AB Taxable Multi-Sector Income (AB Corporate Shares - AB Taxabl) Fonds

The fund invests, under normal circumstances, at least 80% of its net assets in fixed-income securities. It may invest in a broad range of securities in both developed and emerging markets. The fund may invest across all fixed-income sectors, including corporate and U.S. and non-U.S. government securities. It may invest up to 50% of its assets in below investment grade bonds ("junk bonds").