PURCHASED CHF / SOLD USD

HTML

AB Active ETFs, Inc.

AB International Low Volatility Equity ETF

Portfolio of Investments

February 28, 2026 (unaudited)


Company	Shares		U.S. $ Value

COMMON STOCKS – 98.5%
Financials – 28.6%
Banks – 16.4%
AIB Group PLC		2,634,559	$	27,529,027
Bank Leumi Le-Israel BM		786,054		18,996,064
BAWAG Group AG^(a)		151,258		23,573,928
KBC Group NV		194,290		26,334,920
Mitsubishi UFJ Financial Group, Inc.		1,340,900		25,495,351
NatWest Group PLC		2,846,100		23,685,645
Nordea Bank Abp		1,315,035		25,578,951
Oversea-Chinese Banking Corp., Ltd.		1,745,080		29,566,402
Royal Bank of Canada		71,237		11,912,617
Sumitomo Mitsui Financial Group, Inc.		676,200		25,973,876
Toronto-Dominion Bank (The)		223,617		21,787,020
UniCredit SpA		296,647		25,361,689

				285,795,490


Capital Markets – 4.3%
Euronext NV^(a)		192,717		31,855,742
IG Group Holdings PLC		1,229,059		21,497,821
London Stock Exchange Group PLC		60,195		7,170,320
Singapore Exchange Ltd.		1,023,800		14,731,518

				75,255,401


Insurance – 7.9%
AIA Group Ltd. - Class H		1,704,600		18,915,424
AXA SA		573,484		28,073,093
Beazley PLC		500,125		8,519,215
Medibank Pvt. Ltd.		4,621,719		14,426,270
NN Group NV		355,488		29,086,927
Phoenix Financial Ltd.		200,286		10,220,792
Tryg A/S		1,119,914		27,714,686

				136,956,407

				498,007,298


Industrials – 19.0%
Aerospace & Defense – 4.0%
BAE Systems PLC		1,407,823		39,974,807
Safran SA		74,559		29,930,823

				69,905,630


Construction & Engineering – 2.3%
Stantec, Inc.		232,397		21,521,238
Vinci SA		114,797		19,077,375

				40,598,613


Electrical Equipment – 5.3%
ABB Ltd. (REG)		284,738		26,591,097
Prysmian SpA		224,105		27,121,586
Schneider Electric SE		117,371		38,345,078

				92,057,761


Industrial Conglomerates – 0.6%
Hitachi Ltd.		294,500		9,857,851


Company	Shares		U.S. $ Value

Machinery – 1.2%
Weir Group PLC (The)		458,125	$	21,692,907


Passenger Airlines – 1.0%
Ryanair Holdings PLC		538,479		17,433,151


Professional Services – 2.7%
Persol Holdings Co., Ltd.		9,730,432		15,568,691
RELX PLC		662,498		23,015,557
Wolters Kluwer NV		93,760		7,538,838

				46,123,086


Trading Companies & Distributors – 1.9%
BOC Aviation Ltd. - Class H^(a)		1,994,100		22,204,395
Bunzl PLC		363,880		10,733,447

				32,937,842

				330,606,841


Consumer Discretionary – 11.4%
Automobiles – 0.6%
Honda Motor Co., Ltd.^(b)		1,066,000		10,818,748


Broadline Retail – 1.0%
Canadian Tire Corp., Ltd. - Class A^(b)		126,730		17,778,532


Diversified Consumer Services – 1.1%
Pearson PLC		1,395,612		18,009,010


Hotels, Restaurants & Leisure – 3.9%
Amadeus IT Group SA		216,999		13,512,556
Aristocrat Leisure Ltd.		533,820		18,290,926
Compass Group PLC		698,240		21,384,685
Lottomatica Group SpA		612,738		14,859,867

				68,048,034


Household Durables – 3.2%
Open House Group Co., Ltd.		426,600		31,614,168
Sony Group Corp.		1,053,600		24,584,563

				56,198,731


Specialty Retail – 1.6%
Industria de Diseno Textil SA		411,120		27,580,968

				198,434,023


Consumer Staples – 9.8%
Consumer Staples Distribution & Retail – 2.6%
Koninklijke Ahold Delhaize NV		236,506		11,663,968
Tesco PLC		5,274,330		34,079,677

				45,743,645


Food Products – 4.1%
Danone SA		217,418		18,647,087
Glanbia PLC		663,604		13,711,555
Kerry Group PLC - Class A		146,516		13,026,259
Salmar ASA		98,633		5,899,276
Toyo Suisan Kaisha Ltd.		251,100		19,774,376

				71,058,553


Company	Shares		U.S. $ Value

Household Products – 0.9%
Reckitt Benckiser Group PLC		178,282	$	15,608,684


Tobacco – 2.2%
British American Tobacco PLC		398,237		24,842,998
Philip Morris International, Inc.		73,529		13,737,423

				38,580,421

				170,991,303


Health Care – 9.4%
Health Care Providers & Services – 1.0%
Fresenius SE & Co. KGaA		167,039		10,038,650
Galenica AG^{(a) (c)}		64,458		8,054,631

				18,093,281


Pharmaceuticals – 8.4%
AstraZeneca PLC		173,678		36,290,765
Chugai Pharmaceutical Co., Ltd.		264,100		17,685,608
Haleon PLC		2,501,502		13,644,269
Novartis AG (REG)		177,220		30,072,440
Novo Nordisk A/S - Class B		91,177		3,427,783
Roche Holding AG		63,532		30,318,242
Takeda Pharmaceutical Co., Ltd.		397,000		14,796,752

				146,235,859

				164,329,140


Information Technology – 8.0%
IT Services – 1.8%
BIPROGY, Inc.		337,100		10,249,567
Nomura Research Institute Ltd.		245,800		6,875,315
Obic Co., Ltd.^(b)		544,711		14,653,555

				31,778,437


Semiconductors & Semiconductor Equipment – 4.1%
ASML Holding NV		19,856		28,915,811
Taiwan Semiconductor Manufacturing Co., Ltd.		655,000		41,867,450

				70,783,261


Software – 2.1%
Nice Ltd.^(c)		81,854		9,267,919
SAP SE		133,779		27,003,628

				36,271,547

				138,833,245


Communication Services – 3.5%
Diversified Telecommunication Services – 1.9%
HKT Trust & HKT Ltd. - Class H		9,809,000		15,474,398
Koninklijke KPN NV		3,200,807		18,143,909

				33,618,307


Interactive Media & Services – 0.4%
Autotrader Group PLC		997,318		6,609,017


Company	Shares		U.S. $ Value

Media – 1.2%
Informa PLC		1,869,156	$	21,063,843

				61,291,167


Utilities – 3.4%
Electric Utilities – 1.7%
Enel SpA		2,470,887		29,739,741


Multi-Utilities – 1.7%
National Grid PLC		1,591,623		29,765,401

				59,505,142


Energy – 2.9%
Oil, Gas & Consumable Fuels – 2.9%
ENEOS Holdings, Inc.		1,179,600		11,242,561
Shell PLC		544,543		22,501,414
TotalEnergies SE		212,410		16,873,322

				50,617,297


Real Estate – 1.7%
Real Estate Management & Development – 1.7%
Mitsui Fudosan Co., Ltd.		2,170,000		29,278,495


Materials – 0.8%
Metals & Mining – 0.8%
Rio Tinto Ltd.^(b)		120,030		14,313,308


Total Common Stocks (cost $1,306,113,121)				1,716,207,259


WARRANTS – 0.0%
Information Technology – 0.0%
Software – 0.0%
Constellation Software, Inc./Canada, expiring 03/31/2040^{(c) (d) (e)} (cost $0)		9,807		0


SHORT-TERM INVESTMENTS – 0.9%
Investment Companies – 0.9%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 3.53%^{(f) (g) (h)} (cost $16,556,871)		16,556,871		16,556,871


Total Investments Before Security Lending Collateral for Securities Loaned – 99.4% (cost $1,322,669,992)				1,732,764,130


INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%
Investment Companies – 0.6%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 3.53%^{(f) (g) (h)} (cost $10,751,360)		10,751,360		10,751,360


Total Investments – 100.0% (cost $1,333,421,352)⁽ⁱ⁾				1,743,515,490
Other assets less liabilities – 0.0%				(798,539	)


Net Assets – 100.0%			$	1,742,716,951

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Bank of America NA		ILS	12,079		USD	3,912		03/12/2026		$	58,874
Bank of America NA		USD	136,819		JPY	21,480,912		04/10/2026			1,219,417
Bank of America NA		USD	5,276		JPY	814,022		04/10/2026			(44,656	)
Bank of America NA		EUR	3,408		USD	4,032		04/16/2026			(16	)
Bank of America NA		USD	5,946		EUR	5,018		04/16/2026			(8,974	)
Bank of America NA		NOK	26,841		USD	2,809		04/23/2026			(11,398	)
Bank of America NA		TWD	977,690		USD	30,967		04/24/2026			(251,863	)
Bank of New York (The)		USD	10,446		CAD	14,241		04/17/2026			16,309
Bank of New York (The)		SGD	51,848		USD	41,073		04/24/2026			(68,928	)
Deutsche Bank AG		ILS	5,353		USD	1,734		03/12/2026			26,700
Morgan Stanley Bank NA		ILS	50,106		USD	15,645		03/12/2026			(336,910	)
Morgan Stanley Bank NA		JPY	2,789,604		USD	18,139		04/10/2026			212,723
Morgan Stanley Bank NA		JPY	712,231		USD	4,564		04/10/2026			(12,844	)
Morgan Stanley Bank NA		USD	14,619		JPY	2,278,411		04/10/2026			22,263
Morgan Stanley Bank NA		USD	25,932		JPY	3,988,434		04/10/2026			(302,205	)
Morgan Stanley Bank NA		EUR	12,589		USD	14,971		04/16/2026			75,198
Morgan Stanley Bank NA		USD	4,960		CHF	3,823		04/16/2026			34,406
Morgan Stanley Bank NA		USD	66,077		CHF	50,205		04/16/2026			(483,768	)
Morgan Stanley Bank NA		USD	4,870		EUR	4,126		04/16/2026			11,931
Morgan Stanley Bank NA		USD	41,496		EUR	34,599		04/16/2026			(558,675	)
Morgan Stanley Bank NA		USD	5,303		AUD	7,476		04/22/2026			23,712
Morgan Stanley Bank NA		USD	7,271		NOK	69,097		04/23/2026			(9,822	)
Morgan Stanley Bank NA		USD	4,166		SEK	37,654		04/23/2026			18,977
Morgan Stanley Bank NA		TWD	150,386		USD	4,773		04/24/2026			(28,687	)
NatWest Markets PLC		JPY	3,494,160		USD	22,700		04/10/2026			246,588
NatWest Markets PLC		CHF	3,723		USD	4,866		04/16/2026			2,077
NatWest Markets PLC		EUR	6,762		USD	8,041		04/16/2026			40,532
NatWest Markets PLC		USD	4,775		EUR	3,978		04/16/2026			(68,152	)
NatWest Markets PLC		CAD	6,487		USD	4,750		04/17/2026			(15,972	)
Standard Chartered Bank		JPY	749,528		USD	4,838		04/10/2026			21,477
Standard Chartered Bank		GBP	110,855		USD	149,807		04/24/2026			743,360
State Street Bank & Trust Co.		JPY	542,089		USD	3,543		04/10/2026			59,038
State Street Bank & Trust Co.		EUR	4,395		USD	5,234		04/16/2026			34,538
State Street Bank & Trust Co.		USD	4,505		CHF	3,455		04/16/2026			9,032
State Street Bank & Trust Co.		CAD	107,731		USD	79,159		04/17/2026			16,205
State Street Bank & Trust Co.		USD	3,899		CAD	5,296		04/17/2026			(8,139	)
State Street Bank & Trust Co.		USD	68,895		AUD	99,311		04/22/2026			1,863,067
State Street Bank & Trust Co.		USD	26,954		SEK	239,808		04/23/2026			(303,802	)

										$	2,241,613

(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 $85,688,696 or 4.9% of net assets.

(b)

Represents entire or partial securities out on loan.

(c)

Non-income producing security.

(d)

Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(e)

Fair valued by the Adviser.

(f)

The rate shown represents the 7-day yield as of period end.

(g)

Affiliated investments.

(h)

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.

(i)

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 $432,042,682 and gross unrealized depreciation of investments was $(19,706,931), resulting in net unrealized appreciation of $412,335,751.

Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard & Poor’s. The components are divided into sector, industry group, and industry sub-indices as classified by the GICS for each of the market capitalization indices in the broad market.

Currency Abbreviations:

AUD – Australian Dollar

CAD – Canadian Dollar

CHF – Swiss Franc

EUR – Euro

GBP – Great British Pound

ILS – Israeli Shekel

JPY – Japanese Yen

NOK – Norwegian Krone

SEK – Swedish Krona

SGD – Singapore Dollar

TWD – New Taiwan Dollar

USD – United States Dollar

Glossary:

REG – Registered Shares

COUNTRY BREAKDOWN*

February 28, 2026 (unaudited)


22.3	%	United Kingdom
15.5	%	Japan
7.3	%	Netherlands
6.6	%	Italy
6.5	%	France
5.5	%	United States
4.2	%	Canada
3.8	%	Switzerland
3.1	%	Ireland
2.7	%	Australia
2.6	%	Singapore
2.4	%	Taiwan
2.4	%	Spain
14.1	%	Other
1.0	%	Short-Term Investments

100.0	%

The Fund’s country breakdown is expressed as a percentage of total investments (excluding security lending collateral) and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” country weightings represent 2.2% or less in the following: Austria, Belgium, China, Denmark, Finland, Germany, Hong Kong, Israel and Norway.

AB Active ETFs, Inc.

AB International Low Volatility Equity 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.

•

Level 1 - quoted prices in active markets for identical investments

•

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

•

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 are 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.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

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:
Common Stocks^(a)	$	1,716,207,259	$	—		$	—		$	1,716,207,259
Warrants		—		—			0	^(b)		—
Short-Term Investments		16,556,871		—			—			16,556,871
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		10,751,360		—			—			10,751,360

Total Investments in Securities		1,743,515,490		—			0	^(b)		1,743,515,490
Other Financial Instruments^(c):
Assets:
Forward Currency Exchange Contracts		—		4,756,424			—			4,756,424
Liabilities:
Forward Currency Exchange Contracts		—		(2,514,811	)		—			(2,514,811	)

Total	$	1,743,515,490	$	2,241,613		$	0	^(b)	$	1,745,757,103

^(a)

See Portfolio of Investments for sector classifications.

^(b)

The Fund held securities with zero market value at period end.

^(c)

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 11/30/2025 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 02/28/2026 (000)		Dividend Income (000)
AB Government Money Market Portfolio	$	9,760	$	89,071	$	82,274	$	16,557	$	99
AB Government Money Market Portfolio*		0		42,997		32,246		10,751		34
Total	$	9,760	$	132,068	$	114,520	$	27,308	$	133

*	Investments of cash collateral for securities lending transactions.