Oaktree Specialty Lending Corp

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AB Active ETFs, Inc.

AB Corporate Bond ETF

Portfolio of Investments

February 28, 2026 (unaudited)


	Principal Amount (000)		U.S. $ Value

CORPORATES - INVESTMENT GRADE – 96.6%
Industrial – 50.8%
Basic – 0.8%
Dow Chemical Co. (The) 4.80%, 01/15/2031	$	27	$	26,942
5.35%, 03/15/2035		27		26,828
5.65%, 03/15/2036		27		27,037
LYB International Finance III LLC 6.15%, 05/15/2035		7		7,273
Nutrien Ltd. 4.90%, 03/27/2028		130		132,326

				220,406


Capital Goods – 4.1%
3M Co. 2.875%, 10/15/2027		136		134,154
3.375%, 03/01/2029		133		130,994
4.00%, 09/14/2048		43		34,541
CNH Industrial Capital LLC 4.75%, 03/21/2028		20		20,268
CRH America Finance, Inc. 4.40%, 02/09/2031		134		134,951
Johnson Controls International PLC/Tyco Fire & Security Finance SCA 1.75%, 09/15/2030		29		26,235
Northrop Grumman Corp. 3.25%, 01/15/2028		135		133,664
4.40%, 05/01/2030		132		133,898
Parker-Hannifin Corp. 3.25%, 06/14/2029		24		23,524
4.25%, 09/15/2027		132		132,825
4.50%, 09/15/2029		131		133,363
Regal Rexnord Corp. 6.05%, 04/15/2028		34		35,256
RTX Corp. 3.125%, 05/04/2027		29		28,775

				1,102,448


Communications - Media – 3.4%
Charter Communications Operating LLC/Charter Communications Operating Capital 6.484%, 10/23/2045		128		121,749
Cox Communications, Inc. 5.80%, 12/15/2053^(a)		78		68,011
5.95%, 09/01/2054^(a)		145		129,173
Meta Platforms, Inc. 4.65%, 08/15/2062		74		60,030
5.625%, 11/15/2055		138		135,079
5.75%, 05/15/2063		36		34,991
5.75%, 11/15/2065		137		133,368
Paramount Global 4.375%, 03/15/2043		87		54,568
4.95%, 01/15/2031		113		105,691
4.95%, 05/19/2050		135		85,274

				927,934


	Principal Amount (000)		U.S. $ Value

Communications - Telecommunications – 0.2%
AT&T, Inc. 5.70%, 11/01/2054	$	27	$	26,200
6.05%, 08/15/2056		26		26,458

				52,658


Consumer Cyclical - Automotive – 1.7%
American Honda Finance Corp. 5.15%, 07/09/2032		28		29,050
Series G 4.45%, 10/22/2027		25		25,236
4.50%, 09/04/2030		27		27,317
Cummins, Inc. 5.15%, 02/20/2034		128		133,624
5.45%, 02/20/2054		132		131,726
General Motors Co. 6.60%, 04/01/2036		72		78,996
Hyundai Capital America 4.25%, 09/18/2028^(a)		27		27,118

				453,067


Consumer Cyclical - Other – 1.2%
JH North America Holdings, Inc. 6.125%, 07/31/2032^(a)		59		60,496
Las Vegas Sands Corp. 3.90%, 08/08/2029		131		128,242
5.625%, 06/15/2028		20		20,485
5.90%, 06/01/2027		130		132,232

				341,455


Consumer Cyclical - Retailers – 2.0%
Genuine Parts Co. 4.95%, 08/15/2029		131		132,691
Home Depot, Inc. (The) 5.875%, 12/16/2036		122		133,273
Lowe’s Cos., Inc. 1.30%, 04/15/2028		143		135,578
Tapestry, Inc. 5.50%, 03/11/2035		128		132,707

				534,249


Consumer Non-Cyclical – 14.6%
AbbVie, Inc. 5.50%, 03/15/2064		109		107,289
Altria Group, Inc. 3.875%, 09/16/2046		23		17,720
5.25%, 08/06/2035		27		27,662
5.95%, 02/14/2049		108		109,303
Amgen, Inc. 5.15%, 03/02/2028		130		133,123
Archer-Daniels-Midland Co. 3.25%, 03/27/2030		138		134,263
BAT Capital Corp. 5.282%, 04/02/2050		115		105,486
6.25%, 08/15/2055		25		25,971
7.079%, 08/02/2043		103		117,143


	Principal Amount (000)		U.S. $ Value

Bristol-Myers Squibb Co. 4.55%, 02/20/2048	$	151	$	132,196
5.55%, 02/22/2054		132		130,927
Cardinal Health, Inc. 3.41%, 06/15/2027		133		132,161
4.50%, 09/15/2030		27		27,375
5.125%, 02/15/2029		51		52,600
5.35%, 11/15/2034		25		25,982
Cargill, Inc. 4.125%, 10/23/2030^(a)		27		27,081
Cencora, Inc. 3.45%, 12/15/2027		134		132,994
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC 5.60%, 01/15/2031^(a)		27		27,164
CVS Health Corp. 6.20%, 09/15/2055		26		26,660
Eli Lilly & Co. 4.90%, 10/15/2035		26		26,627
4.95%, 02/27/2063		146		132,612
5.20%, 08/14/2064		41		38,637
5.55%, 10/15/2055		26		26,413
5.60%, 02/12/2065		134		135,195
5.65%, 10/15/2065		26		26,307
Gilead Sciences, Inc. 5.50%, 11/15/2054		134		133,504
5.55%, 10/15/2053		92		92,539
5.60%, 11/15/2064		29		29,056
Keurig Dr. Pepper, Inc. 3.20%, 05/01/2030		78		74,662
4.60%, 05/15/2030		26		26,254
5.05%, 03/15/2029		74		75,846
Series 31* 2.25%, 03/15/2031		150		135,366
Kimberly-Clark Corp. 3.10%, 03/26/2030		84		81,428
Mars, Inc. 5.65%, 05/01/2045^(a)		131		134,068
Merck & Co., Inc. 5.00%, 05/17/2053		90		83,663
5.15%, 05/17/2063		145		134,736
5.70%, 09/15/2055		131		133,612
5.70%, 12/04/2065		50		50,209
Novartis Capital Corp. 4.10%, 11/05/2030		133		133,819
4.30%, 11/05/2032		60		60,471
Philip Morris International, Inc. 2.10%, 05/01/2030		96		88,822
Reynolds American, Inc. 5.85%, 08/15/2045		134		133,948
Royalty Pharma PLC 1.75%, 09/02/2027		139		134,516
Sysco Corp. 5.10%, 09/23/2030		24		24,910
5.95%, 04/01/2030		126		134,069
Viatris, Inc. 3.85%, 06/22/2040		60		47,252
4.00%, 06/22/2050		195		133,444

				3,955,085


	Principal Amount (000)		U.S. $ Value

Energy – 6.3%
Energy Transfer LP 6.20%, 04/01/2055	$	25	$	25,021
Enterprise Products Operating LLC Series E 5.25%, 08/16/2077		122		122,306
MPLX LP 6.20%, 09/15/2055		26		26,406
ONEOK, Inc. 6.625%, 09/01/2053		96		101,778
Phillips 66 5.875%, 05/01/2042		131		134,724
Santos Finance Ltd. 5.75%, 11/13/2035^(a)		131		133,895
Shell Finance US, Inc. 5.50%, 03/25/2040^(a)		128		133,389
6.375%, 12/15/2038^(a)		118		133,817
Suncor Energy, Inc. 6.85%, 06/01/2039		119		133,889
Targa Resources Corp. 4.35%, 01/15/2029		134		135,010
5.40%, 07/30/2036		63		64,161
6.50%, 02/15/2053		124		131,538
Williams Cos., Inc. (The) 5.65%, 03/15/2033		125		132,220
Woodside Finance Ltd. 5.10%, 09/12/2034		134		134,513
5.40%, 05/19/2030		130		134,874
6.00%, 05/19/2035		20		21,178

				1,698,719


Other Industrial – 0.5%
LKQ Corp. 5.75%, 06/15/2028		130		133,523


Services – 3.6%
Amazon.com, Inc. 3.25%, 05/12/2061		124		79,754
4.10%, 04/13/2062		172		132,352
4.25%, 08/22/2057		164		132,238
5.55%, 11/20/2065		133		130,086
Quanta Services, Inc. 4.30%, 08/09/2028		27		27,214
RELX Capital, Inc. 4.00%, 03/18/2029		133		132,876
4.75%, 03/27/2030		27		27,549
S&P Global, Inc. 2.45%, 03/01/2027		136		134,125
2.70%, 03/01/2029		36		34,800
4.25%, 05/01/2029		133		134,152

				965,146


	Principal Amount (000)		U.S. $ Value

Technology – 11.0%
Alphabet, Inc. 5.25%, 05/15/2055	$	106	$	102,802
5.30%, 05/15/2065		139		131,680
5.70%, 11/15/2075		133		132,917
Amphenol Corp. 3.80%, 11/15/2027		27		27,026
4.40%, 02/15/2033		27		27,062
4.625%, 02/15/2036		27		26,821
Apple, Inc. 2.55%, 08/20/2060		235		132,140
2.85%, 08/05/2061		220		132,271
Applied Materials, Inc. 1.75%, 06/01/2030		144		131,334
Broadridge Financial Solutions, Inc. 2.60%, 05/01/2031		149		135,065
2.90%, 12/01/2029		142		134,451
Cisco Systems, Inc. 5.30%, 02/26/2054		136		132,340
5.35%, 02/26/2064		139		132,978
Gartner, Inc. 3.625%, 06/15/2029^(a)		69		65,489
4.50%, 07/01/2028^(a)		136		134,039
Hewlett Packard Enterprise Co. 4.40%, 09/25/2027		132		132,777
Honeywell International, Inc. 1.10%, 03/01/2027		139		135,371
2.70%, 08/15/2029		54		52,000
4.25%, 01/15/2029		31		31,366
5.25%, 03/01/2054		118		113,548
Intel Corp. 3.75%, 03/25/2027		10		9,981
Lam Research Corp. 1.90%, 06/15/2030		147		134,937
4.00%, 03/15/2029		133		133,589
NVIDIA Corp. 2.85%, 04/01/2030		61		58,675
Oracle Corp. 2.30%, 03/25/2028		99		94,906
2.80%, 04/01/2027		58		57,120
3.25%, 11/15/2027		101		99,211
3.95%, 03/25/2051		154		101,765
4.45%, 09/26/2030		27		26,464
4.80%, 08/03/2028		24		24,263
4.80%, 09/26/2032		27		26,392
5.20%, 09/26/2035		19		18,362
5.875%, 09/26/2045		27		24,414
5.95%, 09/26/2055		27		23,742
6.00%, 08/03/2055		24		21,109
6.10%, 09/26/2065		27		23,384
6.125%, 08/03/2065		24		20,762
Texas Instruments, Inc. 5.05%, 05/18/2063		24		21,945

				2,964,498


	Principal Amount (000)		U.S. $ Value

Transportation - Airlines – 0.8%
Delta Air Lines, Inc./SkyMiles IP Ltd. 4.75%, 10/20/2028 ^(a)	$	120	$	121,119
United Airlines 2020-1 Class A Pass Through Trust Series 20-1 5.875%, 04/15/2029		105		107,355

				228,474


Transportation - Services – 0.6%
Element Fleet Management Corp. 5.037%, 03/25/2030^(a)		27		27,702
XPO, Inc. 6.25%, 06/01/2028^(a)		131		133,422

				161,124

				13,738,786


Financial Institutions – 38.4%
Banking – 21.3%
Ally Financial, Inc. 5.737%, 05/15/2029		20		20,540
8.00%, 11/01/2031		117		132,749
American Express Co. 4.351%, 07/20/2029		26		26,232
4.731%, 04/25/2029		26		26,422
4.804%, 10/24/2036		27		26,745
4.918%, 07/20/2033		26		26,588
5.085%, 01/30/2031		25		25,835
5.098%, 02/16/2028		130		131,347
5.667%, 04/25/2036		117		123,830
Bank of America Corp. 3.419%, 12/20/2028		84		83,143
3.705%, 04/24/2028		45		44,851
4.376%, 04/27/2028		35		35,153
5.468%, 01/23/2035		126		132,052
5.518%, 10/25/2035		25		25,672
5.744%, 02/12/2036		94		98,224
5.872%, 09/15/2034		58		62,225
Series G 3.593%, 07/21/2028		124		123,276
Bank of Montreal 4.062%, 09/22/2028		27		27,063
4.35%, 09/22/2031		27		27,172
Bank of Nova Scotia (The) 4.043%, 09/15/2028		27		27,029
4.338%, 09/15/2031		27		27,076
5.13%, 02/14/2031		130		134,637
Canadian Imperial Bank of Commerce 5.245%, 01/13/2031		25		25,942
Capital One Financial Corp. 2.359%, 07/29/2032		149		131,309
5.197%, 09/11/2036		56		55,865
6.183%, 01/30/2036		61		63,442
7.964%, 11/02/2034		111		130,628
Citigroup, Inc. 3.668%, 07/24/2028		61		60,705
4.503%, 09/11/2031		26		26,206
4.658%, 05/24/2028		22		22,158
5.333%, 03/27/2036		27		27,817


	Principal Amount (000)		U.S. $ Value

5.827%, 02/13/2035	$	127	$	132,245
6.02%, 01/24/2036		24		25,185
6.174%, 05/25/2034		124		132,376
Series VAR 3.07%, 02/24/2028		134		132,710
Citizens Financial Group, Inc. 5.253%, 03/05/2031		16		16,500
5.718%, 07/23/2032		25		26,337
Goldman Sachs Group, Inc. (The) 2.64%, 02/24/2028		135		133,199
3.615%, 03/15/2028		134		133,354
3.814%, 04/23/2029		134		133,219
4.153%, 10/21/2029		27		27,012
4.223%, 05/01/2029		65		65,162
4.369%, 10/21/2031		27		27,000
4.937%, 04/23/2028		28		28,268
4.939%, 10/21/2036		27		26,880
5.049%, 07/23/2030		25		25,640
5.218%, 04/23/2031		26		26,920
5.33%, 07/23/2035		25		25,747
5.536%, 01/28/2036		24		25,108
5.727%, 04/25/2030		13		13,581
5.851%, 04/25/2035		18		19,204
6.484%, 10/24/2029		12		12,704
JPMorgan Chase & Co. 2.947%, 02/24/2028		91		90,088
2.956%, 05/13/2031		136		129,301
3.54%, 05/01/2028		134		133,199
4.323%, 04/26/2028		133		133,463
5.14%, 01/24/2031		24		24,902
5.571%, 04/22/2028		24		24,414
M&T Bank Corp. 5.179%, 07/08/2031		26		26,848
Morgan Stanley 4.21%, 04/20/2028		96		96,180
5.164%, 04/20/2029		130		132,920
5.173%, 01/16/2030		25		25,692
5.192%, 04/17/2031		26		26,923
5.23%, 01/15/2031		24		24,848
5.449%, 07/20/2029		116		119,613
5.831%, 04/19/2035		109		116,390
Series G 2.699%, 01/22/2031		76		71,861
3.772%, 01/24/2029		123		122,497
Series I 4.133%, 10/18/2029		16		16,023
4.356%, 10/22/2031		27		27,033
4.892%, 10/22/2036		20		19,896
PNC Financial Services Group, Inc. (The) 5.373%, 07/21/2036		27		27,967
5.575%, 01/29/2036		6		6,320
5.676%, 01/22/2035		116		122,998
6.875%, 10/20/2034		117		132,815
Royal Bank of Canada 4.498%, 08/06/2029		27		27,328
4.696%, 08/06/2031		16		16,345
Series G 4.715%, 03/27/2028		131		132,167
5.153%, 02/04/2031		24		24,881


	Principal Amount (000)		U.S. $ Value

Santander Holdings USA, Inc. 6.174%, 01/09/2030	$	126	$	131,502
State Street Corp. 3.031%, 11/01/2034		140		133,708
Synchrony Financial 2.875%, 10/28/2031		150		134,607
5.935%, 08/02/2030		55		57,077
US Bancorp 4.967%, 07/22/2033		131		133,313
Wells Fargo & Co. 3.526%, 03/24/2028		134		133,287
4.078%, 09/15/2029		27		27,007
4.97%, 04/23/2029		26		26,504

				5,750,201


Brokerage – 1.8%
Apollo Global Management, Inc. 5.80%, 05/21/2054		133		126,374
Blue Owl Finance LLC 6.25%, 04/18/2034		126		125,930
Jefferies Financial Group, Inc. 6.20%, 04/14/2034		99		103,667
Raymond James Financial, Inc. 5.65%, 09/11/2055		133		129,793

				485,764


Finance – 7.1%
Apollo Debt Solutions BDC 6.90%, 04/13/2029		93		96,683
Ares Capital Corp. 5.10%, 01/15/2031		27		26,348
5.50%, 09/01/2030		26		25,723
5.875%, 03/01/2029		104		105,912
5.95%, 07/15/2029		128		130,790
Ares Strategic Income Fund 4.85%, 01/15/2029^(a)		27		26,549
5.15%, 01/15/2031^(a)		27		26,171
5.70%, 03/15/2028		25		25,181
Barings BDC, Inc. 5.20%, 09/15/2028		27		26,713
Blackstone Private Credit Fund 5.95%, 07/16/2029		129		130,062
Blackstone Secured Lending Fund 5.125%, 01/31/2031		27		26,175
Blue Owl Capital Corp. 5.95%, 03/15/2029		129		128,481
6.20%, 07/15/2030		23		22,930
Blue Owl Credit Income Corp. 5.80%, 03/15/2030		133		130,417
6.60%, 09/15/2029		87		87,894
Brookfield Finance, Inc. 5.33%, 01/15/2036		27		26,931
5.813%, 03/03/2055		27		26,336
Carlyle Secured Lending, Inc. 5.75%, 02/15/2031		27		26,097
Franklin BSP Capital Corp. 6.00%, 10/02/2030^(a)		27		26,247


	Principal Amount (000)		U.S. $ Value

FS KKR Capital Corp. 3.125%, 10/12/2028	$	144	$	131,150
6.125%, 01/15/2030		25		23,962
6.875%, 08/15/2029		24		23,691
Golub Capital Private Credit Fund 5.875%, 05/01/2030		23		23,001
HA Sustainable Infrastructure Capital, Inc. 6.375%, 07/01/2034		128		132,282
6.75%, 07/15/2035		26		27,306
HPS Corporate Lending Fund 4.90%, 09/11/2028^(a)		26		25,682
5.30%, 06/05/2027^(a)		26		26,101
5.45%, 11/15/2030^(a)		26		25,599
5.85%, 06/05/2030^(a)		26		26,019
North Haven Private Income Fund LLC 5.125%, 09/25/2028^(a)		27		26,714
Oaktree Specialty Lending Corp. 6.34%, 02/27/2030		26		25,604
Oaktree Strategic Credit Fund 6.19%, 07/15/2030^(a)		132		131,203
Sixth Street Lending Partners 6.125%, 07/15/2030		131		132,679
6.50%, 03/11/2029		10		10,329

				1,912,962


Financial Services – 0.7%
Omnis Funding Trust 6.722%, 05/15/2055^(a)		138		143,799
Sammons Financial Group Global Funding 4.95%, 06/12/2030^(a)		26		26,507
5.05%, 01/10/2028^(a)		25		25,419

				195,725


Insurance – 5.9%
Athene Holding Ltd. 6.25%, 04/01/2054		129		120,375
6.625%, 05/19/2055		8		7,827
Brighthouse Financial, Inc. 4.70%, 06/22/2047		36		25,062
Centene Corp. 2.625%, 08/01/2031		15		13,008
3.00%, 10/15/2030		148		133,360
3.375%, 02/15/2030		143		132,677
4.625%, 12/15/2029		42		40,972
CNO Global Funding 5.875%, 06/04/2027^(a)		24		24,470
Health Care Service Corp. A Mutual Legal Reserve Co. 2.20%, 06/01/2030^(a)		147		135,228
Humana, Inc. 3.70%, 03/23/2029		136		133,604
Jackson National Life Global Funding 4.55%, 09/09/2030^(a)		27		27,090
Manulife Financial Corp. 4.986%, 12/11/2035		134		134,369


	Principal Amount (000)		U.S. $ Value

MetLife, Inc. 6.40%, 12/15/2066	$	128	$	134,117
9.25%, 04/08/2068^(a)		102		121,908
Prudential Financial, Inc. 4.50%, 09/15/2047		134		132,184
5.70%, 09/15/2048		130		131,317
SBL Holdings, Inc. 7.20%, 10/30/2034^(a)		134		122,810
Unum Group 6.00%, 06/15/2054		25		24,394

				1,594,772


REITs – 1.6%
CBRE Services, Inc. 4.80%, 06/15/2030		26		26,503
5.50%, 04/01/2029		118		122,550
5.95%, 08/15/2034		125		133,624
Store Capital LLC 5.40%, 04/30/2030		26		26,712
WEA Finance LLC 3.50%, 06/15/2029^(a)		131		127,713

				437,102

				10,376,526


Utility – 7.4%
Electric – 7.2%
Eversource Energy 5.45%, 03/01/2028		128		131,369
5.95%, 02/01/2029		127		133,236
ITC Holdings Corp. 4.95%, 09/22/2027^(a)		131		132,581
Jersey Central Power & Light Co. 4.15%, 01/15/2029^(a)		27		27,062
4.40%, 01/15/2031^(a)		27		27,155
NextEra Energy Capital Holdings, Inc. 4.85%, 02/04/2028		132		134,413
5.65%, 05/01/2079		123		124,510
5.90%, 03/15/2055		89		90,437
Niagara Mohawk Power Corp. 4.647%, 10/03/2030^(a)		27		27,434
5.996%, 07/03/2055^(a)		132		134,812
Pacific Gas & Electric Co. 3.75%, 07/01/2028		79		78,468
PacifiCorp 2.90%, 06/15/2052		211		126,224
3.30%, 03/15/2051		191		125,598
4.125%, 01/15/2049		171		131,415
San Diego Gas & Electric Co. 5.40%, 04/15/2035		27		28,148
Sempra 3.40%, 02/01/2028		135		133,570
Southern California Edison Co. 5.30%, 03/01/2028		129		131,992
5.45%, 06/01/2031		128		133,880
5.85%, 11/01/2027		70		71,939
Xcel Energy, Inc. 4.75%, 03/21/2028		26		26,400

				1,950,643


	Principal Amount (000)		U.S. $ Value

Other Utility – 0.2%
Boston Gas Co. 3.15%, 08/01/2027^(a)	$	38	$	37,564

				1,988,207


Total Corporates - Investment Grade (cost $25,957,233)				26,103,519


	Shares

SHORT-TERM INVESTMENTS – 1.3%
Investment Companies – 1.3%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 3.53%^{(b) (c) (d)} (cost $350,912)		350,912		350,912


Total Investments – 97.9% (cost $26,308,145)^(e)				26,454,431
Other assets less liabilities – 2.1%				576,318


Net Assets – 100.0%			$	27,030,749

FUTURES


Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Purchased Contracts
U.S. 10 Yr Ultra Futures		50		June 2026		$	5,836,719		$	30,453
U.S. Long Bond (CBT) Futures		30		June 2026			3,554,063			32,578
U.S. T-Note 5 Yr (CBT) Futures		171		June 2026			18,834,047			102,867

Sold Contracts
U.S. T-Note 2 Yr (CBT) Futures		41		June 2026			8,580,211			(15,054	)
U.S. T-Note 10 Yr (CBT) Futures		144		June 2026			16,389,000			(70,875	)
U.S. Ultra Bond (CBT) Futures		17		June 2026			2,067,094			(18,844	)

									$	61,125

(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 $2,837,820 or 10.5% of net assets.

(b)

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.

(c)

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

(d)

Affiliated investments.

(e)

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 $464,628 and gross unrealized depreciation of investments was $(257,217), resulting in net unrealized appreciation of $207,411.

Glossary:

CBT – Chicago Board of Trade

HFC – Housing Finance Corporation

REIT – Real Estate Investment Trust

AB Active ETFs, Inc.

AB Corporate Bond 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 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:
Corporates - Investment Grade	$	—		$	26,103,519	$	—	$	26,103,519
Short-Term Investments		350,912			—		—		350,912

Total Investments in Securities		350,912			26,103,519		—		26,454,431

Other Financial Instruments^(a):
Assets:
Futures		165,898			—		—		165,898
Liabilities:
Futures		(104,773	)		—		—		(104,773	)

Total	$	412,037		$	26,103,519	$	—	$	26,515,556

^(a)

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

251

2,706

2,606

351