AB Active ETFs NPORTP AB Short Duration High Yield ETF (Aug 2024 report)

AB Active ETFs, Inc.

AB Short Duration High Yield ETF

Portfolio of Investments

August 31, 2024 (unaudited)


	Principal Amount (000)			U.S. $ Value

CORPORATES - NON-INVESTMENT GRADE – 78.0%
Industrial – 68.0%
Basic – 5.7%
Alcoa Nederland Holding BV 4.125%, 03/31/2029^(a)		U.S.$	115	$	110,086

Arsenal AIC Parent LLC 8.00%, 10/01/2030^(a)			568		611,532

ASP Unifrax Holdings, Inc. 5.25%, 09/30/2028^(a)			2,697		1,396,021

Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV 4.75%, 06/15/2027^(a)			200		197,426

Constellium SE 3.125%, 07/15/2029^(a)		EUR	617		639,009

3.75%, 04/15/2029^(a)		U.S.$	780		722,701

Crown Americas LLC/Crown Americas Capital Corp. VI 4.75%, 02/01/2026			200		198,300

CVR Partners LP/CVR Nitrogen Finance Corp. 6.125%, 06/15/2028^(a)			3,999		3,886,668

Domtar Corp. 6.75%, 10/01/2028^(a)			844		773,239

Element Solutions, Inc. 3.875%, 09/01/2028^(a)			3,954		3,741,789

FMG Resources (August 2006) Pty Ltd. 4.50%, 09/15/2027^(a)			2,615		2,522,612

5.875%, 04/15/2030^(a)			571		567,368

Graphic Packaging International LLC 3.50%, 03/15/2028^(a)			1,700		1,605,650

Guala Closures SpA 7.719% (EURIBOR 3 Month + 4.00%), 06/29/2029^{(a) (b)}		EUR	600		666,511

INEOS Finance PLC 7.50%, 04/15/2029^(a)		U.S.$	2,540		2,628,113

INEOS Quattro Finance 2 PLC 2.50%, 01/15/2026^(a)		EUR	257		278,804

9.625%, 03/15/2029^(a)		U.S.$	488		525,727

INEOS Styrolution Ludwigshafen GmbH 2.25%, 01/16/2027^(a)		EUR	589		620,996

Ingevity Corp. 3.875%, 11/01/2028^(a)		U.S.$	2,245		2,081,564

Olympus Water US Holding Corp. 3.875%, 10/01/2028^(a)		EUR	100		104,928

SCIL IV LLC/SCIL USA Holdings LLC 4.375%, 11/01/2026^(a)			187		206,090

5.375%, 11/01/2026^(a)		U.S.$	3,089		3,036,950

8.006% (EURIBOR 3 Month + 4.38%), 11/01/2026^{(a) (b)}		EUR	318		353,631

Sealed Air Corp./Sealed Air Corp. US 6.125%, 02/01/2028^(a)		U.S.$	2,169		2,207,673


	Principal Amount (000)			U.S. $ Value

SNF Group SACA 3.125%, 03/15/2027^(a)		U.S.$	1,989	$	1,855,717
WR Grace Holdings LLC 4.875%, 06/15/2027^(a)			4,537		4,443,220

					35,982,325


Capital Goods – 7.3%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC 3.25%, 09/01/2028^(a)			1,449		1,315,243
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. 2.125%, 08/15/2026^(a)		EUR	200		183,103
4.125%, 08/15/2026^(a)		U.S.$	2,220		1,913,285
Ball Corp. 2.875%, 08/15/2030			2,378		2,100,678
6.00%, 06/15/2029			1,032		1,061,825
Bombardier, Inc. 6.00%, 02/15/2028^(a)			289		289,037
7.25%, 07/01/2031^(a)			176		184,832
7.50%, 02/01/2029^(a)			1,046		1,097,630
7.875%, 04/15/2027^(a)			390		391,139
8.75%, 11/15/2030^(a)			406		443,612
Chart Industries, Inc. 7.50%, 01/01/2030^(a)			345		362,754
Clean Harbors, Inc. 4.875%, 07/15/2027^(a)			3,211		3,175,005
Crown Americas LLC 5.25%, 04/01/2030			564		563,323
Eco Material Technologies, Inc. 7.875%, 01/31/2027^(a)			2,606		2,633,962
EnerSys 4.375%, 12/15/2027^(a)			1,214		1,185,847
Enviri Corp. 5.75%, 07/31/2027^(a)			2,140		2,073,746
ESAB Corp. 6.25%, 04/15/2029^(a)			1,056		1,083,329
GFL Environmental, Inc. 3.50%, 09/01/2028^(a)			19		17,963
3.75%, 08/01/2025^(a)			2,161		2,136,451
6.75%, 01/15/2031^(a)			115		120,230
Griffon Corp. 5.75%, 03/01/2028			3,106		3,047,328
IMA Industria Macchine Automatiche SpA 3.75%, 01/15/2028^(a)		EUR	650		693,483
LSB Industries, Inc. 6.25%, 10/15/2028^{(a) (c)}		U.S.$	3,396		3,328,216
MIWD Holdco II LLC/MIWD Finance Corp. 5.50%, 02/01/2030^(a)			500		475,675
Moog, Inc. 4.25%, 12/15/2027^(a)			2,535		2,436,895


	Principal Amount (000)			U.S. $ Value

Paprec Holding SA 6.50%, 11/17/2027^(a)		EUR	400	$	464,389
7.25%, 11/17/2029^(a)			260		303,939
Regal Rexnord Corp. 6.30%, 02/15/2030		U.S.$	590		621,264
Silgan Holdings, Inc. 2.25%, 06/01/2028		EUR	412		423,769
TK Elevator Midco GmbH 4.375%, 07/15/2027^(a)			180		196,062
TK Elevator US Newco, Inc. 5.25%, 07/15/2027^(a)		U.S.$	1,577		1,551,263
TransDigm, Inc. 4.625%, 01/15/2029			500		481,070
5.50%, 11/15/2027			1,844		1,832,512
6.375%, 03/01/2029^(a)			2,556		2,632,757
6.75%, 08/15/2028^(a)			708		727,958
6.875%, 12/15/2030^(a)			235		245,587
Trinity Industries, Inc. 7.75%, 07/15/2028^(a)			339		355,177
Triumph Group, Inc. 9.00%, 03/15/2028^(a)			1,756		1,858,445
Trivium Packaging Finance BV 3.75%, 08/15/2026^(a)		EUR	440		477,792
WESCO Distribution, Inc. 6.375%, 03/15/2029^(a)		U.S.$	1,561		1,604,224

					46,090,799


Communications - Media – 5.3%
AMC Networks, Inc. 10.25%, 01/15/2029^(a)			1,705		1,713,559
Banijay Entertainment SAS 7.00%, 05/01/2029^(a)		EUR	442		515,346
8.125%, 05/01/2029^(a)		U.S.$	734		760,857
CCO Holdings LLC/CCO Holdings Capital Corp. 6.375%, 09/01/2029^(a)			819		809,025
Clear Channel Outdoor Holdings, Inc. 5.125%, 08/15/2027^(a)			920		898,886
CSC Holdings LLC 5.375%, 02/01/2028^(a)			2,712		2,079,751
5.50%, 04/15/2027^(a)			491		401,780
6.50%, 02/01/2029^(a)			233		175,745
DISH DBS Corp. 5.25%, 12/01/2026^(a)			2,160		1,847,254
5.75%, 12/01/2028^(a)			754		578,303
Gray Television, Inc. 7.00%, 05/15/2027^(a)			806		774,469
LCPR Senior Secured Financing DAC 5.125%, 07/15/2029^(a)			1,424		1,151,432
6.75%, 10/15/2027^(a)			2,212		2,019,268
McGraw-Hill Education, Inc. 5.75%, 08/01/2028^(a)			1,225		1,200,855


	Principal Amount (000)			U.S. $ Value

Nexstar Media, Inc. 4.75%, 11/01/2028^(a)		U.S.$	1,130	$	1,052,222
Outfront Media Capital LLC/Outfront Media Capital Corp. 4.25%, 01/15/2029^(a)			678		641,158
Pinewood Finco PLC 3.25%, 09/30/2025^(a)		GBP	620		796,795
Radiate Holdco LLC/Radiate Finance, Inc. 4.50%, 09/15/2026^(a)		U.S.$	787		623,336
Sinclair Television Group, Inc. 5.50%, 03/01/2030^(a)			78		46,611
TEGNA, Inc. 4.625%, 03/15/2028			2,001		1,880,420
Univision Communications, Inc. 4.50%, 05/01/2029^(a)			2,457		2,156,362
6.625%, 06/01/2027^(a)			1,934		1,914,428
7.375%, 06/30/2030^(a)			2,600		2,494,674
Virgin Media Finance PLC 3.75%, 07/15/2030^(a)		EUR	210		205,815
5.00%, 07/15/2030^(a)		U.S.$	115		99,700
Virgin Media Vendor Financing Notes IV DAC 5.00%, 07/15/2028^(a)			2,417		2,281,310
Ziggo Bond Co. BV 5.125%, 02/28/2030^(a)			1,490		1,343,935
Ziggo BV 4.875%, 01/15/2030^(a)			3,065		2,853,055

					33,316,351


Communications - Telecommunications – 1.6%
Altice Financing SA 2.25%, 01/15/2025^(a)		EUR	106		115,331
5.00%, 01/15/2028^(a)		U.S.$	2,689		2,157,708
Altice France SA 5.125%, 07/15/2029^(a)			967		676,842
5.50%, 01/15/2028^(a)			489		348,642
5.50%, 10/15/2029^(a)			1,902		1,340,910
8.125%, 02/01/2027^(a)			588		474,175
Lorca Telecom Bondco SA 4.00%, 09/18/2027^(a)		EUR	1,164		1,280,830
Nexstar Media, Inc. 5.625%, 07/15/2027^(a)		U.S.$	1,308		1,278,217
United Group BV 3.625%, 02/15/2028^(a)		EUR	147		156,801
4.625%, 08/15/2028^(a)			154		168,284
7.792% (EURIBOR 3 Month + 4.25%), 02/01/2029^{(a) (b)}			210		232,779
Vmed O2 UK Financing I PLC 4.75%, 07/15/2031^(a)		U.S.$	1,200		1,053,396
7.75%, 04/15/2032^(a)			1,015		1,033,422

					10,317,337


	Principal Amount (000)			U.S. $ Value

Consumer Cyclical - Automotive – 3.9%
Allison Transmission, Inc. 4.75%, 10/01/2027^(a)		U.S.$	197	$	193,202
5.875%, 06/01/2029^(a)			1,587		1,592,285
American Axle & Manufacturing, Inc. 6.875%, 07/01/2028			525		527,315
Aston Martin Capital Holdings Ltd. 10.00%, 03/31/2029^(a)			1,004		1,022,082
Clarios Global LP/Clarios US Finance Co. 4.375%, 05/15/2026^(a)		EUR	430		475,015
Dana, Inc. 4.25%, 09/01/2030		U.S.$	578		521,668
5.625%, 06/15/2028			165		162,779
Goodyear Tire & Rubber Co. (The) 5.00%, 07/15/2029			2,936		2,727,926
IHO Verwaltungs GmbH 4.75%, 09/15/2026^{(a) (d)}			1,435		1,405,468
6.00%, 05/15/2027^{(a) (d)}			1,324		1,306,514
6.375%, 05/15/2029^{(a) (d)}			662		651,865
8.75%, 05/15/2028^{(a) (d)}		EUR	377		445,912
Jaguar Land Rover Automotive PLC 4.50%, 10/01/2027^(a)		U.S.$	1,867		1,828,614
5.50%, 07/15/2029^(a)			1,075		1,072,538
6.875%, 11/15/2026^(a)		EUR	478		561,405
7.75%, 10/15/2025^(a)		U.S.$	293		293,996
PM General Purchaser LLC 9.50%, 10/01/2028^(a)			5,026		5,153,359
Tenneco, Inc. 8.00%, 11/17/2028^(a)			1,422		1,327,309
ZF Europe Finance BV 2.00%, 02/23/2026^(a)		EUR	300		321,161
ZF Finance GmbH Series E 3.00%, 09/21/2025^(a)			200		218,495
ZF North America Capital, Inc. 4.75%, 04/29/2025^(a)		U.S.$	1,568		1,553,747
6.75%, 04/23/2030^(a)			1,240		1,273,542
6.875%, 04/14/2028^(a)			234		241,935

					24,878,132


Consumer Cyclical - Entertainment – 2.5%
Boyne USA, Inc. 4.75%, 05/15/2029^(a)			1,505		1,443,746
Carnival Corp. 5.75%, 03/01/2027^(a)			361		362,144
5.75%, 01/15/2030^(a)		EUR	189		220,313
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op 5.375%, 04/15/2027		U.S.$	821		817,223
CPUK Finance Ltd. 4.50%, 08/28/2027^(a)		GBP	400		491,493


	Principal Amount (000)			U.S. $ Value

Lindblad Expeditions LLC 6.75%, 02/15/2027^(a)		U.S.$	396	$	393,418
Motion Bondco DAC 4.50%, 11/15/2027^(a)		EUR	239		245,446
Motion Finco SARL 7.375%, 06/15/2030^(a)			219		244,239
NCL Corp., Ltd. 3.625%, 12/15/2024^(a)		U.S.$	891		885,520
5.875%, 02/15/2027^(a)			1,167		1,168,529
8.375%, 02/01/2028^(a)			270		284,350
Royal Caribbean Cruises Ltd. 3.70%, 03/15/2028			200		191,408
5.375%, 07/15/2027^(a)			299		299,637
5.50%, 08/31/2026^(a)			244		244,703
5.50%, 04/01/2028^(a)			2,439		2,456,073
7.25%, 01/15/2030^(a)			143		151,251
SeaWorld Parks & Entertainment, Inc. 5.25%, 08/15/2029^(a)			2,827		2,729,808
Viking Cruises Ltd. 5.875%, 09/15/2027^(a)			82		81,864
Viking Ocean Cruises Ship VII Ltd. 5.625%, 02/15/2029^(a)			227		224,914
VOC Escrow Ltd. 5.00%, 02/15/2028^(a)			2,870		2,819,431

					15,755,510


Consumer Cyclical - Other – 6.3%
Brookfield Residential Properties, Inc./Brookfield Residential US LLC 4.875%, 02/15/2030^(a)			362		337,500
Builders FirstSource, Inc. 5.00%, 03/01/2030^(a)			1,234		1,198,078
Churchill Downs, Inc. 4.75%, 01/15/2028^(a)			3,024		2,949,882
Cirsa Finance International SARL 6.50%, 03/15/2029^(a)		EUR	668		765,569
Forestar Group, Inc. 3.85%, 05/15/2026^(a)		U.S.$	2,278		2,220,708
Genting New York LLC/GENNY Capital, Inc. 3.30%, 02/15/2026^(a)			588		568,766
Hilton Domestic Operating Co., Inc. 3.625%, 02/15/2032^(a)			115		103,161
3.75%, 05/01/2029^(a)			2,077		1,956,638
4.875%, 01/15/2030			641		628,590
5.375%, 05/01/2025^(a)			105		104,773
5.875%, 04/01/2029^(a)			1,365		1,390,225
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc 4.875%, 07/01/2031^(a)			35		31,338
5.00%, 06/01/2029^(a)			2,690		2,542,319


	Principal Amount (000)			U.S. $ Value

International Game Technology PLC 3.50%, 06/15/2026^(a)		EUR	300	$	330,672
5.25%, 01/15/2029^(a)		U.S.$	55		54,295
Marriott Ownership Resorts, Inc. 4.50%, 06/15/2029^(a)			3,825		3,559,468
Mattamy Group Corp. 5.25%, 12/15/2027^(a)			1,653		1,631,660
MGM Resorts International 4.75%, 10/15/2028			3,541		3,448,934
5.50%, 04/15/2027			115		115,014
Miller Homes Group Finco PLC 7.00%, 05/15/2029^(a)		GBP	276		348,728
8.792% (EURIBOR 3 Month + 5.25%), 05/15/2028^{(a) (b)}		EUR	194		216,218
Playtech PLC 4.25%, 03/07/2026^(a)			130		143,428
5.875%, 06/28/2028^(a)			620		701,582
Resorts World Las Vegas LLC/RWLV Capital, Inc. 4.625%, 04/16/2029^(a)		U.S.$	2,315		2,083,430
Shea Homes LP/Shea Homes Funding Corp. 4.75%, 02/15/2028			1,569		1,531,391
Standard Industries, Inc./NY 4.75%, 01/15/2028^(a)			1,512		1,473,142
Taylor Morrison Communities, Inc. 5.75%, 01/15/2028^(a)			22		22,186
5.875%, 06/15/2027^(a)			2,981		3,019,604
Thor Industries, Inc. 4.00%, 10/15/2029^(a)			821		750,033
Travel + Leisure Co. 4.50%, 12/01/2029^(a)			1,722		1,603,819
6.625%, 07/31/2026^(a)			1,728		1,758,655
Wyndham Hotels & Resorts, Inc. 4.375%, 08/15/2028^(a)			400		383,316
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. 5.25%, 05/15/2027^(a)			1,774		1,762,150

					39,735,272


Consumer Cyclical - Restaurants – 1.0%
1011778 BC ULC/New Red Finance, Inc. 3.50%, 02/15/2029^(a)			1,208		1,127,849
3.875%, 01/15/2028^(a)			1,011		966,597
4.00%, 10/15/2030^(a)			1,160		1,062,630
4.375%, 01/15/2028^(a)			1,077		1,039,273
5.75%, 04/15/2025^(a)			452		451,268
IRB Holding Corp. 7.00%, 06/15/2025^(a)			340		340,323
Papa John’s International, Inc. 3.875%, 09/15/2029^(a)			279		255,438


	Principal Amount (000)			U.S. $ Value

Yum! Brands, Inc. 4.75%, 01/15/2030^(a)		U.S.$	1,054	$	1,034,796

					6,278,174


Consumer Cyclical - Retailers – 3.5%
Arko Corp. 5.125%, 11/15/2029^(a)			1,114		990,702
Beacon Roofing Supply, Inc. 4.125%, 05/15/2029^(a)			65		60,746
6.50%, 08/01/2030^(a)			724		743,519
Global Auto Holdings Ltd./AAG FH UK Ltd. 8.375%, 01/15/2029^(a)			4,097		4,038,823
Group 1 Automotive, Inc. 4.00%, 08/15/2028^(a)			3,008		2,846,350
LCM Investments Holdings II LLC 4.875%, 05/01/2029^(a)			1,995		1,900,696
8.25%, 08/01/2031^(a)			405		430,535
Levi Strauss & Co. 3.50%, 03/01/2031^(a)			1,186		1,072,346
Macy’s Retail Holdings LLC 5.875%, 03/15/2030^(a)			327		317,262
Murphy Oil USA, Inc. 4.75%, 09/15/2029			2,847		2,764,095
PetSmart, Inc./PetSmart Finance Corp. 4.75%, 02/15/2028^(a)			2,056		1,966,482
7.75%, 02/15/2029^(a)			1,226		1,207,549
Sonic Automotive, Inc. 4.625%, 11/15/2029^(a)			2,535		2,369,059
Specialty Building Products Holdings LLC/SBP Finance Corp. 6.375%, 09/30/2026^(a)			1,166		1,159,261

					21,867,425


Consumer Non-Cyclical – 9.3%
AdaptHealth LLC 5.125%, 03/01/2030^(a)			433		395,788
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC 3.25%, 03/15/2026^(a)			200		193,716
4.625%, 01/15/2027^(a)			1,544		1,510,001
6.50%, 02/15/2028^(a)			115		116,464
7.50%, 03/15/2026^(a)			185		187,128
Avantor Funding, Inc. 2.625%, 11/01/2025^(a)		EUR	346		378,529
Bausch + Lomb Corp. 8.375%, 10/01/2028^(a)		U.S.$	1,984		2,089,370
CAB SELAS 3.375%, 02/01/2028^(a)		EUR	859		879,905
Cheplapharm Arzneimittel GmbH 5.50%, 01/15/2028^(a)		U.S.$	115		110,402
7.50%, 05/15/2030^(a)		EUR	1,040		1,200,769


	Principal Amount (000)			U.S. $ Value

CHS/Community Health Systems, Inc. 5.625%, 03/15/2027^(a)		U.S.$	2,084	$	2,020,313
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC 6.625%, 07/15/2030^(a)			697		721,632
DaVita, Inc. 4.625%, 06/01/2030^(a)			3,315		3,119,879
Elanco Animal Health, Inc. 6.65%, 08/28/2028			3,089		3,208,390
Embecta Corp. 5.00%, 02/15/2030^(a)			2,002		1,806,164
6.75%, 02/15/2030^(a)			366		338,103
Emergent BioSolutions, Inc. 3.875%, 08/15/2028^(a)			1,030		762,416
Endo Finance Holdings, Inc. 8.50%, 04/15/2031^(a)			539		572,499
Fortrea Holdings, Inc. 7.50%, 07/01/2030^(a)			2,909		2,970,293
Grifols SA 3.875%, 10/15/2028^(a)		EUR	481		499,004
4.75%, 10/15/2028^(a)		U.S.$	3,227		3,063,101
Gruenenthal GmbH 4.125%, 05/15/2028^(a)		EUR	907		987,855
Hologic, Inc. 3.25%, 02/15/2029^(a)		U.S.$	115		106,290
Iceland Bondco PLC 9.042% (EURIBOR 3 Month + 5.50%), 12/15/2027^{(a) (b)}		EUR	199		224,027
10.875%, 12/15/2027^(a)		GBP	118		166,599
IQVIA, Inc. 1.75%, 03/15/2026^(a)		EUR	798		859,784
Jazz Securities DAC 4.375%, 01/15/2029^(a)		U.S.$	2,739		2,609,034
Lamb Weston Holdings, Inc. 4.875%, 05/15/2028^(a)			1,756		1,728,606
Medline Borrower LP 3.875%, 04/01/2029^(a)			1,200		1,134,876
ModivCare Escrow Issuer, Inc. 5.00%, 10/01/2029^(a)			2,845		2,033,236
MPH Acquisition Holdings LLC 5.50%, 09/01/2028^(a)			4,793		3,496,829
Newell Brands, Inc. 5.70%, 04/01/2026			1,226		1,222,788
6.375%, 09/15/2027			42		42,302
Organon & Co./Organon Foreign Debt Co-Issuer BV 4.125%, 04/30/2028^(a)			4,180		3,994,324
Owens & Minor, Inc. 4.50%, 03/31/2029^(a)			6		5,467
6.625%, 04/01/2030^(a)			844		817,034
Performance Food Group, Inc. 5.50%, 10/15/2027^(a)			1,606		1,598,099


	Principal Amount (000)				U.S. $ Value

Perrigo Finance Unlimited Co. 4.375%, 03/15/2026		U.S.$	1,787		$	1,759,284
Post Holdings, Inc. 4.625%, 04/15/2030^(a)			2,178			2,070,472
5.50%, 12/15/2029^(a)			890			874,203
5.625%, 01/15/2028^(a)			100			99,711
Premier Foods Finance PLC 3.50%, 10/15/2026^(a)		GBP	200			255,248
Primo Water Holdings, Inc. 4.375%, 04/30/2029^(a)		U.S.$	3,010			2,852,186
Spectrum Brands, Inc. 3.875%, 03/15/2031^(a)			71			63,309
Tenet Healthcare Corp. 4.625%, 06/15/2028			200			195,620
5.125%, 11/01/2027			1,810			1,795,285
US Foods, Inc. 4.75%, 02/15/2029^(a)			1,865			1,818,394

						58,954,728


Energy – 9.8%
Antero Midstream Partners LP/Antero Midstream Finance Corp. 5.375%, 06/15/2029^(a)			1,195			1,181,090
5.75%, 01/15/2028^(a)			1,180			1,181,581
Blue Racer Midstream LLC/Blue Racer Finance Corp. 7.00%, 07/15/2029^(a)			1,479			1,538,870
Buckeye Partners LP 3.95%, 12/01/2026			22			21,384
4.125%, 03/01/2025^(a)			852			845,337
4.50%, 03/01/2028^(a)			2,542			2,445,379
6.875%, 07/01/2029^(a)			732			750,036
California Resources Corp. 8.25%, 06/15/2029^(a)			115			118,573
CITGO Petroleum Corp. 6.375%, 06/15/2026^(a)			356			357,862
7.00%, 06/15/2025^(a)			1,631			1,633,577
8.375%, 01/15/2029^(a)			1,075			1,116,764
Civitas Resources, Inc. 5.00%, 10/15/2026^(a)			908			897,177
8.375%, 07/01/2028^(a)			2,433			2,569,783
CNX Resources Corp. 6.00%, 01/15/2029^(a)			3,495			3,509,644
EQM Midstream Partners LP 4.125%, 12/01/2026			1,878			1,845,229
4.50%, 01/15/2029^(a)			218			211,301
5.50%, 07/15/2028			480			483,864
Genesis Energy LP/Genesis Energy Finance Corp. 8.25%, 01/15/2029			885			920,329
8.875%, 04/15/2030			533			565,481
Gulfport Energy Corp. 8.00%, 05/17/2026^(a)			64			65,218
8.00%, 05/17/2026			0	**		371


	Principal Amount (000)			U.S. $ Value

Harbour Energy PLC 5.50%, 10/15/2026^(a)		U.S.$	315	$	312,597
Hess Midstream Operations LP 4.25%, 02/15/2030^(a)			271		256,268
5.125%, 06/15/2028^(a)			1,226		1,212,085
Hilcorp Energy I LP/Hilcorp Finance Co. 5.75%, 02/01/2029^(a)			11		10,930
6.00%, 04/15/2030^(a)			1,076		1,072,783
6.25%, 11/01/2028^(a)			2,502		2,516,912
6.25%, 04/15/2032^(a)			960		958,608
Howard Midstream Energy Partners LLC 8.875%, 07/15/2028^(a)			1,520		1,621,734
ITT Holdings LLC 6.50%, 08/01/2029^(a)			1,094		1,033,808
Kodiak Gas Services LLC 7.25%, 02/15/2029^(a)			319		330,567
Murphy Oil Corp. 6.375%, 07/15/2028			517		523,917
7.05%, 05/01/2029			203		213,424
Nabors Industries, Inc. 7.375%, 05/15/2027^(a)			2,930		2,961,820
New Fortress Energy, Inc. 6.50%, 09/30/2026^(a)			2,690		2,321,927
6.75%, 09/15/2025^(a)			952		928,486
8.75%, 03/15/2029^(a)			2,454		2,056,035
NGL Energy Operating LLC/NGL Energy Finance Corp. 8.125%, 02/15/2029^(a)			2,005		2,051,336
NuStar Logistics LP 5.625%, 04/28/2027			411		412,188
5.75%, 10/01/2025			2,168		2,169,257
PBF Holding Co., LLC/PBF Finance Corp. 6.00%, 02/15/2028			4,152		4,107,740
Southwestern Energy Co. 5.375%, 02/01/2029			1,618		1,597,548
Sunoco LP/Sunoco Finance Corp. 4.50%, 05/15/2029			23		22,095
7.00%, 09/15/2028^(a)			2,647		2,755,845
Talos Production, Inc. 9.00%, 02/01/2029^(a)			610		647,625
Transocean, Inc. 8.75%, 02/15/2030^(a)			1,488		1,570,488
Venture Global Calcasieu Pass LLC 6.25%, 01/15/2030^(a)			370		384,955
Venture Global LNG, Inc. 7.00%, 01/15/2030^(a)			1,851		1,894,591
8.125%, 06/01/2028^(a)			2,700		2,828,331
9.50%, 02/01/2029^(a)			691		778,702

					61,811,452


	Principal Amount (000)			U.S. $ Value

Other Industrial – 1.3%
American Builders & Contractors Supply Co., Inc. 4.00%, 01/15/2028^(a)		U.S.$	3,871	$	3,722,624
Belden, Inc. 3.375%, 07/15/2031^(a)		EUR	693		715,027
Gates Corp./DE 6.875%, 07/01/2029^(a)		U.S.$	340		349,143
Ritchie Bros Holdings, Inc. 6.75%, 03/15/2028^(a)			1,777		1,830,612
SIG PLC 5.25%, 11/30/2026^(a)		EUR	958		997,051
Velocity Vehicle Group LLC 8.00%, 06/01/2029^(a)		U.S.$	634		659,113

					8,273,570


Services – 4.7%
Allied Universal Holdco LLC 7.875%, 02/15/2031^(a)			2,593		2,631,999
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL 3.625%, 06/01/2028^(a)		EUR	160		165,615
4.625%, 06/01/2028^(a)		U.S.$	3,974		3,684,977
ANGI Group LLC 3.875%, 08/15/2028^(a)			959		868,097
APCOA Holdings GmbH 4.625%, 01/15/2027^(a)		EUR	210		226,749
APX Group, Inc. 5.75%, 07/15/2029^(a)		U.S.$	976		968,270
6.75%, 02/15/2027^(a)			2,275		2,277,252
Aramark Services, Inc. 5.00%, 04/01/2025^(a)			506		506,000
5.00%, 02/01/2028^(a)			1,910		1,872,106
Block, Inc. 2.75%, 06/01/2026			2,577		2,476,497
Boost Newco Borrower LLC 7.50%, 01/15/2031^(a)			1,879		2,004,949
Boost Newco Borrower LLC/GTCR W Dutch Finance Sub BV 8.50%, 01/15/2031^(a)		GBP	132		187,441
Brink’s Co. (The) 4.625%, 10/15/2027^(a)		U.S.$	200		195,320
Cars.com, Inc. 6.375%, 11/01/2028^(a)			1,545		1,537,800
Garda World Security Corp. 4.625%, 02/15/2027^(a)			2,945		2,871,434
6.00%, 06/01/2029^(a)			115		108,592
7.75%, 02/15/2028^(a)			493		515,239
Millennium Escrow Corp. 6.625%, 08/01/2026^(a)			748		447,199


	Principal Amount (000)			U.S. $ Value

Prime Security Services Borrower LLC/Prime Finance, Inc. 5.75%, 04/15/2026^(a)		U.S.$	1,236	$	1,240,301
6.25%, 01/15/2028^(a)			2,080		2,072,783
Techem Verwaltungsgesellschaft 675 mbH 5.375%, 07/15/2029^(a)		EUR	777		877,890
ZipRecruiter, Inc. 5.00%, 01/15/2030^(a)		U.S.$	2,513		2,253,860

					29,990,370


Technology – 1.7%
Clarivate Science Holdings Corp. 3.875%, 07/01/2028^(a)			1,997		1,903,221
Gen Digital, Inc. 6.75%, 09/30/2027^(a)			2,606		2,672,661
GoTo Group, Inc. 5.50%, 05/01/2028^(a)			608		328,707
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL 8.75%, 05/01/2029^(a)			115		119,782
Playtika Holding Corp. 4.25%, 03/15/2029^(a)			1,972		1,776,121
Rackspace Finance LLC 3.50%, 05/15/2028^(a)			1,075		481,926
Seagate HDD Cayman 4.091%, 06/01/2029			1,144		1,088,939
Virtusa Corp. 7.125%, 12/15/2028^(a)			269		254,235
Western Digital Corp. 4.75%, 02/15/2026			2,439		2,416,073

					11,041,665


Transportation - Airlines – 1.6%
Allegiant Travel Co. 7.25%, 08/15/2027^(a)			1,537		1,461,795
American Airlines, Inc. 7.25%, 02/15/2028^(a)			972		978,153
8.50%, 05/15/2029^(a)			787		817,968
American Airlines, Inc./AAdvantage Loyalty IP Ltd. 5.50%, 04/20/2026^(a)			1,521		1,513,191
Avianca Midco 2 PLC 9.00%, 12/01/2028^(a)			15		14,579
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. 11.00%, 04/15/2029^(a)			766		779,414
JetBlue Airways Corp./JetBlue Loyalty LP 9.875%, 09/20/2031^(a)			2,026		2,003,390
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd. 8.00%, 09/20/2025^(a)			716		447,727


	Principal Amount (000)			U.S. $ Value

United Airlines, Inc. 4.375%, 04/15/2026^(a)		U.S.$	1,726	$	1,685,922
4.625%, 04/15/2029^(a)			788		750,365

					10,452,504


Transportation - Services – 2.5%
Albion Financing 1 SARL/Aggreko Holdings, Inc. 5.25%, 10/15/2026^(a)		EUR	253		281,051
6.125%, 10/15/2026^(a)		U.S.$	2,850		2,833,385
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. 4.75%, 04/01/2028^(a)			2,155		2,000,982
5.375%, 03/01/2029^(a)			1,078		990,563
5.75%, 07/15/2027^(a)			69		67,076
8.00%, 02/15/2031^(a)			119		118,353
BCP V Modular Services Finance II PLC 4.75%, 11/30/2028^(a)		EUR	1,295		1,376,385
Boels Topholding BV 6.25%, 02/15/2029^(a)			492		565,698
Hertz Corp. (The) 4.625%, 12/01/2026^(a)		U.S.$	2,291		1,798,023
5.00%, 12/01/2029^(a)			921		618,092
12.625%, 07/15/2029^(a)			763		814,190
Loxam SAS 4.50%, 02/15/2027^(a)		EUR	104		115,549
6.375%, 05/31/2029^(a)			205		238,024
Mundys SpA 1.875%, 02/12/2028^(a)			573		592,234
NAC Aviation 29 DAC 4.75%, 06/30/2026		U.S.$	325		312,087
PROG Holdings, Inc. 6.00%, 11/15/2029^(a)			1,828		1,784,256
United Rentals North America, Inc. 4.875%, 01/15/2028			1,582		1,559,552

					16,065,500

					430,811,114


Financial Institutions – 9.0%
Banking – 2.1%
Ally Financial, Inc. 5.75%, 11/20/2025			775		777,333
Bread Financial Holdings, Inc. 7.00%, 01/15/2026^(a)			144		144,091
9.75%, 03/15/2029^(a)			4,120		4,448,034
CaixaBank SA 5.875%, 10/09/2027^{(a) (e)}		EUR	200		221,322
Citigroup, Inc. Series AA 7.625%, 11/15/2028^(e)		U.S.$	205		216,833
Series V 4.70%, 01/30/2025^(e)			147		145,874
Series W 4.00%, 12/10/2025^(e)			207		201,034


	Principal Amount (000)			U.S. $ Value

Series X 3.875%, 02/18/2026^(e)		U.S.$	154	$	147,668
Freedom Mortgage Corp. 12.00%, 10/01/2028^(a)			600		653,472
Goldman Sachs Group, Inc. (The) Series P 8.238% (CME Term SOFR 3 Month + 3.14%), 09/30/2024^{(b) (e)}			356		356,644
Intesa Sanpaolo SpA 4.198%, 06/01/2032^(a)			1,525		1,338,248
5.71%, 01/15/2026^(a)			1,436		1,440,811
UBS Group AG 7.00%, 02/19/2025^{(a) (e)}			401		401,485
UniCredit SpA 5.861%, 06/19/2032^(a)			426		425,174
7.296%, 04/02/2034^(a)			2,175		2,283,772

					13,201,795


Brokerage – 1.2%
AG Issuer LLC 6.25%, 03/01/2028^(a)			2,147		2,090,770
AG TTMT Escrow Issuer LLC 8.625%, 09/30/2027^(a)			1,936		2,001,224
Aretec Group, Inc. 10.00%, 08/15/2030^(a)			2,153		2,324,831
VFH Parent LLC/Valor Co-Issuer, Inc. 7.50%, 06/15/2031^(a)			1,068		1,110,154

					7,526,979


Finance – 3.3%
Castlelake Aviation Finance DAC 5.00%, 04/15/2027^(a)			2,319		2,264,016
Curo Group Holdings Corp. 13.00%, 08/01/2028^{(f) (g)}			1,006		1,045,267
Enova International, Inc. 9.125%, 08/01/2029^(a)			1,368		1,388,753
11.25%, 12/15/2028^(a)			1,667		1,793,109
Freedom Mortgage Holdings LLC 9.25%, 02/01/2029^(a)			1,508		1,543,905
GGAM Finance Ltd. 7.75%, 05/15/2026^(a)			788		808,259
8.00%, 02/15/2027^(a)			674		702,942
8.00%, 06/15/2028^(a)			1,711		1,829,607
goeasy Ltd. 7.625%, 07/01/2029^(a)			1,092		1,125,612
9.25%, 12/01/2028^(a)			954		1,026,313
Jefferies Finance LLC/JFIN Co-Issuer Corp. 5.00%, 08/15/2028^(a)			3,595		3,415,502
Midcap Financial Issuer Trust 6.50%, 05/01/2028^(a)			1,531		1,470,878


	Principal Amount (000)			U.S. $ Value

Navient Corp. 4.875%, 03/15/2028		U.S.$	1,873	$	1,784,557
6.75%, 06/25/2025			607		609,027
9.375%, 07/25/2030			115		124,753
SLM Corp. 4.20%, 10/29/2025			306		302,704

					21,235,204


Insurance – 0.7%
Acrisure LLC/Acrisure Finance, Inc. 4.25%, 02/15/2029^(a)			1,777		1,662,526
7.50%, 11/06/2030^(a)			253		260,084
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer 6.75%, 04/15/2028^(a)			254		258,862
AmWINS Group, Inc. 6.375%, 02/15/2029^(a)			454		465,336
AssuredPartners, Inc. 5.625%, 01/15/2029^(a)			569		543,719
Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US Refinance LLC 7.25%, 02/15/2031^(a)			541		557,738
HUB International Ltd. 7.25%, 06/15/2030^(a)			447		467,522

					4,215,787


Other Finance – 0.6%
Encore Capital Group, Inc. 4.875%, 10/15/2025^(a)		EUR	502		554,025
8.50%, 05/15/2030^(a)		U.S.$	1,681		1,759,906
9.25%, 04/01/2029^(a)			1,118		1,191,821

					3,505,752


REITs – 1.1%
Aedas Homes Opco SL 4.00%, 08/15/2026^(a)		EUR	826		912,151
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL 4.50%, 04/01/2027^(a)		U.S.$	908		877,173
Five Point Operating Co. LP/Five Point Capital Corp. 10.50%, 01/15/2028^{(a) (c)}			745		765,111
Iron Mountain, Inc. 5.25%, 03/15/2028^(a)			767		758,387
5.25%, 07/15/2030^(a)			11		10,720
Newmark Group, Inc. 7.50%, 01/12/2029			260		276,546
Office Properties Income Trust 9.00%, 09/30/2029^(a)			122		99,156


	Principal Amount (000)			U.S. $ Value

Service Properties Trust 8.375%, 06/15/2029		U.S.$	3,516	$	3,475,285

					7,174,529

					56,860,046


Utility – 1.0%
Electric – 1.0%
Calpine Corp. 4.50%, 02/15/2028^(a)			2,439		2,365,098
NextEra Energy Operating Partners LP 7.25%, 01/15/2029^(a)			115		120,457
NRG Energy, Inc. 3.375%, 02/15/2029^(a)			3,058		2,808,926
3.625%, 02/15/2031^(a)			1,110		995,936
Vistra Operations Co., LLC 5.50%, 09/01/2026^(a)			288		287,764
5.625%, 02/15/2027^(a)			11		10,985

					6,589,166


Total Corporates - Non-Investment Grade (cost $486,324,191)					494,260,326


CORPORATES - INVESTMENT GRADE – 9.5%
Industrial – 4.9%
Basic – 0.1%
Westlake Corp. 3.60%, 08/15/2026			843		826,410


Capital Goods – 0.5%
Rolls-Royce PLC 3.625%, 10/14/2025^(a)			3,277		3,214,016


Communications - Media – 1.3%
DirecTV Financing LLC 8.875%, 02/01/2030^(a)			1,058		1,073,764
DirecTV Financing LLC/DirecTV Financing Co-Obligor, Inc. 5.875%, 08/15/2027^(a)			3,652		3,535,465
Paramount Global 3.70%, 06/01/2028			553		518,227
4.20%, 06/01/2029			510		479,354
Warnermedia Holdings, Inc. 4.279%, 03/15/2032			2,740		2,395,473

					8,002,283


Consumer Cyclical - Automotive – 0.9%
Ford Motor Credit Co., LLC 2.70%, 08/10/2026			254		242,743
4.95%, 05/28/2027			731		727,104
5.80%, 03/08/2029			846		861,448
7.35%, 11/04/2027			1,437		1,521,208
Harley-Davidson Financial Services, Inc. 3.05%, 02/14/2027^(a)			796		761,406


	Principal Amount (000)			U.S. $ Value

Nissan Motor Acceptance Co., LLC 1.85%, 09/16/2026^(a)		U.S.$	23	$	21,438
2.75%, 03/09/2028^(a)			335		305,185
Nissan Motor Co., Ltd. 4.345%, 09/17/2027^(a)			1,110		1,076,522

					5,517,054


Consumer Cyclical - Entertainment – 0.7%
Carnival Corp. 4.00%, 08/01/2028^(a)			2,283		2,174,055
7.00%, 08/15/2029^(a)			1,311		1,378,818
Mattel, Inc. 3.375%, 04/01/2026^(a)			1,100		1,071,180

					4,624,053


Consumer Cyclical - Other – 0.6%
Flutter Treasury Designated Activity Co. 5.00%, 04/29/2029^(a)		EUR	139		157,570
6.375%, 04/29/2029^(a)		U.S.$	205		211,068
Las Vegas Sands Corp. 2.90%, 06/25/2025			3,246		3,173,842

					3,542,480


Consumer Cyclical - Retailers – 0.2%
VF Corp. 2.80%, 04/23/2027			1,112		1,040,443


Energy – 0.5%
EnLink Midstream Partners LP 4.15%, 06/01/2025			306		302,279
4.85%, 07/15/2026			2,375		2,369,941
Var Energi ASA 7.50%, 01/15/2028^(a)			703		749,876

					3,422,096


Technology – 0.1%
Broadcom, Inc. 4.926%, 05/15/2037^(a)			200		195,500
CDW LLC/CDW Finance Corp. 3.276%, 12/01/2028			406		380,690

					576,190


Transportation - Railroads – 0.0%
Lima Metro Line 2 Finance Ltd. 4.35%, 04/05/2036^(a)			172		160,134
5.875%, 07/05/2034^(a)			84		84,924

					245,058


Transportation - Services – 0.0%
AerCap Global Aviation Trust 6.50%, 06/15/2045^(a)			291		290,453

					31,300,536


	Principal Amount (000)			U.S. $ Value

Financial Institutions – 4.5%
Banking – 4.0%
AIB Group PLC 6.608%, 09/13/2029^(a)		U.S.$	319	$	338,351
Ally Financial, Inc. 6.848%, 01/03/2030			1,201		1,270,586
Banco Santander SA 4.175%, 03/24/2028			400		393,428
5.179%, 11/19/2025			400		399,760
9.625%, 05/21/2033^(e)			1,000		1,160,220
Bank of Ireland Group PLC 5.601%, 03/20/2030^(a)			752		770,018
Barclays PLC 5.69%, 03/12/2030			1,323		1,363,285
CaixaBank SA 5.673%, 03/15/2030^(a)			1,324		1,362,025
6.684%, 09/13/2027^(a)			718		743,180
Capital One Financial Corp. 5.463%, 07/26/2030			1,573		1,600,559
5.70%, 02/01/2030			751		773,462
Deutsche Bank AG/New York NY 3.729%, 01/14/2032			2,837		2,505,979
7.146%, 07/13/2027			574		595,588
HSBC Holdings PLC 5.546%, 03/04/2030			3,287		3,379,102
Intesa Sanpaolo SpA 7.00%, 11/21/2025^(a)			200		204,442
Lloyds Banking Group PLC 4.976%, 08/11/2033			403		399,982
7.953%, 11/15/2033			243		280,813
PNC Financial Services Group, Inc. (The) Series R 8.317% (CME Term SOFR 3 Month + 3.30%), 12/01/2024^{(b) (e)}			517		519,709
Santander Holdings USA, Inc. 6.174%, 01/09/2030			145		150,200
6.499%, 03/09/2029			341		355,625
Societe Generale SA 5.519%, 01/19/2028^(a)			2,545		2,561,924
Synchrony Financial 5.935%, 08/02/2030			610		621,078
Truist Financial Corp. Series L 8.703% (CME Term SOFR 3 Month + 3.36%), 12/15/2024^{(b) (e)}			842		845,941
Series N 4.80%, 03/01/2025^(e)			626		618,638
UBS Group AG 4.375%, 02/10/2031^{(a) (e)}			507		433,886
UniCredit SpA 1.982%, 06/03/2027^(a)			222		210,858
2.569%, 09/22/2026^(a)			482		468,774


	Principal Amount (000)			U.S. $ Value

Wells Fargo & Co. Series BB 3.90%, 03/15/2026^(e)		U.S.$	878	$	851,607

					25,179,020


Finance – 0.1%
Aviation Capital Group LLC 4.125%, 08/01/2025^(a)			3		2,965
4.875%, 10/01/2025^(a)			31		30,809
Blackstone Private Credit Fund 3.25%, 03/15/2027			429		406,434
FS KKR Capital Corp. 3.125%, 10/12/2028			115		103,162
3.40%, 01/15/2026			115		111,686

					655,056


Insurance – 0.3%
Athene Global Funding 1.985%, 08/19/2028^(a)			562		504,777
2.55%, 11/19/2030^(a)			117		101,968
2.717%, 01/07/2029^(a)			212		193,838
5.583%, 01/09/2029^(a)			93		95,629
Centene Corp. 4.625%, 12/15/2029			20		19,453
Hartford Financial Services Group, Inc. (The) Series ICON 7.505% (CME Term SOFR 3 Month + 2.39%), 02/12/2047^{(a) (b)}			859		775,265

					1,690,930


REITs – 0.1%
GLP Capital LP/GLP Financing II, Inc. 5.375%, 04/15/2026			79		79,067
Omega Healthcare Investors, Inc. 3.375%, 02/01/2031			440		392,132
Sabra Health Care LP 3.90%, 10/15/2029			334		312,377
Trust Fibra Uno 4.869%, 01/15/2030^(a)			211		194,384

					977,960

					28,502,966


Utility – 0.1%
Electric – 0.1%
Alexander Funding Trust II 7.467%, 07/31/2028^(a)			120		129,070
Pacific Gas and Electric Co. 5.55%, 05/15/2029			384		395,228

					524,298


Total Corporates - Investment Grade (cost $58,898,697)					60,327,800


	Principal Amount (000)			U.S. $ Value

EMERGING MARKETS - CORPORATE BONDS – 3.3%
Industrial – 3.0%
Basic – 0.4%
Braskem Idesa SAPI 6.99%, 02/20/2032^(a)		U.S.$	486	$	378,929
Braskem Netherlands Finance BV 4.50%, 01/10/2028^(a)			341		317,897
Cia de Minas Buenaventura SAA 5.50%, 07/23/2026^(a)			719		702,823
Consolidated Energy Finance SA 5.00%, 10/15/2028^(a)		EUR	320		294,684
CSN Resources SA 7.625%, 04/17/2026^(a)		U.S.$	274		273,608
First Quantum Minerals Ltd. 9.375%, 03/01/2029^(a)			549		581,435
Volcan Cia Minera SAA 4.375%, 02/11/2026^(a)			127		108,704

					2,658,080


Capital Goods – 0.3%
Embraer Netherlands Finance BV 5.40%, 02/01/2027			588		592,045
7.00%, 07/28/2030^(a)			370		396,363
Usiminas International SARL 5.875%, 07/18/2026^(a)			545		536,313

					1,524,721


Communications - Media – 0.1%
RCS & RDS SA 3.25%, 02/05/2028^(a)		EUR	200		211,971
Telecomunicaciones Digitales SA 4.50%, 01/30/2030^(a)		U.S.$	205		186,423

					398,394


Communications - Telecommunications – 0.0%
C&W Senior Finance Ltd. 6.875%, 09/15/2027^(a)			208		204,079


Consumer Cyclical - Other – 1.2%
Allwyn International AS 3.875%, 02/15/2027^(a)		EUR	805		877,689
Melco Resorts Finance Ltd. 4.875%, 06/06/2025^(a)		U.S.$	815		804,048
5.375%, 12/04/2029^(a)			428		390,293
5.625%, 07/17/2027^(a)			356		342,873
5.75%, 07/21/2028^(a)			1,178		1,121,751
MGM China Holdings Ltd. 5.25%, 06/18/2025^(a)			1,482		1,470,648
5.875%, 05/15/2026^(a)			216		215,055
Studio City Finance Ltd. 6.00%, 07/15/2025^(a)			468		466,830


	Principal Amount (000)			U.S. $ Value

Wynn Macau Ltd. 5.50%, 01/15/2026^(a)		U.S.$	1,775	$	1,752,812
5.625%, 08/26/2028^(a)			345		328,785

					7,770,784


Consumer Non-Cyclical – 0.4%
BRF SA 4.875%, 01/24/2030^(a)			784		736,960
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL 5.25%, 04/27/2029^(a)			113		108,940
Teva Pharmaceutical Finance Netherlands II BV 3.75%, 05/09/2027		EUR	482		525,085
Teva Pharmaceutical Finance Netherlands III BV 3.15%, 10/01/2026		U.S.$	490		469,753
4.75%, 05/09/2027			372		364,969
5.125%, 05/09/2029			372		368,514
Virgolino de Oliveira Finance SA 10.50%, 01/28/2018^{(f) (g) (h) (i) (j)}			424		42

					2,574,263


Energy – 0.5%
Ecopetrol SA 5.375%, 06/26/2026			274		273,230
8.625%, 01/19/2029			216		231,187
Gran Tierra Energy, Inc. 9.50%, 10/15/2029^(a)			216		209,925
Greenko Wind Projects Mauritius Ltd. 5.50%, 04/06/2025^(a)			200		198,813
Leviathan Bond Ltd. 6.125%, 06/30/2025^(a)			754		742,489
Medco Bell Pte Ltd. 6.375%, 01/30/2027^(a)			357		354,322
Oleoducto Central SA 4.00%, 07/14/2027^(a)			560		534,625
SierraCol Energy Andina LLC 6.00%, 06/15/2028^(a)			578		524,899
Tengizchevroil Finance Co. International Ltd. 3.25%, 08/15/2030^(a)			242		206,760

					3,276,250


Services – 0.1%
Bidvest Group UK PLC (The) 3.625%, 09/23/2026^(a)			377		359,281

					18,765,852


Utility – 0.2%
Electric – 0.2%
Empresa Electrica Cochrane SpA 5.50%, 05/14/2027^(a)			197		190,084


	Principal Amount (000)			U.S. $ Value

Empresas Publicas de Medellin ESP 4.25%, 07/18/2029^(a)		U.S.$	427	$	385,077
India Clean Energy Holdings 4.50%, 04/18/2027^(a)			200		187,063
Investment Energy Resources Ltd. 6.25%, 04/26/2029^(a)			247		243,989
Terraform Global Operating LP 6.125%, 03/01/2026^(a)			108		108,018

					1,114,231


Financial Institutions – 0.1%
Banking – 0.1%
Bank Tabungan Negara Persero TBK PT 4.20%, 01/23/2025^(a)			452		448,443


Brokerage – 0.0%
Banco BTG Pactual SA/Cayman Islands 4.50%, 01/10/2025^(a)			355		351,539

					799,982


Total Emerging Markets - Corporate Bonds (cost $21,305,138)					20,680,065


BANK LOANS – 1.5%
Industrial – 1.3%
Capital Goods – 0.1%
ACProducts Holdings, Inc. 9.846% (SOFR 3 Month + 4.25%), 05/17/2028^(k)			655		491,475


Communications - Media – 0.3%
Coral-US Co-Borrower LLC 8.451% (SOFR 1 Month + 3.00%), 10/15/2029^(k)			320		317,699
DIRECTV Financing LLC 10.611% (SOFR 1 Month + 5.25%), 08/02/2029^(k)			259		257,713
Gray Television, Inc. 8.457% (SOFR 1 Month + 3.00%), 12/01/2028^(k)			1,920		1,742,400

					2,317,812


Communications - Telecommunications – 0.1%
Crown Subsea Communications Holding, Inc. 9.252% (SOFR 3 Month + 4.00%), 01/30/2031^(k)			479		482,292


Consumer Non-Cyclical – 0.4%
Bausch + Lomb Corporation 8.662% (SOFR 1 Month + 3.25%), 05/10/2027^(k)			987		972,871
Gainwell Acquisition Corp. 9.435% (SOFR 3 Month + 4.00%), 10/01/2027^(k)			386		349,168


	Principal Amount (000)			U.S. $ Value

Neptune BidCo US, Inc. 0.000%, 04/11/2029^(l)		U.S.$	748	$	714,620
US Radiology Specialists, Inc. 10.585% (SOFR 1 Month + 5.25%), 12/15/2027^(k)			523		523,074

					2,559,733


Other Industrial – 0.1%
American Tire Distributors, Inc. 11.798% (SOFR 3 Month + 6.25%), 10/20/2028^(k)			1,113		749,940


Technology – 0.2%
Ascend Learning LLC 11.097% (SOFR 1 Month + 5.75%), 12/10/2029^(k)			300		287,250
FINThrive Software Intermediate Holdings, Inc. 12.111% (SOFR 1 Month + 6.75%), 12/17/2029^(k)			240		99,451
Loyalty Ventures, Inc. 14.00% (PRIME 3 Month + 5.50%), 11/03/2027^{(f) (h) (k) (m)}			550		4,124
Playtika Holding Corp. 8.111% (SOFR 1 Month + 2.75%), 03/13/2028^(k)			781		779,242

					1,170,067


Transportation - Airlines – 0.1%
SkyMiles IP Ltd. (Delta Air Lines, Inc.) 9.032% (SOFR 3 Month + 3.75%), 10/20/2027^(k)			448		457,799

					8,229,118


Financial Institutions – 0.2%
Finance – 0.0%
Orbit Private Holdings I Ltd. 10.014% (SOFR 6 Month + 4.50%), 12/11/2028^{(f) (k)}			107		108,054


Insurance – 0.2%
Asurion LLC 9.597% (SOFR 1 Month + 4.25%), 08/19/2028^(k)			978		971,163

					1,079,217


Total Bank Loans (cost $10,516,228)					9,308,335


EMERGING MARKETS - SOVEREIGNS – 0.9%
Angola – 0.2%
Angolan Government International Bond 9.125%, 11/26/2049^(a)			850		715,328


	Principal Amount (000)			U.S. $ Value

9.50%, 11/12/2025^(a)		U.S.$	710	$	723,091

					1,438,419


Bahrain – 0.1%
Bahrain Government International Bond 7.00%, 10/12/2028^(a)			570		596,897


Brazil – 0.1%
Brazilian Government International Bond 2.875%, 06/06/2025			547		536,640


Egypt – 0.0%
Egypt Government International Bond 7.50%, 01/31/2027^(a)			200		195,625


Ivory Coast – 0.1%
Ivory Coast Government International Bond 6.375%, 03/03/2028^(a)			760		754,695


Lebanon – 0.0%
Lebanon Government International Bond 6.85%, 03/23/2027^{(a) (h) (m)}			11		688
Series E 6.10%, 10/04/2022^{(a) (h) (i)}			210		13,125
Series G 6.60%, 11/27/2026^{(a) (h) (m)}			51		3,187

					17,000


Nigeria – 0.1%
Nigeria Government International Bond 7.625%, 11/28/2047^(a)			639		482,045


Senegal – 0.2%
Senegal Government International Bond 4.75%, 03/13/2028^(a)		EUR	499		520,066
6.75%, 03/13/2048^(a)		U.S.$	483		359,231

					879,297


South Africa – 0.1%
Republic of South Africa Government International Bond 4.30%, 10/12/2028			208		197,450
4.85%, 09/27/2027			540		532,861

					730,311


Total Emerging Markets - Sovereigns (cost $6,282,044)					5,630,929


COLLATERALIZED LOAN OBLIGATIONS – 0.7%
CLO - Floating Rate – 0.7%
Ares XXXIV CLO Ltd. Series 2015-2A, Class CR 7.547% (CME Term SOFR 3 Month + 2.26%), 04/17/2033^{(a) (b)}			644		644,169


	Principal Amount (000)			U.S. $ Value

Balboa Bay Loan Funding Ltd. Series 2020-1A, Class DR 8.694% (CME Term SOFR 3 Month + 3.41%), 01/20/2032^{(a) (b)}		U.S.$	250	$	250,502
Crown Point CLO 11 Ltd. Series 2021-11A, Class D 9.147% (CME Term SOFR 3 Month + 3.86%), 01/17/2034^{(a) (b)}			250		250,187
Elevation CLO Ltd. Series 2020-11A, Class C 7.763% (CME Term SOFR 3 Month + 2.46%), 04/15/2033^{(a) (b)}			250		250,000
Series 2020-11A, Class D1 9.413% (CME Term SOFR 3 Month + 4.11%), 04/15/2033^{(a) (b)}			282		282,100
Flatiron CLO 21 Ltd. Series 2021-1A, Class D 8.441% (CME Term SOFR 3 Month + 3.16%), 07/19/2034^{(a) (b)}			375		376,165
Greywolf CLO VI Ltd. Series 2018-1A, Class A1 6.569% (CME Term SOFR 3 Month + 1.29%), 04/26/2031^{(a) (b)}			321		321,717
Magnetite XXV Ltd. Series 2020-25A, Class D 8.846% (CME Term SOFR 3 Month + 3.56%), 01/25/2032^{(a) (b)}			250		250,564
Palmer Square CLO Ltd. Series 2021-3A, Class D 8.513% (CME Term SOFR 3 Month + 3.21%), 01/15/2035^{(a) (b)}			500		500,791
Regatta XIX Funding Ltd. Series 2022-1A, Class D 8.582% (CME Term SOFR 3 Month + 3.30%), 04/20/2035^{(a) (b)}			377		377,984
Regatta XX Funding Ltd. Series 2021-2A, Class D 8.663% (CME Term SOFR 3 Month + 3.36%), 10/15/2034^{(a) (b)}			250		250,639
Rockford Tower CLO Ltd. Series 2021-2A, Class D 8.794% (CME Term SOFR 3 Month + 3.51%), 07/20/2034^{(a) (b)}			250		248,512
Sound Point CLO XIX Ltd. Series 2018-1A, Class A 6.563% (CME Term SOFR 3 Month + 1.26%), 04/15/2031^{(a) (b)}			325		325,443


Total Collateralized Loan Obligations (cost $4,324,749)					4,328,773


QUASI-SOVEREIGNS – 0.4%
Quasi-Sovereign Bonds – 0.4%
Mexico – 0.2%
Petroleos Mexicanos 6.49%, 01/23/2027			1,127		1,093,404


	Principal Amount (000)			U.S. $ Value

6.75%, 09/21/2047		U.S.$	191	$	129,954
6.95%, 01/28/2060			58		39,506

					1,262,864


Oman – 0.1%
Lamar Funding Ltd. 3.958%, 05/07/2025^(a)			631		625,119


South Africa – 0.1%
Transnet SOC Ltd. 8.25%, 02/06/2028^(a)			370		380,523


Ukraine – 0.0%
State Agency of Roads of Ukraine 6.25%, 06/24/2030^(a)			653		200,798


Total Quasi-Sovereigns (cost $3,011,825)					2,469,304


COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.2%
Non-Agency Fixed Rate CMBS – 0.1%
CD Mortgage Trust Series 2016-CD1, Class XA 1.478%, 08/10/2049⁽ⁿ⁾			3,604		57,082
Citigroup Commercial Mortgage Trust Series 2017-C4, Class XA 1.126%, 10/12/2050⁽ⁿ⁾			2,450		59,386
Commercial Mortgage Trust Series 2012-CR3, Class D 4.43%, 10/15/2045^(a)			100		66,000
GS Mortgage Securities Trust Series 2011-GC5, Class C 5.296%, 08/10/2044^(a)			210		161,886
Series 2011-GC5, Class D 5.296%, 08/10/2044^(a)			236		121,698
JPMBB Commercial Mortgage Securities Trust Series 2014-C24, Class C 4.59%, 11/15/2047			225		182,259
Wells Fargo Commercial Mortgage Trust Series 2016-LC24, Class XA 1.748%, 10/15/2049⁽ⁿ⁾			2,094		52,160
WF-RBS Commercial Mortgage Trust Series 2011-C4, Class E 4.555%, 06/15/2044^(a)			25		20,536

					721,007


Non-Agency Floating Rate CMBS – 0.1%
BFLD Trust Series 2021-FPM, Class A 7.052% (CME Term SOFR 1 Month + 1.71%), 06/15/2038^{(a) (b)}			690		687,847


Total Commercial Mortgage-Backed Securities (cost $1,668,646)					1,408,854


	Principal Amount (000)			U.S. $ Value

COLLATERALIZED MORTGAGE OBLIGATIONS – 0.0%
Risk Share Floating Rate – 0.0%
Federal National Mortgage Association Connecticut Avenue Securities Series 2015-C04, Class 1M2 11.163% (CME Term SOFR + 5.81%), 04/25/2028^(b)		U.S.$	41	$	42,487
Series 2016-C01, Class 2M2 12.413% (CME Term SOFR + 7.06%), 08/25/2028^(b)			24		25,014
Series 2017-C07, Class 2M2 7.963% (CME Term SOFR + 2.61%), 05/25/2030^(b)			5		5,591
PMT Credit Risk Transfer Trust Series 2020-1R, Class A 8.811% (CME Term SOFR + 3.46%), 02/25/2025^{(a) (b)}			93		93,219


Total Collateralized Mortgage Obligations (cost $163,269)					166,311


	Shares

COMMON STOCKS – 0.0%
Financials – 0.0%
Banks – 0.0%
Nordic Aviation Capital DAC^{(f) (g) (h)} (cost $149,857)			6,250		115,625


	Principal Amount (000)

ASSET-BACKED SECURITIES – 0.0%
Other ABS - Floating Rate – 0.0%
Pagaya AI Debt Trust Series 2022-6, Class A4 28.727%, 05/15/2030^{(a) (f)} (cost $28,242)		U.S.$	23		25,460


	Shares

SHORT-TERM INVESTMENTS – 4.0%
Investment Companies – 4.0%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.16%^{(o) (p) (q)} (cost $25,531,400)			25,531,400		25,531,400


Total Investments – 98.5% (cost $618,204,286)^(r)					624,253,182
Other assets less liabilities – 1.5%					9,512,761


Net Assets – 100.0%				$	633,765,943

FUTURES


Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Sold Contracts
Euro-BOBL Futures		16		December 2024		$	2,106,829		$	531
U.S. T-Note 5 Yr (CBT) Futures		378		December 2024			41,352,610			64,859
U.S. T-Note 10 Yr (CBT) Futures		283		December 2024			32,138,188			172,602

									$	237,992

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Morgan Stanley Capital Services, Inc.		EUR	26,508		USD	29,066		10/25/2024		$	(344,894	)
State Street Bank & Trust Co.		EUR	5		USD	5		10/25/2024			(73	)
State Street Bank & Trust Co.		USD	662		EUR	599		10/25/2024			2,448
UBS AG		EUR	615		USD	688		10/25/2024			5,931
UBS AG		GBP	1,371		USD	1,816		11/08/2024			13,007

										$	(323,581	)

**	Principal amount less than 500.

(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 August 31, 2024, the aggregate market value of these securities amounted to $484,704,939 or 76.5% of net assets.

(b)

Floating Rate Security. Stated interest/floor/ceiling rate was in effect at August 31, 2024.

(c)

Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at August 31, 2024.

(d)

Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at August 31, 2024.

(e)

Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.

(f)

Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(g)

Fair valued by the Adviser.

(h)

Non-income producing security.

(i)

Defaulted matured security.

(j)

Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.00% of net assets as of August 31, 2024, are considered illiquid and restricted. Additional information regarding such securities follows:

144A/Restricted & Illiquid Securities

Acquisition
Date

Cost

Market
Value

Percentage
of
Net Assets

Virgolino de Oliveira Finance SA
10.50%, 01/28/2018

02/13/2013-03/15/2013

423,820

0.00%

(k)

The stated coupon rate represents the greater of the SOFR or an alternate base rate such as the PRIME or the SOFR/PRIME floor rate plus a spread at August 31, 2024.

(l)

This position or a portion of this position represents an unsettled loan purchase. The coupon rate will be determined at the time of settlement and will be based upon the Secured Overnight Financing Rate (“SOFR”) plus a premium which was determined at the time of purchase.

(m)

Defaulted.

(n)

IO - Interest Only.

(o)

Affiliated investments.

(p)

To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618.

(q)

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

(r)

As of August 31, 2024, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $18,162,804 and gross unrealized depreciation of investments was $(12,199,497), resulting in net unrealized appreciation of $5,963,307.

Currency Abbreviations:

EUR – Euro

GBP – Great British Pound

USD – United States Dollar

Glossary:

ABS – Asset-Backed Securities

BOBL – Bundesobligationen

CBT – Chicago Board of Trade

CLO – Collateralized Loan Obligations

CMBS – Commercial Mortgage-Backed Securities

CME – Chicago Mercantile Exchange

EURIBOR – Euro Interbank Offered Rate

REIT – Real Estate Investment Trust

SOFR – Secured Overnight Financing Rate

COUNTRY BREAKDOWN¹

August 31, 2024 (unaudited)


71.3	%	United Kingdom
4.8	%	Canada
3.1	%	Germany
2.5	%	Spain
1.7	%	France
1.7	%	Italy
1.3	%	Luxembourg
1.3	%	Ireland
0.9	%	Netherlands
0.9	%	Hong Kong
0.7	%	Brazil
0.6	%	Puerto Rico
0.6	%	United Kingdom
4.5	%	Other
4.1	%	Short-Term Investments

100.0	%	Total Investments

The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. The Portfolio also enters into derivative transactions, which may be used for hedging or investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” country weightings represent 0.5% or less in the following: Angola, Australia, Bahrain, Chile, Colombia, Czech Republic, Egypt, Guatemala, India, Indonesia, Israel, Ivory Coast, Japan, Jersey (Channel Islands), Kazakhstan, Lebanon, Macau, Mexico, Nigeria, Norway, Oman, Panama, Peru, Romania, Senegal, Slovenia, South Africa, Switzerland, Trinidad & Tobago, Ukraine and Zambia.

AB Active ETFs, Inc.

AB Short Duration High Yield ETF

August 31, 2024 (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.

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.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

Bank loan prices are provided by third party pricing services and consist of a composite of the quotes received by the vendor into a consensus price. Certain bank loans are classified as Level 3, as significant input used in the fair value measurement of these instruments is the market quotes that are received by the vendor and these inputs are not observable.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of August 31, 2024:


Investments in Securities:	Level 1		Level 2			Level 3		Total
Assets:
Corporates - Non-Investment Grade	$	—	$	493,215,059		$	1,045,267	$	494,260,326
Corporates - Investment Grade		—		60,327,800			—		60,327,800
Emerging Markets - Corporate Bonds		—		20,680,023			42		20,680,065
Bank Loans		—		9,196,157			112,178		9,308,335
Emerging Markets - Sovereigns		—		5,630,929			—		5,630,929
Collateralized Loan Obligations		—		4,328,773			—		4,328,773
Quasi-Sovereigns		—		2,469,304			—		2,469,304
Commercial Mortgage-Backed Securities		—		1,408,854			—		1,408,854
Collateralized Mortgage Obligations		—		166,311			—		166,311
Common Stocks		—		—			115,625		115,625
Asset-Backed Securities		—		—			25,460		25,460
Short-Term Investments		25,531,400		—			—		25,531,400

Total Investments in Securities		25,531,400		597,423,210			1,298,572		624,253,182
Other Financial Instruments^(a):
Assets:
Futures		237,992		—			—		237,992
Forward Currency Exchange Contracts		—		21,386			—		21,386
Liabilities:
Forward Currency Exchange Contracts		—		(344,967	)		—		(344,967	)

Total	$	25,769,392	$	597,099,629		$	1,298,572	$	624,167,593

^(a)

Other financial instruments include reverse repurchase agreements and 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 Portfolio’s transactions in AB mutual funds for the nine months ended August 31, 2024 is as follows:


Fund	Market Value 11/30/2023 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 08/31/2024 (000)		Dividend Income (000)
Government Money Market Portfolio	$	0	$	58,008	$	32,477	$	25,531	$	242

AB Active ETFs NPORT-PAB Short Duration High Yield ETF (Aug 2024 report)