AB Active ETFs (SDFI) NPORT-P SP Funds Dow Jones Global Sukuk ETF (Aug 2024 report)

SP Funds Dow Jones Global Sukuk ETF
Schedule of Investments
August 31, 2024 (Unaudited)
FOREIGN GOVERNMENT SUKUK - 50.4%	Par		Value
Multi-National - 10.3%
ICDPS Sukuk Ltd.
1.81%, 10/15/2025	$	1,000,000	$	950,620
4.95%, 02/14/2029		900,000		914,092
IsDB Trust Services No. 2 SARL
1.26%, 03/31/2026		4,400,000		4,204,260
1.44%, 10/21/2026		3,127,000		2,952,920
3.21%, 04/28/2027		3,200,000		3,132,144
4.75%, 10/27/2027		1,600,000		1,630,856
4.60%, 03/14/2028		3,700,000		3,771,151
4.91%, 10/03/2028		3,700,000		3,840,119
4.75%, 05/15/2029		3,400,000		3,520,870
				24,917,032
Sovereign - 40.1%(a)
Hong Kong Sukuk 2017 Ltd., 3.13%, 02/28/2027		1,800,000		1,763,570
KSA Sukuk Ltd.
3.63%, 04/20/2027		8,000,000		7,872,026
5.25%, 06/04/2027		2,300,000		2,352,143
5.27%, 10/25/2028		4,500,000		4,661,319
4.30%, 01/19/2029		3,600,000		3,594,915
4.27%, 05/22/2029		5,400,000		5,393,833
2.97%, 10/29/2029		4,500,000		4,204,255
5.25%, 06/04/2030		2,700,000		2,791,738
2.25%, 05/17/2031		3,600,000		3,126,195
4.51%, 05/22/2033		5,200,000		5,186,272
5.25%, 06/04/2034		4,100,000		4,247,756
Malaysia Sovereign Sukuk Bhd., 4.24%, 04/22/2045		900,000		839,078
Malaysia Sukuk Global Bhd.
3.18%, 04/27/2026		1,850,000		1,818,281
4.08%, 04/27/2046		950,000		864,453
Malaysia Wakala Sukuk Bhd.
2.07%, 04/28/2031		1,400,000		1,218,503
3.08%, 04/28/2051		950,000		713,917
Perusahaan Penerbit SBSN Indonesia III
4.55%, 03/29/2026		3,200,000		3,217,757
1.50%, 06/09/2026		2,200,000		2,092,106
4.15%, 03/29/2027		3,500,000		3,493,245
4.40%, 06/06/2027		3,100,000		3,114,698
4.40%, 03/01/2028		3,200,000		3,211,432
5.40%, 11/15/2028		1,700,000		1,767,195
4.45%, 02/20/2029		2,300,000		2,311,637
5.10%, 07/02/2029		1,300,000		1,337,996
2.80%, 06/23/2030		1,800,000		1,644,297
2.55%, 06/09/2031		1,800,000		1,594,984
4.70%, 06/06/2032		2,600,000		2,620,828
5.60%, 11/15/2033		1,800,000		1,921,659
5.20%, 07/02/2034		1,800,000		1,869,143
3.80%, 06/23/2050		1,400,000		1,139,965
3.55%, 06/09/2051		1,400,000		1,087,261
5.50%, 07/02/2054		1,000,000		1,061,275
ROP Sukuk Trust, 5.05%, 06/06/2029		1,700,000		1,737,664
Sharjah Sukuk Program Ltd.
3.85%, 04/03/2026		1,800,000		1,763,653
2.94%, 06/10/2027		1,800,000		1,694,836
4.23%, 03/14/2028		2,200,000		2,144,776
3.23%, 10/23/2029		1,840,000		1,685,900
3.89%, 04/04/2030		1,400,000		1,318,113
3.20%, 07/13/2031		1,400,000		1,237,956
6.09%, 03/19/2034		1,600,000		1,695,373
				97,412,003
TOTAL FOREIGN GOVERNMENT SUKUK (Cost $122,408,408)				122,329,035
CORPORATE SUKUK - 46.2%
Airlines - 0.4%
Unity 1 Sukuk Ltd., 2.39%, 11/03/2025		1,100,000		1,064,450
Banks - 15.8%
Adib Sukuk Co. II Ltd., 5.70%, 11/15/2028		900,000		938,405
Al Rajhi Sukuk Ltd.
4.75%, 04/05/2028		2,000,000		2,011,460
5.05%, 03/12/2029		1,900,000		1,937,747
AUB Sukuk Ltd., 2.62%, 09/09/2026		1,000,000		953,947
Banque Saudi Fransi, 4.75%, 05/31/2028		1,500,000		1,506,052
Boubyan Sukuk Ltd., 3.39%, 03/29/2027		1,000,000		971,043
BSF Sukuk Co. Ltd., 5.00%, 01/25/2029		1,200,000		1,215,454
DIB Sukuk Ltd.
2.95%, 01/16/2026		2,200,000		2,145,991
1.96%, 06/22/2026		1,800,000		1,713,854
2.74%, 02/16/2027		1,200,000		1,145,288
5.49%, 11/30/2027		1,400,000		1,436,701
4.80%, 08/16/2028		1,800,000		1,811,512
5.24%, 03/04/2029		1,900,000		1,945,469
EI Sukuk Co. Ltd.
1.83%, 09/23/2025		800,000		772,958
2.08%, 11/02/2026		800,000		755,573
5.43%, 05/28/2029		1,300,000		1,342,231
Fab Sukuk Co. Ltd.
1.41%, 01/14/2026		1,200,000		1,145,927
2.59%, 03/02/2027		800,000		763,348
4.58%, 01/17/2028		800,000		801,502
4.78%, 01/23/2029		1,400,000		1,412,502
KFH Sukuk Co., 5.01%, 01/17/2029		1,700,000		1,724,430
MAR Sukuk Ltd., 2.21%, 09/02/2025		1,400,000		1,361,863
QIB Sukuk Ltd.
1.95%, 10/27/2025		1,600,000		1,548,528
5.58%, 11/22/2028		1,500,000		1,553,468
QIIB Senior Oryx Ltd., 5.25%, 01/24/2029		800,000		820,557
SIB Sukuk Co. III Ltd., 5.25%, 07/03/2029		850,000		865,177
SNB Sukuk Ltd.
2.34%, 01/19/2027		1,400,000		1,330,011
5.13%, 02/27/2029		1,500,000		1,528,838
Warba Sukuk Ltd., 5.35%, 07/10/2029		850,000		872,564
				38,332,400
Commercial Services - 3.0%
DP World Crescent Ltd.
4.85%, 09/26/2028		1,800,000		1,818,477
3.88%, 07/18/2029		1,800,000		1,741,309
3.75%, 01/30/2030		800,000		764,640
5.50%, 09/13/2033		2,800,000		2,917,796
				7,242,222
Diversified Financial Services - 1.7%
Air Lease Corp. Sukuk Ltd., 5.85%, 04/01/2028		1,000,000		1,012,220
Aldar Investment Properties Sukuk Ltd.
4.88%, 05/24/2033		800,000		806,828
5.50%, 05/16/2034		800,000		838,640
DAE Sukuk Difc Ltd., 3.75%, 02/15/2026		1,400,000		1,376,088
				4,033,776
Electric - 8.2%
Saudi Electricity Global Sukuk Co. 2, 5.06%, 04/08/2043		1,800,000		1,765,777
Saudi Electricity Global Sukuk Co. 3, 5.50%, 04/08/2044		1,800,000		1,828,795
Saudi Electricity Global Sukuk Co. 4, 4.72%, 09/27/2028		2,200,000		2,220,528
Saudi Electricity Global Sukuk Co. 5
1.74%, 09/17/2025		1,200,000		1,163,226
2.41%, 09/17/2030		1,200,000		1,058,703
Saudi Electricity Sukuk Programme Co.
4.94%, 02/13/2029		1,400,000		1,422,084
4.63%, 04/11/2033		2,000,000		1,996,065
5.19%, 02/13/2034		2,500,000		2,574,490
5.68%, 04/11/2053		2,700,000		2,704,941
Tabreed Sukuk SPC Ltd., 5.50%, 10/31/2025		500,000		503,435
TNB Global Ventures Capital Bhd.
3.24%, 10/19/2026		1,400,000		1,359,128
4.85%, 11/01/2028		1,400,000		1,416,144
				20,013,316
Food - 0.5%
Almarai Co. JSC, 5.23%, 07/25/2033		1,300,000		1,325,714
Investment Companies - 6.5%
Dua Capital Ltd.
1.66%, 05/11/2026		800,000		759,217
2.78%, 05/11/2031		1,000,000		888,038
Khazanah Global Sukuk Bhd., 4.69%, 06/01/2028		1,300,000		1,307,515
Mdgh Sukuk Ltd., 4.96%, 04/04/2034		1,700,000		1,754,372
Senaat Sukuk Ltd., 4.76%, 12/05/2025		600,000		598,114
Suci Second Investment Co.
6.00%, 10/25/2028		4,100,000		4,318,817
5.17%, 03/05/2031		3,600,000		3,684,355
6.25%, 10/25/2033		2,200,000		2,439,810
				15,750,238
Oil & Gas - 3.3%
SA Global Sukuk Ltd.
1.60%, 06/17/2026		3,600,000		3,411,036
2.69%, 06/17/2031		5,200,000		4,615,234
				8,026,270
Pipelines - 1.1%
TMS Issuer Sarl, 5.78%, 08/23/2032		2,600,000		2,717,986
Real Estate - 4.0%
Aldar Sukuk Ltd., 4.75%, 09/29/2025		800,000		798,370
Aldar Sukuk No. 2 Ltd., 3.88%, 10/22/2029		800,000		771,866
Emaar Sukuk Ltd.
3.64%, 09/15/2026		1,400,000		1,369,522
3.88%, 09/17/2029		800,000		766,480
3.70%, 07/06/2031		800,000		749,347
Esic Sukuk Ltd., 5.83%, 02/14/2029		1,200,000		1,236,513
MAF Sukuk Ltd.
4.50%, 11/03/2025		1,000,000		995,670
4.64%, 05/14/2029		1,000,000		995,825
3.93%, 02/28/2030		1,000,000		962,337
5.00%, 06/01/2033		1,000,000		1,010,296
				9,656,226
Telecommunications - 1.7%
Axiata SPV2 Bhd.
4.36%, 03/24/2026		1,000,000		995,661
2.16%, 08/19/2030		1,000,000		868,772
Saudi Telecom Co., 3.89%, 05/13/2029		2,200,000		2,137,853
				4,002,286
TOTAL CORPORATE SUKUK (Cost $111,676,583)				112,164,884
TOTAL INVESTMENTS - 96.6% (Cost $234,084,991)				234,493,919
Other Assets in Excess of Liabilities - 3.4%				8,282,831
TOTAL NET ASSETS - 100.0%			$	242,776,750
Percentages are stated as a percent of net assets.

JSC - Joint Stock Company

SARL - Société à responsabilité limitée

(a) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

Summary of Fair Value Exposure at August 31, 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 August 31, 2024:

SP Funds Dow Jones Global Sukuk ETF

	Level 1		Level 2		Level 3		Total
Assets:
Foreign Government Sukuk	$	–	$	122,329,035	$	–	$	122,329,035
Corporate Sukuk		–		112,164,884		–		112,164,884
Total Assets	$	–	$	234,493,919	$	–	$	234,493,919
Refer to the Schedule of Investments for further disaggregation of investment categories.

Allocation of Portfolio Holdings by Country as of August 31, 2024
(% of Net Assets)
Cayman Islands	$	149,277,852	61.5	%
Indonesia		33,485,478	13.9
Luxembourg		25,770,306	10.6
Malaysia		13,048,707	5.4
Saudi Arabia		4,969,619	2.0
United Arab Emirates		4,440,723	1.8
Hong Kong		1,763,570	0.7
Philippines		1,737,664	0.7
Other Assets in Excess of Liabilities		8,282,831	3.4
	$	242,776,750	100.0	%