inc. | 17135 | 7634671  |
| Vertiv Holdings Co. - Class A | 105723 | 19683508  |
|  |  | 108983820  |
| **Materials - 3.6%**<br>|  |  |
| Crown Holdings, Inc.<sup>(b)</sup> | 89253 | 9343004  |
| Newmont Corp. | 82695 | 9290783  |
| Southern Copper Corp.<sup>(b)</sup> | 53248 | 10134243  |
|  |  | 28768030  |
| **Technology - 30.9%<sup>(c)</sup>**<br>|  |  |
| Adobe, Inc.<sup>(a)</sup> | 36248 | 10629726  |
| Apple, Inc. | 138353 | 35899836  |
| Arista Networks, Inc.<sup>(a)</sup> | 132726 | 18812583  |
| Atlassian Corp. - Class A<sup>(a)</sup> | 52395 | 6192041  |
| Autodesk, Inc.<sup>(a)</sup> | 51272 | 12965151  |
| Broadcom, Inc. | 53109 | 17595012  |
| Clear Secure, Inc. - Class A<sup>(b)</sup> | 196067 | 6395706  |
| Dropbox, Inc. - Class A<sup>(a)</sup> | 111424 | 2839083  |
| Extreme Networks, Inc.<sup>(a)</sup> | 393940 | 5743645  |
| Lam Research Corp. | 106674 | 24904112  |
| Motorola Solutions, Inc. | 35503 | 14291378  |
| NetApp, Inc. | 105962 | 10209439  |
| NVIDIA Corp. | 202753 | 38752181  |
| Palo Alto Networks, Inc.<sup>(a)</sup> | 75633 | 13384772  |
| Pure Storage, Inc. - Class A<sup>(a)</sup> | 183457 | 12757600  |
| QUALCOMM, Inc. | 85509 | 12962309  |
|  |  | 244334574  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $725,121,417)** |  | 790004187 |

---

The accompanying notes are an integral part of these financial statements.

7<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Leaders ETF** 

**Schedule of Investments** 

**January 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Units** | **Value** |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.2%**<br>|  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.77%<sup>(d)</sup> | 17157134 | $17157134  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $17,157,134)** |  | 17157134  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 102.0%** <br>**(Cost $742,278,551)** |  | $807161321  |
| Money Market Deposit Account - 0.2%<sup>(e)</sup> |  | 1419381  |
| Liabilities in Excess of Other Assets - (2.2)% |  | (16898255)  |
| **TOTAL NET ASSETS - 100.0%** |  | $791682447 |

---

Percentages are stated as a percent of net assets.

For Fund compliance purposes, the Fund's sector classifications refer to any one or more of the sector classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine classifications for reporting ease.

LLC - Limited Liability Company

PLC - Public Limited Company

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of January 31, 2026. The fair value of these securities was $15,947,594, which represented 2.01% of net assets.

<sup>(c)</sup> Amount represents investments in a particular sector. No industry within this sector represented more than 25% of the Fund's total assets at the time of investment. To the extent that the Fund invests more heavily in a particular sector of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of January 31, 2026.

<sup>(e)</sup> The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of January 31, 2026 was 3.45%. 

The accompanying notes are an integral part of these financial statements.

8<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Real Assets Leaders ETF** 

**SCHEDULE OF INVESTMENTS** 

**January 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 75.1%**<br>|  |  |
| **Consumer Staples - 3.1%**<br>|  |  |
| Archer-Daniels-Midland Co.<sup>(a)</sup> | 13169 | $886405  |
| Cal-Maine Foods, Inc.<sup>(a)</sup> | 5207 | 434941  |
|  |  | 1321346  |
| **Energy - 10.4%**<br>|  |  |
| Antero Midstream Corp. | 56472 | 1062803  |
| California Resources Corp. | 8295 | 443782  |
| Ecopetrol SA - ADR<sup>(a)</sup> | 69840 | 877889  |
| Hess Midstream LP - Class A<sup>(a)</sup> | 17619 | 624946  |
| Shell PLC - ADR | 17559 | 1352570  |
|  |  | 4361990  |
| **Industrials - 37.8%<sup>(b)</sup>**<br>|  |  |
| A.O. Smith Corp.<sup>(a)</sup> | 10388 | 763414  |
| Allegion PLC | 4107 | 679257  |
| Atlas Copco AB - ADR | 64466 | 1331223  |
| Cognex Corp. | 15721 | 609031  |
| Eaton Corp. PLC | 66 | 23194  |
| Emerson Electric Co. | 6455 | 948627  |
| FANUC Corp. - ADR | 53176 | 1066711  |
| Frontline PLC<sup>(a)</sup> | 30043 | 858629  |
| Graco, Inc. | 11597 | 1012766  |
| Grupo Aeroportuario del Centro Norte SAB de CV - ADR | 4530 | 529829  |
| Grupo Aeroportuario del Sureste SAB de CV - ADR | 2083 | 718906  |
| Hitachi Ltd. - ADR<sup>(a)</sup> | 28947 | 1005908  |
| Honeywell International, Inc. | 5053 | 1149659  |
| Hubbell, Inc.<sup>(a)</sup> | 324 | 158092  |
| IDEX Corp. | 4868 | 966541  |
| Lincoln Electric Holdings, Inc. | 2444 | 648515  |
| Pentair PLC<sup>(a)</sup> | 6331 | 667097  |
| Rockwell Automation, Inc. | 2869 | 1209714  |
| Siemens AG - ADR | 5024 | 760232  |
| Siemens Energy AG - ADR<sup>(c)</sup> | 2721 | 461890  |
| ZIM Integrated Shipping Services Ltd.<sup>(a)</sup> | 16963 | 373695  |
|  |  | 15942930  |
| **Materials - 20.0%**<br>|  |  |
| BHP Group Ltd. - ADR<sup>(a)</sup> | 15681 | 1077755  |
| Carlisle Cos., Inc.<sup>(a)</sup> | 2273 | 774843  |
| CF Industries Holdings, Inc. | 5389 | 502416  |
| Endeavour Mining PLC | 17508 | 955859  |
| Gold Fields, Ltd. - ADR<sup>(a)</sup> | 15179 | 760772  |
| Harmony Gold Mining Co. Ltd. - ADR | 33308 | 710793  |
| Kinross Gold Corp. | 26122 | 824410  |
| NewMarket Corp. | 1112 | 745918  |
| Newmont Corp. | 4497 | 505238  |
| OceanaGold Corp. | 17917 | 580544  |

---

The accompanying notes are an integral part of these financial statements.

9<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Real Assets Leaders ETF** 

**SCHEDULE OF INVESTMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - (Continued)**  | **COMMON STOCKS - (Continued)**  | **COMMON STOCKS - (Continued)**  |
| **Materials - (Continued)**  | **Materials - (Continued)**  | **Materials - (Continued)**  |
| Solstice Advanced Materials, Inc.<sup>(c)</sup> | 1077 | $66526  |
| Southern Copper Corp.<sup>(a)</sup> | 4824 | 918134  |
|  |  | 8423208  |
| **Real Estate - 1.1%**<br>|  |  |
| St Joe Co.<sup>(a)</sup> | 7131 | 472001  |
| **Utilities - 2.7%**<br>|  |  |
| Axia Energia - ADR<sup>(a)</sup> | 88468 | 912990  |
| Axia Energia - ADR<sup>(c)</sup> | 23252 | 232520  |
|  |  | 1145510  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $27,933,936)** |  | 31666985  |
|  | **Units** |  |
| **MASTER LIMITED PARTNERSHIPS - 13.5%** | **MASTER LIMITED PARTNERSHIPS - 13.5%** | **MASTER LIMITED PARTNERSHIPS - 13.5%** |
| **Energy - 12.7%**<br>|  |  |
| Cheniere Energy Partners LP | 21276 | 1199753  |
| MPLX LP | 27993 | 1564809  |
| Plains All American Pipeline LP | 51964 | 999787  |
| Plains GP Holdings LP – Class A | 26848 | 549847  |
| Western Midstream Partners LP<sup>(a)</sup> | 25369 | 1051799  |
|  |  | 5365995  |
| **Materials - 0.8%**<br>|  |  |
| Alliance Resource Partners LP | 13190 | 314186  |
| &nbsp;&nbsp;&nbsp; **TOTAL MASTER LIMITED PARTNERSHIPS** <br>**(Cost $5,412,766)** |  | 5680181  |
|  | **Shares** |  |
| **REAL ESTATE INVESTMENT TRUSTS - 10.8%**<br>|  |  |
| **Real Estate - 10.8%**<br>|  |  |
| CubeSmart | 5324 | 199810  |
| Equity LifeStyle Properties, Inc.<sup>(a)</sup> | 8849 | 558991  |
| Gaming and Leisure Properties, Inc.<sup>(a)</sup> | 3131 | 140112  |
| Lamar Advertising Co. - Class A<sup>(a)</sup> | 7454 | 956423  |
| National Health Investors, Inc. | 5841 | 479663  |
| Public Storage | 2292 | 633028  |
| Rayonier, Inc.<sup>(a)</sup> | 21918 | 498415  |
| Simon Property Group, Inc. | 5660 | 1082815  |
| &nbsp;&nbsp;&nbsp; **TOTAL REAL ESTATE INVESTMENT TRUSTS** <br>**(Cost $4,377,879)** |  | 4549257 |

---

The accompanying notes are an integral part of these financial statements.

10<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Real Assets Leaders ETF** 

**SCHEDULE OF INVESTMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Units**  | **Value** |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 30.7%**<br>|  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.77%<sup>(d)</sup> | 12929527 | $12929527  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $12,929,527)** |  | 12929527  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 130.1%** <br>**(Cost $50,654,108)** |  | $54825950  |
| Money Market Deposit Account - 4.4%<sup>(e)</sup> |  | 1861805  |
| Liabilities in Excess of Other Assets - (34.5)% |  | (14560517)  |
| **TOTAL NET ASSETS - 100.0%** |  | $42127238 |

---

Percentages are stated as a percent of net assets.

For Fund compliance purposes, the Fund's sector classifications refer to any one or more of the sector classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine classifications for reporting ease.

ADR - American Depositary Receipt

LLC - Limited Liability Company

LP - Limited Partnership

PLC - Public Limited Company

<sup>(a)</sup> All or a portion of this security is on loan as of January 31, 2026. The fair value of these securities was $12,304,157, which represented 29.2% of net assets.

<sup>(b)</sup> To the extent that the Fund invests more heavily in a particular sector of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.

<sup>(c)</sup> Non-income producing security.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of January 31, 2026.

<sup>(e)</sup> The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of January 31, 2026 was 3.45%. 

The accompanying notes are an integral part of these financial statements.

11<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Small Cap Leaders ETF** 

**Schedule of Investments** 

**January 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 100.0%**<br>|  |  |
| **Communications - 2.1%**<br>|  |  |
| EverQuote, Inc. - Class A<sup>(a)</sup> | 688 | $15618  |
| MediaAlpha, Inc. - Class A<sup>(a)</sup> | 549 | 5616  |
|  |  | 21234  |
| **Consumer Discretionary - 10.1%**<br>|  |  |
| G-III Apparel Group Ltd. | 221 | 6486  |
| Kontoor Brands, Inc. | 355 | 21204  |
| LCI Industries<sup>(b)</sup> | 267 | 39166  |
| Peloton Interactive, Inc. - Class A<sup>(a)</sup> | 3105 | 17357  |
| PROG Holdings, Inc. | 242 | 7851  |
| Winmark Corp.<sup>(b)</sup> | 17 | 7662  |
|  |  | 99726  |
| **Consumer Staples - 1.0%**<br>|  |  |
| Seneca Foods Corp. - Class A<sup>(a)</sup> | 85 | 10143  |
| **Energy - 4.6%**<br>|  |  |
| DNOW, Inc.<sup>(a)</sup> | 1719 | 26112  |
| Nextpower, Inc. - Class A<sup>(a)(b)</sup> | 162 | 18968  |
|  |  | 45080  |
| **Financials - 17.9%**<br>|  |  |
| AMERISAFE, Inc. | 209 | 7860  |
| Artisan Partners Asset Management, Inc. - Class A | 965 | 42962  |
| Cohen & Steers, Inc. | 238 | 15294  |
| Diamond Hill Investment Group, Inc. | 120 | 20562  |
| Enova International, Inc.<sup>(a)</sup> | 228 | 37659  |
| PJT Partners, Inc. - Class A | 180 | 31145  |
| Remitly Global, Inc.<sup>(a)</sup> | 672 | 8884  |
| World Acceptance Corp.<sup>(a)</sup> | 102 | 12368  |
|  |  | 176734  |
| **Health Care - 22.6%**<br>|  |  |
| BioCryst Pharmaceuticals, Inc.<sup>(a)</sup> | 971 | 6389  |
| Catalyst Pharmaceuticals, Inc.<sup>(a)</sup> | 812 | 19732  |
| Collegium Pharmaceutical, Inc.<sup>(a)</sup> | 1119 | 51384  |
| Embecta Corp. | 1226 | 13008  |
| Harmony Biosciences Holdings, Inc.<sup>(a)(b)</sup> | 874 | 31918  |
| MiMedx Group, Inc.<sup>(a)</sup> | 3728 | 19050  |
| Oscar Health, Inc. - Class A<sup>(a)</sup> | 1667 | 23921  |
| Pediatrix Medical Group, Inc.<sup>(a)</sup> | 847 | 18109  |
| Progyny, Inc.<sup>(a)</sup> | 1086 | 25923  |
| SIGA Technologies, Inc. | 2004 | 13427  |
|  |  | 222861  |

---

The accompanying notes are an integral part of these financial statements.

12<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Small Cap Leaders ETF** 

**Schedule of Investments** 

**January 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - (Continued)**<br>|  |  |
| **Industrials - 15.6%**<br>|  |  |
| Argan, Inc. | 265 | $91984  |
| Exponent, Inc. | 245 | 17608  |
| Healthcare Services Group, Inc.<sup>(a)(b)</sup> | 1411 | 26555  |
| Teekay Corp. Ltd. | 1723 | 17627  |
|  |  | 153774  |
| **Materials - 1.7%**<br>|  |  |
| WD-40 Co. | 72 | 16648  |
| **Technology - 24.4%**<br>|  |  |
| Agilysys, Inc.<sup>(a)</sup> | 140 | 12145  |
| Appian Corp. - Class A<sup>(a)</sup> | 528 | 14731  |
| Arlo Technologies, Inc.<sup>(a)</sup> | 1704 | 21624  |
| AvePoint, Inc.<sup>(a)</sup> | 1315 | 15293  |
| Box, Inc. - Class A<sup>(a)</sup> | 485 | 12295  |
| CommVault Systems, Inc.<sup>(a)</sup> | 353 | 30252  |
| GigaCloud Technology, Inc. - Class A<sup>(a)</sup> | 174 | 6948  |
| Harmonic, Inc.<sup>(a)(b)</sup> | 674 | 6551  |
| Intapp, Inc.<sup>(a)</sup> | 145 | 4923  |
| LiveRamp Holdings, Inc.<sup>(a)</sup> | 729 | 17751  |
| Progress Software Corp.<sup>(a)</sup> | 529 | 21647  |
| Qualys, Inc.<sup>(a)(b)</sup> | 183 | 24138  |
| Semtech Corp.<sup>(a)</sup> | 84 | 6699  |
| Tenable Holdings, Inc.<sup>(a)</sup> | 1029 | 22700  |
| Varonis Systems, Inc.<sup>(a)(b)</sup> | 268 | 7997  |
| Workiva, Inc.<sup>(a)(b)</sup> | 207 | 15943  |
|  |  | 241637  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $986,046)** |  | 987837  |
|  | **Units** |  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 17.0%** |  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.77%<sup>(c)</sup> | 168490 | 168490  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $168,490)** |  | 168490  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 117.0%** <br>**(Cost $1,154,536)** |  | $1156327  |
| Money Market Deposit Account - 0.1%<sup>(d)</sup> |  | 762  |
| Liabilities in Excess of Other Assets - (17.1)% |  | (168812)  |
| **TOTAL NET ASSETS - 100.0%** |  | $988277 |

---

The accompanying notes are an integral part of these financial statements.

13<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Small Cap Leaders ETF** 

**Schedule of Investments** 

**January 31, 2026 (Unaudited)(Continued)** 

Percentages are stated as a percent of net assets.

For Fund compliance purposes, the Fund's sector classifications refer to any one or more of the sector classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine classifications for reporting ease.

LLC - Limited Liability Company

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of January 31, 2026. The fair value of these securities was $163,352, which represented 16.5% of net assets.

<sup>(c)</sup> The rate shown represents the 7-day annualized yield as of January 31, 2026.

<sup>(d)</sup> The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of January 31, 2026 was 3.45%. 

The accompanying notes are an integral part of these financial statements.

14<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus Flexible Bond Leaders ETF** 

**Schedule of Investments** 

**January 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **EXCHANGE TRADED FUNDS - 99.8%**<br>|  |  |
| iShares 0-5 Year High Yield Corporate Bond ETF | 8980 | $387038  |
| iShares iBoxx $ High Yield Corporate Bond ETF<sup>(a)</sup> | 4819 | 390917  |
| iShares International Treasury Bond ETF<sup>(a)</sup> | 9418 | 399417  |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 4110 | 396944  |
| iShares MBS ETF | 4120 | 394243  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $1,919,944)** |  | 1968559  |
|  | **Units** |  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 32.5%** |  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.77%<sup>(b)</sup> | 641330 | 641330  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $641,330)** |  | 641330  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 132.3%** <br>**(Cost $2,561,274)** |  | $2609889  |
| Money Market Deposit Account - 0.2%<sup>(c)</sup> |  | 4533  |
| Liabilities in Excess of Other Assets - (32.5)% |  | (641590)  |
| **TOTAL NET ASSETS - 100.0%** |  | $1972832 |

---

Percentages are stated as a percent of net assets.

LLC - Limited Liability Company

<sup>(a)</sup> All or a portion of this security is on loan as of January 31, 2026. The fair value of these securities was $625,827, which represented 31.7% of net assets.

<sup>(b)</sup> The rate shown represents the 7-day annualized yield as of January 31, 2026.

<sup>(c)</sup> The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of January 31, 2026 was 3.45%. 

The accompanying notes are an integral part of these financial statements.

15<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**ABACUS FCF ETF TRUST** 

**STATEMENTS OF ASSETS AND LIABILITIES** 

**January 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Abacus FCF** <br>**Innovation** <br>**Leaders ETF** | **Abacus FCF** <br>**International** <br>**Leaders ETF** | **Abacus FCF** <br>**Leaders ETF** |
| **ASSETS:**<br>|  |  |  |
| Investments, at value | $5080663 | $39846293 | $807161321 |
| Cash - interest bearing deposit account | 6209 | 96106 | 1419381 |
| Dividends receivable | 2497 | 41278 | 578969 |
| Security lending income receivable | 82 | 11904 | 3114 |
| Interest receivable | 17 | 253 | 3705 |
| Receivable for investments sold |  | 1568315 |  |
| Dividend tax reclaims receivable |  | 176808 |  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 5089468 | 41740957 | 809166490 |
| **LIABILITIES:**<br>|  |  |  |
| Payable upon return of securities loaned | 582315 | 10097466 | 17157134 |
| Payable to Adviser | 1573 | 14489 | 326909 |
| Payable for capital shares redeemed |  | 1621950 |  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 583888 | 11733905 | 17484043 |
| **NET ASSETS** | $4505580 | $30007052 | $791682447 |
| **Net Assets Consist of:**<br>|  |  |  |
| Paid-in capital | $15289014 | $41539822 | $740683788 |
| Total distributable earnings/(accumulated losses) | (10783434) | (11532770) | 50998659 |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $4505580 | $30007052 | $791682447 |
| Net assets | $4505580 | $30007052 | $791682447 |
| Shares issued and outstanding<sup>(a)</sup> | 125000 | 925000 | 10950000 |
| Net asset value per share | $36.04 | $32.44 | $72.30 |
| **Cost:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Investments, at cost | $5372835 | $38307678 | $742278551 |
| **LOANED SECURITIES:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; at value (included in investments) | $554387 | $9634596 | $15947594 |

---

<sup>(a)</sup> Unlimited shares authorized without par value.

The accompanying notes are an integral part of these financial statements.

16<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**ABACUS FCF ETF TRUST** 

**STATEMENTS OF ASSETS AND LIABILITIES** 

**January 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Abacus FCF** <br>**Real Assets** <br>**Leaders ETF** | **Abacus FCF** <br>**Small Cap** <br>**Leaders ETF** | **Abacus Flexible** <br>**Bond Leaders** <br>**ETF**  |
| **ASSETS:**<br>|  |  |  |
| Investments, at value | $54825950 | $1156327 | $2609889  |
| Cash - interest bearing deposit account | 1861805 | 762 | 4533  |
| Dividends receivable | 63855 |  |  |
| Security lending income receivable | 5536 | 14 | 378  |
| Interest receivable | 2047 | 2 | 13 |
| Dividend tax reclaims receivable | 11197 |  | —  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 56770390 | 1157105 | 2614813  |
| **LIABILITIES:**<br>|  |  |  |
| Payable upon return of securities loaned | 12929527 | 168490 | 641330  |
| Payable to Adviser | 13625 | 338 | 651 |
| Payable for investments purchased | 1700000 |  | —  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 14643152 | 168828 | 641981  |
| **NET ASSETS** | $42127238 | $988277 | $1972832  |
| **Net Assets Consist of:**<br>|  |  |  |
| Paid-in capital | $39202842 | $1015205 | $9384759  |
| Total distributable earnings/(accumulated losses) | 2924396 | (26928) | (7411927)  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $42127238 | $988277 | $1972832  |
| Net assets | $42127238 | $988277 | $1972832  |
| Shares issued and outstanding<sup>(a)</sup> | 1350000 | 50500 | 100000  |
| Net asset value per share | $31.21 | $19.57 | $19.73  |
| **Cost:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Investments, at cost | $50654108 | $1154536 | $2561274  |
| **LOANED SECURITIES:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; at value (included in investments) | $12304157 | $163352 | $625827 |

---

<sup>(a)</sup> Unlimited shares authorized without par value.

The accompanying notes are an integral part of these financial statements.

17<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF ETF Trust** 

**STATEMENTS OF OPERATIONS** 

**For the Period Ended January 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Abacus FCF** <br>**Innovation** <br>**Leaders ETF** | **Abacus FCF** <br>**International** <br>**Leaders ETF** | **Abacus FCF** <br>**Leaders ETF** |
| **INVESTMENT INCOME:**<br>|  |  |  |
| Dividend income | $18168 | $311221 | $3794775 |
| Less: dividend withholding taxes |  | (10909) |  |
| Less: issuance fees |  | (17562) |  |
| Interest income | 94 | 2201 | 58477 |
| Securities lending income | 679 | 67385 | 22405 |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 18941 | 352336 | 3875657 |
| **EXPENSES:**<br>|  |  |  |
| Investment advisory fee | 16436 | 86735 | 1841330 |
| &nbsp;&nbsp;&nbsp; Total expenses | 16436 | 86735 | 1841330 |
| &nbsp;&nbsp;&nbsp; Expense reimbursement by Adviser | (5571) |  |  |
| &nbsp;&nbsp;&nbsp; Net expenses | 10865 | 86735 | 1841330 |
| **Net investment income** | 8076 | 265601 | 2034327 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** | **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |
| Net realized gain (loss) from:<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | 285949 | (4478) | 8963277 |
| &nbsp;&nbsp;&nbsp; In-kind redemptions | 241122 | 326199 | 24918817 |
| &nbsp;&nbsp;&nbsp; Foreign currency translation |  | 524 |  |
| Net realized gain (loss) | 527071 | 322245 | 33882094 |
| Net change in unrealized appreciation (depreciation) on:<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | (792076) | 2722948 | (4991352) |
| &nbsp;&nbsp;&nbsp; Foreign currency translation |  | 7132 |  |
| Net change in unrealized appreciation (depreciation) | (792076) | 2730080 | (4991352) |
| **Net realized and unrealized gain (loss)** | (265005) | 3052325 | 28890742 |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $(256929) | $3317926 | $30925069 |

---

The accompanying notes are an integral part of these financial statements.

18<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF ETF Trust** 

**STATEMENTS OF OPERATIONS** 

**For the Period Ended January 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Abacus FCF** <br>**Real Assets** <br>**Leaders ETF**  | **Abacus FCF** <br>**Small Cap** <br>**Leaders ETF** | **Abacus Flexible** <br>**Bond Leaders** <br>**ETF**  |
| **INVESTMENT INCOME:** | **INVESTMENT INCOME:** |  |  |
| Dividend income | $670659  | &nbsp;&nbsp; $7095 | &nbsp;&nbsp;&nbsp;&nbsp; $48050  |
| Less: dividend withholding taxes | (8723)  | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Less: issuance fee | (7930)  | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Interest income | 5004  | &nbsp;&nbsp; 121 | &nbsp;&nbsp;&nbsp;&nbsp; 279  |
| Securities lending income | 44180  | &nbsp;&nbsp; 89 | &nbsp;&nbsp;&nbsp;&nbsp; 1462  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 703190  | &nbsp;&nbsp; 7305 | &nbsp;&nbsp;&nbsp;&nbsp; 49791  |
| **EXPENSES:** | **EXPENSES:** |  |  |
| Investment advisory fee | 136224  | &nbsp;&nbsp; 3408 | &nbsp;&nbsp;&nbsp;&nbsp; 6008  |
| &nbsp;&nbsp;&nbsp; Total expenses | 136224  | &nbsp;&nbsp; 3408 | &nbsp;&nbsp;&nbsp;&nbsp; 6008  |
| &nbsp;&nbsp;&nbsp; Expense reimbursement by Adviser | (46178)  | &nbsp;&nbsp; (1155) | &nbsp;&nbsp;&nbsp;&nbsp; (2037)  |
| &nbsp;&nbsp;&nbsp; Net expenses | 90046  | &nbsp;&nbsp; 2253 | &nbsp;&nbsp;&nbsp;&nbsp; 3971  |
| **Net investment income** | 613144  | &nbsp;&nbsp; 5052 | &nbsp;&nbsp;&nbsp;&nbsp; 45820  |
| **REALIZED AND UNREALIZED GAIN (LOSS)** | **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |
| Net realized gain (loss) from: | Net realized gain (loss) from: |  |  |
| &nbsp;&nbsp;&nbsp; Investments | (295059)  | &nbsp;&nbsp; (13511) | &nbsp;&nbsp;&nbsp;&nbsp; 5796  |
| &nbsp;&nbsp;&nbsp; In-kind redemptions | 1526945  | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8059  |
| Net realized gain (loss) | 1231886  | &nbsp;&nbsp; (13511) | &nbsp;&nbsp;&nbsp;&nbsp; 13855  |
| Net change in unrealized appreciation (depreciation) on: | Net change in unrealized appreciation (depreciation) on: |  |  |
| &nbsp;&nbsp;&nbsp; Investments | 2730095  | &nbsp;&nbsp; (26433) | &nbsp;&nbsp;&nbsp;&nbsp; 27553  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | (21145)  | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | 2708950  | &nbsp;&nbsp; (26433) | &nbsp;&nbsp;&nbsp;&nbsp; 27553  |
| **Net realized and unrealized gain (loss)** | 3940836  | &nbsp;&nbsp; (39944) | &nbsp;&nbsp;&nbsp;&nbsp; 41408  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $4553980  | &nbsp;&nbsp; $(34892) | &nbsp;&nbsp;&nbsp;&nbsp; $87228 |

---

The accompanying notes are an integral part of these financial statements.

19<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**ABACUS FCF ETF TRUST** 

**Statements of Changes in Net Assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Abacus FCF Innovation Leaders ETF** | **Abacus FCF Innovation Leaders ETF** | **Abacus FCF International Leaders ETF**  | **Abacus FCF International Leaders ETF**  |
|  | **Period Ended** <br>**January 31, 2026** <br>(Unaudited) | **Year Ended** <br>**July 31, 2025** | **Period Ended** <br>**January 31, 2026** <br>(Unaudited) | **Year Ended** <br>**July 31, 2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp;&nbsp; $8076 | $38101 | &nbsp;&nbsp;&nbsp; $265601 | $1417325  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp;&nbsp; 527071 | 11476468 | &nbsp;&nbsp;&nbsp; 322245 | 3352122  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp; (792076) | (4391073) | &nbsp;&nbsp;&nbsp; 2730080 | (6083113)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp;&nbsp; (256929) | 7123496 | &nbsp;&nbsp;&nbsp; 3317926 | (1313666)  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | &nbsp;&nbsp;&nbsp; (10138) | (118109) | &nbsp;&nbsp;&nbsp; (246271) | (1541886)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | &nbsp;&nbsp;&nbsp; (10138) | (118109) | &nbsp;&nbsp;&nbsp; (246271) | (1541886)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp; — | 10905468 | &nbsp;&nbsp;&nbsp; — | 123634330  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp; (1972320) | (56075518) | &nbsp;&nbsp;&nbsp; (4749030) | (149549505)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp;&nbsp; (1972320) | (45170050) | &nbsp;&nbsp;&nbsp; (4749030) | (25915175)  |
| **NET INCREASE (DECREASE) IN NET ASSETS** | &nbsp;&nbsp;&nbsp; (2239387) | (38164663) | &nbsp;&nbsp;&nbsp; (1677375) | (28770727)  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp;&nbsp; 6744967 | 44909630 | &nbsp;&nbsp;&nbsp; 31684427 | 60455154  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp;&nbsp; $4505580 | $6744967 | &nbsp;&nbsp;&nbsp; $30007052 | $31684427  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp; — | 325000 | &nbsp;&nbsp;&nbsp; — | 4125000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp; (50000) | (1575000) | &nbsp;&nbsp;&nbsp; (150000) | (5075000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | &nbsp;&nbsp;&nbsp; (50000) | (1250000) | &nbsp;&nbsp;&nbsp; (150000) | (950000) |

---

The accompanying notes are an integral part of these financial statements.

20<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**ABACUS FCF ETF TRUST** 

**Statements of Changes in Net Assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Abacus FCF Leaders ETF** | **Abacus FCF Leaders ETF** | **Abacus FCF Real Assets Leaders ETF**  | **Abacus FCF Real Assets Leaders ETF**  |
|  | **Period Ended** <br>**January 31, 2026** <br>(Unaudited) | **Year Ended** <br>**July 31, 2025** | **Period Ended** <br>**January 31, 2026** <br>(Unaudited) | **Year Ended** <br>**July 31, 2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $2034327 | $4733858 | &nbsp;&nbsp; $613144 | $1006709  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 33882094 | 44083811 | &nbsp;&nbsp; 1231886 | 2457204  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (4991352) | 16579301 | &nbsp;&nbsp; 2708950 | (2145187)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | 30925069 | 65396970 | &nbsp;&nbsp; 4553980 | 1318726  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (1816562) | (4807346) | &nbsp;&nbsp; (1068336) | (1719115)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (1816562) | (4807346) | &nbsp;&nbsp; (1068336) | (1719115)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 159225432 | 614320635 | &nbsp;&nbsp; 5016295 | 63843610  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (117462488) | (367061340) | &nbsp;&nbsp; (23021358) | (51472042)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | 41762944 | 247259295 | &nbsp;&nbsp; (18005063) | 12371568  |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 70871451 | 307848919 | &nbsp;&nbsp; (14519419) | 11971179  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 720810996 | 412962077 | &nbsp;&nbsp; 56646657 | 44675478  |
| &nbsp;&nbsp;&nbsp; End of the period | $791682447 | $720810996 | &nbsp;&nbsp; $42127238 | $56646657  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 2225000 | 9100000 | &nbsp;&nbsp; 175000 | 2225000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (1625000) | (5375000) | &nbsp;&nbsp; (800000) | (1675000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | 600000 | 3725000 | &nbsp;&nbsp; (625000) | 550000 |

---

The accompanying notes are an integral part of these financial statements.

21<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**ABACUS FCF ETF TRUST** 

**Statements of Changes in Net Assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Abacus FCF Small Cap Leaders ETF** | **Abacus FCF Small Cap Leaders ETF** | **Abacus Flexible Bond Leaders ETF**  | **Abacus Flexible Bond Leaders ETF**  |
|  | **Period Ended** <br>**January 31, 2026** <br>(Unaudited) | **Period Ended** <br>**July 31, 2025<sup>(a)</sup>** | **Period Ended** <br>**January 31, 2026** <br>(Unaudited) | **Year Ended** <br>**July 31, 2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp;&nbsp; $5052 | &nbsp;&nbsp; $2872 | &nbsp;&nbsp;&nbsp; $45820 | $807656  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp;&nbsp; (13511) | &nbsp;&nbsp; 118889 | &nbsp;&nbsp;&nbsp; 13855 | 481935  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp; (26433) | &nbsp;&nbsp; (191238) | &nbsp;&nbsp;&nbsp; 27553 | (576451)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp;&nbsp; (34892) | &nbsp;&nbsp; (69477) | &nbsp;&nbsp;&nbsp; 87228 | 713140  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | &nbsp;&nbsp;&nbsp; (139016) | &nbsp;&nbsp; (3005) | &nbsp;&nbsp;&nbsp; (58596) | (935651)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | &nbsp;&nbsp;&nbsp; (139016) | &nbsp;&nbsp; (3005) | &nbsp;&nbsp;&nbsp; (58596) | (935651)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1234667 | &nbsp;&nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (491570) | (27634485)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1234667 | &nbsp;&nbsp;&nbsp; (491570) | (27634485)  |
| **NET INCREASE (DECREASE) IN NET ASSETS** | &nbsp;&nbsp;&nbsp; (173908) | &nbsp;&nbsp; 1162185 | &nbsp;&nbsp;&nbsp; (462938) | (27856996)  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp;&nbsp; 1162185 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2435770 | 30292766  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp;&nbsp; $988277 | &nbsp;&nbsp; $1162185 | &nbsp;&nbsp;&nbsp; $1972832 | $2435770  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 50500 | &nbsp;&nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (25000) | (1300000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 50500 | &nbsp;&nbsp;&nbsp; (25000) | (1300000) |

---

<sup>(a)</sup> Inception date of the Fund was February 18, 2025.

The accompanying notes are an integral part of these financial statements.

22<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Innovation Leaders ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **Year Ended July 31,** | **Year Ended July 31,** | **Year Ended July 31,** | **Year Ended July 31,** | **Period Ended** <br>**July 31,** <br>**2021<sup>(a)</sup>**  |
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022**  | **Period Ended** <br>**July 31,** <br>**2021<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $38.54 | $31.52 | $26.74 | $23.99 | $29.61 | &nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.06 | 0.07 | 0.14 | 0.17 | 0.12 | &nbsp;&nbsp;&nbsp;&nbsp;0.02  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (2.49) | 7.49 | 4.86 | 2.85 | (4.34) | &nbsp;&nbsp;&nbsp;&nbsp;4.60  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (2.43) | 7.56 | 5.00 | 3.02 | (4.22) | &nbsp;&nbsp;&nbsp;&nbsp;4.62  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.07) | (0.54) | (0.22) | (0.27) | (0.05) | &nbsp;&nbsp; (0.01)  |
| Net realized gains | &nbsp;&nbsp;&nbsp; — |  |  |  | (1.35) | &nbsp;&nbsp; —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.07) | (0.54) | (0.22) | (0.27) | (1.40) | &nbsp;&nbsp; (0.01)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $36.04 | $38.54 | $31.52 | $26.74 | $23.99 | &nbsp;&nbsp; $29.61  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -6.31% | 24.11% | 18.76% | 12.84% | -15.16% | &nbsp;&nbsp; 18.48%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $4506 | $6745 | $44910 | $39446 | $92953 | &nbsp;&nbsp; $87362  |
| Ratio of expenses to average net assets:<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/ recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.59% | 0.67%<sup>(g)</sup> | 0.69% | 0.69% | 0.69% | &nbsp;&nbsp; 0.69%  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursement/<br>recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.39% | 0.64%<sup>(h)</sup> | 0.69% | 0.69% | 0.69% | &nbsp;&nbsp; 0.69%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.29% | 0.20% | 0.50% | 0.72% | 0.45% | &nbsp;&nbsp; 0.11%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 41% | 79% | 86% | 161% | 82% | &nbsp;&nbsp; 40% |

---

<sup>(a)</sup> Inception date of the Fund was December 7, 2020.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

<sup>(g)</sup> Effective February 1, 2025, the management fee charged by the Fund was reduced to 0.59%. Prior to February 1, 2025, the management fee charged by the Fund was 0.69%.

<sup>(h)</sup> Effective February 1, 2025, the Adviser agreed to waive a portion of the Fund's management fee equal to 0.20% of the Fund's average daily net assets through at least November 28, 2026. 

The accompanying notes are an integral part of these financial statements.

23<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF International Leaders ETF** 

**Financial Highlights** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **Year Ended July 31,**  | **Year Ended July 31,**  | **Year Ended July 31,**  | **Year Ended July 31,**  | **Year Ended July 31,**  |
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp; $29.47 | $29.85 | $27.96 | $29.27 | $36.38 | $26.16  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.26 | 0.56 | 0.55 | 1.02 | 1.12 | 0.44  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2.96 | (0.14) | 1.93 | 0.43 | (7.50) | 9.98  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;3.22 | 0.42 | 2.48 | 1.45 | (6.38) | 10.42  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp; (0.25) | (0.80) | (0.59) | (2.76) | (0.31) | (0.20)  |
| Net realized gains | &nbsp;&nbsp; — |  |  |  | (0.42) | —  |
| **Total distributions** | &nbsp;&nbsp; (0.25) | (0.80) | (0.59) | (2.76) | (0.73) | (0.20)  |
| ETF transaction fees per share | &nbsp;&nbsp; — |  |  | 0.00<sup>(c)</sup> |  | —  |
| **Net asset value, end of period** | &nbsp;&nbsp; $32.44 | $29.47 | $29.85 | $27.96 | $29.27 | $36.38  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp; 10.92% | 1.38% | 9.00% | 6.02% | -17.93% | 39.96%  |
|  **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period <br>(in thousands) | &nbsp;&nbsp; $30007 | $31684 | $60455 | $53826 | $54157 | $59114  |
| &nbsp;&nbsp;&nbsp; Ratio of expenses to average net <br>assets<sup>(e)</sup> | &nbsp;&nbsp; 0.54% | 0.57%<sup>(g)</sup> | 0.59% | 0.59% | 0.59% | 0.59%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp; 1.65% | 1.89% | 1.95% | 3.79% | 3.32% | 1.32%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp; 35% | 143% | 55% | 62% | 42% | 87% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

<sup>(g)</sup> Effective February 1, 2025, the management fee charged by the Fund was reduced to 0.54%. Prior to February 1, 2025, the management fee charged by the Fund was 0.59%. 

The accompanying notes are an integral part of these financial statements.

24<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Leaders ETF** 

**Financial Highlights** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **Year Ended July 31,**  | **Year Ended July 31,**  | **Year Ended July 31,**  | **Year Ended July 31,**  | **Year Ended July 31,**  |
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
|  Net asset value, beginning of period | &nbsp;&nbsp; $69.64 | $62.33 | $54.00 | $48.81 | $55.12 | $39.92  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | 0.19 | 0.52 | 0.49 | 0.53 | 0.60 | 0.28  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | 2.64 | 7.33 | 8.26 | 5.61 | (1.59) | 15.11  |
|  **Total from investment operations** | 2.83 | 7.85 | 8.75 | 6.14 | (0.99) | 15.39  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp; (0.17) | (0.54) | (0.42) | (0.52) | (0.47) | (0.19)  |
| Net realized gains | &nbsp;&nbsp; — |  |  | (0.43) | (4.85) | —  |
| **Total distributions** | &nbsp;&nbsp; (0.17) | (0.54) | (0.42) | (0.95) | (5.32) | (0.19)  |
| **Net asset value, end of period** | &nbsp;&nbsp; $72.30 | $69.64 | $62.33 | $54.00 | $48.81 | $55.12  |
| Total return<sup>(c)</sup> | &nbsp;&nbsp; 4.06% | 12.65% | 16.29% | 12.87% | -2.92%<sup>(f)</sup> | 38.64%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period <br>(in thousands) | &nbsp;&nbsp; $791682 | $720811 | $412962 | $203857 | $176938 | $203949  |
|  Ratio of expenses to average net assets<sup>(d)</sup> | &nbsp;&nbsp; 0.49% | 0.53%<sup>(g)</sup> | 0.59% | 0.59% | 0.59% | 0.59%  |
|  Ratio of net investment income (loss) to average net assets<sup>(d)</sup> | &nbsp;&nbsp; 0.54% | 0.78% | 0.85% | 1.09% | 1.15% | 0.61%  |
| Portfolio turnover rate<sup>(c)(e)</sup> | &nbsp;&nbsp; 56% | 98% | 70% | 39% | 51% | 98% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(c)</sup> Not annualized for periods less than one year.

<sup>(d)</sup> Annualized for periods less than one year.

<sup>(e)</sup> Portfolio turnover rate excludes in-kind transactions.

<sup>(f)</sup> During the fiscal year ended July 31, 2022, the Advisor reimbursed the Fund for certain losses. Had the Fund not been reimbursed for these losses the total return would have remained at -2.92%. 

<sup>(g)</sup> Effective February 1, 2025, the management fee charged by the Fund was reduced to 0.49%. Prior to February 1, 2025, the management fee charged by the Fund was 0.59%. 

The accompanying notes are an integral part of these financial statements.

25<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Real Assets Leaders ETF** 

**Financial Highlights** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **Year Ended July 31,** | **Year Ended July 31,** | **Year Ended July 31,** | **Period Ended** <br>**July 31,** <br>**2022<sup>(a)</sup>**  |
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **2025** | **2024** | **2023**  | **Period Ended** <br>**July 31,** <br>**2022<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp; $28.68 | $31.35 | $28.37 | $26.31 | &nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.39 | 0.85 | 0.98 | 1.21 | &nbsp;&nbsp;&nbsp;&nbsp;0.63  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2.66 | (0.87) | 3.35 | 3.10 | &nbsp;&nbsp;&nbsp;&nbsp;1.11  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;3.05 | (0.02) | 4.33 | 4.31 | &nbsp;&nbsp;&nbsp;&nbsp;1.74  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |
| Net investment income | &nbsp;&nbsp; (0.52) | (2.65) | (1.35) | (1.50) | &nbsp;&nbsp; (0.43)  |
| Net realized gains | &nbsp;&nbsp; — |  |  | (0.75) | &nbsp;&nbsp; —  |
| **Total distributions** | &nbsp;&nbsp; (0.52) | (2.65) | (1.35) | (2.25) | &nbsp;&nbsp; (0.43)  |
| **Net asset value, end of period** | &nbsp;&nbsp; $31.21 | $28.68 | $31.35 | $28.37 | &nbsp;&nbsp; $26.31  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp; 10.78% | 0.14% | 15.86% | 17.62% | &nbsp;&nbsp; 6.88%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp; $42127 | $56647 | $44675 | $41848 | &nbsp;&nbsp; $34857  |
| Ratio of expenses to average net assets:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment<sup>(e)</sup> | &nbsp;&nbsp; 0.59% | 0.63%<sup>(g)</sup> | 0.69% | 0.69% | &nbsp;&nbsp; 0.69%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment<sup>(e)</sup> | &nbsp;&nbsp; 0.39% | 0.51%<sup>(h)</sup> | 0.69% | 0.69% | &nbsp;&nbsp; 0.69%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp; 2.66% | 2.89% | 3.39% | 4.62% | &nbsp;&nbsp; 3.79%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp; 66% | 101% | 84% | 90% | &nbsp;&nbsp; 48% |

---

<sup>(a)</sup> Inception date of the Fund was December 13, 2021.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

<sup>(g)</sup> Effective February 1, 2025, the management fee charged by the Fund was reduced to 0.59%. Prior to February 1, 2025, the management fee charged by the Fund was 0.69%.

<sup>(h)</sup> Effective February 1, 2025, the Adviser agreed to waive a portion of the Fund's management fee equal to 0.20% of the Fund's average daily net assets through at least November 28, 2026. 

The accompanying notes are an integral part of these financial statements.

26<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF Small Cap Leaders ETF** 

**Financial Highlights** 

---

| | | |
|:---|:---|:---|
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **Period Ended** <br>**July 31,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $23.01 | &nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.06  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (0.79) | &nbsp;&nbsp;&nbsp; (1.99)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (0.69) | &nbsp;&nbsp;&nbsp; (1.93)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.10) | &nbsp;&nbsp;&nbsp; (0.06)  |
| Net realized gains | &nbsp;&nbsp;&nbsp; (2.65) | &nbsp;&nbsp;&nbsp; —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (2.75) | &nbsp;&nbsp;&nbsp; (0.06)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $19.57 | &nbsp;&nbsp;&nbsp; $23.01  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -3.38% | &nbsp;&nbsp;&nbsp; -7.77%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $988 | &nbsp;&nbsp;&nbsp; $1162  |
| Ratio of expenses to average net assets:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp; 0.59%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.39% | &nbsp;&nbsp;&nbsp; 0.39%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp; 0.58%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 76% | &nbsp;&nbsp;&nbsp; 83% |

---

<sup>(a)</sup> Inception date of the Fund was February 18, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

27<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**Abacus Flexible Bond Leaders ETF** 

**Financial Highlights** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **Year Ended July 31,** | **Year Ended July 31,** | **Year Ended July 31,** | **Year Ended July 31,** | **Period Ended** <br>**July 31,** <br>**2021<sup>(a)</sup>**  |
|  | **Period Ended** <br>**January 31,** <br>**2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022**  | **Period Ended** <br>**July 31,** <br>**2021<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $19.49 | $21.26 | $20.88 | $22.13 | $25.23 | &nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.45 | 1.30 | 1.11 | 0.93 | 0.61 | &nbsp;&nbsp;&nbsp;&nbsp;0.57  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.38 | (0.15) | 0.38 | (1.33) | (3.08) | &nbsp;&nbsp;&nbsp;&nbsp;0.15  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.83 | 1.15 | 1.49 | (0.40) | (2.47) | &nbsp;&nbsp;&nbsp;&nbsp;0.72  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.59) | (2.92) | (1.11) | (0.85) | (0.63) | &nbsp;&nbsp; (0.49)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.59) | (2.92) | (1.11) | (0.85) | (0.63) | &nbsp;&nbsp; (0.49)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $19.73 | $19.49 | $21.26 | $20.88 | $22.13 | &nbsp;&nbsp; $25.23  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 4.29% | 5.95% | 7.39% | -1.73% | -9.96% | &nbsp;&nbsp; 2.92%  |
| **SUPPLEMENTAL DATA AND RATIOS:<sup>(e)</sup>**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period <br>(in thousands) | &nbsp;&nbsp;&nbsp; $1973 | $2436 | $30293 | $31319 | $47587 | &nbsp;&nbsp; $88952  |
| Ratio of expenses to average net assets:<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/ recoupment<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 0.59% | 0.68%<sup>(h)</sup> | 0.69% | 0.69% | 0.69% | &nbsp;&nbsp; 0.69%  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursement/ <br>recoupment<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 0.39% | 0.66%<sup>(i)</sup> | 0.69% | 0.69% | 0.69% | &nbsp;&nbsp; 0.69%  |
|  Ratio of net investment income (loss) to average net assets<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 4.50% | 6.14% | 5.34% | 4.44% | 2.52% | &nbsp;&nbsp; 3.54%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 77% | 459% | 662% | 792% | 1,029% | &nbsp;&nbsp; 327% |

---

<sup>(a)</sup> Inception date of the Fund was December 7, 2020.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Ratios do not include the income and expenses of the underlying funds in which the Fund invests.

<sup>(f)</sup> Annualized for periods less than one year.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

<sup>(h)</sup> Effective February 1, 2025, the management fee charged by the Fund was reduced to 0.59%. Prior to February 1, 2025, the management fee charged by the Fund was 0.69%.

<sup>(i)</sup> Effective February 1, 2025, the Adviser agreed to waive a portion of the Fund's management fee equal to 0.20% of the Fund's average daily net assets through at least November 28, 2026. 

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**ABACUS FCF ETF TRUST** 

**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)** 

1. ORGANIZATION

The Abacus FCF Leaders ETF ("ABFL") (formerly known as the FCF US Quality ETF), Abacus FCF International Leaders ETF ("ABLG") (formerly known as the FCF International Quality ETF), Abacus Flexible Bond Leaders ETF ("ABXB") (formerly known as the Abacus Tactical High Yield ETF and, prior to that, Donoghue Forlines Tactical High Yield ETF), Abacus FCF Innovation Leaders ETF ("ABOT") (formerly known as the Donoghue Forlines Innovation ETF), Abacus FCF Real Assets Leaders ETF ("ABLD") (formerly known as the Donoghue Forlines Yield Enhanced Real Asset ETF) and Abacus FCF Small Cap Leaders ETF ("ABLS") (each, a "Fund," and collectively, the "Funds") are each a series of the Abacus FCF ETF Trust (formerly known as the TrimTabs ETF Trust) (the "Trust"). The Trust was organized as a Delaware statutory trust on April 2, 2014. Each Fund is classified as a diversified, open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"). ABFL commenced operations on September 27, 2016 and that is the date the initial creation units were established. The Fund seeks to generate long-term returns in excess of the total return of the Russell 3000<sup>®</sup> Index (the "Russell Index"), with less volatility than the Russell Index. ABLG commenced operations on June 27, 2017 and that is the date the initial creation units were established. The Fund seeks to generate long-term total returns. ABXB commenced operations on December 7, 2020 and that is the date the initial creation units were established. The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Abacus Flexible Bond Leaders Index. ABXB is a "fund of funds", meaning it will generally invest its assets in other registered investment companies. ABOT commenced operations on December 7, 2020 and that is the date the initial creation units were established. The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Abacus FCF Innovation Leaders Index. ABLD commenced operations on December 13, 2021 and that is the date the initial creation units were established. The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Abacus FCF Real Assets Leaders Index. ABLS commenced operations on February 18, 2025 and that is the date the initial creation units were established. On February 18, 2025, all of the assets of a separately managed account (the "Predecessor Account"), which had been managed by the Abacus FCF Advisors LLC (the "Adviser") since March 18, 2021, and had investment policies, objectives, guidelines and restrictions that were in all material respects equivalent to those of ABLS, were transferred to ABLS in a tax-free transaction (the "Transaction"). Prior to the date of the Transaction, ABLS had not commenced investment operations. As part of the commencement of operations on February 18, 2025, ABLS received an in-kind contribution from the Predecessor Account, which consisted of $10,508 of cash and $1,002,675 of securities which were recorded at their fair value. However, as the Transaction was determined to be a non-taxable transaction by management, the Fund elected to retain the securities' original cost basis for book and tax purposes to align ongoing reporting. The cost of the contributed securities as of February 18, 2025 was $783,213, resulting in net unrealized appreciation on investments of $219,462 as of the Transaction date. ABLS issued 40,500 shares at $25.02 per share net asset value. ABLS seeks to provide investment results that closely correspond, before fees and expenses, generally to the performance of the Abacus FCF Small Cap Leaders Index.

Shares of the Funds are listed and traded on the Cboe BZX Exchange, Inc. ("Cboe" or the "Exchange"). Market prices for the shares may be different from their net asset value ("NAV"). Each Fund issues and redeems shares on a continuous basis at NAV only in large blocks of shares, called "Creation Units," which generally consist of 25,000 shares. Creation Units are issued and redeemed principally in-kind for securities included in a specified universe. Once created, shares generally trade in the secondary market at market prices that change throughout the day in amounts less than a Creation Unit. Except when aggregated in Creation Units, shares are not redeemable securities of a Fund. Shares of a Fund may only be purchased directly from or redeemed directly to a Fund by certain financial institutions ("Authorized Participants"). An Authorized Participant is either (i) a broker-dealer or other participant in the clearing process through the Continuous Net Settlement System of the National Securities Clearing Corporation or (ii) a DTC participant and, in each case, must have executed a Participant Agreement with Quasar Distributors, LLC (the "Distributor"). Most retail investors do not qualify as Authorized Participants or have the resources to buy and sell whole Creation Units. Therefore, most retail investors may purchase shares in the secondary market with the assistance of a broker and are subject to customary brokerage commissions or fees.

Each Fund currently offers one class of shares, which have no front-end sales loads, no deferred sales charges, and no redemption fees. A purchase (i.e., creation) transaction fee is imposed for the transfer and other transaction costs associated with the purchase of Creation Units. Each Fund charges $300 for the standard fixed creation fee, payable to

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**ABACUS FCF ETF TRUST** 

**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

the Custodian. In addition, a variable fee may be charged on all cash transactions or substitutes for Creation Units of up to a maximum of 2% as a percentage of the total value of the Creation Units subject to the transaction. Variable fees received by each Fund are displayed in the Capital Share Transactions section of the Statements of Changes in Net Assets. There were no variable fees charged in any Fund during the fiscal year. Each Fund may issue an unlimited number of shares of beneficial interest, with no par value. Shares of each Fund have equal rights and privileges with respect to such Fund.

2. SIGNIFICANT ACCOUNTING POLICIES

Each Fund is a registered investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946 Financial Services – Investment Companies.

The following is a summary of significant accounting policies followed by each Fund in the preparation of their financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America ("GAAP").

**Security Transactions and Investment Income: Investment securities transactions are accounted for on the trade date. Gains and losses realized on sales of securities are computed on the basis of specific identification. Dividend income and income from underlying investment companies is recorded on the ex-dividend date. Withholding taxes on foreign dividends have been provided for in accordance with the Funds' understanding of the applicable tax rules and regulations. Interest income is recorded on an accrual basis. Discounts and premiums on securities purchased are accreted and amortized over the lives of the respective securities.** 

**Dividend Distributions: Distributions to shareholders are recorded on the ex-dividend date and are determined in accordance with federal income tax regulations, which may differ from GAAP. Each Fund distributes all or substantially all of its net investment income to shareholders in the form of dividends.** 

**Federal Income Taxes: The Funds comply with the requirements of subchapter M of the Internal Revenue Code of 1986, as amended, necessary to qualify as regulated investment companies and distribute substantially all net taxable investment income and net realized gains to shareholders in a manner which results in no tax cost to the Funds. Therefore, no federal income tax provision is required. As of and during the year ended July 31, 2025, the Funds' most recent fiscal year end, the Funds did not have any tax positions that did not meet the "more-likely-than-not" threshold of being sustained by the applicable tax authority. As of and during the year ended July 31, 2025, the Funds' most recent fiscal year end, the Funds did not have liabilities for any unrecognized tax benefits on uncertain tax positions as income tax expense in the Statements of Operations. During the year ended July 31, 2025, the Funds' most recent fiscal year end, the Funds did not incur any interest or penalties. The Funds are subject to examination by U.S. taxing authorities for the prior three fiscal years.** 

**Currency Translation: Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. The effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments in the Funds' Statements of Operations. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.** 

**Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.** 

**Share Valuation: The NAV per share of each Fund is calculated by dividing the sum of the value of the securities held by the Fund, plus cash and other assets, minus all liabilities (including estimated accrued expenses) by the total number of shares outstanding for the Fund, rounded to the nearest cent. The offering and redemption price per share for each Fund is equal to the Fund's net asset value per share.** 

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**ABACUS FCF ETF TRUST** 

**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

**Guarantees and Indemnifications: The Funds indemnify their officers and trustees for certain liabilities that may arise from the performance of their duties to the Funds. Additionally, in the normal course of business, the Trust enters into contracts with its vendors and others that provide for general indemnifications. The Trust and Funds' maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds. However, based on industry experience, the Funds expect that risk of loss to be remote.** 

**Reclassification of Capital Accounts: U.S. GAAP requires that certain components of net assets relating to permanent differences be reclassified between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. For the fiscal year ended July 31, 2025, the Funds' most recent fiscal year end, the following table shows the reclassifications made:** 

---

| | | |
|:---|:---|:---|
| **Fund** | **Distributable Earnings** <br>**(Accumulated Deficit)** | **Paid-In Capital**  |
| ABOT | &nbsp;&nbsp;&nbsp;&nbsp; $(11138649) | $11138649  |
| ABLG | &nbsp;&nbsp;&nbsp;&nbsp; $(5552649) | $5552649  |
| ABFL | &nbsp;&nbsp;&nbsp;&nbsp; $(71357818) | $71357818  |
| ABLD | &nbsp;&nbsp;&nbsp;&nbsp; $(4517117) | $4517117  |
| ABLS<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | $—  |
| ABXB | &nbsp;&nbsp;&nbsp;&nbsp; $(197758) | $197758 |

---

During the fiscal year ended July 31, 2025, the Funds' most recent fiscal year end, the Funds realized the following net capital gains or losses resulting from in-kind redemptions in which shareholders exchanged Fund shares for securities held by the Funds rather than for cash. Because such gains or losses are not taxable or deductible to the Funds, and are not distributed to shareholders, they have been reclassified from distributable earnings to paid-in capital.

---

| | |
|:---|:---|
| **Fund** | **Gains from** <br>**In-Kind Redemptions**  |
| ABOT | &nbsp;&nbsp;&nbsp;&nbsp; $11439545  |
| ABLG | &nbsp;&nbsp;&nbsp;&nbsp; $9575358  |
| ABFL | &nbsp;&nbsp;&nbsp;&nbsp; $74984337  |
| ABLD | &nbsp;&nbsp;&nbsp;&nbsp; $4890106  |
| ABLS<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; N/A  |
| ABXB | &nbsp;&nbsp;&nbsp;&nbsp; $250352 |

---

<sup>(1)</sup> ABLS commenced operations on February 18, 2025.

**Underlying Investment in Other Investment Companies: ABXB seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Abacus Flexible Bond Leaders Index. The Fund seeks to achieve its investment objective by investing in Underlying ETFs. As of January 31, 2026, the Fund invested a portion of its assets in the iShares International Treasury Bond ETF and the iShares J.P. Morgan USD Emerging Markets Bond ETF. As of January 31, 2026, the percentage of ABXB's total net assets invested in the iShares International Treasury Bond ETF and the iShares J.P. Morgan USD Emerging Markets Bond ETF was 20.2% and 20.1%, respectively. iShares International Treasury Bond ETF's and iShares J.P. Morgan USD Emerging Markets Bond ETF's financial statements can be found by accessing the SEC's website at www.sec.gov.** 

The Funds participate in the securities lending program and receive cash collateral in return for securities lent. The collateral is invested in the Mount Vernon Liquid Assets Portfolio, LLC of which the investment objective is to seek to maximize current income to the extent consistent with the preservation of capital and liquidity and to maintain a stable net asset value of $1.00 per unit by investing in dollar-denominated securities with remaining maturities of 397 calendar days or less. As of January 31, 2026, the percentage of ABLG's, ABLD's and ABXB's total net assets invested in the Mount Vernon Liquid Assets Portfolio, LLC was 33.7%, 30.7%, and 32.5%, respectively. No other Fund had an investment in the Mount Vernon Liquid Assets Portfolio, LLC that exceeded 20% of total net assets as of January 31, 2026.

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**ABACUS FCF ETF TRUST** 

**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

**Subsequent Events: The Trust has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. Based on this evaluation, no adjustments or disclosures were required to the financial statements.** 

3. SECURITIES VALUATION

**Investment Valuation: Each Fund calculates its net asset value ("NAV") each day the New York Stock Exchange (the "NYSE") is open for trading as of the close of regular trading on the NYSE, normally 4:00 p.m. Eastern time (the "NAV Calculation Time").** 

Equity securities are valued primarily on the basis of market quotations reported on stock exchanges and other securities markets around the world. If an equity security is listed on a national securities exchange, the security is valued at the closing price or, if the closing price is not readily available, the mean of the closing bid and asked prices.

Investments in other open-end investment companies, including money market funds, are valued at the investment company's net asset value per share, with the exception of exchange-traded open-end investment companies, which are priced as equity securities described above.

Units of Mount Vernon Liquid Assets Portfolio, LLC are not traded on an exchange and are valued at the investment company's NAV per share as provided by its administrator.

Deposit accounts are valued at acquisition cost, which approximates fair value. Market quotations and indicative bids are obtained from outside pricing services. Additionally, the Funds' Board of Trustees (the "Board") has designated the Adviser to serve as the valuation designee, pursuant to Rule 2a-5 under the 1940 Act, to perform the fair value determinations relating to any or all Fund investments. Accordingly, if a market quotation is not readily available or otherwise becomes unreliable, the Adviser will determine in good faith the price of the security held by the Funds based on a determination of the security's fair value pursuant to policies and procedures approved by the Board. In addition, the Adviser may use fair valuation to price securities that trade on a foreign exchange when a significant event has occurred after the foreign exchange closes but before the time at which the Funds' NAV's are calculated. Such valuations would typically be categorized as Level 2 or Level 3 in the fair value hierarchy described below.

Foreign exchanges typically close before the time at which Fund share prices are calculated and may be closed altogether on some days when shares of the Funds are traded. Significant events affecting a foreign security may include, but are not limited to: corporate actions, earnings announcements, litigation or other events impacting a single issuer; governmental action that affects securities in one sector or country; natural disasters or armed conflicts affecting a country or region; or significant domestic or foreign market fluctuations.

Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Fair Valuation Measurement: The FASB established a framework for measuring fair value in accordance with GAAP. Under FASB ASC Topic 820, Fair Value Measurement, various inputs are used in determining the value of each Fund's investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three Levels of inputs of the fair value hierarchy are defined as follows:** 

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities.

---

| | |
|:---|:---|
| Level 2 –<br>| Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.  |

---

---

| | |
|:---|:---|
| Level 3 –<br>| Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability and would be based on the best information available.  |

---

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

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**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The following is a summary of the inputs used to value the Funds' investments as of January 31, 2026:

**ABOT** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $4498348 | $— | $— | $4498348  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> |  |  |  | 582315  |
| **Total Investments** | $4498348 | $— | $— | $5080663 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(a)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $582,315 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments. 

**ABLG** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $29497022 | $251805 | $—<sup>(c)</sup> | $29748827  |
| &nbsp;&nbsp;&nbsp; Warrants |  |  | —<sup>(b)</sup> | —  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> |  |  |  | 10097466  |
| **Total Investments** | $29497022 | $251805 | $— | $39846293 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(a)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $10,097,466 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

<sup>(b)</sup> Security valued at fair value using methods determined in good faith by or at the direction of the Fund's valuation designee. Value determined using significant unobservable inputs. At January 31, 2026, the fair value of this security represented less than 0.05% of net assets.

<sup>(c)</sup> Russia's invasion of Ukraine has led to unprecedented market and policy responses of governments and regulators around the world. There is no functioning or orderly market to facilitate the liquidation of any security impacted by Russia-related sanctions. As a result, the fair value of the Russia-related sanctioned security held by the Fund has been reduced to zero. 

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**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

**ABFL** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $790004187 | $— | $— | $790004187  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> |  |  |  | 17157134  |
| **Total Investments** | $790004187 | $— | $— | $807161321 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(a)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $17,157,134 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments. 

**ABLD** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $31666985 | $— | $— | $31666985  |
| &nbsp;&nbsp;&nbsp; Master Limited Partnerships | 5680181 |  |  | 5680181  |
| &nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 4549257 |  |  | 4549257  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> |  |  |  | 12929527  |
| **Total Investments** | $41896423 | $— | $— | $54825950 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(a)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $12,929,527 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments. 

**ABLS** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $987837 | $— | $— | $987837  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> |  |  |  | 168490  |
| **Total Investments** | $987837 | $— | $— | $1156327 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(a)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $168,490 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments. 

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**ABACUS FCF ETF TRUST** 

**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

**ABXB** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | $1968559 | $— | $— | $1968559  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> |  |  |  | 641330  |
| **Total Investments** | $1968559 | $— | $— | $2609889 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(a)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $641,330 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments. 

**Accounting Pronouncements: In June 2022, the FASB issued Accounting Standards Update 2022-03, which amends Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ("ASU 2022-03"). ASU 2022-03 clarifies guidance for fair value measurement of an equity security subject to a contractual sale restriction and establishes new disclosure requirements for such equity securities. ASU 2022-03 is currently effective for the Funds. Management has determined that there were no significant impacts of these amendments on the Funds' financial statements.** 

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ("ASU 2023-07"). ASU 2023-07 is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, allowing financial statement users to better understand the components of a segment's profit or loss and assess potential future cash flows for each reportable segment and the entity as a whole. The amendments expand a public entity's segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker, clarifying when an entity may report one or more additional measures to assess segment performance, requiring enhanced interim disclosures and providing new disclosure requirements for entities with a single reportable segment, among other new disclosure requirements. Management has evaluated the impact of adopting ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures with respect to the financial statements and disclosures and determined there is no material impact for the Funds. Each Fund operates as a single segment entity. Each Fund's income, expenses, assets, and performance are regularly monitored and assessed by the Chief Operating Officer/Chief Compliance Officer of the Adviser, who serves as the chief operating decision maker, using the information presented in the financial statements and financial highlights.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid. The ASU allows for early adoption and amendments should be applied on a prospective basis. Management does not expect this guidance to materially impact the financial statements.

4. OTHER RELATED PARTY TRANSACTIONS

Pursuant to an Investment Advisory Agreement ("Investment Advisory Agreement") between the Trust, on behalf of the Funds, and the Adviser, the Adviser provides investment advice to the Funds and oversees the day-to-day operations of the Funds, subject to the direction and control of the Board and the officers of the Trust. The Adviser administers the Funds' business affairs, provides office facilities and equipment and certain clerical, bookkeeping and administrative services. The Adviser bears the costs of all advisory and non-advisory services required to operate the Funds, including payment of Trustee compensation, in exchange for a single unitary management fee. For services provided to the Funds, ABLG and ABFL pay the Adviser 0.54% and 0.49%, respectively, of their average daily net assets. ABOT, ABLD, ABLS and ABXB each pay the Adviser 0.59% at an annual rate based on each Fund's average daily net assets. The Adviser has contractually agreed to waive a portion of the management fee for ABOT, ABLD, ABLS and ABXB equal to 0.20% of each Fund's average daily net assets through at least November 28, 2026. There are no expense recapture provisions in the fee waiver agreements.

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**ABACUS FCF ETF TRUST** 

**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

Certain officers and a Trustee of the Trust are affiliated with the Adviser and are not paid any fees by the Funds for serving in such capacities.

5. SERVICE AND CUSTODY AGREEMENTS

The Funds have entered into Service Agreements with U.S. Bancorp Fund Services, LLC ("Fund Services" or "Administrator"), doing business as U.S. Bank Global Fund Services, and a Custody Agreement with U.S. Bank, N.A. ("USB"), an affiliate of Fund Services. Under these agreements, Fund Services and USB provide certain transfer agency, administrative, accounting and custody services and are paid by the Adviser under the unitary fee arrangement noted above.

Quasar Distributors, LLC ("Quasar") acts as the Funds' principal underwriter in a continuous public offering of the Funds' shares. Quasar is a wholly-owned subsidiary of Foreside Financial Group, LLC ("Foreside"), doing business as ACA Group.

The Trust has adopted a distribution and service plan ("Rule 12b-1 Plan") pursuant to Rule 12b-1 under the 1940 Act. Under the Rule 12b-1 Plan, each Fund is authorized to pay distribution fees in connection with the sale and distribution of its shares and pay service fees in connection with the provision of ongoing services to shareholders. To date, the Rule 12b-1 Plan has not been implemented for the Funds and there is no current intention to implement the Rule 12b-1 Plan.

6. INVESTMENT TRANSACTIONS

For the period ended January 31, 2026, the aggregate purchases and sales of securities by each Fund, excluding short-term securities and in-kind transactions, were as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Purchases** | **Sales**  |
| ABOT | $2285896 | $2284198  |
| ABLG | $10882246 | $11010262  |
| ABFL | $427068548 | $420073781  |
| ABLD | $30873258 | $31140495  |
| ABLS | $854669 | $981822  |
| ABXB | $1569193 | $1572332 |

---

For the period ended January 31, 2026, in-kind transactions associated with creations and redemptions were as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Purchases** | **Sales**  |
| ABOT | $— | $1972130  |
| ABLG | $— | $4632794  |
| ABFL | $158074497 | $116388293  |
| ABLD | $4967417 | $22788479  |
| ABLS | $— | $—-  |
| ABXB | $— | $486368 |

---

For the period ended January 31, 2026, there were no long-term purchases or sales of U.S. Government Securities for the Funds.

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**ABACUS FCF ETF TRUST** 

**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

7. INCOME TAX INFORMATION

The components of tax basis cost of investments and net unrealized appreciation for federal income tax purposes as of July 31, 2025, the Funds' most recent fiscal year end, were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **ABOT** | **ABLG** | **ABFL** | **ABLD** | **ABLS<sup>(1)</sup>** | **ABXB**  |
| Tax cost of investments  | $7345928 | $43657187 | $706404060 | $64351727 | $1208533 | $2866826  |
|  Gross tax unrealized appreciation  | 933873 | 1662168 | 100014925 | 2887543 | 107506 | 27376  |
|  Gross tax unrealized depreciation  | (456014) | (2980289) | (38781731) | (1664302) | (79953) | (8340)  |
|  Net tax unrealized appreciation (depreciation)  | 477859 | (1318121) | 61233194 | 1223241 | 27553 | 19036  |
|  Undistributed ordinary income  | 4258 | 3351 | 493492 | 816271 |  | 12554  |
|  Undistributed long-term capital gains  |  |  |  |  | 119427 | —  |
| Distributable earnings  | 4258 | 3351 | 493492 | 816271 | 119427 | 12554  |
| &nbsp;&nbsp;&nbsp; Other accumulated <br>gain (loss)  | (10998484) | (13289655) | (39836534) | (2600760) |  | (7472149)  |
|  Total distributable earnings (accumulated deficit)  | $(10516367) | $(14604425) | $21890152 | $(561248) | $146980 | $(7440559) |

---

<sup>(1)</sup> ABLS commenced operations on February 18, 2025.

The difference between book and tax-basis cost is attributable to the realization for tax purposes of unrealized gains on investments in publicly traded partnerships and wash sales. Under tax law, certain capital and foreign currency losses realized after October 31 and within the taxable year are deemed to arise on the first business day of each Fund's next taxable year. The other accumulated losses presented in the table above for ABLG and ABLD differ from the capital loss carryforwards presented in the table below due to foreign currency unrealized gains in ABLG and accumulated outstanding passive activity losses from partnership interests in ABLD.

At July 31, 2025, the Funds' most recent fiscal year end, the Funds had the following capital loss carryforwards:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Short-Term** | **Long-Term** | **Total** | **Expires**  |
| ABOT | $7504485 | $3493999 | $10998484 | Indefinite  |
| ABLG | $6847134 | $6452912 | $13300046 | Indefinite  |
| ABFL | $34150848 | $5685686 | $39836534 | Indefinite  |
| ABLD | $2256167 | $208538 | $2464705 | Indefinite  |
| ABLS<sup>(1)</sup> | $— | $— | $— | N/A  |
| ABXB | $7130213 | $341936 | $7472149 | Indefinite |

---

During the tax year ended July 31, 2025, the Funds' most recent fiscal year end, the following Funds utilized capital loss carryforwards:

---

| | |
|:---|:---|
| **Fund** | **Amount**  |
| ABOT | $271301  |
| ABXB | $213166 |

---

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**ABACUS FCF ETF TRUST** 

**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

The tax character of distributions paid by the Funds during the period ended January 31, 2026 and the fiscal year ended July 31, 2025 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Ordinary Income** | **Ordinary Income** | **Capital Gains**  | **Capital Gains**  |
| <br>**Fund** | **Period Ended** <br>**January 31, 2026** | **Year Ended** <br>**July 31, 2025** | **Period Ended** <br>**January 31, 2026** | **Year Ended** <br>**July 31, 2025**  |
| ABOT | &nbsp;&nbsp; $10138 | $118109 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $—  |
| ABLG | &nbsp;&nbsp; $246271 | $1541886 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $—  |
| ABFL | &nbsp;&nbsp; $1816562 | $4807346 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $—  |
| ABLD | &nbsp;&nbsp; $1068336 | $1719115 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $—  |
| ABLS<sup>(1)</sup> | &nbsp;&nbsp; $5150 | $2872 | &nbsp;&nbsp;&nbsp; $133866 | &nbsp;&nbsp;&nbsp;&nbsp; $133  |
| ABXB | &nbsp;&nbsp; $58596 | $935651 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

<sup>(1)</sup> ABLS commenced operations on February 18, 2025.

8. SECURITIES LENDING

Following terms of a securities lending agreement with USB, each Fund may lend securities from its portfolio to brokers, dealers and financial institutions in order to increase the return on its portfolio, primarily through the receipt of borrowing fees and earnings on invested collateral. Any such loan must be continuously secured by collateral in cash or cash equivalents maintained on a current basis in an amount at least equal to 105% of the value of the loaned securities that are foreign securities or 102% of the value of any U.S. loaned securities. Loans shall be marked to market daily. If the market value of the collateral at the close of trading on a business day is less than the margin percentage of the market value of the loaned securities at the close of trading that day, reasonable efforts will be made to seek an additional amount of collateral the following business day. During the time securities are on loan, the borrower will pay the Funds any accrued income on those securities, and the Funds may invest the cash collateral and earn income or receive an agreed-upon fee from a borrower that has delivered cash-equivalent collateral. In determining whether or not to lend a security to a particular broker, dealer or financial institution, the Adviser considers all relevant facts and circumstances, including the size, creditworthiness and reputation of the broker, relevant facts dealer or financial institution. Securities lending involves the risk of a default or insolvency of the borrower. In either of these cases, a Fund could experience delays in recovering securities or collateral or could lose all or part of the value of the loaned securities. A Fund also could lose money in the event of a decline in the value of the collateral provided for loaned securities. Additionally, the loaned portfolio securities may not be available to the Fund on a timely basis and the Fund may therefore lose the opportunity to sell the securities at a desirable price. Any decline in the value of a security that occurs while the security is out on loan would continue to be borne by the Funds.

Each Fund receives cash as collateral in return for securities lent, if any, as part of the securities lending program. The collateral is invested in the Mount Vernon Liquid Assets Portfolio, LLC of which the investment objective is to seek to maximize current income to the extent consistent with the preservation of capital and liquidity and maintain a stable NAV of $1.00 per unit. As of January 31, 2026, the Funds held the following amounts in the Mount Vernon Liquid Assets Portfolio, LLC:

---

| | |
|:---|:---|
| **Fund** | **Amount Held at**<br>**January 31, 2026**  |
| ABOT | $582315  |
| ABLG | $10097466  |
| ABFL | $17157134  |
| ABLD | $12929527  |
| ABLS | $168490  |
| ABXB | $641330 |

---

The remaining contractual maturity of all securities lending transactions is overnight and continuous. The Funds are not subject to a master netting agreement with respect to securities lending; therefore no additional disclosures are required. The income earned by the Funds on investments of cash collateral received from borrowers for the securities

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**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

loaned to them are reflected in the Funds' Statements of Operations. Securities lending income, as disclosed in the Funds' Statements of Operations, represents the income earned from the investment of cash collateral, net of fee rebates paid to the borrower and net of fees paid to the Custodian as lending agent.

9. CERTAIN RISKS

**Concentration Risk. A fund concentrated in an industry or group of industries is likely to present more risks than a fund that is broadly diversified over several industries or groups of industries. Compared to the broad market, an individual industry or group of related industries may be more strongly affected by changes in the economic climate, broad market shifts, moves in a particular dominant stock or regulatory changes.** 

**Depositary Receipts Risk. The risks of investments in depositary receipts are substantially similar to a direct investment in a foreign security. Returns on investments in foreign securities could be more volatile than, or trail the returns on, investments in U.S. securities. Exposures to foreign securities entail special risks, including due to: differences in information available about foreign issuers; differences in investor protection standards in other jurisdictions; capital controls risks, including the risk of a foreign jurisdiction imposing restrictions on the ability to repatriate or transfer currency or other assets; political, diplomatic and economic risks; regulatory risks; and foreign market and trading risks, including the costs of trading and risks of settlement in foreign jurisdictions. In addition, depositary receipts may not track the price of the underlying foreign securities, and their value may change materially at times when the U.S. markets are not open for trading.** 

**Emerging Markets Risk. Investments in emerging markets are generally subject to greater market volatility, political, social and economic instability, uncertain trading markets and more governmental limitations than investments in more developed markets. Companies in emerging markets may be subject to less stringent regulatory, accounting, auditing, and financial reporting and recordkeeping standards than companies in more developed countries, which could impede the Adviser's ability to evaluate such companies or impact ABLG's performance. Securities laws and the enforcement of systems of taxation in many emerging market countries may change quickly and unpredictably, and the ability to bring and enforce actions may be limited or otherwise impaired. In addition, investments in emerging markets may experience lower trading volume, greater price fluctuations, delayed settlement, unexpected market closures and lack of timely information, and may be subject to additional transaction costs.** 

**Equity Investing Risk. An investment in ABFL, ABLG, ABOT, ABLD or ABLS involves risks similar to those of investing in any fund holding equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices. The values of equity securities could decline generally or could underperform other investments. In addition, securities may decline in value due to factors affecting a specific issuer, market or securities markets generally.** 

**Foreign Investment Risk. Returns on investments in foreign securities could be more volatile than, or trail the returns on, investments in U.S. securities. Exposures to foreign securities entail special risks, including due to: differences in information available about foreign issuers; differences in investor protection standards in other jurisdictions; capital controls risks, including the risk of a foreign jurisdiction imposing restrictions on the ability to repatriate or transfer currency or other assets; political, diplomatic and economic risks; regulatory risks; and foreign market and trading risks, including the costs of trading and risks of settlement in foreign jurisdictions. In addition, the Fund's investments in securities denominated in other currencies could decline due to changes in local currency relative to the value of the U.S. dollar, which may affect the Fund's returns. Non-U.S. issuers also may not be subject to uniform accounting, auditing and financial reporting standards and there may be less reliable and publicly available financial and other information about such issuers, as compared to U.S. issuers.** 

**Geographic Region Risk. To the extent that the Funds invest a significant portion of their assets in a specific geographic region or a particular country, the Funds will generally have more exposure to that region or country's economic risks. In the event of economic or political turmoil or a deterioration of diplomatic relations in a region or country where a significant portion of the Funds' assets are invested, the Funds may experience substantial illiquidity or reduction in the value of the Funds' investments. Adverse conditions in a certain region or country can also adversely affect securities of issuers in other countries whose economies appear to be unrelated.** 

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**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

**High Yield (Junk Bond) Securities Risk. High yield securities and unrated securities of similar credit quality are considered to be speculative with respect to the issuer's continuing ability to make principal and interest payments and are generally subject to greater levels of credit quality risk than investment grade securities. High yield securities are usually issued by companies, including smaller and medium capitalization companies, without long track records of sales and earnings, or with questionable credit strength. These companies may be particularly affected by interest rate increases, as they may find it more difficult to borrow money to continue or expand operations, or may have difficulty in repaying floating rate loans. These fixed-income securities are considered below "investment-grade." The retail secondary market for these "junk bonds" may be less liquid than that of higher-rated fixed income securities, and adverse conditions could make it difficult at times to sell these securities or could result in lower prices than higher-rated fixed income securities. A lack of publicly available information, irregular trading activity and/or wide bid/ask spreads, among other factors, may, in certain circumstances, make high-yield securities more difficult to sell at an advantageous time or price than other types of securities. These factors may result in an Underlying ETF being unable to realize full value for these securities and/or may result in a Fund not receiving the proceeds from a sale of a high-yield security for an extended period after such sale, each of which could result in losses to an Underlying ETF. These risks can reduce the value of the shares of an Underlying ETF and the income it earns.** 

**MLP Risk. An MLP is a publicly traded partnership primarily engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. MLP common units, like other equity securities, can be affected by macroeconomic and other factors affecting the stock market in general, expectations of interest rates, investor sentiment towards an issuer or certain market sector, changes in a particular issuer's financial condition, or unfavorable or unanticipated poor performance of a particular issuer (in the case of MLPs, generally measured in terms of distributable cash flow). Prices of common units of individual MLPs, like the prices of other equity securities, also can be affected by fundamentals unique to the partnership or company, including earnings power and coverage ratios.** 

**MLP Tax Risk. MLPs taxed as partnerships, subject to the application of certain partnership audit rules, generally do not pay U.S. federal income tax at the partnership level. Rather, each partner is allocated a share of the MLP's income, gains, losses, deductions and expenses. A change in current tax law, or a change in the underlying business mix of a given MLP, could result in an MLP being treated as a corporation for U.S. federal income tax purposes, which would result in such MLP being required to pay U.S. federal income tax on its taxable income. The classification of an MLP as a corporation for U.S. federal income tax purposes would have the effect of reducing the amount of cash available for distribution by the MLP. Thus, if any of the MLPs owned by ABLD were treated as corporations for U.S. federal income tax purposes, it could result in a reduction in the value of your investment in ABLD and lower income.** 

**Real Assets Industry Group Risk. The risks of investing in the Real Assets Industry Group include the risks of focusing investments in the real estate, infrastructure, commodities and natural resources related sectors, and adverse developments in these sectors may significantly affect the value of the Shares. Accordingly, ABLD is more susceptible to adverse developments affecting one or more of these sectors than a fund that invests more broadly, and the Fund may perform poorly during a downturn affecting issuers in those sectors. Companies involved in activities related to the Real Assets Industry Group can be adversely affected by, among other things, government regulation or deregulation, global political and economic developments, energy and commodity prices, the overall supply and demand for oil and gas, changes in tax zoning laws, environmental issues, and low inflation.** 

**Real Estate Investment Trust ("REIT") Risk. A REIT is a company that pools investor funds to invest primarily in income producing real estate or real estate related loans or interests. ABLD may be subject to certain risks associated with direct investments in REITs. REITs may be affected by changes in their underlying properties and by defaults by borrowers or tenants. Mortgage REITs may be affected by the quality of the credit extended. Furthermore, REITs are dependent on specialized management skills. Some REITs may have limited diversification and may be subject to risks inherent in financing a limited number of properties. REITs depend generally on their ability to generate cash flow to make distributions to shareholders or unitholders and may be subject to defaults by borrowers and to self-liquidations.** 

**Sector Focus Risk. To the extent that a Fund's investments are focused on a particular sector, the Fund is subject to loss due to adverse occurrences that may affect that industry or group of industries or sector. Focusing on a particular sector could increase a Fund's volatility over the short term.** 

40<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**ABACUS FCF ETF TRUST** 

**NOTES TO FINANCIAL STATEMENTS** 

**January 31, 2026 (Unaudited)(Continued)** 

**Small Capitalization Company Risk. Investing in securities of small capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile and less liquid than those of more established companies. Often, small capitalization companies and the industries in which they focus are still evolving and, as a result, they may be more sensitive to changing market conditions. Small capitalization companies may be particularly affected by interest rate increases, as they may find it more difficult to borrow money to continue or expand operations or may have difficulty in repaying any loans which are floating rate.** 

**Underlying ETFs Risk. In seeking to track its Underlying Index, ABXB invests a portion of its assets in Underlying ETFs. In those situations, the Fund's investment performance is directly related to the performance of the Underlying ETFs. The Fund's net asset value (or "NAV") will change with changes in the value of the Underlying ETFs based on their market valuations. An investment in the Fund will entail more costs and expenses than a direct investment in the Underlying ETFs. As the Underlying ETFs, or the Fund's allocations among the Underlying ETFs, change from time to time, or to the extent that the total annual fund operating expenses of any Underlying ETF changes, the weighted average operating expenses borne by the Fund may increase or decrease.** 

**U.S. Government Securities Risk. This is the risk that the U.S. government will not provide financial support to its agencies, instrumentalities or sponsored enterprises if it is not obligated to do so by law. Certain U.S. government securities purchased by the Fund are neither issued nor guaranteed by the U.S. Treasury and, therefore, may not be backed by the full faith and credit of the United States. The maximum potential liability of the issuers of some U.S. government securities may greatly exceed their current resources, including any legal right to support from the U.S. Treasury. It is possible that the issuers of such securities will not have the funds to meet their payment obligations in the future.** 

41<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Abacus FCF ETF Trust** 

**Additional Information (Unaudited)** 

**The below information is required disclosure from Form N-CSR** 

**Item 8. Changes in and Disagreements with Accountants for Open-End Investment Companies.** 

There were no changes in or disagreements with accountants during the period covered by this report.

**Item 9. Proxy Disclosure for Open-End Investment Companies.** 

There were no matters submitted to a vote of shareholders during the period covered by this report.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Investment Companies.** 

The Adviser has agreed to pay all operating expenses of the Funds pursuant to the terms of the Investment Advisory Agreement, subject to certain exclusions provided therein. As a result, the Adviser is responsible for compensating the Independent Trustees. Further information related to Trustee and Officer compensation for the Trust can be obtained from the Funds' most recent Statement of Additional Information.

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.** 

Not applicable as the investment advisory contract was not approved during the period covered by this report.

42<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Financial Highlights are included within the financial statements filed under Item 7 of this Form.

**<u>Item 8. Changes in and Disagreements with Accountants for Open-End Investment Companies.</u>**

There were no changes in or disagreements with accountants during the period covered by this report.

**<u>Item 9. Proxy Disclosure for Open-End Investment Companies.</u>**

There were no matters submitted to a vote of shareholders during the period covered by this report.

**<u>Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Investment Companies.</u>**

All fund expenses, including Trustee compensation, are paid by the Investment Adviser pursuant to the Investment Advisory Agreement. Additional information related to those fees is available in the Funds' Statement of Additional Information.

**<u>Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.</u>**

Not applicable as the investment advisory contract was not approved during the period covered by this report.

**<u>Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</u>**

Not applicable to open-end investment companies.

**<u>Item 13. Portfolio Managers of Closed-End Management Investment Companies.</u>**

 

Not applicable to open-end investment companies.

**<u>Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.</u>**

Not applicable to open-end investment companies.

**<u>Item 15. Submission of Matters to a Vote of Security Holders.</u>**

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of trustees.

**<u>Item 16. Controls and Procedures.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's Principal Executive Officer and Principal Financial Officer have reviewed the Registrant's disclosure controls
 and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "Act")) as of a date within 90 days
 of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange
 Act of 1934. Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring
 that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known
 to them by others within the Registrant and by the Registrant's service provider.

&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act)
 that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the
 Registrant's internal control over financial reporting.

**<u>Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u>**

Not applicable to open-end investment companies.

**<u>Item 18. Recovery of Erroneously Awarded Compensation.</u>**

(a) Not applicable.

(b) Not applicable.

**<u>Item 19. Exhibits.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* (1) *Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit.* Not applicable.

(2*) Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the registrant's securities are listed.*

Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[(3) *A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)).* Filed herewith.](afetf-efp22897_ex99cert.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) *Any written solicitation to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons.* Not applicable to open-end investment companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Change in the registrant's independent public accountant. Provide the information called for by Item 4 of Form 8-K under the Exchange
 Act (17 CFR 249.308). Unless otherwise specified by Item 4, or related to and necessary for a complete understanding of information not
 previously disclosed, the information should relate to events occurring during the reporting period. Not applicable to open-end investment
 companies.

 

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* [*Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* Furnished herewith.](afetf-efp22897_ex99906cert.htm)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Abacus
 FCF ETF Trust

---

| | |
|:---|:---|
| By (Signature and Title)\* | /s/ Jay Jackson |
|  | Jay Jackson, President (Principal Executive Officer) |

---

<br> Date <u>4/6/2026</u>

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By (Signature and Title)\* | /s/ Jay Jackson |
|  | Jay Jackson, President (Principal Executive Officer) |

---

<br> Date <u>4/6/2026</u>

---

| | |
|:---|:---|
| By (Signature and Title)\* | /s/ Vince Qijun Chen |
|  | Vince (Qijun) Chen, Treasurer (Principal Financial Officer) |

---

<br> Date <u>4/2/2026</u>

*\* Print the name and title of each signing officer under his or her signature.*

## Ex-99.Cert

**EX.99.CERT** 

**<u>CERTIFICATIONS</u>**

I, Jay Jackson, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of Abacus FCF ETF Trust;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required
to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined
in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report
based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control
over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee
of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 4/6/2026 | /s/ Jay Jackson |
|  |  | Jay Jackson<br> President (Principal Executive Officer)  |

---

**<u>CERTIFICATIONS</u>**

I, Vince (Qijun) Chen, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of Abacus FCF ETF Trust;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required
to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined
in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report
based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control
over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee
of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 4/2/2026 | /s/ Vince Qijun Chen |
|  |  | Vince (Qijun) Chen<br> Treasurer (Principal Financial Officer)  |

---

## Exhibit 99.906

**EX.99.906CERT**

**<u>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</u>**

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of the Abacus FCF ETF Trust, does hereby certify, to such officer's knowledge, that the report on Form N-CSR of the Abacus FCF ETF Trust for the period ended January 31, 2026 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable, and that the information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Abacus FCF ETF Trust for the stated period.

---

| | | | |
|:---|:---|:---|:---|
| /s/ Jay Jackson | /s/ Jay Jackson | /s/ Vince Qijun Chen | /s/ Vince Qijun Chen |
| Jay Jackson<br> President (Principal Executive Officer)<br> Abacus FCF ETF Trust | Jay Jackson<br> President (Principal Executive Officer)<br> Abacus FCF ETF Trust | Vince (Qijun) Chen<br> Treasurer (Principal Financial Officer)<br> Abacus FCF EFT Trust | Vince (Qijun) Chen<br> Treasurer (Principal Financial Officer)<br> Abacus FCF EFT Trust |
| Dated: | 4/6/2026 | Dated: | 4/2/2026 |

---

This statement accompanies this report on Form N-CSR pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed as filed by Abacus FCF ETF Trust for purposes of Section 18 of the Securities Exchange Act of 1934.