# EDGAR Filing Document

**Accession Number:** 0000883676
**File Stem:** 0001193125-25-309222
**Filing Date:** 2025-12
**Character Count:** 371207
**Document Hash:** f6c6cb489a94c3be39f9c54e34422b1a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-309222.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001193125-25-309222

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 42

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**EFFECTIVENESS DATE**: 20251205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB GLOBAL BOND FUND, INC.
- **CENTRAL INDEX KEY:** 0000883676

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06554
- **FILM NUMBER:** 251552079

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN GLOBAL BOND FUND INC
- **DATE OF NAME CHANGE:** 20071105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN GLOBAL GOVERNMENT INCOME TRUST INC
- **DATE OF NAME CHANGE:** 20060201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN AMERICAS GOVERNMENT INCOME TRUST INC
- **DATE OF NAME CHANGE:** 20030319

## Series and Classes Contracts Data

### AB GLOBAL BOND FUND, INC. (Series ID: S000010128)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000028113 | Class A       | ANAGX           |
| C000028115 | Class C       | ANACX           |
| C000057411 | Class I       | ANAIX           |
| C000057412 | Advisor Class | ANAYX           |
| C000135460 | Class Z       | ANAZX           |

?xml version='1.0' encoding='ASCII'? AB Global Bond Fund, Inc.

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM N-CSR

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED

#### MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number: 811-06554

## AB GLOBAL BOND FUND, INC.

#### (Exact name of registrant as specified in charter)

#### 66 Hudson Boulevard East, New York, New York 10005

#### (Address of principal executive offices) (Zip code)

#### Stephen M. Woetzel

#### AllianceBernstein L.P.

#### 66 Hudson Boulevard East

#### New York, New York 10005

#### (Name and address of agent for service)

#### Registrant's telephone number, including area code: (800) 221-5672

#### Date of fiscal year end: September 30, 2025

#### Date of reporting period: September 30, 2025

------

#### ITEM 1. REPORTS TO STOCKHOLDERS.

# Class A:ANAGX
September 30, 2025

![Image](g25611g57x91.jpg)

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.abfunds.com/link/AB/ANAGX-A](g25611g74w81.jpg)

SCAN ME

# Please scan QR code for Fund Information

# AB Global Bond Fund

## Annual Shareholder Report
This annual shareholder report contains important information about the AB Global Bond Fund (the "Fund") for the period of October 1, 2024 to September 30, 2025. You can find additional information about the Fund at https://www.abfunds.com/link/AB/ANAGX-A. You can also request this information by contacting us at (800) 227 4618.

## What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Cost of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class A | $79 | 0.78% |

---

## How did the Fund perform last year? What affected the Fund's performance?
During the 12-month period ended September 30, 2025, all share classes of the Fund outperformed the Bloomberg Global Aggregate Bond Index (USD hedged) ("the benchmark"), before sales charges. The strongest contributions to performance came from sector allocation, particularly overweight positions in corporate bonds across both investment-grade and noninvestment-grade categories, as well as covered bonds and asset-backed securities. Mortgage pass-throughs and commercial mortgage-backed securities also added value. Security selection within corporate and structured products further supported returns.

Yield-curve positioning was another positive factor, especially in U.S. Treasuries and select sovereign exposures. Country allocation contributed meaningfully, with overweights in the Canadian dollar, eurozone euro and select emerging-market sovereigns such as the Peruvian Sol and Quasi-Sovereigns. Currency management was mixed; while overall currency selection slightly detracted, active decisions in the Canadian dollar and eurozone euro provided incremental gains.

On the downside, currency exposure was a modest detractor, particularly underweights in the U.S. dollar and Chinese yuan, along with select emerging-market currencies. Forward premium effects also weighed slightly on performance, reflecting the costs associated with currency hedging and forward contracts.

During the 12-month period, the Fund utilized derivatives including currency futures and forwards, as well as credit default and interest rate swaps, for both hedging and investment purposes.

## Performance Highlights
**Top contributors to performance:**

* During the 12-month period, sector allocation, security selection and yield-curve positioning contributed the most to outperformance.

**Top detractors from performance:**

* During the 12-month period, currency exposure and forward premium effects modestly detracted from performance. 

**Class A:**ANAGX

## Fund Performance
The following graph shows the performance of hypothetical $10,000 investments in the Fund and a broad-based securities market index over the most recently completed 10 fiscal years of the Fund, or since inception, if shorter. The Fund's performance reflects applicable sales charges and assumes the reinvestment of dividends.

![A line chart as described in the following paragraph.](g25611g90f39.jpg)

---

| | | |
|:---|:---|:---|
| | **Class A (with sales charges)** | **Bloomberg Global Aggregate Bond Index (USD hedged)** |
| **09/15** | $9575 | $10000 |
| **09/16** | $10220 | $10654 |
| **09/17** | $10332 | $10636 |
| **09/18** | $10298 | $10723 |
| **09/19** | $11182 | $11865 |
| **09/20** | $11468 | $12356 |
| **09/21** | $11574 | $12287 |
| **09/22** | $10020 | $10806 |
| **09/23** | $10137 | $11032 |
| **09/24** | $11273 | $12205 |
| **09/25** | $11593 | $12579 |

---

## Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | 1 Year | 5 Years | 10 Years |
| Class A (without sales charges) | 2.84% | 0.22% | 1.93% |
| Class A (with sales charges) | -1.50% | -0.64% | 1.49% |
| Bloomberg Global Aggregate Bond Index (USD hedged) | 3.06% | 0.36% | 2.32% |

---

**The Fund's past performance is not a good predictor of the Fund's future performance.**

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

Visit https://www.alliancebernstein.com/us/en-us/investments/products/mutual-funds/fixed-income/ab-global-bond-fund.A.01853W105.html#performance for the most recent performance information.

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $6469631971 |
| # of Portfolio Holdings | 1754 |
| Portfolio Turnover Rate | 301% |
| Total Advisory Fees Paid (Net) | $27086084 |

---

**Class A:**ANAGX

## Graphical Representation of Holdings

### Security Type Breakdown (% of Net Assets)
![A graphical representation of Investments made.](g25611g64u22.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Governments - Treasuries | 42.5% |
| Corporates - Investment Grade | 23.7% |
| Mortgage Pass-Throughs | 13.9% |
| Collateralized Mortgage Obligations | 3.9% |
| Collateralized Loan Obligations | 3.3% |
| Commercial Mortgage-Backed Securities | 3.1% |
| Covered Bonds | 2.7% |
| Asset-Backed Securities | 2.6% |
| Corporates - Non-Investment Grade | 2.2% |
| Inflation-Linked Securities | 1.8% |
| Governments - Sovereign Agencies | 1.4% |
| Governments - Sovereign Bonds | 1.1% |
| Others | 4.6% |
| Short-Term Investments | 5.0% |
| Other Assets less Liabilities | -11.8% |

---

### Country Breakdown (% of Net Assets)
![A graphical representation of Investments made.](g25611g66z40.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| United States | 47.3% |
| Japan | 9.6% |
| United Kingdom | 8.0% |
| Germany | 4.9% |
| France | 4.7% |
| Canada | 4.1% |
| Mexico | 3.8% |
| Spain | 3.3% |
| China | 3.0% |
| Australia | 2.7% |
| Italy | 2.4% |
| Hungary | 1.3% |
| Poland | 1.1% |
| Others | 10.6% |
| Short-Term Investments | 5.0% |
| Other Assets less Liabilities | -11.8% |

---

## Availability of Additional Information
You can find additional information at https://www.abfunds.com/link/AB/ANAGX-A, including the Fund's:

• Prospectus

• Financial information

• Fund holdings

• Proxy voting information

You can also request this information by contacting us at (800) 227 4618.

## Householding
Shareholders who have consented to receive a single annual or semi-annual shareholder report at a shared address may revoke this consent by contacting us at (800) 227 4618.

The [A/B] logo and AllianceBernstein<sup>®</sup> are registered trademarks used by permission of the owner, AllianceBernstein L.P.

GB-A-0153-0925

**Class A:**ANAGX

# Advisor Class:ANAYX
September 30, 2025

![Image](g25611g57x91.jpg)

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.abfunds.com/link/AB/ANAYX-A](g25611g54n23.jpg)

SCAN ME

# Please scan QR code for Fund Information

# AB Global Bond Fund

## Annual Shareholder Report
This annual shareholder report contains important information about the AB Global Bond Fund (the "Fund") for the period of October 1, 2024 to September 30, 2025. You can find additional information about the Fund at https://www.abfunds.com/link/AB/ANAYX-A. You can also request this information by contacting us at (800) 227 4618.

## What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Cost of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Advisor Class | $54 | 0.53% |

---

## How did the Fund perform last year? What affected the Fund's performance?
During the 12-month period ended September 30, 2025, all share classes of the Fund outperformed the Bloomberg Global Aggregate Bond Index (USD hedged) ("the benchmark"), before sales charges. The strongest contributions to performance came from sector allocation, particularly overweight positions in corporate bonds across both investment-grade and noninvestment-grade categories, as well as covered bonds and asset-backed securities. Mortgage pass-throughs and commercial mortgage-backed securities also added value. Security selection within corporate and structured products further supported returns.

Yield-curve positioning was another positive factor, especially in U.S. Treasuries and select sovereign exposures. Country allocation contributed meaningfully, with overweights in the Canadian dollar, eurozone euro and select emerging-market sovereigns such as the Peruvian Sol and Quasi-Sovereigns. Currency management was mixed; while overall currency selection slightly detracted, active decisions in the Canadian dollar and eurozone euro provided incremental gains.

On the downside, currency exposure was a modest detractor, particularly underweights in the U.S. dollar and Chinese yuan, along with select emerging-market currencies. Forward premium effects also weighed slightly on performance, reflecting the costs associated with currency hedging and forward contracts.

During the 12-month period, the Fund utilized derivatives including currency futures and forwards, as well as credit default and interest rate swaps, for both hedging and investment purposes.

## Performance Highlights
**Top contributors to performance:**

* During the 12-month period, sector allocation, security selection and yield-curve positioning contributed the most to outperformance.

**Top detractors from performance:**

* During the 12-month period, currency exposure and forward premium effects modestly detracted from performance. 

**Advisor Class:**ANAYX

## Fund Performance
The following graph shows the performance of hypothetical $10,000 investments in the Fund and a broad-based securities market index over the most recently completed 10 fiscal years of the Fund, or since inception, if shorter. The Fund's performance reflects applicable sales charges and assumes the reinvestment of dividends.

![A line chart as described in the following paragraph.](g25611g11o98.jpg)

---

| | | |
|:---|:---|:---|
| | **Advisor Class** | **Bloomberg Global Aggregate Bond Index (USD hedged)** |
| **09/15** | $10000 | $10000 |
| **09/16** | $10701 | $10654 |
| **09/17** | $10845 | $10636 |
| **09/18** | $10839 | $10723 |
| **09/19** | $11799 | $11865 |
| **09/20** | $12131 | $12356 |
| **09/21** | $12274 | $12287 |
| **09/22** | $10664 | $10806 |
| **09/23** | $10800 | $11032 |
| **09/24** | $12044 | $12205 |
| **09/25** | $12418 | $12579 |

---

## Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | 1 Year | 5 Years | 10 Years |
| Advisor Class | 3.10% | 0.47% | 2.19% |
| Bloomberg Global Aggregate Bond Index (USD hedged) | 3.06% | 0.36% | 2.32% |

---

**The Fund's past performance is not a good predictor of the Fund's future performance.**

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

Visit https://www.alliancebernstein.com/us/en-us/investments/products/mutual-funds/fixed-income/ab-global-bond-fund.Advisor.01853W709.html#performance for the most recent performance information.

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $6469631971 |
| # of Portfolio Holdings | 1754 |
| Portfolio Turnover Rate | 301% |
| Total Advisory Fees Paid (Net) | $27086084 |

---

**Advisor Class:**ANAYX

## Graphical Representation of Holdings

### Security Type Breakdown (% of Net Assets)
![A graphical representation of Investments made.](g25611g81f94.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Governments - Treasuries | 42.5% |
| Corporates - Investment Grade | 23.7% |
| Mortgage Pass-Throughs | 13.9% |
| Collateralized Mortgage Obligations | 3.9% |
| Collateralized Loan Obligations | 3.3% |
| Commercial Mortgage-Backed Securities | 3.1% |
| Covered Bonds | 2.7% |
| Asset-Backed Securities | 2.6% |
| Corporates - Non-Investment Grade | 2.2% |
| Inflation-Linked Securities | 1.8% |
| Governments - Sovereign Agencies | 1.4% |
| Governments - Sovereign Bonds | 1.1% |
| Others | 4.6% |
| Short-Term Investments | 5.0% |
| Other Assets less Liabilities | -11.8% |

---

### Country Breakdown (% of Net Assets)
![A graphical representation of Investments made.](g25611g30k28.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| United States | 47.3% |
| Japan | 9.6% |
| United Kingdom | 8.0% |
| Germany | 4.9% |
| France | 4.7% |
| Canada | 4.1% |
| Mexico | 3.8% |
| Spain | 3.3% |
| China | 3.0% |
| Australia | 2.7% |
| Italy | 2.4% |
| Hungary | 1.3% |
| Poland | 1.1% |
| Others | 10.6% |
| Short-Term Investments | 5.0% |
| Other Assets less Liabilities | -11.8% |

---

## Availability of Additional Information
You can find additional information at https://www.abfunds.com/link/AB/ANAYX-A, including the Fund's:

• Prospectus

• Financial information

• Fund holdings

• Proxy voting information

You can also request this information by contacting us at (800) 227 4618.

## Householding
Shareholders who have consented to receive a single annual or semi-annual shareholder report at a shared address may revoke this consent by contacting us at (800) 227 4618.

The [A/B] logo and AllianceBernstein<sup>®</sup> are registered trademarks used by permission of the owner, AllianceBernstein L.P.

GB-ADV-0153-0925

**Advisor Class:**ANAYX

# Class C:ANACX
September 30, 2025

![Image](g25611g57x91.jpg)

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.abfunds.com/link/AB/ANACX-A](g25611g07c25.jpg)

SCAN ME

# Please scan QR code for Fund Information

# AB Global Bond Fund

## Annual Shareholder Report
This annual shareholder report contains important information about the AB Global Bond Fund (the "Fund") for the period of October 1, 2024 to September 30, 2025. You can find additional information about the Fund at https://www.abfunds.com/link/AB/ANACX-A. You can also request this information by contacting us at (800) 227 4618.

## What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Cost of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class C | $155 | 1.53% |

---

## How did the Fund perform last year? What affected the Fund's performance?
During the 12-month period ended September 30, 2025, all share classes of the Fund outperformed the Bloomberg Global Aggregate Bond Index (USD hedged) ("the benchmark"), before sales charges. The strongest contributions to performance came from sector allocation, particularly overweight positions in corporate bonds across both investment-grade and noninvestment-grade categories, as well as covered bonds and asset-backed securities. Mortgage pass-throughs and commercial mortgage-backed securities also added value. Security selection within corporate and structured products further supported returns.

Yield-curve positioning was another positive factor, especially in U.S. Treasuries and select sovereign exposures. Country allocation contributed meaningfully, with overweights in the Canadian dollar, eurozone euro and select emerging-market sovereigns such as the Peruvian Sol and Quasi-Sovereigns. Currency management was mixed; while overall currency selection slightly detracted, active decisions in the Canadian dollar and eurozone euro provided incremental gains.

On the downside, currency exposure was a modest detractor, particularly underweights in the U.S. dollar and Chinese yuan, along with select emerging-market currencies. Forward premium effects also weighed slightly on performance, reflecting the costs associated with currency hedging and forward contracts.

During the 12-month period, the Fund utilized derivatives including currency futures and forwards, as well as credit default and interest rate swaps, for both hedging and investment purposes.

## Performance Highlights
**Top contributors to performance:**

* During the 12-month period, sector allocation, security selection and yield-curve positioning contributed the most to outperformance.

**Top detractors from performance:**

* During the 12-month period, currency exposure and forward premium effects modestly detracted from performance. 

**Class C:**ANACX

## Fund Performance
The following graph shows the performance of hypothetical $10,000 investments in the Fund and a broad-based securities market index over the most recently completed 10 fiscal years of the Fund, or since inception, if shorter. The Fund's performance reflects applicable sales charges and assumes the reinvestment of dividends.

![A line chart as described in the following paragraph.](g25611g84e80.jpg)

---

| | | |
|:---|:---|:---|
| | **Class C (with sales charges)** | **Bloomberg Global Aggregate Bond Index (USD hedged)** |
| **09/15** | $10000 | $10000 |
| **09/16** | $10613 | $10654 |
| **09/17** | $10648 | $10636 |
| **09/18** | $10515 | $10723 |
| **09/19** | $11342 | $11865 |
| **09/20** | $11531 | $12356 |
| **09/21** | $11562 | $12287 |
| **09/22** | $9947 | $10806 |
| **09/23** | $9972 | $11032 |
| **09/24** | $10996 | $12205 |
| **09/25** | $11222 | $12579 |

---

## Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | 1 Year | 5 Years | 10 Years |
| Class C (without sales charges) | 2.05% | -0.54% | 1.16% |
| Class C (with sales charges) | 1.06% | -0.54% | 1.16% |
| Bloomberg Global Aggregate Bond Index (USD hedged) | 3.06% | 0.36% | 2.32% |

---

**The Fund's past performance is not a good predictor of the Fund's future performance.**

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

Visit https://www.alliancebernstein.com/us/en-us/investments/products/mutual-funds/fixed-income/ab-global-bond-fund.C.01853W303.html#performance for the most recent performance information.

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $6469631971 |
| # of Portfolio Holdings | 1754 |
| Portfolio Turnover Rate | 301% |
| Total Advisory Fees Paid (Net) | $27086084 |

---

**Class C:**ANACX

## Graphical Representation of Holdings

### Security Type Breakdown (% of Net Assets)
![A graphical representation of Investments made.](g25611g07h34.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Governments - Treasuries | 42.5% |
| Corporates - Investment Grade | 23.7% |
| Mortgage Pass-Throughs | 13.9% |
| Collateralized Mortgage Obligations | 3.9% |
| Collateralized Loan Obligations | 3.3% |
| Commercial Mortgage-Backed Securities | 3.1% |
| Covered Bonds | 2.7% |
| Asset-Backed Securities | 2.6% |
| Corporates - Non-Investment Grade | 2.2% |
| Inflation-Linked Securities | 1.8% |
| Governments - Sovereign Agencies | 1.4% |
| Governments - Sovereign Bonds | 1.1% |
| Others | 4.6% |
| Short-Term Investments | 5.0% |
| Other Assets less Liabilities | -11.8% |

---

### Country Breakdown (% of Net Assets)
![A graphical representation of Investments made.](g25611g64g04.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| United States | 47.3% |
| Japan | 9.6% |
| United Kingdom | 8.0% |
| Germany | 4.9% |
| France | 4.7% |
| Canada | 4.1% |
| Mexico | 3.8% |
| Spain | 3.3% |
| China | 3.0% |
| Australia | 2.7% |
| Italy | 2.4% |
| Hungary | 1.3% |
| Poland | 1.1% |
| Others | 10.6% |
| Short-Term Investments | 5.0% |
| Other Assets less Liabilities | -11.8% |

---

## Availability of Additional Information
You can find additional information at https://www.abfunds.com/link/AB/ANACX-A, including the Fund's:

• Prospectus

• Financial information

• Fund holdings

• Proxy voting information

You can also request this information by contacting us at (800) 227 4618.

## Householding
Shareholders who have consented to receive a single annual or semi-annual shareholder report at a shared address may revoke this consent by contacting us at (800) 227 4618.

The [A/B] logo and AllianceBernstein<sup>®</sup> are registered trademarks used by permission of the owner, AllianceBernstein L.P.

GB-C-0153-0925

**Class C:**ANACX

# Class I:ANAIX
September 30, 2025

![Image](g25611g57x91.jpg)

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.abfunds.com/link/AB/ANAIX-A](g25611g73g49.jpg)

SCAN ME

# Please scan QR code for Fund Information

# AB Global Bond Fund

## Annual Shareholder Report
This annual shareholder report contains important information about the AB Global Bond Fund (the "Fund") for the period of October 1, 2024 to September 30, 2025. You can find additional information about the Fund at https://www.abfunds.com/link/AB/ANAIX-A. You can also request this information by contacting us at (800) 227 4618.

## What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Cost of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class I | $56 | 0.55% |

---

## How did the Fund perform last year? What affected the Fund's performance?
During the 12-month period ended September 30, 2025, all share classes of the Fund outperformed the Bloomberg Global Aggregate Bond Index (USD hedged) ("the benchmark"), before sales charges. The strongest contributions to performance came from sector allocation, particularly overweight positions in corporate bonds across both investment-grade and noninvestment-grade categories, as well as covered bonds and asset-backed securities. Mortgage pass-throughs and commercial mortgage-backed securities also added value. Security selection within corporate and structured products further supported returns.

Yield-curve positioning was another positive factor, especially in U.S. Treasuries and select sovereign exposures. Country allocation contributed meaningfully, with overweights in the Canadian dollar, eurozone euro and select emerging-market sovereigns such as the Peruvian Sol and Quasi-Sovereigns. Currency management was mixed; while overall currency selection slightly detracted, active decisions in the Canadian dollar and eurozone euro provided incremental gains.

On the downside, currency exposure was a modest detractor, particularly underweights in the U.S. dollar and Chinese yuan, along with select emerging-market currencies. Forward premium effects also weighed slightly on performance, reflecting the costs associated with currency hedging and forward contracts.

During the 12-month period, the Fund utilized derivatives including currency futures and forwards, as well as credit default and interest rate swaps, for both hedging and investment purposes.

## Performance Highlights
**Top contributors to performance:**

* During the 12-month period, sector allocation, security selection and yield-curve positioning contributed the most to outperformance.

**Top detractors from performance:**

* During the 12-month period, currency exposure and forward premium effects modestly detracted from performance. 

**Class I:**ANAIX

## Fund Performance
The following graph shows the performance of hypothetical $10,000 investments in the Fund and a broad-based securities market index over the most recently completed 10 fiscal years of the Fund, or since inception, if shorter. The Fund's performance reflects applicable sales charges and assumes the reinvestment of dividends.

![A line chart as described in the following paragraph.](g25611g20r47.jpg)

---

| | | |
|:---|:---|:---|
| | **Class I** | **Bloomberg Global Aggregate Bond Index (USD hedged)** |
| **09/15** | $10000 | $10000 |
| **09/16** | $10701 | $10654 |
| **09/17** | $10846 | $10636 |
| **09/18** | $10842 | $10723 |
| **09/19** | $11804 | $11865 |
| **09/20** | $12133 | $12356 |
| **09/21** | $12290 | $12287 |
| **09/22** | $10665 | $10806 |
| **09/23** | $10799 | $11032 |
| **09/24** | $12037 | $12205 |
| **09/25** | $12391 | $12579 |

---

## Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | 1 Year | 5 Years | 10 Years |
| Class I | 2.93% | 0.42% | 2.17% |
| Bloomberg Global Aggregate Bond Index (USD hedged) | 3.06% | 0.36% | 2.32% |

---

**The Fund's past performance is not a good predictor of the Fund's future performance.**

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

Visit https://www.alliancebernstein.com/us/en-us/investments/products/mutual-funds/fixed-income/ab-global-bond-fund.I.01853W600.html#performance for the most recent performance information.

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $6469631971 |
| # of Portfolio Holdings | 1754 |
| Portfolio Turnover Rate | 301% |
| Total Advisory Fees Paid (Net) | $27086084 |

---

**Class I:**ANAIX

## Graphical Representation of Holdings

### Security Type Breakdown (% of Net Assets)
![A graphical representation of Investments made.](g25611g86v71.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Governments - Treasuries | 42.5% |
| Corporates - Investment Grade | 23.7% |
| Mortgage Pass-Throughs | 13.9% |
| Collateralized Mortgage Obligations | 3.9% |
| Collateralized Loan Obligations | 3.3% |
| Commercial Mortgage-Backed Securities | 3.1% |
| Covered Bonds | 2.7% |
| Asset-Backed Securities | 2.6% |
| Corporates - Non-Investment Grade | 2.2% |
| Inflation-Linked Securities | 1.8% |
| Governments - Sovereign Agencies | 1.4% |
| Governments - Sovereign Bonds | 1.1% |
| Others | 4.6% |
| Short-Term Investments | 5.0% |
| Other Assets less Liabilities | -11.8% |

---

### Country Breakdown (% of Net Assets)
![A graphical representation of Investments made.](g25611g93g29.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| United States | 47.3% |
| Japan | 9.6% |
| United Kingdom | 8.0% |
| Germany | 4.9% |
| France | 4.7% |
| Canada | 4.1% |
| Mexico | 3.8% |
| Spain | 3.3% |
| China | 3.0% |
| Australia | 2.7% |
| Italy | 2.4% |
| Hungary | 1.3% |
| Poland | 1.1% |
| Others | 10.6% |
| Short-Term Investments | 5.0% |
| Other Assets less Liabilities | -11.8% |

---

## Availability of Additional Information
You can find additional information at https://www.abfunds.com/link/AB/ANAIX-A, including the Fund's:

• Prospectus

• Financial information

• Fund holdings

• Proxy voting information

You can also request this information by contacting us at (800) 227 4618.

## Householding
Shareholders who have consented to receive a single annual or semi-annual shareholder report at a shared address may revoke this consent by contacting us at (800) 227 4618.

The [A/B] logo and AllianceBernstein<sup>®</sup> are registered trademarks used by permission of the owner, AllianceBernstein L.P.

GB-I-0153-0925

**Class I:**ANAIX

# Class Z:ANAZX
September 30, 2025

![Image](g25611g57x91.jpg)

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.abfunds.com/link/AB/ANAZX-A](g25611g26x56.jpg)

SCAN ME

# Please scan QR code for Fund Information

# AB Global Bond Fund

## Annual Shareholder Report
This annual shareholder report contains important information about the AB Global Bond Fund (the "Fund") for the period of October 1, 2024 to September 30, 2025. You can find additional information about the Fund at https://www.abfunds.com/link/AB/ANAZX-A. You can also request this information by contacting us at (800) 227 4618.

## What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Cost of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class Z | $52 | 0.51% |

---

## How did the Fund perform last year? What affected the Fund's performance?
During the 12-month period ended September 30, 2025, all share classes of the Fund outperformed the Bloomberg Global Aggregate Bond Index (USD hedged) ("the benchmark"), before sales charges. The strongest contributions to performance came from sector allocation, particularly overweight positions in corporate bonds across both investment-grade and noninvestment-grade categories, as well as covered bonds and asset-backed securities. Mortgage pass-throughs and commercial mortgage-backed securities also added value. Security selection within corporate and structured products further supported returns.

Yield-curve positioning was another positive factor, especially in U.S. Treasuries and select sovereign exposures. Country allocation contributed meaningfully, with overweights in the Canadian dollar, eurozone euro and select emerging-market sovereigns such as the Peruvian Sol and Quasi-Sovereigns. Currency management was mixed; while overall currency selection slightly detracted, active decisions in the Canadian dollar and eurozone euro provided incremental gains.

On the downside, currency exposure was a modest detractor, particularly underweights in the U.S. dollar and Chinese yuan, along with select emerging-market currencies. Forward premium effects also weighed slightly on performance, reflecting the costs associated with currency hedging and forward contracts.

During the 12-month period, the Fund utilized derivatives including currency futures and forwards, as well as credit default and interest rate swaps, for both hedging and investment purposes.

## Performance Highlights
**Top contributors to performance:**

* During the 12-month period, sector allocation, security selection and yield-curve positioning contributed the most to outperformance.

**Top detractors from performance:**

* During the 12-month period, currency exposure and forward premium effects modestly detracted from performance. 

**Class Z:**ANAZX

## Fund Performance
The following graph shows the performance of hypothetical $10,000 investments in the Fund and a broad-based securities market index over the most recently completed 10 fiscal years of the Fund, or since inception, if shorter. The Fund's performance reflects applicable sales charges and assumes the reinvestment of dividends.

![A line chart as described in the following paragraph.](g25611g03r57.jpg)

---

| | | |
|:---|:---|:---|
| | **Class Z** | **Bloomberg Global Aggregate Bond Index (USD hedged)** |
| **09/15** | $10000 | $10000 |
| **09/16** | $10718 | $10654 |
| **09/17** | $10856 | $10636 |
| **09/18** | $10858 | $10723 |
| **09/19** | $11828 | $11865 |
| **09/20** | $12163 | $12356 |
| **09/21** | $12326 | $12287 |
| **09/22** | $10702 | $10806 |
| **09/23** | $10841 | $11032 |
| **09/24** | $12111 | $12205 |
| **09/25** | $12453 | $12579 |

---

## Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | 1 Year | 5 Years | 10 Years |
| Class Z | 2.83% | 0.47% | 2.22% |
| Bloomberg Global Aggregate Bond Index (USD hedged) | 3.06% | 0.36% | 2.32% |

---

**The Fund's past performance is not a good predictor of the Fund's future performance.**

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

Visit https://www.alliancebernstein.com/us/en-us/investments/products/mutual-funds/fixed-income/ab-global-bond-fund.Z.01853W808.html#performance for the most recent performance information.

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $6469631971 |
| # of Portfolio Holdings | 1754 |
| Portfolio Turnover Rate | 301% |
| Total Advisory Fees Paid (Net) | $27086084 |

---

**Class Z:**ANAZX

## Graphical Representation of Holdings

### Security Type Breakdown (% of Net Assets)
![A graphical representation of Investments made.](g25611g20t52.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Governments - Treasuries | 42.5% |
| Corporates - Investment Grade | 23.7% |
| Mortgage Pass-Throughs | 13.9% |
| Collateralized Mortgage Obligations | 3.9% |
| Collateralized Loan Obligations | 3.3% |
| Commercial Mortgage-Backed Securities | 3.1% |
| Covered Bonds | 2.7% |
| Asset-Backed Securities | 2.6% |
| Corporates - Non-Investment Grade | 2.2% |
| Inflation-Linked Securities | 1.8% |
| Governments - Sovereign Agencies | 1.4% |
| Governments - Sovereign Bonds | 1.1% |
| Others | 4.6% |
| Short-Term Investments | 5.0% |
| Other Assets less Liabilities | -11.8% |

---

### Country Breakdown (% of Net Assets)
![A graphical representation of Investments made.](g25611g80r07.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| United States | 47.3% |
| Japan | 9.6% |
| United Kingdom | 8.0% |
| Germany | 4.9% |
| France | 4.7% |
| Canada | 4.1% |
| Mexico | 3.8% |
| Spain | 3.3% |
| China | 3.0% |
| Australia | 2.7% |
| Italy | 2.4% |
| Hungary | 1.3% |
| Poland | 1.1% |
| Others | 10.6% |
| Short-Term Investments | 5.0% |
| Other Assets less Liabilities | -11.8% |

---

## Availability of Additional Information
You can find additional information at https://www.abfunds.com/link/AB/ANAZX-A, including the Fund's:

• Prospectus

• Financial information

• Fund holdings

• Proxy voting information

You can also request this information by contacting us at (800) 227 4618.

## Householding
Shareholders who have consented to receive a single annual or semi-annual shareholder report at a shared address may revoke this consent by contacting us at (800) 227 4618.

The [A/B] logo and AllianceBernstein<sup>®</sup> are registered trademarks used by permission of the owner, AllianceBernstein L.P.

GB-Z-0153-0925

**Class Z:**ANAZX

------

#### ITEM 2. CODE OF ETHICS.
(a) The registrant has adopted a code of ethics that applies to its principal executive officer, principal financial officer and principal accounting officer. A copy of the registrant's code of ethics is filed herewith as Exhibit 19(a)(1).

(b) During the period covered by this report, no material amendments were made to the provisions of the code of ethics adopted in 2(a) above.

(c) During the period covered by this report, no implicit or explicit waivers to the provisions of the code of ethics adopted in 2(a) above were granted.

#### ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
The registrant's Board of Directors has determined that independent directors Garry L. Moody, Jorge A. Bermudez, Jeffrey R. Holland, R. Jay Gerken and Ms. Carol C. McMullen qualify as audit committee financial experts.

#### ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a) - (c) The following table sets forth the aggregate fees billed<sup>\*</sup> by the independent registered public accounting firm Ernst & Young LLP, for the Fund's last two fiscal years, for professional services rendered for: (i) the audit of the Fund's annual financial statements included in the Fund's annual report to stockholders; (ii) assurance and related services that are reasonably related to the performance of the audit of the Fund's financial statements and are not reported under (i), which include advice and education related to accounting and auditing issues, quarterly press release review (for those Funds that issue quarterly press releases), and preferred stock maintenance testing (for those Funds that issue preferred stock); and (iii) tax compliance, tax advice and tax return preparation.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | Audit Fees | Audit-Related<br>Fees | Tax Fees |
|  AB Global Bond Fund | 2024 | $100000 | $– $| 15074 |
|  | 2025 | $100000 | $– $| 38138 |

---

(d) Not applicable.

(e) (1) Beginning with audit and non-audit service contracts entered into on or after May 6, 2003, the Fund's Audit Committee policies and procedures require the pre-approval of all audit and non-audit services provided to the Fund by the Fund's independent registered public accounting firm. The Fund's Audit Committee policies and procedures also require pre-approval of all audit and non-audit services provided to the Adviser and Service Affiliates to the extent that these services are directly related to the operations or financial reporting of the Fund.

------

(e) (2) No percentage of services addressed by (b) and (c) of this Item 4 were approved pursuant to the waiver provision of paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. No amounts are reported for Item 4 (d).

(f) Not applicable.

(g) The following table sets forth the aggregate non-audit services provided to the Fund, the Fund's Adviser and entities that control, are controlled by or under common control with the Adviser that provide ongoing services to the Fund: ("Service Affiliates"):

---

| | | | |
|:---|:---|:---|:---|
|  | | All Fees for<br>Non-Audit Services<br>Provided to the<br>Portfolio, the Adviser<br>and Service Affiliates | Total Amount of<br>Foregoing Column Pre-<br>approved by the Audit<br>Committee<br>(Portion Comprised of<br>Audit Related Fees)<br>(Portion Comprised of<br>Tax Fees) |
|  AB Global Bond Fund | 2024 | $2068978 | $15074 |
|  |  |  | $— |
|  |  |  | $(15074) |
|  | 2025 | $1712984 | $38138 |
|  |  |  | $— |
|  |  |  | $(38138) |

---

(h) The Audit Committee of the Fund has considered whether the provision of any non-audit services not pre-approved by the Audit Committee provided by the Fund's independent registered public accounting firm to the Adviser and Service Affiliates is compatible with maintaining the auditor's independence.

(i) Not applicable.

(j) Not applicable.

#### ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant has a separately designated standing audit committee established in accordance with Section (3)(a)(58)(A) of the Securities Exchange Act of 1934. The audit committee members are as follows:

---

| | |
|:---|:---|
| Jorge A. Bermudez | Garry L. Moody |
| Carol C. McMullen | Jeanette Loeb |
| R. Jay Gerken | Jeffrey R. Holland |
| Emilie D. Wrapp |  |

---

------

#### ITEM 6. INVESTMENTS.
Please see Schedule of Investments contained in the Financial Statements included under Item 7 of this Form N-CSR.

#### ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

------

#### September 30, 2025
![LOGO](g25611g28a43.jpg)

#### ANNUAL FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION
AB GLOBAL BOND FUND

![LOGO](g25611g50e50.jpg)

------

 <br> Investment Products Offered   <u> • Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed</u>

Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. For copies of our prospectus or summary prospectus, which contain this and other information, visit us online at www.abfunds.com or contact your AB representative. Please read the prospectus and/or summary prospectus carefully before investing.

This shareholder report must be preceded or accompanied by the Fund's prospectus for individuals who are not current shareholders of the Fund.

You may obtain a description of the Fund's proxy voting policies and procedures, and information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, without charge. Simply visit AB's website at www.abfunds.com, or go to the Securities and Exchange Commission's (the "Commission") website at www.sec.gov, or call AB at (800) 227 4618.

The Fund files its complete schedule of portfolio holdings with the Commission for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Fund's Form N-PORT reports are available on the Commission's website at www.sec.gov. AB publishes full portfolio holdings for the Fund monthly at www.abfunds.com.

AllianceBernstein Investments, Inc. (ABI) is the distributor of the AB family of mutual funds. ABI is a member of FINRA and is an affiliate of AllianceBernstein L.P., the Adviser of the funds.

The [A/B] logo and AllianceBernstein<sup>®</sup> are registered trademarks used by permission of the owner, AllianceBernstein L.P.

------

#### PORTFOLIO OF INVESTMENTS

#### September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  GOVERNMENTS - TREASURIES – 42.5% | GOVERNMENTS - TREASURIES – 42.5% | GOVERNMENTS - TREASURIES – 42.5% | GOVERNMENTS - TREASURIES – 42.5% |
|  **Australia – 1.2%** | **Australia – 1.2%** | **Australia – 1.2%** | **Australia – 1.2%** |
|  Australia Government Bond<br>Series 140<br>4.50%, 04/21/2033<sup>(a)</sup> | AUD | 49861 | $33914224 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 169<br>4.75%, 06/21/2054<sup>(a)</sup> |  | 70084 | 44787496 |
|  |  |  | 78701720 |
|  **Austria – 0.5%** | **Austria – 0.5%** | **Austria – 0.5%** | **Austria – 0.5%** |
|  Republic of Austria Government Bond<br>0.90%, 02/20/2032<sup>(a)</sup> | EUR | 33061 | 34801037 |
|  **Belgium – 0.5%** | **Belgium – 0.5%** | **Belgium – 0.5%** | **Belgium – 0.5%** |
|  Kingdom of Belgium Government Bond<br>Series 100<br>2.85%, 10/22/2034<sup>(a)</sup> |  | 11236 | 12859469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 104<br>3.45%, 06/22/2042<sup>(a)</sup> |  | 14547 | 16295381 |
|  |  |  | 29154850 |
|  **Canada – 1.9%** | **Canada – 1.9%** | **Canada – 1.9%** | **Canada – 1.9%** |
|  Canadian Government Bond<br>2.75%, 03/01/2030 | CAD | 128798 | 92769943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 12/01/2055 |  | 54582 | 33006940 |
|  |  |  | 125776883 |
|  **China – 2.5%** | **China – 2.5%** | **China – 2.5%** | **China – 2.5%** |
|  China Government Bond<br>Series INBK<br>1.61%, 02/15/2035 | CNY | 38350 | 5279988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.11%, 08/25/2034 |  | 805830 | 115684696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 08/25/2055 |  | 284430 | 38976506 |
|  |  |  | 159941190 |
|  **Finland – 0.2%** | **Finland – 0.2%** | **Finland – 0.2%** | **Finland – 0.2%** |
|  Finland Government Bond<br>Series 10Y<br>1.50%, 09/15/2032<sup>(a)</sup> | EUR | 10467 | 11302959 |
|  **France – 0.8%** | **France – 0.8%** | **France – 0.8%** | **France – 0.8%** |
|  French Republic Government Bond OAT<br>Series OAT<br>3.00%, 11/25/2034<sup>(a)</sup> |  | 12354 | 14050953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/25/2035<sup>(a)</sup> |  | 30010 | 35133409 |
|  |  |  | 49184362 |
|  **Germany – 4.3%** | **Germany – 4.3%** | **Germany – 4.3%** | **Germany – 4.3%** |
|  Bundesobligation<br>Series 191<br>2.40%, 04/18/2030<sup>(a)</sup> |  | 36030 | 42546733 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 1 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 192<br>2.20%, 10/10/2030<sup>(a)</sup> | EUR | 43570 | $| 50890287 |
|  Bundesrepublik Deutschland Bundesanleihe<br>2.60%, 05/15/2041<sup>(a)</sup> |  | 49470 |  | 54671445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 07/04/2042<sup>(a)</sup> |  | 70291 |  | 84125072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series TWIN<br>Zero Coupon, 08/15/2031<sup>(a)</sup> |  | 44032 |  | 45112580 |
|  |  |  |  | 277346117 |
|  **Hungary – 1.2%** | **Hungary – 1.2%** | **Hungary – 1.2%** | **Hungary – 1.2%** | **Hungary – 1.2%** |
|  Hungary Government Bond<br>Series 35/A<br>7.00%, 10/24/2035 | HUF | 25813040 |  | 78469478 |
|  **Indonesia – 0.7%** | **Indonesia – 0.7%** | **Indonesia – 0.7%** | **Indonesia – 0.7%** | **Indonesia – 0.7%** |
|  Indonesia Treasury Bond<br>Series 101<br>6.875%, 04/15/2029 | IDR | 699500000 |  | 44029888 |
|  **Italy – 1.6%** | **Italy – 1.6%** | **Italy – 1.6%** | **Italy – 1.6%** | **Italy – 1.6%** |
|  Italy Buoni Poliennali Del Tesoro<br>Series 7Y<br>3.45%, 07/15/2031<sup>(a)</sup> | EUR | 11525 |  | 13902560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 10Y<br>4.20%, 03/01/2034<sup>(a)</sup> |  | 48856 |  | 61082338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 13Y<br>4.05%, 10/30/2037<sup>(a)</sup> |  | 17818 |  | 21652417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 16Y<br>3.25%, 03/01/2038<sup>(a)</sup> |  | 6560 |  | 7326293 |
|  |  |  |  | 103963608 |
|  **Japan – 8.6%** | **Japan – 8.6%** | **Japan – 8.6%** | **Japan – 8.6%** | **Japan – 8.6%** |
|  Japan Government Five Year Bond<br>Series 176<br>1.00%, 12/20/2029 | JPY | 6843300 |  | 45929994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 179<br>1.00%, 06/20/2030 |  | 65350 |  | 437428 |
|  Japan Government Forty Year Bond<br>Series 16<br>1.30%, 03/20/2063 |  | 2529000 |  | 9974611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 4<br>2.20%, 03/20/2051 |  | 5289350 |  | 30873060 |
|  Japan Government Ten Year Bond<br>Series 357<br>0.10%, 12/20/2029 |  | 4210700 |  | 27213974 |
|  Japan Government Thirty Year Bond<br>Series 32<br>2.30%, 03/20/2040 |  | 1250000 |  | 8594688 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 65<br>0.40%, 12/20/2049 |  | 604000 |  | 2335484 |

---

---

| | |
|:---|:---|
| 2 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 68<br>0.60%, 09/20/2050 | JPY | 3699600 | $| 14753292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 81<br>1.60%, 12/20/2053 |  | 2350700 |  | 11538403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 82<br>1.80%, 03/20/2054 |  | 11215100 |  | 57600181 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 85<br>2.30%, 12/20/2054 |  | 300000 |  | 1727658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 87<br>2.80%, 06/20/2055 |  | 50000 |  | 320149 |
|  Japan Government Twenty Year Bond<br>Series 169<br>0.30%, 06/20/2039 |  | 1984250 |  | 10570724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 183<br>1.40%, 12/20/2042 |  | 8080800 |  | 46902022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 191<br>2.00%, 12/20/2044 |  | 400000 |  | 2475805 |
|  Japan Government Two Year Bond<br>Series 468<br>0.60%, 01/01/2027 |  | 6560150 |  | 44225957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 469<br>0.70%, 02/01/2027 |  | 34033550 |  | 229652405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 471<br>0.90%, 04/01/2027 |  | 1450000 |  | 9808121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 473<br>0.80%, 06/01/2027 |  | 500000 |  | 3375473 |
|  |  |  |  | 558309429 |
|  **Malaysia – 0.5%** | **Malaysia – 0.5%** | **Malaysia – 0.5%** | **Malaysia – 0.5%** | **Malaysia – 0.5%** |
|  Malaysia Government Bond<br>Series 0219<br>3.885%, 08/15/2029 | MYR | 69178 |  | 16842874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 0318<br>4.64%, 11/07/2033 |  | 67962 |  | 17464789 |
|  |  |  |  | 34307663 |
|  **Mexico – 2.8%** | **Mexico – 2.8%** | **Mexico – 2.8%** | **Mexico – 2.8%** | **Mexico – 2.8%** |
|  Mexican Bonos<br>Series M<br>8.00%, 02/21/2036 | MXN | 910701 |  | 46896867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 07/31/2053 |  | 881217 |  | 41687172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 02/28/2030 |  | 1662628 |  | 91683980 |
|  |  |  |  | 180268019 |
|  **Poland – 1.1%** | **Poland – 1.1%** | **Poland – 1.1%** | **Poland – 1.1%** | **Poland – 1.1%** |
|  Republic of Poland Government Bond<br>Series 0730<br>4.50%, 07/25/2030 | PLN | 266745 |  | 72158865 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 3 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **South Korea – 0.6%** | **South Korea – 0.6%** | **South Korea – 0.6%** | **South Korea – 0.6%** |
|  Korea Treasury Bond<br>Series 3412<br>3.00%, 12/10/2034 | KRW | 19977710 | $14259956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 5509<br>2.625%, 09/10/2055 |  | 38612440 | 26360574 |
|  |  |  | 40620530 |
|  **Spain – 2.4%** | **Spain – 2.4%** | **Spain – 2.4%** | **Spain – 2.4%** |
|  Spain Government Bond<br>3.20%, 10/31/2035<sup>(a)</sup> | EUR | 120691 | 141030822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/31/2041<sup>(a)</sup> |  | 13189 | 15088859 |
|  |  |  | 156119681 |
|  **United Kingdom – 3.8%** | **United Kingdom – 3.8%** | **United Kingdom – 3.8%** | **United Kingdom – 3.8%** |
|  United Kingdom Gilt<br>0.875%, 01/31/2046<sup>(a)</sup> | GBP | 42708 | 25611660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/22/2045<sup>(a)</sup> |  | 1810 | 1886101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/22/2053<sup>(a)</sup> |  | 253 | 254900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/22/2031<sup>(a)</sup> |  | 39129 | 51818185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/07/2040<sup>(a)</sup> |  | 38665 | 46958718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/31/2040<sup>(a)</sup> |  | 31839 | 39562460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/07/2035<sup>(a)</sup> |  | 60069 | 79543861 |
|  |  |  | 245635885 |
|  **United States – 7.3%** | **United States – 7.3%** | **United States – 7.3%** | **United States – 7.3%** |
|  U.S. Treasury Bonds<br>1.125%, 05/15/2040 | U.S.$| 131422 | 83616993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 08/15/2040 |  | 122779 | 77346158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/15/2045 |  | 95387 | 68231513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/2054 |  | 2585 | 2487457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/2055 |  | 560 | 561203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/15/2055 |  | 39002 | 39105597 |
|  U.S. Treasury Notes<br>1.25%, 05/31/2028 |  | 162626 | 152906936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/31/2030 |  | 48213 | 47821071 |
|  |  |  | 472076928 |
|  Total Governments - Treasuries<br>(cost $2,838,160,303) |  |  | 2752169092 |
|  CORPORATES - INVESTMENT GRADE – 23.7% |  |  |  |
|  Financial Institutions – 11.2% |  |  |  |
|  **Banking – 9.3%** |  |  |  |
|  Abanca Corp. Bancaria SA<br>Series E<br>8.375%, 09/23/2033<sup>(a)</sup> | EUR | 300 | 398463 |
|  ABN AMRO Bank NV<br>4.75%, 09/22/2027<sup>(a)(b)</sup> |  | 5200 | 6129315 |

---

---

| | |
|:---|:---|
| 4 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  AIB Group PLC<br>5.32%, 05/15/2031<sup>(a)</sup> | U.S.$| 1761 | $1814881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 03/28/2035<sup>(a)</sup> |  | 331 | 348708 |
|  Ally Financial, Inc.<br>5.74%, 05/15/2029 |  | 320 | 327615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.99%, 06/13/2029 |  | 127 | 134114 |
|  American Express Co.<br>3.43%, 05/20/2032 | EUR | 7165 | 8474754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 07/20/2029 | U.S.$| 56 | 56301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92%, 07/20/2033 |  | 56 | 56955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 04/25/2031 |  | 78 | 80231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/16/2028 |  | 409 | 414479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 04/25/2036 |  | 129 | 136644 |
|  Banco Bilbao Vizcaya Argentaria SA<br>6.03%, 03/13/2035 |  | 3600 | 3827014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 11/15/2034 |  | 7400 | 8603142 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>8.25%, 11/30/2033<sup>(a)</sup> | GBP | 100 | 145931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>3.50%, 02/10/2027<sup>(a)</sup> | EUR | 400 | 474375 |
|  Banco de Credito del Peru SA<br>3.25%, 09/30/2031<sup>(a)</sup> | U.S.$| 510 | 499601 |
|  Banco de Sabadell SA<br>Series E<br>6.00%, 08/16/2033<sup>(a)</sup> | EUR | 300 | 378147 |
|  Banco Santander SA<br>2.75%, 12/03/2030 | U.S.$| 600 | 544255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.175%, 03/24/2028 |  | 11800 | 11783847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.365%, 07/15/2028 |  | 200 | 204080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.03%, 01/17/2035 |  | 200 | 214993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.92%, 08/08/2033 |  | 400 | 445125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.50%, 01/09/2028<sup>(a)</sup> | EUR | 100 | 119010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/09/2030<sup>(a)</sup> |  | 200 | 239781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/18/2031<sup>(a)</sup> |  | 500 | 638106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/23/2033<sup>(a)</sup> |  | 7000 | 8760211 |
|  Bangkok Bank PCL/Hong Kong<br>9.025%, 03/15/2029<sup>(a)</sup> | U.S.$| 440 | 497160 |
|  Bank Hapoalim BM<br>3.255%, 01/21/2032<sup>(a)</sup> |  | 257 | 250254 |
|  Bank Leumi Le-Israel BM<br>3.275%, 01/29/2031<sup>(a)</sup> |  | 290 | 287395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 07/18/2033<sup>(a)</sup> |  | 410 | 427705 |
|  Bank of America Corp.<br>2.55%, 02/04/2028 |  | 253 | 247786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.705%, 04/24/2028 |  | 643 | 638729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/08/2037 |  | 240 | 224326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 03/05/2029 |  | 560 | 557415 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 5 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 02/07/2030 | U.S.$| 97 | $96284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/22/2028 |  | 463 | 469641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.425%, 08/15/2035 |  | 282 | 287824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 05/09/2036 |  | 55 | 57412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 10/25/2035 |  | 137 | 140527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 02/12/2036 |  | 235 | 244704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series B<br>8.05%, 06/15/2027 |  | 930 | 978253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.26%, 01/28/2031<sup>(a)</sup> | EUR | 2455 | 2905550 |
|  Bank of East Asia Ltd. (The)<br>Series E<br>4.875%, 04/22/2032<sup>(a)</sup> | U.S.$| 300 | 299016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/2027<sup>(a)</sup> |  | 250 | 252176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/27/2034<sup>(a)</sup> |  | 470 | 490583 |
|  Bank of Ireland Group PLC<br>5.60%, 03/20/2030<sup>(a)</sup> |  | 3110 | 3227228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.625%, 11/13/2029<sup>(a)</sup> | EUR | 1944 | 2406969 |
|  Bank of Montreal<br>3.09%, 01/10/2037 | U.S.$| 3515 | 3130231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.06%, 09/22/2028 |  | 58 | 57935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 09/22/2031 |  | 58 | 57741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 09/10/2027 |  | 316 | 317068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.75%, 07/10/2030<sup>(a)</sup> | EUR | 533 | 642106 |
|  Bank of New York Mellon (The)<br>4.73%, 04/20/2029 | U.S.$| 250 | 254137 |
|  Bank of New York Mellon Corp. (The)<br>5.19%, 03/14/2035 |  | 661 | 680697 |
|  Bank of Nova Scotia (The)<br>4.04%, 09/15/2028 |  | 57 | 56909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 09/15/2031 |  | 57 | 56599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.59%, 05/04/2037 |  | 4663 | 4513427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 02/14/2029 |  | 299 | 303955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.125%, 09/04/2026<sup>(a)</sup> | EUR | 334 | 384518 |
|  Banque Federative du Credit Mutuel SA<br>1.25%, 06/03/2030<sup>(a)</sup> |  | 300 | 322929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.59%, 10/16/2028<sup>(a)</sup> | U.S.$| 412 | 415927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/24/2027<sup>(a)</sup> | AUD | 8450 | 5657807 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.625%, 11/03/2028<sup>(a)</sup> | EUR | 300 | 329931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 12/07/2027<sup>(a)</sup> | GBP | 4600 | 5727144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 01/19/2032<sup>(a)</sup> | EUR | 100 | 102145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/02/2030<sup>(a)</sup> |  | 200 | 246220 |
|  Barclays PLC<br>5.09%, 06/20/2030 | U.S.$| 612 | 620574 |

---

---

| | |
|:---|:---|
| 6 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.785%, 02/25/2036 | U.S.$| 402 | $419352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.22%, 05/09/2034 |  | 200 | 215336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 12/15/2025<sup>(a)(b)</sup> | GBP | 9126 | 12287527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.09%, 11/06/2029<sup>(a)</sup> |  | 1924 | 2756516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.92%, 08/08/2030<sup>(a)</sup> | EUR | 254 | 318118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 05/31/2036<sup>(a)</sup> |  | 254 | 314878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.26%, 01/29/2034<sup>(a)</sup> |  | 657 | 850680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.41%, 11/14/2032<sup>(a)</sup> | GBP | 5875 | 8420043 |
|  BDO Unibank, Inc.<br>Series E<br>2.125%, 01/13/2026<sup>(a)</sup> | U.S.$| 240 | 237900 |
|  BNP Paribas SA<br>2.16%, 09/15/2029<sup>(a)</sup> |  | 444 | 416685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 01/13/2031<sup>(a)</sup> |  | 421 | 396098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 05/09/2029<sup>(a)</sup> |  | 304 | 307000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.91%, 11/19/2035<sup>(a)</sup> |  | 595 | 617313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.50%, 02/19/2028<sup>(a)</sup> | EUR | 200 | 228391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 09/01/2028<sup>(a)</sup> |  | 200 | 225703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/24/2031<sup>(a)</sup> | GBP | 6500 | 8580218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 07/25/2028<sup>(a)</sup> | EUR | 500 | 588237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.695%, 02/24/2028<sup>(a)</sup> | AUD | 1800 | 1176157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.04%, 01/10/2032<sup>(a)</sup> | EUR | 1000 | 1215441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/18/2029<sup>(a)</sup> | GBP | 400 | 557081 |
|  BPCE SA<br>3.12%, 10/19/2032<sup>(a)</sup> | U.S.$| 1100 | 977955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 10/23/2029<sup>(a)</sup> | AUD | 500 | 336603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 05/28/2031<sup>(a)</sup> | U.S.$| 354 | 363015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/14/2031<sup>(a)</sup> |  | 297 | 310488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.27%, 10/24/2028<sup>(a)</sup> | AUD | 2870 | 1997209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.51%, 01/18/2035<sup>(a)</sup> | U.S.$| 699 | 743204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.625%, 03/02/2030<sup>(a)</sup> | EUR | 500 | 617670 |
|  CaixaBank SA<br>3.50%, 04/06/2028<sup>(a)</sup> | GBP | 8600 | 11391403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.885%, 07/03/2031<sup>(a)</sup> | U.S.$| 514 | 519979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.84%, 09/13/2034<sup>(a)</sup> |  | 5190 | 5788892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>1.50%, 12/03/2026<sup>(a)</sup> | GBP | 200 | 267610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/23/2033<sup>(a)</sup> | EUR | 400 | 502490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/25/2033<sup>(a)</sup> | GBP | 100 | 140523 |
|  Canadian Imperial Bank of Commerce<br>4.86%, 03/30/2029 | U.S.$| 78 | 79206 |
|  Capital One Financial Corp.<br>2.36%, 07/29/2032 |  | 159 | 137217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 09/11/2031 |  | 584 | 579310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/11/2036 |  | 57 | 56373 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 7 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 02/01/2034 | U.S.$| 609 | $638729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 01/30/2036 |  | 474 | 492114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.96%, 11/02/2034 |  | 635 | 750091 |
|  CBQ Finance Ltd.<br>Series E<br>2.00%, 05/12/2026<sup>(a)</sup> |  | 450 | 442548 |
|  Citigroup, Inc.<br>2.98%, 11/05/2030 |  | 149 | 141081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 07/24/2028 |  | 144 | 142698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.89%, 01/10/2028 |  | 653 | 650525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.98%, 03/20/2030 |  | 304 | 300358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/23/2036 | EUR | 308 | 368801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/11/2031 | U.S.$| 10119 | 10123537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.64%, 05/07/2028 |  | 55 | 55368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 03/04/2029 |  | 593 | 600594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/07/2031 |  | 55 | 56029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 09/11/2036 |  | 57 | 57569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 11/19/2034 |  | 10677 | 10937108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 02/13/2035 |  | 875 | 908300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 01/24/2036 |  | 402 | 421535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.17%, 05/25/2034 |  | 604 | 642928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series AA<br>7.625%, 11/15/2028<sup>(b)</sup> |  | 1138 | 1195270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.75%, 05/14/2032<sup>(a)</sup> | EUR | 401 | 481940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/03/2031<sup>(a)</sup> | GBP | 50 | 65062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series VAR<br>3.07%, 02/24/2028 | U.S.$| 649 | 639072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series W<br>4.00%, 12/10/2025<sup>(b)</sup> |  | 232 | 230856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series Y<br>4.15%, 11/15/2026<sup>(b)</sup> |  | 7121 | 6957763 |
|  Citizens Financial Group, Inc.<br>5.25%, 03/05/2031 |  | 255 | 261301 |
|  Comerica, Inc.<br>5.98%, 01/30/2030 |  | 129 | 134210 |
|  Commerzbank AG<br>Series E<br>4.875%, 10/16/2034<sup>(a)</sup> | EUR | 300 | 369327 |
|  Commonwealth Bank of Australia<br>Series E<br>4.27%, 06/04/2034 |  | 100 | 121405 |
|  Cooperatieve Rabobank UA<br>4.375%, 06/29/2027<sup>(a)(b)</sup> |  | 200 | 236158 |
|  Credit Agricole SA<br>1.87%, 12/09/2031<sup>(a)</sup> | GBP | 1100 | 1426729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 03/17/2027<sup>(a)</sup> | EUR | 156 | 183207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.82%, 09/25/2033<sup>(a)</sup> | U.S.$| 5556 | 5535384 |

---

---

| | |
|:---|:---|
| 8 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 05/27/2031<sup>(a)</sup> | U.S.$| 6778 | $6963201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 01/18/2029<sup>(a)</sup> | AUD | 9360 | 6367385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/29/2027<sup>(a)</sup> | GBP | 1200 | 1634834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/10/2035<sup>(a)</sup> | U.S.$| 652 | 688677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.50%, 09/21/2029<sup>(a)</sup> | EUR | 800 | 876909 |
|  Credit Agricole SA/London<br>Series E<br>1.75%, 03/05/2029<sup>(a)</sup> |  | 200 | 225834 |
|  Credit Mutuel Arkea SA<br>Series E<br>1.25%, 06/11/2029<sup>(a)</sup> |  | 800 | 901226 |
|  Danske Bank A/S<br>Series E<br>2.25%, 01/14/2028<sup>(a)</sup> | GBP | 6550 | 8555665 |
|  Deutsche Bank AG<br>1.375%, 02/17/2032<sup>(a)</sup> | EUR | 100 | 105999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>1.625%, 01/20/2027<sup>(a)</sup> |  | 100 | 116000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 11/19/2030<sup>(a)</sup> |  | 800 | 887875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/12/2028<sup>(a)</sup> |  | 100 | 119884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/04/2030<sup>(a)</sup> |  | 4800 | 5824598 |
|  Deutsche Bank AG/New York NY<br>3.73%, 01/14/2032 | U.S.$| 9644 | 9045104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.74%, 01/07/2033 |  | 2987 | 2756258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/04/2031 |  | 150 | 151454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.82%, 11/20/2029 |  | 150 | 160490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.08%, 02/10/2034 |  | 816 | 896727 |
|  DNB Bank ASA<br>Series E<br>4.00%, 08/17/2027<sup>(a)</sup> | GBP | 316 | 423512 |
|  Doha Finance Ltd.<br>Series E<br>2.375%, 03/31/2026<sup>(a)</sup> | U.S.$| 300 | 296355 |
|  First Abu Dhabi Bank PJSC<br>4.50%, 04/05/2026<sup>(a)(b)</sup> |  | 480 | 477000 |
|  Goldman Sachs Group, Inc. (The)<br>1.95%, 10/21/2027 |  | 668 | 652383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.64%, 02/24/2028 |  | 653 | 639339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.615%, 03/15/2028 |  | 426 | 422726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.69%, 06/05/2028 |  | 666 | 661161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.41%, 04/23/2039 |  | 42 | 38828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 08/23/2028 |  | 183 | 184124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 04/23/2028 |  | 68 | 68800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 10/23/2035 |  | 138 | 138935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 01/28/2031 |  | 247 | 254928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 04/23/2031 |  | 50 | 51703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 07/23/2035 |  | 52 | 53523 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 9 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 01/28/2036 | U.S.$| 53 | $55368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.50%, 01/23/2033<sup>(a)</sup> | EUR | 259 | 307131 |
|  HSBC Holdings PLC<br>0.64%, 09/24/2029<sup>(a)</sup> |  | 813 | 896020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.77%, 11/13/2031<sup>(a)</sup> |  | 205 | 213607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.01%, 09/22/2028 | U.S.$| 327 | 313355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 11/22/2027 |  | 285 | 278493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.36%, 08/18/2031 |  | 211 | 191217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 06/04/2031 |  | 244 | 227342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/22/2028 | GBP | 4375 | 5729687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.04%, 03/13/2028 | U.S.$| 200 | 199450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/03/2029 |  | 691 | 701096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/04/2030 |  | 4783 | 4962942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 05/17/2032 |  | 250 | 263133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 09/10/2036 |  | 522 | 532724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 11/18/2035 |  | 2672 | 2771079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.16%, 03/09/2029 |  | 405 | 422369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.36%, 11/16/2032<sup>(a)</sup> | EUR | 8812 | 11056251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/02/2036 | U.S.$| 100 | 108241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 09/15/2037 |  | 855 | 920362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.40%, 11/13/2034 |  | 519 | 591421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.11%, 11/03/2033 |  | 656 | 769589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.79%, 03/10/2032<sup>(a)</sup> | EUR | 236 | 297597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/07/2038<sup>(a)</sup> | GBP | 100 | 142608 |
|  ING Groep NV<br>0.25%, 02/18/2029<sup>(a)</sup> | EUR | 300 | 332324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.375%, 09/29/2028<sup>(a)</sup> |  | 400 | 449411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/16/2031<sup>(a)</sup> |  | 100 | 111226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/24/2033<sup>(a)</sup> |  | 100 | 120339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/23/2029<sup>(a)</sup> |  | 500 | 612714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/14/2033<sup>(a)</sup> |  | 100 | 130749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>2.125%, 05/26/2031<sup>(a)</sup> |  | 200 | 234172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 05/20/2036<sup>(a)</sup> |  | 9900 | 11897581 |
|  Intercorp Peru Ltd.<br>3.875%, 08/15/2029<sup>(a)</sup> | U.S.$| 370 | 359362 |
|  Intesa Sanpaolo SpA<br>3.875%, 07/14/2027<sup>(a)</sup> |  | 200 | 198748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 01/15/2026<sup>(a)</sup> |  | 5580 | 5591674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 06/20/2033<sup>(a)</sup> |  | 204 | 224755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 11/28/2033<sup>(a)</sup> |  | 2683 | 3061180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 11/21/2033<sup>(a)</sup> |  | 473 | 558973 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>2.625%, 03/11/2036<sup>(a)</sup> | GBP | 100 | 101679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.925%, 10/14/2030<sup>(a)</sup> | EUR | 233 | 270452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/31/2033<sup>(a)</sup> | GBP | 393 | 568064 |

---

---

| | |
|:---|:---|
| 10 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  JPMorgan Chase & Co.<br>2.95%, 02/24/2028 | U.S.$| 720 | $708576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.51%, 01/23/2029 |  | 235 | 231815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 05/01/2028 |  | 638 | 632279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/24/2038 |  | 757 | 681644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 10/22/2030 |  | 259 | 261914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/22/2035 |  | 200 | 201694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 07/22/2028 |  | 274 | 278177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/22/2031 |  | 176 | 181905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 01/24/2031 |  | 134 | 138380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/24/2036 |  | 134 | 140222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 04/22/2028 |  | 272 | 277982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 07/23/2036 |  | 55 | 57061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.39%, 02/24/2028<sup>(a)</sup> | EUR | 172 | 196187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/25/2031<sup>(a)</sup> |  | 307 | 329160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.64%, 05/18/2028<sup>(a)</sup> |  | 266 | 308017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.46%, 11/13/2031<sup>(a)</sup> |  | 14120 | 17651155 |
|  KBC Group NV<br>4.45%, 09/23/2031<sup>(a)</sup> | U.S.$| 200 | 199143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/19/2029<sup>(a)</sup> |  | 300 | 309971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.125%, 01/14/2029<sup>(a)</sup> | EUR | 100 | 111018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/28/2029<sup>(a)</sup> |  | 500 | 613211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/23/2027<sup>(a)</sup> |  | 100 | 119973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 04/19/2030<sup>(a)</sup> |  | 100 | 123196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 03/19/2034<sup>(a)</sup> | GBP | 7900 | 10978680 |
|  KEB Hana Bank<br>1.25%, 12/16/2026<sup>(a)</sup> | U.S.$| 200 | 193200 |
|  Kookmin Bank<br>2.50%, 11/04/2030<sup>(a)</sup> |  | 410 | 370033 |
|  Lloyds Banking Group PLC<br>2.71%, 12/03/2035<sup>(a)</sup> | GBP | 100 | 118306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/18/2028 | U.S.$| 285 | 283123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/23/2028<sup>(a)</sup> | AUD | 1430 | 950370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 06/10/2027 |  | 5930 | 3954497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 06/05/2030 | U.S.$| 200 | 209202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/17/2029 | AUD | 3450 | 2347076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.07%, 06/13/2036 | U.S.$| 202 | 212413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 06/27/2030<sup>(b)</sup> | GBP | 228 | 314039 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.00%, 05/09/2035<sup>(a)</sup> | EUR | 3996 | 4771709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/21/2031<sup>(a)</sup> |  | 5697 | 7168101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 06/02/2033<sup>(a)</sup> | GBP | 100 | 139318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series MTN.<br>7.09%, 08/31/2033<sup>(a)</sup> | AUD | 600 | 417712 |
|  M&T Bank Corp.<br>5.18%, 07/08/2031 | U.S.$| 55 | 56307 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 11 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Macquarie Group Ltd.<br>0.94%, 01/19/2029<sup>(a)</sup> | EUR | 179 | $197511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.935%, 04/14/2028<sup>(a)</sup> | U.S.$| 4261 | 4110823 |
|  Mediobanca Banca di Credito Finanziario SpA<br>Series E<br>0.75%, 11/02/2028<sup>(a)</sup> | EUR | 250 | 281118 |
|  Mitsubishi UFJ Financial Group, Inc.<br>5.16%, 04/24/2031 | U.S.$| 299 | 308292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 09/13/2028 |  | 200 | 204546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.64%, 06/07/2031<sup>(a)</sup> | EUR | 240 | 300890 |
|  Mizuho Financial Group, Inc.<br>5.38%, 07/10/2030 | U.S.$| 288 | 298256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.69%, 10/07/2030<sup>(a)</sup> | EUR | 162 | 169413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.61%, 08/28/2030<sup>(a)</sup> |  | 409 | 513616 |
|  Morgan Stanley<br>0.495%, 10/26/2029 |  | 1008 | 1104259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.475%, 01/21/2028 | U.S.$| 676 | 661601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.52%, 05/22/2031 | EUR | 18605 | 22218009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.79%, 03/21/2030 |  | 247 | 298053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.21%, 04/20/2028 | U.S.$| 640 | 640600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.66%, 03/02/2029 | EUR | 100 | 122571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 04/12/2029 | U.S.$| 621 | 633110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 04/17/2031 |  | 4369 | 4511666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 01/15/2031 |  | 161 | 166180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 01/18/2036 |  | 223 | 233502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/13/2028 |  | 117 | 119629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 04/17/2036 |  | 125 | 131896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 04/19/2035 |  | 127 | 135342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 11/01/2034 |  | 118 | 131993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>2.70%, 01/22/2031 |  | 464 | 433537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.43%, 01/23/2030 |  | 359 | 360715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/25/2034 | EUR | 808 | 1051989 |
|  Morgan Stanley Bank NA<br>4.95%, 01/14/2028 | U.S.$| 610 | 616022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/26/2028 |  | 250 | 255504 |
|  Morgan Stanley Private Bank NA<br>4.47%, 07/06/2028 |  | 325 | 326860 |
|  National Australia Bank Ltd.<br>2.99%, 05/21/2031<sup>(a)</sup> |  | 754 | 688291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>1.70%, 09/15/2031<sup>(a)</sup> | GBP | 160 | 208631 |
|  National Bank of Canada<br>Series E<br>3.75%, 01/25/2028<sup>(a)</sup> | EUR | 248 | 298513 |

---

---

| | |
|:---|:---|
| 12 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Nationwide Building Society<br>4.35%, 09/30/2030<sup>(a)</sup> | U.S.$| 212 | $211431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 04/16/2034<sup>(a)</sup> | EUR | 427 | 519472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 07/14/2036<sup>(a)</sup> | U.S.$| 1886 | 1938130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54% (SOFR + 1.29%), 02/16/2028<sup>(a)(c)</sup> |  | 290 | 292076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 12/07/2027<sup>(a)</sup> | GBP | 8169 | 11185903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.00%, 07/30/2035<sup>(a)</sup> | EUR | 3486 | 4157230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/29/2028<sup>(a)</sup> |  | 100 | 122055 |
|  NatWest Group PLC<br>3.03%, 11/28/2035 | U.S.$| 414 | 379010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 08/15/2030 |  | 295 | 300691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.115%, 05/23/2031 |  | 506 | 519380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.475%, 06/01/2034 |  | 4321 | 4545385 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.78%, 02/26/2030<sup>(a)</sup> | EUR | 307 | 335246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.105%, 11/28/2031<sup>(a)</sup> | GBP | 246 | 322177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.76%, 02/28/2034<sup>(a)</sup> | EUR | 7135 | 9008586 |
|  NBK Tier 1 Ltd.<br>6.375%, 01/10/2031<sup>(a)(b)</sup> | U.S.$| 300 | 308850 |
|  Nordea Bank Abp<br>6.625%, 03/26/2026<sup>(a)(b)</sup> |  | 200 | 201263 |
|  PNC Financial Services Group, Inc. (The)<br>5.37%, 07/21/2036 |  | 56 | 57657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/23/2035 |  | 637 | 659222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.575%, 01/29/2036 |  | 370 | 386202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/22/2035 |  | 646 | 681248 |
|  QIB Sukuk Ltd.<br>1.95%, 10/27/2025<sup>(a)</sup> |  | 300 | 298485 |
|  QNB Finance Ltd.<br>Series E<br>1.375%, 01/26/2026<sup>(a)</sup> |  | 510 | 504523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 02/12/2027<sup>(a)</sup> |  | 240 | 234772 |
|  Raiffeisen Bank International AG<br>Series E<br>3.875%, 01/03/2030<sup>(a)</sup> | EUR | 500 | 600508 |
|  Royal Bank of Canada<br>4.50%, 08/06/2029 | U.S.$| 56 | 56432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.125%, 09/27/2031<sup>(a)</sup> | EUR | 202 | 237293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/22/2031<sup>(a)</sup> |  | 100 | 118685 |
|  Santander Holdings USA, Inc.<br>5.47%, 03/20/2029 | U.S.$| 6 | 6117 |
|  Santander UK Group Holdings PLC<br>2.47%, 01/11/2028 |  | 450 | 439537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 09/22/2029 |  | 423 | 421884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 09/11/2030 |  | 2598 | 2629474 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 13 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.53%, 01/10/2029 | U.S.$| 9670 | $10125054 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>2.42%, 01/17/2029<sup>(a)</sup> | GBP | 1712 | 2189540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 11/16/2027<sup>(a)</sup> |  | 1858 | 2564407 |
|  Scotiabank Peru SAA<br>6.10%, 10/01/2035<sup>(a)</sup> | U.S.$| 200 | 207888 |
|  Shinhan Bank Co., Ltd.<br>4.00%, 04/23/2029<sup>(a)</sup> |  | 760 | 745837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>4.50%, 03/26/2028<sup>(a)</sup> |  | 200 | 200422 |
|  Societe Generale SA<br>3.00%, 01/22/2030<sup>(a)</sup> |  | 297 | 278123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/15/2031<sup>(a)</sup> | EUR | 400 | 478367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/14/2028<sup>(a)</sup> | U.S.$| 680 | 685846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/21/2031<sup>(a)</sup> | EUR | 900 | 1127652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/22/2029<sup>(a)</sup> | U.S.$| 895 | 910181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 05/22/2031<sup>(a)</sup> |  | 17497 | 18001790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 01/19/2028<sup>(a)</sup> |  | 282 | 285631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 04/13/2033<sup>(a)</sup> |  | 401 | 423245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.37%, 01/10/2053<sup>(a)</sup> |  | 576 | 633188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 9<br>0.40%, 06/03/2026 | JPY | 100000 | 671515 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.25%, 12/06/2030<sup>(a)</sup> | EUR | 100 | 122103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/22/2032<sup>(a)</sup> | GBP | 100 | 137092 |
|  Standard Chartered PLC<br>1.46%, 01/14/2027<sup>(a)</sup> | U.S.$| 300 | 297357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.265%, 02/18/2036<sup>(a)</sup> |  | 7864 | 7224129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 03/15/2033<sup>(a)</sup> |  | 580 | 581593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 05/10/2031<sup>(a)</sup> | EUR | 7365 | 9260802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.005%, 10/15/2030<sup>(a)</sup> | U.S.$| 367 | 373633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 05/13/2031<sup>(a)</sup> |  | 240 | 246739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.08% (CME Term SOFR 3 Month + 1.77%), <br>01/30/2027<sup>(a)(b)(c)</sup> |  | 8000 | 7740476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 01/09/2029<sup>(a)</sup> |  | 210 | 218483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.77%, 11/16/2028<sup>(a)</sup> |  | 279 | 298638 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>1.625%, 10/03/2027<sup>(a)</sup> | EUR | 222 | 258499 |
|  State Street Corp.<br>3.03%, 11/01/2034 | U.S.$| 724 | 679827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.16%, 08/04/2033 |  | 499 | 487086 |
|  Sumitomo Mitsui Trust Bank Ltd.<br>4.45%, 09/10/2027<sup>(a)</sup> |  | 397 | 399609 |
|  Svenska Handelsbanken AB<br>Series E<br>4.625%, 08/23/2032<sup>(a)</sup> | GBP | 6655 | 8927372 |
|  Swedbank AB<br>7.27%, 11/15/2032<sup>(a)</sup> |  | 1904 | 2683228 |

---

---

| | |
|:---|:---|
| 14 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Synchrony Financial<br>2.875%, 10/28/2031 | U.S.$| 774 | $685554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 07/29/2029 |  | 56 | 56466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.935%, 08/02/2030 |  | 256 | 265207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00% (SOFR + 0.02%), 07/29/2036 |  | 163 | 166559 |
|  Toronto-Dominion Bank (The)<br>5.15%, 09/10/2034 |  | 173 | 175660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/23/2029<sup>(a)</sup> | AUD | 2190 | 1479665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.63%, 12/13/2029<sup>(a)</sup> | EUR | 100 | 120469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>3.56%, 04/16/2031<sup>(a)</sup> |  | 410 | 490239 |
|  UBS Group AG<br>2.095%, 02/11/2032<sup>(a)</sup> | U.S.$| 2730 | 2410379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 04/02/2032<sup>(a)</sup> | EUR | 6215 | 7153524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/13/2030<sup>(a)</sup> | U.S.$| 295 | 281904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.19%, 04/01/2031<sup>(a)</sup> |  | 695 | 687422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/23/2031<sup>(a)</sup> |  | 3549 | 3539106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 09/13/2030<sup>(a)</sup> |  | 200 | 208930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/10/2030<sup>(a)(b)</sup> |  | 6470 | 6635643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 08/10/2034<sup>(a)(b)</sup> |  | 2613 | 2690524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 03/01/2029<sup>(a)</sup> | EUR | 102 | 133487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 11/13/2028<sup>(a)(b)</sup> | U.S.$| 1652 | 1817200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.125%, 06/15/2030<sup>(a)</sup> | EUR | 351 | 414774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/17/2032<sup>(a)</sup> |  | 816 | 1028499 |
|  UniCredit SpA<br>1.98%, 06/03/2027<sup>(a)</sup> | U.S.$| 619 | 609165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.86%, 06/19/2032<sup>(a)</sup> |  | 11659 | 11842118 |
|  United Overseas Bank Ltd.<br>2.00%, 10/14/2031<sup>(a)</sup> |  | 200 | 195050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>1.75%, 03/16/2031<sup>(a)</sup> |  | 250 | 246970 |
|  US Bancorp<br>2.215%, 01/27/2028 |  | 656 | 639112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.01%, 05/21/2032 | EUR | 250 | 303345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 02/01/2034 | U.S.$| 179 | 179743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 07/22/2033 |  | 689 | 692185 |
|  Visa, Inc.<br>2.25%, 05/15/2028 | EUR | 7313 | 8544467 |
|  Wells Fargo & Co.<br>2.39%, 06/02/2028 | U.S.$| 200 | 194414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.53%, 03/24/2028 |  | 656 | 650177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 09/15/2029 |  | 57 | 56764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 09/15/2036 |  | 57 | 56871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 12/03/2035 |  | 135 | 137945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 01/24/2031 |  | 372 | 384854 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 15 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 04/22/2028 | U.S.$| 666 | $| 681716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>1.74%, 05/04/2030<sup>(a)</sup> | EUR | 10434 |  | 11762511 |
|  Westpac Banking Corp.<br>Series G<br>4.32%, 11/23/2031 | U.S.$| 185 |  | 184510 |
|  Woori Bank<br>5.125%, 08/06/2028<sup>(a)</sup> |  | 210 |  | 213822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 07/24/2029<sup>(a)(b)</sup> |  | 230 |  | 238913 |
|  |  |  |  | 599406198 |
|  **Brokerage – 0.1%** | **Brokerage – 0.1%** | **Brokerage – 0.1%** | **Brokerage – 0.1%** | **Brokerage – 0.1%** |
|  BGC Group, Inc.<br>6.15%, 04/02/2030<sup>(a)</sup> |  | 129 |  | 132160 |
|  Blue Owl Finance LLC<br>6.25%, 04/18/2034 |  | 427 |  | 448105 |
|  Charles Schwab Corp. (The)<br>4.78% (SOFR + 0.52%), 05/13/2026<sup>(c)</sup> |  | 5465 |  | 5470175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/19/2034 |  | 372 |  | 398100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.14%, 08/24/2034 |  | 365 |  | 397479 |
|  China Great Wall International Holdings V Ltd.<br>2.875%, 11/23/2026<sup>(a)</sup> |  | 400 |  | 392648 |
|  China Great Wall International Holdings VI Ltd.<br>5.25%, 04/23/2028<sup>(a)</sup> |  | 490 |  | 498717 |
|  CI Financial Corp.<br>7.50%, 05/30/2029<sup>(a)</sup> |  | 62 |  | 66002 |
|  |  |  |  | 7803386 |
|  **Finance – 0.6%** | **Finance – 0.6%** | **Finance – 0.6%** | **Finance – 0.6%** | **Finance – 0.6%** |
|  3i Group PLC<br>4.875%, 06/14/2029<sup>(a)</sup> | EUR | 393 |  | 486831 |
|  AerCap Ireland Capital DAC/AerCap Global Aviation Trust<br>4.375%, 11/15/2030 | U.S.$| 150 |  | 149412 |
|  Air Lease Corp.<br>5.40%, 06/01/2028 | CAD | 6005 |  | 4516871 |
|  Aircastle Ltd.<br>5.25%, 06/15/2026<sup>(a)(b)</sup> | U.S.$| 185 |  | 184085 |
|  Apollo Debt Solutions BDC<br>6.90%, 04/13/2029 |  | 252 |  | 264818 |
|  Ares Capital Corp.<br>5.50%, 09/01/2030 |  | 54 |  | 54648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 01/15/2027 |  | 602 |  | 619966 |
|  Ares Strategic Income Fund<br>4.85%, 01/15/2029<sup>(a)</sup> |  | 57 |  | 56414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/15/2031<sup>(a)</sup> |  | 57 |  | 56321 |
|  Aviation Capital Group LLC<br>4.75%, 04/14/2027<sup>(a)</sup> |  | 3249 |  | 3265283 |

---

---

| | |
|:---|:---|
| 16 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Barings BDC, Inc.<br>5.20%, 09/15/2028 | U.S.$| 57 | $56572 |
|  Blackstone Secured Lending Fund<br>5.35%, 04/13/2028 |  | 157 | 159199 |
|  Blue Owl Credit Income Corp.<br>5.80%, 03/15/2030 |  | 124 | 125709 |
|  Blue Owl Technology Finance Corp.<br>2.50%, 01/15/2027 |  | 288 | 279629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 03/15/2028<sup>(a)</sup> |  | 133 | 134721 |
|  BOC Aviation Ltd.<br>3.875%, 04/27/2026<sup>(a)</sup> |  | 620 | 618345 |
|  Brookfield Finance, Inc.<br>5.33%, 01/15/2036 |  | 56 | 56296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 01/05/2034 |  | 123 | 134159 |
|  Carlyle Secured Lending, Inc.<br>5.75%, 02/15/2031 |  | 58 | 57657 |
|  CCBL Cayman 1 Corp., Ltd.<br>Series E<br>1.80%, 07/22/2026<sup>(a)</sup> |  | 400 | 392336 |
|  CFAMC IV Co., Ltd.<br>Series E<br>4.50%, 05/29/2029<sup>(a)</sup> |  | 200 | 197774 |
|  CFAMC II Co., Ltd.<br>Series E<br>4.625%, 06/03/2026<sup>(a)</sup> |  | 213 | 212840 |
|  CIMIC Finance Ltd.<br>Series G<br>1.50%, 05/28/2029<sup>(a)</sup> | EUR | 299 | 326048 |
|  Credicorp Capital Sociedad Titulizadora SA<br>10.10%, 12/15/2043<sup>(a)</sup> | PEN | 22925 | 7081425 |
|  FS KKR Capital Corp.<br>3.125%, 10/12/2028 | U.S.$| 690 | 639353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 01/15/2030 |  | 136 | 135347 |
|  Golub Capital Private Credit Fund<br>5.45%, 08/15/2028<sup>(a)</sup> |  | 55 | 55275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 05/01/2030 |  | 132 | 134318 |
|  HAT Holdings I LLC/HAT Holdings II LLC<br>8.00%, 06/15/2027<sup>(a)</sup> |  | 154 | 160346 |
|  HPS Corporate Lending Fund<br>4.90%, 09/11/2028<sup>(a)</sup> |  | 57 | 56707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/05/2027<sup>(a)</sup> |  | 55 | 55336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/15/2030<sup>(a)</sup> |  | 57 | 56956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/05/2030<sup>(a)</sup> |  | 55 | 55967 |
|  ICG PLC<br>1.625%, 02/17/2027<sup>(a)</sup> | EUR | 201 | 231577 |
|  Intercorp Financial Services, Inc.<br>4.125%, 10/19/2027<sup>(a)</sup> | U.S.$| 430 | 426641 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 17 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Main Street Capital Corp.<br>5.40%, 08/15/2028 | U.S.$| 56 | $| 56231 |
|  North Haven Private Income Fund LLC<br>5.125%, 09/25/2028<sup>(a)</sup> |  | 58 |  | 57723 |
|  Oaktree Specialty Lending Corp.<br>6.34%, 02/27/2030 |  | 517 |  | 519484 |
|  Oaktree Strategic Credit Fund<br>6.19%, 07/15/2030<sup>(a)</sup> |  | 53 |  | 54140 |
|  Sixth Street Lending Partners<br>6.50%, 03/11/2029 |  | 627 |  | 651794 |
|  Sixth Street Specialty Lending, Inc.<br>5.625%, 08/15/2030 |  | 305 |  | 309372 |
|  Temasek Financial I Ltd.<br>Series E<br>2.75%, 08/28/2034<sup>(a)</sup> | CNH | 62000 |  | 9007772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 08/28/2054<sup>(a)</sup> |  | 39050 |  | 5875455 |
|  Wendel SE<br>4.50%, 06/19/2030<sup>(a)</sup> | EUR | 400 |  | 491299 |
|  |  |  |  | 38518452 |
|  **Financial Services – 0.0%** | **Financial Services – 0.0%** | **Financial Services – 0.0%** | **Financial Services – 0.0%** | **Financial Services – 0.0%** |
|  Blackstone Private Credit Fund<br>1.75%, 11/30/2026<sup>(a)</sup> |  | 270 |  | 311964 |
|  China Cinda 2020 I Management Ltd.<br>Series E<br>3.00%, 01/20/2031<sup>(a)</sup> | U.S.$| 510 |  | 475274 |
|  Equinix Europe 2 Financing Corp. LLC<br>3.25%, 05/19/2029 | EUR | 167 |  | 197811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/15/2031 |  | 236 |  | 276038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 09/03/2033 |  | 100 |  | 116900 |
|  Sammons Financial Group Global Funding<br>4.95%, 06/12/2030<sup>(a)</sup> | U.S.$| 55 |  | 55815 |
|  |  |  |  | 1433802 |
|  **Insurance – 0.6%** | **Insurance – 0.6%** | **Insurance – 0.6%** | **Insurance – 0.6%** | **Insurance – 0.6%** |
|  AIA Group Ltd.<br>4.95%, 04/04/2033<sup>(a)</sup> |  | 240 |  | 246151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/30/2035<sup>(a)</sup> |  | 250 |  | 251885 |
|  Allianz SE<br>1.30%, 09/25/2049<sup>(a)</sup> | EUR | 200 |  | 218220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.43%, 07/25/2055 <sup>(a)</sup> |  | 100 |  | 121319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 07/25/2053<sup>(a)</sup> |  | 200 |  | 265135 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.25%, 07/05/2052<sup>(a)</sup> |  | 400 |  | 484655 |
|  Argentum Netherlands BV for Zurich Insurance Co., Ltd.<br>2.75%, 02/19/2049<sup>(a)</sup> |  | 264 |  | 305254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.50%, 10/01/2046<sup>(a)</sup> |  | 155 |  | 183098 |

---

---

| | |
|:---|:---|
| 18 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Athene Global Funding<br>1.75%, 11/24/2027<sup>(a)</sup> | GBP | 100 | $126366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 11/19/2030<sup>(a)</sup> | U.S.$| 1275 | 1158235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 01/07/2029<sup>(a)</sup> |  | 8 | 7573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 07/17/2030<sup>(a)</sup> |  | 1478 | 1500859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 07/28/2027<sup>(a)</sup> | GBP | 100 | 135466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/07/2030<sup>(a)</sup> | U.S.$| 4460 | 4596385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 07/11/2031<sup>(a)</sup> |  | 11630 | 11991568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 08/22/2035<sup>(a)</sup> |  | 417 | 422518 |
|  Athene Holding Ltd.<br>6.25%, 04/01/2054 |  | 129 | 131452 |
|  Aviva PLC<br>4.00%, 06/03/2055<sup>(a)</sup> | GBP | 135 | 153356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 08/28/2056<sup>(a)</sup> | EUR | 100 | 119641 |
|  AXA SA<br>Series E<br>1.875%, 07/10/2042<sup>(a)</sup> |  | 189 | 199374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/28/2049<sup>(a)</sup> |  | 451 | 532109 |
|  Berkshire Hathaway, Inc.<br>2.15%, 03/15/2028 |  | 280 | 326457 |
|  Centene Corp.<br>2.50%, 03/01/2031 | U.S.$| 798 | 687788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 08/01/2031 |  | 808 | 694547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/15/2030 |  | 729 | 651431 |
|  Cigna Group (The)<br>4.375%, 10/15/2028 |  | 7 | 7035 |
|  Cloverie PLC for Zurich Insurance Co., Ltd.<br>Series E<br>5.625%, 06/24/2046<sup>(a)</sup> |  | 315 | 316448 |
|  CNO Global Funding<br>4.375%, 09/08/2028<sup>(a)</sup> |  | 57 | 57098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/04/2027<sup>(a)</sup> |  | 621 | 637529 |
|  Corebridge Global Funding<br>4.45%, 10/02/2030<sup>(a)</sup> |  | 58 | 57951 |
|  Elevance Health, Inc.<br>4.60%, 09/15/2032 |  | 58 | 57647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/2036 |  | 34 | 33760 |
|  Enstar Group Ltd.<br>3.10%, 09/01/2031 |  | 767 | 685604 |
|  F&G Global Funding<br>4.65%, 09/08/2028<sup>(a)</sup> |  | 57 | 57194 |
|  Fairfax Financial Holdings Ltd.<br>5.625%, 08/16/2032 |  | 599 | 623134 |
|  GA Global Funding Trust<br>4.50%, 09/18/2030<sup>(a)</sup> |  | 150 | 148967 |
|  Generali<br>4.25%, 12/14/2047<sup>(a)</sup> | EUR | 200 | 240564 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 19 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>5.00%, 06/08/2048<sup>(a)</sup> | EUR | 100 | $123729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/27/2047<sup>(a)</sup> |  | 138 | 170320 |
|  Guardian Life Global Funding<br>4.07%, 09/05/2028<sup>(a)</sup> | U.S.$| 37 | 37024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.33%, 10/06/2030<sup>(a)</sup> |  | 58 | 58044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.67%, 09/05/2032<sup>(a)</sup> |  | 57 | 57258 |
|  Guardian Life Insurance Co. of America (The)<br>4.85%, 01/24/2077<sup>(a)</sup> |  | 568 | 481519 |
|  Hannover Rueck SE<br>5.875%, 08/26/2043<sup>(a)</sup> | EUR | 200 | 265864 |
|  Health Care Service Corp. A Mutual Legal Reserve Co.<br>5.875%, 06/15/2054<sup>(a)</sup> | U.S.$| 689 | 675618 |
|  Horizon Mutual Holdings, Inc.<br>6.20%, 11/15/2034<sup>(a)</sup> |  | 694 | 679394 |
|  Humana, Inc.<br>5.75%, 04/15/2054 |  | 723 | 690005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/01/2055 |  | 396 | 392009 |
|  Jackson National Life Global Funding<br>4.55%, 09/09/2030<sup>(a)</sup> |  | 57 | 56988 |
|  Massachusetts Mutual Life Insurance Co.<br>3.73%, 10/15/2070<sup>(a)</sup> |  | 1026 | 691166 |
|  MetLife Capital Trust IV<br>7.875% (CME Term SOFR 3 Month + 3.96%), 12/15/2037<sup>(a)</sup><sup>(c)</sup> |  | 110 | 122829 |
|  Metropolitan Life Global Funding I<br>4.15%, 08/25/2028<sup>(a)</sup> |  | 260 | 260707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/11/2029<sup>(a)</sup> | AUD | 2537 | 1731405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>3.75%, 12/07/2031<sup>(a)</sup> | EUR | 349 | 422570 |
|  Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen<br>1.00%, 05/26/2042<sup>(a)</sup> |  | 400 | 398761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 05/26/2041<sup>(a)</sup> |  | 100 | 104287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/26/2049<sup>(a)</sup> |  | 100 | 117458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/26/2044<sup>(a)</sup> |  | 200 | 240515 |
|  New York Life Insurance Co.<br>4.45%, 05/15/2069<sup>(a)</sup> | U.S.$| 80 | 63530 |
|  NN Group NV<br>Series E<br>4.625%, 01/13/2048<sup>(a)</sup> | EUR | 583 | 708723 |
|  Principal Life Global Funding II<br>4.80%, 01/09/2028<sup>(a)</sup> | U.S.$| 348 | 352479 |
|  Prudential Financial, Inc.<br>4.50%, 09/15/2047 |  | 267 | 263861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/2048 |  | 475 | 483669 |
|  Sammons Financial Group, Inc.<br>6.875%, 04/15/2034<sup>(a)</sup> |  | 131 | 143961 |

---

---

| | |
|:---|:---|
| 20 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Sogecap SA<br>5.00%, 04/03/2045<sup>(a)</sup> | EUR | 100 | $121602 |
|  Swiss Re Finance UK PLC<br>Series E<br>2.71%, 06/04/2052<sup>(a)</sup> |  | 400 | 439473 |
|  Swiss RE Subordinated Finance PLC<br>Series E<br>3.89%, 03/26/2033<sup>(a)</sup> |  | 178 | 212219 |
|  Talanx AG<br>Series GDIP<br>2.25%, 12/05/2047<sup>(a)</sup> |  | 500 | 576127 |
|  Western-Southern Global Funding<br>4.50%, 07/16/2028<sup>(a)</sup> | U.S.$| 56 | 56423 |
|  |  |  | 39633310 |
|  **REITs – 0.6%** |  |  |  |
|  American Tower Corp.<br>0.40%, 02/15/2027 | EUR | 131 | 149454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 01/15/2028 |  | 196 | 219236 |
|  Aroundtown SA<br>Series E<br>0.375%, 04/15/2027<sup>(a)</sup> |  | 100 | 113011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 07/16/2029<sup>(a)</sup> |  | 100 | 123339 |
|  CBRE Services, Inc.<br>5.50%, 04/01/2029 | U.S.$| 634 | 657832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/15/2034 |  | 266 | 284017 |
|  Corp. Inmobiliaria Vesta SAB de CV<br>5.50%, 01/30/2033<sup>(a)</sup> |  | 260 | 262158 |
|  Crown Castle, Inc.<br>2.90%, 03/15/2027 |  | 400 | 392294 |
|  Digital Dutch Finco BV<br>1.00%, 01/15/2032<sup>(a)</sup> | EUR | 2115 | 2133160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 02/01/2031<sup>(a)</sup> |  | 200 | 210486 |
|  Digital Intrepid Holding BV<br>1.375%, 07/18/2032<sup>(a)</sup> |  | 6858 | 6983357 |
|  Digital Stout Holding LLC<br>3.30%, 07/19/2029<sup>(a)</sup> | GBP | 100 | 127121 |
|  Equinix, Inc.<br>0.25%, 03/15/2027 | EUR | 100 | 113581 |
|  Essential Properties LP<br>2.95%, 07/15/2031 | U.S.$| 260 | 234574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 12/01/2035 |  | 315 | 316079 |
|  GLP Capital LP/GLP Financing II, Inc.<br>4.00%, 01/15/2031 |  | 9361 | 8948638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/2033 |  | 237 | 237690 |
|  Land Securities Capital Markets PLC<br>Series E<br>2.375%, 03/29/2027<sup>(a)</sup> | GBP | 100 | 129901 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 21 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  National Health Investors, Inc.<br>5.35%, 02/01/2033 | U.S.$| 57 | $56528 |
|  Newmark Group, Inc.<br>7.50%, 01/12/2029 |  | 152 | 163305 |
|  Omega Healthcare Investors, Inc.<br>5.20%, 07/01/2030 |  | 89 | 90336 |
|  Prologis Euro Finance LLC<br>3.875%, 09/22/2037 | EUR | 238 | 279756 |
|  Prologis International Funding II SA<br>Series E<br>1.625%, 06/17/2032<sup>(a)</sup> |  | 1949 | 2040326 |
|  Public Storage Operating Co.<br>3.50%, 01/20/2034 |  | 575 | 673258 |
|  Realty Income Corp.<br>3.375%, 06/20/2031 |  | 423 | 498227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/04/2041 | GBP | 115 | 139850 |
|  Swire Properties MTN Financing Ltd.<br>Series E<br>3.40%, 09/03/2029<sup>(a)</sup> | CNH | 40000 | 5753273 |
|  Trust Fibra Uno<br>4.87%, 01/15/2030<sup>(a)</sup> | U.S.$| 5466 | 5363622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.39%, 01/15/2050<sup>(a)</sup> |  | 205 | 189369 |
|  Unibail-Rodamco-Westfield SE<br>Series E<br>1.875%, 01/15/2031<sup>(a)</sup> | EUR | 600 | 655610 |
|  Vicinity Centres Trust<br>Series E<br>1.125%, 11/07/2029<sup>(a)</sup> |  | 181 | 197031 |
|  WEA Finance LLC<br>3.50%, 06/15/2029<sup>(a)</sup> | U.S.$| 299 | 288607 |
|  Welltower OP LLC<br>2.75%, 01/15/2031 |  | 590 | 545226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/15/2030 |  | 634 | 605377 |
|  Wharf REIC Finance BVI Ltd.<br>Series E<br>2.875%, 05/07/2030<sup>(a)</sup> |  | 260 | 241746 |
|  WP Carey, Inc.<br>4.25%, 07/23/2032 | EUR | 171 | 207858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/15/2030 | U.S.$| 274 | 275541 |
|  |  |  | 39900774 |
|  |  |  | 726695922 |
|  Industrial – 9.7% |  |  |  |
|  **Basic – 0.7%** |  |  |  |
|  Alpek SAB de CV<br>3.25%, 02/25/2031<sup>(a)</sup> |  | 200 | 175400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/18/2029<sup>(a)</sup> |  | 1496 | 1435225 |

---

---

| | |
|:---|:---|
| 22 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Amcor Flexibles North America, Inc.<br>4.80%, 03/17/2028 | U.S.$| 137 | $138596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/17/2030 |  | 137 | 140193 |
|  Amcor UK Finance PLC<br>1.125%, 06/23/2027 | EUR | 103 | 118015 |
|  Anglo American Capital PLC<br>2.625%, 09/10/2030<sup>(a)</sup> | U.S.$| 320 | 293816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 03/17/2031<sup>(a)</sup> |  | 316 | 290004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/15/2032<sup>(a)</sup> | EUR | 150 | 182362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/05/2034<sup>(a)</sup> | U.S.$| 200 | 210283 |
|  AngloGold Ashanti Holdings PLC<br>3.375%, 11/01/2028 |  | 403 | 390910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/01/2030 |  | 208 | 198361 |
|  Antofagasta PLC<br>6.25%, 05/02/2034<sup>(a)</sup> |  | 460 | 493929 |
|  BHP Billiton Finance USA Ltd.<br>5.00%, 02/15/2036 |  | 15 | 15233 |
|  Celulosa Arauco y Constitucion SA<br>5.50%, 04/30/2049<sup>(a)</sup> |  | 260 | 236517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 05/05/2032<sup>(a)</sup> |  | 240 | 249690 |
|  Dow Chemical Co. (The)<br>4.80%, 01/15/2031 |  | 57 | 56775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/30/2048 |  | 251 | 228595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/2036 |  | 57 | 57251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 05/15/2053 |  | 111 | 118662 |
|  Freeport Indonesia PT<br>4.76%, 04/14/2027<sup>(a)</sup> |  | 320 | 320640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.315%, 04/14/2032<sup>(a)</sup> |  | 204 | 206652 |
|  Freeport-McMoRan, Inc.<br>4.25%, 03/01/2030 |  | 420 | 415652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/2043 |  | 220 | 211534 |
|  Fresnillo PLC<br>4.25%, 10/02/2050<sup>(a)</sup> |  | 240 | 189473 |
|  Glencore Capital Finance DAC<br>Series E<br>3.75%, 02/04/2032<sup>(a)</sup> | EUR | 16025 | 19011183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 04/29/2031<sup>(a)</sup> |  | 260 | 315659 |
|  Gold Fields Orogen Holdings BVI Ltd.<br>6.125%, 05/15/2029<sup>(a)</sup> | U.S.$| 200 | 209875 |
|  Industrias Penoles SAB de CV<br>4.75%, 08/06/2050<sup>(a)</sup> |  | 230 | 191187 |
|  Inversiones CMPC SA<br>3.00%, 04/06/2031<sup>(a)</sup> |  | 210 | 188580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/26/2034<sup>(a)</sup> |  | 200 | 208021 |
|  LG Chem Ltd.<br>2.375%, 07/07/2031<sup>(a)</sup> |  | 310 | 272753 |
|  Linde PLC<br>3.20%, 02/14/2031<sup>(a)</sup> | EUR | 100 | 118787 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 23 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  LYB International Finance III LLC<br>6.15%, 05/15/2035 | U.S.$| 12 | $12507 |
|  Ma'aden Sukuk Ltd.<br>5.50%, 02/13/2035<sup>(a)</sup> |  | 262 | 274837 |
|  MEGlobal BV<br>2.625%, 04/28/2028<sup>(a)</sup> |  | 260 | 247975 |
|  Nexa Resources SA<br>6.75%, 04/09/2034<sup>(a)</sup> |  | 230 | 243955 |
|  Nucor Corp.<br>3.95%, 05/01/2028 |  | 688 | 686497 |
|  Orbia Advance Corp. SAB de CV<br>6.80%, 05/13/2030<sup>(a)</sup> |  | 10689 | 11113941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 05/13/2035<sup>(a)</sup> |  | 768 | 807936 |
|  POSCO<br>5.75%, 01/17/2028<sup>(a)</sup> |  | 200 | 206214 |
|  Rio Tinto Finance USA PLC<br>4.875%, 03/14/2030 |  | 84 | 86131 |
|  SKF AB<br>3.125%, 09/14/2028<sup>(a)</sup> | EUR | 369 | 435554 |
|  Smurfit Kappa Treasury ULC<br>1.50%, 09/15/2027<sup>(a)</sup> |  | 165 | 189999 |
|  Sociedad Quimica y Minera de Chile SA<br>5.50%, 09/10/2034<sup>(a)</sup> | U.S.$| 550 | 556600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/07/2033<sup>(a)</sup> |  | 250 | 269870 |
|  Southern Copper Corp.<br>7.50%, 07/27/2035 |  | 200 | 236666 |
|  Suzano Austria GmbH<br>Series DM3N<br>3.125%, 01/15/2032 |  | 300 | 269220 |
|  Vale Overseas Ltd.<br>6.125%, 06/12/2033 |  | 200 | 213360 |
|  |  |  | 42741075 |
|  **Capital Goods – 0.5%** |  |  |  |
|  3M Co.<br>3.375%, 03/01/2029 |  | 244 | 238326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>1.75%, 05/15/2030 | EUR | 347 | 385969 |
|  BAE Systems PLC<br>1.90%, 02/15/2031<sup>(a)</sup> | U.S.$| 449 | 395341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/26/2027<sup>(a)</sup> |  | 679 | 687350 |
|  Boeing Co. (The)<br>3.25%, 02/01/2028 |  | 99 | 96753 |
|  Bouygues SA<br>4.625%, 06/07/2032<sup>(a)</sup> | EUR | 100 | 126480 |
|  Carrier Global Corp.<br>4.125%, 05/29/2028 |  | 247 | 300646 |

---

---

| | |
|:---|:---|
| 24 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Caterpillar Financial Services Corp.<br>Series K<br>4.10%, 08/15/2028 | U.S.$| 57 | $57228 |
|  CNH Industrial Finance Europe SA<br>Series E<br>1.75%, 03/25/2027<sup>(a)</sup> | EUR | 100 | 116069 |
|  CNH Industrial NV<br>Series E<br>3.75%, 06/11/2031<sup>(a)</sup> |  | 459 | 549439 |
|  CRH SMW Finance DAC<br>5.125%, 01/09/2030 | U.S.$| 673 | 693426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 05/21/2029 |  | 666 | 687509 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.00%, 07/11/2027<sup>(a)</sup> | EUR | 190 | 228843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/11/2031<sup>(a)</sup> |  | 100 | 122483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 07/11/2035<sup>(a)</sup> |  | 100 | 122672 |
|  Eaton Capital ULC<br>4.45%, 05/09/2030 | U.S.$| 393 | 397556 |
|  GE Capital UK Funding Unlimited Co.<br>Series E<br>5.875%, 01/18/2033 | GBP | 76 | 106849 |
|  General Electric Co.<br>Series E<br>4.125%, 09/19/2035<sup>(a)</sup> | EUR | 365 | 450530 |
|  Heraeus Finance GmbH<br>2.625%, 06/09/2027<sup>(a)</sup> |  | 100 | 116263 |
|  IDEX Corp.<br>3.00%, 05/01/2030 | U.S.$| 279 | 262592 |
|  John Deere Capital Corp.<br>Series E<br>3.45%, 07/16/2032<sup>(a)</sup> | EUR | 197 | 235345 |
|  John Deere Cash Management SARL<br>Series E<br>2.20%, 04/02/2032<sup>(a)</sup> |  | 100 | 111281 |
|  John Deere Financial Ltd.<br>5.05%, 06/28/2029 | AUD | 12710 | 8593463 |
|  Johnson Controls International PLC/Tyco Fire & Security Finance SCA<br>0.375%, 09/15/2027 | EUR | 100 | 112554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 09/15/2028 |  | 502 | 593615 |
|  L3Harris Technologies, Inc.<br>5.40%, 01/15/2027 | U.S.$| 453 | 460412 |
|  Metso Oyj<br>Series E<br>0.875%, 05/26/2028<sup>(a)</sup> | EUR | 179 | 200660 |
|  Northrop Grumman Corp.<br>4.90%, 06/01/2034 | U.S.$| 417 | 422826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/01/2050 |  | 123 | 118386 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 25 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Parker-Hannifin Corp.<br>2.90%, 03/01/2030 | EUR | 8422 | $9860650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/01/2027 | U.S.$| 434 | 429515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/2027 |  | 591 | 593911 |
|  RTX Corp.<br>2.15%, 05/18/2030 | EUR | 1070 | 1207473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/2027 | U.S.$| 548 | 543691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 03/15/2054 |  | 510 | 570420 |
|  Smiths Group PLC<br>Series E<br>2.00%, 02/23/2027<sup>(a)</sup> | EUR | 203 | 236097 |
|  UltraTech Cement Ltd.<br>2.80%, 02/16/2031<sup>(a)</sup> | U.S.$| 210 | 191113 |
|  Veralto Corp.<br>4.15%, 09/19/2031 | EUR | 521 | 635992 |
|  Xylem, Inc./NY<br>1.95%, 01/30/2028 | U.S.$| 303 | 289027 |
|  |  |  | 31548755 |
|  **Communications - Media – 0.2%** |  |  |  |
|  Charter Communications Operating LLC/Charter Communications Operating Capital<br>5.85%, 12/01/2035 |  | 4852 | 4899541 |
|  Cox Communications, Inc.<br>5.45%, 09/01/2034<sup>(a)</sup> |  | 654 | 651198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/15/2033<sup>(a)</sup> |  | 63 | 64334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/01/2054<sup>(a)</sup> |  | 136 | 126146 |
|  Grupo Televisa SAB<br>4.625%, 01/30/2026 |  | 200 | 198714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/13/2045 |  | 270 | 188831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/15/2040 |  | 350 | 322049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 03/11/2032 |  | 19 | 20568 |
|  Informa PLC<br>Series E<br>3.375%, 06/09/2031<sup>(a)</sup> | EUR | 124 | 145808 |
|  ITV PLC<br>Series E<br>4.25%, 06/19/2032<sup>(a)</sup> |  | 100 | 119268 |
|  Meta Platforms, Inc.<br>4.45%, 08/15/2052 | U.S.$| 61 | 52337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/15/2054 |  | 7 | 6920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/2064 |  | 648 | 643223 |
|  Prosus NV<br>3.68%, 01/21/2030<sup>(a)</sup> |  | 792 | 760320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.83%, 02/08/2051<sup>(a)</sup> |  | 1120 | 757814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 01/19/2052<sup>(a)</sup> |  | 380 | 306070 |
|  TDF Infrastructure SASU<br>5.625%, 07/21/2028<sup>(a)</sup> | EUR | 400 | 496815 |

---

---

| | |
|:---|:---|
| 26 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Tencent Holdings Ltd.<br>2.39%, 06/03/2030<sup>(a)</sup> | U.S.$| 510 | $474563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 04/22/2031<sup>(a)</sup> |  | 200 | 187873 |
|  Time Warner Cable Enterprises LLC<br>8.375%, 07/15/2033 |  | 360 | 422508 |
|  Time Warner Cable LLC<br>5.25%, 07/15/2042 | GBP | 100 | 112746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/02/2031 |  | 97 | 130652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/15/2039 | U.S.$| 355 | 370265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 07/01/2038 |  | 273 | 298068 |
|  |  |  | 11756631 |
|  **Communications - Telecommunications – 0.5%** |  |  |  |
|  America Movil SAB de CV<br>6.125%, 11/15/2037 |  | 200 | 214200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/30/2040 |  | 300 | 321459 |
|  AT&T, Inc.<br>2.30%, 06/01/2027 |  | 393 | 381563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/18/2034 | EUR | 182 | 224630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/01/2032 | U.S.$| 58 | 57745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/19/2028<sup>(a)</sup> | AUD | 6050 | 4023459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 11/01/2035 | U.S.$| 58 | 57548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/01/2045 |  | 58 | 57432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 11/01/2054 |  | 58 | 57333 |
|  Axiata SPV2 Bhd<br>Series E<br>2.16%, 08/19/2030<sup>(a)</sup> |  | 200 | 179778 |
|  Bell Telephone Co. of Canada or Bell Canada<br>3.00%, 03/17/2031 | CAD | 714 | 496581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/10/2032 |  | 10096 | 8044718 |
|  Global Switch Holdings Ltd.<br>Series E<br>2.25%, 05/31/2027<sup>(a)</sup> | EUR | 546 | 634070 |
|  Ooredoo International Finance Ltd.<br>2.625%, 04/08/2031<sup>(a)</sup> | U.S.$| 420 | 385350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/10/2034<sup>(a)</sup> |  | 200 | 199832 |
|  PLDT, Inc.<br>2.50%, 01/23/2031<sup>(a)</sup> |  | 200 | 181812 |
|  SingTel Group Treasury Pte. Ltd.<br>Series E<br>2.375%, 08/28/2029<sup>(a)</sup> |  | 290 | 272179 |
|  TDC Net A/S<br>Series E<br>5.06%, 05/31/2028<sup>(a)</sup> | EUR | 299 | 366042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 02/06/2030<sup>(a)</sup> |  | 237 | 296877 |
|  Telefonica Emisiones SA<br>4.10%, 03/08/2027 | U.S.$| 398 | 397275 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 27 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  TELUS Corp.<br>7.00%, 10/15/2055 | U.S.$| 5606 | $5909426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series CAG<br>5.25%, 11/15/2032 | CAD | 11257 | 8673140 |
|  Verizon Communications, Inc.<br>0.375%, 03/22/2029 | EUR | 256 | 276693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/17/2027<sup>(a)</sup> | AUD | 5520 | 3674229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/02/2035 | U.S.$| 51 | 51839 |
|  |  |  | 35435210 |
|  **Consumer Cyclical - Automotive – 0.8%** |  |  |  |
|  American Honda Finance Corp.<br>3.50%, 06/27/2031 | EUR | 349 | 412014 |
|  Aptiv Swiss Holdings Ltd.<br>4.25%, 06/11/2036 |  | 134 | 156890 |
|  BMW US Capital LLC<br>4.15%, 08/11/2027<sup>(a)</sup> | U.S.$| 56 | 56091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 08/13/2031<sup>(a)</sup> |  | 8 | 8143 |
|  Ford Credit Canada Co./Canada<br>6.38%, 11/10/2028 | CAD | 12312 | 9330938 |
|  Ford Motor Co.<br>4.75%, 01/15/2043 | U.S.$| 170 | 135549 |
|  Ford Motor Credit Co. LLC<br>3.375%, 11/13/2025 |  | 200 | 199616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.815%, 11/02/2027 |  | 676 | 659541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 08/03/2027 | EUR | 557 | 674331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 05/03/2029 | U.S.$| 1311 | 1301801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/07/2035 |  | 662 | 679943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 05/12/2028 |  | 200 | 207669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 11/04/2027 |  | 622 | 648766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 03/06/2030 |  | 5079 | 5435672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.45%, 09/16/2032 | EUR | 203 | 238171 |
|  General Motors Co.<br>5.15%, 04/01/2038 | U.S.$| 716 | 685546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 04/01/2036 |  | 633 | 682715 |
|  General Motors Financial Co., Inc.<br>2.35%, 02/26/2027 |  | 57 | 55536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/12/2032 |  | 18 | 16212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/07/2030 |  | 82 | 83997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 01/07/2035 |  | 135 | 139183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 07/15/2035 |  | 54 | 56477 |
|  General Motors Financial of Canada Ltd.<br>5.10%, 07/14/2028 | CAD | 2944 | 2207068 |
|  Honda Motor Co., Ltd.<br>4.44%, 07/08/2028 | U.S.$| 56 | 56348 |
|  Hyundai Capital America<br>2.375%, 10/15/2027<sup>(a)</sup> |  | 300 | 288653 |

---

---

| | |
|:---|:---|
| 28 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/18/2028<sup>(a)</sup> | U.S.$| 58 | $57835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/18/2030<sup>(a)</sup> |  | 4804 | 4780799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/01/2027<sup>(a)</sup> |  | 167 | 168907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/27/2030<sup>(a)</sup> |  | 78 | 79574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/08/2027<sup>(a)</sup> |  | 4163 | 4207666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 06/26/2028<sup>(a)</sup> |  | 6331 | 6534665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 09/21/2028<sup>(a)</sup> |  | 59 | 61677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/16/2029<sup>(a)</sup> |  | 147 | 155872 |
|  Hyundai Capital Services, Inc.<br>5.125%, 02/05/2029<sup>(a)</sup> |  | 320 | 326749 |
|  Hyundai Motor Manufacturing Indonesia PT<br>Series E<br>1.75%, 05/06/2026<sup>(a)</sup> |  | 250 | 245940 |
|  Qnity Electronics, Inc.<br>5.75%, 08/15/2032<sup>(a)</sup> |  | 4473 | 4511851 |
|  Stellantis NV<br>Series E<br>0.75%, 01/18/2029<sup>(a)</sup> | EUR | 181 | 196466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/16/2031<sup>(a)</sup> |  | 300 | 358639 |
|  Toyota Finance Australia Ltd.<br>4.65%, 09/17/2029 | AUD | 12010 | 8015981 |
|  |  |  | 54119491 |
|  **Consumer Cyclical - Entertainment – 0.0%** |  |  |  |
|  CPUK Finance Ltd.<br>5.94%, 08/28/2030<sup>(a)</sup> | GBP | 100 | 138586 |
|  Hasbro, Inc.<br>6.35%, 03/15/2040 | U.S.$| 275 | 287147 |
|  Mattel, Inc.<br>3.75%, 04/01/2029<sup>(a)</sup> |  | 673 | 651033 |
|  Royal Caribbean Cruises Ltd.<br>5.375%, 01/15/2036 |  | 265 | 265981 |
|  Universal Music Group NV<br>Series E<br>4.00%, 06/13/2031<sup>(a)</sup> | EUR | 530 | 645399 |
|  |  |  | 1988146 |
|  **Consumer Cyclical - Other – 0.5%** |  |  |  |
|  Flutter Treasury DAC<br>4.00%, 06/04/2031<sup>(a)</sup> |  | 5772 | 6786343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/04/2031<sup>(a)</sup> | GBP | 2982 | 4037603 |
|  GENM Capital Labuan Ltd.<br>3.88%, 04/19/2031<sup>(a)</sup> | U.S.$| 9753 | 8983067 |
|  Gohl Capital Ltd.<br>4.25%, 01/24/2027<sup>(a)</sup> |  | 290 | 288731 |
|  JH North America Holdings, Inc.<br>5.875%, 01/31/2031<sup>(a)</sup> |  | 4050 | 4116556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/31/2032<sup>(a)</sup> |  | 411 | 421128 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 29 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Kingspan Securities Ireland DAC<br>Series E<br>3.50%, 10/31/2031<sup>(a)</sup> | EUR | 132 | $| 154794 |
|  Las Vegas Sands Corp.<br>3.90%, 08/08/2029 | U.S.$| 410 |  | 396691 |
|  Marriott International, Inc./MD<br>5.10%, 04/15/2032 |  | 20 |  | 20523 |
|  MDC Holdings, Inc.<br>6.00%, 01/15/2043 |  | 5611 |  | 5332147 |
|  Owens Corning<br>5.50%, 06/15/2027 |  | 4 |  | 4086 |
|  Sands China Ltd.<br>2.85%, 03/08/2029<sup>(d)</sup> |  | 277 |  | 260840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/08/2031<sup>(d)</sup> |  | 450 |  | 413437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 06/18/2030<sup>(d)</sup> |  | 499 |  | 490784 |
|  |  |  |  | 31706730 |
|  **Consumer Cyclical - Restaurants – 0.0%** |  |  |  |  |
|  Darden Restaurants, Inc.<br>3.85%, 05/01/2027 |  | 399 |  | 397057 |
|  **Consumer Cyclical - Retailers – 0.1%** | **Consumer Cyclical - Retailers – 0.1%** | **Consumer Cyclical - Retailers – 0.1%** | **Consumer Cyclical - Retailers – 0.1%** | **Consumer Cyclical - Retailers – 0.1%** |
|  Alimentation Couche-Tard, Inc.<br>4.01%, 02/12/2036<sup>(a)</sup> | EUR | 357 |  | 422616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/29/2028<sup>(a)</sup> | U.S.$| 57 |  | 57003 |
|  CK Hutchison International 21 Ltd.<br>2.50%, 04/15/2031<sup>(a)</sup> |  | 460 |  | 417471 |
|  Dollarama, Inc.<br>5.53%, 09/26/2028 | CAD | 231 |  | 176946 |
|  El Puerto de Liverpool SAB de CV<br>6.66%, 01/22/2037<sup>(a)</sup> | U.S.$| 200 |  | 214876 |
|  Genuine Parts Co.<br>4.95%, 08/15/2029 |  | 673 |  | 685722 |
|  Home Depot, Inc. (The)<br>3.75%, 09/15/2028 |  | 57 |  | 56784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/15/2030 |  | 57 |  | 56540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/15/2035 |  | 57 |  | 56465 |
|  Kering SA<br>Series E<br>3.625%, 03/11/2036<sup>(a)</sup> | EUR | 100 |  | 113431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 09/05/2035<sup>(a)</sup> |  | 100 |  | 116936 |
|  Lowe's Cos., Inc.<br>1.70%, 10/15/2030 | U.S.$| 443 |  | 389837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 10/15/2027 |  | 373 |  | 372668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/2028 |  | 58 |  | 57865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/2032 |  | 58 |  | 57514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/2035 |  | 58 |  | 57522 |
|  Ralph Lauren Corp.<br>5.00%, 06/15/2032 |  | 508 |  | 520418 |

---

---

| | |
|:---|:---|
| 30 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Tapestry, Inc.<br>5.50%, 03/11/2035 | U.S.$| 675 | $689853 |
|  |  |  | 4520467 |
|  **Consumer Non-Cyclical – 1.9%** |  |  |  |
|  Altria Group, Inc.<br>2.45%, 02/04/2032 |  | 746 | 656586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 06/15/2031 | EUR | 13543 | 15723991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 02/04/2051 | U.S.$| 553 | 398697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/09/2042 |  | 802 | 674137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/06/2035 |  | 500 | 519128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 02/14/2039 |  | 578 | 599228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/01/2033 |  | 175 | 197752 |
|  Anheuser-Busch InBev SA/NV<br>Series E<br>1.65%, 03/28/2031<sup>(a)</sup> | EUR | 398 | 435252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/22/2044<sup>(a)</sup> |  | 360 | 409104 |
|  Archer-Daniels-Midland Co.<br>3.25%, 03/27/2030 | U.S.$| 555 | 533771 |
|  Asahi Group Holdings Ltd.<br>0.34%, 04/19/2027<sup>(a)</sup> | EUR | 535 | 607324 |
|  Barry Callebaut Services NV<br>4.00%, 06/14/2029<sup>(a)</sup> |  | 400 | 478139 |
|  BAT Capital Corp.<br>4.39%, 08/15/2037 | U.S.$| 315 | 288513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 08/15/2047 |  | 8 | 6710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/22/2033 |  | 114 | 112814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 04/02/2050 |  | 312 | 284045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/16/2052 |  | 418 | 399718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.08%, 08/02/2053 |  | 571 | 652625 |
|  BAT International Finance PLC<br>Series E<br>2.25%, 01/16/2030<sup>(a)</sup> | EUR | 143 | 162573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/12/2032<sup>(a)</sup> |  | 11373 | 13787850 |
|  BAT Netherlands Finance BV<br>Series E<br>5.375%, 02/16/2031<sup>(a)</sup> |  | 300 | 386213 |
|  Baxter International, Inc.<br>2.54%, 02/01/2032 | U.S.$| 287 | 251660 |
|  Bayer US Finance LLC<br>6.375%, 11/21/2030<sup>(a)</sup> |  | 267 | 285558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/21/2033<sup>(a)</sup> |  | 559 | 602642 |
|  Bayer US Finance II LLC<br>4.375%, 12/15/2028<sup>(a)</sup> |  | 398 | 396460 |
|  British American Tobacco PLC<br>Series NC8<br>3.75%, 06/27/2029<sup>(a)</sup><sup>(b)</sup> | EUR | 477 | 555461 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 31 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Cardinal Health, Inc.<br>4.50%, 09/15/2030 | U.S.$| 56 | $56187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/15/2029 |  | 661 | 679682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/2035 |  | 56 | 56412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 11/15/2034 |  | 136 | 139783 |
|  Cargill, Inc.<br>3.875%, 04/24/2030<sup>(a)</sup> | EUR | 5792 | 7053791 |
|  Cencora, Inc.<br>3.45%, 12/15/2027 | U.S.$| 683 | 673238 |
|  Cencosud SA<br>4.375%, 07/17/2027<sup>(a)</sup> |  | 230 | 230299 |
|  Cia Cervecerias Unidas SA<br>3.35%, 01/19/2032<sup>(a)</sup> |  | 200 | 179625 |
|  Coca-Cola Co. (The)<br>1.25%, 03/08/2031 | EUR | 170 | 183174 |
|  CommonSpirit Health<br>3.82%, 10/01/2049 | U.S.$| 364 | 272875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.19%, 10/01/2049 |  | 401 | 317778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 12/01/2034 |  | 5000 | 5089123 |
|  Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC<br>4.75%, 01/15/2029<sup>(a)</sup> |  | 86 | 84178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/15/2030<sup>(a)</sup> |  | 388 | 396402 |
|  CVS Health Corp.<br>2.125%, 09/15/2031 |  | 456 | 395277 |
|  Dentsply Sirona, Inc.<br>3.25%, 06/01/2030 |  | 711 | 653849 |
|  Diageo Finance PLC<br>3.125%, 02/28/2031<sup>(a)</sup> | EUR | 235 | 277415 |
|  Electrolux AB<br>Series E<br>4.50%, 09/29/2028<sup>(a)</sup> |  | 389 | 473063 |
|  Eli Lilly & Co.<br>4.00%, 10/15/2028 | U.S.$| 57 | 57080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/2059 |  | 79 | 63676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/15/2032 |  | 57 | 57424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/15/2035 |  | 57 | 57749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/27/2063 |  | 360 | 331446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/09/2064 |  | 130 | 122774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/14/2064 |  | 596 | 572752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 10/15/2055 |  | 57 | 58674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 02/12/2065 |  | 589 | 602546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 10/15/2065 |  | 57 | 58890 |
|  General Mills, Inc.<br>3.60%, 04/17/2032 | EUR | 13835 | 16386788 |
|  Haleon US Capital LLC<br>3.375%, 03/24/2027 | U.S.$| 694 | 687103 |

---

---

| | |
|:---|:---|
| 32 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Imperial Brands Finance PLC<br>4.50%, 06/30/2028<sup>(a)</sup> | U.S.$| 4522 | $4554856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/2035<sup>(a)</sup> |  | 513 | 524199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 07/01/2034<sup>(a)</sup> |  | 385 | 402239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.875%, 02/12/2034<sup>(a)</sup> | EUR | 191 | 222299 |
|  Indofood CBP Sukses Makmur Tbk PT<br>3.40%, 06/09/2031<sup>(a)</sup> | U.S.$| 490 | 456313 |
|  JT International Financial Services BV<br>Series E<br>2.75%, 09/28/2033<sup>(a)</sup> | GBP | 100 | 111949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/17/2035<sup>(a)</sup> | EUR | 152 | 181298 |
|  Kenvue, Inc.<br>4.90%, 03/22/2033 | U.S.$| 130 | 132171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/22/2053 |  | 714 | 663782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/22/2063 |  | 727 | 673558 |
|  Keurig Dr. Pepper, Inc.<br>3.20%, 05/01/2030 |  | 148 | 139602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/15/2029 |  | 137 | 134766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/2052 |  | 842 | 679261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/2030 |  | 129 | 129103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/2029 |  | 551 | 560850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 31\*<br>2.25%, 03/15/2031 |  | 88 | 77606 |
|  Kraft Heinz Foods Co.<br>Series E<br>3.50%, 03/15/2029 | EUR | 188 | 224489 |
|  Loblaw Cos. Ltd.<br>6.54%, 02/17/2033<sup>(a)</sup> | CAD | 3182 | 2635770 |
|  Louis Dreyfus Co. Finance BV<br>3.50%, 10/22/2031<sup>(a)</sup> | EUR | 259 | 305621 |
|  Mars, Inc.<br>3.20%, 04/01/2030<sup>(a)</sup> | U.S.$| 25 | 24048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/01/2034<sup>(a)</sup> |  | 27 | 24726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/01/2030<sup>(a)</sup> |  | 138 | 140613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/2032<sup>(a)</sup> |  | 138 | 141149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/2035<sup>(a)</sup> |  | 108 | 110359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 05/01/2045<sup>(a)</sup> |  | 242 | 245634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/01/2055<sup>(a)</sup> |  | 688 | 697447 |
|  Merck & Co., Inc.<br>1.375%, 11/02/2036 | EUR | 280 | 264361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/17/2063 | U.S.$| 429 | 403407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/2055 |  | 57 | 58844 |
|  Molson Coors Beverage Co.<br>3.80%, 06/15/2032 | EUR | 224 | 268412 |
|  MSD Netherlands Capital BV<br>3.75%, 05/30/2054 |  | 149 | 159198 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 33 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Mylan, Inc.<br>5.40%, 11/29/2043 | U.S.$| 287 | $248717 |
|  Nestle Finance International Ltd.<br>Series E<br>2.80%, 05/29/2035<sup>(a)</sup> | CNH | 34880 | 4963957 |
|  Pfizer Netherlands International Finance BV<br>2.875%, 05/19/2029 | EUR | 3445 | 4067597 |
|  Pfizer, Inc.<br>7.20%, 03/15/2039 | U.S.$| 95 | 114085 |
|  Philip Morris International, Inc.<br>1.75%, 11/01/2030 |  | 734 | 649323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/28/2028 |  | 129 | 129238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/01/2027 |  | 136 | 136967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 04/30/2030 |  | 433 | 435057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/12/2027 |  | 37 | 37355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/30/2035 |  | 129 | 129045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/15/2043 |  | 392 | 365150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/17/2027 |  | 378 | 386153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/13/2034 |  | 81 | 83618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/17/2029 |  | 32 | 33693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/07/2033 |  | 802 | 849270 |
|  Pilgrim's Pride Corp.<br>6.875%, 05/15/2034 |  | 4 | 4414 |
|  REWE International Finance BV<br>4.875%, 09/13/2030<sup>(a)</sup> | EUR | 300 | 378169 |
|  Royalty Pharma PLC<br>5.20%, 09/25/2035 | U.S.$| 57 | 57039 |
|  Saputo, Inc.<br>5.25%, 11/29/2029 | CAD | 13719 | 10560876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 11/20/2030 |  | 6874 | 5372201 |
|  Sartorius Finance BV<br>4.375%, 09/14/2029<sup>(a)</sup> | EUR | 100 | 122753 |
|  Sudzucker International Finance BV<br>5.125%, 10/31/2027<sup>(a)</sup> |  | 200 | 243511 |
|  Sysco Corp.<br>5.10%, 09/23/2030 | U.S.$| 299 | 308306 |
|  Takeda Pharmaceutical Co., Ltd.<br>1.375%, 07/09/2032 | EUR | 201 | 208591 |
|  Takeda US Financing, Inc.<br>5.20%, 07/07/2035 | U.S.$| 514 | 522346 |
|  Tesco Corporate Treasury Services PLC<br>Series E<br>4.25%, 02/27/2031<sup>(a)</sup> | EUR | 177 | 218372 |
|  Thermo Fisher Scientific, Inc.<br>4.20%, 03/01/2031 | U.S.$| 58 | 57922 |
|  Upjohn Finance BV<br>1.36%, 06/23/2027<sup>(a)</sup> | EUR | 372 | 426643 |

---

---

| | |
|:---|:---|
| 34 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Viatris, Inc.<br>2.70%, 06/22/2030 | U.S.$| 141 | $126942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/22/2040 |  | 331 | 252257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/22/2050 |  | 902 | 615305 |
|  |  |  | 123127806 |
|  **Energy – 2.0%** |  |  |  |
|  Adnoc Murban Rsc Ltd.<br>5.125%, 09/11/2054<sup>(a)</sup> |  | 200 | 189500 |
|  APA Infrastructure Ltd.<br>Series E<br>0.75%, 03/15/2029<sup>(a)</sup> | EUR | 100 | 109179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 07/15/2030<sup>(a)</sup> |  | 560 | 623923 |
|  BG Energy Capital PLC<br>5.125%, 10/15/2041<sup>(a)</sup> | U.S.$| 708 | 683271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>5.00%, 11/04/2036<sup>(a)</sup> | GBP | 100 | 129363 |
|  BP Capital Markets PLC<br>3.25%, 03/22/2026<sup>(a)</sup><sup>(b)</sup> | EUR | 3699 | 4347875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/22/2029<sup>(a)</sup><sup>(b)</sup> |  | 8895 | 10433881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/22/2027<sup>(a)</sup><sup>(b)</sup> | GBP | 328 | 434335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/28/2029<sup>(a)</sup> | AUD | 9360 | 6260119 |
|  Canadian Natural Resources Ltd.<br>3.85%, 06/01/2027 | U.S.$| 140 | 139159 |
|  Colonial Enterprises, Inc.<br>5.63%, 11/15/2035<sup>(a)</sup> |  | 208 | 209761 |
|  ConocoPhillips Co.<br>4.025%, 03/15/2062 |  | 210 | 156918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/15/2054 |  | 205 | 202146 |
|  Continental Resources, Inc./OK<br>2.875%, 04/01/2032<sup>(a)</sup> |  | 2050 | 1784829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/15/2028 |  | 204 | 202772 |
|  DCC Group Finance Ireland DAC<br>Series E<br>4.375%, 06/27/2031<sup>(a)</sup> | EUR | 531 | 646465 |
|  Enbridge, Inc.<br>6.10%, 11/09/2032 | CAD | 16978 | 13717959 |
|  Energy Transfer LP<br>5.55%, 05/15/2034 | U.S.$| 94 | 96485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 09/01/2034 |  | 192 | 197118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 04/01/2055 |  | 137 | 137817 |
|  Eni SpA<br>5.75%, 05/19/2035<sup>(a)</sup> |  | 3117 | 3252577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 05/15/2054<sup>(a)</sup> |  | 405 | 407152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series X-R<br>4.75%, 09/12/2028<sup>(a)</sup> |  | 680 | 687356 |
|  Enterprise Products Operating LLC<br>Series E<br>5.25%, 08/16/2077 |  | 96 | 95838 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 35 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  EOG Resources, Inc.<br>5.65%, 12/01/2054 | U.S.$| 199 | $199400 |
|  EQT Corp.<br>4.50%, 01/15/2029 |  | 5952 | 5949838 |
|  Greensaif Pipelines Bidco SARL<br>5.85%, 02/23/2036<sup>(a)</sup> |  | 200 | 209973 |
|  Hanwha Energy USA Holdings Corp.<br>4.375%, 07/02/2028<sup>(a)</sup> |  | 250 | 251629 |
|  Harbour Energy PLC<br>6.33%, 04/01/2035<sup>(a)</sup> |  | 149 | 153215 |
|  KazMunayGas National Co. JSC<br>5.75%, 04/19/2047<sup>(a)</sup> |  | 260 | 242273 |
|  Kinder Morgan, Inc.<br>2.25%, 03/16/2027 | EUR | 333 | 388634 |
|  MPLX LP<br>4.95%, 03/14/2052 | U.S.$| 516 | 440525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/15/2035 |  | 365 | 365898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/01/2053 |  | 676 | 637319 |
|  ONEOK Partners LP<br>6.65%, 10/01/2036 |  | 5550 | 6068780 |
|  ONEOK, Inc.<br>5.05%, 11/01/2034 |  | 317 | 312762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/15/2035 |  | 9434 | 9476181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 09/01/2034 |  | 106 | 108937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 11/01/2054 |  | 456 | 430992 |
|  ORLEN SA<br>6.00%, 01/30/2035<sup>(a)</sup> |  | 380 | 396699 |
|  Ovintiv, Inc.<br>7.375%, 11/01/2031 |  | 461 | 513617 |
|  Plains All American Pipeline LP/PAA Finance Corp.<br>5.60%, 01/15/2036 |  | 422 | 427070 |
|  Pluspetrol Camisea SA/Pluspetrol Lote 56 SA<br>6.24%, 07/03/2036<sup>(a)</sup> |  | 230 | 245502 |
|  Qatarenergy LNG S3<br>5.84%, 09/30/2027<sup>(a)</sup> |  | 185 | 187615 |
|  Raizen Fuels Finance SA<br>5.70%, 01/17/2035<sup>(a)</sup> |  | 220 | 201029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/08/2032<sup>(a)</sup> |  | 260 | 254437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 03/05/2034<sup>(a)</sup> |  | 5285 | 5126183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 02/25/2037<sup>(a)</sup> |  | 3880 | 3751250 |
|  Reliance Industries Ltd.<br>3.625%, 01/12/2052<sup>(a)</sup> |  | 300 | 222132 |
|  Repsol Europe Finance SARL<br>Series E<br>0.375%, 07/06/2029<sup>(a)</sup> | EUR | 200 | 214257 |
|  SA Global Sukuk Ltd.<br>1.60%, 06/17/2026<sup>(a)</sup> | U.S.$| 350 | 342783 |

---

---

| | |
|:---|:---|
| 36 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Saudi Arabian Oil Co.<br>2.25%, 11/24/2030<sup>(a)</sup> | U.S.$| 1100 | $994818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/24/2050<sup>(a)</sup> |  | 410 | 280219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/17/2054<sup>(a)</sup> |  | 242 | 240461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 07/17/2064<sup>(a)</sup> |  | 280 | 275170 |
|  Suncor Energy, Inc.<br>4.34%, 09/13/2046 | CAD | 474 | 306914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 06/01/2039 | U.S.$| 618 | 687012 |
|  Sweihan PV Power Co. PJSC<br>3.625%, 01/31/2049<sup>(a)</sup> |  | 449 | 379437 |
|  Targa Resources Corp.<br>4.90%, 09/15/2030 |  | 95 | 96503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/2035 |  | 302 | 308067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/15/2036 |  | 104 | 106466 |
|  Tennessee Gas Pipeline Co. LLC<br>2.90%, 03/01/2030<sup>(a)</sup> |  | 250 | 234149 |
|  Terega SASU<br>0.625%, 02/27/2028<sup>(a)</sup> | EUR | 100 | 111482 |
|  Thaioil Treasury Center Co., Ltd.<br>2.50%, 06/18/2030<sup>(a)</sup> | U.S.$| 330 | 297853 |
|  TotalEnergies Capital International SA<br>Series E<br>1.66%, 07/22/2026<sup>(a)</sup> | GBP | 300 | 395160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/03/2045<sup>(a)</sup> | EUR | 200 | 220742 |
|  TotalEnergies SE<br>2.00%, 01/17/2027<sup>(a)</sup><sup>(b)</sup> |  | 11880 | 13741113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.12%, 11/19/2029<sup>(a)</sup><sup>(b)</sup> |  | 548 | 655054 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series NC7<br>1.625%, 10/25/2027<sup>(a)</sup><sup>(b)</sup> |  | 1650 | 1869440 |
|  TransCanada PipeLines Ltd.<br>5.33%, 05/12/2032 | CAD | 227 | 176144 |
|  Transportadora de Gas del Peru SA<br>4.25%, 04/30/2028<sup>(a)</sup> | U.S.$| 120 | 119865 |
|  Transportadora de Gas Internacional SA ESP<br>5.55%, 11/01/2028<sup>(a)</sup> |  | 200 | 203650 |
|  Var Energi ASA<br>6.50%, 05/22/2035<sup>(a)</sup> |  | 3927 | 4180400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/15/2028<sup>(a)</sup> |  | 6774 | 7186612 |
|  Venture Global Calcasieu Pass LLC<br>3.875%, 08/15/2029<sup>(a)</sup> |  | 274 | 262493 |
|  Wintershall Dea Finance BV<br>1.82%, 09/25/2031<sup>(a)</sup> | EUR | 8500 | 8874568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.36%, 10/03/2032<sup>(a)</sup> |  | 2549 | 3038030 |
|  Woodside Finance Ltd.<br>5.40%, 05/19/2030 | U.S.$| 75 | 77092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/19/2035 |  | 194 | 202799 |
|  |  |  | 127786441 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 37 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Other Industrial – 0.0%** |  |  |  |
|  Alfa Desarrollo SpA<br>4.55%, 09/27/2051<sup>(a)</sup> | U.S.$| 305 | $243580 |
|  CITIC Ltd.<br>Series E<br>2.85%, 02/25/2030<sup>(a)</sup> |  | 250 | 236252 |
|  Ferguson Finance PLC<br>4.50%, 10/24/2028<sup>(a)</sup> |  | 657 | 660251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 04/20/2032<sup>(a)</sup> |  | 624 | 619870 |
|  LKQ Dutch Bond BV<br>4.125%, 03/13/2031 | EUR | 188 | 225704 |
|  Mitsui & Co., Ltd.<br>2.19%, 01/19/2027<sup>(a)</sup> | U.S.$| 677 | 659831 |
|  Washington University (The)<br>Series 2022<br>3.52%, 04/15/2054 |  | 932 | 683464 |
|  |  |  | 3328952 |
|  **Services – 0.7%** |  |  |  |
|  Alibaba Group Holding Ltd.<br>2.125%, 02/09/2031 |  | 430 | 387151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 11/28/2029<sup>(a)</sup> | CNH | 97910 | 14089421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/26/2035<sup>(a)</sup> | U.S.$| 200 | 209374 |
|  Booking Holdings, Inc.<br>3.625%, 03/01/2032 | EUR | 105 | 126086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/01/2036 |  | 269 | 317191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/2044 |  | 100 | 112026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/2031 |  | 3282 | 4134897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/2034 |  | 133 | 170502 |
|  Boost Newco Borrower LLC/GTCR W Dutch Finance Sub BV<br>8.50%, 01/15/2031<sup>(a)</sup> | GBP | 424 | 611580 |
|  Fiserv Funding ULC<br>3.50%, 06/15/2032 | EUR | 10822 | 12671754 |
|  Global Payments, Inc.<br>4.875%, 03/17/2031 |  | 8702 | 10730870 |
|  Mastercard, Inc.<br>3.80%, 11/21/2046 | U.S.$| 154 | 124764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/26/2050 |  | 85 | 68116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 02/26/2048 |  | 830 | 683745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/15/2035 |  | 355 | 354172 |
|  S&P Global, Inc.<br>1.25%, 08/15/2030 |  | 93 | 81031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 03/01/2027 |  | 389 | 381062 |
|  Securitas Treasury Ireland DAC<br>Series E<br>4.375%, 03/06/2029<sup>(a)</sup> | EUR | 100 | 122641 |
|  |  |  | 45376383 |

---

---

| | |
|:---|:---|
| 38 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Technology – 1.3%** |  |  |  |
|  AAC Technologies Holdings, Inc.<br>3.75%, 06/02/2031<sup>(a)</sup> | U.S.$| 290 | $273426 |
|  Accenture Capital, Inc.<br>4.50%, 10/04/2034 |  | 407 | 401762 |
|  Alphabet, Inc.<br>2.50%, 05/06/2029 | EUR | 5446 | 6379216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/2065 | U.S.$| 670 | 665850 |
|  Amdocs Ltd.<br>2.54%, 06/15/2030 |  | 295 | 270447 |
|  Amphenol Corp.<br>2.20%, 09/15/2031 |  | 757 | 671602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 06/12/2028 |  | 55 | 55497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/2035 |  | 667 | 680475 |
|  Analog Devices, Inc.<br>1.70%, 10/01/2028 |  | 383 | 358597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 10/01/2031 |  | 320 | 282983 |
|  Apple, Inc.<br>2.85%, 08/05/2061 |  | 1133 | 689228 |
|  Applied Materials, Inc.<br>4.00%, 01/15/2031 |  | 852 | 843687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/15/2036 |  | 58 | 57430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/15/2041 |  | 382 | 408409 |
|  Baidu, Inc.<br>2.375%, 08/23/2031 |  | 320 | 289571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/12/2030<sup>(a)</sup> | CNH | 47140 | 6756892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/12/2035<sup>(a)</sup> |  | 46220 | 6700320 |
|  Broadcom Corp./Broadcom Cayman Finance Ltd.<br>3.50%, 01/15/2028 | U.S.$| 411 | 406185 |
|  Broadcom, Inc.<br>4.15%, 04/15/2032<sup>(a)</sup> |  | 377 | 369727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/15/2030 |  | 320 | 319413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/12/2027 |  | 200 | 203459 |
|  Broadridge Financial Solutions, Inc.<br>2.90%, 12/01/2029 |  | 423 | 399457 |
|  CDW LLC/CDW Finance Corp.<br>3.25%, 02/15/2029 |  | 436 | 417602 |
|  Cisco Systems, Inc.<br>4.75%, 02/24/2030 |  | 82 | 84150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/26/2029 |  | 147 | 150857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/26/2034 |  | 591 | 611148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/26/2064 |  | 699 | 686821 |
|  Dell International LLC/EMC Corp.<br>4.15%, 02/15/2029 |  | 375 | 374184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/2031 |  | 57 | 56884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/01/2028 |  | 78 | 79120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/06/2032 |  | 57 | 56758 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 39 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/15/2036 | U.S.$| 49 | $48717 |
|  Fiserv, Inc.<br>4.50%, 05/24/2031 | EUR | 4509 | 5582244 |
|  Foundry JV Holdco LLC<br>5.90%, 01/25/2033<sup>(a)</sup> | U.S.$| 6027 | 6355406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 01/25/2036<sup>(a)</sup> |  | 300 | 318982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 01/25/2032<sup>(a)</sup> |  | 1156 | 1235012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/25/2035<sup>(a)</sup> |  | 3565 | 3817959 |
|  Foxconn Far East Ltd.<br>Series E<br>2.50%, 10/28/2030<sup>(a)</sup> |  | 200 | 182904 |
|  Gartner, Inc.<br>3.625%, 06/15/2029<sup>(a)</sup> |  | 714 | 683826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/2028<sup>(a)</sup> |  | 693 | 687210 |
|  Hewlett Packard Enterprise Co.<br>4.05%, 09/15/2027 |  | 57 | 56912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/15/2028 |  | 57 | 56930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/25/2027 |  | 211 | 211891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 10/15/2030 |  | 57 | 56638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 10/15/2054 |  | 701 | 670647 |
|  Honeywell International, Inc.<br>1.10%, 03/01/2027 |  | 682 | 655133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/01/2031 |  | 763 | 660826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 03/01/2030 | EUR | 100 | 119391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/17/2032 |  | 542 | 651501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/2054 | U.S.$| 433 | 416541 |
|  HP, Inc.<br>3.00%, 06/17/2027 |  | 405 | 397371 |
|  Intel Corp.<br>3.75%, 03/25/2027 |  | 407 | 404697 |
|  International Business Machines Corp.<br>3.625%, 02/06/2031 | EUR | 140 | 169053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/20/2042 | U.S.$| 17 | 14441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/10/2035 |  | 136 | 139654 |
|  Intuit, Inc.<br>1.65%, 07/15/2030 |  | 408 | 364307 |
|  Juniper Networks, Inc.<br>3.75%, 08/15/2029 |  | 691 | 674756 |
|  Kyndryl Holdings, Inc.<br>4.10%, 10/15/2041 |  | 853 | 689695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 02/20/2034 |  | 576 | 615726 |
|  Lenovo Group Ltd.<br>3.42%, 11/02/2030<sup>(a)</sup> |  | 448 | 423821 |
|  Open Text Corp.<br>6.90%, 12/01/2027<sup>(a)</sup> |  | 610 | 634831 |
|  Oracle Corp.<br>2.30%, 03/25/2028 |  | 257 | 245692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 04/01/2027 |  | 681 | 667971 |

---

---

| | |
|:---|:---|
| 40 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/25/2061 | U.S.$| 362 | $260149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/03/2028 |  | 644 | 654892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/26/2032 |  | 833 | 834231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/26/2035 |  | 18114 | 18206853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/03/2032 |  | 34 | 35042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/06/2053 |  | 35 | 33033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 09/26/2045 |  | 57 | 57197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/26/2055 |  | 57 | 56826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/03/2055 |  | 392 | 393576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 09/26/2065 |  | 322 | 321777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 08/03/2065 |  | 136 | 136592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/15/2038 |  | 382 | 418479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 11/09/2052 |  | 539 | 600266 |
|  QUALCOMM, Inc.<br>6.00%, 05/20/2053 |  | 14 | 15050 |
|  Renesas Electronics Corp.<br>2.17%, 11/25/2026<sup>(a)</sup> |  | 677 | 659858 |
|  ServiceNow, Inc.<br>1.40%, 09/01/2030 |  | 779 | 682101 |
|  SK Hynix, Inc.<br>6.50%, 01/17/2033<sup>(a)</sup> |  | 210 | 231315 |
|  Texas Instruments, Inc.<br>3.875%, 03/15/2039 |  | 599 | 535066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/18/2063 |  | 732 | 679290 |
|  TSMC Global Ltd.<br>1.375%, 09/28/2030<sup>(a)</sup> |  | 540 | 472889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/23/2031<sup>(a)</sup> |  | 790 | 713524 |
|  VMware LLC<br>1.80%, 08/15/2028 |  | 31 | 29068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 08/21/2027 |  | 642 | 639681 |
|  |  |  | 84578597 |
|  **Transportation - Airlines – 0.1%** |  |  |  |
|  Alaska Airlines 2020-1 Class A Pass Through Trust<br>4.80%, 08/15/2027<sup>(a)</sup> |  | 466 | 467322 |
|  AS Mileage Plan IP Ltd.<br>5.02%, 10/20/2029<sup>(a)</sup> |  | 145 | 144981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.31%, 10/20/2031<sup>(a)</sup> |  | 173 | 172414 |
|  Delta Air Lines, Inc./SkyMiles IP Ltd.<br>4.50%, 10/20/2025<sup>(a)</sup> |  | 24 | 23606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/20/2028<sup>(a)</sup> |  | 669 | 672770 |
|  United Airlines 2020-1 Class A Pass Through Trust<br>Series 20-1<br>5.875%, 10/15/2027 |  | 578 | 591285 |
|  United Airlines, Inc.<br>4.375%, 04/15/2026<sup>(a)</sup> |  | 2341 | 2336930 |
|  |  |  | 4409308 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 41 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Transportation - Railroads – 0.1%** |  |  |  |
|  Canadian National Railway Co.<br>3.60%, 08/01/2047 | CAD | 355 | $214781 |
|  East Japan Railway Co.<br>Series E<br>3.245%, 09/08/2030<sup>(a)</sup> | EUR | 348 | 417086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.98%, 09/05/2032<sup>(a)</sup> |  | 100 | 123414 |
|  Lima Metro Line 2 Finance Ltd.<br>4.35%, 04/05/2036<sup>(a)</sup> | U.S.$| 374 | 360435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 07/05/2034<sup>(a)</sup> |  | 222 | 229503 |
|  MTR Corp., Ltd.<br>Series E<br>3.05%, 09/20/2054<sup>(a)</sup> | CNH | 40000 | 5890168 |
|  |  |  | 7235387 |
|  **Transportation - Services – 0.3%** |  |  |  |
|  Abertis France SAS<br>Series E<br>1.475%, 01/18/2031<sup>(a)</sup> | EUR | 200 | 213676 |
|  Adani Ports & Special Economic Zone Ltd.<br>3.10%, 02/02/2031<sup>(a)</sup> | U.S.$| 520 | 463060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.83%, 02/02/2032<sup>(a)</sup> |  | 290 | 263117 |
|  Aeroporti di Roma SpA<br>Series E<br>4.875%, 07/10/2033<sup>(a)</sup> | EUR | 199 | 251904 |
|  ENA Master Trust<br>4.00%, 05/19/2048<sup>(a)</sup> | U.S.$| 1716 | 1299579 |
|  FedEx Corp.<br>3.50%, 07/30/2032 | EUR | 188 | 220124 |
|  Heathrow Funding Ltd.<br>6.45%, 12/10/2031<sup>(a)</sup> | GBP | 10310 | 14757408 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.875%, 01/16/2036<sup>(a)</sup> | EUR | 373 | 434214 |
|  HPHT Finance 21 Ltd.<br>2.00%, 03/19/2026<sup>(a)</sup> | U.S.$| 250 | 247246 |
|  International Distribution Services PLC<br>1.25%, 10/08/2026<sup>(a)</sup> | EUR | 146 | 169103 |
|  Motability Operations Group PLC<br>Series E<br>2.375%, 03/14/2032<sup>(a)</sup> | GBP | 100 | 113963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 01/24/2034<sup>(a)</sup> | EUR | 244 | 289497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/17/2035<sup>(a)</sup> |  | 361 | 438084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/17/2043<sup>(a)</sup> | GBP | 100 | 114195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/17/2051<sup>(a)</sup> |  | 100 | 121638 |
|  Sats Treasury Pte. Ltd.<br>Series G<br>4.83%, 01/23/2029<sup>(a)</sup> | U.S.$| 200 | 203802 |

---

---

| | |
|:---|:---|
| 42 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Sixt SE<br>Series E<br>5.125%, 10/09/2027<sup>(a)</sup> | EUR | 176 | $215808 |
|  Varanasi Aurangabad Nh-2 Tollway Pvt. Ltd.<br>5.90%, 02/28/2034<sup>(a)</sup> | U.S.$| 289 | 301054 |
|  |  |  | 20117472 |
|  |  |  | 630173908 |
|  Utility – 2.8% |  |  |  |
|  **Electric – 1.7%** |  |  |  |
|  Abu Dhabi National Energy Co. PJSC<br>4.75%, 03/09/2037<sup>(a)</sup> |  | 200 | 197450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/23/2030<sup>(a)</sup> |  | 420 | 432802 |
|  Adani Transmission Step-One Ltd.<br>4.00%, 08/03/2026<sup>(a)</sup> |  | 8086 | 8005140 |
|  AEP Texas, Inc.<br>5.70%, 05/15/2034 |  | 508 | 528721 |
|  AES Andes SA<br>6.25%, 03/14/2032<sup>(a)</sup> |  | 200 | 209542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 03/15/2029<sup>(a)</sup> |  | 200 | 207800 |
|  AES Panama Generation Holdings SRL<br>4.375%, 05/31/2030<sup>(a)</sup> |  | 612 | 577910 |
|  Alabama Power Co.<br>Series C<br>4.30%, 03/15/2031 |  | 522 | 521689 |
|  Alexander Funding Trust II<br>7.47%, 07/31/2028<sup>(a)</sup> |  | 2863 | 3061197 |
|  American Electric Power Co., Inc.<br>6.95%, 12/15/2054 |  | 148 | 160388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series D<br>6.05%, 03/15/2056 |  | 423 | 423860 |
|  Black Hills Corp.<br>5.95%, 03/15/2028 |  | 2 | 2077 |
|  CenterPoint Energy Houston Electric LLC<br>4.95%, 04/01/2033 |  | 29 | 29507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/01/2035 |  | 319 | 322561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series AQ<br>4.95%, 08/15/2035 |  | 251 | 250168 |
|  Chile Electricity PEC SpA<br>Zero Coupon, 01/25/2028<sup>(a)</sup> |  | 186 | 167400 |
|  Commonwealth Edison Co.<br>Series 132<br>3.15%, 03/15/2032 |  | 340 | 314117 |
|  Consorcio Transmantaro SA<br>5.20%, 04/11/2038<sup>(a)</sup> |  | 460 | 451950 |
|  DTE Energy Co.<br>4.875%, 06/01/2028 |  | 246 | 250270 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 43 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Duke Energy Carolinas LLC<br>5.25%, 03/15/2035 | U.S.$| 397 | $410789 |
|  Duke Energy Corp.<br>3.10%, 06/15/2028 | EUR | 241 | 285443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/2031 |  | 9965 | 11921755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/15/2035 | U.S.$| 57 | 56623 |
|  Duke Energy Ohio, Inc.<br>4.30%, 02/01/2049 |  | 130 | 108673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/15/2035 |  | 305 | 314505 |
|  E.ON SE<br>Series E<br>0.75%, 02/20/2028<sup>(a)</sup> | EUR | 390 | 439692 |
|  Edison International<br>5.75%, 06/15/2027 | U.S.$| 218 | 220587 |
|  EDP Servicios Financieros Espana SA<br>Series E<br>3.50%, 07/16/2030<sup>(a)</sup> | EUR | 2567 | 3072208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/21/2031<sup>(a)</sup> |  | 11600 | 13838234 |
|  Electricite de France SA<br>Series E<br>6.00%, 01/29/2026<sup>(a)</sup><sup>(b)</sup> | GBP | 500 | 675478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series MPLE<br>5.99%, 05/23/2030<sup>(a)</sup> | CAD | 4109 | 3215125 |
|  Emirates Semb Corp. Water & Power Co. PJSC<br>4.45%, 08/01/2035<sup>(a)</sup> | U.S.$| 220 | 210683 |
|  Enel Finance International NV<br>2.125%, 07/12/2028<sup>(a)</sup><sup>(d)</sup> |  | 502 | 473981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/25/2027<sup>(a)</sup> |  | 812 | 805229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/15/2027<sup>(a)</sup> |  | 287 | 289050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/30/2055<sup>(a)</sup> |  | 370 | 364115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/07/2039<sup>(a)</sup> |  | 303 | 317012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 10/14/2052<sup>(a)</sup> |  | 200 | 247013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.875%, 01/17/2031<sup>(a)</sup> | EUR | 8955 | 9388364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/24/2031<sup>(a)</sup> |  | 1884 | 2204235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/14/2040<sup>(a)</sup> | GBP | 95 | 122014 |
|  Enel SpA<br>Series E<br>5.75%, 06/22/2037<sup>(a)</sup> |  | 93 | 122674 |
|  Engie Energia Chile SA<br>6.375%, 04/17/2034<sup>(a)</sup> | U.S.$| 285 | 303357 |
|  Engie SA<br>1.50%, 05/30/2028<sup>(a)</sup><sup>(b)</sup> | EUR | 100 | 112064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/14/2033<sup>(a)</sup><sup>(b)</sup> |  | 200 | 247553 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.25%, 09/06/2034<sup>(a)</sup> |  | 500 | 611532 |
|  Entergy Louisiana LLC<br>5.80%, 03/15/2055 | U.S.$| 298 | 305678 |

---

---

| | |
|:---|:---|
| 44 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Entergy Mississippi LLC<br>5.80%, 04/15/2055 | U.S.$| 312 | $319639 |
|  Eurogrid GmbH<br>Series E<br>3.28%, 09/05/2031<sup>(a)</sup> | EUR | 100 | 118038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.73%, 10/18/2035<sup>(a)</sup> |  | 700 | 818051 |
|  Eversource Energy<br>3.375%, 03/01/2032 | U.S.$| 661 | 611581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 07/01/2027 |  | 571 | 574502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 07/15/2034 |  | 444 | 471283 |
|  Florida Power & Light Co.<br>4.125%, 06/01/2048 |  | 125 | 103604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/15/2034 |  | 138 | 144051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/2053 |  | 130 | 127488 |
|  Georgia Power Co.<br>4.00%, 10/01/2028 |  | 371 | 370989 |
|  Iberdrola Finanzas SA<br>5.38%, 11/28/2030<sup>(a)</sup> | AUD | 1700 | 1154114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.25%, 05/28/2030<sup>(a)</sup><sup>(b)</sup> | EUR | 500 | 599210 |
|  Iberdrola International BV<br>Series NC8<br>2.25%, 01/28/2029<sup>(a)</sup><sup>(b)</sup> |  | 500 | 560746 |
|  Israel Electric Corp., Ltd.<br>Series G<br>3.75%, 02/22/2032<sup>(a)</sup> | U.S.$| 290 | 268902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/14/2028<sup>(a)</sup> |  | 3001 | 2951543 |
|  Kallpa Generacion SA<br>5.875%, 01/30/2032<sup>(a)</sup> |  | 330 | 344956 |
|  LG Energy Solution Ltd.<br>5.375%, 04/02/2030<sup>(a)</sup> |  | 490 | 502020 |
|  LLPL Capital Pte. Ltd.<br>6.875%, 02/04/2039<sup>(a)</sup> |  | 555 | 576524 |
|  Minejesa Capital BV<br>4.625%, 08/10/2030<sup>(a)</sup> |  | 928 | 923129 |
|  National Grid PLC<br>Series E<br>0.55%, 09/18/2029<sup>(a)</sup> | EUR | 3731 | 3990040 |
|  National Rural Utilities Cooperative Finance Corp.<br>Series D<br>4.15%, 08/25/2028 | U.S.$| 260 | 260682 |
|  Nevada Power Co.<br>Series GG<br>5.90%, 05/01/2053 |  | 385 | 392717 |
|  NextEra Energy Capital Holdings, Inc.<br>4.80%, 12/01/2077 |  | 685 | 665716 |
|  Niagara Energy SAC<br>5.75%, 10/03/2034<sup>(a)</sup> |  | 390 | 399703 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 45 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Niagara Mohawk Power Corp.<br>4.65%, 10/03/2030<sup>(a)</sup> | U.S.$| 212 | $213102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 01/17/2034<sup>(a)</sup> |  | 7216 | 7354008 |
|  NRG Energy, Inc.<br>4.73%, 10/15/2030<sup>(a)</sup> |  | 2753 | 2752773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 10/15/2035<sup>(a)</sup> |  | 57 | 57187 |
|  Ohio Edison Co.<br>4.95%, 12/15/2029<sup>(a)</sup> |  | 98 | 100184 |
|  Oncor Electric Delivery Co. LLC<br>3.625%, 06/15/2034<sup>(a)</sup> | EUR | 589 | 695313 |
|  Pacific Gas & Electric Co.<br>5.05%, 10/15/2032 | U.S.$| 58 | 57890 |
|  PacifiCorp<br>3.30%, 03/15/2051 |  | 1036 | 685094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/15/2049 |  | 395 | 308078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/15/2050 |  | 406 | 316420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/15/2029 |  | 23 | 23583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/01/2053 |  | 307 | 283448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/2054 |  | 568 | 536240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/15/2055 |  | 410 | 402086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 07/15/2038 |  | 110 | 118185 |
|  PECO Energy Co.<br>4.875%, 09/15/2035 |  | 417 | 419079 |
|  PPL Electric Utilities Corp.<br>5.55%, 08/15/2055 |  | 209 | 210770 |
|  Public Service Co. of Colorado<br>5.15%, 09/15/2035 |  | 417 | 422572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 05/15/2034 |  | 841 | 868602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/15/2054 |  | 102 | 103827 |
|  Public Service Co. of Oklahoma<br>5.20%, 01/15/2035 |  | 353 | 357468 |
|  Ren Finance BV<br>Series E<br>1.75%, 01/18/2028<sup>(a)</sup> | EUR | 363 | 417711 |
|  RH International Singapore Corp. Pte. Ltd.<br>Series E<br>4.50%, 03/27/2028<sup>(a)</sup> | U.S.$| 200 | 198396 |
|  RWE Finance US LLC<br>5.125%, 09/18/2035<sup>(a)</sup> |  | 679 | 670048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 09/18/2055<sup>(a)</sup> |  | 318 | 314375 |
|  San Diego Gas & Electric Co.<br>5.40%, 04/15/2035 |  | 404 | 417781 |
|  Sierra Pacific Power Co.<br>5.90%, 03/15/2054 |  | 178 | 181373 |
|  Southern California Edison Co.<br>4.875%, 02/01/2027 |  | 636 | 639675 |
|  Southwestern Public Service Co.<br>6.00%, 06/01/2054 |  | 59 | 61368 |

---

---

| | |
|:---|:---|
| 46 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  SSE PLC<br>Series E<br>8.375%, 11/20/2028<sup>(a)</sup> | GBP | 3585 | $5335620 |
|  TNB Global Ventures Capital Bhd<br>4.85%, 11/01/2028<sup>(a)</sup> | U.S.$| 430 | 437409 |
|  Virginia Electric & Power Co.<br>Series C<br>4.90%, 09/15/2035 |  | 448 | 445645 |
|  Vistra Operations Co. LLC<br>5.05%, 12/30/2026<sup>(a)</sup> |  | 71 | 71504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 10/15/2033<sup>(a)</sup> |  | 693 | 772470 |
|  Wisconsin Electric Power Co.<br>4.15%, 10/15/2030 |  | 58 | 57804 |
|  Xcel Energy, Inc.<br>4.75%, 03/21/2028 |  | 138 | 139704 |
|  |  |  | 110494235 |
|  **Natural Gas – 0.4%** |  |  |  |
|  Cadent Finance PLC<br>Series E<br>0.625%, 03/19/2030<sup>(a)</sup> | EUR | 13044 | 13787634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/16/2033<sup>(a)</sup> |  | 266 | 314556 |
|  Centrica PLC<br>Series E<br>4.375%, 03/13/2029<sup>(a)</sup> | GBP | 120 | 160049 |
|  Grupo Energia Bogota SA ESP<br>7.85%, 11/09/2033<sup>(a)</sup> | U.S.$| 200 | 231932 |
|  Italgas SpA<br>Series E<br>1.625%, 01/18/2029<sup>(a)</sup> | EUR | 166 | 187800 |
|  National Grid North America, Inc.<br>Series E<br>1.05%, 01/20/2031<sup>(a)</sup> |  | 982 | 1032870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/25/2029<sup>(a)</sup> |  | 1664 | 1975344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/03/2031<sup>(a)</sup> |  | 2987 | 3582898 |
|  Naturgy Finance Iberia SA<br>Series E<br>3.25%, 10/02/2030<sup>(a)</sup> |  | 300 | 353831 |
|  NorteGas Energia Distribucion SA<br>Series E<br>2.065%, 09/28/2027<sup>(a)</sup> |  | 269 | 310127 |
|  Southern California Gas Co.<br>6.00%, 06/15/2055 | U.S.$| 353 | 369700 |
|  |  |  | 22306741 |
|  **Other Utility – 0.7%** |  |  |  |
|  Anglian Water Services Financing PLC<br>Series A5<br>6.29%, 07/30/2030<sup>(a)</sup> | GBP | 1990 | 2789209 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 47 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>2.75%, 10/26/2029<sup>(a)</sup> | GBP | 100 | $123315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/05/2027<sup>(a)</sup> |  | 100 | 133292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>5.875%, 06/20/2031<sup>(a)</sup> |  | 4002 | 5522051 |
|  Boston Gas Co.<br>3.15%, 08/01/2027<sup>(a)</sup> | U.S.$| 389 | 382019 |
|  Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy<br>7.875%, 02/15/2039<sup>(a)</sup> |  | 433 | 466435 |
|  Suez SACA<br>Series E<br>4.50%, 11/13/2033<sup>(a)</sup> | EUR | 14000 | 17339053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/03/2032<sup>(a)</sup> |  | 200 | 255240 |
|  United Utilities Water Finance PLC<br>Series E<br>3.50%, 02/27/2033<sup>(a)</sup> |  | 8880 | 10357115 |
|  Veolia Environnement SA<br>5.99%, 11/22/2028<sup>(a)</sup><sup>(b)</sup> |  | 200 | 251247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>1.625%, 09/17/2030<sup>(a)</sup> |  | 1200 | 1318305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 09/21/2032<sup>(a)</sup> |  | 3400 | 3564867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.97%, 01/10/2031<sup>(a)</sup> |  | 1800 | 2100027 |
|  Yorkshire Water Finance PLC<br>1.75%, 11/26/2026<sup>(a)</sup> | GBP | 100 | 129471 |
|  |  |  | 44731646 |
|  |  |  | 177532622 |
|  Total Corporates - Investment Grade<br>(cost $1,480,995,485) |  |  | 1534402452 |
|  MORTGAGE PASS-THROUGHS – 13.9% |  |  |  |
|  **Agency Fixed Rate 30-Year – 13.9%** |  |  |  |
|  Federal National Mortgage Association<br>Series 2005<br>5.50%, 02/01/2035 | U.S.$| 4 | 4428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007<br>5.50%, 09/01/2036 |  | 3 | 2800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/01/2037 |  | 3 | 3145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2008<br>5.50%, 03/01/2037 |  | 1 | 1373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017<br>3.50%, 06/01/2047 |  | 10 | 8871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 08/01/2047 |  | 16 | 14620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/01/2047 |  | 118 | 110232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/01/2048 |  | 6 | 5570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018<br>3.50%, 01/01/2048 |  | 4 | 3725 |

---

---

| | |
|:---|:---|
| 48 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/01/2048 | U.S.$| 127 | $117803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/2048 |  | 3129 | 2917976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/01/2048 |  | 11 | 10400 |
|  Government National Mortgage Association<br>Series 2022<br>5.00%, 11/20/2052 |  | 31721 | 31776676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>2.50%, 10/01/2055, TBA |  | 77474 | 66689418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/01/2055, TBA |  | 86646 | 77390364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/2055, TBA |  | 17468 | 16425636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/2055, TBA |  | 59703 | 57895035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2055, TBA |  | 207602 | 206499786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/01/2055, TBA |  | 251966 | 253835988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/01/2055, TBA |  | 33278 | 33848288 |
|  Uniform Mortgage-Backed Security<br>Series 2025<br>2.00%, 10/01/2055, TBA |  | 40772 | 32859905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 10/01/2055, TBA |  | 64938 | 54705193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/01/2055, TBA |  | 26750 | 26972568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/01/2055, TBA |  | 24605 | 25133411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/01/2055, TBA |  | 9793 | 10119718 |
|  Total Mortgage Pass-Throughs<br>(cost $903,212,041) |  |  | 897352929 |
|  COLLATERALIZED MORTGAGE OBLIGATIONS – 3.9% |  |  |  |
|  **Risk Share Floating Rate – 2.4%** |  |  |  |
|  Connecticut Avenue Securities<br>Series 2025-R01, Class 1M1<br>5.46% (CME Term SOFR + 1.10%), <br>01/25/2045<sup>(a)(c)</sup> |  | 3893 | 3897005 |
|  Connecticut Avenue Securities Trust<br>Series 2021-R01, Class 1M2<br>5.91% (CME Term SOFR + 1.55%), <br>10/25/2041<sup>(a)(c)</sup> |  | 501 | 503217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R02, Class 2M2<br>6.36% (CME Term SOFR + 2.00%), <br>11/25/2041<sup>(a)(c)</sup> |  | 6865 | 6947293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R06, Class 1M1<br>7.11% (CME Term SOFR + 2.75%), <br>05/25/2042<sup>(a)(c)</sup> |  | 3518 | 3600524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R08, Class 1M1<br>6.91% (CME Term SOFR + 2.55%), <br>07/25/2042<sup>(a)(c)</sup> |  | 7722 | 7918956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R03, Class 2M2<br>8.26% (CME Term SOFR + 3.90%), <br>04/25/2043<sup>(a)(c)</sup> |  | 1202 | 1271086 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 49 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R04, Class 1M1<br>6.66% (CME Term SOFR + 2.30%), <br>05/25/2043<sup>(a)(c)</sup> | U.S.$| 4249 | $4336750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R05, Class 1M1<br>6.26% (CME Term SOFR + 1.90%), <br>06/25/2043<sup>(a)(c)</sup> |  | 3309 | 3331822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R04, Class 1M1<br>5.46% (CME Term SOFR + 1.10%), <br>05/25/2044<sup>(a)(c)</sup> |  | 3412 | 3414041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R06, Class 1M1<br>5.41% (CME Term SOFR + 1.05%), <br>09/25/2044<sup>(a)(c)</sup> |  | 1188 | 1186937 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R02, Class 1A1<br>5.36% (CME Term SOFR + 1.00%), <br>02/25/2045<sup>(a)(c)</sup> |  | 2706 | 2708894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R03, Class 2A1<br>5.81% (CME Term SOFR + 1.45%), <br>03/25/2045<sup>(a)(c)</sup> |  | 2062 | 2076326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R05, Class 2A1<br>5.36% (CME Term SOFR + 1.00%), <br>07/25/2045<sup>(a)(c)</sup> |  | 8039 | 8045092 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes<br>Series 2021-DNA5, Class M2<br>6.01% (CME Term SOFR + 1.65%), <br>01/25/2034<sup>(a)(c)</sup> |  | 1986 | 1992097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA6, Class M2<br>5.86% (CME Term SOFR + 1.50%), <br>10/25/2041<sup>(a)(c)</sup> |  | 13178 | 13212941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA7, Class M1<br>5.21% (CME Term SOFR + 0.85%), <br>11/25/2041<sup>(a)(c)</sup> |  | 184 | 183664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA7, Class M2<br>6.16% (CME Term SOFR + 1.80%), <br>11/25/2041<sup>(a)(c)</sup> |  | 13277 | 13389166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA4, Class M1<br>5.31% (CME Term SOFR + 0.95%), <br>12/25/2041<sup>(a)(c)</sup> |  | 9608 | 9608233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA4, Class M2<br>6.71% (CME Term SOFR + 2.35%), <br>12/25/2041<sup>(a)(c)</sup> |  | 6919 | 6988185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA3, Class M2<br>8.71% (CME Term SOFR + 4.35%), <br>04/25/2042<sup>(a)(c)</sup> |  | 4004 | 4187803 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-DNA1, Class M1A<br>6.45% (CME Term SOFR + 2.10%), <br>03/25/2043<sup>(a)(c)</sup> |  | 9047 | 9175145 |

---

---

| | |
|:---|:---|
| 50 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-DNA2, Class M1A<br>6.45% (CME Term SOFR + 2.10%), <br>04/25/2043<sup>(a)(c)</sup> | U.S.$| 8290 | $8403905 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-DNA2, Class M1B<br>7.60% (CME Term SOFR + 3.25%), <br>04/25/2043<sup>(a)(c)</sup> |  | 2664 | 2788285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-DNA2, Class A1<br>5.61% (CME Term SOFR + 1.25%), <br>05/25/2044<sup>(a)(c)</sup> |  | 1879 | 1887879 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-DNA2, Class M1<br>5.56% (CME Term SOFR + 1.20%), <br>05/25/2044<sup>(a)(c)</sup> |  | 4125 | 4125248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-DNA3, Class M1<br>5.36% (CME Term SOFR + 1.00%), <br>10/25/2044<sup>(a)(c)</sup> |  | 929 | 928750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HQA2, Class M1<br>5.56% (CME Term SOFR + 1.20%), <br>08/25/2044<sup>(a)(c)</sup> |  | 7310 | 7320190 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2023-HQA2<br>Series 2023-HQA2, Class M1B<br>7.71% (CME Term SOFR + 3.35%), <br>06/25/2043<sup>(a)(c)</sup> |  | 6000 | 6225874 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2025-DNA1<br>Series 2025-DNA1, Class A1<br>5.31% (CME Term SOFR + 0.95%), <br>01/25/2045<sup>(a)(c)</sup> |  | 4425 | 4432517 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2025-DNA2<br>Series 2025-DNA2, Class A1<br>5.46% (CME Term SOFR + 1.10%), <br>05/25/2045<sup>(a)(c)</sup> |  | 2100 | 2104372 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2025-Hqa1<br>Series 2025-HQA1, Class A1<br>5.31% (CME Term SOFR + 0.95%), <br>02/25/2045<sup>(a)(c)</sup> |  | 3677 | 3677813 |
|  Federal National Mortgage Association Connecticut Avenue Securities<br>Series 2015-C04, Class 1M2<br>10.17% (CME Term SOFR + 5.81%), <br>04/25/2028<sup>(c)</sup> |  | 635 | 637488 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C01, Class 2M2<br>11.42% (CME Term SOFR + 7.06%), <br>08/25/2028<sup>(c)</sup> |  | 188 | 191395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C02, Class 1M2<br>10.47% (CME Term SOFR + 6.11%), <br>09/25/2028<sup>(c)</sup> |  | 298 | 301243 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 51 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  JP Morgan Madison Avenue Securities Trust<br>Series 2015-CH1, Class M2<br>9.97% (CME Term SOFR + 5.61%), <br>10/25/2025<sup>(a)(c)</sup> | U.S.$| 1196 | $1239713 |
|  |  |  | 152239849 |
|  **Non-Agency Fixed Rate – 1.3%** |  |  |  |
|  Alternative Loan Trust<br>Series 2006-24CB, Class A15<br>5.75%, 08/25/2036<sup>(c)</sup> |  | 1180 | 573651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-26CB, Class A6<br>6.25%, 09/25/2036 |  | 109 | 50561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-26CB, Class A8<br>6.25%, 09/25/2036 |  | 406 | 188877 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-J1, Class 1A11<br>5.50%, 02/25/2036 |  | 548 | 368055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-15CB, Class A19<br>5.75%, 07/25/2037 |  | 234 | 132345 |
|  Angel Oak Mortgage Trust<br>Series 2025-4, Class A1<br>5.855%, 04/25/2070<sup>(a)</sup> |  | 3944 | 3992988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-6, Class A1<br>5.515%, 04/25/2070<sup>(a)</sup> |  | 7307 | 7372429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-9, Class A1<br>5.14%, 08/25/2070<sup>(a)</sup> |  | 3911 | 3924174 |
|  BRAVO Residential Funding Trust<br>Series 2025-NQM7, Class A1<br>5.46%, 07/25/2065<sup>(a)(c)</sup> |  | 3057 | 3085591 |
|  CHL Mortgage Pass-Through Trust<br>Series 2007-HY4, Class 1A1<br>4.59%, 09/25/2047 |  | 187 | 167658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-3, Class A30<br>5.75%, 04/25/2037 |  | 759 | 328033 |
|  Citigroup Mortgage Loan Trust<br>Series 2007-AR4, Class 1A1A<br>4.63%, 03/25/2037 |  | 100 | 83801 |
|  COLT Mortgage Loan Trust<br>Series 2025-5, Class A1<br>5.54%, 05/25/2070<sup>(a)</sup> |  | 5180 | 5232276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-8, Class A1<br>5.48%, 08/25/2070<sup>(a)</sup> |  | 5162 | 5210566 |
|  Cross Mortgage Trust<br>Series 2025-H4, Class A1<br>5.60%, 06/25/2070<sup>(a)</sup> |  | 6165 | 6225025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-H7, Class A1<br>4.93%, 09/25/2070<sup>(a)</sup> |  | 5667 | 5660005 |
|  GCAT Trust<br>Series 2025-NQM2, Class A1<br>5.60%, 04/25/2070<sup>(a)</sup> |  | 4774 | 4822607 |

---

---

| | |
|:---|:---|
| 52 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Morgan Stanley Residential Mortgage Loan Trust<br>Series 2025-NQM5, Class A1<br>5.44%, 07/25/2070<sup>(a)</sup> | U.S.$| 3150 | $3178688 |
|  OBX Trust<br>Series 2025-NQM8, Class A1<br>5.47%, 03/25/2065<sup>(a)</sup> |  | 3764 | 3795935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM10, Class A1<br>5.45%, 05/25/2065<sup>(a)</sup> |  | 10433 | 10523024 |
|  Residential Accredit Loans, Inc. Trust<br>Series 2005-QS14, Class 3A1<br>6.00%, 09/25/2035 |  | 364 | 320647 |
|  Verus Securitization Trust<br>Series 2025-1, Class A1B<br>5.62%, 01/25/2070<sup>(a)</sup> |  | 2287 | 2307872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4, Class A1<br>5.45%, 05/25/2070<sup>(a)</sup> |  | 7922 | 8004417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5, Class A1<br>5.43%, 06/25/2070<sup>(a)</sup> |  | 4874 | 4913564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-6, Class A1<br>5.42%, 07/25/2070<sup>(a)</sup> |  | 2070 | 2088006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R1, Class A1<br>5.40%, 05/25/2065<sup>(a)</sup> |  | 2412 | 2432956 |
|  Wells Fargo Mortgage Backed Securities Trust<br>Series 2007-AR7, Class A1<br>6.48%, 12/28/2037 |  | 527 | 478355 |
|  |  |  | 85462106 |
|  **Non-Agency Floating Rate – 0.2%** |  |  |  |
|  BRAVO Residential Funding Trust<br>Series 2025-NQM5, Class A1<br>5.50%, 02/25/2065<sup>(a)</sup> |  | 2159 | 2178424 |
|  COLT Mortgage Loan Trust<br>Series 2025-10, Class A1<br>5.09%, 10/25/2070<sup>(a)</sup> |  | 5302 | 5304505 |
|  First Horizon Alternative Mortgage Securities Trust<br>Series 2007-FA2, Class 1A10<br>4.52% (CME Term SOFR 1 Month + 0.36%), <br>04/25/2037<sup>(c)</sup> |  | 527 | 119056 |
|  Morgan Stanley Residential Mortgage Loan Trust<br>Series 2025-NQM3, Class A1<br>5.53%, 05/25/2070<sup>(a)</sup> |  | 4670 | 4717175 |
|  |  |  | 12319160 |
|  Total Collateralized Mortgage Obligations<br>(cost $250,165,522) |  |  | 250021115 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 53 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  COLLATERALIZED LOAN OBLIGATIONS – 3.3% |  |  |  |
|  **CLO - Floating Rate – 3.3%** |  |  |  |
|  AGL CLO 16 Ltd.<br>Series 2021-16A, Class AR<br>5.275% (CME Term SOFR 3 Month + 0.95%),<br>01/20/2035<sup>(a)(c)</sup> | U.S.$| 5410 | $5413733 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-16A, Class BR<br>5.725% (CME Term SOFR 3 Month + 1.40%),<br>01/20/2035<sup>(a)(c)</sup> |  | 6310 | 6311540 |
|  AGL CLO 44 Ltd.<br>Series 2025-44A, Class A<br>5.10% (CME Term SOFR 3 Month + 1.15%), <br>10/22/2037<sup>(a)(c)</sup> |  | 11307 | 11133967 |
|  Allegany Park CLO Ltd.<br>Series 2019-1A, Class ARR<br>5.375% (CME Term SOFR 3 Month + 1.10%),<br>01/20/2035<sup>(a)(c)</sup> |  | 4950 | 4954292 |
|  Allegro CLO XI Ltd.<br>Series 2019-2A, Class BR<br>6.225% (CME Term SOFR 3 Month + 1.90%), 01/19/2033<sup>(a)(c)</sup> |  | 11755 | 11764493 |
|  Apidos CLO XXXII<br>Series 2019-32A, Class A1R<br>5.425% (CME Term SOFR 3 Month + 1.10%), 01/20/2033<sup>(a)(c)</sup> |  | 7864 | 7867970 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-32A, Class B1R<br>5.825% (CME Term SOFR 3 Month + 1.50%), 01/20/2033<sup>(a)(c)</sup> |  | 980 | 980416 |
|  Apidos CLO XXXV<br>Series 2021-35A, Class A<br>5.64% (CME Term SOFR 3 Month + 1.31%), 04/20/2034<sup>(a)(c)</sup> |  | 5030 | 5034542 |
|  Bain Capital Credit CLO Ltd.<br>Series 2020-1A, Class BRR<br>5.74% (CME Term SOFR 3 Month + 1.50%), 04/18/2033<sup>(a)(c)</sup> |  | 5857 | 5859905 |
|  Chenango Park CLO Ltd.<br>Series 2018-1A, Class BR<br>6.12% (CME Term SOFR 3 Month + 1.80%), 04/15/2030<sup>(a)(c)</sup> |  | 1561 | 1562961 |
|  Clover CLO LLC<br>Series 2021-3A, Class BR<br>5.77% (CME Term SOFR 3 Month + 1.45%), 01/25/2035<sup>(a)(c)</sup> |  | 10031 | 10039670 |
|  Dryden 113 CLO Ltd.<br>Series 2022-113A, Class AR2<br>5.57% (CME Term SOFR 3 Month + 1.25%), 10/15/2037<sup>(a)(c)</sup> |  | 19750 | 19756991 |

---

---

| | |
|:---|:---|
| 54 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Elmwood CLO 15 Ltd.<br>Series 2022-2A, Class A1R<br>5.41% (CME Term SOFR 3 Month + 1.15%), 04/22/2035<sup>(a)(c)</sup> | U.S.$| 4900 | $4903244 |
|  Invesco CLO Ltd.<br>Series 2021-1A, Class A1<br>5.58% (CME Term SOFR 3 Month + 1.26%), 04/15/2034<sup>(a)(c)</sup> |  | 5500 | 5505549 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2A, Class AR<br>5.25% (CME Term SOFR 3 Month + 1.10%), 07/15/2034<sup>(a)(c)</sup> |  | 4439 | 4443752 |
|  Kings Park CLO Ltd.<br>Series 2021-1A, Class A<br>5.72% (CME Term SOFR 3 Month + 1.39%), 01/21/2035<sup>(a)(c)</sup> |  | 5450 | 5453597 |
|  Magnetite XIX Ltd.<br>Series 2017-19A, Class B1RR<br>5.77% (CME Term SOFR 3 Month + 1.45%), 04/17/2034<sup>(a)(c)</sup> |  | 5996 | 5993094 |
|  Neuberger Berman Loan Advisers CLO 42 Ltd.<br>Series 2021-42A, Class AR<br>5.27% (CME Term SOFR 3 Month + 0.95%), 07/16/2036<sup>(a)(c)</sup> |  | 5063 | 5063120 |
|  Neuberger Berman Loan Advisers CLO 46 Ltd.<br>Series 2021-46A, Class BR<br>5.825% (CME Term SOFR 3 Month + 1.50%), 01/20/2037<sup>(a)(c)</sup> |  | 5005 | 5006191 |
|  Neuberger Berman Loan Advisers CLO 59 Ltd.<br>Series 2024-59A, Class A1<br>5.61% (CME Term SOFR 3 Month + 1.29%), 01/23/2039<sup>(a)(c)</sup> |  | 18000 | 18040500 |
|  OCP CLO Ltd.<br>Series 2021-23A, Class BR<br>5.87% (CME Term SOFR 3 Month + 1.55%), 01/17/2037<sup>(a)(c)</sup> |  | 10815 | 10804336 |
|  OZLM XVIII Ltd.<br>Series 2018-18A, Class A<br>5.60% (CME Term SOFR 3 Month + 1.28%), 04/15/2031<sup>(a)(c)</sup> |  | 3426 | 3426421 |
|  Pikes Peak CLO 15 2023 Ltd.<br>Series 2023-15A, Class A1<br>6.075% (CME Term SOFR 3 Month + 1.75%), 10/20/2036<sup>(a)(c)</sup> |  | 4990 | 4997297 |
|  Pikes Peak CLO 6<br>Series 2020-6A, Class ARR<br>5.125% (CME Term SOFR 3 Month + 0.94%), 05/18/2034<sup>(a)(c)</sup> |  | 4899 | 4897337 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 55 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-6A, Class BRR<br>5.635% (CME Term SOFR 3 Month + 1.45%), 05/18/2034<sup>(a)(c)</sup> | U.S.$| 2286 | $2286763 |
|  Rad CLO 14 Ltd.<br>Series 2021-14A, Class A<br>5.75% (CME Term SOFR 3 Month + 1.43%), 01/15/2035<sup>(a)(c)</sup> |  | 4750 | 4751696 |
|  Regatta XVI Funding Ltd.<br>Series 2019-2A, Class A2R<br>5.77% (CME Term SOFR 3 Month + 1.45%), 01/15/2033<sup>(a)(c)</sup> |  | 4500 | 4498582 |
|  Regatta XX Funding Ltd.<br>Series 2021-2A, Class AR<br>5.50% (CME Term SOFR 3 Month + 1.18%), 01/15/2038<sup>(a)(c)</sup> |  | 6150 | 6153075 |
|  Rockford Tower CLO Ltd.<br>Series 2018-2A, Class A<br>5.75% (CME Term SOFR 3 Month + 1.42%), 10/20/2031<sup>(a)(c)</sup> |  | 3454 | 3456180 |
|  Silver Point CLO 3 Ltd.<br>Series 2023-3A, Class A1<br>6.24% (CME Term SOFR 3 Month + 1.93%), 11/29/2036<sup>(a)(c)</sup> |  | 10514 | 10538128 |
|  VERDE CLO Ltd.<br>Series 2019-1A, Class ARR<br>5.43% (CME Term SOFR 3 Month + 1.11%), 04/15/2032<sup>(a)(c)</sup> |  | 3610 | 3608765 |
|  Voya CLO Ltd.<br>Series 2024-7A, Class A1<br>5.635% (CME Term SOFR 3 Month + 1.31%), 01/20/2038<sup>(a)(c)</sup> |  | 10950 | 10977068 |
|  Total Collateralized Loan Obligations<br>(cost $215,345,628) |  |  | 215485175 |
|  COMMERCIAL MORTGAGE-BACKED SECURITIES – 3.1% |  |  |  |
|  **Non-Agency Floating Rate CMBS – 2.5%** |  |  |  |
|  ALA Trust<br>Series 2025-OANA, Class A<br>5.89% (CME Term SOFR 1 Month + 1.74%), 06/15/2040<sup>(a)(c)</sup> |  | 18761 | 18854936 |
|  BAMLL Trust<br>Series 2025-ASHF, Class A<br>6.00% (CME Term SOFR 1 Month + 1.85%), 02/15/2042<sup>(a)(c)</sup> |  | 17283 | 17304586 |
|  BHMS Commercial Mortgage Trust<br>Series 2025-ATLS, Class A<br>6.00% (CME Term SOFR 1 Month + 1.85%), 08/15/2042<sup>(a)(c)</sup> |  | 10499 | 10518193 |

---

---

| | |
|:---|:---|
| 56 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  BOCA Commercial Mortgage Trust<br>Series 2024-BOCA, Class A<br>6.07% (CME Term SOFR 1 Month + 1.92%), 08/15/2041<sup>(a)(c)</sup> | U.S.$| 2000 | $2008750 |
|  BX Commercial Mortgage Trust<br>Series 2024-AIR2, Class A<br>5.64% (CME Term SOFR 1 Month + 1.49%), 10/15/2041<sup>(a)(c)</sup> |  | 2360 | 2363270 |
|  BX Trust<br>Series 2025-GW, Class A<br>5.75% (CME Term SOFR 1 Month + 1.60%), 07/15/2042<sup>(a)(c)</sup> |  | 5057 | 5071224 |
|  Great Wolf Trust<br>Series 2024-WLF2, Class A<br>5.84% (CME Term SOFR 1 Month + 1.69%), 05/15/2041<sup>(a)(c)</sup> |  | 2316 | 2320340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-WOLF, Class A<br>5.69% (CME Term SOFR 1 Month + 1.54%), 03/15/2039<sup>(a)(c)</sup> |  | 16019 | 16049036 |
|  Hawaii Hotel Trust<br>Series 2025-MAUI, Class A<br>5.54% (CME Term SOFR 1 Month + 1.39%), 03/15/2042<sup>(a)(c)</sup> |  | 8158 | 8163099 |
|  HILT Commercial Mortgage Trust<br>Series 2024-ORL, Class A<br>5.69% (CME Term SOFR 1 Month + 1.54%), 05/15/2037<sup>(a)(c)</sup> |  | 4181 | 4187533 |
|  KIND Trust<br>Series 2021-KIND, Class A<br>5.22% (CME Term SOFR 1 Month + 1.06%), 08/15/2038<sup>(a)(c)</sup> |  | 3015 | 3003727 |
|  Natixis Commercial Mortgage Securities Trust<br>Series 2019-MILE, Class A<br>5.73% (CME Term SOFR 1 Month + 1.58%), 07/15/2036<sup>(a)(c)</sup> |  | 10690 | 10275964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-JERI, Class A<br>5.70% (CME Term SOFR 1 Month + 1.55%), 01/15/2039<sup>(a)(c)</sup> |  | 8113 | 7258890 |
|  NJ Trust<br>Series 2023-GSP, Class A<br>6.70%, 01/06/2029<sup>(a)</sup> |  | 6238 | 6546877 |
|  NRTH Mortgage Trust<br>Series 2024-PARK, Class A<br>5.79% (CME Term SOFR 1 Month + 1.64%), <br>03/15/2039<sup>(a)(c)</sup> |  | 14214 | 14182839 |
|  ORL Trust<br>Series 2024-GLKS, Class A<br>5.64% (CME Term SOFR 1 Month + 1.49%), 12/15/2039<sup>(a)(c)</sup> |  | 11956 | 11959259 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 57 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  SWCH Commercial Mortgage Trust<br>Series 2025-DATA, Class A<br>5.59% (CME Term SOFR 1 Month + 1.44%), 02/15/2042<sup>(a)(c)</sup> | U.S.$| 15630 | $15540046 |
|  Wells Fargo Commercial Mortgage Trust<br>Series 2024-MGP, Class A12<br>5.84% (CME Term SOFR 1 Month + 1.69%), 08/15/2041<sup>(a)(c)</sup> |  | 4555 | 4551037 |
|  |  |  | 160159606 |
|  **Non-Agency Fixed Rate CMBS – 0.6%** |  |  |  |
|  225 Liberty Street Trust<br>Series 2016-225L, Class E<br>4.80%, 02/10/2036<sup>(a)</sup> |  | 9098 | 8370050 |
|  BAHA Trust<br>Series 2024-MAR, Class A<br>6.17%, 12/10/2041<sup>(a)(c)</sup> |  | 5000 | 5170283 |
|  Commercial Mortgage Trust<br>Series 2012-CR3, Class D<br>4.29%, 10/15/2045<sup>(a)</sup> |  | 2322 | 1918715 |
|  DTP Commercial Mortgage Trust<br>Series 2023-STE2, Class A<br>6.04%, 01/15/2041<sup>(a)</sup> |  | 1329 | 1364204 |
|  Fashion Show Mall LLC<br>Series 2024-SHOW, Class A<br>5.27%, 10/10/2041<sup>(a)</sup> |  | 8992 | 9120069 |
|  MAD Commercial Mortgage Trust<br>Series 2025-11MD, Class A<br>4.75%, 10/15/2042<sup>(a)</sup> |  | 8900 | 8875399 |
|  WB Commercial Mortgage Trust<br>Series 2024-HQ, Class A<br>6.13%, 03/15/2040<sup>(a)</sup> |  | 4000 | 4005160 |
|  |  |  | 38823880 |
|  Total Commercial Mortgage-Backed Securities<br>(cost $200,082,352) |  |  | 198983486 |
|  COVERED BONDS – 2.7% |  |  |  |
|  Bank of Nova Scotia (The)<br>Series E<br>0.01%, 12/15/2027<sup>(a)</sup> | EUR | 3220 | 3595869 |
|  BPCE SFH SA<br>3.00%, 10/17/2029<sup>(a)</sup> |  | 1100 | 1307404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.01%, 05/27/2030<sup>(a)</sup> |  | 15000 | 15531800 |
|  Caisse de Refinancement de l'Habitat SA<br>2.75%, 04/12/2028<sup>(a)</sup> |  | 12300 | 14551869 |
|  Caisse Francaise de Financement Local SA<br>0.01%, 02/22/2028<sup>(a)</sup> |  | 7100 | 7868142 |

---

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| | |
|:---|:---|
| 58 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.01%, 04/27/2029<sup>(a)</sup> | EUR | 700 | $749095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>3.00%, 10/02/2028<sup>(a)</sup> |  | 1100 | 1308816 |
|  Cie de Financement Foncier SA<br>2.625%, 03/05/2030<sup>(a)</sup> |  | 2300 | 2691066 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>2.50%, 06/28/2029<sup>(a)</sup> |  | 9600 | 11229857 |
|  Commonwealth Bank of Australia<br>Series E<br>0.75%, 02/28/2028<sup>(a)</sup> |  | 4795 | 5415075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 02/19/2029<sup>(a)</sup> |  | 13000 | 14453493 |
|  Credit Agricole Home Loan SFH SA<br>2.875%, 06/23/2028<sup>(a)</sup> |  | 1600 | 1899545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>0.01%, 04/12/2028<sup>(a)</sup> |  | 1900 | 2099710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 08/31/2027<sup>(a)</sup> |  | 1900 | 2170993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 09/04/2028<sup>(a)</sup> |  | 8400 | 10105339 |
|  Credit Mutuel Home Loan SFH SA<br>Series E<br>3.25%, 04/20/2029<sup>(a)</sup> |  | 4000 | 4804333 |
|  National Australia Bank Ltd.<br>0.01%, 01/06/2029<sup>(a)</sup> |  | 17865 | 19307566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>0.625%, 03/16/2027<sup>(a)</sup> |  | 11055 | 12676412 |
|  Nationwide Building Society<br>3.625%, 03/15/2028<sup>(a)</sup> |  | 10740 | 12973563 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>1.125%, 05/31/2028<sup>(a)</sup> |  | 1570 | 1781573 |
|  Santander UK PLC<br>Series E<br>3.00%, 03/12/2029<sup>(a)</sup> |  | 7500 | 8927135 |
|  Societe Generale SFH SA<br>0.125%, 07/18/2029<sup>(a)</sup> |  | 9200 | 9840955 |
|  Westpac Banking Corp.<br>Series E<br>0.01%, 09/22/2028<sup>(a)</sup> |  | 10098 | 11022464 |
|  Total Covered Bonds<br>(cost $167,177,945) |  |  | 176312074 |
|  ASSET-BACKED SECURITIES – 2.6% |  |  |  |
|  **Other ABS - Fixed Rate – 1.5%** |  |  |  |
|  Accelerated LLC<br>Series 2024-1A, Class A<br>4.68%, 08/22/2044<sup>(a)</sup> | U.S.$| 5375 | 5392963 |
|  Affirm Asset Securitization Trust<br>Series 2024-B, Class A<br>4.62%, 09/15/2029<sup>(a)</sup> |  | 4022 | 4036908 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 59 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Amur Equipment Finance Receivables XII LLC<br>Series 2023-1A, Class A2<br>6.09%, 12/20/2029<sup>(a)</sup> | U.S.$| 1544 | $1559100 |
|  APL Finance DAC<br>Series 2025-1A, Class A<br>5.39%, 03/20/2036<sup>(a)</sup> |  | 4865 | 4865000 |
|  BHG Securitization Trust<br>Series 2023-A, Class A<br>5.55%, 04/17/2036<sup>(a)</sup> |  | 1018 | 1019326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-B, Class A<br>6.92%, 12/17/2036<sup>(a)</sup> |  | 1072 | 1121346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1CON, Class A<br>4.82%, 04/17/2036<sup>(a)</sup> |  | 4756 | 4780766 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2CON, Class B<br>5.17%, 09/17/2036<sup>(a)</sup> |  | 8950 | 8985474 |
|  CCG Receivables Trust<br>Series 2024-1, Class A2<br>4.99%, 03/15/2032<sup>(a)</sup> |  | 4345 | 4384171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class B<br>4.69%, 10/14/2032<sup>(a)</sup> |  | 1283 | 1289220 |
|  Clarus Capital Funding LLC<br>Series 2024-1A, Class A2<br>4.71%, 08/20/2032<sup>(a)</sup> |  | 6468 | 6490256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class B<br>4.79%, 08/20/2032<sup>(a)</sup> |  | 261 | 261633 |
|  Crossroads Asset Trust<br>Series 2024-A, Class A2<br>5.90%, 08/20/2030<sup>(a)</sup> |  | 5121 | 5184184 |
|  Dext ABS LLC<br>Series 2023-1, Class A2<br>5.99%, 03/15/2032<sup>(a)</sup> |  | 1424 | 1430971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2, Class A2<br>6.56%, 05/15/2034<sup>(a)</sup> |  | 1311 | 1320784 |
|  Hilton Grand Vacations Trust<br>Series 2025-1A, Class A<br>4.88%, 05/27/2042<sup>(a)</sup> |  | 861 | 868888 |
|  HINNT LLC<br>Series 2024-A, Class A<br>5.49%, 03/15/2043<sup>(a)</sup> |  | 2124 | 2142833 |
|  Lendmark Funding Trust<br>Series 2024-2A, Class B<br>4.86%, 02/21/2034<sup>(a)</sup> |  | 1599 | 1604183 |
|  MVW LLC<br>Series 2025-1A, Class A<br>4.97%, 09/22/2042<sup>(a)</sup> |  | 5514 | 5583879 |
|  Nelnet Student Loan Trust<br>Series 2021-CA, Class B<br>2.53%, 04/20/2062<sup>(a)</sup> |  | 8191 | 7203924 |

---

---

| | |
|:---|:---|
| 60 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  NMEF Funding LLC<br>Series 2023-A, Class A2<br>6.57%, 06/17/2030<sup>(a)</sup> | U.S.$| 1577 | $1587836 |
|  PEAC Solutions Receivables LLC<br>Series 2025-1A, Class A2<br>4.94%, 10/20/2028<sup>(a)(c)</sup> |  | 1553 | 1566402 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class B<br>5.20%, 07/20/2032<sup>(a)(c)</sup> |  | 2889 | 2947660 |
|  SCF Equipment Leasing LLC<br>Series 2024-1A, Class A2<br>5.88%, 11/20/2029<sup>(a)</sup> |  | 4158 | 4188047 |
|  SCF Equipment Trust LLC<br>Series 2025-1A, Class A3<br>5.11%, 11/21/2033<sup>(a)</sup> |  | 10770 | 10994407 |
|  Sierra Timeshare Receivables Funding LLC<br>Series 2024-2A, Class A<br>5.14%, 06/20/2041<sup>(a)</sup> |  | 2186 | 2210772 |
|  SoFi Consumer Loan Program Trust<br>Series 2025-2, Class B<br>4.97%, 06/25/2034<sup>(a)</sup> |  | 3941 | 3971705 |
|  |  |  | 96992638 |
|  **Autos - Fixed Rate – 0.7%** |  |  |  |
|  Ally Bank Auto Credit-Linked Notes<br>Series 2024-A, Class A2<br>5.68%, 05/17/2032<sup>(a)</sup> |  | 2265 | 2302431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class B<br>5.12%, 09/15/2032<sup>(a)</sup> |  | 1494 | 1506629 |
|  BOF VII AL Funding Trust I<br>Series 2023-CAR3, Class A2<br>6.29%, 07/26/2032<sup>(a)</sup> |  | 2505 | 2549023 |
|  Hertz Vehicle Financing III LLC<br>Series 2025-1A, Class A<br>4.91%, 09/25/2029<sup>(a)</sup> |  | 8260 | 8332912 |
|  Hyundai Auto Lease Securitization Trust<br>Series 2025-A, Class B<br>5.15%, 06/15/2029<sup>(a)</sup> |  | 8465 | 8563556 |
|  Merchants Fleet Funding LLC<br>Series 2023-1A, Class A<br>7.21%, 05/20/2036<sup>(a)</sup> |  | 1922 | 1933756 |
|  Securitized Term Auto Receivables Trust<br>Series 2025-A, Class B<br>5.04%, 07/25/2031<sup>(a)</sup> |  | 3129 | 3144904 |
|  Stellantis Financial Underwritten Enhanced Lease Trust<br>Series 2025-AA, Class B<br>4.74%, 04/20/2029<sup>(a)</sup> |  | 5305 | 5350003 |
|  Tesla Auto Lease Trust<br>Series 2024-B, Class A4<br>4.88%, 06/20/2028<sup>(a)</sup> |  | 3521 | 3546148 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 61 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class B<br>5.11%, 08/21/2028<sup>(a)</sup> | U.S.$| 8017 | $8087963 |
|  Wheels Fleet Lease Funding 1 LLC<br>Series 2023-2A, Class A<br>6.46%, 08/18/2038<sup>(a)</sup> |  | 2187 | 2218319 |
|  |  |  | 47535644 |
|  **Other ABS - Floating Rate – 0.4%** |  |  |  |
|  Capital Street Master Trust<br>Series 2024-1, Class A<br>5.72% (CME Term SOFR + 1.35%), 10/16/2028<sup>(a)(c)</sup> |  | 3929 | 3939791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class A<br>Zero Coupon (CME Term SOFR + 1.10%), 08/16/2029<sup>(a)(c)</sup> |  | 5997 | 5996972 |
|  PFS Financing Corp.<br>Series 2025-C, Class A<br>5.32% (CME Term SOFR + 0.95%), 04/15/2029<sup>(a)(c)</sup> |  | 4293 | 4292979 |
|  Sotheby's Artfi Master Trust<br>Series 2024-1A, Class A2<br>5.50% (CME Term SOFR 3 Month + 1.50%), 12/22/2031<sup>(a)(c)</sup> |  | 8490 | 8506347 |
|  |  |  | 22736089 |
|  Total Asset-Backed Securities<br>(cost $166,951,693) |  |  | 167264371 |
|  CORPORATES - NON-INVESTMENT GRADE – 2.2% |  |  |  |
|  Industrial – 2.1% |  |  |  |
|  **Basic – 0.2%** |  |  |  |
|  INEOS Quattro Finance 2 PLC<br>8.50%, 03/15/2029<sup>(a)</sup> | EUR | 5117 | 6001045 |
|  SNF Group SACA<br>3.125%, 03/15/2027<sup>(a)</sup> | U.S.$| 1664 | 1618964 |
|  Solstice Advanced Materials, Inc.<br>5.625%, 09/30/2033<sup>(a)</sup> |  | 3976 | 3987028 |
|  |  |  | 11607037 |
|  **Capital Goods – 0.1%** |  |  |  |
|  Axon Enterprise, Inc.<br>6.125%, 03/15/2030<sup>(a)</sup> |  | 87 | 89439 |
|  Ball Corp.<br>6.00%, 06/15/2029 |  | 256 | 262030 |
|  EMRLD Borrower LP/Emerald Co-Issuer, Inc.<br>6.375%, 12/15/2030<sup>(a)</sup> | EUR | 4935 | 6050903 |
|  Luna 2 5SARL<br>5.50%, 07/01/2032<sup>(a)</sup> |  | 632 | 754487 |

---

---

| | |
|:---|:---|
| 62 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Webuild SpA<br>4.125%, 07/03/2031<sup>(a)</sup> | EUR | 224 | $264943 |
|  |  |  | 7421802 |
|  **Communications - Media – 0.1%** |  |  |  |
|  Warnermedia Holdings, Inc.<br>4.28%, 03/15/2032 | U.S.$| 2784 | 2552399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 05/17/2033 | EUR | 235 | 266172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 03/15/2052 | U.S.$| 1469 | 1094318 |
|  |  |  | 3912889 |
|  **Communications - Telecommunications – 0.1%** |  |  |  |
|  Fibercop SpA<br>4.75%, 06/30/2030<sup>(a)</sup> | EUR | 2413 | 2878377 |
|  **Consumer Cyclical - Automotive – 0.2%** |  |  |  |
|  Nissan Motor Acceptance Co. LLC<br>1.85%, 09/16/2026<sup>(a)</sup> | U.S.$| 3120 | 3010715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 03/09/2026<sup>(a)</sup> |  | 4070 | 4007422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 09/15/2028<sup>(a)</sup> |  | 5328 | 4890889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/13/2027<sup>(a)</sup> |  | 1469 | 1467845 |
|  |  |  | 13376871 |
|  **Consumer Cyclical - Other – 0.2%** |  |  |  |
|  Hilton Domestic Operating Co., Inc.<br>5.875%, 04/01/2029<sup>(a)</sup> |  | 3279 | 3345825 |
|  Standard Industries, Inc./NY<br>4.375%, 07/15/2030<sup>(a)</sup> |  | 990 | 949418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/2028<sup>(a)</sup> |  | 1402 | 1390465 |
|  Travel & Leisure Co.<br>6.125%, 09/01/2033<sup>(a)</sup> |  | 8764 | 8747325 |
|  |  |  | 14433033 |
|  **Consumer Cyclical - Restaurants – 0.1%** |  |  |  |
|  1011778 BC ULC/New Red Finance, Inc.<br>3.875%, 01/15/2028<sup>(a)</sup> |  | 5208 | 5089794 |
|  **Consumer Cyclical - Retailers – 0.1%** |  |  |  |
|  Advance Auto Parts, Inc.<br>7.00%, 08/01/2030<sup>(a)</sup> |  | 6887 | 7093166 |
|  FirstCash, Inc.<br>4.625%, 09/01/2028<sup>(a)</sup> |  | 2218 | 2180976 |
|  |  |  | 9274142 |
|  **Consumer Non-Cyclical – 0.3%** |  |  |  |
|  CVS Health Corp.<br>6.75%, 12/10/2054 |  | 662 | 683630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/10/2055 |  | 7578 | 7973977 |
|  IQVIA, Inc.<br>5.00%, 10/15/2026<sup>(a)</sup> |  | 1599 | 1597128 |

---

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 63 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Organon & Co./Organon Foreign Debt Co-Issuer BV<br>4.125%, 04/30/2028<sup>(a)</sup> | U.S.$| 8325 | $8043645 |
|  Tenet Healthcare Corp.<br>5.125%, 11/01/2027 |  | 2720 | 2717084 |
|  |  |  | 21015464 |
|  **Energy – 0.2%** |  |  |  |
|  Antero Midstream Partners LP/Antero Midstream Finance Corp.<br>5.375%, 06/15/2029<sup>(a)</sup> |  | 303 | 301873 |
|  NuStar Logistics LP<br>6.00%, 06/01/2026 |  | 1576 | 1580296 |
|  Sunoco LP<br>5.625%, 03/15/2031<sup>(a)</sup> |  | 5222 | 5184939 |
|  Sunoco LP/Sunoco Finance Corp.<br>7.00%, 09/15/2028<sup>(a)</sup> |  | 7580 | 7811599 |
|  Venture Global Plaquemines LNG LLC<br>6.50%, 01/15/2034<sup>(a)</sup> |  | 180 | 189760 |
|  |  |  | 15068467 |
|  **Services – 0.0%** |  |  |  |
|  Prime Security Services Borrower LLC/Prime Finance, Inc.<br>3.375%, 08/31/2027<sup>(a)</sup> |  | 1686 | 1638653 |
|  **Technology – 0.2%** |  |  |  |
|  Almaviva-The Italian Innovation Co. SpA<br>5.00%, 10/30/2030<sup>(a)</sup> | EUR | 4735 | 5645982 |
|  Kioxia Holdings Corp.<br>6.25%, 07/24/2030<sup>(a)</sup> | U.S.$| 5889 | 6017947 |
|  |  |  | 11663929 |
|  **Transportation - Airlines – 0.3%** |  |  |  |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd.<br>5.75%, 04/20/2029<sup>(a)</sup> |  | 8458 | 8491907 |
|  JetBlue Airways Corp./JetBlue Loyalty LP<br>9.875%, 09/20/2031<sup>(a)</sup> |  | 7634 | 7738968 |
|  |  |  | 16230875 |
|  |  |  | 133611333 |
|  Utility – 0.1% |  |  |  |
|  **Other Utility – 0.1%** |  |  |  |
|  Holding d'Infrastructures des Metiers de l'Environnement SAS<br>4.875%, 10/24/2029<sup>(a)</sup> | EUR | 4955 | 6034712 |

---

---

| | |
|:---|:---|
| 64 AB Global Bond Fund | **ABFunds.com** |

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------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Financial Institutions – 0.0% |  |  |  |
|  **REITs – 0.0%** |  |  |  |
|  Citycon Treasury BV<br>Series E<br>6.50%, 03/08/2029<sup>(a)</sup> | EUR | 100 | $123903 |
|  Vivion Investments SARL<br>Series E<br>6.50%, 02/28/2029<sup>(a)(d)(e)</sup> |  | 24 | 27489 |
|  |  |  | 151392 |
|  Total Corporates - Non-Investment Grade<br>(cost $138,227,740) |  |  | 139797437 |
|  INFLATION-LINKED SECURITIES – 1.8% |  |  |  |
|  **Brazil – 0.2%** |  |  |  |
|  Brazil Notas do Tesouro Nacional<br>Series B<br>6.00%, 08/15/2050 | BRL | 18778 | 14029644 |
|  **United States – 1.6%** |  |  |  |
|  U.S. Treasury Inflation Index<br>1.625%, 04/15/2030 | U.S.$| 99123 | 100655846 |
|  Total Inflation-Linked Securities<br>(cost $113,029,012) |  |  | 114685490 |
|  GOVERNMENTS - SOVEREIGN AGENCIES – 1.4% |  |  |  |
|  **Belgium – 0.2%** |  |  |  |
|  Dexia SA<br>Series E<br>Zero Coupon, 01/21/2028<sup>(a)</sup> | EUR | 3500 | 3892580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.01%, 01/22/2027<sup>(a)</sup> |  | 7200 | 8205351 |
|  |  |  | 12097931 |
|  **Canada – 0.6%** |  |  |  |
|  Canada Housing Trust No. 1<br>3.55%, 09/15/2032<sup>(a)</sup> | CAD | 37285 | 27535674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/2034<sup>(a)</sup> |  | 9605 | 7382358 |
|  |  |  | 34918032 |
|  **France – 0.4%** |  |  |  |
|  SNCF Reseau<br>Series E<br>1.875%, 03/30/2034<sup>(a)</sup> | EUR | 3200 | 3291117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 10/25/2028<sup>(a)</sup> |  | 9800 | 11659364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/10/2033 |  | 9303 | 12102868 |
|  |  |  | 27053349 |

---

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 65 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  **Japan – 0.1%** |  |  |  |  |
|  Development Bank of Japan, Inc.<br>Series G<br>0.875%, 10/10/2025<sup>(a)</sup> | EUR | 5600 | $| 6572890 |
|  Organization for Workers' Retirement Allowance Mutual Aid<br>Series 38<br>0.01%, 03/24/2026 | JPY | 8900 |  | 59954 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 39<br>0.01%, 06/30/2026 |  | 3000 |  | 20147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 44<br>0.005%, 09/28/2027 |  | 4300 |  | 28415 |
|  |  |  |  | 6681406 |
|  **Kazakhstan – 0.1%** |  |  |  |  |
|  Baiterek National Managing Holding JSC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/01/2030<sup>(a)</sup> | U.S.$| 4825 |  | 4776750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 05/08/2028<sup>(a)</sup> |  | 2488 |  | 2530545 |
|  |  |  |  | 7307295 |
|  Total Governments - Sovereign Agencies<br>(cost $83,689,730) |  |  |  | 88058013 |
|  GOVERNMENTS - SOVEREIGN BONDS – 1.1% | GOVERNMENTS - SOVEREIGN BONDS – 1.1% | GOVERNMENTS - SOVEREIGN BONDS – 1.1% | GOVERNMENTS - SOVEREIGN BONDS – 1.1% | GOVERNMENTS - SOVEREIGN BONDS – 1.1% |
|  **Chile – 0.1%** | **Chile – 0.1%** | **Chile – 0.1%** | **Chile – 0.1%** | **Chile – 0.1%** |
|  Chile Electricity Lux MPC SARL<br>6.01%, 01/20/2033<sup>(a)</sup> |  | 394 |  | 413153 |
|  Chile Electricity Lux MPC II SARL<br>5.58%, 10/20/2035<sup>(a)</sup> |  | 235 |  | 240466 |
|  Chile Government International Bond<br>3.10%, 05/07/2041 |  | 825 |  | 629063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/25/2050 |  | 650 |  | 474500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/14/2032 | EUR | 3435 |  | 4126142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 01/05/2054 | U.S.$| 265 |  | 257381 |
|  |  |  |  | 6140705 |
|  **Hong Kong – 0.1%** |  |  |  |  |
|  Hong Kong Government International Bond<br>Series G<br>3.15%, 07/24/2054<sup>(a)</sup> | CNH | 55000 |  | 8531842 |
|  **Hungary – 0.0%** | **Hungary – 0.0%** | **Hungary – 0.0%** | **Hungary – 0.0%** | **Hungary – 0.0%** |
|  Hungary Government International Bond<br>2.125%, 09/22/2031<sup>(a)</sup> | U.S.$| 673 |  | 577701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 09/21/2051<sup>(a)</sup> |  | 200 |  | 126180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/26/2036<sup>(a)</sup> |  | 470 |  | 473384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 05/22/2028<sup>(a)</sup> |  | 250 |  | 260738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 09/22/2032<sup>(a)</sup> |  | 270 |  | 289170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/25/2052<sup>(a)</sup> |  | 740 |  | 797720 |
|  |  |  |  | 2524893 |

---

---

| | |
|:---|:---|
| 66 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  **Indonesia – 0.1%** |  |  |  |  |
|  Indonesia Government International Bond<br>1.40%, 10/30/2031 | EUR | 4290 | $| 4498405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 07/28/2031 | U.S.$| 1030 |  | 907687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 09/23/2061 |  | 640 |  | 409414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/31/2032 |  | 200 |  | 188500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/31/2052 |  | 750 |  | 620393 |
|  |  |  |  | 6624399 |
|  **Israel – 0.0%** |  |  |  |  |
|  Israel Government International Bond<br>Series 5Y<br>5.375%, 02/19/2030 |  | 380 |  | 391677 |
|  **Mexico – 0.2%** | **Mexico – 0.2%** | **Mexico – 0.2%** | **Mexico – 0.2%** | **Mexico – 0.2%** |
|  Mexico Government International Bond<br>2.66%, 05/24/2031 |  | 400 |  | 357124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 08/14/2041 |  | 500 |  | 406500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/27/2051 |  | 550 |  | 451688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/22/2033 |  | 8967 |  | 8958033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/07/2036 |  | 510 |  | 523005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 05/04/2053 |  | 248 |  | 241207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 05/13/2055 |  | 240 |  | 264120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 10<br>5.625%, 09/22/2035 |  | 284 |  | 282580 |
|  |  |  |  | 11484257 |
|  **Oman – 0.0%** |  |  |  |  |
|  Oman Government International Bond<br>6.75%, 01/17/2048<sup>(a)</sup> |  | 700 |  | 769510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 01/25/2051<sup>(a)</sup> |  | 1150 |  | 1298062 |
|  |  |  |  | 2067572 |
|  **Panama – 0.2%** |  |  |  |  |
|  Panama Government International Bond<br>3.87%, 07/23/2060 |  | 400 |  | 259200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/17/2028 |  | 670 |  | 659280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 04/01/2029 |  | 7685 |  | 8759978 |
|  |  |  |  | 9678458 |
|  **Peru – 0.0%** |  |  |  |  |
|  Peruvian Government International Bond<br>2.78%, 12/01/2060 |  | 105 |  | 58905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/10/2051 |  | 660 |  | 471405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/08/2054 |  | 120 |  | 120360 |
|  |  |  |  | 650670 |
|  **Philippines – 0.0%** |  |  |  |  |
|  Philippine Government International Bond<br>1.95%, 01/06/2032 |  | 1070 |  | 927423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.23%, 03/29/2027 |  | 205 |  | 202309 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 67 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.56%, 09/29/2032 | U.S.$| 205 | $195160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/29/2047 |  | 205 | 175146 |
|  |  |  | 1500038 |
|  **Poland – 0.0%** |  |  |  |
|  Republic of Poland Government International Bond<br>Series 10Y<br>4.875%, 10/04/2033 |  | 442 | 446687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 30Y<br>5.50%, 04/04/2053 |  | 158 | 152560 |
|  |  |  | 599247 |
|  **Romania – 0.3%** |  |  |  |
|  Romanian Government International Bond<br>2.875%, 04/13/2042<sup>(a)</sup> | EUR | 300 | 225699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/14/2031<sup>(a)</sup> | U.S.$| 1130 | 1003337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/27/2032<sup>(a)</sup> |  | 256 | 227840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/25/2027<sup>(a)</sup> |  | 694 | 701279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/16/2030<sup>(a)</sup> |  | 15170 | 15454438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 02/17/2028<sup>(a)</sup> |  | 270 | 280600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/10/2037<sup>(a)</sup> |  | 640 | 688027 |
|  |  |  | 18581220 |
|  **Saudi Arabia – 0.1%** |  |  |  |
|  KSA Ijarah Sukuk Ltd.<br>4.875%, 09/09/2035<sup>(a)</sup> |  | 1020 | 1027024 |
|  KSA Sukuk Ltd.<br>5.27%, 10/25/2028<sup>(a)</sup> |  | 405 | 417098 |
|  Saudi Government International Bond<br>3.625%, 03/04/2028<sup>(a)</sup> |  | 370 | 365249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/21/2055<sup>(a)</sup> |  | 970 | 698703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/17/2049<sup>(a)</sup> |  | 407 | 373296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/13/2028<sup>(a)</sup> |  | 200 | 204112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/16/2054<sup>(a)</sup> |  | 225 | 225524 |
|  |  |  | 3311006 |
|  **Uruguay – 0.0%** |  |  |  |
|  Oriental Republic of Uruguay<br>5.25%, 09/10/2060 |  | 595 | 558961 |
|  Uruguay Government International Bond<br>4.375%, 01/23/2031 |  | 152 | 154384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 02/14/2037 |  | 303 | 317584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/28/2034 |  | 220 | 235950 |
|  |  |  | 1266879 |
|  Total Governments - Sovereign Bonds<br>(cost $71,929,742) |  |  | 73352863 |

---

---

| | |
|:---|:---|
| 68 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  SUPRANATIONALS – 1.1% |  |  |  |  |
|  European Union<br>Series UFA<br>3.375%, 10/05/2054<sup>(a)</sup> | EUR | 30274 | $| 31699257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/04/2044<sup>(a)</sup> |  | 33571 |  | 40640203 |
|  Total Supranationals<br>(cost $70,809,112) |  |  |  | 72339460 |
|  EMERGING MARKETS - CORPORATE BONDS – 1.0% |  |  |  |  |
|  Industrial – 0.7% | Industrial – 0.7% | Industrial – 0.7% | Industrial – 0.7% | Industrial – 0.7% |
|  **Basic – 0.4%** | **Basic – 0.4%** | **Basic – 0.4%** | **Basic – 0.4%** | **Basic – 0.4%** |
|  Braskem Idesa SAPI<br>6.99%, 02/20/2032<sup>(a)(f)</sup> | U.S.$| 3142 |  | 1853780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.99%, 02/20/2032<sup>(a)</sup> |  | 244 |  | 143960 |
|  Braskem Netherlands Finance BV<br>4.50%, 01/10/2028<sup>(a)</sup> |  | 8736 |  | 3703627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 10/15/2034<sup>(a)</sup> |  | 1215 |  | 468734 |
|  JSW Steel Ltd.<br>3.95%, 04/05/2027<sup>(a)</sup> |  | 3300 |  | 3240600 |
|  Periama Holdings LLC/DE<br>5.95%, 04/19/2026<sup>(a)</sup> |  | 2478 |  | 2486673 |
|  Sappi Papier Holding GmbH<br>4.50%, 03/15/2032<sup>(a)</sup> | EUR | 2522 |  | 2921316 |
|  Sasol Financing USA LLC<br>8.75%, 05/03/2029<sup>(a)</sup> | U.S.$| 5807 |  | 6026484 |
|  Stillwater Mining Co.<br>4.00%, 11/16/2026<sup>(a)</sup> |  | 5827 |  | 5757076 |
|  UPL Corp., Ltd.<br>4.625%, 06/16/2030<sup>(a)</sup> |  | 380 |  | 353799 |
|  |  |  |  | 26956049 |
|  **Capital Goods – 0.0%** |  |  |  |  |
|  Ambipar Lux SARL<br>10.875%, 02/05/2033<sup>(g)(h)(i)</sup> |  | 6320 |  | 1042800 |
|  **Communications - Telecommunications – 0.0%** |  |  |  |  |
|  Telecommunications co Telekom Srbija AD Belgrade<br>7.00%, 10/28/2029<sup>(a)</sup> |  | 1155 |  | 1171055 |
|  **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** |
|  BRF GmbH<br>4.35%, 09/29/2026<sup>(a)</sup> |  | 1475 |  | 1463156 |
|  Natura &Co Luxembourg Holdings SARL<br>4.125%, 05/03/2028<sup>(a)</sup> |  | 4122 |  | 3948647 |
|  |  |  |  | 5411803 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 69 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Energy – 0.2%** |  |  |  |
|  Ecopetrol SA<br>6.875%, 04/29/2030 | U.S.$| 1505 | $1542173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/19/2036 |  | 4254 | 4392255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 01/19/2029 |  | 2854 | 3098588 |
|  Gran Tierra Energy, Inc.<br>9.50%, 10/15/2029<sup>(a)</sup> |  | 5525 | 4663480 |
|  Greenko Dutch BV<br>3.85%, 03/29/2026 <sup>(a)</sup> |  | 346 | 342629 |
|  |  |  | 14039125 |
|  |  |  | 48620832 |
|  Utility – 0.3% |  |  |  |
|  **Electric – 0.2%** |  |  |  |
|  Diamond II Ltd.<br>7.95%, 07/28/2026<sup>(a)</sup> |  | 5305 | 5344941 |
|  Saavi Energia SARL<br>8.875%, 02/10/2035<sup>(a)</sup> |  | 5390 | 5803141 |
|  |  |  | 11148082 |
|  **Other Utility – 0.1%** |  |  |  |
|  Aegea Finance SARL<br>6.75%, 05/20/2029<sup>(a)</sup> |  | 5407 | 5516916 |
|  |  |  | 16664998 |
|  Total Emerging Markets - Corporate Bonds<br>(cost $75,740,540) |  |  | 65285830 |
|  LOCAL GOVERNMENTS - REGIONAL BONDS – 0.7% |  |  |  |
|  **Japan – 0.7%** |  |  |  |
|  Japan Finance Organization for Municipalities<br>Series G<br>0.05%, 02/12/2027<sup>(a)</sup> | EUR | 29930 | 34091411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 09/08/2027<sup>(a)</sup> |  | 9345 | 10974562 |
|  Total Local Governments - Regional Bonds<br>(cost $43,977,764) |  |  | 45065973 |
|  QUASI-SOVEREIGNS – 0.5% |  |  |  |
|  Quasi-Sovereign Bonds – 0.5% |  |  |  |
|  **Chile – 0.1%** |  |  |  |
|  Corp. Nacional del Cobre de Chile<br>3.75%, 01/15/2031<sup>(a)</sup> | U.S.$| 530 | 504189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/02/2033<sup>(a)</sup> |  | 211 | 211215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 01/08/2034<sup>(a)</sup> |  | 906 | 948356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.44%, 01/26/2036<sup>(a)</sup> |  | 520 | 562120 |
|  Empresa de Transporte de Pasajeros Metro SA<br>3.65%, 05/07/2030<sup>(a)</sup> |  | 370 | 361005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 05/07/2050<sup>(a)</sup> |  | 370 | 320799 |

---

---

| | |
|:---|:---|
| 70 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Empresa Nacional del Petroleo<br>5.95%, 07/30/2034<sup>(a)</sup> | U.S.$| 280 | $293387 |
|  |  |  | 3201071 |
|  **China – 0.0%** |  |  |  |
|  CNAC HK Finbridge Co., Ltd.<br>3.00%, 09/22/2030<sup>(a)</sup> |  | 540 | 506947 |
|  **Hong Kong – 0.0%** |  |  |  |
|  Airport Authority<br>2.10%, 03/08/2026<sup>(a)(b)</sup> |  | 250 | 246875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/12/2062<sup>(a)</sup> |  | 350 | 266675 |
|  |  |  | 513550 |
|  **Indonesia – 0.0%** |  |  |  |
|  Pertamina Persero PT<br>2.30%, 02/09/2031<sup>(a)</sup> |  | 570 | 505590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/25/2060<sup>(a)</sup> |  | 410 | 306270 |
|  Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<br>4.125%, 05/15/2027<sup>(a)</sup> |  | 460 | 458160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/24/2042<sup>(a)</sup> |  | 205 | 191368 |
|  |  |  | 1461388 |
|  **Kazakhstan – 0.0%** |  |  |  |
|  Development Bank of Kazakhstan JSC<br>5.25%, 10/23/2029<sup>(a)</sup> |  | 225 | 230625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/07/2030<sup>(a)</sup> |  | 240 | 248325 |
|  Fund of National Welfare Samruk-Kazyna JSC<br>2.00%, 10/28/2026<sup>(a)</sup> |  | 473 | 459699 |
|  |  |  | 938649 |
|  **Malaysia – 0.0%** |  |  |  |
|  Petronas Capital Ltd.<br>2.48%, 01/28/2032<sup>(a)</sup> |  | 1000 | 900085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 04/03/2035<sup>(a)</sup> |  | 500 | 520755 |
|  |  |  | 1420840 |
|  **Mexico – 0.1%** |  |  |  |
|  Banco Nacional de Comercio Exterior SNC/Cayman Islands<br>5.875%, 05/07/2030<sup>(a)</sup> |  | 340 | 352141 |
|  Comision Federal de Electricidad<br>3.35%, 02/09/2031<sup>(a)</sup> |  | 200 | 180800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 07/26/2033<sup>(a)</sup> |  | 200 | 176990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 05/15/2029<sup>(a)</sup> |  | 240 | 236429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 01/24/2030<sup>(a)</sup> |  | 310 | 314882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 01/24/2035<sup>(a)</sup> |  | 840 | 855969 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>5.00%, 09/29/2036<sup>(g)</sup> |  | 2861 | 2669628 |
|  Petroleos Mexicanos<br>6.50%, 03/13/2027 |  | 2782 | 2814689 |
|  |  |  | 7601528 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 71 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Panama – 0.0%** |  |  |  |
|  Banco Nacional de Panama<br>2.50%, 08/11/2030<sup>(a)</sup> | U.S.$| 200 | $174608 |
|  **Peru – 0.0%** |  |  |  |
|  Corp. Financiera de Desarrollo SA<br>5.95%, 04/30/2029<sup>(a)</sup> |  | 230 | 239682 |
|  **Poland – 0.0%** |  |  |  |
|  Bank Gospodarstwa Krajowego<br>5.375%, 05/22/2033<sup>(a)</sup> |  | 265 | 273446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/09/2054<sup>(a)</sup> |  | 655 | 680866 |
|  |  |  | 954312 |
|  **Qatar – 0.0%** |  |  |  |
|  QatarEnergy<br>2.25%, 07/12/2031<sup>(a)</sup> |  | 540 | 484963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 07/12/2051<sup>(a)</sup> |  | 500 | 352688 |
|  |  |  | 837651 |
|  **Saudi Arabia – 0.1%** |  |  |  |
|  Gaci First Investment Co.<br>4.875%, 02/14/2035<sup>(a)</sup> |  | 506 | 504882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/13/2027<sup>(a)</sup> |  | 430 | 434938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/14/2053<sup>(a)</sup> |  | 415 | 377644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/29/2054<sup>(a)</sup> |  | 1030 | 973293 |
|  |  |  | 2290757 |
|  **South Africa – 0.1%** |  |  |  |
|  Transnet/South Africa<br>8.25%, 02/06/2028<sup>(a)</sup> |  | 7645 | 8058747 |
|  **United Arab Emirates – 0.1%** |  |  |  |
|  Abu Dhabi Crude Oil Pipeline LLC<br>4.60%, 11/02/2047<sup>(a)</sup> |  | 540 | 500008 |
|  Abu Dhabi Ports Co. PJSC<br>Series E<br>2.50%, 05/06/2031<sup>(a)</sup> |  | 280 | 253159 |
|  DP World Crescent Ltd.<br>5.50%, 05/08/2035<sup>(a)</sup> |  | 390 | 405956 |
|  MDGH GMTN RSC Ltd.<br>3.70%, 11/07/2049<sup>(a)</sup> |  | 520 | 395525 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>2.50%, 06/03/2031<sup>(a)</sup> |  | 690 | 626389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 03/28/2032<sup>(a)</sup> |  | 260 | 244806 |
|  |  |  | 2425843 |
|  Total Quasi-Sovereigns<br>(cost $30,722,888) |  |  | 30625573 |

---

---

| | |
|:---|:---|
| 72 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  BANK LOANS – 0.4% |  |  |  |
|  Industrial – 0.4% |  |  |  |
|  **Capital Goods – 0.1%** |  |  |  |
|  Quikrete Holdings, Inc.<br>6.41% (CME Term SOFR 1 Month + 2.25%),<br>03/19/2029<sup>(j)</sup> | U.S.$| 3880 | $3881312 |
|  **Consumer Cyclical - Other – 0.1%** |  |  |  |
|  Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.<br>6.16% (CME Term SOFR 1 Month + 2.00%),<br>08/02/2028<sup>(j)</sup> |  | 5690 | 5680501 |
|  **Consumer Cyclical - Restaurants – 0.0%** |  |  |  |
|  IRB Holding Corp.<br>6.66% (CME Term SOFR 1 Month + 2.50%),<br>12/15/2027<sup>(j)</sup> |  | 1075 | 1075399 |
|  **Consumer Non-Cyclical – 0.2%** |  |  |  |
|  Hertz Corp. (The)<br>06/30/2028<sup>(k)</sup> |  | 10476 | 9385864 |
|  Opal Bidco SAS<br>7.54% (CME Term SOFR 3 Month + 3.25%),<br>04/28/2032<sup>(j)</sup> |  | 3329 | 3335658 |
|  |  |  | 12721522 |
|  **Technology – 0.0%** |  |  |  |
|  MKS Instruments, Inc.<br>6.17% (CME Term SOFR 1 Month + 2.00%),<br>08/17/2029<sup>(j)</sup> |  | 2601 | 2597823 |
|  Total Bank Loans<br>(cost $25,768,797) |  |  | 25956557 |
|  EMERGING MARKETS - SOVEREIGNS – 0.3% |  |  |  |
|  **Dominican Republic – 0.1%** |  |  |  |
|  Dominican Republic International Bond<br>5.95%, 01/25/2027<sup>(a)</sup> |  | 7003 | 7126463 |
|  **Mexico – 0.2%** |  |  |  |
|  Eagle Funding Luxco SARL<br>5.50%, 08/17/2030<sup>(a)</sup> |  | 14545 | 14770447 |
|  Total Emerging Markets - Sovereigns<br>(cost $21,445,511) |  |  | 21896910 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 73 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  LOCAL GOVERNMENTS - PROVINCIAL BONDS – 0.3% |  |  |  |
|  **Canada – 0.3%** |  |  |  |
|  Hydro Quebec Interest Strip<br>Zero Coupon, 02/15/2042 | CAD | 5631 | $1947824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/2042 |  | 5631 | 1891945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/2044 |  | 5631 | 1751907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/2044 |  | 5631 | 1708518 |
|  Province of Ontario Generic Coupon Strip<br>Zero Coupon, 06/02/2039 |  | 5669 | 2278856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/02/2042 |  | 5669 | 1936007 |
|  Province of Quebec Canada<br>4.40%, 12/01/2055 |  | 13226 | 9395101 |
|  Total Local Governments - Provincial Bonds<br>(cost $21,117,794) |  |  | 20910158 |
|  LOCAL GOVERNMENTS - US MUNICIPAL BONDS – 0.3% |  |  |  |
|  **United States – 0.3%** |  |  |  |
|  California Earthquake Authority<br>Series 2022-A<br>5.60%, 07/01/2027 | U.S.$| 3210 | 3251753 |
|  Commonwealth Financing Authority<br>Series 2016-A<br>4.14%, 06/01/2038 |  | 2640 | 2494849 |
|  State Board of Administration Finance Corp.<br>Series 2020-A<br>2.15%, 07/01/2030 |  | 7016 | 6418519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.53%, 07/01/2034 |  | 4802 | 5003071 |
|  State of Hawaii<br>Series 2023-G<br>5.25%, 10/01/2029 |  | 1640 | 1725640 |
|  Total Local Governments - US Municipal Bonds<br>(cost $18,344,550) |  |  | 18893832 |
|  LOCAL GOVERNMENTS - CANADIAN MUNICIPAL BONDS – 0.0% |  |  |  |
|  **Canada – 0.0%** |  |  |  |
|  City of Calgary Canada<br>4.20%, 06/01/2034<br>(cost $2,561,995) |  | 3456 | 2585057 |
|  |  | **Shares** |  |
|  COMMON STOCKS – 0.0% |  |  |  |
|  Energy – 0.0% |  |  |  |
|  **Oil, Gas & Consumable Fuels – 0.0%** |  |  |  |
|  SandRidge Energy, Inc.<br>(cost $1,387,701) |  | 4459 | 50298 |

---

---

| | |
|:---|:---|
| 74 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** |  | **U.S. $ Value** |
|  EMERGING MARKETS - TREASURIES – 0.0% |  |  |  |  |
|  **South Africa – 0.0%** |  |  |  |  |
|  Republic of South Africa Government Bond<br>Series 2030<br>8.00%, 01/31/2030<br>(cost $1) | U.S.$| 0 | \*\* | $1 |
|  SHORT-TERM INVESTMENTS – 5.0% |  |  |  |  |
|  Treasury Bills – 2.6% |  |  |  |  |
|  **United States – 2.5%** |  |  |  |  |
|  U.S. Treasury Bill<br>Zero Coupon, 12/11/2025 |  | 162207200 |  | 160973955 |
|  **France – 0.1%** |  |  |  |  |
|  France Treasury Bill BTF<br>Series 28W<br>Zero Coupon, 11/19/2025<sup>(a)</sup> |  | 2720000 |  | 3184988 |
|  Total Treasury Bills<br>(cost $164,119,563) |  |  |  | 164158943 |
|  |  | **Shares** |  |  |
|  **Investment Companies – 1.8%** |  |  |  |  |
|  AB Fixed Income Shares, Inc. – Government<br>Money Market Portfolio – Class AB, 3.97%<sup>(l)(m)(n)</sup><br>(cost $117,693,012) |  | 117693012 |  | 117693012 |
|  |  | **Principal<br>Amount<br>(000)** |  |  |
|  **Time Deposits – 0.6%** |  |  |  |  |
|  BBH, New York<br>1.49%, 10/01/2025 | NZD | 0 | \*\* | 273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.64%, 10/01/2025 | NOK | 4 |  | 401 |
|  Citibank, London<br>0.79%, 10/01/2025 | EUR | 2424 |  | 2845837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 10/01/2025 | GBP | 66 |  | 89121 |
|  Citibank, New York<br>3.44%, 10/01/2025 | U.S.$| 35192 |  | 35191911 |
|  Royal Bank of Canada, Toronto<br>1.33%, 10/01/2025 | CAD | 143 |  | 102681 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 75 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  SMBC, Tokyo<br>0.12%, 10/01/2025 | JPY | 73611 | $497759 |
|  Total Time Deposits<br>(cost $38,727,983) |  |  | 38727983 |
|  Total Short-Term Investments<br>(cost $320,540,558) |  |  | 320579938 |
|  Total Investments – 111.8%<br>(cost $7,261,384,404) |  |  | 7232074084 |
|  Other assets less liabilities – (11.8)% |  |  | (762442113) |
|  **Net Assets – 100.0%** |  |  | $**6469631971** |

---

#### FUTURES (see Note D)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Purchased Contracts** |  |  |  |  |
|  Australian 10 Yr Bond Futures | 1178 | December 2025 | $88355629 | $(201381) |
|  Canadian 5 Yr Bond Futures | 17 | December 2025 | 1408666 | 18079 |
|  Canadian 10 Yr Bond Futures | 5 | December 2025 | 439966 | 9772 |
|  Euro Buxl 30 Yr Bond Futures | 221 | December 2025 | 29703558 | 653829 |
|  Euro-BOBL Futures | 1057 | December 2025 | 146198773 | 39436 |
|  Euro-BTP Futures | 559 | December 2025 | 78650266 | 853170 |
|  Euro-Bund Futures | 7 | December 2025 | 1056633 | 1773 |
|  Euro-Schatz Futures | 24 | December 2025 | 3014397 | (2043) |
|  Long Gilt Futures | 9 | December 2025 | 1099536 | 3147 |
|  U.S. Long Bond (CBT) Futures | 124 | December 2025 | 14457625 | 318156 |
|  U.S. T-Note 2 Yr (CBT) Futures | 4260 | December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887777346 | 290463 |
|  U.S. T-Note 5 Yr (CBT) Futures | 3543 | December 2025 | 386878994 | 506713 |
|  U.S. Ultra Bond (CBT) Futures | 53 | December 2025 | 6363313 | 103188 |
|  **Sold Contracts** |  |  |  |  |
|  Canadian 10 Yr Bond Futures | 1646 | December 2025 | 144836646 | (3216584) |
|  Euro-BOBL Futures | 28 | December 2025 | 3872815 | 1538 |
|  Euro-Bund Futures | 1349 | December 2025 | 203628321 | (512943) |
|  Euro-Schatz Futures | 137 | December 2025 | 17207182 | 15222 |
|  Japan 10 Yr Bond (OSE) Futures | 36 | December 2025 | 33055685 | 213612 |
|  U.S. 10 Yr Ultra Futures | 2657 | December 2025 | 305762578 | (2183578) |
|  U.S. T-Note 2 Yr (CBT) Futures | 3 | December 2025 | 625195 | 8 |
|  U.S. T-Note 10 Yr (CBT) Futures | 19 | December 2025 | 2137500 | 3656 |
|  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3084767) |

---

---

| | |
|:---|:---|
| 76 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

#### FORWARD CURRENCY EXCHANGE CONTRACTS (see Note D)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver<br>(000)** | **Contracts to<br>Deliver<br>(000)** | **In Exchange<br>For<br>(000)** | **In Exchange<br>For<br>(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  Bank of America NA | EUR | 13409 | USD | 15626 | 10/08/2025 | $(122264) |
|  Bank of America NA | USD | 3549 | KRW | 4901417 | 10/14/2025 | (56642) |
|  Bank of America NA | EUR | 5398 | USD | 6321 | 10/16/2025 | (21582) |
|  Bank of America NA | USD | 95745 | CNH | 680185 | 10/17/2025 | (214712) |
|  Bank of America NA | IDR | 273828802 | USD | 16418 | 10/24/2025 | 11514 |
|  Bank of America NA | CAD | 199617 | USD | 144661 | 11/14/2025 | 920421 |
|  Bank of America NA | USD | 1059 | EUR | 904 | 11/21/2025 | 5991 |
|  Bank of America NA | GBP | 119867 | USD | 163841 | 12/05/2025 | 2609012 |
|  Bank of New York Mellon Corp. (The) | EUR | 14741 | USD | 17300 | 10/16/2025 | (22294) |
|  Barclays Bank PLC | BRL | 11275 | USD | 2107 | 10/02/2025 | (11327) |
|  Barclays Bank PLC | USD | 2120 | BRL | 11275 | 10/02/2025 | (1454) |
|  Barclays Bank PLC | PLN | 260924 | USD | 71859 | 10/17/2025 | 87051 |
|  Barclays Bank PLC | IDR | 289464223 | USD | 17732 | 10/24/2025 | 388656 |
|  Barclays Bank PLC | USD | 2091 | BRL | 11275 | 11/04/2025 | 9670 |
|  BNP Paribas SA | EUR | 8667 | USD | 10221 | 10/08/2025 | 41409 |
|  Brown Brothers Harriman & Co. | JPY | 65274 | USD | 446 | 10/30/2025 | 3020 |
|  Brown Brothers Harriman & Co. | USD | 131359 | JPY | 19230341 | 10/30/2025 | (902252) |
|  Brown Brothers Harriman & Co. | AUD | 647 | USD | 420 | 11/07/2025 | (8553) |
|  Brown Brothers Harriman & Co. | CAD | 275 | USD | 200 | 11/14/2025 | 2477 |
|  Brown Brothers Harriman & Co. | EUR | 335 | USD | 394 | 11/21/2025 | 367 |
|  Brown Brothers Harriman & Co. | EUR | 1135 | USD | 1336 | 11/21/2025 | (932) |
|  Brown Brothers Harriman & Co. | USD | 1392 | EUR | 1187 | 11/21/2025 | 5897 |
|  Brown Brothers Harriman & Co. | USD | 373 | EUR | 314 | 11/21/2025 | (2484) |
|  Citibank NA | BRL | 76655 | USD | 14402 | 10/02/2025 | (677) |
|  Citibank NA | USD | 14413 | BRL | 76655 | 10/02/2025 | (9884) |
|  Citibank NA | KRW | 91236672 | USD | 66748 | 10/14/2025 | 1741118 |
|  Citibank NA | CNH | 2311328 | USD | 322069 | 10/16/2025 | (2528618) |
|  Citibank NA | IDR | 195510432 | USD | 11956 | 10/24/2025 | 241268 |
|  Goldman Sachs Bank USA | MXN | 747737 | USD | 40520 | 10/16/2025 | (247223) |
|  Goldman Sachs Bank USA | HUF | 16552312 | USD | 49887 | 11/19/2025 | 211955 |
|  Goldman Sachs Bank USA | MYR | 146739 | USD | 34834 | 11/21/2025 | (71817) |
|  HSBC Bank USA | MXN | 1718009 | USD | 93455 | 10/16/2025 | (211496) |
|  HSBC Bank USA | JPY | 39690359 | USD | 267861 | 10/17/2025 | (979424) |
|  HSBC Bank USA | USD | 1058 | EUR | 895 | 11/21/2025 | (4472) |
|  JPMorgan Chase Bank NA | BRL | 87930 | USD | 16533 | 10/02/2025 | 11338 |
|  JPMorgan Chase Bank NA | USD | 16571 | BRL | 87930 | 10/02/2025 | (49348) |
|  JPMorgan Chase Bank NA | EUR | 685892 | USD | 809989 | 10/16/2025 | 4000521 |
|  JPMorgan Chase Bank NA | GBP | 174871 | USD | 235358 | 10/17/2025 | 153072 |
|  JPMorgan Chase Bank NA | HUF | 6153862 | USD | 18406 | 11/19/2025 | (62024) |
|  Morgan Stanley Capital Services LLC | AUD | 209369 | USD | 138373 | 10/16/2025 | (195517) |
|  Morgan Stanley Capital Services LLC | MXN | 720022 | USD | 39226 | 10/16/2025 | (29761) |
|  Morgan Stanley Capital Services LLC | USD | 7239 | MXN | 132965 | 10/16/2025 | 9826 |
|  Morgan Stanley Capital Services LLC | USD | 14935 | ZAR | 258781 | 10/16/2025 | 34213 |
|  Morgan Stanley Capital Services LLC | CAD | 149626 | USD | 107970 | 10/17/2025 | 374192 |
|  Morgan Stanley Capital Services LLC | JPY | 62935661 | USD | 429836 | 10/30/2025 | 2885292 |
|  Morgan Stanley Capital Services LLC | EUR | 11476 | USD | 13540 | 11/21/2025 | 25999 |
|  Morgan Stanley Capital Services LLC | EUR | 1798 | USD | 2109 | 11/21/2025 | (8471) |
|  Societe Generale | EUR | 580086 | USD | 684475 | 11/21/2025 | 1374546 |
|  Standard Chartered Bank | KRW | 10070457 | USD | 7306 | 10/14/2025 | 130342 |
|  UBS AG | PEN | 23646 | USD | 6801 | 11/13/2025 | (1311) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9514628 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 77 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

#### CENTRALLY CLEARED CREDIT DEFAULT SWAPS (see Note D)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>September 30,<br>2025** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Buy Contracts** |  |  |  |  |  |  |  |  |
|  iTraxx Australia Series 44,<br>5 Year Index, 12/20/2030\* | 1.00% | Quarterly | 0.66% | USD | 55700 | $(914608) | $(891809) | $(22799) |
|  **Sale Contracts** |  |  |  |  |  |  |  |  |
|  CDX-NAIG Series 45,<br>5 Year Index,12/20/2030\* | 1.00 | Quarterly | 0.52 | USD | 55700 | 1280426 | 1276069 | 4357 |
|  |  |  |  |  |  | $365818 | $384260 | $(18442) |

---

\* Termination date

#### CENTRALLY CLEARED INTEREST RATE SWAPS (see Note D)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** |<br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| CNY | 223010 | 02/20/2030 | China 7-Day<br>Reverse Repo Rate | 1.602% | Quarterly | $(58391) | $– 0 | $(58391) |
| CNY | 428453 | 04/03/2030 | China 7-Day<br>Reverse Repo Rate | 1.591% | Quarterly | (131072) | – 0 | (131072) |
| CNY | 396687 | 04/03/2030 | China 7-Day<br>Reverse Repo Rate | 1.583% | Quarterly | (141804) | – 0 | (141804) |
| CNY | 365530 | 07/21/2030 | China 7-Day<br>Reverse Repo Rate | 1.530% | Quarterly | (301715) | – 0 | (301715) |
| CNY | 441560 | 07/28/2030 | China 7-Day<br>Reverse Repo Rate | 1.591% | Quarterly | (183854) | 12005 | (195859) |
| NZD | 75120 | 03/18/2035 | 3 Month BKBM | 4.153% | Quarterly/ Semi-Annual | 1792194 | – 0 | 1792194 |
| NZD | 38130 | 03/18/2035 | 3 Month BKBM | 4.155% | Quarterly/ Semi-Annual | 914212 | – 0 | 914212 |
|  |  |  |  |  |  | $1889570 | $12005 | $1877565 |

---

#### REVERSE REPURCHASE AGREEMENTS (see Note D)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Broker** | **Currency** | **Principal<br>Amount<br>(000)** | **Interest<br>Rate** | **Maturity** | **U.S. $Value at<br>September 30,<br>2025** |
|  Jefferies LLC<sup>†</sup> | USD | 143 | 1.50% | – $| 143165 |

---

<sup>†</sup> The reverse repurchase agreement matures on demand. Interest rate resets daily and the rate shown is the rate in effect on September 30, 2025.

The type of underlying collateral and the remaining maturity of open reverse repurchase agreements on statements of assets and liabilities is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Overnight and<br>Continuous** | **Up to 30 Days** | **31-90 Days** | **Greater than<br>90 Days** | **Total** |
|  Emerging Markets – Corporate Bonds | $143165 | $– 0 – $| – 0 – $| – 0 – $| 143165 |

---

\*\* Principal amount less than 500. 

---

| | |
|:---|:---|
| 78 AB Global Bond Fund | **ABFunds.com** |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

(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 September 30, 2025, the aggregate market value of these securities amounted to $3,395,735,412 or 52.49% of net assets.

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

(c) Floating Rate Security. Stated interest/floor/ceiling rate was in effect at September 30, 2025.

(d) Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at September 30, 2025.

(e) 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 September 30, 2025.

(f) Position, or a portion thereof, has been segregated to collateralize reverse repurchase agreements.

(g) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.06% of net assets as of September 30, 2025, are considered illiquid and restricted. Additional information regarding such securities follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | **Market<br>Value** | **Percentage of<br>Net Assets** |
|  Ambipar Lux SARL<br>10.875%, 02/05/2033 | 01/28/2025 -<br> 02/07/2025 | $6320000 | $1042800 | 0.02% |
|  Comision Federal de Electricidad<br>Series E<br>5.00%, 09/29/2036 | 06/23/2021 | 2954186 | 2669628 | 0.04% |

---

(h) Defaulted.

(i) Non-income producing security.

(j) 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 September 30, 2025.

(k) 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.

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

(m) To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.

(n) Affiliated investments.

Currency Abbreviations:

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CNH – Chinese Yuan Renminbi (Offshore)

CNY – Chinese Yuan Renminbi

EUR – Euro

GBP – Great British Pound

HUF – Hungarian Forint

IDR – Indonesian Rupiah

JPY – Japanese Yen

KRW – South Korean Won

MXN – Mexican Peso

MYR – Malaysian Ringgit

NOK – Norwegian Krone

NZD – New Zealand Dollar

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 79 |

---

------

**PORTFOLIO OF INVESTMENTS** (continued)

PEN – Peruvian Sol

PLN – Polish Zloty

USD – United States Dollar

ZAR – South African Rand

Glossary:

ABS – Asset-Backed Securities

BKBM – Bank Bill Reference Rate (New Zealand)

BOBL – Bundesobligationen

BTP – Buoni del Tesoro Poliennali

CBT – Chicago Board of Trade

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

CLO – Collateralized Loan Obligations

CMBS – Commercial Mortgage-Backed Securities

CME – Chicago Mercantile Exchange

GMTN – Global Medium Term Note

JSC – Joint Stock Company

MTN – Medium Term Note

OAT – Obligations Assimilables du Trésor

OSE – Osaka Securities Exchange

REIT – Real Estate Investment Trust

PJSC – Public Joint Stock Company

SOFR – Secured Overnight Financing Rate

TBA – To Be Announced

See notes to financial statements.

---

| | |
|:---|:---|
| 80 AB Global Bond Fund | **ABFunds.com** |

---

------

#### STATEMENT OF ASSETS & LIABILITIES

#### September 30, 2025

---

| | |
|:---|:---|
| Assets |  |
|  Investments in securities, at value |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated issuers (cost $7,143,691,392) | $7114381072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated issuers (cost $117,693,012) | 117693012 |
|  Cash | 11994 |
|  Cash collateral due from broker | 25623272 |
|  Foreign currencies, at value (cost $7,354,485) | 7403418 |
|  Receivable for investment securities sold and foreign currency transactions | 297418943 |
|  Unaffiliated interest receivable | 57786912 |
|  Unrealized appreciation on forward currency exchange contracts | 15279167 |
|  Receivable for capital stock sold | 4631609 |
|  Receivable for variation margin on futures | 823867 |
|  Affiliated dividends receivable | 355240 |
|  Receivable for variation margin on centrally cleared swaps | 317471 |
|  Receivable due from Adviser | 20229 |
|  Total assets | 7641746206 |
| Liabilities |  |
|  Payable for investment securities purchased | 1148135364 |
|  Cash collateral due to broker | 7320000 |
|  Unrealized depreciation on forward currency exchange contracts | 5764539 |
|  Payable for capital stock redeemed | 4276985 |
|  Dividends payable | 2478185 |
|  Advisory fee payable | 2344117 |
|  Payable for capital gains taxes | 591530 |
|  Payable for reverse repurchase agreements | 143165 |
|  Transfer Agent fee payable | 116467 |
|  Administrative fee payable | 67688 |
|  Distribution fee payable | 58693 |
|  Directors' fee payable | 4318 |
|  Accrued expenses | 813184 |
|  Total liabilities | 1172114235 |
|  Net Assets | $**6469631971** |
| Composition of Net Assets |  |
|  Capital stock, at par | $925904 |
|  Additional paid-in capital | 7353188446 |
|  Accumulated loss | (884482379) |
|  | $**6469631971** |

---

Net Asset Value Per Share—27 billion shares of capital stock authorized, $.001 par value

---

| | | | |
|:---|:---|:---|:---|
| **Class** | **Net Assets** | **Shares<br>Outstanding** | **Net Asset<br>Value** |
| A | $266014856 | 38027297 | $7.00 \* |
| C | $7228398 | 1029908 | $7.02 |
| Advisor | $4237759116 | 606418388 | $6.99 |
| I | $618881589 | 88617605 | $6.98 |
| Z | $1339748012 | 191811024 | $6.98 |

---

\* The maximum offering price per share for Class A shares was $7.31, which reflects a sales charge of 4.25%. 

See notes to financial statements.

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 81 |

---

------

#### STATEMENT OF OPERATIONS

#### Year Ended September 30, 2025

---

| | | |
|:---|:---|:---|
| Investment Income |  |  |
|  Interest (net of foreign taxes withheld of $846,945) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238575537 |  |
|  Dividends |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated issuers | 3837697 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated issuers | 363528 |  |
|  Other income<sup>(a)</sup> | 3709049 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246485811 |
| Expenses |  |  |
|  Advisory fee (see Note B) | 27280176 |  |
|  Transfer agency—Class A | 116617 |  |
|  Transfer agency—Class C | 3461 |  |
|  Transfer agency—Advisor Class | 1636664 |  |
|  Transfer agency—Class I | 350446 |  |
|  Transfer agency—Class Z | 208721 |  |
|  Distribution fee—Class A | 709556 |  |
|  Distribution fee—Class C | 78180 |  |
|  Custody and accounting | 821813 |  |
|  Registration fees | 259113 |  |
|  Printing | 160106 |  |
|  Administrative | 141524 |  |
|  Audit and tax | 129777 |  |
|  Legal | 99130 |  |
|  Directors' fees | 75395 |  |
|  Miscellaneous | 125230 |  |
|  Total expenses before interest expense | 32195909 |  |
|  Interest expense | 65867 |  |
|  Total expenses | 32261776 |  |
|  Less: expenses waived and reimbursed by the Adviser (see Note B) | (194092) |  |
|  Net expenses |  | 32067684 |
|  Net investment income |  | 214418127 |
| Realized and Unrealized Gain (Loss) on Investment and Foreign Currency Transactions |  |  |
|  Net realized gain (loss) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment transactions<sup>(b)</sup> |  | (50979642) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency exchange contracts |  | (612648) |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures |  | 12356966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swaps |  | 811941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency transactions |  | (23351557) |
|  Net change in unrealized appreciation (depreciation) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments<sup>(c)</sup> |  | (19697884) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency exchange contracts |  | 46187634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures |  | (2140813) |
| &nbsp;&nbsp;&nbsp;&nbsp; Swaps |  | 2838974 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated assets and liabilities |  | 348927 |
|  Net loss on investment and foreign currency transactions |  | (34238102) |
|  **Net Increase in Net Assets from Operations** |  | $**180180025** |

---

(a) Other income includes a non-recurring reimbursement for overpayment of prior years' omnibus account services, sub-accounting services and related transfer agency expenses (see Note B).

(b) Net of foreign realized capital gains taxes of $43,759.

(c) Net of decrease in accrued foreign capital gains taxes on unrealized gains of $38,921.

See notes to financial statements.

---

| | |
|:---|:---|
| 82 AB Global Bond Fund | **ABFunds.com** |

---

------

#### STATEMENT OF CHANGES IN NET ASSETS

---

| | | |
|:---|:---|:---|
|  | **Year Ended**<br>**September 30,**<br>**2025** | **Year Ended**<br>**September 30,**<br>**2024** |
| Increase (Decrease) in Net Assets from Operations |  |  |
|  Net investment income | $214418127 | $205028285 |
|  Net realized loss on investment and foreign currency transactions | (61774940) | (53727627) |
|  Net change in unrealized appreciation (depreciation) on investments and foreign currency denominated assets and liabilities | 27536838 | 438975931 |
|  Contributions from Affiliates (see Note B) | – 0 | 317 |
|  Net increase in net assets from operations | 180180025 | 590276906 |
| Distributions to Shareholders |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Class A | (9376017) | (1959807) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class C | (199715) | (52513) |
| &nbsp;&nbsp;&nbsp;&nbsp; Advisor Class | (143366976) | (24801891) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class R | – 0 | (96327) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class K | – 0 | (26491) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class I | (21809834) | (4217577) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class Z | (33477589) | (5179839) |
|  Return of Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Class A | (235040) | (9156363) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class C | (5006) | (245346) |
| &nbsp;&nbsp;&nbsp;&nbsp; Advisor Class | (3593936) | (115876231) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class R | – 0 | (450046) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class K | – 0 | (123767) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class I | (546731) | (19704826) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class Z | (839219) | (24200583) |
| Capital Stock Transactions |  |  |
|  Net increase | 679381459 | 18738909 |
|  Total increase | 646111421 | 402924208 |
| Net Assets |  |  |
|  Beginning of period | 5823520550 | 5420596342 |
|  End of period | $**6469631971** | $**5823520550** |

---

See notes to financial statements.

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 83 |

---

------

#### NOTES TO FINANCIAL STATEMENTS

#### September 30, 2025
NOTE A

Significant Accounting Policies

AB Global Bond Fund, Inc. (the "Fund") is organized as a Maryland corporation and is registered under the Investment Company Act of 1940 (the "1940 Act") as a diversified, open-end management investment company. The Fund offers Class A, Class C, Advisor Class, Class I and Class Z shares. Class B, Class K, Class R and Class T shares have been authorized but currently are not offered. Effective May 20, 2024, Class R and Class K were liquidated. Class A shares are sold with a front-end sales charge of up to 4.25% for purchases not exceeding $1,000,000. With respect to purchases of $1,000,000 or more, Class A shares redeemed within one year of purchase may be subject to a contingent deferred sales charge of 1%. Class C shares are subject to a contingent deferred sales charge of 1% on redemptions made within the first year after purchase, and 0% after the first year of purchase. Class C shares automatically convert to Class A shares eight years after the end of the calendar month of purchase. Advisor Class, Class I and Class Z shares are sold without an initial or contingent deferred sales charge and are not subject to ongoing distribution expenses. All nine classes of shares have identical voting, dividend, liquidation and other rights, except that the classes bear different distribution and transfer agency expenses. Each class has exclusive voting rights with respect to its distribution plan. The financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("U.S. GAAP"), which require management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements and amounts of income and expenses during the reporting period. Actual results could differ from those estimates. The Fund is an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. The following is a summary of significant accounting policies followed by the Fund.

1. Security Valuation

Portfolio securities are valued at market value determined on the basis of market quotations or, if market quotations are not readily available or are unreliable, at "fair value" as determined in accordance with procedures approved by and under the oversight of the Fund's Board of Directors (the "Board"). Pursuant to these procedures, AllianceBernstein L.P. (the "Adviser") serves as the Fund's valuation designee pursuant to Rule 2a-5 of the 1940 Act. In this capacity, the Adviser is responsible, among other things, for making all fair value determinations relating to the Fund's portfolio investments, subject to the Board's oversight.

In general, the market values of securities which are readily available and deemed reliable are determined as follows: securities listed on a national securities exchange (other than securities listed on the NASDAQ Stock Market, Inc. ("NASDAQ")) or on a foreign securities exchange are valued at the last sale price at the close of the exchange or foreign securities exchange. If there has been no

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| | |
|:---|:---|
| 84 AB Global Bond Fund | **ABFunds.com** |

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------

**NOTES TO FINANCIAL STATEMENTS** (continued)

sale on such day, the securities are valued at the last traded price from the previous day. Securities listed on more than one exchange are valued by reference to the principal exchange on which the securities are traded; securities listed only on NASDAQ are valued in accordance with the NASDAQ Official Closing Price; listed or over the counter ("OTC") market put or call options are valued at the mid level between the current bid and ask prices. If either a current bid or current ask price is unavailable, the Adviser will have discretion to determine the best valuation (e.g., last trade price in the case of listed options); open futures are valued using the closing settlement price or, in the absence of such a price, the most recent quoted bid price. If there are no quotations available for the day of valuation, the last available closing settlement price is used; U.S. Government securities and any other debt instruments having 60 days or less remaining until maturity are generally valued at market by an independent pricing vendor, if a market price is available. If a market price is not available, the securities are valued at amortized cost. This methodology is commonly used for short-term securities that have an original maturity of 60 days or less, as well as short-term securities that had an original term to maturity that exceeded 60 days. In instances when amortized cost is utilized, the Valuation Committee (the "Committee") must reasonably conclude that the utilization of amortized cost is approximately the same as the fair value of the security. Factors the Committee will consider include, but are not limited to, an impairment of the creditworthiness of the issuer or material changes in interest rates. Fixed-income securities, including mortgage-backed and asset-backed securities, may be valued on the basis of prices provided by a pricing service or at a price obtained from one or more of the major broker-dealers. In cases where broker-dealer quotes are obtained, the Adviser may establish procedures whereby changes in market yields or spreads are used to adjust, on a daily basis, a recently obtained quoted price on a security. Swaps and other derivatives are valued daily, primarily using independent pricing services, independent pricing models using market inputs, as well as third party broker-dealers or counterparties. Open-end mutual funds are valued at the closing net asset value per share, while exchange traded funds are valued at the closing market price per share.

Securities for which market quotations are not readily available (including restricted securities) or are deemed unreliable are valued at fair value as deemed appropriate by the Adviser. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, analysis of the issuer's financial statements or other available documents. In addition, the Fund may use fair value pricing for securities primarily traded in non-U.S. markets because most foreign markets close well before the Fund values its securities at 4:00 p.m., Eastern Time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund generally values many

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 85 |

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------

**NOTES TO FINANCIAL STATEMENTS** (continued)

of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available.

2. Fair Value Measurements

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 as described in Note A.1 above). 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 are 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.

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, such as another publicly traded security, the investment will be classified as Level 2. If management

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| | |
|:---|:---|
| 86 AB Global Bond Fund | **ABFunds.com** |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

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 a 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.

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.

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 87 |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of September 30, 2025:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in**<br> **Securities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  **Assets:** |  |  |  |  |
|  Governments – Treasuries | $– 0 | $2752169092 | $– 0 | $2752169092 |
|  Corporates – Investment Grade | – 0 | 1534402452 | – 0 | 1534402452 |
|  Mortgage Pass-Throughs | – 0 | 897352929 | – 0 | 897352929 |
|  Collateralized Mortgage Obligations | – 0 | 250021115 | – 0 | 250021115 |
|  Collateralized Loan Obligations | – 0 | 215485175 | – 0 | 215485175 |
|  Commercial Mortgage-Backed Securities | – 0 | 198983486 | – 0 | 198983486 |
|  Covered Bonds | – 0 | 176312074 | – 0 | 176312074 |
|  Asset-Backed Securities | – 0 | 167264371 | – 0 | 167264371 |
|  Corporates – Non-Investment Grade | – 0 | 139797437 | – 0 | 139797437 |
|  Inflation-Linked Securities | – 0 | 114685490 | – 0 | 114685490 |
|  Governments – Sovereign Agencies | – 0 | 88058013 | – 0 | 88058013 |
|  Governments – Sovereign Bonds | – 0 | 73352863 | – 0 | 73352863 |
|  Supranationals | – 0 | 72339460 | – 0 | 72339460 |
|  Emerging Markets – Corporate Bonds | – 0 | 65285830 | – 0 | 65285830 |
|  Local Governments – Regional Bonds | – 0 | 45065973 | – 0 | 45065973 |
|  Quasi-Sovereigns | – 0 | 30625573 | – 0 | 30625573 |
|  Bank Loans | – 0 | 25956557 | – 0 | 25956557 |
|  Emerging Markets – Sovereigns | – 0 | 21896910 | – 0 | 21896910 |
|  Local Governments – Provincial Bonds | – 0 | 20910158 | – 0 | 20910158 |
|  Local Governments – US Municipal Bonds | – 0 | 18893832 | – 0 | 18893832 |
|  Local Governments – Canadian Municipal Bonds | – 0 | 2585057 | – 0 | 2585057 |
|  Common Stocks | 50298 | – 0 | – 0 | 50298 |
|  Emerging Markets – Treasuries | – 0 | 1 | – 0 | 1 |
|  Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Treasury Bills | – 0 | 164158943 | – 0 | 164158943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | 117693012 | – 0 | – 0 | 117693012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 38727983 | – 0 | – 0 | 38727983 |
|  Total Investments in Securities | 156471293 | 7075602791 | – 0 | 7232074084 |

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| | |
|:---|:---|
| 88 AB Global Bond Fund | **ABFunds.com** |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in**<br> **Securities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  **Other Financial Instruments\*:** |  |  |  |  |
|  **Assets** |  |  |  |  |
|  Futures | $3031762 | $– 0 | $– 0 | $3031762 |
|  Forward Currency Exchange Contracts | – 0 | 15279167 | – 0 | 15279167 |
|  Centrally Cleared Credit Default Swaps | – 0 | 1280426 | – 0 | 1280426 |
|  Centrally Cleared Interest Rate Swaps | – 0 | 2706406 | – 0 | 2706406 |
|  **Liabilities** |  |  |  |  |
|  Futures | (6116529) | – 0 | – 0 | (6116529) |
|  Forward Currency Exchange Contracts | – 0 | (5764539) | – 0 | (5764539) |
|  Centrally Cleared Credit Default Swaps | – 0 | (914608) | – 0 | (914608) |
|  Centrally Cleared Interest Rate Swaps | – 0 | (816836) | – 0 | (816836) |
|  **Total** | $**153386526** | $**7087372807** | $**– 0** | $**7240759333** |

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\* Other financial instruments include 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. 

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| | |
|:---|:---|
| <sup>†</sup> | Only variation margin receivable (payable) at period end is reported within the statement of assets and liabilities. This amount reflects cumulative unrealized appreciation (depreciation) on futures and centrally cleared swaps as reported in the portfolio of investments. Where applicable, centrally cleared swaps with upfront premiums are presented here at market value.  |

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3. Currency Translation

Assets and liabilities denominated in foreign currencies and commitments under forward currency exchange contracts are translated into U.S. dollars at the mean of the quoted bid and ask prices of such currencies against the U.S. dollar. Purchases and sales of portfolio securities are translated into U.S. dollars at the rates of exchange prevailing when such securities were acquired or sold. Income and expenses are translated into U.S. dollars at the rates of exchange prevailing when accrued.

Net realized gain or loss on foreign currency transactions represents foreign exchange gains and losses from sales and maturities of foreign fixed income investments, holding of foreign currencies, currency gains or losses realized between the trade and settlement dates on foreign investment transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent amounts actually received or paid. Net unrealized currency gains and losses from valuing foreign currency denominated assets and liabilities at period end exchange rates are reflected as a component of net unrealized appreciation or depreciation of foreign currency denominated assets and liabilities.

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 89 |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

4. Taxes

It is the Fund's policy to meet the requirements of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its investment company taxable income and net realized gains, if any, to shareholders. Therefore, no provisions for federal income or excise taxes are required. The Fund may be subject to taxes imposed by countries in which it invests. Such taxes are generally based on income and/or capital gains earned or repatriated. Taxes are accrued and applied to net investment income, net realized gains and net unrealized appreciation/depreciation as such income and/or gains are earned.

In accordance with U.S. GAAP requirements regarding accounting for uncertainties in income taxes, management has analyzed the Fund's tax positions taken or expected to be taken on federal and state income tax returns for all open tax years (the current and the prior three tax years) and has concluded that no provision for income tax is required in the Fund's financial statements.

5. Investment Income and Investment Transactions

Dividend income is recorded on the ex-dividend date or as soon as the Fund is informed of the dividend. Interest income is accrued daily. Investment transactions are accounted for on the date the securities are purchased or sold. Investment gains or losses are determined on the identified cost basis. Non-cash dividends, if any, are recorded on the ex-dividend date at the fair value of the securities received. The Fund amortizes premiums and accretes discounts as adjustments to interest income. The Fund accounts for distributions received from real estate investment trust ("REIT") investments or from regulated investment companies as dividend income, realized gain, or return of capital based on information provided by the REIT or the investment company.

6. Class Allocations

All income earned and expenses incurred by the Fund are borne on a pro-rata basis by each settled class of shares, based on the proportionate interest in the Fund represented by the net assets of such class, except for class specific expenses which are allocated to the respective class. Realized and unrealized gains and losses are allocated among the various share classes based on respective net assets.

7. Dividends and Distributions

Dividends and distributions to shareholders, if any, are recorded on the ex-dividend date. Income dividends and capital gains distributions are determined in accordance with federal tax regulations and may differ from those determined in accordance with U.S. GAAP. To the extent these differences are permanent, such amounts are reclassified within the capital accounts based on their federal tax basis treatment; temporary differences do not require such reclassification.

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| | |
|:---|:---|
| 90 AB Global Bond Fund | **ABFunds.com** |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

8. Cash and Short-Term Investments

Cash and short-term investments include cash on hand and short-term investments with maturities of less than one year when purchased.

9. Segment Information

The Fund represents a single operating segment. An operating segment is defined in U.S. GAAP as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The Fund's President is the CODM. The CODM monitors the operating results of the Fund as a whole and the pre-determined Fund's long term investment strategy, which is executed by the portfolio management group. The qualitative and quantitative information contained within the financial statements is used by the CODM to assess the segment's performance versus the Fund's comparative benchmark and to make resource allocation decisions. Segment assets are reflected on the statement of assets and liabilities and segment expenses are listed on the statement of operations.

NOTE B

Advisory Fee and Other Transactions with Affiliates

Under the terms of the investment advisory agreement, the Fund pays the Adviser an advisory fee at an annual rate of .50% of the first $2.5 billion, .45% of the next $2.5 billion and .40% in excess of $5 billion of the Fund's average daily net assets. The fee is accrued daily and paid monthly.

Pursuant to the investment advisory agreement, the Fund may reimburse the Adviser for certain legal and accounting services provided to the Fund by the Adviser. For the year ended September 30, 2025, the reimbursement for such services amounted to $141,524.

The Fund compensates AllianceBernstein Investor Services, Inc. ("ABIS"), a wholly-owned subsidiary of the Adviser, under a Transfer Agency Agreement for providing personnel and facilities to perform transfer agency services for the Fund. ABIS may make payments to intermediaries that provide omnibus account services, sub-accounting services and/or networking services. Such compensation retained by ABIS amounted to $847,962 for the year ended September 30, 2025.

AllianceBernstein Investments, Inc. (the "Distributor"), a wholly-owned subsidiary of the Adviser, serves as the distributor of the Fund's shares. The Distributor has advised the Fund that it has retained front-end sales charges of $1,166 from the sale of Class A shares and received $325 and $30 in contingent deferred sales charges imposed upon redemptions by shareholders of Class A and Class C shares, respectively, for the year ended September 30, 2025.

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 91 |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

During the year ended September 30, 2025, the Adviser reimbursed the Fund $3,709,049 for overpayment of prior years' omnibus account services, sub-accounting services and related transfer agency expenses.

The Fund may invest in AB Government Money Market Portfolio which has a contractual annual advisory fee rate of .20% of the portfolio's average daily net assets and bears its own expenses. The Adviser had contractually agreed to waive .10% of the advisory fee of AB Government Money Market Portfolio (resulting in a net advisory fee of .10%) until August 31, 2023. Effective September 1, 2023, the Adviser has contractually agreed to waive .05% of the advisory fee of AB Government Money Market Portfolio (resulting in a net advisory fee of .15%) until August 31, 2024. In connection with the investment by the Fund in AB Government Money Market Portfolio, the Adviser has contractually agreed to waive its advisory fee from the Fund in an amount equal to the Fund's pro rata share of the effective advisory fee of AB Government Money Market Portfolio, as borne indirectly by the Fund as an acquired fund fee and expense. For the year ended September 30, 2025, such waiver amounted to $194,092.

A summary of the Fund's transactions in AB mutual funds for the year ended September 30, 2025 is as follows:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value<br>9/30/24<br>(000)** | **Purchases at<br>Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>9/30/25<br>(000)** | **Dividend<br>Income<br>(000)** |
|  AB Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97830 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2714821 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2694958 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117693 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3838 |

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During the year ended September 30, 2024, the Adviser reimbursed the Fund $317, for trading losses incurred due to trade entry errors.

NOTE C

Distribution Services Agreement

The Fund has adopted a Distribution Services Agreement (the "Agreement") pursuant to Rule 12b-1 under the 1940 Act. Under the Agreement, the Fund pays distribution and servicing fees to the Distributor at an annual rate of up to .30% of the Fund's average daily net assets attributable to Class A shares and 1% of the Fund's average daily net assets attributable to Class C shares. There are no distribution and servicing fees on Advisor Class, Class I and Class Z shares. Payments under the Agreement in respect of Class A shares are currently limited to an annual rate of .25% of Class A shares' average daily net assets. The fees are accrued daily and paid monthly. The Agreement provides that the Distributor will use such payments in their entirety for distribution assistance and promotional activities. Since the commencement of the Fund's operations, the Distributor has incurred expenses in excess of the distribution costs reimbursed by the Fund in the amount of $15,621,926 for Class C shares. While such costs

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| | |
|:---|:---|
| 92 AB Global Bond Fund | **ABFunds.com** |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

may be recovered from the Fund in future periods so long as the Agreement is in effect, and the share class is active, the rate of the distribution and servicing fees payable under the Agreement may not be increased without a shareholder vote. In accordance with the Agreement, there is no provision for recovery of unreimbursed distribution costs incurred by the Distributor beyond the current fiscal year for Class A shares. The Agreement also provides that the Adviser may use its own resources to finance the distribution of the Fund's shares.

NOTE D

Investment Transactions

Purchases and sales of investment securities (excluding short-term investments) for the year ended September 30, 2025, were as follows:

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| | | |
|:---|:---|:---|
|  | **Purchases** | **Sales** |
|  Investment securities (excluding U.S. government securities) | $7605936618 | $6848311813 |
|  U.S. government securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12903824301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12909103477 |

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The cost of investments for federal income tax purposes, gross unrealized appreciation and unrealized depreciation are as follows:

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| | |
|:---|:---|
|  Cost | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7268550795 |
|  Gross unrealized appreciation | $160900558 |
|  Gross unrealized depreciation | (194982921) |
|  Net unrealized depreciation | $(34082363) |

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1. Derivative Financial Instruments

The Fund may use derivatives in an effort to earn income and enhance returns, to replace more traditional direct investments, to obtain exposure to otherwise inaccessible markets (collectively, "investment purposes"), or to hedge or adjust the risk profile of its portfolio.

The principal types of derivatives utilized by the Fund, as well as the methods in which they may be used are:

**•** **Forward Currency Exchange Contracts** 

The Fund may enter into forward currency exchange contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to hedge certain firm purchase and sale commitments denominated in foreign currencies and for non-hedging purposes as a means of making direct investments in foreign currencies, as described below under "Currency Transactions".

A forward currency exchange contract is a commitment to purchase or sell a foreign currency at a future date at a negotiated forward rate. The gain or loss arising from the difference between the original contract and the closing of such contract would be included in net realized gain or loss on

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 93 |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

forward currency exchange contracts. Fluctuations in the value of open forward currency exchange contracts are recorded for financial reporting purposes as unrealized appreciation and/or depreciation by the Fund. Risks may arise from the potential inability of a counterparty to meet the terms of a contract and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar.

During the year ended September 30, 2025, the Fund held forward currency exchange contracts for hedging and non-hedging purposes.

**•** **Futures** 

The Fund may buy or sell futures for investment purposes or for the purpose of hedging its portfolio against adverse effects of potential movements in the market. The Fund bears the market risk that arises from changes in the value of these instruments and the imperfect correlation between movements in the price of the futures and movements in the price of the assets, reference rates or indices which they are designed to track. Among other things, the Fund may purchase or sell futures for foreign currencies or options thereon for non-hedging purposes as a means of making direct investment in foreign currencies, as described below under "Currency Transactions".

At the time the Fund enters into futures, the Fund deposits with the broker or segregates at its custodian cash or securities as collateral to satisfy initial margin requirements set by the exchange on which the transaction is effected. Pursuant to the contract, with respect to cash collateral, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in the value of the contract; in the case of securities collateral, the Fund agrees to adjust the securities position held in the segregated account accordingly. Such receipts, payments or adjustments are known as variation margin and are recorded by the Fund as unrealized gains or losses. Risks may arise from the potential inability of a counterparty to meet the terms of the contract. The credit/counterparty risk for exchange-traded futures is generally less than privately negotiated futures, since the clearinghouse, which is the issuer or counterparty to each exchange-traded future, has robust risk mitigation standards, including the requirement to provide initial and variation margin. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the time it was closed.

Use of long futures subjects the Fund to risk of loss in excess of the amounts shown on the statement of assets and liabilities, up to the notional value of the futures. Use of short futures subjects the Fund to unlimited risk of loss. Under some circumstances, futures exchanges may establish daily limits on the amount that the price of futures can vary from the previous day's settlement price, which could effectively prevent liquidation of unfavorable positions.

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| | |
|:---|:---|
| 94 AB Global Bond Fund | **ABFunds.com** |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

During the year ended September 30, 2025, the Fund held futures for hedging and non-hedging purposes.

**•** **Swaps** 

The Fund may enter into swaps for investment purposes or to hedge its exposure to interest rates, credit risk or inflation. The Fund may also enter into swaps for non-hedging purposes as a means of gaining market exposures including by making direct investments in foreign currencies, as described below under "Currency Transactions". A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices, rates or indexes for a specified amount of an underlying asset or inflation. The payment flows are usually netted against each other, with the difference being paid by one party to the other. In addition, collateral may be pledged or received by the Fund in accordance with the terms of the respective swaps to provide value and recourse to the Fund or its counterparties in the event of default, bankruptcy or insolvency by one of the parties to the swap.

Risks may arise as a result of the failure of the counterparty to the swap to comply with the terms of the swap. The loss incurred by the failure of a counterparty is generally limited to the net interim payment to be received by the Fund, and/or the termination value at the end of the contract. Therefore, the Fund considers the creditworthiness of each counterparty to a swap in evaluating potential counterparty risk. This risk is mitigated by having a netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund's exposure to the counterparty. Additionally, risks may arise from unanticipated movements in interest rates, inflation or in the value of the underlying securities. The Fund accrues for the interim payments on swaps on a daily basis, with the net amount recorded within unrealized appreciation/depreciation of swaps on the statement of assets and liabilities, where applicable. Once the interim payments are settled in cash, the net amount is recorded as realized gain/(loss) on swaps on the statement of operations, in addition to any realized gain/(loss) recorded upon the termination of swaps. Upfront premiums paid or received for swaps are recognized as cost or proceeds on the statement of assets and liabilities and are amortized on a straight line basis over the life of the contract. Amortized upfront premiums are included in net realized gain/(loss) from swaps on the statement of operations. Fluctuations in the value of swaps are recorded as a component of net change in unrealized appreciation/depreciation of swaps on the statement of operations.

Certain standardized swaps, including certain interest rate swaps and credit default swaps, are subject to mandatory central clearing. Cleared swaps are transacted through futures commission merchants ("FCMs") that are

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|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 95 |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

members of central clearinghouses, with the clearinghouse serving as central counterparty, similar to transactions in futures contracts. Centralized clearing will be required for additional categories of swaps on a phased-in basis based on requirements published by the Securities and Exchange Commission and Commodity Futures Trading Commission.

At the time the Fund enters into a centrally cleared swap, the Fund deposits with the broker or segregates at its custodian cash or securities as collateral to satisfy initial margin requirements set by the clearinghouse on which the transaction is effected. Pursuant to the contract, with respect to cash collateral, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in the value of the contract; in the case of securities collateral, the Fund agrees to adjust the securities position held in the segregated account accordingly. Such receipts, payments or adjustments are known as variation margin and are recorded by the Fund as unrealized gains or losses. Risks may arise from the potential inability of a counterparty to meet the terms of the contract. The credit/counterparty risk for centrally cleared swaps is generally less than non-centrally cleared swaps, since the clearinghouse, which is the issuer or counterparty to each centrally cleared swap, has robust risk mitigation standards, including the requirement to provide initial and variation margin. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the time it was closed.

#### Interest Rate Swaps:
The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To help hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swaps. Interest rate swaps are agreements between two parties to exchange cash flows based on a notional amount. The Fund may elect to pay a fixed rate and receive a floating rate, or, receive a fixed rate and pay a floating rate on a notional amount.

In addition, the Fund may also enter into interest rate swap transactions to preserve a return or spread on a particular investment or portion of its portfolio, or protecting against an increase in the price of securities the Fund anticipates purchasing at a later date. Interest rate swaps involve the exchange by the Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) computed based on a contractually-based principal (or "notional") amount. Interest rate swaps are entered into on a net basis (i.e., the two payment streams are netted out, with the Fund receiving or paying, as the case may be, only the net amount of the two payments).

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| | |
|:---|:---|
| 96 AB Global Bond Fund | **ABFunds.com** |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

During the year ended September 30, 2025, the Fund held interest rate swaps for hedging and non-hedging purposes.

#### Credit Default Swaps:
The Fund may enter into credit default swaps, including to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults by corporate and sovereign issuers held by the Fund, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. The Fund may purchase credit protection ("Buy Contract") or provide credit protection ("Sale Contract") on the referenced obligation of the credit default swap. During the term of the swap, the Fund receives/(pays) fixed payments from/(to) the respective counterparty, calculated at the agreed upon rate applied to the notional amount. If the Fund is a buyer/(seller) of protection and a credit event occurs, as defined under the terms of the swap, the Fund will either (i) receive from the seller/(pay to the buyer) of protection an amount equal to the notional amount of the swap (the "Maximum Payout Amount") and deliver/(take delivery of) the referenced obligation or (ii) receive/(pay) a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation. In certain circumstances Maximum Payout Amounts may be partially offset by recovery values of the respective referenced obligations, upfront premium received upon entering into the agreement, or net amounts received from settlement of buy protection credit default swaps entered into by the Fund for the same referenced obligation with the same counterparty.

Credit default swaps may involve greater risks than if the Fund had invested in the referenced obligation directly. Credit default swaps are subject to general market risk, liquidity risk, counterparty risk and credit risk. If the Fund is a buyer of protection and no credit event occurs, it will lose the payments it made to its counterparty. If the Fund is a seller of protection and a credit event occurs, the value of the referenced obligation received by the Fund coupled with the periodic payments previously received may be less than the Maximum Payout Amount it pays to the buyer, resulting in a net loss to the Fund.

Implied credit spreads over U.S. Treasuries of comparable maturity utilized in determining the market value of credit default swaps on issuers as of period end are disclosed in the portfolio of investments. The implied spreads serve as an indicator of the current status of the payment/performance risk and typically reflect the likelihood of default by the issuer of the referenced obligation. The implied credit spread of a particular reference obligation also reflects the cost of buying/selling protection and may reflect upfront payments required to be made to enter into the agreement. Widening credit spreads typically represent a deterioration of the referenced obligation's credit soundness and greater likelihood of default or other credit

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|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 97 |

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**NOTES TO FINANCIAL STATEMENTS** (continued)

event occurring as defined under the terms of the agreement. A credit spread identified as "Defaulted" indicates a credit event has occurred for the referenced obligation.

During the year ended September 30, 2025, the Fund held credit default swaps for hedging and non-hedging purposes.

The Fund typically enters into International Swaps and Derivatives Association, Inc. Master Agreements ("ISDA Master Agreement") with its OTC derivative contract counterparties in order to, among other things, reduce its credit risk to OTC counterparties. ISDA Master Agreements include provisions for general obligations, representations, collateral and events of default or termination. Under an ISDA Master Agreement, the Fund typically may offset with the OTC counterparty certain derivative financial instruments' payables and/or receivables with collateral held and/or posted and create one single net payment (close-out netting) in the event of default or termination. In the event of a default by an OTC counterparty, the return of collateral with market value in excess of the Fund's net liability, held by the defaulting party, may be delayed or denied.

The Fund's ISDA Master Agreements may contain provisions for early termination of OTC derivative transactions in the event the net assets of the Fund decline below specific levels ("net asset contingent features"). If these levels are triggered, the Fund's OTC counterparty has the right to terminate such transaction and require the Fund to pay or receive a settlement amount in connection with the terminated transaction. If OTC derivatives were held at period end, please refer to netting arrangements by the OTC counterparty tables below for additional details.

---

| | |
|:---|:---|
| 98 AB Global Bond Fund | **ABFunds.com** |

---

------

**NOTES TO FINANCIAL STATEMENTS** (continued)

During the year ended September 30, 2025, the Fund had entered into the following derivatives:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Derivative Type** | **Statement of<br>Assets and<br>Liabilities<br>Location** | **Fair Value** | **Statement of<br>Assets and<br>Liabilities<br>Location** | **Fair Value** |
|  Interest rate contracts | Receivable for<br>variation margin on<br>futures | $3031762<br> \*  | Payable for<br>variation margin on<br>futures | $6116529<br> \*  |
|  Interest rate contracts | Receivable for<br>variation margin on<br>centrally cleared<br>swaps | 2706406<br> \*  | Payable for<br>variation margin on<br>centrally cleared<br>swaps | 828841<br> \*  |
|  Foreign currency contracts | Unrealized<br>appreciation on<br>forward currency<br>exchange contracts | 15279167 | Unrealized<br>depreciation on<br>forward currency<br>exchange contracts | 5764539 |
|  Credit contracts | Receivable for<br>variation margin on<br>centrally cleared<br>swaps | 4357 \* | Payable for<br>variation margin on<br>centrally cleared<br>swaps | 22799 \* |
|  Total |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21021692 |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12732708 |

---

\* Only variation margin receivable (payable) at period end is reported within the statement of assets and liabilities. This amount reflects cumulative unrealized appreciation (depreciation) on futures and centrally cleared swaps as reported in the portfolio of investments. 

---

| | | | |
|:---|:---|:---|:---|
| **Derivative Type** | **Location of<br>Gain or (Loss)<br>on Derivatives<br>Within Statement<br>of Operations** | **Realized Gain<br>or (Loss) on<br>Derivatives** | **Change in<br>Unrealized<br>Appreciation or<br>(Depreciation)** |
|  Interest rate<br>contracts | Net realized gain/(loss) on swaps; Net change in unrealized appreciation (depreciation) on swaps | $1255580 | $2685497 |
|  Interest rate<br>contracts | Net realized gain/(loss) on futures; Net change in unrealized appreciation (depreciation) on futures | 12356966 | (2140813) |
|  Foreign currency<br>contracts | Net realized gain/(loss) on forward currency exchange contracts; Net change in unrealized appreciation (depreciation) on forward currency exchange contracts | (612648) | 46187634 |
|  Credit contracts | Net realized gain/(loss) on swaps; Net change in unrealized appreciation (depreciation) on swaps | (443639) | 153477 |
|  Total |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12556259 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46885795 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 99 |

---

------

**NOTES TO FINANCIAL STATEMENTS** (continued)

The following table represents the average monthly volume of the Fund's derivative transactions during the year ended September 30, 2025:

---

| | |
|:---|:---|
|  Centrally Cleared Credit Default Swaps: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Average notional amount of buy contracts | $110529072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Average notional amount of sale contracts | $81107923 |
|  Centrally Cleared Interest Rate Swaps: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Average notional amount | $305145005 <sup>(a)</sup> |
|  Forward Currency Exchange Contracts: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Average principal amount of buy contracts | $267335976 |
| &nbsp;&nbsp;&nbsp;&nbsp; Average principal amount of sale contracts | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3796919278 |
|  Futures: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Average notional amount of buy contracts | $1511429371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Average notional amount of sale contracts | $691976055 |

---

(a) Positions were open for ten months during the reporting period.

For financial reporting purposes, the Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements in the statement of assets and liabilities.

All OTC derivatives held at period end were subject to netting arrangements. The following table presents the Fund's derivative assets and liabilities by OTC counterparty net of amounts available for offset under ISDA Master Agreements ("MA") and net of the related collateral received/pledged by the Fund as of September 30, 2025. Exchange-traded derivatives and centrally cleared swaps are not subject to netting arrangements and as such are excluded from the tables.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Derivative<br>Assets<br>Subject to a<br>MA** | **Derivatives<br>Available<br>for Offset** | **Cash<br>Collateral<br>Received\*** | **Security<br>Collateral<br>Received\*** | **Net Amount<br>of Derivative<br>Assets** |
|  Bank of America NA | $3546938 | $(415200) | $– 0 | $– 0 – $| 3131738 |
|  Barclays Bank PLC | 485377 | (12781) | (330000) | – 0 – | 142596 |
|  BNP Paribas SA | 41409 | – 0 | – 0 | – 0 – | 41409 |
|  Brown Brothers Harriman & Co. | 11761 | (11761) | – 0 | – 0 – | – 0 |
|  Citibank NA | 1982386 | (1982386) | – 0 | – 0 – | – 0 |
|  Goldman Sachs Bank USA | 211955 | (211955) | – 0 | – 0 – | – 0 |
|  JPMorgan Chase Bank NA | 4164931 | (111372) | (4053559) | – 0 – | – 0 |
|  Morgan Stanley Capital Services LLC | 3329522 | (233749) | – 0 | – 0 – | 3095773 |
|  Societe Generale | 1374546 | – 0 | – 0 | – 0 – | 1374546 |
|  Standard Chartered Bank | 130342 | – 0 | – 0 | – 0 – | 130342 |
|  Total | $15279167 | $(2979204) | $(4383559) | $– 0 – $| 7916404 |

---

---

| | |
|:---|:---|
| 100 AB Global Bond Fund | **ABFunds.com** |

---

------

**NOTES TO FINANCIAL STATEMENTS** (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Derivative<br>Liabilities<br>Subject to a<br>MA** | **Derivatives<br>Available<br>for Offset** | **Cash<br>Collateral<br>Received\*** | **Security<br>Collateral<br>Received\*** | **Net Amount<br>of Derivative<br>Liabilities** |
|  Bank of America NA | $415200 | $(415200) | $– 0 | $– 0 – $| – 0 |
|  Bank of New York Mellon Corp. (The) | 22294 | – 0 | – 0 | – 0 – | 22294 |
|  Barclays Bank PLC | 12781 | (12781) | – 0 | – 0 – | – 0 |
|  Brown Brothers Harriman & Co. | 914221 | (11761) | – 0 | – 0 – | 902460 |
|  Citibank NA | 2539179 | (1982386) | – 0 | – 0 – | 556793 |
|  Goldman Sachs Bank USA | 319040 | (211955) | (30000) | – 0 – | 77085 |
|  HSBC Bank USA | 1195392 | – 0 | – 0 | – 0 – | 1195392 |
|  JPMorgan Chase Bank NA | 111372 | (111372) | – 0 | – 0 – | – 0 |
|  Morgan Stanley Capital Services LLC | 233749 | (233749) | – 0 | – 0 – | – 0 |
|  UBS AG | 1311 | – 0 | – 0 | – 0 – | 1311 |
|  Total | $5764539 | $(2979204) | $(30000) | $– 0 – $| 2755335 |

---

\* The actual collateral received/pledged may be more than the amount reported due to overcollateralization. 

---

| | |
|:---|:---|
| ^ | Net amount represents the net receivable (payable) that would be due from/to the counterparty in the event of default or termination.  |

---

The net amount from OTC financial derivative instruments can only be netted across transactions governed under the same master agreement with the same counterparty. <br>

See Note D.4 for additional disclosure of netting arrangements regarding reverse repurchase agreements.

2. Currency Transactions

The Fund may invest in non-U.S. Dollar-denominated securities on a currency hedged or unhedged basis. The Fund may seek investment opportunities by taking long or short positions in currencies through the use of currency-related derivatives, including forward currency exchange contracts, futures and options on futures, swaps, and other options. The Fund may enter into transactions for investment opportunities when it anticipates that a foreign currency will appreciate or depreciate in value but securities denominated in that currency are not held by the Fund and do not present attractive investment opportunities. Such transactions may also be used when the Adviser believes that it may be more efficient than a direct investment in a foreign currency-denominated security. The Fund may also conduct currency exchange contracts on a spot basis (i.e., for cash at the spot rate prevailing in the currency exchange market for buying or selling currencies).

3. TBA and Dollar Rolls

The Fund may invest in TBA mortgage-backed securities. A TBA, or "To Be Announced", trade represents a contract for the purchase or sale of mortgage-backed securities to be delivered at a future agreed-upon date; however, the specific mortgage pool numbers or the number of pools that will be delivered to fulfill the trade obligation or terms of the contract are unknown at the time of the trade.

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 101 |

---

------

**NOTES TO FINANCIAL STATEMENTS** (continued)

Mortgage pools (including fixed-rate or variable-rate mortgages) guaranteed by the Government National Mortgage Association, or GNMA, the Federal National Mortgage Association, or FNMA, or the Federal Home Loan Mortgage Corporation, or FHLMC, are subsequently allocated to the TBA transactions.

The Fund may enter into certain TBA transactions known as dollar rolls. Dollar rolls involve sales by the Fund of securities for delivery in the current month and the Fund's simultaneously contracting to repurchase substantially similar (same type and coupon) securities on a specified future date. During the roll period, the Fund forgoes principal and interest paid on the securities. The Fund is compensated by the difference between the current sales price and the lower forward price for the future purchase (often referred to as the "drop") as well as by the interest earned on the cash proceeds of the initial sale. Dollar rolls involve the risk that the market value of the securities the Fund is obligated to repurchase under the agreement may decline below the repurchase price. Dollar rolls are speculative techniques. For the year ended September 30, 2025, the Fund earned drop income of $4,534,816 which is included in interest income in the accompanying statement of operations.

4. Reverse Repurchase Agreements

The Fund may enter into reverse repurchase transactions ("RVP") in accordance with the terms of a Master Repurchase Agreement ("MRA"), under which the Fund sells securities and agrees to repurchase them at a mutually agreed upon date and price. At the time the Fund enters into a reverse repurchase agreement, it will establish a segregated account with the custodian containing liquid assets having a value comparable to the repurchase price. Under the MRA and other master agreements, the Fund is permitted to offset payables and/or receivables with collateral held and/or posted to the counterparty and create one single net payment due to or from the Fund in the event of a default. In the event of a default by a MRA counterparty, the Fund may be considered an unsecured creditor with respect to any excess collateral (collateral with a market value in excess of the repurchase price) held by and/or posted to the counterparty, and as such the return of such excess collateral may be delayed or denied. For the year ended September 30, 2025, the carrying value of the payable for the reverse repurchase agreements approximated its fair value. If measured at fair value, borrowings under the reverse repurchase agreements would have been considered as a Level 1 investment. For the year ended September 30, 2025, the average amount of reverse repurchase agreements outstanding was $2,814,980 and the daily weighted average interest rate was 2.19%. At September 30, 2025, the Fund had reverse repurchase agreements outstanding in the amount of $143,165 as reported in the statement of assets and liabilities.

---

| | |
|:---|:---|
| 102 AB Global Bond Fund | **ABFunds.com** |

---

------

**NOTES TO FINANCIAL STATEMENTS** (continued)

The following table presents the Fund's RVP liabilities by counterparty net of the related collateral pledged by the Fund as of September 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
| **Counterparty** | **RVP**<br>**Liabilities**<br>**Subject to a**<br>**MRA** | **Securities**<br>**Collateral**<br>**Pledged<sup>†</sup>\*** | **Net Amount**<br>**of RVP**<br>**Liabilities** |
|  Jefferies LLC | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143165 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(119592) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23573 |

---

<sup>†</sup> Including accrued interest.

\* The actual collateral pledged may be more than the amount reported due to overcollateralization. 

NOTE E

Capital Stock

Each class consists of 3,000,000,000 authorized shares. Transactions in capital shares for each class were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Shares | Shares | Amount | Amount |
|  | Year Ended<br>September 30,<br> 2025 | Year Ended<br>September 30,<br> 2024 | Year Ended<br>September 30,<br> 2025 | Year Ended<br>September 30,<br> 2024 |
| **Class A** |  |  |  |  |
|  Shares sold | 2689293 | 3153447 | $18619049 | $21506717 |
|  Shares issued in reinvestment of dividends | 1023061 | 1214296 | 7094378 | 8311805 |
|  Shares converted from Class C | 185034 | 524071 | 1284651 | 3556959 |
|  Shares redeemed | (10195587) | (11251094) | (70529457) | (76748387) |
|  **Net decrease** | **(6298199)** | **(6359280)** | $**(43531379)** | $**(43372906)** |
| **Class C** |  |  |  |  |
|  Shares sold | 159168 | 133133 | $1105781 | $907062 |
|  Shares issued in reinvestment of dividends | 21962 | 33389 | 152808 | 228918 |
|  Shares converted to Class A | (184416) | (522347) | (1284651) | (3556959) |
|  Shares redeemed | (230621) | (519958) | (1602312) | (3547965) |
|  **Net decrease** | **(233907)** | **(875783)** | $**(1628374)** | $**(5968944)** |
| **Advisor Class** |  |  |  |  |
|  Shares sold | 138640684 | 139810730 | $958727525 | $956088709 |
|  Shares issued in reinvestment of dividends | 16354911 | 15740697 | 113351365 | 107722639 |
|  Shares redeemed | (124846100) | (120306363) | (862443654) | (819780007) |
|  **Net increase** | **30149495** | **35245064** | $**209635236** | $**244031341** |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 103 |

---

------

**NOTES TO FINANCIAL STATEMENTS** (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Shares | Shares | Amount | Amount |
|  | Year Ended<br>September 30,<br> 2025 | Year Ended<br>September 30,<br> 2024 | Year Ended<br>September 30,<br> 2025 | Year Ended<br>September 30,<br> 2024 |
| **Class R** |  |  |  |  |
|  Shares sold | – 0 | 549003 | $– 0 | $3727579 |
|  Shares issued in reinvestment of dividends | – 0 | 74015 | – 0 | 501620 |
|  Shares redeemed | – 0 | (5377607) | – 0 | (36665857) |
|  **Net increase (decrease)** | **– 0** | **(4754589)** | $**– 0** | $**(32436658)** |
| **Class K** |  |  |  |  |
|  Shares sold | – 0 | 109605 | $– 0 | $737934 |
|  Shares issued in reinvestment of dividends | – 0 | 21135 | – 0 | 143363 |
|  Shares redeemed | – 0 | (1363429) | – 0 | (9250336) |
|  **Net increase (decrease)** | **– 0** | **(1232689)** | $**– 0** | $**(8369039)** |
| **Class I** |  |  |  |  |
|  Shares sold | 16869751 | 13468821 | $116492189 | $92114689 |
|  Shares issued in reinvestment of dividends | 3044195 | 3327629 | 21105495 | 22754145 |
|  Shares redeemed | (15495813) | (34827481) | (107404260) | (238461826) |
|  **Net increase (decrease)** | **4418133** | **(18031031)** | $**30193424** | $**(123592992)** |
| **Class Z** |  |  |  |  |
|  Shares sold | 92759235 | 30862594 | $642040200 | $211784798 |
|  Shares issued in reinvestment of dividends | 4886413 | 4201161 | 33897743 | 28745698 |
|  Shares redeemed | (27672038) | (37213990) | (191225391) | (252082389) |
|  **Net increase (decrease)** | **69973610** | **(2150235)** | $**484712552** | $**(11551893)** |

---

NOTE F

Risks Involved in Investing in the Fund

**Market Risk**—The value of the Fund's assets will fluctuate as the market or markets in which the Fund invests fluctuate. The value of the Fund's investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events, including public health crises (including the occurrence of a contagious disease or illness), terrorism, war, tariffs and trade disputes, and regional and global conflicts, that affect large portions of the market.

**Interest-Rate Risk**—Changes in interest rates will affect the value of investments in fixed-income securities. When interest rates rise, the value of existing investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations.

---

| | |
|:---|:---|
| 104 AB Global Bond Fund | **ABFunds.com** |

---

------

**NOTES TO FINANCIAL STATEMENTS** (continued)

Changing interest rates may have unpredictable effects on the markets, may result in heightened market volatility and may detract from Fund performance. In addition, changes in monetary policy may exacerbate the risks associated with changing interest rates.

**Credit Risk**—An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security and accrued interest. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security.

**Below Investment-Grade Securities Risk**—Investments in fixed-income securities with lower ratings (commonly known as "junk bonds") are subject to a higher probability that an issuer will default or fail to meet its payment obligations. These securities may be subject to greater price volatility due to such factors as specific corporate developments and negative perceptions of the junk bond market generally and may be more difficult to trade than other types of securities.

**Duration Risk**—Duration is a measure that relates the expected price volatility of a fixed-income security to changes in interest rates. The duration of a fixed-income security may be shorter than or equal to full maturity of a fixed-income security. Fixed-income securities with longer durations have more risk and will decrease in price as interest rates rise.

**Inflation Risk**—This is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the value of the Fund's assets can decline as can the value of the Fund's distributions. This risk is significantly greater for fixed-income securities with longer maturities.

**Foreign (Non-U.S.) Risk**—Investments in securities of non-U.S. issuers may involve more risk than those of U.S. issuers. These securities may fluctuate more widely in price and may be more difficult to trade than domestic securities due to adverse market, economic, political, regulatory or other factors.

**Mortgage-Related and/or Other Asset-Backed Securities Risk**—Investments in mortgage-related and other asset-backed securities are subject to certain additional risks. The value of these securities may be particularly sensitive to changes in interest rates. These risks include "extension risk", which is the risk that, in periods of rising interest rates, issuers may delay the payment of principal, and "prepayment risk", which is the risk that in periods of falling interest rates, issuers may pay principal sooner than expected, exposing the Fund to a lower rate of return upon

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 105 |

---

------

**NOTES TO FINANCIAL STATEMENTS** (continued)

reinvestment of principal. Mortgage-backed securities offered by non-governmental issuers and other asset-backed securities may be subject to other risks, such as higher rates of default in the mortgages or assets backing the securities or risks associated with the nature and servicing of mortgages or assets backing the securities.

**Emerging-Market Risk**—Investments in emerging market countries may have more risk because the markets are less developed and less liquid and are subject to increased economic, political, regulatory or other uncertainties.

**Currency Risk**—Fluctuations in currency exchange rates may negatively affect the value of the Fund's investments or reduce its returns.

**Leverage Risk**—When the Fund borrows money or otherwise leverages its investments, its performance may be volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of the Fund's investments. The Fund may create leverage through the use of reverse repurchase arrangements, forward currency exchange contracts, forward commitments, dollar rolls or futures or by borrowing money. The use of other types of derivative instruments by the Fund, such as options and swaps, may also result in a form of leverage. Leverage may result in higher returns to the Fund than if the Fund were not leveraged, but may also adversely affect returns, particularly if the market is declining.

**Derivatives Risk**—Derivatives may be difficult to price or unwind and leveraged so that small changes may produce disproportionate losses for the Fund. A short position in a derivative instrument involves the risk of a theoretically unlimited increase in the value of the underlying asset, reference rate or index, which could cause the Fund to suffer a potentially unlimited loss. Derivatives, especially over-the-counter derivatives, are also subject to counterparty risk, which is the risk that the counterparty (the party on the other side of the transaction) on a derivative transaction will be unable or unwilling to honor its contractual obligations to the Fund.

**Illiquid Investments Risk**—Illiquid investments risk exists when certain investments become difficult to purchase or sell. Difficulty in selling such investments may result in sales at disadvantageous prices affecting the value of your investment in the Fund. Causes of illiquid investments risk may include low trading volumes, large positions and heavy redemption of Fund shares. Foreign fixed-income securities may have more illiquid investments risk because secondary trading markets for these securities may be smaller and less well-developed and the securities may trade less frequently than domestic securities. Illiquid investments risk may be higher in I rising interest rate environment, when the value and liquidity of fixed-income securities generally decline.

---

| | |
|:---|:---|
| 106 AB Global Bond Fund | **ABFunds.com** |

---

------

**NOTES TO FINANCIAL STATEMENTS** (continued)

**Active Trading Risk**—The Fund expects to engage in active and frequent trading of its portfolio securities and its portfolio turnover rate may greatly exceed 100%. A higher rate of portfolio turnover increases transaction costs, which may negatively affect the Fund's return. In addition, a high rate of portfolio turnover may result in substantial short-term gains, which may have adverse tax consequences for Fund shareholders.

**Indemnification Risk**—In the ordinary course of business, the Fund enters into contracts that contain a variety of indemnifications. The Fund's maximum exposure under these arrangements is unknown. However, the Fund has not had prior claims or losses pursuant to these indemnification provisions and expects the risk of loss thereunder to be remote. Therefore, the Fund has not accrued any liability in connection with these indemnification provisions.

**Management Risk**—The Fund is subject to management risk because it is an actively-managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions, but there is no guarantee that its techniques will produce the intended results. Some of these techniques may incorporate, or rely upon, quantitative models, but there is no guarantee that these models will generate accurate forecasts, reduce risk or otherwise perform as expected.

NOTE G

Joint Credit Facility

A number of open-end mutual funds managed by the Adviser, including the Fund, participate in a $325 million revolving credit facility (the "Facility") intended to provide short-term financing related to redemptions and other short-term liquidity requirements, subject to certain restrictions. Commitment fees related to the Facility are paid by the participating funds and are included in miscellaneous expenses in the statement of operations. The Fund did not utilize the Facility during the year ended September 30, 2025.

NOTE H

Distributions to Shareholders

The tax character of distributions paid during the fiscal years ended September 30, 2025 and September 30, 2024 were as follows:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
|  Distributions paid from: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ordinary income | $208230131 | $36334445 |
|  Total taxable distributions paid | $208230131 | $36334445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Return of Capital | 5219932 | 169757162 |
|  Total distributions paid | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213450063 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206091607 |

---

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 107 |

---

------

**NOTES TO FINANCIAL STATEMENTS** (continued)

As of September 30, 2025, the components of accumulated earnings (deficit) on a tax basis were as follows:

---

| | |
|:---|:---|
|  Accumulated capital losses | $(774495849)<sup>(a)</sup> |
|  Other losses | (73208904)<sup>(b)</sup> |
|  Unrealized appreciation (depreciation) | (33679805)<sup>(c)</sup> |
|  Total accumulated earnings (deficit) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(881384558)<sup>(d)</sup> |

---

(a) As of September 30, 2025, the Fund had a net capital loss carryforward of $774,495,849.

(b) As of September 30, 2025, the Fund had a qualified late-year ordinary loss deferral of $71,531,328 and the cumulative deferred loss on straddles was $1,677,576.

(c) The differences between book-basis and tax-basis unrealized appreciation (depreciation) are attributable primarily to the recognition for tax purposes of unrealized gains (losses) on certain derivative instruments, the tax treatment of callable bonds, the tax treatment of swaps, and the tax deferral of losses on wash sales.

(d) The differences between book-basis and tax-basis components of accumulated earnings (deficit) are attributable primarily to the accrual of foreign capital gains tax, the tax treatment of defaulted securities, and dividends payable.

For tax purposes, net realized capital losses may be carried over to offset future capital gains, if any. Funds are permitted to carry forward capital losses for an indefinite period, and such losses will retain their character as either short-term or long-term capital losses. As of September 30, 2025, the Fund had a net short-term capital loss carryforward of $245,825,451 and a net long-term capital loss carryforward of $528,670,398, which may be carried forward for an indefinite period.

During the current fiscal year, there were no permanent differences that resulted in adjustments to accumulated loss or additional paid-in capital.

NOTE I

Subsequent Events

Management has evaluated subsequent events for possible recognition or disclosure in the financial statements through the date the financial statements are issued. Management has determined that there are no material events that would require disclosure in the Fund's financial statements through this date.

---

| | |
|:---|:---|
| 108 AB Global Bond Fund | **ABFunds.com** |

---

------

#### FINANCIAL HIGHLIGHTS

#### Selected Data For A Share Of Capital Stock Outstanding Throughout Each Period

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** |
| | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net asset value, beginning of period | $7.04 | $6.57 | $7.09 | $8.52 | $8.62 |
|  Income From Investment Operations |  |  |  |  |  |
|  Net investment income<sup>(a)(b)</sup> | .24 | .23 | .21 | .11 | .11 |
|  Net realized and unrealized gain (loss) on investment and foreign currency transactions | (.06 | .48 | (.11 | (1.20) | (.02 |
|  Contributions from Affiliates | – 0 | .00 | .00 | .00 | – 0 |
|  Net increase (decrease) in net asset value from operations | .18 | .71 | .10 | (1.09) | .09 |
|  Less: Dividends and Distributions |  |  |  |  |  |
|  Dividends from net investment income | (.21 | (.04 | (.57 | (.24 | (.13 |
|  Distributions from net realized gain on investment and foreign currency transactions | – 0 | – 0 | – 0 | (.10 | (.06 |
|  Return of Capital | (.01 | (.20 | (.05 | – 0 | – 0 |
|  Total dividends and distributions | (.22 | (.24 | (.62 | (.34 | (.19 |
|  Net asset value, end of period | **$7.00** | **$7.04** | **$6.57** | **$7.09** | **$8.52** |
|  Total Return |  |  |  |  |  |
|  Total investment return based on net asset value<sup>(d)</sup>\*\* | 2.84 | 10.90 | 1.27 | (13.27) | .92 |
|  Ratios/Supplemental Data |  |  |  |  |  |
|  Net assets, end of period (000's omitted) | $266015 | $312047 | $332871 | $409768 | $580627 |
|  Ratio to average net assets of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses, net of waivers/ reimbursements<sup>(e)</sup> | .78 | .80 | .80 | .80 | .80 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses, before waivers/ reimbursements<sup>(e)</sup> | .79 | .80 | .80 | .80 | .80 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income<sup>(b)</sup> | 3.42 | 3.42 | 3.06 | 1.40 | 1.24 |
|  Portfolio turnover rate\*\*\* | 301 | 302 | 177 | 159 | 130 |

---

See footnote summary on page 114.

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 109 |

---

------

**FINANCIAL HIGHLIGHTS** (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** |
| | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net asset value, beginning of period | $7.06 | $6.59 | $7.12 | $8.55 | $8.65 |
|  Income From Investment Operations |  |  |  |  |  |
|  Net investment income<sup>(a)(b)</sup> | .18 | .18 | .16 | .05 | .04 |
|  Net realized and unrealized gain (loss) on investment and foreign currency transactions | (.05 | .47 | (.12 | (1.20) | (.02 |
|  Contributions from Affiliates | – 0 | .00 | .00 | .00 | – 0 |
|  Net increase (decrease) in net asset value from operations | .13 | .65 | .04 | (1.15) | .02 |
|  Less: Dividends and Distributions |  |  |  |  |  |
|  Dividends from net investment income | (.17 | (.03 | (.52 | (.18 | (.06 |
|  Distributions from net realized gain on investment and foreign currency transactions | – 0 | – 0 | – 0 | (.10 | (.06 |
|  Return of Capital | (.00 | (.15 | (.05 | – 0 | – 0 |
|  Total dividends and distributions | (.17 | (.18 | (.57 | (.28 | (.12 |
|  Net asset value, end of period | **$7.02** | **$7.06** | **$6.59** | **$7.12** | **$8.55** |
|  Total Return |  |  |  |  |  |
|  Total investment return based on net asset value<sup>(d)</sup>\*\* | 2.05 | 10.03 | .36 | (13.88) | .27 |
|  Ratios/Supplemental Data |  |  |  |  |  |
|  Net assets, end of period (000's omitted) | $7228 | $8927 | $14099 | $22599 | $39929 |
|  Ratio to average net assets of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses, net of waivers/reimbursements<sup>(e)</sup> | 1.53 | 1.55 | 1.55 | 1.55 | 1.55 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses, before waivers/reimbursements<sup>(e)</sup> | 1.54 | 1.55 | 1.55 | 1.56 | 1.55 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income<sup>(b)</sup> | 2.65 | 2.65 | 2.26 | .62 | .49 |
|  Portfolio turnover rate\*\*\* | 301 | 302 | 177 | 159 | 130 |

---

See footnote summary on page 114.

---

| | |
|:---|:---|
| 110 AB Global Bond Fund | **ABFunds.com** |

---

------

**FINANCIAL HIGHLIGHTS** (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Advisor Class** | **Advisor Class** | **Advisor Class** | **Advisor Class** | **Advisor Class** |
| | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** |
| | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net asset value, beginning of period | $7.03 | $6.56 | $7.09 | $8.51 | $8.62 |
|  Income From Investment Operations |  |  |  |  |  |
|  Net investment income<sup>(a)(b)</sup> | .25 | .25 | .23 | .13 | .13 |
|  Net realized and unrealized gain (loss) on investment and foreign currency transactions | (.05 | .47 | (.12 | (1.19) | (.03 |
|  Contributions from Affiliates | – 0 | .00 | .00 | .00 | – 0 |
|  Net increase (decrease) in net asset value from operations | .20 | .72 | .11 | (1.06) | .10 |
|  Less: Dividends and Distributions |  |  |  |  |  |
|  Dividends from net investment income | (.23 | (.04 | (.59 | (.26 | (.15 |
|  Distributions from net realized gain on investment and foreign currency transactions | – 0 | – 0 | – 0 | (.10 | (.06 |
|  Return of Capital | (.01 | (.21 | (.05 | – 0 | – 0 |
|  Total dividends and distributions | (.24 | (.25 | (.64 | (.36 | (.21 |
|  Net asset value, end of period | **$6.99** | **$7.03** | **$6.56** | **$7.09** | **$8.51** |
|  Total Return |  |  |  |  |  |
|  Total investment return based on net asset value<sup>(d)</sup>\*\* | 3.10 | 11.19 | 1.38 | (12.95) | 1.17 |
|  Ratios/Supplemental Data |  |  |  |  |  |
|  Net assets, end of period (000's omitted) | $4237759 | $4052962 | $3549674 | $3441514 | $4707655 |
|  Ratio to average net assets of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses, net of waivers/ reimbursements<sup>(e)</sup> | .53 | .55 | .55 | .55 | .55 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses, before waivers/ reimbursements<sup>(e)</sup> | .54 | .55 | .55 | .56 | .55 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income<sup>(b)</sup> | 3.68 | 3.67 | 3.33 | 1.66 | 1.49 |
|  Portfolio turnover rate\*\*\* | 301 | 302 | 177 | 159 | 130 |

---

See footnote summary on page 114.

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 111 |

---

------

**FINANCIAL HIGHLIGHTS** (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** |
| | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** |
| | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net asset value, beginning of period | $7.03 | $6.56 | $7.09 | $8.52 | $8.62 |
|  Income From Investment Operations |  |  |  |  |  |
|  Net investment income<sup>(a)(b)</sup> | .25 | .25 | .23 | .13 | .13 |
|  Net realized and unrealized gain (loss) on investment and foreign currency transactions | (.05 | .47 | (.13 | (1.20) | (.02 |
|  Contributions from Affiliates | – 0 | .00 | .00 | .00 | – 0 |
|  Net increase (decrease) in net asset value from operations | .20 | .72 | .10 | (1.07) | .11 |
|  Less: Dividends and Distributions |  |  |  |  |  |
|  Dividends from net investment income | (.24 | (.04 | (.58 | (.26 | (.15 |
|  Distributions from net realized gain on investment and foreign currency transactions | – 0 | – 0 | – 0 | (.10 | (.06 |
|  Return of Capital | (.01 | (.21 | (.05 | – 0 | – 0 |
|  Total dividends and distributions | (.25 | (.25 | (.63 | (.36 | (.21 |
|  Net asset value, end of period | **$6.98** | **$7.03** | **$6.56** | **$7.09** | **$8.52** |
|  Total Return |  |  |  |  |  |
|  Total investment return based on net asset value<sup>(d)</sup>\*\* | 2.93 | 11.14 | 1.36 | (13.06) | 1.29 |
|  Ratios/Supplemental Data |  |  |  |  |  |
|  Net assets, end of period (000's omitted) | $618882 | $592295 | $670854 | $724876 | $919250 |
|  Ratio to average net assets of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses, net of waivers/reimbursements<sup>(e)</sup> | .55 | .59 | .57 | .56 | .55 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses, before waivers/reimbursements<sup>(e)</sup> | .55 | .59 | .57 | .57 | .55 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income<sup>(b)</sup> | 3.58 | 3.63 | 3.31 | 1.65 | 1.49 |
|  Portfolio turnover rate\*\*\* | 301 | 302 | 177 | 159 | 130 |

---

See footnote summary on page 114.

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| | |
|:---|:---|
| 112 AB Global Bond Fund | **ABFunds.com** |

---

------

**FINANCIAL HIGHLIGHTS** (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Class Z** | **Class Z** | **Class Z** | **Class Z** | **Class Z** |
| | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** |
| | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net asset value, beginning of period | $7.04 | $6.56 | $7.09 | $8.52 | $8.62 |
|  Income From Investment Operations |  |  |  |  |  |
|  Net investment income<sup>(a)(b)</sup> | .25 | .25 | .23 | .14 | .13 |
|  Net realized and unrealized gain (loss) on investment and foreign currency transactions | (.06 | .48 | (.12 | (1.21) | (.02 |
|  Contributions from Affiliates | – 0 | .00 | .00 | .00 | – 0 |
|  Net increase (decrease) in net asset value from operations | .19 | .73 | .11 | (1.07) | .11 |
|  Less: Dividends and Distributions |  |  |  |  |  |
|  Dividends from net investment income | (.24 | (.04 | (.59 | (.26 | (.15 |
|  Distributions from net realized gain on investment and foreign currency transactions | – 0 | – 0 | – 0 | (.10 | (.06 |
|  Return of Capital | (.01 | (.21 | (.05 | – 0 | – 0 |
|  Total dividends and distributions | (.25 | (.25 | (.64 | (.36 | (.21 |
|  Net asset value, end of period | **$6.98** | **$7.04** | **$6.56** | **$7.09** | **$8.52** |
|  Total Return |  |  |  |  |  |
|  Total investment return based on net asset value<sup>(d)</sup>\*\* | 2.83 | 11.38 | 1.40 | (13.01) | 1.34 |
|  Ratios/Supplemental Data |  |  |  |  |  |
|  Net assets, end of period (000's omitted) | $1339748 | $857290 | $813849 | $755288 | $717784 |
|  Ratio to average net assets of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses, net of waivers/ reimbursements<sup>(e)</sup> | .51 | .52 | .52 | .51 | .50 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses, before waivers/ reimbursements<sup>(e)</sup> | .52 | .52 | .52 | .51 | .50 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income<sup>(b)</sup> | 3.61 | 3.71 | 3.37 | 1.73 | 1.53 |
|  Portfolio turnover rate\*\*\* | 301 | 302 | 177 | 159 | 130 |

---

See footnote summary on page 114.

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 113 |

---

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**FINANCIAL HIGHLIGHTS** (continued)

(a) Based on average shares outstanding.

(b) Net of expenses waived/reimbursed by the Adviser.

(c) Amount is less than $0.005.

(d) Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption on the last day of the period. Initial sales charges or contingent deferred sales charges are not reflected in the calculation of total investment return. Total investment return does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total investment return calculated for a period of less than one year is not annualized.

(e) The expense ratios presented below exclude interest expense:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** |
| | **2025** | **2024** | **2023** | **2022** | **2021** |
|  **Class A** |  |  |  |  |  |
|  Net of waivers/reimbursements | .78% | .80% | .80% | .80% | .80% |
|  Before waivers/reimbursements | .79% | .80% | .80% | .80% | .80% |
|  **Class C** |  |  |  |  |  |
|  Net of waivers/reimbursements | 1.53% | 1.55% | 1.55% | 1.55% | 1.55% |
|  Before waivers/reimbursements | 1.54% | 1.55% | 1.55% | 1.56% | 1.55% |
|  **Advisor Class** |  |  |  |  |  |
|  Net of waivers/reimbursements | .53% | .55% | .55% | .55% | .55% |
|  Before waivers/reimbursements | .54% | .55% | .55% | .56% | .55% |
|  **Class I** |  |  |  |  |  |
|  Net of waivers/reimbursements | .55% | .59% | .57% | .56% | .55% |
|  Before waivers/reimbursements | .55% | .59% | .57% | .57% | .55% |
|  **Class Z** |  |  |  |  |  |
|  Net of waivers/reimbursements | .51% | .52% | .52% | .51% | .50% |
|  Before waivers/reimbursements | .52% | .52% | .52% | .51% | .50% |

---

\* During the year ended September 30, 2025, the Adviser reimbursed the Fund for overpayment of prior years' omnibus account services, sub-accounting services and related transfer agency expenses. The impact of the reimbursement to the financial highlights is as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Net Investment**<br> **Income Per**<br> **Share** | **Net Investment**<br> **Income Ratio** | **Total Return** |
| Class A | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.01 | .08% | .00% |
| Class C | $.01 | .08% | .00% |
| Advisor Class | $.01 | .09% | .00% |

---

\*\* Includes the impact of proceeds received and credited to the Fund resulting from class action settlements, which enhanced the performance of each share class, for the year ended September 30, 2025 by .07%. 

\*\*\* The Fund accounts for dollar roll transactions as purchases and sales.

---

| | |
|:---|:---|
| ^ | The net asset value and total return include adjustments in accordance with accounting principles generally accepted in the United States of America for financial reporting purposes. As such, the net asset value and total return for shareholder transactions may differ from financial statements.  |

---

See notes to financial statements.

---

| | |
|:---|:---|
| 114 AB Global Bond Fund | **ABFunds.com** |

---

------

#### REPORT OF INDEPENDENT REGISTERED

#### PUBLIC ACCOUNTING FIRM
To the Shareholders and the Board of Directors of

AB Global Bond Fund, Inc.

#### Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities of AB Global Bond Fund, Inc. (the "Fund"), including the portfolio of investments, as of September 30, 2025, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund at September 30, 2025, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and its financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

#### Basis for Opinion
These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of the Fund's internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of September 30, 2025, by correspondence with the custodian, brokers and others; when replies were not received from brokers or others, we performed other auditing procedures. Our audits also included evaluating the accounting principles

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 115 |

---

------

#### REPORT OF INDEPENDENT REGISTERED
**PUBLIC ACCOUNTING FIRM** (continued)

used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

![LOGO](g25611g91r55.jpg)

We have served as the auditor of one or more of the AB investment companies since 1968.

New York, New York

November 26, 2025

---

| | |
|:---|:---|
| 116 AB Global Bond Fund | **ABFunds.com** |

---

------

#### 2025 FEDERAL TAX INFORMATION
(unaudited)

For Federal income tax purposes, the following information is furnished with respect to the distributions paid by the Fund during the taxable year ended September 30, 2025. For foreign shareholders, 34.66% of ordinary income dividends paid may be considered to be qualifying to be taxed as interest-related dividends. The Fund designates $210,487,431 of distributions paid during the fiscal year ended September 30, 2025 as qualifying to be taxed as section 163(j) interest dividends.

Shareholders should not use the above information to prepare their income tax returns. The information necessary to complete your income tax returns will be included with your Form 1099-DIV which will be sent to you separately in January 2026.

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 117 |

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#### Information Regarding the Review and Approval of the Fund's Advisory Agreement
The disinterested directors (the "directors") of AB Global Bond Fund, Inc. (the "Fund") unanimously approved the continuance of the Fund's Advisory Agreement with the Adviser at a meeting held in-person on August 5-6, 2025 (the "Meeting").

Prior to approval of the continuance of the Advisory Agreement, the directors had requested from the Adviser, and received and evaluated, extensive materials. They reviewed the proposed continuance of the Advisory Agreement with the Adviser and with experienced counsel who are independent of the Adviser, who advised on the relevant legal standards. The directors also reviewed additional materials, including comparative analytical data prepared by the Senior Vice President of the Fund. The directors also discussed the proposed continuance in private sessions with counsel.

The directors considered their knowledge of the nature and quality of the services provided by the Adviser to the Fund gained from their experience as directors or trustees of most of the registered investment companies advised by the Adviser, their overall confidence in the Adviser's integrity and competence they have gained from that experience, the Adviser's initiative in identifying and raising potential issues with the directors and its responsiveness, frankness and attention to concerns raised by the directors in the past, including the Adviser's willingness to consider and implement organizational and operational changes designed to improve investment results and the services provided to the AB Funds. The directors noted that they have four regular meetings each year, at each of which they review extensive materials and information from the Adviser, including information on the investment performance of the Fund and the money market fund advised by the Adviser in which the Fund invests a portion of its assets.

The directors also considered all factors they believed relevant, including the specific matters discussed below. During the course of their deliberations, the directors evaluated, among other things, the reasonableness of the advisory fee. The directors did not identify any particular information that was all-important or controlling, and different directors may have attributed different weights to the various factors. The directors determined that the selection of the Adviser to manage the Fund and the overall arrangements between the Fund and the Adviser, as provided in the Advisory Agreement, including the advisory fee, were fair and reasonable in light of the services performed, expenses incurred and such other matters as the directors considered relevant in the exercise of their business judgment. The material factors and conclusions that formed the basis for the directors' determinations included the following:

#### Nature, Extent and Quality of Services Provided
The directors considered the scope and quality of services provided by the Adviser under the Advisory Agreement, including the quality of the investment research capabilities of the Adviser and the other resources it has dedicated to

---

| | |
|:---|:---|
| 118 AB Global Bond Fund | **ABFunds.com** |

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------

performing services for the Fund. The directors noted that the Adviser from time to time reviews the Fund's investment strategies and from time to time proposes changes intended to improve the Fund's relative or absolute performance for the directors' consideration. They also noted the professional experience and qualifications of the Fund's portfolio management team and other senior personnel of the Adviser. The directors also considered that the Advisory Agreement provides that the Fund will reimburse the Adviser for the cost to it of providing certain clerical, accounting, administrative and other services to the Fund by employees of the Adviser or its affiliates. Requests for these reimbursements are made on a quarterly basis and subject to approval by the directors. Reimbursements, to the extent requested and paid, result in a higher rate of total compensation from the Fund to the Adviser than the fee rate stated in the Advisory Agreement. The directors noted that the methodology used to determine the reimbursement amounts had been reviewed by an independent consultant at the request of the directors. The quality of administrative and other services, including the Adviser's role in coordinating the activities of the Fund's other service providers, also was considered. The directors concluded that, overall, they were satisfied with the nature, extent and quality of services provided to the Fund under the Advisory Agreement.

#### Costs of Services Provided and Profitability
The directors reviewed a schedule of the revenues and expenses and related notes indicating the profitability of the Fund to the Adviser for calendar years 2023 and 2024 that had been prepared with an expense allocation methodology arrived at in consultation with an independent consultant at the request of the directors. The directors noted the assumptions and methods of allocation used by the Adviser in preparing fund-specific profitability data and understood that there are a number of potentially acceptable allocation methodologies for information of this type. The directors noted that the profitability information reflected all revenues and expenses of the Adviser's relationship with the Fund, including those relating to its subsidiaries that provide transfer agency and distribution services to the Fund. The directors recognized that it is difficult to make comparisons of the profitability of the Advisory Agreement with the profitability of fund advisory contracts for unaffiliated funds because comparative information is not generally publicly available and is affected by numerous factors. The directors focused on the profitability of the Adviser's relationship with the Fund before taxes and distribution expenses. The directors concluded that the Adviser's level of profitability from its relationship with the Fund was not unreasonable.

#### Fall-Out Benefits
The directors considered the other benefits to the Adviser and its affiliates from their relationships with the Fund and the money market fund advised by the Adviser in which the Fund invests, including, but not limited to, benefits relating to 12b-1 fees and sales charges received by the Fund's principal underwriter (which is a wholly owned subsidiary of the Adviser) in respect of certain classes of the Fund's shares; and transfer agency fees paid by the Fund to a wholly owned subsidiary of the Adviser. The directors recognized that the Adviser's

---

| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 119 |

---

------

profitability would be somewhat lower without these benefits. The directors understood that the Adviser also might derive reputational and other benefits from its association with the Fund.

#### Investment Results
In addition to the information reviewed by the directors in connection with the Meeting, the directors receive detailed performance information for the Fund at each regular Board meeting during the year.

At the Meeting, the directors reviewed performance information prepared by an independent service provider (the "15(c) service provider"), showing the performance of the Advisor Class shares of the Fund against a group of similar funds ("peer group") and a larger group of similar funds ("peer universe"), each selected by the 15(c) service provider, and information prepared by the Adviser showing performance of the Advisor Class shares against a broad-based securities market index, in each case for the 1-, 3-, 5- and 10-year periods ended May 31, 2025 and (in the case of comparisons with the broad-based securities market index) for the period from inception. The directors discussed with the Adviser the reasons for the Fund's underperformance in the more recent periods reviewed and determined to continue to monitor the Fund's performance closely.

#### Advisory Fees and Other Expenses
The directors considered the advisory fee rate payable by the Fund to the Adviser and information prepared by the 15(c) service provider concerning advisory fee rates payable by other funds in the same category as the Fund. The directors recognized that it is difficult to make comparisons of advisory fees because there are variations in the services that are included in the fees payable by other funds. The directors compared the Fund's contractual effective advisory fee rate with a peer group median and noted that it was equal to the median. They also noted that the Adviser's total rate of compensation, taking into account the impact of the administrative expense reimbursement paid to the Adviser in the latest fiscal year, was equal to the median.

The directors also considered the Adviser's fee schedule for other clients utilizing investment strategies similar to those of the Fund. For this purpose, they reviewed the relevant advisory fee information from the Adviser's Form ADV and in a report from the Fund's Senior Vice President and noted the differences between the Fund's fee schedule, on the one hand, and the Adviser's institutional fee schedule and the schedule of fees charged by the Adviser to any offshore funds and for services to any sub-advised funds utilizing investment strategies similar to those of the Fund, on the other. The directors noted that the Adviser may, in some cases, agree to fee rates with large institutional clients that are lower than those reviewed by the directors and that they had previously discussed with the Adviser its policies in respect of such arrangements.

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| | |
|:---|:---|
| 120 AB Global Bond Fund | **ABFunds.com** |

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The Adviser reviewed with the directors the significantly greater scope of the services it provides to the Fund relative to institutional, offshore fund and sub-advised fund clients. In this regard, the Adviser noted, among other things, that, compared to institutional and offshore or sub-advisory accounts, the Fund (i) demands considerably more portfolio management, research and trading resources due to significantly higher daily cash flows; (ii) has more tax and regulatory restrictions and compliance obligations; (iii) must prepare and file or distribute regulatory and other communications about fund operations; and (iv) must provide shareholder servicing to retail investors. The Adviser also reviewed the greater legal risks presented by the large and changing population of Fund shareholders who may assert claims against the Adviser in individual or class actions, and the greater entrepreneurial risk in offering new fund products, which require substantial investment to launch, may not succeed, and generally must be priced to compete with larger, more established funds resulting in lack of profitability to the Adviser until a new fund achieves scale. In light of the substantial differences in services rendered by the Adviser to institutional, offshore fund and sub-advised fund clients as compared to the Fund, and the different risk profile, the directors considered these fee comparisons inapt and did not place significant weight on them in their deliberations.

In connection with their review of the Fund's advisory fee, the directors also considered the total expense ratio of the Advisor Class shares of the Fund in comparison to the medians for a peer group and a peer universe selected by the 15(c) service provider. The Advisor Class expense ratio of the Fund was based on the Fund's latest fiscal year. The directors noted that it was likely that the expense ratios of some of the other funds in the Fund's category were lowered by waivers or reimbursements by those funds' investment advisers, which in some cases might be voluntary or temporary. The directors view expense ratio information as relevant to their evaluation of the Adviser's services because the Adviser is responsible for coordinating services provided to the Fund by others. The directors noted that the Fund's expense ratio was lower than the medians. Based on their review, the directors concluded that the Fund's expense ratio was acceptable.

#### Economies of Scale
The directors noted that the advisory fee schedule for the Fund contains breakpoints and that the Fund's net assets were higher than the breakpoint levels. Accordingly, the Fund's current effective advisory fee rate reflected a reduction due to the breakpoints and would be further reduced to the extent the net assets of the Fund increase. The directors took into consideration prior presentations by an independent consultant on economies of scale in the mutual fund industry and for the AB Funds, and presentations from time to time by the Adviser concerning certain of its views on economies of scale. The directors also had requested and received from the Adviser certain updates on economies of scale in advance of the Meeting. The directors believe that economies of scale may be realized (if at all) by the Adviser across a variety of products and services, and not only in respect of a single fund. The directors noted that there is no

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 121 |

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established methodology for setting breakpoints that give effect to the fund-specific services provided by a fund's adviser and to the economies of scale that an adviser may realize in its overall mutual fund business or those components of it which directly or indirectly affect a fund's operations. The directors observed that in the mutual fund industry as a whole, as well as among funds similar to the Fund, there is no uniformity or pattern in the fees and asset levels at which breakpoints (if any) apply. The directors also noted that the advisory agreements for many funds do not have breakpoints at all. Having taken these factors into account, the directors concluded that the Fund's breakpoint arrangements were acceptable and provide a means for sharing of any economies of scale. The directors also determined to monitor changes in the Fund's asset levels to inform possible future consideration of a recommendation that the Adviser add an additional breakpoint to the fee schedule.

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| | |
|:---|:---|
| 122 AB Global Bond Fund | **ABFunds.com** |

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#### NOTES

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| | |
|:---|:---|
| **ABFunds.com** | AB Global Bond Fund 123 |

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| | |
|:---|:---|
| 124 AB Global Bond Fund | **ABFunds.com** |

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![LOGO](g25611g28a43.jpg)

AB GLOBAL BOND FUND

66 Hudson Boulevard East

New York, NY 10001

800 221 5672

GB-0151-0925 ![LOGO](g25611g22c48.jpg)

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#### ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
There were no disagreements with accountants during the reporting period.

#### ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES
There were no shareholder meetings during the reporting period.

#### ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Aggregate remuneration paid to all Directors and advisory board members are included within the Financial Statements under Item 7 of this

Form N-CSR.

#### ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.
Statement regarding basis for Approval of Investment Advisory Contract included within the Financial Statements under Item 7 of this Form N-CSR.

#### ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable to the registrant.

#### ITEM 13. PORTFOLIO MANAGERS OF CLOSED END MANAGEMENT INVESTMENT COMPANIES.
Not applicable to the registrant.

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#### ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY OF AND AFFILIDATED PURCHASERS.
Not applicable to the registrant.

#### ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
There have been no material changes to the procedures by which shareholders may recommend nominees to the Fund's Board of Directors since the Fund last provided disclosure in response to this item.

#### ITEM 16. CONTROLS AND PROCEDURES.
(a) The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-2(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no changes in the registrant's internal controls over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

------

#### ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable to the registrant.

#### ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.
Not applicable to the registrant

#### ITEM 19. EXHIBITS.
The following exhibits are attached to this Form N-CSR:

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| | |
|:---|:---|
| EXHIBIT NO. | DESCRIPTION OF EXHIBIT |
| 19(a)(1) | [Code of Ethics that is subject to the disclosure of Item 2 hereof](d25611dex99codeeth.htm) |
| 19(b)(1) | [Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](d25611dex99cert.htm) |
| 19(b)(2) | [Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](d25611dex99cert.htm) |
| 19(c) | [Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](d25611dex99906cert.htm) |

---

------

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | |
|:---|:---|
| (Registrant): AB Global Bond Fund, Inc. | (Registrant): AB Global Bond Fund, Inc. |
| By: | /s/ Onur Erzan |
|  | Onur Erzan |
|  | President |

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Date: November 28, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

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| | |
|:---|:---|
| By: | /s/ Onur Erzan |
|  | Onur Erzan |
|  | President |

---

Date: November 28, 2025

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| | |
|:---|:---|
| By: | /s/ Stephen M. Woetzel |
|  | Stephen M. Woetzel |
|  | Treasurer and Chief Financial Officer |

---

Date: November 28, 2025

## Ex-99.Code

**Exhibit 19(a)(1)** 

**CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND SENIOR FINANCIAL OFFICERS** 

**I.** **Covered Officers/Purpose of the Code** 

The AllianceBernstein Mutual Fund Complex's code of ethics (this "Code") for the investment companies within the complex (collectively, the "Funds" and each, a "Company") applies to each Company's Principal Executive Officer, Principal Financial and Accounting Officer and Controller (the "Covered Officers," each of whom is set forth in Exhibit A) for the purpose of promoting:

• honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between
personal and professional relationships;

• full, fair, accurate, timely and understandable disclosure in reports and documents that a registrant files with,
or submits to, the Securities and Exchange Commission ("SEC") and in other public communications made by the Company;

• compliance with applicable laws and governmental rules and regulations;

• the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the
Code; and

• accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

**II.** **Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest** 

**Overview**. A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his service to, the Company. For example, a conflict of interest would arise if a Covered Officer, or a member of his family, receives improper personal benefits as a result of his position with the Company. For the purposes of this Code, members of the Covered Officer's family include his or her spouse, children, stepchildren, financial dependents, parents and stepparents.

Certain conflicts of interest arise out of the relationships between Covered Officers and the Company and already are subject to conflict of interest provisions in the Investment Company Act of 1940 ("Investment Company Act") and the Investment Advisers Act of 1940 ("Investment Advisers Act"). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Company because of their status as "affiliated persons" of the Company. The Company's and the investment adviser's compliance programs and procedures are designed to prevent, or identify and correct, violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside of the parameters of this Code.

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Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between the Company and the investment adviser of which the Covered Officers are also officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Company or for the adviser, or for both), be involved in establishing policies and implementing decisions that will have different effects on the adviser and the Company. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the Company and the adviser and is consistent with the performance by the Covered Officers of their duties as officers of the Company. Thus, if performed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, such activities will be deemed to have been handled ethically. In addition, it is recognized by the Company's Board of Directors or Trustees (the "Directors") that the Covered Officers may also be officers or employees of one or more of the other Funds or of other investment companies covered by this or other codes.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of the Company.

Each Covered Officer must:

• not use his personal influence or personal relationships improperly to influence investment decisions or
financial reporting by the Company whereby the Covered Officer would benefit personally to the detriment of the Company;

• not cause the Company to take action, or fail to take action, for the individual personal benefit of the Covered
Officer rather than the benefit of the Company;

• not use material non-public knowledge of portfolio transactions made or
contemplated for the Company to trade personally or cause others to trade personally in contemplation of the market effect of such transactions;

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There are some conflict of interest situations, whether involving a Covered Officer directly or a member of his family, that should always be discussed with the General Counsel of Alliance Capital Management L.P. (the "General Counsel"), if material. Examples of these include:

• service as a director on the board of directors or trustees of any public or private company (other than a not-for-profit organization);

• the receipt of any non-nominal gifts;

• the receipt of any entertainment from any company with which the Company has current or prospective business
dealings unless such entertainment is business-related, reasonable in cost, appropriate as to time and place, and not so frequent as to raise any question of impropriety;

• any ownership interest in, or any consulting or employment relationship with, any of the Company's service
providers, other than its investment adviser, principal underwriter, administrator or any affiliated person thereof;

• a direct or indirect financial interest in commissions, transaction charges or spreads paid by the Company for
effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Covered Officer's employment, such as compensation or equity ownership.

**III.** **Disclosure and Compliance** 

• Each Covered Officer should familiarize himself with the disclosure requirements and disclosure controls and
procedures generally applicable to the Company;

• each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about the Company
to others, whether within or outside the Company, including to the Company's directors and auditors, and to governmental regulators and self-regulatory organizations;

• each Covered Officer should, to the extent appropriate within his area of responsibility, consult with other
officers and employees of the Funds and the adviser with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Funds file with, or submit to, the SEC and in other public communications made
by the Funds; and

------

• it is the responsibility of each Covered Officer to promote compliance with the standards and restrictions
imposed by applicable laws, rules and regulations.

**IV.** **Reporting and Accountability** 

Each Covered Officer must:

• upon adoption of the Code (or thereafter as applicable, upon becoming a Covered Officer), affirm in writing to
the General Counsel that he has received, read, and understands the Code;

• annually thereafter affirm to the General Counsel that he has complied with the requirements of the Code;

• complete at least annually a questionnaire relating to affiliations or other relationships that may give rise to
conflicts of interest;

• not retaliate against any other Covered Officer or any employee of the Company or their affiliated persons for
reports of potential violations that are made in good faith; and

• notify the General Counsel promptly if he knows of any violation of this Code. Failure to do so is itself a
violation of this Code.

The General Counsel is responsible for applying this Code to specific situations in which questions are presented under it and has the authority to interpret this Code in any particular situation. However, waivers sought by a Covered Officer will be considered by the Company's Audit Committee (the "Committee").

The Company will follow these procedures in investigating and enforcing this Code:

• the General Counsel will take all appropriate action to investigate any potential violations reported to him;

• if, after such investigation, the General Counsel believes that no material violation has occurred, the General
Counsel is not required to take any further action;

• any matter that the General Counsel believes is a material violation will be reported to the Committee;

• if the Committee concurs that a material violation has occurred, it will inform and make a recommendation to the
Directors, who will consider appropriate action, which may include review of, and appropriate modifications to, applicable policies and procedures; notification to appropriate personnel of the investment adviser or its board; or a recommendation to
dismiss the Covered Officer;

• the Committee will be responsible for granting waivers, as appropriate; and

• any changes to or waivers of this Code will, to the extent required, be disclosed as provided by SEC rules.

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**V.** **Other Policies and Procedures** 

This Code shall be the sole code of ethics adopted by the Company for purposes of Section 406 of the Sarbanes-Oxley Act and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Company, the Company's adviser, principal underwriter, or other service providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, it is understood that this Code is in all respects separate and apart from, and operates independently of, any such policies and procedures. In particular, the Company's and its investment adviser's and principal underwriter's codes of ethics under Rule 17j-l under the Investment Company Act are separate requirements applying to the Covered Officers and others, and are not part of this Code.

**VI.** **Amendments** 

Any amendments to this Code, other than amendments to Exhibit A, must be approved or ratified by a majority vote of the Directors, including a majority of independent directors.

**VII.** **Confidentiality** 

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Directors, the investment adviser, their counsel, counsel to the Company and, if deemed appropriate by the Directors of the Company, to the Directors of the other Funds.

**VIII.** **Internal Use** 

The Code is intended solely for internal use by the Funds and does not constitute an admission, by or on behalf of any Company, as to any fact, circumstance, or legal conclusion.

Date: July 22, 2003, as amended March 17, 2004

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Exhibit A

<u>Persons Covered by this Code of Ethics</u> 

Principal Executive Officer

Principal Financial and Accounting Officer

Controller

## Ex-99.Cert

**Exhibit 19(b)(1)** 

**CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER** 

I, Onur Erzan, President of AB Global Bond Fund, Inc., certify that:

1. I have reviewed this report on Form N-CSR of AB Global Bond Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a) Designed such disclosure controls and procedures to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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5. The registrant's other certifying officers and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 28, 2025

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| | |
|:---|:---|
| By: | /s/ Onur Erzan |
|  | Onur Erzan |
|  | President |

---

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**Exhibit 19(b)(2)** 

**CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER** 

I, Stephen M. Woetzel, Treasurer and Chief Financial Officer of AB Global Bond Fund, Inc., certify that:

1. I have reviewed this report on Form N-CSR of AB Global Bond Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a) Designed such disclosure controls and procedures to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

------

5. The registrant's other certifying officers and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 28, 2025

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| | |
|:---|:---|
| By: | /s/ Stephen M. Woetzel |
|  | Stephen M. Woetzel |
|  | Treasurer and Chief Financial Officer |

---

## Exhibit 99.906

**EXHIBIT 19(c)** 

**CERTIFICATION PURSUANT TO SECTION 906 OF THE** 

**SARBANES-OXLEY ACT** 

Pursuant to 18 U.S.C. 1350, each of the undersigned, being the Principal Executive Officer and Principal Financial Officer of AB Global Bond Fund, Inc. (the "Registrant"), hereby certifies that the Registrant's report on Form N-CSR for the period ended September 30, 2025 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: November 28, 2025

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| | |
|:---|:---|
| By: | /s/ Onur Erzan |
|  | Onur Erzan |
|  | President |
| By: | /s/ Stephen M. Woetzel |
|  | Stephen M. Woetzel |
|  | Treasurer and Chief Financial Officer |

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This certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and is not being filed as part of the Report or as a separate disclosure document.

A signed original of this written statement required by Section 906 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.