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The fund invests at least 80% of its net assets in fixed-income securities. It invests significantly in fixed-income securities of non-U.S. companies. The fund normally invests in the fixed-income securities of companies located in at least three countries. It may invest in a broad range of fixed-income securities in both developed and emerging markets. The fund may invest across all fixed-income sectors, including U.S. and non-U.S. government and corporate debt securities.

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Irs 509555 Rec Fixed 2.8240 2.824% 10/09/2020

Irs 509558 Rec Fixed 2.8830 2.883% 10/09/2023

Irs 510607 Pay Fixed 2.2875 2.288% 24/05/2021

Irs 510085 Rec Fixed 0.2010 .201% 15/01/2024

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

Douglas J. Peebles is the Chief Investment Officer of AB Fixed Income and a Partner of the firm. As CIO, he is also Co-Chairman of the Interest Rates and Currencies Research Review team. Since joining AB in 1987, Peebles has held several leadership positions, including director of Global Fixed Income (19972004), co-head of AB Fixed Income (20042008) and Head of Fixed Income (20082016). He holds a BA from Muhlenberg College and an MBA from Rutgers University. Location: New York

Paul DeNoon is Director of ABs Global High Income and Emerging Market Debt strategies and a Partner of the firm. He leads the management of ABs large global high-yield franchise, co-managing the firms award-winning High Income Fund, named Best Fund over 10 Years by Lipper from 2012 through 2015. DeNoon is also a Director, with Shamaila Khan, of ABs Emerging Market Debt Portfolios, overseeing the management of emerging-market sovereign, quasi-sovereign and corporate debt strategies in both hard and local currencies. He is a member of the firms Emerging Market Multi-Asset Strategy Committee, Dynamic Asset Allocation Committee and the Municipal Impact Investment Policy Group. DeNoon is also the Partner overseeing the firms corporate responsibility, which includes responsible investment (environmental, social and corporate governance) and diversity and inclusion. He joined AB in 1992, and was instrumental in introducing some of the firms flagship emerging-market debt and global high-yield funds. Previously, DeNoon was a vice president in the Investment Portfolio Group at Manufacturers Hanover Trust and an economist in the banks Financial Markets Research Group, where he was primarily responsible for the analysis of monetary and fiscal policy. He began his career as a research analyst at Lehman Brothers. DeNoon holds a BA in economics from Union College and an MBA in finance from New York University. Location: New York

Scott DiMaggio is Senior Vice President and Director of both Global Fixed Income and Canada Fixed Income at AB. Before joining the firm in 1999, DiMaggio was a risk management market analyst at Santander Investment Securities. He also held positions as a senior consultant at Ernst & Young and Andersen Consulting. DiMaggio holds a BS in business administration from the State University of New York, Albany, and an MS in finance from Baruch College. He is a member of the Global Association of Risk Professionals and a CFA charterholder. Location: New York

Matthew Sheridan is a Senior Vice President and Portfolio Manager at AB, primarily focusing on the Global Multi-Sector Strategy portfolios. He is a member of the Global Fixed Income, Global High Income and Emerging Market Debt portfolio-management teams. Additionally, Sheridan is a member of the Rates and Currency Research Review team and the Emerging Market Debt Research Review team. He joined AB in 1998 and previously worked in the firms Structured Asset Securities Group. Sheridan holds a BS in finance from Syracuse University. He is a CFA charterholder. Location: New York

John Taylor Portfolio ManagerGlobal Multi-Sector John Taylor is a Senior Vice President and Portfolio Manager at AB, and a member of the Global Fixed Income, Absolute Return, UK Fixed Income, and Euro Fixed Income portfolio-management teams. As a member of the Absolute Return portfolio-management team, he is also the Lead Portfolio Manager for the Diversified Yield Plus Strategy. Taylor holds a BSc (Hons) in economics from the University of Kent. Location: London