AB Active ETFs (SDFI) NPORT-P Acruence Active Hedge U.S. Equity ETF (Jun 2024 report)

Acruence Active Hedge U.S. Equity ETF
Schedule of Investments
as of June 30, 2024 (Unaudited)
COMMON STOCKS - 88.1%		Shares		Value
Aerospace & Defense - 2.1%
TransDigm Group, Inc.			111	$	141,815
Agriculture - 8.1%
Altria Group, Inc.			4,751		216,408
Philip Morris International, Inc.			2,136		216,441
Universal Corp.			2,250		108,427
					541,276
Banks - 14.3%
Huntington Bancshares, Inc.			11,374		149,909
Regions Financial Corp.			6,007		120,380
Simmons First National Corp. - Class A			5,120		90,010
The Goldman Sachs Group, Inc.			214		96,796
Truist Financial Corp.			3,570		138,695
U.S. Bancorp			3,487		138,434
United Bankshares, Inc.			3,493		113,313
Wells Fargo & Co.			1,765		104,823
					952,360
Chemicals - 3.4%
Ecolab, Inc.			341		81,158
LyondellBasell Industries NV - Class A			1,504		143,873
					225,031
Diversified Financial Services - 3.4%
Apollo Global Management, Inc.			1,115		131,648
CME Group, Inc. - Class A			481		94,565
					226,213
Electric - 5.1%
Brookfield Infrastructure Partners LP			3,616		99,223
NRG Energy, Inc.			1,919		149,414
OGE Energy Corp.			2,656		94,819
					343,456
Healthcare - Products - 1.4%
Boston Scientific Corp.(a)			1,167		89,871
Insurance - 8.6%
American Financial Group, Inc.			1,232		151,561
American International Group, Inc.			1,189		88,271
Lincoln National Corp.			3,898		121,228
Reinsurance Group of America, Inc.			482		98,940
The Allstate Corp.			693		110,644
					570,644
Internet - 7.9%
Amazon.com, Inc.(a)			628		121,361
Cogent Communications Holdings, Inc.			1,839		103,793
Robinhood Markets, Inc. - Class A(a)			6,696		152,066
Uber Technologies, Inc.(a)			2,100		152,628
					529,848
Leisure Time - 2.4%
Royal Caribbean Cruises Ltd.(a)			1,007		160,546
Packaging & Containers - 1.4%
Packaging Corp of America			517		94,384
Pharmaceuticals - 2.9%
McKesson Corp.			162		94,615
Pfizer, Inc.			3,485		97,510
					192,125
Pipelines - 3.6%
Enterprise Products Partners L.P.			8,329		241,374
Private Equity - 1.8%
KKR & Co., Inc.			1,142		120,184
Retail - 3.0%
Costco Wholesale Corp.			120		101,999
Dillard's, Inc. - Class A			227		99,968
					201,967
Savings & Loans - 1.4%
Northwest Bancshares, Inc.			7,936		91,661
Semiconductors - 10.5%
Applied Materials, Inc.			555		130,974
Broadcom, Inc.			90		144,498
KLA Corp.			154		126,974
Lam Research Corp.			147		156,533
NVIDIA Corp.			1,168		144,295
					703,274
Software - 1.6%
Palantir Technologies, Inc. - Class A(a)			4,211		106,665
Telecommunications - 5.2%
Arista Networks, Inc.(a)			472		165,426
AT&T, Inc.			4,727		90,333
Verizon Communications, Inc.			2,203		90,852
					346,611
TOTAL COMMON STOCKS (Cost $5,732,412)					5,879,305
REAL ESTATE INVESTMENT TRUSTS - 4.4%
Agree Realty Corp.			1,373		85,044
Arbor Realty Trust, Inc.			6,319		90,678
NNN REIT, Inc.			2,816		119,961
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $291,581)					295,683
PURCHASED OPTIONS - 0.3%(b)(c)	Notional Amount	Contracts
Call Options - 0.3%				$	–
CBOE Volatility Index, Expiration: 07/17/2024; Exercise Price: $40.00	3,245,596		2,609		15,654
TOTAL PURCHASED OPTIONS (Cost $31,900)					15,654
SHORT-TERM INVESTMENTS - 7.0%
Money Market Funds - 7.0%		Shares
First American Government Obligations Fund - Class X, 5.23%(d)			470,075		470,075
TOTAL SHORT-TERM INVESTMENTS (Cost $470,075)					470,075
TOTAL INVESTMENTS - 99.8% (Cost $6,525,968)				$	6,660,717
Other Assets in Excess of Liabilities - 0.2%					15,891
TOTAL NET ASSETS - 100.0%				$	6,676,608
Percentages are stated as a percent of net assets.
NV - Naamloze Vennootschap

(a)	Non-income producing security.
(b)	Exchange-traded.
(c)	100 shares per contract.
(d)	The rate shown represents the 7-day effective yield as of June 30, 2024.

Summary of Fair Value Exposure at June 30, 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 June 30, 2024:

Acruence Active Hedge U.S. Equity ETF	Level 1		Level 2		Level 3		Total
Investments:
Common Stocks	$	5,879,305	$	–	$	–	$	5,879,305
Real Estate Investment Trusts		295,683		–		–		295,683
Purchased Options		–		15,654		–		15,654
Money Market Funds		470,075		–		–		470,075
Total Investments	$	6,645,063	$	15,654	$	–	$	6,660,717
Refer to the Schedule of Investments for additional information.