UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-06554

AB GLOBAL BOND FUND, INC.

(Exact name of registrant as specified in charter)

66 Hudson Boulevard East, New York, New York 10005

(Address of principal executive offices) (Zip code)

Stephen M. Woetzel

AllianceBernstein L.P.

66 Hudson Boulevard East

New York, New York 10005

(Name and address of agent for service)

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

Date of fiscal year end: September 30, 2024

Date of reporting period: September 30, 2024

ITEM 1. REPORTS TO STOCKHOLDERS.

Class A:ANAGX

September 30, 2024

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AB Global Bond Fund

Annual Shareholder Report

This annual shareholder report contains important information about the AB Global Bond Fund (the “Fund”) for the period of October 1, 2023 to September 30, 2024. You can find additional information about the Fund at https://www.abfunds.com/link/AB/ANAGX-A. You can also request this information by contacting us at (800) 227 4618.

What were the Fund costs for the last year?

(Based on a hypothetical $10,000 investment)

Class Name	Cost of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Class A	$84	0.80%

How Did the Fund Perform Last Year? What Affected the Fund's Performance?

During the 12-month period ended September 30, 2024, all share classes except for the C class outperformed the Bloomberg Global Aggregate Bond Index (USD hedged) (“the benchmark”), before sales charges. Country allocation contributed the most to performance, namely underweights to China and Canada, and an overweight to Japan. Security selection in eurozone and US investment-grade corporate bonds and emerging-market corporates was also beneficial. Additionally, sector allocation contributed mainly from an underweight to US Treasuries and off-benchmark exposure to US high-yield corporates. These gains offset losses from yield-curve positioning, particularly in South Korea, the US and the eurozone. At the sector allocation level, off-benchmark exposure to US Treasuries and inflation-linked bonds detracted from performance, while currency decisions were also a minor detractor.

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.

Performance Highlights

Top contributors to performance:

During the 12-month period, country allocation, security selection and sector allocation contributed the most to outperformance.

Top detractors from performance:

During the 12-month period, yield-curve positioning and currency decisions detracted.

Class A:ANAGX

Fund Performance

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

A line chart as described in the following paragraph.

	Class A	Bloomberg Global Aggregate Bond Index (USD hedged)
09/14	$9,573	$10,000
09/15	$9,760	$10,314
09/16	$10,418	$10,989
09/17	$10,532	$10,969
09/18	$10,497	$11,060
09/19	$11,398	$12,237
09/20	$11,689	$12,743
09/21	$11,797	$12,672
09/22	$10,214	$11,145
09/23	$10,333	$11,378
09/24	$11,490	$12,588

Average Annual Total Returns

Class Name	1 Year	5 Years	10 Years
Class A (without sales charges)	10.90%	0.16%	1.84%
Class A (with sales charges)	6.21%	-0.69%	1.40%
Bloomberg Global Aggregate Bond Index (USD hedged)	10.63%	0.57%	2.33%

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

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

Visit https://www.abfunds.com/link/AB/ANAGX-A for the most recent performance information.

Key Fund Statistics

Net Assets	$5,823,520,550
# of Portfolio Holdings	1,694
Portfolio Turnover Rate	302%
Total Advisory Fees Paid	$26,054,282

Class A:ANAGX

Graphical Representation of Holdings

Security Type Breakdown

A graphical representation of Investments made.

Value	Value
Governments - Treasuries	43.8%
Corporates - Investment Grade	26.2%
Mortgage Pass-Throughs	13.7%
Covered Bonds	3.1%
Collateralized Mortgage Obligations	2.9%
Collateralized Loan Obligations	2.6%
Local Governments - Provincial Bonds	2.3%
Asset-Backed Securities	2.1%
Inflation-Linked Securities	1.9%
Supranationals	1.8%
Governments - Sovereign Bonds	1.5%
Local Governments - Regional Bonds	1.4%
Commercial Mortgage-Backed Securities	1.4%
Other	4.7%
Short-Term Investments	1.9%
Other Assets less Liabilities	(11.3)%

Country Breakdown

Value	Value
United States	51.2%
Japan	8.7%
Canada	8.5%
United Kingdom	8.2%
China	4.4%
France	3.8%
Germany	3.2%
Italy	2.4%
Spain	2.2%
Australia	1.8%
Colombia	1.4%
South Korea	1.4%
Supranational	1.8%
Other	10.4%
Short-Term Investments	1.9%
Other Assets less Liabilities	(11.3)%

Availability of Additional Information

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

• Prospectus

• Financial information

• Fund holdings

• Proxy voting information

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

Householding

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

Class A:ANAGX

Information Regarding the Review and Approval of the Fund’s Advisory Agreement

Information regarding the Fund’s Board of Directors’/Trustees’ review of the advisory agreement is available on the Fund’s website https://www.abfunds.com/link/AB/ANAGX-A. You can request this information, free of charge, by contacting us at (800) 227 4618 or by scanning the QR code below.

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.

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GB-A-0153

Class A:ANAGX

Advisor Class:ANAYX

September 30, 2024

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AB Global Bond Fund

Annual Shareholder Report

This annual shareholder report contains important information about the AB Global Bond Fund (the “Fund”) for the period of October 1, 2023 to September 30, 2024. You can find additional information about the Fund at https://www.abfunds.com/link/AB/ANAYX-A. You can also request this information by contacting us at (800) 227 4618.

What were the Fund costs for the last year?

(Based on a hypothetical $10,000 investment)

Class Name	Cost of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Advisor Class	$58	0.55%

How Did the Fund Perform Last Year? What Affected the Fund's Performance?

Performance Highlights

Top contributors to performance:

During the 12-month period, country allocation, security selection and sector allocation contributed the most to outperformance.

Top detractors from performance:

During the 12-month period, yield-curve positioning and currency decisions detracted.

Advisor Class:ANAYX

Fund Performance

	Advisor Class	Bloomberg Global Aggregate Bond Index (USD hedged)
09/14	$10,000	$10,000
09/15	$10,226	$10,314
09/16	$10,942	$10,989
09/17	$11,090	$10,969
09/18	$11,083	$11,060
09/19	$12,065	$12,237
09/20	$12,405	$12,743
09/21	$12,551	$12,672
09/22	$10,905	$11,145
09/23	$11,043	$11,378
09/24	$12,316	$12,588

Average Annual Total Returns

Class Name	1 Year	5 Years	10 Years
Advisor Class	11.19%	0.41%	2.10%
Bloomberg Global Aggregate Bond Index (USD hedged)	10.63%	0.57%	2.33%

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

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

Visit https://www.abfunds.com/link/AB/ANAYX-A for the most recent performance information.

Key Fund Statistics

Net Assets	$5,823,520,550
# of Portfolio Holdings	1,694
Portfolio Turnover Rate	302%
Total Advisory Fees Paid	$26,054,282

Advisor Class:ANAYX

Graphical Representation of Holdings

Security Type Breakdown

Value	Value
Governments - Treasuries	43.8%
Corporates - Investment Grade	26.2%
Mortgage Pass-Throughs	13.7%
Covered Bonds	3.1%
Collateralized Mortgage Obligations	2.9%
Collateralized Loan Obligations	2.6%
Local Governments - Provincial Bonds	2.3%
Asset-Backed Securities	2.1%
Inflation-Linked Securities	1.9%
Supranationals	1.8%
Governments - Sovereign Bonds	1.5%
Local Governments - Regional Bonds	1.4%
Commercial Mortgage-Backed Securities	1.4%
Other	4.7%
Short-Term Investments	1.9%
Other Assets less Liabilities	(11.3)%

Country Breakdown

Value	Value
United States	51.2%
Japan	8.7%
Canada	8.5%
United Kingdom	8.2%
China	4.4%
France	3.8%
Germany	3.2%
Italy	2.4%
Spain	2.2%
Australia	1.8%
Colombia	1.4%
South Korea	1.4%
Supranational	1.8%
Other	10.4%
Short-Term Investments	1.9%
Other Assets less Liabilities	(11.3)%

Availability of Additional Information

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

• Prospectus

• Financial information

• Fund holdings

• Proxy voting information

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

Householding

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

Advisor Class:ANAYX

Information Regarding the Review and Approval of the Fund’s Advisory Agreement

Information regarding the Fund’s Board of Directors’/Trustees’ review of the advisory agreement is available on the Fund’s website https://www.abfunds.com/link/AB/ANAYX-A. You can request this information, free of charge, by contacting us at (800) 227 4618 or by scanning the QR code below.

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.

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GB-ADV-0153

Advisor Class:ANAYX

Class C:ANACX

September 30, 2024

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AB Global Bond Fund

Annual Shareholder Report

This annual shareholder report contains important information about the AB Global Bond Fund (the “Fund”) for the period of October 1, 2023 to September 30, 2024. You can find additional information about the Fund at https://www.abfunds.com/link/AB/ANACX-A. You can also request this information by contacting us at (800) 227 4618.

What were the Fund costs for the last year?

(Based on a hypothetical $10,000 investment)

Class Name	Cost of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Class C	$163	1.55%

How Did the Fund Perform Last Year? What Affected the Fund's Performance?

Performance Highlights

Top contributors to performance:

During the 12-month period, country allocation, security selection and sector allocation contributed the most to outperformance.

Top detractors from performance:

During the 12-month period, yield-curve positioning and currency decisions detracted.

Class C:ANACX

Fund Performance

	Class C	Bloomberg Global Aggregate Bond Index (USD hedged)
09/14	$10,000	$10,000
09/15	$10,123	$10,314
09/16	$10,744	$10,989
09/17	$10,780	$10,969
09/18	$10,645	$11,060
09/19	$11,482	$12,237
09/20	$11,673	$12,743
09/21	$11,705	$12,672
09/22	$10,069	$11,145
09/23	$10,095	$11,378
09/24	$11,132	$12,588

Average Annual Total Returns

Class Name	1 Year	5 Years	10 Years
Class C (without sales charges)	10.03%	-0.62%	1.08%
Class C (with sales charges)	9.03%	-0.62%	1.08%
Bloomberg Global Aggregate Bond Index (USD hedged)	10.63%	0.57%	2.33%

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

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

Visit https://www.abfunds.com/link/AB/ANACX-A for the most recent performance information.

Key Fund Statistics

Net Assets	$5,823,520,550
# of Portfolio Holdings	1,694
Portfolio Turnover Rate	302%
Total Advisory Fees Paid	$26,054,282

Class C:ANACX

Graphical Representation of Holdings

Security Type Breakdown

Value	Value
Governments - Treasuries	43.8%
Corporates - Investment Grade	26.2%
Mortgage Pass-Throughs	13.7%
Covered Bonds	3.1%
Collateralized Mortgage Obligations	2.9%
Collateralized Loan Obligations	2.6%
Local Governments - Provincial Bonds	2.3%
Asset-Backed Securities	2.1%
Inflation-Linked Securities	1.9%
Supranationals	1.8%
Governments - Sovereign Bonds	1.5%
Local Governments - Regional Bonds	1.4%
Commercial Mortgage-Backed Securities	1.4%
Other	4.7%
Short-Term Investments	1.9%
Other Assets less Liabilities	(11.3)%

Country Breakdown

Value	Value
United States	51.2%
Japan	8.7%
Canada	8.5%
United Kingdom	8.2%
China	4.4%
France	3.8%
Germany	3.2%
Italy	2.4%
Spain	2.2%
Australia	1.8%
Colombia	1.4%
South Korea	1.4%
Supranational	1.8%
Other	10.4%
Short-Term Investments	1.9%
Other Assets less Liabilities	(11.3)%

Availability of Additional Information

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

• Prospectus

• Financial information

• Fund holdings

• Proxy voting information

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

Householding

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

Class C:ANACX

Information Regarding the Review and Approval of the Fund’s Advisory Agreement

Information regarding the Fund’s Board of Directors’/Trustees’ review of the advisory agreement is available on the Fund’s website https://www.abfunds.com/link/AB/ANACX-A. You can request this information, free of charge, by contacting us at (800) 227 4618 or by scanning the QR code below.

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.

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GB-C-0153

Class C:ANACX

Class I:ANAIX

September 30, 2024

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AB Global Bond Fund

Annual Shareholder Report

This annual shareholder report contains important information about the AB Global Bond Fund (the “Fund”) for the period of October 1, 2023 to September 30, 2024. You can find additional information about the Fund at https://www.abfunds.com/link/AB/ANAIX-A. You can also request this information by contacting us at (800) 227 4618.

What were the Fund costs for the last year?

(Based on a hypothetical $10,000 investment)

Class Name	Cost of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Class I	$62	0.59%

How Did the Fund Perform Last Year? What Affected the Fund's Performance?

Performance Highlights

Top contributors to performance:

During the 12-month period, country allocation, security selection and sector allocation contributed the most to outperformance.

Top detractors from performance:

During the 12-month period, yield-curve positioning and currency decisions detracted.

Class I:ANAIX

Fund Performance

	Class I	Bloomberg Global Aggregate Bond Index (USD hedged)
09/14	$10,000	$10,000
09/15	$10,227	$10,314
09/16	$10,944	$10,989
09/17	$11,092	$10,969
09/18	$11,089	$11,060
09/19	$12,073	$12,237
09/20	$12,409	$12,743
09/21	$12,569	$12,672
09/22	$10,907	$11,145
09/23	$11,044	$11,378
09/24	$12,311	$12,588

Average Annual Total Returns

Class Name	1 Year	5 Years	10 Years
Class I	11.14%	0.39%	2.10%
Bloomberg Global Aggregate Bond Index (USD hedged)	10.63%	0.57%	2.33%

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

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

Visit https://www.abfunds.com/link/AB/ANAIX-A for the most recent performance information.

Key Fund Statistics

Net Assets	$5,823,520,550
# of Portfolio Holdings	1,694
Portfolio Turnover Rate	302%
Total Advisory Fees Paid	$26,054,282

Class I:ANAIX

Graphical Representation of Holdings

Security Type Breakdown

Value	Value
Governments - Treasuries	43.8%
Corporates - Investment Grade	26.2%
Mortgage Pass-Throughs	13.7%
Covered Bonds	3.1%
Collateralized Mortgage Obligations	2.9%
Collateralized Loan Obligations	2.6%
Local Governments - Provincial Bonds	2.3%
Asset-Backed Securities	2.1%
Inflation-Linked Securities	1.9%
Supranationals	1.8%
Governments - Sovereign Bonds	1.5%
Local Governments - Regional Bonds	1.4%
Commercial Mortgage-Backed Securities	1.4%
Other	4.7%
Short-Term Investments	1.9%
Other Assets less Liabilities	(11.3)%

Country Breakdown

Value	Value
United States	51.2%
Japan	8.7%
Canada	8.5%
United Kingdom	8.2%
China	4.4%
France	3.8%
Germany	3.2%
Italy	2.4%
Spain	2.2%
Australia	1.8%
Colombia	1.4%
South Korea	1.4%
Supranational	1.8%
Other	10.4%
Short-Term Investments	1.9%
Other Assets less Liabilities	(11.3)%

Availability of Additional Information

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

• Prospectus

• Financial information

• Fund holdings

• Proxy voting information

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

Householding

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

Class I:ANAIX

Information Regarding the Review and Approval of the Fund’s Advisory Agreement

Information regarding the Fund’s Board of Directors’/Trustees’ review of the advisory agreement is available on the Fund’s website https://www.abfunds.com/link/AB/ANAIX-A. You can request this information, free of charge, by contacting us at (800) 227 4618 or by scanning the QR code below.

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.

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GB-I-0153

Class I:ANAIX

Class Z:ANAZX

September 30, 2024

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AB Global Bond Fund

Annual Shareholder Report

This annual shareholder report contains important information about the AB Global Bond Fund (the “Fund”) for the period of October 1, 2023 to September 30, 2024. You can find additional information about the Fund at https://www.abfunds.com/link/AB/ANAZX-A. You can also request this information by contacting us at (800) 227 4618.

What were the Fund costs for the last year?

(Based on a hypothetical $10,000 investment)

Class Name	Cost of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Class Z	$55	0.52%

How Did the Fund Perform Last Year? What Affected the Fund's Performance?

Performance Highlights

Top contributors to performance:

During the 12-month period, country allocation, security selection and sector allocation contributed the most to outperformance.

Top detractors from performance:

During the 12-month period, yield-curve positioning and currency decisions detracted.

Class Z:ANAZX

Fund Performance

	Class Z	Bloomberg Global Aggregate Bond Index (USD hedged)
09/14	$10,000	$10,000
09/15	$10,232	$10,314
09/16	$10,967	$10,989
09/17	$11,108	$10,969
09/18	$11,110	$11,060
09/19	$12,102	$12,237
09/20	$12,445	$12,743
09/21	$12,612	$12,672
09/22	$10,950	$11,145
09/23	$11,092	$11,378
09/24	$12,391	$12,588

Average Annual Total Returns

Class Name	1 Year	5 Years	10 Years
Class Z	11.38%	0.47%	2.17%
Bloomberg Global Aggregate Bond Index (USD hedged)	10.63%	0.57%	2.33%

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

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

Visit https://www.abfunds.com/link/AB/ANAZX-A for the most recent performance information.

Key Fund Statistics

Net Assets	$5,823,520,550
# of Portfolio Holdings	1,694
Portfolio Turnover Rate	302%
Total Advisory Fees Paid	$26,054,282

Class Z:ANAZX

Graphical Representation of Holdings

Security Type Breakdown

Value	Value
Governments - Treasuries	43.8%
Corporates - Investment Grade	26.2%
Mortgage Pass-Throughs	13.7%
Covered Bonds	3.1%
Collateralized Mortgage Obligations	2.9%
Collateralized Loan Obligations	2.6%
Local Governments - Provincial Bonds	2.3%
Asset-Backed Securities	2.1%
Inflation-Linked Securities	1.9%
Supranationals	1.8%
Governments - Sovereign Bonds	1.5%
Local Governments - Regional Bonds	1.4%
Commercial Mortgage-Backed Securities	1.4%
Other	4.7%
Short-Term Investments	1.9%
Other Assets less Liabilities	(11.3)%

Country Breakdown

Value	Value
United States	51.2%
Japan	8.7%
Canada	8.5%
United Kingdom	8.2%
China	4.4%
France	3.8%
Germany	3.2%
Italy	2.4%
Spain	2.2%
Australia	1.8%
Colombia	1.4%
South Korea	1.4%
Supranational	1.8%
Other	10.4%
Short-Term Investments	1.9%
Other Assets less Liabilities	(11.3)%

Availability of Additional Information

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

• Prospectus

• Financial information

• Fund holdings

• Proxy voting information

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

Householding

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

Class Z:ANAZX

Information Regarding the Review and Approval of the Fund’s Advisory Agreement

Information regarding the Fund’s Board of Directors’/Trustees’ review of the advisory agreement is available on the Fund’s website https://www.abfunds.com/link/AB/ANAZX-A. You can request this information, free of charge, by contacting us at (800) 227 4618 or by scanning the QR code below.

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.

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GB-Z-0153

Class Z:ANAZX

ITEM 2. CODE OF ETHICS.

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

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

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

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

The registrant’s Board of Directors has determined that independent directors Garry L. Moody, Marshall C. Turner, Jr., Jorge A. Bermudez and Carol C. McMullen qualify as audit committee financial experts.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

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


		Audit Fees		Audit-Related Fees		Tax Fees
AB Global Bond Fund	2023	$	107,956	$	—	$	22,432
	2024	$	100,000	$	—	$	15,074

(d) Not applicable.

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

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

(f) Not applicable.

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


		All Fees for Non-Audit Services Provided to the Portfolio, the Adviser and Service Affiliates		Total Amount of Foregoing Column Pre-approved by the Audit Committee (Portion Comprised of Audit Related Fees) (Portion Comprised of Tax Fees)
AB Global Bond Fund	2023	$	1,703,463	$	22,432
				$	—
				$	(22,432	)
	2024	$	2,068,978	$	15,074
				$	—
				$	(15,074	)

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

(i) Not applicable.

(j) Not applicable.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

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

SEP^09.30.24

LOGO

ANNUAL FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION

AB GLOBAL BOND FUND

LOGO



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.

PORTFOLIO OF INVESTMENTS

September 30, 2024


		Principal Amount (000)		U.S. $ Value

GOVERNMENTS - TREASURIES – 43.8%
Australia – 0.1%
Australia Government Bond Series 150 3.00%, 03/21/2047^(a)	AUD		14,094	$	7,645,993


Austria – 0.4%
Republic of Austria Government Bond Zero Coupon, 02/20/2030^(a)	EUR		5,136		5,047,994
0.90%, 02/20/2032^(a)			15,901		15,808,569

					20,856,563

Belgium – 0.4%
Kingdom of Belgium Government Bond Series 100 2.85%, 10/22/2034^(a)			11,236		12,612,645
Series 60 4.25%, 03/28/2041^(a)			10,407		13,221,639

					25,834,284

Canada – 3.0%
Canadian Government Bond 2.25%, 12/01/2029	CAD		4,594		3,323,626
3.50%, 03/01/2028			228,903		173,514,130

					176,837,756

China – 4.2%
China Government Bond Series INBK 2.12%, 06/25/2031	CNY		536,900		76,712,879
2.28%, 03/25/2031			494,770		71,355,981
2.40%, 07/15/2028			263,350		38,306,549
3.01%, 05/13/2028			396,870		58,977,882

					245,353,291

Colombia – 1.2%
Colombian TES Series B 6.25%, 07/09/2036	COP		16,557,700		2,872,703
7.25%, 10/26/2050			59,493,900		9,740,207
13.25%, 02/09/2033			199,579,800		56,169,587

					68,782,497

Finland – 1.1%
Finland Government Bond 2.50%, 04/15/2030^(a)	EUR		59,360		66,650,333


France – 0.9%
French Republic Government Bond OAT Series OAT 3.50%, 11/25/2033^(a)			42,273		49,547,820



abfunds.com		AB GLOBAL BOND FUND ^\| 1

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Germany – 1.9%
Bundesrepublik Deutschland Bundesanleihe 1.00%, 05/15/2038^(a)	EUR		22,553	$	21,208,195
2.20%, 02/15/2034^(a)			21,917		24,617,929
3.25%, 07/04/2042^(a)			53,835		66,845,617

					112,671,741

Indonesia – 0.6%
Indonesia Treasury Bond Series 101 6.875%, 04/15/2029	IDR		512,244,000		34,750,663


Italy – 2.1%
Italy Buoni Poliennali Del Tesoro Series 10Y 4.20%, 03/01/2034^(a)	EUR		29,929		35,722,645
Series 13Y 4.05%, 10/30/2037^(a)			17,818		20,797,781
Series 16Y 3.25%, 03/01/2038^(a)			6,560		6,988,123
Series 7Y 3.50%, 02/15/2031^(a)			49,262		56,488,190

					119,996,739


Japan – 6.9%
Japan Government Five Year Bond Series 161 0.30%, 06/20/2028	JPY		17,938,100		124,215,203
Japan Government Forty Year Bond Series 16 1.30%, 03/20/2063			4,464,500		23,172,002
Series 4 2.20%, 03/20/2051			5,289,350		38,227,386
Japan Government Thirty Year Bond Series 65 0.40%, 12/20/2049			604,000		2,904,122
Series 68 0.60%, 09/20/2050			3,699,600		18,512,357
Series 81 1.60%, 12/20/2053			2,350,700		14,640,057
Series 82 1.80%, 03/20/2054			11,487,450		74,890,228
Japan Government Twenty Year Bond Series 159 0.60%, 12/20/2036			4,022,550		26,323,047
Series 169 0.30%, 06/20/2039			1,984,250		11,869,808



2 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Series 183 1.40%, 12/20/2042	JPY		9,650,800	$	65,006,186

					399,760,396


Malaysia – 0.5%
Malaysia Government Bond Series 0219 3.885%, 08/15/2029	MYR		50,793		12,526,476
Series 0318 4.64%, 11/07/2033			58,543		15,157,150

					27,683,626


South Korea – 1.3%
Korea Treasury Bond Series 3312 4.125%, 12/10/2033	KRW		91,949,350		76,474,099


Spain – 1.1%
Spain Government Bond 3.90%, 07/30/2039^(a)	EUR		45,853		54,562,581
4.70%, 07/30/2041^(a)			6,791		8,832,730

					63,395,311


United Kingdom – 4.4%
United Kingdom Gilt 0.875%, 01/31/2046^(a)	GBP		47,452		32,152,432
1.25%, 10/22/2041^(a)			7,042		5,906,330
1.50%, 07/31/2053^(a)			192		131,917
1.75%, 09/07/2037^(a)			28,348		28,854,006
3.75%, 01/29/2038^(a)			10,579		13,513,147
3.75%, 10/22/2053^(a)			253		293,485
4.125%, 07/22/2029^(a)			10,901		14,739,664
4.25%, 07/31/2034^(a)			24,515		33,415,540
4.375%, 01/31/2040^(a)			11,244		15,114,535
4.375%, 07/31/2054^(a)			28,129		36,322,086
4.75%, 10/22/2043^(a)			54,246		75,010,605

					255,453,747


United States – 13.7%
U.S. Treasury Bonds 1.125%, 05/15/2040	U.S.$		118,732		78,288,649
1.125%, 08/15/2040^(b)(c)			110,345		72,120,808
1.25%, 05/15/2050			118,464		63,285,803
1.75%, 08/15/2041			39,116		27,686,652
1.875%, 02/15/2051			7,363		4,605,264
3.00%, 11/15/2045			13,430		11,121,553
4.625%, 05/15/2044			7,903		8,367,196
4.625%, 05/15/2054			26,522		28,730,242



abfunds.com		AB GLOBAL BOND FUND ^\| 3

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

U.S. Treasury Notes 2.125%, 05/31/2026	U.S.$		58,934	$	57,423,329
4.00%, 01/31/2029^(b)(c)			281,978		286,604,594
4.25%, 02/28/2029			156,495		160,774,579

					799,008,669

Total Governments - Treasuries (cost $2,614,883,587)					2,550,703,528


CORPORATES - INVESTMENT GRADE – 26.2%
Financial Institutions – 12.8%
Banking – 10.3%
ABN AMRO Bank NV 4.75%, 09/22/2027^(a)(d)	EUR		5,200		5,585,652
AIB Group PLC 5.87%, 03/28/2035^(a)	U.S.$		331		349,072
Series E 2.25%, 04/04/2028^(a)	EUR		12,870		14,051,729
Ally Financial, Inc. 6.85%, 01/03/2030	U.S.$		66		69,705
6.99%, 06/13/2029			127		134,253
American Express Co. 3.125%, 05/20/2026			637		626,555
5.10%, 02/16/2028			458		466,780
5.28%, 07/26/2035			133		138,496
5.53%, 04/25/2030			128		134,142
5.645%, 04/23/2027			492		501,697
Banco Bilbao Vizcaya Argentaria SA 4.625%, 01/13/2031^(a)	EUR		100		118,545
6.03%, 03/13/2035	U.S.$		5,200		5,520,204
7.88%, 11/15/2034			200		230,369
Banco de Credito del Peru SA 3.25%, 09/30/2031^(a)			510		482,588
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand 5.375%, 04/17/2025^(a)			450		449,843
Banco Santander SA 1.85%, 03/25/2026			600		576,903
4.175%, 03/24/2028			17,200		17,047,464
4.38%, 04/12/2028			400		398,682
5.365%, 07/15/2028			200		204,826
6.92%, 08/08/2033			600		664,627
9.625%, 05/21/2033^(d)			200		235,553
Series E 1.00%, 11/04/2031^(a)	EUR		700		672,156
3.50%, 01/09/2030^(a)			300		340,518
5.75%, 08/23/2033^(a)			7,000		8,301,086



4 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Bangkok Bank PCL/Hong Kong 5.65%, 07/05/2034^(a)	U.S.$		370	$	388,067
9.025%, 03/15/2029^(a)			440		512,235
Bank Hapoalim BM 3.255%, 01/21/2032^(a)			257		237,692
Bank Leumi Le-Israel BM 3.275%, 01/29/2031^(a)			290		275,124
7.13%, 07/18/2033^(a)			410		410,176
Bank Mandiri Persero Tbk PT Series E 4.75%, 05/13/2025^(a)			320		319,200
Bank of America Corp. 1.73%, 07/22/2027			614		586,234
3.38%, 04/02/2026			68		67,457
3.56%, 04/23/2027			169		166,956
3.85%, 03/08/2037			240		221,655
3.97%, 03/05/2029			560		553,352
3.97%, 02/07/2030			97		95,271
Series B 8.05%, 06/15/2027			930		1,007,734
Series E 0.65%, 10/26/2031^(a)	EUR		11,752		11,243,316
0.69%, 03/22/2031^(a)			3,894		3,790,694
1.10%, 05/24/2032^(a)			115		111,375
3.65%, 03/31/2029^(a)			5,885		6,700,467
4.13%, 06/12/2028^(a)			305		353,003
Bank of East Asia Ltd. (The) Series E 6.75%, 03/15/2027^(a)	U.S.$		250		254,980
Bank of Ireland Group PLC 5.60%, 03/20/2030^(a)			3,110		3,225,020
6.25%, 09/16/2026^(a)			200		202,637
Series E 0.375%, 05/10/2027^(a)	EUR		6,478		6,926,361
4.625%, 11/13/2029^(a)			1,944		2,281,745
Bank of New York Mellon Corp. (The) 3.44%, 02/07/2028	U.S.$		674		663,393
3.99%, 06/13/2028			201		200,050
4.89%, 07/21/2028			133		135,452
Bank of Nova Scotia (The) Series E 0.125%, 09/04/2026^(a)	EUR		531		561,919
Banque Federative du Credit Mutuel SA 3.875%, 06/16/2032^(a)			9,800		10,950,509
4.935%, 01/26/2026^(a)	U.S.$		10,579		10,661,998
Series E 0.625%, 11/19/2027^(a)	EUR		100		103,339
0.625%, 11/03/2028^(a)			300		302,135



abfunds.com		AB GLOBAL BOND FUND ^\| 5

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

0.625%, 02/21/2031^(a)	EUR		300	$	281,122
1.125%, 01/19/2032^(a)			300		283,169
4.00%, 01/26/2033^(a)			200		230,141
Barclays PLC 5.09%, 06/20/2030	U.S.$		812		815,466
5.20%, 05/12/2026			578		582,051
5.335%, 09/10/2035			346		350,066
6.22%, 05/09/2034			200		215,394
6.375%, 12/15/2025^(a)(d)	GBP		9,126		12,107,626
7.12%, 06/27/2034	U.S.$		400		445,641
Series E 4.92%, 08/08/2030^(a)	EUR		422		502,346
5.26%, 01/29/2034^(a)			5,032		6,193,923
8.41%, 11/14/2032^(a)	GBP		5,875		8,390,035
BBVA Bancomer SA/Texas 1.875%, 09/18/2025^(a)	U.S.$		600		583,566
5.25%, 09/10/2029^(a)			290		294,350
BDO Unibank, Inc. Series E 2.125%, 01/13/2026^(a)			240		231,750
BNP Paribas SA Series E 0.50%, 02/19/2028^(a)	EUR		300		314,107
2.75%, 07/25/2028^(a)			500		550,751
4.04%, 01/10/2032^(a)			200		229,325
4.75%, 11/13/2032^(a)			2,500		2,986,562
BPCE SA 2.28%, 01/20/2032^(a)	U.S.$		3,660		3,114,293
3.12%, 10/19/2032^(a)			10,473		9,041,255
4.50%, 03/15/2025^(a)			8,251		8,204,993
4.625%, 03/02/2030^(a)	EUR		200		233,676
6.51%, 01/18/2035^(a)	U.S.$		699		736,991
Series E 0.75%, 03/03/2031^(a)	EUR		400		377,010
4.125%, 07/10/2028^(a)			400		464,196
4.125%, 03/08/2033^(a)			100		114,683
4.50%, 01/13/2033^(a)			200		236,213
CaixaBank SA 6.04%, 06/15/2035^(a)	U.S.$		379		402,676
6.21%, 01/18/2029^(a)			10,380		10,873,615
6.84%, 09/13/2034^(a)			5,190		5,788,486
Series E 1.50%, 12/03/2026^(a)	GBP		200		256,257
Canadian Imperial Bank of Commerce 4.51%, 09/11/2027	U.S.$		884		888,558
4.63%, 09/11/2030			685		689,632
Capital One Financial Corp. 2.36%, 07/29/2032			762		623,691



6 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

5.46%, 07/26/2030	U.S.$		453	$	464,884
5.82%, 02/01/2034			171		177,991
5.88%, 07/26/2035			133		139,178
6.05%, 02/01/2035			333		352,621
6.38%, 06/08/2034			4,800		5,186,476
CBQ Finance Ltd. Series E 2.00%, 05/12/2026^(a)			450		430,875
Ceska sporitelna AS Series E 5.74%, 03/08/2028^(a)	EUR		100		115,784
5.94%, 06/29/2027^(a)			400		460,844
Citigroup, Inc. 3.67%, 07/24/2028	U.S.$		345		338,853
3.75%, 05/14/2032^(a)	EUR		654		743,696
3.98%, 03/20/2030	U.S.$		304		297,760
4.11%, 09/22/2033^(a)	EUR		298		345,969
4.54%, 09/19/2030	U.S.$		4,468		4,473,804
5.45%, 06/11/2035			131		136,710
5.83%, 02/13/2035			282		294,267
5.88% (SOFR + 0.69%), 01/25/2026^(e)			838		838,176
Series AA 7.625%, 11/15/2028^(d)			1,138		1,218,679
Series E 0.50%, 10/08/2027^(a)	EUR		134		142,125
Series P 5.95%, 05/15/2025^(d)	U.S.$		2,793		2,793,235
Series W 4.00%, 12/10/2025^(d)			232		227,409
Series Y 4.15%, 11/15/2026^(d)			7,121		6,825,170
Citizens Financial Group, Inc. 5.72%, 07/23/2032			244		253,435
5.84%, 01/23/2030			129		134,193
Comerica, Inc. 5.98%, 01/30/2030			129		132,955
Commerzbank AG Series E 4.625%, 01/17/2031^(a)	EUR		9,500		11,142,249
Commonwealth Bank of Australia 5.65% (SOFR + 0.74%), 03/14/2025^(a)(e)	U.S.$		5,150		5,156,503
Cooperatieve Rabobank UA 4.375%, 06/29/2027^(a)(d)	EUR		200		217,043
Series E 4.625%, 05/23/2029^(a)	GBP		9,255		12,091,143



abfunds.com		AB GLOBAL BOND FUND ^\| 7

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Credit Agricole SA 2.625%, 03/17/2027^(a)	EUR		256	$	281,821
5.13%, 03/11/2027^(a)	U.S.$		393		401,387
Series E 0.875%, 01/14/2032^(a)	EUR		800		747,673
Credit Mutuel Arkea SA Series E 0.75%, 01/18/2030^(a)			300		296,654
4.25%, 12/01/2032^(a)			200		235,717
Danske Bank A/S 1.62%, 09/11/2026^(a)	U.S.$		441		427,868
3.24%, 12/20/2025^(a)			3,465		3,446,891
4.61%, 10/02/2030^(a)			5,476		5,478,578
5.43%, 03/01/2028^(a)			245		251,212
DBS Group Holdings Ltd.
Series G 3.30%, 02/27/2025^(a)(d)			240		237,750
Deutsche Bank AG 3.25%, 05/24/2028^(a)	EUR		9,600		10,696,975
5.375%, 01/11/2029^(a)			2,600		3,076,657
Series E 1.625%, 01/20/2027^(a)			100		107,700
1.75%, 11/19/2030^(a)			500		508,476
4.125%, 04/04/2030^(a)			3,100		3,537,995
Deutsche Bank AG/New York NY 3.73%, 01/14/2032	U.S.$		707		635,156
5.00%, 09/11/2030			363		365,384
6.82%, 11/20/2029			150		161,369
7.08%, 02/10/2034			498		537,123
Deutsche Pfandbriefbank AG Series E 4.375%, 08/28/2026^(a)	EUR		100		111,050
Discover Financial Services 7.96%, 11/02/2034	U.S.$		529		621,226
DNB Bank ASA 5.90%, 10/09/2026^(a)			616		624,221
Doha Finance Ltd. Series E 2.375%, 03/31/2026^(a)			300		289,059
Erste Group Bank AG 4.25%, 10/15/2027^(a)(d)	EUR		200		208,848
Fifth Third Bancorp 5.63%, 01/29/2032	U.S.$		20		20,883
Fifth Third Bank NA 3.85%, 03/15/2026			591		584,932
First Abu Dhabi Bank PJSC 4.50%, 04/05/2026^(a)(d)			480		472,200



8 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Ford Credit Canada Co./Canada 6.38%, 11/10/2028	CAD		12,312	$	9,726,468
Goldman Sachs Bank USA/New York NY 5.28%, 03/18/2027	U.S.$		131		132,705
5.41%, 05/21/2027			462		469,503
Goldman Sachs Group, Inc. (The) 1.43%, 03/09/2027			661		632,450
3.615%, 03/15/2028			32		31,484
3.81%, 04/23/2029			307		300,961
5.05%, 07/23/2030			204		209,286
5.33%, 07/23/2035			133		137,819
Series E 0.875%, 05/09/2029^(a)	EUR		11,489		11,614,110
Series P 8.24% (CME Term SOFR 3 Month + 3.14%), 10/21/2024^(d)(e)	U.S.$		4,168		4,171,391
Series VAR 1.09%, 12/09/2026			690		661,952
HSBC Holdings PLC 0.64%, 09/24/2029^(a)	EUR		129		130,201
0.77%, 11/13/2031^(a)			420		403,681
2.01%, 09/22/2028	U.S.$		327		305,162
2.85%, 06/04/2031			244		222,261
4.755%, 06/09/2028			9,696		9,764,722
5.55%, 03/04/2030			4,783		4,967,966
5.73%, 05/17/2032			250		263,328
5.89%, 08/14/2027			4,680		4,809,837
6.36%, 11/16/2032^(a)	EUR		8,812		10,587,884
6.50%, 09/15/2037	U.S.$		103		112,936
6.55%, 06/20/2034			413		452,796
7.39%, 11/03/2028			200		216,613
7.40%, 11/13/2034			519		595,831
8.11%, 11/03/2033			656		781,002
Huntington National Bank (The) 4.55%, 05/17/2028			627		627,371
ING Groep NV 0.25%, 02/18/2029^(a)	EUR		300		303,284
0.375%, 09/29/2028^(a)			300		308,819
1.75%, 02/16/2031^(a)			100		103,126
4.125%, 08/24/2033^(a)			100		112,984
4.50%, 05/23/2029^(a)			100		116,353
5.25%, 11/14/2033^(a)			200		250,240
Series E 2.125%, 05/26/2031^(a)			200		217,892



abfunds.com		AB GLOBAL BOND FUND ^\| 9

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Intercorp Peru Ltd. 3.875%, 08/15/2029^(a)	U.S.$		370	$	344,563
Intesa Sanpaolo SpA 3.875%, 07/14/2027^(a)			200		196,349
5.71%, 01/15/2026^(a)			5,580		5,623,239
6.625%, 06/20/2033^(a)			4,109		4,502,459
7.20%, 11/28/2033^(a)			2,683		3,054,651
7.80%, 11/28/2053^(a)			333		398,983
Israel Discount Bank Ltd. 5.375%, 01/26/2028^(a)			200		199,930
JPMorgan Chase & Co. 1.04%, 02/04/2027			697		666,250
1.045%, 11/19/2026			699		671,927
2.95%, 02/24/2028			720		698,280
3.51%, 01/23/2029			235		229,451
3.96%, 01/29/2027			600		596,523
4.98%, 07/22/2028			274		279,278
5.77%, 04/22/2035			600		646,071
5.94% (SOFR + 0.92%), 02/24/2026^(e)			4,649		4,657,788
6.25%, 10/23/2034			120		133,457
Series E 1.00%, 07/25/2031^(a)	EUR		307		303,578
1.96%, 03/23/2030^(a)			189		200,698
4.46%, 11/13/2031^(a)			13,850		16,493,577
Jyske Bank A/S Series E 0.05%, 09/02/2026^(a)			170		183,861
KBC Group NV 5.80%, 01/19/2029^(a)	U.S.$		300		311,293
Series E 0.125%, 01/14/2029^(a)	EUR		300		304,633
4.375%, 11/23/2027^(a)			100		114,609
KEB Hana Bank 1.25%, 12/16/2026^(a)	U.S.$		200		187,484
Kookmin Bank 2.50%, 11/04/2030^(a)			610		533,941
Lloyds Banking Group PLC 3.75%, 03/18/2028			285		280,841
5.72%, 06/05/2030			200		209,664
7.50%, 09/27/2025^(d)			2,412		2,438,124
Series E 3.125%, 08/24/2030^(a)	EUR		465		515,965
4.75%, 09/21/2031^(a)			2,397		2,870,292
M&T Bank Corp. 6.08%, 03/13/2032	U.S.$		622		657,787
7.41%, 10/30/2029			585		640,681



10 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Macquarie Group Ltd. 0.35%, 03/03/2028^(a)	EUR		555	$	564,658
1.34%, 01/12/2027^(a)	U.S.$		324		310,778
Metropolitan Bank & Trust Co. Series E 5.50%, 03/06/2034^(a)			200		207,188
Mitsubishi UFJ Financial Group, Inc. 5.35%, 09/13/2028			200		206,001
Series E 4.64%, 06/07/2031^(a)	EUR		240		286,015
Mizuho Financial Group, Inc. 2.20%, 07/10/2031	U.S.$		10,410		9,148,132
2.87%, 09/13/2030			1,886		1,744,154
4.25%, 09/11/2029			644		639,057
4.35%, 10/20/2025^(a)			325		323,084
5.38%, 07/10/2030			288		298,821
Series E 0.18%, 04/13/2026^(a)	EUR		528		564,578
4.61%, 08/28/2030^(a)			200		238,554
Morgan Stanley 0.495%, 10/26/2029			280		281,230
3.59%, 07/22/2028^(f)	U.S.$		513		502,502
3.79%, 03/21/2030	EUR		247		282,200
4.66%, 03/02/2029			10,875		12,724,203
4.68%, 07/17/2026	U.S.$		152		151,820
5.65%, 04/13/2028			117		120,799
5.83%, 04/19/2035			127		136,365
6.14%, 10/16/2026			564		572,989
6.63%, 11/01/2034			118		133,533
Series G 5.15%, 01/25/2034	EUR		8,187		10,189,087
Morgan Stanley Bank NA 5.50%, 05/26/2028	U.S.$		250		257,856
National Bank of Canada Series E 3.75%, 01/25/2028^(a)	EUR		248		282,181
National Bank of Greece SA Series G 4.50%, 01/29/2029^(a)			193		220,898
Nationwide Building Society 2.97%, 02/16/2028^(a)	U.S.$		4,664		4,499,449
6.35% (SOFR + 1.29%), 02/16/2028^(a)(e)			290		291,431
6.56%, 10/18/2027^(a)			307		319,773
NatWest Group PLC 3.03%, 11/28/2035			414		368,693
3.62%, 08/14/2030^(a)	GBP		105		138,480



abfunds.com		AB GLOBAL BOND FUND ^\| 11

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

4.96%, 08/15/2030	U.S.$		295	$	299,668
6.475%, 06/01/2034			298		313,685
8.125%, 11/10/2033^(d)			2,652		2,897,144
Series E 5.76%, 02/28/2034^(a)	EUR		7,135		8,518,624
NatWest Markets PLC Series E 0.125%, 11/12/2025^(a)			105		113,198
0.125%, 06/18/2026^(a)			534		568,934
NBK Tier 1 Financing 2 Ltd. 4.50%, 08/27/2025^(a)(d)	U.S.$		290		285,106
NIBC Bank NV Series E 0.25%, 09/09/2026^(a)	EUR		300		316,402
Nordea Bank Abp 6.625%, 03/26/2026^(a)(d)	U.S.$		200		202,041
Series E 4.375%, 09/06/2026^(a)	EUR		100		112,552
Nykredit Realkredit AS Series E 0.375%, 01/17/2028^(a)			281		285,913
PNC Financial Services Group, Inc. (The) 4.76%, 01/26/2027	U.S.$		666		668,659
5.40%, 07/23/2035			668		696,787
5.68%, 01/22/2035			267		283,172
6.615%, 10/20/2027			119		124,365
QIB Sukuk Ltd. 1.95%, 10/27/2025^(a)			300		291,094
QNB Finance Ltd. Series E 1.375%, 01/26/2026^(a)			510		488,009
1.625%, 09/22/2025^(a)			200		193,740
2.75%, 02/12/2027^(a)			240		230,899
Raiffeisen Bank International AG Series E 0.05%, 09/01/2027^(a)	EUR		600		611,914
Royal Bank of Canada Series E 4.375%, 10/02/2030^(a)			235		280,528
Series G 4.65%, 01/27/2026	U.S.$		594		595,242
5.07%, 07/23/2027			340		345,281
Santander Holdings USA, Inc. 6.17%, 01/09/2030			3,469		3,619,448
Santander UK Group Holdings PLC 2.47%, 01/11/2028			450		428,434
4.86%, 09/11/2030			2,946		2,971,507
6.83%, 11/21/2026			9,942		10,155,396



12 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Shinhan Bank Co., Ltd. 4.00%, 04/23/2029^(a)	U.S.$		760	$	733,163
Series G 4.50%, 03/26/2028^(a)			200		197,875
Shinhan Financial Group Co., Ltd. 3.34%, 02/05/2030^(a)			540		536,031
Societe Generale SA 0.625%, 12/02/2027^(a)	EUR		300		315,594
4.75%, 11/24/2025^(a)	U.S.$		581		577,632
4.875%, 11/21/2031^(a)	EUR		500		588,424
5.52%, 01/19/2028^(a)	U.S.$		282		286,020
Series E 0.125%, 02/18/2028^(a)	EUR		600		606,977
Standard Chartered PLC 1.46%, 01/14/2027^(a)	U.S.$		300		287,518
2.61%, 01/12/2028^(a)			12,199		11,646,464
4.87%, 03/15/2033^(a)			580		575,471
6.17%, 01/09/2027^(a)			349		355,313
6.30%, 01/09/2029^(a)			210		220,780
7.03% (CME Term SOFR 3 Month + 1.51%), 01/30/2027^(a)(d)(e)			8,000		7,670,401
7.77%, 11/16/2028^(a)			279		304,592
Series E 1.625%, 10/03/2027^(a)	EUR		222		240,497
State Street Corp. 4.53%, 02/20/2029	U.S.$		136		137,270
Sumitomo Mitsui Financial Group, Inc. 1.40%, 09/17/2026			597		565,969
1.55%, 06/15/2026^(a)	EUR		499		543,718
3.45%, 01/11/2027	U.S.$		625		615,233
5.32%, 07/09/2029			762		793,015
5.42%, 07/09/2031			14,001		14,690,594
5.88%, 07/13/2026			581		597,329
Series E 0.63%, 10/23/2029^(a)	EUR		110		108,133
Sumitomo Mitsui Trust Bank Ltd. 4.45%, 09/10/2027^(a)	U.S.$		1,314		1,322,059
Svenska Handelsbanken AB Series E 4.625%, 08/23/2032^(a)	GBP		6,655		8,694,225
Swedbank AB 6.21% (SOFR + 0.91%), 04/04/2025^(a)(e)	U.S.$		1,070		1,072,612
Sydbank AS Series G 5.125%, 09/06/2028^(a)	EUR		100		117,534



abfunds.com		AB GLOBAL BOND FUND ^\| 13

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Synchrony Financial 3.95%, 12/01/2027	U.S.$		376	$	365,129
5.935%, 08/02/2030			256		263,157
Toronto-Dominion Bank (The) 5.15%, 09/10/2034			173		175,036
Series E 3.13%, 08/03/2032^(a)	EUR		100		109,987
3.63%, 12/13/2029^(a)			250		285,503
Truist Bank 3.30%, 05/15/2026	U.S.$		611		600,069
3.80%, 10/30/2026			623		616,035
Truist Financial Corp. 7.16%, 10/30/2029			471		516,551
UBS AG/London Series E 0.25%, 01/05/2026^(a)	EUR		531		571,443
UBS Group AG 1.305%, 02/02/2027^(a)	U.S.$		581		555,610
3.13%, 08/13/2030^(a)			295		276,247
4.125%, 09/24/2025^(a)			496		494,377
4.125%, 06/09/2033^(a)	EUR		200		232,039
4.19%, 04/01/2031^(a)	U.S.$		2,312		2,257,323
5.125%, 07/29/2026^(a)(d)			200		196,254
5.62%, 09/13/2030^(a)			200		209,204
6.68% (SOFR + 1.58%), 05/12/2026^(a)(e)			17,565		17,676,573
7.75%, 03/01/2029^(a)	EUR		3,309		4,216,497
9.25%, 11/13/2028^(a)(d)	U.S.$		1,652		1,827,525
Series E 1.00%, 06/24/2027^(a)	EUR		215		231,204
3.125%, 06/15/2030^(a)			254		282,010
4.625%, 03/17/2028^(a)			5,178		5,972,075
4.75%, 03/17/2032^(a)			330		395,107
UniCredit SpA 1.98%, 06/03/2027^(a)	U.S.$		619		591,964
2.57%, 09/22/2026^(a)			405		395,906
Series E 4.30%, 01/23/2031^(a)	EUR		294		340,774
United Overseas Bank Ltd. 2.00%, 10/14/2031^(a)	U.S.$		200		189,416
Series G 1.75%, 03/16/2031^(a)			250		239,453
US Bancorp 5.10%, 07/23/2030			107		110,104
Virgin Money UK PLC Series G 4.625%, 10/29/2028^(a)	EUR		100		116,070
5.125%, 12/11/2030^(a)	GBP		135		179,197



14 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Visa, Inc. 3.65%, 09/15/2047	U.S.$		336	$	280,922
Wells Fargo & Co. 2.39%, 06/02/2028			200		190,160
5.08%, 04/26/2028	CAD		5,045		3,856,843
5.71%, 04/22/2028	U.S.$		666		687,830
Series E 1.74%, 05/04/2030^(a)	EUR		10,434		10,910,548
3.90%, 07/22/2032^(a)			2,390		2,731,415
Westpac Banking Corp. Series G 4.32%, 11/23/2031	U.S.$		185		183,753
Woori Bank 5.125%, 08/06/2028^(a)			210		211,640
6.375%, 07/24/2029^(a)(d)			230		235,750
Yorkshire Building Society Series E 0.50%, 07/01/2028^(a)	EUR		553		561,251

					597,470,729

Brokerage – 0.2%
abrdn PLC 4.25%, 06/30/2028^(a)	U.S.$		866		826,665
BlackRock Funding, Inc. 5.35%, 01/08/2055			134		140,841
Blue Owl Finance LLC 6.25%, 04/18/2034^(a)			128		134,023
Charles Schwab Corp. (The) 5.61% (SOFR + 0.52%), 05/13/2026^(e)			5,465		5,464,518
China Great Wall International Holdings V Ltd. 2.875%, 11/23/2026^(a)			400		379,000
Clearstream Banking AG Zero Coupon, 12/01/2025^(a)	EUR		200		215,147
Jefferies Financial Group, Inc. 6.20%, 04/14/2034	U.S.$		128		137,044
Nomura Holdings, Inc. 1.85%, 07/16/2025			5,405		5,281,986
5.59%, 07/02/2027			656		674,385
5.71%, 01/09/2026			221		223,956
5.78%, 07/03/2034			200		210,043

					13,687,608

Finance – 0.6%
3i Group PLC 4.875%, 06/14/2029^(a)	EUR		465		549,373



abfunds.com		AB GLOBAL BOND FUND ^\| 15

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Air Lease Corp. 5.40%, 06/01/2028	CAD		6,005	$	4,647,875
Aircastle Ltd. 5.25%, 06/15/2026^(a)(d)	U.S.$		185		183,670
5.95%, 02/15/2029^(a)			31		32,100
Apollo Debt Solutions BDC 6.70%, 07/29/2031^(a)			664		683,256
6.90%, 04/13/2029^(a)			666		692,290
Aviation Capital Group LLC 1.95%, 01/30/2026^(a)			415		399,771
1.95%, 09/20/2026^(a)			1,590		1,506,017
3.50%, 11/01/2027^(a)			911		878,964
4.125%, 08/01/2025^(a)			23		22,847
4.875%, 10/01/2025^(a)			926		924,800
5.50%, 12/15/2024^(a)			5,268		5,262,312
Blackstone Private Credit Fund 4.95%, 09/26/2027^(a)			139		137,750
5.25%, 04/01/2030^(a)			139		136,940
5.95%, 07/16/2029^(a)			130		132,302
Blackstone Secured Lending Fund 5.875%, 11/15/2027			129		131,170
Blue Owl Credit Income Corp. 5.80%, 03/15/2030^(a)			668		661,755
6.65%, 03/15/2031			129		131,889
7.75%, 09/16/2027			274		288,532
7.75%, 01/15/2029			617		658,386
Blue Owl Technology Finance Corp. 2.50%, 01/15/2027			288		268,418
BOC Aviation Ltd. 3.875%, 04/27/2026^(a)			620		614,804
Brookfield Finance, Inc. 5.675%, 01/15/2035			132		138,429
6.35%, 01/05/2034			123		135,360
CCBL Cayman 1 Corp., Ltd. Series E 1.80%, 07/22/2026^(a)			400		381,744
CDBL Funding 1 Series E 3.50%, 10/24/2027^(a)			230		224,466
CIMIC Finance Ltd. Series G 1.50%, 05/28/2029^(a)	EUR		299		296,689
Credicorp Capital Sociedad Titulizadora SA 10.10%, 12/15/2043^(a)	PEN		22,925		6,290,251
FS KKR Capital Corp. 3.125%, 10/12/2028	U.S.$		81		73,572
6.875%, 08/15/2029			645		671,208



16 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Golub Capital BDC, Inc. 6.00%, 07/15/2029	U.S.$		129	$	131,149
HAT Holdings I LLC/HAT Holdings II LLC 3.375%, 06/15/2026^(a)			654		633,695
HPS Corporate Lending Fund 6.25%, 09/30/2029^(a)			130		132,336
Huarong Finance 2017 Co., Ltd. Series E 4.25%, 11/07/2027^(a)			530		508,800
Huarong Finance 2019 Co., Ltd. Series E 3.25%, 11/13/2024^(a)			260		258,903
4.50%, 05/29/2029^(a)			200		191,000
Huarong Finance II Co., Ltd. Series E 4.625%, 06/03/2026^(a)			213		209,605
Intercorp Financial Services, Inc. 4.125%, 10/19/2027^(a)			840		812,175
Intermediate Capital Group PLC 2.50%, 01/28/2030^(a)	EUR		277		286,544
JAB Holdings BV 5.00%, 06/12/2033^(a)			100		120,982
Macquarie Airfinance Holdings Ltd. 5.15%, 03/17/2030^(a)	U.S.$		138		138,405
Main Street Capital Corp. 6.50%, 06/04/2027			650		664,573
Oaktree Strategic Credit Fund 6.50%, 07/23/2029^(a)			665		675,119
Power Finance Corp., Ltd. Series G 3.35%, 05/16/2031^(a)			360		327,150
Prospect Capital Corp. 3.36%, 11/15/2026			359		334,399
REC Ltd. 5.625%, 04/11/2028^(a)			200		205,438
Sixth Street Lending Partners 5.75%, 01/15/2030^(a)			691		688,622
6.50%, 03/11/2029^(a)			653		669,560
Tikehau Capital SCA 6.625%, 03/14/2030^(a)	EUR		100		125,076
Wendel SE 4.50%, 06/19/2030^(a)			400		467,116

					34,737,587

Insurance – 0.9%
Aegon Ltd. 5.50%, 04/11/2048	U.S.$		780		778,564



abfunds.com		AB GLOBAL BOND FUND ^\| 17

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

AIA Group Ltd. 4.95%, 04/04/2033^(a)	U.S.$		240	$	245,400
4.95%, 03/30/2035^(a)			250		249,535
Allianz SE 5.82%, 07/25/2053^(a)	EUR		100		125,713
Series E 4.25%, 07/05/2052^(a)			200		228,197
American International Group, Inc. Series A-9 5.75%, 04/01/2048	U.S.$		310		311,373
Argentum Netherlands BV for Swiss Re Ltd. 5.75%, 08/15/2050^(a)			365		365,530
Argentum Netherlands BV for Zurich Insurance Co., Ltd. 2.75%, 02/19/2049^(a)	EUR		264		284,948
Series E 3.50%, 10/01/2046^(a)			155		173,026
Athene Global Funding 1.985%, 08/19/2028^(a)	U.S.$		3,086		2,802,457
2.55%, 11/19/2030^(a)			22		19,380
2.72%, 01/07/2029^(a)			56		51,751
5.35%, 07/09/2027^(a)			132		134,869
5.53%, 07/11/2031^(a)			12,743		13,096,152
5.58%, 01/09/2029^(a)			15		15,527
5.62%, 05/08/2026^(a)			473		480,405
Series E 0.37%, 09/10/2026^(a)	EUR		107		113,190
0.83%, 01/08/2027^(a)			530		561,180
Athene Holding Ltd. 6.25%, 04/01/2054	U.S.$		129		137,211
Aviva PLC 4.00%, 06/03/2055^(a)	GBP		135		150,467
AXA SA Series E 1.875%, 07/10/2042^(a)	EUR		301		289,763
3.25%, 05/28/2049^(a)			199		218,963
Berkshire Hathaway, Inc. 2.15%, 03/15/2028			280		306,575
Cigna Group (The) 1.25%, 03/15/2026	U.S.$		294		281,362
4.375%, 10/15/2028			7		7,027
4.80%, 08/15/2038			568		552,751
4.80%, 07/15/2046			193		180,576
4.90%, 12/15/2048			656		617,627



18 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Cloverie PLC for Zurich Insurance Co., Ltd. Series E 5.625%, 06/24/2046^(a)	U.S.$		1,089	$	1,095,155
CNO Global Funding 4.95%, 09/09/2029^(a)			137		137,595
5.875%, 06/04/2027^(a)			645		664,605
Credit Agricole Assurances SA 4.75%, 09/27/2048^(a)	EUR		8,900		10,247,144
Elevance Health, Inc. 5.15%, 06/15/2029	U.S.$		86		89,198
5.375%, 06/15/2034			652		685,131
5.65%, 06/15/2054			130		137,248
Generali Series E 5.00%, 06/08/2048^(a)	EUR		167		194,367
5.50%, 10/27/2047^(a)			238		279,439
Global Atlantic Fin Co. 7.95%, 06/15/2033^(a)	U.S.$		557		636,163
Guardian Life Global Funding 4.18%, 09/26/2029^(a)			139		138,596
Health Care Service Corp. A Mutual Legal Reserve Co. 5.875%, 06/15/2054^(a)			657		694,214
Jackson National Life Global Funding 4.60%, 10/01/2029^(a)			696		693,342
Met Tower Global Funding 4.00%, 10/01/2027^(a)			696		695,226
MetLife Capital Trust IV 7.875%, 12/15/2037^(a)			110		122,894
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 1.25%, 05/26/2041^(a)	EUR		100		96,379
New York Life Global Funding 3.90%, 10/01/2027^(a)	U.S.$		139		138,692
New York Life Insurance Co. 4.45%, 05/15/2069^(a)			80		69,583
NN Group NV Series E 4.625%, 01/13/2048^(a)	EUR		129		147,771
Pacific Life Global Funding II 4.50%, 08/28/2029^(a)	U.S.$		137		138,492
Phoenix Group Holdings PLC Series E 4.375%, 01/24/2029^(a)	EUR		252		288,236
Principal Life Global Funding II 4.60%, 08/19/2027^(a)	U.S.$		186		188,536
5.10%, 01/25/2029^(a)			198		204,006



abfunds.com		AB GLOBAL BOND FUND ^\| 19

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Prudential Financial, Inc. 4.50%, 09/15/2047	U.S.$		677	$	666,685
QBE Insurance Group Ltd. 5.875%, 05/12/2025^(a)(d)			325		324,698
RGA Global Funding 5.45%, 05/24/2029^(a)			130		135,318
Sammons Financial Group, Inc. 4.75%, 04/08/2032^(a)			129		121,254
6.875%, 04/15/2034^(a)			131		140,202
Sogecap SA 6.50%, 05/16/2044^(a)	EUR		200		246,331
UnitedHealth Group, Inc. 3.875%, 08/15/2059	U.S.$		325		258,138
4.90%, 04/15/2031			378		390,967
4.95%, 05/15/2062			481		464,695
5.375%, 04/15/2054			129		133,878
5.50%, 04/15/2064			129		134,844
5.625%, 07/15/2054			133		142,608
5.75%, 07/15/2064			8,877		9,582,768
6.05%, 02/15/2063			111		125,366
Unum Group 6.00%, 06/15/2054			131		136,412

					53,565,695

Other Finance – 0.1%
Blackstone Private Credit Fund 1.75%, 11/30/2026^(a)	EUR		270		287,040
China Cinda 2020 I Management Ltd. Series E 3.00%, 01/20/2031^(a)	U.S.$		510		449,162
3.25%, 01/28/2027^(a)			350		337,824
Digital Dutch Finco BV 1.50%, 03/15/2030^(a)	EUR		2,879		2,895,824
Equinix Europe 2 Financing Corp. LLC 3.65%, 09/03/2033			270		300,841

					4,270,691

REITs – 0.7%
American Homes 4 Rent LP 5.50%, 07/15/2034	U.S.$		658		680,209
American Tower Corp. 0.50%, 01/15/2028	EUR		196		200,949
0.875%, 05/21/2029			16,895		16,995,886
3.90%, 05/16/2030			112		128,560
Series E 4.10%, 05/16/2034			200		230,443
Annington Funding PLC Series E 3.18%, 07/12/2029^(a)	GBP		3,334		4,025,411



20 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Aroundtown SA Series E 0.375%, 04/15/2027^(a)	EUR		100	$	101,854
Boston Properties LP 2.75%, 10/01/2026	U.S.$		642		618,810
3.65%, 02/01/2026			688		677,986
5.75%, 01/15/2035			136		138,710
CBRE Services, Inc. 5.50%, 04/01/2029			643		670,659
5.95%, 08/15/2034			513		550,711
Covivio SA/France Series E 4.625%, 06/05/2032^(a)	EUR		200		233,719
Digital Dutch Finco BV 1.25%, 02/01/2031^(a)			5,903		5,697,725
Digital Intrepid Holding BV 0.625%, 07/15/2031^(a)			330		300,756
Equinix, Inc. 1.00%, 03/15/2033			501		460,380
Essential Properties LP 2.95%, 07/15/2031	U.S.$		260		226,308
GLP Capital LP/GLP Financing II, Inc. 4.00%, 01/15/2030			260		247,715
5.625%, 09/15/2034			292		298,467
Heimstaden Bostad AB Series E 1.125%, 01/21/2026^(a)	EUR		203		216,043
Host Hotels & Resorts LP 5.50%, 04/15/2035	U.S.$		295		298,821
Indigo Group SAS 4.50%, 04/18/2030^(a)	EUR		200		233,588
Invitation Homes Operating Partnership LP 4.875%, 02/01/2035	U.S.$		139		137,196
Kimco Realty OP LLC 4.85%, 03/01/2035			139		137,914
Newmark Group, Inc. 7.50%, 01/12/2029			141		152,332
Omega Healthcare Investors, Inc. 3.375%, 02/01/2031			185		168,321
Piedmont Operating Partnership LP 6.875%, 07/15/2029			131		137,756
Praemia Healthcare SACA 0.875%, 11/04/2029^(a)	EUR		300		291,526
Prologis Euro Finance LLC 0.375%, 02/06/2028			145		148,695
Series E 1.00%, 02/08/2029			220		224,772



abfunds.com		AB GLOBAL BOND FUND ^\| 21

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Realty Income Corp. 5.00%, 10/15/2029	GBP		227	$	301,891
5.25%, 09/04/2041			115		147,904
Scentre Group Trust 1/Scentre Group Trust 2 Series E 1.75%, 04/11/2028^(a)	EUR		269		286,039
Segro Capital SARL Series E 1.25%, 03/23/2026^(a)			100		108,398
Simon Property Group LP 4.75%, 09/26/2034	U.S.$		315		312,344
Sirius Real Estate Ltd. 1.125%, 06/22/2026^(a)	EUR		200		213,571
Stockland Trust Series E 1.625%, 04/27/2026^(a)			100		107,945
Tritax EuroBox PLC 0.95%, 06/02/2026^(a)			269		287,770
Trust Fibra Uno 4.87%, 01/15/2030^(a)	U.S.$		700		649,250
5.25%, 01/30/2026^(a)			285		283,729
6.39%, 01/15/2050^(a)			205		171,880
7.375%, 02/13/2034^(a)			236		241,900
Unibail-Rodamco-Westfield SE Series E 1.375%, 12/04/2031^(a)	EUR		300		288,742
Vicinity Centres Trust Series E 1.125%, 11/07/2029^(a)			288		285,644
WEA Finance LLC 2.875%, 01/15/2027^(a)	U.S.$		701		670,866
3.50%, 06/15/2029^(a)			688		644,501
Wharf REIC Finance BVI Ltd. Series E 2.875%, 05/07/2030^(a)			260		238,712

					39,873,308

					743,605,618

Industrial – 12.0%
Basic – 0.4%
Alpek SAB de CV 3.25%, 02/25/2031^(a)			200		176,500
Amcor Group Finance PLC 5.45%, 05/23/2029			651		674,919
Amcor UK Finance PLC 1.125%, 06/23/2027	EUR		103		109,390



22 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Anglo American Capital PLC 2.625%, 09/10/2030^(a)	U.S.$		320	$	285,053
2.875%, 03/17/2031^(a)			316		281,120
5.75%, 04/05/2034^(a)			200		208,950
Series E 1.625%, 09/18/2025^(a)	EUR		506		555,475
AngloGold Ashanti Holdings PLC 3.375%, 11/01/2028	U.S.$		403		379,827
3.75%, 10/01/2030			208		193,051
Antofagasta PLC 6.25%, 05/02/2034^(a)			230		245,181
BHP Billiton Finance Ltd. Series 17 1.50%, 04/29/2030^(a)	EUR		100		101,989
BHP Billiton Finance USA Ltd. 5.25%, 09/08/2033	U.S.$		572		599,443
Celulosa Arauco y Constitucion SA 5.50%, 04/30/2049^(a)			260		245,167
Dow Chemical Co. (The) 6.90%, 05/15/2053			111		132,771
Ecolab, Inc. 2.70%, 11/01/2026			520		506,791
Freeport Indonesia PT 4.76%, 04/14/2027^(a)			320		321,600
5.315%, 04/14/2032^(a)			204		206,728
Fresnillo PLC 4.25%, 10/02/2050^(a)			240		183,480
Georgia-Pacific LLC 0.95%, 05/15/2026^(a)			660		627,462
Glencore Capital Finance DAC Series E 1.25%, 03/01/2033^(a)	EUR		325		299,645
4.15%, 04/29/2031^(a)			100		114,770
Glencore Funding LLC 5.34%, 04/04/2027^(a)	U.S.$		475		486,787
5.89%, 04/04/2054^(a)			130		136,826
Gold Fields Orogen Holdings BVI Ltd. 6.125%, 05/15/2029^(a)			200		210,000
Industrias Penoles SAB de CV 4.75%, 08/06/2050^(a)			230		184,216
Inversiones CMPC SA 3.00%, 04/06/2031^(a)			210		186,440
6.125%, 02/26/2034^(a)			482		510,339
LG Chem Ltd. 2.375%, 07/07/2031^(a)			310		266,600
LYB International Finance BV 4.875%, 03/15/2044			662		613,928



abfunds.com		AB GLOBAL BOND FUND ^\| 23

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

LYB International Finance II BV 0.875%, 09/17/2026	EUR		214	$	228,716
LYB International Finance III LLC 5.50%, 03/01/2034	U.S.$		286		297,735
MEGlobal BV 2.625%, 04/28/2028^(a)			760		703,475
Nexa Resources SA 6.75%, 04/09/2034^(a)			7,423		7,859,328
Nucor Corp. 4.30%, 05/23/2027			128		128,985
Orbia Advance Corp. SAB de CV 4.00%, 10/04/2027^(a)			200		193,826
POSCO 5.75%, 01/17/2028^(a)			200		207,074
Smurfit Kappa Treasury ULC 1.50%, 09/15/2027^(a)	EUR		265		283,253
Sociedad Quimica y Minera de Chile SA 5.50%, 09/10/2034^(a)	U.S.$		200		199,350
6.50%, 11/07/2033^(a)			250		268,750
Sonoco Products Co. 4.45%, 09/01/2026			140		140,041
4.60%, 09/01/2029			140		139,344
5.00%, 09/01/2034			140		138,095
Southern Copper Corp. 3.875%, 04/23/2025			180		178,648
5.875%, 04/23/2045			170		177,823
7.50%, 07/27/2035			200		237,180
Suzano Austria GmbH 6.00%, 01/15/2029			284		293,088
Series DM3N 3.125%, 01/15/2032			300		260,700

					20,979,859

Capital Goods – 0.5%
AGCO International Holdings BV 0.80%, 10/06/2028^(a)	EUR		341		344,043
Airbus SE Series E 1.625%, 06/09/2030^(a)			396		412,146
Boeing Co. (The) 2.20%, 02/04/2026	U.S.$		970		934,619
2.95%, 02/01/2030			338		302,211
3.25%, 02/01/2028			2,357		2,233,812
3.625%, 02/01/2031			1,713		1,568,977
5.15%, 05/01/2030			1,500		1,503,350
6.30%, 05/01/2029^(a)			3,772		3,967,727
6.53%, 05/01/2034^(a)			5,528		5,930,784



24 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Carrier Global Corp. 4.125%, 05/29/2028	EUR		247	$	285,167
Caterpillar Financial Services Corp. 4.375%, 08/16/2029	U.S.$		674		684,013
4.40%, 10/15/2027			674		682,828
4.45%, 10/16/2026			876		886,375
5.00%, 05/14/2027			332		341,100
CNH Industrial Capital LLC 1.45%, 07/15/2026			205		194,915
CNH Industrial Finance Europe SA Series E 1.625%, 07/03/2029^(a)	EUR		275		284,974
CNH Industrial NV Series E 3.75%, 06/11/2031^(a)			251		283,191
CRH SMW Finance DAC Series E 4.00%, 07/11/2027^(a)			190		217,557
4.25%, 07/11/2035^(a)			129		151,315
Eaton Corp. 4.15%, 03/15/2033	U.S.$		310		306,068
General Dynamics Corp. 3.50%, 04/01/2027			253		250,513
General Electric Co. Series E 4.125%, 09/19/2035^(a)	EUR		243		286,410
Holcim Finance Luxembourg SA Series E 0.625%, 04/06/2030^(a)			295		286,900
John Deere Capital Corp. 4.40%, 09/08/2031	U.S.$		298		300,188
4.90%, 06/11/2027			288		295,186
Johnson Controls International PLC/Tyco Fire & Security Finance SCA 3.00%, 09/15/2028	EUR		256		285,056
KION Group AG Series E 1.625%, 09/24/2025^(a)			300		327,645
Legrand SA 0.625%, 06/24/2028^(a)			500		516,419
Lennox International, Inc. 5.50%, 09/15/2028	U.S.$		609		634,086
Lockheed Martin Corp. 5.90%, 11/15/2063			521		602,202
Metso Oyj Series E 0.875%, 05/26/2028^(a)	EUR		179		183,817
4.875%, 12/07/2027^(a)			186		217,079



abfunds.com		AB GLOBAL BOND FUND ^\| 25

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Nordson Corp. 4.50%, 12/15/2029	U.S.$		137	$	137,510
Regal Rexnord Corp. 6.05%, 04/15/2028			451		468,531
6.30%, 02/15/2030			120		127,784
RTX Corp. 2.15%, 05/18/2030	EUR		752		785,782
Safran SA 0.125%, 03/16/2026^(a)			500		535,410
Schneider Electric SE Series E 0.25%, 03/11/2029^(a)			300		300,203
3.125%, 10/13/2029^(a)			100		112,963
St. Marys Cement, Inc. Canada 5.75%, 04/02/2034^(a)	U.S.$		204		210,094
Textron, Inc. 6.10%, 11/15/2033			120		129,998
UltraTech Cement Ltd. 2.80%, 02/16/2031^(a)			210		184,661
Waste Management, Inc. 4.95%, 07/03/2027			372		382,020

					29,075,629

Communications - Media – 0.6%
Charter Communications Operating LLC/Charter Communications Operating Capital 2.25%, 01/15/2029			121		107,670
5.75%, 04/01/2048			245		213,478
6.48%, 10/23/2045			115		110,796
Comcast Corp. 3.25%, 09/26/2032	EUR		128		143,253
Cox Communications, Inc. 5.45%, 09/01/2034^(a)	U.S.$		1,015		1,024,751
5.70%, 06/15/2033^(a)			63		65,058
Grupo Televisa SAB 4.625%, 01/30/2026			200		196,704
5.00%, 05/13/2045			270		219,459
6.625%, 01/15/2040			350		343,049
Informa PLC Series E 2.125%, 10/06/2025^(a)	EUR		496		545,677
ITV PLC 1.375%, 09/26/2026^(a)			125		134,823
Meta Platforms, Inc. 4.45%, 08/15/2052	U.S.$		160		147,560
4.65%, 08/15/2062			92		85,532
4.75%, 08/15/2034			135		137,782



26 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

5.40%, 08/15/2054	U.S.$		135	$	141,366
5.55%, 08/15/2064			1,166		1,236,110
Netflix, Inc. 3.875%, 11/15/2029^(a)	EUR		350		405,810
Paramount Global 4.20%, 05/19/2032	U.S.$		2,305		2,046,016
4.375%, 03/15/2043			5,417		4,011,351
4.95%, 01/15/2031			9,590		9,063,435
5.85%, 09/01/2043			288		250,899
Prosus NV 1.21%, 01/19/2026^(a)	EUR		166		179,541
1.54%, 08/03/2028^(a)			230		237,004
3.06%, 07/13/2031^(a)	U.S.$		334		294,442
3.68%, 01/21/2030^(a)			1,062		999,607
3.83%, 02/08/2051^(a)			200		139,994
TDF Infrastructure SASU 5.625%, 07/21/2028^(a)	EUR		300		355,384
Tencent Holdings Ltd. 2.39%, 06/03/2030^(a)	U.S.$		510		461,406
2.88%, 04/22/2031^(a)			200		182,113
Time Warner Cable LLC 5.25%, 07/15/2042	GBP		100		109,019
Warnermedia Holdings, Inc. 3.755%, 03/15/2027	U.S.$		815		788,055
4.28%, 03/15/2032			6,522		5,792,423
5.05%, 03/15/2042			793		647,738
5.14%, 03/15/2052			7,076		5,455,210
Weibo Corp. 3.375%, 07/08/2030	U.S.$		540		495,790

					36,768,305

Communications - Telecommunications – 1.0%
America Movil SAB de CV 2.875%, 05/07/2030			340		313,405
6.125%, 11/15/2037			200		220,028
Axiata SPV2 Bhd Series E 2.16%, 08/19/2030^(a)			200		175,464
Bell Telephone Co. of Canada or Bell Canada 3.00%, 03/17/2031	CAD		2,711		1,894,421
4.55%, 02/09/2030			1,318		1,005,796
5.15%, 02/09/2053			3,297		2,456,868
5.85%, 11/10/2032			14,542		11,902,086
CK Hutchison Group Telecom Finance SA 1.125%, 10/17/2028^(a)	EUR		16,235		16,763,981
1.50%, 10/17/2031^(a)			428		418,036



abfunds.com		AB GLOBAL BOND FUND ^\| 27

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Empresa Nacional de Telecomunicaciones SA 4.75%, 08/01/2026^(a)	U.S.$		200	$	199,375
Koninklijke KPN NV Series G 3.875%, 07/03/2031^(a)	EUR		200		231,999
NTT Finance Corp. Series E 0.08%, 12/13/2025^(a)			521		560,265
0.40%, 12/13/2028^(a)			109		109,798
Ooredoo International Finance Ltd. 2.625%, 04/08/2031^(a)	U.S.$		420		380,885
Orange SA Series E 1.375%, 02/11/2029^(a)(d)	EUR		100		99,528
2.375%, 01/15/2025^(a)(d)			100		110,335
PLDT, Inc. 2.50%, 01/23/2031^(a)	U.S.$		200		175,812
PT Tower Bersama Infrastructure Tbk 2.80%, 05/02/2027^(a)			200		188,750
SingTel Group Treasury Pte Ltd. Series E 2.375%, 08/28/2029^(a)			290		267,434
Sprint LLC 7.625%, 03/01/2026			589		607,995
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC 5.15%, 03/20/2028^(a)			729		737,062
T-Mobile USA, Inc. 2.625%, 04/15/2026			200		194,929
4.70%, 01/15/2035			139		138,553
5.25%, 06/15/2055			139		138,251
TDC Net A/S Series E 5.62%, 02/06/2030^(a)	EUR		237		279,743
Tele2 AB Series E 3.75%, 11/22/2029^(a)			212		241,625
TELUS Corp. 4.95%, 02/18/2031	CAD		5,000		3,870,717
Series CAG 5.25%, 11/15/2032			17,557		13,799,317
Verizon Communications, Inc. 2.55%, 03/21/2031	U.S.$		24		21,438
4.25%, 10/31/2030	EUR		125		147,572



28 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Vodafone Group PLC 4.20%, 12/13/2027^(a)	AUD		3,570	$	2,438,724
Series E 3.00%, 08/12/2056^(a)	GBP		100		79,454

					60,169,646

Consumer Cyclical - Automotive – 1.5%
American Honda Finance Corp. Series E 3.65%, 04/23/2031	EUR		10,950		12,410,183
Series G 4.40%, 09/05/2029	U.S.$		199		199,818
4.90%, 07/09/2027			661		675,305
5.05%, 07/10/2031			269		276,962
Aptiv PLC/Aptiv Corp. 4.15%, 05/01/2052			79		61,079
Aptiv PLC/Aptiv Global Financing DAC 5.15%, 09/13/2034			7,334		7,219,489
5.75%, 09/13/2054			553		536,137
Aptiv PLC/Aptiv Global Financing Ltd. 4.25%, 06/11/2036	EUR		352		395,021
BMW US Capital LLC 4.60%, 08/13/2027^(a)	U.S.$		1,067		1,078,746
4.65%, 08/13/2026^(a)			270		272,415
4.65%, 08/13/2029^(a)			135		136,089
4.85%, 08/13/2031^(a)			13		13,061
4.90%, 04/02/2027^(a)			131		133,173
BorgWarner, Inc. 1.00%, 05/19/2031	EUR		302		286,688
Cummins, Inc. 4.90%, 02/20/2029	U.S.$		327		337,895
5.45%, 02/20/2054			224		236,880
Ford Motor Co. 3.25%, 02/12/2032			6,774		5,771,014
Ford Motor Credit Co. LLC 3.375%, 11/13/2025			200		196,147
5.11%, 05/03/2029			1,085		1,074,145
6.125%, 03/08/2034			484		489,933
6.80%, 05/12/2028			200		209,589
General Motors Co. 5.20%, 04/01/2045			658		599,112
5.40%, 04/01/2048			676		623,392
General Motors Financial Co., Inc. 2.35%, 01/08/2031			29		24,784
2.40%, 04/10/2028			689		638,668
2.70%, 06/10/2031			110		94,761
5.35%, 07/15/2027			137		140,100



abfunds.com		AB GLOBAL BOND FUND ^\| 29

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

5.40%, 04/06/2026	U.S.$		123	$	124,543
5.60%, 06/18/2031			131		134,336
5.65%, 01/17/2029			4,160		4,296,736
5.75%, 02/08/2031			249		257,454
5.80%, 06/23/2028			162		168,130
6.10%, 01/07/2034			10,495		10,917,397
Series E 4.00%, 07/10/2030^(a)	EUR		318		359,633
General Motors Financial of Canada Ltd. 5.10%, 07/14/2028	CAD		1,444		1,107,580
Harley-Davidson Financial Services, Inc. 3.05%, 02/14/2027^(a)	U.S.$		3,276		3,145,236
5.125%, 04/05/2026^(a)	EUR		228		260,324
5.95%, 06/11/2029^(a)	U.S.$		4,665		4,780,346
Hyundai Capital America 1.30%, 01/08/2026^(a)			365		350,644
2.375%, 10/15/2027^(a)			300		282,846
4.30%, 09/24/2027^(a)			139		138,632
4.55%, 09/26/2029^(a)			101		100,779
4.75%, 09/26/2031^(a)			139		138,316
5.25%, 01/08/2027^(a)			4,211		4,286,253
5.30%, 03/19/2027^(a)			174		177,619
5.68%, 06/26/2028^(a)			6,331		6,567,666
6.10%, 09/21/2028^(a)			59		62,170
6.50%, 01/16/2029^(a)			147		157,634
Hyundai Capital Services, Inc. 5.125%, 02/05/2029^(a)			320		326,500
Hyundai Motor Manufacturing Indonesia PT Series E 1.75%, 05/06/2026^(a)			250		239,342
Kia Corp. 2.75%, 02/14/2027^(a)			290		279,397
3.50%, 10/25/2027^(a)			230		224,048
Mercedes-Benz Finance North America LLC 4.75%, 08/01/2027^(a)			341		346,122
Nissan Motor Acceptance Co. LLC 1.85%, 09/16/2026^(a)			3,120		2,929,785
2.00%, 03/09/2026^(a)			4,070		3,890,395
2.45%, 09/15/2028^(a)			5,536		4,943,011
2.75%, 03/09/2028^(a)			255		233,603
5.30%, 09/13/2027^(a)			1,655		1,651,836
5.55%, 09/13/2029^(a)			138		137,087
RCI Banque SA Series E 1.75%, 04/10/2026^(a)	EUR		521		566,727



30 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Stellantis NV Series E 4.25%, 06/16/2031^(a)	EUR		300	$	342,776
Toyota Motor Credit Corp. 4.55%, 08/09/2029	U.S.$		296		300,604
5.10%, 03/21/2031			647		673,979

					89,030,072

Consumer Cyclical - Entertainment – 0.3%
Brunswick Corp./DE 5.85%, 03/18/2029			130		134,157
CPUK Finance Ltd. Series E 3.59%, 08/28/2025^(a)	GBP		275		361,734
Hasbro, Inc. 3.55%, 11/19/2026	U.S.$		13,121		12,863,382
6.05%, 05/14/2034			3,519		3,702,830

					17,062,103

Consumer Cyclical - Other – 0.2%
DR Horton, Inc. 5.00%, 10/15/2034			208		210,623
Flutter Treasury DAC 5.00%, 04/29/2029^(a)	EUR		248		284,379
GENM Capital Labuan Ltd. 3.88%, 04/19/2031^(a)	U.S.$		3,148		2,861,729
Gohl Capital Ltd. 4.25%, 01/24/2027^(a)			540		532,407
Las Vegas Sands Corp. 3.90%, 08/08/2029			410		390,871
Marriott International, Inc./MD 4.80%, 03/15/2030			134		135,828
5.30%, 05/15/2034			159		163,853
5.35%, 03/15/2035			352		360,591
5.55%, 10/15/2028			267		279,403
Series HH 2.85%, 04/15/2031			175		157,451
MDC Holdings, Inc. 2.50%, 01/15/2031			315		278,964
6.00%, 01/15/2043			5,384		5,726,185
Owens Corning 5.50%, 06/15/2027			647		668,220
5.70%, 06/15/2034			129		136,956
7.00%, 12/01/2036^(f)			50		58,161
PulteGroup, Inc. 6.375%, 05/15/2033			182		200,260



abfunds.com		AB GLOBAL BOND FUND ^\| 31

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Sands China Ltd. 2.30%, 03/08/2027^(f)	U.S.$		221	$	206,773
2.85%, 03/08/2029^(f)			277		251,322
4.375%, 06/18/2030^(f)			279		267,261
5.40%, 08/08/2028^(f)			663		667,972

					13,839,209

Consumer Cyclical - Retailers – 0.4%
Alimentation Couche-Tard, Inc. 1.875%, 05/06/2026^(a)	EUR		506		551,690
AutoZone, Inc. 5.10%, 07/15/2029	U.S.$		132		135,970
5.40%, 07/15/2034			134		138,891
CK Hutchison International 21 Ltd. 2.50%, 04/15/2031^(a)			790		693,887
Dick’s Sporting Goods, Inc. 4.10%, 01/15/2052			172		131,374
Dollarama, Inc. 5.53%, 09/26/2028	CAD		6,832		5,401,952
Genuine Parts Co. 4.95%, 08/15/2029	U.S.$		135		137,246
Home Depot, Inc. (The) 3.90%, 06/15/2047			661		564,936
4.25%, 04/01/2046			539		490,268
4.95%, 09/15/2052			247		246,426
5.30%, 06/25/2054			132		138,746
5.95%, 04/01/2041			50		56,181
Lowe’s Cos., Inc. 4.05%, 05/03/2047			98		82,037
5.625%, 04/15/2053			120		124,869
5.75%, 07/01/2053			122		128,812
5.80%, 09/15/2062			484		506,444
PVH Corp. 4.125%, 07/16/2029	EUR		265		298,646
Tapestry, Inc. 7.00%, 11/27/2026	U.S.$		434		449,389
7.05%, 11/27/2025			17		17,347
7.35%, 11/27/2028			613		644,170
7.70%, 11/27/2030			281		302,659
VF Corp. 0.625%, 02/25/2032	EUR		7,525		6,155,209
Series E 4.125%, 03/07/2026			100		111,300
4.25%, 03/07/2029			3,895		4,262,900

					21,771,349



32 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Consumer Non-Cyclical – 2.1%
AbbVie, Inc. 4.70%, 05/14/2045	U.S.$		595	$	575,247
Agilent Technologies, Inc. 4.20%, 09/09/2027			685		686,759
Altria Group, Inc. 3.125%, 06/15/2031	EUR		8,063		8,724,975
3.70%, 02/04/2051	U.S.$		467		344,532
4.25%, 08/09/2042			772		663,058
6.875%, 11/01/2033			79		89,222
Amgen, Inc. 4.40%, 05/01/2045			716		642,740
5.15%, 03/02/2028			389		400,713
Anheuser-Busch InBev SA/NV Series E 3.70%, 04/02/2040^(a)	EUR		257		284,630
Archer-Daniels-Midland Co. 4.535%, 03/26/2042	U.S.$		91		86,090
Asahi Group Holdings Ltd. 0.34%, 04/19/2027^(a)	EUR		535		559,868
Barry Callebaut Services NV 4.00%, 06/14/2029^(a)			300		342,990
BAT Capital Corp. 4.54%, 08/15/2047	U.S.$		14		11,828
Becton Dickinson & Co. 3.83%, 06/07/2032	EUR		308		354,296
Becton Dickinson Euro Finance SARL 3.55%, 09/13/2029			270		307,173
Bimbo Bakeries USA, Inc. 5.375%, 01/09/2036^(a)	U.S.$		225		231,540
6.40%, 01/15/2034^(a)			200		220,640
Bristol-Myers Squibb Co. 3.90%, 03/15/2062			570		453,255
Bunge Ltd. Finance Corp. 4.10%, 01/07/2028			138		137,883
4.65%, 09/17/2034			502		500,923
Cargill, Inc. 3.875%, 04/24/2030^(a)	EUR		5,992		6,961,603
4.375%, 04/22/2052^(a)	U.S.$		187		169,443
Cencosud SA 4.375%, 07/17/2027^(a)			230		228,045
5.95%, 05/28/2031^(a)			280		291,830
Cia Cervecerias Unidas SA 3.35%, 01/19/2032^(a)			200		176,235
Coca-Cola Co. (The) 1.00%, 03/09/2041	EUR		318		249,327
3.375%, 08/15/2037			152		171,442



abfunds.com		AB GLOBAL BOND FUND ^\| 33

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

3.50%, 05/14/2044	EUR		257	$	283,039
3.75%, 08/15/2053			224		247,950
4.65%, 08/14/2034	U.S.$		674		689,581
5.20%, 01/14/2055			135		141,590
5.40%, 05/13/2064			335		357,233
CVS Health Corp. 2.875%, 06/01/2026			663		647,400
4.78%, 03/25/2038			295		278,547
5.00%, 02/20/2026			265		266,801
5.125%, 07/20/2045			69		64,311
5.40%, 06/01/2029			130		134,865
5.55%, 06/01/2031			95		99,090
5.625%, 02/21/2053			122		120,374
5.70%, 06/01/2034			15,883		16,565,020
5.875%, 06/01/2053			122		124,066
6.00%, 06/01/2044			473		489,299
6.05%, 06/01/2054			648		675,062
Diageo Finance PLC Series E 1.50%, 10/22/2027^(a)	EUR		376		403,853
1.875%, 03/27/2027^(a)			135		147,483
Electrolux AB Series E 4.50%, 09/29/2028^(a)			289		334,758
Eli Lilly & Co. 4.60%, 08/14/2034	U.S.$		135		136,898
4.95%, 02/27/2063			600		598,284
5.00%, 02/09/2054			130		132,157
5.05%, 08/14/2054			135		138,197
5.10%, 02/09/2064			130		132,741
5.20%, 08/14/2064			263		271,611
Eurofins Scientific SE 0.875%, 05/19/2031^(a)	EUR		100		92,358
4.75%, 09/06/2030^(a)			248		290,319
General Mills, Inc. 0.45%, 01/15/2026			519		557,947
3.65%, 10/23/2030			155		176,804
4.70%, 01/30/2027	U.S.$		52		52,603
HCA, Inc. 3.625%, 03/15/2032			65		60,120
5.25%, 06/15/2026			620		624,513
5.375%, 09/01/2026			618		624,905
5.45%, 09/15/2034			197		202,733
5.95%, 09/15/2054			135		141,747
Illumina, Inc. 4.65%, 09/09/2026			137		137,852



34 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Imperial Brands Finance PLC 5.875%, 07/01/2034^(a)	U.S.$		13,519	$	14,026,725
Indofood CBP Sukses Makmur Tbk PT 3.40%, 06/09/2031^(a)			490		445,513
Johnson & Johnson 5.25%, 06/01/2054			189		204,679
5.85%, 07/15/2038			187		214,105
Kenvue, Inc. 5.20%, 03/22/2063			130		133,301
Kerry Group Financial Services Unltd Co. 2.375%, 09/10/2025^(a)	EUR		246		271,967
Keurig Dr. Pepper, Inc. 3.20%, 05/01/2030	U.S.$		148		139,667
Kroger Co. (The) 4.60%, 08/15/2027			4,070		4,105,091
4.65%, 09/15/2029			980		985,560
4.70%, 08/15/2026			64		64,459
4.90%, 09/15/2031			136		136,878
5.00%, 09/15/2034			133		134,164
5.50%, 09/15/2054			136		136,822
Laboratory Corp. of America Holdings 4.35%, 04/01/2030			139		137,808
4.55%, 04/01/2032			139		137,445
Loblaw Cos. Ltd. 5.01%, 09/13/2032	CAD		13,800		10,888,175
6.54%, 02/17/2033^(a)			3,182		2,687,831
McKesson Corp. 1.50%, 11/17/2025	EUR		226		247,451
4.90%, 07/15/2028	U.S.$		87		89,535
Medtronic, Inc. 4.15%, 10/15/2053	EUR		174		201,267
Merck & Co., Inc. 2.90%, 12/10/2061	U.S.$		562		361,782
3.70%, 02/10/2045			408		343,839
3.90%, 03/07/2039			543		496,436
4.00%, 03/07/2049			170		147,361
5.15%, 05/17/2063			191		194,921
METRO AG 4.625%, 03/07/2029^(a)	EUR		243		281,560
Metro, Inc./CN 4.66%, 02/07/2033	CAD		11,382		8,752,771
MSD Netherlands Capital BV 3.70%, 05/30/2044	EUR		276		310,493
3.75%, 05/30/2054			100		110,477
Pepsico Singapore Financing I Pte Ltd. 4.55%, 02/16/2029	U.S.$		282		287,677



abfunds.com		AB GLOBAL BOND FUND ^\| 35

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

PepsiCo, Inc. 4.65%, 02/15/2053	U.S.$		122	$	118,011
5.25%, 07/17/2054			133		140,698
Pfizer, Inc. 7.20%, 03/15/2039			95		118,751
Philip Morris International, Inc. 2.75%, 02/25/2026			599		587,410
4.25%, 11/10/2044			704		621,981
4.875%, 11/15/2043			646		627,482
5.625%, 11/17/2029			32		33,960
5.625%, 09/07/2033			267		284,260
Pilgrim’s Pride Corp. 3.50%, 03/01/2032			253		224,738
6.875%, 05/15/2034			4		4,444
Quest Diagnostics, Inc. 4.60%, 12/15/2027			681		689,964
4.625%, 12/15/2029			136		137,661
Roche Holdings, Inc. 4.20%, 09/09/2029^(a)			496		498,736
5.22%, 03/08/2054^(a)			283		297,344
Saputo, Inc. 5.25%, 11/29/2029	CAD		13,719		10,787,277
5.49%, 11/20/2030			6,874		5,471,640
Sartorius Finance BV 4.50%, 09/14/2032^(a)	EUR		200		234,806
4.875%, 09/14/2035^(a)			100		119,462
Sutter Health 5.16%, 08/15/2033	U.S.$		3,533		3,665,529
Takeda Pharmaceutical Co., Ltd. 5.65%, 07/05/2044			270		284,116
Tesco Corporate Treasury Services PLC Series E 4.25%, 02/27/2031^(a)	EUR		146		170,515
Thermo Fisher Scientific, Inc. Series E 1.875%, 10/01/2049			137		106,112
Unilever Capital Corp. 4.25%, 08/12/2027	U.S.$		180		181,819
Universal Health Services, Inc. 4.625%, 10/15/2029			140		139,173
Upjohn Finance BV 1.91%, 06/23/2032^(a)	EUR		676		656,732
Viterra Finance BV Series E 1.00%, 09/24/2028^(a)			281		288,428

					123,475,207



36 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Energy – 2.4%
Adnoc Murban Rsc Ltd. 5.125%, 09/11/2054^(a)	U.S.$		200	$	196,600
Apache Corp. 4.25%, 01/15/2030			111		106,723
5.10%, 09/01/2040			180		159,899
BG Energy Capital PLC Series E 5.125%, 12/01/2025^(a)	GBP		365		488,682
BP Capital Markets America, Inc. 5.02%, 11/17/2027	U.S.$		285		293,133
BP Capital Markets BV Series E 0.93%, 12/04/2040^(a)	EUR		437		316,173
BP Capital Markets PLC 3.25%, 03/22/2026^(a)(d)			3,699		4,072,018
3.625%, 03/22/2029^(a)(d)			8,995		9,810,819
Burlington Resources LLC 7.20%, 08/15/2031	U.S.$		173		199,694
Canadian Natural Resources Ltd. 3.85%, 06/01/2027			140		138,040
Columbia Pipelines Holding Co. LLC 5.10%, 10/01/2031^(a)			156		157,373
Columbia Pipelines Operating Co. LLC 6.04%, 11/15/2033^(a)			206		220,243
ConocoPhillips Co. 4.025%, 03/15/2062			210		169,549
5.55%, 03/15/2054			328		343,008
Continental Resources, Inc./OK 2.875%, 04/01/2032^(a)			155		131,097
4.375%, 01/15/2028			204		201,080
COSL Singapore Capital Ltd. 1.875%, 06/24/2025^(a)			200		195,937
Devon Energy Corp. 5.20%, 09/15/2034			483		480,978
7.95%, 04/15/2032			7,504		8,817,112
Diamondback Energy, Inc. 3.50%, 12/01/2029			1,565		1,489,888
4.25%, 03/15/2052			3		2,432
5.20%, 04/18/2027			321		327,516
El Paso Natural Gas Co. LLC 3.50%, 02/15/2032^(a)			63		56,055
Enbridge, Inc. 6.10%, 11/09/2032	CAD		16,978		14,087,748
Energy Transfer LP 5.55%, 05/15/2034	U.S.$		94		97,305
5.60%, 09/01/2034			384		398,984



abfunds.com		AB GLOBAL BOND FUND ^\| 37

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

6.125%, 12/15/2045	U.S.$		205	$	213,632
Eni SpA Series NC5 2.625%, 10/13/2025^(a)(d)	EUR		170		186,496
Series X-R 4.75%, 09/12/2028^(a)	U.S.$		400		405,779
EnLink Midstream LLC 5.65%, 09/01/2034			106		109,545
Enterprise Products Operating LLC 4.85%, 03/15/2044			633		603,202
5.10%, 02/15/2045			618		608,993
5.55%, 02/16/2055			343		354,363
Series E 5.25%, 08/16/2077			96		94,840
EQT Corp. 5.75%, 02/01/2034			119		122,566
Exxon Mobil Corp. 4.23%, 03/19/2040			215		201,343
Greensaif Pipelines Bidco SARL 5.85%, 02/23/2036^(a)			200		206,999
Hess Corp. 4.30%, 04/01/2027			230		229,945
7.125%, 03/15/2033			9,699		11,177,065
7.875%, 10/01/2029			289		330,864
Hunt Oil Co. of Peru LLC Sucursal Del Peru 8.55%, 09/18/2033^(a)			5,059		5,673,668
KazMunayGas National Co. JSC 3.50%, 04/14/2033^(a)			534		464,580
5.75%, 04/19/2047^(a)			260		239,931
6.375%, 10/24/2048^(a)			750		743,280
Kinder Morgan Energy Partners LP 6.95%, 01/15/2038			133		151,167
Kinder Morgan, Inc. 5.45%, 08/01/2052			123		119,618
Marathon Oil Corp. 4.40%, 07/15/2027			90		90,132
5.70%, 04/01/2034			190		203,831
6.60%, 10/01/2037			190		217,206
MOL Hungarian Oil & Gas PLC 1.50%, 10/08/2027^(a)	EUR		539		561,271
MPLX LP 4.95%, 03/14/2052	U.S.$		516		463,112
5.65%, 03/01/2053			271		269,382
Northern Natural Gas Co. 5.625%, 02/01/2054^(a)			182		189,233



38 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Occidental Petroleum Corp. 5.20%, 08/01/2029	U.S.$		4,759	$	4,837,111
5.375%, 01/01/2032			4,954		5,029,659
6.625%, 09/01/2030			140		150,983
ONEOK Partners LP 6.65%, 10/01/2036			36		40,076
ONEOK, Inc. 4.25%, 09/24/2027			138		138,132
4.40%, 10/15/2029			2,504		2,495,672
4.75%, 10/15/2031			50		50,007
5.05%, 11/01/2034			404		402,158
5.20%, 07/15/2048			588		548,674
5.70%, 11/01/2054			637		633,686
6.05%, 09/01/2033			2,049		2,190,303
Ovintiv, Inc. 6.50%, 02/01/2038			70		74,891
Pioneer Natural Resources Co. 5.10%, 03/29/2026			197		199,770
Plains All American Pipeline LP/PAA Finance Corp. 5.70%, 09/15/2034			337		350,196
Pluspetrol Camisea SA/Pluspetrol Lote 56 SA 6.24%, 07/03/2036^(a)			230		245,596
PTTEP Treasury Center Co., Ltd. 2.99%, 01/15/2030^(a)			300		278,438
QatarEnergy LNG S3 5.84%, 09/30/2027^(a)			263		266,467
Raizen Fuels Finance SA 6.45%, 03/05/2034^(a)			7,489		7,907,742
6.95%, 03/05/2054^(a)			230		245,693
Reliance Industries Ltd. 3.625%, 01/12/2052^(a)			300		226,986
SA Global Sukuk Ltd. 1.60%, 06/17/2026^(a)			700		667,844
Saudi Arabian Oil Co. 2.25%, 11/24/2030^(a)			1,100		966,504
3.25%, 11/24/2050^(a)			410		288,410
5.75%, 07/17/2054^(a)			6,803		6,884,636
5.875%, 07/17/2064^(a)			522		526,594
Schlumberger Finance BV 0.50%, 10/15/2031^(a)	EUR		327		304,990
Suncor Energy, Inc. 6.50%, 06/15/2038	U.S.$		225		251,708
Sweihan PV Power Co. PJSC 3.625%, 01/31/2049^(a)			463		393,861



abfunds.com		AB GLOBAL BOND FUND ^\| 39

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Targa Resources Corp. 6.25%, 07/01/2052	U.S.$		454	$	488,610
Tennessee Gas Pipeline Co. LLC 2.90%, 03/01/2030^(a)			250		228,900
Thaioil Treasury Center Co., Ltd. 2.50%, 06/18/2030^(a)			530		467,228
TotalEnergies Capital SA 5.425%, 09/10/2064			397		399,708
5.64%, 04/05/2064			415		434,122
TotalEnergies SE 2.00%, 01/17/2027^(a)(d)	EUR		11,880		12,662,364
Series NC7 1.625%, 10/25/2027^(a)(d)			1,929		2,001,932
TransCanada PipeLines Ltd. 5.33%, 05/12/2032	CAD		227		179,996
Transportadora de Gas del Peru SA 4.25%, 04/30/2028^(a)	U.S.$		160		157,316
Transportadora de Gas Internacional SA ESP 5.55%, 11/01/2028^(a)			200		200,938
Var Energi ASA 5.00%, 05/18/2027^(a)			269		270,194
7.50%, 01/15/2028^(a)			7,328		7,838,054
8.00%, 11/15/2032^(a)			5,514		6,384,522
Vestas Wind Systems A/S Series E 4.125%, 06/15/2026^(a)	EUR		240		271,512
Williams Cos., Inc. (The) 4.80%, 11/15/2029	U.S.$		238		241,578
Wintershall Dea Finance BV 1.33%, 09/25/2028^(a)	EUR		300		308,035

					136,321,925

Other Industrial – 0.2%
Alfa Desarrollo SpA 4.55%, 09/27/2051^(a)	U.S.$		307		242,398
CITIC Ltd. Series E 2.85%, 02/25/2030^(a)			250		232,505
Ferguson Finance PLC 4.65%, 04/20/2032^(a)			624		611,400
LKQ Dutch Bond BV 4.125%, 03/13/2031	EUR		7,325		8,259,464
Worley US Finance Sub Ltd. Series E 0.875%, 06/09/2026^(a)			531		569,884
WW Grainger, Inc. 4.60%, 06/15/2045	U.S.$		234		221,791

					10,137,442



40 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Services – 0.8%
Alibaba Group Holding Ltd. 2.125%, 02/09/2031	U.S.$		630	$	549,436
Amazon.com, Inc. 3.875%, 08/22/2037			606		570,751
4.10%, 04/13/2062			65		56,062
4.25%, 08/22/2057			360		325,390
Booking Holdings, Inc. 3.50%, 03/01/2029	EUR		5,255		5,995,364
4.25%, 05/15/2029			168		197,456
4.50%, 11/15/2031			6,154		7,443,132
4.75%, 11/15/2034			199		247,252
Boost Newco Borrower LLC/GTCR W Dutch Finance Sub BV 8.50%, 01/15/2031^(a)	GBP		424		612,216
Chicago Parking Meters LLC 4.93 4.93%, 12/30/2025^(g)	U.S.$		16,500		16,297,175
Equifax, Inc. 4.80%, 09/15/2029			135		136,537
Global Payments, Inc. 4.875%, 03/17/2031	EUR		8,702		10,332,783
ISS Global A/S Series E 0.875%, 06/18/2026^(a)			106		113,812
Mastercard, Inc. 3.85%, 03/26/2050	U.S.$		400		338,006
4.55%, 01/15/2035			355		356,673
Meituan 4.50%, 04/02/2028^(a)			200		198,443
Moody’s Corp. 0.95%, 02/25/2030	EUR		285		287,434
5.00%, 08/05/2034	U.S.$		253		258,955
PayPal Holdings, Inc. 5.50%, 06/01/2054			130		136,747
Rentokil Initial Finance BV Series E 4.375%, 06/27/2030^(a)	EUR		245		283,023
Securitas Treasury Ireland DAC Series E 4.375%, 03/06/2029^(a)			100		116,421
Visa, Inc. 4.30%, 12/14/2045	U.S.$		650		605,064
Wolters Kluwer NV 3.25%, 03/18/2029^(a)	EUR		253		285,925

					45,744,057



abfunds.com		AB GLOBAL BOND FUND ^\| 41

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Technology – 1.4%
AAC Technologies Holdings, Inc. 3.75%, 06/02/2031^(a)	U.S.$		290	$	263,126
Allegion US Holding Co., Inc. 5.60%, 05/29/2034			651		680,964
Analog Devices, Inc. 2.95%, 10/01/2051			422		297,791
Apple, Inc. 4.10%, 08/08/2062			100		88,585
Applied Materials, Inc. 4.80%, 06/15/2029			205		211,247
Arrow Electronics, Inc. 5.15%, 08/21/2029			135		136,996
ASML Holding NV 0.25%, 02/25/2030^(a)	EUR		287		280,558
1.375%, 07/07/2026^(a)			100		108,935
Avnet, Inc. 5.50%, 06/01/2032	U.S.$		609		618,000
Baidu, Inc. 2.375%, 08/23/2031			320		278,726
Broadcom, Inc. 4.15%, 02/15/2028			4,168		4,163,765
4.35%, 02/15/2030			139		138,748
4.55%, 02/15/2032			139		138,817
4.80%, 10/15/2034			139		138,880
Cisco Systems, Inc. 5.35%, 02/26/2064			376		398,960
Concentrix Corp. 6.65%, 08/02/2026			533		547,596
Dell International LLC/EMC Corp. 4.90%, 10/01/2026			620		626,715
8.35%, 07/15/2046			125		169,078
DXC Capital Funding DAC 0.95%, 09/15/2031^(a)	EUR		467		422,786
DXC Technology Co. 1.75%, 01/15/2026			101		110,358
Entegris, Inc. 4.75%, 04/15/2029^(a)	U.S.$		9,256		9,121,456
Fidelity National Information Services, Inc. 1.15%, 03/01/2026			655		626,317
2.00%, 05/21/2030	EUR		5,601		5,868,507
Fiserv, Inc. 1.625%, 07/01/2030			6,152		6,318,156
2.25%, 07/01/2025	GBP		250		327,031
4.50%, 05/24/2031	EUR		137		162,079



42 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Flex Ltd. 5.25%, 01/15/2032	U.S.$		136	$	137,269
Fortive Corp. 3.15%, 06/15/2026			681		667,702
3.70%, 08/15/2029	EUR		250		283,806
Foxconn Far East Ltd. Series E 2.50%, 10/28/2030^(a)	U.S.$		200		178,891
Hewlett Packard Enterprise Co. 1.75%, 04/01/2026			692		665,505
4.40%, 09/25/2027			4,616		4,619,985
4.45%, 09/25/2026			139		139,292
4.55%, 10/15/2029			139		138,556
5.00%, 10/15/2034			139		137,639
6.35%, 10/15/2045^(f)			579		634,549
Honeywell International, Inc. 4.125%, 11/02/2034	EUR		100		117,702
4.65%, 07/30/2027	U.S.$		487		496,770
Series 4Y 3.50%, 05/17/2027	EUR		8,594		9,734,587
HP, Inc. 2.65%, 06/17/2031	U.S.$		714		631,119
3.00%, 06/17/2027			636		616,279
IBM International Capital Pte Ltd. 5.30%, 02/05/2054			129		129,967
Intel Corp. 1.60%, 08/12/2028			2,638		2,358,721
2.60%, 05/19/2026			541		524,875
3.75%, 03/25/2027			407		399,830
3.90%, 03/25/2030			110		105,703
4.75%, 03/25/2050			470		405,328
4.90%, 08/05/2052			124		108,649
4.95%, 03/25/2060			472		410,289
5.625%, 02/10/2043			191		189,874
International Business Machines Corp. 1.70%, 05/15/2027			666		626,969
1.75%, 01/31/2031	EUR		100		103,774
3.30%, 05/15/2026	U.S.$		634		625,798
3.43%, 02/09/2052			135		100,887
3.50%, 05/15/2029			100		97,124
3.625%, 02/06/2031	EUR		240		276,164
4.00%, 06/20/2042	U.S.$		178		156,768
4.00%, 02/06/2043	EUR		168		191,977
4.25%, 05/15/2049	U.S.$		100		87,643
4.90%, 07/27/2052			284		273,003
Intuit, Inc. 5.50%, 09/15/2053			832		894,135



abfunds.com		AB GLOBAL BOND FUND ^\| 43

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

KLA Corp. 3.30%, 03/01/2050	U.S.$		314	$	237,272
4.95%, 07/15/2052			119		118,228
Kyndryl Holdings, Inc. 2.05%, 10/15/2026			10,101		9,604,338
Lam Research Corp. 4.00%, 03/15/2029			225		224,802
4.875%, 03/15/2049			705		690,064
Lenovo Group Ltd. 3.42%, 11/02/2030^(a)			288		267,300
Nokia Oyj Series E 2.00%, 03/11/2026^(a)	EUR		253		277,272
Oracle Corp. 1.65%, 03/25/2026	U.S.$		625		600,808
2.65%, 07/15/2026			57		55,433
4.10%, 03/25/2061			362		284,500
5.375%, 07/15/2040			78		79,505
QUALCOMM, Inc. 1.30%, 05/20/2028			421		383,102
4.30%, 05/20/2047			669		606,029
4.80%, 05/20/2045			616		603,558
Renesas Electronics Corp. 2.17%, 11/25/2026^(a)			410		390,522
Sage Group PLC (The) Series E 3.82%, 02/15/2028^(a)	EUR		263		300,191
Salesforce, Inc. 1.50%, 07/15/2028	U.S.$		31		28,417
1.95%, 07/15/2031			230		199,630
2.70%, 07/15/2041			815		616,447
SAP SE 0.125%, 05/18/2026^(a)	EUR		100		106,920
1.375%, 03/13/2030^(a)			200		208,683
1.625%, 03/10/2031^(a)			100		104,291
SK Hynix, Inc. 2.375%, 01/19/2031^(a)	U.S.$		555		479,059
Skyworks Solutions, Inc. 3.00%, 06/01/2031			213		187,629
TD SYNNEX Corp. 6.10%, 04/12/2034			129		136,684
Texas Instruments, Inc. 5.00%, 03/14/2053			120		120,886
5.05%, 05/18/2063			287		287,493
TSMC Global Ltd. 1.375%, 09/28/2030^(a)			540		456,689
2.25%, 04/23/2031^(a)			790		694,552
Tyco Electronics Group SA Zero Coupon, 02/16/2029	EUR		100		98,539
4.625%, 02/01/2030	U.S.$		390		397,772



44 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Xiaomi Best Time International Ltd. 4.10%, 07/14/2051^(a)	U.S.$		310	$	249,352

					78,607,273

Transportation - Airlines – 0.0%
Alaska Airlines 2020-1 Class A Pass Through Trust 4.80%, 08/15/2027^(a)			527		524,010
Delta Air Lines, Inc./SkyMiles IP Ltd. 4.50%, 10/20/2025^(a)			516		512,738
4.75%, 10/20/2028^(a)			681		679,866
easyJet PLC Series E 3.75%, 03/20/2031^(a)	EUR		253		283,955

					2,000,569

Transportation - Railroads – 0.0%
Canadian National Railway Co. 3.60%, 08/01/2047	CAD		355		226,083
Canadian Pacific Railway Co. 6.125%, 09/15/2115	U.S.$		235		258,592
Lima Metro Line 2 Finance Ltd. 4.35%, 04/05/2036^(a)			401		374,131
5.875%, 07/05/2034^(a)			240		243,235

					1,102,041

Transportation - Services – 0.2%
Abertis Infraestructuras SA Series E 4.125%, 01/31/2028^(a)	EUR		200		229,384
Adani Ports & Special Economic Zone Ltd. 3.10%, 02/02/2031^(a)	U.S.$		360		306,000
3.83%, 02/02/2032^(a)			290		252,120
4.375%, 07/03/2029^(a)			520		490,100
Autostrade per l’Italia SpA 2.00%, 12/04/2028^(a)	EUR		170		180,064
2.00%, 01/15/2030^(a)			100		103,599
Series E 4.75%, 01/24/2031^(a)			153		180,536
Element Fleet Management Corp. 6.27%, 06/26/2026^(a)	U.S.$		617		633,752
ENA Master Trust 4.00%, 05/19/2048^(a)			1,716		1,303,714
Heathrow Funding Ltd. 6.45%, 12/10/2031^(a)	GBP		2,905		4,166,746
HPHT Finance 21 Ltd. 2.00%, 03/19/2026^(a)	U.S.$		250		241,016
Mobico Group PLC Series E 4.875%, 09/26/2031^(a)	EUR		100		109,562



abfunds.com		AB GLOBAL BOND FUND ^\| 45

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Motability Operations Group PLC Series E 3.875%, 01/24/2034^(a)	EUR		244	$	279,617
4.25%, 06/17/2035^(a)			100		117,003
Penske Truck Leasing Co. LP/PTL Finance Corp. 5.25%, 07/01/2029^(a)	U.S.$		131		134,834
Ryder System, Inc. Series G 4.95%, 09/01/2029			665		677,383
Sats Treasury Pte Ltd. Series G 4.83%, 01/23/2029^(a)			200		203,174
TTX Co. 5.50%, 09/25/2026^(a)			250		255,209

					9,863,813

					695,948,499

Utility – 1.4%
Electric – 0.8%
Abu Dhabi National Energy Co. PJSC 4.875%, 04/23/2030^(a)			420		432,680
Adani Electricity Mumbai Ltd. 3.95%, 02/12/2030^(a)			810		730,772
Adani Transmission Step-One Ltd. 4.00%, 08/03/2026^(a)			8,086		7,845,947
4.25%, 05/21/2036^(a)			521		454,529
AES Andes SA 6.30%, 03/15/2029^(a)			200		207,260
AES Panama Generation Holdings SRL 4.375%, 05/31/2030^(a)			627		565,367
Alexander Funding Trust II 7.47%, 07/31/2028^(a)			2,863		3,087,861
AltaLink LP 4.69%, 11/28/2032	CAD		3,881		3,035,248
Ameren Illinois Co. 5.55%, 07/01/2054	U.S.$		132		141,829
American Electric Power Co., Inc. 6.95%, 12/15/2054			148		157,585
Black Hills Corp. 5.95%, 03/15/2028			2		2,098
Chile Electricity PEC SpA Zero Coupon, 01/25/2028^(h)			204		167,227
Cometa Energia SA de CV 6.375%, 04/24/2035^(a)			430		432,531
Commonwealth Edison Co. 5.30%, 02/01/2053			130		133,312



46 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Series 133 3.85%, 03/15/2052	U.S.$		98	$	79,724
Consolidated Edison Co. of New York, Inc. 4.50%, 05/15/2058			102		89,708
Consorcio Transmantaro SA 5.20%, 04/11/2038^(a)			460		450,225
DTE Energy Co. 4.95%, 07/01/2027			425		432,335
5.85%, 06/01/2034			218		234,113
Duke Energy Corp. 3.10%, 06/15/2028	EUR		241		268,479
3.75%, 04/01/2031			262		295,089
5.80%, 06/15/2054	U.S.$		131		138,085
Duke Energy Ohio, Inc. 4.30%, 02/01/2049			130		112,403
5.55%, 03/15/2054			131		136,903
Electricite de France SA Series MPLE 5.99%, 05/23/2030^(a)	CAD		4,109		3,286,975
Emirates Semb Corp. Water & Power Co. PJSC 4.45%, 08/01/2035^(a)	U.S.$		220		213,400
Enel Chile SA 4.875%, 06/12/2028			270		270,270
Enel Finance International NV 3.625%, 05/25/2027^(a)			410		402,239
5.50%, 06/26/2034^(a)			658		682,509
7.75%, 10/14/2052^(a)			200		255,223
Engie Energia Chile SA 3.40%, 01/28/2030^(a)			250		229,297
6.375%, 04/17/2034^(a)			485		514,997
Engie SA 1.50%, 05/30/2028^(a)(d)	EUR		100		101,182
Entergy Arkansas LLC 5.75%, 06/01/2054	U.S.$		130		139,900
Entergy Louisiana LLC 4.75%, 09/15/2052			123		113,833
5.15%, 09/15/2034			677		698,163
5.70%, 03/15/2054			130		138,614
Entergy Texas, Inc. 5.55%, 09/15/2054			328		339,461
Eurogrid GmbH Series E 3.72%, 04/27/2030^(a)	EUR		300		341,076
Florida Power & Light Co. 4.05%, 06/01/2042	U.S.$		435		388,347



abfunds.com		AB GLOBAL BOND FUND ^\| 47

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

4.125%, 06/01/2048	U.S.$		125	$	109,174
5.30%, 04/01/2053			130		135,970
Georgia Power Co. Series B 3.70%, 01/30/2050			290		230,746
Infraestructura Energetica Nova SAPI de CV 4.75%, 01/15/2051^(a)			480		367,824
Interstate Power & Light Co. 4.95%, 09/30/2034			137		139,132
Israel Electric Corp., Ltd. Series G 3.75%, 02/22/2032^(a)			290		253,825
4.25%, 08/14/2028^(a)			800		766,512
LLPL Capital Pte Ltd. 6.875%, 02/04/2039^(a)			597		617,502
Minejesa Capital BV 4.625%, 08/10/2030^(a)			1,109		1,093,983
National Grid PLC Series E 0.55%, 09/18/2029^(a)	EUR		156		153,134
4.275%, 01/16/2035^(a)			248		289,571
National Rural Utilities Cooperative Finance Corp. 4.12%, 09/16/2027	U.S.$		691		695,773
5.15%, 06/15/2029			665		690,652
Nevada Power Co. Series GG 5.90%, 05/01/2053			385		416,094
NextEra Energy Capital Holdings, Inc. 6.70%, 09/01/2054			1,705		1,786,923
Niagara Energy SAC 5.75%, 10/03/2034^(a)			690		692,070
Niagara Mohawk Power Corp. 4.28%, 12/15/2028^(a)			230		226,533
5.29%, 01/17/2034^(a)			7,216		7,362,657
Oklahoma Gas & Electric Co. 5.60%, 04/01/2053			133		140,076
Oncor Electric Delivery Co. LLC 5.55%, 06/15/2054^(a)			132		140,423
Pacific Gas & Electric Co. 5.80%, 05/15/2034			283		299,212
PacifiCorp 4.15%, 02/15/2050			390		323,681
5.10%, 02/15/2029			23		23,754
6.35%, 07/15/2038			110		121,566
PECO Energy Co. 2.85%, 09/15/2051			155		105,048



48 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

PPL Capital Funding, Inc. 5.25%, 09/01/2034	U.S.$		68	$	70,002
Public Service Electric & Gas Co. 3.80%, 03/01/2046			410		341,950
5.30%, 08/01/2054			132		138,301
5.45%, 03/01/2054			375		398,026
Puget Sound Energy, Inc. 5.685%, 06/15/2054			131		140,705
San Diego Gas & Electric Co. Series UUU 3.32%, 04/15/2050			360		265,085
Series WWW 2.95%, 08/15/2051			231		162,174
Sierra Pacific Power Co. 5.90%, 03/15/2054			178		194,922
Southern California Edison Co. 5.70%, 03/01/2053			120		126,621
5.875%, 12/01/2053			123		133,392
TenneT Holding BV 2.37%, 07/22/2025^(a)(d)	EUR		125		136,843
TNB Global Ventures Capital Bhd 4.85%, 11/01/2028^(a)	U.S.$		430		437,525
Virginia Electric & Power Co. 5.55%, 08/15/2054			480		504,802

					47,978,979

Natural Gas – 0.3%
Boston Gas Co. 6.12%, 07/20/2053^(a)			316		333,189
Cadent Finance PLC Series E 0.625%, 03/19/2030^(a)	EUR		14,235		13,749,884
4.25%, 07/05/2029^(a)			210		245,295
Centrica PLC Series E 4.375%, 03/13/2029^(a)	GBP		120		157,389
CU, Inc. 5.90%, 11/20/2034	CAD		1,227		1,030,737
Grupo Energia Bogota SA ESP 7.85%, 11/09/2033^(a)	U.S.$		200		231,397
National Grid North America, Inc. Series E 4.67%, 09/12/2033^(a)	EUR		100		119,451

					15,867,342

Other Utility – 0.3%
Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy 7.875%, 02/15/2039^(a)	U.S.$		435		464,363



abfunds.com		AB GLOBAL BOND FUND ^\| 49

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Suez SACA Series E 2.375%, 05/24/2030^(a)	EUR		12,900	$	13,689,412
5.00%, 11/03/2032^(a)			4,600		5,613,572

					19,767,347

					83,613,668

Total Corporates - Investment Grade (cost $1,470,208,436)					1,523,167,785


MORTGAGE PASS-THROUGHS –13.7%
Agency Fixed Rate 30-Year – 13.7%
Federal Home Loan Mortgage Corp. Gold Series 2019 4.50%, 02/01/2049	U.S.$		5,925		5,932,423
Federal National Mortgage Association Series 2005 5.50%, 02/01/2035			5		5,305
Series 2007 5.50%, 09/01/2036			3		3,426
5.50%, 08/01/2037			4		3,909
Series 2008 5.50%, 03/01/2037			2		1,609
Series 2017 3.50%, 06/01/2047			10		9,849
3.50%, 08/01/2047			17		16,258
3.50%, 10/01/2047			123		116,435
3.50%, 01/01/2048			6		5,823
Series 2018 3.50%, 01/01/2048			4		4,019
3.50%, 02/01/2048			140		132,054
3.50%, 03/01/2048			3,386		3,205,440
3.50%, 05/01/2048			13		11,952
4.50%, 09/01/2048			6,919		6,918,672
4.50%, 12/01/2048			4,646		4,648,987
Government National Mortgage Association Series 2022 5.00%, 11/20/2052			35,780		35,890,466
Series 2023 4.50%, 06/20/2053			17,850		17,620,719
Series 2024 2.50%, 10/01/2054, TBA			77,474		68,241,833
3.00%, 10/01/2054, TBA			86,646		79,018,348
4.00%, 10/01/2054, TBA			17,468		16,889,484
4.50%, 10/01/2054, TBA			112,495		111,062,286
5.00%, 10/01/2054, TBA			103,295		103,485,652



50 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

5.50%, 10/01/2054, TBA	U.S.$		187,007	$	188,818,163
6.00%, 10/01/2054, TBA			33,278		33,836,780
Uniform Mortgage-Backed Security Series 2024 2.00%, 10/01/2054, TBA			65,737		54,355,981
6.00%, 10/01/2054, TBA			53,685		54,861,246
6.50%, 10/01/2054, TBA			9,793		10,096,002


Total Mortgage Pass-Throughs (cost $799,343,851)					795,193,121


COVERED BONDS – 3.1%
Banco de Sabadell SA 1.00%, 04/26/2027^(a)	EUR		7,900		8,445,568
Bank of Montreal Series E 0.125%, 01/26/2027^(a)			17,195		18,123,913
Bank of Nova Scotia (The) 0.01%, 01/14/2027^(a)			17,880		18,808,395
Series E 0.01%, 12/15/2027^(a)			3,620		3,724,599
BPCE SFH SA 0.625%, 09/22/2027^(a)			5,200		5,482,901
Caisse de Refinancement de l’Habitat SA 2.75%, 04/12/2028^(a)			7,300		8,183,138
Caisse Francaise de Financement Local 0.01%, 02/22/2028^(a)			7,100		7,257,622
Cie de Financement Foncier SA 3.125%, 05/18/2027^(a)			4,700		5,314,675
Commonwealth Bank of Australia Series E 0.75%, 02/28/2028^(a)			4,795		5,029,203
Credit Agricole Home Loan SFH SA 2.875%, 06/23/2028^(a)			1,600		1,803,490
Series E 0.01%, 04/12/2028^(a)			1,900		1,937,901
0.875%, 08/31/2027^(a)			1,900		2,019,763
3.375%, 09/04/2028^(a)			8,400		9,637,951
National Australia Bank Ltd. 0.01%, 01/06/2029^(a)			17,865		17,819,494
Series G 0.625%, 03/16/2027^(a)			11,055		11,751,823
Nationwide Building Society 3.625%, 03/15/2028^(a)			10,740		12,383,952
Series E 1.125%, 05/31/2028^(a)			1,570		1,661,247
Royal Bank of Canada Series E 0.01%, 01/21/2027^(a)			3,100		3,261,155



abfunds.com		AB GLOBAL BOND FUND ^\| 51

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Santander UK PLC 1.125%, 03/12/2027^(a)	EUR		4,609	$	4,961,415
Series G 0.05%, 01/12/2027^(a)			15,000		15,779,211
Toronto-Dominion Bank (The) Series 28 0.10%, 07/19/2027^(a)			3,770		3,925,825
Series G 0.86%, 03/24/2027^(a)			1,500		1,603,053
Westpac Banking Corp. Series E 0.01%, 09/22/2028^(a)			10,098		10,152,495


Total Covered Bonds (cost $175,488,240)					179,068,789


COLLATERALIZED MORTGAGE OBLIGATIONS – 2.9%
Risk Share Floating Rate – 2.8%
Bellemeade Re Ltd. Series 2021-3A, Class A2 6.28% (CME Term SOFR + 1.00%), 09/25/2031^(a)(e)	U.S.$		7,225		7,217,652
Connecticut Avenue Securities Trust Series 2021-R01, Class 1M2 6.83% (CME Term SOFR + 1.55%), 10/25/2041^(a)(e)			758		760,720
Series 2022-R06, Class 1M1 8.03% (CME Term SOFR + 2.75%), 05/25/2042^(a)(e)			4,713		4,841,348
Series 2022-R08, Class 1M1 7.83% (CME Term SOFR + 2.55%), 07/25/2042^(a)(e)			9,555		9,808,473
Series 2023-R04, Class 1M1 7.56% (CME Term SOFR + 2.30%), 05/25/2043^(a)(e)			5,398		5,530,057
Series 2023-R05, Class 1M1 7.16% (CME Term SOFR + 1.90%), 06/25/2043^(a)(e)			4,826		4,875,160
Series 2024-R04, Class 1M1 6.38% (CME Term SOFR + 1.10%), 05/25/2044^(a)(e)			6,366		6,366,247
Series 2024-R06, Class 1M1 6.39% (CME Term SOFR + 1.05%), 09/25/2044^(a)(e)			4,057		4,058,589
Eagle RE Ltd. Series 2021-2, Class M1B 7.33% (CME Term SOFR + 2.05%), 04/25/2034^(a)(e)			677		678,044



52 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 2021-DNA5, Class M2 6.93% (CME Term SOFR + 1.65%), 01/25/2034^(a)(e)	U.S.$		3,379	$	3,397,929
Series 2021-DNA6, Class M1 6.08% (CME Term SOFR + 0.80%), 10/25/2041^(a)(e)			125		124,972
Series 2021-DNA6, Class M2 6.78% (CME Term SOFR + 1.50%), 10/25/2041^(a)(e)			15,395		15,479,361
Series 2021-DNA7, Class M1 6.13% (CME Term SOFR + 0.85%), 11/25/2041^(a)(e)			439		438,268
Series 2021-DNA7, Class M2 7.08% (CME Term SOFR + 1.80%), 11/25/2041^(a)(e)			13,277		13,414,953
Series 2021-HQA4, Class M1 6.23% (CME Term SOFR + 0.95%), 12/25/2041^(a)(e)			12,207		12,161,408
Series 2021-HQA4, Class M2 7.63% (CME Term SOFR + 2.35%), 12/25/2041^(a)(e)			6,919		7,006,469
Series 2023-DNA1, Class M1A 7.36% (CME Term SOFR + 2.10%), 03/25/2043^(a)(e)			12,170		12,321,721
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Debt Notes 2015-DNA1 Series 2015-DNA1, Class M3 8.695% (CME Term SOFR + 3.41%), 10/25/2027^(e)			328		328,470
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2022-DNA1 Series 2022-DNA1, Class M1A 6.28% (CME Term SOFR + 1.00%), 01/25/2042^(a)(e)			2,868		2,860,424
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2022-DNA3 Series 2022-DNA3, Class M2 9.63% (CME Term SOFR + 4.35%), 04/25/2042^(a)(e)			4,004		4,260,748



abfunds.com		AB GLOBAL BOND FUND ^\| 53

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2023-DNA2 Series 2023-DNA2, Class M1A 7.36% (CME Term SOFR + 2.10%), 04/25/2043^(a)(e)	U.S.$		10,893	$	11,058,516
Series 2023-DNA2, Class M1B 8.51% (CME Term SOFR + 3.25%), 04/25/2043^(a)(e)			2,664		2,797,222
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2024-DNA2 Series 2024-DNA2, Class A1 6.53% (CME Term SOFR + 1.25%), 05/25/2044^(a)(e)			2,080		2,082,046
Series 2024-DNA2, Class M1 6.48% (CME Term SOFR + 1.20%), 05/25/2044^(a)(e)			1,953		1,952,976
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2024-HQA2 Series 2024-HQA2, Class M1 6.48% (CME Term SOFR + 1.20%), 08/25/2044^(a)(e)			11,190		11,195,112
Federal National Mortgage Association Connecticut Avenue Securities Series 2014-C04, Class 1M2 10.295% (CME Term SOFR + 5.01%), 11/25/2024^(e)			1,037		1,037,431
Series 2015-C01, Class 1M2 9.695% (CME Term SOFR + 4.41%), 02/25/2025^(e)			950		960,276
Series 2015-C02, Class 1M2 9.395% (CME Term SOFR + 4.11%), 05/25/2025^(e)			1,030		1,047,656
Series 2015-C03, Class 1M2 10.395% (CME Term SOFR + 5.11%), 07/25/2025^(e)			242		248,026
Series 2015-C04, Class 1M2 11.095% (CME Term SOFR + 5.81%), 04/25/2028^(e)			766		798,581
Series 2015-C04, Class 2M2 10.945% (CME Term SOFR + 5.66%), 04/25/2028^(e)			3,070		3,091,584
Series 2016-C01, Class 2M2 12.345% (CME Term SOFR + 7.06%), 08/25/2028^(e)			379		397,876



54 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Series 2016-C02, Class 1M2 11.395% (CME Term SOFR + 6.11%), 09/25/2028^(e)	U.S.$		896	$	923,271
Series 2021-R02, Class 2M2 7.28% (CME Term SOFR + 2.00%), 11/25/2041^(a)(e)			7,361		7,388,243
Home RE Ltd. Series 2023-1, Class M1A 7.43% (CME Term SOFR + 2.15%), 10/25/2033^(a)(e)			2,697		2,699,837
JP Morgan Madison Avenue Securities Trust Series 2015-CH1, Class M2 10.895% (CME Term SOFR + 5.61%), 10/25/2025^(a)(e)			1,311		1,345,115
PMT Credit Risk Transfer Trust Series 2019-3R, Class A 9.06% (CME Term SOFR + 3.81%), 11/27/2031^(a)(e)			274		274,525

					165,229,306

Non-Agency Fixed Rate – 0.1%
Alternative Loan Trust Series 2006-24CB, Class A15 5.75%, 08/25/2036			1,215		656,051
Series 2006-26CB, Class A6 6.25%, 09/25/2036			110		54,903
Series 2006-26CB, Class A8 6.25%, 09/25/2036			412		205,099
Series 2006-J1, Class 1A11 5.50%, 02/25/2036			568		393,159
Series 2007-15CB, Class A19 5.75%, 07/25/2037			243		141,177
CHL Mortgage Pass-Through Trust Series 2007-3, Class A30 5.75%, 04/25/2037			757		355,212
Series 2007-HY4, Class 1A1 4.84%, 09/25/2047			204		187,415
Citigroup Mortgage Loan Trust Series 2007-AR4, Class 1A1A 4.71%, 03/25/2037			105		88,603
Residential Accredit Loans, Inc. Trust Series 2005-QS14, Class 3A1 6.00%, 09/25/2035			433		365,455



abfunds.com		AB GLOBAL BOND FUND ^\| 55

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Wells Fargo Mortgage Backed Securities Trust Series 2007-AR7, Class A1 6.23%, 12/28/2037	U.S.$		623	$	550,115

					2,997,189

Non-Agency Floating Rate – 0.0%
First Horizon Alternative Mortgage Securities Trust Series 2007-FA2, Class 1A10 5.22% (CME Term SOFR 1 Month + 0.36%), 04/25/2037^(e)			527		122,358


Total Collateralized Mortgage Obligations (cost $168,785,679)					168,348,853


COLLATERALIZED LOAN OBLIGATIONS – 2.6%
CLO - Floating Rate – 2.6%
AGL CLO 16 Ltd. Series 2021-16A, Class A 6.67% (CME Term SOFR 3 Month + 1.39%), 01/20/2035^(a)(e)			700		701,389
AIMCO CLO Series 2015-AA, Class AR3 6.41% (CME Term SOFR 3 Month + 1.25%), 10/17/2034^(a)(e)			8,010		8,013,388
Allegro CLO XI Ltd. Series 2019-2A, Class BR 7.18% (CME Term SOFR 3 Month + 1.90%), 01/19/2033^(a)(e)			11,755		11,783,747
Apidos CLO XXXII Series 2019-32A, Class A1R 6.38% (CME Term SOFR 3 Month + 1.10%), 01/20/2033^(a)(e)			7,975		7,979,586
Series 2019-32A, Class B1R 6.78% (CME Term SOFR 3 Month + 1.50%), 01/20/2033^(a)(e)			980		980,416
Apidos CLO XXXV Series 2021-35A, Class A 6.59% (CME Term SOFR 3 Month + 1.31%), 04/20/2034^(a)(e)			5,030		5,030,025
Bain Capital Credit CLO Ltd. Series 2020-1A, Class BR 7.08% (CME Term SOFR 3 Month + 1.80%), 04/18/2033^(a)(e)			6,802		6,816,451



56 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Balboa Bay Loan Funding Ltd. Series 2022-1A, Class A 6.71% (CME Term SOFR 3 Month + 1.43%), 04/20/2034^(a)(e)	U.S.$		4,500	$	4,504,194
Ballyrock CLO 16 Ltd. Series 2021-16A, Class A1 6.67% (CME Term SOFR 3 Month + 1.39%), 07/20/2034^(a)(e)			3,917		3,919,909
Betony CLO 2 Ltd. Series 2018-1A, Class A1 6.60% (CME Term SOFR 3 Month + 1.34%), 04/30/2031^(a)(e)			1,398		1,400,323
Elmwood CLO 15 Ltd. Series 2022-2A, Class A1 6.62% (CME Term SOFR 3 Month + 1.34%), 04/22/2035^(a)(e)			5,000		5,006,935
Invesco CLO Ltd. Series 2021-1A, Class A1 6.56% (CME Term SOFR 3 Month + 1.26%), 04/15/2034^(a)(e)			5,500		5,503,690
Kings Park CLO Ltd. Series 2021-1A, Class A 6.67% (CME Term SOFR 3 Month + 1.39%), 01/21/2035^(a)(e)			5,450		5,451,074
Marble Point CLO XI Ltd. Series 2017-2A, Class A 6.72% (CME Term SOFR 3 Month + 1.44%), 12/18/2030^(a)(e)			7,067		7,070,238
Octagon Loan Funding Ltd. Series 2014-1A, Class ARR 6.54% (CME Term SOFR 3 Month + 1.44%), 11/18/2031^(a)(e)			6,845		6,849,310
OZLM XVIII Ltd. Series 2018-18A, Class A 6.58% (CME Term SOFR 3 Month + 1.28%), 04/15/2031^(a)(e)			9,578		9,587,355
Peace Park CLO Ltd. Series 2021-1A, Class A 6.67% (CME Term SOFR 3 Month + 1.39%), 10/20/2034^(a)(e)			4,620		4,622,629
Series 2021-1A, Class B1 7.14% (CME Term SOFR 3 Month + 1.86%), 10/20/2034^(a)(e)			3,667		3,673,219
Pikes Peak CLO 15 2023 Ltd. Series 2023-15A, Class A1 7.03% (CME Term SOFR 3 Month + 1.75%), 10/20/2036^(a)(e)			4,990		5,022,394



abfunds.com		AB GLOBAL BOND FUND ^\| 57

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Pikes Peak CLO 8 Series 2021-8A, Class A 6.71% (CME Term SOFR 3 Month + 1.43%), 07/20/2034^(a)(e)	U.S.$		14,279	$	14,293,601
Rad CLO 14 Ltd. Series 2021-14A, Class A 6.73% (CME Term SOFR 3 Month + 1.43%), 01/15/2035^(a)(e)			4,750		4,759,595
Regatta XXIV Funding Ltd. Series 2021-5A, Class A1 6.69% (CME Term SOFR 3 Month + 1.41%), 01/20/2035^(a)(e)			450		450,685
Rockford Tower CLO Ltd. Series 2018-2A, Class A 6.70% (CME Term SOFR 3 Month + 1.42%), 10/20/2031^(a)(e)			6,027		6,031,805
Silver Point CLO 3 Ltd. Series 2023-3A, Class A1 7.21% (CME Term SOFR 3 Month + 1.93%), 11/29/2036^(a)(e)			10,514		10,595,083
VERDE CLO Ltd. Series 2019-1A, Class ARR 6.27% (CME Term SOFR 3 Month + 1.11%), 04/15/2032^(a)(e)			5,000		5,001,065
Voya CLO Ltd. Series 2018-3A, Class BR2 7.10% (CME Term SOFR 3 Month + 1.80%), 10/15/2031^(a)(e)			4,534		4,535,286


Total Collateralized Loan Obligations (cost $148,858,535)					149,583,392


LOCAL GOVERNMENTS - PROVINCIAL BONDS – 2.3%
Canada – 2.3%
Hydro Quebec Interest Strip Zero Coupon, 08/15/2038	CAD		5,631		2,364,768
Zero Coupon, 08/15/2041			5,631		2,068,125
Zero Coupon, 02/15/2042			5,631		2,012,164
Zero Coupon, 08/15/2042			5,631		1,980,090
Zero Coupon, 02/15/2043			5,631		1,922,545
Zero Coupon, 02/15/2044			5,631		1,844,437
Zero Coupon, 08/15/2044			5,631		1,804,453
Series JN Zero Coupon, 02/15/2046			5,631		1,696,441
Province of Ontario Canada 2.90%, 12/02/2046			60,112		36,668,311



58 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

3.45%, 06/02/2045	CAD		13,812	$	9,284,419
3.50%, 06/02/2043			13,598		9,287,101
Series E 0.375%, 04/08/2027^(a)	EUR		9,347		9,893,080
Province of Ontario Generic Coupon Strip Zero Coupon, 12/02/2036	CAD		5,669		2,591,270
Zero Coupon, 06/02/2037			5,669		2,529,757
Zero Coupon, 12/02/2037			5,631		2,454,028
Zero Coupon, 06/02/2038			5,669		2,411,743
Zero Coupon, 12/02/2038			5,669		2,355,183
Zero Coupon, 06/02/2039			5,669		2,300,795
Zero Coupon, 06/02/2040			5,669		2,200,170
Zero Coupon, 12/02/2040			5,631		2,138,458
Zero Coupon, 06/02/2041			5,631		2,084,950
Zero Coupon, 12/02/2041			5,669		2,069,348
Zero Coupon, 06/02/2042			5,669		2,003,150
Zero Coupon, 12/02/2046			5,631		1,641,780
Zero Coupon, 06/02/2047			5,669		1,619,681
Series INT Zero Coupon, 06/02/2043			5,631		1,900,474
Zero Coupon, 12/02/2045			5,631		1,710,997
Zero Coupon, 06/02/2046			5,669		1,687,710
Province of Quebec Canada 0.875%, 05/04/2027^(a)	EUR		19,183		20,546,695


Total Local Governments - Provincial Bonds (cost $129,281,295)					135,072,123


ASSET-BACKED SECURITIES – 2.1%
Other ABS - Fixed Rate – 1.6%
Accelerated LLC Series 2024-1A, Class A 4.68%, 08/22/2044^(a)(i)	U.S.$		8,161		8,139,960
Affirm Asset Securitization Trust Series 2024-B, Class A 4.62%, 09/15/2029^(a)			4,022		4,025,230
Amur Equipment Finance Receivables XII LLC Series 2023-1A, Class A2 6.09%, 12/20/2029^(a)			3,131		3,178,684
BHG Securitization Trust Series 2023-A, Class A 5.55%, 04/17/2036^(a)			3,842		3,856,536
Series 2023-B, Class A 6.92%, 12/17/2036^(a)			2,145		2,224,431



abfunds.com		AB GLOBAL BOND FUND ^\| 59

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

CCG Receivables Trust Series 2024-1, Class A2 4.99%, 03/15/2032^(a)	U.S.$		5,771	$	5,804,139
Clarus Capital Funding LLC Series 2024-1A, Class A2 4.71%, 08/20/2032^(a)			10,581		10,574,389
Series 2024-1A, Class B 4.79%, 08/20/2032^(a)			261		260,421
CNH Equipment Trust Series 2022-C, Class A2 5.42%, 07/15/2026			858		858,567
Crossroads Asset Trust Series 2024-A, Class A2 5.90%, 08/20/2030^(a)(i)			7,975		8,083,264
Dell Equipment Finance Trust Series 2023-1, Class A2 5.65%, 09/22/2028^(a)			455		454,902
Series 2023-3, Class A2 6.10%, 04/23/2029^(a)			2,590		2,598,113
Dext ABS LLC Series 2023-1, Class A2 5.99%, 03/15/2032^(a)			3,927		3,952,083
Series 2023-2, Class A2 6.56%, 05/15/2034^(a)			3,493		3,537,054
HINNT LLC Series 2024-A, Class A 5.49%, 03/15/2043^(a)			3,543		3,618,881
HPEFS Equipment Trust Series 2023-1A, Class A2 5.43%, 08/20/2025^(a)			1,203		1,203,844
Kubota Credit Owner Trust Series 2023-1A, Class A2 5.40%, 02/17/2026^(a)			2,421		2,422,121
Marlette Funding Trust Series 2023-3A, Class A 6.49%, 09/15/2033^(a)			628		628,496
Series 2024-1A, Class A 5.95%, 07/17/2034^(a)			1,985		1,995,641
Nelnet Student Loan Trust Series 2021-CA, Class B 2.53%, 04/20/2062^(a)			8,191		6,998,016
NMEF Funding LLC Series 2023-A, Class A2 6.57%, 06/17/2030^(a)			4,208		4,270,066
SBA Tower Trust Series 2014-2A, Class C 3.87%, 10/15/2049^(a)			3,008		3,005,921



60 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

SCF Equipment Leasing LLC Series 2024-1A, Class A2 5.88%, 11/20/2029^(a)	U.S.$		7,721	$	7,792,751
Sierra Timeshare Receivables Funding LLC Series 2024-2A, Class A 5.14%, 06/20/2041^(a)			3,972		4,039,743

					93,523,253

Autos - Fixed Rate – 0.4%
Ally Bank Auto Credit-Linked Notes Series 2024-A, Class A2 5.68%, 05/17/2032^(a)			3,647		3,700,503
BOF VII AL Funding Trust I Series 2023-CAR3, Class A2 6.29%, 07/26/2032^(a)			4,441		4,523,755
LAD Auto Receivables Trust Series 2023-2A, Class A2 5.93%, 06/15/2027^(a)			2,177		2,183,730
Merchants Fleet Funding LLC Series 2023-1A, Class A 7.21%, 05/20/2036^(a)			3,789		3,837,577
OCCU Auto Receivables Trust Series 2023-1A, Class A2 6.23%, 04/15/2027^(a)			2,058		2,067,800
Santander Bank Auto Credit-Linked Notes Series 2022-B, Class B 5.72%, 08/16/2032^(a)			526		526,004
Wheels Fleet Lease Funding 1 LLC Series 2023-2A, Class A 6.46%, 08/18/2038^(a)			4,081		4,133,575

					20,972,944

Other ABS - Floating Rate – 0.1%
Sotheby’s Artfi Master Trust Series 2024-1A, Class A2 6.25% (CME Term SOFR 3 Month + 1.50%), 12/22/2031^(a)(e)			8,490		8,489,779


Total Asset-Backed Securities (cost $123,281,340)					122,985,976


INFLATION-LINKED SECURITIES – 1.9%
Canada – 0.2%
Canadian Government Real Return Bond 4.00%, 12/01/2031	CAD		15,699		13,761,772



abfunds.com		AB GLOBAL BOND FUND ^\| 61

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value


Sweden – 0.5%
Sweden Inflation Linked Bond Series 3104 3.50%, 12/01/2028^(a)	SEK		30,335	$	5,427,751
Series 3112 0.125%, 06/01/2026^(a)			54,990		7,046,000
Series 3113 0.125%, 12/01/2027^(a)			117,360		14,803,419

					27,277,170

United States – 1.2%
U.S. Treasury Inflation Index 1.375%, 07/15/2033	U.S.$		68,145		67,191,947


Total Inflation-Linked Securities (cost $103,088,089)					108,230,889


SUPRANATIONALS – 1.8%
European Investment Bank 0.75%, 07/15/2027	AUD		15,292		9,690,526
1.80%, 01/19/2027			19,295		12,716,854
3.10%, 08/17/2026^(a)			9,991		6,799,685
European Union Series NGEU 3.375%, 10/05/2054^(a)	EUR		27,216		30,323,454
Inter-American Development Bank 2.50%, 04/14/2027^(a)	AUD		2,505		1,671,763
Series G 7.35%, 10/06/2030	INR		1,154,000		14,142,085
International Bank for Reconstruction & Development 3.00%, 10/19/2026	AUD		6,993		4,744,528
Series E 6.75%, 07/13/2029	INR		1,049,000		12,549,221
International Finance Corp. 4.45%, 05/14/2027	AUD		18,234		12,766,106


Total Supranationals (cost $105,277,180)					105,404,222


GOVERNMENTS - SOVEREIGN BONDS – 1.5%
Chile – 0.0%
Chile Electricity Lux MPC SARL 6.01%, 01/20/2033^(a)	U.S.$		425		442,056
Chile Government International Bond 3.10%, 05/07/2041			825		643,087
3.50%, 01/25/2050			650		498,550



62 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

5.33%, 01/05/2054	U.S.$		265	$	268,313

					1,852,006

Colombia – 0.1%
Colombia Government International Bond 8.00%, 11/14/2035			3,073		3,271,209


Germany – 0.6%
Kreditanstalt fuer Wiederaufbau 2.00%, 02/15/2027	AUD		6,000		3,970,561
3.20%, 09/11/2026			6,008		4,097,266
4.10%, 02/20/2026			37,326		25,835,005

					33,902,832

Hungary – 0.1%
Hungary Government International Bond 2.125%, 09/22/2031^(a)	U.S.$		673		557,580
3.125%, 09/21/2051^(a)			200		133,655
5.25%, 06/16/2029^(a)			310		314,377
5.50%, 03/26/2036^(a)			470		472,938
6.125%, 05/22/2028^(a)			250		260,640
6.25%, 09/22/2032^(a)			270		289,913
6.75%, 09/25/2052^(a)			420		473,445

					2,502,548

Indonesia – 0.3%
Indonesia Government International Bond 1.00%, 07/28/2029	EUR		5,330		5,326,802
2.15%, 07/28/2031	U.S.$		1,030		893,134
3.20%, 09/23/2061			640		447,600
3.375%, 07/30/2025^(a)	EUR		10,564		11,741,677
3.55%, 03/31/2032	U.S.$		200		188,250
4.30%, 03/31/2052			750		679,453

					19,276,916

Israel – 0.0%
Israel Government International Bond Series 30Y 5.75%, 03/12/2054			360		342,285


Kazakhstan – 0.0%
Kazakhstan Government International Bond 6.50%, 07/21/2045^(a)			325		385,227


Mexico – 0.0%
Mexico Government International Bond 2.66%, 05/24/2031			400		343,124



abfunds.com		AB GLOBAL BOND FUND ^\| 63

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

4.28%, 08/14/2041	U.S.$		500	$	409,531
5.00%, 04/27/2051			550		463,721
6.34%, 05/04/2053			248		246,528

					1,462,904

Panama – 0.0%
Panama Government International Bond 3.87%, 07/23/2060			400		251,500
3.875%, 03/17/2028			920		885,500
6.85%, 03/28/2054			200		202,100
8.00%, 03/01/2038			200		225,300

					1,564,400

Peru – 0.0%
Peruvian Government International Bond 1.86%, 12/01/2032			150		120,516
2.78%, 12/01/2060			105		63,345
3.55%, 03/10/2051			660		500,676

					684,537

Philippines – 0.0%
Philippine Government International Bond 1.95%, 01/06/2032			1,660		1,406,568
3.23%, 03/29/2027			205		200,708
3.56%, 09/29/2032			205		192,123
4.20%, 03/29/2047			205		183,055

					1,982,454

Poland – 0.0%
Republic of Poland Government International Bond 4.875%, 10/04/2033			442		448,625
5.50%, 04/04/2053			158		162,037

					610,662

Qatar – 0.0%
Qatar Government International Bond 3.75%, 04/16/2030^(a)			1,110		1,098,206
4.40%, 04/16/2050^(a)			490		453,250

					1,551,456

Romania – 0.3%
Romanian Government International Bond 2.875%, 04/13/2042^(a)	EUR		300		225,413
3.00%, 02/14/2031^(a)	U.S.$		1,130		983,383
3.625%, 03/27/2032^(a)			256		227,600
5.125%, 09/24/2031^(a)	EUR		10,109		11,309,097
5.25%, 11/25/2027^(a)	U.S.$		694		699,014



64 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

5.75%, 03/24/2035^(a)	U.S.$		490	$	486,325
6.375%, 01/30/2034^(a)			300		311,625
6.625%, 02/17/2028^(a)			270		282,285

					14,524,742

Saudi Arabia – 0.1%
KSA Sukuk Ltd. 5.27%, 10/25/2028^(a)			405		421,541
Saudi Government International Bond 3.45%, 02/02/2061^(a)			290		196,774
3.625%, 03/04/2028^(a)			370		362,600
3.75%, 01/21/2055^(a)			970		715,678
5.00%, 04/17/2049^(a)			407		382,071
5.75%, 01/16/2054^(a)			225		229,219

					2,307,883

Uruguay – 0.0%
Oriental Republic of Uruguay 5.25%, 09/10/2060			595		594,814
Uruguay Government International Bond 4.375%, 01/23/2031			430		432,150
5.75%, 10/28/2034			220		239,181

					1,266,145

Total Governments - Sovereign Bonds (cost $89,537,933)					87,488,206


LOCAL GOVERNMENTS - REGIONAL BONDS – 1.4%
Australia – 0.7%
Treasury Corp. of Victoria 2.00%, 11/20/2037	AUD		21,955		10,577,556
2.25%, 09/15/2033^(a)			30,763		17,437,842
2.25%, 11/20/2034			26,945		14,731,313

					42,746,711

Japan – 0.7%
Japan Finance Organization for Municipalities Series G 0.05%, 02/12/2027^(a)	EUR		29,930		31,447,354
2.375%, 09/08/2027^(a)			9,345		10,351,556

					41,798,910

Total Local Governments - Regional Bonds (cost $84,222,625)					84,545,621



abfunds.com		AB GLOBAL BOND FUND ^\| 65

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.4%
Non-Agency Floating Rate CMBS – 1.2%
Ashford Hospitality Trust Series 2018-KEYS, Class A 6.39% (CME Term SOFR 1 Month + 1.30%), 06/15/2035^(a)(e)	U.S.$		874	$	866,757
BAMLL Commercial Mortgage Securities Trust Series 2017-SCH, Class AF 6.14% (CME Term SOFR 1 Month + 1.05%), 11/15/2033^(a)(e)			6,275		6,266,415
BOCA Commercial Mortgage Trust Series 2024-BOCA, Class A 7.02% (CME Term SOFR 1 Month + 1.92%), 08/15/2041^(a)(e)			2,000		1,999,999
BX Commercial Mortgage Trust Series 2024-AIR2, Class A 6.59% (CME Term SOFR 1 Month + 1.49%), 10/15/2041^(a)(e)			2,460		2,460,000
Great Wolf Trust Series 2024-WOLF, Class A 6.64% (CME Term SOFR 1 Month + 1.54%), 03/15/2039^(a)(e)			16,019		15,983,958
Great Wolf Trust 2024 Series 2024-WLF2, Class A 6.79% (CME Term SOFR 1 Month + 1.69%), 05/15/2041^(a)(e)			2,316		2,316,005
Natixis Commercial Mortgage Securities Trust Series 2019-MILE, Class A 6.68% (CME Term SOFR 1 Month + 1.58%), 07/15/2036^(a)(e)			10,690		9,625,241
Series 2022-JERI, Class A 6.50% (CME Term SOFR 1 Month + 1.40%), 01/15/2039^(a)(e)			8,113		7,406,957
NJ Trust Series 2023-GSP, Class A 6.70%, 01/06/2029^(a)			6,238		6,615,335
NRTH Mortgage Trust Series 2024-PARK, Class A 6.74% (CME Term SOFR 1 Month + 1.64%), 03/15/2039^(a)(e)			14,214		14,220,392



66 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Wells Fargo Commercial Mortgage Trust Series 2024-MGP, Class A12 6.79% (CME Term SOFR 1 Month + 1.69%), 08/15/2041^(a)(e)	U.S.$		4,555	$	4,553,126

					72,314,185

Non-Agency Fixed Rate CMBS – 0.2%
225 Liberty Street Trust Series 2016-225L, Class E 4.80%, 02/10/2036^(a)			9,098		7,110,194
Commercial Mortgage Trust Series 2012-CR3, Class D 4.29%, 10/15/2045^(a)			2,322		1,532,566
DTP Commercial Mortgage Trust Series 2023-STE2, Class A 6.04%, 01/15/2041^(a)			1,329		1,366,172

					10,008,932

Total Commercial Mortgage-Backed Securities (cost $85,782,627)					82,323,117


GOVERNMENTS - SOVEREIGN AGENCIES – 1.3%
Belgium – 0.5%
Dexia SA Series E Zero Coupon, 01/21/2028^(a)	EUR		22,100		22,755,927
0.01%, 01/22/2027^(a)			7,200		7,590,655

					30,346,582

Canada – 0.1%
Canada Housing Trust No. 1 4.25%, 03/15/2034^(a)	CAD		9,605		7,629,508


France – 0.3%
SNCF Reseau Series E 1.875%, 03/30/2034^(a)	EUR		3,200		3,185,431
3.125%, 10/25/2028^(a)			9,800		11,068,046

					14,253,477

Japan – 0.4%
Development Bank of Japan, Inc. Series G 0.01%, 09/09/2025^(a)			15,859		17,199,977
0.875%, 10/10/2025^(a)			5,600		6,114,526

					23,314,503

Total Governments - Sovereign Agencies (cost $73,674,249)					75,544,070



abfunds.com		AB GLOBAL BOND FUND ^\| 67

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

EMERGING MARKETS - CORPORATE BONDS – 0.9%
Industrial – 0.8%
Basic – 0.4%
Braskem Idesa SAPI 6.99%, 02/20/2032^(a)	U.S.$		4,523	$	3,561,863
Braskem Netherlands Finance BV 4.50%, 01/10/2028^(a)			8,736		8,222,760
JSW Steel Ltd. 3.95%, 04/05/2027^(a)			3,300		3,169,031
Periama Holdings LLC/DE 5.95%, 04/19/2026^(a)			2,478		2,472,579
Stillwater Mining Co. 4.00%, 11/16/2026^(a)			5,827		5,564,785
UPL Corp., Ltd. 4.50%, 03/08/2028^(a)			240		216,675
4.625%, 06/16/2030^(a)			380		323,594

					23,531,287

Communications - Media – 0.0%
Globo Comunicacao e Participacoes SA 4.875%, 01/22/2030^(a)			879		827,359


Consumer Non-Cyclical – 0.0%
BRF GmbH 4.35%, 09/29/2026^(a)			1,475		1,439,231
Virgolino de Oliveira Finance SA 10.50%, 01/28/2018^{(g)(h)(i)(j)(k)}			4,270		427

					1,439,658

Energy – 0.4%
Acu Petroleo Luxembourg SARL 7.50%, 01/13/2032^(a)			3,262		3,265,634
Ecopetrol SA 4.625%, 11/02/2031			914		783,024
6.875%, 04/29/2030			1,505		1,501,418
8.375%, 01/19/2036			1,614		1,646,280
8.625%, 01/19/2029			4,947		5,319,262
Greenko Dutch BV 3.85%, 03/29/2026^(a)			358		345,470
Greenko Solar Mauritius Ltd. 5.95%, 07/29/2026^(a)			215		214,261
Greenko Wind Projects Mauritius Ltd. 5.50%, 04/06/2025^(a)			7,560		7,526,925
Leviathan Bond Ltd. 6.125%, 06/30/2025^(a)			3,835		3,767,454

					24,369,728

					50,168,032



68 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Utility – 0.1%
Electric – 0.0%
Diamond II Ltd. 7.95%, 07/28/2026^(a)	U.S.$		2,135	$	2,165,175


Other Utility – 0.1%
Aegea Finance SARL 6.75%, 05/20/2029^(a)			2,647		2,688,745

					4,853,920

Total Emerging Markets - Corporate Bonds (cost $58,163,214)					55,021,952


CORPORATES - NON-INVESTMENT GRADE – 0.9%
Industrial – 0.7%
Basic – 0.0%
INEOS Quattro Finance 2 PLC 8.50%, 03/15/2029^(a)	EUR		2,655		3,125,318


Capital Goods – 0.0%
Veralto Corp. 4.15%, 09/19/2031			237		276,687


Communications - Media – 0.2%
DISH DBS Corp. 5.25%, 12/01/2026^(a)	U.S.$		6,681		6,195,747
5.75%, 12/01/2028^(a)			6,707		5,889,122

					12,084,869

Communications - Telecommunications – 0.1%
Altice France SA 5.50%, 10/15/2029^(a)			7,410		5,191,717


Consumer Cyclical - Automotive – 0.1%
ZF Finance GmbH Series E 2.00%, 05/06/2027^(a)	EUR		5,300		5,488,153


Consumer Cyclical - Other – 0.1%
Hilton Domestic Operating Co., Inc. 5.875%, 04/01/2029^(a)	U.S.$		3,279		3,363,521
6.125%, 04/01/2032^(a)			1,878		1,933,974

					5,297,495



abfunds.com		AB GLOBAL BOND FUND ^\| 69

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Consumer Cyclical - Retailers – 0.1%
Dollarama, Inc. 2.44%, 07/09/2029	CAD		6,936	$	4,862,734


Technology – 0.0%
Cedacri Mergeco SpA 8.17% (EURIBOR 3 Month + 4.63%), 05/15/2028^(a)(e)	EUR		2,165		2,402,807


Transportation - Services – 0.1%
NAC Aviation 29 DAC 4.75%, 06/30/2026	U.S.$		4,200		4,019,265

					42,749,045

Financial Institutions – 0.2%
Banking – 0.1%
Banco Bilbao Vizcaya Argentaria SA 6.125%, 11/16/2027^(d)			3,400		3,308,701


Finance – 0.1%
SLM Corp. 4.20%, 10/29/2025			6,276		6,208,252


REITs – 0.0%
Vivion Investments SARL Series E 8.00%, 02/28/2029^(a)(f)(l)	EUR		23		24,901

					9,541,854

Total Corporates - Non-Investment Grade (cost $53,341,901)					52,290,899


QUASI-SOVEREIGNS – 0.8%
Quasi-Sovereign Bonds – 0.8%
Chile – 0.3%
Corp. Nacional del Cobre de Chile 3.75%, 01/15/2031^(a)	U.S.$		530		494,225
5.125%, 02/02/2033^(a)			3,837		3,823,810
5.95%, 01/08/2034^(a)			7,781		8,177,345
6.44%, 01/26/2036^(a)			230		250,053
Empresa de Transporte de Pasajeros Metro SA 3.65%, 05/07/2030^(a)			370		350,344
4.70%, 05/07/2050^(a)			370		325,833
Empresa Nacional del Petroleo 5.95%, 07/30/2034^(a)			280		294,140

					13,715,750



70 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

China – 0.0%
CNAC HK Finbridge Co., Ltd. 3.00%, 09/22/2030^(a)	U.S.$		540	$	494,438


Hong Kong – 0.0%
Airport Authority 2.10%, 03/08/2026^(a)(d)			250		241,688
3.50%, 01/12/2062^(a)			350		280,808

					522,496

Hungary – 0.0%
Magyar Export-Import Bank Zrt 6.125%, 12/04/2027^(a)			310		318,429


Indonesia – 0.0%
Pertamina Persero PT 1.40%, 02/09/2026^(a)			480		458,400
4.15%, 02/25/2060^(a)			410		326,721
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 4.125%, 05/15/2027^(a)			460		455,687
5.25%, 10/24/2042^(a)			205		196,544

					1,437,352

Kazakhstan – 0.0%
Fund of National Welfare Samruk-Kazyna JSC 2.00%, 10/28/2026^(a)			473		445,949


Malaysia – 0.0%
Petronas Capital Ltd. 2.48%, 01/28/2032^(a)			1,000		870,680


Mexico – 0.3%
Comision Federal de Electricidad 3.35%, 02/09/2031^(a)			7,524		6,456,570
3.875%, 07/26/2033^(a)			2,171		1,833,952
4.68%, 02/09/2051^(a)			220		165,138
4.69%, 05/15/2029^(a)			240		231,871
5.00%, 09/29/2036^(a)			3,054		2,786,560
6.45%, 01/24/2035^(a)			390		388,732
Petroleos Mexicanos 6.50%, 03/13/2027			3,505		3,433,148
6.70%, 02/16/2032			3,774		3,374,522

					18,670,493

Panama – 0.0%
Banco Nacional de Panama 2.50%, 08/11/2030^(a)			200		165,188



abfunds.com		AB GLOBAL BOND FUND ^\| 71

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Peru – 0.0%
Corp. Financiera de Desarrollo SA 5.95%, 04/30/2029^(a)	U.S.$		430	$	444,757


Poland – 0.0%
Bank Gospodarstwa Krajowego 5.375%, 05/22/2033^(a)			265		270,989
6.25%, 10/31/2028^(a)			227		243,298
6.25%, 07/09/2054^(a)			415		445,486

					959,773

Qatar – 0.0%
QatarEnergy 2.25%, 07/12/2031^(a)			540		475,200
3.30%, 07/12/2051^(a)			500		374,375

					849,575

Saudi Arabia – 0.0%
Gaci First Investment Co. 5.00%, 10/13/2027^(a)			430		435,017
5.125%, 02/14/2053^(a)			415		376,933

					811,950

South Africa – 0.1%
Transnet SOC Ltd. 8.25%, 02/06/2028^(a)			5,065		5,256,508


United Arab Emirates – 0.1%
Abu Dhabi Crude Oil Pipeline LLC 3.65%, 11/02/2029^(a)			270		262,575
4.60%, 11/02/2047^(a)			250		234,882
Abu Dhabi Ports Co. PJSC Series E 2.50%, 05/06/2031^(a)			280		247,275
DP World Ltd./United Arab Emirates 6.85%, 07/02/2037^(a)			230		261,462
MDGH GMTN RSC Ltd. 3.70%, 11/07/2049^(a)			520		415,366
Series G 2.50%, 06/03/2031^(a)			690		616,472
3.375%, 03/28/2032^(a)			260		243,181

					2,281,213

Total Quasi-Sovereigns (cost $47,889,536)					47,244,551


LOCAL GOVERNMENTS - US MUNICIPAL BONDS – 0.5%
United States – 0.5%
California Earthquake Authority Series 2022-A 5.60%, 07/01/2027			4,745		4,815,476



72 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)		U.S. $ Value

Commonwealth Financing Authority Series 2016-A 4.14%, 06/01/2038	U.S.$		2,640	$	2,531,696
New Jersey Economic Development Authority Series 1997-A 7.425%, 02/15/2029			5,982		6,459,884
New Jersey Transportation Trust Fund Authority Series 2010-C 5.75%, 12/15/2028			4,740		4,853,122
State Board of Administration Finance Corp. Series 2020-A 2.15%, 07/01/2030			7,016		6,231,942
Series 2024-A 5.53%, 07/01/2034			4,802		5,063,453
State of Hawaii Series 2023-G 5.25%, 10/01/2029			1,640		1,741,976


Total Local Governments - US Municipal Bonds (cost $30,790,410)					31,697,549


BANK LOANS – 0.2%
Industrial – 0.2%
Consumer Cyclical - Restaurants – 0.0%
IRB Holding Corp. 8.10% (CME Term SOFR 1 Month + 2.75%), 12/15/2027^(m)			1,083		1,081,846


Consumer Non-Cyclical – 0.2%
Hertz Corp. (The) 8.46% (CME Term SOFR 1 Month + 3.50%), 06/30/2028^(m)			1,250		1,115,762
8.88% (CME Term SOFR 1 Month + 3.50%), 06/30/2028^(m)			7,710		6,882,161

					7,997,923

Total Bank Loans (cost $9,258,940)					9,079,769


EMERGING MARKETS - SOVEREIGNS – 0.1%
Dominican Republic – 0.1%
Dominican Republic International Bond 5.95%, 01/25/2027^(a) (cost $6,889,448)			7,003		7,097,103



abfunds.com		AB GLOBAL BOND FUND ^\| 73

PORTFOLIO OF INVESTMENTS (continued)

Principal
Amount
(000)

U.S. $ Value

LOCAL GOVERNMENTS - CANADIAN MUNICIPAL BONDS – 0.0%

Canada – 0.0%

City of Calgary Canada
4.20%, 06/01/2034
(cost $2,561,739)

U.S.$

3,456

2,648,195

COMMON STOCKS – 0.0%

Financials – 0.0%

Banks – 0.0%

Nordic Aviation Capital DAC^(g)(i)(k)

81,699

1,593,130

Nordic Aviation Capital DAC (Restrictive Legend)^(g)(i)(k)

4,956

96,642

1,689,772

Energy – 0.0%

Oil, Gas & Consumable Fuels – 0.0%

SandRidge Energy, Inc.

4,459

54,534

Total Common Stocks
(cost $3,448,677)

1,744,306

Principal
Amount
(000)

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

SHORT-TERM
INVESTMENTS – 1.9%

Investment Companies – 1.7%

AB Fixed Income Shares, Inc. – Government Money Market Portfolio – Class AB, 4.73%^(n)(o)(p)
(cost $97,830,004)

97,830,004



74 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)


		Principal Amount (000)			U.S. $ Value

Time Deposits – 0.2%
BBH, New York 2.83%, 10/01/2024	NZD		0	**	$	1
3.18%, 10/01/2024	NOK		4			367
Citibank, London 2.33%, 10/01/2024	EUR		2,358			2,624,960
JPMorgan Chase, New York 4.18%, 10/01/2024	U.S.$		8,842			8,841,890
Royal Bank of Canada, London 3.91%, 10/01/2024	GBP		38			51,328
Royal Bank of Canada, Toronto 3.03%, 10/01/2024	CAD		257			189,855


Total Time Deposits (cost $11,708,401)						11,708,401


Total Short-Term Investments (cost $109,538,405)						109,538,405


Total Investments – 111.3% (cost $6,493,595,937)						6,484,022,422
Other assets less liabilities – (11.3)%						(660,501,872	)


Net Assets – 100.0%					$	5,823,520,550

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		December 2024	$	666,884	$	(1,375	)
Canadian 5 Yr Bond Futures		6		December 2024		512,137		3,505
Canadian 10 Yr Bond Futures		2		December 2024		184,864		1,050
Euro-BOBL Futures		1,451		December 2024		193,902,434		544,931
Euro-Bund Futures		29		December 2024		4,355,400		(8,371	)
Euro-Schatz Futures		43		December 2024		5,129,980		22,018
Long Gilt Futures		8		December 2024		1,052,768		(10,896	)
U.S. Long Bond (CBT) Futures		75		December 2024		9,314,062		(47,117	)
U.S. T-Note 2 Yr (CBT) Futures		2,245		December 2024		467,503,712		387,525
U.S. T-Note 5 Yr (CBT) Futures		3,676		December 2024		403,929,221		(1,099,740	)
U.S. T-Note 10 Yr (CBT) Futures		16		December 2024		1,828,500		1,633
U.S. Ultra Bond (CBT) Futures		196		December 2024		26,086,375		(78,766	)

Sold Contracts
Australian 10 Yr Bond Futures		214		December 2024		17,220,698		149,981
Canadian 5 Yr Bond Futures		1,479		December 2024		126,241,828		(863,921	)
Canadian 10 Yr Bond Futures		147		December 2024		13,587,541		(76,084	)
Euro Buxl 30 Yr Bond Futures		103		December 2024		15,625,108		(121,444	)



abfunds.com		AB GLOBAL BOND FUND ^\| 75

PORTFOLIO OF INVESTMENTS (continued)


Description	Number of Contracts		Expiration Month		Current Notional		Value and Unrealized Appreciation (Depreciation)
Euro-BOBL Futures		21		December 2024	$	2,806,307	$	(24,779	)
Euro-Schatz Futures		257		December 2024		30,660,575		(135,888	)
Japan 10 Yr Bond (OSE) Futures		277		December 2024		278,782,745		339,120
U.S. 10 Yr Ultra Futures		1,456		December 2024		172,240,250		(26,008	)
U.S. Long Bond (CBT) Futures		152		December 2024		18,876,500		106,242
U.S. T-Note 2 Yr (CBT) Futures		15		December 2024		3,123,633		117
U.S. T-Note 5 Yr (CBT) Futures		45		December 2024		4,944,727		(5,687	)

							$	(943,954	)

FORWARD CURRENCY EXCHANGE CONTRACTS (see Note D)


Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation (Depreciation)
Bank of America NA	GBP	31,646	USD	42,373		10/16/2024	$	64,295
Bank of America NA	USD	1,411	JPY	201,688		10/16/2024		(4,741	)
Bank of America NA	EUR	1,010,430	USD	1,107,975		10/25/2024		(17,954,018	)
Bank of America NA	USD	712	EUR	641		10/25/2024		2,654
Bank of America NA	CAD	415,542	USD	306,590		11/07/2024		(936,849	)
Bank of America NA	GBP	169,589	USD	224,566		11/08/2024		(2,158,797	)
Barclays Bank PLC	BRL	140,170	USD	25,224		10/02/2024		(506,535	)
Barclays Bank PLC	USD	25,728	BRL	140,170		10/02/2024		1,889
Barclays Bank PLC	AUD	195,829	USD	134,575		10/16/2024		(843,763	)
Barclays Bank PLC	USD	827	EUR	754		10/25/2024		13,551
Barclays Bank PLC	CNH	1,060,053	USD	151,037		11/21/2024		(890,590	)
Barclays Bank PLC	USD	868	INR	73,140		12/06/2024		1,773
BNP Paribas SA	CNH	719,285	USD	102,492		10/16/2024		(284,314	)
Brown Brothers Harriman & Co.	EUR	5,242	USD	5,856		10/16/2024		17,914
Brown Brothers Harriman & Co.	JPY	30,889	USD	214		10/16/2024		(1,509	)
Brown Brothers Harriman & Co.	EUR	342	USD	382		10/25/2024		370
Brown Brothers Harriman & Co.	EUR	326	USD	363		10/25/2024		(920	)
Brown Brothers Harriman & Co.	USD	368	CAD	496		11/07/2024		(1,449	)
Brown Brothers Harriman & Co.	GBP	331	USD	435		11/08/2024		(7,204	)
Brown Brothers Harriman & Co.	USD	329	GBP	252		11/08/2024		7,799
Brown Brothers Harriman & Co.	AUD	285	USD	193		11/22/2024		(4,296	)
Citibank NA	EUR	8,106	USD	8,887		10/10/2024		(139,104	)
Citibank NA	USD	15,161	EUR	13,586		10/16/2024		(28,569	)
Citibank NA	CAD	205,200	USD	152,636		10/18/2024		853,536
Citibank NA	IDR	1,357,048,358	USD	83,193		10/25/2024		(6,036,473	)
Citibank NA	USD	1,221	EUR	1,106		10/25/2024		10,724
Deutsche Bank AG	JPY	26,639,537	USD	185,823		10/16/2024		87,686
Deutsche Bank AG	USD	80,667	JPY	11,563,796		10/16/2024		(42,424	)
Deutsche Bank AG	USD	1,336	EUR	1,220		10/25/2024		23,832
HSBC Bank USA	EUR	8,474	USD	9,440		10/25/2024		(2,840	)
HSBC Bank USA	USD	2,014	EUR	1,837		10/25/2024		33,172
JPMorgan Chase Bank NA	USD	18,991	GBP	14,191		10/16/2024		(18,379	)
JPMorgan Chase Bank NA	JPY	42,342,031	USD	290,047		10/17/2024		(5,216,083	)
JPMorgan Chase Bank NA	USD	33,065	CAD	44,445		10/18/2024		(189,284	)
Morgan Stanley Capital Services LLC	BRL	136,949	USD	25,137		10/02/2024		(1,846	)
Morgan Stanley Capital Services LLC	USD	24,909	BRL	136,949		10/02/2024		229,989



76 ^\| 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	KRW	102,322,645	USD	74,714		10/18/2024	$	(2,925,631	)
Morgan Stanley Capital Services LLC	SEK	265,695	USD	26,302		10/18/2024		118,352
Morgan Stanley Capital Services LLC	COP	292,143,252	USD	69,603		11/08/2024		496,286
Morgan Stanley Capital Services LLC	MYR	115,081	USD	26,395		11/21/2024		(1,515,004	)
NatWest Markets PLC	EUR	187,021	USD	208,546		10/16/2024		236,512
Societe Generale	GBP	51,318	USD	68,483		10/16/2024		(125,862	)
Standard Chartered Bank	USD	52,341	IDR	812,686,121		10/25/2024		1,095,642
UBS AG	USD	1,507	EUR	1,364		10/25/2024		13,211
UBS AG	PEN	24,266	USD	6,397		11/08/2024		(145,709	)

							$	(36,673,006	)

CENTRALLY CLEARED CREDIT DEFAULT SWAPS (see Note D)


Description	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at September 30, 2024			Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
Buy Contracts
iTraxx Australia Series 42, 5 Year Index, 12/20/2029*		1.00	%		Quarterly		0.64	%		USD	83,510	$	(1,457,383	)	$	(1,412,356	)	$	(45,027	)
iTraxx-Europe Series 42, 5 Year Index, 12/20/2029*		1.00			Quarterly		0.59			EUR	141,000		(3,197,731	)		(3,058,876	)		(138,855	)
Sale Contracts
CDX-NAIG Series 43, 5 Year Index, 12/20/2029*		1.00			Quarterly		0.53	%		USD	83,510		1,892,461			1,880,498			11,963

												$	(2,762,653	)	$	(2,590,734	)	$	(171,919	)

*	Termination date



abfunds.com		AB GLOBAL BOND FUND ^\| 77

PORTFOLIO OF INVESTMENTS (continued)

CENTRALLY CLEARED INTEREST RATE SWAPS (see Note D)


				Rate Type
Notional Amount (000)		Termination Date		Payments made by the Fund		Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
SEK	566,036		08/30/2026		2.290%	3 Month STIBOR	Annual/ Quarterly	$	(176,839	)	$	– 0	–	$	(176,839	)
SEK	566,036		09/02/2026		2.265%	3 Month STIBOR	Annual/ Quarterly		(158,081	)		– 0	–		(158,081	)
SEK	566,036		09/02/2026		2.298%	3 Month STIBOR	Annual/ Quarterly		(193,840	)		– 0	–		(193,840	)
SEK	566,035		09/02/2026		2.257%	3 Month STIBOR	Annual/ Quarterly		(149,412	)		– 0	–		(149,412	)
SEK	517,877		09/02/2026		2.250%	3 Month STIBOR	Annual/ Quarterly		(129,760	)		– 0	–		(129,760	)

								$	(807,932	)	$	– 0	–	$	(807,932	)

**	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 September 30, 2024, the aggregate market value of these securities amounted to $2,588,439,586 or 44.45% of net assets.

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

(c)	Position, or a portion thereof, has been segregated to collateralize forward currency exchange contracts.

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

(e)	Floating Rate Security. Stated interest/floor/ceiling rate was in effect at September 30, 2024.

(f)	Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at September 30, 2024.

(g)	Fair valued by the Adviser.

(h)	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 September 30, 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	$	189,662	$	167,227		0.00	%
Virgolino de Oliveira Finance SA 10.50%, 01/28/2018	06/13/2013 – 09/23/2014		3,859,889		427		0.00	%

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

(j)	Defaulted matured security.

(k)	Non-income producing security.

(l)	Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at September 30, 2024.

(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 September 30, 2024.



78 ^\| AB GLOBAL BOND FUND		abfunds.com

PORTFOLIO OF INVESTMENTS (continued)

(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.

(p)	Affiliated investments.

Currency Abbreviations:

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CNH – Chinese Yuan Renminbi (Offshore)

CNY – Chinese Yuan Renminbi

COP – Colombian Peso

EUR – Euro

GBP – Great British Pound

IDR – Indonesian Rupiah

INR – Indian Rupee

JPY – Japanese Yen

KRW – South Korean Won

MYR – Malaysian Ringgit

NOK – Norwegian Krone

NZD – New Zealand Dollar

PEN – Peruvian Sol

SEK – Swedish Krona

USD – United States Dollar

ZAR – South African Rand

Glossary:

ABS – Asset-Backed Securities

BOBL – Bundesobligationen

CBT – Chicago Board of Trade

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

CLO – Collateralized Loan Obligations

CMBS – Commercial Mortgage-Backed Securities

CME – Chicago Mercantile Exchange

EURIBOR – Euro Interbank Offered Rate

GMTN – Global Medium Term Note

JSC – Joint Stock Company

LP – Limited Partnership

OAT – Obligations Assimilables du Trésor

OSE – Osaka Securities Exchange

PJSC – Public Joint Stock Company

REIT – Real Estate Investment Trust

SOFR – Secured Overnight Financing Rate

STIBOR – Stockholm Interbank Offered Rate

TBA – To Be Announced

See notes to financial statements.



abfunds.com		AB GLOBAL BOND FUND ^\| 79

STATEMENT OF ASSETS & LIABILITIES

September 30, 2024


Assets
Investments in securities, at value
Unaffiliated issuers (cost $6,395,765,933)	$	6,386,192,418
Affiliated issuers (cost $97,830,004)		97,830,004
Cash		27,940
Cash collateral due from broker		19,806,614
Foreign currencies, at value (cost $3,772,035)		3,758,716
Receivable for investment securities sold and foreign currency transactions		336,809,596
Unaffiliated interest receivable		52,866,123
Receivable for capital stock sold		13,507,205
Unrealized appreciation on forward currency exchange contracts		3,309,187
Affiliated dividends receivable		381,958
Receivable for variation margin on centrally cleared swaps		290,101
Receivable due from Adviser		17,321

Total assets		6,914,797,183

Liabilities
Payable for investment securities purchased		1,039,083,176
Unrealized depreciation on forward currency exchange contracts		39,982,193
Payable for capital stock redeemed		2,441,318
Payable for unsettled reverse repurchase agreements		2,357,485
Advisory fee payable		2,056,167
Dividends payable		1,899,715
Payable for capital gains taxes		673,770
Cash collateral due to broker		600,000
Payable for variation margin on futures		476,442
Transfer Agent fee payable		120,795
Distribution fee payable		66,813
Administrative fee payable		60,028
Accrued expenses		1,458,731

Total liabilities		1,091,276,633

Net Assets	$	5,823,520,550

Composition of Net Assets
Capital stock, at par	$	827,895
Additional paid-in capital		6,679,124,928
Accumulated loss		(856,432,273	)

	$	5,823,520,550



80 ^\| 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	$	312,046,587		44,325,496	$	7.04	*

C	$	8,926,820		1,263,815	$	7.06

Advisor	$	4,052,962,246		576,268,893	$	7.03

I	$	592,294,702		84,199,472	$	7.03

Z	$	857,290,195		121,837,414	$	7.04

*	The maximum offering price per share for Class A shares was $7.35, which reflects a sales charge of 4.25%.

See notes to financial statements.



abfunds.com		AB GLOBAL BOND FUND ^\| 81

STATEMENT OF OPERATIONS

Year Ended September 30, 2024


Investment Income
Interest (net of foreign taxes withheld of $566,604)	$	231,229,433
Dividends
Affiliated issuers		4,033,996
Unaffiliated issuers		1,696,209
Other income		55,167		$	237,014,805

Expenses
Advisory fee (see Note B)		26,200,180
Transfer agency—Class A		170,197
Transfer agency—Class C		6,314
Transfer agency—Advisor Class		1,989,122
Transfer agency—Class R		47,859
Transfer agency—Class K		9,514
Transfer agency—Class I		622,367
Transfer agency—Class Z		179,406
Distribution fee—Class A		809,569
Distribution fee—Class C		112,296
Distribution fee—Class R		95,380
Distribution fee—Class K		11,893
Custody and accounting		789,674
Printing		282,739
Registration fees		150,243
Audit and tax		127,969
Administrative		115,899
Directors’ fees		95,140
Legal		80,571
Miscellaneous		172,907

Total expenses before interest expense		32,069,239
Interest expense		63,179

Total expenses		32,132,418
Less: expenses waived and reimbursed by the Adviser (see Note B)		(145,898	)

Net expenses					31,986,520

Net investment income					205,028,285



82 ^\| 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)	$	(45,694,875	)
Forward currency exchange contracts		(77,673,829	)
Futures		(2,695,663	)
Swaps		(7,256,007	)
Foreign currency transactions		79,592,747
Net change in unrealized appreciation (depreciation) on:
Investments^(b)		515,567,008
Forward currency exchange contracts		(90,980,726	)
Futures		3,943,508
Swaps		9,561,557
Foreign currency denominated assets and liabilities		884,584

Net gain on investment and foreign currency transactions		385,248,304

Contributions from Affiliates (see Note B)		317

Net Increase in Net Assets from Operations	$	590,276,906

(a)	Net of foreign realized capital gains taxes of $113,219.

(b)	Net of increase in accrued foreign capital gains taxes on unrealized gains of $68,117.

See notes to financial statements.



abfunds.com		AB GLOBAL BOND FUND ^\| 83

STATEMENT OF CHANGES IN NET ASSETS


	Year Ended September 30, 2024			Year Ended September 30, 2023
Increase (Decrease) in Net Assets from Operations
Net investment income	$	205,028,285		$	180,012,299
Net realized loss on investment and foreign currency transactions		(53,727,627	)		(586,223,440	)
Net change in unrealized appreciation on investments and foreign currency denominated assets and liabilities		438,975,931			476,296,037
Contributions from Affiliates (see Note B)		317			4,238

Net increase in net assets from operations		590,276,906			70,089,134
Distributions to Shareholders
Class A		(1,959,807	)		(31,048,451	)
Class C		(52,513	)		(1,479,477	)
Advisor Class		(24,801,891	)		(284,552,068	)
Class R		(96,327	)		(2,714,762	)
Class K		(26,491	)		(676,437	)
Class I		(4,217,577	)		(60,631,879	)
Class Z		(5,179,839	)		(64,290,456	)
Return of Capital
Class A		(9,156,363	)		(2,887,617	)
Class C		(245,346	)		(137,597	)
Advisor Class		(115,876,231	)		(26,464,357	)
Class R		(450,046	)		(252,482	)
Class K		(123,767	)		(62,911	)
Class I		(19,704,826	)		(5,638,981	)
Class Z		(24,200,583	)		(5,979,242	)
Capital Stock Transactions
Net increase		18,738,909			437,645,834

Total increase		402,924,208			20,918,251
Net Assets
Beginning of period		5,420,596,342			5,399,678,091

End of period	$	5,823,520,550		$	5,420,596,342

See notes to financial statements.



84 ^\| AB GLOBAL BOND FUND		abfunds.com

NOTES TO FINANCIAL STATEMENTS

September 30, 2024

NOTE A

Significant Accounting Policies

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

1. Security Valuation

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

In general, the market values of securities which are readily available and deemed reliable are determined as follows: securities listed on a national



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NOTES TO FINANCIAL STATEMENTS (continued)

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 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



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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, 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.



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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 issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.



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The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of September 30, 2024:

Investments in
Securities

Level 1

Level 2

Level 3

Total

Assets:

Governments – Treasuries

– 0

–

2,550,703,528

– 0

–

2,550,703,528

Corporates – Investment Grade

– 0

–

1,523,167,785

– 0

–

1,523,167,785

Mortgage Pass-Throughs

– 0

–

795,193,121

– 0

–

795,193,121

Covered Bonds

– 0

–

179,068,789

– 0

–

179,068,789

Collateralized Mortgage Obligations

– 0

–

168,348,853

– 0

–

168,348,853

Collateralized Loan Obligations

– 0

–

149,583,392

– 0

–

149,583,392

Local Governments – Provincial Bonds

– 0

–

135,072,123

– 0

–

135,072,123

Asset-Backed Securities

– 0

–

106,762,752

16,223,224

122,985,976

Inflation-Linked Securities

– 0

–

108,230,889

– 0

–

108,230,889

Supranationals

– 0

–

105,404,222

– 0

–

105,404,222

Governments – Sovereign Bonds

– 0

–

87,488,206

– 0

–

87,488,206

Local Governments – Regional Bonds

– 0

–

84,545,621

– 0

–

84,545,621

Commercial Mortgage-Backed Securities

– 0

–

82,323,117

– 0

–

82,323,117

Governments – Sovereign Agencies

– 0

–

75,544,070

– 0

–

75,544,070

Emerging Markets – Corporate Bonds

– 0

–

55,021,525

427

55,021,952

Corporates – Non-Investment Grade

– 0

–

52,290,899

– 0

–

52,290,899

Quasi-Sovereigns

– 0

–

47,244,551

– 0

–

47,244,551

Local Governments – US Municipal Bonds

– 0

–

31,697,549

– 0

–

31,697,549

Bank Loans

– 0

–

9,079,769

– 0

–

9,079,769

Emerging Markets – Sovereigns

– 0

–

7,097,103

– 0

–

7,097,103

Local Governments – Canadian Municipal Bonds

– 0

–

2,648,195

– 0

–

2,648,195

Common Stocks

54,534

– 0

–

1,689,772

1,744,306

Emerging Markets – Treasuries

– 0

–

– 0

–

Short-Term Investments:

Investment Companies

97,830,004

– 0

–

– 0

–

97,830,004

Time Deposits

11,708,401

– 0

–

– 0

–

11,708,401

Total Investments in Securities

109,592,939

6,356,516,060

17,913,423

6,484,022,422



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Investments in
Securities

Level 1

Level 2

Level 3

Total

Other Financial Instruments*:

Assets

Futures

1,556,122

– 0

–

– 0

–

1,556,122

^†

Forward Currency Exchange Contracts

– 0

–

3,309,187

– 0

–

3,309,187

Centrally Cleared Credit Default Swaps

– 0

–

1,892,461

– 0

–

1,892,461

^†

Liabilities

Futures

(2,500,076

)

– 0

–

– 0

–

(2,500,076

)^†

Forward Currency Exchange Contracts

– 0

–

(39,982,193

)

– 0

–

(39,982,193

)

Centrally Cleared Credit Default Swaps

– 0

–

(4,655,114

)

– 0

–

(4,655,114

)^†

Centrally Cleared Interest Rate Swaps

– 0

–

(807,932

)

– 0

–

(807,932

)^†

Total

108,648,985

6,316,272,469

17,913,423

6,442,834,877

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



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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 are required. The Fund may be subject to taxes imposed by countries in which it invests. Such taxes are generally based on income and/or capital gains earned or repatriated. Taxes are accrued and applied to net investment income, net realized gains and net unrealized appreciation/depreciation as such income and/or gains are earned.

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

5. Investment Income and Investment Transactions

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

6. Class Allocations

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

7. Dividends and Distributions

Dividends and distributions to shareholders, if any, are recorded on the ex-dividend date. Income dividends and capital gains distributions are



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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.

NOTE B

Advisory Fee and Other Transactions with Affiliates

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

Pursuant to the investment advisory agreement, the Fund may reimburse the Adviser for certain legal and accounting services provided to the Fund by the Adviser. For the year ended September 30, 2024, the reimbursement for such services amounted to $115,899.

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 $979,291 for the year ended September 30, 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 $982 from the sale of Class A shares and received $31,086 and $1,526 in contingent deferred sales charges imposed upon redemptions by shareholders of Class A and Class C shares, respectively, for the year ended September 30, 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



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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 year ended September 30, 2024, such waiver amounted to $145,898.

A summary of the Fund’s transactions in AB mutual funds for the year ended September 30, 2024 is as follows:


Fund	Market Value 9/30/23 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 9/30/24 (000)		Dividend Income (000)
Government Money Market Portfolio	$	73,931	$	2,373,860	$	2,349,961	$	97,830	$	4,034

During the year ended September 30, 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 $15,610,051, $1,495,574 and $327,101 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, and the share class is active, the rate of the distribution and servicing fees payable under the Agreement may not be



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increased without a shareholder vote. In accordance with the Agreement, there is no provision for recovery of unreimbursed distribution costs incurred by the Distributor beyond the current fiscal year for Class A shares. The Agreement also provides that the Adviser may use its own resources to finance the distribution of the Fund’s shares.

NOTE D

Investment Transactions

Purchases and sales of investment securities (excluding short-term investments) for the year ended September 30, 2024, were as follows:


	Purchases		Sales
Investment securities (excluding U.S. government securities)	$	5,382,711,269	$	5,553,823,449
U.S. government securities		13,196,576,712		12,915,062,770

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


Cost	$	6,503,238,070

Gross unrealized appreciation	$	198,746,131
Gross unrealized depreciation		(225,684,661	)

Net unrealized depreciation	$	(26,938,530	)

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.



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

During the year ended September 30, 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



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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 year ended September 30, 2024, the Fund held futures for hedging and non-hedging purposes.

•

Swaps

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

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



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NOTES TO FINANCIAL STATEMENTS (continued)

operations. Fluctuations in the value of swaps are recorded as a component of net change in unrealized appreciation/depreciation of swaps on the statement of operations.

Certain standardized swaps, including certain interest rate swaps and credit default swaps, are subject to mandatory central clearing. Cleared swaps are transacted through futures commission merchants (“FCMs”) that are members of central clearinghouses, with the clearinghouse serving as central counterparty, similar to transactions in futures contracts. Centralized clearing will be required for additional categories of swaps on a phased-in basis based on requirements published by the Securities and Exchange Commission and Commodity Futures Trading Commission.

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

Interest Rate Swaps:

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

In addition, the Fund may also enter into interest rate swap transactions to preserve a return or spread on a particular investment



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

During the year ended September 30, 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.



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

During the year ended September 30, 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.



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During the year ended September 30, 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

1,556,122

Payable for variation margin on futures

2,500,076

Interest rate contracts

Payable for variation margin on centrally cleared swaps

807,932

Foreign currency contracts

Unrealized appreciation on forward currency exchange contracts

3,309,187

Unrealized depreciation on forward currency exchange contracts

39,982,193

Credit contracts

Receivable for variation margin on centrally cleared swaps

11,963

Payable for variation margin on centrally cleared swaps

183,882

Total

4,877,272

43,474,083

*	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	$	(6,899,097	)	$	9,261,028

Interest rate contracts	Net realized gain/(loss) on futures; Net change in unrealized appreciation (depreciation) on futures		(2,695,663	)		3,943,508



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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	$	(77,673,829	)	$	(90,980,726	)

Credit contracts	Net realized gain/(loss) on swaps; Net change in unrealized appreciation (depreciation) on swaps		(356,910	)		300,529

Total		$	(87,625,499	)	$	(77,475,661	)

The following table represents the average monthly volume of the Fund’s derivative transactions during the year ended September 30, 2024:


Centrally Cleared Credit Default Swaps:
Average notional amount of buy contracts	$	107,572,734
Average notional amount of sale contracts	$	86,173,846

Centrally Cleared Interest Rate Swaps:
Average notional amount	$	453,757,919	^(a)

Credit Default Swaps:
Average notional amount of sale contracts	$	10,920,620	^(b)

Forward Currency Exchange Contracts:
Average principal amount of buy contracts	$	374,361,722
Average principal amount of sale contracts	$	3,617,255,116

Futures:
Average notional amount of buy contracts	$	981,706,460
Average notional amount of sale contracts	$	617,174,382

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

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

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

All OTC derivatives held at period end were subject to netting arrangements. The following table presents the Fund’s derivative assets and liabilities by OTC counterparty net of amounts available for offset under ISDA Master Agreements (“MA”) and net of the related collateral received/pledged by the Fund as of September 30, 2024. Exchange-traded



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derivatives 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	$	66,949	$	(66,949	)	$	– 0	–	$	– 0	–	$	– 0	–
Barclays Bank PLC		17,213		(17,213	)		– 0	–		– 0	–		– 0	–
Brown Brothers Harriman & Co.		26,083		(15,378	)		– 0	–		– 0	–		10,705
Citibank NA		864,260		(864,260	)		– 0	–		– 0	–		– 0	–
Deutsche Bank AG		111,518		(42,424	)		– 0	–		– 0	–		69,094
HSBC Bank USA		33,172		(2,840	)		– 0	–		– 0	–		30,332
Morgan Stanley Capital Services LLC		844,627		(844,627	)		– 0	–		– 0	–		– 0	–
Natwest Markets PLC		236,512		– 0	–		– 0	–		– 0	–		236,512
Standard Chartered Bank		1,095,642		– 0	–		(600,000	)		(495,642	)		– 0	–
UBS AG		13,211		(13,211	)		– 0	–		– 0	–		– 0	–

Total	$	3,309,187	$	(1,866,902	)	$	(600,000	)	$	(495,642	)	$	346,643	^


Counterparty	Derivative Liabilities Subject to a MA		Derivatives Available for Offset			Cash Collateral Pledged*			Security Collateral Pledged*			Net Amount of Derivative Liabilities
Bank of America NA	$	21,054,405	$	(66,949	)	$	– 0	–	$	– 0	–	$	20,987,456
Barclays Bank PLC		2,240,888		(17,213	)		– 0	–		(767,793	)		1,455,882
BNP Paribas SA		284,314		– 0	–		– 0	–		– 0	–		284,314
Brown Brothers Harriman & Co.		15,378		(15,378	)		– 0	–		– 0	–		– 0	–
Citibank NA		6,204,146		(864,260	)		(1,120,000	)		(4,219,886	)		– 0	–
Deutsche Bank AG		42,424		(42,424	)		– 0	–		– 0	–		– 0	–
HSBC Bank USA		2,840		(2,840	)		– 0	–		– 0	–		– 0	–
JPMorgan Chase Bank, NA		5,423,746		– 0	–		– 0	–		– 0	–		5,423,746
Morgan Stanley Capital Services LLC		4,442,481		(844,627	)		– 0	–		(3,597,854	)		– 0	–
Societe Generale		125,862		– 0	–		– 0	–		– 0	–		125,862
UBS AG		145,709		(13,211	)		– 0	–		– 0	–		132,498

Total	$	39,982,193	$	(1,866,902	)	$	(1,120,000	)	$	(8,585,533	)	$	28,409,758	^

*	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.

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



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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 month and the Fund’s simultaneously contracting to repurchase substantially similar (same type and coupon) securities on a specified future date. During the roll period, the Fund forgoes principal and interest paid on the securities. The Fund is compensated by the difference between the current sales price and the lower forward price for the future purchase (often referred to as the “drop”) as well as by the interest earned on the cash proceeds of the initial sale. Dollar rolls involve the risk that the market value of the securities the Fund is obligated to repurchase under the agreement may decline below the repurchase price. Dollar rolls are speculative techniques. For the year ended September 30, 2024, the Fund earned drop income of $1,210,227 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



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mutually agreed upon date and price. At the time the Fund enters into a reverse repurchase agreement, it will establish a segregated account with the custodian containing liquid assets having a value comparable to the repurchase price. Under the MRA and other master agreements, the Fund is permitted to offset payables and/or receivables with collateral held and/or posted to the counterparty and create one single net payment due to or from the Fund in the event of a default. In the event of a default by a MRA counterparty, the Fund may be considered an unsecured creditor with respect to any excess collateral (collateral with a market value in excess of the repurchase price) held by and/or posted to the counterparty, and as such the return of such excess collateral may be delayed or denied. For the year ended September 30, 2024, the average amount of reverse repurchase agreements outstanding was $578,868 and the daily weighted average interest rate was 4.45%. As of September 30, 2024, the Fund did not hold reverse repurchase agreements.

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
	Year Ended September 30, 2024			Year Ended September 30, 2023			Year Ended September 30, 2024			Year Ended September 30, 2023

Class A
Shares sold		3,153,447			4,509,902		$	21,506,717		$	30,649,967

Shares issued in reinvestment of dividends		1,214,296			3,667,291			8,311,805			25,074,171

Shares converted from Class C		524,071			560,882			3,556,959			3,843,963

Shares redeemed		(11,251,094	)		(15,816,533	)		(76,748,387	)		(108,001,665	)

Net decrease		(6,359,280	)		(7,078,458	)	$	(43,372,906	)	$	(48,433,564	)


Class C
Shares sold		133,133			274,766		$	907,062		$	1,897,691

Shares issued in reinvestment of dividends		33,389			199,318			228,918			1,368,001

Shares converted to Class A		(522,347	)		(558,996	)		(3,556,959	)		(3,843,963	)

Shares redeemed		(519,958	)		(950,912	)		(3,547,965	)		(6,517,657	)

Net decrease		(875,783	)		(1,035,824	)	$	(5,968,944	)	$	(7,095,928	)



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	Shares						Amount
	Year Ended September 30, 2024			Year Ended September 30, 2023			Year Ended September 30, 2024			Year Ended September 30, 2023


Advisor Class
Shares sold		139,810,730			138,998,489		$	956,088,709		$	945,834,055

Shares issued in reinvestment of dividends		15,740,697			34,042,911			107,722,639			232,307,208

Shares redeemed		(120,306,363	)		(117,576,424	)		(819,780,007	)		(802,849,124	)

Net increase		35,245,064			55,464,976		$	244,031,341		$	375,292,139


Class R
Shares sold		549,003			877,603		$	3,727,579		$	5,971,615

Shares issued in reinvestment of dividends		74,015			432,248			501,620			2,955,309

Shares redeemed		(5,377,607	)		(1,803,227	)		(36,665,857	)		(12,333,376	)

Net decrease		(4,754,589	)		(493,376	)	$	(32,436,658	)	$	(3,406,452	)


Class K
Shares sold		109,605			262,805		$	737,934		$	1,784,991

Shares issued in reinvestment of dividends		21,135			107,902			143,363			737,433

Shares redeemed		(1,363,429	)		(325,174	)		(9,250,336	)		(2,196,154	)

Net increase (decrease)		(1,232,689	)		45,533		$	(8,369,039	)	$	326,270


Class I
Shares sold		13,468,821			11,945,619		$	92,114,689		$	81,348,626

Shares issued in reinvestment of dividends		3,327,629			9,020,337			22,754,145			61,574,598

Shares redeemed		(34,827,481	)		(20,995,086	)		(238,461,826	)		(140,660,468	)

Net increase (decrease)		(18,031,031	)		(29,130	)	$	(123,592,992	)	$	2,262,756


Class Z
Shares sold		30,862,594			26,748,800		$	211,784,798		$	181,371,641

Shares issued in reinvestment of dividends		4,201,161			10,049,288			28,745,698			68,647,726

Shares redeemed		(37,213,990	)		(19,334,825	)		(252,082,389	)		(131,318,754	)

Net increase (decrease)		(2,150,235	)		17,463,263		$	(11,551,893	)	$	118,700,613



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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 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



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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.

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—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



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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.

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”)



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intended to provide short-term financing related to redemptions and other short term liquidity requirements, subject to certain restrictions. Commitment fees related to the Facility are paid by the participating funds and are included in miscellaneous expenses in the statement of operations. The Fund did not utilize the Facility during the year ended September 30, 2024.

NOTE H

Distributions to Shareholders

The tax character of distributions paid during the fiscal years ended September 30, 2024 and September 30, 2023 were as follows:


	2024		2023
Distributions paid from:
Ordinary income	$	36,334,445	$	445,393,530

Total taxable distributions paid	$	36,334,445	$	445,393,530
Return of Capital		169,757,162		41,423,187

Total distributions paid	$	206,091,607	$	486,816,717

As of September 30, 2024, the components of accumulated earnings (deficit) on a tax basis were as follows:


Accumulated capital losses	$	(714,058,439	)^(a)
Other losses		(111,389,988	)^(b)
Unrealized appreciation (depreciation)		(26,923,820	)^(c)

Total accumulated earnings (deficit)	$	(852,372,247	)^(d)

(a)	As of September 30, 2024, the Fund had a net capital loss carryforward of $714,058,439. As of September 30, 2024, the cumulative deferred loss on straddles was $9,177,796.

(b)	As of September 30, 2024, the Fund had a qualified late-year ordinary loss deferral of $102,212,192.

(c)

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

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

For tax purposes, net realized capital losses may be carried over to offset future capital gains, if any. Funds are permitted to carry forward capital losses for an indefinite period, and such losses will retain their character as either short-term or long-term capital losses. As of September 30, 2024, the Fund had a net short-term capital loss carryforward of $237,901,882 and a net long-term capital loss carryforward of $476,156,557, which may be carried forward for an indefinite period.

During the current fiscal year, permanent differences primarily due to contributions from the Adviser resulted in a net decrease in accumulated loss and a net decrease in additional paid-in capital. These reclassifications had no effect on net assets.



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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 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.



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FINANCIAL HIGHLIGHTS

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


	Class A
	Year Ended September 30,
	2024			2023			2022			2021			2020


Net asset value, beginning of period		$ 6.57			$ 7.09			$ 8.52			$ 8.62			$ 8.67

Income From Investment Operations

Net investment income^(a)(b)		.23			.21			.11			.11			.14

Net realized and unrealized gain (loss) on investment and foreign currency transactions		.48			(.11	)		(1.20	)		(.02	)		.07

Contributions from Affiliates		.00	^(c)		.00	^(c)		.00	^(c)		– 0	–		.00	^(c)

Net increase (decrease) in net asset value from operations		.71			.10			(1.09	)		.09			.21

Less: Dividends and Distributions

Dividends from net investment income		(.04	)		(.57	)		(.24	)		(.13	)		(.26	)

Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–

Return of Capital		(.20	)		(.05	)		– 0	–		– 0	–		– 0	–

Total dividends and distributions		(.24	)		(.62	)		(.34	)		(.19	)		(.26	)

Net asset value, end of period		$ 7.04			$ 6.57			$ 7.09			$ 8.52			$ 8.62


Total Return

Total investment return based on net asset value^(d)		10.90	%		1.27	%		(13.27	)%		.92	%		2.44	%^

Ratios/Supplemental Data

Net assets, end of period (000’s omitted)		$312,047			$332,871			$409,768			$580,627			$656,731

Ratio to average net assets of:

Expenses, net of waivers/reimbursements^(e)		.80	%		.80	%		.80	%		.80	%		.80	%

Expenses, before waivers/reimbursements^(e)		.80	%		.80	%		.80	%		.80	%		.80	%

Net investment income^(b)		3.42	%		3.06	%		1.40	%		1.24	%		1.62	%

Portfolio turnover rate*		302	%		177	%		159	%		130	%		135	%

See footnote summary on page 116.



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FINANCIAL HIGHLIGHTS (continued)

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


	Class C
	Year Ended September 30,
	2024			2023			2022			2021			2020


Net asset value, beginning of period		$ 6.59			$ 7.12			$ 8.55			$ 8.65			$ 8.70

Income From Investment Operations

Net investment income^(a)(b)		.18			.16			.05			.04			.08

Net realized and unrealized gain (loss) on investment and foreign currency transactions		.47			(.12	)		(1.20	)		(.02	)		.06

Contributions from Affiliates		.00	^(c)		.00	^(c)		.00	^(c)		– 0	–		.00	^(c)

Net increase (decrease) in net asset value from operations		.65			.04			(1.15	)		.02			.14

Less: Dividends and Distributions

Dividends from net investment income		(.03	)		(.52	)		(.18	)		(.06	)		(.19	)

Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–

Return of Capital		(.15	)		(.05	)		– 0	–		– 0	–		– 0	–

Total dividends and distributions		(.18	)		(.57	)		(.28	)		(.12	)		(.19	)

Net asset value, end of period		$ 7.06			$ 6.59			$ 7.12			$ 8.55			$ 8.65


Total Return

Total investment return based on net asset value^(d)		10.03	%		.36	%		(13.88	)%		.27	%		1.66	%

Ratios/Supplemental Data

Net assets, end of period (000’s omitted)		$8,927			$14,099			$22,599			$39,929			$65,949

Ratio to average net assets of:

Expenses, net of waivers/reimbursements^(e)		1.55	%		1.55	%		1.55	%		1.55	%		1.55	%

Expenses, before waivers/reimbursements^(e)		1.55	%		1.55	%		1.56	%		1.55	%		1.55	%

Net investment income^(b)		2.65	%		2.26	%		.62	%		.49	%		.93	%

Portfolio turnover rate*		302	%		177	%		159	%		130	%		135	%

See footnote summary on page 116.



112 ^\| AB GLOBAL BOND FUND		abfunds.com

FINANCIAL HIGHLIGHTS (continued)

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


	Advisor Class
	Year Ended September 30,
	2024			2023			2022			2021			2020


Net asset value, beginning of period		$ 6.56			$ 7.09			$ 8.51			$ 8.62			$ 8.66

Income From Investment Operations

Net investment income^(a)(b)		.25			.23			.13			.13			.16

Net realized and unrealized gain (loss) on investment and foreign currency transactions		.47			(.12	)		(1.19	)		(.03	)		.08

Contributions from Affiliates		.00	^(c)		.00	^(c)		.00	^(c)		– 0	–		.00	^(c)

Net increase (decrease) in net asset value from operations		.72			.11			(1.06	)		.10			.24

Less: Dividends and Distributions

Dividends from net investment income		(.04	)		(.59	)		(.26	)		(.15	)		(.28	)

Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–

Return of Capital		(.21	)		(.05	)		– 0	–		– 0	–		– 0	–

Total dividends and distributions		(.25	)		(.64	)		(.36	)		(.21	)		(.28	)

Net asset value, end of period		$ 7.03			$ 6.56			$ 7.09			$ 8.51			$ 8.62


Total Return

Total investment return based on net asset value^(d)		11.19	%		1.38	%		(12.95	)%		1.17	%		2.82	%

Ratios/Supplemental Data

Net assets, end of period (000’s omitted)		$4,052,962			$3,549,674			$3,441,514			$4,707,655			$4,645,021

Ratio to average net assets of:

Expenses, net of waivers/reimbursements^(e)		.55	%		.55	%		.55	%		.55	%		.55	%

Expenses, before waivers/reimbursements^(e)		.55	%		.55	%		.56	%		.55	%		.55	%

Net investment income^(b)		3.67	%		3.33	%		1.66	%		1.49	%		1.91	%

Portfolio turnover rate*		302	%		177	%		159	%		130	%		135	%

See footnote summary on page 116.



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FINANCIAL HIGHLIGHTS (continued)

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


	Class I
	Year Ended September 30,
	2024			2023			2022			2021			2020


Net asset value, beginning of period		$ 6.56			$ 7.09			$ 8.52			$ 8.62			$ 8.66

Income From Investment Operations

Net investment income^(a)(b)		.25			.23			.13			.13			.16

Net realized and unrealized gain (loss) on investment and foreign currency transactions		.47			(.13	)		(1.20	)		(.02	)		.07

Contributions from Affiliates		.00	^(c)		.00	^(c)		.00	^(c)		– 0	–		.00	^(c)

Net increase (decrease) in net asset value from operations		.72			.10			(1.07	)		.11			.23

Less: Dividends and Distributions

Dividends from net investment income		(.04	)		(.58	)		(.26	)		(.15	)		(.27	)

Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–

Return of Capital		(.21	)		(.05	)		– 0	–		– 0	–		– 0	–

Total dividends and distributions		(.25	)		(.63	)		(.36	)		(.21	)		(.27	)

Net asset value, end of period		$ 7.03			$ 6.56			$ 7.09			$ 8.52			$ 8.62


Total Return

Total investment return based on net asset value^(d)		11.14	%		1.36	%		(13.06	)%		1.29	%		2.79	%

Ratios/Supplemental Data

Net assets, end of period (000’s omitted)		$592,295			$670,854			$724,876			$919,250			$854,892

Ratio to average net assets of:

Expenses, net of waivers/reimbursements^(e)		.59	%		.57	%		.56	%		.55	%		.58	%

Expenses, before waivers/reimbursements^(e)		.59	%		.57	%		.57	%		.55	%		.58	%

Net investment income^(b)		3.63	%		3.31	%		1.65	%		1.49	%		1.88	%

Portfolio turnover rate*		302	%		177	%		159	%		130	%		135	%

See footnote summary on page 116.



114 ^\| AB GLOBAL BOND FUND		abfunds.com

FINANCIAL HIGHLIGHTS (continued)

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


	Class Z
	Year Ended September 30,
	2024			2023			2022			2021			2020


Net asset value, beginning of period		$ 6.56			$ 7.09			$ 8.52			$ 8.62			$ 8.66

Income From Investment Operations

Net investment income^(a)(b)		.25			.23			.14			.13			.16

Net realized and unrealized gain (loss) on investment and foreign currency transactions		.48			(.12	)		(1.21	)		(.02	)		.08

Contributions from Affiliates		.00	^(c)		.00	^(c)		.00	^(c)		– 0	–		.00	^(c)

Net increase (decrease) in net asset value from operations		.73			.11			(1.07	)		.11			.24

Less: Dividends and Distributions

Dividends from net investment income		(.04	)		(.59	)		(.26	)		(.15	)		(.28	)

Distributions from net realized gain on investment and foreign currency transactions		– 0	–		– 0	–		(.10	)		(.06	)		– 0	–

Return of Capital		(.21	)		(.05	)		– 0	–		– 0	–		– 0	–

Total dividends and distributions		(.25	)		(.64	)		(.36	)		(.21	)		(.28	)

Net asset value, end of period		$ 7.04			$ 6.56			$ 7.09			$ 8.52			$ 8.62


Total Return

Total investment return based on net asset value^(d)		11.38	%		1.40	%		(13.01	)%		1.34	%		2.84	%

Ratios/Supplemental Data

Net assets, end of period (000’s omitted)		$857,290			$813,849			$755,288			$717,784			$579,878

Ratio to average net assets of:

Expenses, net of waivers/reimbursements^(e)		.52	%		.52	%		.51	%		.50	%		.53	%

Expenses, before waivers/reimbursements^(e)		.52	%		.52	%		.51	%		.50	%		.53	%

Net investment income^(b)		3.71	%		3.37	%		1.73	%		1.53	%		1.93	%

Portfolio turnover rate*		302	%		177	%		159	%		130	%		135	%

See footnote summary on page 116.



abfunds.com		AB GLOBAL BOND FUND ^\| 115

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:


	Year Ended September 30,
	2024			2023			2022			2021			2020

Class A
Net of waivers/reimbursements		.80	%		.80	%		.80	%		.80	%		.80	%
Before waivers/reimbursements		.80	%		.80	%		.80	%		.80	%		.80	%
Class C
Net of waivers/reimbursements		1.55	%		1.55	%		1.55	%		1.55	%		1.55	%
Before waivers/reimbursements		1.55	%		1.55	%		1.56	%		1.55	%		1.55	%
Advisor Class
Net of waivers/reimbursements		.55	%		.55	%		.55	%		.55	%		.55	%
Before waivers/reimbursements		.55	%		.55	%		.56	%		.55	%		.55	%
Class I
Net of waivers/reimbursements		.59	%		.57	%		.56	%		.55	%		.58	%
Before waivers/reimbursements		.59	%		.57	%		.57	%		.55	%		.58	%
Class Z
Net of waivers/reimbursements		.52	%		.52	%		.51	%		.50	%		.53	%
Before waivers/reimbursements		.52	%		.52	%		.51	%		.50	%		.53	%

^	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.



116 ^\| AB GLOBAL BOND FUND		abfunds.com

REPORT OF INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM

To the Shareholders and the Board of Directors of

AB Global Bond Fund, Inc.

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities of AB Global Bond Fund, Inc. (the “Fund”), including the portfolio of investments, as of September 30, 2024, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund at September 30, 2024, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and its financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

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

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

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation



abfunds.com		AB GLOBAL BOND FUND ^\| 117

REPORT OF INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM (continued)

of securities owned as of September 30, 2024, by correspondence with the custodian, brokers and others; when replies were not received from brokers or others, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

LOGO

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

New York, New York

November 26, 2024



118 ^\| AB GLOBAL BOND FUND		abfunds.com

2024 FEDERAL TAX INFORMATION

(unaudited)

For Federal income tax purposes, the following information is furnished with respect to the distributions paid by the Fund during the taxable year ended September 30, 2024. For foreign shareholders, 100% of ordinary income dividends paid may be considered to be qualifying to be taxed as interest-related dividends.

Shareholders should not use the above information to prepare their income tax returns. The information necessary to complete your income tax returns will be included with your Form 1099-DIV which will be sent to you separately in January 2025.



abfunds.com		AB GLOBAL BOND FUND ^\| 119

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 July 30-31, 2024 (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



120 ^\| AB GLOBAL BOND FUND		abfunds.com

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 2022 and 2023 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



abfunds.com		AB GLOBAL BOND FUND ^\| 121

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, 2024 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.



122 ^\| AB GLOBAL BOND FUND		abfunds.com

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. The directors noted that the Fund’s expense ratio was lower than the medians. Based on their review, the directors concluded that the Fund’s expense ratio was acceptable.



abfunds.com		AB GLOBAL BOND FUND ^\| 123

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 determined to monitor changes in the Fund’s asset levels to inform possible future consideration of a recommendation that the Adviser add an additional breakpoint to the fee schedule.



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LOGO

AB GLOBAL BOND FUND

66 Hudson Boulevard East

New York, NY 10001

800 221 5672

GB-0151-0924 LOGO

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

There were no disagreements with accountants during the reporting period.

ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES

At a Special Meeting held on July 18, 2024, shareholders of the AB Global Bond Fund, Inc. (the “Fund”), elected Directors in connection with the establishment of a single, unitary board (“Unitary Board”) responsible for overseeing mutual funds, exchange-traded funds and certain closed-end investment companies sponsored and advised by the Adviser. In connection with the establishment of the Unitary Board, Ms. Jacklin and Messrs. Downey and Turner will retire as Directors effective December 31, 2024, and Mr. Erzan will resign as a Director effective December 31, 2024, but will continue to serve as President and Chief Executive Officer of the AB Funds. Shareholders of the Fund elected four individuals to serve as Directors effective January 1, 2025 (the “Directors-Elect”), who will serve on the Unitary Board with current Directors Mses. Loeb and McMullen and Messrs. Bermudez and Moody. The number of votes cast for and withheld, as well as the number of abstentions and broker non-votes with respect to the election of each nominee for office is included below.


Director:	Voted For		Withheld Authority		Abstained		Broker Non-Votes
Jorge A. Bermudez		411,266,538.404		4,504,427.840		0		N/A
Alexander Chaloff		392,478,869.166		23,292,097.078		0		N/A
R. Jay Gerken		411,497,611.564		4,273,354.680		0		N/A
Jeffrey R. Holland		411,854,997.190		3,915,969.054		0		N/A
Jeanette W. Loeb		407,333,881.002		8,437,085.242		0		N/A
Carol C. McMullen		411,972,510.581		3,798,455.663		0		N/A
Garry L. Moody		392,087,167.076		23,683,799.168		0		N/A
Emilie D. Wrapp		392,530,623.742		23,240,342.502		0		N/A

ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Aggregate remuneration paid to all Directors and advisory board members are included within the Financial Statements under Item 7 of this Form N-CSR.

ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.

Statement regarding basis for Approval of Investment Advisory Contract included within the Financial Statements under Item 7 of this Form N-CSR.

ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to the registrant.

ITEM 13. PORTFOLIO MANAGERS OF CLOSED END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to the registrant.

ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY OF AND AFFILIDATED PURCHASERS.

Not applicable to the registrant.

ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There have been no material changes to the procedures by which shareholders may recommend nominees to the Fund’s Board of Directors since the Fund last provided disclosure in response to this item.

ITEM 16. CONTROLS AND PROCEDURES.

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

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

ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to the registrant.

ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

Not applicable to the registrant

ITEM 19. EXHIBITS.

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


EXHIBIT NO.		DESCRIPTION OF EXHIBIT

19(a)(1)		Code of Ethics that is subject to the disclosure of Item 2 hereof

19(b)(1)		Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

19(b)(2)		Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

19(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:		November 29, 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:		November 29, 2024

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

Date:		November 29, 2024

Ab Global Bond Fund N-CSRCertified annual shareholder report (management investment company)

Class A:ANAGX

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Advisor Class:ANAYX

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Class C:ANACX

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AB Global Bond Fund

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Fund Performance

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Householding

Information Regarding the Review and Approval of the Fund’s Advisory Agreement

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Class I:ANAIX

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AB Global Bond Fund

Annual Shareholder Report

What were the Fund costs for the last year?

How Did the Fund Perform Last Year? What Affected the Fund's Performance?

Performance Highlights

Fund Performance

Average Annual Total Returns

Key Fund Statistics

Graphical Representation of Holdings

Security Type Breakdown

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Availability of Additional Information

Householding

Information Regarding the Review and Approval of the Fund’s Advisory Agreement

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Class Z:ANAZX

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AB Global Bond Fund

Annual Shareholder Report

What were the Fund costs for the last year?

How Did the Fund Perform Last Year? What Affected the Fund's Performance?

Performance Highlights

Fund Performance

Average Annual Total Returns

Key Fund Statistics

Graphical Representation of Holdings