# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001410368-26-040410
**Filing Date:** 2026-4
**Character Count:** 98261
**Document Hash:** a506a4890341a00ca0a58d3744670b70
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-040410.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001410368-26-040410

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20261130

**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:** 26895252

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

**AB Active ETFs, Inc.** 

**AB Tax-Aware Long Municipal ETF** 

**Portfolio of Investments** 

**February 28, 2026 (unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 95.5%** |  |  |  |  |
|  **Long-Term Municipal Bonds – 95.5%** |  |  |  |  |
|  **Alabama – 0.7%** |  |  |  |  |
|  County of Jefferson AL Sewer Revenue<br> (County of Jefferson AL Sewer Revenue)<br>Series 2024<br>5.50%, 10/01/2053 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344475 |
|  **Arizona – 1.0%** | **Arizona – 1.0%** | **Arizona – 1.0%** | **Arizona – 1.0%** | **Arizona – 1.0%** |
|  Arizona Industrial Development Authority<br> (Equitable School Revolving Fund Obligated Group)<br>Series 2023<br>5.25%, 11/01/2053 |  | 200 |  | 206612 |
|  Arizona Industrial Development Authority<br> (Pinecrest Academy of Nevada)<br>Series 2020-A<br>4.00%, 07/15/2040<sup>(a)</sup> |  | 125 |  | 120856 |
|  Maricopa County Industrial Development Authority<br> (Valley Christian Schools)<br>Series 2023<br>6.375%, 07/01/2058<sup>(a)</sup> |  | 150 |  | 148991 |
|  |  |  |  | 476459 |
|  **California – 7.8%** |  |  |  |  |
|  California Community Choice Financing Authority<br> (American General Life Insurance)<br>Series 2024C<br>5.00%, 08/01/2055 |  | 400 |  | 432744 |
|  California Community Choice Financing Authority<br> (Athene Annuity & Life Co.)<br>Series 2024G<br>5.00%, 11/01/2055 |  | 350 |  | 368901 |
|  California Community Choice Financing Authority<br> (Morgan Stanley)<br>Series 2026-A<br>5.00%, 04/01/2056 |  | 100 |  | 110962 |
|  California Community Housing Agency<br> (California Community Housing Agency Brio Apartments & Next on Lex Apartments)<br>Series 2021<br>4.00%, 02/01/2056<sup>(a)</sup> |  | 100 |  | 85800 |
|  California Infrastructure & Economic Development Bank<br> (Desertxpress Enterprises)<br>Series 2025<br>12.00%, 01/01/2065<sup>(a)</sup> |  | 100 |  | 54000 |
|  City of Los Angeles CA Wastewater System Revenue<br> (City of Los Angeles CA Wastewater System Revenue)<br>Series 2025-A<br>5.00%, 06/01/2055 |  | 200 |  | 213037 |
|  City of Los Angeles Department of Airports<br> (City of Los Angeles Dept. of Airports)<br>Series 2025<br>5.50%, 05/15/2055 |  | 100 |  | 107456 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount**<br> **(000)** | **U.S. $ Value** |
|  CMFA Special Finance Agency VII<br> (CMFA Special Finance Agency VII The Breakwater Apartments)<br>Series 2021<br>3.00%, 08/01/2056<sup>(a)</sup> | $100 | $70470 |
|  Golden State Tobacco Securitization Corp.<br> (Golden State Tobacco Securitization)<br>Series 2021-B<br>Zero Coupon, 06/01/2066 | 1000 | 106615 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 06/01/2051 | 360 | 357974 |
|  Los Angeles Department of Water & Power<br> (Los Angeles Dept. of Water & Power Power System Revenue)<br>BAM Series 2025-A<br>5.00%, 07/01/2053 | 500 | 524599 |
|  San Francisco Intl Airport<br> (San Francisco Intl Airport)<br>Series 2021-A<br>5.00%, 05/01/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | 1104666 |
|  University of California<br> (University of California)<br>Series 2025-C<br>5.25%, 05/15/2040 | 250 | 318093 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3855317 |
|  **Colorado – 4.1%** |  |  |
|  City & County of Denver CO Airport System Revenue<br> (City & County of Denver CO Airport System Revenue)<br>Series 2022-A<br>5.00%, 11/15/2036 | 1000 | 1113289 |
|  Colorado Educational & Cultural Facilities Authority<br> (Ascent Classical Academy Charter Schools)<br>Series 2024<br>5.80%, 04/01/2054<sup>(a)</sup> | 100 | 100343 |
|  Town of Vail CO<br> (Town of Vail CO COP)<br>Series 2025<br>5.50%, 12/01/2064 | 750 | 805833 |
|  |  | 2019465 |
|  **Connecticut – 0.2%** |  |  |
|  Stamford Housing Authority<br> (TJH Senior Living Obligated Group)<br>Series 2025<br>6.50%, 10/01/2055 | 100 | 102843 |
|  **District of Columbia – 4.5%** |  |  |
|  District of Columbia<br> (District of Columbia Union Market TIF Area)<br>Series 2024-A<br>5.125%, 06/01/2034<sup>(a)</sup> | 100 | 105268 |
|  Metropolitan Washington Airports Authority Aviation Revenue<br> (Metropolitan Washington Airports Authority Aviation Revenue)<br>Series 2025-A<br>5.50%, 10/01/2055 | 1000 | 1069816 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount**<br> **(000)** | **U.S. $ Value** |
|  Washington Metropolitan Area Transit Authority<br> (Washington Metropolitan Area Transit Authority State Lease)<br>Series 2023<br>5.00%, 07/15/2048 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041221 |
|  |  | 2216305 |
|  **Florida – 3.1%** |  |  |
|  Capital Projects Finance Authority/FL<br> (Navigator Academy of Leadership Obligated Group)<br>Series 2024<br>5.00%, 06/15/2034<sup>(a)</sup> | 100 | 102525 |
|  City of Venice FL<br> (Southwest Florida Retirement Center Obligated Group)<br>Series 2024<br>5.625%, 01/01/2060<sup>(a)</sup> | 100 | 100412 |
|  County of Miami-Dade FL Aviation Revenue<br> (County of Miami-Dade FL Aviation Revenue)<br>Series 2024-A<br>5.00%, 10/01/2035 | 1000 | 1146526 |
|  Florida Development Finance Corp.<br> (Brightline Trains Florida)<br>AG Series 2024<br>5.25%, 07/01/2053 | 100 | 99504 |
|  Florida Development Finance Corp.<br> (SFP - Tampa I LLC)<br>Series 2024<br>5.25%, 06/01/2059<sup>(a)</sup> | 100 | 96457 |
|  |  | 1545424 |
|  **Georgia – 2.4%** |  |  |
|  Fayette County Development Authority<br> (United States Soccer Federation)<br>Series 2024<br>5.25%, 10/01/2054 | 200 | 205141 |
|  Municipal Electric Authority of Georgia<br> (Municipal Electric Authority of Georgia)<br>Series 2019<br>5.00%, 01/01/2063 | 1000 | 1001352 |
|  |  | 1206493 |
|  **Guam – 0.5%** |  |  |
|  Territory of Guam<br> (Territory of Guam Business Privilege Tax)<br>Series 2021-F<br>5.00%, 01/01/2030 | 250 | 269496 |
|  **Hawaii – 0.1%** |  |  |
|  City & County Honolulu HI Wastewater System Revenue<br> (City & County Honolulu HI Wastewater System Revenue)<br>Series 2020-A<br>2.624%, 07/01/2045 | 100 | 72032 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount**<br> **(000)** | **U.S. $ Value** |
|  **Illinois – 6.3%** |  |  |
|  Chicago Board of Education<br> (Chicago Board of Education)<br>Series 2023-A<br>5.00%, 12/01/2034 | $150 | $157432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/01/2049 | 300 | 310758 |
|  Chicago O'Hare International Airport<br> (Chicago O'Hare Intl Airport)<br>Series 2025-E<br>5.50%, 01/01/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1054208 |
|  Chicago Transit Authority Sales Tax Receipts Fund<br> (Chicago Transit Authority Sales Tax Receipts Fund)<br>Series 2026-A<br>5.50%, 12/01/2056 | 500 | 536714 |
|  City of Chicago IL<br> (City of Chicago IL)<br>Series 2019-A<br>5.50%, 01/01/2049 | 90 | 90430 |
|  Metropolitan Pier & Exposition Authority<br> (Metropolitan Pier & Exposition Authority)<br>Series 2017<br>0.00%, 12/15/2042<sup>(b)</sup> | 350 | 279644 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.00%, 06/15/2050 | 310 | 310963 |
|  State of Illinois<br> (State of Illinois)<br>Series 2023-B<br>5.50%, 05/01/2047 | 350 | 369054 |
|  |  | 3109203 |
|  **Indiana – 2.2%** |  |  |
|  City of Valparaiso IN<br> (Pratt Paper IN LLC)<br>Series 2024<br>4.875%, 01/01/2044<sup>(a)</sup> | 100 | 102749 |
|  Indiana Finance Authority<br> (Parkview Health System Obligated Group)<br>Series 2024-A<br>5.00%, 11/01/2054 | 100 | 101802 |
|  Indiana Finance Authority<br> (University of Evansville)<br>Series 2022<br>5.25%, 09/01/2057 | 100 | 96064 |
|  Indianapolis Local Public Improvement Bond Bank<br> (Pan Am Plaza Hotel)<br>Series 2023<br>6.00%, 03/01/2053 | 150 | 157095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-F<br>7.75%, 03/01/2067 | 100 | 110577 |
| &nbsp;&nbsp;&nbsp;&nbsp; BAM Series 2023<br>5.25%, 03/01/2067 | 500 | 522457 |
|  |  | 1090744 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount**<br> **(000)** | **U.S. $ Value** |
|  **Kentucky – 1.6%** | **Kentucky – 1.6%** | **Kentucky – 1.6%** |
|  Kentucky Public Energy Authority<br> (BP PLC)<br>Series 2024-B<br>5.00%, 01/01/2055 | $740 | $806646 |
|  **Maine – 0.4%** |  |  |
|  Finance Authority of Maine<br> (Casella Waste Systems)<br>Series 2024<br>4.625%, 12/01/2047<sup>(a)</sup> | 200 | 209015 |
|  **Maryland – 3.6%** |  |  |
|  Maryland Economic Development Corp.<br> (Purple Line Transit Partners)<br>Series 2022<br>5.25%, 06/30/2047 | 570 | 578281 |
|  Maryland Economic Development Corp.<br> (State of Maryland)<br>Series 2025<br>5.00%, 06/01/2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1062828 |
|  Maryland Stadium Authority<br> (Baltimore City Public School Construction Financing Fund)<br>Series 2020<br>5.00%, 05/01/2050 | 150 | 163473 |
|  |  | 1804582 |
|  **Massachusetts – 6.6%** |  |  |
|  Commonwealth of Massachusetts<br> (Commonwealth of Massachusetts)<br>Series 2021-B<br>2.00%, 04/01/2050 | 180 | 109355 |
|  Massachusetts Bay Transportation Authority Sales Tax Revenue<br> (Massachusetts Bay Transportation Authority Sales Tax Revenue)<br>Series 2023-A<br>5.25%, 07/01/2048 | 835 | 897998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.25%, 07/01/2055 | 100 | 107387 |
|  Massachusetts Port Authority<br> (Massachusetts Port Authority)<br>Series 2019-A<br>5.00%, 07/01/2035 | 1000 | 1063324 |
|  Massachusetts School Building Authority<br> (Massachusetts School Building Authority Sales Tax)<br>Series 2025<br>5.25%, 02/15/2050 | 1000 | 1077764 |
|  |  | 3255828 |
|  **New Hampshire – 0.5%** |  |  |
|  New Hampshire Business Finance Authority<br> (NFA 2025-1)<br>Series 2025<br>5.75%, 04/28/2042 | 150 | 159742 |
|  New Hampshire Business Finance Authority<br> (Novant Health Obligated Group)<br>Series 2025<br>5.50%, 06/01/2055 | 100 | 104512 |
|  |  | 264254 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount**<br> **(000)** | **U.S. $ Value** |
|  **New Jersey – 1.8%** |  |  |
|  New Jersey Transportation Trust Fund Authority<br> (State of New Jersey Lease)<br>Series 2023-B<br>5.25%, 06/15/2050 | $825 | $874949 |
|  **New York – 12.4%** |  |  |
|  Metropolitan Transportation Authority<br> (Metropolitan Transportation Authority)<br>Series 2017<br>Zero Coupon, 11/15/2033 | 575 | 458056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.25%, 11/15/2049 | 510 | 537718 |
|  Metropolitan Transportation Authority Dedicated Tax Fund<br> (Metropolitan Transportation Authority Dedicated Tax Fund)<br>Series 2024<br>5.00%, 11/15/2052 | 1000 | 1042871 |
|  New York City Transitional Finance Authority Future Tax Secured Revenue<br> (New York City Transitional Finance Authority Future Tax Secured Revenue)<br>Series 2025<br>5.00%, 05/01/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1048894 |
|  New York Liberty Development Corp.<br> (7 World Trade Center II)<br>Series 2022<br>3.00%, 09/15/2043 | 500 | 436704 |
|  New York State Dormitory Authority<br> (State of New York Pers Income Tax)<br>Series 2025-C<br>5.00%, 03/15/2055 | 1210 | 1261366 |
|  New York State Thruway Authority<br> (State of New York Pers Income Tax)<br>Series 2022-A<br>5.00%, 03/15/2026 | 110 | 110116 |
|  Onondaga Civic Development Corp.<br> (Syracuse University)<br>Series 2025<br>5.50%, 12/01/2056 | 100 | 109912 |
|  Suffolk Regional Off-Track Betting Corp.<br> (Suffolk Regional Off-Track Betting)<br>Series 2024<br>6.00%, 12/01/2053 | 100 | 102307 |
|  Triborough Bridge & Tunnel Authority Sales Tax Revenue<br> (Triborough Bridge & Tunnel Authority Sales Tax Revenue)<br>Series 2024-A<br>5.25%, 05/15/2064 | 1000 | 1050134 |
|  |  | 6158078 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **North Carolina – 1.5%** | **North Carolina – 1.5%** | **North Carolina – 1.5%** |
|  Nash Health Care Systems<br> (Nash Health Care Systems)<br>Series 2025<br>5.75%, 02/01/2050 | $600 | $649434 |
|  North Carolina Turnpike Authority<br> (North Carolina Turnpike Authority)<br>AG Series 2024<br>Zero Coupon, 01/01/2052 | 250 | 71587 |
|  |  | 721021 |
|  **Ohio – 2.2%** | **Ohio – 2.2%** | **Ohio – 2.2%** |
|  Buckeye Tobacco Settlement Financing Authority<br> (Buckeye Tobacco Settlement Financing Authority)<br>Series 2020-B<br>5.00%, 06/01/2055 | 100 | 82572 |
|  State of Ohio<br> (University Hospitals Health System Obligated Group)<br>Series 2016<br>4.00%, 01/15/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1018473 |
|  |  | 1101045 |
|  **Oklahoma – 0.2%** | **Oklahoma – 0.2%** | **Oklahoma – 0.2%** |
|  Tulsa Municipal Airport Trust Trustees/OK<br> (American Airlines, Inc.)<br>Series 2025<br>6.25%, 12/01/2040 | 100 | 113804 |
|  **Oregon – 0.9%** | **Oregon – 0.9%** | **Oregon – 0.9%** |
|  Port of Portland OR Airport Revenue<br> (Port of Portland OR Airport Revenue)<br>Series 2022-2<br>4.00%, 07/01/2047 | 500 | 457007 |
|  **Pennsylvania – 2.8%** | **Pennsylvania – 2.8%** | **Pennsylvania – 2.8%** |
|  Pennsylvania Higher Educational Facilities Authority<br> (University of Pennsylvania Health System Obligated Group)<br>Series 2025<br>5.00%, 08/15/2055 | 120 | 123815 |
|  Pennsylvania State University (The)<br> (Pennsylvania State University)<br>Series 2023<br>5.25%, 09/01/2053 | 1000 | 1063132 |
|  Philadelphia Authority for Industrial Development<br> (Children's Hospital of Philadelphia Obligated Group)<br>Series 2024<br>5.50%, 07/01/2053 | 205 | 221671 |
|  |  | 1408618 |
|  **Puerto Rico – 0.1%** | **Puerto Rico – 0.1%** | **Puerto Rico – 0.1%** |
|  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue<br> (Puerto Rico Sales Tax Financing Sales Tax Revenue)<br>Series 2018-A<br>Zero Coupon, 07/01/2051 | 100 | 26178 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **South Carolina – 1.1%** | **South Carolina – 1.1%** | **South Carolina – 1.1%** |
|  South Carolina Jobs-Economic Development Authority<br> (Novant Health Obligated Group)<br>Series 2024<br>5.50%, 11/01/2054 | $500 | $530991 |
|  **Tennessee – 1.8%** | **Tennessee – 1.8%** | **Tennessee – 1.8%** |
|  Bristol Industrial Development Board<br> (Bristol Industrial Development Board Sales Tax)<br>Series 2016-A<br>5.125%, 12/01/2042<sup>(a)</sup> | 280 | 276877 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-B<br>Zero Coupon, 12/01/2031<sup>(a)</sup> | 100 | 74023 |
|  Metropolitan Nashville Airport Authority (The)<br> (Metropolitan Nashville Airport Authority/The)<br>Series 2026-B<br>5.00%, 07/01/2040 | 375 | 419704 |
|  Shelby County Health & Educational Facilities Board<br> (Madrone Memphis Student Housing I)<br>Series 2024<br>5.25%, 06/01/2056<sup>(a)</sup> | 100 | 97011 |
|  |  | 867615 |
|  **Texas – 9.2%** | **Texas – 9.2%** | **Texas – 9.2%** |
|  City of Houston TX Airport System Revenue<br> (United Airlines, Inc.)<br>Series 2024-B<br>5.50%, 07/15/2038 | 100 | 109977 |
|  Dallas Fort Worth International Airport<br> (Dallas Fort Worth Intl Airport)<br>Series 2025-A<br>5.50%, 11/01/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1065218 |
|  Dallas Metrocare Services<br> (State of Texas)<br>Series 2025<br>5.25%, 11/01/2065 | 1000 | 1045913 |
|  Hidalgo County Regional Mobility Authority<br> (Hidalgo County Regional Mobility Authority)<br>Series 2022-B<br>Zero Coupon, 12/01/2046 | 335 | 112215 |
|  Port of Beaumont Navigation District<br> (Jefferson 2020 Bond Lessee & Borrower Obligated Group)<br>Series 2024<br>5.25%, 01/01/2054<sup>(a)</sup> | 100 | 96354 |
|  Texas Transportation Finance Corp.<br> (Texas Transportation Finance)<br>Series 2025<br>5.25%, 10/01/2055 | 1000 | 1068600 |
|  Texas Water Development Board<br> (State Water Implementation Revenue Fund for Texas)<br>Series 2023-A<br>5.00%, 10/15/2058 | 1000 | 1036753 |
|  |  | 4535030 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Utah – 0.2%** | **Utah – 0.2%** | **Utah – 0.2%** |
|  Utah Infrastructure Agency<br> (Utah Infrastructure Agency)<br>Series 2024<br>5.50%, 10/15/2044 | $100 | $106178 |
|  **Virginia – 2.8%** | **Virginia – 2.8%** | **Virginia – 2.8%** |
|  Fairfax County Industrial Development Authority<br> (Inova Health System Obligated Group)<br>Series 2022<br>4.00%, 05/15/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1001458 |
|  Henrico County Economic Development Authority<br> (Bon Secours Mercy Health)<br>Series 2025<br>5.00%, 11/01/2048 | 100 | 105085 |
|  James City County Economic Development Authority<br> (Williamsburg Landing Obligated Group)<br>Series 2024-A<br>6.875%, 12/01/2058 | 100 | 108493 |
|  Virginia College Building Authority<br> (Regent University Obligated Group)<br>Series 2025<br>6.00%, 06/01/2055 | 150 | 158792 |
|  |  | 1373828 |
|  **Washington – 8.7%** | **Washington – 8.7%** | **Washington – 8.7%** |
|  City of Tacoma WA Electric System Revenue<br> (City of Tacoma WA Electric System Revenue)<br>Series 2025-A<br>5.25%, 01/01/2050 | 1000 | 1075646 |
|  King County Public Hospital District No. 2<br> (King County Public Hospital District No. 2)<br>Series 2024<br>5.25%, 12/01/2045 | 1050 | 1127645 |
|  Vancouver Housing Authority<br> (Vancouver Housing Authority)<br>Series 2025<br>4.25%, 02/01/2038 | 1000 | 1058258 |
|  Washington Health Care Facilities Authority<br> (CommonSpirit Health Obligated Group)<br>Series 2025<br>5.50%, 09/01/2055 | 1000 | 1066418 |
|  |  | 4327967 |
|  **Wisconsin – 4.2%** | **Wisconsin – 4.2%** | **Wisconsin – 4.2%** |
|  Wisconsin Health & Educational Facilities Authority<br> (Forensic Science & Protective Medicine Collaboration)<br>Series 2024<br>5.00%, 08/01/2027<sup>(a)</sup> | 150 | 151006 |
|  Wisconsin Public Finance Authority<br> (Inperium Obligated Group)<br>Series 2024<br>5.75%, 12/01/2054<sup>(a)</sup> | 100 | 101510 |

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| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Wisconsin Public Finance Authority<br> (Puerto Rico Tollroads LLC)<br>Series 2024<br>5.50%, 07/01/2044 | $| 200 | $211412 |
|  Wisconsin Public Finance Authority<br> (SR 400 Peach Partners LLC)<br>Series 2025<br>5.75%, 12/31/2065 |  | 1550 | 1621024 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2084952 |
|  Total Municipal Obligations<br>(cost $46,664,934) | Total Municipal Obligations<br>(cost $46,664,934) | Total Municipal Obligations<br>(cost $46,664,934) | 47335842 |
|  | **Shares** | **Shares** |  |
|  **SHORT-TERM INVESTMENTS – 3.0%** | **SHORT-TERM INVESTMENTS – 3.0%** | **SHORT-TERM INVESTMENTS – 3.0%** | **SHORT-TERM INVESTMENTS – 3.0%** |
|  **Investment Companies – 3.0%** | **Investment Companies – 3.0%** | **Investment Companies – 3.0%** | **Investment Companies – 3.0%** |
|  AB Fixed Income Shares, Inc. – Government<br> Money Market Portfolio – Class AB, 3.53%<sup>(c) (d) (e)</sup><br>(cost $1,485,114) |  | 1485114 | 1485114 |
|  Total Investments – 98.5%<br>(cost $48,150,048)<sup>(f)</sup> | Total Investments – 98.5%<br>(cost $48,150,048)<sup>(f)</sup> | Total Investments – 98.5%<br>(cost $48,150,048)<sup>(f)</sup> | 48820956 |
|  Other assets less liabilities – 1.5% | Other assets less liabilities – 1.5% | Other assets less liabilities – 1.5% | 761351 |
|  **Net Assets – 100.0%** | **Net Assets – 100.0%** | **Net Assets – 100.0%** | $**49582307** |

---

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>February 28,<br>2026** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid**<br> **(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 45, 5 Year Index, 12/20/2030\* | (5.00)% | Quarterly | 3.32% | USD | 485 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37558) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31924) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5634) |

---

*\** *Termination date* 

------

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 380 | 10/15/2028 | CPI# | 2.565% | Maturity | $847 | $— | $847 |
| USD | 1200 | 10/15/2029 | 2.569% | CPI# | Maturity | (5802) |  | (5802) |
| USD | 1100 | 10/15/2029 | 2.485% | CPI# | Maturity | (780) |  | (780) |
| USD | 867 | 10/15/2029 | 2.499% | CPI# | Maturity | (1211) |  | (1211) |
| USD | 867 | 10/15/2029 | 2.516% | CPI# | Maturity | (1937) |  | (1937) |
| USD | 866 | 10/15/2029 | 2.451% | CPI# | Maturity | 822 |  | 822 |
| USD | 400 | 10/15/2030 | CPI# | 2.531% | Maturity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1918 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1918 |
|  |  |  |  |  |  | $(6143) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $(6143) |

---

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

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 700 | 01/03/2033 | 1 Day SOFR | 3.724% | Annual | $16235 | $— | $16235 |
| USD | 610 | 12/30/2044 | 1 Day SOFR | 4.166% | Annual | 25411 |  | 25411 |
| USD | 1200 | 01/13/2045 | 1 Day SOFR | 4.144% | Annual | 46021 |  | 46021 |
| USD | 200 | 01/13/2045 | 1 Day SOFR | 4.156% | Annual | 8013 | (80) | 8093 |
| USD | 200 | 01/13/2045 | 1 Day SOFR | 4.189% | Annual | 8918 |  | 8918 |
| USD | 500 | 01/26/2046 | 1 Day SOFR | 4.222% | Annual | 23947 |  | 23947 |
| USD | 265 | 02/05/2055 | 3.942% | 1 Day SOFR | Annual | (1880) |  | (1880) |
| USD | 300 | 05/05/2055 | 3.962% | 1 Day SOFR | Annual | (2827) |  | (2827) |
| USD | 200 | 05/05/2055 | 3.806% | 1 Day SOFR | Annual | 3876 |  | 3876 |
| USD | 400 | 11/15/2055 | 3.943% | 1 Day SOFR | Annual | (3238) |  | (3238) |
| USD | 300 | 11/15/2055 | 4.004% | 1 Day SOFR | Annual | (5714) |  | (5714) |
| USD | 60 | 11/15/2055 | 4.114% | 1 Day SOFR | Annual | (2322) |  | (2322) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116440 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(80) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116520 |

---

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At February 28, 2026, the aggregate market value of these securities amounted to $2,093,667 or 4.2% of net assets.* 

*(b)* *Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at February 28, 2026.* 

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

*(d)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(e)* *Affiliated investments.* 

*(f)* *As of February 28, 2026, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $956,296 and gross unrealized depreciation of investments was $(180,645), resulting in net unrealized appreciation of $775,651.* 

*As of February 28, 2026, the Fund's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 2.6% and 0.0%, respectively.* 

*Glossary:* 

*AG* – *Assured Guaranty Inc.* 

*BAM* – *Build American Mutual* 

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

*COP* – *Certificate of Participation* 

*SOFR* – *Secured Overnight Financing Rate* 

------

**AB Active ETFs, Inc.** 

**AB Tax-Aware Long Municipal ETF** 

**February 28, 2026 (unaudited)** 

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

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

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

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

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

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

------

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Long-Term Municipal Bonds | $— | $47335842 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $47335842 |
| Short-Term Investments | 1485114 |  |  | 1485114 |
| Total Investments in Securities | 1485114 | 47335842 |  | 48820956 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Centrally Cleared Inflation (CPI) Swaps |  | 3587 |  | 3587 |
| Centrally Cleared Interest Rate Swaps |  | 132421 |  | 132421 |
| **Liabilities:** |  |  |  |  |
| Centrally Cleared Credit Default Swaps |  | (37558) |  | (37558) |
| Centrally Cleared Inflation (CPI) Swaps |  | (9730) |  | (9730) |
| Centrally Cleared Interest Rate Swaps |  | (15981) |  | (15981) |
| **Total** | $**1485114** | $**47408581** | $**—** | $**48893695** |

---

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

A summary of the Fund's transactions in AB mutual funds for the three months ended February 28, 2026 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value<br>11/30/2025<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>02/28/2026<br>(000)** | **Dividend<br>Income<br>(000)** |
| AB Government Money Market Portfolio | $816 | $8309 | $7640 | $1485 | $9 |

---

## 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:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $49593986.98

**Total Liabilities:** $12029.31

**Net Assets:** $49581957.67

**Cash Not Reported:** $108758.10

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -51.83000000 | **1-Year:** -1160.56000000 | **5-Year:** -7669.26000000 | **10-Year:** -22247.08000000 | **30-Year:** -9573.75000000

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

- **3-Month:** -6.77000000 | **1-Year:** -103.35000000 | **5-Year:** -349.02000000 | **10-Year:** -1231.25000000 | **30-Year:** -799.83000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245886 | -0.15%               | 0.58%                | 1.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6205.12                | $-216903.17                                |
| Month 2  | $0.00                    | $87167.55                                  |
| Month 3  | $-11895.70               | $613998.31                                 |

**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      | $524599.45    | 1.06%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                            | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                                                                                   | CUSIP: 16772PFC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $536713.60    | 1.08%             | 2056-12-01      | Fixed         | 5.50%                 | 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      | $70470.01     | 0.14%             | 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      | $148990.94    | 0.30%             | 2058-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                     | Long: SS30EP8   IRS USD R F  2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8   IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    380000 | OU      | $847.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                           | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                   | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   1485114 | NS      | $1485113.66   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                  | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647PE5<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069816.60   | 2.16%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | PHILADELPHIA PA AUTH FOR INDL DEV HOSP REVENUE                                                                                     | CUSIP: 717901CB6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    205000 | PA      | $221670.78    | 0.45%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND                                                                               | CUSIP: 88285ADU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036753.00   | 2.09%             | 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      | $-779.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| City of Venice FL                                                            | VENICE FL                                                                                                                          | CUSIP: 922687AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100412.40    | 0.20%             | 2060-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                     | Long: BS38TJ1   IRS USD R V 00MSOFR IS38TK2 CCPOIS / Short: BS38TJ1   IRS USD P F  4.11350 IS38TJ1 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     60000 | OU      | $-2322.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                   | STAMFORD CT HSG AUTH                                                                                                               | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102843.24    | 0.21%             | 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      | $157095.53    | 0.32%             | 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      | $109976.68    | 0.22%             | 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      | $82571.40     | 0.17%             | 2055-06-01      | Fixed         | 5.00%                 | 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      | $822.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                             | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE                                                                               | CUSIP: 650028YC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110115.56    | 0.22%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                | OHIO ST HOSP REVENUE                                                                                                               | CUSIP: 67756CCV8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1018473.17   | 2.05%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    400000 | PA      | $432744.24    | 0.87%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                           | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                               | CUSIP: 64990KJE4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1261365.47   | 2.54%             | 2055-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                     | Long: SS39KI0   IRS USD R F  4.22150 IS39KI0 CCPOIS / Short: SS39KI0   IRS USD P V 00MSOFR IS39KJ1 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    500000 | OU      | $23947.51     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Nash Health Care Systems                                                     | NASH HLTH CARE SYS NC HLTH CARE FACS REVENUE                                                                                       | CUSIP: 631163BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $649433.58    | 1.31%             | 2050-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                            | PENNSYLVANIA ST UNIV                                                                                                               | CUSIP: 7092352L8<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063132.10   | 2.14%             | 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      | $805833.08    | 1.63%             | 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: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    835000 | PA      | $897998.66    | 1.81%             | 2048-07-01      | Fixed         | 5.25%                 | 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      | $368900.91    | 0.74%             | 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      | $101510.04    | 0.20%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                     | Long: BS37VF8   IRS USD R V 00MSOFR IS37VG9 CCPOIS / Short: BS37VF8   IRS USD P F  4.00400 IS37VF8 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    300000 | OU      | $-5714.19     | -0.01%            |  |  |  | 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      | $1001457.50   | 2.02%             | 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      | $8918.08      | 0.02%             |  |  |  | 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      | $110577.28    | 0.22%             | 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      | $310963.14    | 0.63%             | 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      | $436703.85    | 0.88%             | 2043-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dallas Metrocare Services                                                    | METROCARE SERVICES TX REVENUE                                                                                                      | CUSIP: 59164FAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045913.10   | 2.11%             | 2065-11-01      | Fixed         | 5.25%                 | 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        |    265000 | OU      | $-1879.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                               | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    100000 | PA      | $54000.00     | 0.11%             | 2065-01-01      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 70917TTV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123815.05    | 0.25%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                            | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182QM1<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113289.50   | 2.25%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp                                      | SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                                                                                         | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102307.11    | 0.21%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | UNIV OF CALIFORNIA CA REVENUES                                                                                                     | CUSIP: 91412HWL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $318092.60    | 0.64%             | 2040-05-15      | Fixed         | 5.25%                 | 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      | $109912.41    | 0.22%             | 2056-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                   | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505ZA7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157431.80    | 0.32%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                           | MARYLAND ST ECON DEV CORP LEASE REVENUE                                                                                            | CUSIP: 57420PJA5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062828.10   | 2.14%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                              | CUSIP: 79766DTP4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104666.40   | 2.23%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                 | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE                                                                              | CUSIP: 5755792J5<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107386.95    | 0.22%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                     | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                                                                                           | CUSIP: 59260XCV8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042871.20   | 2.10%             | 2052-11-15      | 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      | $106177.85    | 0.21%             | 2044-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JHK5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110961.54    | 0.22%             | 2056-04-01      | Floating      | 5.00%                 | 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      | $-2827.16     | -0.01%            |  |  |  | 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      | $1001351.80   | 2.02%             | 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        |    325000 | PA      | $344475.20    | 0.69%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                  | VANCOUVER WA HSG AUTH                                                                                                              | CUSIP: 921626PU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058258.00   | 2.13%             | 2038-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                     | Long: SS30FB1   IRS USD R F  2.53125 IS30FB1 CCPINFLATIONZERO / Short: SS30FB1   IRS USD P V 12MUSCPI IS30FC2 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    400000 | OU      | $1917.73      | 0.00%             |  |  |  | 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      | $269495.80    | 0.54%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                        | CAPITAL PROJS FIN AUTH FL EDUCTNL FACS REVENUE                                                                                     | CUSIP: 14043FAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102524.45    | 0.21%             | 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      | $-1936.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                      | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                                                                                    | CUSIP: 23503CGJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065217.90   | 2.15%             | 2050-11-01      | Fixed         | 5.50%                 | 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      | $72032.34     | 0.15%             | 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      | $310758.39    | 0.63%             | 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      | $209014.58    | 0.42%             | 2047-12-01      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                         | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 167591AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054207.50   | 2.13%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                                                                                        | CUSIP: 452153FL8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    350000 | PA      | $369054.49    | 0.74%             | 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      | $101801.72    | 0.21%             | 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        |    740000 | PA      | $806646.32    | 1.63%             | 2055-01-01      | Floating      | 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      | $457007.10    | 0.92%             | 2047-07-01      | Fixed         | 4.00%                 | 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      | $97011.20     | 0.20%             | 2056-06-01      | Fixed         | 5.25%                 | 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      | $105268.06    | 0.21%             | 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      | $104511.77    | 0.21%             | 2055-06-01      | Fixed         | 5.50%                 | 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      | $105085.18    | 0.21%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                           | CHICAGO IL                                                                                                                         | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |     90000 | PA      | $90429.64     | 0.18%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP                                                                                                            | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99504.13     | 0.20%             | 2053-07-01      | Fixed         | 5.25%                 | 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      | $74022.94     | 0.15%             | 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      | $163472.72    | 0.33%             | 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      | $213036.98    | 0.43%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                   | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI                                                                       | CUSIP: 42934ABZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $112214.82    | 0.23%             | 2046-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                          | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                     | CUSIP: 13013FAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $85800.02     | 0.17%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                              | Long: BS373E1   CDS USD R V 03MEVENT IS373F2 CCPCDX / Short: BS373E1   CDS USD P F  5.00000 IS373E1 CCPCDX                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    485100 | OU      | $-37558.06    | -0.08%            |  |  |  | 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      | $96457.03     | 0.19%             | 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      | $159742.20    | 0.32%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Tacoma WA Electric System Revenue                                    | TACOMA WA ELEC SYS REVENUE                                                                                                         | CUSIP: 873519RA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075645.70   | 2.17%             | 2050-01-01      | Fixed         | 5.25%                 | 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      | $578280.79    | 1.17%             | 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        |   1000000 | PA      | $106615.50    | 0.22%             | 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      | $113804.15    | 0.23%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                     | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                | CUSIP: 59333P7M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1146525.70   | 2.31%             | 2035-10-01      | Fixed         | 5.00%                 | 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      | $96353.69     | 0.19%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue      | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JTT5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048894.40   | 2.12%             | 2050-05-01      | 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: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107455.83    | 0.22%             | 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      | $108493.14    | 0.22%             | 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      | $874948.72    | 1.76%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                          | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                        | CUSIP: 92778FLZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158792.28    | 0.32%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                        | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261APJ0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    575000 | PA      | $458055.81    | 0.92%             | 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      | $211411.42    | 0.43%             | 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        |    610000 | OU      | $25410.86     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                       | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE                                                                               | CUSIP: 896035DH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050133.90   | 2.12%             | 2064-05-15      | Fixed         | 5.25%                 | 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      | $8012.99      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                 | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                            | CUSIP: 592190SN3<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    375000 | PA      | $419703.45    | 0.85%             | 2040-07-01      | Fixed         | 5.00%                 | 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      | $530990.80    | 1.07%             | 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      | $102748.70    | 0.21%             | 2044-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                  | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $26177.76     | 0.05%             | 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      | $96064.25     | 0.19%             | 2057-09-01      | Fixed         | 5.25%                 | 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      | $100342.94    | 0.20%             | 2054-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp                                            | TEXAS ST TRANSPRTN FIN CORP SH 288 SYS TOLL REVENUE                                                                                | CUSIP: 88283PAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068600.60   | 2.16%             | 2055-10-01      | Fixed         | 5.25%                 | 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      | $279644.33    | 0.56%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue             | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE                                                                              | CUSIP: 93878YDS5<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041220.70   | 2.10%             | 2048-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                     | Long: SS39370   IRS USD R F  4.14350 IS39370 CCPOIS / Short: SS39370   IRS USD P V 00MSOFR IS39381 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1200000 | OU      | $46021.20     | 0.09%             |  |  |  | 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      | $-1211.33     | -0.00%            |  |  |  | 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      | $120855.75    | 0.24%             | 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      | $537718.19    | 1.08%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                     | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                       | CUSIP: 04052FEM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206612.20    | 0.42%             | 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      | $-5802.12     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                      | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE                                                                                   | CUSIP: 576000E33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077763.70   | 2.17%             | 2050-02-15      | Fixed         | 5.25%                 | 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      | $3875.78      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                | MASSACHUSETTS ST                                                                                                                   | CUSIP: 57582RN93<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    180000 | PA      | $109354.95    | 0.22%             | 2050-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                     | Long: BS38D33   IRS USD R V 00MSOFR IS38D44 CCPOIS / Short: BS38D33   IRS USD P F  3.94300 IS38D33 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    400000 | OU      | $-3238.16     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                     | Long: SS39KE6   IRS USD R F  3.72400 IS39KE6 CCPOIS / Short: SS39KE6   IRS USD P V 00MSOFR IS39KF7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    700000 | OU      | $16235.11     | 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      | $205141.76    | 0.41%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI TOLL REVENUE                                                                                                    | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1621024.41   | 3.27%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                              | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528U7K1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522456.60    | 1.05%             | 2067-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                 | MASSACHUSETTS ST PORT AUTH                                                                                                         | CUSIP: 575896TH8<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063324.00   | 2.14%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                  | WASHINGTON ST HLTH CARE FACS AUTH                                                                                                  | CUSIP: 93978HF75<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066418.20   | 2.15%             | 2055-09-01      | Fixed         | 5.50%                 | 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      | $151005.95    | 0.30%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                            | NORTH CAROLINA ST TURNPIKE AUTH                                                                                                    | CUSIP: 65830RDD8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    250000 | PA      | $71587.43     | 0.14%             | 2052-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| King County Public Hospital District No 2                                    | KING CNTY WA PUBLIC HOSP DIST #2                                                                                                   | CUSIP: 494791UA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1127645.30   | 2.27%             | 2045-12-01      | Fixed         | 5.25%                 | 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      | $357973.81    | 0.72%             | 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      | $276877.08    | 0.56%             | 2042-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

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

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller