LVMH Moet Hennessy Louis Vuitton SE

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AB Active ETFs, Inc.

AB International Growth ETF

Portfolio of Investments

February 28, 2026 (unaudited)


Company	Shares		U.S. $ Value

COMMON STOCKS – 99.0%
Information Technology – 31.1%
Electronic Equipment, Instruments & Components – 1.3%
Halma PLC		1,005	$	56,533


IT Services – 3.3%
Netcompany Group A/S^{(a) (b)}		785		40,093
Shopify, Inc. - Class A^(b)		223		26,923
Wix.com Ltd.^(b)		1,121		78,986

				146,002


Semiconductors & Semiconductor Equipment – 19.8%
ASML Holding NV		159		231,548
BE Semiconductor Industries NV		574		128,361
SK hynix, Inc.		153		112,849
Taiwan Semiconductor Manufacturing Co., Ltd. (Sponsored ADR)		1,033		386,941

				859,699


Software – 4.7%
Constellation Software, Inc./Canada		36		66,535
Monday.com Ltd.^(b)		562		40,824
SAP SE		484		97,696

				205,055


Technology Hardware, Storage & Peripherals – 2.0%
Topicus.com, Inc.^(b)		1,242		85,365

				1,352,654


Industrials – 27.4%
Aerospace & Defense – 2.9%
Safran SA		310		124,446


Air Freight & Logistics – 1.5%
DSV A/S		115		29,722
Mainfreight Ltd.		970		37,455

				67,177


Building Products – 3.1%
Kingspan Group PLC		1,372		136,640


Electrical Equipment – 2.4%
Schneider Electric SE		315		102,910


Ground Transportation – 2.6%
Canadian Pacific Kansas City Ltd.		1,304		114,199


Industrial Conglomerates – 1.1%
Lifco AB - Class B		1,371		48,898


Machinery – 5.4%
RENK Group AG		632		42,481
Trelleborg AB - Class B		1,121		49,176
Weir Group PLC (The)		3,007		142,386

				234,043


Company	Shares		U.S. $ Value

Passenger Airlines – 1.8%
Ryanair Holdings PLC		2,370	$	76,728


Professional Services – 1.2%
Experian PLC		1,340		50,192


Trading Companies & Distributors – 5.4%
AddTech AB - Class B		1,338		49,619
Beijer Ref AB - Class B		7,360		115,548
Diploma PLC		922		70,347

				235,514

				1,190,747


Consumer Discretionary – 16.6%
Broadline Retail – 4.4%
MercadoLibre, Inc.^(b)		39		68,546
Sea Ltd. (ADR)^(b)		1,116		121,030

				189,576


Hotels, Restaurants & Leisure – 6.8%
Atour Lifestyle Holdings Ltd. (ADR)		1,920		75,398
DPC Dash Ltd. - Class H^(b)		6,800		55,637
InterContinental Hotels Group PLC		605		83,188
Yum China Holdings, Inc.		1,488		81,706

				295,929


Leisure Products – 2.5%
H World Group Ltd. (ADR)		2,027		111,079


Textiles, Apparel & Luxury Goods – 2.9%
ANTA Sports Products Ltd. - Class H		5,000		54,365
LVMH Moet Hennessy Louis Vuitton SE		112		71,951

				126,316

				722,900


Financials – 11.4%
Banks – 5.0%
HDFC Bank Ltd. (ADR)		2,110		67,204
NU Holdings Ltd./Cayman Islands - Class A^(b)		3,483		52,175
Standard Chartered PLC		3,930		96,797

				216,176


Capital Markets – 5.2%
3i Group PLC		3,781		168,869
Futu Holdings Ltd. (ADR)^(b)		394		58,643

				227,512


Financial Services – 1.2%
Adyen NV^(b)		43		50,506

				494,194


Communication Services – 5.3%
Interactive Media & Services – 4.1%
Tencent Holdings Ltd. - Class H		2,690		178,138


Company	Shares		U.S. $ Value

Wireless Telecommunication Services – 1.2%
Tencent Music Entertainment Group (ADR)		3,539	$	51,669

				229,807


Health Care – 4.4%
Health Care Equipment & Supplies – 3.3%
Ambu A/S - Class B		7,316		91,912
Straumann Holding AG (REG)		428		51,535

				143,447


Pharmaceuticals – 1.1%
Novo Nordisk A/S - Class B		1,218		45,791

				189,238


Materials – 1.6%
Chemicals – 1.6%
IMCD NV		730		70,159


Consumer Staples – 1.2%
Beverages – 1.2%
Budweiser Brewing Co. APAC Ltd. - Class H^(a)		52,100		51,886


Total Common Stocks (cost $4,406,375)				4,301,585


SHORT-TERM INVESTMENTS – 0.9%
Investment Companies – 0.9%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 3.53%^{(c) (d) (e)} (cost $41,591)		41,591		41,591


Total Investments – 99.9% (cost $4,447,966)^(f)				4,343,176
Other assets less liabilities – 0.1%				3,185


Net Assets – 100.0%			$	4,346,361

(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 $91,979 or 2.1% of net assets.

(b)

Non-income producing security.

(c)

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

(d)

Affiliated investments.

(e)

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.

(f)

As of February 28, 2026, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $510,030 and gross unrealized depreciation of investments was $(614,820), resulting in net unrealized depreciation of $(104,790).

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.

Glossary:

ADR – American Depositary Receipt

REG – Registered Shares

COUNTRY BREAKDOWN*

February 28, 2026 (unaudited)


15.2	%	China
14.2	%	United Kingdom
11.1	%	Netherlands
8.9	%	Taiwan
6.7	%	Canada
6.1	%	Sweden
4.8	%	Denmark
4.5	%	France
4.5	%	United States
3.2	%	Germany
3.1	%	Ireland
2.8	%	Singapore
2.8	%	Brazil
11.1	%	Other
1.0	%	Short-Term Investments

100.0	%

*	The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. “Other” country weightings represent 2.6% or less in the following: Hong Kong, India, Israel, Italy, New Zealand, South Korea and Switzerland.

AB Active ETFs, Inc.

AB International Growth 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)

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)	$	4,301,585	$	—	$	—	$	4,301,585
Short-Term Investments		41,591		—		—		41,591

Total Investments in Securities		4,343,176		—		—		4,343,176
Other Financial Instruments^(b):		—		—		—		—

Total	$	4,343,176	$	—	$	—	$	4,343,176

^(a)

See Portfolio of Investments for sector classifications.

^(b)

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	$	19	$	227	$	204	$	42	$	0