# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001752724-25-179494
**Filing Date:** 2025-7
**Character Count:** 61370
**Document Hash:** 85c7f8544943392548e720b334545b05
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-179494.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-179494

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB Active ETFs, Inc.
- **CENTRAL INDEX KEY:** 0001496608

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23799
- **FILM NUMBER:** 251151299

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AB Active ETFs, Inc.

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

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

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

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

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

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

- **a. Name of Series:** AB Tax-Aware Long Municipal ETF

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

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

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

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

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $30686512.40

**Total Liabilities:** $385284.74

**Net Assets:** $30301227.66

**Delayed Delivery Securities:** $377816.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -27.02000000 | **1-Year:** -694.53000000 | **5-Year:** -4439.16000000 | **10-Year:** -14259.44000000 | **30-Year:** -5602.07000000

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

- **3-Month:** -3.42000000 | **1-Year:** -101.19000000 | **5-Year:** -486.31000000 | **10-Year:** -1467.90000000 | **30-Year:** -694.67000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245886 | -2.07%               | -0.76%               | -0.92%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4744.76                 | $-738392.23                                |
| Month 2  | $-12623.21               | $-289563.50                                |
| Month 3  | $-124437.68              | $-226600.58                                |

**Designated Index Information**

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

- **Index Identifier:** LM20TR:IND

### Schedule of Portfolio Investments

| Name                                                         | Title                                                                                                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Los Angeles Department of Water & Power                      | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532PV0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505658.70    | 1.67%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                     | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99394.77     | 0.33%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                              | CMFA SPL FIN AGY VII CA ESSENTIAL HSG REVENUE                                                                                      | CUSIP: 12574UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $65040.18     | 0.21%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority             | MARICOPA CNTY AZ INDL DEV AUTH EDUCTNL FACS REVENUE                                                                                | CUSIP: 56678RAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $143961.90    | 0.48%             | 2058-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                         | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065005.10   | 3.51%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS30EP8   IRS USD R F  2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8   IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1270000 | OU      | $-5454.76     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS2ZA89   IRS USD R V 00MSOFR IS2ZA90 CCPOIS / Short: BS2ZA89   IRS USD P F  3.18250 IS2ZA89 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    210000 | OU      | $12800.01     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS2Y9Y5   IRS USD R V 00MSOFR IS2Y9Z6 CCPOIS / Short: BS2Y9Y5   IRS USD P F  3.30384 IS2Y9Y5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    600000 | OU      | $31605.27     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND                                                                               | CUSIP: 88285ADU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014559.10   | 3.35%             | 2058-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS31F03   IRS USD R V 12MUSCPI IS31F14 CCPINFLATIONZERO / Short: BS31F03   IRS USD P F  2.48500 IS31F03 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1100000 | OU      | $6786.27      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Venice FL                                            | VENICE FL                                                                                                                          | CUSIP: 922687AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94381.68     | 0.31%             | 2060-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                   | STAMFORD CT HSG AUTH                                                                                                               | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98267.71     | 0.32%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank              | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155338.86    | 0.51%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                    | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102806.79    | 0.34%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority               | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                                                                                            | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $86524.41     | 0.29%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS2YDU9   IRS USD R V 00MSOFR IS2YDV0 CCPOIS / Short: BS2YDU9   IRS USD P F  3.44950 IS2YDU9 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    240000 | OU      | $9647.39      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS30759   IRS USD R V 12MUSCPI IS30760 CCP INFLATION ZERO / Short: BS30759   IRS USD P F  2.45000 BS30759 CCP INFLATION ZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    866000 | OU      | $6719.35      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                           | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                   | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |    103001 | NS      | $103001.11    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| State of Ohio                                                | OHIO ST HOSP REVENUE                                                                                                               | CUSIP: 67756CCV8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $942897.56    | 3.11%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208274.58    | 0.69%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS2Y860   IRS USD R V 00MSOFR IS2Y871 CCPOIS / Short: BS2Y860   IRS USD P F  3.54300 IS2Y860 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    400000 | OU      | $12670.74     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                            | LIBERTY DEV CORP NY REVENUE                                                                                                        | CUSIP: 531127CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $564463.65    | 1.86%             | 2037-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS32MF0   IRS USD R V 00MSOFR IS32MG1 CCPOIS / Short: BS32MF0   IRS USD P F  3.73750 IS32MF0 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    920000 | OU      | $11042.99     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                            | PENNSYLVANIA ST UNIV                                                                                                               | CUSIP: 7092352L8<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034173.60   | 3.41%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Vail CO                                              | VAIL CO COPS                                                                                                                       | CUSIP: 91878DAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $781859.55    | 2.58%             | 2064-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE                                                                              | CUSIP: 575579Q83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521299.35    | 1.72%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                              | Long: BS34A07   CDS USD R V 03MEVENT IS34A18 CCPCDX / Short: BS34A07   CDS USD P F  5.00000 IS34A07 CCPCDX                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     90000 | OU      | $-6474.78     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    350000 | PA      | $359856.00    | 1.19%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PH32<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97685.47     | 0.32%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS2Z186   IRS USD R V 00MSOFR IS2Z197 CCPOIS / Short: BS2Z186   IRS USD P F  3.23100 IS2Z186 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    300000 | OU      | $17213.12     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority              | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE                                                                                    | CUSIP: 30382VAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923597.80    | 3.05%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS34NL9   IRS USD R F  4.18900 IS34NL9 CCPOIS / Short: SS34NL9   IRS USD P V 00MSOFR IS34NM0 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    200000 | OU      | $2060.24      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank              | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528U7L9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108860.00    | 0.36%             | 2067-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                     | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250DM3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    310000 | PA      | $300529.25    | 0.99%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                            | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                       | CUSIP: 649519EY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $383252.90    | 1.26%             | 2043-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS325V7   IRS USD R V 00MSOFR IS325W8 CCPOIS / Short: BS325V7   IRS USD P F  3.94150 IS325V7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    400000 | OU      | $8031.61      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp                      | SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                                                                                         | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102209.42    | 0.34%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS31O62   IRS USD R F  4.28300 IS31O62 CCPOIS / Short: SS31O62   IRS USD P V 00MSOFR IS31O73 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    240000 | OU      | $5402.17      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                              | ONONDAGA NY CIVIC DEV CORP                                                                                                         | CUSIP: 682832LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106049.72    | 0.35%             | 2056-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sherman Independent School District/TX                       | SHERMAN TX INDEP SCH DIST                                                                                                          | CUSIP: 824178D61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021158.30   | 3.37%             | 2053-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                   | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505ZA7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153801.29    | 0.51%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                  | OKLAHOMA ST TURNPIKE AUTH                                                                                                          | CUSIP: 679111F74<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264982.18    | 0.87%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                   | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467DB5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103299.40    | 0.34%             | 2044-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS34BI2   IRS USD R V 00MSOFR IS34BJ3 CCPOIS / Short: BS34BI2   IRS USD P F  3.96150 IS34BI2 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    300000 | OU      | $4548.47      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                      | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 626207Z72<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969744.70    | 3.20%             | 2063-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                         | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                                                                             | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102442.89    | 0.34%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS31F25   IRS USD R F  4.09150 IS31F25 CCPOIS / Short: SS31F25   IRS USD P V 00MSOFR IS31F36 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    200000 | OU      | $4058.75      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS30FB1   IRS USD R F  2.53125 IS30FB1 CCPINFLATIONZERO / Short: SS30FB1   IRS USD P V 12MUSCPI IS30FC2 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1330000 | OU      | $-3172.91     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Territory of Guam                                            | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261485.70    | 0.86%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                               | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157174.34    | 0.52%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                        | CAPITAL PROJS FIN AUTH FL EDUCTNL FACS REVENUE                                                                                     | CUSIP: 14043FAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100654.94    | 0.33%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS309H5   IRS USD R V 12MUSCPI IS309I6 CCPINFLATIONZERO / Short: BS309H5   IRS USD P F  2.51600 IS309H5 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    867000 | OU      | $4081.22      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue          | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                                                                                         | CUSIP: 4387012C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $64386.43     | 0.21%             | 2045-07-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                   | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505ZG4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    300000 | PA      | $313120.89    | 1.03%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                   | MAINE ST FIN AUTH SOL WST DISP REVENUE                                                                                             | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $194731.34    | 0.64%             | 2047-12-01      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                            | ILLINOIS ST                                                                                                                        | CUSIP: 452153FL8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256123.20    | 0.85%             | 2047-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                    | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                               | CUSIP: 45471CCR7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101332.25    | 0.33%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                             | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210251.26    | 0.69%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                     | NATIONAL FIN AUTH LEASE REVENUE                                                                                                    | CUSIP: 63610FBM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927288.10    | 3.06%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority           | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE                                                                             | CUSIP: 83703EMR3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000258.10   | 3.30%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                          | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 7352402R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $430753.60    | 1.42%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS2VUR6   IRS USD R F  4.05650 IS2VUR6 CCPOIS / Short: SS2VUR6   IRS USD P V 00MSOFR IS2VUS7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1700000 | OU      | $-15485.91    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Shelby County Health & Educational Facilities Board          | SHELBY CNTY TENN HEALTH EDL & HSG FAC BRD STUDENT HSG REVENU                                                                       | CUSIP: 82170LAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94703.81     | 0.31%             | 2056-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority             | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE                                                                                         | CUSIP: 734195ED8<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98301.41     | 0.32%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                         | DIST OF COLUMBIA TAX INCR REVENUE                                                                                                  | CUSIP: 254840EC1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98239.04     | 0.32%             | 2034-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                     | NATIONAL FIN AUTH NH REVENUE                                                                                                       | CUSIP: 63607YCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102903.34    | 0.34%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma/The                                   | UNIV OK REVENUES                                                                                                                   | CUSIP: 91476PZR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206863.32    | 0.68%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority             | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                                                                                        | CUSIP: 56678PAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $455679.05    | 1.50%             | 2042-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                | HENRICO CNTY VA ECON DEV AUTH HLTH FACS REVENUE                                                                                    | CUSIP: 42605XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100545.01    | 0.33%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                             | FLORIDA ST DEV FIN CORP                                                                                                            | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98260.00     | 0.32%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                  | PUERTO RICO CMWLTH                                                                                                                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    165714 | PA      | $99428.57     | 0.33%             | 2043-11-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                         | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                       | CUSIP: 11023PAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $69648.21     | 0.23%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                   | MARYLAND ST STADIUM AUTH REVENUE                                                                                                   | CUSIP: 574296CR8<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156093.68    | 0.52%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue             | LOS ANGELES CA WSTWTR SYS REVENUE                                                                                                  | CUSIP: 53945CMD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204981.34    | 0.68%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                          | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                     | CUSIP: 13013FAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $80457.29     | 0.27%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                      | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                                                                                        | CUSIP: 25477GYN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102271.19    | 0.34%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                             | FLORIDA ST DEV FIN CORP                                                                                                            | CUSIP: 34062AAE1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $92956.98     | 0.31%             | 2059-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                     | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                                                                                             | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150848.48    | 0.50%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                           | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE                                                                                    | CUSIP: 57422JBY3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    570000 | PA      | $565822.53    | 1.87%             | 2047-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                     | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                        | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $55245.54     | 0.18%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                    | TULSA OK MUNI ARPT TRUST TRUSTEES                                                                                                  | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107406.83    | 0.35%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                         | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                                  | CUSIP: 73360CAR5<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    100000 | PA      | $92997.79     | 0.31%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                 | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JTT5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508984.55    | 1.68%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 64613CGG7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013222.40   | 3.34%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 5444453D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104244.97    | 0.34%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority             | JAMES CITY CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE                                                                             | CUSIP: 47029WEG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105810.21    | 0.35%             | 2058-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    825000 | PA      | $842651.70    | 2.78%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                        | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261APJ0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    575000 | PA      | $411083.26    | 1.36%             | 2033-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PF59<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204799.90    | 0.68%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS31GE4   IRS USD R F  4.16550 IS31GE4 CCPOIS / Short: SS31GE4   IRS USD P V 00MSOFR IS31GF5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1220000 | OU      | $7382.62      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS34LM6   IRS USD R F  4.15600 IS34LM6 CCPOIS / Short: SS34LM6   IRS USD P V 00MSOFR IS34LN7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    200000 | OU      | $1156.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                         | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                   | CUSIP: 31222PAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201612.86    | 0.67%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS31GW2   IRS USD R V 00MSOFR IS31GX3 CCPOIS / Short: BS31GW2   IRS USD P F  3.92400 IS31GW2 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    335000 | OU      | $7975.85      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority           | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                             | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515445.85    | 1.70%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                        | VALPARAISO IN EXEMPT FACS REVENUE                                                                                                  | CUSIP: 92028RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94675.67     | 0.31%             | 2044-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                 | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE                                                                                   | CUSIP: 39160CBD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051762.30   | 3.47%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                  | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $23461.53     | 0.08%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                    | INDIANA FIN AUTH EDUCTNL FACS REVENUE                                                                                              | CUSIP: 45470ECC7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $92411.04     | 0.30%             | 2057-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS31E40   IRS USD R F  4.03600 IS31E40 CCPOIS / Short: SS31E40   IRS USD P V 00MSOFR IS31E51 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1200000 | OU      | $20839.10     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority         | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                                                                                           | CUSIP: 19645URG1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99704.34     | 0.33%             | 2054-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                     | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250CX0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    350000 | PA      | $245342.44    | 0.81%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District            | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE                                                                       | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154693.94    | 0.51%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                  | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DBV3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001929.00   | 3.31%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS308B2   IRS USD R V 12MUSCPI IS308C3 CCPINFLATION ZERO / Short: BS308B2   IRS USD P F  2.49900 BS308B2 CCP INFLATION ZERO  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    867000 | OU      | $4776.55      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                     | ARIZONA ST INDL DEV AUTH EDU REVENUE                                                                                               | CUSIP: 04052BLR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $110080.51    | 0.36%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                        | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261A2J5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    510000 | PA      | $522574.36    | 1.72%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority        | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV                                                                        | CUSIP: 70868YAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $312790.08    | 1.03%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                     | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                       | CUSIP: 04052FEM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198603.74    | 0.66%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS31T56   IRS USD R V 12MUSCPI IS31T67 CCPINFLATIONZERO / Short: BS31T56   IRS USD P F  2.56880 IS31T56 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1200000 | OU      | $2655.64      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                               | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    120000 | PA      | $116241.25    | 0.38%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS30ZH7   IRS USD R V 00MSOFR IS30ZI8 CCPOIS / Short: BS30ZH7   IRS USD P F  3.58400 IS30ZH7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    270000 | OU      | $22821.24     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: BS346Q5   IRS USD R V 00MSOFR IS346R6 CCPOIS / Short: BS346Q5   IRS USD P F  3.80550 IS346Q5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    200000 | OU      | $8484.00      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                         | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                   | CUSIP: 31222PAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201126.18    | 0.66%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank              | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528U7K1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508736.15    | 1.68%             | 2067-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority          | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152115.12    | 0.50%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                    | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE                                                                                    | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033933.20   | 3.41%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                            | NORTH CAROLINA ST TURNPIKE AUTH                                                                                                    | CUSIP: 65830RDD8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    250000 | PA      | $62425.18     | 0.21%             | 2052-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                     | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                        | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $351765.04    | 1.16%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                         | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                       | CUSIP: 11023PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $259396.20    | 0.86%             | 2042-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                     | Long: SS31RJ6   IRS USD R F  4.24000 IS31RJ6 CCPOIS / Short: SS31RJ6   IRS USD P V 00MSOFR IS31RK7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    600000 | OU      | $9932.09      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-25

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

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller