0001410368-26-040410.txt : 20260424 0001410368-26-040410.hdr.sgml : 20260424 20260424165224 ACCESSION NUMBER: 0001410368-26-040410 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20260228 FILED AS OF DATE: 20260424 DATE AS OF CHANGE: 20260424 PERIOD START: 20261130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AB Active ETFs, Inc. CENTRAL INDEX KEY: 0001496608 ORGANIZATION NAME: EIN: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-23799 FILM NUMBER: 26895252 BUSINESS ADDRESS: STREET 1: C/O ALLIANCEBERNSTEIN L.P. STREET 2: 66 HUDSON BOULEVARD EAST, 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-969-1000 MAIL ADDRESS: STREET 1: C/O ALLIANCEBERNSTEIN L.P. STREET 2: 66 HUDSON BOULEVARD EAST, 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: AllianceBernstein Active ETFs, Inc. 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6.25000000 N N N N N N County of Miami-Dade FL Aviation Revenue N/A MIAMI-DADE CNTY FL AVIATION REVENUE 59333P7M4 1000000.00000000 PA USD 1146525.70000000 2.312384895390 Long DBT MUN US N 2 2035-10-01 Fixed 5.00000000 N N N N N N Port of Beaumont Navigation District 549300G8PKBXALUKJY33 PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE 73360CAR5 100000.00000000 PA USD 96353.69000000 0.194332161390 Long DBT MUN US N 2 2054-01-01 Fixed 5.25000000 N N N N N N New York City Transitional Finance Authority Future Tax Secured Revenue 5493003476LG35QAKM08 NEW YORK CITY NY TRANSITIONAL FIN AUTH REV 64972JTT5 1000000.00000000 PA USD 1048894.40000000 2.115475970071 Long DBT MUN US N 2 2050-05-01 Fixed 5.00000000 N N N N N N City of Los Angeles Department of Airports 549300E7TO710PTXPJ65 LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE 5444453D9 100000.00000000 PA USD 107455.83000000 0.216723653219 Long DBT MUN US N 2 2055-05-15 Fixed 5.50000000 N N N N N N James City County Economic Development Authority N/A JAMES CITY CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE 47029WEG8 100000.00000000 PA USD 108493.14000000 0.218815765045 Long DBT MUN US N 2 2058-12-01 Fixed 6.87500000 N N N N N N New Jersey Transportation Trust Fund Authority 549300YUVD5TEXR6L889 NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 64613CEH7 825000.00000000 PA USD 874948.72000000 1.764651419823 Long DBT MUN US N 2 2050-06-15 Fixed 5.25000000 N N N N N N Virginia College Building Authority N/A VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE 92778FLZ4 150000.00000000 PA USD 158792.28000000 0.320262223320 Long DBT MUN US N 2 2055-06-01 Fixed 6.00000000 N N N N N N Metropolitan Transportation Authority 5493000TKYODLXADQD60 MET TRANSPRTN AUTH NY REVENUE 59261APJ0 575000.00000000 PA USD 458055.81000000 0.923835668306 Long DBT MUN US N 2 2033-11-15 None 0.00000000 N N N N N N Public Finance Authority 5493004S6D3NA627K012 PUBLIC FIN AUTH WI REVENUE 74442PF59 200000.00000000 PA USD 211411.42000000 0.426387803013 Long DBT MUN US N 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F226TOH6YD6XJB17KS62 Long: SS31GE4 IRS USD R F 4.16550 IS31GE4 CCPOIS / Short: SS31GE4 IRS USD P V 00MSOFR IS31GF5 CCPOIS 000000000 610000.00000000 OU Notional Amount USD 25410.86000000 0.051250215187 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2044-12-30 0.00000000 USD 0.00000000 USD 610000.00000000 USD 25410.86000000 N N N Triborough Bridge & Tunnel Authority Sales Tax Revenue N/A TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE 896035DH2 1000000.00000000 PA USD 1050133.90000000 2.117975871362 Long DBT MUN US N 2 2064-05-15 Fixed 5.25000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS34LM6 IRS USD R F 4.15600 IS34LM6 CCPOIS / Short: SS34LM6 IRS USD P V 00MSOFR IS34LN7 CCPOIS 000000000 200000.00000000 OU Notional Amount USD 8012.99000000 0.016161100482 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2045-01-13 0.00000000 USD -79.72000000 USD 200000.00000000 USD 8092.71000000 N N N Metropolitan Nashville Airport Authority/The 549300IC0HNF8TDXEE63 MET NASHVILLE TN ARPT AUTH ARPT REVENUE 592190SN3 375000.00000000 PA USD 419703.45000000 0.846484224752 Long DBT MUN US N 2 2040-07-01 Fixed 5.00000000 N N N N N N South Carolina Jobs-Economic Development Authority 5493006X47I9VG3DL112 SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE 837032CF6 500000.00000000 PA USD 530990.80000000 1.070935527665 Long DBT MUN US N 2 2054-11-01 Fixed 5.50000000 N N N N N N City of Valparaiso IN N/A VALPARAISO IN EXEMPT FACS REVENUE 92028RAE5 100000.00000000 PA USD 102748.70000000 0.207230018394 Long DBT MUN US N 2 2044-01-01 Fixed 4.87500000 N N N N N N Puerto Rico Sales Tax Financing Corp Sales Tax Revenue N/A PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 74529JQH1 100000.00000000 PA USD 26177.76000000 0.052796947176 Long DBT MUN US N 2 2051-07-01 None 0.00000000 N N N N N N Indiana Finance Authority 549300PS0PAS7NDSSI20 INDIANA FIN AUTH EDUCTNL FACS REVENUE 45470ECC7 100000.00000000 PA USD 96064.25000000 0.193748400656 Long DBT MUN US N 2 2057-09-01 Fixed 5.25000000 N N N N N N Colorado Educational & Cultural Facilities Authority 549300BJRX2FHSSZP042 COLORADO EDUCTNL & CULTURAL AUTH REVENUE 19645URG1 100000.00000000 PA USD 100342.94000000 0.202377930834 Long DBT MUN US N 2 2054-04-01 Fixed 5.80000000 N N N N N N Texas Transportation Finance Corp N/A TEXAS ST TRANSPRTN FIN CORP SH 288 SYS TOLL REVENUE 88283PAN7 1000000.00000000 PA USD 1068600.60000000 2.155220669406 Long DBT MUN US N 2 2055-10-01 Fixed 5.25000000 N N N N N N Metropolitan Pier & Exposition Authority 254900I3VDCQ58UGBR15 MET PIER & EXPOSITION AUTH IL REVENUE 592250CX0 350000.00000000 PA USD 279644.33000000 0.564004212704 Long DBT MUN US N 2 2042-12-15 None 0.00000000 N N N N N N Washington Metropolitan Area Transit Authority Dedicated Revenue 549300ADKOK76HQMJS30 WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE 93878YDS5 1000000.00000000 PA USD 1041220.70000000 2.099999170928 Long DBT MUN US N 2 2048-07-15 Fixed 5.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS39370 IRS USD R F 4.14350 IS39370 CCPOIS / Short: SS39370 IRS USD P V 00MSOFR IS39381 CCPOIS 000000000 1200000.00000000 OU Notional Amount USD 46021.20000000 0.092818440744 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2045-01-13 0.00000000 USD 0.00000000 USD 1200000.00000000 USD 46021.20000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: BS308B2 IRS USD R V 12MUSCPI IS308C3 CCPINFLATION ZERO / Short: BS308B2 IRS USD P F 2.49900 BS308B2 CCP INFLATION ZERO 000000000 867000.00000000 OU Notional Amount USD -1211.33000000 -0.00244308626 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2029-10-15 0.00000000 USD 0.00000000 USD 867000.00000000 USD -1211.33000000 N N N Arizona Industrial Development Authority N/A ARIZONA ST INDL DEV AUTH EDU REVENUE 04052BLR3 125000.00000000 PA USD 120855.75000000 0.243749451775 Long DBT MUN US N 2 2040-07-15 Fixed 4.00000000 N N N N N N Metropolitan Transportation Authority 5493000TKYODLXADQD60 MET TRANSPRTN AUTH NY REVENUE 59261A2J5 510000.00000000 PA USD 537718.19000000 1.084503749486 Long DBT MUN US N 2 2049-11-15 Fixed 5.25000000 N N N N N N Arizona Industrial Development Authority N/A ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD 04052FEM3 200000.00000000 PA USD 206612.20000000 0.416708435304 Long DBT MUN US N 2 2053-11-01 Fixed 5.25000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: BS31T56 IRS USD R V 12MUSCPI IS31T67 CCPINFLATIONZERO / Short: BS31T56 IRS USD P F 2.56880 IS31T56 CCPINFLATIONZERO 000000000 1200000.00000000 OU Notional Amount USD -5802.12000000 -0.01170207928 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2029-10-15 0.00000000 USD 0.00000000 USD 1200000.00000000 USD -5802.12000000 N N N Massachusetts School Building Authority N/A MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE 576000E33 1000000.00000000 PA USD 1077763.70000000 2.173701383824 Long DBT MUN US N 2 2050-02-15 Fixed 5.25000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: BS346Q5 IRS USD R V 00MSOFR IS346R6 CCPOIS / Short: BS346Q5 IRS USD P F 3.80550 IS346Q5 CCPOIS 000000000 200000.00000000 OU Notional Amount USD 3875.78000000 0.007816916035 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2055-05-05 0.00000000 USD 0.00000000 USD 200000.00000000 USD 3875.78000000 N N N Commonwealth of Massachusetts 5493001N1YCXNI1O7K10 MASSACHUSETTS ST 57582RN93 180000.00000000 PA USD 109354.95000000 0.220553917471 Long DBT MUN US N 2 2050-04-01 Fixed 2.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: BS38D33 IRS USD R V 00MSOFR IS38D44 CCPOIS / Short: BS38D33 IRS USD P F 3.94300 IS38D33 CCPOIS 000000000 400000.00000000 OU Notional Amount USD -3238.16000000 -0.00653092405 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2055-11-15 0.00000000 USD 0.00000000 USD 400000.00000000 USD -3238.16000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS39KE6 IRS USD R F 3.72400 IS39KE6 CCPOIS / Short: SS39KE6 IRS USD P V 00MSOFR IS39KF7 CCPOIS 000000000 700000.00000000 OU Notional Amount USD 16235.11000000 0.032743987456 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2033-01-03 0.00000000 USD 0.00000000 USD 700000.00000000 USD 16235.11000000 N N N Fayette County Development Authority N/A FAYETTE CNTY GA DEV AUTH REVENUE 31222PAX9 200000.00000000 PA USD 205141.76000000 0.413742759746 Long DBT MUN US N 2 2054-10-01 Fixed 5.25000000 N N N N N N Public Finance Authority 5493004S6D3NA627K012 PUBLIC FIN AUTH WI TOLL REVENUE 74448UAD0 1550000.00000000 PA USD 1621024.41000000 3.269383635049 Long DBT MUN US N 2 2065-12-31 Fixed 5.75000000 N N N N N N Indianapolis Local Public Improvement Bond Bank 549300LX8ESJHDSESB87 INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK 45528U7K1 500000.00000000 PA USD 522456.60000000 1.053723218186 Long DBT MUN US N 2 2067-03-01 Fixed 5.25000000 N N N N N N Massachusetts Port Authority 254900JRR8IDSSKWCL90 MASSACHUSETTS ST PORT AUTH 575896TH8 1000000.00000000 PA USD 1063324.00000000 2.144578491791 Long DBT MUN US N 2 2035-07-01 Fixed 5.00000000 N N N N N N Washington Health Care Facilities Authority 549300ZVPWQIL3N5TL85 WASHINGTON ST HLTH CARE FACS AUTH 93978HF75 1000000.00000000 PA USD 1066418.20000000 2.150819068294 Long DBT MUN US N 2 2055-09-01 Fixed 5.50000000 N N N N N N Wisconsin Health & Educational Facilities Authority 549300ISNGXS0VHGVD41 WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE 97712JHF3 150000.00000000 PA USD 151005.95000000 0.304558264933 Long DBT MUN US N 2 2027-08-01 Fixed 5.00000000 N N N N N N North Carolina Turnpike Authority 549300FCT1PN0GJGQ240 NORTH CAROLINA ST TURNPIKE AUTH 65830RDD8 250000.00000000 PA USD 71587.43000000 0.144382015886 Long DBT MUN US N 2 2052-01-01 None 0.00000000 N N N N N N King County Public Hospital District No 2 N/A KING CNTY WA PUBLIC HOSP DIST #2 494791UA2 1050000.00000000 PA USD 1127645.30000000 2.274305721256 Long DBT MUN US N 2 2045-12-01 Fixed 5.25000000 N N N N N N Golden State Tobacco Securitization Corp N/A GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT 38122ND90 360000.00000000 PA USD 357973.81000000 0.721984017618 Long DBT MUN US N 2 2051-06-01 Fixed 5.00000000 N N N N N N Bristol Industrial Development Board N/A BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE 11023PAA2 280000.00000000 PA USD 276877.08000000 0.558423049454 Long DBT MUN US N 2 2042-12-01 Fixed 5.12500000 N N N N N N 2026-03-27 AB Active ETFs, Inc. Stephen Woetzel Stephen Woetzel Controller XXXX NPORT-EX 2 NPORT_64FZ_96769965_0226.htm HTML

AB Active ETFs, Inc.

AB Tax-Aware Long Municipal ETF

Portfolio of Investments

February 28, 2026 (unaudited)

 

      Principal
Amount
(000)		        U.S. $ Value  

MUNICIPAL OBLIGATIONS – 95.5%

        

Long-Term Municipal Bonds – 95.5%

        

Alabama – 0.7%

        

County of Jefferson AL Sewer Revenue

(County of Jefferson AL Sewer Revenue)
Series 2024
5.50%, 10/01/2053

    $        325        $     344,475  
       

 

 

  

Arizona – 1.0%

 

Arizona Industrial Development Authority

(Equitable School Revolving Fund Obligated Group)
Series 2023
5.25%, 11/01/2053

      200          206,612  

Arizona Industrial Development Authority

(Pinecrest Academy of Nevada)
Series 2020-A
4.00%, 07/15/2040(a)

      125          120,856  

Maricopa County Industrial Development Authority

(Valley Christian Schools)
Series 2023
6.375%, 07/01/2058(a)

      150          148,991  
       

 

 

  
       476,459  
       

 

 

  

California – 7.8%

        

California Community Choice Financing Authority

(American General Life Insurance)
Series 2024C
5.00%, 08/01/2055

      400          432,744  

California Community Choice Financing Authority

(Athene Annuity & Life Co.)
Series 2024G
5.00%, 11/01/2055

      350          368,901  

California Community Choice Financing Authority

(Morgan Stanley)
Series 2026-A
5.00%, 04/01/2056

      100          110,962  

California Community Housing Agency

(California Community Housing Agency Brio Apartments & Next on Lex Apartments)
Series 2021
4.00%, 02/01/2056(a)

      100          85,800  

California Infrastructure & Economic Development Bank

(Desertxpress Enterprises)
Series 2025
12.00%, 01/01/2065(a)

      100          54,000  

City of Los Angeles CA Wastewater System Revenue

(City of Los Angeles CA Wastewater System Revenue)
Series 2025-A
5.00%, 06/01/2055

      200          213,037  

City of Los Angeles Department of Airports

(City of Los Angeles Dept. of Airports)
Series 2025
5.50%, 05/15/2055

      100          107,456  

 

1

     

Principal
Amount

(000)

        U.S. $ Value  

CMFA Special Finance Agency VII

(CMFA Special Finance Agency VII The Breakwater Apartments)
Series 2021
3.00%, 08/01/2056(a)

    $ 100        $ 70,470  

Golden State Tobacco Securitization Corp.

(Golden State Tobacco Securitization)
Series 2021-B
Zero Coupon, 06/01/2066

      1,000          106,615  

Series 2022
5.00%, 06/01/2051

      360          357,974  

Los Angeles Department of Water & Power

(Los Angeles Dept. of Water & Power Power System Revenue)
BAM Series 2025-A
5.00%, 07/01/2053

      500          524,599  

San Francisco Intl Airport

(San Francisco Intl Airport)
Series 2021-A
5.00%, 05/01/2035

            1,000          1,104,666  

University of California

(University of California)
Series 2025-C
5.25%, 05/15/2040

      250          318,093  
       

 

 

  
             3,855,317  
       

 

 

  

Colorado – 4.1%

        

City & County of Denver CO Airport System Revenue

(City & County of Denver CO Airport System Revenue)
Series 2022-A
5.00%, 11/15/2036

      1,000          1,113,289  

Colorado Educational & Cultural Facilities Authority

(Ascent Classical Academy Charter Schools)
Series 2024
5.80%, 04/01/2054(a)

      100          100,343  

Town of Vail CO

(Town of Vail CO COP)
Series 2025
5.50%, 12/01/2064

      750          805,833  
       

 

 

  
          2,019,465  
       

 

 

  

Connecticut – 0.2%

        

Stamford Housing Authority

(TJH Senior Living Obligated Group)
Series 2025
6.50%, 10/01/2055

      100          102,843  
       

 

 

  

District of Columbia – 4.5%

        

District of Columbia

(District of Columbia Union Market TIF Area)
Series 2024-A
5.125%, 06/01/2034(a)

      100          105,268  

Metropolitan Washington Airports Authority Aviation Revenue

(Metropolitan Washington Airports Authority Aviation Revenue)
Series 2025-A
5.50%, 10/01/2055

      1,000          1,069,816  

 

2

     

Principal
Amount

(000)

        U.S. $ Value  

Washington Metropolitan Area Transit Authority

(Washington Metropolitan Area Transit Authority State Lease)
Series 2023
5.00%, 07/15/2048

    $      1,000        $    1,041,221  
       

 

 

  
          2,216,305  
       

 

 

  

Florida – 3.1%

        

Capital Projects Finance Authority/FL

(Navigator Academy of Leadership Obligated Group)
Series 2024
5.00%, 06/15/2034(a)

      100          102,525  

City of Venice FL

(Southwest Florida Retirement Center Obligated Group)
Series 2024
5.625%, 01/01/2060(a)

      100          100,412  

County of Miami-Dade FL Aviation Revenue

(County of Miami-Dade FL Aviation Revenue)
Series 2024-A
5.00%, 10/01/2035

      1,000          1,146,526  

Florida Development Finance Corp.

(Brightline Trains Florida)
AG Series 2024
5.25%, 07/01/2053

      100          99,504  

Florida Development Finance Corp.

(SFP - Tampa I LLC)
Series 2024
5.25%, 06/01/2059(a)

      100          96,457  
       

 

 

  
          1,545,424  
       

 

 

  

Georgia – 2.4%

        

Fayette County Development Authority

(United States Soccer Federation)
Series 2024
5.25%, 10/01/2054

      200          205,141  

Municipal Electric Authority of Georgia

(Municipal Electric Authority of Georgia)
Series 2019
5.00%, 01/01/2063

      1,000          1,001,352  
       

 

 

  
          1,206,493  
       

 

 

  

Guam – 0.5%

        

Territory of Guam

(Territory of Guam Business Privilege Tax)
Series 2021-F
5.00%, 01/01/2030

      250          269,496  
       

 

 

  

Hawaii – 0.1%

        

City & County Honolulu HI Wastewater System Revenue

(City & County Honolulu HI Wastewater System Revenue)
Series 2020-A
2.624%, 07/01/2045

      100          72,032  
       

 

 

  

 

3

     

Principal
Amount

(000)

        U.S. $ Value  

Illinois – 6.3%

        

Chicago Board of Education

(Chicago Board of Education)
Series 2023-A
5.00%, 12/01/2034

    $ 150        $ 157,432  

6.00%, 12/01/2049

      300          310,758  

Chicago O’Hare International Airport

(Chicago O’Hare Intl Airport)
Series 2025-E
5.50%, 01/01/2055

           1,000            1,054,208  

Chicago Transit Authority Sales Tax Receipts Fund

(Chicago Transit Authority Sales Tax Receipts Fund)
Series 2026-A
5.50%, 12/01/2056

      500          536,714  

City of Chicago IL

(City of Chicago IL)
Series 2019-A
5.50%, 01/01/2049

      90          90,430  

Metropolitan Pier & Exposition Authority

(Metropolitan Pier & Exposition Authority)
Series 2017
0.00%, 12/15/2042(b)

      350          279,644  

Series 2020
5.00%, 06/15/2050

      310          310,963  

State of Illinois

(State of Illinois)
Series 2023-B
5.50%, 05/01/2047

      350          369,054  
       

 

 

  
          3,109,203  
       

 

 

  

Indiana – 2.2%

        

City of Valparaiso IN

(Pratt Paper IN LLC)
Series 2024
4.875%, 01/01/2044(a)

      100          102,749  

Indiana Finance Authority

(Parkview Health System Obligated Group)
Series 2024-A
5.00%, 11/01/2054

      100          101,802  

Indiana Finance Authority

(University of Evansville)
Series 2022
5.25%, 09/01/2057

      100          96,064  

Indianapolis Local Public Improvement Bond Bank

(Pan Am Plaza Hotel)
Series 2023
6.00%, 03/01/2053

      150          157,095  

Series 2023-F
7.75%, 03/01/2067

      100          110,577  

BAM Series 2023
5.25%, 03/01/2067

      500          522,457  
       

 

 

  
          1,090,744  
       

 

 

  

 

 

4

     

Principal
Amount

(000)

        U.S. $ Value  

Kentucky – 1.6%

 

Kentucky Public Energy Authority

(BP PLC)
Series 2024-B
5.00%, 01/01/2055

    $ 740        $ 806,646  
       

 

 

  

Maine – 0.4%

        

Finance Authority of Maine

(Casella Waste Systems)
Series 2024
4.625%, 12/01/2047(a)

      200          209,015  
       

 

 

  

Maryland – 3.6%

        

Maryland Economic Development Corp.

(Purple Line Transit Partners)
Series 2022
5.25%, 06/30/2047

      570          578,281  

Maryland Economic Development Corp.

(State of Maryland)
Series 2025
5.00%, 06/01/2048

           1,000            1,062,828  

Maryland Stadium Authority

(Baltimore City Public School Construction Financing Fund)
Series 2020
5.00%, 05/01/2050

      150          163,473  
       

 

 

  
          1,804,582  
       

 

 

  

Massachusetts – 6.6%

        

Commonwealth of Massachusetts

(Commonwealth of Massachusetts)
Series 2021-B
2.00%, 04/01/2050

      180          109,355  

Massachusetts Bay Transportation Authority Sales Tax Revenue

(Massachusetts Bay Transportation Authority Sales Tax Revenue)
Series 2023-A
5.25%, 07/01/2048

      835          897,998  

Series 2025-B
5.25%, 07/01/2055

      100          107,387  

Massachusetts Port Authority

(Massachusetts Port Authority)
Series 2019-A
5.00%, 07/01/2035

      1,000          1,063,324  

Massachusetts School Building Authority

(Massachusetts School Building Authority Sales Tax)
Series 2025
5.25%, 02/15/2050

      1,000          1,077,764  
       

 

 

  
          3,255,828  
       

 

 

  

New Hampshire – 0.5%

        

New Hampshire Business Finance Authority

(NFA 2025-1)
Series 2025
5.75%, 04/28/2042

      150          159,742  

New Hampshire Business Finance Authority

(Novant Health Obligated Group)
Series 2025
5.50%, 06/01/2055

      100          104,512  
       

 

 

  
          264,254  
       

 

 

  

 

5

     

Principal
Amount

(000)

        U.S. $ Value  

New Jersey – 1.8%

        

New Jersey Transportation Trust Fund Authority

(State of New Jersey Lease)
Series 2023-B
5.25%, 06/15/2050

    $ 825        $ 874,949  
       

 

 

  

New York – 12.4%

        

Metropolitan Transportation Authority

(Metropolitan Transportation Authority)
Series 2017
Zero Coupon, 11/15/2033

      575          458,056  

Series 2024-A
5.25%, 11/15/2049

      510          537,718  

Metropolitan Transportation Authority Dedicated Tax Fund

(Metropolitan Transportation Authority Dedicated Tax Fund)
Series 2024
5.00%, 11/15/2052

      1,000          1,042,871  

New York City Transitional Finance Authority Future Tax Secured Revenue

(New York City Transitional Finance Authority Future Tax Secured Revenue)
Series 2025
5.00%, 05/01/2050

           1,000            1,048,894  

New York Liberty Development Corp.

(7 World Trade Center II)
Series 2022
3.00%, 09/15/2043

      500          436,704  

New York State Dormitory Authority

(State of New York Pers Income Tax)
Series 2025-C
5.00%, 03/15/2055

      1,210          1,261,366  

New York State Thruway Authority

(State of New York Pers Income Tax)
Series 2022-A
5.00%, 03/15/2026

      110          110,116  

Onondaga Civic Development Corp.

(Syracuse University)
Series 2025
5.50%, 12/01/2056

      100          109,912  

Suffolk Regional Off-Track Betting Corp.

(Suffolk Regional Off-Track Betting)
Series 2024
6.00%, 12/01/2053

      100          102,307  

Triborough Bridge & Tunnel Authority Sales Tax Revenue

(Triborough Bridge & Tunnel Authority Sales Tax Revenue)
Series 2024-A
5.25%, 05/15/2064

      1,000          1,050,134  
       

 

 

  
          6,158,078  
       

 

 

  

 

 

6

      Principal
Amount
(000)		        U.S. $ Value  

North Carolina – 1.5%

 

Nash Health Care Systems

(Nash Health Care Systems)
Series 2025
5.75%, 02/01/2050

    $ 600        $ 649,434  

North Carolina Turnpike Authority

(North Carolina Turnpike Authority)
AG Series 2024
Zero Coupon, 01/01/2052

      250          71,587  
       

 

 

  
          721,021  
       

 

 

  

Ohio – 2.2%

 

Buckeye Tobacco Settlement Financing Authority

(Buckeye Tobacco Settlement Financing Authority)
Series 2020-B
5.00%, 06/01/2055

      100          82,572  

State of Ohio

(University Hospitals Health System Obligated Group)
Series 2016
4.00%, 01/15/2046

          1,100              1,018,473  
       

 

 

  
          1,101,045  
       

 

 

  

Oklahoma – 0.2%

 

Tulsa Municipal Airport Trust Trustees/OK

(American Airlines, Inc.)
Series 2025
6.25%, 12/01/2040

      100          113,804  
       

 

 

  

Oregon – 0.9%

 

Port of Portland OR Airport Revenue

(Port of Portland OR Airport Revenue)
Series 2022-2
4.00%, 07/01/2047

      500          457,007  
       

 

 

  

Pennsylvania – 2.8%

 

Pennsylvania Higher Educational Facilities Authority

(University of Pennsylvania Health System Obligated Group)
Series 2025
5.00%, 08/15/2055

      120          123,815  

Pennsylvania State University (The)

(Pennsylvania State University)
Series 2023
5.25%, 09/01/2053

      1,000          1,063,132  

Philadelphia Authority for Industrial Development

(Children’s Hospital of Philadelphia Obligated Group)
Series 2024
5.50%, 07/01/2053

      205          221,671  
       

 

 

  
          1,408,618  
       

 

 

  

Puerto Rico – 0.1%

 

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue

(Puerto Rico Sales Tax Financing Sales Tax Revenue)
Series 2018-A
Zero Coupon, 07/01/2051

      100          26,178  
       

 

 

  

 

7

      Principal
Amount
(000)		        U.S. $ Value  

South Carolina – 1.1%

 

South Carolina Jobs-Economic Development Authority

(Novant Health Obligated Group)
Series 2024
5.50%, 11/01/2054

    $ 500        $ 530,991  
       

 

 

  

Tennessee – 1.8%

 

Bristol Industrial Development Board

(Bristol Industrial Development Board Sales Tax)
Series 2016-A
5.125%, 12/01/2042(a)

      280          276,877  

Series 2016-B
Zero Coupon, 12/01/2031(a)

      100          74,023  

Metropolitan Nashville Airport Authority (The)

(Metropolitan Nashville Airport Authority/The)
Series 2026-B
5.00%, 07/01/2040

      375          419,704  

Shelby County Health & Educational Facilities Board

(Madrone Memphis Student Housing I)
Series 2024
5.25%, 06/01/2056(a)

      100          97,011  
       

 

 

  
          867,615  
       

 

 

  

Texas – 9.2%

 

City of Houston TX Airport System Revenue

(United Airlines, Inc.)
Series 2024-B
5.50%, 07/15/2038

      100          109,977  

Dallas Fort Worth International Airport

(Dallas Fort Worth Intl Airport)
Series 2025-A
5.50%, 11/01/2050

          1,000              1,065,218  

Dallas Metrocare Services

(State of Texas)
Series 2025
5.25%, 11/01/2065

      1,000          1,045,913  

Hidalgo County Regional Mobility Authority

(Hidalgo County Regional Mobility Authority)
Series 2022-B
Zero Coupon, 12/01/2046

      335          112,215  

Port of Beaumont Navigation District

(Jefferson 2020 Bond Lessee & Borrower Obligated Group)
Series 2024
5.25%, 01/01/2054(a)

      100          96,354  

Texas Transportation Finance Corp.

(Texas Transportation Finance)
Series 2025
5.25%, 10/01/2055

      1,000          1,068,600  

Texas Water Development Board

(State Water Implementation Revenue Fund for Texas)
Series 2023-A
5.00%, 10/15/2058

      1,000          1,036,753  
       

 

 

  
          4,535,030  
       

 

 

  

 

8

      Principal
Amount
(000)		        U.S. $ Value  

Utah – 0.2%

 

Utah Infrastructure Agency

(Utah Infrastructure Agency)
Series 2024
5.50%, 10/15/2044

    $ 100        $ 106,178  
       

 

 

  

Virginia – 2.8%

 

Fairfax County Industrial Development Authority

(Inova Health System Obligated Group)
Series 2022
4.00%, 05/15/2042

          1,000              1,001,458  

Henrico County Economic Development Authority

(Bon Secours Mercy Health)
Series 2025
5.00%, 11/01/2048

      100          105,085  

James City County Economic Development Authority

(Williamsburg Landing Obligated Group)
Series 2024-A
6.875%, 12/01/2058

      100          108,493  

Virginia College Building Authority

(Regent University Obligated Group)
Series 2025
6.00%, 06/01/2055

      150          158,792  
       

 

 

  
          1,373,828  
       

 

 

  

Washington – 8.7%

 

City of Tacoma WA Electric System Revenue

(City of Tacoma WA Electric System Revenue)
Series 2025-A
5.25%, 01/01/2050

      1,000          1,075,646  

King County Public Hospital District No. 2

(King County Public Hospital District No. 2)
Series 2024
5.25%, 12/01/2045

      1,050          1,127,645  

Vancouver Housing Authority

(Vancouver Housing Authority)
Series 2025
4.25%, 02/01/2038

      1,000          1,058,258  

Washington Health Care Facilities Authority

(CommonSpirit Health Obligated Group)
Series 2025
5.50%, 09/01/2055

      1,000          1,066,418  
       

 

 

  
          4,327,967  
       

 

 

  

Wisconsin – 4.2%

 

Wisconsin Health & Educational Facilities Authority

(Forensic Science & Protective Medicine Collaboration)
Series 2024
5.00%, 08/01/2027(a)

      150          151,006  

Wisconsin Public Finance Authority

(Inperium Obligated Group)
Series 2024
5.75%, 12/01/2054(a)

      100          101,510  

 

9

      Principal
Amount
(000)		        U.S. $ Value  

Wisconsin Public Finance Authority

(Puerto Rico Tollroads LLC)
Series 2024
5.50%, 07/01/2044

    $ 200        $ 211,412  

Wisconsin Public Finance Authority

(SR 400 Peach Partners LLC)
Series 2025
5.75%, 12/31/2065

      1,550          1,621,024  
       

 

 

  
              2,084,952  
       

 

 

  

Total Municipal Obligations
(cost $46,664,934)

 

        47,335,842  
       

 

 

  
     Shares           

SHORT-TERM INVESTMENTS – 3.0%

 

Investment Companies – 3.0%

 

AB Fixed Income Shares, Inc. – Government

Money Market Portfolio – Class AB, 3.53%(c) (d) (e)
(cost $1,485,114)

      1,485,114          1,485,114  
       

 

 

  

Total Investments – 98.5%
(cost $48,150,048)(f)

 

        48,820,956  

Other assets less liabilities – 1.5%

 

        761,351  
       

 

 

  

Net Assets – 100.0%

 

      $ 49,582,307  
       

 

 

  

CENTRALLY CLEARED CREDIT DEFAULT SWAPS

 

Description    Fixed
Rate
(Pay)
Receive		     Payment
Frequency		    Implied
Credit
Spread at
February 28,
2026		   

Notional
Amount
(000)

      Market
Value		     

Upfront
Premiums
Paid

(Received)

      Unrealized
Appreciation
(Depreciation)		  
Buy Contracts

 

CDX-NAHY Series 45, 5 Year Index, 12/20/2030*

      (5.00 )%    Quarterly       3.32%      USD        485      $  (37,558)      $  (31,924)      $  (5,634)  

 

*

Termination date

 

10

CENTRALLY CLEARED INFLATION (CPI) SWAPS

 

                   Rate Type                                  
Notional
Amount
(000)		      Termination
Date		      Payments
made
by the
Fund		      Payments
received
by the
Fund		      Payment
Frequency
Paid/
Received		      Market
Value		        Upfront
Premiums
Paid
(Received)		        Unrealized
Appreciation
(Depreciation)		  
USD      380      10/15/2028      CPI#      2.565%      Maturity      $ 847        $ —        $ 847  
USD      1,200      10/15/2029      2.569%      CPI#      Maturity        (5,802 )         —          (5,802 ) 
USD      1,100      10/15/2029      2.485%      CPI#      Maturity        (780 )         —          (780 ) 
USD      867      10/15/2029      2.499%      CPI#      Maturity        (1,211 )         —          (1,211 ) 
USD      867      10/15/2029      2.516%      CPI#      Maturity        (1,937 )         —          (1,937 ) 
USD      866      10/15/2029      2.451%      CPI#      Maturity        822          —          822  
USD      400      10/15/2030      CPI#      2.531%      Maturity         1,918          —           1,918  
                         

 

 

       

 

 

       

 

 

  
     $ (6,143 )       $  —        $ (6,143 ) 
                         

 

 

       

 

 

       

 

 

  

 

#

Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).

CENTRALLY CLEARED INTEREST RATE SWAPS

 

                   Rate Type                                  

Notional
Amount
(000)

      Termination
Date		      Payments
made
by the
Fund		      Payments
received
by the
Fund		      Payment
Frequency
Paid/
Received		      Market
Value		        Upfront
Premiums
Paid
(Received)		        Unrealized
Appreciation
(Depreciation)		  
USD      700      01/03/2033      1 Day SOFR      3.724%      Annual      $ 16,235        $ —        $ 16,235  
USD      610      12/30/2044      1 Day SOFR      4.166%      Annual        25,411          —          25,411  
USD      1,200      01/13/2045      1 Day SOFR      4.144%      Annual        46,021          —          46,021  
USD      200      01/13/2045      1 Day SOFR      4.156%      Annual        8,013          (80 )         8,093  
USD      200      01/13/2045      1 Day SOFR      4.189%      Annual        8,918          —          8,918  
USD      500      01/26/2046      1 Day SOFR      4.222%      Annual        23,947          —          23,947  
USD      265      02/05/2055      3.942%      1 Day SOFR      Annual        (1,880 )         —          (1,880 ) 
USD      300      05/05/2055      3.962%      1 Day SOFR      Annual        (2,827 )         —          (2,827)  
USD      200      05/05/2055      3.806%      1 Day SOFR      Annual        3,876          —          3,876  
USD      400      11/15/2055      3.943%      1 Day SOFR      Annual        (3,238 )         —          (3,238 ) 
USD      300      11/15/2055      4.004%      1 Day SOFR      Annual        (5,714 )         —          (5,714 ) 
USD      60      11/15/2055      4.114%      1 Day SOFR      Annual        (2,322)          —          (2,322 ) 
                         

 

 

       

 

 

       

 

 

  
                          $  116,440        $  (80)        $  116,520  
                         

 

 

       

 

 

       

 

 

  

 

(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 $2,093,667 or 4.2% of net assets.

(b)

Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at February 28, 2026.

(c)

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

(d)

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.

(e)

Affiliated investments.

(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 $956,296 and gross unrealized depreciation of investments was $(180,645), resulting in net unrealized appreciation of $775,651.

As of February 28, 2026, the Fund’s percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 2.6% and 0.0%, respectively.

Glossary:

AG – Assured Guaranty Inc.

BAM – Build American Mutual

CDX-NAHY – North American High Yield Credit Default Swap Index

COP – Certificate of Participation

SOFR – Secured Overnight Financing Rate

 

11

AB Active ETFs, Inc.

AB Tax-Aware Long Municipal 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.

 

12

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:

 

Long-Term Municipal Bonds    $ —      $ 47,335,842     $     —      $ 47,335,842  
Short-Term Investments      1,485,114        —       —        1,485,114  
  

 

 

     

 

 

    

 

 

     

 

 

  
Total Investments in Securities      1,485,114        47,335,842       —        48,820,956  
Other Financial Instruments(a):        
Assets:           
Centrally Cleared Inflation (CPI) Swaps      —        3,587       —        3,587  
Centrally Cleared Interest Rate Swaps      —        132,421       —        132,421  
Liabilities:           
Centrally Cleared Credit Default Swaps      —        (37,558 )      —        (37,558 ) 
Centrally Cleared Inflation (CPI) Swaps      —        (9,730 )      —        (9,730 ) 
Centrally Cleared Interest Rate Swaps      —        (15,981 )      —        (15,981 ) 
  

 

 

     

 

 

    

 

 

     

 

 

  
Total    $  1,485,114      $  47,408,581     $ —      $  48,893,695  
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(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    $  816      $  8,309      $  7,640      $  1,485      $  9  

 

13