AB Active ETFs (SDFI) NPORT-P Sound Enhanced Fixed Income ETF (Feb 2024 report)

Sound Enhanced Fixed Income ETF
Schedule of Investments
as of February 29, 2024 (Unaudited)
PREFERRED STOCKS - 30.5%	Shares		Value
Banks - 15.1%
Associated Banc-Corp., Series F, 5.63%, Perpetual		30,805	$	633,967
Bank of America Corp., Series KK, 5.38%, Perpetual(a)		32,438		761,320
JPMorgan Chase & Co., Series EE, 6.00%, Perpetual		31,089		784,064
Morgan Stanley
Series L, 4.88%, Perpetual		33,362		756,650
Series O, 4.25%, Perpetual(a)		32,350		634,707
Truist Financial Corp., Series O, 5.25%, Perpetual(a)		31,871		744,188
Wells Fargo & Co., Series AA, 4.70%, Perpetual		33,930		705,065
				5,019,961
Diversified Financial Services - 2.0%
Capital One Financial Corp., Series J, 4.80%, Perpetual		34,143		677,397
Electric - 4.7%
CMS Energy Corp., 5.88%, 03/01/2079		31,658		782,902
The Southern Co., Series 2020, 4.95%, 01/30/2080		32,297		755,750
				1,538,652
Insurance - 6.6%
AEGON Funding Co., LLC, 5.10%, 12/15/2049		32,651		727,138
MetLife, Inc., Series F, 4.75%, Perpetual		32,509		703,495
The Allstate Corp., Series H, 5.10%, Perpetual		31,728		737,676
				2,168,309
Telecommunications - 2.1%
AT&T, Inc., Series C, 4.75%, Perpetual		32,936		684,081
TOTAL PREFERRED STOCKS (Cost $11,104,223)				10,088,400
CORPORATE BONDS - 28.0%	Par
Auto Parts & Equipment - 2.2%
American Axle & Manufacturing, Inc., 5.00%, 10/01/2029		645,000		559,975
Dana, Inc., 4.25%, 09/01/2030		200,000		172,721
				732,696
Chemicals - 2.1%
Olin Corp., 5.13%, 09/15/2027		709,000		688,396
Commercial Services - 1.9%
United Rentals North America, Inc., 4.88%, 01/15/2028		655,000		632,945
Computers - 1.7%
Dell, Inc., 6.50%, 04/15/2038		552,000		578,467
Diversified Financial Services - 2.1%
Radian Group, Inc., 4.88%, 03/15/2027		709,000		688,093
Gas - 2.1%
National Fuel Gas Co., 4.75%, 09/01/2028		709,000		685,591
Iron & Steel - 1.6%
Cleveland-Cliffs, Inc., 5.88%, 06/01/2027		525,000		520,253
Lodging - 2.0%
Hilton Domestic Operating Co., Inc., 4.88%, 01/15/2030(a)		702,000		668,139
Media - 2.0%
AMC Networks, Inc., 4.75%, 08/01/2025		710,000		677,746
Miscellaneous Manufacturers - 2.1%
Trinity Industries, Inc., 4.55%, 10/01/2024		709,000		699,787
Oil & Gas - 4.2%
Apache Corp., 5.10%, 09/01/2040		709,000		593,752
Murphy Oil Corp., 5.88%, 12/01/2027		780,000		775,163
				1,368,915
Pipelines - 4.0%
EQM Midstream Partners L.P., 5.50%, 07/15/2028		639,000		627,299
Targa Resources Partners LP / Targa Resources Partners Finance Corp., 5.00%, 01/15/2028		709,000		692,840
				1,320,139
TOTAL CORPORATE BONDS (Cost $9,661,369)				9,261,167
CLOSED END FUNDS - 15.4%	Shares
Ares Capital Corp.(a)		53,121		1,074,637
Golub Capital BDC, Inc.(a)		63,822		993,709
PennantPark Floating Rate Capital Ltd.(a)		84,646		967,504
Sixth Street Specialty Lending, Inc.(a)		42,643		930,897
Hercules Capital, Inc.(a)		61,834		1,116,722
TOTAL CLOSED END FUNDS (Cost $5,027,853)				5,083,469
EXCHANGE TRADED FUNDS - 12.5%
AllianceBernstein Global High Income Fund, Inc.		90,387		941,833
Invesco Emerging Markets Sovereign Debt ETF		34,548		696,142
iShares 0-5 Year High Yield Corporate Bond ETF		23,370		990,654
iShares J.P. Morgan EM High Yield Bond ETF		22,873		843,099
VanEck Emerging Markets High Yield Bond ETF(a)		34,254		647,058
TOTAL EXCHANGE TRADED FUNDS (Cost $4,535,839)				4,118,786
REAL ESTATE INVESTMENT TRUSTS - 10.0%
Alpine Income Property Trust, Inc.		19,200		299,712
Apple Hospitality REIT, Inc.(a)		8,843		142,284
Gaming and Leisure Properties, Inc.		2,311		105,104
Global Medical REIT, Inc.		27,123		242,751
Global Net Lease, Inc.		20,754		149,636
Omega Healthcare Investors, Inc.		9,556		297,383
Park Hotels & Resorts, Inc.		12,445		206,587
Plymouth Industrial REIT, Inc.		19,643		423,700
Realty Income Corp.		6,693		348,772
Simon Property Group, Inc.		4,180		619,225
VICI Properties, Inc.		15,377		460,234
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $3,614,424)				3,295,388
COMMON STOCKS - 2.5%
Investment Companies - 2.5%
Runway Growth Finance Corp.		5,622		75,447
WhiteHorse Finance, Inc.(a)		60,250		750,113
				825,560
TOTAL COMMON STOCKS (Cost $941,666)				825,560
SHORT-TERM INVESTMENTS - 21.6%
Investments Purchased with Proceeds from Securities Lending - 21.4%
Mount Vernon Liquid Assets Portfolio, LLC, 4.93%(b)		7,092,783		7,092,783
Money Market Funds - 0.2%
First American Government Obligations Fund - Class X, 5.23%(b)		81,699		81,699
TOTAL SHORT-TERM INVESTMENTS (Cost $7,174,482)				7,174,482
TOTAL INVESTMENTS - 120.5% (Cost $42,059,856)			$	39,847,252
Liabilities in Excess of Other Assets - (20.5)%				(6,777,771	)
TOTAL NET ASSETS - 100.0%			$	33,069,481
Percentages are stated as a percent of net assets.

(a)	All or a portion of this security is on loan as of February 29, 2024. The total market value of these securities was $6,888,149 which represented 20.8% of net assets.
(b)	The rate shown represents the 7-day effective yield as of February 29, 2024.

Summary of Fair Value Exposure at February 29, 2024 (Unaudited) The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: • Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. • Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data. • Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. The following is a summary of the inputs used to value the Fund's investments as of February 29, 2024: Sound Enhanced Fixed Income ETF
	Level 1		Level 2		Level 3		Total
Assets:
Preferred Stocks	$	10,088,400	$	–	$	–	$	10,088,400
Corporate Bonds		–		9,261,167		–		9,261,167
Closed End Funds		5,083,469		–		–		5,083,469
Exchange Traded Funds		4,118,786		–		–		4,118,786
Real Estate Investment Trusts		3,295,388		–		–		3,295,388
Common Stocks		825,560		–		–		825,560
Investments Purchased with Proceeds from Securities Lending(a)		–		–		–		7,092,783
Money Market Funds		81,699		–		–		81,699
Total Assets	$	23,493,302	$	9,261,167	$	–	$	39,847,252
Refer to the Schedule of Investments for industry classifications.

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.