Ab Global Bond Fund N-CSRS Certified semi-annual shareholder report (management investment company)

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)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Stephen M. Woetzel

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

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

Date of fiscal year end: September 30, 2024

Date of reporting period: March 31, 2024

ITEM 1. REPORTS TO STOCKHOLDERS.

MAR^03.31.24

SEMI-ANNUAL REPORT

AB GLOBAL BOND FUND

Investment Products Offered •  Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed

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 is a registered service mark of AllianceBernstein and AllianceBernstein^® is a registered service mark used by permission of the owner, AllianceBernstein L.P.

FROM THE PRESIDENT

Dear Shareholder,

We’re pleased to provide this report for the AB Global Bond Fund (the “Fund”). Please review the discussion of Fund performance, the market conditions during the reporting period and the Fund’s investment strategy.

At AB, we’re striving to help our clients achieve better outcomes by:

⁺  Fostering diverse perspectives that give us a distinctive approach to navigating global capital markets

⁺  Applying differentiated investment insights through a connected global research network

⁺  Embracing innovation to design better ways to invest and leading-edge mutual-fund solutions

Whether you’re an individual investor or a multibillion-dollar institution, we’re putting our knowledge and experience to work for you every day.

For more information about AB’s comprehensive range of products and shareholder resources, please log on to www.abfunds.com.

Thank you for your investment in AB mutual funds—and for placing your trust in our firm.

Sincerely,

Onur Erzan

President and Chief Executive Officer, AB Mutual Funds

abfunds.com AB GLOBAL BOND  FUND ^| 1

SEMI-ANNUAL REPORT

May 14, 2024

This report provides management’s discussion of fund performance for the AB Global Bond Fund for the semi-annual reporting period ended March 31, 2024.

The Fund’s investment objective is to generate current income consistent with preservation of capital.

NAV RETURNS AS OF MARCH 31, 2024 (unaudited)

	6 Months		12 Months
AB GLOBAL BOND FUND
Class A Shares		6.75%		3.94%
Class C Shares		6.48%		3.30%
Advisor Class Shares1		7.05%		4.36%
Class R Shares1		6.68%		3.32%
Class K Shares1		6.68%		3.64%
Class I Shares1		7.04%		4.19%
Class Z Shares1		7.07%		4.24%
Bloomberg Global Aggregate Bond Index (USD hedged)		6.00%		4.14%

1 Please note that these share classes are for investors purchasing shares through accounts established under certain fee-based programs sponsored and maintained by certain broker-dealers and financial intermediaries, institutional pension plans and/or investment advisory clients of, and certain other persons associated with, the Adviser and its affiliates or the Fund.

INVESTMENT RESULTS

The table above shows the Fund’s performance compared with its benchmark, the Bloomberg Global Aggregate Bond Index (USD hedged), for the six- and 12-month periods ended March 31, 2024.

During the six-month period, all share classes outperformed the benchmark, before sales charges. Country allocation (a result of bottom-up security analysis combined with fundamental research) was the largest contributor to relative performance, from overweights to Canada and South Korea, and underweights to Japan and China. Sector allocation also contributed, because of an underweight to US Treasuries and off-benchmark exposure to US high-yield corporate bonds that were partially offset by a loss from off-benchmark exposure to US Treasury Investment Protected Securities (“TIPS”). Security selection added to performance, from selections in US and eurozone investment-grade corporate bonds, and emerging-market corporate bonds that were partially offset by a loss from selections among US agency mortgages. Yield-curve positioning contributed, as overall positioning in the US, UK and Australia, offset by

2 ^| AB GLOBAL BOND FUND abfunds.com

losses from overall positioning in South Korea, the eurozone and Hungary. Currency decisions were a minor contributor to results, from short positions in the Czech koruna and Hungarian forint, and a long position in the South African rand.

Over the 12-month period, all share classes except for the Advisor Class and classes I and Z underperformed the benchmark, before sales charges. Currency decisions detracted the most from relative performance, mostly from long positions in the Japanese yen, Norwegian krone, South African rand and Chinese renminbi that were partially offset by gains from short positions in the New Zealand dollar, Australian dollar and Czech koruna, and a long position in the Peruvian sol. Sector allocation contributed, mainly from an underweight to US Treasuries and off-benchmark exposure to US and eurozone high-yield corporates, and agency risk-sharing transactions that were partially offset by a loss from off-benchmark exposure to US TIPS. Security selection also added to performance, from selections in US and eurozone investment-grade corporate bonds, and eurozone high-yield corporates that were offset by a loss from selections in US agency mortgages. Country allocation contributed, from an underweight to China, an overweight to South Korea and off-benchmark allocation to Brazil that was partially offset by a loss from being underweight Japan. Overall yield-curve positioning was a minor contributor to performance.

During both periods, the Fund used derivatives in the form of interest rate swaps and futures to manage and hedge duration risk and/or to take active yield-curve positioning. The Fund used currency forwards to hedge foreign currency exposure and to take active currency risk. Credit default swaps were used to hedge credit risk and as a tool to effectively gain exposure to specific sectors.

MARKET REVIEW AND INVESTMENT STRATEGY

During the six-month period ended March 31, 2024, fixed-income government bond market yields were volatile as investors adjusted their expectations for inflation, economic growth and central bank decisions. Global developed-market yields peaked in mid-October, then fell sharply through the end of 2023 and were flat overall in the first calendar quarter as investors recalibrated the timing and amount of interest-rate cuts by major central banks over the course of 2024. Government bond returns were positive across all major developed countries during the period—rising the most in Italy and by the least in Japan. Overall, developed-market investment-grade corporate bonds rose and outperformed government bonds, as corporates outperformed treasuries in the US and trailed eurozone treasuries in the euro area. Developed-market high-yield corporate bonds advanced and outperformed treasury markets by a wide margin, particularly in the US, and by a lesser margin in the eurozone. Emerging-market hard-currency sovereign bonds significantly outperformed developed-market treasuries, mainly

abfunds.com AB GLOBAL BOND  FUND ^| 3

due to the performance of high-yield sovereigns. Emerging-market hard-currency corporate bonds overall also had solid results, driven by high-yield corporates. Emerging-market local-currency bonds trailed other credit risk sectors as the US dollar rose against the majority of currencies over the period.

The Fund’s Senior Investment Management Team (the “Team”) invests in fixed-income securities with no sector restrictions. The Fund holds debt securities from both developed and emerging markets. The Team’s core fixed-income strategy pursues an attractive risk/return profile by managing currency exposure. The Team utilizes a disciplined investment process, which draws on a rigorous quantitative research toolset with fundamental expertise across all regions and markets.

INVESTMENT POLICIES

The Fund invests, under normal circumstances, at least 80% of its net assets in fixed-income securities. Under normal market conditions, the Fund invests significantly in fixed-income securities of non-US companies. In addition, the Fund invests, under normal circumstances, in the fixed-income securities of companies located in at least three countries. The Fund may invest in a broad range of fixed-income securities in both developed and emerging markets. The Fund may invest across all fixed-income sectors, including US and non-US government and corporate debt securities. The Fund’s investments may be denominated in local currency or US dollar-denominated. The Fund may invest in debt securities with a range of maturities from short- to long-term. The Fund may use borrowings or other leverage for investment purposes.

The Adviser actively manages the Fund’s assets in relation to market conditions and general economic conditions and adjusts the Fund’s investments in an effort to best enable the Fund to achieve its investment objective. Thus, the percentage of the Fund’s assets invested in a particular country or denominated in a particular currency will vary in accordance with the Adviser’s assessment of the relative yield and appreciation potential of such securities and the relationship of the country’s currency to the US dollar.

Under normal circumstances, the Fund invests at least 75% of its net assets in fixed-income securities rated investment-grade at the time of investment and may invest up to 25% of its net assets in below investment-grade fixed-income securities (commonly known as “junk bonds”).

(continued on next page)

4 ^| AB GLOBAL BOND FUND abfunds.com

The Fund may invest in mortgage-related and other asset-backed securities; loan participations and assignments; inflation-indexed securities; structured securities; variable-, floating-and inverse-floating-rate instruments; and preferred stock, and may use other investment techniques. The Fund intends, among other things, to enter into transactions such as reverse repurchase agreements and dollar rolls. The Fund may invest in derivatives, such as options, futures contracts, forwards or swaps.

abfunds.com AB GLOBAL BOND  FUND ^| 5

DISCLOSURES AND RISKS

Benchmark Disclosure

The Bloomberg Global Aggregate Bond Index (USD hedged) is unmanaged and does not reflect fees and expenses associated with the active management of a mutual fund portfolio. The Bloomberg Global Aggregate Bond Index represents the performance of the global investment-grade developed fixed-income markets, hedged to the US dollar. An investor cannot invest directly in an index, and its results are not indicative of the performance for any specific investment, including the Fund.

A Word About Risk

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) 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. The Fund may be subject to a greater risk of rising interest rates than would normally be the case due to the recent end of a period of historically low rates and the effects of potential central bank monetary policy, and government fiscal policy, initiatives and market reactions to those initiatives.

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.

6 ^| AB GLOBAL BOND FUND abfunds.com

DISCLOSURES AND RISKS (continued)

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-US) Risk: Investments in securities of non-US issuers may involve more risk than those of US issuers. These securities may fluctuate more widely in price and may be more difficult to trade 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 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: To the extent the Fund uses leveraging techniques, its net asset value (“NAV”) may be more volatile because leverage tends to exaggerate the effect of changes in interest rates and any increase or decrease in the value of the Fund’s investments.

Derivatives Risk: Derivatives may be difficult to price or unwind and leveraged so that small changes may produce disproportionate losses for

abfunds.com AB GLOBAL BOND  FUND ^| 7

DISCLOSURES AND RISKS (continued)

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.

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.

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.

These risks are fully discussed in the Fund’s prospectus. As with all investments, you may lose money by investing in the Fund.

An Important Note About Historical Performance

The investment return and principal value of an investment in the Fund will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Performance shown in this report represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting www.abfunds.com.

8 ^| AB GLOBAL BOND FUND abfunds.com

DISCLOSURES AND RISKS (continued)

All fees and expenses related to the operation of the Fund have been deducted. NAV returns do not reflect sales charges; if sales charges were reflected, the Fund’s quoted performance would be lower. SEC returns reflect the applicable sales charges for each share class: a 4.25% maximum front-end sales charge for Class A shares and a 1% 1-year contingent deferred sales charge for Class C shares. Returns for the different share classes will vary due to different expenses associated with each class. Performance assumes reinvestment of distributions and does not account for taxes.

abfunds.com AB GLOBAL BOND  FUND ^| 9

HISTORICAL PERFORMANCE

AVERAGE ANNUAL RETURNS AS OF MARCH 31, 2024 (unaudited)

	NAV Returns		SEC Returns (reflects applicable sales charges)		SEC Yields1
CLASS A SHARES						3.20%
1 Year		3.94%		-0.41%
5 Years		0.23%		-0.63%
10 Years		1.75%		1.31%
CLASS C SHARES						2.59%
1 Year		3.30%		2.30%
5 Years		-0.50%		-0.50%
10 Years2		0.99%		0.99%
ADVISOR CLASS SHARES4						3.59%
1 Year		4.36%		4.36%
5 Years		0.51%		0.51%
10 Years		2.02%		2.02%
CLASS R SHARES3						2.90%
1 Year		3.32%		3.32%
5 Years		-0.22%		-0.22%
10 Years		1.31%		1.31%
CLASS K SHARES3						3.22%
1 Year		3.64%		3.64%
5 Years		0.09%		0.09%
10 Years		1.63%		1.63%
CLASS I SHARES4						3.58%
1 Year		4.19%		4.19%
5 Years		0.50%		0.50%
10 Years		2.02%		2.02%
CLASS Z SHARES4						3.64%
1 Year		4.24%		4.24%
5 Years		0.55%		0.55%
10 Years		2.07%		2.07%

The Fund’s prospectus fee table shows the Fund’s total annual operating expense ratios as 0.80%, 1.55%, 0.55%, 1.40%, 1.05%, 0.57% and 0.52% for Class A, Class C, Advisor Class, Class R, Class K, Class I and Class Z shares, respectively, gross of any fee waivers or expense reimbursements. The Financial Highlights section of this report sets forth expense ratio data for the current reporting period; the expense ratios shown above may differ from the expense ratios in the Financial Highlights section since they are based on different time periods.

1 SEC yields are calculated based on SEC guidelines for the 30-day period ended March 31, 2024.

2 Assumes conversion of Class C shares into Class A shares after eight years.

3 These share classes are no longer offered to new investors. Outstanding share classes will be liquidated on or about May 21, 2024.

4 These share classes are offered at NAV to eligible investors and their SEC returns are the same as their NAV returns. Please note that these share classes are for investors purchasing shares through accounts established under certain fee-based programs sponsored and maintained by certain broker-dealers and financial intermediaries, institutional pension plans and/or investment advisory clients of, and certain other persons associated with, the Adviser and its affiliates or the Fund.

10 ^| AB GLOBAL BOND FUND abfunds.com

HISTORICAL PERFORMANCE (continued)

SEC AVERAGE ANNUAL RETURNS

AS OF THE MOST RECENT CALENDAR QUARTER-END

MARCH 31, 2024 (unaudited)

	SEC Returns (reflects applicable sales charges)
CLASS A SHARES
1 Year		-0.41%
5 Years		-0.63%
10 Years		1.31%
CLASS C SHARES
1 Year		2.30%
5 Years		-0.50%
10 Years1		0.99%
ADVISOR CLASS SHARES2
1 Year		4.36%
5 Years		0.51%
10 Years		2.02%
CLASS R SHARES2
1 Year		3.32%
5 Years		-0.22%
10 Years		1.31%
CLASS K SHARES2
1 Year		3.64%
5 Years		0.09%
10 Years		1.63%
CLASS I SHARES3
1 Year		4.19%
5 Years		0.50%
10 Years		2.02%
CLASS Z SHARES3
1 Year		4.24%
5 Years		0.55%
10 Years		2.07%

1 Assumes conversion of Class C shares into Class A shares after eight years.

2 These share classes are no longer offered to new investors. Outstanding share classes will be liquidated on or about May 21, 2024.

3 Please note that these share classes are for investors purchasing shares through accounts established under certain fee-based programs sponsored and maintained by certain broker-dealers and financial intermediaries, institutional pension plans and/or investment advisory clients of, and certain other persons associated with, the Adviser and its affiliates or the Fund.

abfunds.com AB GLOBAL BOND  FUND ^| 11

EXPENSE EXAMPLE

(unaudited)

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, contingent deferred sales charges on redemptions and (2) ongoing costs, including management fees; distribution (12b-1) fees; and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period as indicated below.

Actual Expenses

The table below provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The table below provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed annual rate of return of 5% before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds by comparing this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), or contingent deferred sales charges on redemptions. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

12 ^| AB GLOBAL BOND FUND abfunds.com

EXPENSE EXAMPLE (continued)

	Beginning Account Value October 1, 2023		Ending Account Value March 31, 2024		Expenses Paid During Period*		Annualized Expense Ratio*
Class A
Actual	$	1,000	$	1,067.50	$	4.14		0.80	%
Hypothetical**	$	1,000	$	1,021.00	$	4.04		0.80	%
Class C
Actual	$	1,000	$	1,064.80	$	8.00		1.55	%
Hypothetical**	$	1,000	$	1,017.25	$	7.82		1.55	%
Advisor Class
Actual	$	1,000	$	1,070.50	$	2.85		0.55	%
Hypothetical**	$	1,000	$	1,022.25	$	2.78		0.55	%
Class R
Actual	$	1,000	$	1,066.80	$	6.46		1.25	%
Hypothetical**	$	1,000	$	1,018.75	$	6.31		1.25	%
Class K
Actual	$	1,000	$	1,066.80	$	4.86		0.94	%
Hypothetical**	$	1,000	$	1,020.30	$	4.75		0.94	%
Class I
Actual	$	1,000	$	1,070.40	$	2.95		0.57	%
Hypothetical**	$	1,000	$	1,022.15	$	2.88		0.57	%
Class Z
Actual	$	1,000	$	1,070.70	$	2.69		0.52	%
Hypothetical**	$	1,000	$	1,022.40	$	2.63		0.52	%

* Expenses are equal to the classes’ annualized expense ratios multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period).

** Assumes 5% annual return before expenses.

abfunds.com AB GLOBAL BOND  FUND ^| 13

PORTFOLIO SUMMARY

March 31, 2024 (unaudited)

PORTFOLIO STATISTICS

Net Assets ($mil): $5,747.2

1 The Fund’s security type breakdown is expressed as a percentage of total investments and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” security type weightings represent 1.1% or less in the following security types: Bank Loans, Common Stocks, Emerging Markets–Corporate Bonds, Emerging Markets–Treasuries, Local Governments–Canadian Municipal Bonds, Local Governments–Provincial Bonds, Local Governments–US Municipal Bonds, Quasi-Sovereigns and Supranationals.

2 The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” country

(footnotes continued on next page)

14 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO SUMMARY (continued)

March 31, 2024 (unaudited)

weightings represent 0.9% or less in the following: Belgium, Brazil, Chile, Colombia, Czech Republic, Denmark, Finland, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Kazakhstan, Kuwait, Luxembourg, Macau, Malaysia, Netherlands, Norway, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Saudi Arabia, Singapore, South Africa, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates and Uruguay.

abfunds.com AB GLOBAL BOND  FUND ^| 15

PORTFOLIO OF INVESTMENTS

March 31, 2024 (unaudited)

		Principal Amount (000)		U.S. $ Value
GOVERNMENTS -TREASURIES – 39.6%
Australia – 0.1%
Australia Government Bond Series 150 3.00%, 03/21/2047(a)	AUD		14,094	$	7,372,180
Austria – 2.3%
Republic of Austria Government Bond Zero Coupon, 02/20/2030(a)	EUR		5,136		4,748,733
0.90%, 02/20/2032(a)			134,824		126,641,380
					131,390,113
Belgium – 0.4%
Kingdom of Belgium Government Bond Series 100 2.85%, 10/22/2034(a)			11,236		12,093,567
Series 84 1.45%, 06/22/2037(a)			15,031		13,474,757
					25,568,324
Canada – 3.5%
Canadian Government Bond 2.25%, 12/01/2029	CAD		4,594		3,196,892
3.25%, 09/01/2028			7,746		5,649,759
3.50%, 03/01/2028			264,447		194,620,980
					203,467,631
China – 7.3%
China Government Bond Series INBK 2.37%, 01/15/2029	CNY		1,374,590		191,594,143
2.40%, 07/15/2028			839,640		116,994,440
2.80%, 03/24/2029			181,350		25,728,663
2.80%, 11/15/2032			136,540		19,470,909
3.01%, 05/13/2028			396,870		56,645,434
3.81%, 09/14/2050			54,220		9,158,041
					419,591,630
Colombia – 0.6%
Colombian TES Series B 13.25%, 02/09/2033	COP		105,120,000		31,981,729
Germany – 1.6%
Bundesrepublik Deutschland Bundesanleihe 1.00%, 05/15/2038(a)	EUR		27,974		25,041,637
3.25%, 07/04/2042(a)			53,835		64,605,808
					89,647,445

16 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Indonesia – 0.6%
Indonesia Treasury Bond Series 101 6.875%, 04/15/2029	IDR		509,036,000	$	32,486,979
Italy – 0.3%
Italy Buoni Poliennali Del Tesoro Series 30Y 4.50%, 10/01/2053(a)	EUR		14,767		16,792,675
Japan – 6.1%
Japan Government Five Year Bond Series 161 0.30%, 06/20/2028	JPY		17,938,100		118,546,014
Japan Government Forty Year Bond Series 16 1.30%, 03/20/2063			4,464,500		24,834,311
Japan Government Ten Year Bond Series 371 0.40%, 06/20/2033			5,607,850		36,238,591
Series 373 0.60%, 12/20/2033			5,056,550		33,083,390
Japan Government Thirty Year Bond Series 65 0.40%, 12/20/2049			604,000		2,955,685
Series 68 0.60%, 09/20/2050			3,699,600		18,858,617
Series 81 1.60%, 12/20/2053			2,350,700		15,028,759
Japan Government Twenty Year Bond Series 159 0.60%, 12/20/2036			4,022,550		25,489,836
Series 169 0.30%, 06/20/2039			1,984,250		11,561,461
Series 183 1.40%, 12/20/2042			9,650,800		63,898,759
					350,495,423
Mexico – 0.5%
Mexican Bonos Series M 8.00%, 11/07/2047	MXN		105,132		5,452,404
8.50%, 05/31/2029			406,245		23,688,156
					29,140,560
South Korea – 1.3%
Korea Treasury Bond Series 3312 4.125%, 12/10/2033	KRW		91,949,350		72,371,225

abfunds.com AB GLOBAL BOND  FUND ^| 17

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Spain – 0.9%
Spain Government Bond 3.90%, 07/30/2039(a)	EUR		45,853	$	51,855,068
United Kingdom – 5.5%
United Kingdom Gilt 0.50%, 01/31/2029(a)	GBP		12,892		13,912,635
0.875%, 01/31/2046(a)			47,452		30,657,000
1.25%, 10/22/2041(a)			7,042		5,575,956
1.50%, 07/31/2053(a)			192		127,951
1.75%, 09/07/2037(a)			28,348		27,084,357
3.75%, 01/29/2038(a)			22,999		27,760,887
3.75%, 10/22/2053(a)			253		285,000
4.625%, 01/31/2034(a)			151,806		202,481,561
4.75%, 10/22/2043(a)			6,048		8,007,380
					315,892,727
United States – 8.6%
U.S. Treasury Bonds 1.125%, 05/15/2040	U.S.$		118,732		74,281,457
1.125%, 08/15/2040(b)			110,345		68,379,417
1.25%, 05/15/2050			118,464		60,712,903
1.75%, 08/15/2041			39,116		26,427,612
1.875%, 02/15/2051			7,363		4,445,351
2.00%, 08/15/2051			17,695		10,984,661
U.S. Treasury Notes 4.00%, 01/31/2029(b)			129,810		128,552,070
4.25%, 02/28/2029			121,885		122,113,534
					495,897,005
Total Governments - Treasuries (cost $2,417,303,175)					2,273,950,714
CORPORATES - INVESTMENT GRADE – 26.7%
Industrial – 12.7%
Basic – 0.3%
Air Products & Chemicals, Inc. 4.00%, 03/03/2035	EUR		205		231,565
Akzo Nobel NV Series E 1.625%, 04/14/2030(a)			272		264,803
Amcor UK Finance PLC 1.125%, 06/23/2027			103		103,097
Anglo American Capital PLC 2.625%, 09/10/2030(a)	U.S.$		580		494,003
2.875%, 03/17/2031(a)			316		268,886
Series E 1.625%, 09/18/2025(a)	EUR		506		529,368
4.75%, 09/21/2032(a)			389		440,467

18 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
AngloGold Ashanti Holdings PLC 3.375%, 11/01/2028	U.S.$		203	$	182,777
3.75%, 10/01/2030			208		180,721
BHP Billiton Finance Ltd. Series 17 1.50%, 04/29/2030(a)	EUR		225		216,500
Celanese US Holdings LLC 6.05%, 03/15/2025	U.S.$		25		25,051
Celulosa Arauco y Constitucion SA 3.875%, 11/02/2027			200		187,125
5.50%, 04/30/2049(a)			260		221,527
Dow Chemical Co. (The) 6.90%, 05/15/2053			111		128,201
FMC Corp. 6.375%, 05/18/2053			124		123,559
Freeport Indonesia PT 4.76%, 04/14/2027(a)			320		312,160
5.315%, 04/14/2032(a)			634		618,943
Fresnillo PLC 4.25%, 10/02/2050(a)			240		180,653
GC Treasury Center Co., Ltd. 4.40%, 03/30/2032(a)			200		181,813
Georgia-Pacific LLC 0.95%, 05/15/2026(a)			308		282,405
Glencore Capital Finance DAC Series E 1.25%, 03/01/2033(a)	EUR		325		282,489
Glencore Funding LLC 5.34%, 04/04/2027(a)	U.S.$		605		604,686
5.37%, 04/04/2029(a)			130		130,196
5.63%, 04/04/2034(a)			130		130,367
5.89%, 04/04/2054(a)			130		131,745
Gold Fields Orogen Holdings BVI Ltd. 6.125%, 05/15/2029(a)			200		202,000
Industrias Penoles SAB de CV 4.75%, 08/06/2050(a)			230		180,119
Inversiones CMPC SA 3.00%, 04/06/2031(a)			210		178,959
6.125%, 02/26/2034(a)			1,836		1,862,966
LG Chem Ltd. 2.375%, 07/07/2031(a)			510		421,706
Linde PLC 3.625%, 06/12/2034(a)	EUR		200		221,906
LYB International Finance BV 4.875%, 03/15/2044	U.S.$		662		589,304
LYB International Finance II BV 0.875%, 09/17/2026	EUR		214		215,980

abfunds.com AB GLOBAL BOND  FUND ^| 19

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
LYB International Finance III LLC 5.50%, 03/01/2034	U.S.$		286	$	286,423
MEGlobal BV 2.625%, 04/28/2028(a)			760		677,825
Newmont Corp./Newcrest Finance Pty Ltd. 5.35%, 03/15/2034(a)			286		287,720
Nucor Corp. 3.95%, 05/23/2025			191		188,095
4.30%, 05/23/2027			128		125,540
Orbia Advance Corp. SAB de CV 2.875%, 05/11/2031(a)			280		232,050
POSCO 5.75%, 01/17/2028(a)			200		202,688
Rio Tinto Finance USA PLC 5.125%, 03/09/2053			120		116,662
Smurfit Kappa Treasury ULC 1.50%, 09/15/2027(a)	EUR		265		267,050
Sociedad Quimica y Minera de Chile SA 6.50%, 11/07/2033(a)	U.S.$		250		259,763
Southern Copper Corp. 3.875%, 04/23/2025			180		176,396
5.875%, 04/23/2045			170		170,809
7.50%, 07/27/2035			200		230,031
Suzano Austria GmbH 6.00%, 01/15/2029			2,471		2,480,143
Series DM3N 3.125%, 01/15/2032			300		248,906
WRKCo, Inc. 4.90%, 03/15/2029			384		381,323
					16,657,471
Capital Goods – 0.2%
3M Co. 1.50%, 06/02/2031	EUR		268		251,656
2.65%, 04/15/2025	U.S.$		194		188,409
AGCO International Holdings BV 0.80%, 10/06/2028(a)	EUR		341		323,995
Boeing Co. (The) 2.20%, 02/04/2026	U.S.$		397		371,762
5.805%, 05/01/2050			187		176,864
5.93%, 05/01/2060			140		131,129
Caterpillar Financial Services Corp. 4.85%, 02/27/2029			643		646,849
5.05%, 02/27/2026			643		643,925
CNH Industrial Capital LLC 1.45%, 07/15/2026			205		188,179
5.10%, 04/20/2029			80		79,793

20 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
CNH Industrial Finance Europe SA Series E 1.625%, 07/03/2029(a)	EUR		261	$	256,895
1.75%, 09/12/2025(a)			210		220,771
CRH America, Inc. 3.875%, 05/18/2025(a)	U.S.$		511		501,127
CRH SMW Finance DAC Series E 4.00%, 07/11/2027(a)	EUR		190		208,651
4.00%, 07/11/2031(a)			100		111,243
Heidelberg Materials AG 3.75%, 05/31/2032(a)			203		220,872
Holcim Finance Luxembourg SA 0.50%, 04/23/2031(a)			306		267,180
Series E 2.25%, 05/26/2028(a)			100		103,244
John Deere Capital Corp. 4.70%, 06/10/2030	U.S.$		267		265,727
4.85%, 03/05/2027			130		130,027
4.90%, 03/07/2031			130		130,066
4.95%, 03/06/2026			413		413,159
KION Group AG Series E 1.625%, 09/24/2025(a)	EUR		300		312,350
Lennox International, Inc. 5.50%, 09/15/2028	U.S.$		609		617,316
L3Harris Technologies, Inc. 5.05%, 06/01/2029			131		130,569
5.25%, 06/01/2031			131		130,790
5.35%, 06/01/2034			653		652,406
Lockheed Martin Corp. 3.80%, 03/01/2045			43		35,245
4.50%, 02/15/2029			285		282,647
4.80%, 08/15/2034			129		127,596
5.20%, 02/15/2055			314		313,141
5.70%, 11/15/2054			295		314,366
5.90%, 11/15/2063			521		570,812
Metso Oyj Series E 0.875%, 05/26/2028(a)	EUR		179		174,384
4.875%, 12/07/2027(a)			186		209,276
Regal Rexnord Corp. 6.05%, 04/15/2028(a)	U.S.$		408		414,079
6.30%, 02/15/2030(a)			416		426,110
RTX Corp. 2.15%, 05/18/2030	EUR		283		280,242
Safran SA 0.125%, 03/16/2026(a)			500		507,321

abfunds.com AB GLOBAL BOND  FUND ^| 21

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Schneider Electric SE Series E 3.50%, 11/09/2032(a)	EUR		200	$	222,729
St. Marys Cement, Inc. Canada 5.75%, 01/28/2027(a)	U.S.$		200		200,979
5.75%, 04/02/2034(a)			204		202,068
Textron, Inc. 6.10%, 11/15/2033			120		125,814
Trane Technologies Financing Ltd. 5.25%, 03/03/2033			42		42,680
UltraTech Cement Ltd. 2.80%, 02/16/2031(a)			410		345,681
Veralto Corp. 4.15%, 09/19/2031(a)	EUR		237		262,633
Waste Connections, Inc. 5.00%, 03/01/2034	U.S.$		128		126,915
					12,859,672
Communications - Media – 0.4%
Charter Communications Operating LLC/Charter Communications Operating Capital 4.80%, 03/01/2050			330		244,147
5.375%, 05/01/2047			3,160		2,551,279
5.75%, 04/01/2048			245		206,128
6.15%, 11/10/2026			82		82,599
6.48%, 10/23/2045			115		106,707
Comcast Corp. 3.90%, 03/01/2038			230		200,182
4.05%, 11/01/2052			300		241,538
4.65%, 07/15/2042			210		192,318
Cox Communications, Inc. 5.70%, 06/15/2033(a)			63		63,730
Discovery Communications LLC 5.20%, 09/20/2047			165		138,806
Grupo Televisa SAB 5.00%, 05/13/2045			270		227,981
6.625%, 01/15/2040			350		357,000
Informa PLC Series E 2.125%, 10/06/2025(a)	EUR		496		521,722
ITV PLC 1.375%, 09/26/2026(a)			517		527,767
JCDecaux SE 1.625%, 02/07/2030(a)			100		94,958
Meta Platforms, Inc. 4.45%, 08/15/2052	U.S.$		160		142,181
4.65%, 08/15/2062			92		82,477

22 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Paramount Global 4.20%, 05/19/2032	U.S.$		2,305	$	1,916,972
4.375%, 03/15/2043			871		591,581
4.95%, 01/15/2031			9,590		8,531,992
5.85%, 09/01/2043			262		212,068
Pearson Funding PLC 1.375%, 05/06/2025(a)	EUR		100		104,963
Prosus NV 1.21%, 01/19/2026(a)			166		170,639
1.54%, 08/03/2028(a)			230		220,519
3.06%, 07/13/2031(a)	U.S.$		578		466,735
3.26%, 01/19/2027(a)			250		230,625
3.68%, 01/21/2030(a)			970		848,022
3.83%, 02/08/2051(a)			200		123,219
TDF Infrastructure SASU 5.625%, 07/21/2028(a)	EUR		300		340,656
Tencent Holdings Ltd. 2.39%, 06/03/2030(a)	U.S.$		510		435,611
2.88%, 04/22/2031(a)			200		174,030
Time Warner Cable LLC 5.25%, 07/15/2042	GBP		100		106,923
Warnermedia Holdings, Inc. 3.755%, 03/15/2027	U.S.$		134		127,864
4.28%, 03/15/2032			38		33,964
5.05%, 03/15/2042			190		162,997
Weibo Corp. 3.50%, 07/05/2024			290		287,851
WPP Finance Deutschland GmbH Series E 1.625%, 03/23/2030(a)	EUR		100		96,036
WPP Finance 2016 Series E 1.375%, 03/20/2025(a)			234		246,582
					21,411,369
Communications - Telecommunications – 1.4%
America Movil SAB de CV 2.875%, 05/07/2030	U.S.$		340		300,581
AT&T, Inc. 0.80%, 03/04/2030	EUR		100		93,526
3.55%, 09/15/2055	U.S.$		320		223,586
4.30%, 11/18/2034	EUR		235		267,718
4.50%, 05/15/2035	U.S.$		1,639		1,528,533
Bell Telephone Co. of Canada or Bell Canada 3.00%, 03/17/2031	CAD		2,711		1,796,989
4.55%, 02/09/2030			1,318		966,561

abfunds.com AB GLOBAL BOND  FUND ^| 23

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
5.15%, 02/09/2053	CAD		3,297	$	2,371,223
5.85%, 11/10/2032			14,542		11,425,037
CK Hutchison Group Telecom Finance SA 1.125%, 10/17/2028(a)	EUR		16,235		15,856,742
1.50%, 10/17/2031(a)			428		395,822
Empresa Nacional de Telecomunicaciones SA 4.75%, 08/01/2026(a)	U.S.$		200		195,313
HKT Capital No. 4 Ltd. 3.00%, 07/14/2026(a)			490		464,734
Koninklijke KPN NV Series G 0.625%, 04/09/2025(a)	EUR		500		522,915
NTT Finance Corp. Series E 0.08%, 12/13/2025(a)			521		531,707
0.40%, 12/13/2028(a)			109		103,603
O2 Telefonica Deutschland Finanzierungs GmbH 1.75%, 07/05/2025(a)			500		525,611
Ooredoo International Finance Ltd. 2.625%, 04/08/2031(a)	U.S.$		740		636,178
Orange SA Series E 2.375%, 01/15/2025(a)(c)	EUR		200		211,994
PLDT, Inc. 2.50%, 01/23/2031(a)	U.S.$		550		459,766
SingTel Group Treasury Pte Ltd. Series E 2.375%, 08/28/2029(a)			290		257,375
T-Mobile USA, Inc. 2.625%, 04/15/2026			200		189,990
5.15%, 04/15/2034			2,464		2,455,438
5.75%, 01/15/2034			10,253		10,683,444
TDC Net A/S Series E 5.62%, 02/06/2030(a)	EUR		237		263,825
Tele2 AB Series E 3.75%, 11/22/2029(a)			212		230,854
TELUS Corp. 4.95%, 02/18/2031	CAD		5,000		3,720,175
Series CAG 5.25%, 11/15/2032			17,557		13,222,062
Verizon Communications, Inc. 0.85%, 11/20/2025	U.S.$		605		563,935

24 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
1.25%, 04/08/2030	EUR		5,500	$	5,262,345
1.45%, 03/20/2026	U.S.$		653		609,026
1.85%, 05/18/2040	EUR		112		94,505
1.875%, 09/19/2030	GBP		355		375,768
2.55%, 03/21/2031	U.S.$		583		498,085
4.25%, 10/31/2030	EUR		250		282,962
4.50%, 08/10/2033	U.S.$		889		850,417
4.75%, 10/31/2034	EUR		224		265,240
Series 20Y 2.875%, 01/15/2038			271		266,973
Vodafone Group PLC 4.20%, 12/13/2027(a)	AUD		3,570		2,269,487
Series E 3.00%, 08/12/2056(a)	GBP		100		78,380
					81,318,425
Consumer Cyclical - Automotive – 1.6%
American Honda Finance Corp. 4.90%, 03/12/2027	U.S.$		391		390,349
4.90%, 03/13/2029			653		651,112
Aptiv PLC/Aptiv Corp. 4.15%, 05/01/2052			79		60,474
BMW US Capital LLC 4.90%, 04/02/2027(a)			131		130,726
4.90%, 04/02/2029(a)			131		130,889
5.05%, 04/02/2026(a)			131		130,877
5.15%, 04/02/2034(a)			131		131,016
Cummins, Inc. 1.50%, 09/01/2030			715		585,072
4.90%, 02/20/2029			455		457,782
5.45%, 02/20/2054			224		229,067
Ford Credit Canada Co. 6.38%, 11/10/2028	CAD		12,682		9,762,328
Ford Motor Co. 3.25%, 02/12/2032	U.S.$		6,751		5,619,176
6.10%, 08/19/2032			20		20,253
Ford Motor Credit Co. LLC 2.70%, 08/10/2026			200		186,514
3.375%, 11/13/2025			200		192,465
5.80%, 03/05/2027			200		200,721
6.05%, 03/05/2031			200		201,510
6.125%, 03/08/2034			200		201,030
General Motors Co. 5.20%, 04/01/2045			658		591,687
5.40%, 04/01/2048			676		619,543
General Motors Financial Co., Inc. 2.35%, 01/08/2031			29		23,973
2.70%, 06/10/2031			110		91,695

abfunds.com AB GLOBAL BOND  FUND ^| 25

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
3.60%, 06/21/2030	U.S.$		265	$	239,274
5.40%, 04/06/2026			123		123,102
5.75%, 02/08/2031			249		251,657
5.80%, 06/23/2028			162		165,133
5.85%, 04/06/2030			209		212,899
6.10%, 01/07/2034			15,653		16,078,350
Harley-Davidson Financial Services, Inc. 3.05%, 02/14/2027(a)			14,185		13,256,245
3.35%, 06/08/2025(a)			335		324,837
5.125%, 04/05/2026(a)	EUR		228		251,990
6.50%, 03/10/2028(a)	U.S.$		69		70,822
Hella GmbH & Co. KGaA 0.50%, 01/26/2027	EUR		272		267,292
Honda Motor Co., Ltd. 2.53%, 03/10/2027	U.S.$		657		616,291
Hyundai Capital America 1.30%, 01/08/2026(a)			365		339,501
2.375%, 10/15/2027(a)			300		271,961
5.25%, 01/08/2027(a)			4,211		4,210,573
5.30%, 03/19/2027(a)			304		304,047
5.35%, 03/19/2029(a)			77		77,260
5.68%, 06/26/2028(a)			6,331		6,421,565
5.80%, 06/26/2025(a)			100		100,168
6.10%, 09/21/2028(a)			59		60,815
6.50%, 01/16/2029(a)			147		154,306
Hyundai Capital Services, Inc. 5.125%, 02/05/2029(a)			320		316,800
Hyundai Motor Manufacturing Indonesia PT Series E 1.75%, 05/06/2026(a)			250		231,094
Kia Corp. 2.75%, 02/14/2027(a)			290		270,244
3.50%, 10/25/2027(a)			230		216,703
Lear Corp. 3.50%, 05/30/2030			802		722,811
Mercedes-Benz Finance North America LLC 4.80%, 03/30/2026(a)			220		218,600
Nissan Motor Acceptance Co. LLC 1.85%, 09/16/2026(a)			3,120		2,823,161
2.00%, 03/09/2026(a)			4,070		3,769,764
2.45%, 09/15/2028(a)			5,328		4,592,144
2.75%, 03/09/2028(a)			255		226,618
6.95%, 09/15/2026(a)			122		125,251
PACCAR Financial Corp. 4.60%, 01/31/2029			129		128,263

26 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
RCI Banque SA Series E 1.75%, 04/10/2026(a)	EUR		521	$	539,124
Robert Bosch GmbH Series E 4.00%, 06/02/2035(a)			100		112,475
4.375%, 06/02/2043(a)			200		229,402
Stellantis NV Series E 4.25%, 06/16/2031(a)			300		336,937
Toyota Motor Corp. 1.34%, 03/25/2026	U.S.$		690		643,791
Toyota Motor Credit Corp. 4.65%, 01/05/2029			131		130,217
4.80%, 01/05/2026			131		130,585
4.80%, 01/05/2034			131		128,831
5.10%, 03/21/2031			647		652,284
Series B 5.00%, 03/19/2027			787		789,483
Series E 4.05%, 09/13/2029(a)	EUR		410		458,361
Volkswagen Financial Services NV Series E 0.875%, 02/20/2025(a)	GBP		100		121,301
Volkswagen Group of America Finance LLC 1.25%, 11/24/2025(a)	U.S.$		200		186,946
Volkswagen International Finance NV 3.75%, 12/28/2027(a)(c)	EUR		8,100		8,240,378
3.875%, 06/14/2027(a)(c)			200		206,071
3.875%, 06/17/2029(a)(c)			100		99,966
4.125%, 11/16/2038(a)			100		110,147
Series 10Y 1.875%, 03/30/2027(a)			100		102,497
Series E 0.875%, 09/22/2028(a)			400		383,254
					91,649,850
Consumer Cyclical - Entertainment – 0.3%
Brunswick Corp./DE 5.85%, 03/18/2029	U.S.$		130		131,450
CPUK Finance Ltd. Series E 3.59%, 08/28/2025(a)	GBP		275		337,565
Hasbro, Inc. 3.55%, 11/19/2026	U.S.$		16,941		16,146,556
					16,615,571

abfunds.com AB GLOBAL BOND  FUND ^| 27

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Consumer Cyclical - Other – 0.3%
GENM Capital Labuan Ltd. 3.88%, 04/19/2031(a)	U.S.$		850	$	744,813
Gohl Capital Ltd. 4.25%, 01/24/2027(a)			540		518,738
HOCHTIEF AG Series E 0.625%, 04/26/2029(a)	EUR		289		269,555
Imerys SA Series E 1.50%, 01/15/2027(a)			500		508,648
Las Vegas Sands Corp. 3.50%, 08/18/2026	U.S.$		619		586,160
Marriott International, Inc./MD 4.875%, 05/15/2029			129		127,747
4.90%, 04/15/2029			175		173,718
5.30%, 05/15/2034			288		284,756
5.45%, 09/15/2026			401		402,994
5.55%, 10/15/2028			878		897,031
Series HH 2.85%, 04/15/2031			3,661		3,155,756
MDC Holdings, Inc. 2.50%, 01/15/2031			315		271,274
6.00%, 01/15/2043			5,384		5,470,392
Nissan Motor Co., Ltd. 2.65%, 03/17/2026(a)	EUR		125		131,504
NVR, Inc. 3.00%, 05/15/2030	U.S.$		699		620,860
Owens Corning 7.00%, 12/01/2036(d)			50		56,327
PulteGroup, Inc. 6.375%, 05/15/2033			182		193,451
Sands China Ltd. 2.30%, 03/08/2027(d)			221		199,686
2.85%, 03/08/2029(d)			277		240,884
4.625%, 06/18/2030(d)			279		255,722
5.40%, 08/08/2028(d)			663		650,396
					15,760,412
Consumer Cyclical - Restaurants – 0.0%
McDonald’s Corp. 5.15%, 09/09/2052			120		116,158
5.45%, 08/14/2053			123		124,512
Series G 4.25%, 03/07/2035(a)	EUR		234		266,619
Starbucks Corp. 4.85%, 02/08/2027	U.S.$		378		377,292
					884,581

28 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Consumer Cyclical - Retailers – 0.7%
Alimentation Couche-Tard, Inc. 1.875%, 05/06/2026(a)	EUR		506	$	526,347
AutoNation, Inc. 3.80%, 11/15/2027	U.S.$		3,867		3,644,977
CK Hutchison Europe Finance 21 Ltd. 0.75%, 11/02/2029(a)	EUR		245		225,729
CK Hutchison International 21 Ltd. 2.50%, 04/15/2031(a)	U.S.$		790		674,731
Costco Wholesale Corp. 1.60%, 04/20/2030			717		603,871
Dick’s Sporting Goods, Inc. 4.10%, 01/15/2052			595		431,477
Dollarama, Inc. 5.53%, 09/26/2028	CAD		6,832		5,233,291
H&M Finance BV Series E 0.25%, 08/25/2029(a)	EUR		293		263,832
Home Depot, Inc. (The) 2.125%, 09/15/2026	U.S.$		119		111,580
3.90%, 06/15/2047			661		541,046
4.25%, 04/01/2046			678		586,411
4.50%, 12/06/2048			370		329,051
4.95%, 09/15/2052			331		315,559
Lowe’s Cos., Inc. 4.05%, 05/03/2047			98		78,943
5.625%, 04/15/2053			120		120,976
5.75%, 07/01/2053			122		125,924
5.80%, 09/15/2062			484		495,478
PVH Corp. 3.125%, 12/15/2027(a)	EUR		100		105,872
4.625%, 07/10/2025	U.S.$		185		182,599
Tapestry, Inc. 5.875%, 11/27/2031	EUR		13,751		15,808,380
7.00%, 11/27/2026	U.S.$		91		93,773
7.05%, 11/27/2025			17		17,354
7.35%, 11/27/2028			613		646,021
VF Corp. 0.25%, 02/25/2028	EUR		100		91,470
2.95%, 04/23/2030	U.S.$		8,649		7,148,930
Series E 4.125%, 03/07/2026	EUR		100		106,673
4.25%, 03/07/2029			3,795		4,035,345
					42,545,640
Consumer Non-Cyclical – 2.3%
AbbVie, Inc. 4.80%, 03/15/2027	U.S.$		1,112		1,112,603

abfunds.com AB GLOBAL BOND  FUND ^| 29

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
4.80%, 03/15/2029	U.S.$		129	$	129,276
4.95%, 03/15/2031			129		130,163
5.35%, 03/15/2044			129		131,531
Altria Group, Inc. 3.125%, 06/15/2031	EUR		8,437		8,496,521
3.70%, 02/04/2051	U.S.$		467		326,544
6.875%, 11/01/2033			79		85,919
American Medical Systems Europe BV 1.375%, 03/08/2028	EUR		180		180,836
3.50%, 03/08/2032			14,675		15,973,813
Amgen, Inc. 4.40%, 05/01/2045	U.S.$		225		195,349
Anheuser-Busch InBev Finance, Inc. 4.90%, 02/01/2046			627		589,896
Anheuser-Busch InBev SA/NV Series E 9.75%, 07/30/2024(a)	GBP		335		428,324
Anheuser-Busch InBev Worldwide, Inc. 5.00%, 06/15/2034	U.S.$		129		129,598
Archer-Daniels-Midland Co. 3.25%, 03/27/2030			661		604,640
4.535%, 03/26/2042			91		83,126
5.935%, 10/01/2032			190		202,335
Asahi Group Holdings Ltd. 0.34%, 04/19/2027(a)	EUR		535		525,219
Astrazeneca Finance LLC 4.80%, 02/26/2027	U.S.$		1,020		1,019,564
4.85%, 02/26/2029			644		646,032
4.90%, 02/26/2031			129		129,458
BAT Capital Corp. 4.54%, 08/15/2047			21		16,184
6.00%, 02/20/2034			239		241,915
6.42%, 08/02/2033			46		48,105
7.08%, 08/02/2043			428		457,043
7.08%, 08/02/2053			124		133,866
BAT International Finance PLC 4.45%, 03/16/2028			153		148,616
Series E 2.25%, 09/09/2052(a)	GBP		110		61,904
Bayer US Finance LLC 6.125%, 11/21/2026(a)	U.S.$		2,319		2,339,032
Bayer US Finance II LLC 4.375%, 12/15/2028(a)			571		537,096
Bimbo Bakeries USA, Inc. 5.375%, 01/09/2036(a)			225		223,892
6.40%, 01/15/2034(a)			200		214,158
Boston Scientific Corp. 0.625%, 12/01/2027	EUR		310		303,969

30 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Bristol-Myers Squibb Co. 3.90%, 03/15/2062	U.S.$		570	$	433,906
5.50%, 02/22/2044			128		130,966
5.75%, 02/01/2031			5,028		5,273,497
5.90%, 11/15/2033			4,837		5,169,962
6.40%, 11/15/2063			435		497,055
Campbell Soup Co. 5.20%, 03/21/2029			129		129,646
5.30%, 03/20/2026			330		330,409
Cardinal Health, Inc. 3.41%, 06/15/2027			637		605,141
5.125%, 02/15/2029			920		922,083
Cargill, Inc. 3.875%, 04/24/2030(a)	EUR		14,639		16,269,484
4.375%, 04/22/2052(a)	U.S.$		187		163,602
Cencosud SA 4.375%, 07/17/2027(a)			230		220,944
Cia Cervecerias Unidas SA 3.35%, 01/19/2032(a)			200		171,187
Cigna Group (The) 1.25%, 03/15/2026			294		272,493
3.40%, 03/15/2050			375		266,630
4.50%, 02/25/2026			166		164,060
4.80%, 08/15/2038			500		470,117
4.80%, 07/15/2046			193		175,457
4.90%, 12/15/2048			656		597,677
5.00%, 05/15/2029			284		284,254
Coca-Cola Co. (The) 0.375%, 03/15/2033	EUR		119		101,120
Coca-Cola Europacific Partners PLC 0.70%, 09/12/2031(a)			301		268,796
CommonSpirit Health 5.32%, 12/01/2034	U.S.$		13,659		13,673,969
CVS Health Corp. 4.78%, 03/25/2038			295		272,575
5.00%, 02/20/2026			265		264,093
5.625%, 02/21/2053			122		119,792
5.875%, 06/01/2053			122		123,923
DH Europe Finance II SARL 2.60%, 11/15/2029			345		309,405
Diageo Capital BV Series E 1.50%, 06/08/2029(a)	EUR		126		125,775
Diageo Finance PLC Series E 1.875%, 03/27/2027(a)			235		244,099
Electrolux AB Series E 4.50%, 09/29/2028(a)			289		317,498

abfunds.com AB GLOBAL BOND  FUND ^| 31

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Eli Lilly & Co. 4.50%, 02/09/2029	U.S.$		391	$	389,768
4.70%, 02/09/2034			130		129,398
4.95%, 02/27/2063			600		582,597
5.00%, 02/09/2054			130		129,328
5.10%, 02/09/2064			130		129,638
Fresenius SE & Co. KGaA Series E 5.00%, 11/28/2029(a)	EUR		200		227,417
General Mills, Inc. 0.45%, 01/15/2026			519		529,766
4.70%, 01/30/2027	U.S.$		52		51,576
Gilead Sciences, Inc. 2.80%, 10/01/2050			145		94,829
4.80%, 04/01/2044			280		259,898
5.55%, 10/15/2053			609		629,787
HCA, Inc. 2.375%, 07/15/2031			348		286,312
5.45%, 04/01/2031			57		57,330
6.00%, 04/01/2054			129		130,963
Indofood CBP Sukses Makmur Tbk PT 3.40%, 06/09/2031(a)			490		425,534
J M Smucker Co. (The) 6.50%, 11/15/2053			120		133,162
JAB Holdings BV 4.75%, 06/29/2032(a)	EUR		200		229,662
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL 6.75%, 03/15/2034(a)	U.S.$		221		231,456
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. 3.00%, 05/15/2032			73		59,202
Johnson & Johnson 5.85%, 07/15/2038			187		206,604
Kellanova 1.25%, 03/10/2025	EUR		500		526,888
Kenvue, Inc. 5.20%, 03/22/2063	U.S.$		130		128,696
Kerry Group Financial Services Unltd Co. 2.375%, 09/10/2025(a)	EUR		246		260,418
Keurig Dr. Pepper, Inc. 5.05%, 03/15/2029	U.S.$		130		130,214
5.10%, 03/15/2027			130		130,119
Koninklijke Philips NV Series E 4.25%, 09/08/2031(a)	EUR		100		110,887
Loblaw Cos. Ltd. 5.01%, 09/13/2032	CAD		13,800		10,362,104

32 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
6.54%, 02/17/2033(a)	CAD		3,182	$	2,585,903
McKesson Corp. 1.50%, 11/17/2025	EUR		226		235,951
3.125%, 02/17/2029	GBP		205		241,752
4.90%, 07/15/2028	U.S.$		87		87,347
Merck & Co., Inc. 2.90%, 12/10/2061			562		353,115
3.90%, 03/07/2039			543		480,037
4.00%, 03/07/2049			170		142,910
5.00%, 05/17/2053			124		121,312
5.15%, 05/17/2063			191		188,978
Metro, Inc./CN 4.66%, 02/07/2033	CAD		11,382		8,362,787
Pepsico Singapore Financing I Pte Ltd. 4.55%, 02/16/2029	U.S.$		282		279,775
4.65%, 02/16/2027			129		128,176
4.70%, 02/16/2034			641		631,548
PepsiCo, Inc. 4.65%, 02/15/2053			122		114,600
Pfizer, Inc. 7.20%, 03/15/2039			95		114,541
Philip Morris International, Inc. 2.875%, 05/14/2029	EUR		219		228,853
4.25%, 11/10/2044	U.S.$		704		590,053
4.75%, 02/12/2027			129		128,208
4.875%, 02/13/2029			129		128,292
4.875%, 11/15/2043			646		591,811
5.125%, 02/13/2031			129		128,190
5.625%, 11/17/2029			32		32,961
5.625%, 09/07/2033			267		273,208
Pilgrim’s Pride Corp. 3.50%, 03/01/2032			253		214,572
6.875%, 05/15/2034			178		189,738
Reynolds American, Inc. 5.85%, 08/15/2045			352		327,390
Roche Holdings, Inc. 2.625%, 05/15/2026(a)			295		281,357
5.22%, 03/08/2054(a)			283		286,625
5.49%, 11/13/2030(a)			200		207,335
Saputo, Inc. 5.25%, 11/29/2029	CAD		6,857		5,189,701
Sartorius Finance BV 4.50%, 09/14/2032(a)	EUR		200		227,683
Sigma Finance Netherlands BV 4.875%, 03/27/2028(a)	U.S.$		350		341,031
Smithfield Foods, Inc. 2.625%, 09/13/2031(a)			315		246,600
Stryker Corp. 3.375%, 12/11/2028	EUR		124		134,766

abfunds.com AB GLOBAL BOND  FUND ^| 33

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Sutter Health 5.16%, 08/15/2033	U.S.$		3,533	$	3,561,452
Takeda Pharmaceutical Co., Ltd. 3.175%, 07/09/2050			250		174,633
Thermo Fisher Scientific, Inc. 4.98%, 08/10/2030			76		76,562
Tyson Foods, Inc. 5.70%, 03/15/2034			116		117,477
Upjohn Finance BV 1.91%, 06/23/2032(a)	EUR		361		328,905
Viatris, Inc. 1.65%, 06/22/2025	U.S.$		571		543,088
Whirlpool Corp. 5.75%, 03/01/2034			129		129,477
Wyeth LLC 5.95%, 04/01/2037			188		203,215
Zimmer Biomet Holdings, Inc. 1.16%, 11/15/2027	EUR		244		242,864
					129,974,474
Energy – 2.1%
APA Infrastructure Ltd. Series E 2.00%, 03/22/2027(a)			502		517,090
Apache Corp. 4.25%, 01/15/2030	U.S.$		111		102,850
5.10%, 09/01/2040			180		154,422
BG Energy Capital PLC Series E 5.125%, 12/01/2025(a)	GBP		365		461,556
BP Capital Markets PLC 3.25%, 03/22/2026(a)(c)	EUR		3,699		3,885,316
3.625%, 03/22/2029(a)(c)			6,370		6,556,719
Canadian Natural Resources Ltd. 3.85%, 06/01/2027	U.S.$		140		134,954
Cheniere Energy Partners LP 5.95%, 06/30/2033			133		135,911
Columbia Pipelines Operating Co. LLC 6.04%, 11/15/2033(a)			206		213,534
ConocoPhillips Co. 4.025%, 03/15/2062			210		166,359
5.55%, 03/15/2054			328		337,804
5.70%, 09/15/2063			589		616,800
Contemporary Ruiding Development Ltd. 2.625%, 09/17/2030(a)			540		460,350
Continental Resources, Inc./OK 2.875%, 04/01/2032(a)			155		126,497
4.90%, 06/01/2044			100		83,150

34 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
COSL Singapore Capital Ltd. 1.875%, 06/24/2025(a)	U.S.$		200	$	191,563
Devon Energy Corp. 7.95%, 04/15/2032			7,650		8,864,748
Diamondback Energy, Inc. 4.25%, 03/15/2052			3		2,429
Ecopetrol SA 4.625%, 11/02/2031			914		754,918
6.875%, 04/29/2030			1,505		1,459,082
8.375%, 01/19/2036			1,614		1,626,105
8.625%, 01/19/2029			4,947		5,222,325
El Paso Natural Gas Co. LLC 3.50%, 02/15/2032(a)			63		53,526
Enbridge Pipelines, Inc. 2.82%, 05/12/2031	CAD		4,087		2,669,653
Enbridge, Inc. 6.10%, 11/09/2032			3,461		2,743,039
Energy Transfer LP 5.55%, 05/15/2034	U.S.$		94		94,273
6.125%, 12/15/2045			205		206,268
Eni SpA Series NC5 2.625%, 10/13/2025(a)(c)	EUR		170		177,660
Series NC9 3.375%, 07/13/2029(a)(c)			12,030		12,037,619
Enterprise Products Operating LLC 4.85%, 03/15/2044	U.S.$		633		592,998
5.10%, 02/15/2045			618		593,243
EQT Corp. 5.75%, 02/01/2034			5,422		5,403,511
Exxon Mobil Corp. 4.23%, 03/19/2040			215		196,015
Hess Corp. 4.30%, 04/01/2027			230		225,475
7.125%, 03/15/2033			9,699		10,979,792
7.875%, 10/01/2029			289		326,652
Hunt Oil Co. of Peru LLC Sucursal Del Peru 8.55%, 09/18/2033(a)			913		973,107
KazMunayGas National Co. JSC 3.50%, 04/14/2033(a)			810		673,819
4.75%, 04/19/2027(a)			230		223,560
5.375%, 04/24/2030(a)			240		235,575
Kinder Morgan Energy Partners LP 6.95%, 01/15/2038			133		145,565
Kinder Morgan, Inc. 5.45%, 08/01/2052			123		116,027
Marathon Oil Corp. 4.40%, 07/15/2027			90		87,526

abfunds.com AB GLOBAL BOND  FUND ^| 35

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
5.70%, 04/01/2034	U.S.$		190	$	190,134
6.60%, 10/01/2037			190		200,390
MOL Hungarian Oil & Gas PLC 1.50%, 10/08/2027(a)	EUR		539		534,213
MPLX LP 4.95%, 03/14/2052	U.S.$		516		453,323
5.65%, 03/01/2053			271		264,875
Northern Natural Gas Co. 5.625%, 02/01/2054(a)			182		184,990
ONEOK Partners LP 6.65%, 10/01/2036			36		38,727
ONEOK, Inc. 5.20%, 07/15/2048			588		539,200
6.05%, 09/01/2033			2,049		2,139,053
Ovintiv, Inc. 6.25%, 07/15/2033			1,957		2,033,548
6.50%, 02/01/2038			2,801		2,910,849
Pioneer Natural Resources Co. 5.10%, 03/29/2026			197		196,787
PTTEP Treasury Center Co., Ltd. 2.99%, 01/15/2030(a)			300		266,813
Raizen Fuels Finance SA 6.45%, 03/05/2034(a)			8,141		8,353,565
6.95%, 03/05/2054(a)			230		237,146
Ras Laffan Liquefied Natural Gas Co., Ltd. 3 5.84%, 09/30/2027(a)			332		335,709
Reliance Industries Ltd. 3.625%, 01/12/2052(a)			300		217,044
SA Global Sukuk Ltd. 1.60%, 06/17/2026(a)			1,000		926,250
Saudi Arabian Oil Co. 2.25%, 11/24/2030(a)			1,100		927,438
2.875%, 04/16/2024(a)			483		481,599
3.25%, 11/24/2050(a)			410		277,878
Suncor Energy, Inc. 6.50%, 06/15/2038			426		453,167
6.80%, 05/15/2038			40		43,405
6.85%, 06/01/2039			374		410,099
7.15%, 02/01/2032			75		83,193
Sweihan PV Power Co. PJSC 3.625%, 01/31/2049(a)			465		370,912
Targa Resources Corp. 6.25%, 07/01/2052			454		469,593
Tennessee Gas Pipeline Co. LLC 2.90%, 03/01/2030(a)			250		219,024
Thaioil Treasury Center Co., Ltd. 2.50%, 06/18/2030(a)			530		445,531

36 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
TotalEnergies SE 2.00%, 01/17/2027(a)(c)	EUR		11,880	$	11,949,095
Series NC7 1.625%, 10/25/2027(a)(c)			279		271,929
TransCanada PipeLines Ltd. 5.33%, 05/12/2032	CAD		227		171,110
Transportadora de Gas del Peru SA 4.25%, 04/30/2028(a)	U.S.$		200		194,438
Transportadora de Gas Internacional SA ESP 5.55%, 11/01/2028(a)			410		402,953
Var Energi ASA 5.00%, 05/18/2027(a)			269		263,386
7.50%, 01/15/2028(a)			7,328		7,771,272
8.00%, 11/15/2032(a)			5,514		6,196,490
Vestas Wind Systems A/S Series E 4.125%, 06/15/2026(a)	EUR		240		261,134
Wintershall Dea Finance BV 1.33%, 09/25/2028(a)			300		287,818
Woodside Finance Ltd. 3.65%, 03/05/2025(a)	U.S.$		123		120,659
3.70%, 09/15/2026(a)			628		601,426
4.50%, 03/04/2029(a)			577		556,685
					124,082,235
Other Industrial – 0.2%
ABB Finance BV Series E 3.375%, 01/15/2034(a)	EUR		247		267,682
Alfa Desarrollo SpA 4.55%, 09/27/2051(a)	U.S.$		308		234,553
CITIC Ltd. Series E 2.85%, 02/25/2030(a)			250		222,308
Ferguson Finance PLC 4.65%, 04/20/2032(a)			624		596,116
LKQ Dutch Bond BV 4.125%, 03/13/2031	EUR		7,079		7,749,801
Worley US Finance Sub Ltd. Series E 0.875%, 06/09/2026(a)			531		535,111
					9,605,571
Services – 0.8%
Alibaba Group Holding Ltd. 2.125%, 02/09/2031	U.S.$		630		523,618
Amazon.com, Inc. 3.875%, 08/22/2037			606		547,102

abfunds.com AB GLOBAL BOND  FUND ^| 37

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
4.10%, 04/13/2062	U.S.$		126	$	106,273
4.25%, 08/22/2057			360		313,288
Booking Holdings, Inc. 3.50%, 03/01/2029	EUR		5,255		5,723,546
4.00%, 03/01/2044			150		164,345
4.25%, 05/15/2029			168		189,198
4.50%, 11/15/2031			6,154		7,103,476
4.75%, 11/15/2034			199		236,592
Boost Newco Borrower LLC/GTCR W Dutch Finance Sub BV 8.50%, 01/15/2031(a)	GBP		424		576,964
Chicago Parking Meters LLC 4.93 4.93%, 12/30/2025(e)	U.S.$		16,500		15,963,884
Gartner, Inc. 3.75%, 10/01/2030(a)			635		569,037
4.50%, 07/01/2028(a)			377		359,507
Global Payments, Inc. 4.875%, 03/17/2031	EUR		8,837		10,046,295
ISS Global A/S Series E 0.875%, 06/18/2026(a)			106		107,493
Mastercard, Inc. 1.00%, 02/22/2029			295		290,432
3.85%, 03/26/2050	U.S.$		400		331,611
Moody’s Corp. 0.95%, 02/25/2030	EUR		285		269,644
PayPal Holdings, Inc. 2.65%, 10/01/2026	U.S.$		397		374,940
RELX Finance BV 3.75%, 06/12/2031(a)	EUR		100		110,771
Rentokil Initial Finance BV Series E 4.375%, 06/27/2030(a)			237		268,483
Securitas Treasury Ireland DAC Series E 4.375%, 03/06/2029(a)			100		111,251
Visa, Inc. 4.30%, 12/14/2045	U.S.$		650		586,564
					44,874,314
Technology – 1.5%
AAC Technologies Holdings, Inc. 3.75%, 06/02/2031(a)			290		242,098
Apple, Inc. 1.65%, 05/11/2030			433		365,941
4.10%, 08/08/2062			100		84,813
Applied Materials, Inc. 1.75%, 06/01/2030			661		557,188

38 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
ASML Holding NV 0.25%, 02/25/2030(a)	EUR		287	$	265,879
1.375%, 07/07/2026(a)			100		103,602
Avnet, Inc. 5.50%, 06/01/2032	U.S.$		609		590,109
Axiata SPV2 Bhd Series E 2.16%, 08/19/2030(a)			610		511,447
Baidu, Inc. 2.375%, 08/23/2031			320		265,930
Cisco Systems, Inc. 5.35%, 02/26/2064			376		385,266
Dell International LLC/EMC Corp. 4.90%, 10/01/2026			980		973,465
6.02%, 06/15/2026			400		405,261
8.35%, 07/15/2046			125		161,659
DXC Capital Funding DAC 0.45%, 09/15/2027(a)	EUR		135		129,748
DXC Technology Co. 1.75%, 01/15/2026			101		104,681
Entegris, Inc. 4.75%, 04/15/2029(a)	U.S.$		9,256		8,879,939
Fiserv, Inc. 1.625%, 07/01/2030	EUR		6,152		5,890,380
2.25%, 07/01/2025	GBP		250		304,000
4.50%, 05/24/2031	EUR		137		154,355
5.15%, 03/15/2027	U.S.$		129		129,413
5.35%, 03/15/2031			87		87,975
5.625%, 08/21/2033			6,205		6,337,216
Foxconn Far East Ltd. Series E 2.50%, 10/28/2030(a)			200		169,579
Hewlett Packard Enterprise Co. 1.75%, 04/01/2026			692		646,292
Honeywell International, Inc. 3.75%, 05/17/2032	EUR		100		110,850
3.75%, 03/01/2036			9,192		10,016,007
4.875%, 09/01/2029	U.S.$		506		509,492
4.95%, 09/01/2031			129		129,880
5.00%, 03/01/2035			102		102,333
Series 4Y 3.50%, 05/17/2027	EUR		8,594		9,350,278
IBM International Capital Pte Ltd. 4.60%, 02/05/2029	U.S.$		129		127,211
4.70%, 02/05/2026			129		128,216
4.75%, 02/05/2031			129		126,492
4.90%, 02/05/2034			129		126,261
5.30%, 02/05/2054			129		125,524

abfunds.com AB GLOBAL BOND  FUND ^| 39

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Intel Corp. 2.60%, 05/19/2026	U.S.$		223	$	212,320
3.25%, 11/15/2049			150		105,794
3.75%, 03/25/2027			344		334,009
3.90%, 03/25/2030			430		409,403
4.75%, 03/25/2050			470		424,568
4.90%, 08/05/2052			124		115,705
4.95%, 03/25/2060			472		440,022
5.625%, 02/10/2043			191		197,569
International Business Machines Corp. 0.65%, 02/11/2032	EUR		222		196,079
1.70%, 05/15/2027	U.S.$		616		559,137
1.75%, 01/31/2031	EUR		100		98,071
3.30%, 05/15/2026	U.S.$		477		460,248
3.43%, 02/09/2052			135		97,384
3.50%, 05/15/2029			100		94,243
3.625%, 02/06/2031	EUR		240		264,406
4.00%, 06/20/2042	U.S.$		178		150,175
4.25%, 05/15/2049			100		84,830
4.90%, 07/27/2052			284		265,492
Intuit, Inc. 5.50%, 09/15/2053			832		864,141
KLA Corp. 3.30%, 03/01/2050			314		229,958
4.70%, 02/01/2034			130		128,112
4.95%, 07/15/2052			119		114,781
Kyndryl Holdings, Inc. 2.05%, 10/15/2026			10,101		9,254,489
Lam Research Corp. 1.90%, 06/15/2030			401		339,233
4.00%, 03/15/2029			225		218,265
4.875%, 03/15/2049			563		534,129
Lenovo Group Ltd. 3.42%, 11/02/2030(a)			250		219,219
Motorola Solutions, Inc. 5.00%, 04/15/2029			131		130,435
5.40%, 04/15/2034			131		130,750
Nokia Oyj Series E 2.00%, 03/11/2026(a)	EUR		253		263,910
Oracle Corp. 1.65%, 03/25/2026	U.S.$		657		613,389
2.30%, 03/25/2028			591		533,573
2.50%, 04/01/2025			561		544,202
2.65%, 07/15/2026			57		53,962
4.00%, 07/15/2046			160		126,052
4.10%, 03/25/2061			362		271,025
4.30%, 07/08/2034			9,860		9,095,519
5.375%, 07/15/2040			78		75,710

40 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
QUALCOMM, Inc. 4.30%, 05/20/2047	U.S.$		669	$	590,548
4.80%, 05/20/2045			616		590,007
Renesas Electronics Corp. 2.17%, 11/25/2026(a)			410		374,823
Salesforce, Inc. 2.70%, 07/15/2041			815		589,901
SAP SE 0.125%, 05/18/2026(a)	EUR		100		101,439
1.625%, 03/10/2031(a)			300		297,045
SK Hynix, Inc. 2.375%, 01/19/2031(a)	U.S.$		555		455,982
Skyworks Solutions, Inc. 3.00%, 06/01/2031			213		178,947
Texas Instruments, Inc. 4.10%, 08/16/2052			87		73,907
5.00%, 03/14/2053			120		117,738
5.05%, 05/18/2063			287		279,273
TSMC Arizona Corp. 3.875%, 04/22/2027			360		349,088
4.25%, 04/22/2032			380		369,936
4.50%, 04/22/2052			230		221,858
TSMC Global Ltd. 1.375%, 09/28/2030(a)			540		437,400
2.25%, 04/23/2031(a)			410		347,603
Western Digital Corp. 2.85%, 02/01/2029			138		120,227
3.10%, 02/01/2032			2,758		2,218,723
Wipro IT Services LLC 1.50%, 06/23/2026(a)			250		230,180
Xiaomi Best Time International Ltd. 2.875%, 07/14/2031(a)			260		216,369
					85,010,083
Transportation - Airlines – 0.0%
Alaska Airlines 2020-1 Class A Pass Through Trust 4.80%, 08/15/2027(a)			557		541,851
Delta Air Lines, Inc./SkyMiles IP Ltd. 4.50%, 10/20/2025(a)			723		714,523
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd. 6.50%, 06/20/2027(a)			244		245,505
					1,501,879
Transportation - Railroads – 0.0%
Canadian National Railway Co. 3.60%, 08/01/2047	CAD		355		217,321

abfunds.com AB GLOBAL BOND  FUND ^| 41

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Canadian Pacific Railway Co. 6.125%, 09/15/2115	U.S.$		235	$	248,066
Lima Metro Line 2 Finance Ltd. 4.35%, 04/05/2036(a)			414		381,174
5.875%, 07/05/2034(a)			694		689,018
Norfolk Southern Corp. 5.05%, 08/01/2030			270		271,010
					1,806,589
Transportation - Services – 0.6%
Abertis Infraestructuras SA Series E 4.125%, 01/31/2028(a)	EUR		200		218,995
Adani Ports & Special Economic Zone Ltd. 3.10%, 02/02/2031(a)	U.S.$		360		286,987
3.83%, 02/02/2032(a)			290		236,441
Ashtead Capital, Inc. 5.50%, 08/11/2032(a)			229		224,230
5.95%, 10/15/2033(a)			621		627,765
Element Fleet Management Corp. 5.64%, 03/13/2027(a)			130		130,380
6.27%, 06/26/2026(a)			642		649,555
6.32%, 12/04/2028(a)			493		509,364
ENA Master Trust 4.00%, 05/19/2048(a)			1,716		1,213,534
ERAC USA Finance LLC 4.60%, 05/01/2028(a)			6,597		6,513,894
4.90%, 05/01/2033(a)			7,046		6,898,961
FedEx Corp. 0.95%, 05/04/2033	EUR		290		246,786
Gatwick Funding Ltd. Series E 2.50%, 04/15/2030(a)	GBP		4,360		4,806,730
Heathrow Funding Ltd. 2.625%, 03/16/2028(a)			295		334,268
Series E 1.50%, 02/11/2030(a)	EUR		536		516,194
2.75%, 10/13/2029(a)	GBP		5,974		6,768,551
HPHT Finance 21 Ltd. 2.00%, 03/19/2026(a)	U.S.$		250		234,219
Penske Truck Leasing Co. LP/PTL Finance Corp. 5.35%, 01/12/2027(a)			647		647,827
5.35%, 03/30/2029(a)			131		131,109
5.75%, 05/24/2026(a)			585		589,257
Ryder System, Inc. 5.375%, 03/15/2029			330		332,829

42 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
SMBC Aviation Capital Finance DAC 5.30%, 04/03/2029(a)	U.S.$		651	$	650,247
Transurban Finance Co. Pty Ltd. Series E 2.00%, 08/28/2025(a)	EUR		100		105,589
TTX Co. 5.50%, 09/25/2026(a)	U.S.$		250		250,856
United Parcel Service, Inc. 4.875%, 03/03/2033			175		175,283
					33,299,851
					729,857,987
Financial Institutions – 12.3%
Banking – 9.3%
ABN AMRO Bank NV (GDR) 4.375%, 09/22/2025(a)(c)	EUR		5,000		5,232,422
AIB Group PLC 5.87%, 03/28/2035(a)	U.S.$		331		332,686
Series E 2.25%, 04/04/2028(a)	EUR		13,249		13,699,744
Ally Financial, Inc. 6.85%, 01/03/2030	U.S.$		138		142,097
6.99%, 06/13/2029			127		131,834
American Express Co. 5.10%, 02/16/2028			458		457,446
5.39%, 07/28/2027			205		205,786
6.34%, 10/30/2026			597		604,989
Australia & New Zealand Banking Group Ltd. 4.40%, 05/19/2026(a)			275		268,221
Banco BBVA Peru SA 6.20%, 06/07/2034(a)			200		199,750
Banco Bilbao Vizcaya Argentaria SA 1.125%, 09/18/2025			800		751,692
5.38%, 03/13/2029			200		201,973
7.88%, 11/15/2034			200		218,971
Banco de Credito del Peru SA 3.25%, 09/30/2031(a)			510		470,243
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand 5.375%, 04/17/2025(a)			450		447,269
Banco Santander SA 2.75%, 05/28/2025			200		193,307
4.175%, 03/24/2028			17,400		16,774,648
4.25%, 04/11/2027			200		193,861
5.15%, 08/18/2025			200		198,550

abfunds.com AB GLOBAL BOND  FUND ^| 43

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
5.18%, 11/19/2025	U.S.$		600	$	593,649
5.29%, 08/18/2027			1,000		998,134
9.625%, 05/21/2033(c)			200		220,672
Series E 3.50%, 01/09/2030(a)	EUR		300		322,384
5.75%, 08/23/2033(a)			7,200		8,158,847
Bangkok Bank PCL/Hong Kong 9.025%, 03/15/2029(a)	U.S.$		440		503,065
Bank Hapoalim BM 3.255%, 01/21/2032(a)			257		230,738
Bank Leumi Le-Israel BM 3.275%, 01/29/2031(a)			290		268,443
7.13%, 07/18/2033(a)			210		206,973
Bank Mandiri Persero Tbk PT Series E 4.75%, 05/13/2025(a)			320		317,200
Bank of America Corp. 1.32%, 06/19/2026			664		631,142
1.73%, 07/22/2027			614		566,283
2.88%, 10/22/2030			97		86,193
3.19%, 07/23/2030			284		257,757
3.38%, 04/02/2026			730		713,999
3.56%, 04/23/2027			169		163,089
3.85%, 03/08/2037			240		212,245
3.97%, 03/05/2029			560		535,381
3.97%, 02/07/2030			97		91,932
Series B 8.05%, 06/15/2027			930		996,104
Series E 0.65%, 10/26/2031(a)	EUR		11,580		10,386,148
0.69%, 03/22/2031(a)			3,794		3,463,655
1.10%, 05/24/2032(a)			2,482		2,260,578
4.13%, 06/12/2028(a)			305		337,857
Series U 8.74% (CME Term SOFR 3 Month + 3.40%), 04/29/2024(c)(f)	U.S.$		4,156		4,159,571
Bank of East Asia Ltd. (The) Series E 6.75%, 03/15/2027(a)			250		252,370
Bank of Ireland Group PLC 5.60%, 03/20/2030(a)			3,324		3,323,689
6.25%, 09/16/2026(a)			200		201,222
Series E 0.375%, 05/10/2027(a)	EUR		6,478		6,518,843
4.625%, 11/13/2029(a)			1,944		2,164,934
Bank of New York Mellon Corp. (The) 4.975%, 03/14/2030	U.S.$		130		130,061

44 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
5.19%, 03/14/2035	U.S.$		130	$	129,418
6.47%, 10/25/2034			118		128,487
Bank of Nova Scotia (The) 5.35%, 12/07/2026			125		125,624
Series E 0.125%, 09/04/2026(a)	EUR		531		529,352
Banque Federative du Credit Mutuel SA 3.875%, 06/16/2032(a)			9,800		10,458,104
4.935%, 01/26/2026(a)	U.S.$		10,579		10,514,796
Series E 0.625%, 11/19/2027(a)	EUR		100		97,261
0.625%, 11/03/2028(a)			300		283,035
Barclays PLC 5.09%, 06/20/2030	U.S.$		612		589,241
5.67%, 03/12/2028			330		331,191
6.125%, 12/15/2025(c)			11,154		10,769,258
6.22%, 05/09/2034			200		206,500
7.12%, 06/27/2034			400		426,056
Series E 4.92%, 08/08/2030(a)	EUR		422		475,825
5.26%, 01/29/2034(a)			5,032		5,867,272
BBVA Bancomer SA/Texas 1.875%, 09/18/2025(a)	U.S.$		600		569,438
BDO Unibank, Inc. Series E 2.125%, 01/13/2026(a)			240		226,650
BNP Paribas SA 2.22%, 06/09/2026(a)			475		456,686
5.74%, 02/20/2035(a)			439		442,684
Series E 0.50%, 02/19/2028(a)	EUR		300		295,975
2.75%, 07/25/2028(a)			500		523,440
BPCE SA 3.12%, 10/19/2032(a)	U.S.$		14,189		11,624,979
4.50%, 03/15/2025(a)			8,251		8,128,808
4.625%, 07/11/2024(a)			470		467,657
6.51%, 01/18/2035(a)			699		709,323
Series E 4.125%, 07/10/2028(a)	EUR		400		444,036
CaixaBank SA 6.04%, 06/15/2035(a)	U.S.$		379		382,391
6.21%, 01/18/2029(a)			10,380		10,614,156
6.84%, 09/13/2034(a)			200		214,093
Series E 1.50%, 12/03/2026(a)	GBP		200		236,898
Capital One Financial Corp. 0.80%, 06/12/2024	EUR		2,460		2,635,056

abfunds.com AB GLOBAL BOND  FUND ^| 45

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
1.65%, 06/12/2029	EUR		325	$	311,449
4.17%, 05/09/2025	U.S.$		2,878		2,872,066
5.82%, 02/01/2034			171		170,780
6.05%, 02/01/2035			333		339,265
6.38%, 06/08/2034			4,800		4,983,453
CBQ Finance Ltd. Series E 2.00%, 05/12/2026(a)			450		418,950
Ceska sporitelna AS Series E 5.74%, 03/08/2028(a)	EUR		100		111,391
5.94%, 06/29/2027(a)			400		446,105
Citigroup, Inc. 3.40%, 05/01/2026	U.S.$		582		560,526
3.52%, 10/27/2028			643		606,521
3.67%, 07/24/2028			345		328,049
5.83%, 02/13/2035			928		918,069
6.045% (SOFR + 0.69%), 01/25/2026(f)			838		838,153
6.73% (SOFR + 1.37%), 05/24/2025(f)			2,712		2,714,724
Series AA 7.625%, 11/15/2028(c)			1,982		2,078,870
Series E 0.50%, 10/08/2027(a)	EUR		574		573,837
1.25%, 04/10/2029(a)			274		266,373
Series P 5.95%, 05/15/2025(c)	U.S.$		2,793		2,791,042
Series W 4.00%, 12/10/2025(c)			232		222,345
Series Y 4.15%, 11/15/2026(c)			7,121		6,577,971
Citizens Financial Group, Inc. 5.84%, 01/23/2030			129		128,799
Comerica, Inc. 5.98%, 01/30/2030			129		127,524
Commonwealth Bank of Australia 6.10% (SOFR + 0.74%), 03/14/2025(a)(f)			5,150		5,170,886
Cooperatieve Rabobank UA 4.375%, 06/29/2027(a)(c)	EUR		200		206,341
Series E 4.625%, 05/23/2029(a)	GBP		9,255		11,216,586
Credit Agricole SA 2.625%, 03/17/2027(a)	EUR		256		267,460
5.335%, 01/10/2030(a)	U.S.$		650		648,754
6.32%, 10/03/2029(a)			250		259,285

46 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Credit Mutuel Arkea SA Series E 3.50%, 02/09/2029(a)	EUR		300	$	316,532
Credit Suisse AG/London Series E 0.25%, 01/05/2026(a)			531		540,151
Danske Bank A/S 1.62%, 09/11/2026(a)	U.S.$		441		415,342
3.24%, 12/20/2025(a)			3,465		3,397,230
4.30%, 04/01/2028(a)			235		226,961
7.00%, 06/26/2025(a)(c)			200		198,852
Series E 1.375%, 02/12/2030(a)	EUR		225		236,116
DBS Group Holdings Ltd.
Series G 3.30%, 02/27/2025(a)(c)	U.S.$		240		234,000
Deutsche Bank AG 3.25%, 05/24/2028(a)	EUR		9,600		10,126,970
5.375%, 01/11/2029(a)			2,600		2,936,987
Series E 1.625%, 01/20/2027(a)			500		508,475
1.75%, 11/19/2030(a)			400		379,891
1.875%, 02/23/2028(a)			3,200		3,248,480
Deutsche Bank AG/New York NY 3.73%, 01/14/2032	U.S.$		707		594,359
3.96%, 11/26/2025			240		236,766
6.82%, 11/20/2029			150		156,930
7.08%, 02/10/2034			498		512,225
Deutsche Pfandbriefbank AG
Series E 4.375%, 08/28/2026(a)	EUR		100		100,448
5.00%, 02/05/2027(a)			239		244,712
Discover Financial Services 7.96%, 11/02/2034	U.S.$		529		599,216
DNB Bank ASA Series E 1.625%, 05/31/2026(a)	EUR		120		126,392
4.625%, 11/01/2029(a)			237		266,556
Doha Finance Ltd. Series E 2.375%, 03/31/2026(a)	U.S.$		590		552,388
Erste Group Bank AG 4.25%, 10/15/2027(a)(c)	EUR		200		194,532
Series E 1.625%, 09/08/2031(a)			200		202,704
Fifth Third Bancorp 5.63%, 01/29/2032	U.S.$		20		20,030

abfunds.com AB GLOBAL BOND  FUND ^| 47

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
First Abu Dhabi Bank PJSC 4.50%, 04/05/2026(a)(c)	U.S.$		480	$	462,750
Goldman Sachs Bank USA/New York NY 5.28%, 03/18/2027			131		130,891
Goldman Sachs Group, Inc. (The) 3.615%, 03/15/2028			32		30,609
Series E 0.875%, 05/09/2029(a)	EUR		12,076		11,420,226
4.00%, 09/21/2029(a)			72		80,064
Series P 8.44% (CME Term SOFR 3 Month + 3.14%), 04/29/2024(c)(f)	U.S.$		4,168		4,173,231
Hana Bank 1.25%, 12/16/2026(a)			200		180,250
5.75%, 10/24/2028(a)			210		217,022
HSBC Holdings PLC 1.645%, 04/18/2026			202		193,565
2.01%, 09/22/2028			327		292,364
2.85%, 06/04/2031			244		210,648
3.97%, 05/22/2030			420		392,480
4.29%, 09/12/2026			607		595,930
4.755%, 06/09/2028			9,494		9,311,253
4.76%, 03/29/2033			363		337,182
5.55%, 03/04/2030			4,783		4,811,946
5.89%, 08/14/2027			4,993		5,036,007
6.36%, 11/16/2032(a)	EUR		8,812		10,156,040
6.55%, 06/20/2034	U.S.$		413		427,576
7.39%, 11/03/2028			200		212,847
7.40%, 11/13/2034			200		219,100
8.11%, 11/03/2033			656		750,361
Series** 6.50%, 09/15/2037			103		107,402
Series E 3.125%, 06/07/2028	EUR		484		508,224
ING Groep NV 0.25%, 02/18/2029(a)			300		283,883
0.375%, 09/29/2028(a)			300		289,020
4.125%, 08/24/2033(a)			100		107,710
4.50%, 05/23/2029(a)			100		111,174
5.25%, 11/14/2033(a)			200		239,725
Series E 2.125%, 05/26/2031(a)			200		207,080
Intercorp Peru Ltd. 3.875%, 08/15/2029(a)	U.S.$		370		325,600
Intesa Sanpaolo SpA 3.875%, 07/14/2027(a)			200		188,003
5.02%, 06/26/2024(a)			4,753		4,736,082

48 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
5.71%, 01/15/2026(a)	U.S.$		5,580	$	5,535,139
6.625%, 06/20/2033(a)			4,109		4,269,036
7.20%, 11/28/2033(a)			2,683		2,900,372
7.80%, 11/28/2053(a)			333		377,507
Series E 5.125%, 08/29/2031(a)	EUR		200		234,286
Investec Bank PLC 1.25%, 08/11/2026(a)			461		476,620
JPMorgan Chase & Co. 2.08%, 04/22/2026	U.S.$		620		597,620
2.18%, 06/01/2028			135		123,551
2.95%, 02/24/2028			720		676,508
3.51%, 01/23/2029			235		222,266
3.54%, 05/01/2028			369		352,520
3.96%, 01/29/2027			161		157,235
4.08%, 04/26/2026			571		562,270
5.04%, 01/23/2028			652		649,708
6.07%, 10/22/2027			120		122,431
6.25%, 10/23/2034			120		128,198
6.28% (SOFR + 0.92%), 02/24/2026(f)			4,649		4,663,699
Series E 1.00%, 07/25/2031(a)	EUR		307		285,910
1.09%, 03/11/2027(a)			7,804		8,021,820
1.96%, 03/23/2030(a)			189		190,357
Series Q 8.82% (SOFR + 3.51%), 05/01/2024(c)(f)	U.S.$		213		213,193
Series R 8.87% (SOFR + 3.56%), 05/01/2024(c)(f)			4,314		4,318,737
Jyske Bank A/S
Series E 0.05%, 09/02/2026(a)	EUR		170		173,457
KBC Group NV 4.25%, 10/24/2025(a)(c)			7,800		8,024,105
5.80%, 01/19/2029(a)	U.S.$		300		302,743
Series E 0.125%, 01/14/2029(a)	EUR		300		284,170
1.50%, 03/29/2026(a)			100		105,360
4.375%, 11/23/2027(a)			100		110,049
KeyBank NA/Cleveland OH 5.85%, 11/15/2027	U.S.$		331		327,932
KeyCorp 6.40%, 03/06/2035			1,023		1,045,712
Kookmin Bank 2.50%, 11/04/2030(a)			810		673,313

abfunds.com AB GLOBAL BOND  FUND ^| 49

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Lloyds Banking Group PLC 3.75%, 03/18/2028	U.S.$		285	$	273,037
7.50%, 09/27/2025(c)			2,412		2,400,780
7.95%, 11/15/2033			415		467,781
Series E 4.75%, 09/21/2031(a)	EUR		2,397		2,721,888
M&T Bank Corp. 6.08%, 03/13/2032	U.S.$		391		390,417
Macquarie Bank Ltd. 5.39%, 12/07/2026(a)			125		125,526
Macquarie Group Ltd. 0.35%, 03/03/2028(a)	EUR		555		534,311
1.34%, 01/12/2027(a)	U.S.$		453		420,327
Mitsubishi UFJ Financial Group, Inc. 5.35%, 09/13/2028			200		201,107
Mizuho Financial Group, Inc. 0.47%, 09/06/2029(a)	EUR		135		127,134
2.26%, 07/09/2032	U.S.$		200		163,643
4.35%, 10/20/2025(a)			325		317,928
5.41%, 09/13/2028			200		201,672
Series E 0.18%, 04/13/2026(a)	EUR		528		533,802
4.61%, 08/28/2030(a)			200		228,587
Morgan Stanley 0.41%, 10/29/2027			701		698,506
0.495%, 10/26/2029			922		867,947
4.21%, 04/20/2028	U.S.$		625		607,303
4.66%, 03/02/2029	EUR		10,875		12,162,859
4.68%, 07/17/2026	U.S.$		152		150,373
4.81%, 10/25/2028	EUR		7,920		8,897,401
5.47%, 01/18/2035	U.S.$		130		131,160
6.41%, 11/01/2029			118		123,706
6.63%, 11/01/2034			118		129,089
Series G 2.95%, 05/07/2032	EUR		235		243,674
5.15%, 01/25/2034			148		176,746
Nanyang Commercial Bank Ltd. 3.80%, 11/20/2029(a)	U.S.$		570		561,272
Nationwide Building Society 2.97%, 02/16/2028(a)			4,664		4,352,589
6.56%, 10/18/2027(a)			507		520,227
6.645% (SOFR + 1.29%), 02/16/2028(a)(f)			290		290,096
NatWest Group PLC 3.62%, 08/14/2030(a)	GBP		105		128,604
5.78%, 03/01/2035	U.S.$		5,209		5,282,914
6.475%, 06/01/2034			748		760,655
Series E 5.76%, 02/28/2034(a)	EUR		7,135		8,122,641

50 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
NatWest Markets PLC
Series E 0.125%, 11/12/2025(a)	EUR		105	$	107,037
0.125%, 06/18/2026(a)			534		536,094
NBK Tier 1 Financing 2 Ltd. 4.50%, 08/27/2025(a)(c)	U.S.$		290		279,850
NIBC Bank NV
Series E 0.25%, 09/09/2026(a)	EUR		300		297,318
Nordea Bank Abp 6.625%, 03/26/2026(a)(c)	U.S.$		4,340		4,296,628
Series E 4.375%, 09/06/2026(a)	EUR		100		108,778
Oversea-Chinese Banking Corp., Ltd. 1.83%, 09/10/2030(a)	U.S.$		530		501,016
Philippine National Bank
Series E 3.28%, 09/27/2024(a)			480		471,600
PNC Financial Services Group, Inc. (The) 5.30%, 01/21/2028			138		138,128
5.68%, 01/22/2035			267		269,527
5.81%, 06/12/2026			616		618,229
6.615%, 10/20/2027			119		122,486
6.875%, 10/20/2034			311		340,496
QIB Sukuk Ltd. 1.95%, 10/27/2025(a)			300		283,596
QNB Finance Ltd. Series E 1.375%, 01/26/2026(a)			510		474,619
1.625%, 09/22/2025(a)			200		188,873
2.75%, 02/12/2027(a)			240		224,449
Raiffeisen Bank International AG Series E 0.05%, 09/01/2027(a)	EUR		600		566,600
Royal Bank of Canada Series E 4.375%, 10/02/2030(a)			235		265,379
Santander Holdings USA, Inc. 2.49%, 01/06/2028	U.S.$		400		363,649
6.17%, 01/09/2030			7,590		7,663,787
6.565%, 06/12/2029			80		82,423
7.66%, 11/09/2031			28		30,474
Santander UK Group Holdings PLC 2.47%, 01/11/2028			450		413,610
6.53%, 01/10/2029			541		559,159
6.83%, 11/21/2026			10,142		10,309,655

abfunds.com AB GLOBAL BOND  FUND ^| 51

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Series E 0.60%, 09/13/2029(a)	EUR		1,438	$	1,355,931
Shinhan Bank Co., Ltd. 4.00%, 04/23/2029(a)	U.S.$		760		708,463
Shinhan Financial Group Co., Ltd. 3.34%, 02/05/2030(a)			540		527,513
Siam Commercial Bank PCL/Cayman Islands Series G 4.40%, 02/11/2029(a)			350		336,766
Skandinaviska Enskilda Banken AB 5.125%, 03/05/2027(a)			3,529		3,536,829
Series E 0.75%, 08/09/2027(a)	EUR		271		267,156
Societe Generale SA 4.875%, 11/21/2031(a)			300		339,946
5.52%, 01/19/2028(a)	U.S.$		482		479,014
5.63%, 01/19/2030(a)			200		199,152
6.45%, 01/12/2027(a)			300		303,016
Series E 0.125%, 02/18/2028(a)	EUR		600		571,582
Standard Chartered PLC 0.80%, 11/17/2029(a)			295		279,214
1.46%, 01/14/2027(a)	U.S.$		300		278,525
2.61%, 01/12/2028(a)			12,199		11,247,794
2.82%, 01/30/2026(a)			280		272,806
4.87%, 03/15/2033(a)			200		190,314
6.17%, 01/09/2027(a)			349		352,241
6.30%, 01/09/2029(a)			210		215,769
7.09% (CME Term SOFR 3 Month + 1.51%), 01/30/2027(a)(c)(f)			8,000		7,626,727
7.77%, 11/16/2028(a)			279		298,521
State Street Corp. 4.99%, 03/18/2027			651		652,070
Sumitomo Mitsui Financial Group, Inc. 1.55%, 06/15/2026(a)	EUR		499		516,086
Series E 0.63%, 10/23/2029(a)			110		102,283
Svenska Handelsbanken AB Series E 4.625%, 08/23/2032(a)	GBP		6,655		8,098,305
Swedbank AB 6.26% (SOFR + 0.91%), 04/04/2025(a)(f)	U.S.$		1,070		1,074,935
Series G 4.375%, 09/05/2030(a)	EUR		200		225,093
Series NC5 5.625%, 09/17/2024(a)(c)	U.S.$		200		199,049

52 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Sydbank AS Series G 5.125%, 09/06/2028(a)	EUR		100	$	111,821
Toronto-Dominion Bank (The) Series G 4.98%, 04/05/2027	U.S.$		130		129,801
4.99%, 04/05/2029			130		129,967
Truist Financial Corp. 4.26%, 07/28/2026			446		438,687
5.435%, 01/24/2030			129		128,780
7.16%, 10/30/2029			593		632,618
UBS Group AG 3.13%, 08/13/2030(a)			295		262,993
3.87%, 01/12/2029(a)			255		241,246
4.125%, 09/24/2025(a)			800		783,933
4.19%, 04/01/2031(a)			2,312		2,150,040
5.125%, 07/29/2026(a)(c)			200		190,321
6.93% (SOFR + 1.58%), 05/12/2026(a)(f)			17,565		17,702,650
7.75%, 03/01/2029(a)	EUR		3,309		4,074,585
9.25%, 11/13/2028(a)(c)	U.S.$		1,652		1,789,288
Series E 1.00%, 06/24/2027(a)	EUR		215		218,142
3.125%, 06/15/2030(a)			254		266,628
4.625%, 03/17/2028(a)			5,178		5,727,146
4.75%, 03/17/2032(a)			330		374,968
UniCredit SpA 1.98%, 06/03/2027(a)	U.S.$		619		571,537
2.57%, 09/22/2026(a)			405		385,830
3.13%, 06/03/2032(a)			3,755		3,176,263
Series E 0.85%, 01/19/2031(a)	EUR		299		268,806
4.30%, 01/23/2031(a)			294		322,229
United Overseas Bank Ltd. 2.00%, 10/14/2031(a)	U.S.$		200		183,148
Series G 1.75%, 03/16/2031(a)			250		232,338
US Bancorp 5.775%, 06/12/2029			123		125,162
Virgin Money UK PLC Series G 3.125%, 06/22/2025(a)	GBP		4,310		5,404,526
4.625%, 10/29/2028(a)	EUR		347		384,650
5.125%, 12/11/2030(a)	GBP		135		167,586
Visa, Inc. 1.50%, 06/15/2026	EUR		375		389,704
3.65%, 09/15/2047	U.S.$		336		271,040

abfunds.com AB GLOBAL BOND  FUND ^| 53

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Wells Fargo & Co. 2.39%, 06/02/2028	U.S.$		200	$	183,100
4.54%, 08/15/2026			616		608,251
5.50%, 01/23/2035			4,125		4,133,031
6.49%, 10/23/2034			120		128,805
7.625%, 09/15/2028(c)			474		506,333
Series E 0.625%, 03/25/2030(a)	EUR		3,247		2,950,782
1.74%, 05/04/2030(a)			10,630		10,463,908
Westpac Banking Corp. Series G 4.32%, 11/23/2031	U.S.$		185		178,530
Woori Bank 5.125%, 08/06/2028(a)			210		206,063
Yorkshire Building Society Series E 0.50%, 07/01/2028(a)	EUR		553		528,565
					534,711,288
Brokerage – 0.4%
abrdn PLC 4.25%, 06/30/2028(a)	U.S.$		866		779,796
Cantor Fitzgerald LP 7.20%, 12/12/2028(a)			186		192,592
Charles Schwab Corp. (The) 5.87% (SOFR + 0.52%), 05/13/2026(f)			5,465		5,458,681
Series I 4.00%, 06/01/2026(c)			11,930		11,158,365
China Great Wall International Holdings V Ltd. 2.875%, 11/23/2026(a)			200		183,500
Clearstream Banking AG Zero Coupon, 12/01/2025(a)	EUR		200		203,769
Lazard Group LLC 6.00%, 03/15/2031	U.S.$		130		131,323
Nomura Holdings, Inc. 1.85%, 07/16/2025			5,405		5,150,850
5.10%, 07/03/2025			566		562,095
5.71%, 01/09/2026			221		221,594
					24,042,565
Finance – 0.5%
Air Lease Corp. 5.40%, 06/01/2028	CAD		6,005		4,512,224
Aircastle Ltd. 5.25%, 08/11/2025(a)	U.S.$		4,083		4,046,324
5.25%, 06/15/2026(a)(c)			195		186,330
5.95%, 02/15/2029(a)			2,811		2,813,007

54 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Aviation Capital Group LLC 1.95%, 01/30/2026(a)	U.S.$		415	$	387,305
1.95%, 09/20/2026(a)			1,590		1,452,658
3.50%, 11/01/2027(a)			1,342		1,249,118
4.125%, 08/01/2025(a)			23		22,409
4.875%, 10/01/2025(a)			926		909,011
5.50%, 12/15/2024(a)			5,268		5,243,293
Blue Owl Credit Income Corp. 6.65%, 03/15/2031(a)			129		126,482
7.75%, 09/16/2027			571		584,930
7.75%, 01/15/2029(a)			617		635,204
Blue Owl Technology Finance Corp. 2.50%, 01/15/2027			288		255,485
BOC Aviation Ltd. 3.875%, 04/27/2026(a)			620		600,823
Brookfield Finance, Inc. 6.35%, 01/05/2034			123		130,921
CCBL Cayman 1 Corp., Ltd. Series E 1.80%, 07/22/2026(a)			400		369,125
CDBL Funding 1 Series E 3.50%, 10/24/2027(a)			430		406,887
CIMIC Finance Ltd. Series G 1.50%, 05/28/2029(a)	EUR		299		277,168
Golub Capital BDC, Inc. 6.00%, 07/15/2029	U.S.$		129		126,810
7.05%, 12/05/2028			38		38,923
Huarong Finance 2017 Co., Ltd. Series E 4.25%, 11/07/2027(a)			530		489,919
Huarong Finance 2019 Co., Ltd. Series E 3.25%, 11/13/2024(a)			260		254,233
4.50%, 05/29/2029(a)			200		182,568
Huarong Finance II Co., Ltd. Series E 4.625%, 06/03/2026(a)			213		204,613
ICBCIL Finance Co., Ltd. 3.625%, 05/19/2026(a)			230		222,261
Intercorp Financial Services, Inc. 4.125%, 10/19/2027(a)			840		785,400
JAB Holdings BV 2.25%, 12/19/2039(a)	EUR		300		249,666
Main Street Capital Corp. 6.95%, 03/01/2029	U.S.$		648		658,410

abfunds.com AB GLOBAL BOND  FUND ^| 55

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Power Finance Corp., Ltd. Series G 3.35%, 05/16/2031(a)	U.S.$		360	$	312,863
Prospect Capital Corp. 3.36%, 11/15/2026			359		328,519
REC Ltd. 5.625%, 04/11/2028(a)			200		201,313
Sixth Street Specialty Lending, Inc. 6.125%, 03/01/2029			644		640,920
Wendel SE 4.50%, 06/19/2030(a)	EUR		400		450,527
					29,355,649
Insurance – 0.8%
Aegon Ltd. 5.50%, 04/11/2048	U.S.$		780		755,828
Ageas SA/NV 1.875%, 11/24/2051(a)	EUR		100		88,817
3.25%, 07/02/2049(a)			100		101,369
AIA Group Ltd. 4.95%, 04/04/2033(a)	U.S.$		240		239,441
Allianz SE 2.24%, 07/07/2045(a)	EUR		200		210,556
3.10%, 07/06/2047(a)			200		210,606
5.82%, 07/25/2053(a)			100		120,057
Series E 4.25%, 07/05/2052(a)			200		216,517
American International Group, Inc. Series A-9 5.75%, 04/01/2048	U.S.$		310		304,020
Argentum Netherlands BV for Swiss Re Ltd. 5.75%, 08/15/2050(a)			365		361,896
Argentum Netherlands BV for Zurich Insurance Co., Ltd. Series E 3.50%, 10/01/2046(a)	EUR		155		164,865
Arthur J Gallagher & Co. 5.45%, 07/15/2034	U.S.$		129		129,849
5.75%, 07/15/2054			129		129,408
Assicurazioni Generali SpA Series E 2.43%, 07/14/2031(a)	EUR		284		272,144
Athene Global Funding 2.72%, 01/07/2029(a)	U.S.$		13		11,462
5.52%, 03/25/2027(a)			130		130,067
5.58%, 01/09/2029(a)			130		130,902
Series E 0.37%, 09/10/2026(a)	EUR		107		106,458

56 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
0.83%, 01/08/2027(a)	EUR		530	$	527,385
Athene Holding Ltd. 3.50%, 01/15/2031	U.S.$		454		399,758
6.25%, 04/01/2054			129		130,914
Aviva PLC 4.00%, 06/03/2055(a)	GBP		135		142,206
AXA SA Series E 3.25%, 05/28/2049(a)	EUR		199		205,756
4.25%, 03/10/2043(a)			243		262,427
Berkshire Hathaway, Inc. 2.15%, 03/15/2028			280		291,392
Cloverie PLC for Zurich Insurance Co., Ltd. Series E 5.625%, 06/24/2046(a)	U.S.$		315		313,963
CNP Assurances SACA Series E 2.50%, 06/30/2051(a)	EUR		6,200		5,913,624
Coface SA 6.00%, 09/22/2032(a)			300		355,324
Corebridge Global Funding 5.20%, 01/12/2029(a)	U.S.$		129		129,229
Credit Agricole Assurances SA 4.75%, 09/27/2048(a)	EUR		8,900		9,786,833
GA Global Funding Trust 5.50%, 01/08/2029(a)	U.S.$		650		652,411
Global Atlantic Fin Co. 7.95%, 06/15/2033(a)			557		618,604
Guardian Life Insurance Co. of America (The) 4.85%, 01/24/2077(a)			149		125,372
Humana, Inc. 5.375%, 04/15/2031			36		36,034
5.75%, 03/01/2028			77		78,776
5.95%, 03/15/2034			5,853		6,081,080
Lincoln National Corp. 5.85%, 03/15/2034			131		129,330
Marsh & McLennan Cos., Inc. 5.15%, 03/15/2034			128		128,972
5.45%, 03/15/2054			128		128,483
5.70%, 09/15/2053			120		124,654
MetLife Capital Trust IV 7.875%, 12/15/2037(a)			110		117,956
Metropolitan Life Global Funding I 5.05%, 01/08/2034(a)			653		645,606
6.27% (SOFR + 0.91%), 03/21/2025(a)(f)			285		286,538

abfunds.com AB GLOBAL BOND  FUND ^| 57

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 1.25%, 05/26/2041(a)	EUR		100	$	90,402
3.25%, 05/26/2049(a)			3,700		3,860,248
Mutual of Omaha Cos. Global Funding 5.45%, 12/12/2028(a)	U.S.$		126		128,414
Nationwide Mutual Insurance Co. 9.375%, 08/15/2039(a)			4,295		5,566,615
New York Life Global Funding 4.90%, 04/02/2027(a)			130		129,790
5.00%, 01/09/2034(a)			649		641,561
New York Life Insurance Co. 4.45%, 05/15/2069(a)			80		65,320
Northwestern Mutual Global Funding 5.07%, 03/25/2027(a)			129		129,585
Principal Life Global Funding II 5.50%, 06/28/2028(a)			171		171,858
Prudential Financial, Inc. 4.50%, 09/15/2047			677		635,270
QBE Insurance Group Ltd. 5.875%, 05/12/2025(a)(c)			325		321,135
RGA Global Funding 5.50%, 01/11/2031(a)			600		601,987
6.00%, 11/21/2028(a)			610		629,193
Sammons Financial Group, Inc. 4.75%, 04/08/2032(a)			129		112,831
6.875%, 04/15/2034(a)			131		131,990
Sogecap SA 6.50%, 05/16/2044(a)	EUR		200		240,766
Teachers Insurance & Annuity Association of America 4.90%, 09/15/2044(a)	U.S.$		638		584,925
UnitedHealth Group, Inc. 3.875%, 08/15/2059			325		250,891
4.60%, 04/15/2027			129		128,306
4.70%, 04/15/2029			129		128,684
4.90%, 04/15/2031			507		507,331
4.95%, 05/15/2062			481		449,615
5.00%, 04/15/2034			647		647,733
5.375%, 04/15/2054			129		131,169
5.50%, 04/15/2064			129		131,213
6.05%, 02/15/2063			111		122,223
Vienna Insurance Group AG Wiener Versicherung Gruppe Series E 4.875%, 06/15/2042(a)	EUR		200		218,535
					48,054,479

58 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Other Finance – 0.1%
Blackstone Private Credit Fund 1.75%, 11/30/2026(a)	EUR		270	$	267,551
China Cinda 2020 I Management Ltd. Series E 3.00%, 01/20/2031(a)	U.S.$		510		436,035
Computershare US, Inc. Series E 1.125%, 10/07/2031(a)	EUR		305		267,790
Digital Dutch Finco BV 1.50%, 03/15/2030(a)			3,165		2,972,150
Nasdaq, Inc. 4.50%, 02/15/2032			179		204,042
					4,147,568
REITs – 1.2%
American Tower Corp. 0.50%, 01/15/2028			196		188,581
0.875%, 05/21/2029			16,895		15,891,143
4.00%, 06/01/2025	U.S.$		282		276,942
4.125%, 05/16/2027	EUR		242		264,338
5.20%, 02/15/2029	U.S.$		59		59,011
Annington Funding PLC Series E 3.18%, 07/12/2029(a)	GBP		3,571		4,043,039
Aroundtown SA Series E 0.375%, 04/15/2027(a)	EUR		100		90,450
CBRE Services, Inc. 5.50%, 04/01/2029	U.S.$		643		647,466
5.95%, 08/15/2034			513		526,338
Covivio SA/France Series E 4.625%, 06/05/2032(a)	EUR		200		224,094
Crown Castle, Inc. 5.60%, 06/01/2029	U.S.$		84		85,091
Digital Dutch Finco BV 1.25%, 02/01/2031(a)	EUR		5,903		5,286,912
Digital Intrepid Holding BV 0.625%, 07/15/2031(a)			330		278,422
Equinix, Inc. 1.00%, 03/15/2033			522		447,213
Essential Properties LP 2.95%, 07/15/2031	U.S.$		10,801		8,746,293
GLP Capital LP/GLP Financing II, Inc. 3.25%, 01/15/2032			3,900		3,285,939
4.00%, 01/15/2030			260		237,289
4.00%, 01/15/2031			1,667		1,488,358

abfunds.com AB GLOBAL BOND  FUND ^| 59

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Heimstaden Bostad Treasury BV Series E 0.625%, 07/24/2025(a)	EUR		8,551	$	8,497,402
Kojamo Oyj Series E 0.875%, 05/28/2029(a)			299		267,293
MAF Sukuk Ltd. Series E 3.93%, 02/28/2030(a)	U.S.$		340		318,121
Omega Healthcare Investors, Inc. 3.25%, 04/15/2033			8,923		7,230,655
3.375%, 02/01/2031			185		158,034
3.625%, 10/01/2029			1,382		1,232,569
Praemia Healthcare SACA 0.875%, 11/04/2029(a)	EUR		300		268,165
Prologis Euro Finance LLC 0.375%, 02/06/2028			145		139,157
Series E 1.00%, 02/08/2029			220		211,552
Regency Centers LP 4.40%, 02/01/2047	U.S.$		33		27,091
Segro Capital SARL Series E 1.25%, 03/23/2026(a)	EUR		100		102,802
Simon Property Group LP 6.25%, 01/15/2034	U.S.$		133		142,272
Sirius Real Estate Ltd. 1.125%, 06/22/2026(a)	EUR		200		199,583
Stockland Trust Series E 1.625%, 04/27/2026(a)			100		102,101
Swire Pacific Mtn Financing HK Ltd. Series E 2.875%, 01/30/2030(a)	U.S.$		340		300,262
Trust Fibra Uno 4.87%, 01/15/2030(a)			700		621,906
6.39%, 01/15/2050(a)			205		166,883
7.375%, 02/13/2034(a)			236		235,410
VICI Properties LP 5.75%, 04/01/2034			605		599,220
6.125%, 04/01/2054			130		127,836
WEA Finance LLC 2.875%, 01/15/2027(a)			701		641,841
3.50%, 06/15/2029(a)			688		606,930
Westfield America Management Ltd. 2.625%, 03/30/2029(a)	GBP		2,605		2,884,417

60 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Wharf REIC Finance BVI Ltd. Series E 2.875%, 05/07/2030(a)	U.S.$		260	$	228,935
WPC Eurobond BV 1.35%, 04/15/2028	EUR		435		423,526
					67,800,882
					708,112,431
Utility – 1.7%
Electric – 1.0%
Abu Dhabi National Energy Co. PJSC 4.875%, 04/23/2030(a)	U.S.$		420		420,656
Adani Transmission Step-One Ltd. 4.00%, 08/03/2026(a)			8,086		7,602,457
AES Andes SA 6.30%, 03/15/2029(a)			6,513		6,575,916
AES Panama Generation Holdings SRL 4.375%, 05/31/2030(a)			638		554,708
Alexander Funding Trust II 7.47%, 07/31/2028(a)			2,863		3,027,071
AltaLink LP 4.69%, 11/28/2032	CAD		3,881		2,906,524
Appalachian Power Co. 5.65%, 04/01/2034	U.S.$		129		130,191
AusNet Services Holdings Pty Ltd. Series E 1.50%, 02/26/2027(a)	EUR		507		517,647
Avangrid, Inc. 3.20%, 04/15/2025	U.S.$		99		96,506
Black Hills Corp. 5.95%, 03/15/2028			2		2,063
Chile Electricity PEC SpA Zero Coupon, 01/25/2028(g)			206		161,839
Cometa Energia SA de CV 6.375%, 04/24/2035(a)			441		441,238
Commonwealth Edison Co. 5.30%, 02/01/2053			130		128,136
5.90%, 03/15/2036			150		159,172
Series 133 3.85%, 03/15/2052			98		76,121
Connecticut Light & Power Co. (The) 4.65%, 01/01/2029			130		128,501
Consolidated Edison Co. of New York, Inc. 4.50%, 05/15/2058			102		86,486
Series 06-A 5.85%, 03/15/2036			115		120,177
Consorcio Transmantaro SA 5.20%, 04/11/2038(a)			460		432,975

abfunds.com AB GLOBAL BOND  FUND ^| 61

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
DTE Electric Co. 4.85%, 12/01/2026	U.S.$		129	$	128,989
DTE Energy Co. 5.10%, 03/01/2029			129		128,541
Duke Energy Corp. 3.10%, 06/15/2028	EUR		500		529,685
Duke Energy Florida LLC 6.20%, 11/15/2053	U.S.$		121		133,530
Duke Energy Indiana LLC 5.25%, 03/01/2034			129		130,137
Duke Energy Ohio, Inc. 4.30%, 02/01/2049			130		108,144
5.55%, 03/15/2054			131		130,733
Duke Energy Progress LLC 5.10%, 03/15/2034			131		131,042
5.35%, 03/15/2053			602		588,266
E.ON International Finance BV Series DIP 1.00%, 04/13/2025(a)	EUR		91		95,524
Electricite de France SA Series MPLE 5.99%, 05/23/2030(a)	CAD		4,109		3,175,900
Emirates Semb Corp. Water & Power Co. PJSC 4.45%, 08/01/2035(a)	U.S.$		220		206,250
Enel Chile SA 4.875%, 06/12/2028			270		262,997
Enel Finance International NV 5.00%, 06/15/2032(a)			200		193,865
7.50%, 10/14/2032(a)			300		338,718
7.75%, 10/14/2052(a)			200		244,802
Series E 0.375%, 05/28/2029(a)	EUR		360		336,461
Engie Energia Chile SA 3.40%, 01/28/2030(a)	U.S.$		250		217,187
Entergy Louisiana LLC 4.75%, 09/15/2052			123		109,612
5.70%, 03/15/2054			413		420,523
Entergy Texas, Inc. 5.00%, 09/15/2052			610		558,111
Eversource Energy 5.50%, 01/01/2034			283		283,195
Florida Power & Light Co. 4.05%, 06/01/2042			435		377,404
4.125%, 06/01/2048			125		105,347
5.30%, 04/01/2053			130		130,452
Fortis, Inc./Canada 5.68%, 11/08/2033	CAD		1,375		1,077,828

62 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Georgia Power Co. Series B 3.70%, 01/30/2050	U.S.$		290	$	222,571
Infraestructura Energetica Nova SAPI de CV 4.75%, 01/15/2051(a)			480		365,700
Israel Electric Corp., Ltd. Series G 3.75%, 02/22/2032(a)			290		245,684
4.25%, 08/14/2028(a)			450		418,641
LLPL Capital Pte Ltd. 6.875%, 02/04/2039(a)			372		369,061
Minejesa Capital BV 4.625%, 08/10/2030(a)			865		820,397
National Grid PLC Series E 0.55%, 09/18/2029(a)	EUR		554		510,654
4.275%, 01/16/2035(a)			125		139,199
Nevada Power Co. Series GG 5.90%, 05/01/2053	U.S.$		538		560,763
Niagara Mohawk Power Corp. 4.28%, 12/15/2028(a)			1,751		1,670,175
5.29%, 01/17/2034(a)			7,275		7,156,979
5.66%, 01/17/2054(a)			536		532,369
NRG Energy, Inc. 4.45%, 06/15/2029(a)			1,114		1,054,312
Pacific Gas & Electric Co. 5.55%, 05/15/2029			31		31,271
5.80%, 05/15/2034			283		285,537
PacifiCorp 4.15%, 02/15/2050			390		306,012
5.10%, 02/15/2029			49		49,367
6.35%, 07/15/2038			110		116,743
PECO Energy Co. 2.85%, 09/15/2051			155		99,735
Public Service Co. of Colorado 5.25%, 04/01/2053			123		116,338
Public Service Electric & Gas Co. 3.80%, 03/01/2046			410		328,748
5.45%, 03/01/2054			375		386,282
RH International Singapore Corp. Pte Ltd. Series E 4.50%, 03/27/2028(a)			470		451,787
San Diego Gas & Electric Co. Series UUU 3.32%, 04/15/2050			360		254,596

abfunds.com AB GLOBAL BOND  FUND ^| 63

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Series WWW 2.95%, 08/15/2051	U.S.$		231	$	155,916
Sierra Pacific Power Co. 5.90%, 03/15/2054(a)			178		183,732
Sociedad de Transmision Austral SA 4.00%, 01/27/2032(a)			390		340,763
Southern California Edison Co. 5.15%, 06/01/2029			129		129,465
5.35%, 03/01/2026			645		646,165
5.70%, 03/01/2053			120		120,600
5.75%, 04/15/2054			129		130,656
5.875%, 12/01/2053			123		127,112
Series E 5.45%, 06/01/2052			120		116,692
Tampa Electric Co. 5.00%, 07/15/2052			120		110,355
TenneT Holding BV Series** 2.37%, 07/22/2025(a)(c)	EUR		125		130,972
TNB Global Ventures Capital Bhd 4.85%, 11/01/2028(a)	U.S.$		430		425,566
Tucson Electric Power Co. 5.50%, 04/15/2053			296		293,076
Union Electric Co. 5.25%, 01/15/2054			650		624,609
Vistra Operations Co. LLC 6.95%, 10/15/2033(a)			253		269,947
Xcel Energy, Inc. 4.60%, 06/01/2032			303		285,164
					54,295,338
Natural Gas – 0.3%
Atmos Energy Corp. 5.45%, 10/15/2032			32		32,990
Boston Gas Co. 6.12%, 07/20/2053(a)			316		321,825
Brooklyn Union Gas Co. (The) 6.39%, 09/15/2033(a)			122		126,097
Cadent Finance PLC Series E 0.625%, 03/19/2030(a)	EUR		14,235		12,969,799
4.25%, 07/05/2029(a)			489		545,538
Centrica PLC Series E 4.375%, 03/13/2029(a)	GBP		120		148,041
CU, Inc. 5.90%, 11/20/2034	CAD		1,227		992,476

64 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Grupo Energia Bogota SA ESP 7.85%, 11/09/2033(a)	U.S.$		200	$	220,506
KeySpan Gas East Corp. 3.59%, 01/18/2052(a)			137		92,236
National Grid North America, Inc. Series E 1.05%, 01/20/2031(a)	EUR		209		190,000
Southern California Gas Co. 5.60%, 04/01/2054	U.S.$		381		380,729
5.75%, 06/01/2053			123		125,251
					16,145,488
Other Utility – 0.4%
American Water Capital Corp. 5.15%, 03/01/2034			328		329,294
Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy 7.875%, 02/15/2039(a)			435		467,964
Suez SACA Series E
2.375%, 05/24/2030(a)	EUR		12,900		13,009,576
4.625%, 11/03/2028(a)			200		225,337
Thames Water Utilities Finance PLC Series E
4.00%, 04/18/2027(a)			1,900		1,936,143
6.75%, 11/16/2028	GBP		7,480		9,235,066
					25,203,380
					95,644,206
Total Corporates – Investment Grade (cost $1,535,750,456)					1,533,614,624
MORTGAGE PASS-THROUGHS – 13.6%
Agency Fixed Rate 30-Year – 13.6%
Federal Home Loan Mortgage Corp. Gold Series 2019 4.50%, 02/01/2049	U.S.$		6,050		5,871,878
Federal National Mortgage Association Series 2005 5.50%, 02/01/2035			6		5,684
Series 2007 5.50%, 09/01/2036			4		3,752
5.50%, 08/01/2037			4		4,202
Series 2008 5.50%, 03/01/2037			2		1,716
Series 2012 3.50%, 11/01/2042			13,357		12,400,993

abfunds.com AB GLOBAL BOND  FUND ^| 65

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Series 2017 3.50%, 06/01/2047	U.S.$		11	$	9,961
3.50%, 08/01/2047			18		16,456
3.50%, 10/01/2047			128		116,355
3.50%, 01/01/2048			6		5,839
Series 2018 3.50%, 01/01/2048			5		4,103
3.50%, 02/01/2048			150		136,592
3.50%, 03/01/2048			6,238		5,698,418
3.50%, 05/01/2048			13		11,686
4.50%, 09/01/2048			7,476		7,246,874
4.50%, 12/01/2048			4,842		4,695,323
Series 2020 3.50%, 01/01/2050			13,799		12,558,084
Government National Mortgage Association Series 2022 5.00%, 11/20/2052			37,674		37,056,282
Series 2023 4.50%, 06/20/2053			18,437		17,705,268
Series 2024 2.50%, 04/01/2043, TBA			142,818		121,633,906
3.00%, 04/01/2043, TBA			88,127		77,729,644
4.00%, 04/15/2043, TBA			17,468		16,347,986
4.50%, 04/01/2042, TBA			58,029		55,754,768
5.00%, 04/01/2042, TBA			76,371		75,069,854
5.50%, 04/15/2042, TBA			167,967		167,868,381
6.00%, 04/01/2042, TBA			33,278		33,576,112
Uniform Mortgage-Backed Security Series 2024 2.00%, 04/01/2051, TBA			65,737		52,007,309
6.00%, 04/01/2041, TBA			67,299		67,937,718
6.50%, 04/01/2041, TBA			9,793		10,003,048
Total Mortgage Pass-Throughs (cost $784,794,487)					781,478,192
COVERED BONDS – 4.7%
Banco de Sabadell SA 1.00%, 04/26/2027(a)	EUR		7,900		7,968,717
Bank of Montreal Series E 0.125%, 01/26/2027(a)			17,195		17,003,085
Bank of Nova Scotia (The) 0.01%, 01/14/2027(a)			17,880		17,646,488
Series E 0.01%, 12/15/2027(a)			3,620		3,484,321

66 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
BPCE SFH SA 0.625%, 09/22/2027(a)	EUR		5,200	$	5,171,281
Caisse de Refinancement de l’Habitat SA 2.75%, 04/12/2028(a)			7,300		7,801,034
Series E 0.125%, 04/30/2027(a)			3,500		3,450,230
Caisse Francaise de Financement Local 0.01%, 02/22/2028(a)			7,100		6,820,456
Series E 0.50%, 02/19/2027(a)			6,500		6,514,522
0.75%, 01/11/2027(a)			7,500		7,587,017
Cie de Financement Foncier SA 3.125%, 05/18/2027(a)			4,700		5,073,112
Commonwealth Bank of Australia 0.125%, 10/15/2029(a)			17,890		16,424,416
Series E 0.75%, 02/28/2028(a)			4,795		4,720,498
Credit Agricole Home Loan SFH SA 2.875%, 06/23/2028(a)			1,600		1,718,723
Series E 0.01%, 04/12/2028(a)			1,900		1,820,018
0.875%, 08/31/2027(a)			1,900		1,906,138
3.375%, 09/04/2028(a)			8,400		9,205,515
Credit Mutuel Home Loan SFH SA Series E 3.125%, 06/22/2027(a)			14,300		15,473,207
DNB Boligkreditt AS 0.01%, 10/08/2027(a)			7,015		6,818,129
National Australia Bank Ltd. 0.01%, 01/06/2029(a)			17,865		16,635,982
Series E 3.26%, 02/13/2026(a)			5,000		5,382,742
Series G 0.625%, 03/16/2027(a)			11,055		11,057,425
Nationwide Building Society 3.625%, 03/15/2028(a)			10,740		11,820,628
Series E 0.625%, 03/25/2027(a)			4,570		4,580,309
1.125%, 05/31/2028(a)			1,570		1,566,373
Royal Bank of Canada Series E 0.01%, 01/21/2027(a)			3,100		3,057,769
0.125%, 04/26/2027(a)			20,240		19,886,754
Santander UK PLC 1.125%, 03/12/2027(a)			4,609		4,685,789
Series G 0.05%, 01/12/2027(a)			15,000		14,817,443

abfunds.com AB GLOBAL BOND  FUND ^| 67

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Societe Generale SFH SA Series E 0.01%, 12/02/2026(a)	EUR		600	$	597,198
Toronto-Dominion Bank (The) Series 28 0.10%, 07/19/2027(a)			3,770		3,679,961
Series G 0.86%, 03/24/2027(a)			1,500		1,511,420
3.25%, 04/27/2026(a)			14,125		15,211,300
Westpac Banking Corp. Series E 0.01%, 09/22/2028(a)			10,098		9,451,148
Total Covered Bonds (cost $280,496,185)					270,549,148
COLLATERALIZED MORTGAGE OBLIGATIONS – 2.7%
Risk Share Floating Rate – 2.7%
Bellemeade Re Ltd. Series 2019-3A, Class M1C 7.39% (CME Term SOFR 1 Month + 2.06%), 07/25/2029(a)(f)	U.S.$		3,541		3,544,659
Series 2021-3A, Class A2 6.32% (CME Term SOFR + 1.00%), 09/25/2031(a)(f)			7,225		7,182,648
Connecticut Avenue Securities Trust
Series 2020-R01, Class 1M2 7.485% (CME Term SOFR + 2.16%), 01/25/2040(a)(f)			1,627		1,648,381
Series 2021-R01, Class 1M1 6.07% (CME Term SOFR + 0.75%), 10/25/2041(a)(f)			13		13,110
Series 2021-R01, Class 1M2 6.87% (CME Term SOFR + 1.55%), 10/25/2041(a)(f)			878		881,872
Series 2022-R06, Class 1M1 8.07% (CME Term SOFR + 2.75%), 05/25/2042(a)(f)			5,385		5,526,759
Series 2022-R08, Class 1M1 7.87% (CME Term SOFR + 2.55%), 07/25/2042(a)(f)			10,347		10,620,477
Series 2023-R04, Class 1M1 7.62% (CME Term SOFR + 2.30%), 05/25/2043(a)(f)			6,052		6,176,533
Series 2023-R05, Class 1M1 7.22% (CME Term SOFR + 1.90%), 06/25/2043(a)(f)			5,642		5,700,927

68 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Eagle RE Ltd.
Series 2021-2, Class M1B 7.37% (CME Term SOFR + 2.05%), 04/25/2034(a)(f)	U.S.$		2,680	$	2,683,659
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 2021-DNA5, Class M2 6.97% (CME Term SOFR + 1.65%), 01/25/2034(a)(f)			4,118		4,138,591
Series 2021-DNA6, Class M1 6.12% (CME Term SOFR + 0.80%), 10/25/2041(a)(f)			309		308,182
Series 2021-DNA6, Class M2 6.82% (CME Term SOFR + 1.50%), 10/25/2041(a)(f)			11,395		11,411,501
Series 2021-DNA7, Class M1 6.17% (CME Term SOFR + 0.85%), 11/25/2041(a)(f)			575		574,621
Series 2021-DNA7, Class M2 7.12% (CME Term SOFR + 1.80%), 11/25/2041(a)(f)			13,277		13,352,581
Series 2021-HQA4, Class M1 6.27% (CME Term SOFR + 0.95%), 12/25/2041(a)(f)			13,632		13,559,310
Series 2021-HQA4, Class M2 7.67% (CME Term SOFR + 2.35%), 12/25/2041(a)(f)			6,919		6,957,809
Series 2023-DNA1, Class M1A 7.42% (CME Term SOFR + 2.10%), 03/25/2043(a)(f)			13,814		14,094,114
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Debt Notes 2015-DNA1
Series 2015-DNA1, Class M3 8.735% (CME Term SOFR + 3.41%), 10/25/2027(f)			1,056		1,065,887
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2022-DNA3
Series 2022-DNA3, Class M2 9.67% (CME Term SOFR + 4.35%), 04/25/2042(a)(f)			4,004		4,290,657
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2023-DNA2

abfunds.com AB GLOBAL BOND  FUND ^| 69

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Series 2023-DNA2, Class M1A 7.42% (CME Term SOFR + 2.10%), 04/25/2043(a)(f)	U.S.$		12,228	$	12,451,595
Federal National Mortgage Association Connecticut Avenue Securities
Series 2014-C04, Class 1M2 10.335% (CME Term SOFR + 5.01%), 11/25/2024(f)			1,131		1,151,884
Series 2015-C01, Class 1M2 9.735% (CME Term SOFR + 4.41%), 02/25/2025(f)			1,152		1,177,823
Series 2015-C02, Class 1M2 9.435% (CME Term SOFR + 4.11%), 05/25/2025(f)			1,159		1,193,922
Series 2015-C03, Class 1M2 10.435% (CME Term SOFR + 5.11%), 07/25/2025(f)			271		281,732
Series 2015-C04, Class 1M2 11.135% (CME Term SOFR + 5.81%), 04/25/2028(f)			836		882,976
Series 2015-C04, Class 2M2 10.985% (CME Term SOFR + 5.66%), 04/25/2028(f)			3,612		3,715,689
Series 2016-C01, Class 2M2 12.385% (CME Term SOFR + 7.06%), 08/25/2028(f)			480		499,972
Series 2016-C02, Class 1M2 11.435% (CME Term SOFR + 6.11%), 09/25/2028(f)			1,239		1,288,749
Series 2021-R02, Class 2M2 7.32% (CME Term SOFR + 2.00%), 11/25/2041(a)(f)			7,361		7,402,444
Home RE Ltd. Series 2023-1, Class M1A 7.47% (CME Term SOFR + 2.15%), 10/25/2033(a)(f)			3,088		3,097,368
JP Morgan Madison Avenue Securities Trust Series 2015-CH1, Class M2 10.935% (CME Term SOFR + 5.61%), 10/25/2025(a)(f)			1,365		1,395,168
PMT Credit Risk Transfer Trust Series 2019-2R, Class A 9.20% (CME Term SOFR 1 Month + 3.86%), 05/30/2025(a)(f)			4,217		4,218,701
Series 2019-3R, Class A 9.14% (CME Term SOFR + 3.81%), 11/27/2031(a)(f)			294		293,995

70 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Triangle Re Ltd. Series 2021-3, Class M1A 7.22% (CME Term SOFR + 1.90%), 02/25/2034(a)(f)	U.S.$		280	$	280,257
					153,064,553
Non-Agency Fixed Rate – 0.0%
Alternative Loan Trust Series 2006-24CB, Class A15 5.75%, 08/25/2036			1,249		673,699
Series 2006-26CB, Class A6 6.25%, 09/25/2036			111		55,480
Series 2006-26CB, Class A8 6.25%, 09/25/2036			416		207,251
Series 2006-J1, Class 1A11 5.50%, 02/25/2036			589		403,353
Series 2007-15CB, Class A19 5.75%, 07/25/2037			249		143,730
CHL Mortgage Pass-Through Trust Series 2007-3, Class A30 5.75%, 04/25/2037			757		347,725
Series 2007-HY4, Class 1A1 4.43%, 09/25/2047			216		185,838
Citigroup Mortgage Loan Trust Series 2007-AR4, Class 1A1A 4.69%, 03/25/2037			109		89,226
Residential Accredit Loans, Inc. Trust Series 2005-QS14, Class 3A1 6.00%, 09/25/2035			453		369,292
Wells Fargo Mortgage Backed Securities Trust Series 2007-AR7, Class A1 5.88%, 12/28/2037			691		591,492
					3,067,086
Non-Agency Floating Rate – 0.0%
First Horizon Alternative Mortgage Securities Trust Series 2007-FA2, Class 1A10 5.69% (CME Term SOFR 1 Month + 0.36%), 04/25/2037(f)			527		122,710
Total Collateralized Mortgage Obligations (cost $156,502,586)					156,254,349

abfunds.com AB GLOBAL BOND  FUND ^| 71

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
COLLATERALIZED LOAN OBLIGATIONS – 2.7%
CLO - Floating Rate – 2.7%
AGL CLO 16 Ltd. Series 2021-16A, Class A 6.71% (CME Term SOFR 3 Month + 1.39%), 01/20/2035(a)(f)	U.S.$		700	$	700,416
Allegro CLO XI Ltd. Series 2019-2A, Class BR 7.20% (CME Term SOFR 3 Month + 1.90%), 01/19/2033(a)(f)			11,755		11,754,607
Apidos CLO XXXV Series 2021-35A, Class A 6.63% (CME Term SOFR 3 Month + 1.31%), 04/20/2034(a)(f)			5,030		5,030,991
Balboa Bay Loan Funding Ltd. Series 2022-1A, Class A 6.75% (CME Term SOFR 3 Month + 1.43%), 04/20/2034(a)(f)			4,500		4,499,739
Ballyrock CLO 16 Ltd. Series 2021-16A, Class A1 6.71% (CME Term SOFR 3 Month + 1.39%), 07/20/2034(a)(f)			3,917		3,916,706
Betony CLO 2 Ltd. Series 2018-1A, Class A1 6.66% (CME Term SOFR 3 Month + 1.34%), 04/30/2031(a)(f)			1,779		1,781,230
Elmwood CLO 15 Ltd. Series 2022-2A, Class A1 6.66% (CME Term SOFR 3 Month + 1.34%), 04/22/2035(a)(f)			5,000		5,001,925
Invesco CLO Ltd. Series 2021-1A, Class A1 6.58% (CME Term SOFR 3 Month + 1.26%), 04/15/2034(a)(f)			5,500		5,501,710
Kings Park CLO Ltd. Series 2021-1A, Class A 6.71% (CME Term SOFR 3 Month + 1.39%), 01/21/2035(a)(f)			5,450		5,454,082
Marble Point CLO XI Ltd. Series 2017-2A, Class A 6.74% (CME Term SOFR 3 Month + 1.44%), 12/18/2030(a)(f)			12,651		12,660,665
OCP CLO Ltd. Series 2020-18A, Class AR 6.67% (CME Term SOFR 3 Month + 1.35%), 07/20/2032(a)(f)			3,453		3,454,840
Octagon Loan Funding Ltd. Series 2014-1A, Class ARR 6.76% (CME Term SOFR 3 Month + 1.44%), 11/18/2031(a)(f)			8,984		8,992,310

72 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
OZLM XVIII Ltd. Series 2018-18A, Class A 6.60% (CME Term SOFR 3 Month + 1.28%), 04/15/2031(a)(f)	U.S.$		13,194	$	13,194,472
Peace Park CLO Ltd. Series 2021-1A, Class A 6.71% (CME Term SOFR 3 Month + 1.39%), 10/20/2034(a)(f)			4,620		4,621,682
Series 2021-1A, Class B1 7.18% (CME Term SOFR 3 Month + 1.86%), 10/20/2034(a)(f)			3,667		3,668,004
Pikes Peak CLO 15 2023 Ltd. Series 2023-15A, Class A1 7.09% (CME Term SOFR 3 Month + 1.75%), 10/20/2036 (a)(f)			4,990		5,014,973
Pikes Peak CLO 8 Series 2021-8A, Class A 6.75% (CME Term SOFR 3 Month + 1.43%), 07/20/2034(a)(f)			14,279		14,288,903
Rad CLO 14 Ltd. Series 2021-14A, Class A 6.75% (CME Term SOFR 3 Month + 1.43%), 01/15/2035(a)(f)			4,750		4,752,142
Regatta XXIV Funding Ltd. Series 2021-5A, Class A1 6.73% (CME Term SOFR 3 Month + 1.41%), 01/20/2035(a)(f)			450		450,227
Rockford Tower CLO Ltd. Series 2018-2A, Class A 6.74% (CME Term SOFR 3 Month + 1.42%), 10/20/2031(a)(f)			7,985		7,985,582
Signal Peak CLO 12 Ltd. Series 2022-12A, Class A1 6.84% (CME Term SOFR 3 Month + 1.54%), 07/18/2034(a)(f)			15,929		15,974,993
Silver Point CLO 3 Ltd. Series 2023-3A, Class A1 7.32% (CME Term SOFR 3 Month + 1.93%), 11/29/2036(a)(f)			10,514		10,596,103
TIAA CLO IV Ltd. Series 2018-1A, Class A1A 6.81% (CME Term SOFR 3 Month + 1.49%), 01/20/2032(a)(f)			4,510		4,509,801
Total Collateralized Loan Obligations (cost $152,947,542)					153,806,103

abfunds.com AB GLOBAL BOND  FUND ^| 73

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
INFLATION-LINKED SECURITIES – 1.8%
Canada – 0.2%
Canadian Government Real Return Bond 4.00%, 12/01/2031	CAD		15,331	$	13,253,062
Sweden – 0.5%
Sweden Inflation Linked Bond Series 3104 3.50%, 12/01/2028(a)	SEK		30,335		5,067,646
Series 3112 0.125%, 06/01/2026(a)			54,990		6,544,300
Series 3113 0.125%, 12/01/2027(a)			117,360		13,672,546
					25,284,492
United States – 1.1%
U.S. Treasury Inflation Index 1.375%, 07/15/2033	U.S.$		66,818		64,191,013
Total Inflation-Linked Securities (cost $100,431,131)					102,728,567
LOCAL GOVERNMENTS - REGIONAL BONDS – 1.6%
Australia – 0.8%
New South Wales Treasury Corp. 2.00%, 03/08/2033	AUD		45,139		23,971,464
Treasury Corp. of Victoria 2.00%, 11/20/2037			21,955		9,980,230
2.25%, 11/20/2034			26,945		13,851,851
					47,803,545
Japan – 0.7%
Japan Finance Organization for Municipalities Series G 0.05%, 02/12/2027(a)	EUR		29,930		29,566,165
2.375%, 09/08/2027(a)			9,345		9,830,034
					39,396,199
Peru – 0.1%
Credicorp Capital Sociedad Titulizadora SA 10.10%, 12/15/2043(a)	PEN		22,925		6,230,762
Total Local Governments - Regional Bonds (cost $96,186,926)					93,430,506

74 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
ASSET-BACKED SECURITIES – 1.5%
Other ABS - Fixed Rate – 1.1%
Amur Equipment Finance Receivables XII LLC Series 2023-1A, Class A2 6.09%, 12/20/2029(a)	U.S.$		3,924	$	3,946,887
BHG Securitization Trust Series 2023-A, Class A 5.55%, 04/17/2036(a)			5,255		5,223,387
Series 2023-B, Class A 6.92%, 12/17/2036(a)			2,690		2,741,645
CNH Equipment Trust Series 2022-C, Class A2 5.42%, 07/15/2026			2,588		2,586,608
Dell Equipment Finance Trust Series 2023-1, Class A2 5.65%, 09/22/2028(a)			2,136		2,135,951
Series 2023-3, Class A2 6.10%, 04/23/2029(a)			4,282		4,293,955
Dext ABS LLC Series 2023-1, Class A2 5.99%, 03/15/2032(a)			5,310		5,269,069
Series 2023-2, Class A2 6.56%, 05/15/2034(a)			5,114		5,144,027
HINNT LLC Series 2024-A, Class A 5.49%, 03/15/2043(a)			4,079		4,093,359
HPEFS Equipment Trust Series 2022-3A, Class A2 5.26%, 08/20/2029(a)			2,139		2,136,900
Series 2023-1A, Class A2 5.43%, 08/20/2025(a)			2,540		2,537,178
Kubota Credit Owner Trust Series 2023-1A, Class A2 5.40%, 02/17/2026(a)			5,148		5,145,677
Marlette Funding Trust Series 2023-3A, Class A 6.49%, 09/15/2033(a)			2,671		2,673,837
Nelnet Student Loan Trust Series 2021-CA, Class B 2.53%, 04/20/2062(a)			8,191		6,656,632
NMEF Funding LLC Series 2023-A, Class A2 6.57%, 06/17/2030(a)			5,789		5,833,521
SBA Tower Trust Series 2014-2A, Class C 3.87%, 10/15/2049(a)			3,008		2,972,216
					63,390,849

abfunds.com AB GLOBAL BOND  FUND ^| 75

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Autos - Fixed Rate – 0.4%
BOF VII AL Funding Trust I Series 2023-CAR3, Class A2 6.29%, 07/26/2032(a)	U.S.$		5,654	$	5,686,428
LAD Auto Receivables Trust Series 2023-2A, Class A2 5.93%, 06/15/2027(a)			3,885		3,889,150
Merchants Fleet Funding LLC Series 2023-1A, Class A 7.21%, 05/20/2036(a)			4,741		4,752,944
OCCU Auto Receivables Trust Series 2023-1A, Class A 2 6.23%, 04/15/2027(a)			3,459		3,469,138
Santander Bank Auto Credit-Linked Notes Series 2022-B, Class B 5.72%, 08/16/2032(a)			1,588		1,578,579
Wheels Fleet Lease Funding 1 LLC Series 2023-2A, Class A 6.46%, 08/18/2038(a)			4,378		4,422,843
					23,799,082
Total Asset-Backed Securities (cost $88,547,132)					87,189,931
GOVERNMENTS - SOVEREIGN AGENCIES – 1.5%
Canada – 0.4%
Canada Housing Trust No. 1 3.95%, 06/15/2028(a)	CAD		24,140		17,942,259
4.25%, 03/15/2034(a)			9,605		7,317,124
					25,259,383
France – 0.7%
Dexia SA Series E Zero Coupon, 01/21/2028(a)	EUR		22,100		21,364,748
0.01%, 01/22/2027(a)			7,200		7,144,546
SNCF Reseau Series E 3.125%, 10/25/2028			9,800		10,615,489
					39,124,783
Japan – 0.4%
Development Bank of Japan, Inc. Series G 0.01%, 09/09/2025(a)			15,859		16,288,333
0.875%, 10/10/2025(a)			5,600		5,812,866
					22,101,199

76 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
South Korea – 0.0%
Korea Gas Corp. 1.125%, 07/13/2026(a)	U.S.$		290	$	264,628
Total Governments - Sovereign Agencies (cost $88,654,266)					86,749,993
GOVERNMENTS - SOVEREIGN BONDS – 1.5%
Chile – 0.1%
Chile Electricity Lux MPC SARL 6.01%, 01/20/2033(a)			3,313		3,356,905
Chile Government International Bond 3.10%, 05/07/2041			825		610,451
3.50%, 01/25/2050			650		473,622
5.33%, 01/05/2054			265		255,145
					4,696,123
Colombia – 0.1%
Colombia Government International Bond 8.00%, 11/14/2035			3,073		3,226,650
Germany – 0.6%
Kreditanstalt fuer Wiederaufbau 2.00%, 02/15/2027	AUD		6,000		3,683,008
3.20%, 09/11/2026			6,008		3,827,571
4.10%, 02/20/2026			37,326		24,288,704
					31,799,283
Hungary – 0.0%
Hungary Government International Bond 2.125%, 09/22/2031(a)	U.S.$		673		534,019
3.125%, 09/21/2051(a)			200		126,625
5.25%, 06/16/2029(a)			310		306,900
6.125%, 05/22/2028(a)			250		256,328
6.75%, 09/25/2052(a)			420		451,114
					1,674,986
Indonesia – 0.3%
Indonesia Government International Bond 1.00%, 07/28/2029	EUR		5,330		5,008,126
2.15%, 07/28/2031	U.S.$		1,030		852,647
3.20%, 09/23/2061			640		424,800
3.375%, 07/30/2025(a)	EUR		10,564		11,315,055
3.55%, 03/31/2032	U.S.$		200		181,063
4.30%, 03/31/2052			750		642,422
					18,424,113

abfunds.com AB GLOBAL BOND  FUND ^| 77

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Mexico – 0.0%
Mexico Government International Bond 2.66%, 05/24/2031	U.S.$		400	$	333,600
4.28%, 08/14/2041			500		402,000
5.00%, 04/27/2051			550		463,375
6.34%, 05/04/2053			248		245,288
					1,444,263
Panama – 0.1%
Panama Bonos del Tesoro Series DO M 3.36%, 06/30/2031			258		202,303
Panama Government International Bond 3.87%, 07/23/2060			400		230,000
3.875%, 03/17/2028			920		838,350
6.85%, 03/28/2054			200		180,700
6.875%, 01/31/2036(h)			2,797		2,724,453
7.50%, 03/01/2031			2,653		2,747,513
					6,923,319
Peru – 0.0%
Peruvian Government International Bond 1.86%, 12/01/2032			150		114,515
2.78%, 12/01/2060			105		60,605
3.55%, 03/10/2051			660		475,530
					650,650
Philippines – 0.0%
Philippine Government International Bond 1.95%, 01/06/2032			1,660		1,337,337
3.23%, 03/29/2027			205		195,085
3.56%, 09/29/2032			205		184,308
4.20%, 03/29/2047			205		173,097
					1,889,827
Poland – 0.0%
Republic of Poland Government International Bond 4.875%, 10/04/2033			212		208,619
5.50%, 04/04/2053			158		157,954
					366,573
Qatar – 0.0%
Qatar Government International Bond 3.75%, 04/16/2030(a)			1,110		1,066,155
4.40%, 04/16/2050(a)			490		433,803
					1,499,958

78 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Romania – 0.2%
Romanian Government International Bond 2.875%, 04/13/2042(a)	EUR		300	$	221,502
3.00%, 02/14/2031(a)	U.S.$		250		210,156
3.625%, 03/27/2032(a)			256		219,920
5.25%, 11/25/2027(a)			694		684,241
6.375%, 01/30/2034(a)			300		304,406
6.625%, 09/27/2029(a)	EUR		8,410		9,818,032
					11,458,257
Saudi Arabia – 0.1%
KSA Sukuk Ltd. 5.27%, 10/25/2028(a)	U.S.$		405		412,684
Saudi Government International Bond 3.45%, 02/02/2061(a)			290		193,213
3.625%, 03/04/2028(a)			370		354,506
3.75%, 01/21/2055(a)			970		701,128
5.00%, 04/17/2049(a)			407		370,879
5.75%, 01/16/2054(a)			225		222,680
					2,255,090
Uruguay – 0.0%
Uruguay Government International Bond 4.375%, 01/23/2031			430		420,997
Total Governments - Sovereign Bonds (cost $92,132,093)					86,730,089
CORPORATES - NON-INVESTMENT GRADE – 1.4%
Industrial – 1.0%
Basic – 0.1%
INEOS Quattro Finance 2 PLC 2.50%, 01/15/2026(a)	EUR		5,045		5,275,610
8.50%, 03/15/2029(a)			2,655		3,023,296
					8,298,906
Capital Goods – 0.1%
Odebrecht Holdco Finance Ltd. Zero Coupon, 09/10/2058(a)	U.S.$		9,813		2,453
Paprec Holding SA 7.25%, 11/17/2029(a)	EUR		3,651		4,197,924
TransDigm, Inc. 6.375%, 03/01/2029(a)	U.S.$		176		176,538
					4,376,915

abfunds.com AB GLOBAL BOND  FUND ^| 79

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Communications - Media – 0.2%
DISH DBS Corp. 5.25%, 12/01/2026(a)	U.S.$		7,940	$	6,262,168
5.75%, 12/01/2028(a)			6,707		4,611,732
					10,873,900
Communications - Telecommunications – 0.1%
Altice France SA/France 5.50%, 10/15/2029(a)			7,410		5,094,410
Consumer Cyclical - Automotive – 0.1%
ZF Finance GmbH Series E 2.00%, 05/06/2027(a)	EUR		5,300		5,320,499
Consumer Cyclical - Entertainment – 0.0%
Carnival Corp. 4.00%, 08/01/2028(a)	U.S.$		150		139,725
Consumer Cyclical - Other – 0.1%
Hilton Domestic Operating Co., Inc. 5.875%, 04/01/2029(a)			3,337		3,342,036
6.125%, 04/01/2032(a)			1,911		1,918,213
					5,260,249
Consumer Cyclical - Retailers – 0.1%
Dollarama, Inc. 2.44%, 07/09/2029	CAD		6,936		4,617,393
Consumer Non - Cyclical – 0.1%
ELO SACA Series E 2.375%, 04/25/2025(a)	EUR		200		211,607
2.875%, 01/29/2026(a)			100		104,244
Grifols SA 3.20%, 05/01/2025(a)			5,110		5,081,392
					5,397,243
Technology – 0.0%
Cedacri Mergeco SpA 8.53% (EURIBOR 3 Month + 4.63%), 05/15/2028(a)(f)			2,165		2,340,652
Transportation - Services – 0.1%
NAC Aviation 29 DAC 4.75%, 06/30/2026	U.S.$		4,623		4,345,647
					56,065,539

80 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Financial Institutions – 0.3%
Finance – 0.1%
SLM Corp. 4.20%, 10/29/2025	U.S.$		6,276	$	6,112,390
REITs – 0.2%
New Immo Holding SA 2.75%, 11/26/2026(a)	EUR		200		200,479
Via Celere Desarrollos Inmobiliarios SA 5.25%, 04/01/2026(a)			100		106,148
Vivion Investments SAR L 3.00%, 08/08/2024(a)			8,100		8,443,761
Series E 7.90%, 02/28/2029(a)(d)(i)			3,323		2,951,276
					11,701,664
					17,814,054
Utility – 0.1%
Electric – 0.1%
EDP - Energias de Portugal SA Series NC5 1.50%, 03/14/2082(a)			8,400		8,266,957
Total Corporates - Non-Investment Grade (cost $93,698,217)					82,146,550
COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.4%
Non-Agency Floating Rate CMBS – 1.0%
Ashford Hospitality Trust Series 2018-KEYS, Class A 6.50% (CME Term SOFR 1 Month + 1.17%), 06/15/2035(a)(f)	U.S.$		3,278		3,251,620
BAMLL Commercial Mortgage Securities Trust Series 2017-SCH, Class AF 6.37% (CME Term SOFR 1 Month + 1.05%), 11/15/2033(a)(f)			6,275		6,245,954
Great Wolf Trust Series 2024-WOLF, Class A 6.84% (CME Term SOFR 1 Month + 1.54%), 03/15/2039(a)(f)			16,019		16,044,030
Natixis Commercial Mortgage Securities Trust Series 2019-MILE, Class A 6.905% (CME Term SOFR 1 Month + 1.58%), 07/15/2036(a)(f)			10,690		9,873,991

abfunds.com AB GLOBAL BOND  FUND ^| 81

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Series 2022-JERI, Class A 6.73% (CME Term SOFR 1 Month + 1.40%), 01/15/2039(a)(f)	U.S.$		8,113	$	7,434,295
NRTH Mortgage Trust Series 2024-PARK, Class A 6.94% (CME Term SOFR 1 Month + 1.64%), 03/15/2041(a)(f)			14,214		14,231,794
					57,081,684
Non-Agency Fixed Rate CMBS – 0.4%
225 Liberty Street Trust Series 2016-225L, Class E 4.65%, 02/10/2036(a)			9,098		6,746,497
Commercial Mortgage Trust Series 2012-CR3, Class D 4.295%, 10/15/2045(a)			2,322		1,440,824
DTP Commercial Mortgage Trust Series 2023-STE2, Class A 5.65%, 01/15/2041(a)			1,329		1,332,256
JPMBB Commercial Mortgage Securities Trust Series 2014-C21, Class B 4.34%, 08/15/2047			6,329		6,056,061
NJ Trust Series 2023-GSP, Class A 6.48%, 01/06/2029(a)			6,238		6,517,996
					22,093,634
Total Commercial Mortgage-Backed Securities (cost $82,892,223)					79,175,318
SUPRANATIONALS – 1.3%
European Investment Bank 0.75%, 07/15/2027	AUD		15,292		8,931,159
1.80%, 01/19/2027			19,295		11,811,312
3.10%, 08/17/2026(a)			9,991		6,358,042
Inter-American Development Bank 2.50%, 04/14/2027(a)			2,505		1,555,355
Series G 7.35%, 10/06/2030	INR		1,154,000		14,083,705
International Bank for Reconstruction & Development 3.00%, 10/19/2026	AUD		6,993		4,433,095
Series E 6.75%, 07/13/2029	INR		1,049,000		12,456,753
International Finance Corp. 4.45%, 05/14/2027	AUD		18,234		11,986,155
Total Supranationals (cost $76,103,082)					71,615,576

82 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
LOCAL GOVERNMENTS - PROVINCIAL BONDS – 1.1%
Canada – 1.1%
Province of Ontario Canada 2.90%, 12/02/2046	CAD		60,112	$	35,180,316
Series E 0.375%, 04/08/2027(a)	EUR		9,347		9,319,143
Province of Quebec Canada 0.875%, 05/04/2027(a)			19,183		19,401,384
Total Local Governments - Provincial Bonds (cost $63,316,133)					63,900,843
QUASI-SOVEREIGNS – 0.9%
Quasi-Sovereign Bonds – 0.9%
Chile – 0.2%
Corp. Nacional del Cobre de Chile 3.75%, 01/15/2031(a)	U.S.$		530		471,534
5.125%, 02/02/2033(a)			3,837		3,643,951
5.95%, 01/08/2034(a)			7,501		7,510,376
6.44%, 01/26/2036(a)			230		237,517
Empresa de Transporte de Pasajeros Metro SA 3.65%, 05/07/2030(a)			370		337,470
4.70%, 05/07/2050(a)			370		304,672
					12,505,520
China – 0.0%
CNAC HK Finbridge Co., Ltd. 3.00%, 09/22/2030(a)			800		702,500
Hong Kong – 0.0%
Airport Authority 2.10%, 03/08/2026(a)(c)			250		234,970
3.50%, 01/12/2062(a)			350		257,530
					492,500
Hungary – 0.1%
Magyar Export-Import Bank Zrt 6.125%, 12/04/2027(a)			7,349		7,394,931
Indonesia – 0.1%
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT 6.53%, 11/15/2028(a)			255		264,327
Pertamina Persero PT 1.40%, 02/09/2026(a)			480		444,788
2.30%, 02/09/2031(a)			280		231,381
4.15%, 02/25/2060(a)			410		311,728

abfunds.com AB GLOBAL BOND  FUND ^| 83

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 4.125%, 05/15/2027(a)	U.S.$		460	$	441,926
					1,694,150
Kazakhstan – 0.0%
Fund of National Welfare Samruk-Kazyna JSC 2.00%, 10/28/2026(a)			473		434,125
Malaysia – 0.0%
Petronas Capital Ltd. 2.48%, 01/28/2032(a)			1,000		835,440
Mexico – 0.3%
Comision Federal de Electricidad 3.35%, 02/09/2031(a)			7,524		6,261,379
3.875%, 07/26/2033(a)			2,171		1,764,616
4.68%, 02/09/2051(a)			220		155,265
4.69%, 05/15/2029(a)			240		225,450
5.00%, 09/29/2036(a)			3,248		2,864,708
Petroleos Mexicanos 6.50%, 03/13/2027			3,505		3,294,735
6.70%, 02/16/2032			3,774		3,141,855
					17,708,008
Panama – 0.0%
Aeropuerto Internacional de Tocumen SA 4.00%, 08/11/2041(a)			230		169,230
Banco Nacional de Panama 2.50%, 08/11/2030(a)			580		450,225
					619,455
Poland – 0.0%
Bank Gospodarstwa Krajowego 5.375%, 05/22/2033(a)			265		263,675
6.25%, 10/31/2028(a)			227		236,943
					500,618
Qatar – 0.0%
QatarEnergy 2.25%, 07/12/2031(a)			540		452,588
3.30%, 07/12/2051(a)			500		353,125
					805,713
Saudi Arabia – 0.0%
Gaci First Investment Co. 5.00%, 10/13/2027(a)			430		428,354
5.125%, 02/14/2053(a)			415		359,773
					788,127

84 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
South Africa – 0.1%
Transnet SOC Ltd. 8.25%, 02/06/2028(a)	U.S.$		5,065	$	5,044,423
United Arab Emirates – 0.1%
Abu Dhabi Crude Oil Pipeline LLC 3.65%, 11/02/2029(a)			270		253,209
4.60%, 11/02/2047(a)			250		224,375
Abu Dhabi Ports Co. PJSC Series E 2.50%, 05/06/2031(a)			500		422,031
DP World Ltd./United Arab Emirates 6.85%, 07/02/2037(a)			430		469,372
MDGH GMTN RSC Ltd. 3.70%, 11/07/2049(a)			520		393,738
Series G 2.50%, 06/03/2031(a)			690		591,244
					2,353,969
Total Quasi-Sovereigns (cost $54,505,695)					51,879,479
EMERGING MARKETS - CORPORATE BONDS – 0.5%
Industrial – 0.4%
Basic – 0.3%
Braskem Idesa SAPI 6.99%, 02/20/2032(a)			4,523		3,489,946
Braskem Netherlands Finance BV 4.50%, 01/10/2028(a)			8,736		7,808,499
JSW Steel Ltd. 3.95%, 04/05/2027(a)			846		786,780
Periama Holdings LLC/DE 5.95%, 04/19/2026(a)			1,387		1,370,096
UPL Corp., Ltd. 4.50%, 03/08/2028(a)			240		205,275
4.625%, 06/16/2030(a)			380		303,169
					13,963,765
Communications - Media – 0.0%
Globo Comunicacao e Participacoes SA 4.875%, 01/22/2030(a)			879		766,928
Consumer Cyclical - Retailers – 0.0%
Falabella SA 3.75%, 10/30/2027(a)			1,179		1,076,798
Consumer Non-Cyclical – 0.0%
BRF GmbH 4.35%, 09/29/2026(a)			1,475		1,408,360
Virgolino de Oliveira Finance SA 10.50%, 01/28/2018(e)(g)(j)(k)(l)			4,300		430
					1,408,790

abfunds.com AB GLOBAL BOND  FUND ^| 85

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Energy – 0.1%
Acu Petroleo Luxembourg SARL 7.50%, 01/13/2032(a)	U.S.$		3,348	$	3,251,271
Greenko Dutch BV 3.85%, 03/29/2026(a)			370		347,341
Greenko Solar Mauritius Ltd. 5.95%, 07/29/2026(a)			215		209,109
Leviathan Bond Ltd. 6.125%, 06/30/2025(a)			3,835		3,760,936
					7,568,657
					24,784,938
Utility – 0.1%
Electric – 0.1%
Adani Green Energy Ltd. 4.375%, 09/08/2024(a)			3,315		3,278,071
Diamond II Ltd. 7.95%, 07/28/2026(a)			2,135		2,169,991
					5,448,062
Financial Institutions – 0.0%
Other Finance – 0.0%
OEC Finance Ltd. 4.375%, 10/25/2029(a)(d)(i)			5,472		317,159
5.25%, 12/27/2033(a)(d)(i)			1,813		101,039
7.125%, 12/26/2046(a)(d)(e)(i)			2,672		160,315
					578,513
Total Emerging Markets - Corporate Bonds (cost $44,633,626)					30,811,513
LOCAL GOVERNMENTS - US MUNICIPAL BONDS – 0.5%
United States – 0.5%
California Earthquake Authority Series 2022-A 5.60%, 07/01/2027			4,745		4,781,423
Commonwealth Financing Authority Series 2016-A 4.14%, 06/01/2038			2,640		2,471,001
New Jersey Economic Development Authority Series 1997-A 7.425% (NATL + 0.00%), 02/15/2029			5,982		6,411,777

86 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
New Jersey Transportation Trust Fund Authority Series 2010-C 5.75%, 12/15/2028	U.S.$		4,740	$	4,781,789
State Board of Administration Finance Corp. Series 2020-A 2.15%, 07/01/2030			7,016		5,992,995
State of Hawaii Series 2023-G 5.25%, 10/01/2029			1,640		1,707,484
5.42%, 10/01/2042			3,350		3,441,763
Total Local Governments - US Municipal Bonds (cost $29,306,899)					29,588,232
		Shares
COMMON STOCKS – 0.1%
Financials – 0.1%
Banks – 0.1%
Nordic Aviation Capital DAC(e)(j)(l)			81,699		1,593,131
Nordic Aviation Capital DAC (Restrictive Legend)(e)(j)(l)			4,956		96,642
					1,689,773
Insurance – 0.0%
Mt. Logan Re, Ltd. (Preference Shares)(e)(j)(l)			2,703		778,048
					2,467,821
Energy – 0.0%
Oil, Gas & Consumable Fuels – 0.0%
Golden Energy Offshore Services AS(l)			3,089,816		469,598
SandRidge Energy, Inc.			4,459		64,968
					534,566
Total Common Stocks (cost $9,117,996)					3,002,387
		Principal Amount (000)
LOCAL GOVERNMENTS –CANADIAN MUNICIPAL BONDS –0.0%
Canada – 0.0%
City of Calgary Canada 4.20%, 06/01/2034 (cost $2,561,858)	U.S.$		3,456		2,539,464

abfunds.com AB GLOBAL BOND  FUND ^| 87

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)			U.S. $ Value
BANK LOANS – 0.0%
Industrial – 0.0%
Consumer Cyclical - Restaurants – 0.0%
IRB Holding Corp. 8.18% (CME Term SOFR 1 Month + 2.75%), 12/15/2027(m) (cost $1,088,241)	U.S.$		1,089		$	1,088,677
EMERGING MARKETS - TREASURIES – 0.0%
South Africa – 0.0%
Republic of South Africa Government Bond Series 2030 8.00%, 01/31/2030 (cost $1)	ZAR		0	**		1
SHORT-TERM INVESTMENTS – 5.7%
Treasury Bills – 3.7%
Japan – 2.5%
Japan Treasury Discount Bill Series 1209 Zero Coupon, 05/07/2024	JPY		5,565,400			36,770,983
Series 1221 Zero Coupon, 07/01/2024			16,487,700			108,931,014
						145,701,997
United States – 1.2%
U.S. Treasury Bill Zero Coupon, 07/23/2024	U.S.$		68,355,000			67,236,076
Total Treasury Bills (cost $212,895,123)						212,938,073
		Shares
Investment Companies – 1.9%
AB Fixed Income Shares, Inc. –Government Money Market Portfolio –Class AB, 5.21%(n)(o)(p) (cost $107,514,768)			107,514,768			107,514,768
		Principal Amount (000)
Time Deposits – 0.1%
BBH, New York 3.62%, 04/02/2024	NZD		0	**		1
3.79%, 04/01/2024	CAD		200			147,442

88 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

		Principal Amount (000)		U.S. $ Value
Citibank, London 2.85%, 04/02/2024	EUR		1,621	$	1,748,392
Royal Bank of Canada, London 4.15%, 04/02/2024	GBP		18		22,627
JPMorgan Chase, New York 4.68%, 04/01/2024	U.S.$		3,869		3,869,483
Total Time Deposits (cost $5,787,945)					5,787,945
Total Short-Term Investments (cost $326,197,836)					326,240,786
Total Investments – 110.8% (cost $6,577,167,786)					6,368,471,042	(q)
Other assets less liabilities – (10.8)%					(621,239,228	)
Net Assets – 100.0%				$	5,747,231,814

FUTURES (see Note D)

Description	Number of Contracts		Expiration Month		Current Notional		Value and Unrealized Appreciation (Depreciation)
Purchased Contracts
Australian 3 Yr Bond Futures		9		June 2024	$	627,035	$	(341	)
Canadian 5 Yr Bond Futures		377		June 2024		31,024,466		106,670
Canadian 10 Yr Bond Futures		2		June 2024		177,683		1,152
Euro Buxl 30 Yr Bond Futures		2		June 2024		293,016		302
Euro-BOBL Futures		480		June 2024		61,235,525		243,389
Euro-Bund Futures		2,352		June 2024		338,445,768		519,941
Euro-Schatz Futures		3		June 2024		342,103		32
U.S. Long Bond (CBT) Futures		30		June 2024		3,613,125		55,312
U.S. T-Note 5 Yr (CBT) Futures		4,507		June 2024		482,319,422		285,766
U.S. T-Note 10 Yr (CBT) Futures		16		June 2024		1,772,750		6,000
U.S. Ultra Bond (CBT) Futures		140		June 2024		18,060,000		93,039
Sold Contracts
Australian 10 Yr Bond Futures		159		June 2024		12,078,693		12,867
Canadian 10 Yr Bond Futures		153		June 2024		13,592,721		(88,103	)
Euro Buxl 30 Yr Bond Futures		194		June 2024		28,422,518		(46,045	)
Euro-BOBL Futures		28		June 2024		3,572,072		(13,291	)
Euro-OAT Futures		399		June 2024		55,172,205		102,707
Euro-Schatz Futures		358		June 2024		40,824,331		(3,862	)
Japan 10 Yr Bond (OSE) Futures		137		June 2024		132,022,460		(133,489	)
U.S. 10 Yr Ultra Futures		472		June 2024		54,095,625		(60,047	)
U.S. Long Bond (CBT) Futures		201		June 2024		24,207,937		(386,320	)
U.S. T-Note 2 Yr (CBT) Futures		161		June 2024		32,921,985		21,445
							$	717,124

abfunds.com AB GLOBAL BOND  FUND ^| 89

PORTFOLIO OF INVESTMENTS (continued)

FORWARD CURRENCY EXCHANGE CONTRACTS (see Note D)

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation (Depreciation)
Australia and New Zealand Banking Group Ltd.	USD	14,641	AUD	22,459		04/04/2024	$	(4,049	)
Bank of America NA	KRW	537,041,603	USD	410,204		04/18/2024		11,977,494
Bank of America NA	USD	176,042	KRW	235,417,750		04/18/2024		(1,475,596	)
Bank of America NA	USD	23,960	HUF	8,642,469		04/19/2024		(311,609	)
Bank of America NA	JPY	42,342,031	USD	286,593		05/16/2024		4,945,175
Bank of America NA	PEN	23,627	USD	6,407		05/16/2024		60,668
Bank of America NA	USD	28,640	TWD	895,761		05/24/2024		(600,492	)
Barclays Bank PLC	MXN	496,158	USD	29,289		04/04/2024		(546,584	)
Barclays Bank PLC	USD	166,710	CAD	226,450		04/05/2024		474,239
Barclays Bank PLC	USD	29,028	KRW	38,498,254		04/18/2024		(480,969	)
Barclays Bank PLC	USD	28,426	CZK	664,049		04/19/2024		(117,093	)
Barclays Bank PLC	USD	29,064	IDR	455,331,000		04/25/2024		(396,386	)
BNP Paribas	CZK	664,288	USD	28,306		04/19/2024		(13,082	)
Brown Brothers Harriman & Co.	EUR	12,392	USD	13,383		04/04/2024		13,349
Brown Brothers Harriman & Co.	USD	10,135	EUR	9,367		04/04/2024		(29,320	)
Brown Brothers Harriman & Co.	AUD	285	USD	188		04/18/2024		1,753
Brown Brothers Harriman & Co.	GBP	221	USD	282		04/19/2024		2,260
Brown Brothers Harriman & Co.	USD	473	GBP	374		04/19/2024		(1,506	)
Brown Brothers Harriman & Co.	EUR	413	USD	453		06/12/2024		6,470
Brown Brothers Harriman & Co.	USD	1,423	EUR	1,304		06/12/2024		(12,363	)
Citibank NA	CNH	721,100	USD	100,129		04/08/2024		832,406
Citibank NA	KRW	39,911,737	USD	29,889		04/18/2024		293,993
Citibank NA	HUF	10,168,587	USD	27,887		04/19/2024		63,036
Citibank NA	IDR	457,562,000	USD	29,079		04/25/2024		271,438
Citibank NA	CAD	831,037	USD	617,190		06/13/2024		3,028,563
Deutsche Bank AG	SEK	265,695	USD	25,433		04/04/2024		609,050
Deutsche Bank AG	USD	12,849	EUR	11,822		04/04/2024		(94,326	)
Deutsche Bank AG	JPY	11,300,317	USD	75,242		04/05/2024		559,200
Deutsche Bank AG	EUR	12,179	USD	13,307		04/11/2024		162,909
Deutsche Bank AG	EUR	12,179	USD	13,323		05/10/2024		163,248
Deutsche Bank AG	EUR	765,314	USD	838,340		06/12/2024		10,288,421
Goldman Sachs Bank USA	USD	13	INR	1,088		06/14/2024		(107	)
HSBC Bank USA	JPY	16,454,715	USD	108,859		04/05/2024		111,321
HSBC Bank USA	CNH	78,414	USD	10,819		04/08/2024		21,673
HSBC Bank USA	USD	29,630	KRW	39,381,799		04/18/2024		(427,441	)
HSBC Bank USA	CNH	2,305,641	USD	321,138		05/23/2024		2,980,784
HSBC Bank USA	TWD	888,136	USD	28,583		05/24/2024		782,209
JPMorgan Chase Bank NA	USD	4,013	HUF	1,446,371		04/19/2024		(55,631	)
Morgan Stanley Capital Services LLC	EUR	423,505	USD	459,941		04/04/2024		3,007,011
Morgan Stanley Capital Services LLC	AUD	222,635	USD	144,746		04/18/2024		(400,238	)
Morgan Stanley Capital Services LLC	GBP	3,816	USD	4,842		04/19/2024		25,021

90 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Morgan Stanley Capital Services LLC		COP	125,027,000		USD	31,725		05/16/2024	$	(376,335	)
Morgan Stanley Capital Services LLC		USD	67,661		CAD	91,815		06/13/2024		192,504
NatWest Markets PLC		GBP	205,000		USD	260,391		04/19/2024		1,626,251
Societe Generale		GBP	87,133		USD	110,667		04/04/2024		691,043
Standard Chartered Bank		USD	121,844		KRW	161,333,385		04/18/2024		(2,212,044	)
Standard Chartered Bank		IDR	528,552,000		USD	33,856		04/25/2024		578,199
UBS AG		JPY	5,565,817		USD	36,768		04/05/2024		(15,760	)
									$	36,198,757

CENTRALLY CLEARED CREDIT DEFAULT SWAPS (see Note D)

Description	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at March 31, 2024			Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
Buy Contracts
iTraxx Australia Series 41, 5 Year Index, 06/20/2029*		1.00	%		Quarterly		0.65	%		USD	83,510	$	(1,385,071	)	$	(1,355,558	)	$	(29,513	)
Sale Contracts
CDX-NAIG Series 42, 5 Year Index, 06/20/2029*		1.00	%		Quarterly		0.51	%		USD	83,510	$	1,909,098		$	1,835,457		$	73,641
CDX-NAIG Series 42, 5 Year Index, 06/20/2029*		1.00			Quarterly		0.51			USD	2,760		63,325			60,662			2,663
												$	587,352		$	540,561		$	46,791

* Termination date

CREDIT DEFAULT SWAPS (see Note D)

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at March 31, 2024			Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
Sale Contracts
Credit Suisse International
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00	%		Monthly		7.50	%		USD	2,916	$	(368,959	)	$	(376,864	)	$	7,905
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50			USD	2,243		(283,815	)		(290,235	)		6,420
Goldman Sachs International
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50			USD	4,487		(568,378	)		(310,447	)		(257,931	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50			USD	961		(121,803	)		(68,717	)		(53,086	)
												$	(1,342,955	)	$	(1,046,263	)	$	(296,692	)

* Termination date

abfunds.com AB GLOBAL BOND  FUND ^| 91

PORTFOLIO OF INVESTMENTS (continued)

REVERSE REPURCHASE AGREEMENTS (see Note D)

Broker	Currency	Principal Amount (000)		Interest Rate			Maturity		U.S. $ Value at March 31, 2024
Standard Chartered Bank†	USD		2,783		5.00	%		—	$	2,784,948

^†  The reverse repurchase agreement matures on demand. Interest rate resets daily and the rate shown is the rate in effect on March 31, 2024.

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

Overnight and Continuous

Up to 30 Days

31-90 Days

Greater than 90 Days

Total

Governments – Sovereign Bonds

$

2,784,948

$

– 0

–

$

– 0

–

$

– 0

–

$

2,784,948

** Principal amount less than 500.

(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 March 31, 2024, the aggregate market value of these securities amounted to $2,482,150,109 or 43.19% of net assets.

(b) Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding.

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

(d) Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at March 31, 2024.

(e) Fair valued by the Adviser.

(f) Floating Rate Security. Stated interest/floor/ceiling rate was in effect at March 31, 2024.

(g) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.00% of net assets as of March 31, 2024, are considered illiquid and restricted. Additional information regarding such securities follows:

144A/Restricted & Illiquid Securities	Acquisition Date		Cost		Market Value		Percentage of Net Assets
Chile Electricity PEC SpA Zero Coupon, 01/25/2028		10/06/2021	$	189,910	$	161,839		0.00	%
Virgolino de Oliveira Finance SA 10.50%, 01/28/2018		06/13/2013 – 09/23/2014		3,886,876		430		0.00	%

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

(i) 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 March 31, 2024.

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

(k) Defaulted matured security.

(l) Non-income producing security.

(m) 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 March 31, 2024.

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

(o) To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618.

92 ^| AB GLOBAL BOND FUND abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

(p) Affiliated investments.

(q) On March 29, 2024, the Fund and U.S. stock exchanges were closed for business due to a U.S. holiday but the foreign markets remained open for trading. The Fund valued its foreign securities using the closing market prices from the respective foreign markets as of March 28, 2024 for financial reporting purposes.

Currency Abbreviations:   AUD – Australian Dollar CAD – Canadian Dollar CNH – Chinese Yuan Renminbi (Offshore) CNY – Chinese Yuan Renminbi COP – Colombian Peso CZK – Czech Koruna EUR – Euro GBP – Great British Pound HUF – Hungarian Forint IDR – Indonesian Rupiah INR – Indian Rupee JPY – Japanese Yen KRW – South Korean Won MXN – Mexican Peso NZD – New Zealand Dollar PEN – Peruvian Sol SEK – Swedish Krona TWD – New Taiwan Dollar USD – United States Dollar ZAR – South African Rand

Glossary:

ABS – Asset-Backed Securities

BOBL – Bundesobligationen

CBT – Chicago Board of Trade

CDX-CMBX.NA. – North American Commercial Mortgage-Backed Index

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

CLO – Collateralized Loan Obligations

CMBS – Commercial Mortgage-Backed Securities

CME – Chicago Mercantile Exchange

EURIBOR – Euro Interbank Offered Rate

GDR – Global Depositary Receipt

GMTN – Global Medium Term Note

JSC – Joint Stock Company

NATL – National Interstate Corporation

OAT – Obligations Assimilables du Trésor

OSE – Osaka Securities Exchange

PJSC – Public Joint Stock Company

REIT – Real Estate Investment Trust

SOFR – Secured Overnight Financing Rate

TBA – To Be Announced

See notes to financial statements.

abfunds.com AB GLOBAL BOND  FUND ^| 93

STATEMENT OF ASSETS & LIABILITIES

March 31, 2024 (unaudited)

Assets
Investments in securities, at value
Unaffiliated issuers (cost $6,469,653,018)	$	6,260,956,274
Affiliated issuers (cost $107,514,768)		107,514,768
Cash collateral due from broker		16,251,368
Foreign currencies, at value (cost $867,958)		865,313
Receivable for investment securities sold and foreign currency transactions		217,808,397
Unaffiliated dividends and interest receivable		48,988,005
Unrealized appreciation on forward currency exchange contracts		43,769,688
Receivable for capital stock sold		6,453,054
Receivable for unsettled reverse repurchase agreements		2,783,015
Affiliated dividends receivable		397,209
Receivable for variation margin on centrally cleared swaps		50,647
Receivable from Adviser		11,765
Total assets		6,705,849,503
Liabilities
Due to Custodian		9,326
Payable for investment securities purchased		922,487,201
Payable for capital stock redeemed		14,703,943
Unrealized depreciation on forward currency exchange contracts		7,570,931
Dividends payable		2,835,169
Payable for reverse repurchase agreements		2,784,948
Advisory fee payable		2,253,274
Payable for variation margin on futures		1,502,182
Market value of credit default swaps (net premiums received $1,046,263)		1,342,955
Cash collateral due to broker		1,210,000
Payable for capital gains taxes		567,362
Transfer Agent fee payable		194,652
Distribution fee payable		94,532
Administrative fee payable		24,344
Directors’ fee payable		264
Accrued expenses		1,036,606
Total liabilities		958,617,689
Net Assets	$	5,747,231,814
Composition of Net Assets
Capital stock, at par	$	833,247
Additional paid-in capital		6,883,762,992
Accumulated loss		(1,137,364,425	)
	$	5,747,231,814

See notes to financial statements.

94 ^| AB GLOBAL BOND FUND abfunds.com

STATEMENT OF ASSETS & LIABILITIES (continued)

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

Class	Net Assets		Shares Outstanding		Net Asset Value
A	$	328,566,128		47,597,057	$	6.90	*
C	$	11,414,010		1,647,962	$	6.93
Advisor	$	3,902,841,229		565,921,766	$	6.90
R	$	27,972,130		4,060,088	$	6.89
K	$	7,768,871		1,126,834	$	6.89
I	$	689,015,211		99,891,915	$	6.90
Z	$	779,654,235		113,001,771	$	6.90

* The maximum offering price per share for Class A shares was $7.21, which reflects a sales charge of 4.25%.

See notes to financial statements.

abfunds.com AB GLOBAL BOND  FUND ^| 95

STATEMENT OF OPERATIONS

Six Months Ended March 31, 2024 (unaudited)

Investment Income
Interest (net of foreign taxes withheld of $178,039)	$	110,120,324
Dividends
Affiliated issuers		1,613,562
Unaffiliated issuers		789,926
Other income		55,167		$	112,578,979
Expenses
Advisory fee (see Note B)		12,963,812
Transfer agency—Class A		96,742
Transfer agency—Class C		3,821
Transfer agency—Advisor Class		1,083,008
Transfer agency—Class R		40,889
Transfer agency—Class K		7,894
Transfer agency—Class I		241,691
Transfer agency—Class Z		89,798
Distribution fee—Class A		414,983
Distribution fee—Class C		62,356
Distribution fee—Class R		78,972
Distribution fee—Class K		9,868
Custody and accounting		332,507
Registration fees		110,573
Printing		87,725
Audit and tax		65,294
Administrative		53,821
Directors’ fees		43,089
Legal		42,209
Miscellaneous		73,503
Total expenses before interest expense		15,902,555
Interest expense		9,997
Total expenses		15,912,552
Less: expenses waived and reimbursed by the Adviser (see Note B)		(71,651	)
Net expenses					15,840,901
Net investment income					96,738,078

See notes to financial statements.

96 ^| AB GLOBAL BOND FUND abfunds.com

STATEMENT OF OPERATIONS (continued)

Realized and Unrealized Gain (Loss) on Investment and Foreign Currency Transactions
Net realized gain (loss) on:
Investment transactions(a)	$	(36,132,975	)
Forward currency exchange contracts		(60,431,466	)
Futures		4,326,115
Swaps		(7,216,558	)
Foreign currency transactions		58,474,084
Net change in unrealized appreciation (depreciation) on:
Investments(b)		316,533,164
Forward currency exchange contracts		(18,108,963	)
Futures		5,604,586
Swaps		10,291,507
Foreign currency denominated assets and liabilities		694,076
Net gain on investment and foreign currency transactions		274,033,570
Contributions from Affiliates (see Note B)		317
Net Increase in Net Assets from Operations	$	370,771,965

(a) Net of foreign realized capital gains taxes of $130,242.

(b) Net of decrease in accrued foreign capital gains taxes on unrealized gains of $21,268.

See notes to financial statements.

abfunds.com AB GLOBAL BOND  FUND ^| 97

STATEMENT OF CHANGES IN NET ASSETS

	Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30, 2023
Increase (Decrease) in Net Assets from Operations
Net investment income	$	96,738,078		$	180,012,299
Net realized loss on investment and foreign currency transactions		(40,980,800	)		(586,223,440	)
Net change in unrealized appreciation on investments and foreign currency denominated assets and liabilities		315,014,370			476,296,037
Contributions from Affiliates (see Note B)		317			4,238
Net increase in net assets from operations		370,771,965			70,089,134
Distributions to Shareholders
Class A		(5,464,410	)		(31,048,451	)
Class C		(157,553	)		(1,479,477	)
Advisor Class		(65,599,429	)		(284,552,068	)
Class R		(448,330	)		(2,714,762	)
Class K		(124,567	)		(676,437	)
Class I		(12,002,286	)		(60,631,879	)
Class Z		(13,964,764	)		(64,290,456	)
Return of Capital
Class A		– 0	–		(2,887,617	)
Class C		– 0	–		(137,597	)
Advisor Class		– 0	–		(26,464,357	)
Class R		– 0	–		(252,482	)
Class K		– 0	–		(62,911	)
Class I		– 0	–		(5,638,981	)
Class Z		– 0	–		(5,979,242	)
Capital Stock Transactions
Net increase		53,624,846			437,645,834
Total increase		326,635,472			20,918,251
Net Assets
Beginning of period		5,420,596,342			5,399,678,091
End of period	$	5,747,231,814		$	5,420,596,342

See notes to financial statements.

98 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS

March 31, 2024 (unaudited)

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 R, Class K, Class I and Class Z shares. Class B and Class T shares have been authorized but currently are not offered. At a meeting held on October 31-November 2, 2023, the Fund’s Board of Directors (the “Board”) approved the discontinuance of the offering of Class K and Class R shares of the Fund to new investors and the liquidation of the assets corresponding to such classes. 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. Class R and Class K shares are sold without an initial or contingent deferred sales charge. 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 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

abfunds.com AB GLOBAL BOND  FUND ^| 99

NOTES TO FINANCIAL STATEMENTS (continued)

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 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

100 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

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 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,

abfunds.com AB GLOBAL BOND  FUND ^| 101

NOTES TO FINANCIAL STATEMENTS (continued)

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 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

102 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

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.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of March 31, 2024:

Investments in Securities

Level 1

Level 2

Level 3

Total

Assets:

Governments – Treasuries

$

– 0

–

$

2,273,950,714

$

– 0

–

$

2,273,950,714

Corporates – Investment Grade

– 0

–

1,533,614,624

– 0

–

1,533,614,624

Mortgage Pass-Throughs

– 0

–

781,478,192

– 0

–

781,478,192

Covered Bonds

– 0

–

270,549,148

– 0

–

270,549,148

Collateralized Mortgage Obligations

– 0

–

156,254,349

– 0

–

156,254,349

Collateralized Loan Obligations

– 0

–

153,806,103

– 0

–

153,806,103

Inflation-Linked Securities

– 0

–

102,728,567

– 0

–

102,728,567

Local Governments – Regional Bonds

– 0

–

93,430,506

– 0

–

93,430,506

Asset-Backed Securities

– 0

–

87,189,931

– 0

–

87,189,931

Governments – Sovereign Agencies

– 0

–

86,749,993

– 0

–

86,749,993

Governments – Sovereign Bonds

– 0

–

86,730,089

– 0

–

86,730,089

Corporates – Non-Investment Grade

– 0

–

82,146,550

– 0

–

82,146,550

Commercial Mortgage-Backed Securities

– 0

–

79,175,318

– 0

–

79,175,318

Supranationals

– 0

–

71,615,576

– 0

–

71,615,576

Local Governments – Provincial Bonds

– 0

–

63,900,843

– 0

–

63,900,843

Quasi-Sovereigns

– 0

–

51,879,479

– 0

–

51,879,479

Emerging Markets – Corporate Bonds

– 0

–

30,811,083

430

30,811,513

Local Governments – US Municipal Bonds

– 0

–

29,588,232

– 0

–

29,588,232

Common Stocks

534,566

– 0

–

2,467,821

3,002,387

Local Governments – Canadian Municipal Bonds

– 0

–

2,539,464

– 0

–

2,539,464

Bank Loans

– 0

–

1,088,677

– 0

–

1,088,677

Emerging Markets – Treasuries

– 0

–

1

– 0

–

1

Short-Term Investments:

Treasury Bills

– 0

–

212,938,073

– 0

–

212,938,073

Investment Companies

107,514,768

– 0

–

– 0

–

107,514,768

Time Deposits

5,787,945

– 0

–

– 0

–

5,787,945

Total Investments in Securities

113,837,279

6,252,165,512

2,468,251

6,368,471,042

Other Financial Instruments*:

Assets

Futures

1,448,622

– 0

–

– 0

–

1,448,622

†

Forward Currency Exchange Contracts

– 0

–

43,769,688

– 0

–

43,769,688

abfunds.com AB GLOBAL BOND  FUND ^| 103

NOTES TO FINANCIAL STATEMENTS (continued)

Investments in Securities	Level 1			Level 2			Level 3			Total
Centrally Cleared Credit Default Swaps	$	– 0	–	$	1,972,423		$	– 0	–	$	1,972,423	†
Liabilities
Futures		(731,498	)		– 0	–		– 0	–		(731,498	)†
Forward Currency Exchange Contracts		– 0	–		(7,570,931	)		– 0	–		(7,570,931	)
Centrally Cleared Credit Default Swaps		– 0	–		(1,385,071	)		– 0	–		(1,385,071	)†
Credit Default Swaps		– 0	–		(1,342,955	)		– 0	–		(1,342,955	)
Reverse Repurchase Agreements		(2,784,948	)		– 0	–		– 0	–		(2,784,948	)
Total	$	111,769,455		$	6,287,608,666		$	2,468,251		$	6,401,846,372

* Other financial instruments include reverse repurchase agreements and derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.

† 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.

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.

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

104 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

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 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.

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.

abfunds.com AB GLOBAL BOND  FUND ^| 105

NOTES TO FINANCIAL STATEMENTS (continued)

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 six months ended March 31, 2024, the reimbursement for such services amounted to $53,821.

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 $520,818 for the six months ended March 31, 2024.

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 $445 from the sale of Class A shares and received $835 and $1,478 in contingent deferred sales charges imposed upon redemptions by shareholders of Class A and Class C shares, respectively, for the six months ended March 31, 2024.

The Fund may invest in AB Government Money Market Portfolio (the “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 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 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 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 Government Money Market Portfolio, as borne indirectly by the Fund as an acquired fund fee and expense. For the six months ended March 31, 2024, such waiver amounted to $71,651.

106 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

A summary of the Fund’s transactions in AB mutual funds for the six months ended March 31, 2024 is as follows:

Fund	Market Value 9/30/23 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 3/31/24 (000)		Dividend Income (000)
Government Money Market Portfolio	$	73,931	$	1,157,347	$	1,123,763	$	107,515	$	1,614

During the six months ended March 31, 2024 and the year ended September 30, 2023, the Adviser reimbursed the Fund $317 and $4,238, respectively, 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, 1% of the Fund’s average daily net assets attributable to Class C shares, .50% of the Fund’s average daily net assets attributable to Class R shares and .25% of the Fund’s average daily net assets attributable to Class K 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 amounts of $15,558,236, $1,487,527 and $326,288 for Class C, Class R and Class K shares, respectively. While such costs may be recovered from the Fund in future periods so long as the Agreement is in effect, 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.

abfunds.com AB GLOBAL BOND  FUND ^| 107

NOTES TO FINANCIAL STATEMENTS (continued)

NOTE D

Investment Transactions

Purchases and sales of investment securities (excluding short-term investments) for the six months ended March 31, 2024, were as follows:

	Purchases		Sales
Investment securities (excluding U.S. government securities)	$	2,906,622,977	$	2,776,075,777
U.S. government securities		6,265,200,005		6,197,465,872

The cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes. Accordingly, gross unrealized appreciation and unrealized depreciation are as follows:

Gross unrealized appreciation	$	112,735,283
Gross unrealized depreciation		(284,766,047	)
Net unrealized depreciation	$	(172,030,764	)

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 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.

108 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

During the six months ended March 31, 2024, 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.

During the six months ended March 31, 2024, the Fund held futures for hedging and non-hedging purposes.

abfunds.com AB GLOBAL BOND  FUND ^| 109

NOTES TO FINANCIAL STATEMENTS (continued)

• Swaps

The Fund may enter into swaps to hedge its exposure to interest rates, credit risk or currencies. 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 or rates for a specified amount of an underlying asset. 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 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 (or soon will be) subject to mandatory central clearing. Cleared swaps are transacted through futures commission merchants (“FCMs”) that are members of central clearinghouses, with

110 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

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

abfunds.com AB GLOBAL BOND  FUND ^| 111

NOTES TO FINANCIAL STATEMENTS (continued)

out, with the Fund receiving or paying, as the case may be, only the net amount of the two payments).

During the six months ended March 31, 2024, 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

112 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

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 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 six months ended March 31, 2024, 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.

abfunds.com AB GLOBAL BOND  FUND ^| 113

NOTES TO FINANCIAL STATEMENTS (continued)

During the six months ended March 31, 2024, the Fund had entered into the following derivatives:

	Asset Derivatives				Liability Derivatives
Derivative Type	Statement of Assets and Liabilities Location	Fair Value			Statement of Assets and Liabilities Location		Fair Value
Interest rate contracts	Receivable for variation margin on futures	$	1,448,622	*		Payable for variation margin on futures	$	731,498	*
Foreign currency contracts	Unrealized appreciation on forward currency exchange contracts		43,769,688			Unrealized depreciation on forward currency exchange contracts		7,570,931
Credit contracts						Market value of credit default swaps		1,342,955
Credit contracts	Receivable for variation margin on centrally cleared swaps		76,304	*		Payable for variation margin on centrally cleared swaps		29,513	*
Total		$	45,294,614				$	9,674,897

* 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 Gain or (Loss) on Derivatives Within Statement of Operations	Realized Gain or (Loss) on Derivatives			Change in Unrealized Appreciation or (Depreciation)
Interest rate contracts	Net realized gain/(loss) on swaps; Net change in unrealized appreciation (depreciation) on swaps	$	(7,684,971	)	$	10,068,960
Interest rate contracts	Net realized gain/(loss) on futures; Net change in unrealized appreciation (depreciation) on futures		4,326,115			5,604,586

114 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

Derivative Type	Location of Gain or (Loss) on Derivatives Within Statement of Operations	Realized Gain or (Loss) on Derivatives			Change in Unrealized Appreciation or (Depreciation)
Foreign currency contracts	Net realized gain (loss) on forward currency exchange contracts; Net change in unrealized appreciation (depreciation) on forward currency exchange contracts	$	(60,431,466	)	$	(18,108,963	)
Credit contracts	Net realized gain/(loss) on swaps; Net change in unrealized appreciation (depreciation) on swaps		468,413			222,547
Total		$	(63,321,909	)	$	(2,212,870	)

The following table represents the average monthly volume of the Fund’s derivative transactions during the six months ended March 31, 2024:

Centrally Cleared Credit Default Swaps:
Average notional amount of buy contracts	$	83,510,000
Average notional amount of sale contracts	$	87,668,571
Centrally Cleared Interest Rate Swaps:
Average notional amount	$	646,472,960	(a)
Credit Default Swaps:
Average notional amount of sale contracts	$	11,136,350
Forward Currency Exchange Contracts:
Average principal amount of buy contracts	$	414,141,322
Average principal amount of sale contracts	$	3,679,448,701
Futures:
Average notional amount of buy contracts	$	1,107,581,076
Average notional amount of sale contracts	$	554,330,613

(a) Positions were open for five 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 March 31, 2024. Exchange-traded derivatives

abfunds.com AB GLOBAL BOND  FUND ^| 115

NOTES TO FINANCIAL STATEMENTS (continued)

and centrally cleared swaps are not subject to netting arrangements and as such are excluded from the tables.

Counterparty	Derivative Assets Subject to a MA		Derivatives Available for Offset			Cash Collateral Received*			Security Collateral Received*			Net Amount of Derivative Assets
Bank of America NA	$	16,983,337	$	(2,387,697	)	$	– 0	–	$	(10,365,932	)	$	4,229,708
Barclays Bank PLC		474,239		(474,239	)		– 0	–		– 0	–		– 0	–
Brown Brothers Harriman & Co.		23,832		(23,832	)		– 0	–		– 0	–		– 0	–
Citibank NA		4,489,436		– 0	–		(610,000	)		– 0	–		3,879,436
Deutsche Bank AG		11,782,828		(94,326	)		– 0	–		– 0	–		11,688,502
HSBC Bank USA		3,895,987		(427,441	)		(600,000	)		– 0	–		2,868,546
Morgan Stanley Capital Services LLC		3,224,536		(776,573	)		– 0	–		– 0	–		2,447,963
Natwest Markets PLC		1,626,251		– 0	–		– 0	–		– 0	–		1,626,251
Societe Generale		691,043		– 0	–		– 0	–		– 0	–		691,043
Standard Chartered Bank		578,199		(578,199	)		– 0	–		– 0	–		– 0	–
Total	$	43,769,688	$	(4,762,307	)	$	(1,210,000	)	$	(10,365,932	)	$	27,431,449	^
Counterparty	Derivative Liabilities Subject to a MA		Derivatives Available for Offset			Cash Collateral Pledged*			Security Collateral Pledged*			Net Amount of Derivative Liabilities
Australia and New Zealand Banking Group Ltd.	$	4,049	$	– 0	–	$	– 0	–	$	– 0	–	$	4,049
Bank of America NA		2,387,697		(2,387,697	)		– 0	–		– 0	–		– 0	–
Barclays Bank PLC		1,541,032		(474,239	)		– 0	–		(947,036	)		119,757
BNP Paribas SA		13,082		– 0	–		– 0	–		– 0	–		13,082
Brown Brothers Harriman & Co.		43,189		(23,832	)		– 0	–		– 0	–		19,357
Credit Suisse International		652,774		– 0	–		(652,774	)		– 0	–		– 0	–
Deutsche Bank AG		94,326		(94,326	)		– 0	–		– 0	–		– 0	–
Goldman Sachs Bank USA/ Goldman Sachs International		690,288		– 0	–		(690,288	)		– 0	–		– 0	–
HSBC Bank USA		427,441		(427,441	)		– 0	–		– 0	–		– 0	–
JPMorgan Chase Bank, NA		55,631		– 0	–		– 0	–		– 0	–		55,631
Morgan Stanley Capital Services LLC		776,573		(776,573	)		– 0	–		– 0	–		– 0	–

116 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

Counterparty	Derivative Liabilities Subject to a MA		Derivatives Available for Offset			Cash Collateral Pledged*			Security Collateral Pledged*			Net Amount of Derivative Liabilities
Standard Chartered Bank	$	2,212,044	$	(578,199	)	$	– 0	–	$	(1,602,388	)	$	31,457
UBS AG		15,760		– 0	–		– 0	–		– 0	–		15,760
Total	$	8,913,886	$	(4,762,307	)	$	(1,343,062	)	$	(2,549,424	)	$	259,093	^

* 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.

  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.

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

abfunds.com AB GLOBAL BOND  FUND ^| 117

NOTES TO FINANCIAL STATEMENTS (continued)

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 six months March 31, 2024, the Fund earned drop income of $502,953 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 six months ended March 31, 2024, the average amount of reverse repurchase agreements outstanding was $300,363 and the daily weighted average interest rate was 4.81%. At March 31, 2024, the Fund had reverse repurchase agreements outstanding in the amount of $2,784,948 as reported in the statement of assets and liabilities.

The following table presents the Fund’s RVP liabilities by counterparty net of the related collateral pledged by the Fund as of March 31, 2024:

Counterparty	RVP Liabilities Subject to a MRA		Securities Collateral Pledged†*			Net Amount of RVP Liabilities
Standard Chartered Bank	$	2,784,948	$	(2,757,036	)	$	27,912

† Including accrued interest.

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

118 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

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						Amount
	Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30, 2023			Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30, 2023
Class A
Shares sold		1,755,207			4,509,902		$	11,860,087		$	30,649,967
Shares issued in reinvestment of dividends and distributions		601,201			3,667,291			4,088,569			25,074,171
Shares converted from Class C		306,423			560,882			2,056,199			3,843,963
Shares redeemed		(5,750,550	)		(15,816,533	)		(38,907,170	)		(108,001,665	)
Net decrease		(3,087,719	)		(7,078,458	)	$	(20,902,315	)	$	(48,433,564	)
Class C
Shares sold		121,321			274,766		$	825,289		$	1,897,691
Shares issued in reinvestment of dividends and distributions		17,897			199,318			122,000			1,368,001
Shares converted to Class A		(305,460	)		(558,996	)		(2,056,199	)		(3,843,963	)
Shares redeemed		(325,394	)		(950,912	)		(2,205,058	)		(6,517,657	)
Net decrease		(491,636	)		(1,035,824	)	$	(3,313,968	)	$	(7,095,928	)
Advisor Class
Shares sold		82,118,378			138,998,489		$	558,446,394		$	945,834,055
Shares issued in reinvestment of dividends and distributions		7,350,223			34,042,911			49,986,711			232,307,208
Shares redeemed		(64,570,664	)		(117,576,424	)		(436,522,435	)		(802,849,124	)
Net increase		24,897,937			55,464,976		$	171,910,670		$	375,292,139
Class R
Shares sold		497,461			877,603		$	3,377,091		$	5,971,615
Shares issued in reinvestment of dividends and distributions		63,995			432,248			434,094			2,955,309
Shares redeemed		(1,255,957	)		(1,803,227	)		(8,579,598	)		(12,333,376	)
Net decrease		(694,501	)		(493,376	)	$	(4,768,413	)	$	(3,406,452	)

abfunds.com AB GLOBAL BOND  FUND ^| 119

NOTES TO FINANCIAL STATEMENTS (continued)

	Shares						Amount
	Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30, 2023			Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30, 2023
Class K
Shares sold		98,454			262,805		$	662,351		$	1,784,991
Shares issued in reinvestment of dividends and distributions		18,130			107,902			123,115			737,433
Shares redeemed		(222,439	)		(325,174	)		(1,502,116	)		(2,196,154	)
Net increase (decrease)		(105,855	)		45,533		$	(716,650	)	$	326,270
Class I
Shares sold		7,333,972			11,945,619		$	49,698,072		$	81,348,626
Shares issued in reinvestment of dividends and distributions		1,657,183			9,020,337			11,267,810			61,574,598
Shares redeemed		(11,329,743	)		(20,995,086	)		(76,617,892	)		(140,660,468	)
Net increase (decrease)		(2,338,588	)		(29,130	)	$	(15,652,010	)	$	2,262,756
Class Z
Shares sold		13,557,475			26,748,800		$	91,994,722		$	181,371,641
Shares issued in reinvestment of dividends and distributions		1,980,384			10,049,288			13,450,122			68,647,726
Shares redeemed		(26,523,737	)		(19,334,825	)		(178,377,312	)		(131,318,754	)
Net increase (decrease)		(10,985,878	)		17,463,263		$	(72,932,468	)	$	118,700,613

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) 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. The Fund may be subject to a greater risk of

120 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

rising interest rates than would normally be the case due to the recent end of a period of historically low rates and the effects of potential central bank monetary policy, and government fiscal policy, initiatives and market reactions to those initiatives.

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 due to adverse market, economic, political, regulatory or other factors.

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.

abfunds.com AB GLOBAL BOND  FUND ^| 121

NOTES TO FINANCIAL STATEMENTS (continued)

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 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.

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.

122 ^| 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.

LIBOR Replacement Risk—The Fund may be exposed to debt securities, derivatives or other financial instruments that recently transitioned from the London Interbank Offered Rate (LIBOR) as a benchmark or reference rate for various interest rate calculations. The use of LIBOR was phased out in June 2023 and transitioned to the Secured Overnight Financing Rate (SOFR). SOFR is a broad measure of the cost of borrowing cash overnight collateralized by U.S. Treasury securities in the repurchase agreement (repo) market. There can be no assurance that instruments linked to SOFR will have the same volume or liquidity as did the market for LIBOR-linked financial instruments prior to LIBOR’s discontinuance or unavailability.

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 six months ended March 31, 2024.

abfunds.com AB GLOBAL BOND  FUND ^| 123

NOTES TO FINANCIAL STATEMENTS (continued)

NOTE H

Distributions to Shareholders

The tax character of distributions paid for the year ending September 30, 2024 will be determined at the end of the current fiscal year. The tax character of distributions paid during the fiscal years ended September 30, 2023 and September 30, 2022 were as follows:

	2023			2022
Distributions paid from:
Ordinary income	$	445,393,530		$	239,373,330
Net long-term capital gains		– 0	–		53,831,535
Total taxable distributions paid	$	445,393,530		$	293,204,865
Return of Capital		41,423,187			– 0	–
Total distributions paid	$	486,816,717		$	293,204,865

As of September 30, 2023, the components of accumulated earnings (deficit) on a tax basis were as follows:

Accumulated capital losses	$	(672,761,557	)(a)
Other losses		(184,629,669	)(b)
Unrealized appreciation (depreciation)		(549,081,267	)(c)
Total accumulated earnings (deficit)	$	(1,406,472,493	)(d)

(a) As of September 30, 2023, the Fund had a net capital loss carryforward of $672,761,557.

(b) As of September 30, 2023, the Fund had a qualified late-year ordinary loss deferral of $184,629,669.

(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 passive foreign investment companies (PFICs), 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, 2023, the Fund had a net short-term capital loss carryforward of $291,540,435 and a net long-term capital loss carryforward of $381,221,122, which may be carried forward for an indefinite period.

NOTE I

Recent Accounting Pronouncements

In December 2022, the Financial Accounting Standards Board issued an Accounting Standards Update, ASU 2022-06, “Reference Rate Reform (Topic 848) – Deferral of the Sunset Date of Topic 848”. ASU 2022-06 is an amendment to ASU 2020-04, which provided optional guidance to ease the potential accounting burden due to the discontinuation of the

124 ^| AB GLOBAL BOND FUND abfunds.com

NOTES TO FINANCIAL STATEMENTS (continued)

LIBOR and other interbank-offered based reference rates and which was effective as of March 12, 2020 through December 31, 2022. ASU 2022-06 extends the effective period through December 31, 2024. Management is currently evaluating the impact, if any, of applying ASU 2022-06.

NOTE J

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.

abfunds.com AB GLOBAL BOND  FUND ^| 125

FINANCIAL HIGHLIGHTS

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

	Class A
	Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30,
				2023			2022			2021			2020			2019
Net asset value, beginning of period		$ 6.57			$ 7.09			$ 8.52			$ 8.62			$ 8.67			$ 8.19
Income From Investment Operations
Net investment income(a)(b)		.11			.21			.11			.11			.14			.17
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.33			(.11	)		(1.20	)		(.02	)		.07			.52
Contributions from Affiliates		.00	(c)		.00	(c)		.00	(c)		– 0	–		.00	(c)		.00	(c)
Net increase (decrease) in net asset value from operations		.44			.10			(1.09	)		.09			.21			.69
Less: Dividends and Distributions
Dividends from net investment income		(.11	)		(.57	)		(.24	)		(.13	)		(.26	)		(.21	)
Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–		– 0	–
Return of Capital		– 0	–		(.05	)		– 0	–		– 0	–		– 0	–		– 0	–
Total dividends and distributions		(.11	)		(.62	)		(.34	)		(.19	)		(.26	)		(.21	)
Net asset value, end of period		$ 6.90			$ 6.57			$ 7.09			$ 8.52			$ 8.62			$ 8.67
Total Return
Total investment return based on net asset value(d)		6.75	%		1.27	%		(13.27	)%		.92	%		2.44	%^		8.58	%
Ratios/Supplemental Data
Net assets, end of period (000’s omitted)		$328,566			$332,871			$409,768			$580,627			$656,731			$758,638
Ratio to average net assets of:
Expenses, net of waivers/ reimbursements(e)		.80	%(f)		.80	%		.80	%		.80	%		.80	%		.81	%
Expenses, before waivers/ reimbursements(e)		.80	%(f)		.80	%		.80	%		.80	%		.80	%		.81	%
Net investment income(b)		3.26	%(f)		3.06	%		1.40	%		1.24	%		1.62	%		2.02	%
Portfolio turnover rate*		150	%		177	%		159	%		130	%		135	%		126	%

See footnote summary on page 133.

126 ^| AB GLOBAL BOND FUND abfunds.com

FINANCIAL HIGHLIGHTS (continued)

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

	Class C
	Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30,
				2023			2022			2021			2020			2019
Net asset value, beginning of period		$ 6.59			$ 7.12			$ 8.55			$ 8.65			$ 8.70			$ 8.21
Income From Investment Operations
Net investment income(a)(b)		.08			.16			.05			.04			.08			.11
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.35			(.12	)		(1.20	)		(.02	)		.06			.53
Contributions from Affiliates		.00	(c)		.00	(c)		.00	(c)		– 0	–		.00	(c)		.00	(c)
Net increase (decrease) in net asset value from operations		.43			.04			(1.15	)		.02			.14			.64
Less: Dividends and Distributions
Dividends from net investment income		(.09	)		(.52	)		(.18	)		(.06	)		(.19	)		(.15	)
Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–		– 0	–
Return of Capital		– 0	–		(.05	)		– 0	–		– 0	–		– 0	–		– 0	–
Total dividends and distributions		(.09	)		(.57	)		(.28	)		(.12	)		(.19	)		(.15	)
Net asset value, end of period		$ 6.93			$ 6.59			$ 7.12			$ 8.55			$ 8.65			$ 8.70
Total Return
Total investment return based on net asset value(d)		6.48	%		.36	%		(13.88	)%		.27	%		1.66	%		7.87	%
Ratios/Supplemental Data
Net assets, end of period (000’s omitted)		$11,414			$14,099			$22,599			$39,929			$65,949			$104,089
Ratio to average net assets of:
Expenses, net of waivers/ reimbursements(e)		1.55	%(f)		1.55	%		1.55	%		1.55	%		1.55	%		1.56	%
Expenses, before waivers/ reimbursements(e)		1.56	%(f)		1.55	%		1.56	%		1.55	%		1.55	%		1.56	%
Net investment income(b)		2.50	%(f)		2.26	%		.62	%		.49	%		.93	%		1.26	%
Portfolio turnover rate*		150	%		177	%		159	%		130	%		135	%		126	%

See footnote summary on page 133.

abfunds.com AB GLOBAL BOND  FUND ^| 127

FINANCIAL HIGHLIGHTS (continued)

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

	Advisor Class
	Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30,
				2023			2022			2021			2020			2019
Net asset value, beginning of period		$ 6.56			$ 7.09			$ 8.51			$ 8.62			$ 8.66			$ 8.18
Income From Investment Operations
Net investment income(a)(b)		.12			.23			.13			.13			.16			.19
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.34			(.12	)		(1.19	)		(.03	)		.08			.52
Contributions from Affiliates		.00	(c)		.00	(c)		.00	(c)		– 0	–		.00	(c)		.00	(c)
Net increase (decrease) in net asset value from operations		.46			.11			(1.06	)		.10			.24			.71
Less: Dividends and Distributions
Dividends from net investment income		(.12	)		(.59	)		(.26	)		(.15	)		(.28	)		(.23	)
Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–		– 0	–
Return of Capital		– 0	–		(.05	)		– 0	–		– 0	–		– 0	–		– 0	–
Total dividends and distributions		(.12	)		(.64	)		(.36	)		(.21	)		(.28	)		(.23	)
Net asset value, end of period		$ 6.90			$ 6.56			$ 7.09			$ 8.51			$ 8.62			$ 8.66
Total Return
Total investment return based on net asset value(d)		7.05	%		1.38	%		(12.95	)%		1.17	%		2.82	%		8.86	%
Ratios/Supplemental Data
Net assets, end of period (000’s omitted)		$3,902,841			$3,549,674			$3,441,514			$4,707,655			$4,645,021			$4,845,448
Ratio to average net assets of:
Expenses, net of waivers/ reimbursements(e)		.55	%(f)		.55	%		.55	%		.55	%		.55	%		.56	%
Expenses, before waivers/ reimbursements(e)		.56	%(f)		.55	%		.56	%		.55	%		.55	%		.56	%
Net investment income(b)		3.51	%(f)		3.33	%		1.66	%		1.49	%		1.91	%		2.26	%
Portfolio turnover rate*		150	%		177	%		159	%		130	%		135	%		126	%

See footnote summary on page 133.

128 ^| AB GLOBAL BOND FUND abfunds.com

FINANCIAL HIGHLIGHTS (continued)

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

	Class R
	Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30,
				2023			2022			2021			2020			2019
Net asset value, beginning of period		$ 6.55			$ 7.09			$ 8.52			$ 8.62			$ 8.66			$ 8.18
Income From Investment Operations
Net investment income(a)(b)		.09			.17			.08			.07			.10			.13
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.35			(.12	)		(1.21	)		(.02	)		.08			.53
Contributions from Affiliates		.00	(c)		.00	(c)		.00	(c)		– 0	–		.00	(c)		.00	(c)
Net increase (decrease) in net asset value from operations		.44			.05			(1.13	)		.05			.18			.66
Less: Dividends and Distributions
Dividends from net investment income		(.10	)		(.54	)		(.20	)		(.09	)		(.22	)		(.18	)
Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–		– 0	–
Return of Capital		– 0	–		(.05	)		– 0	–		– 0	–		– 0	–		– 0	–
Total dividends and distributions		(.10	)		(.59	)		(.30	)		(.15	)		(.22	)		(.18	)
Net asset value, end of period		$ 6.89			$ 6.55			$ 7.09			$ 8.52			$ 8.62			$ 8.66
Total Return
Total investment return based on net asset value(d)		6.68	%		.50	%		(13.65	)%		.59	%		2.08	%		8.13	%
Ratios/Supplemental Data
Net assets, end of period (000’s omitted)		$27,972			$31,164			$37,213			$49,599			$56,424			$69,424
Ratio to average net assets of:
Expenses, net of waivers/ reimbursements(e)		1.25	%(f)		1.40	%		1.25	%		1.24	%		1.27	%		1.24	%
Expenses, before waivers/ reimbursements(e)		1.26	%(f)		1.40	%		1.25	%		1.24	%		1.27	%		1.24	%
Net investment income(b)		2.80	%(f)		2.46	%		.96	%		.80	%		1.20	%		1.59	%
Portfolio turnover rate*		150	%		177	%		159	%		130	%		135	%		126	%

See footnote summary on page 133.

abfunds.com AB GLOBAL BOND  FUND ^| 129

FINANCIAL HIGHLIGHTS (continued)

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

	Class K
	Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30,
				2023			2022			2021			2020			2019
Net asset value, beginning of period		$ 6.56			$ 7.09			$ 8.52			$ 8.62			$ 8.66			$ 8.18
Income From Investment Operations
Net investment income(a)(b)		.11			.19			.10			.10			.13			.16
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.33			(.11	)		(1.20	)		(.02	)		.07			.52
Contributions from Affiliates		.00	(c)		.00	(c)		.00	(c)		– 0	–		.00	(c)		.00	(c)
Net increase (decrease) in net asset value from operations		.44			.08			(1.10	)		.08			.20			.68
Less: Dividends and Distributions
Dividends from net investment income		(.11	)		(.56	)		(.23	)		(.12	)		(.24	)		(.20	)
Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–		– 0	–
Return of Capital		– 0	–		(.05	)		– 0	–		– 0	–		– 0	–		– 0	–
Total dividends and distributions		(.11	)		(.61	)		(.33	)		(.18	)		(.24	)		(.20	)
Net asset value, end of period		$ 6.89			$ 6.56			$ 7.09			$ 8.52			$ 8.62			$ 8.66
Total Return
Total investment return based on net asset value(d)		6.68	%		.97	%		(13.38	)%		.90	%		2.39	%		8.46	%
Ratios/Supplemental Data
Net assets, end of period (000’s omitted)		$7,769			$8,085			$8,420			$13,249			$16,627			$19,576
Ratio to average net assets of:
Expenses, net of waivers/ reimbursements(e)		.94	%(f)		1.05	%		.94	%		.93	%		.96	%		.93	%
Expenses, before waivers/ reimbursements(e)		.95	%(f)		1.05	%		.94	%		.93	%		.96	%		.93	%
Net investment income(b)		3.12	%(f)		2.83	%		1.24	%		1.11	%		1.51	%		1.89	%
Portfolio turnover rate*		150	%		177	%		159	%		130	%		135	%		126	%

See footnote summary on page 133.

130 ^| AB GLOBAL BOND FUND abfunds.com

FINANCIAL HIGHLIGHTS (continued)

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

	Class I
	Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30,
				2023			2022			2021			2020			2019
Net asset value, beginning of period		$ 6.56			$ 7.09			$ 8.52			$ 8.62			$ 8.66			$ 8.18
Income From Investment Operations
Net investment income(a)(b)		.12			.23			.13			.13			.16			.19
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.34			(.13	)		(1.20	)		(.02	)		.07			.52
Contributions from Affiliates		.00	(c)		.00	(c)		.00	(c)		-0-			.00	(c)		.00	(c)
Net increase (decrease) in net asset value from operations		.46			.10			(1.07	)		.11			.23			.71
Less: Dividends and Distributions
Dividends from net investment income		(.12	)		(.58	)		(.26	)		(.15	)		(.27	)		(.23	)
Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–		– 0	–
Return of Capital		– 0	–		(.05	)		– 0	–		– 0	–		– 0	–		– 0	–
Total dividends and distributions		(.12	)		(.63	)		(.36	)		(.21	)		(.27	)		(.23	)
Net asset value, end of period		$ 6.90			$ 6.56			$ 7.09			$ 8.52			$ 8.62			$ 8.66
Total Return
Total investment return based on net asset value(d)		7.04	%		1.36	%		(13.06	)%		1.29	%		2.79	%		8.87	%
Ratios/Supplemental Data
Net assets, end of period (000’s omitted)		$689,015			$670,854			$724,876			$919,250			$854,892			$852,566
Ratio to average net assets of:
Expenses, net of waivers/ reimbursements(e)		.57	%(f)		.57	%		.56	%		.55	%		.58	%		.55	%
Expenses, before waivers/ reimbursements(e)		.57	%(f)		.57	%		.57	%		.55	%		.58	%		.56	%
Net investment income(b)		3.50	%(f)		3.31	%		1.65	%		1.49	%		1.88	%		2.27	%
Portfolio turnover rate*		150	%		177	%		159	%		130	%		135	%		126	%

See footnote summary on page 133.

abfunds.com AB GLOBAL BOND  FUND ^| 131

FINANCIAL HIGHLIGHTS (continued)

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

	Class Z
	Six Months Ended March 31, 2024 (unaudited)			Year Ended September 30,
				2023			2022			2021			2020			2019
Net asset value, beginning of period		$ 6.56			$ 7.09			$ 8.52			$ 8.62			$ 8.66			$ 8.18
Income From Investment Operations
Net investment income(a)(b)		.12			.23			.14			.13			.16			.19
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.34			(.12	)		(1.21	)		(.02	)		.08			.53
Contributions from Affiliates		.00	(c)		.00	(c)		.00	(c)		– 0	–		.00	(c)		.00	(c)
Net increase (decrease) in net asset value from operations		.46			.11			(1.07	)		.11			.24			.72
Less: Dividends and Distributions
Dividends from net investment income		(.12	)		(.59	)		(.26	)		(.15	)		(.28	)		(.24	)
Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–		– 0	–
Return of Capital		– 0	–		(.05	)		– 0	–		– 0	–		– 0	–		– 0	–
Total dividends and distributions		(.12	)		(.64	)		(.36	)		(.21	)		(.28	)		(.24	)
Net asset value, end of period		$ 6.90			$ 6.56			$ 7.09			$ 8.52			$ 8.62			$ 8.66
Total Return
Total investment return based on net asset value(d)		7.07	%		1.40	%		(13.01	)%		1.34	%		2.84	%		8.93	%
Ratios/Supplemental Data
Net assets, end of period (000’s omitted)		$779,655			$813,849			$755,288			$717,784			$579,878			$580,799
Ratio to average net assets of:
Expenses, net of waivers/ reimbursements(e)		.52	%(f)		.52	%		.51	%		.50	%		.53	%		.50	%
Expenses, before waivers/ reimbursements(e)		.52	%(f)		.52	%		.51	%		.50	%		.53	%		.50	%
Net investment income(b)		3.55	%(f)		3.37	%		1.73	%		1.53	%		1.93	%		2.33	%
Portfolio turnover rate*		150	%		177	%		159	%		130	%		135	%		126	%

See footnote summary on page 133.

132 ^| AB GLOBAL BOND FUND abfunds.com

FINANCIAL HIGHLIGHTS (continued)

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

(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 charge or contingent deferred sales charge is 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 for a period of less than one year is not annualized.

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

	Six Months Ended March 31, 2024 (unaudited)(f)		Year Ended September 30,
			2023			2022			2021			2020			2019
Class A
Net of waivers/reimbursements		.80%		.80	%		.80	%		.80	%		.80	%		.81	%
Before waivers/reimbursements		.80%		.80	%		.80	%		.80	%		.80	%		.81	%
Class C
Net of waivers/reimbursements		1.55%		1.55	%		1.55	%		1.55	%		1.55	%		1.56	%
Before waivers/reimbursements		1.56%		1.55	%		1.56	%		1.55	%		1.55	%		1.56	%
Advisor Class
Net of waivers/reimbursements		.55%		.55	%		.55	%		.55	%		.55	%		.56	%
Before waivers/reimbursements		.56%		.55	%		.56	%		.55	%		.55	%		.56	%
Class R
Net of waivers/reimbursements		1.25%		1.39	%		1.25	%		1.24	%		1.27	%		1.24	%
Before waivers/reimbursements		1.26%		1.39	%		1.25	%		1.24	%		1.27	%		1.24	%
Class K
Net of waivers/reimbursements		.94%		1.05	%		.94	%		.93	%		.96	%		.93	%
Before waivers/reimbursements		.95%		1.05	%		.94	%		.93	%		.96	%		.93	%
Class I
Net of waivers/reimbursements		.57%		.57	%		.56	%		.55	%		.58	%		.55	%
Before waivers/reimbursements		.57%		.57	%		.57	%		.55	%		.58	%		.56	%
Class Z
Net of waivers/reimbursements		.52%		.52	%		.51	%		.50	%		.53	%		.50	%
Before waivers/reimbursements		.52%		.52	%		.51	%		.50	%		.53	%		.50	%

(f) Annualized.

^ 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.

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

See notes to financial statements.

abfunds.com AB GLOBAL BOND  FUND ^| 133

BOARD OF DIRECTORS

Garry L. Moody(1), Chairman Jorge A. Bermudez(1) Michael J. Downey(1) Onur Erzan, President and Chief Executive Officer	Nancy P. Jacklin(1) Jeanette W. Loeb(1) Carol C. McMullen(1) Marshall C. Turner, Jr.(1)* Emilie D. Wrapp, Advisory Board Member
OFFICERS
Christian DiClementi(2), Vice President Scott A. DiMaggio(2), Vice President Matthew S. Sheridan(2), Vice President John Taylor(2), Vice President Nancy E. Hay, Secretary	Michael B. Reyes, Senior Vice President Stephen M. Woetzel, Treasurer and Chief Financial Officer Phyllis J. Clarke, Controller Jennier Friedland, Chief Compliance Officer

Custodian and Accounting Agent Brown Brothers Harriman & Co. 50 Post Office Square Boston, MA 02110   Principal Underwriter AllianceBernstein Investments, Inc. 501 Commerce Street Nashville, TN 37203   Legal Counsel Seward & Kissel LLP One Battery Park Plaza New York, NY 10004 Transfer Agent AllianceBernstein Investor Services, Inc. P.O. Box 786003 San Antonio, TX 78278 Toll-Free (800) 221-5672   Independent Registered Public Accounting Firm Ernst & Young LLP One Manhattan West New York, NY 10001

1 Member of the Audit Committee, the Governance and Nominating Committee, and the Independent Directors Committee.

2 The day-to-day management of, and investment decisions for, the Fund’s portfolio are made by the Adviser’s Global Fixed Income Investment Team. Messrs. DiClementi, DiMaggio, Sheridan and Taylor are the investment professionals with the most significant responsibility for the day-to-day management of the Fund’s portfolio.

* Mr. Turner is expected to retire effective December 31, 2024.

134 ^| AB GLOBAL BOND FUND abfunds.com

Operation and Effectiveness of the Funds’ Liquidity Risk Management Program:

In October 2016, the Securities and Exchange Commission (“SEC”) adopted the open-end fund liquidity rule (the “Liquidity Rule”). In June 2018 the SEC adopted a requirement that funds disclose information about the operation and effectiveness of their Liquidity Risk Management Program (“LRMP”) in their reports to shareholders.

One of the requirements of the Liquidity Rule is for the Fund to designate an Administrator of the Fund’s Liquidity Risk Management Program. The Administrator of the Fund’s LRMP is AllianceBernstein L.P., the Fund’s investment adviser (the “Adviser”). The Adviser has delegated the responsibility to its Liquidity Risk Management Committee (the “Committee”).

Another requirement of the Liquidity Rule is for the Fund’s Board of Directors/Trustees (the “Fund Board”) to receive an annual written report from the Administrator of the LRMP, which addresses the operation of the fund’s LRMP and assesses its adequacy and effectiveness. The Adviser provided the Fund Board with such annual report during the first quarter of 2024, which covered the period January 1, 2023 through December 31, 2023 (the “Program Reporting Period”).

The LRMP’s principal objectives include supporting the Fund’s compliance with limits on investments in illiquid assets and mitigating the risk that the Fund will be unable to meet its redemption obligations in a timely manner.

Pursuant to the LRMP, the Fund classifies the liquidity of its portfolio investments into one of the four categories defined by the SEC: Highly Liquid, Moderately Liquid, Less Liquid, and Illiquid. These classifications are reported to the SEC on Form N-PORT.

During the Program Reporting Period, the Committee reviewed whether the Fund’s strategy is appropriate for an open-end structure, incorporating any holdings of less liquid and illiquid assets. If the Fund participated in derivative transactions, the exposure from such transactions were considered in the LRMP.

The Committee also performed an analysis to determine whether the Fund is required to maintain a Highly Liquid Investment Minimum (“HLIM”). The Committee also incorporated the following information when determining the Fund’s reasonably anticipated trading size for purposes of liquidity monitoring: historical net redemption activity, a Fund’s concentration in an issuer, shareholder concentration, investment performance, total net assets, and distribution channels.

The Adviser informed the Fund Board that the Committee believes the Funds’ LRMP is adequately designed, has been implemented as intended,

abfunds.com AB GLOBAL BOND  FUND ^| 135

and has operated effectively since its inception. No material exceptions have been noted since the implementation of the LRMP. During the Program Reporting Period, liquidity in all markets was challenged due to rising rates and economic uncertainty. However, markets also remained orderly during the Program Reporting Period. There were no liquidity events that impacted the Fund or its ability to timely meet redemptions during the Program Reporting Period.

136 ^| AB GLOBAL BOND FUND abfunds.com

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 1-2, 2023 (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

abfunds.com AB GLOBAL BOND  FUND ^| 137

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 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 2021 and 2022 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

138 ^| AB GLOBAL BOND FUND abfunds.com

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 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, 2023 and (in the case of comparisons with the broad-based securities market index) for the period from inception. Based on their review, the directors concluded that the Fund’s investment performance was acceptable.

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 lower than 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 lower than the median.

abfunds.com AB GLOBAL BOND  FUND ^| 139

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.

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. Based on their review, the directors concluded that the Fund’s expense ratio was acceptable.

140 ^| AB GLOBAL BOND FUND abfunds.com

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 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 informed the Adviser that they would continue to monitor the Fund’s asset levels and consider whether additional breakpoints should be imposed in the future if circumstances warranted doing so.

abfunds.com AB GLOBAL BOND  FUND ^| 141

This page is not part of the Shareholder Report or the Financial Statements.

AB FAMILY OF FUNDS

US EQUITY

CORE

Core Opportunities Fund

Select US Equity Portfolio

Sustainable US Thematic Portfolio

GROWTH

Concentrated Growth Fund

Discovery Growth Fund

Growth Fund

Large Cap Growth Fund

Small Cap Growth Portfolio

VALUE

Discovery Value Fund

Equity Income Fund

Mid Cap Value Portfolio

Relative Value Fund

Small Cap Value Portfolio

Value Fund

INTERNATIONAL/GLOBAL EQUITY

CORE

Global Core Equity Portfolio

International Low Volatility Equity Portfolio¹

Sustainable Global Thematic Fund

Sustainable International Thematic Fund

Tax-Managed Wealth Appreciation Strategy

Wealth Appreciation Strategy

GROWTH

Concentrated International Growth Portfolio

VALUE

All China Equity Portfolio

International Value Fund

FIXED INCOME

MUNICIPAL

High Income Municipal Portfolio

Intermediate California Municipal Portfolio

Intermediate Diversified Municipal Portfolio

Intermediate New York Municipal Portfolio

Municipal Bond Inflation Strategy

Tax-Aware Fixed Income Opportunities Portfolio

National Portfolio

Arizona Portfolio

California Portfolio

Massachusetts Portfolio

Minnesota Portfolio

New Jersey Portfolio

New York Portfolio

Ohio Portfolio

Pennsylvania Portfolio

Virginia Portfolio

TAXABLE

Bond Inflation Strategy

Global Bond Fund

High Income Fund

Income Fund

Intermediate Duration Portfolio

Short Duration High Yield Portfolio¹

Short Duration Income Portfolio

Short Duration Portfolio

Sustainable Thematic Credit Portfolio

Total Return Bond Portfolio

ALTERNATIVES

All Market Real Return Portfolio

Global Real Estate Investment Fund

Select US Long/Short Portfolio

MULTI-ASSET

All Market Total Return Portfolio

Emerging Markets Multi-Asset Portfolio

Global Risk Allocation Fund

Sustainable Thematic Balanced Portfolio

CLOSED-END FUNDS

AllianceBernstein Global High Income Fund

AllianceBernstein National Municipal Income Fund

EXCHANGE-TRADED FUNDS

Conservative Buffer ETF

Core Plus Bond ETF

Corporate Bond ETF

Disruptors ETF

High Yield ETF

Tax-Aware Intermediate Municipal ETF

Tax-Aware Long Municipal ETF

Tax-Aware Short Duration Municipal ETF

Ultra Short Income ETF

US High Dividend ETF

US Large Cap Strategic Equities ETF

US Low Volatility Equity ETF

We also offer Government Money Market Portfolio, which serves as the money market fund exchange vehicle for the AB mutual funds. You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

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.

1 Prior to July 5, 2023, International Low Volatility Equity Portfolio was named International Strategic Core Portfolio and Short Duration High Yield Portfolio was named Limited Duration High Income Portfolio.

142 ^| AB GLOBAL BOND FUND abfunds.com

NOTES

abfunds.com AB GLOBAL BOND  FUND ^| 143

NOTES

144 ^| AB GLOBAL BOND FUND abfunds.com

AB GLOBAL BOND FUND

1345 Avenue of the Americas

New York, NY 10105

800 221 5672

GB-0152-0324    

ITEM 2. CODE OF ETHICS.

Not applicable when filing a semi-annual report to shareholders.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable when filing a semi-annual report to shareholders.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable when filing a semi-annual report to shareholders.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable to the registrant.

ITEM 6. INVESTMENTS.

Please see Schedule of Investments contained in the Report to Shareholders included under Item 1 of this Form N-CSR.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to the registrant.

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to the registrant.

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable to the registrant.

ITEM 10. 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 11. 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 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to the registrant.

ITEM 13. EXHIBITS.

The following exhibits are attached to this Form N-CSR:

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
13(b)(1)	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
13(b)(2)	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
13(c)	Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Section 906 of the Sarbanes—Oxley Act of 2002

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.

(Registrant): AB Global Bond Fund, Inc.
By:	/s/ Onur Erzan
	Onur Erzan
	President
Date:	May 27, 2024

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.

By:	/s/ Onur Erzan
	Onur Erzan
	President
Date:	May 27, 2024
By:	/s/ Stephen M. Woetzel
	Stephen M. Woetzel
	Treasurer and Chief Financial Officer
Date:	May 27, 2024