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  
          

 

 

  

 

1

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  
          

 

 

  

 

2

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).

 

3

 

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.

 

4

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.

 

5

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  

 

6