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

AB Active ETFs, Inc.

AB Short Duration Income ETF

Portfolio of Investments

August 31, 2024 (unaudited)


	Principal Amount (000)			U.S. $ Value

CORPORATES - INVESTMENT GRADE – 40.2%
Industrial – 27.0%
Basic – 1.6%
BHP Billiton Finance USA Ltd. 4.875%, 02/27/2026		U.S.$	196	$	196,917
Ecolab, Inc. 2.70%, 11/01/2026			406		392,448
Georgia-Pacific LLC 0.95%, 05/15/2026^(a)			9		8,487
Glencore Funding LLC 1.625%, 09/01/2025^(a)			32		30,948
5.338%, 04/04/2027^(a)			373		379,267
Newmont Corp./Newcrest Finance Pty Ltd. 5.30%, 03/15/2026^(a)			329		332,066
Sherwin-Williams Co. (The) 3.45%, 06/01/2027			161		156,962

					1,497,095


Capital Goods – 1.9%
Boeing Co. (The) 2.196%, 02/04/2026			426		408,359
Caterpillar Financial Services Corp. 0.90%, 03/02/2026			169		160,645
4.50%, 01/08/2027			105		105,737
4.85%, 02/27/2029			156		159,691
5.00%, 05/14/2027			81		82,633
Series D 4.35%, 05/15/2026			218		218,035
Parker-Hannifin Corp. 4.25%, 09/15/2027			228		226,801
Regal Rexnord Corp. 6.05%, 02/15/2026			377		381,761

					1,743,662


Communications - Media – 0.8%
Cox Communications, Inc. 3.35%, 09/15/2026^(a)			329		319,920
DirecTV Financing LLC/DirecTV Financing Co-Obligor, Inc. 5.875%, 08/15/2027^(a)			83		80,351
Netflix, Inc. 4.375%, 11/15/2026			300		300,141

					700,412


Communications - Telecommunications – 1.2%
AT&T, Inc. 1.70%, 03/25/2026			432		413,165
T-Mobile USA, Inc. 2.625%, 04/15/2026			228		220,950
3.75%, 04/15/2027			417		409,306
Verizon Communications, Inc. 1.45%, 03/20/2026			92		87,688

					1,131,109


	Principal Amount (000)			U.S. $ Value

Consumer Cyclical - Automotive – 3.7%
American Honda Finance Corp. 4.90%, 03/12/2027		U.S.$	331	$	335,644
Cummins, Inc. 4.90%, 02/20/2029			379		388,608
Ford Motor Credit Co., LLC 5.80%, 03/08/2029			383		389,994
5.85%, 05/17/2027			200		203,344
General Motors Financial Co., Inc. 1.25%, 01/08/2026			119		113,535
1.50%, 06/10/2026			40		37,818
2.75%, 06/20/2025			411		403,355
5.25%, 03/01/2026			46		46,221
5.40%, 04/06/2026			110		111,046
6.05%, 10/10/2025			111		112,260
Honda Motor Co., Ltd. 2.534%, 03/10/2027			164		157,059
Hyundai Capital America 1.30%, 01/08/2026^(a)			61		58,164
5.25%, 01/08/2027^(a)			25		25,308
5.30%, 03/19/2027^(a)			322		326,617
Toyota Motor Credit Corp. 4.65%, 01/05/2029			143		144,669
5.05%, 05/16/2029			267		274,786
5.40%, 11/20/2026			231		236,010

					3,364,438


Consumer Cyclical - Entertainment – 0.2%
Carnival Corp. 4.00%, 08/01/2028^(a)			36		34,282
7.00%, 08/15/2029^(a)			122		128,311

					162,593


Consumer Cyclical - Other – 0.7%
Las Vegas Sands Corp. 3.50%, 08/18/2026			424		411,700
3.90%, 08/08/2029			45		42,134
Sands China Ltd. 5.125%, 08/08/2025			200		198,940

					652,774


Consumer Cyclical - Restaurants – 1.0%
McDonald’s Corp. 3.50%, 03/01/2027			364		356,782
Series G 5.00%, 05/17/2029			255		262,359
Starbucks Corp. 4.75%, 02/15/2026			52		52,173
4.85%, 02/08/2027			259		261,673

					932,987


Consumer Non-Cyclical – 6.6%
AbbVie, Inc. 2.95%, 11/21/2026			97		94,271
3.20%, 05/14/2026			273		267,668
3.60%, 05/14/2025			154		152,479


	Principal Amount (000)			U.S. $ Value

Amgen, Inc. 2.20%, 02/21/2027		U.S.$	227	$	215,198
BAT International Finance PLC 1.668%, 03/25/2026			431		411,428
Cargill, Inc. 4.875%, 10/10/2025^(a)			403		404,483
Cigna Group (The) 1.25%, 03/15/2026			70		66,566
CVS Health Corp. 2.875%, 06/01/2026			401		388,902
3.00%, 08/15/2026			107		103,868
5.40%, 06/01/2029			230		236,178
General Mills, Inc. 4.70%, 01/30/2027			121		121,696
Imperial Brands Finance PLC 3.50%, 07/26/2026^(a)			376		366,423
Kraft Heinz Foods Co. 3.00%, 06/01/2026			164		159,775
Molson Coors Brewing Co. 3.00%, 07/15/2026			393		382,314
Mondelez International, Inc. 2.625%, 03/17/2027			164		157,083
Pepsico Singapore Financing I Pte Ltd. 4.55%, 02/16/2029			407		411,184
Philip Morris International, Inc. 0.875%, 05/01/2026			15		14,139
2.75%, 02/25/2026			65		63,352
4.875%, 02/13/2026			131		131,647
4.875%, 02/13/2029			272		276,638
5.00%, 11/17/2025			98		98,371
Reynolds American, Inc. 4.45%, 06/12/2025			126		125,364
Royalty Pharma PLC 1.20%, 09/02/2025			426		410,566
Shire Acquisitions Investments Ireland DAC 3.20%, 09/23/2026			8		7,819
Stryker Corp. 1.15%, 06/15/2025			164		159,200
3.50%, 03/15/2026			320		314,877
Sysco Corp. 3.30%, 07/15/2026			49		47,946
Tyson Foods, Inc. 4.00%, 03/01/2026			374		370,264

					5,959,699


Energy – 1.5%
BP Capital Markets America, Inc. 5.017%, 11/17/2027			305		311,655
Continental Resources, Inc./OK 2.268%, 11/15/2026^(a)			29		27,405
Diamondback Energy, Inc. 5.20%, 04/18/2027			290		294,814
Occidental Petroleum Corp. 5.20%, 08/01/2029			301		305,383


	Principal Amount (000)			U.S. $ Value

Pioneer Natural Resources Co. 1.125%, 01/15/2026		U.S.$	175	$	167,258
5.10%, 03/29/2026			292		294,800

					1,401,315


Services – 3.0%
Amazon.com, Inc. 1.00%, 05/12/2026			436		413,677
3.15%, 08/22/2027			160		156,147
Booking Holdings, Inc. 3.60%, 06/01/2026			412		406,376
Expedia Group, Inc. 3.80%, 02/15/2028			377		366,482
Global Payments, Inc. 1.20%, 03/01/2026			170		161,245
Mastercard, Inc. 2.95%, 11/21/2026			436		424,647
PayPal Holdings, Inc. 2.65%, 10/01/2026			128		123,726
S&P Global, Inc. 2.45%, 03/01/2027			433		414,675
Visa, Inc. 3.15%, 12/14/2025			220		216,665

					2,683,640


Technology – 3.9%
Analog Devices, Inc. 3.50%, 12/05/2026			398		391,592
Apple, Inc. 0.70%, 02/08/2026			413		393,180
2.05%, 09/11/2026			347		333,037
2.45%, 08/04/2026			6		5,814
Fiserv, Inc. 3.20%, 07/01/2026			416		406,228
Honeywell International, Inc. 2.50%, 11/01/2026			440		424,886
International Business Machines Corp. 3.30%, 05/15/2026			158		154,989
Lam Research Corp. 3.75%, 03/15/2026			393		388,917
Microsoft Corp. 3.40%, 09/15/2026			416		410,546
Oracle Corp. 1.65%, 03/25/2026			166		158,507
2.65%, 07/15/2026			68		65,659
VMware LLC 1.40%, 08/15/2026			442		415,776

					3,549,131


Transportation - Airlines – 0.4%
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd. 6.50%, 06/20/2027^(a)			368		371,229


Transportation - Railroads – 0.5%
Canadian Pacific Railway Co. 1.75%, 12/02/2026			437		412,519

					24,562,603


	Principal Amount (000)			U.S. $ Value

Financial Institutions – 12.8%
Banking – 11.2%
American Express Co. 4.99%, 05/01/2026		U.S.$	185	$	184,828
5.098%, 02/16/2028			131		132,716
6.338%, 10/30/2026			398		404,810
Banco Santander SA 1.722%, 09/14/2027			200		187,694
Bank of America Corp. 1.319%, 06/19/2026			398		386,319
Bank of New York Mellon Corp. (The) 4.414%, 07/24/2026			24		23,887
Capital One Financial Corp. 4.20%, 10/29/2025			286		282,914
7.149%, 10/29/2027			327		342,905
Citigroup, Inc. 1.122%, 01/28/2027			23		21,848
1.462%, 06/09/2027			119		112,567
3.106%, 04/08/2026			208		205,254
3.20%, 10/21/2026			402		391,198
Deutsche Bank AG/New York NY 2.129%, 11/24/2026			529		509,623
7.146%, 07/13/2027			364		377,690
Goldman Sachs Bank USA/New York NY Series B 5.283%, 03/18/2027			30		30,247
Goldman Sachs Group, Inc. (The) 1.431%, 03/09/2027			435		413,246
5.798%, 08/10/2026			196		197,288
Series VAR 1.093%, 12/09/2026			91		86,628
HSBC Holdings PLC 4.583%, 06/19/2029			214		212,266
5.597%, 05/17/2028			506		516,783
JPMorgan Chase & Co. 1.04%, 02/04/2027			291		276,526
1.045%, 11/19/2026			430		410,955
3.96%, 01/29/2027			139		137,535
KeyCorp 2.25%, 04/06/2027			147		138,033
Macquarie Group Ltd. 1.34%, 01/12/2027^(a)			432		411,800
Morgan Stanley 4.21%, 04/20/2028			113		111,937
4.679%, 07/17/2026			401		399,264
6.138%, 10/16/2026			235		238,055
Nationwide Building Society 6.557%, 10/18/2027^(a)			210		217,782
PNC Financial Services Group, Inc. (The) 4.758%, 01/26/2027			79		78,914
5.812%, 06/12/2026			392		393,917
Societe Generale SA 5.519%, 01/19/2028^(a)			443		445,946
Sumitomo Mitsui Financial Group, Inc. 3.784%, 03/09/2026			412		406,763


	Principal Amount (000)			U.S. $ Value

Synchrony Financial 3.95%, 12/01/2027		U.S.$	65	$	62,636
Truist Financial Corp. 1.267%, 03/02/2027			255		241,079
4.26%, 07/28/2026			407		403,211
5.90%, 10/28/2026			72		72,716
UBS Group AG 4.703%, 08/05/2027^(a)			367		365,903
Wells Fargo & Co. 2.188%, 04/30/2026			149		146,044
3.908%, 04/25/2026			140		138,785

					10,118,512


Finance – 0.0%
Air Lease Corp. 3.375%, 07/01/2025			7		6,900


Insurance – 0.8%
Athene Global Funding 1.985%, 08/19/2028^(a)			75		67,363
5.62%, 05/08/2026^(a)			402		407,178
5.684%, 02/23/2026^(a)			251		253,804

					728,345


REITs – 0.8%
American Tower Corp. 4.00%, 06/01/2025			330		327,192
GLP Capital LP/GLP Financing II, Inc. 5.375%, 04/15/2026			406		406,345

					733,537

					11,587,294


Utility – 0.4%
Electric – 0.4%
DTE Energy Co. Series F 1.05%, 06/01/2025			84		81,497
Enel Finance International NV 5.125%, 06/26/2029^(a)			306		310,513

					392,010


Total Corporates - Investment Grade (cost $36,057,244)					36,541,907


GOVERNMENTS - TREASURIES – 30.9%
United States – 30.9%
U.S. Treasury Notes 4.00%, 01/31/2029			1,300		1,313,406
4.00%, 07/31/2029			3,231		3,269,368
4.125%, 03/31/2029			1,453		1,475,930
4.25%, 02/28/2029			2,470		2,522,488
4.25%, 06/30/2029			2,718		2,778,219
4.375%, 07/31/2026			2,110		2,125,825
4.375%, 08/31/2028			1,036		1,059,676
4.375%, 11/30/2028			970		993,341


	Principal Amount (000)			U.S. $ Value

4.625%, 09/30/2028		U.S.$	4,330	$	4,470,725
4.625%, 04/30/2029			1,060		1,099,584
4.875%, 04/30/2026			3,022		3,061,192
4.875%, 05/31/2026			2,750		2,788,672
4.875%, 10/31/2028			950		990,523
5.00%, 09/30/2025			100		100,672


Total Governments - Treasuries (cost $27,523,954)					28,049,621


ASSET-BACKED SECURITIES – 10.5%
Other ABS - Fixed Rate – 6.7%
Affirm Asset Securitization Trust Series 2023-A, Class A 6.61%, 01/18/2028^(a)			383		384,369
Series 2023-B, Class 1A 6.82%, 09/15/2028^(a)			350		356,396
Series 2023-B, Class A 6.82%, 09/15/2028^(a)			150		152,741
Avant Loans Funding Trust Series 2024-REV1, Class A 5.92%, 10/15/2033^(a)			255		257,792
BHG Securitization Trust Series 2023-A, Class A 5.55%, 04/17/2036^(a)			93		92,812
Series 2023-B, Class A 6.92%, 12/17/2036^(a)			227		235,359
Dext ABS LLC Series 2023-1, Class A2 5.99%, 03/15/2032^(a)			156		156,782
Granite Park Equipment Leasing LLC Series 2023-1A, Class A3 6.46%, 09/20/2032^(a)			250		259,275
Lendmark Funding Trust Series 2023-1A, Class A 5.59%, 05/20/2033^(a)			210		210,947
Series 2024-1A, Class A 5.53%, 06/21/2032^(a)			300		304,614
Mariner Finance Issuance Trust Series 2023-AA, Class A 6.70%, 10/22/2035^(a)			500		510,555
Pagaya AI Debt Grantor Trust Series 2024-S1, Class ABC 7.198%, 09/15/2031^{(a) (b)}			283		286,670
Pagaya AI Debt Trust Series 2023-1, Class A 7.556%, 07/15/2030^(a)			24		24,105
Series 2023-3, Class A 7.60%, 12/16/2030^(a)			34		33,801
Series 2023-5, Class A 7.179%, 04/15/2031^(a)			52		52,156
Series 2023-6, Class A 7.128%, 06/16/2031^(a)			33		32,726
Series 2023-7, Class A 7.228%, 07/15/2031^(a)			33		32,700


	Principal Amount (000)			U.S. $ Value

Series 2024-1, Class A 6.66%, 07/15/2031^(a)		U.S.$	115	$	116,711
Series 2024-2, Class A 6.319%, 08/15/2031^(a)			136		137,385
Series 2024-3, Class A 6.258%, 10/15/2031^(a)			126		126,687
Prosper Marketplace Issuance Trust Series 2023-1A, Class A 7.06%, 07/16/2029^(a)			159		159,351
Purchasing Power Funding LLC Series 2024-A, Class A 5.89%, 08/15/2028^(a)			550		555,454
Reach ABS Trust Series 2023-1A, Class A 7.05%, 02/18/2031^(a)			60		59,834
Republic Finance Issuance Trust Series 2024-A, Class A 5.91%, 08/20/2032^(a)			250		253,331
Sotheby’s Artfi Master Trust Series 2024-1A, Class A1 6.43%, 12/22/2031^(a)			550		557,597
Theorem Funding Trust Series 2022-3A, Class A 7.60%, 04/15/2029^(a)			67		67,889
Series 2023-1A, Class A 7.58%, 04/15/2029^(a)			63		63,634
Upstart Securitization Trust Series 2023-2, Class A 6.77%, 06/20/2033^(a)			99		99,519
Series 2023-3, Class A 6.90%, 10/20/2033^(a)			102		103,094
Verdant Receivables LLC Series 2023-1A, Class A2 6.24%, 01/13/2031^(a)			391		397,625

					6,081,911


Autos - Fixed Rate – 3.2%
ACM Auto Trust Series 2024-1A, Class A 7.71%, 01/21/2031^(a)			227		228,444
FHF Trust Series 2023-1A, Class A2 6.57%, 06/15/2028^(a)			125		126,795
Foursight Capital Automobile Receivables Trust Series 2023-1, Class A2 5.43%, 10/15/2026^(a)			23		22,872
Hertz Vehicle Financing III LLC Series 2024-1A, Class A 5.44%, 01/25/2029^(a)			154		156,077
Lendbuzz Securitization Trust Series 2023-1A, Class A2 6.92%, 08/15/2028^(a)			113		114,746


	Principal Amount (000)			U.S. $ Value

Series 2023-2A, Class A2 7.09%, 10/16/2028^(a)		U.S.$	144	$	146,771
Series 2023-3A, Class A2 7.50%, 12/15/2028^(a)			127		130,064
Series A2, Class 24-1A 6.19%, 08/15/2029^(a)			236		237,388
Lobel Automobile Receivables Trust Series 2023-1, Class A 6.97%, 07/15/2026^(a)			35		34,600
Series 2023-2, Class A 7.59%, 04/16/2029^(a)			117		117,298
Merchants Fleet Funding LLC Series 2023-1A, Class A 7.21%, 05/20/2036^(a)			460		464,901
Research-Driven Pagaya Motor Asset Trust Series 2023-3A, Class A 7.13%, 01/26/2032^(a)			383		386,388
Series 2023-4A, Class A 7.54%, 03/25/2032^(a)			468		474,075
Research-Driven Pagaya Motor Trust Series 2024-1A, Class A 7.09%, 06/25/2032^(a)			97		98,315
Tricolor Auto Securitization Trust Series 2023-1A, Class A 6.48%, 08/17/2026^(a)			14		14,106
Series 2024-1A, Class A 6.61%, 10/15/2027^(a)			167		168,008

					2,920,848


Credit Cards - Fixed Rate – 0.6%
Brex Commercial Charge Card Master Trust Series 2024-1, Class A1 6.05%, 07/15/2027^(a)			325		328,618
Mission Lane Credit Card Master Trust Series 2023-A, Class A 7.23%, 07/17/2028^(a)			200		201,778

					530,396


Total Asset-Backed Securities (cost $9,416,295)					9,533,155


CORPORATES - NON-INVESTMENT GRADE – 8.5%
Industrial – 8.0%
Basic – 0.5%
Arsenal AIC Parent LLC 8.00%, 10/01/2030^(a)			38		40,912
ASP Unifrax Holdings, Inc. 5.25%, 09/30/2028^(a)			10		5,176
FMG Resources (August 2006) Pty Ltd. 4.50%, 09/15/2027^(a)			60		57,880
INEOS Finance PLC 6.375%, 04/15/2029^(a)		EUR	101		115,776


	Principal Amount (000)			U.S. $ Value

INEOS Quattro Finance 2 PLC 9.625%, 03/15/2029^(a)		U.S.$	200	$	215,462
Sealed Air Corp./Sealed Air Corp. US 6.125%, 02/01/2028^(a)			27		27,482

					462,688


Capital Goods – 0.6%
Ball Corp. 6.00%, 06/15/2029			97		99,803
Chart Industries, Inc. 7.50%, 01/01/2030^(a)			25		26,287
Eco Material Technologies, Inc. 7.875%, 01/31/2027^(a)			92		92,987
ESAB Corp. 6.25%, 04/15/2029^(a)			26		26,673
GFL Environmental, Inc. 6.75%, 01/15/2031^(a)			19		19,864
LSB Industries, Inc. 6.25%, 10/15/2028^{(a) (c)}			147		144,066
Summit Materials LLC/Summit Materials Finance Corp. 7.25%, 01/15/2031^(a)			21		22,211
WESCO Distribution, Inc. 6.375%, 03/15/2029^(a)			83		85,298

					517,189


Communications - Media – 1.0%
Banijay Entertainment SAS 7.00%, 05/01/2029^(a)		EUR	170		198,210
CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 08/15/2030^(a)		U.S.$	26		23,191
5.125%, 05/01/2027^(a)			59		57,894
Clear Channel Outdoor Holdings, Inc. 5.125%, 08/15/2027^(a)			97		94,774
DISH DBS Corp. 5.25%, 12/01/2026^(a)			67		57,299
5.75%, 12/01/2028^(a)			32		24,543
McGraw-Hill Education, Inc. 5.75%, 08/01/2028^(a)			65		63,719
Neptune Bidco US, Inc. 9.29%, 04/15/2029^(a)			108		107,848
Pinewood Finco PLC 3.25%, 09/30/2025^(a)		GBP	118		151,648
Radiate Holdco LLC/Radiate Finance, Inc. 4.50%, 09/15/2026^(a)		U.S.$	85		67,323
Sirius XM Radio, Inc. 5.00%, 08/01/2027^(a)			70		68,557

					915,006


Consumer Cyclical - Automotive – 0.2%
Tenneco, Inc. 8.00%, 11/17/2028^(a)			79		73,739


	Principal Amount (000)			U.S. $ Value

ZF North America Capital, Inc. 6.75%, 04/23/2030^(a)		U.S.$	160	$	164,328

					238,067


Consumer Cyclical - Entertainment – 0.5%
Carnival Corp. 5.75%, 03/01/2027^(a)			62		62,197
Lindblad Expeditions LLC 6.75%, 02/15/2027^(a)			28		27,817
Royal Caribbean Cruises Ltd. 5.375%, 07/15/2027^(a)			42		42,090
5.50%, 08/31/2026^(a)			31		31,089
7.25%, 01/15/2030^(a)			20		21,154
Viking Ocean Cruises Ship VII Ltd. 5.625%, 02/15/2029^(a)			14		13,871
VOC Escrow Ltd. 5.00%, 02/15/2028^(a)			263		258,366

					456,584


Consumer Cyclical - Other – 0.7%
Brookfield Residential Properties, Inc./Brookfield Residential US LLC 6.25%, 09/15/2027^(a)			86		85,799
Churchill Downs, Inc. 4.75%, 01/15/2028^(a)			97		94,623
Cirsa Finance International SARL 6.50%, 03/15/2029^(a)		EUR	100		114,606
Hilton Domestic Operating Co., Inc. 5.875%, 04/01/2029^(a)		U.S.$	104		105,922
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc 4.875%, 07/01/2031^(a)			9		8,058
5.00%, 06/01/2029^(a)			45		42,529
MGM Resorts International 4.75%, 10/15/2028			74		72,076
Shea Homes LP/Shea Homes Funding Corp. 4.75%, 02/15/2028			11		10,736
Taylor Morrison Communities, Inc. 5.875%, 06/15/2027^(a)			64		64,829
Travel + Leisure Co. 6.625%, 07/31/2026^(a)			20		20,355
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. 5.25%, 05/15/2027^(a)			33		32,780

					652,313


Consumer Cyclical - Restaurants – 0.1%
1011778 BC ULC/New Red Finance, Inc. 3.875%, 01/15/2028^(a)			17		16,253
4.375%, 01/15/2028^(a)			35		33,774

					50,027


	Principal Amount (000)			U.S. $ Value

Consumer Cyclical - Retailers – 0.1%
Bath & Body Works, Inc. 9.375%, 07/01/2025^(a)		U.S.$	6	$	6,182
Beacon Roofing Supply, Inc. 6.50%, 08/01/2030^(a)			31		31,836
Wolverine World Wide, Inc. 4.00%, 08/15/2029^(a)			81		69,141

					107,159


Consumer Non-Cyclical – 0.6%
Bausch + Lomb Corp. 8.375%, 10/01/2028^(a)			190		200,091
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC 6.625%, 07/15/2030^(a)			76		78,686
Elanco Animal Health, Inc. 6.65%, 08/28/2028			82		85,169
Embecta Corp. 5.00%, 02/15/2030^(a)			29		26,163
Endo Finance Holdings, Inc. 8.50%, 04/15/2031^(a)			27		28,678
Medline Borrower LP 3.875%, 04/01/2029^(a)			26		24,589
MPH Acquisition Holdings LLC 5.75%, 11/01/2028^(a)			56		25,686
Newell Brands, Inc. 4.875%, 06/01/2025			7		6,971
5.70%, 04/01/2026			26		25,932
6.375%, 09/15/2027			15		15,108

					517,073


Energy – 2.1%
Blue Racer Midstream LLC/Blue Racer Finance Corp. 7.00%, 07/15/2029^(a)			73		75,955
Buckeye Partners LP 6.875%, 07/01/2029^(a)			58		59,429
CITGO Petroleum Corp. 7.00%, 06/15/2025^(a)			33		33,052
8.375%, 01/15/2029^(a)			186		193,226
Civitas Resources, Inc. 5.00%, 10/15/2026^(a)			30		29,642
8.375%, 07/01/2028^(a)			213		224,975
Crescent Energy Finance LLC 9.25%, 02/15/2028^(a)			88		93,123
EQM Midstream Partners LP 5.50%, 07/15/2028			74		74,596
Genesis Energy LP/Genesis Energy Finance Corp. 7.75%, 02/01/2028			15		15,263
8.00%, 01/15/2027			21		21,535
Hilcorp Energy I LP/Hilcorp Finance Co. 6.25%, 11/01/2028^(a)			73		73,435


	Principal Amount (000)			U.S. $ Value

Howard Midstream Energy Partners LLC 8.875%, 07/15/2028^(a)		U.S.$	141	$	150,437
Nabors Industries, Inc. 7.375%, 05/15/2027^(a)			11		11,120
New Fortress Energy, Inc. 6.50%, 09/30/2026^(a)			112		96,675
6.75%, 09/15/2025^(a)			56		54,617
8.75%, 03/15/2029^(a)			93		77,918
NGL Energy Operating LLC/NGL Energy Finance Corp. 8.125%, 02/15/2029^(a)			105		107,427
Solaris Midstream Holdings LLC 7.625%, 04/01/2026^(a)			25		25,179
Sunoco LP/Sunoco Finance Corp. 7.00%, 09/15/2028^(a)			104		108,277
Venture Global LNG, Inc. 8.125%, 06/01/2028^(a)			131		137,226
9.50%, 02/01/2029^(a)			98		110,438
9.875%, 02/01/2032^(a)			99		110,182

					1,883,727


Other Industrial – 0.1%
Ritchie Bros Holdings, Inc. 6.75%, 03/15/2028^(a)			78		80,353
Velocity Vehicle Group LLC 8.00%, 06/01/2029^(a)			12		12,476

					92,829


Services – 0.4%
ANGI Group LLC 3.875%, 08/15/2028^(a)			127		114,962
APX Group, Inc. 6.75%, 02/15/2027^(a)			88		88,087
Garda World Security Corp. 7.75%, 02/15/2028^(a)			103		107,646
Prime Security Services Borrower LLC/Prime Finance, Inc. 3.375%, 08/31/2027^(a)			23		21,793
ZipRecruiter, Inc. 5.00%, 01/15/2030^(a)			33		29,597

					362,085


Technology – 0.3%
Gen Digital, Inc. 6.75%, 09/30/2027^(a)			42		43,074
Seagate HDD Cayman 8.25%, 12/15/2029			97		105,223
Virtusa Corp. 7.125%, 12/15/2028^(a)			10		9,451


	Principal Amount (000)			U.S. $ Value

Western Digital Corp. 4.75%, 02/15/2026		U.S.$	163	$	161,468

					319,216


Transportation - Airlines – 0.3%
American Airlines, Inc. 8.50%, 05/15/2029^(a)			210		218,264
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. 11.00%, 04/15/2029^(a)			39		39,364

					257,628


Transportation - Services – 0.5%
Albion Financing 1 SARL/Aggreko Holdings, Inc. 6.125%, 10/15/2026^(a)			200		198,834
Hertz Corp. (The) 12.625%, 07/15/2029^(a)			135		144,057
Loxam SAS 4.50%, 02/15/2027^(a)		EUR	100		111,105

					453,996

					7,285,587


Financial Institutions – 0.5%
Banking – 0.0%
Bread Financial Holdings, Inc. 7.00%, 01/15/2026^(a)		U.S.$	12		12,008


Brokerage – 0.1%
Osaic Holdings, Inc. 10.75%, 08/01/2027^(a)			52		53,225


Finance – 0.2%
Castlelake Aviation Finance DAC 5.00%, 04/15/2027^(a)			62		60,530
GGAM Finance Ltd. 7.75%, 05/15/2026^(a)			51		52,311
8.00%, 02/15/2027^(a)			12		12,515
8.00%, 06/15/2028^(a)			77		82,338
SLM Corp. 3.125%, 11/02/2026			23		22,018

					229,712


Insurance – 0.1%
Acrisure LLC/Acrisure Finance, Inc. 7.50%, 11/06/2030^(a)			61		62,708


REITs – 0.1%
Iron Mountain, Inc. 5.00%, 07/15/2028^(a)			76		74,434


	Principal Amount (000)			U.S. $ Value

Newmark Group, Inc. 7.50%, 01/12/2029		U.S.$	11	$	11,700

					86,134

					443,787


Total Corporates - Non-Investment Grade (cost $7,528,397)					7,729,374


COLLATERALIZED LOAN OBLIGATIONS – 6.4%
CLO - Floating Rate – 6.4%
AGL CLO 16 Ltd. Series 2021-16A, Class A 6.674% (CME Term SOFR 3 Month + 1.39%), 01/20/2035^{(a) (d)}			500		500,480
AIMCO CLO Series 2018-AA, Class A 6.567% (CME Term SOFR 3 Month + 1.28%), 04/17/2031^{(a) (d)}			140		140,353
Allegro CLO XI Ltd. Series 2019-2A, Class A1AR 6.53% (CME Term SOFR 3 Month + 1.25%), 01/19/2033^{(a) (d)}			250		250,110
Apidos CLO XXX Series XXXA, Class A1AR 6.275% (CME Term SOFR 3 Month + 1.08%), 10/18/2031^{(a) (d)}			250		250,000
Apidos Loan Fund Ltd. Series 2024-1A, Class A1 6.59% (CME Term SOFR 3 Month + 1.27%), 04/25/2035^{(a) (d)}			250		250,380
Bain Capital Credit CLO Series 2019-2A, Class AR2 6.416% (CME Term SOFR 3 Month + 1.13%), 10/17/2032^{(a) (d)}			250		250,124
Bain Capital Credit CLO Ltd. Series 2019-1A, Class AR2 6.348% (CME Term SOFR 3 Month + 1.23%), 04/19/2034^{(a) (d)}			100		99,998
Series 2020-1A, Class A1R 6.529% (CME Term SOFR 3 Month + 1.25%), 04/18/2033^{(a) (d)}			215		215,103
Ballyrock CLO 15 Ltd. Series 2021-1A, Class C 8.663% (CME Term SOFR 3 Month + 3.36%), 04/15/2034^{(a) (d)}			250		249,860
CIFC Funding Ltd. Series 2018-1A, Class A 6.541% (CME Term SOFR 3 Month + 1.26%), 04/18/2031^{(a) (d)}			286		286,298
Galaxy 30 CLO Ltd. Series 2022-30A, Class D 8.651% (CME Term SOFR 3 Month + 3.35%), 04/15/2035^{(a) (d)}			250		250,205


	Principal Amount (000)			U.S. $ Value

KKR CLO 21 Ltd. Series 21, Class A 6.563% (CME Term SOFR 3 Month + 1.26%), 04/15/2031^{(a) (d)}		U.S.$	291	$	291,220
Neuberger Berman Loan Advisers CLO 42 Ltd Series 2021-42A, Class A 6.648% (CME Term SOFR 3 Month + 1.36%), 07/16/2035^{(a) (d)}			500		500,823
Palmer Square CLO Ltd. Series 2021-3A, Class D 8.513% (CME Term SOFR 3 Month + 3.21%), 01/15/2035^{(a) (d)}			250		250,395
PPM CLO 5 Ltd. Series 2021-5A, Class A 6.741% (CME Term SOFR 3 Month + 1.46%), 10/18/2034^{(a) (d)}			500		500,031
Rad CLO 14 Ltd. Series 2021-14A, Class A 6.733% (CME Term SOFR 3 Month + 1.43%), 01/15/2035^{(a) (d)}			550		550,797
Regatta XVI Funding Ltd. Series 2019-2A, Class A1R 6.26% (CME Term SOFR 3 Month + 1.20%), 01/15/2033^{(a) (d)}			250		250,000
VERDE CLO Ltd. Series 2019-1A, Class ARR 6.23% (CME Term SOFR 3 Month + 1.11%), 04/15/2032^{(a) (d)}			225		225,040
Voya CLO Ltd. Series 2018-1A, Class A1 6.491% (CME Term SOFR 3 Month + 1.21%), 04/19/2031^{(a) (d)}			277		277,292
Series 2018-3A, Class A1R2 6.501% (CME Term SOFR 3 Month + 1.20%), 10/15/2031^{(a) (d)}			177		176,864


Total Collateralized Loan Obligations (cost $5,735,028)					5,765,373


COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.8%
Non-Agency Fixed Rate CMBS – 1.7%
BAMLL Commercial Mortgage Securities Trust Series 2013-WBRK, Class D 3.652%, 03/10/2037^(a)			100		82,585
BANK Series 2020-BN28, Class XA 1.875%, 03/15/2063^(e)			2,019		167,685
Series 2020-BN29, Class XA 1.425%, 11/15/2053^(e)			968		60,876
Barclays Commercial Mortgage Trust Series 2019-C3, Class XA 1.469%, 05/15/2052^(e)			943		45,021


	Principal Amount (000)			U.S. $ Value

BBCMS Mortgage Trust Series 2017-C1, Class XA 1.608%, 02/15/2050^(e)		U.S.$	1,259	$	34,546
CD Mortgage Trust Series 2016-CD1, Class XA 1.478%, 08/10/2049^(e)			1,431		22,661
CFCRE Commercial Mortgage Trust Series 2016-C4, Class XA 1.755%, 05/10/2058^(e)			69		1,231
Series 2017-C8, Class XA 1.636%, 06/15/2050^(e)			266		7,911
Citigroup Commercial Mortgage Trust Series 2016-GC36, Class A5 3.616%, 02/10/2049			165		160,071
Series 2017-P7, Class XA 1.236%, 04/14/2050^(e)			786		16,673
Commercial Mortgage Trust Series 2014-CR16, Class D 4.95%, 04/10/2047^(a)			100		82,001
Series 2016-DC2, Class XA 1.066%, 02/10/2049^(e)			2,278		19,374
GS Mortgage Securities Trust Series 2013-GC13, Class D 3.997%, 07/10/2046^(a)			100		63,454
Series 2016-GS3, Class XA 1.309%, 10/10/2049^(e)			1,247		21,683
Series 2017-GS5, Class XA 0.972%, 03/10/2050^(e)			1,398		23,135
Series 2017-GS7, Class XA 1.223%, 08/10/2050^(e)			3,237		76,953
Series 2019-GC39, Class XA 1.254%, 05/10/2052^(e)			3,604		154,532
JPMBB Commercial Mortgage Securities Trust Series 2013-C14, Class D 4.173%, 08/15/2046^(a)			75		54,113
JPMorgan Chase Commercial Mortgage Securities Trust Series 2012-LC9, Class G 3.686%, 12/15/2047^(a)			100		54,649
Series 2013-LC11, Class B 3.499%, 04/15/2046			110		92,264
UBS Commercial Mortgage Trust Series 2017-C1, Class XA 1.652%, 06/15/2050^(e)			990		30,182
Series 2017-C2, Class XA 1.211%, 08/15/2050^(e)			1,952		47,134
Series 2018-C14, Class XA 1.043%, 12/15/2051^(e)			765		22,704
Series 2018-C15, Class XA 1.049%, 12/15/2051^(e)			568		17,423
Series 2019-C18, Class XA 1.128%, 12/15/2052^(e)			1,233		44,487


	Principal Amount (000)			U.S. $ Value

UBS-Barclays Commercial Mortgage Trust Series 2013-C6, Class D 4.061%, 04/10/2046^(a)		U.S.$	69	$	59,220
Wells Fargo Commercial Mortgage Trust Series 2016-LC24, Class XA 1.748%, 10/15/2049^(e)			748		18,628
Series 2018-C48, Class XA 1.105%, 01/15/2052^(e)			747		24,496
Series 2019-C52, Class XA 1.705%, 08/15/2052^(e)			846		49,911
WF-RBS Commercial Mortgage Trust Series 2011-C4, Class D 4.555%, 06/15/2044^(a)			45		39,632
Series 2011-C4, Class E 4.555%, 06/15/2044^(a)			25		20,250

					1,615,485


Non-Agency Floating Rate CMBS – 0.1%
Starwood Retail Property Trust Series 2014-STAR, Class A 8.50% (PRIME + 0.00%), 11/15/2027^{(a) (d)}			81		48,536


Total Commercial Mortgage-Backed Securities (cost $1,843,263)					1,664,021


COLLATERALIZED MORTGAGE OBLIGATIONS – 0.4%
Risk Share Floating Rate – 0.3%
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 2021-DNA6, Class M2 6.849% (CME Term SOFR + 1.50%), 10/25/2041^{(a) (d)}			150		150,589
Series 2022-HQA1, Class M1B 8.849% (CME Term SOFR + 3.50%), 03/25/2042^{(a) (d)}			20		20,891
Federal National Mortgage Association Connecticut Avenue Securities Series 2016-C04, Class 1B 15.713% (CME Term SOFR + 10.36%), 01/25/2029^(d)			118		133,910
PMT Credit Risk Transfer Trust Series 2019-3R, Class A 9.161% (CME Term SOFR + 3.81%), 11/27/2031^{(a) (d)}			12		11,633

					317,023


Agency Fixed Rate – 0.1%
Federal Home Loan Mortgage Corp. REMICs Series 4913, Class IO 6.00%, 04/15/2041^(e)			58		10,615


	Principal Amount (000)			U.S. $ Value

Federal National Mortgage Association REMICs Series 2012-120, Class CI 3.50%, 12/25/2031^(e)		U.S.$	30	$	267
Series 2016-26, Class IO 5.00%, 05/25/2046^(e)			122		16,857
Series 2016-31, Class IO 5.00%, 06/25/2046^(e)			167		23,751
Series 2016-64, Class BI 5.00%, 09/25/2046^(e)			19		2,507

					53,997


Agency Floating Rate – 0.0%
Federal Home Loan Mortgage Corp. REMICs Series 4372, Class JS 0.632% (5.99% - CME Term SOFR), 08/15/2044^{(d) (f)}			73		9,209
Federal National Mortgage Association REMICs Series 2012-17, Class ES 1.087% (6.44% - CME Term SOFR), 03/25/2041^{(d) (f)}			36		1,386
Series 2012-17, Class SE 0.487% (5.84% - CME Term SOFR), 03/25/2042^{(d) (f)}			55		7,972
Series 2019-25, Class SA 0.587% (5.94% - CME Term SOFR), 06/25/2049^{(d) (f)}			36		4,104
Series 2019-42, Class SQ 0.587% (5.94% - CME Term SOFR), 08/25/2049^{(d) (f)}			33		3,679

					26,350


Total Collateralized Mortgage Obligations (cost $382,895)					397,370


BANK LOANS – 0.4%
Industrial – 0.3%
Capital Goods – 0.0%
Chariot Buyer LLC 8.597% (SOFR 1 Month + 3.25%), 11/03/2028^(g)			10		9,733


Communications - Media – 0.0%
DirecTV Financing LLC 10.611% (SOFR 1 Month + 5.25%), 08/02/2029^(g)			23		22,739


Consumer Cyclical - Entertainment – 0.2%
Seaworld Parks & Entertainment, Inc. 7.747% (SOFR 1 Month + 2.50%), 08/25/2028^(g)			139		138,867


Energy – 0.1%
GIP II Blue Holding LP 8.997% (SOFR 1 Month + 3.75%), 09/29/2028^(g)			61		61,500


	Principal Amount (000)			U.S. $ Value

Parkway Generation LLC 10.264% (SOFR 3 Month + 4.75%), 02/18/2029^(g)		U.S.$	16	$	15,747

					77,247


Technology – 0.0%
Amentum Government Services Holdings LLC 9.361% (SOFR 1 Month + 4.00%), 01/29/2027^{(b) (g)}			3		2,880
Ascend Learning LLC 11.097% (SOFR 1 Month + 5.75%), 12/10/2029^(g)			30		28,725
FINThrive Software Intermediate Holdings, Inc. 12.111% (SOFR 1 Month + 6.75%), 12/17/2029^(g)			20		8,287
Loyalty Ventures, Inc. 14.000% (PRIME 3 Month + 5.50%), 11/03/2027^{(b) (g) (h) (i)}			72		543

					40,435

					289,021


Financial Institutions – 0.1%
Finance – 0.1%
Orbit Private Holdings I Ltd. 10.014% (SOFR 6 Month + 4.50%), 12/11/2028^{(b) (g)}			29		29,470


Total Bank Loans (cost $400,181)					318,491


	Shares

SHORT-TERM INVESTMENTS – 0.3%
Investment Companies – 0.3%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.16%^{(j) (k) (l)} (cost $233,495)			233,495		233,495


Total Investments – 99.4% (cost $89,120,752)^(m)					90,232,807
Other assets less liabilities – 0.6%					571,909


Net Assets – 100.0%				$	90,804,716

FUTURES


Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Purchased Contracts
U.S. T-Note 2 Yr (CBT) Futures		2		December 2024		$	415,094		$	(641	)
U.S. T-Note 5 Yr (CBT) Futures		18		December 2024			1,969,172			(2,367	)
Sold Contracts
U.S. T-Note 10 Yr (CBT) Futures		6		December 2024			681,375			3,656

									$	648

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Bank of America, NA		EUR	488		USD	536		10/25/2024		$	(6,397	)
State Street Bank & Trust Co.		GBP	105		USD	139		11/08/2024			1,019

										$	(5,378	)

CENTRALLY CLEARED CREDIT DEFAULT SWAPS


Description	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at August 31, 2024		Notional Amount (000)			Market Value		Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)
Buy Contracts
iTraxx Australia Series 41, 5 Year Index, 06/20/2029*		(1.00	)%		Quarterly		0.61%		USD	4,080	$	(78,147)	$	(59,246)	$	(18,901)
Sale Contracts
CDX-NAHY Series 42, 5 Year Index, 06/20/2029*		5.00			Quarterly		3.21		USD	850		69,637		54,284		15,353
CDX-NAIG Series 42, 5 Year Index, 06/20/2029*		1.00			Quarterly		0.49		USD	4,080		98,926		85,794		13,132
iTraxx Xover Series 41, 5 Year Index, 06/20/2029*		5.00			Quarterly		2.88		EUR	640		68,742		57,527		11,215

											$	159,158	$	138,359	$	20,799

*	Termination date

(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 $28,361,407 or 31.2% of net assets.

(b)

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

(c)

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

(d)

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

(e)

IO - Interest Only.

(f)

Inverse interest only security.

(g)

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.

(h)

Non-income producing security.

(i)

Defaulted.

(j)

Affiliated investments.

(k)

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.

(l)

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

(m)

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 $1,530,906 and gross unrealized depreciation of investments was $(402,782), resulting in net unrealized appreciation of $1,128,124.

Currency Abbreviations:

EUR – Euro

GBP – Great British Pound

USD – United States Dollar

Glossary:

ABS – Asset-Backed Securities

CBT – Chicago Board of Trade

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

CDX-NAIG – North American Investment Grade Credit Default Swap Index

CLO – Collateralized Loan Obligations

CMBS – Commercial Mortgage-Backed Securities

CME – Chicago Mercantile Exchange

REIT – Real Estate Investment Trust

REMICs – Real Estate Mortgage Investment Conduits

SOFR – Secured Overnight Financing Rate

AB Active ETFs, Inc.

AB Short Duration Income 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 - Investment Grade	$	—		$	36,541,907		$	—	$	36,541,907
Governments - Treasuries		—			28,049,621			—		28,049,621
Asset-Backed Securities		—			9,246,485			286,670		9,533,155
Corporates - Non-Investment Grade		—			7,729,374			—		7,729,374
Collateralized Loan Obligations		—			5,765,373			—		5,765,373
Commercial Mortgage-Backed Securities		—			1,664,021			—		1,664,021
Collateralized Mortgage Obligations		—			397,370			—		397,370
Bank Loans		—			285,598			32,893		318,491
Short-Term Investments		233,495			—			—		233,495

Total Investments in Securities		233,495			89,679,749			319,563		90,232,807
Other Financial Instruments^(a):
Assets:
Futures		3,656			—			—		3,656
Forward Currency Exchange Contracts		—			1,019			—		1,019
Centrally Cleared Credit Default Swaps		—			237,305			—		237,305
Liabilities:
Futures		(3,008	)		—			—		(3,008	)
Forward Currency Exchange Contracts		—			(6,397	)		—		(6,397	)
Centrally Cleared Credit Default Swaps		—			(78,147	)		—		(78,147	)

Total	$	234,143		$	89,833,529		$	319,563	$	90,387,235

^(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	$	8,717	$	8,484	$	233	$	12

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