# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0000919574-26-001860
**Filing Date:** 2026-3
**Character Count:** 70275
**Document Hash:** 6c27e3fa9aefd9c36421c5701119410f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-26-001860.hdr.sgml**: 20260323

**ACCESSION NUMBER**: 0000919574-26-001860

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260323

**DATE AS OF CHANGE**: 20260323

**EFFECTIVENESS DATE**: 20260323

**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:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-289816
- **FILM NUMBER:** 26782806

**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

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| |
|:---|
| &nbsp;&nbsp;As filed with the Securities and Exchange Commission on March 23, 2026 |
| &nbsp;&nbsp;FILE NO. 333-289816 |
| &nbsp;&nbsp;SECURITIES AND EXCHANGE COMMISSION |
| &nbsp;&nbsp;Washington, D.C. 20549 |
| &nbsp;&nbsp;____________________________________ |
| &nbsp;&nbsp;FORM N-14 |
| &nbsp;&nbsp;REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ☒ |
| &nbsp;&nbsp;Pre-Effective Amendment No. ____ |
| &nbsp;&nbsp;Post-Effective Amendment No. 1 |
| &nbsp;&nbsp;__________________________________ |
| **AB ACTIVE ETFs, INC.** |
| &nbsp;&nbsp;(Exact Name of Registrant as Specified in Charter) |
| &nbsp;&nbsp;66 Hudson Boulevard East, 26th Floor, New York, New York 10001 |
| &nbsp;&nbsp;(Address of Principal Executive Office) (Zip Code) |
| &nbsp;&nbsp;Registrant's Telephone Number, including Area Code: |
| &nbsp;&nbsp;(800) 221-5672 |
| &nbsp;&nbsp;__________________________________ |
| &nbsp;&nbsp;Nancy E. Hay |
| &nbsp;&nbsp;AllianceBernstein L.P. |
| &nbsp;&nbsp;66 Hudson Boulevard East, 26th Floor New York, New York 10001 |
| &nbsp;&nbsp;(Name and address of agent for service) |
| &nbsp;&nbsp;Copies of Communications to: |
| &nbsp;&nbsp;Paul M. Miller |
| &nbsp;&nbsp;Seward & Kissel LLP |
| &nbsp;&nbsp;901 K Street, N.W. |
| &nbsp;&nbsp;Suite 800 |
| &nbsp;&nbsp;Washington, D.C. 20001 |

---

No filing fee is due because Registrant is relying on Section 24(f) of the Investment Company Act of 1940, as amended, pursuant to which it has previously registered an indefinite number of securities.

It is proposed that this filing will become effective immediately pursuant to Rule 462(d) under the Securities Act of 1933, as amended.

 **EXPLANATORY NOTE**

This Post-Effective Amendment No. 1 to the Registration Statement of the Registrant on Form N-14 (File No. 333-289816) consists of the following:

Cover Sheet

Contents of the Registration Statement

1. [Part A—The definitive Information Statement/Prospectus as filed on November 3, 2025 pursuant to Rule 497 under the Securities Act of 1933 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425006391/d91524d497.htm)

2. [Part B—The definitive Statement of Additional Information as filed on November 3, 2025 pursuant to Rule 497 under the Securities Act of 1933 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425006391/d91524d497.htm)

3. Part C—Other Information.

Signature Page

Exhibits—The filing is being made solely for the purpose of adding Exhibit 12 to Registrant's Registration Statement on Form N-14 (File No. 333-289816).

Part C – Other Information.

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| |
|:---|
| ITEM 15. Indemnification. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; It is the Registrant's policy to indemnify its directors and officers, employees and other agents to the maximum extent permitted by Section 2-418 of the General Corporation Law of the State of Maryland, which is incorporated by reference herein, and as set forth in Article EIGHTH of Registrant's Articles of Amendment and Restatement of Articles of Incorporation filed as Exhibit (a), Article IX of the Registrant's Amended and Restated By-laws filed as Exhibit (b) and Section 6 of the Distribution Agreement filed as Exhibit (e), as set forth below. The Adviser's liability for any loss suffered by the Registrant or its shareholders is set forth in Section 4 of the Investment Advisory Contract filed as Exhibit (d), as set forth below.<br>The liability of the Registrant's directors and officers is dealt with in Article EIGHTH of Registrant's Articles of Amendment and Restatement of Articles of Incorporation, as set forth below.<br>ARTICLE EIGHTH OF THE REGISTRANT'S ARTICLES OF AMENDMENT AND RESTATEMENT OF ARTICLES OF INCORPORATION READS AS FOLLOWS:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To the maximum extent that Maryland law in effect from time to time permits limitation of the liability of directors and officers of a corporation, no present or former director or officer of the Corporation shall be liable to the Corporation or its stockholders for money damages. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Corporation shall have the power, to the maximum extent permitted by Maryland law in effect from time to time, to obligate itself to indemnify, and to pay or reimburse reasonable expenses in advance of final disposition of a proceeding to, (a) any individual who is a present or former director or officer of the Corporation or (b) any individual who, while a director or officer of the Corporation and at the request of the Corporation, serves or has served as a director, officer, partner or trustee of another corporation, real estate investment trust, partnership, joint venture, trust, employee benefit plan, limited liability company or any other enterprise from and against any claim or liability to which such person may become subject or which such person may incur by reason of his or her service in such capacity. The Corporation shall have the power, with the approval of the Board of Directors, to provide such indemnification and advancement of expenses to a person who served a predecessor of the Corporation in any of the capacities described in (a) or (b) above and to any employee or agent of the Corporation or a predecessor of the Corporation.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The provisions of this Article EIGHTH shall be subject to the limitations of the Investment Company Act.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Neither the amendment nor repeal of this Article EIGHTH, nor the adoption or amendment of any other provision of the Charter or Bylaws inconsistent with this Article EIGHTH, shall apply to or affect in any respect the applicability of the preceding sections of this Article EIGHTH with respect to any act or failure to act which occurred prior to such amendment, repeal or adoption.<br>ARTICLE IX OF THE REGISTRANT'S AMENDED AND RESTATED BYLAWS READS AS FOLLOWS:<br>To the maximum extent permitted by Maryland law in effect from time to time, the Corporation shall indemnify and, without requiring a preliminary determination of the ultimate entitlement to indemnification, shall pay or reimburse reasonable expenses in advance of final disposition of a proceeding to (a) any individual who is a present or former director or officer of the Corporation and who is made or threatened to be made a party to the proceeding by reason of his or her service in any such capacity or (b) any individual who, while a director or officer of the Corporation and at the request of the Corporation, serves or has served as a director, officer, partner or trustee of another corporation, real estate investment trust, partnership, joint venture, trust, employee benefit plan or other enterprise and who is made or threatened to be made a party to the proceeding by reason of his or her service in any such capacity. The rights to indemnification and advance of expenses provided by the Charter and these Bylaws shall vest immediately upon election of a director or officer. The Corporation may, with the approval of its Board of Directors or any duly authorized committee thereof, provide such indemnification and advance for expenses to a person who served a predecessor of the Corporation in any of the capacities described in (a) or (b) above and to any employee or agent of the Corporation or a predecessor of the Corporation. The termination of any claim, action, suit or other proceeding involving any person, by judgment, settlement (whether with or without court approval) or conviction or upon a plea of guilty or nolo contendere, or its equivalent, shall not create a presumption that such person did not meet the standards of conduct required for indemnification or payment of expenses to be required or permitted under Maryland law, these Bylaws or the Charter. Any indemnification or advance of expenses made pursuant to this Article shall be subject to applicable requirements of the 1940 Act. The indemnification and payment of expenses provided in these Bylaws shall not be deemed exclusive of or limit in any way other rights to which any person seeking indemnification or payment of expenses may be or may become entitled under any bylaw, regulation, insurance, agreement or otherwise.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither the amendment nor repeal of this Article, nor the adoption or amendment of any other provision of the Bylaws or Charter inconsistent with this Article, shall apply to or affect in any respect the applicability of the preceding paragraph with respect to any act or failure to act which occurred prior to such amendment, repeal or adoption.<br>The Investment Advisory Contract between the Registrant and AllianceBernstein L.P. provides that AllianceBernstein L.P. will not be liable under such agreement for any mistake of judgment or in any event whatsoever, except for lack of good faith, and that nothing therein shall be deemed to protect, or purport to protect, AllianceBernstein L.P. against any liability to Registrant or its security holders to which it would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties hereunder, or by reason of its reckless disregard of its obligations and duties thereunder.<br>The Distribution Agreement between the Registrant and Foreside Fund Services, LLC (the "Distributor") provides that the Registrant agrees to indemnify and hold harmless the Distributor, its affiliates and each of their respective directors, officers and employees and agents and any person who controls the Distributor within the meaning of Section 15 of the Securities Act of 1933, as amended (the "1933 Act") (any of the Distributor, its officers, employees, agents and directors or such control persons, for purposes of this paragraph, a "Distributor Indemnitee") against any loss, liability, claim, damages or expense (including the reasonable cost of investigating or defending any alleged loss, liability, claim, damages or expense and reasonable counsel fees incurred in connection therewith) ("Losses") that a Distributor Indemnitee may incur arising out of or based upon: (i) Distributor serving as distributor for the Registrant pursuant to the Distribution Agreement; (ii) the allegation of any wrongful act of the Registrant or any of its directors, officers, employees or affiliates in connection with its duties and responsibilities in the Distribution Agreement; (iii) any claim that the Registration Statement, Prospectus, Statement of Additional Information, product description, shareholder reports, Marketing Materials and advertisements specifically approved by the Registrant and Investment Adviser or other information filed or made public by the Registrant (as from time to time amended) included an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein (and in the case of the Prospectus, Statement of Additional Information and product description, in light of the circumstances under which they were made) not misleading under the 1933 Act, or any other statute or the common law, unless such statement or omission was made in reliance upon, and in conformity with, information furnished to the Registrant, in writing, by the Distributor for use in such Registration Statement, Prospectus, Statement of Additional Information, product description, shareholder report, Marketing Materials or advertisement; (iv) the breach by the Registrant of any obligation, representation or warranty contained in the Distribution Agreement; or (v) the Registrant's failure to comply in any material respect with applicable securities laws. The Distributor shall act in good faith and in a commercially reasonable manner to mitigate any Losses it may suffer.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> In no case (i) is the indemnification provided by an indemnifying party to be deemed to protect against any liability the indemnified party would otherwise be subject to by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties under the Distribution Agreement, or (ii) is the indemnifying party to be liable under Section 6 of the Distribution Agreement with respect to any claim made against any indemnified party unless the indemnified party notifies the indemnifying party in writing of the claim within a reasonable time after the summons or other first written notification giving information of the nature of the claim shall have been served upon the indemnified party (or after the indemnified party shall have received notice of service on any designated agent).<br>The foregoing summaries are qualified by the entire text of Registrant's articles of Restatement of Articles of Incorporation, Amended and Restated By-Laws, the Investment Advisory Contract between the Registrant and AllianceBernstein L.P. and the Distribution Agreement between the Registrant and Foreside Fund Services, LLC.<br>Insofar as indemnification for liabilities arising under the 1933 Act may be permitted to directors, officers and controlling persons of the Registrant by the Registrant pursuant to the Registrant's organizational instruments or otherwise, the Registrant is aware that in the opinion of the Securities and Exchange Commission ("SEC"), such indemnification is against public policy as expressed in the 1933 Act and, therefore, is unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.<br>In accordance with Release No. IC-11330 (September 2, 1980), the Registrant will indemnify its directors, officers, investment adviser and principal underwriters only if (1) a final decision on the merits was issued by the court or other body before whom the proceeding was brought that the person to be indemnified (the "indemnitee") was not liable by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office ("disabling conduct") or (2) a reasonable determination is made, based upon a review of the facts, that the indemnitee was not liable by reason of disabling conduct, by (a) the vote of a majority of a quorum of the directors who are neither "interested persons" of the Registrant as defined in section 2(a)(19) of the Investment Company Act of 1940 nor parties to the proceeding ("disinterested, non-party directors"), or (b) an independent legal counsel in a written opinion. The Registrant will advance attorneys fees or other expenses incurred by its directors, officers, investment adviser or principal underwriters in defending a proceeding, upon the undertaking by or on behalf of the indemnitee to repay the advance unless it is ultimately determined that he is entitled to indemnification and, as a condition to the advance, (1) the indemnitee shall provide a security for his undertaking, (2) the Registrant shall be insured against losses arising by reason of any lawful advances, or (3) a majority of a quorum of disinterested, non-party directors of the Registrant, or an independent legal counsel in a written opinion, shall determine, based on a review of readily available facts (as opposed to a full trial-type inquiry), that there is reason to believe that the indemnitee ultimately will be found entitled to indemnification.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Registrant participates in a joint director's liability insurance policy issued by the ICI Mutual Insurance Company. Under this policy, outside trustees and directors are covered up to the limits specified for any claim against them for acts committed in their capacities as trustee or director. A pro rata share of the premium for this coverage is charged to each participating investment company. In addition, the Adviser's liability insurance policy, which is issued by a number of underwriters, including Greenwich Insurance Company as primary underwriter, extends to officers of the Registrant and such officers are covered up to the limits specified for any claim against them for acts committed in their capacities as officers of the investment companies sponsored by the Adviser.<br>The independent directors and the interested advisory director (each an "Indemnitee") have entered into an indemnification agreement with the Registrant under which the Registrant has agreed to indemnify each Indemnitee against any covered expense and covered liability reasonably incurred by the Indemnitee in connection with any covered proceeding arising as a result of the Indemnitee's service to the Registrant, to the fullest extent permitted by law. In addition, the indemnification agreement adopts certain presumptions and procedures that may make the indemnification process and advancement of expenses more efficient.<br>

<u>ITEM 16.</u> <u>Exhibits</u>

(1) (a) [Articles of Amendment and Restatement of the Articles of Incorporation of the Registrant dated May 4, 2022 and filed May 5, 2022 – Incorporated by reference to Exhibit (a) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on May 10, 2022.](https://www.sec.gov/Archives/edgar/data/1496608/000091957422003072/d9480524_ex-a.htm)

(b) [Articles of Amendment to the Articles of Incorporation of the Registrant dated August 2, 2022 and filed August 4, 2022 – Incorporated by reference to Exhibit (a)(2) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 25, 2022](https://www.sec.gov/Archives/edgar/data/0001496608/000091957422005249/d9704105_ex99a-2.htm) .

(c) [Articles Supplementary to the Articles of Incorporation of the Registrant dated November 3, 2022 and filed November 4, 2022 – Incorporated by reference to Exhibit (a)(3) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on November 7, 2022](https://www.sec.gov/Archives/edgar/data/1496608/000091957422006264/d9784750_ex99a-3.htm) .

(d) [Articles Supplementary to the Articles of Incorporation of the Registrant dated December 16, 2022 and filed December 19, 2022 – Incorporated by reference to Exhibit (a)(4) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on December 22, 2022.](https://www.sec.gov/Archives/edgar/data/1496608/000091957422007157/d9882214_ex99a-4.htm)

(e) [Articles Supplementary to the Articles of Incorporation of the Registrant dated February 1, 2023 and filed February 2, 2023 – Incorporated by reference to Exhibit (a)(5) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on February 3, 2023.](https://www.sec.gov/Archives/edgar/data/1496608/000091957423000698/d9909771_ex99a-5.htm)

(f) [Articles Supplementary to the Articles of Incorporation of the Registrant dated August 2, 2023 and filed August 3, 2023 – Incorporated by reference to Exhibit (a)(6) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 7, 2023.](https://www.sec.gov/Archives/edgar/data/1496608/000091957423004356/d10655929_ex99a-6.htm)

(g) [Articles Supplementary to the Articles of Incorporation of the Registrant dated November 2, 2023 and filed November 3, 2023 – Incorporated by reference to Exhibit (a)(7) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on November 7, 2023.](https://www.sec.gov/Archives/edgar/data/1496608/000091957423005964/d10826990_ex99a-7.htm)

(h) [Articles Supplementary to the Articles of Incorporation of the Registrant dated July 31, 2024 and filed August 2, 2024 – Incorporated by reference to Exhibit (a)(8) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 5, 2024.](https://www.sec.gov/Archives/edgar/data/1496608/000091957424004269/d11076504_ex99a-8.htm)

(i) [Articles Supplementary to the Articles of Incorporation of the Registrant dated March 13, 2025 and filed March 14, 2025 – Incorporated by reference to Exhibit (a)(9) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on March 17, 2025](https://www.sec.gov/Archives/edgar/data/1496608/000091957425001985/d11615856_ex99-a9.htm) <u>.</u> 

(j) [Articles Supplementary to the Articles of Incorporation of the Registrant dated May 8, 2025 and filed May 9, 2025 – Incorporated by reference to Exhibit (a)(10) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on May 12, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425002834/d11633628_ex99a-10.htm)

(k) [Articles Supplementary to the Articles of Incorporation of the Registrant filed August 8, 2025 –Incorporated by reference to Exhibit (a)(11) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 11, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425004432/d11954982_ex99a-11.htm)

(2) [Amended and Restated By-Laws of the Registrant – Incorporated by reference to Exhibit (b) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on May 10, 2022.](https://www.sec.gov/Archives/edgar/data/1496608/000091957422003072/d9480525_ex-b.htm)

(3) Voting Trust Agreements. – Not Applicable.

(4) [Form of Agreement and Plan of Acquisition and Termination – Incorporated by reference to Exhibit A to Part A of Registrant's Registration Statement on Form N-14 (File No. 333-289816), filed with the Securities and Exchange Commission on October 14, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425006118/d11852832a_n-14a.htm)

(5) Instruments defining the rights of holders of the
 securities being registered. – Not Applicable.

(6) [Investment Advisory Contract between the Registrant and AllianceBernstein L.P. dated August 4, 2022, as amended November 3, 2022, March 15, 2023, May 9, 2023, September 11, 2023, December 1, 2023, May 24, 2024, June 26, 2024, November 19, 2024, February 7, 2025 and May 9, 2025 – Incorporated by reference to Exhibit (d) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 11, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425004432/d11954982_ex99-d.htm)

(7) (a) [ETF Distribution Agreement between the Registrant and Foreside Fund Services, LLC dated August 1, 2022 – Incorporated by reference to Exhibit (e) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 25, 2022.](https://www.sec.gov/Archives/edgar/data/1496608/000091957422005249/d9719138_ex99-e.htm)

(b) [First Amendment to ETF Distribution Agreement between the and Foreside Fund Services, LLC, dated August 1, 2022, effective March 15, 2023 – Incorporated by reference to Exhibit (e)(2) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on October 18, 2024.](https://www.sec.gov/Archives/edgar/data/1496608/000091957424005945/d11475298_ex99e-2.htm)

(c) [Second Amendment to ETF Distribution Agreement between the Registrant and Foreside Fund Services, LLC, dated August 1, 2022, effective June 12, 2023 – Incorporated by reference to Exhibit (e)(3) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on October 18, 2024.](https://www.sec.gov/Archives/edgar/data/1496608/000091957424005945/d11475298_ex99e-3.htm)

(d) [Third Amendment to ETF Distribution Agreement between the Registrant and Foreside Fund Services, LLC, dated August 1, 2022, effective September 20, 2023 – Incorporated by reference to Exhibit (e)(4) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on October 18, 2024.](https://www.sec.gov/Archives/edgar/data/1496608/000091957424005945/d11498567_ex99e-4.htm)

(e) [Fourth Amendment to ETF Distribution Agreement between the Registrant and Foreside Fund Services, LLC, dated August 1, 2022, effective December 13, 2023 – Incorporated by reference to Exhibit (e)(5) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on October 18, 2024.](https://www.sec.gov/Archives/edgar/data/1496608/000091957424005945/d11498431_ex99e-5.htm)

(f) [Fifth Amendment to ETF Distribution Agreement between the Registrant and Foreside Fund Services, LLC, dated August 1, 2022, effective June 1, 2024 – Incorporated by reference to Exhibit (e)(6) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on October 18, 2024.](https://www.sec.gov/Archives/edgar/data/1496608/000091957424005945/d11498550_ex99e-6.htm)

(g) [Sixth Amendment to ETF Distribution Agreement between the Registrant and Foreside Fund Services, LLC, dated August 1, 2022, effective July 11, 2024 – Incorporated by reference to Exhibit (e)(7) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on October 18, 2024.](https://www.sec.gov/Archives/edgar/data/1496608/000091957424005945/d11498422_ex99e-7.htm)

(h) [Eighth Amendment to ETF Distribution Agreement between the Registrant and Foreside Fund Services, LLC, dated August 1, 2022, effective May 19, 2025 – Incorporated by reference to Exhibit (e)(8) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on May 30, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425003448/d11802271_ex99e-8.htm)

(i) [Ninth Amendment to Distribution Agreement between the Registrant and Foreside Fund Services, LLC, dated August 1, 2022, effective as July 17, 2025 – Incorporated by reference to Exhibit (e)(9) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on July 25, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425004210/d11849688_ex-e9.htm)

(8) Bonus, profit sharing, pension or other similar contracts or arrangements. – Not Applicable.

(9) (a) [Custody Agreement between the Registrant and State Street Bank and Trust Company dated July 22, 2022 – Incorporated by reference to Exhibit (g)(1) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 25, 2022](https://www.sec.gov/Archives/edgar/data/0001496608/000091957422005249/d9719138_ex99g-1.htm) .

(b) [Amendment to Custody Agreement between the Registrant and State Street Bank and Trust Company dated May 23, 2025, effective May 29, 2025 – Incorporated by reference to Exhibit (g)(2) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on June 6, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425003542/d11820980_ex99g-2.htm)

(10) (a) [Rule 12b-1 Distribution and Service Plan, dated August 5, 2022 – Incorporated by reference to Exhibit (m) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 25, 2022](https://www.sec.gov/Archives/edgar/data/0001496608/000091957422005249/d9450138_ex99-m.htm) .

(b) [Amendment to Rule 12b-1 Distribution and Service Plan, dated August 5, 2022, as amended May 9, 2025 – Incorporated by reference to Exhibit (m)(2) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on June 6, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425003542/d11820933_ex99m-2.htm)

(11) [Opinion and Consent of Seward & Kissel LLP regarding the legality of securities being registered – Incorporated by reference to Exhibit (11) to Registrant's Registration Statement on Form N-14 (File No. 333-289816), filed with the Securities and Exchange Commission on August 22, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425005076/d11527164_ex99-11.htm)

(12) Opinion and Consent
 of Seward & Kissel LLP as to Tax matters – Filed herewith.

(13) (a) [Fund Administration Agreement between the Registrant and State Street Bank and Trust Company dated August 8, 2022 – Incorporated by reference to Exhibit (h)(1) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 25, 2022](https://www.sec.gov/Archives/edgar/data/0001496608/000091957422005249/d9719138_ex99h-1.htm) .

(b) [Amendment to Fund Administration Agreement between the Registrant and State Street Bank and Trust Company dated May 23, 2025, effective May 29, 2025 – Incorporated by reference to Exhibit (h)(2) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on June 6, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425003542/d11820972_ex99h-2.htm) <u> </u> 

(c) [Form of Authorized Participant Agreement – Incorporated by reference to Exhibit (h)(2) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 25, 2022](https://www.sec.gov/Archives/edgar/data/0001496608/000091957422005249/d9719138_ex99h-2.htm) .

(d) [Transfer Agency and Service Agreement between the Registrant and State Street Bank and Trust Company dated August 8, 2022 – Incorporated by reference to Exhibit (h)(3) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 25, 2022](https://www.sec.gov/Archives/edgar/data/0001496608/000091957422005249/d9719138_ex99h-3.htm) .

(e) [Amendment to Transfer Agency and Service Agreement between the Registrant and State Street Bank and Trust Company dated May 23, 2025, effective May 29, 2025 – Incorporated by reference to Exhibit (h)(5) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on June 6, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425003542/d11820989_ex99h-5.htm)

(f) [Form of Acquiring Fund of Funds Investment Agreement – Incorporated by reference to Exhibit (h)(4) to Registrant's Registration Statement on Form N-1A (File Nos. 811-23799 and 333-264818), filed with the Securities and Exchange Commission on August 25, 2022](https://www.sec.gov/Archives/edgar/data/0001496608/000091957422005249/d9719138_ex99h-4.htm) .

(14) [Consent of Independent Registered Public Accounting Firm – Incorporated by reference to Exhibit (14) to Registrant's Registration Statement on Form N-14 (File No. 333-289816), filed with the Securities and Exchange Commission on October 6, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425005978/d11852832_ex-14.htm)

(15) Financial Statements omitted pursuant to Item 14(a)(1). – Not Applicable.

(16) [Powers of Attorney for: Jorge A. Bermudez, Alexander Chaloff, R. Jay Gerken, Jeffrey R. Holland, Jeanette W. Loeb, Carol C. McMullen, Gary L. Moody and Emilie D. Wrapp – Incorporated by reference to Exhibit (16) to Registrant's Registration Statement on Form N-14 (File No. 333-289816), filed with the Securities and Exchange Commission on August 22, 2025.](https://www.sec.gov/Archives/edgar/data/1496608/000091957425005076/d11852832_exh99-16.htm)

(17) Additional Exhibits. – Not Applicable.

---

| | |
|:---|:---|
| <u>ITEM 17.</u> | <u>Undertakings.</u> |
| (1) | The undersigned registrant agrees that prior to any public reoffering of the securities registered through the use of a prospectus which is a part of this registration statement by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c) of the Securities Act 17 CFR 230.145(c), the reoffering prospectus will contain the information called for by the applicable registration form for reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form. |
| (2) | The undersigned registrant agrees that every prospectus that is filed under paragraph (1) above will be filed as a part of an amendment to the registration statement and will not be used until the amendment is effective, and that, in determining any liability under the 1933 Act, each post-effective amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of them. |

---

<u>SIGNATURES</u>

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this Post-Effective Amendment No. 1 to the Registration Statement on Form N-14 to be signed on its behalf by the undersigned, duly authorized, in the City and State of New York, on the 23rd day of March, 2026.

---

| |
|:---|
| &nbsp;&nbsp;AB ACTIVE ETFs, INC. |
| &nbsp;&nbsp;By: <u>/s/ Onur Erzan</u> |
| &nbsp;&nbsp; Onur Erzan |
| &nbsp;&nbsp; President |

---

As required by the Securities Act of 1933, as amended, this Post-Effective Amendment No. 1 to the Registration Statement on Form N-14 has been signed below by the following persons in the capacities and on the dates indicated:

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;<u>Signature</u> | &nbsp;&nbsp;<u>Title</u> | &nbsp;&nbsp;<u>Date</u> |
| &nbsp;&nbsp;1) | &nbsp;&nbsp;Principal Executive Officer: |  |  |
|  | &nbsp;&nbsp;<u>/s/ Onur Erzan</u> | &nbsp;&nbsp;President and Chief | &nbsp;&nbsp; March 23, 2026 |
|  | &nbsp;&nbsp; Onur Erzan | &nbsp;&nbsp;Executive Officer |  |
| &nbsp;&nbsp;2) | &nbsp;&nbsp;Principal Financial and |  |  |
|  | &nbsp;&nbsp;Accounting Officer: |  |  |
|  | &nbsp;&nbsp;<u>/s/ Stephen M. Woetzel</u> | &nbsp;&nbsp;Principal Accounting | &nbsp;&nbsp; March 23, 2026 |
|  | &nbsp;&nbsp; Stephen M. Woetzel | &nbsp;&nbsp;Officer, Treasurer and |  |
|  |  | &nbsp;&nbsp;Chief Financial Officer |  |
| &nbsp;&nbsp;3) | &nbsp;&nbsp;All of the Directors: |  |  |
|  | &nbsp;&nbsp;Jorge A. Bermudez\* |  |  |
|  | &nbsp;&nbsp;Alexander Chaloff\* |  |  |
|  | &nbsp;&nbsp;R. Jay Gerken\* |  |  |
|  | &nbsp;&nbsp;Jeffrey R. Holland\* |  |  |
|  | &nbsp;&nbsp;Jeanette W. Loeb\* |  |  |
|  | &nbsp;&nbsp;Carol C. McMullen\* |  |  |
|  | &nbsp;&nbsp;Garry L. Moody\* |  |  |
|  | &nbsp;&nbsp;Emilie D. Wrapp\* |  |  |
|  | &nbsp;&nbsp;\*By: <u>/s/ Nancy E. Hay</u> |  | &nbsp;&nbsp; March 23, 2026 |
|  | &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;Nancy E. Hay |  |  |
|  | &nbsp;&nbsp; (Attorney-in-fact) |  |  |

---

<u><br> Index to Exhibits</u>

<u>Exhibit No</u>. <u>Description of Exhibits</u> <br>(12) [Opinion and Consent of Seward & Kissel LLP as to Tax matters](d11957020_ex-12.htm)

## Ex-12

Exhibit (12)

---

| | | |
|:---|:---|:---|
|  | **Seward & Kissel llp**<br> 901 K STREET, N.W.<br> WASHINGTON, D.C. 20001 |  |
| WRITER'S DIRECT DIAL: | TELEPHONE: (202) 737-8833<br> FACSIMILE: (202) 737-5184<br> WWW.SEWKIS.COM | ONE BATTERY PARK PLAZA<br> NEW YORK, NEW YORK 10004<br> TELEPHONE: (212) 574-1200<br> FACSIMILE: (212) 480-8421 |

---

January 23, 2026

AB Active ETFs, Inc. – AB Emerging Markets Opportunities ETF<br> 66 Hudson Boulevard East, 26<sup>th</sup> Floor

New York, New York 10001

Sanford C. Bernstein Fund, Inc. – Emerging Markets Portfolio

66 Hudson Boulevard East, 26<sup>th</sup> Floor

New York, New York 10001

Re: Acquisition of the Assets and Assumption of the <br> Liabilities of the Emerging Markets Portfolio by AB Emerging <br> <u>Markets Opportunities ETF</u>

Ladies and Gentlemen:

**I.** **<u>Introduction</u>**

We have acted as counsel to Emerging Markets Portfolio, a series of Sanford C. Bernstein Fund, Inc., a Maryland corporation (the "Acquired Fund"), and AB Emerging Markets Opportunities ETF, a series of AB Active ETFs, Inc., a Maryland corporation (the "Acquirer"), in connection with the acquisition provided for in the Agreement and Plan of Acquisition and Termination among Acquired Fund, Acquirer and AllianceBernstein L.P. (the "Adviser"), dated as of August 6, 2025 (the plan of acquisition, the "Plan" and the acquisition itself, the "Acquisition"). Pursuant to Section 7(d) of the Plan, Acquired Fund and Acquirer have requested our opinion as to certain of the United States federal income tax consequences to Acquirer, Acquired Fund and the shareholders of Acquired Fund ("Acquired Fund Shareholders") in connection with the Acquisition. Each capitalized term not defined herein has the meaning ascribed to that term in the Plan.

AB Active ETFs, Inc. – AB Emerging Markets Opportunities ETF

Sanford C. Bernstein Fund, Inc. – Emerging Markets Portfolio

January 23, 2026

**II.** **<u>Relevant Facts</u>**

The Acquired Fund and Acquirer each are a series of an open-end management investment company registered with the Securities and Exchange Commission (the "SEC") under the Investment Company Act of 1940, as amended (the "Act"). Acquirer operates as an exchange-traded fund ("ETF") in accordance with the requirements of Rule 6c-11 under the Act.

The Plan and the Acquisition have been approved by the Board of Directors of Acquired Fund and the Board of Directors of Acquirer. The terms and conditions of the Acquisition are set forth in the Plan.

Pursuant to the Plan, Acquired Fund will transfer all of its Assets to Acquirer in exchange for shares of common stock of Acquirer ("Acquirer Shares") and the assumption by Acquirer of all the Liabilities of Acquired Fund existing at the Effective Time of the Acquisition. At the Closing Date or as soon as reasonably practicable thereafter, Acquired Fund will liquidate and distribute all of the Acquirer Shares that it received in connection with the Acquisition plus cash received in lieu of fractional shares to those then former Acquired Fund Shareholders in exchange for all of the then outstanding shares of Acquired Fund ("Acquired Fund Shares"). Upon completion of the Acquisition, each such former Acquired Fund Shareholder will be the owner of Acquirer Shares and cash received in lieu of fractional shares equal in net asset value as of the Closing Date to the net asset value of the Acquired Fund Shares such shareholder held prior to the Acquisition.<sup>1</sup> Pursuant to the Plan, the expenses of Acquired Fund relating to the Acquisition shall be borne by Acquired Fund, and the expenses of Acquirer relating to the Acquisition will be borne by the Adviser pursuant to a separate existing agreement between Acquirer and the Adviser.

The stated investment objective of Acquirer is to seek long-term growth of capital. To achieve this objective, Acquirer invests, under normal circumstances, at least eighty percent (80%) of its net assets in equity securities of issuers that are economically tied to emerging markets, where "emerging markets" are countries considered to be developing countries by the international financial community and include, but are not limited to, those countries included in an emerging or frontier markets index by a recognized index provider, such as the Morgan Stanley Capital International ("MSCI") Emerging Markets Index. Acquirer pursues this strategy by investing in a portfolio managed and constructed by a single team, using its own distinct process and philosophy (the "EMOP strategy").

The stated investment objective of Acquired Fund is to provide long-term capital growth through investments in equity securities of companies in emerging-market countries. Acquired Fund's portfolio is currently comprised of three distinct investment styles: the EMOP Strategy (the strategy currently being executed by Acquirer), Emerging Markets Value and Emerging Markets Growth. To achieve its objective, Acquired Fund invests, under normal circumstances, at least eighty percent (80%) of its net assets in securities of companies in emerging markets. Issuers of such securities may be large-, mid-, or small-capitalization companies. The Adviser determines which countries are emerging-market countries, and in general, these are the countries considered to be developing countries by the international financial community and include those countries considered by MSCI to have an "emerging or frontier stock market."

<sup>1</sup>A small number of Acquired Fund Shares will be redeemed for cash in advance of the Acquisition because they cannot hold shares of an ETF in their brokerage account.

AB Active ETFs, Inc. – AB Emerging Markets Opportunities ETF

Sanford C. Bernstein Fund, Inc. – Emerging Markets Portfolio

January 23, 2026

Acquired Fund combines multiple distinct style-focused investment strategies (the EMOP Strategy, Emerging Markets Value and Emerging Markets Growth), supported by research from across multiple teams, to construct a diversified and style-balanced, core portfolio.

For regulatory and other non-tax reasons, Acquired Fund is expected to dispose of up to approximately 42% of its securities holdings prior to the Acquisition. Approximately 16% of those securities holdings are expected to be reacquired by Acquirer shortly after the Acquisition.

In rendering the opinions set forth below, we have examined the Registration Statement on Form N-14 of Acquirer relating to the Acquisition and such other documents and materials as we have deemed relevant. For purposes of rendering our opinions, we have relied exclusively, as to factual matters, upon the statements made in that Registration Statement and, with your approval, upon the following assumptions the correctness of each of which have been verified (or appropriately represented) to us by officers of Acquired Fund and Acquirer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Each of Acquired Fund and Acquirer: (a) is a "fund" (as defined in Section 851(g)(2) of the United States Internal Revenue Code of 1986, as amended (the "Code")); (b) has qualified for treatment as a regulated investment company under Part I of Subchapter M of Subtitle A, Chapter 1, of the Code (a "RIC") for each taxable year since the commencement of its operations and qualifies for treatment as a RIC during its current taxable year which includes the Effective Time; (c) will invest its assets at all times through the Effective Time in a manner that ensures compliance with the foregoing; and (d) has no earnings and profits accumulated in any taxable year in which it did not qualify as a RIC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Adviser will operate the business of Acquired Fund in the ordinary course between the date of the Plan and the Effective Time, including the declaration and payment of customary dividends and other distributions and any other distributions deemed advisable in anticipation of the Acquisition. From the date it commenced operations through the Effective Time, Acquired Fund will conduct its "historic business" (within the meaning of Section 1.368-1(d)(2) of the Treasury Regulations) in a substantially unchanged manner, provided, however, that Acquired Fund may dispose of certain securities for regulatory reasons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Following the Acquisition, Acquirer will continue in the same business as it conducted prior to the Acquisition and will continue to invest its assets in accordance with the description of its investment activities set forth in its prospectus. Immediately prior to the Acquisition, (1) Acquired Fund pursues, among other strategies, an EMOP strategy and (2) Acquirer pursues an EMOP strategy. Acquirer will continue to invest a portion of its assets in accordance with the EMOP strategy after the Acquisition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The Acquired Fund Shareholders will not receive consideration pursuant to the Acquisition other than Acquirer Shares and cash received in lieu of fractional shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) The Acquired Fund Shareholders will pay any expenses incurred by them in connection with the Acquisition.

AB Active ETFs, Inc. – AB Emerging Markets Opportunities ETF

Sanford C. Bernstein Fund, Inc. – Emerging Markets Portfolio

January 23, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) The Liabilities of Acquired Fund to be assumed by Acquirer in the Acquisition have been incurred in the ordinary course of business of Acquired Fund or incurred by Acquired Fund solely and directly in connection with the Acquisition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) During the five-year period ending at the Effective Time, (a) neither Acquired Fund nor any person "related" (within the meaning of Section 1.368-1(e)(3) of the Treasury Regulations) to it will have acquired Acquired Fund Shares, either directly or through any transaction, agreement, or arrangement with any other person, with consideration other than Acquirer Shares or Acquired Fund Shares, except for Acquired Fund Shares redeemed in the ordinary course of Acquired Fund's business as an open-end investment company as required by Section 22(e) of the Act, and (b) no distributions will have been made with respect to Acquired Fund Shares, other than normal, regular dividend distributions made pursuant to Acquired Fund's historic dividend-paying practice and other distributions that qualify for the deduction for dividends paid (within the meaning of Section 561 of the Code) referred to in Sections 852(a)(1) and 4982(c)(1)(A) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) Acquirer has no plan or intention to issue additional Acquirer Shares following the Acquisition, except for Acquirer Shares issued in the ordinary course of its business as an open-end investment company operating as an ETF. Neither Acquirer nor any person "related" (within the meaning of Section 1.368-1(e)(3) of the Treasury Regulations) to it has any plan or intention to acquire, during the five-year period beginning at the Effective Time, either directly or through any transaction, agreement, or arrangement with any other person, any Acquirer Shares issued to the Acquired Fund Shareholders pursuant to the Acquisition, except for redemptions in the ordinary course of such business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) During the five-year period ending at the Effective Time, neither Acquirer nor any person "related" (within the meaning of Section 1.368-1(e)(3) of the Treasury Regulations) to it will have acquired Acquired Fund Shares with consideration other than Acquirer Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) Without limiting the effect of paragraphs 7, 8 and 9 above, the aggregate value of the acquisitions, redemptions and distributions described in such paragraphs will not exceed fifty percent (50%) of the aggregate value (without giving effect to such acquisitions, redemptions, and distributions) of all of the equity securities issued by Acquired Fund at the Effective Time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) There is no plan or intention of the Acquired Fund Shareholders to redeem, sell or otherwise dispose of (i) any portion of their Acquired Fund Shares before the Acquisition to any person "related" (within the meaning of Section 1.368-1(e)(3) of the Treasury Regulations) to either Acquired Fund or Acquirer or (ii) any portion of the Acquirer Shares they receive in the Acquisition to any person "related" (within such meaning) to Acquirer.

AB Active ETFs, Inc. – AB Emerging Markets Opportunities ETF

Sanford C. Bernstein Fund, Inc. – Emerging Markets Portfolio

January 23, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) It is not anticipated that dispositions of those Acquirer Shares at the time of, or immediately after, the Acquisition will exceed the usual rate and frequency of dispositions of Acquired Fund Shares as an open-end investment company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) It is expected that the percentage of Acquired Fund Shares, if any, that will be disposed of as a result of, or at the time of, the Acquisition will be *de minimis* and that there will be no extraordinary redemptions of Acquired Fund Shares immediately following the Acquisition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12) The fair market value of the Assets of Acquired Fund transferred to Acquirer will equal or exceed the sum of (a) the amount of Liabilities of Acquired Fund assumed by Acquirer, and (b) the amount of Liabilities, if any, to which the transferred Assets are subject.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13) There are no pending or threatened claims or assessments that have been asserted by or against Acquired Fund, other than any disclosed and reflected in the net asset value of Acquired Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14) There are no unasserted claims or assessments against Acquired Fund that are probable of assertion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15) There is no plan or intention for Acquirer to be dissolved or merged into another business trust or a corporation or any "fund" thereof (as defined in Section 851(g)(2) of the Code) following the Acquisition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16) At no time during the five-year period ending at the Effective Time has Acquirer directly or indirectly owned any Acquired Fund Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17) The fair market value of the Acquirer Shares and cash received in lieu of fractional shares each Acquired Fund Shareholder receives in connection with the Acquisition will be approximately equal to the fair market value of the Acquired Fund Shares it surrenders in exchange therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18) Pursuant to the Acquisition, Acquired Fund will transfer to Acquirer, and Acquirer will acquire, at least ninety percent (90%) of the fair market value of the net assets, and at least seventy percent (70%) of the fair market value of the gross assets, that Acquired Fund held immediately before the Acquisition. For purposes of the foregoing, any amounts Acquired Fund uses to pay its Acquisition expenses and to make redemptions and distributions immediately before the Acquisition (except (a) redemptions in the ordinary course of its business, and (b) regular, normal dividend distributions made to conform to its policy of distributing all or substantially all of its income and gains to avoid the obligation to pay United States federal income tax and/or the excise tax under Section 4982 of the Code) will be included as Assets held thereby immediately before the Acquisition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19) There is no intercompany indebtedness between Acquirer and Acquired Fund that was issued, acquired, or will be settled, at a discount.

AB Active ETFs, Inc. – AB Emerging Markets Opportunities ETF

Sanford C. Bernstein Fund, Inc. – Emerging Markets Portfolio

January 23, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20) The sum of (a) the expenses incurred by Acquired Fund pursuant to the Plan and (b) the Liabilities of Acquired Fund to be assumed by Acquirer in the Acquisition will not exceed twenty percent (20%) of the fair market value of the assets of Acquired Fund transferred to Acquirer pursuant to the Acquisition.

**III.** **<u>Relevant Law</u>**

A corporation which is a "party to a reorganization" will not recognize gain or loss if it exchanges property pursuant to a plan of reorganization solely for stock or securities of another corporation which is a party to the reorganization.<sup>2</sup> Likewise, the shareholders of a corporation will not recognize gain or loss if they exchange stock or securities of a corporation which is a party to a reorganization solely for stock or securities in such corporation or another corporation which is a party to the reorganization in pursuant of the plan of reorganization.<sup>3</sup>

In order to be a treated as a "reorganization," a transaction must satisfy certain statutory requirements contained in Code Section 368 as well as certain regulatory requirements contained in the Treasury Regulations thereunder.

Code Section 368(a)(1)(C) provides that a "reorganization" includes the acquisition by one corporation in exchange solely for all or a part of its voting stock of substantially all of the properties of another corporation. Code Section 368(a)(2)(F) provides that two or more investment companies may engage in a "reorganization" only if each of them is either a RIC, a real estate investment trust or meets certain diversification requirements.

In addition to the statutory language of Code Section 368, there are two significant non-statutory requirements for a reorganization: the continuity of interest ("COI") requirement, and the continuity of business enterprise ("COBE") requirement.<sup>4</sup>

In order to satisfy the COI requirement, "a substantial part of the value of the proprietary interests in the target corporation [must] be preserved."<sup>5</sup> This is accomplished "if, in a potential reorganization, [a proprietary interest in the target corporation] is exchanged for a proprietary interest in the issuing corporation…"<sup>6</sup> For this purpose, a proprietary interest in the target corporation is not preserved if persons related to the acquiring corporation acquire stock of the target corporation for consideration other than stock of the acquiring corporation.<sup>7</sup>

In order to satisfy the COBE requirement, a reorganization may satisfy either the "historic business test" or the "historic asset test." Under the "historic business test," an acquiring corporation can establish COBE if it either (i) continues the target's historic business, or (ii)

<sup>2</sup> Code § 361.

<sup>3</sup> Code § 354.

<sup>4</sup> Treas. Reg. § 1.368-1(b).

<sup>5</sup> Treas. Reg. § 1.368-1(e)(1)(i).

<sup>6</sup> Id.

<sup>7</sup> Treas. Reg. § 1.368-1(e)(3).

AB Active ETFs, Inc. – AB Emerging Markets Opportunities ETF

Sanford C. Bernstein Fund, Inc. – Emerging Markets Portfolio

January 23, 2026

continues any significant historic line of business of the target if the target has more than one line of business. For this purpose, a line of business entered into as part of the plan of reorganization is not a historic business. Under the "historic asset test," an acquiring corporation can establish asset continuity if it uses a "significant" portion of the target's historic business assets in a business. "Historic business assets" may include stock, securities, or intangible operating assets if they are used in the target's historic business.<sup>8</sup>

In interpreting the "historic business test" in the case of a reorganization involving a RIC, the Internal Revenue Service has held that a corporation engaged in the business of investing in a portfolio of corporate stocks and bonds was not in the same business as a diversified open-end RIC investing in high-grade municipal bonds.<sup>9</sup>

The Acquisition will be a transfer of substantially all of the Assets of Acquired Fund to Acquirer, each of which is a corporation, in exchange solely for Acquirer Shares and cash received in lieu fractional shares, which shares and cash will then be distributed to Acquired Fund Shareholders pursuant to the liquidation of Acquired Fund. Therefore, the Acquisition will satisfy the statutory language of Section 368(a)(1)(C) to be treated as a "reorganization."

Since each of Acquired Fund and Acquirer is a RIC, the Acquisition will satisfy the statutory language of Section 368(a)(2)(F) to be treated as a "reorganization."

Based upon the representations made above with respect to acquisitions of Acquired Fund Shares by persons "related" to Acquirer, each Acquired Fund Shareholder will receive Acquirer Shares as a result of the Acquisition. Therefore, the Acquisition will satisfy the COI requirement.

Acquired Fund and Acquirer are each historically engaged in the business of investing in equity securities of emerging market issuers, specifically "emerging markets" identified by the Morgan Stanley Capital International index or other recognized index providers. In addition, each of Acquired Fund and Acquirer pursues a strategy that focuses on generating long-term capital growth.

Although each of Acquired Fund and Acquirer pursues an emerging markets investment strategy, each does so in a somewhat different manner. While both Acquired Fund and Acquirer are "core" strategies from a style standpoint and ultimately pursue similar objectives, they currently take different approaches to do so. As noted above, Acquired Fund combines multiple distinct style-focused investment strategies (EMOP Strategy, Emerging Markets Value and Emerging Markets Growth), supported by research from across multiple teams, to construct a diversified and style-balanced, core portfolio. In contrast, Acquirer invests in a portfolio managed and constructed separately by a single team, using its own distinct process and philosophy (the EMOP strategy). Acquired Fund is also designed to have higher turnover and to have a larger

<sup>8</sup>Treas. Reg. § 1.368-1(d)(1)-(3).

<sup>9</sup>Rev. Rul. 87-76, 1987-2 C.B. 84.

AB Active ETFs, Inc. – AB Emerging Markets Opportunities ETF

Sanford C. Bernstein Fund, Inc. – Emerging Markets Portfolio

January 23, 2026

number of holdings (130-180 names) than the more concentrated portfolio holdings of Acquirer (50-70 names). Acquired Fund typically invests in more than 20 countries – the breadth of its investment universe requires significant research support, with analysts supporting its investments (drawn from the growth, value and emerging markets equities analyst teams). In addition, Acquirer is not currently expected to hedge or actively manage its currency exposure (although it will have the ability to do so), while Acquired Fund engages in currency hedging to mitigate risk. Acquired Fund may at times have large country overweights and underweights versus the benchmark, and currency hedging is implemented to reduce these country-specific currency risks. Acquirer's country overweights and underweights versus its benchmark would be more limited (typically +/- 5%), thereby limiting country-specific currency risk relative to the benchmark.

In order to satisfy the COBE requirement, either the "historic business" or "historic asset" requirement can be satisfied. The "historic business" requirement can be satisfied if an acquirer continues any significant historic line of business of the acquired entity if the acquired entity has more than one line of business. As noted above, each of Acquired Fund and Acquirer are in the business of investing in emerging market equity securities, although they have somewhat different styles of doing so. Based upon the above, we believe that Acquired Fund and Acquirer are engaged in the same historic business of investing in equity securities of emerging markets and Acquirer will continue to pursue this historic business after the Acquisition. Even if the businesses are defined more narrowly based on the style of investment<sup>10</sup>, we note that Acquirer and Acquired Fund each utilize an EMOP strategy to invest in emerging markets. Acquirer has represented that it will continue that strategy for a portion of its assets after the Acquisition. As noted above, any significant historic line of business of the acquired entity can suffice for COBE purposes if the acquired entity has more than one line of business. Therefore, in our view, the Acquisition will satisfy the "historic business test" of the COBE requirement for a "reorganization."

**IV.** **<u>Opinions</u>**

Based upon the foregoing and upon our consideration of the Code, the Treasury Regulations promulgated under the Code, published Revenue Rulings, Revenue Procedures and other published pronouncements of the Internal Revenue Service, the published opinions of the United States Tax Court and other United States federal courts, and such other authorities as we consider relevant, each as they exist as of the date hereof, we are of the opinion that, for United States federal income tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Acquisition will constitute a "reorganization" within the meaning of Section 368(a) of the Code, and Acquirer and Acquired Fund will each be a "party to a reorganization" within the meaning of Section 368(b) of the Code.

<sup>10</sup> We note that there is no precedent for so narrowly defining a line of business for COBE purposes

AB Active ETFs, Inc. – AB Emerging Markets Opportunities ETF

Sanford C. Bernstein Fund, Inc. – Emerging Markets Portfolio

January 23, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Acquired Fund Shareholders will not recognize any gain or loss on the exchange of Acquired Fund Shares for the Acquirer Shares, except with respect to cash received in lieu of fractional shares, if any, in connection with the Acquisition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Neither Acquired Fund nor Acquirer will recognize any gain or loss upon the transfer by Acquired Fund of all of its Assets to Acquirer solely in exchange for Acquirer Shares and the assumption by Acquirer of the Liabilities pursuant to the Plan or upon the distribution of Acquirer Shares to Acquired Fund Shareholders in exchange for their respective Acquired Fund Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The holding period and aggregate tax basis of the Assets acquired by Acquirer will be the same as the holding period and aggregate tax basis that Acquired Fund had in the Assets immediately prior to the Acquisition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) The aggregate tax basis of Acquirer Shares received in connection with the Acquisition by each Acquired Fund Shareholders will be the same as the aggregate tax basis of the Acquired Fund Shares surrendered in exchange therefore decreased by any cash received and increased by any gain recognized on the exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) The holding period for Acquirer Shares that the Acquired Fund Shareholder receives pursuant to the Acquisition will include the holding period for the Acquired Fund Shares the shareholder holds immediately before the Acquisition, provided that the shareholder holds the shares as capital assets at the time of the Acquisition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) Acquirer will succeed to the capital loss carryovers of Acquired Fund, if any, under Section 381 of the Code, but Acquirer's use of any such capital loss carryovers (and of any capital loss carryovers of Acquirer) may be subject to limitation under Section 383 of the Code.

Notwithstanding the above, we express no view with respect to the effect of the transaction on any transferred asset as to which any unrealized gain or loss is required to be recognized at the end of a taxable year (or on the termination or transfer thereof) under United States federal income tax principles. In addition, this opinion does not address the United States federal income tax consequences to the Acquired Fund or an Acquired Fund Shareholder of the disposition by the Acquired Fund of any securities prior to the Acquisition.

Because our opinion is based upon current law, no assurance can be given that existing United States federal income tax laws will not be changed by future legislative or administrative or judicial interpretation, any of which could affect the opinion expressed above. This opinion is provided to you in connection with the Acquisition. This opinion may not be quoted or relied upon by any other person or entity, or for any other purpose, without our prior written consent.

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|  Very truly yours, |
| &nbsp;&nbsp;/s/ Seward & Kissel LLP |

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