AB Active ETFs, Inc.

AB US Equity ETF

Portfolio of Investments

February 28, 2026 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 91.2%

        

Information Technology – 26.1%

        

Communications Equipment – 1.1%

        

Arista Networks, Inc.(a)

      14,445        $    1,928,407  

Cisco Systems, Inc.

      44,692          3,551,226  

F5, Inc.(a)

      13          3,528  

Lumentum Holdings, Inc.(a)

      33          23,130  

Motorola Solutions, Inc.

      2,919          1,407,717  
       

 

 

  
          6,914,008  
       

 

 

  

Electronic Equipment, Instruments & Components – 1.1%

        

Amphenol Corp. - Class A

      36,397          5,316,146  

Arrow Electronics, Inc.(a)

      32          4,869  

Avnet, Inc.

      20          1,317  

CDW Corp./DE

      4,047          496,324  

Cognex Corp.

      876          47,654  

Coherent Corp.(a)

      1,572          407,038  

Corning, Inc.

      2,160          324,821  

Crane NXT Co.

      93          4,491  

Flex Ltd.(a)

      876          55,205  

IPG Photonics Corp.(a)

      210          27,630  

Jabil, Inc.

      77          20,404  

Keysight Technologies, Inc.(a)

      717          220,356  

Ralliant Corp.

      643          29,507  

Teledyne Technologies, Inc.(a)

      174          118,511  

Vontier Corp.

      393          16,082  

Zebra Technologies Corp. - Class A(a)

      2          448  
       

 

 

  
             7,090,803  
       

 

 

  

IT Services – 0.7%

        

Accenture PLC - Class A

      6,778          1,414,704  

Akamai Technologies, Inc.(a)

      551          54,213  

Amdocs Ltd.

      1,789          124,872  

Cognizant Technology Solutions Corp. - Class A

      247          15,914  

DXC Technology Co.(a)

      8          101  

EPAM Systems, Inc.(a)

      10          1,410  

Gartner, Inc.(a)

      8          1,258  

GoDaddy, Inc. - Class A(a)

      854          74,435  

International Business Machines Corp.

      6,772          1,626,702  

Kyndryl Holdings, Inc.(a)

      1,520          18,742  

MongoDB, Inc.(a)

      167          54,854  

Okta, Inc.(a)

      3,324          240,990  

Twilio, Inc. - Class A(a)

      7,786          941,794  

VeriSign, Inc.

      615          140,183  
       

 

 

  
          4,710,172  
       

 

 

  

Semiconductors & Semiconductor Equipment – 11.6%

        

Advanced Micro Devices, Inc.(a)

      4,468          894,538  

Analog Devices, Inc.

      4,110          1,462,297  

Applied Materials, Inc.

      7,504          2,793,739  

Astera Labs, Inc.(a)

      241          28,638  

Broadcom, Inc.

      46,207          14,765,447  

Enphase Energy, Inc.(a)

      18          761  

 

1

Company    Shares        U.S. $ Value  

Entegris, Inc.

      328        $       43,444  

First Solar, Inc.(a)

      153          30,172  

GlobalFoundries, Inc.(a)

      6          285  

Intel Corp.(a)

      16,089          733,819  

KLA Corp.

      987          1,504,731  

Lam Research Corp.

      5,426          1,269,087  

Marvell Technology, Inc.

      396          32,349  

Microchip Technology, Inc.

      29,046          2,167,993  

Micron Technology, Inc.

      4,997          2,060,613  

Monolithic Power Systems, Inc.

      13          14,856  

NVIDIA Corp.

      239,241          42,391,113  

ON Semiconductor Corp.(a)

      133          8,842  

Qnity Electronics, Inc.

      1,406          178,225  

QUALCOMM, Inc.

      5,991          852,879  

Skyworks Solutions, Inc.

      17          1,013  

Taiwan Semiconductor Manufacturing Co., Ltd. (Sponsored ADR)

      10,554          3,953,317  

Teradyne, Inc.

      63          20,162  

Texas Instruments, Inc.

      6,532          1,385,502  

Universal Display Corp.

      39          4,161  
       

 

 

  
            76,597,983  
       

 

 

  

Software – 6.9%

        

Adobe, Inc.(a)

      5,637          1,479,205  

AppLovin Corp. - Class A(a)

      75          32,608  

Autodesk, Inc.(a)

      722          177,518  

Cadence Design Systems, Inc.(a)

      3,442          1,037,419  

Cloudflare, Inc. - Class A(a)

      1,727          297,372  

Crowdstrike Holdings, Inc. - Class A(a)

      677          251,831  

Datadog, Inc. - Class A(a)

      521          58,331  

Dolby Laboratories, Inc. - Class A

      248          16,509  

Fair Isaac Corp.(a)

      91          128,252  

Fortinet, Inc.(a)

      1,880          148,576  

Gen Digital, Inc.

      4,464          100,753  

Guidewire Software, Inc.(a)

      939          136,456  

HubSpot, Inc.(a)

      200          52,902  

Intuit, Inc.

      2,195          897,821  

Manhattan Associates, Inc.(a)

      180          24,377  

Microsoft Corp.

      84,464          33,172,391  

Oracle Corp.

      18,348          2,667,799  

Palantir Technologies, Inc. - Class A(a)

      1,569          215,251  

Palo Alto Networks, Inc.(a)

      14,572          2,170,062  

PTC, Inc.(a)

      729          114,154  

Roper Technologies, Inc.

      1,236          432,266  

Salesforce, Inc.

      6,874          1,338,987  

ServiceNow, Inc.(a)

      4,408          476,108  

Strategy, Inc.(a)

      134          17,353  

Synopsys, Inc.(a)

      134          55,476  

Teradata Corp.(a)

      206          6,487  

Trimble, Inc.(a)

      1,165          77,904  

Tyler Technologies, Inc.(a)

      6          2,128  

Workday, Inc. - Class A(a)

      1          134  

Zoom Communications, Inc.(a)

      317          23,439  

 

2

Company    Shares        U.S. $ Value  

Zscaler, Inc.(a)

      180        $       26,458  
       

 

 

  
            45,636,327  
       

 

 

  

Technology Hardware, Storage & Peripherals – 4.7%

        

Apple, Inc.

      105,094          27,763,733  

Dell Technologies, Inc. - Class C

      581          86,035  

Hewlett Packard Enterprise Co.

      9,383          201,453  

HP, Inc.

      6,273          119,124  

NetApp, Inc.

      454          44,960  

Pure Storage, Inc. - Class A(a)

      21,769          1,398,005  

Sandisk Corp./DE(a)

      574          364,697  

Super Micro Computer, Inc.(a)

      20,834          674,813  

Western Digital Corp.

      1,396          390,461  
       

 

 

  
          31,043,281  
       

 

 

  
          171,992,574  
       

 

 

  

Financials – 16.2%

        

Banks – 4.3%

        

Bank of America Corp.

      80,122          3,992,479  

BOK Financial Corp.

      212          26,653  

Citigroup, Inc.

      77,766          8,569,035  

Citizens Financial Group, Inc.

      2,282          137,353  

Commerce Bancshares, Inc./MO

      1,397          71,233  

Cullen/Frost Bankers, Inc.

      277          38,287  

East West Bancorp, Inc.

      33          3,612  

Fifth Third Bancorp

      8,401          415,597  

First Citizens BancShares, Inc./NC - Class A

      39          74,028  

FNB Corp./PA

      42          714  

Huntington Bancshares, Inc./OH

      786          13,205  

JPMorgan Chase & Co.

      34,759          10,438,128  

KeyCorp

      897          18,604  

M&T Bank Corp.

      1,536          333,281  

NU Holdings Ltd./Cayman Islands - Class A(a)

      174          2,606  

PNC Financial Services Group, Inc. (The)

      3,543          752,356  

Popular, Inc.

      5          677  

Regions Financial Corp.

      3,167          88,138  

Truist Financial Corp.

      3,915          193,049  

US Bancorp

      2,877          157,257  

Webster Financial Corp.

      1,776          128,103  

Wells Fargo & Co.

      31,090          2,532,280  

Western Alliance Bancorp

      78          6,265  

Zions Bancorp NA

      263          15,065  
       

 

 

  
          28,008,005  
       

 

 

  

Capital Markets – 5.5%

        

Ameriprise Financial, Inc.

      2,425          1,140,041  

Ares Management Corp. - Class A

      1,092          122,315  

Bank of New York Mellon Corp. (The)

      4,138          492,836  

Blackrock, Inc.

      762          810,181  

Blackstone, Inc.

      12,309          1,395,471  

Brookfield Asset Management Ltd. - Class A

      1,107          51,752  

Cboe Global Markets, Inc.

      732          219,395  

Charles Schwab Corp. (The)

      105,535          10,046,932  

CME Group, Inc.

      3,846          1,228,797  

Evercore, Inc. - Class A

      13          4,015  

FactSet Research Systems, Inc.

      168          36,424  

Franklin Resources, Inc.

      55          1,460  

 

3

Company    Shares        U.S. $ Value  

Goldman Sachs Group, Inc. (The)

      6,245        $    5,368,015  

Houlihan Lokey, Inc.

      24          3,930  

Intercontinental Exchange, Inc.

      10,677          1,752,416  

Invesco Ltd.

      100          2,626  

Jefferies Financial Group, Inc.

      5,162          229,193  

KKR & Co., Inc.

      1,665          145,987  

LPL Financial Holdings, Inc.

      1,141          342,733  

MarketAxess Holdings, Inc.

      147          28,224  

Moody’s Corp.

      1,509          720,683  

Morgan Stanley

      57,210          9,526,037  

MSCI, Inc.

      83          47,462  

Nasdaq, Inc.

      15,206          1,331,741  

Northern Trust Corp.

      94          13,450  

Raymond James Financial, Inc.

      25          3,827  

S&P Global, Inc.

      2,203          973,462  

SEI Investments Co.

      2          163  

State Street Corp.

      122          15,692  

Stifel Financial Corp.

      197          14,551  

T. Rowe Price Group, Inc.

      3,628          343,318  

Tradeweb Markets, Inc. - Class A

      18          2,219  
       

 

 

  
          36,415,348  
       

 

 

  

Consumer Finance – 0.5%

        

Ally Financial, Inc.

      115          4,536  

American Express Co.

      9,017          2,785,351  

Capital One Financial Corp.

      1,509          295,221  

OneMain Holdings, Inc.

      107          5,887  

Synchrony Financial

      5,552          383,699  
       

 

 

  
          3,474,694  
       

 

 

  

Financial Services – 4.5%

        

Affirm Holdings, Inc.(a)

      10          470  

Apollo Global Management, Inc.

      1,722          180,121  

Berkshire Hathaway, Inc. - Class A(a)

      1          757,000  

Berkshire Hathaway, Inc. - Class B(a)

      16,633          8,398,833  

Block, Inc.(a)

      8          510  

Corpay, Inc.(a)

      10          3,251  

Fidelity National Information Services, Inc.

      239          12,180  

Fiserv, Inc.(a)

      9,607          598,420  

Jack Henry & Associates, Inc.

      411          66,771  

Mastercard, Inc. - Class A

      11,391          5,891,539  

MGIC Investment Corp.

      131          3,475  

PayPal Holdings, Inc.

      3,026          139,832  

Shift4 Payments, Inc. - Class A(a)

      1          44  

Toast, Inc. - Class A(a)

      417          11,388  

Visa, Inc. - Class A

      42,551          13,622,277  

Voya Financial, Inc.

      30          2,006  
       

 

 

  
          29,688,117  
       

 

 

  

Insurance – 1.4%

        

Aflac, Inc.

      743          83,907  

Allstate Corp. (The)

      1,143          245,196  

American Financial Group, Inc./OH

      57          7,580  

American International Group, Inc.

      630          50,709  

Aon PLC - Class A

      2,350          788,355  

Arch Capital Group Ltd.(a)

      88          8,813  

Arthur J Gallagher & Co.

      2,858          652,196  

 

4

Company    Shares        U.S. $ Value  

Assurant, Inc.

      22        $        5,051  

Axis Capital Holdings Ltd.

      102          10,783  

Brown & Brown, Inc.

      2,464          176,964  

Chubb Ltd.

      4,978          1,696,801  

Cincinnati Financial Corp.

      120          19,678  

Everest Group Ltd.

      124          41,601  

Fidelity National Financial, Inc.

      296          15,652  

First American Financial Corp.

      37          2,594  

Globe Life, Inc.

      47          6,827  

Hanover Insurance Group, Inc. (The)

      58          10,477  

Hartford Insurance Group, Inc. (The)

      4,641          653,592  

Kinsale Capital Group, Inc.

      104          40,526  

Lincoln National Corp.

      1,055          36,187  

Loews Corp.

      63          6,931  

Markel Group, Inc.(a)

      4          8,290  

Marsh & McLennan Cos., Inc.

      546          101,960  

MetLife, Inc.

      1,383          99,673  

Old Republic International Corp.

      3          129  

Principal Financial Group, Inc.

      50          4,771  

Progressive Corp. (The)

      8,116          1,734,065  

Prudential Financial, Inc.

      638          62,766  

Reinsurance Group of America, Inc. - Class A

      506          109,159  

RenaissanceRe Holdings Ltd.

      351          106,163  

RLI Corp.

      33          2,057  

Travelers Cos., Inc. (The)

      5,211          1,608,323  

Unum Group

      36          2,582  

W R Berkley Corp.

      2,537          181,903  

White Mountains Insurance Group Ltd.

      2          4,441  

Willis Towers Watson PLC

      1,708          521,230  
       

 

 

  
          9,107,932  
       

 

 

  

Mortgage Real Estate Investment Trusts (REITs) – 0.0%

        

AGNC Investment Corp.

      21          235  
       

 

 

  
          106,694,331  
       

 

 

  

Health Care – 10.4%

        

Biotechnology – 1.2%

        

AbbVie, Inc.

      12,874          2,987,798  

Alnylam Pharmaceuticals, Inc.(a)

      27          8,989  

Amgen, Inc.

      4,443          1,724,595  

Biogen, Inc.(a)

      442          84,784  

Gilead Sciences, Inc.

      10,019          1,492,330  

Incyte Corp.(a)

      59          5,975  

Insmed, Inc.(a)

      95          14,186  

Ionis Pharmaceuticals, Inc.(a)

      220          17,853  

Moderna, Inc.(a)

      203          10,875  

Regeneron Pharmaceuticals, Inc.

      485          379,110  

United Therapeutics Corp.(a)

      14          7,055  

Vertex Pharmaceuticals, Inc.(a)

      2,412          1,198,354  
       

 

 

  
          7,931,904  
       

 

 

  

Health Care Equipment & Supplies – 1.1%

        

Abbott Laboratories

      17,157          1,996,217  

Align Technology, Inc.(a)

      68          12,927  

Baxter International, Inc.

      2,428          49,458  

Becton Dickinson & Co.

      1,118          197,305  

 

5

Company    Shares        U.S. $ Value  

Boston Scientific Corp.(a)

      4,102        $      315,239  

Cooper Cos., Inc. (The)(a)

      2,441          204,238  

Dexcom, Inc.(a)

      784          57,569  

Edwards Lifesciences Corp.(a)

      5,414          468,149  

GE HealthCare Technologies, Inc.

      1,379          116,208  

Globus Medical, Inc. - Class A(a)

      57          5,441  

Hologic, Inc.(a)

      3,732          281,243  

IDEXX Laboratories, Inc.(a)

      511          335,589  

Insulet Corp.(a)

      69          17,016  

Intuitive Surgical, Inc.(a)

      1,727          869,562  

Masimo Corp.(a)

      80          14,028  

Medtronic PLC

      8,815          860,873  

Penumbra, Inc.(a)

      45          15,498  

ResMed, Inc.

      132          33,826  

Solventum Corp.(a)

      3,291          244,192  

STERIS PLC

      811          204,656  

Stryker Corp.

      2,639          1,022,507  

Teleflex, Inc.

      265          32,346  

Zimmer Biomet Holdings, Inc.

      1,153          113,501  
       

 

 

  
          7,467,588  
       

 

 

  

Health Care Providers & Services – 2.2%

        

Cardinal Health, Inc.

      2,157          494,449  

Cencora, Inc.

      1,364          507,599  

Centene Corp.(a)

      553          24,819  

Cigna Group (The)

      1,803          522,546  

CVS Health Corp.

      10,266          820,253  

DaVita, Inc.(a)

      8          1,250  

Elevance Health, Inc.

      20,916          6,693,120  

Encompass Health Corp.

      6,464          697,336  

HCA Healthcare, Inc.

      1,482          785,015  

Labcorp Holdings, Inc.

      2,720          786,406  

McKesson Corp.

      743          733,616  

Molina Healthcare, Inc.(a)

      11          1,695  

Quest Diagnostics, Inc.

      249          52,766  

UnitedHealth Group, Inc.

      8,437          2,474,319  

Universal Health Services, Inc. - Class B

      19          3,916  
       

 

 

  
          14,599,105  
       

 

 

  

Health Care Technology – 0.0%

        

Veeva Systems, Inc. - Class A(a)

      578          105,202  
       

 

 

  

Life Sciences Tools & Services – 1.8%

        

Agilent Technologies, Inc.

      408          49,523  

Bio-Techne Corp.

      56          3,304  

Charles River Laboratories International, Inc.(a)

      108          19,277  

Danaher Corp.

      13,186          2,777,499  

Illumina, Inc.(a)

      169          22,724  

IQVIA Holdings, Inc.(a)

      21,712          3,882,323  

Medpace Holdings, Inc.(a)

      4          1,807  

Mettler-Toledo International, Inc.(a)

      15          20,500  

QIAGEN NV(a)

      601          29,930  

Thermo Fisher Scientific, Inc.

      8,846          4,609,739  

Waters Corp.(a)

      261          83,358  

 

6

Company    Shares        U.S. $ Value  

West Pharmaceutical Services, Inc.

      23        $        5,850  
       

 

 

  
          11,505,834  
       

 

 

  

Pharmaceuticals – 4.1%

        

Bristol-Myers Squibb Co.

      12,666          789,978  

Elanco Animal Health, Inc.(a)

      3,777          99,713  

Eli Lilly & Co.

      8,781          9,237,524  

Jazz Pharmaceuticals PLC(a)

      2          380  

Johnson & Johnson

      21,922          5,446,083  

Merck & Co., Inc.

      82,734          10,244,124  

Organon & Co.

      76          554  

Pfizer, Inc.

      20,422          564,668  

Viatris, Inc.

      1,726          25,769  

Zoetis, Inc.

      6,425          842,318  
       

 

 

  
          27,251,111  
       

 

 

  
          68,860,744  
       

 

 

  

Communication Services – 9.8%

        

Diversified Telecommunication Services – 0.7%

        

AST SpaceMobile, Inc.(a)

      692          54,799  

AT&T, Inc.

      40,996          1,148,298  

Charter Communications, Inc. - Class A(a)

      82          19,240  

Comcast Corp. - Class A

      23,774          736,043  

GCI Liberty, Inc. - Class A(a)

      84          3,338  

GCI Liberty, Inc. - Class C(a)

      247          9,719  

Liberty Global Ltd. - Class A(a)

      1,288          16,409  

Liberty Global Ltd. - Class C(a)

      3,873          47,638  

Verizon Communications, Inc.

      44,091          2,210,723  
       

 

 

  
          4,246,207  
       

 

 

  

Entertainment – 0.7%

        

Electronic Arts, Inc.

      2,192          439,649  

Liberty Media Corp.-Liberty Formula One - Class A(a)

      70          5,906  

Liberty Media Corp.-Liberty Formula One - Class C(a)

      886          81,149  

Live Nation Entertainment, Inc.(a)

      1,109          179,813  

Netflix, Inc.(a)

      11,984          1,153,340  

Spotify Technology SA(a)

      100          51,494  

Take-Two Interactive Software, Inc.(a)

      43          9,094  

Walt Disney Co. (The)

      23,265          2,467,020  

Warner Bros Discovery, Inc.(a)

      9,880          278,320  
       

 

 

  
          4,665,785  
       

 

 

  

Interactive Media & Services – 8.1%

        

Alphabet, Inc. - Class A

      46,238          14,415,159  

Alphabet, Inc. - Class C

      65,482          20,393,059  

IAC, Inc.(a)

      250          9,580  

Match Group, Inc.

      539          17,032  

Meta Platforms, Inc. - Class A

      28,815          18,677,307  

Pinterest, Inc. - Class A(a)

      1,969          33,729  

Reddit, Inc. - Class A(a)

      60          8,749  
       

 

 

  
          53,554,615  
       

 

 

  

 

7

Company    Shares        U.S. $ Value  

Media – 0.1%

        

Fox Corp. - Class A

      773        $       43,551  

Fox Corp. - Class B

      50          2,586  

Liberty Broadband Corp. - Class A(a)

      421          22,978  

Liberty Broadband Corp. - Class C(a)

      1,117          60,999  

New York Times Co. (The) - Class A

      1,090          86,971  

News Corp. - Class A

      71          1,725  

News Corp. - Class B

      38          1,018  

Omnicom Group, Inc.

      513          43,754  

Sirius XM Holdings, Inc.

      4,234          92,979  

Trade Desk, Inc. (The) - Class A(a)

      925          22,033  

Versant Media Group, Inc.(a)

      930          30,988  
       

 

 

  
          409,582  
       

 

 

  

Wireless Telecommunication Services – 0.2%

        

T-Mobile US, Inc.

      7,263          1,576,725  
       

 

 

  
          64,452,914  
       

 

 

  

Consumer Discretionary – 8.6%

        

Automobile Components – 0.2%

        

Aptiv PLC(a)

      450          33,093  

BorgWarner, Inc.

      557          32,066  

Gentex Corp.

      62,550          1,463,670  

Lear Corp.

      18          2,363  
       

 

 

  
          1,531,192  
       

 

 

  

Automobiles – 0.4%

        

Ford Motor Co.

      1,696          23,897  

General Motors Co.

      3,858          303,663  

Tesla, Inc.(a)

      5,064          2,038,310  
       

 

 

  
          2,365,870  
       

 

 

  

Broadline Retail – 2.5%

 

Amazon.com, Inc.(a)

      77,278          16,228,380  

Coupang, Inc.(a)

      62          1,183  

eBay, Inc.

      2,382          216,429  

Etsy, Inc.(a)

      672          36,879  

Macy’s, Inc.

      37          732  

Ollie’s Bargain Outlet Holdings, Inc.(a)

      18          1,928  
       

 

 

  
          16,485,531  
       

 

 

  

Distributors – 0.0%

        

Genuine Parts Co.

      602          71,795  
       

 

 

  

Diversified Consumer Services – 0.1%

        

H&R Block, Inc.

      85          2,603  

Liberty Live Holdings, Inc. - Class A(a)

      453          43,959  

Liberty Live Holdings, Inc. - Class C(a)

      920          91,678  

Service Corp. International/US

      5,687          478,732  
       

 

 

  
          616,972  
       

 

 

  

Hotels, Restaurants & Leisure – 2.3%

        

Airbnb, Inc. - Class A(a)

      20          2,702  

Aramark

      4,071          170,371  

 

8

Company    Shares        U.S. $ Value  

Booking Holdings, Inc.

      155        $      657,099  

Carnival Corp.

      590          18,615  

Chipotle Mexican Grill, Inc.(a)

      21,106          785,565  

Churchill Downs, Inc.

      102          9,377  

Darden Restaurants, Inc.

      185          39,562  

Domino’s Pizza, Inc.

      4          1,610  

DoorDash, Inc. - Class A(a)

      85          15,000  

Expedia Group, Inc.

      3,795          818,544  

Hilton Worldwide Holdings, Inc.

      808          251,918  

Hyatt Hotels Corp. - Class A

      22,686          3,663,789  

Las Vegas Sands Corp.

      96          5,445  

Marriott International, Inc./MD - Class A

      10,862          3,711,871  

McDonald’s Corp.

      7,916          2,699,831  

MGM Resorts International(a)

      60          2,212  

Norwegian Cruise Line Holdings Ltd.(a)

      333          8,255  

Royal Caribbean Cruises Ltd.

      114          35,449  

Starbucks Corp.

      9,752          955,891  

Texas Roadhouse, Inc.

      2,213          404,691  

Travel & Leisure Co.

      246          18,130  

Viking Holdings Ltd.(a)

      1,383          107,902  

Wendy’s Co. (The)

      631          4,834  

Wynn Resorts Ltd.

      213          23,045  

Yum! Brands, Inc.

      4,496          756,047  
       

 

 

  
          15,167,755  
       

 

 

  

Household Durables – 0.2%

        

DR Horton, Inc.

      342          54,853  

Garmin Ltd.

      584          147,653  

Lennar Corp. - Class A

      2,053          234,781  

Lennar Corp. - Class B

      6          640  

Mohawk Industries, Inc.(a)

      6          752  

PulteGroup, Inc.

      376          51,587  

Somnigroup International, Inc.

      6,360          569,284  

Toll Brothers, Inc.

      675          106,137  

TopBuild Corp.(a)

      29          13,001  
       

 

 

  
          1,178,688  
       

 

 

  

Leisure Products – 0.0%

        

Hasbro, Inc.

      343          34,159  
       

 

 

  

Specialty Retail – 2.7%

        

AutoNation, Inc.(a)

      11          2,147  

AutoZone, Inc.(a)

      332          1,246,853  

Bath & Body Works, Inc.

      29          660  

Best Buy Co., Inc.

      1,367          84,713  

Burlington Stores, Inc.(a)

      15          4,603  

CarMax, Inc.(a)

      985          42,522  

Carvana Co.(a)

      2          668  

Dick’s Sporting Goods, Inc.

      1,315          267,773  

Five Below, Inc.(a)

      1          224  

Floor & Decor Holdings, Inc. - Class A(a)

      12,553          867,287  

GameStop Corp. - Class A(a)

      16          384  

Gap, Inc. (The)

      682          19,123  

Home Depot, Inc. (The)

      15,214          5,792,274  

Lithia Motors, Inc.

      15          4,194  

Lowe’s Cos., Inc.

      7,160          1,894,321  

 

9

Company    Shares        U.S. $ Value  

Murphy USA, Inc.

      50        $       19,537  

O’Reilly Automotive, Inc.(a)

      19,879          1,866,241  

Penske Automotive Group, Inc.

      102          16,067  

Ross Stores, Inc.

      8,455          1,738,686  

TJX Cos., Inc. (The)

      25,207          4,074,964  

Tractor Supply Co.

      1,317          68,273  

Ulta Beauty, Inc.(a)

      34          23,283  

Valvoline, Inc.(a)

      991          37,460  

Williams-Sonoma, Inc.

      74          15,218  
       

 

 

  
          18,087,475  
       

 

 

  

Textiles, Apparel & Luxury Goods – 0.2%

        

Amer Sports, Inc.(a)

      11          418  

Columbia Sportswear Co.

      177          10,963  

Crocs, Inc.(a)

      3          272  

Deckers Outdoor Corp.(a)

      903          105,895  

NIKE, Inc. - Class B

      15,894          988,289  

On Holding AG - Class A(a)

      461          21,427  

PVH Corp.

      15          1,029  

Ralph Lauren Corp.

      57          20,668  

Tapestry, Inc.

      268          41,666  
       

 

 

  
          1,190,627  
       

 

 

  
          56,730,064  
       

 

 

  

Industrials – 8.5%

        

Aerospace & Defense – 1.5%

        

ATI, Inc.(a)

      55          8,997  

Axon Enterprise, Inc.(a)

      5          2,712  

Boeing Co. (The)(a)

      2,760          627,983  

Curtiss-Wright Corp.

      36          25,212  

General Dynamics Corp.

      1,437          513,081  

General Electric Co.

      3,574          1,223,237  

HEICO Corp. - Class A

      560          134,461  

Hexcel Corp.

      6,249          579,220  

Howmet Aerospace, Inc.

      2,356          618,521  

Huntington Ingalls Industries, Inc.

      32          14,225  

L3Harris Technologies, Inc.

      4,024          1,466,909  

Lockheed Martin Corp.

      661          434,991  

Northrop Grumman Corp.

      610          441,872  

RTX Corp.

      15,125          3,064,627  

Textron, Inc.

      1,286          126,864  

TransDigm Group, Inc.

      166          216,263  
       

 

 

  
          9,499,175  
       

 

 

  

Air Freight & Logistics – 0.3%

        

CH Robinson Worldwide, Inc.

      515          95,404  

Expeditors International of Washington, Inc.

      326          47,280  

FedEx Corp.

      2,453          949,311  

GXO Logistics, Inc.(a)

      1,353          85,009  

United Parcel Service, Inc. - Class B

      8,812          1,021,839  
       

 

 

  
          2,198,843  
       

 

 

  

Building Products – 0.4%

        

A O Smith Corp.

      818          63,804  

Allegion PLC

      180          29,007  

 

10

Company    Shares        U.S. $ Value  

Armstrong World Industries, Inc.

      57        $        9,889  

Carlisle Cos., Inc.

      232          91,587  

Carrier Global Corp.

      6,640          427,616  

Fortune Brands Innovations, Inc.

      2,097          113,951  

Johnson Controls International PLC

      2,902          418,758  

Lennox International, Inc.

      733          417,766  

Masco Corp.

      1,006          72,050  

Otis Worldwide Corp.

      1,141          105,611  

Owens Corning

      17          2,075  

Trane Technologies PLC

      2,190          1,012,481  
       

 

 

  
          2,764,595  
       

 

 

  

Commercial Services & Supplies – 0.4%

        

Cintas Corp.

      3,814          767,110  

Clean Harbors, Inc.(a)

      10          2,932  

Copart, Inc.(a)

      5,941          226,292  

RB Global, Inc.

      372          37,557  

Republic Services, Inc.

      459          105,111  

Rollins, Inc.

      348          21,190  

Tetra Tech, Inc.

      11,737          420,654  

Veralto Corp.

      5,790          564,120  

Waste Management, Inc.

      2,911          701,085  
       

 

 

  
          2,846,051  
       

 

 

  

Construction & Engineering – 0.1%

        

AECOM

      1,761          172,543  

API Group Corp.(a)

      48          2,134  

Comfort Systems USA, Inc.

      11          15,723  

EMCOR Group, Inc.

      52          37,680  

Everus Construction Group, Inc.(a)

      334          40,371  

MasTec, Inc.(a)

      44          13,113  

Quanta Services, Inc.

      943          530,984  

Valmont Industries, Inc.

      85          39,094  
       

 

 

  
          851,642  
       

 

 

  

Electrical Equipment – 1.4%

        

AMETEK, Inc.

      2,167          518,390  

BWX Technologies, Inc.

      102          21,010  

Eaton Corp. PLC

      14,245          5,354,980  

Emerson Electric Co.

      4,239          639,029  

GE Vernova, Inc.

      2,684          2,344,742  

Generac Holdings, Inc.(a)

      37          8,339  

Hubbell, Inc.

      74          37,861  

nVent Electric PLC

      892          105,577  

Regal Rexnord Corp.

      56          12,375  

Rockwell Automation, Inc.

      794          323,515  

Sensata Technologies Holding PLC

      349          13,032  

Vertiv Holdings Co. - Class A

      32          8,157  
       

 

 

  
          9,387,007  
       

 

 

  

Ground Transportation – 0.7%

        

CSX Corp.

      50,053          2,136,763  

JB Hunt Transport Services, Inc.

      42          9,803  

Knight-Swift Transportation Holdings, Inc.

      34          2,139  

Landstar System, Inc.

      57          9,288  

Norfolk Southern Corp.

      1,810          569,679  

Old Dominion Freight Line, Inc.

      630          127,922  

 

11

Company    Shares        U.S. $ Value  

Ryder System, Inc.

      3        $          665  

Saia, Inc.(a)

      456          184,858  

Uber Technologies, Inc.(a)

      2,910          219,472  

Union Pacific Corp.

      4,791          1,269,519  
       

 

 

  
          4,530,108  
       

 

 

  

Industrial Conglomerates – 0.7%

        

3M Co.

      9,829          1,624,930  

Honeywell International, Inc.

      11,286          2,749,157  
       

 

 

  
          4,374,087  
       

 

 

  

Machinery – 1.3%

        

Allison Transmission Holdings, Inc.

      68          8,520  

Caterpillar, Inc.

      3,508          2,605,848  

Crane Co.

      86          17,246  

Cummins, Inc.

      864          504,464  

Deere & Co.

      1,691          1,064,840  

Donaldson Co., Inc.

      961          89,142  

Dover Corp.

      855          192,802  

Esab Corp.

      9          1,136  

Flowserve Corp.

      15          1,328  

Fortive Corp.

      1,893          112,066  

IDEX Corp.

      194          40,637  

Illinois Tool Works, Inc.

      5,273          1,532,492  

Ingersoll Rand, Inc.

      3,805          358,203  

ITT, Inc.

      267          54,043  

Middleby Corp. (The)(a)

      75          12,664  

Mueller Industries, Inc.

      5          590  

Nordson Corp.

      260          76,294  

Oshkosh Corp.

      31          5,271  

PACCAR, Inc.

      2,999          378,144  

Parker-Hannifin Corp.

      662          668,077  

Pentair PLC

      979          97,107  

RBC Bearings, Inc.(a)

      9          5,183  

Snap-on, Inc.

      474          182,594  

Stanley Black & Decker, Inc.

      65          5,622  

Timken Co. (The)

      23          2,493  

Westinghouse Air Brake Technologies Corp.

      2,197          579,898  

Xylem, Inc./NY

      1,613          208,980  
       

 

 

  
          8,805,684  
       

 

 

  

Marine Transportation – 0.0%

        

Kirby Corp.(a)

      60          7,788  
       

 

 

  

Passenger Airlines – 0.6%

        

Alaska Air Group, Inc.(a)

      229          11,816  

Delta Air Lines, Inc.

      60,971          4,005,795  

Southwest Airlines Co.

      58          2,857  

United Airlines Holdings, Inc.(a)

      520          55,276  
       

 

 

  
          4,075,744  
       

 

 

  

Professional Services – 0.5%

        

Amentum Holdings, Inc.(a)

      2          60  

Automatic Data Processing, Inc.

      7,704          1,651,429  

Booz Allen Hamilton Holding Corp.

      1,333          105,080  

Broadridge Financial Solutions, Inc.

      3,773          701,288  

Concentrix Corp.

      23          754  

 

12

Company    Shares        U.S. $ Value  

Equifax, Inc.

      20        $        4,179  

Genpact Ltd.

      1,216          48,300  

Jacobs Solutions, Inc.

      267          36,809  

Leidos Holdings, Inc.

      442          77,394  

Paychex, Inc.

      1,805          169,038  

Robert Half, Inc.

      450          10,989  

SS&C Technologies Holdings, Inc.

      97          7,303  

TransUnion

      3,401          267,149  

Verisk Analytics, Inc.

      763          158,376  
       

 

 

  
          3,238,148  
       

 

 

  

Trading Companies & Distributors – 0.6%

        

Air Lease Corp.

      1,763          114,313  

Core & Main, Inc. - Class A(a)

      947          51,289  

Fastenal Co.

      4,518          208,009  

Ferguson Enterprises, Inc.

      2          521  

FTAI Aviation Ltd.

      4,867          1,488,329  

MSC Industrial Direct Co., Inc. - Class A

      20          1,877  

United Rentals, Inc.

      1,349          1,133,160  

Watsco, Inc.

      578          241,217  

WW Grainger, Inc.

      345          394,932  
       

 

 

  
          3,633,647  
       

 

 

  
          56,212,519  
       

 

 

  

Consumer Staples – 6.1%

        

Beverages – 0.9%

        

Celsius Holdings, Inc.(a)

      351          18,817  

Coca-Cola Co. (The)

      30,630          2,498,183  

Coca-Cola Consolidated, Inc.

      230          46,552  

Constellation Brands, Inc. - Class A

      121          19,101  

Molson Coors Beverage Co. - Class B

      37          1,813  

Monster Beverage Corp.(a)

      6,548          558,544  

PepsiCo, Inc.

      16,666          2,828,887  
       

 

 

  
          5,971,897  
       

 

 

  

Consumer Staples Distribution & Retail – 3.7%

        

BJ’s Wholesale Club Holdings, Inc.(a)

      1,987          196,296  

Casey’s General Stores, Inc.

      64          43,878  

Costco Wholesale Corp.

      14,876          15,036,512  

Dollar General Corp.

      736          114,993  

Dollar Tree, Inc.(a)

      5,648          714,359  

Kroger Co. (The)

      3,977          271,390  

Performance Food Group Co.(a)

      34          3,300  

Sysco Corp.

      4,495          409,764  

Target Corp.

      2,188          248,973  

US Foods Holding Corp.(a)

      3,329          321,615  

Walmart, Inc.

      51,590          6,600,940  
       

 

 

  
          23,962,020  
       

 

 

  

Food Products – 0.3%

        

Archer-Daniels-Midland Co.

      861          59,443  

Bunge Global SA

      36          4,343  

Campbell’s Co. (The)

      160          4,312  

Conagra Brands, Inc.

      1,204          23,177  

Darling Ingredients, Inc.(a)

      147          7,814  

General Mills, Inc.

      2,014          91,093  

 

13

Company    Shares        U.S. $ Value  

Hershey Co. (The)

      163        $       38,514  

Hormel Foods Corp.

      932          23,859  

Ingredion, Inc.

      300          35,238  

J M Smucker Co. (The)

      65          7,537  

Kraft Heinz Co. (The)

      3,569          87,833  

Lamb Weston Holdings, Inc.

      95          4,578  

McCormick & Co., Inc./MD

      639          45,395  

Mondelez International, Inc. - Class A

      23,833          1,467,636  

Post Holdings, Inc.(a)

      93          9,886  

Tyson Foods, Inc. - Class A

      243          15,793  
       

 

 

  
          1,926,451  
       

 

 

  

Household Products – 0.6%

        

Church & Dwight Co., Inc.

      2,241          234,991  

Clorox Co. (The)

      400          50,864  

Colgate-Palmolive Co.

      6,226          617,246  

Kimberly-Clark Corp.

      1,068          119,018  

Procter & Gamble Co. (The)

      18,806          3,144,363  
       

 

 

  
          4,166,482  
       

 

 

  

Personal Care Products – 0.2%

        

Estee Lauder Cos., Inc. (The) - Class A

      1,008          110,346  

Kenvue, Inc.

      54,027          1,032,996  
       

 

 

  
          1,143,342  
       

 

 

  

Tobacco – 0.4%

        

Altria Group, Inc.

      12,256          846,154  

Philip Morris International, Inc.

      10,301          1,924,536  
       

 

 

  
          2,770,690  
       

 

 

  
          39,940,882  
       

 

 

  

Energy – 2.6%

        

Energy Equipment & Services – 0.2%

        

Baker Hughes Co.

      14,795          965,522  

Halliburton Co.

      2,706          97,416  

SLB Ltd.

      3,186          163,569  
       

 

 

  
          1,226,507  
       

 

 

  

Oil, Gas & Consumable Fuels – 2.4%

        

APA Corp.

      986          29,945  

Cheniere Energy, Inc.

      2,338          551,137  

Chevron Corp.

      9,472          1,768,991  

ConocoPhillips

      6,452          732,044  

Coterra Energy, Inc.

      604          18,476  

Devon Energy Corp.

      283          12,319  

Diamondback Energy, Inc.

      73          12,708  

DT Midstream, Inc.

      4,134          573,964  

EOG Resources, Inc.

      7,877          977,378  

EQT Corp.

      3,289          202,010  

Expand Energy Corp.

      258          27,843  

Exxon Mobil Corp.

      36,038          5,495,795  

HF Sinclair Corp.

      8          400  

Kinder Morgan, Inc.

      2,206          73,394  

Marathon Petroleum Corp.

      6,046          1,198,378  

Occidental Petroleum Corp.

      2,333          123,836  

ONEOK, Inc.

      5,743          475,348  

Ovintiv, Inc.

      8          405  

 

14

Company    Shares        U.S. $ Value  

Phillips 66

      4,181        $      645,254  

Targa Resources Corp.

      1,167          275,179  

Texas Pacific Land Corp.

      1,065          558,369  

Valero Energy Corp.

      9,013          1,844,420  

Williams Cos., Inc. (The)

      2,070          154,670  
       

 

 

  
          15,752,263  
       

 

 

  
          16,978,770  
       

 

 

  

Materials – 1.4%

        

Chemicals – 1.1%

        

Air Products & Chemicals, Inc.

      2,544          701,305  

Albemarle Corp.

      181          32,339  

Ashland, Inc.

      704          43,901  

Axalta Coating Systems Ltd.(a)

      133          4,444  

Celanese Corp.

      2,343          117,009  

CF Industries Holdings, Inc.

      140          13,936  

Corteva, Inc.

      16,990          1,361,239  

Dow, Inc.

      7,923          243,474  

DuPont de Nemours, Inc.

      2,834          141,813  

Eastman Chemical Co.

      97          7,324  

Ecolab, Inc.

      2,785          858,755  

International Flavors & Fragrances, Inc.

      28          2,302  

Linde PLC

      5,007          2,543,957  

LyondellBasell Industries NV - Class A

      185          10,641  

Mosaic Co. (The)

      542          15,089  

NewMarket Corp.

      17          10,642  

Olin Corp.

      19          482  

PPG Industries, Inc.

      26          3,205  

RPM International, Inc.

      295          33,665  

Sherwin-Williams Co. (The)

      2,286          828,881  

Solstice Advanced Materials, Inc.

      3,062          240,398  

Westlake Corp.

      115          12,119  
       

 

 

  
          7,226,920  
       

 

 

  

Construction Materials – 0.2%

        

CRH PLC

      190          22,796  

Eagle Materials, Inc.

      37          8,281  

Martin Marietta Materials, Inc.

      872          589,969  

Vulcan Materials Co.

      1,203          372,930  
       

 

 

  
          993,976  
       

 

 

  

Containers & Packaging – 0.0%

        

Amcor PLC

      140          6,780  

AptarGroup, Inc.

      715          102,753  

Avery Dennison Corp.

      12          2,356  

Crown Holdings, Inc.

      5          573  

International Paper Co.

      600          26,130  

Packaging Corp. of America

      11          2,554  

Sealed Air Corp.

      354          14,825  
       

 

 

  
          155,971  
       

 

 

  

Metals & Mining – 0.1%

        

Alcoa Corp.

      1          62  

Freeport-McMoRan, Inc.

      3,580          243,726  

Newmont Corp.

      1,631          212,030  

Nucor Corp.

      875          154,770  

Reliance, Inc.

      101          31,880  

Royal Gold, Inc.

      83          24,882  

 

15

Company    Shares        U.S. $ Value  

Southern Copper Corp.

      134        $       29,281  

Steel Dynamics, Inc.

      515          99,462  
       

 

 

  
          796,093  
       

 

 

  
          9,172,960  
       

 

 

  

Utilities – 1.2%

        

Electric Utilities – 0.8%

        

Alliant Energy Corp.

      1,478          106,918  

American Electric Power Co., Inc.

      10,754          1,439,100  

Constellation Energy Corp.

      1,493          492,511  

Duke Energy Corp.

      2,684          351,201  

Edison International

      1,678          125,414  

Entergy Corp.

      3,908          418,586  

Evergy, Inc.

      153          12,800  

Eversource Energy

      2,401          182,980  

Exelon Corp.

      4,397          217,520  

FirstEnergy Corp.

      504          25,785  

NextEra Energy, Inc.

      17,004          1,594,465  

NRG Energy, Inc.

      26          4,653  

PG&E Corp.

      261          4,959  

Pinnacle West Capital Corp.

      60          6,018  

PPL Corp.

      1,350          52,623  

Southern Co. (The)

      2,005          195,247  

Xcel Energy, Inc.

      288          24,008  
       

 

 

  
          5,254,788  
       

 

 

  

Gas Utilities – 0.0%

        

Atmos Energy Corp.

      110          20,547  

MDU Resources Group, Inc.

      1,584          32,757  

UGI Corp.

      14          524  
       

 

 

  
          53,828  
       

 

 

  

Independent Power and Renewable Electricity Producers – 0.0%

        

AES Corp. (The)

      2,972          51,356  

Brookfield Renewable Corp.

      97          4,145  

Talen Energy Corp.(a)

      74          27,452  

Vistra Corp.

      584          101,551  
       

 

 

  
          184,504  
       

 

 

  

Multi-Utilities – 0.4%

        

Ameren Corp.

      3,851          436,241  

CenterPoint Energy, Inc.

      140          6,090  

CMS Energy Corp.

      57          4,450  

Consolidated Edison, Inc.

      2,228          250,695  

Dominion Energy, Inc.

      3,413          215,497  

DTE Energy Co.

      641          95,022  

NiSource, Inc.

      11,046          522,476  

Public Service Enterprise Group, Inc.

      4,502          387,487  

Sempra

      3,086          297,089  

WEC Energy Group, Inc.

      537          62,807  
       

 

 

  
          2,277,854  
       

 

 

  

Water Utilities – 0.0%

        

American Water Works Co., Inc.

      267          36,320  

 

16

Company    Shares        U.S. $ Value  

Essential Utilities, Inc.

      905        $       36,173  
       

 

 

  
          72,493  
       

 

 

  
          7,843,467  
       

 

 

  

Real Estate – 0.3%

        

Health Care REITs – 0.0%

        

Healthcare Realty Trust, Inc.

      5          92  

Medical Properties Trust, Inc.

      46          265  

Ventas, Inc.

      1,099          94,690  

Welltower, Inc.

      640          132,557  
       

 

 

  
          227,604  
       

 

 

  

Hotel & Resort REITs – 0.0%

        

Host Hotels & Resorts, Inc.

      18          353  
       

 

 

  

Industrial REITs – 0.0%

        

Americold Realty Trust, Inc.

      2          27  

EastGroup Properties, Inc.

      12          2,355  

First Industrial Realty Trust, Inc.

      127          8,019  

Prologis, Inc.

      1,890          269,457  
       

 

 

  
          279,858  
       

 

 

  

Office REITs – 0.0%

        

BXP, Inc.

      100          5,758  

Vornado Realty Trust

      888          24,491  
       

 

 

  
          30,249  
       

 

 

  

Real Estate Management & Development – 0.0%

        

CBRE Group, Inc. - Class A(a)

      1,029          151,942  

CoStar Group, Inc.(a)

      20          893  

Jones Lang LaSalle, Inc.(a)

      44          13,884  
       

 

 

  
          166,719  
       

 

 

  

Residential REITs – 0.0%

        

American Homes 4 Rent - Class A

      101          3,030  

AvalonBay Communities, Inc.

      516          91,451  

Equity Residential

      36          2,276  

Essex Property Trust, Inc.

      64          16,327  

Mid-America Apartment Communities, Inc.

      251          33,599  

Sun Communities, Inc.

      99          13,509  
       

 

 

  
          160,192  
       

 

 

  

Retail REITs – 0.1%

        

Federal Realty Investment Trust

      14          1,523  

Kimco Realty Corp.

      991          23,338  

Realty Income Corp.

      1,303          87,301  

Regency Centers Corp.

      1          79  

Simon Property Group, Inc.

      1,085          221,177  
       

 

 

  
          333,418  
       

 

 

  

Specialized REITs – 0.2%

        

American Tower Corp.

      1,230          235,988  

Crown Castle, Inc.

      970          86,854  

CubeSmart

      296          12,177  

Digital Realty Trust, Inc.

      651          115,357  

Equinix, Inc.

      196          190,955  

 

17

Company    Shares        U.S. $ Value  

Iron Mountain, Inc.

      2,752        $      298,124  

Lamar Advertising Co. - Class A

      1          138  

Millrose Properties, Inc.

      36          1,129  

Public Storage

      21          6,448  

Rayonier, Inc.

      400          8,596  

SBA Communications Corp.

      2          402  

VICI Properties, Inc.

      3,732          112,744  

Weyerhaeuser Co.

      507          12,437  
       

 

 

  
          1,081,349  
       

 

 

  
          2,279,742  
       

 

 

  

Total Common Stocks
(cost $184,198,815)

           601,158,967  
       

 

 

  

INVESTMENT COMPANIES – 8.5%

        

Funds and Investment Trusts – 8.5%(b)

        

First Trust Nasdaq-100 Select Equal Weight ETF

      270          36,209  

First Trust Health Care AlphaDEX Fund

      579          67,300  

First Trust Cloud Computing ETF

      164          17,983  

First Trust Nasdaq Oil & Gas ETF

      1,978          68,467  

Invesco QQQ Trust Series 1

      3,773          2,291,305  

Invesco S&P 500 Equal Weight ETF

      362          74,199  

Invesco KBW Bank ETF

      798          65,324  

iShares Core S&P Total U.S. Stock Market ETF

      979          146,977  

iShares Select Dividend ETF

      525          82,047  

iShares Core S&P 500 ETF

      2,136          1,472,516  

iShares S&P 500 Growth ETF

      9,276          1,109,039  

iShares S&P 500 Value ETF

      362          80,397  

iShares Russell Mid-Cap Value ETF

      5          770  

iShares Core S&P Mid-Cap ETF

      4,693          335,503  

iShares Semiconductor ETF

      222          78,208  

iShares Global 100 ETF

      590          75,272  

iShares Russell 1000 Value ETF

      1,201          270,850  

iShares S&P Mid-Cap 400 Growth ETF

      276          29,424  

iShares Russell 1000 Growth ETF

      531          239,051  

iShares Russell 1000 ETF

      450          169,317  

iShares Core S&P U.S. Growth ETF

      2,182          357,935  

iShares S&P Mid-Cap 400 Value ETF

      180          25,227  

iShares U.S. Technology ETF

      829          157,162  

iShares U.S. Energy ETF

      427          25,219  

iShares Dow Jones U.S. ETF

      93          15,544  

iShares Core U.S. REIT ETF

      51          3,223  

iShares Residential & Multisector Real Estate ETF

      100          8,957  

iShares ESG MSCI KLD 400 ETF

      640          82,131  

iShares U.S. Aerospace & Defense ETF

      489          119,179  

iShares ESG Optimized MSCI USA ETF - Class U

      1,904          266,465  

iShares MSCI USA Min Vol Factor ETF

      989          96,734  

iShares MSCI USA Quality Factor ETF

      3,376          691,607  

iShares MSCI USA Momentum Factor ETF

      2,171          549,176  

iShares U.S. Equity Factor ETF

      43,683          3,018,495  

iShares Core Dividend Growth ETF

      836          61,764  

State Street SPDR S&P 500 ETF Trust

      3,203          2,197,226  

State Street SPDR Portfolio S&P 500 Growth ETF

      2,901          300,457  

State Street SPDR Portfolio S&P 500 Value ETF

      7,122          423,759  

State Street SPDR S&P Dividend ETF

      895          139,557  

State Street SPDR S&P MidCap 400 ETF Trust

      12          7,834  

Schwab US Large-Cap ETF

      31,750          859,155  

Schwab U.S. Large-Cap Growth ETF

      307          9,437  

Schwab Fundamental U.S. Large Co. ETF

      1,977          57,392  

 

18

Company    Shares        U.S. $ Value  

State Street Materials Select Sector SPDR ETF

      744        $ 39,737  

State Street Health Care Select Sector SPDR ETF

      3,861          618,532  

State Street Consumer Staples Select Sector SPDR ETF

      1,306          117,553  

State Street Consumer Discretionary Select Sector SPDR ETF

      1,535          179,380  

State Street Energy Select Sector SPDR ETF

      7,940          444,005  

State Street Financial Select Sector SPDR ETF

      20,169          1,037,292  

State Street Industrial Select Sector SPDR ETF

      4,789          848,324  

State Street Technology Select Sector SPDR ETF

      34,624          4,804,426  

State Street Communication Services Select Sector SPDR ETF

      1,030          121,592  

State Street Real Estate Select Sector SPDR ETF

      710          31,126  

State Street Utilities Select Sector SPDR ETF

      1,819          86,821  

VanEck Biotech ETF

      300          59,393  

Vanguard Dividend Appreciation ETF

      5,063          1,152,845  

Vanguard Mega Cap Growth ETF

      989          382,694  

Vanguard Mega Cap Value ETF

      3,904          597,741  

Vanguard High Dividend Yield ETF

      976          151,329  

Vanguard Consumer Discretionary ETF

      661          254,009  

Vanguard Energy ETF

      360          56,732  

Vanguard Financials ETF

      282          35,408  

Vanguard Health Care ETF

      107          31,620  

Vanguard Industrials ETF

      2,693          920,602  

Vanguard Information Technology ETF

      1,266          920,002  

Vanguard S&P 500 ETF

      4,605          2,905,939  

Vanguard Mid-Cap Value ETF

      200          38,866  

Vanguard Mid-Cap ETF

      16,589          5,079,552  

Vanguard Large-Cap ETF

      14          4,412  

Vanguard Growth ETF

      780          359,479  

Vanguard Value ETF

      528          109,433  

Vanguard Total Stock Market ETF

      54,369          18,418,586  
       

 

 

  

Total Investment Companies
(cost $18,872,580)

           55,991,223  
       

 

 

  

SHORT-TERM INVESTMENTS – 0.3%

        

Investment Companies – 0.3%

        

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 3.53%(b) (c) (d)
(cost $1,670,467)

      1,670,467          1,670,467  
       

 

 

  

Total Investments – 100.0%
(cost $204,741,862)(e)

           658,820,657  

Other assets less liabilities – 0.0%

           236,382  
       

 

 

  

Net Assets – 100.0%

         $  659,057,039  
       

 

 

  

 

(a)

Non-income producing security.

(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 $454,079,958 and gross unrealized depreciation of investments was $(1,163), resulting in net unrealized appreciation of $454,078,795.

 

19

 

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

ETF – Exchange Traded Fund

MSCI – Morgan Stanley Capital International

REIT – Real Estate Investment Trust

SPDR – Standard & Poor’s Depository Receipt

 

20

AB Active ETFs, Inc.

AB US 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)

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)    $ 601,158,967      $     —      $     —      $ 601,158,967  
Investment Companies      55,991,223        —        —        55,991,223  
Short-Term Investments      1,670,467        —        —        1,670,467  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      658,820,657        —        —        658,820,657  
Other Financial Instruments(b):      —        —        —        —  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $  658,820,657      $ —      $ —      $  658,820,657  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(a) 

See Portfolio of Investments for sector classifications.

 

21

(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 period ended February 28, 2026 is as follows:

 

Portfolio    Market Value
12/05/2025*
(000)		      Purchases
at Cost
(000)		      Sales
Proceeds
(000)		      Market Value
02/28/2026
(000)		      Dividend
Income
(000)		  
AB Government Money Market Portfolio    $ 0      $  3,000      $  1,330      $  1,670      $ 5  

 

*

Commencement of operations.

 

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