Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
MUNICIPAL BONDS 84.41% | ||||||||||||||||
Corporate-Backed 7.77% | ||||||||||||||||
Allegheny Co IDA - US Steel | 4.875 | % | 11/1/2024 | B | $ | 3,150 | $ | 3,290,837 | ||||||||
Downtown Doral CDD† | 3.875 | % | 12/15/2023 | NR | 205 | 208,046 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co | 3.125 | % | 12/1/2022 | B+ | 2,250 | 2,283,345 | ||||||||||
LA St John Parish - Marathon Oil | 2.10 | %#(a) | 6/1/2037 | BBB | 8,000 | 8,083,280 | ||||||||||
Matagorda Co Nav Dist - AEP TX Central | 2.60 | % | 11/1/2029 | A- | 1,400 | 1,455,468 | ||||||||||
Mobile IDB - AL Power | 2.90 | %#(a) | 7/15/2034 | A1 | 20,000 | 20,943,800 | ||||||||||
Montgomery Co IDA - Peco Generation | 2.50 | %#(a) | 10/1/2030 | BBB+ | 11,875 | 11,912,406 | ||||||||||
Montgomery Co IDA - Peco Generation | 2.55 | %#(a) | 6/1/2029 | BBB+ | 5,000 | 5,027,150 | ||||||||||
Nez Perce Co Poll Ctl - Potlatch | 2.75 | % | 10/1/2024 | BBB- | 11,310 | 11,743,965 | ||||||||||
NH Bus Fin Auth- United Illuminating | 2.80 | %#(a) | 10/1/2033 | A- | 5,000 | 5,212,900 | ||||||||||
Niagara Area Dev Corp - Covanta† | 3.50 | % | 11/1/2024 | B1 | 750 | 784,425 | ||||||||||
OH Air Dev Auth - AEP | 2.40 | %#(a) | 12/1/2038 | BBB+ | 3,000 | 3,023,880 | ||||||||||
OR Bus Dev Comn - Intel Corp | 2.40 | %#(a) | 12/1/2040 | A+ | 10,500 | 10,872,855 | ||||||||||
Selma IDB - Intl Paper | 2.00 | %#(a) | 11/1/2033 | BBB | 2,625 | 2,650,384 | ||||||||||
St Charles Parish - Valero Energy | 4.00 | %#(a) | 12/1/2040 | BBB | 8,500 | 8,955,345 | ||||||||||
Tuscaloosa IDA - Hunt Refining† | 4.50 | % | 5/1/2032 | NR | 6,475 | 7,116,025 | ||||||||||
Valdez Marine Term - BP | 5.00 | % | 1/1/2021 | A1 | 10,000 | 10,357,300 | ||||||||||
Warren Co - Intl Paper | 2.90 | %#(a) | 9/1/2032 | BBB | 4,250 | 4,427,777 | ||||||||||
WI PFA - American Dream† | 5.00 | % | 12/1/2027 | NR | 2,000 | 2,254,260 | ||||||||||
Total | 120,603,448 | |||||||||||||||
Education 2.60% | ||||||||||||||||
CA Muni Fin Auth- William Jessup U | 5.00 | % | 8/1/2020 | NR | 400 | 406,712 | ||||||||||
CA Muni Fin Auth- William Jessup U | 5.00 | % | 8/1/2022 | NR | 750 | 800,775 | ||||||||||
CA State Univ Sys | 5.00 | % | 11/1/2020 | Aa2 | 5,000 | 5,169,050 | ||||||||||
Cap Trust Ed Facs - Renaissance | ||||||||||||||||
CharterAdvantage Academy of Hillsborough, Inc.† | 4.00 | % | 6/15/2029 | NR | 1,415 | 1,460,464 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2022 | BB- | 1,000 | 1,076,680 | ||||||||||
Higher Ed Facs Fin Auth FL - Saint Leo U | 5.00 | % | 3/1/2021 | BBB- | 365 | 378,523 | ||||||||||
Higher Ed Facs Fin Auth FL - Saint Leo U | 5.00 | % | 3/1/2022 | BBB- | 355 | 376,616 | ||||||||||
Higher Ed Facs Fin Auth FL - Saint Leo U | 5.00 | % | 3/1/2023 | BBB- | 410 | 445,690 | ||||||||||
Higher Ed Facs Fin Auth FL - Saint Leo U | 5.00 | % | 3/1/2024 | BBB- | 640 | 710,765 | ||||||||||
Higher Ed Facs Fin Auth FL - Saint Leo U | 5.00 | % | 3/1/2025 | BBB- | 675 | 763,405 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2020 | Baa3 | 320 | 326,778 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2021 | Baa3 | 500 | 525,890 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2022 | Baa3 | 500 | 541,630 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Education (continued) | ||||||||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2028 | Baa3 | $ | 1,000 | $ | 1,205,070 | ||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2029 | Baa3 | 600 | 729,834 | ||||||||||
Multnomah Co Hsp Facs - Mirabella | 5.00 | % | 10/1/2024 | NR | 1,535 | 1,707,810 | ||||||||||
NY Dorm - Mt Sinai Sch Med | 5.00 | % | 7/1/2021 | A- | 2,000 | 2,115,000 | ||||||||||
OH Hgr Ed Facs - Dayton Univ (AMBAC) | 2.811 (CPI Based) | % | 12/1/2022 | A+ | 2,000 | 2,055,400 | ||||||||||
OH HI Ed - Case Western Univ | 1.616 (1 Mo. LIBOR * .70 + .42 | % | 10/1/2044 | AA- | 8,000 | 8,003,920 | ||||||||||
Troy Cap Res Corp - RPI | 5.00 | % | 8/1/2021 | A3 | 445 | 471,130 | ||||||||||
Troy Cap Res Corp - RPI | 5.00 | % | 8/1/2022 | A3 | 1,000 | 1,094,240 | ||||||||||
Univ of North Carolina - Chapel Hill | 1.495 (1 Mo. LIBOR * .67 + .35 | % | 12/1/2041 | AAA | 10,000 | 10,017,500 | ||||||||||
Total | 40,382,882 | |||||||||||||||
Energy 0.53% | ||||||||||||||||
PEFA Gas | 5.00 | %#(a) | 9/1/2049 | A3 | 7,000 | 8,291,920 | ||||||||||
General Obligation 17.32% | ||||||||||||||||
CA State GO | 1.888 (1 Mo. LIBOR * .70 + .70 | % | 12/1/2028 | Aa2 | 8,000 | 8,015,200 | ||||||||||
CA State GO | 1.948 (1 Mo. LIBOR * .70 + .76 | % %)# | 12/1/2031 | Aa2 | 2,000 | 2,013,520 | ||||||||||
CA State GO | 5.00 | % | 9/1/2020 | Aa2 | 10,000 | 10,268,200 | ||||||||||
Chicago Brd Ed | 4.00 | % | 12/1/2020 | BB- | 3,000 | 3,055,500 | ||||||||||
Chicago Brd Ed | 4.00 | % | 12/1/2021 | BB- | 3,400 | 3,516,960 | ||||||||||
Chicago Brd Ed | 4.00 | % | 12/1/2021 | BB- | 4,750 | 4,913,400 | ||||||||||
Chicago Brd Ed | 4.00 | % | 12/1/2022 | BB- | 3,555 | 3,728,022 | ||||||||||
Chicago Brd Ed | 4.00 | % | 12/1/2022 | BB- | 4,000 | 4,194,680 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2022 | BB- | 3,670 | 3,951,416 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2023 | BB- | 3,330 | 3,655,274 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2021 | BBB+ | 6,355 | 6,593,630 | ||||||||||
Chicago GO | 5.25 | % | 1/1/2023 | BBB+ | 1,235 | 1,337,505 | ||||||||||
Chicago GO | 5.25 | % | 1/1/2027 | BBB+ | 1,665 | 1,886,412 | ||||||||||
Chicago Met Water Reclmtn Dist | 5.00 | % | 12/1/2022 | AA+ | 5,000 | 5,535,600 | ||||||||||
Cook Co GO | 5.25 | % | 11/15/2033 | AA- | 6,525 | 6,721,141 | ||||||||||
CT State GO | 5.00 | % | 8/15/2021 | A1 | 5,000 | 5,307,400 | ||||||||||
CT State GO | 5.00 | % | 6/15/2022 | A1 | 3,250 | 3,551,275 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
CT State GO | 5.00 | % | 11/1/2022 | A1 | $ | 7,700 | $ | 8,234,303 | ||||||||
CT State GO | 5.00 | % | 4/15/2025 | A1 | 7,000 | 8,282,260 | ||||||||||
CT State GO | 5.00 | % | 10/15/2026 | A1 | 5,000 | 6,106,900 | ||||||||||
CT State GO | 5.00 | % | 9/15/2030 | A1 | 1,725 | 1,874,799 | ||||||||||
Fall River GO | 3.50 | % | 2/7/2020 | NR | 20,000 | 20,047,600 | ||||||||||
HI State GO | 5.00 | % | 11/1/2021 | AA+ | 5,000 | 5,358,450 | ||||||||||
IL State GO | 5.00 | % | 8/1/2020 | BBB- | 14,430 | 14,710,808 | ||||||||||
IL State GO | 5.00 | % | 2/1/2021 | BBB- | 3,000 | 3,105,240 | ||||||||||
IL State GO | 5.00 | % | 11/1/2023 | BBB- | 10,000 | 11,012,500 | ||||||||||
IL State GO | 5.00 | % | 11/1/2026 | BBB- | 5,240 | 6,000,062 | ||||||||||
IL State GO | 5.25 | % | 2/1/2030 | BBB- | 3,000 | 3,299,700 | ||||||||||
IL State GO | 5.25 | % | 2/1/2032 | BBB- | 10,000 | 10,954,200 | ||||||||||
Katy TX ISD | 1.446 (1 Mo. LIBOR * .67 + .28 | % %)# | 8/15/2036 | AAA | 17,370 | 17,370,174 | ||||||||||
New Caney ISD | 3.00 | %#(a) | 2/15/2050 | Aaa | 5,000 | 5,137,950 | ||||||||||
NJ EDA - Motor Vehicle Surcharge | 4.00 | % | 7/1/2022 | BBB+ | 3,500 | 3,713,290 | ||||||||||
NYC GO | 5.00 | % | 8/1/2021 | Aa1 | 7,410 | 7,863,121 | ||||||||||
NYC GO | 5.00 | % | 10/1/2033 | Aa1 | 3,190 | 3,494,103 | ||||||||||
PA State GO | 5.00 | % | 7/15/2029 | Aa3 | 10,000 | 12,914,000 | ||||||||||
Philadelphia GO | 5.00 | % | 2/1/2025 | A | 2,140 | 2,518,716 | ||||||||||
Philadelphia GO | 5.00 | % | 2/1/2026 | A | 1,000 | 1,203,910 | ||||||||||
Philadelphia GO | 5.00 | % | 2/1/2027 | A | 1,250 | 1,535,262 | ||||||||||
Philadelphia GO | 5.00 | % | 2/1/2028 | A | 2,000 | 2,501,960 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2021 | A2 | 1,500 | 1,591,395 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2022 | A2 | 1,150 | 1,260,872 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2023 | A2 | 1,250 | 1,408,587 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2024 | A2 | 900 | 1,038,825 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2025 | A2 | 1,200 | 1,420,404 | ||||||||||
Philadelphia Sch Dist (The) | 5.00 | % | 9/1/2020 | A2 | 2,500 | 2,562,000 | ||||||||||
Philadelphia Sch Dist (The) | 5.00 | % | 9/1/2021 | A2 | 930 | 986,665 | ||||||||||
Philadelphia Sch Dist (The) | 5.00 | % | 9/1/2022 | A2 | 550 | 603,026 | ||||||||||
Philadelphia Sch Dist (The) | 5.00 | % | 9/1/2023 | A2 | 500 | 563,435 | ||||||||||
Prince Georges Co GO | 4.00 | % | 8/1/2031 | AAA | 7,690 | 8,337,806 | ||||||||||
Rangely CO Hosp Dist | 4.50 | % | 11/1/2021 | Baa3 | 3,000 | 3,098,280 | ||||||||||
Scranton Sch Dist | 2.012 (1 Mo. LIBOR * .68 + .85 | % %)# | 4/1/2031 | A2 | 5,590 | 5,594,751 | ||||||||||
West Fargo GO | 2.15 | % | 5/1/2021 | NR | 5,000 | 5,003,350 | ||||||||||
Total | 268,953,839 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care 14.12% | ||||||||||||||||
AK IDA - Yukon Koskokwim Hlth | 3.50 | % | 12/1/2020 | NR | $ | 1,000 | $ | 1,001,210 | ||||||||
Allegheny Co Hosp Auth - UPMC | 5.00 | % | 7/15/2029 | A+ | 4,000 | 5,133,120 | ||||||||||
Allegheny County Health Network | 5.00 | % | 4/1/2026 | A | 2,500 | 3,002,975 | ||||||||||
Antelope Valley Hlth | 5.00 | % | 3/1/2021 | Ba3 | 980 | 999,188 | ||||||||||
CA Stwde - Adventist Health West | 5.00 | %#(a) | 3/1/2037 | A | 3,555 | 4,327,395 | ||||||||||
CA Stwde - Viamonte | 3.00 | % | 7/1/2026 | AA- | 4,500 | 4,574,520 | ||||||||||
CA Stwde - Viamonte | 3.00 | % | 7/1/2027 | AA- | 2,250 | 2,286,157 | ||||||||||
City of Atlantic Beach Fl - Fleet Landing | 3.00 | % | 11/15/2023 | BBB | (b) | 2,800 | 2,812,208 | |||||||||
CO Hlth Fac Auth - CommonSpirit | 5.00 | %#(a) | 8/1/2049 | BBB+ | 7,000 | 8,263,290 | ||||||||||
CO Hlth Facs - Christian Living | 4.00 | % | 1/1/2021 | NR | 350 | 357,137 | ||||||||||
Cuyahoga Co Hsp - Metrohealth | 5.00 | % | 2/15/2025 | Baa3 | 1,500 | 1,713,735 | ||||||||||
DC Hsp - Childrens Ntl Hsp | 5.00 | % | 7/15/2021 | A1 | 1,215 | 1,285,506 | ||||||||||
Duluth EDA - St Lukes Hsp | 4.75 | % | 6/15/2022 | NR | 2,100 | 2,147,334 | ||||||||||
Eisenhower Med Ctr | 5.00 | % | 7/1/2026 | Baa2 | 1,345 | 1,612,373 | ||||||||||
Franklin Co IDA - Menno-Haven | 5.00 | % | 12/1/2023 | NR | 500 | 542,980 | ||||||||||
Greeneville Hlth - Ballad Hlth | 5.00 | % | 7/1/2021 | A- | 1,750 | 1,841,787 | ||||||||||
Greeneville Hlth - Ballad Hlth | 5.00 | % | 7/1/2022 | A- | 2,000 | 2,169,120 | ||||||||||
Greeneville Hlth - Ballad Hlth | 5.00 | % | 7/1/2023 | A- | 1,500 | 1,673,970 | ||||||||||
Harris Co Edu Fac - Hermann Health | 2.18 (MUNIPSA * 1 + .57 | % %)# | 12/1/2049 | A+ | 7,770 | 7,773,263 | ||||||||||
IA Fin Auth - Lifespace | 2.875 | % | 5/15/2049 | BBB | (b) | 1,000 | 1,006,350 | |||||||||
ID HFA - Madison Mem Hosp | 4.00 | % | 9/1/2020 | BB+ | 1,565 | 1,584,907 | ||||||||||
IL Fin Auth - Northwestern Mem Hlth | 5.00 | %#(a) | 7/15/2057 | AA+ | 4,000 | 4,425,520 | ||||||||||
IL Fin Auth - Plymouth Place | 5.00 | % | 5/15/2025 | BB+ | (b) | 1,225 | 1,354,519 | |||||||||
IL Fin Auth - Presence Health | 5.00 | % | 2/15/2021 | AA+ | 5,095 | 5,310,213 | ||||||||||
IL Fin Auth - Presence Health | 5.00 | % | 2/15/2022 | AA+ | 4,000 | 4,319,160 | ||||||||||
IL Fin Auth - Rush Univ Med | 5.00 | % | 11/15/2020 | A+ | 500 | 516,150 | ||||||||||
IL Fin Auth - Rush Univ Med | 5.00 | % | 11/15/2021 | A+ | 695 | 743,059 | ||||||||||
Kirkwood IDA - Aberdeen Hts | 5.00 | % | 5/15/2022 | BB | (b) | 805 | 851,899 | |||||||||
Lancaster Co Hosp Auth - Bretheren Village | 5.00 | % | 7/1/2025 | BB+ | (b) | 650 | 718,523 | |||||||||
Lee Memorial Hlth System | 5.00 | % | 4/1/2025 | A+ | 2,625 | 3,091,147 | ||||||||||
Lehigh Co - Lehigh Valley Health Network | 5.00 | % | 7/1/2026 | A+ | 1,755 | 2,120,654 | ||||||||||
Lenexa KS Hlth Facs - Lakeview Village | 5.00 | % | 5/15/2022 | BB+ | (b) | 1,720 | 1,827,139 | |||||||||
Lenexa KS Hlth Facs - Lakeview Village | 5.00 | % | 5/15/2025 | BB+ | (b) | 990 | 1,118,324 | |||||||||
MA DFA - Beth Israel Lahey Hlth | 4.00 | % | 7/1/2021 | A | 700 | 729,260 | ||||||||||
MA DFA - Beth Israel Lahey Hlth | 4.00 | % | 7/1/2022 | A | 500 | 533,515 | ||||||||||
MA DFA - Beth Israel Lahey Hlth | 5.00 | % | 7/1/2023 | A | 600 | 675,258 | ||||||||||
MA DFA - Partners Hlth | 2.11 (MUNIPSA * 1 + .50 | % %)# | 7/1/2038 | AA- | 5,000 | 5,009,850 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
MA DFA - Wellforce Hlth | 5.00 | % | 7/1/2022 | BBB+ | $ | 1,225 | $ | 1,328,586 | ||||||||
MA DFA - Wellforce Hlth | 5.00 | % | 7/1/2024 | BBB+ | 2,030 | 2,325,142 | ||||||||||
MA DFA - Wellforce Hlth | 5.00 | % | 7/1/2025 | BBB+ | 800 | 937,752 | ||||||||||
Maricopa Co IDA - Banner Health | 2.18 (MUNIPSA* 1 + .57 | % %)# | 1/1/2035 | AA- | 4,865 | 4,876,725 | ||||||||||
Maricopa Co IDA - Honor Health | 5.00 | % | 9/1/2021 | A2 | 750 | 796,208 | ||||||||||
Maricopa Co IDA - Honor Health | 5.00 | % | 9/1/2022 | A2 | 750 | 821,475 | ||||||||||
MD Hlth & Hi Ed - Western MD Hlth Sys | 5.00 | % | 7/1/2020 | BBB | 3,000 | 3,053,790 | ||||||||||
MI Fin Auth - Trinity Health | 5.00 | % | 12/1/2026 | AA- | 2,250 | 2,777,130 | ||||||||||
Monroeville Pa Fin Auth - UPMC Hlth | 3.00 | % | 2/15/2023 | A+ | 2,510 | 2,624,356 | ||||||||||
Montgomery Co IDA - Einstein Hlthcare | 5.00 | % | 1/15/2020 | Ba1 | 1,235 | 1,236,371 | ||||||||||
Montgomery Co IDA - Einstein Hlthcare | 5.00 | % | 1/15/2021 | Ba1 | 2,000 | 2,067,720 | ||||||||||
Montgomery Co IDA - Jefferson Hlth | 5.00 | % | 9/1/2026 | A | 1,150 | 1,393,651 | ||||||||||
Montgomery Co IDA - Jefferson Hlth | 5.00 | % | 9/1/2027 | A | 1,500 | 1,848,300 | ||||||||||
Montgomery Co IDA - Jefferson Hlth | 5.00 | % | 9/1/2028 | A | 1,850 | 2,316,533 | ||||||||||
Montgomery Co IDA - Jefferson Hlth | 5.00 | % | 9/1/2029 | A | 1,000 | 1,269,540 | ||||||||||
Montgomery Co IDA - Whitemarsh | 4.00 | % | 1/1/2023 | NR | 2,000 | 2,052,240 | ||||||||||
MS Equip Facs - MS Baptist Hlth | 2.91 (MUNIPSA * 1 + 1.30 | % %)# | 8/15/2036 | BBB+ | 7,000 | 7,005,110 | ||||||||||
Muskingum Co Hsp Facs - Genesis Hlthcare | 5.00 | % | 2/15/2020 | BB+ | 1,305 | 1,309,437 | ||||||||||
NC Hsg Fin Agency (GNMA) | 4.00 | % | 1/1/2050 | AA+ | 2,495 | 2,755,079 | ||||||||||
NC Med - Southminster | 5.00 | % | 10/1/2023 | NR | 750 | 818,843 | ||||||||||
NC Med Care Comm - Wake Forest Baptist | 2.20 | %#(a) | 12/1/2048 | A | 15,000 | 15,218,400 | ||||||||||
NJ Hlth - Hackensack Meridian Hlth | 5.00 | % | 7/1/2026 | AA- | 3,900 | 4,771,806 | ||||||||||
NJ Hlth - Univ Hosp (AGM) | 5.00 | % | 7/1/2021 | AA | 900 | 945,963 | ||||||||||
NJ Hlth Fin Auth - Valley Health | 5.00 | % | 7/1/2026 | A | 1,800 | 2,193,624 | ||||||||||
NJ Hlth Fin Auth - Valley Health | 5.00 | % | 7/1/2027 | A | 1,250 | 1,553,325 | ||||||||||
Northampton Co - St. Lukes Univ Hlth | 2.24 (1 Mo. LIBOR * .70 + 1.04 | % %)# | 8/15/2048 | A- | 8,000 | 8,072,960 | ||||||||||
NY Dorm - Montefiore Ob Group | 5.00 | % | 8/1/2024 | BBB | 1,500 | 1,733,295 | ||||||||||
NY Dorm - Orange Regl Med Ctr† | 4.00 | % | 12/1/2020 | BBB- | 1,000 | 1,022,160 | ||||||||||
NY Dorm - Orange Regl Med Ctr† | 4.00 | % | 12/1/2021 | BBB- | 1,700 | 1,776,755 | ||||||||||
OK DFA - OU Med | 5.00 | % | 8/15/2025 | Baa3 | 550 | 642,296 | ||||||||||
OK DFA - OU Med | 5.00 | % | 8/15/2026 | Baa3 | 800 | 953,104 | ||||||||||
Oneida Co - Mohawk Valley Hlth (AGM) | 5.00 | % | 12/1/2027 | AA | 1,400 | 1,582,896 | ||||||||||
Oneida Co - Mohawk Valley Hlth (AGM) | 5.00 | % | 12/1/2028 | AA | 1,000 | 1,125,780 | ||||||||||
Oneida Co - Mohawk Valley Hlth (AGM) | 5.00 | % | 12/1/2029 | AA | 1,000 | 1,122,070 | ||||||||||
Owensboro Health | 5.00 | % | 6/1/2025 | Baa3 | 1,400 | 1,608,250 | ||||||||||
PA Hgr Ed - UPenn Hlth | 5.00 | % | 8/15/2027 | AA | 1,250 | 1,562,212 | ||||||||||
PA Hgr Ed - UPenn Hlth | 5.00 | % | 8/15/2028 | AA | 1,565 | 1,991,103 | ||||||||||
Palomar Hlth | 5.00 | % | 11/1/2021 | BBB | 500 | 530,385 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.00 | % | 7/1/2027 | BBB- | $ | 5,000 | $ | 5,944,550 | ||||||||
Pinellas Co IDA - Patel Foundation | 5.00 | % | 7/1/2029 | NR | 1,250 | 1,487,112 | ||||||||||
Sante Fe Retirement Facs- El Castillo | 2.25 | % | 5/15/2024 | BB+ | (b) | 600 | 600,756 | |||||||||
Sartell Hlth Care - Country Manor | 4.00 | % | 9/1/2020 | NR | 500 | 508,220 | ||||||||||
SE Port Auth - Memorial Hlth | 5.00 | % | 12/1/2022 | BB- | (b) | 2,345 | 2,462,320 | |||||||||
South Miami Hlth Fac - Baptist Hlth | 5.00 | % | 8/15/2022 | A1 | 1,000 | 1,096,730 | ||||||||||
South Miami Hlth Fac - Baptist Hlth | 5.00 | % | 8/15/2023 | A1 | 1,350 | 1,528,497 | ||||||||||
Southcentral PA Auth - Wellspan Hlth | 2.21 (MUNIPSA * 1 + 0.60 | % %)# | 6/1/2049 | Aa3 | 9,000 | 9,000,990 | ||||||||||
St Paul Hsg - HlthEast Care Sys | 5.00 | % | 11/15/2020 | NR | 1,255 | 1,296,641 | ||||||||||
Tempe IDA - ASU Mirabella† | 4.00 | % | 10/1/2023 | NR | 2,060 | 2,076,645 | ||||||||||
Tulsa Co Industrial Auth - Montereau | 5.00 | % | 11/15/2026 | BBB- | (b) | 500 | 583,330 | |||||||||
WA Hlth - Fred Hutchinson Cancer Ctr | 2.301 (1 Mo. LIBOR * .67 + 1.10 | % %)# | 1/1/2042 | A+ | 4,000 | 4,047,200 | ||||||||||
WA Hsg - Transforming Age† | 2.375 | % | 1/1/2026 | BB | (b) | 1,275 | 1,276,390 | |||||||||
Waverly Hlth Ctr | 2.50 | % | 12/31/2022 | NR | 2,100 | 2,113,587 | ||||||||||
WI Hlth & Ed - American Baptist | 3.50 | % | 8/1/2022 | NR | 410 | 414,190 | ||||||||||
WI Hlth & Ed - Tomah Hosp | 2.65 | % | 11/1/2020 | NR | 3,375 | 3,376,282 | ||||||||||
Total | 219,286,527 | |||||||||||||||
Housing 4.49% | ||||||||||||||||
CA HFA - MFH | 4.00 | % | 3/20/2033 | BBB+ | 1,700 | 1,947,316 | ||||||||||
CT State Hsg Fin Auth | 4.00 | % | 5/15/2049 | AAA | 5,605 | 6,238,645 | ||||||||||
MD State Hsg CDA | 3.50 | % | 3/1/2050 | Aa2 | 10,000 | 10,800,400 | ||||||||||
MD State Hsg Dev Admn | 4.00 | % | 9/1/2049 | Aa2 | 5,000 | 5,495,150 | ||||||||||
MI State Hsg Dev Auth | 4.25 | % | 12/1/2049 | AA+ | 5,915 | 6,532,881 | ||||||||||
MN State Hsg Fin Agy (GNMA) | 4.25 | % | 7/1/2049 | AA+ | 4,865 | 5,379,814 | ||||||||||
MO State Hsg Dev Cmmn (GNMA) | 4.25 | % | 5/1/2047 | AA+ | 5,115 | 5,649,313 | ||||||||||
NC State Hsg Fin Agy (GNMA) | 4.00 | % | 1/1/2050 | AA+ | 4,985 | 5,459,472 | ||||||||||
NC State Hsg Fin Agy (GNMA)(c) | 4.00 | % | 7/1/2050 | AA+ | 2,500 | 2,769,850 | ||||||||||
ND State Hsg Fin Agy | 4.00 | % | 1/1/2050 | Aa1 | 4,990 | 5,562,154 | ||||||||||
NY Mortgage Rev | 3.50 | % | 4/1/2049 | Aa1 | 2,285 | 2,427,881 | ||||||||||
OH State Fin Agy | 4.50 | % | 3/1/2050 | Aaa | 5,000 | 5,605,050 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2023 | Baa3 | 100 | 111,418 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2026 | Baa3 | 175 | 208,133 | ||||||||||
SC State Hsg Fin Auth | 4.00 | % | 1/1/2050 | Aaa | 4,930 | 5,464,363 | ||||||||||
Total | 69,651,840 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Lease Obligations 4.26% | ||||||||||||||||
CA Pub Wks - Lease Rev | 5.00 | % | 10/1/2026 | Aa3 | $ | 1,500 | $ | 1,865,325 | ||||||||
CA Pub Wks - Lease Rev | 5.00 | % | 10/1/2027 | Aa3 | 3,300 | 4,192,947 | ||||||||||
Comm of PA COPS | 5.00 | % | 7/1/2023 | A2 | 500 | 560,345 | ||||||||||
Comm of PA COPS | 5.00 | % | 7/1/2025 | A2 | 500 | 590,120 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2021 | BBB+ | 4,490 | 4,722,492 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2022 | BBB+ | 2,310 | 2,481,148 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2022 | BBB+ | 515 | 558,172 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2022 | Baa1 | 900 | 975,447 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 11/1/2022 | BBB+ | 3,275 | 3,590,972 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2023 | BBB+ | 3,565 | 3,936,366 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2025 | BBB+ | 5,205 | 5,740,803 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2025 | Baa1 | 1,250 | 1,447,512 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2026 | BBB+ | 4,000 | 4,692,160 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2021 | A+ | 4,500 | 4,737,015 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2023 | BBB+ | 1,250 | 1,410,588 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2024 | BBB+ | 7,000 | 8,065,890 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2025 | BBB+ | 12,500 | 14,623,500 | ||||||||||
Twin Rivers USD COP (AGM) | 3.20 | %#(a) | 6/1/2041 | AA | 1,910 | 1,913,075 | ||||||||||
Total | 66,103,877 | |||||||||||||||
Other Revenue 3.21% | ||||||||||||||||
CA Infra - Paul Getty Trust | 1.705 (3 Mo. LIBOR * .70 + .37 | % %)# | 4/1/2038 | AAA | 7,500 | 7,501,275 | ||||||||||
CA St Infra - LA Co Museum of Art | 1.913 (1 Mo. LIBOR * .70 + .65 | % %)# | 12/1/2050 | A3 | 4,000 | 4,005,320 | ||||||||||
Clifton Higher Ed - Intl Ldrshp Sch | 5.25 | % | 8/15/2026 | NR | 1,605 | 1,817,823 | ||||||||||
Clifton Higher Ed - Intl Ldrshp Sch | 5.25 | % | 8/15/2028 | NR | 1,920 | 2,158,598 | ||||||||||
Indianapolis Local Pub Impt Bd Bk | 5.00 | % | 6/1/2022 | A1 | 4,040 | 4,247,091 | ||||||||||
KY Public Energy Auth - Peak Energy | 4.00 | %#(a) | 2/1/2050 | A3 | 15,000 | 17,162,100 | ||||||||||
Main St Nat Gas - Macquarie | 5.00 | % | 5/15/2025 | A3 | 4,850 | 5,654,955 | ||||||||||
Maricopa Co - Legacy Schools† | 4.00 | % | 7/1/2029 | Ba2 | 500 | 539,330 | ||||||||||
Phoenix IDA - Basis Schs† | 3.00 | % | 7/1/2020 | BB | 375 | 376,391 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2022 | A3 | 5,800 | 6,397,458 | ||||||||||
Total | 49,860,341 | |||||||||||||||
Special Tax 1.27% | ||||||||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2022 | Ba3 | 810 | 858,130 | ||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2023 | Ba3 | 250 | 270,662 | ||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2028 | NR | 5,000 | 5,649,900 | ||||||||||
Brea Redev Agy | 5.00 | % | 8/1/2020 | AA- | 2,100 | 2,150,232 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Special Tax (continued) | ||||||||||||||||
CT Spl Tax - Trans Infra | 5.00 | % | 10/1/2022 | A+ | $ | 3,400 | $ | 3,747,548 | ||||||||
CT Spl Tax - Trans Infra | 5.00 | % | 1/1/2026 | A+ | 5,000 | 6,008,100 | ||||||||||
Peninsula Town Center† | 4.00 | % | 9/1/2023 | NR | 225 | 233,505 | ||||||||||
Village CDD #12† | 3.25 | % | 5/1/2023 | NR | 500 | 509,875 | ||||||||||
Village CDD #13† | 2.625 | % | 5/1/2024 | NR | 250 | 251,543 | ||||||||||
Total | 19,679,495 | |||||||||||||||
Tax Revenue 1.70% | ||||||||||||||||
City of Sparks - Legends at Sparks Marina† | 2.50 | % | 6/15/2024 | Ba2 | 150 | 151,892 | ||||||||||
City of Sparks - Legends at Sparks Marina† | 2.75 | % | 6/15/2028 | Ba2 | 300 | 306,549 | ||||||||||
IL State Sales Tax | 5.00 | % | 6/15/2024 | BBB | 7,260 | 8,084,663 | ||||||||||
Jefferson Co - Sch Warrant | 5.00 | % | 9/15/2023 | AA | 2,000 | 2,262,440 | ||||||||||
MD Dept Trans | 4.00 | % | 9/1/2026 | AAA | 4,750 | 5,568,947 | ||||||||||
Suffolk Co - TANS | 2.50 | % | 7/23/2020 | NR | 10,000 | 10,065,400 | ||||||||||
Total | 26,439,891 | |||||||||||||||
Tobacco 2.70% | ||||||||||||||||
Buckeye Tobacco | 5.125 | % | 6/1/2024 | Ca | 4,720 | 4,726,419 | ||||||||||
PA Tob Settlement | 5.00 | % | 6/1/2022 | A1 | 2,250 | 2,439,023 | ||||||||||
PA Tob Settlement | 5.00 | % | 6/1/2023 | A1 | 1,125 | 1,256,501 | ||||||||||
PA Tob Settlement | 5.00 | % | 6/1/2024 | A1 | 5,000 | 5,744,250 | ||||||||||
Railsplitter Tobacco Settlement Auth | 5.25 | % | 6/1/2021 | A | 16,010 | 16,877,102 | ||||||||||
Suffolk Tobacco Asset Sec Corp | 5.375 | % | 6/1/2028 | NR | 4,000 | 3,999,800 | ||||||||||
Tobacco Settlement Fin Corp NJ | 3.20 | % | 6/1/2027 | BBB | 5,260 | 5,370,407 | ||||||||||
TSASC | 5.00 | % | 6/1/2021 | A | 1,500 | 1,574,850 | ||||||||||
Total | 41,988,352 | |||||||||||||||
Transportation 7.71% | ||||||||||||||||
Bay Area Toll Auth | 2.019 (3 Mo. LIBOR * .70 + .55 | % %)# | 4/1/2045 | AA | 10,800 | 10,815,876 | ||||||||||
Bay Area Toll Auth | 4.00 | % | 4/1/2029 | AA- | 1,200 | 1,420,716 | ||||||||||
Central TX Mobility Auth | 4.00 | % | 1/1/2022 | BBB+ | 5,000 | 5,187,800 | ||||||||||
Central TX Mobility Auth | 5.00 | %#(a) | 1/1/2045 | A- | 5,000 | 5,086,650 | ||||||||||
Chesapeake Bay Bridge Dist | 5.00 | % | 11/1/2023 | BBB | 9,000 | 10,208,700 | ||||||||||
Chicago Trans Auth | 5.00 | % | 6/1/2025 | NR | 2,000 | 2,334,300 | ||||||||||
Cleveland Arpt (AGM) | 5.00 | % | 1/1/2022 | AA | 455 | 490,099 | ||||||||||
E470 Pub Hwy Auth | 1.616 (1 Mo. LIBOR * .67 + .42 | % %)# | 9/1/2039 | A | 6,000 | 6,000,180 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
E470 Pub Hwy Auth | 2.251 (1 Mo. LIBOR * .67 + 1.05 | % %)# | 9/1/2039 | A | $ | 2,000 | $ | 2,016,980 | ||||||||
Grand Parkway Trans Corp | 5.00 | % | 2/1/2023 | A+ | (b) | 10,030 | 11,125,376 | |||||||||
Illinois St Toll Hwy Auth | 5.00 | % | 1/1/2024 | AA- | 7,215 | 8,263,123 | ||||||||||
LA Offshore Term Auth - LOOP | 1.65 | %#(a) | 9/1/2027 | A3 | 3,500 | 3,509,485 | ||||||||||
LA Offshore Term Auth - LOOP | 2.00 | %# | 10/1/2040 | BBB+ | 2,000 | 2,015,700 | ||||||||||
MTA NY | 5.00 | % | 5/15/2021 | NR | 15,000 | 15,742,800 | ||||||||||
NC Tpk Auth - Triangle Exprs (AGM) | 5.00 | % | 1/1/2028 | AA | 1,500 | 1,822,890 | ||||||||||
NJ Tpk Auth | 1.946 (1 Mo. LIBOR * .70 + .75 | % %)# | 1/1/2030 | NR | 2,500 | 2,522,950 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2020 | A+ | 5,000 | 5,000,000 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2027 | A2 | 3,200 | 3,964,128 | ||||||||||
NJ Trans Trust Fund | 2.81 (MUNIPSA * 1 + 1.20 | % %)# | 6/15/2034 | BBB+ | 10,030 | 10,083,761 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2023 | A+ | 7,210 | 8,051,551 | ||||||||||
PA Tpk Commn | 5.00 | % | 12/1/2025 | A1 | 150 | 180,828 | ||||||||||
PA Tpk Commn | 5.00 | % | 12/1/2026 | A1 | 400 | 492,232 | ||||||||||
Port Auth NY & NJ - JFK IAT | 5.00 | % | 12/1/2020 | BBB+ | 1,560 | 1,611,230 | ||||||||||
Triborough Brdg & Tunl Auth (NPFGC)(FGIC) | 5.50 | % | 11/15/2021 | A+ | 1,650 | 1,784,393 | ||||||||||
Total | 119,731,748 | |||||||||||||||
Utilities 16.73% | ||||||||||||||||
American Muni Pwr - Hydroelec Proj | 2.25 | %#(a) | 2/15/2048 | A | 6,500 | 6,551,545 | ||||||||||
American Muni Pwr- Prairie St TCRS (BAM) | 5.25 | % | 2/15/2030 | AA | 2,500 | 2,717,000 | ||||||||||
Central Plains - Goldman Sachs | 5.00 | % | 9/1/2027 | BBB+ | 1,305 | 1,569,641 | ||||||||||
Chicago Wastewater | 5.00 | % | 1/1/2021 | A | 1,000 | 1,034,920 | ||||||||||
Chicago Wastewater | 5.00 | % | 1/1/2022 | A | 2,000 | 2,136,560 | ||||||||||
Chicago Water | 5.00 | % | 11/1/2022 | A | 1,000 | 1,096,190 | ||||||||||
Chicago Water | 5.00 | % | 11/1/2022 | A | 5,680 | 6,226,359 | ||||||||||
Chicago Water (AGM) | 5.00 | % | 11/1/2028 | AA | 2,500 | 3,037,100 | ||||||||||
City of Rockport Poll Ctl - IN MI Pwr | 3.05 | % | 6/1/2025 | A- | 3,500 | 3,766,035 | ||||||||||
Detroit Water | 5.00 | % | 7/1/2021 | AA- | 420 | 443,503 | ||||||||||
Detroit Water | 5.00 | % | 7/1/2022 | AA- | 500 | 545,885 | ||||||||||
Escambia Co PCR - Gulf Power | 2.60 | % | 6/1/2023 | A | 3,000 | 3,111,000 | ||||||||||
Farmington Poll Ctl - NM Pub Svc | 1.875 | %#(a) | 4/1/2033 | BBB+ | 4,000 | 4,014,600 | ||||||||||
Floyd CO Dev - GA Power | 2.35 | %#(a) | 7/1/2022 | Baa1 | 1,500 | 1,512,825 | ||||||||||
IL Fin Auth - Peoples Gas | 1.875 | %#(a) | 2/1/2033 | Aa3 | 6,500 | 6,512,805 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Utilities (continued) | ||||||||||||||||
KY Muni Pwr - Prairie State Proj | 3.45 | %#(a) | 9/1/2042 | Baa1 | $ | 1,700 | $ | 1,747,787 | ||||||||
KY PCR - KY Util Comp | 1.55 | %#(a) | 9/1/2042 | A1 | 11,250 | 11,159,775 | ||||||||||
KY Public Energy Auth - BP | 4.00 | %#(a) | 1/1/2049 | A1 | 9,275 | 10,246,278 | ||||||||||
KY Public Energy Auth - Morgan Stanley | 4.00 | %#(a) | 4/1/2048 | A3 | 15,435 | 16,805,628 | ||||||||||
Lehigh Co IDA - PPL Elec Util | 1.80 | %#(a) | 2/15/2027 | A1 | 10,660 | 10,779,605 | ||||||||||
Long Island Power Auth | 1.946 (1 Mo. LIBOR * .70 + .75 | % %)# | 5/1/2033 | A | 10,000 | 10,084,200 | ||||||||||
Long Island Power Auth | 5.00 | % | 9/1/2026 | A | 500 | 614,080 | ||||||||||
Long Island Power Auth | 5.00 | % | 9/1/2027 | A | 500 | 626,275 | ||||||||||
Louisa VA IDA - VA Elec & Pwr CO | 1.90 | %#(a) | 11/1/2035 | A2 | 5,000 | 5,057,950 | ||||||||||
Louisville/Jeff Co Poll Ctrl - Louisville | 1.85 | %#(a) | 10/1/2033 | A1 | 5,000 | 5,029,450 | ||||||||||
Main St Nat Gas - RBC | 4.00 | %#(a) | 4/1/2048 | Aa2 | 8,000 | 8,687,280 | ||||||||||
Maricopa Co Poll Ctl - NM Pub Svc | 2.40 | %#(a) | 6/1/2043 | BBB+ | 7,500 | 7,525,650 | ||||||||||
Mason Cnty Poll Ctrl - Appalachian Power | 2.75 | % | 10/1/2022 | A- | 27,500 | 28,471,850 | ||||||||||
MEAG - Proj 1 | 5.00 | % | 1/1/2021 | A2 | 7,000 | 7,251,510 | ||||||||||
Monroe Co PCR - Gulf Power | 2.00 | %#(a) | 9/1/2037 | A | 6,000 | 6,020,220 | ||||||||||
Northern CA Gas - Goldman Sachs | 4.00 | %#(a) | 7/1/2049 | A3 | 5,000 | 5,470,400 | ||||||||||
NY Elec Sys - LIPA | 1.65 | %#(a) | 9/1/2049 | A | 4,000 | 4,034,800 | ||||||||||
Philadelphia Gas Works | 5.00 | % | 8/1/2020 | A | 2,000 | 2,042,900 | ||||||||||
Philadelphia Gas Works | 5.00 | % | 8/1/2023 | A | 850 | 959,973 | ||||||||||
Philadelphia Gas Works | 5.00 | % | 8/1/2024 | A | 800 | 928,272 | ||||||||||
PR Aqueduct & Swr Auth | 5.00 | % | 7/1/2022 | Ca | 2,000 | 2,103,000 | ||||||||||
PR Elec Pwr Auth(d) | 5.25 | % | 7/1/2018 | NR | 2,000 | 1,477,500 | ||||||||||
Rockport IN Wtr Pollution Ctl | 1.35 | %#(a) | 7/1/2025 | A- | 2,000 | 1,993,560 | ||||||||||
Rockport IN Wtr Pollution Ctl | 1.35 | %#(a) | 7/1/2025 | A- | 2,150 | 2,143,077 | ||||||||||
SA Energy Acquisition Pub Fac - Goldman Sachs | 5.50 | % | 8/1/2021 | A3 | 4,350 | 4,616,655 | ||||||||||
San Antonio Elec & Gas | 2.75 | %#(a) | 2/1/2048 | Aa2 | 8,000 | 8,329,840 | ||||||||||
San Antonio Water System | 2.625 | %#(a) | 5/1/2049 | AA | 5,000 | 5,263,250 | ||||||||||
SE AL Gas Dist - Goldman Sachs | 4.00 | %#(a) | 4/1/2049 | A3 | 14,250 | 15,464,243 | ||||||||||
TEAC - Goldman Sachs | 4.00 | %#(a) | 5/1/2048 | A3 | 6,000 | 6,424,320 | ||||||||||
Wise Co IDA - VA Elec & Pwr Co | 2.15 | %#(a) | 10/1/2040 | A2 | 13,430 | 13,504,805 | ||||||||||
WV EDA - Appalachian Pwr | 2.55 | %#(a) | 3/1/2040 | A- | 2,000 | 2,075,540 | ||||||||||
WV EDA - Appalachian Pwr | 2.625 | %#(a) | 12/1/2042 | A- | 3,000 | 3,074,970 | ||||||||||
York Co VA IDA - VA Elec & Pwr CO | 1.90 | %#(a) | 5/1/2033 | A2 | 5,500 | 5,572,600 | ||||||||||
Total | 259,863,211 | |||||||||||||||
Total Municipal Bonds (cost $1,282,703,606) | 1,310,837,371 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate# | Interest Rate Reset Date(e) | Final Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | ||||||||||||
SHORT-TERM INVESTMENTS 14.66% | ||||||||||||||||||
Variable Rate Demand Notes 14.66% | ||||||||||||||||||
Corporate-Backed 0.06% | ||||||||||||||||||
PSL North America | 2.60 | % | 12/31/2019 | 11/1/2032 | BBB- | $ | 1,000 | $ | 1,000,000 | |||||||||
Education 0.24% | ||||||||||||||||||
Met Govt Nashville H & E - Fisk Univ | 1.75 | % | 1/22/2020 | 12/1/2020 | NR | 3,735 | 3,735,000 | |||||||||||
General Obligation 1.86% | ||||||||||||||||||
NYC GO | 1.68 | % | 1/2/2020 | 3/1/2034 | Aa1 | 13,900 | 13,900,000 | |||||||||||
NYC GO ARS | 1.75 | % | 12/31/2019 | 10/1/2046 | Aa1 | 15,000 | 15,000,000 | |||||||||||
Total | 28,900,000 | |||||||||||||||||
Health Care 3.86% | ||||||||||||||||||
AR DFA - Baptist Mem Hlth | 1.97 | % | 1/2/2020 | 9/1/2044 | BBB+ | 15,000 | 15,000,000 | |||||||||||
Methodist Le Boneheur (AGM) | 1.60 | % | 12/31/2019 | 6/1/2042 | AA | 12,880 | 12,880,000 | |||||||||||
NJ Hlth - Christian Hlth Care Ctr | 1.70 | % | 12/31/2019 | 7/1/2038 | BBB+ | 6,045 | 6,045,000 | |||||||||||
WV United Health Sys | 1.78 | % | 1/2/2020 | 6/1/2033 | A | 26,005 | 26,005,000 | |||||||||||
Total | 59,930,000 | |||||||||||||||||
Housing 0.66% | ||||||||||||||||||
IN Hsg & Cmnty Dev - SF Mtge Rev (GNMA) | 1.75 | % | 12/31/2019 | 7/1/2047 | Aaa | 10,200 | 10,200,000 | |||||||||||
Lease Obligations 0.29% | ||||||||||||||||||
Montgomery Co Pub Bldg Auth | 1.70 | % | 1/1/2020 | 11/1/2027 | Aa2 | 4,465 | 4,465,000 | |||||||||||
Money Market Securities 0.70% | ||||||||||||||||||
NYC TFA - Future Tax | 1.68 | % | 1/9/2020 | 11/1/2022 | AAA | 10,805 | 10,805,000 | |||||||||||
Other Revenue 0.30% | ||||||||||||||||||
WI Hlth & Ed - Maranatha Baptist | 2.12 | % | 12/31/2019 | 8/1/2026 | BBB+ | 4,675 | 4,675,000 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
Investments | Interest Rate# | Interest Rate Reset Date(e) | Final Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | ||||||||||||
Special Tax 1.02% | ||||||||||||||||||
NYC TFA - Future Tax | 1.67 | % | 12/31/2019 | 8/1/2042 | AAA | $ | 15,800 | $ | 15,800,000 | |||||||||
Tax Revenue 4.97% | ||||||||||||||||||
NYC TFA - Future Tax | 1.65 | % | 12/31/2019 | 11/1/2044 | AAA | 29,000 | 29,000,000 | |||||||||||
NYC TFA - Future Tax | 1.65 | % | 12/31/2019 | 5/1/2034 | AAA | 46,315 | 46,315,000 | |||||||||||
NYC TFA - Future Tax | 1.70 | % | 1/1/2020 | 11/1/2022 | AAA | 1,920 | 1,920,000 | |||||||||||
Total | 77,235,000 | |||||||||||||||||
Utilities 0.70% | ||||||||||||||||||
NYC Wtr & Swr | 1.66 | % | 12/31/2019 | 6/15/2045 | AAA | 10,920 | 10,920,000 | |||||||||||
Total Short-Term Investments (cost $227,665,000) | 227,665,000 | |||||||||||||||||
Total Investments in Securities 99.07% (cost $1,510,368,606) | 1,538,502,371 | |||||||||||||||||
Cash and Other Assets in Excess of Liabilities 0.93% | 14,495,416 | |||||||||||||||||
Net Assets 100.00% | $ | 1,552,997,787 |
AGM | Insured by - Assured Guaranty Municipal Corporation. |
AMBAC | Insured by - AMBAC Assurance Corporation. |
BAM | Insured by - Build America Mutual. |
COP | Certificates of Participation. |
CPI | Consumer Price Index: Rate fluctuate based on CPI. |
FGIC | Insured by - Financial Guaranty Insurance Company. |
GNMA | Government National Mortgage Association. |
LIBOR | London Interbank Offered Rate. |
MUNIPSA | SIFMA Municipal Swap Index Yield. |
NPFGC | Insured by - National Public Finance Guarantee Corporation. |
SIFMA | Insured by - Securities Industry and Financial Markets Association. |
TCRS | Transferable Custodial Receipt. |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At December 31, 2019, the total value of Rule 144A securities was $27,122,947, which represents 1.75% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at December 31, 2019. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed until designated future date. |
(b) | This investment has been rated by Fitch IBCA. |
(c) | Securities purchased on a when-issued basis. |
(d) | Defaulted (non-income producing security). |
(e) | The interest rate reset date shown represents the date in which the Fund has the right to sell a Variable Rate Demand Note (“VRDN”) back to the issuer for Principal Amount. The interest rate on the VRDN is generally reset daily based on the SIFMA Municipal Swap Index. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND December 31, 2019
The following is a summary of the inputs used as of December 31, 2019 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments | ||||||||||||||||
Municipal Bonds | $ | — | $ | 1,310,837,371 | $ | — | $ | 1,310,837,371 | ||||||||
Short-Term Investments | ||||||||||||||||
Variable Rate Demand Notes | — | 227,665,000 | — | 227,665,000 | ||||||||||||
Total | $ | — | $ | 1,538,502,371 | $ | — | $ | 1,538,502,371 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
MUNICIPAL BONDS 98.49% | ||||||||||||||||
Corporate-Backed 8.15% | ||||||||||||||||
AL IDA - Office Max Rmkt AMT | 6.45 | % | 12/1/2023 | B1 | $ | 2,300 | $ | 2,333,304 | ||||||||
Allegheny Co IDA - US Steel | 4.875 | % | 11/1/2024 | B | 3,300 | 3,447,543 | ||||||||||
Arista Met District | 5.00 | % | 12/1/2038 | NR | 1,240 | 1,334,550 | ||||||||||
AZ IDA | 3.625 | % | 5/20/2033 | BBB | 9,973 | 11,267,704 | ||||||||||
Build NYC Res Corp - Pratt Paper AMT† | 4.50 | % | 1/1/2025 | NR | 3,600 | 3,983,472 | ||||||||||
Build NYC Res Corp - Pratt Paper AMT† | 5.00 | % | 1/1/2035 | NR | 550 | 604,252 | ||||||||||
CA Fin Auth - United Airlines AMT | 4.00 | % | 7/15/2029 | BB | 6,590 | 7,496,191 | ||||||||||
CA MFA - Waste Mgmt AMT | 2.40 | %#(a) | 10/1/2044 | A- | 9,750 | 9,908,242 | ||||||||||
CA Poll Ctl - Waste Mgmt AMT | 3.00 | % | 11/1/2025 | A- | 9,850 | 10,532,802 | ||||||||||
Chandler AZ IDA - Intel Corp AMT | 2.70 | %#(a) | 12/1/2037 | A+ | 7,250 | 7,542,103 | ||||||||||
Citizens Property Insurance Corp | 5.00 | % | 6/1/2022 | A+ | 12,500 | 13,401,625 | ||||||||||
Downtown Doral CDD† | 4.25 | % | 12/15/2028 | NR | 250 | 259,068 | ||||||||||
Downtown Doral CDD† | 4.75 | % | 12/15/2038 | NR | 625 | 674,838 | ||||||||||
Gloucester Co Poll Ctl - Logan AMT | 5.00 | % | 12/1/2024 | BBB- | 1,620 | 1,757,635 | ||||||||||
Greater Orlando Aviation - Jet Blue AMT | 5.00 | % | 11/15/2026 | NR | 2,980 | 3,222,542 | ||||||||||
Houston Arpt - United Airlines AMT | 5.00 | % | 7/15/2028 | BB | 2,525 | 3,020,632 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co | 3.125 | % | 12/1/2022 | B+ | 2,250 | 2,283,345 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co | 5.25 | % | 12/1/2025 | B+ | 10,000 | 11,069,500 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co† | 5.875 | % | 12/1/2026 | B+ | 3,365 | 3,505,186 | ||||||||||
Indianapolis Local Pub Impt - IND Arpt AMT | 5.00 | % | 1/1/2026 | A1 | 9,425 | 10,975,318 | ||||||||||
Indianapolis Local Pub Impt - IND Arpt AMT | 5.00 | % | 1/1/2027 | A1 | 8,300 | 9,639,205 | ||||||||||
LA Citizens Property Insurance Corp (AGM) | 5.00 | % | 6/1/2022 | AA | 2,000 | 2,176,480 | ||||||||||
LA Env Facs - Westlake Chem | 3.50 | % | 11/1/2032 | BBB | 8,850 | 9,356,751 | ||||||||||
LA Env Facs - Westlake Chem | 6.50 | % | 8/1/2029 | BBB | 6,780 | 6,976,891 | ||||||||||
LA St John Parish - Marathon Oil | 2.20 | %#(a) | 6/1/2037 | BBB | 7,500 | 7,573,800 | ||||||||||
Love Field Arpt - Southwest Airlines AMT | 5.00 | % | 11/1/2028 | A3 | 1,800 | 1,950,354 | ||||||||||
Martin Co IDA - Indiantown Cogen AMT† | 4.20 | % | 12/15/2025 | BBB+ | 6,000 | 6,058,980 | ||||||||||
Matagorda Co Nav Dist - AEP TX Central | 2.60 | % | 11/1/2029 | A- | 2,800 | 2,910,936 | ||||||||||
Matagorda Co Nav Dist - AEP TX Central | 4.00 | % | 6/1/2030 | A- | 8,000 | 8,522,160 | ||||||||||
MD EDC - Chesapeake Bay Hyatt(b) | 5.00 | % | 12/1/2016 | NR | 2,570 | 1,657,650 | ||||||||||
Met Govt Nashville & Davidson Cnty | 4.00 | % | 7/1/2034 | AA | 10,000 | 11,531,000 | ||||||||||
Mission Econ Dev Corp - Natgasoline AMT† | 4.625 | % | 10/1/2031 | BB- | 10,000 | 10,813,500 | ||||||||||
Nez Perce Co Poll Ctl - Potlatch | 2.75 | % | 10/1/2024 | BBB- | 10,500 | 10,902,885 | ||||||||||
NH National Fin Auth - Covanta AMT† | 4.00 | % | 11/1/2027 | B1 | 2,975 | 3,141,838 | ||||||||||
Niagara Area Dev Corp - Covanta† | 3.50 | % | 11/1/2024 | B1 | 4,650 | 4,863,435 | ||||||||||
Niagara Area Dev Corp - Covanta AMT† | 4.75 | % | 11/1/2042 | B1 | 5,500 | 5,805,800 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.125 | % | 9/15/2023 | BB | 6,775 | 7,267,272 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.25 | % | 9/15/2029 | BB | 13,820 | 15,047,216 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2030 | A- | (c) | 2,000 | 2,328,120 | |||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2033 | A- | (c) | 2,000 | 2,301,960 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Corporate-Backed (continued) | ||||||||||||||||
NY Energy RDA - NYSEGC | 3.50 | % | 10/1/2029 | A- | $ | 8,200 | $ | 9,374,158 | ||||||||
NY Env Facs - Casella Waste AMT† | 2.875 | %#(a) | 12/1/2044 | B | 2,000 | 2,016,340 | ||||||||||
NY Trans Dev Corp - American Airlines AMT | 5.00 | % | 8/1/2026 | BB- | 12,750 | 13,350,270 | ||||||||||
NYC Cap Res - Arthur Mgmt | 7.00 | % | 8/1/2025 | NR | 3,100 | 3,205,927 | ||||||||||
NYC IDA - TRIPS AMT | 5.00 | % | 7/1/2022 | BBB+ | 2,330 | 2,527,025 | ||||||||||
NYC IDA - TRIPS AMT | 5.00 | % | 7/1/2028 | BBB+ | 3,500 | 3,756,445 | ||||||||||
OH Air Dev Auth - AEP AMT | 2.60 | %#(a) | 6/1/2041 | BBB+ | 7,250 | 7,272,693 | ||||||||||
OH Air Quality - Pratt Paper AMT† | 3.75 | % | 1/15/2028 | NR | 1,800 | 1,946,466 | ||||||||||
OH Air Quality - Pratt Paper AMT† | 4.25 | % | 1/15/2038 | NR | 3,750 | 4,046,250 | ||||||||||
OK DFA - Waste Mgmt | 2.375 | % | 12/1/2021 | A- | 1,665 | 1,692,972 | ||||||||||
PA Dev Fin Auth - Covanta AMT† | 3.25 | % | 8/1/2039 | B | 1,035 | 1,036,294 | ||||||||||
PA EDA - Procter & Gamble AMT | 5.375 | % | 3/1/2031 | AA- | 1,355 | 1,757,936 | ||||||||||
Richland Co Env Impt - Intl Paper AMT | 3.875 | % | 4/1/2023 | BBB | 6,715 | 7,161,077 | ||||||||||
Salem Co Poll Ctl - Chambers AMT | 5.00 | % | 12/1/2023 | BBB | 7,025 | 7,542,391 | ||||||||||
Selma IDB - Intl Paper | 2.00 | %#(a) | 11/1/2033 | BBB | 1,000 | 1,009,670 | ||||||||||
St Charles Parish - Valero Energy | 4.00 | %#(a) | 12/1/2040 | BBB | 13,400 | 14,117,838 | ||||||||||
Tulsa Mun Arpt - American Airlines AMT | 5.00 | %#(a) | 6/1/2035 | BB- | 5,000 | 5,614,600 | ||||||||||
Tuscaloosa IDA - Hunt Refining† | 5.25 | % | 5/1/2044 | NR | 6,950 | 8,000,075 | ||||||||||
VA Small Bus Fing - Covanta AMT† | 5.00 | %#(a) | 1/1/2048 | B | 440 | 466,884 | ||||||||||
Valdez Marine Term - BP | 5.00 | % | 1/1/2021 | A1 | 10,000 | 10,357,300 | ||||||||||
Valparaiso Facs - Pratt Paper AMT | 5.875 | % | 1/1/2024 | NR | 835 | 907,236 | ||||||||||
Valparaiso Facs - Pratt Paper AMT | 6.75 | % | 1/1/2034 | NR | 5,000 | 5,784,200 | ||||||||||
Warren Co - Intl Paper | 2.90 | %#(a) | 9/1/2032 | BBB | 7,500 | 7,813,725 | ||||||||||
West Pace Coop Dist(b) | 9.125 | % | 5/1/2039 | NR | 4,900 | 2,842,000 | (d) | |||||||||
Whiting Env Facs - BP AMT | 5.00 | %#(a) | 11/1/2045 | A1 | 6,855 | 7,490,184 | ||||||||||
Whiting Env Facs - BP Rmkt | 5.25 | % | 1/1/2021 | A1 | 5,000 | 5,190,950 | ||||||||||
WI PFA - American Dream† | 5.00 | % | 12/1/2027 | NR | 7,000 | 7,889,910 | ||||||||||
WI PFA - American Dream† | 6.75 | % | 12/1/2042 | NR | 5,000 | 5,913,250 | ||||||||||
WI PFA - TRIPS AMT | 5.25 | % | 7/1/2028 | BBB+ | 3,750 | 4,062,750 | ||||||||||
WI Pub Fin Auth - Celanese AMT | 5.00 | % | 12/1/2025 | BBB | 6,500 | 7,453,030 | ||||||||||
Total | 401,045,931 | |||||||||||||||
Education 4.59% | ||||||||||||||||
CA Fin Auth - Biola Univ | 5.00 | % | 10/1/2028 | Baa1 | 420 | 471,807 | ||||||||||
CA Fin Auth - Biola Univ | 5.00 | % | 10/1/2030 | Baa1 | 430 | 479,463 | ||||||||||
CA State Univ Sys | 5.00 | % | 11/1/2024 | Aa2 | 5,000 | 5,370,600 | ||||||||||
CA State Univ Sys | 5.00 | % | 11/1/2026 | Aa2 | 2,750 | 3,367,073 | ||||||||||
Cap Trust Ed Facs - Renaissance Charter† | 5.00 | % | 6/15/2039 | NR | 2,160 | 2,279,167 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Education (continued) | ||||||||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2034 | BB- | $ | 3,000 | $ | 3,431,550 | ||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2036 | BB- | 9,000 | 10,241,640 | ||||||||||
Cleveland State Univ | 5.00 | % | 6/1/2024 | A+ | 1,775 | 1,902,339 | ||||||||||
Clifton Higher Ed - Intl Ldrshp Sch | 5.125 | % | 8/15/2030 | NR | 3,500 | 3,885,525 | ||||||||||
CT Ed Facs - Univ of Hartford | 4.00 | % | 7/1/2039 | BBB- | 1,875 | 2,031,806 | ||||||||||
CT Hlth & Ed - Quinnipiac Univ | 5.00 | % | 7/1/2033 | A- | 8,230 | 9,491,824 | ||||||||||
Cuyahoga CCD | 5.00 | % | 8/1/2020 | Aa2 | 935 | 937,814 | ||||||||||
Frederick Co Ed Fac - Mount St Mary’s Univ† | 5.00 | % | 9/1/2027 | BB+ | 2,000 | 2,280,480 | ||||||||||
Frederick Co Ed Fac - Mount St Mary’s Univ† | 5.00 | % | 9/1/2032 | BB+ | 2,400 | 2,754,576 | ||||||||||
Fulton Co Dev - GA Tech Athletic Assoc | 5.00 | % | 10/1/2022 | A2 | 215 | 237,040 | ||||||||||
Fulton CO Dev - GA Tech Athltic Assoc | 5.00 | % | 10/1/2022 | NR | 7,265 | 8,022,522 | ||||||||||
IL Fin Auth - IL Inst of Tech | 4.00 | % | 9/1/2035 | Baa3 | 2,600 | 2,791,048 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 4/1/2020 | Baa3 | 1,000 | 1,001,930 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2030 | Baa3 | 625 | 753,475 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2031 | Baa3 | 600 | 719,328 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2032 | Baa3 | 500 | 597,390 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2033 | Baa3 | 1,000 | 1,191,470 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2034 | Baa3 | 2,620 | 3,111,067 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2036 | Baa3 | 3,225 | 3,806,339 | ||||||||||
IL Fin Auth - Loyola Univ Chicago | 5.00 | % | 7/1/2025 | A+ | 8,620 | 9,335,201 | ||||||||||
IL Fin Auth - Noble Chtr Sch | 5.00 | % | 9/1/2025 | BBB | 1,500 | 1,634,685 | ||||||||||
IL Fin Auth - Univ Chicago | 5.00 | % | 10/1/2030 | Aa2 | 8,000 | 9,270,320 | ||||||||||
MA DFA - Emerson Clg | 5.00 | % | 1/1/2026 | BBB+ | 5,135 | 5,952,851 | ||||||||||
MA DFA - Emerson Clg | 5.00 | % | 1/1/2027 | BBB+ | 2,700 | 3,118,797 | ||||||||||
MA DFA - Emerson Clg | 5.00 | % | 1/1/2028 | BBB+ | 1,810 | 2,081,717 | ||||||||||
MA DFA - Emmanuel College | 5.00 | % | 10/1/2032 | Baa2 | 5,000 | 5,815,050 | ||||||||||
Marietta Dev Auth - Life Univ† | 5.00 | % | 11/1/2037 | Ba3 | 1,500 | 1,686,690 | ||||||||||
NC Cap Facs - High Point Univ | 5.00 | % | 5/1/2032 | A- | 2,500 | 2,609,125 | ||||||||||
Nova Southeastern Univ | 5.00 | % | 4/1/2037 | A- | 5,000 | 5,922,550 | ||||||||||
Nova Southeastern Univ | 5.00 | % | 4/1/2038 | A- | 2,500 | 2,950,975 | ||||||||||
NV Dept of Bus & Ind - Somerset Academy† | 4.50 | % | 12/15/2029 | BB | 710 | 768,028 | ||||||||||
NV Dept of Bus & Ind - Somerset Academy† | 5.00 | % | 12/15/2038 | BB | 1,000 | 1,088,320 | ||||||||||
NY Dorm - Mt Sinai Sch Med | 5.00 | % | 7/1/2026 | A- | 5,000 | 5,952,050 | ||||||||||
NY Dorm - Mt Sinai Sch Med | 5.00 | % | 7/1/2027 | A- | 10,000 | 11,858,500 | ||||||||||
NY Dorm - Pace Univ | 5.00 | % | 5/1/2021 | BBB- | 1,845 | 1,931,789 | ||||||||||
NY Dorm - Pace Univ | 5.00 | % | 5/1/2023 | BBB- | 980 | 1,090,544 | ||||||||||
NY Dorm - Pace Univ | 5.00 | % | 5/1/2026 | BBB- | 980 | 1,080,264 | ||||||||||
NY Dorm - SUNY | 5.00 | % | 7/1/2026 | Aa3 | 2,000 | 2,394,880 | ||||||||||
NY Dorm - SUNY | 5.00 | % | 7/1/2027 | Aa3 | 4,880 | 5,823,938 | ||||||||||
NY Dorm - SUNY | 5.00 | % | 7/1/2027 | Aa3 | 500 | 597,300 | ||||||||||
NY Dorm - SUNY | 5.00 | % | 7/1/2028 | Aa3 | 4,110 | 4,890,982 | ||||||||||
NY Dorm - SUNY | 5.00 | % | 7/1/2029 | Aa3 | 2,750 | 3,259,575 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Education (continued) | ||||||||||||||||
Pima IDA - American Leadership Acad† | 4.75 | % | 6/15/2037 | NR | $ | 4,500 | $ | 4,629,780 | ||||||||
Private Clgs & Univs Auth - SCAD | 5.00 | % | 4/1/2029 | A3 | 1,500 | 1,713,855 | ||||||||||
Private Clgs & Univs Auth - SCAD | 5.00 | % | 4/1/2031 | A3 | 1,360 | 1,548,006 | ||||||||||
Troy Cap Res Corp - RPI | 5.00 | % | 8/1/2024 | A3 | 1,000 | 1,159,860 | ||||||||||
Troy Cap Res Corp - RPI | 5.00 | % | 8/1/2025 | A3 | 2,630 | 3,127,149 | ||||||||||
Troy Cap Res Corp - RPI | 5.00 | % | 8/1/2026 | A3 | 1,000 | 1,197,150 | ||||||||||
Troy Cap Res Corp - RPI | 5.00 | % | 8/1/2027 | A3 | 1,600 | 1,906,448 | ||||||||||
Univ of Connecticut | 5.00 | % | 11/1/2032 | A+ | 3,740 | 4,618,638 | ||||||||||
Univ of Houston | 5.00 | % | 2/15/2029 | AA | 10,280 | 12,355,532 | ||||||||||
Univ of Illinois (AGM) | 4.00 | % | 4/1/2033 | AA | 4,905 | 5,493,109 | ||||||||||
Univ of Illinois (AGM) | 4.00 | % | 4/1/2034 | AA | 5,100 | 5,682,675 | ||||||||||
Univ of North Carolina - Wilmington | 5.00 | % | 6/1/2023 | A1 | 2,435 | 2,744,781 | ||||||||||
Univ of North Carolina - Wilmington | 5.00 | % | 6/1/2024 | A1 | 2,560 | 2,964,787 | ||||||||||
VA Clg Bldg Auth | 4.00 | % | 9/1/2035 | AA+ | 8,795 | 10,109,501 | ||||||||||
Wayne State Univ | 4.00 | % | 11/15/2034 | Aa3 | 3,900 | 4,292,496 | ||||||||||
Total | 225,815,171 | |||||||||||||||
Energy 0.24% | ||||||||||||||||
PEFA Gas (cost $11,525,093) | 5.00 | %#(a) | 9/1/2049 | A3 | 10,000 | 11,845,600 | ||||||||||
Financial Services 0.58% | ||||||||||||||||
Berks Co IDA - Tower Hlth | 4.00 | % | 11/1/2031 | BBB+ | 2,280 | 2,464,566 | ||||||||||
Berks Co IDA - Tower Hlth | 5.00 | % | 11/1/2030 | BBB+ | 1,315 | 1,561,326 | ||||||||||
MA Ed Fin Auth AMT | 3.625 | % | 7/1/2034 | AA | 15,000 | 16,154,700 | ||||||||||
NJ Higher Ed Assistance Auth AMT | 3.75 | % | 12/1/2030 | Aaa | 2,350 | 2,575,200 | ||||||||||
NJ Higher Ed Assistance Auth AMT | 4.00 | % | 12/1/2032 | Aaa | 2,690 | 2,973,365 | ||||||||||
NJ Higher Ed Assistance Auth AMT | 4.00 | % | 12/1/2034 | Aaa | 2,400 | 2,640,312 | ||||||||||
Total | 28,369,469 | |||||||||||||||
General Obligation 17.10% | ||||||||||||||||
Bellwood GO | 5.875 | % | 12/1/2027 | A | 5,000 | 5,577,550 | ||||||||||
Bellwood GO | 6.15 | % | 12/1/2032 | A | 3,770 | 4,235,595 | ||||||||||
Birdville ISD GTD | 4.00 | % | 2/15/2038 | AAA | 3,235 | 3,664,479 | ||||||||||
CA State GO | 1.948 (1 Mo. LIBOR * .70 + .76 | % %)# | 12/1/2031 | Aa2 | 5,000 | 5,033,800 | ||||||||||
CA State GO | 3.00 | % | 10/1/2033 | Aa2 | 3,750 | 4,010,438 | ||||||||||
CA State GO | 5.00 | % | 10/1/2027 | Aa2 | 10,000 | 11,253,600 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
CA State GO | 5.00 | % | 9/1/2030 | Aa2 | $ | 10,000 | $ | 11,998,600 | ||||||||
CA State GO | 5.00 | % | 4/1/2032 | Aa2 | 13,850 | 18,869,932 | ||||||||||
CA State GO | 5.25 | % | 3/1/2022 | Aa2 | 6,320 | 6,363,671 | ||||||||||
CA State GO (AGM) | 5.25 | % | 8/1/2032 | AA | 15,000 | 20,503,500 | ||||||||||
Chabot/Las Positas CCD | 5.00 | % | 8/1/2023 | AA | 3,000 | 3,434,580 | ||||||||||
Chicago Brd Ed | 4.00 | % | 12/1/2027 | BB- | 4,500 | 4,863,960 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2029 | BB- | 3,000 | 3,527,130 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2030 | BB- | 3,100 | 3,625,078 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2031 | BB- | 3,100 | 3,167,766 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2031 | BB- | 1,500 | 1,748,835 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2032 | BB- | 1,200 | 1,394,400 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2033 | BB- | 900 | 1,043,433 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2034 | BB- | 475 | 549,285 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2035 | BB- | 450 | 518,859 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2046 | BB- | 7,500 | 8,472,300 | ||||||||||
Chicago Brd Ed† | 6.75 | % | 12/1/2030 | BB- | 5,000 | 6,429,000 | ||||||||||
Chicago Brd Ed (AGM) | 5.00 | % | 12/1/2027 | AA | 2,860 | 3,437,405 | ||||||||||
Chicago Brd Ed (NPFGC)(FGIC) | Zero Coupon | 12/1/2026 | Baa2 | 1,510 | 1,268,491 | |||||||||||
Chicago GO | 5.00 | % | 1/1/2022 | BBB+ | 7,770 | 8,187,948 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2024 | BBB+ | 15,000 | 16,486,650 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2025 | BBB+ | 7,000 | 7,845,460 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2031 | BBB+ | 2,210 | 2,474,758 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2034 | BBB+ | 7,625 | 8,272,210 | ||||||||||
Chicago GO | 5.125 | % | 1/1/2027 | BBB+ | 3,100 | 3,492,553 | ||||||||||
Chicago GO | 5.25 | % | 1/1/2028 | BBB+ | 3,845 | 4,353,271 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2037 | BBB+ | 1,000 | 1,128,130 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2049 | BBB+ | 3,750 | 4,425,262 | ||||||||||
Chicago GO | 5.625 | % | 1/1/2030 | BBB+ | 1,835 | 2,192,623 | ||||||||||
Chicago GO | 5.75 | % | 1/1/2033 | BBB+ | 7,000 | 8,345,960 | ||||||||||
Chicago GO | 6.00 | % | 1/1/2038 | BBB+ | 17,840 | 21,440,647 | ||||||||||
Chicago Met Water Reclmtn Dist | 5.00 | % | 12/1/2027 | AA+ | 4,600 | 5,590,932 | ||||||||||
Chicago Met Water Reclmtn Dist | 5.00 | % | 12/1/2028 | AA+ | 6,715 | 8,112,929 | ||||||||||
Chicago Met Water Reclmtn Dist | 5.25 | % | 12/1/2034 | AA+ | 10,465 | 14,227,063 | ||||||||||
City of Schaumburg | 3.00 | % | 12/1/2031 | AAA | 1,300 | 1,356,654 | ||||||||||
City of Skokie | 3.00 | % | 12/1/2029 | Aa2 | 1,080 | 1,143,590 | ||||||||||
Clackamas Co Sch Dist - North Clackamas | 5.00 | % | 6/15/2025 | AA+ | 1,450 | 1,692,078 | ||||||||||
Clark Co GO | 4.00 | % | 6/1/2037 | AA+ | 6,890 | 7,833,792 | ||||||||||
Clark Co GO | 5.00 | % | 11/1/2027 | AA+ | 10,775 | 12,766,112 | ||||||||||
Clark Co Sch Dist (AGM) | 3.00 | % | 6/15/2037 | AA | 12,195 | 12,481,826 | ||||||||||
Cook Co GO | 5.00 | % | 11/15/2020 | AA- | 5,000 | 5,151,450 | ||||||||||
Cook Co GO | 5.00 | % | 11/15/2021 | AA- | 5,000 | 5,310,550 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
Cook Co GO | 5.00 | % | 11/15/2025 | AA- | $ | 6,000 | $ | 6,551,280 | ||||||||
Cook Co GO | 5.25 | % | 11/15/2023 | AA- | 10,510 | 11,209,335 | ||||||||||
CT State GO | 4.00 | % | 4/15/2037 | A1 | 1,825 | 2,055,242 | ||||||||||
CT State GO | 4.00 | % | 6/15/2037 | A1 | 775 | 868,070 | ||||||||||
CT State GO | 4.00 | % | 4/15/2038 | A1 | 7,460 | 8,361,914 | ||||||||||
CT State GO | 5.00 | % | 10/15/2028 | A1 | 12,500 | 15,109,125 | ||||||||||
CT State GO(e) | 5.00 | % | 1/15/2030 | A1 | 12,500 | 16,027,000 | ||||||||||
CT State GO | 5.00 | % | 6/15/2032 | A1 | 2,000 | 2,463,200 | ||||||||||
CT State GO | 5.00 | % | 6/15/2034 | A1 | 1,100 | 1,346,059 | ||||||||||
CT State GO | 5.00 | % | 6/15/2035 | A1 | 1,125 | 1,373,018 | ||||||||||
CT State GO | 5.00 | % | 4/15/2036 | A1 | 1,150 | 1,419,273 | ||||||||||
Deforest Sch Dist | 3.00 | % | 4/1/2038 | AA+ | 4,000 | 4,085,480 | ||||||||||
Eaton Area Pk & Rec Dist | 5.50 | % | 12/1/2030 | NR | 240 | 256,531 | ||||||||||
Fresno USD (NPFGC)(FGIC) | 5.25 | % | 2/1/2024 | A+ | 3,285 | 3,809,812 | ||||||||||
Geneva USD | 5.00 | % | 1/1/2028 | AA+ | 1,125 | 1,361,396 | ||||||||||
Geneva USD | 5.00 | % | 1/1/2029 | AA+ | 2,200 | 2,649,460 | ||||||||||
Geneva USD | 5.00 | % | 1/1/2030 | AA+ | 1,400 | 1,675,660 | ||||||||||
HI State GO | 5.00 | % | 8/1/2026 | AA+ | 7,590 | 8,854,494 | ||||||||||
Hinsdale GO | 4.00 | % | 1/15/2037 | AAA | 6,065 | 6,800,017 | ||||||||||
Hinsdale GO | 4.00 | % | 1/15/2038 | AAA | 6,300 | 7,036,659 | ||||||||||
Hinsdale GO | 4.00 | % | 1/15/2039 | AAA | 6,550 | 7,298,206 | ||||||||||
Houston GO | 5.00 | % | 3/1/2024 | AA | 2,000 | 2,302,820 | ||||||||||
Howard Co GO | 3.00 | % | 8/15/2036 | AAA | 1,910 | 1,998,700 | ||||||||||
Howard Co GO | 3.00 | % | 8/15/2037 | AAA | 2,255 | 2,350,950 | ||||||||||
Howard Co GO | 3.00 | % | 8/15/2038 | AAA | 1,500 | 1,558,770 | ||||||||||
IL State GO | 5.00 | % | 7/1/2022 | BBB- | 6,500 | 6,978,465 | ||||||||||
IL State GO | 5.00 | % | 8/1/2023 | BBB- | 5,350 | 5,868,789 | ||||||||||
IL State GO | 5.00 | % | 8/1/2024 | BBB- | 14,565 | 15,583,676 | ||||||||||
IL State GO | 5.00 | % | 11/1/2026 | BBB- | 10,000 | 11,450,500 | ||||||||||
IL State GO | 5.00 | % | 1/1/2027 | BBB- | 12,010 | 13,654,890 | ||||||||||
IL State GO | 5.00 | % | 11/1/2027 | BBB- | 5,000 | 5,753,150 | ||||||||||
IL State GO | 5.00 | % | 2/1/2028 | BBB- | 13,620 | 15,695,688 | ||||||||||
IL State GO | 5.00 | % | 11/1/2028 | BBB- | 15,160 | 17,467,807 | ||||||||||
IL State GO | 5.00 | % | 2/1/2029 | BBB- | 5,440 | 6,242,454 | ||||||||||
IL State GO | 5.00 | % | 11/1/2029 | BBB- | 2,800 | 3,195,192 | ||||||||||
IL State GO | 5.00 | % | 10/1/2032 | BBB- | 8,300 | 9,575,129 | ||||||||||
IL State GO | 5.00 | % | 10/1/2033 | BBB- | 5,000 | 5,754,000 | ||||||||||
IL State GO | 5.25 | % | 7/1/2030 | BBB- | 5,430 | 5,921,089 | ||||||||||
IL State GO | 5.25 | % | 2/1/2034 | BBB- | 3,295 | 3,599,425 | ||||||||||
IL State GO | 5.50 | % | 7/1/2038 | BBB- | 5,000 | 5,473,050 | ||||||||||
IL State GO | 6.00 | % | 5/1/2026 | BBB- | 6,000 | 7,219,080 | ||||||||||
LA State GO | 5.00 | % | 5/1/2028 | AA- | 11,180 | 13,218,002 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
LA State GO | 5.00 | % | 3/1/2031 | AA- | $ | 5,000 | $ | 6,397,600 | ||||||||
Lake Cnty IL Sch Dist #113 | 4.00 | % | 1/1/2032 | Aaa | 4,130 | 4,764,451 | ||||||||||
Lake Co GO | 3.50 | % | 11/30/2031 | AAA | 1,825 | 1,934,591 | ||||||||||
Lane Co Sch Dist #4J | 4.00 | % | 6/15/2034 | Aa1 | 9,000 | 9,844,110 | ||||||||||
Lubbock GO | 5.00 | % | 2/15/2026 | AA+ | 11,810 | 13,951,743 | ||||||||||
Luzerne Co GO (AGM) | 5.00 | % | 11/15/2022 | AA | 2,250 | 2,474,010 | ||||||||||
Luzerne Co GO (AGM) | 5.00 | % | 11/15/2023 | AA | 2,500 | 2,816,825 | ||||||||||
Luzerne Co GO (AGM) | 5.00 | % | 11/15/2024 | AA | 4,000 | 4,613,760 | ||||||||||
MI Strategic Fund - I-75 AMT (AGM) | 4.25 | % | 12/31/2038 | AA | 2,500 | 2,777,075 | ||||||||||
Miami-Dade Co GO | 5.00 | % | 7/1/2038 | AA | 4,830 | 6,031,221 | ||||||||||
Nassau Co GO (AGM) | 5.00 | % | 1/1/2026 | AA | 10,000 | 12,112,000 | ||||||||||
NJ State GO | 5.00 | % | 6/1/2027 | A- | 3,650 | 4,456,504 | ||||||||||
NJ State GO | 5.00 | % | 6/1/2029 | A- | 5,000 | 6,051,200 | ||||||||||
NV State GO | 5.00 | % | 11/1/2026 | AA+ | 7,500 | 8,935,800 | ||||||||||
NY Dorm - Sch Dist (AGM) | 5.00 | % | 10/1/2023 | AA | 2,500 | 2,867,325 | ||||||||||
NYC GO | 5.00 | % | 10/1/2021 | Aa1 | 6,000 | 6,405,240 | ||||||||||
NYC GO | 5.00 | % | 8/1/2022 | Aa1 | 10,010 | 10,628,518 | ||||||||||
NYC GO | 5.00 | % | 8/1/2025 | Aa1 | 12,000 | 13,597,560 | ||||||||||
NYC GO | 5.00 | % | 8/1/2026 | Aa1 | 5,235 | 5,639,508 | ||||||||||
NYC GO | 5.00 | % | 8/1/2032 | Aa1 | 1,750 | 2,214,993 | ||||||||||
NYC GO | 5.00 | % | 10/1/2032 | Aa1 | 3,500 | 4,478,880 | ||||||||||
NYC GO | 5.00 | % | 10/1/2033 | Aa1 | 4,500 | 5,738,310 | ||||||||||
PA State GO | 4.00 | % | 3/1/2038 | Aa3 | 8,020 | 8,943,182 | ||||||||||
PA State GO | 5.00 | % | 1/15/2028 | Aa3 | 10,000 | 12,235,900 | ||||||||||
Peralta CCD | 5.00 | % | 8/1/2021 | AA- | 3,000 | 3,190,290 | ||||||||||
Perris UHSD (AGM) | 4.00 | % | 9/1/2037 | AA | 2,000 | 2,334,200 | ||||||||||
Perris UHSD (AGM) | 4.00 | % | 9/1/2039 | AA | 5,050 | 5,847,698 | ||||||||||
Perris UHSD (AGM) | 4.00 | % | 9/1/2040 | AA | 1,935 | 2,227,050 | ||||||||||
Philadelphia GO | 5.00 | % | 2/1/2030 | A | 2,750 | 3,501,933 | ||||||||||
Philadelphia GO | 5.00 | % | 2/1/2031 | A | 2,500 | 3,163,250 | ||||||||||
Philadelphia GO | 5.00 | % | 2/1/2032 | A | 1,750 | 2,203,898 | ||||||||||
Philadelphia GO | 5.00 | % | 2/1/2033 | A | 2,500 | 3,130,000 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2026 | A2 | 500 | 603,130 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2027 | A2 | 600 | 735,462 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2028 | A2 | 500 | 622,465 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2030 | A2 | 2,500 | 3,123,000 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2031 | A2 | 2,500 | 3,110,500 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2032 | A2 | 3,200 | 3,967,712 | ||||||||||
Philadelphia Sch Dist (AGM) | 5.00 | % | 6/1/2030 | AA | 5,000 | 5,916,400 | ||||||||||
Philadelphia Sch Dist (AGM) | 5.00 | % | 6/1/2031 | AA | 5,000 | 5,895,500 | ||||||||||
PR Comwlth GO (AGM) | 5.00 | % | 7/1/2035 | AA | 2,115 | 2,250,550 | ||||||||||
PR Comwlth GO (AGM) | 5.25 | % | 7/1/2024 | AA | 855 | 893,518 | ||||||||||
PR Comwlth GO TCRS (AMBAC) | 4.50 | % | 7/1/2023 | Ca | 1,285 | 1,293,340 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
PR Pub Bldg Auth GTD (AMBAC) | 10.00 | %#(a) | 7/1/2035 | Ca | $ | 4,245 | $ | 4,488,451 | ||||||||
Reedy Creek Impt Dist GO | 4.00 | % | 6/1/2031 | AA- | 2,240 | 2,558,282 | ||||||||||
RI State GO | 5.00 | % | 8/1/2029 | AA | 7,500 | 9,317,475 | ||||||||||
Romeoville GO | 4.00 | % | 12/30/2036 | Aa2 | 4,725 | 5,319,263 | ||||||||||
Romeoville GO | 4.00 | % | 12/30/2037 | Aa2 | 3,800 | 4,259,762 | ||||||||||
Stamford GO | 3.00 | % | 6/1/2037 | AAA | 3,025 | 3,148,027 | ||||||||||
Stamford GO | 3.00 | % | 6/1/2038 | AAA | 3,025 | 3,134,082 | ||||||||||
Stamford GO | 3.00 | % | 6/1/2039 | AAA | 3,025 | 3,120,651 | ||||||||||
VT EDA - Casella Waste AMT† | 4.625 | %#(a) | 4/1/2036 | B | 750 | 851,355 | ||||||||||
WA State GO | 5.00 | % | 8/1/2022 | Aaa | 14,245 | 15,115,939 | ||||||||||
Wake Co Ltd Ob | 4.00 | % | 12/1/2031 | AA+ | 5,000 | 5,707,500 | ||||||||||
Total | 841,717,981 | |||||||||||||||
Health Care 13.72% | ||||||||||||||||
Alachua Co Hlth - East Ridge Ret Vlg | 5.00 | % | 11/15/2024 | B- | (c) | 3,690 | 3,463,397 | |||||||||
Alachua Co Hlth - East Ridge Ret Vlg | 5.625 | % | 11/15/2029 | B- | (c) | 1,000 | 911,750 | |||||||||
Allegheny Co Hosp Auth - UPMC | 4.00 | % | 7/15/2038 | A+ | 3,750 | 4,194,487 | ||||||||||
Allegheny County Health Network | 5.00 | % | 4/1/2030 | A | 4,750 | 5,843,830 | ||||||||||
Allegheny County Health Network | 5.00 | % | 4/1/2031 | A | 6,000 | 7,317,720 | ||||||||||
Antelope Valley Hlth | 5.00 | % | 3/1/2031 | Ba3 | 7,000 | 7,689,780 | ||||||||||
AR DFA - Baptist Mem Hlth | 3.16 (MUNIPSA * 1 + 1.55 | % %)# | 9/1/2044 | BBB+ | 12,000 | 12,170,040 | ||||||||||
Atlantic Bch Hlth - Fleet Landing | 5.00 | % | 11/15/2028 | BBB | (c) | 2,020 | 2,230,747 | |||||||||
AZ Hlth Facs - Phoenix Childrens Hsp | 5.00 | % | 2/1/2030 | A1 | 6,000 | 6,414,120 | ||||||||||
Blaine Sr Hsg & Hlthcare - Crest View | 5.125 | % | 7/1/2025 | NR | 3,450 | 3,488,640 | ||||||||||
CA Hlth - Childrens Hsp Los Angeles | 5.00 | % | 11/15/2022 | BBB+ | 1,540 | 1,698,343 | ||||||||||
CA Hlth - Childrens Hsp Los Angeles | 5.00 | % | 11/15/2023 | BBB+ | 1,000 | 1,099,720 | ||||||||||
CA Hlth - Childrens Hsp Los Angeles | 5.00 | % | 11/15/2024 | BBB+ | 2,000 | 2,197,980 | ||||||||||
CA Hlth - Childrens Hsp Los Angeles | 5.00 | % | 11/15/2025 | BBB+ | 4,880 | 5,359,411 | ||||||||||
CA Hlth - Childrens Hsp Los Angeles | 5.00 | % | 11/15/2026 | BBB+ | 3,705 | 4,066,941 | ||||||||||
CA Hlth - Childrens Hsp Los Angeles | 5.00 | % | 11/15/2029 | BBB+ | 1,300 | 1,425,125 | ||||||||||
CA Hlth - Lucile Packard Childrens Hsp | 5.00 | % | 8/15/2031 | A+ | 1,150 | 1,389,660 | ||||||||||
CA Hlth - Lucile Packard Childrens Hsp | 5.00 | % | 8/15/2032 | A+ | 1,250 | 1,505,000 | ||||||||||
CA Hlth - Sutter Hlth | 5.00 | % | 11/15/2032 | AA- | 2,000 | 2,509,860 | ||||||||||
CA Hlth - Sutter Hlth | 5.00 | % | 11/15/2033 | AA- | 2,450 | 3,070,046 | ||||||||||
CA Hlth - Sutter Hlth | 5.00 | % | 11/15/2034 | AA- | 3,350 | 4,188,237 | ||||||||||
CA Hlth Facs - Cedars-Sinai Med Ctr | 5.00 | % | 11/15/2026 | Aa3 | 5,000 | 6,119,250 | ||||||||||
CA Muni Fin - Cmnty Med Ctrs | 5.00 | % | 2/1/2030 | A- | 3,305 | 3,838,857 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr† | 5.00 | % | 12/1/2033 | BB- | 1,000 | 1,170,460 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
CA Stwde - Loma Linda Univ Med Ctr | 5.25 | % | 12/1/2029 | BB- | $ | 5,000 | $ | 5,699,550 | ||||||||
CA Stwde - Loma Linda Univ Med Ctr | 5.25 | % | 12/1/2034 | BB- | 4,500 | 5,056,695 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr† | 5.25 | % | 12/1/2038 | BB- | 1,500 | 1,770,975 | ||||||||||
Camden Co Impt Auth - Cooper Hlth | 5.00 | % | 2/15/2023 | BBB+ | 3,000 | 3,317,010 | ||||||||||
Camden Co Impt Auth - Cooper Hlth | 5.00 | % | 2/15/2024 | BBB+ | 3,730 | 4,234,408 | ||||||||||
Camden Co Impt Auth - Cooper Hlth | 5.00 | % | 2/15/2025 | BBB+ | 1,250 | 1,415,888 | ||||||||||
Camden Co Impt Auth - Cooper Hlth | 5.00 | % | 2/15/2027 | BBB+ | 1,000 | 1,127,160 | ||||||||||
City of Oroville- Oroville Hsp | 5.25 | % | 4/1/2034 | BB+ | 2,300 | 2,797,881 | ||||||||||
Clarke Co Hsp - Piedmont Hlth | 5.00 | % | 7/1/2029 | AA- | 7,090 | 8,587,692 | ||||||||||
Clarke Co Hsp - Piedmont Hlth | 5.00 | % | 7/1/2030 | AA- | 4,500 | 5,446,530 | ||||||||||
CO Hlth Fac Auth - CommonSpirit | 4.00 | % | 8/1/2039 | BBB+ | 2,500 | 2,727,400 | ||||||||||
CO Hlth Facs - Christian Living Cmnty | 5.125 | % | 1/1/2030 | NR | 600 | 630,096 | ||||||||||
CO Hlth Facs - Christian Living Nghbrhds | 5.00 | % | 1/1/2031 | NR | 1,400 | 1,553,650 | ||||||||||
CO Hlth Facs - Valley View Hosp | 2.80 | %#(a) | 5/15/2042 | A- | 2,445 | 2,532,311 | ||||||||||
CO Hlth Facs Auth - Commonspirit | 5.00 | % | 8/1/2031 | BBB+ | 3,000 | 3,690,000 | ||||||||||
CT Hlth & Ed - Griffin Hosp†(e) | 5.00 | % | 7/1/2032 | BB+ | 370 | 439,112 | ||||||||||
CT Hlth & Ed - Griffin Hosp†(e) | 5.00 | % | 7/1/2034 | BB+ | 225 | 265,581 | ||||||||||
CT Hlth & Ed - Griffin Hosp†(e) | 5.00 | % | 7/1/2039 | BB+ | 1,000 | 1,166,470 | ||||||||||
CT Hlth & Ed Fac Auth - Nuvance Hlt | 4.00 | % | 7/1/2034 | A- | 1,750 | 1,959,842 | ||||||||||
CT Hlth & Ed Fac Auth - Nuvance Hlt | 4.00 | % | 7/1/2035 | A- | 2,500 | 2,786,925 | ||||||||||
CT Hlth & Ed Fac Auth - Nuvance Hlt | 5.00 | % | 7/1/2028 | A- | 5,000 | 6,257,200 | ||||||||||
CT Hlth & Ed Fac Auth - Nuvance Hlt | 5.00 | % | 7/1/2029 | A- | 5,250 | 6,664,875 | ||||||||||
Cumberland Co Mun Auth - Asbury | 5.25 | % | 1/1/2032 | NR | 1,200 | 1,247,400 | ||||||||||
Cuyahoga Co Hsp - Metrohealth | 5.00 | % | 2/15/2037 | NR | 5,000 | 5,760,400 | ||||||||||
DC Hsp - Childrens Ntl Hsp | 5.00 | % | 7/15/2026 | A1 | 1,700 | 2,048,364 | ||||||||||
Decatur Hsp - Wise Hlth | 5.00 | % | 9/1/2034 | BBB- | 4,825 | 5,333,555 | ||||||||||
Decatur Hsp - Wise Hlth | 5.25 | % | 9/1/2029 | BBB- | 800 | 903,408 | ||||||||||
Duluth EDA - St Lukes Hsp | 5.75 | % | 6/15/2032 | NR | 4,250 | 4,607,212 | ||||||||||
Eden Twp Hlthcare Dist COP | 5.375 | % | 6/1/2023 | NR | 2,530 | 2,575,692 | ||||||||||
Eisenhower Med Ctr | 5.00 | % | 7/1/2029 | Baa2 | 900 | 1,084,518 | ||||||||||
Eisenhower Med Ctr | 5.00 | % | 7/1/2031 | Baa2 | 1,500 | 1,788,045 | ||||||||||
Eisenhower Med Ctr | 5.00 | % | 7/1/2033 | Baa2 | 1,000 | 1,182,910 | ||||||||||
Fairfax Co EDA - Vinson Hall | 4.50 | % | 12/1/2032 | BBB+ | (c) | 2,500 | 2,669,750 | |||||||||
Franklin Co IDA - Menno-Haven | 5.00 | % | 12/1/2031 | NR | 1,000 | 1,113,010 | ||||||||||
Franklin Co IDA - Menno-Haven | 5.00 | % | 12/1/2033 | NR | 1,000 | 1,108,430 | ||||||||||
Franklin Co IDA - Menno-Haven | 5.00 | % | 12/1/2038 | NR | 1,000 | 1,097,080 | ||||||||||
Franklin Hlth - Proton Therapy† | 6.50 | % | 6/1/2027 | NR | 3,750 | 3,961,050 | ||||||||||
Glendale IDA - Beatitudes | 5.00 | % | 11/15/2036 | NR | 1,500 | 1,620,900 | ||||||||||
Greeneville Hlth - Ballad Hlth | 5.00 | % | 7/1/2035 | A- | 3,300 | 3,954,027 | ||||||||||
Greeneville Hlth - Ballad Hlth | 5.00 | % | 7/1/2036 | A- | 3,000 | 3,577,020 | ||||||||||
Greeneville Hlth - Ballad Hlth | 5.00 | % | 7/1/2037 | A- | 12,000 | 14,230,440 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
Guadalupe Co - Seguin City Hospital | 5.25 | % | 12/1/2035 | BB | $ | 3,000 | $ | 3,311,190 | ||||||||
Hanover Co EDA - Covenant Woods | 4.50 | % | 7/1/2030 | NR | 2,790 | 2,885,111 | ||||||||||
Harris Co Cultural Ed - Brazos | 4.00 | % | 1/1/2023 | BBB- | (c) | 735 | 772,044 | |||||||||
Harris Co Cultural Ed - Brazos | 5.00 | % | 1/1/2033 | BBB- | (c) | 545 | 576,474 | |||||||||
Harris Co Cultural Ed - Brazos | 6.375 | % | 1/1/2033 | BBB- | (c) | 1,385 | 1,549,967 | |||||||||
HI Dept Budget - Kahala Nui | 5.00 | % | 11/15/2027 | A | (c) | 1,500 | 1,663,635 | |||||||||
IA Fin Auth - Iowa Fertilizer Co | 5.25 | %#(a) | 12/1/2050 | B+ | 8,095 | 8,904,662 | ||||||||||
IL Fin Auth - Ascension Health | 4.00 | % | 2/15/2033 | AA+ | 5,000 | 5,584,500 | ||||||||||
IL Fin Auth - Centegra Hlth | 5.00 | % | 9/1/2034 | AA+ | 1,015 | 1,156,907 | ||||||||||
Il Fin Auth - Lutheran Life | 5.00 | % | 11/1/2035 | NR | 2,245 | 2,467,682 | ||||||||||
IL Fin Auth - Northwestern Mem Hlth | 5.00 | % | 7/15/2029 | AA+ | 1,000 | 1,247,720 | ||||||||||
IL Fin Auth - Plymouth Place | 5.00 | % | 5/15/2030 | BB+ | (c) | 1,690 | 1,839,717 | |||||||||
IL Fin Auth - Silver Cross Hsp | 5.00 | % | 8/15/2035 | Baa1 | 4,500 | 5,098,275 | ||||||||||
Karnes Co Hsp Dist | 5.00 | % | 2/1/2024 | A | (c) | 1,710 | 1,811,027 | |||||||||
Karnes Co Hsp Dist | 5.00 | % | 2/1/2034 | A | (c) | 1,000 | 1,082,420 | |||||||||
Kirkwood IDA - Aberdeen Heights | 5.25 | % | 5/15/2037 | BB | (c) | 2,000 | 2,271,320 | |||||||||
KY EDA - Masonic Homes | 5.375 | % | 11/15/2032 | NR | 2,385 | 2,508,519 | ||||||||||
KY EDFA - Owensboro Hlth | 5.00 | % | 6/1/2029 | Baa3 | 4,235 | 4,962,615 | ||||||||||
KY EDFA - Owensboro Hlth | 5.00 | % | 6/1/2032 | Baa3 | 6,000 | 6,954,120 | ||||||||||
Lee Memorial Hlth System | 5.00 | % | 4/1/2036 | A+ | 4,535 | 5,542,541 | ||||||||||
Lehigh Co - Lehigh Valley Health Network | 5.00 | % | 7/1/2029 | A+ | 4,300 | 5,433,265 | ||||||||||
MA DFA - Beth Israel Lahey Hlth | 5.00 | % | 7/1/2034 | A | 1,000 | 1,241,770 | ||||||||||
MA DFA - Beth Israel Lahey Hlth | 5.00 | % | 7/1/2036 | A | 2,000 | 2,464,860 | ||||||||||
MA DFA - Atrius Hlth | 5.00 | % | 6/1/2039 | BBB | 1,250 | 1,501,388 | ||||||||||
MA DFA - Partners Hlthcare Sys | 5.00 | % | 7/1/2030 | AA- | 9,660 | 12,083,018 | ||||||||||
MA DFA - Wellforce Hlth | 4.00 | % | 7/1/2035 | BBB+ | 2,000 | 2,212,060 | ||||||||||
MA DFA - Wellforce Hlth | 4.00 | % | 7/1/2037 | BBB+ | 3,930 | 4,318,363 | ||||||||||
MA DFA - Wellforce Hlth | 5.00 | % | 7/1/2038 | BBB+ | 1,000 | 1,196,040 | ||||||||||
MA DFA - Wellforce Hlth | 5.00 | % | 7/1/2039 | BBB+ | 2,250 | 2,680,177 | ||||||||||
Maricopa Cnty AZ IDA - Banner Health | 5.00 | % | 1/1/2028 | AA- | 5,000 | 6,309,350 | ||||||||||
Maricopa Co IDA - Honor Health | 5.00 | % | 9/1/2033 | A2 | 500 | 611,990 | ||||||||||
Maricopa Co IDA - Honor Health | 5.00 | % | 9/1/2034 | A2 | 1,000 | 1,219,290 | ||||||||||
Maricopa Co IDA - Honor Health | 5.00 | % | 9/1/2035 | A2 | 1,000 | 1,213,260 | ||||||||||
Maricopa Co IDA - Honor Health | 5.00 | % | 9/1/2036 | A2 | 1,800 | 2,174,652 | ||||||||||
MD Hlth & Hi Ed - Mercy Med Ctr | 5.00 | % | 7/1/2031 | Baa1 | 1,100 | 1,180,300 | ||||||||||
MD Hlth & Hi Ed - Western MD Hlth Sys | 5.00 | % | 7/1/2024 | BBB | 5,000 | 5,759,800 | ||||||||||
ME Hlth & Hi Ed - MaineGeneral Hlth | 6.00 | % | 7/1/2026 | Ba3 | 7,755 | 8,173,150 | ||||||||||
Meadville Med Center | 6.00 | % | 6/1/2036 | NR | 3,830 | 4,439,276 | ||||||||||
Met Nash/Davidson Hlth - Vanderbilt Med | 5.00 | % | 7/1/2031 | A3 | 1,300 | 1,546,350 | ||||||||||
MI Fin Auth - Crittenton Hospital | 5.00 | % | 6/1/2022 | NR | 2,960 | 3,230,929 | ||||||||||
MI Fin Auth - Crittenton Hospital | 5.00 | % | 6/1/2027 | NR | 7,250 | 7,913,592 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
MI Fin Auth - Trinity Health | 5.00 | % | 12/1/2035 | AA- | $ | 5,000 | $ | 6,070,750 | ||||||||
Miami Beach Hlth - Mt Sinai Med Ctr | 5.00 | % | 11/15/2030 | Baa1 | 1,500 | 1,707,105 | ||||||||||
MN Agric & Econ Dev - Essential Hlth Rmkt (AGC) | 5.50 | % | 2/15/2025 | AA | 4,500 | 4,522,365 | ||||||||||
Monroe Co - St. Ann’s | 4.00 | % | 1/1/2030 | NR | 2,000 | 2,140,340 | ||||||||||
Montgomery Co IDA - Einstein Hlthcare | 5.00 | % | 1/15/2024 | Ba1 | 4,000 | 4,485,760 | ||||||||||
Montgomery Co IDA - Einstein Hlthcare | 5.25 | % | 1/15/2026 | Ba1 | 2,000 | 2,307,020 | ||||||||||
Montgomery Co IDA - Einstein Hlthcare | 5.25 | % | 1/15/2028 | Ba1 | 3,000 | 3,434,760 | ||||||||||
Montgomery Co IDA - Jefferson Hlth | 4.00 | % | 9/1/2036 | A | 1,350 | 1,515,213 | ||||||||||
Montgomery Co IDA - Jefferson Hlth | 4.00 | % | 9/1/2038 | A | 1,200 | 1,334,736 | ||||||||||
Montgomery Co IDA - Jefferson Hlth | 4.00 | % | 9/1/2039 | A | 2,600 | 2,883,842 | ||||||||||
Montgomery Co IDA - Whitemarsh | 4.00 | % | 1/1/2023 | NR | 4,000 | 4,104,480 | ||||||||||
Montgomery Co IDA - Whitemarsh | 5.00 | % | 1/1/2030 | NR | 2,000 | 2,115,700 | ||||||||||
Moon IDC - Baptist Homes Soc | 5.00 | % | 7/1/2020 | NR | 335 | 338,196 | ||||||||||
Moon IDC - Baptist Homes Soc | 5.125 | % | 7/1/2025 | NR | 4,600 | 4,951,624 | ||||||||||
Multnomah Co Hsp - Mirabella | 5.125 | % | 10/1/2034 | NR | 4,000 | 4,347,280 | ||||||||||
Muskingum Co Hsp - Genesis Hlthcare | 5.00 | % | 2/15/2033 | BB+ | 10,500 | 11,342,730 | ||||||||||
Nassau Co LEAC - Winthrop Univ Hsp | 5.00 | % | 7/1/2027 | A3 | 3,000 | 3,241,770 | ||||||||||
NC Med - Lutheran Svcs | 4.75 | % | 3/1/2032 | NR | 2,550 | 2,664,418 | ||||||||||
NC Med - Southminster | 5.00 | % | 10/1/2031 | NR | 1,750 | 1,940,610 | ||||||||||
New Hope Cult Ed Facs - Carillon | 5.00 | % | 7/1/2036 | NR | 1,250 | 1,297,688 | ||||||||||
New Hope Cult Ed Facs - Crestview | 5.00 | % | 11/15/2031 | BB+ | (c) | 850 | 935,417 | |||||||||
New Hope Ed Facs - Childrens Hlth | 5.00 | % | 8/15/2026 | Aa2 | 2,000 | 2,446,760 | ||||||||||
New Hope Ed Facs - Childrens Hlth | 5.00 | % | 8/15/2028 | Aa2 | 3,170 | 3,938,915 | ||||||||||
NJ Hlth - Hackensack Meridian Hlth | 5.00 | % | 7/1/2028 | AA- | 5,500 | 6,853,000 | ||||||||||
NJ Hlth - St Josephs Hlth | 5.00 | % | 7/1/2028 | BBB- | 1,300 | 1,526,447 | ||||||||||
NJ Hlth - St Josephs Hlth | 5.00 | % | 7/1/2029 | BBB- | 1,605 | 1,877,031 | ||||||||||
NJ Hlth - St Josephs Hlth | 5.00 | % | 7/1/2030 | BBB- | 1,100 | 1,281,137 | ||||||||||
NJ Hlth - St Josephs Hlth | 5.00 | % | 7/1/2031 | BBB- | 1,110 | 1,288,677 | ||||||||||
NJ Hlth - St Peters Univ Hsp | 5.25 | % | 7/1/2021 | BB+ | 1,070 | 1,072,472 | ||||||||||
NJ Hlth - St Peters Univ Hsp | 6.00 | % | 7/1/2026 | BB+ | 5,500 | 5,799,035 | ||||||||||
NJ Hlth - Univ Hosp (AGM) | 5.00 | % | 7/1/2028 | AA | 2,000 | 2,318,040 | ||||||||||
NJ Hlth Fin Auth - Valley Health | 4.00 | % | 7/1/2036 | A | 1,000 | 1,142,850 | ||||||||||
NJ Hlth Fin Auth - Valley Health | 4.00 | % | 7/1/2037 | A | 1,000 | 1,140,400 | ||||||||||
NJ Hlth Fin Auth - Valley Health | 5.00 | % | 7/1/2029 | A | 1,000 | 1,282,520 | ||||||||||
NM Hsp - Haverland | 5.00 | % | 7/1/2032 | BBB- | (c) | 1,000 | 1,055,410 | |||||||||
Norfolk EDA - Sentara Hlth | 5.00 | %#(a) | 11/1/2048 | AA | 5,500 | 6,961,955 | ||||||||||
NY Dorm - Catholic Hlth | 4.00 | % | 7/1/2037 | BBB+ | 1,100 | 1,230,581 | ||||||||||
NY Dorm - Catholic Hlth | 4.00 | % | 7/1/2039 | BBB+ | 1,000 | 1,111,590 | ||||||||||
NY Dorm - Catholic Hlth | 4.00 | % | 7/1/2040 | BBB+ | 850 | 942,242 | ||||||||||
NY Dorm - Catholic Hlth | 5.00 | % | 7/1/2036 | BBB+ | 1,625 | 2,005,835 | ||||||||||
NY Dorm - Montefiore | 4.00 | % | 8/1/2036 | BBB | 1,650 | 1,834,800 | ||||||||||
NY Dorm - Montefiore | 4.00 | % | 8/1/2037 | BBB | 650 | 720,779 | ||||||||||
NY Dorm - Montefiore | 4.00 | % | 8/1/2038 | BBB | 900 | 994,095 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
NY Dorm - Montefiore | 5.00 | % | 8/1/2033 | BBB | $ | 900 | $ | 1,092,951 | ||||||||
NY Dorm - Montefiore | 5.00 | % | 8/1/2034 | BBB | 500 | 604,905 | ||||||||||
NY Dorm - Montefiore | 5.00 | % | 8/1/2035 | BBB | 900 | 1,084,311 | ||||||||||
NY Dorm - Orange Regl Med Ctr† | 5.00 | % | 12/1/2026 | BBB- | 1,500 | 1,796,820 | ||||||||||
NY Dorm - Orange Regl Med Ctr† | 5.00 | % | 12/1/2027 | BBB- | 1,300 | 1,566,903 | ||||||||||
NY Dorm - Orange Regl Med Ctr† | 5.00 | % | 12/1/2028 | BBB- | 2,000 | 2,395,440 | ||||||||||
NYC Hlth & Hsp Corp | 5.00 | % | 2/15/2023 | Aa2 | 4,000 | 4,481,160 | ||||||||||
OH Hosp Fac - Premier Hlt | 4.00 | % | 11/15/2039 | Baa1 | 6,000 | 6,549,120 | ||||||||||
OK DFA - OU Med | 5.00 | % | 8/15/2033 | Baa3 | 5,045 | 6,051,730 | ||||||||||
OK DFA - OU Med | 5.00 | % | 8/15/2038 | Baa3 | 2,380 | 2,813,969 | ||||||||||
OK DFA - OU Med | 5.25 | % | 8/15/2043 | Baa3 | 5,105 | 6,089,193 | ||||||||||
Oneida Co - Mohawk Valley Hlth | 4.00 | % | 12/1/2035 | AA | 1,000 | 1,133,460 | ||||||||||
Oneida Co - Mohawk Valley Hlth | 4.00 | % | 12/1/2036 | AA | 1,250 | 1,412,375 | ||||||||||
Oneida Co - Mohawk Valley Hlth | 4.00 | % | 12/1/2037 | AA | 1,000 | 1,124,830 | ||||||||||
OR Hosp Fac - Salem Health | 5.00 | % | 5/15/2029 | A+ | 3,275 | 4,165,734 | ||||||||||
OR Hosp Fac - Salem Health | 5.00 | % | 5/15/2030 | A+ | 4,660 | 5,880,314 | ||||||||||
Oroville - Oroville Hsp | 5.25 | % | 4/1/2039 | BB+ | 440 | 527,111 | ||||||||||
Palomar Hlth | 5.00 | % | 11/1/2036 | BBB | 2,980 | 3,425,093 | ||||||||||
Palomar Hlth Care Dist COPS | 5.25 | % | 11/1/2021 | Ba1 | 1,620 | 1,677,413 | ||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.00 | % | 7/1/2029 | BBB- | 1,915 | 2,255,181 | ||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.00 | % | 7/1/2030 | BBB- | 4,775 | 5,604,226 | ||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.00 | % | 7/1/2032 | BBB- | 4,055 | 4,735,348 | ||||||||||
Pinellas Co IDA - Patel Foundation | 5.00 | % | 7/1/2039 | NR | 850 | 988,788 | ||||||||||
Roanoke EDA - Carilion Clinic | 5.00 | % | 7/1/2025 | AA- | 10,000 | 10,192,300 | ||||||||||
San Buenaventura - Cmnty Mem Hlth | 8.00 | % | 12/1/2026 | BB | 10,050 | 11,211,579 | ||||||||||
Sartell Hlth Care - Country Manor | 5.25 | % | 9/1/2030 | NR | 1,000 | 1,069,010 | ||||||||||
SE Port Auth - Memorial Hlth | 5.50 | % | 12/1/2029 | BB- | (c) | 750 | 849,045 | |||||||||
South Miami Hlth Fac - Baptist Hlth | 5.00 | % | 8/15/2026 | A1 | 3,000 | 3,661,680 | ||||||||||
South Miami Hlth Fac - Baptist Hlth | 5.00 | % | 8/15/2027 | A1 | 3,620 | 4,497,705 | ||||||||||
South Miami Hlth Fac - Baptist Hlth | 5.00 | % | 8/15/2028 | NR | 2,625 | 3,257,467 | ||||||||||
St Paul Hsg - HlthEast Care Sys | 5.00 | % | 11/15/2023 | NR | 3,735 | 4,277,247 | ||||||||||
St Paul Hsg - HlthEast Care Sys | 5.00 | % | 11/15/2024 | NR | 4,500 | 5,305,950 | ||||||||||
Tempe IDA - ASU Mirabella† | 4.00 | % | 10/1/2023 | NR | 4,115 | 4,148,249 | ||||||||||
Tulsa Co Industrial Auth - Montereau | 5.25 | % | 11/15/2037 | BBB- | (c) | 1,250 | 1,429,963 | |||||||||
Tyler Hlth - Mother Frances Hsp | 5.50 | % | 7/1/2027 | NR | 3,975 | 4,221,887 | ||||||||||
Univ of CA | 5.00 | % | 5/15/2034 | AA- | 12,250 | 15,186,692 | ||||||||||
VA Clg Bldg Auth | 4.00 | % | 2/1/2034 | AA+ | 19,965 | 23,149,018 | ||||||||||
WA Hlth - Fred Hutchinson Cancer Ctr | 2.301 (1 Mo. LIBOR * .67 + 1.10 | % %)# | 1/1/2042 | A+ | 4,000 | 4,047,200 | ||||||||||
WA Hsg - Rockwood† | 6.00 | % | 1/1/2024 | NR | 890 | 945,127 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
WA Hsg - Transforming Age† | 2.375 | % | 1/1/2026 | BB | (c) | $ | 1,800 | $ | 1,801,962 | |||||||
Waverly Hlth Ctr | 2.50 | % | 12/31/2022 | NR | 2,100 | 2,113,587 | ||||||||||
Westchester Co LDC - Kendal Hudson | 5.00 | % | 1/1/2028 | BBB | (c) | 1,350 | 1,467,950 | |||||||||
WI Hlth & Ed - American Baptist | 5.00 | % | 8/1/2032 | NR | 1,375 | 1,500,386 | ||||||||||
WI Hlth & Ed - American Baptist | 5.00 | % | 8/1/2037 | NR | 1,500 | 1,619,430 | ||||||||||
WI Hlth & Ed - Aurora Hlth | 5.00 | % | 7/15/2026 | Aa3 | 5,575 | 5,905,542 | ||||||||||
WI PFA - Alabama Proton† | 6.85 | % | 10/1/2047 | NR | 2,160 | 2,365,222 | ||||||||||
Wood Co Hsp Facs - Wood Co Hsp | 5.00 | % | 12/1/2027 | Ba2 | 3,450 | 3,681,150 | ||||||||||
Wood Co Hsp Facs - Wood Co Hsp | 5.00 | % | 12/1/2032 | Ba2 | 2,275 | 2,403,651 | ||||||||||
Woodbury Hsg - St Therese | 5.00 | % | 12/1/2029 | NR | 1,000 | 1,073,650 | ||||||||||
Woodbury Hsg - St Therese | 5.00 | % | 12/1/2034 | NR | 1,000 | 1,062,480 | ||||||||||
WV Hsp - Herbert Thomas Hlth(b) | 6.00 | % | 10/1/2020 | NR | 760 | 444,600 | ||||||||||
WV Hsp - WV United Health Sys | 4.00 | % | 6/1/2030 | A | 5,500 | 6,105,110 | ||||||||||
Total | 675,404,778 | |||||||||||||||
Housing 1.30% | ||||||||||||||||
Alachua Co Hlth - Oak Hammock | 8.00 | % | 10/1/2032 | NR | 500 | 563,775 | ||||||||||
CA Com Hsg Agency - Verdant† | 5.00 | % | 8/1/2049 | NR | 400 | 452,632 | ||||||||||
CA HFA - MFH | 4.00 | % | 3/20/2033 | BBB+ | 6,800 | 7,789,264 | ||||||||||
CA HFA - MFH | 4.25 | % | 1/15/2035 | BBB+ | 2,986 | 3,504,949 | ||||||||||
CA Muni Fin - Park Wstrn Apts (GNMA) | 2.65 | % | 8/1/2036 | Aaa | 4,484 | 4,484,687 | ||||||||||
CA State GO | 5.00 | % | 11/1/2031 | Aa2 | 10,000 | 12,501,200 | ||||||||||
CA Stwde - CHF-Irvine LLC | 5.00 | % | 5/15/2026 | Baa1 | 1,000 | 1,199,000 | ||||||||||
CA Stwde - CHF-Irvine LLC | 5.00 | % | 5/15/2027 | Baa1 | 750 | 894,810 | ||||||||||
CA Stwde - Lancer Student Hsg† | 5.00 | % | 6/1/2034 | NR | 380 | 453,245 | ||||||||||
CA Stwde - Lancer Student Hsg† | 5.00 | % | 6/1/2039 | NR | 650 | 764,042 | ||||||||||
MD State Hsg CDA | 3.00 | % | 9/1/2039 | Aa2 | 10,000 | 10,154,000 | ||||||||||
MI Strategic Fd - Evangelical Homes | 5.25 | % | 6/1/2032 | BB+ | (c) | 1,500 | 1,559,790 | |||||||||
MO State Hsg Dev Cmmn (GNMA) | 4.25 | % | 5/1/2047 | AA+ | 2,430 | 2,683,838 | ||||||||||
NJ EDA - Rowan Univ Pptys | 5.00 | % | 1/1/2030 | BBB- | 2,500 | 2,754,400 | ||||||||||
NJ Hsg and Mtg Fin Auth AMT | 3.80 | % | 10/1/2032 | AA | 3,160 | 3,403,668 | ||||||||||
NYC IDA - Yankee Stadium (FGIC) | 2.584 (CPI Based) | % # | 3/1/2021 | Baa1 | 3,850 | 3,884,380 | ||||||||||
NYS Mtg | 3.00 | % | 10/1/2039 | Aa1 | 4,675 | 4,743,068 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2032 | Baa3 | 1,080 | 1,296,605 | ||||||||||
WA Hsg - Emerald Heights | 5.00 | % | 7/1/2022 | A- | (c) | 1,000 | 1,084,820 | |||||||||
Total | 64,172,173 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Lease Obligations 6.12% | ||||||||||||||||
Broward Co Sch Brd COP | 5.00 | % | 7/1/2021 | Aa3 | $ | 5,000 | $ | 5,288,250 | ||||||||
CA Pub Wks - Dept Hsps | 5.00 | % | 6/1/2023 | Aa3 | 3,000 | 3,397,800 | ||||||||||
CA Pub Wks - Lease Rev | 5.00 | % | 10/1/2029 | Aa3 | 19,195 | 24,066,499 | ||||||||||
CA Pub Wks - Various Cap Proj | 5.00 | % | 4/1/2021 | Aa3 | 3,250 | 3,411,558 | ||||||||||
CA Pub Wks - Various Cap Proj | 5.00 | % | 11/1/2021 | Aa3 | 1,000 | 1,072,820 | ||||||||||
CA Pub Wks - Various Cap Proj | 5.00 | % | 4/1/2022 | Aa3 | 4,200 | 4,572,708 | ||||||||||
Cuyahoga Co COP - Conv Hotel Proj | 5.00 | % | 12/1/2023 | AA- | 5,640 | 6,396,888 | ||||||||||
Dallas Civic Ctr (AGC) | 5.00 | % | 8/15/2021 | AA | 3,800 | 3,811,134 | ||||||||||
Dallas Conv Ctr Hotel Dev Corp | 5.25 | % | 1/1/2022 | A | 6,405 | 6,423,767 | ||||||||||
Erie Co IDA - Buffalo Sch Dist | 5.00 | % | 5/1/2024 | AA | 5,930 | 6,230,651 | ||||||||||
Houston Co Coop Dist - Country Crossing(b) | Zero Coupon | 6/7/2013 | NR | 1,768 | 247,520 | (d) | ||||||||||
Hudson Yards | 5.00 | % | 2/15/2029 | Aa2 | 3,500 | 4,345,355 | ||||||||||
IL Sports Facs Auth (AGM) | 5.00 | % | 6/15/2027 | AA | 3,000 | 3,379,410 | ||||||||||
IN Fin Auth - Stadium | 5.25 | % | 2/1/2029 | AA+ | 2,500 | 3,010,750 | ||||||||||
Kansas City IDA - Downtown Redev Dist | 5.00 | % | 9/1/2022 | AA- | 7,470 | 7,923,728 | ||||||||||
LA PFA - Hurricane Recovery | 5.00 | % | 6/1/2023 | A1 | 3,200 | 3,588,832 | ||||||||||
Los Angeles Co COP - Disney Concert Hall | 5.00 | % | 9/1/2022 | AA+ | 1,250 | 1,384,038 | ||||||||||
MI St Bldg Auth | 5.00 | % | 4/15/2036 | Aa2 | 3,000 | 3,802,860 | ||||||||||
MI Strategic Fd - Cadillac Place | 5.25 | % | 10/15/2023 | Aa2 | 3,865 | 4,139,492 | ||||||||||
MI Strategic Fd - Cadillac Place | 5.25 | % | 10/15/2024 | Aa2 | 6,915 | 7,407,348 | ||||||||||
Miami Dade Co Sch Dist GO | 4.00 | % | 3/15/2034 | Aa2 | 4,535 | 5,066,547 | ||||||||||
NJ EDA - Bldgs | 5.00 | % | 6/15/2036 | BBB+ | 1,320 | 1,520,204 | ||||||||||
NJ EDA - Motor Vehicle Surcharge Sub Rev | 5.00 | % | 7/1/2033 | BBB+ | 8,450 | 9,732,034 | ||||||||||
NJ EDA - Sch Facs | 3.21 (MUNIPSA * 1 + 1.60 | % %)# | 3/1/2028 | BBB+ | 5,000 | 5,018,200 | ||||||||||
NJ EDA - Sch Facs | 4.00 | % | 6/15/2030 | BBB+ | 7,500 | 7,939,650 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2025 | BBB+ | 5,085 | 5,888,481 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2029 | BBB+ | 7,500 | 8,206,875 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2034 | A- | (c) | 3,000 | 3,445,920 | |||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2035 | BBB+ | 4,925 | 5,526,047 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2035 | A- | (c) | 1,000 | 1,145,940 | |||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2042 | A- | (c) | 1,400 | 1,577,492 | |||||||||
NJ EDA - Sch Facs | 5.25 | % | 9/1/2023 | BBB+ | 6,545 | 6,833,307 | ||||||||||
NJ EDA - Sch Facs | 5.25 | % | 9/1/2025 | BBB+ | 5,550 | 5,791,869 | ||||||||||
NJ EDA - Sch Facs | 5.25 | % | 6/15/2032 | BBB+ | 2,865 | 3,267,733 | ||||||||||
NJ EDA - Sch Facs | 5.50 | % | 6/15/2029 | BBB+ | 3,500 | 4,189,850 | ||||||||||
NJ EDA - State House Proj | 5.00 | % | 6/15/2033 | BBB+ | 7,215 | 8,473,152 | ||||||||||
NJ EDA - State House Proj | 5.00 | % | 6/15/2034 | BBB+ | 13,645 | 15,951,141 | ||||||||||
NJ Trans Trust Fund | 4.00 | % | 12/15/2031 | BBB+ | 5,000 | 5,429,200 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2030 | A+ | 3,000 | 3,495,360 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2031 | A+ | 2,400 | 2,787,240 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Lease Obligations (continued) | ||||||||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2031 | BBB+ | $ | 8,000 | $ | 9,493,040 | ||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2033 | BBB+ | 25,000 | 29,413,500 | ||||||||||
NJ Trans Trust Fund | 5.25 | % | 6/15/2043 | BBB+ | 4,580 | 5,368,035 | ||||||||||
NJ Trans Trust Fund (NPFGC)(FGIC) | 5.50 | % | 12/15/2020 | BBB+ | 1,000 | 1,038,740 | ||||||||||
NYC TFA | 5.00 | % | 7/15/2035 | AA | 10,000 | 11,848,100 | ||||||||||
NYC TFA - Bldg Aid | 5.00 | % | 7/15/2028 | AA | 1,500 | 1,761,705 | ||||||||||
Oakland/Alameda Co Coliseum Auth - Oakland Coliseum | 5.00 | % | 2/1/2021 | Aa3 | 8,750 | 9,131,937 | ||||||||||
Philadelphia Redev Auth | 5.00 | % | 4/15/2022 | A | 5,195 | 5,609,873 | ||||||||||
Philadelphia Redev Auth | 5.00 | % | 4/15/2028 | A | 4,380 | 5,102,306 | ||||||||||
San Diego Conv Ctr Fing Auth | 5.00 | % | 4/15/2021 | AA- | 3,750 | 3,947,662 | ||||||||||
San Jose Fing Auth - Civic Ctr | 5.00 | % | 6/1/2023 | AA | 1,000 | 1,137,300 | ||||||||||
South Florida Wtr Mgt Dist | 5.00 | % | 10/1/2027 | AA | 2,000 | 2,425,880 | ||||||||||
Total | 301,465,728 | |||||||||||||||
Other Revenue 3.73% | ||||||||||||||||
Apache Co Poll Ctl - Tucson Elec | 4.50 | % | 3/1/2030 | A- | 11,300 | 11,851,440 | ||||||||||
Brooklyn Arena LDC - Barclays Ctr | 5.00 | % | 7/15/2042 | Ba1 | 7,600 | 8,568,620 | ||||||||||
Brooklyn Arena LDC - Barclays Ctr (AGM) | 4.00 | % | 7/15/2029 | AA | 1,500 | 1,697,040 | ||||||||||
CA Infra & Econ Dev - Broad Museum | 5.00 | % | 6/1/2021 | Aa1 | 5,425 | 5,739,325 | ||||||||||
CA Infra & Econ Dev - Gladstone Instn | 5.25 | % | 10/1/2026 | BBB+ | 10,250 | 11,005,015 | ||||||||||
CA Sch Fin Auth - Aspire† | 5.00 | % | 8/1/2036 | BBB | 1,600 | 1,796,512 | ||||||||||
Chester Co IDA - Collegium Chtr Sch | 5.25 | % | 10/15/2032 | BB | 6,410 | 6,701,206 | ||||||||||
Cleveland Arpt | 5.00 | % | 1/1/2028 | A | 2,500 | 2,692,325 | ||||||||||
Cleveland Arpt | 5.00 | % | 1/1/2029 | A | 2,500 | 2,692,325 | ||||||||||
Cleveland Co Port Auth - Playhouse Sq | 5.00 | % | 12/1/2033 | BB+ | 2,000 | 2,303,940 | ||||||||||
Cleveland Co Port Auth - Playhouse Sq | 5.25 | % | 12/1/2038 | BB+ | 1,650 | 1,903,490 | ||||||||||
Clifton Higher Ed - Idea Pub Schs | 3.75 | % | 8/15/2022 | A- | 1,720 | 1,774,214 | ||||||||||
Clifton Higher Ed - Intl Ldrshp Sch | 6.00 | % | 8/15/2038 | NR | 13,970 | 15,850,502 | ||||||||||
Clifton Higher Ed - Uplift Education | 5.70 | % | 12/1/2025 | BBB- | 3,690 | 3,842,028 | ||||||||||
CT State Revolving Fund | 4.00 | % | 2/1/2038 | AAA | 3,000 | 3,446,670 | ||||||||||
DC Rev - Friendship Pub Chtr Sch | 5.00 | % | 6/1/2032 | BBB | 3,000 | 3,217,590 | ||||||||||
FL DFC - Renaissance Chtr Sch | 7.00 | % | 6/15/2026 | B+ | (c) | 3,000 | 3,186,150 | |||||||||
FL DFC - Renaissance Chtr Sch | 7.50 | % | 6/15/2033 | B+ | (c) | 3,000 | 3,189,210 | |||||||||
Florence Twn IDA - Legacy Trad Sch | 5.75 | % | 7/1/2033 | Ba2 | 3,000 | 3,280,110 | ||||||||||
HI Dept Budget - Hawaiian Electric AMT | 3.25 | % | 1/1/2025 | Baa2 | 5,000 | 5,263,000 | ||||||||||
Houston Hi Ed - Cosmos Fndtn | 4.00 | % | 2/15/2022 | BBB | 380 | 389,587 | ||||||||||
Houston Hi Ed - Cosmos Fndtn | 5.00 | % | 2/15/2032 | BBB | 2,250 | 2,362,298 | ||||||||||
Indianapolis Local Pub Impt Bd Bk | 5.00 | % | 6/1/2024 | A1 | 4,000 | 4,202,720 | ||||||||||
KS DFA - Revolving Fund | 5.00 | % | 5/1/2031 | AAA | 5,465 | 7,080,235 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Other Revenue (continued) | ||||||||||||||||
KY Public Energy Auth - Peak Energy | 4.00 | %#(a) | 2/1/2050 | A3 | $ | 10,000 | $ | 11,441,400 | ||||||||
Lower AL Gas Dist - Goldman Sachs | 5.00 | % | 9/1/2027 | A3 | 5,000 | 6,021,800 | ||||||||||
Main St Nat Gas - Macquarie | 5.00 | % | 5/15/2037 | A3 | 6,250 | 8,155,750 | ||||||||||
Maricopa Co - Legacy Schools† | 5.00 | % | 7/1/2039 | Ba2 | 2,055 | 2,300,429 | ||||||||||
Maricopa Co IDA - Paradise Schools† | 5.00 | % | 7/1/2036 | BB+ | 2,500 | 2,745,075 | ||||||||||
MD EDC - Chesapeake Bay Hyatt(b) | 5.00 | % | 12/1/2016 | NR | 700 | 451,500 | ||||||||||
Michigan St Strategic FD Escrow(f) | Zero Coupon | – | (g) | NR | 400 | 40 | (h) | |||||||||
MSR Energy Auth - Citi | 6.125 | % | 11/1/2029 | BBB+ | 3,785 | 4,828,032 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2027 | BBB+ | 6,900 | 7,581,030 | ||||||||||
NYC Cultural - Whitney Museum | 5.00 | % | 7/1/2021 | A+ | 5,000 | 5,189,800 | ||||||||||
PA IDA - Economic Dev | 5.00 | % | 7/1/2020 | A+ | 2,000 | 2,037,860 | ||||||||||
Phoenix IDA - Basis Schs† | 5.00 | % | 7/1/2035 | BB | 2,350 | 2,551,724 | ||||||||||
SA Energy Acquisition Pub Fac - Goldman Sachs | 5.50 | % | 8/1/2023 | A3 | 9,365 | 10,588,818 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2023 | A3 | 5,400 | 5,963,382 | ||||||||||
Total | 183,892,192 | |||||||||||||||
Special Tax 1.99% | ||||||||||||||||
Allentown Neighborhood Impt | 5.00 | % | 5/1/2031 | Baa3 | 5,500 | 5,830,770 | ||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2032 | Ba3 | 1,250 | 1,443,537 | ||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2033 | Ba3 | 1,000 | 1,168,030 | ||||||||||
Allentown Neighborhood Impt† | 5.375 | % | 5/1/2042 | NR | 5,500 | 6,192,010 | ||||||||||
CA Reassmt Dist 12/1 Irvine | 4.00 | % | 9/2/2022 | A+ | 1,500 | 1,615,035 | ||||||||||
Connecticut Special Transportation Fund: Debt | ||||||||||||||||
Service | 4.00 | % | 9/1/2034 | A+ | 8,075 | 8,915,769 | ||||||||||
CT Spl Tax - Trans Infra | 5.00 | % | 10/1/2030 | A+ | 9,000 | 11,255,850 | ||||||||||
CT Spl Tax - Trans Infra | 5.00 | % | 1/1/2032 | A+ | 14,375 | 17,539,944 | ||||||||||
Emeryville Redev Agy (AGM) | 5.00 | % | 9/1/2024 | AA | 1,950 | 2,299,849 | ||||||||||
Emeryville Redev Agy (AGM) | 5.00 | % | 9/1/2025 | AA | 2,650 | 3,121,488 | ||||||||||
Houston Co Coop Dist - Country Crossing(b) | 10.00 | % | 5/1/2039 | NR | 5,000 | 550,000 | (d) | |||||||||
Miami World Ctr CDD | 4.75 | % | 11/1/2027 | NR | 750 | 812,580 | ||||||||||
Orange Co CFD - Esencia | 5.00 | % | 8/15/2033 | NR | 1,370 | 1,567,705 | ||||||||||
Orange Co CFD - Esencia | 5.00 | % | 8/15/2035 | NR | 975 | 1,110,730 | ||||||||||
Peninsula Town Center† | 4.50 | % | 9/1/2028 | NR | 545 | 601,653 | ||||||||||
Peninsula Town Center† | 5.00 | % | 9/1/2037 | NR | 875 | 981,173 | ||||||||||
Pittsburg Redev Agy (AGM) | 5.00 | % | 8/1/2021 | AA | 1,875 | 1,993,631 | ||||||||||
Pittsburg Redev Agy - Los Medanos (AGM) | 5.00 | % | 9/1/2025 | AA | 3,500 | 4,178,440 | ||||||||||
Plaza Met Dist #1† | 4.50 | % | 12/1/2030 | NR | 4,300 | 4,452,908 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Special Tax (continued) | ||||||||||||||||
River Islands PFA - CFD 2003 | 5.375 | % | 9/1/2031 | NR | $ | 2,000 | $ | 2,183,340 | ||||||||
St Louis IDA - Ballpark Vlg | 4.375 | % | 11/15/2035 | NR | 3,955 | 4,290,068 | ||||||||||
Village CDD #12 | 3.25 | % | 5/1/2026 | NR | 3,900 | 4,022,577 | ||||||||||
Village CDD #12† | 3.80 | % | 5/1/2028 | NR | 2,240 | 2,369,136 | ||||||||||
Village CDD #12† | 4.00 | % | 5/1/2033 | NR | 1,990 | 2,125,021 | ||||||||||
Village CDD #13† | 3.00 | % | 5/1/2029 | NR | 500 | 507,295 | ||||||||||
Village CDD #13† | 3.375 | % | 5/1/2034 | NR | 1,250 | 1,278,637 | ||||||||||
Village CDD #9 | 5.00 | % | 5/1/2022 | NR | 575 | 596,183 | ||||||||||
Village CDD #9 | 5.25 | % | 5/1/2031 | NR | 1,630 | 1,719,194 | ||||||||||
Village CDD #9 | 5.75 | % | 5/1/2021 | NR | 910 | 936,408 | ||||||||||
Village CDD #9 | 6.75 | % | 5/1/2031 | NR | 2,190 | 2,323,174 | ||||||||||
Total | 97,982,135 | |||||||||||||||
Tax Revenue 4.71% | ||||||||||||||||
Bay Area Rapid Transit Dist | 5.00 | % | 7/1/2026 | AA+ | 1,000 | 1,216,090 | ||||||||||
City of Sparks - Legends at Sparks Marina† | 2.50 | % | 6/15/2024 | Ba2 | 450 | 455,675 | ||||||||||
City of Sparks - Legends at Sparks Marina† | 2.75 | % | 6/15/2028 | Ba2 | 1,450 | 1,481,654 | ||||||||||
Cook Co Sales Tax | 4.00 | % | 11/15/2034 | AA | 3,750 | 4,163,025 | ||||||||||
Dallas Area Rapid Trans | 5.00 | % | 12/1/2026 | AA+ | 7,245 | 8,520,844 | ||||||||||
El Paso Dev Corp - Downtown Ballpark | 6.25 | % | 8/15/2023 | AA- | 5,000 | 5,846,600 | ||||||||||
Gtr Wenatchee Regl Events Ctr | 5.00 | % | 9/1/2027 | NR | 1,000 | 1,030,820 | ||||||||||
Gtr Wenatchee Regl Events Ctr | 5.25 | % | 9/1/2032 | NR | 1,000 | 1,027,890 | ||||||||||
Jacksonville Sales Tax | 5.00 | % | 10/1/2021 | A+ | 2,500 | 2,663,025 | ||||||||||
Jefferson Co - Sch Warrant | 5.00 | % | 9/15/2026 | AA | 2,400 | 2,914,176 | ||||||||||
MA Sch Bldg Auth - Sales Tax | 5.00 | % | 1/15/2029 | AA+ | 6,385 | 7,594,127 | ||||||||||
MA Sch Bldg Auth - Sales Tax | 5.00 | % | 8/15/2030 | AA+ | 5,665 | 6,212,975 | ||||||||||
Martin Hsp Dist | 7.00 | % | 4/1/2031 | BBB | (c) | 3,250 | 3,408,795 | |||||||||
MBTA - Sales Tax | 5.00 | % | 7/1/2036 | AA | 4,145 | 5,046,579 | ||||||||||
Met Atlanta Rapid Trans Auth | 3.00 | % | 7/1/2037 | AA+ | 4,765 | 4,956,172 | ||||||||||
Met Atlanta Rapid Trans Auth | 3.00 | % | 7/1/2038 | AA+ | 5,430 | 5,612,882 | ||||||||||
Met Atlanta Rapid Trans Auth | 5.00 | % | 7/1/2025 | AA+ | 5,950 | 6,735,519 | ||||||||||
Met Atlanta Rapid Trans Auth | 5.00 | % | 7/1/2032 | AA+ | 5,000 | 6,052,100 | ||||||||||
Met Govt Nashville - Cnty Conv Ctr | 5.00 | % | 7/1/2022 | A+ | 3,245 | 3,306,103 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.00 | % | 12/15/2022 | BBB | 5,020 | 5,413,016 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.00 | % | 12/15/2028 | BBB | 10,090 | 10,793,071 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.25 | % | 6/15/2050 | BBB | 5,000 | 5,092,600 | ||||||||||
Miami Dade Co - Transit Rev | 5.00 | % | 7/1/2032 | AA | 7,500 | 9,632,475 | ||||||||||
MTA NY - Dedicated Tax | 5.00 | % | 11/15/2027 | AA | 5,700 | 6,321,870 | ||||||||||
NJ EDA - Cigarette Tax | 5.00 | % | 6/15/2024 | BBB+ | 3,000 | 3,226,740 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Tax Revenue (continued) | ||||||||||||||||
NJ EDA - Cigarette Tax | 5.00 | % | 6/15/2028 | BBB+ | $ | 6,650 | $ | 7,091,294 | ||||||||
NJ EDA - Cigarette Tax | 5.00 | % | 6/15/2029 | BBB+ | 500 | 532,055 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2031 | BBB+ | 3,200 | 3,797,216 | ||||||||||
NY Dorm - PIT | 4.00 | % | 2/15/2034 | AA+ | 5,000 | 5,668,750 | ||||||||||
NY Dorm - PIT | 5.00 | % | 3/15/2024 | AA+ | 15,585 | 16,322,638 | ||||||||||
NY Dorm - Sales Tax | 5.00 | % | 3/15/2028 | AA+ | 11,645 | 13,965,732 | ||||||||||
NYC TFA - Bldg Aid | 5.00 | % | 7/15/2024 | AA | 10,000 | 10,594,300 | ||||||||||
Phoenix Excise Tax | 5.00 | % | 7/1/2026 | AAA | 13,000 | 15,604,940 | ||||||||||
Polk Co Trans Rev | 5.00 | % | 12/1/2021 | A1 | 2,825 | 2,922,491 | ||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2024 | NR | 268 | 235,559 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2027 | NR | 2,534 | 2,026,541 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2029 | NR | 1,616 | 1,201,157 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2031 | NR | 5,670 | 3,899,939 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2033 | NR | 2,346 | 1,495,411 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2046 | NR | 6,882 | 1,852,359 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2051 | NR | 5,606 | 1,101,131 | |||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 5,550 | 5,640,021 | ||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 10,223 | 10,388,817 | ||||||||||
PR Corp Sales Tax | 4.536 | % | 7/1/2053 | NR | 81 | 82,974 | ||||||||||
PR Corp Sales Tax | 4.55 | % | 7/1/2040 | NR | 268 | 278,136 | ||||||||||
PR Corp Sales Tax | 4.75 | % | 7/1/2053 | NR | 1,967 | 2,058,505 | ||||||||||
PR Corp Sales Tax | 4.784 | % | 7/1/2058 | NR | 1,092 | 1,136,925 | ||||||||||
PR Corp Sales Tax | 5.00 | % | 7/1/2058 | NR | 4,974 | 5,289,998 | ||||||||||
Total | 231,911,712 | |||||||||||||||
Tobacco 3.22% | ||||||||||||||||
Buckeye Tobacco | 5.125 | % | 6/1/2024 | CCC+ | 25,755 | 25,790,027 | ||||||||||
Buckeye Tobacco | 5.75 | % | 6/1/2034 | CCC+ | 6,360 | 6,391,736 | ||||||||||
Buckeye Tobacco | 5.875 | % | 6/1/2030 | CCC+ | 19,090 | 19,191,559 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2027 | BBB | 4,000 | 4,810,440 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2028 | BBB | 1,000 | 1,196,800 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2047 | NR | 6,875 | 7,111,087 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2047 | NR | 3,100 | 3,206,454 | ||||||||||
MI Tob Settlement | 5.125 | % | 6/1/2022 | B- | 3,915 | 3,920,951 | ||||||||||
MI Tob Settlement | 5.25 | % | 6/1/2022 | B- | 5,260 | 5,267,837 | ||||||||||
MI Tob Settlement | 6.00 | % | 6/1/2034 | B- | 2,485 | 2,510,943 | ||||||||||
Nassau Co Tobacco | Zero Coupon | 6/1/2060 | NR | 35,000 | 1,058,050 | |||||||||||
Nthrn AK Tobacco | 4.625 | % | 6/1/2023 | A2 | 400 | 400,588 | ||||||||||
PA Tob Settlement | 5.00 | % | 6/1/2032 | A1 | 3,350 | 4,099,864 | ||||||||||
PA Tob Settlement | 5.00 | % | 6/1/2033 | A1 | 5,000 | 6,102,300 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Tobacco (continued) | ||||||||||||||||
Railsplitter Tobacco Settlement Auth | 5.00 | % | 6/1/2027 | A | $ | 3,325 | $ | 3,999,643 | ||||||||
RI Tob Settlement | 5.00 | % | 6/1/2027 | BBB | 2,500 | 2,873,100 | ||||||||||
RI Tob Settlement | 5.00 | % | 6/1/2028 | BBB | 2,000 | 2,292,480 | ||||||||||
SD Edu Enhancement Fding Corp | 5.00 | % | 6/1/2023 | A | 1,000 | 1,109,840 | ||||||||||
SD Edu Enhancement Fding Corp | 5.00 | % | 6/1/2024 | A | 1,000 | 1,107,160 | ||||||||||
SD Edu Enhancement Fding Corp | 5.00 | % | 6/1/2025 | A | 1,040 | 1,148,566 | ||||||||||
Suffolk Tobacco Asset Sec Corp | 5.375 | % | 6/1/2028 | NR | 12,020 | 12,019,399 | ||||||||||
Tobacco Settlement Auth WA | 5.00 | % | 6/1/2021 | A | 6,880 | 7,212,923 | ||||||||||
Tobacco Settlement Auth WA | 5.00 | % | 6/1/2023 | A | 6,250 | 6,950,438 | ||||||||||
Tobacco Settlement Fin Corp LA | 5.00 | % | 5/15/2022 | A | 5,000 | 5,401,650 | ||||||||||
Tobacco Settlement Fin Corp NJ | 5.00 | % | 6/1/2046 | BBB+ | 1,140 | 1,296,545 | ||||||||||
Tobacco Settlement Fin Corp NJ | 5.00 | % | 6/1/2046 | BB+ | 8,300 | 9,251,263 | ||||||||||
Tobacco Settlement Fin Corp NJ | 5.25 | % | 6/1/2046 | BBB+ | 5,100 | 5,918,295 | ||||||||||
TSASC | 5.00 | % | 6/1/2029 | A | 5,775 | 6,942,936 | ||||||||||
Total | 158,582,874 | |||||||||||||||
Transportation 21.63% | ||||||||||||||||
AK Intl Airports Sys | 5.00 | % | 10/1/2024 | A1 | 750 | 876,593 | ||||||||||
AK Intl Airports Sys | 5.00 | % | 10/1/2027 | A1 | 1,000 | 1,192,310 | ||||||||||
AK Intl Airports Sys | 5.00 | % | 10/1/2028 | A1 | 2,000 | 2,377,440 | ||||||||||
AL Port Auth AMT (AGM) | 5.00 | % | 10/1/2026 | AA | 1,250 | 1,497,138 | ||||||||||
AL Port Auth AMT (AGM) | 5.00 | % | 10/1/2027 | AA | 2,000 | 2,439,080 | ||||||||||
AL Port Auth AMT (AGM) | 5.00 | % | 10/1/2028 | AA | 2,000 | 2,421,600 | ||||||||||
AL Port Auth AMT (AGM) | 5.00 | % | 10/1/2029 | AA | 3,500 | 4,217,885 | ||||||||||
Alameda Corridor Trsp Auth | 5.00 | % | 10/1/2026 | A- | 4,075 | 4,639,836 | ||||||||||
Atlanta Arpt | 5.50 | % | 1/1/2021 | Aa3 | 3,000 | 3,131,730 | ||||||||||
Atlanta Arpt - PFC | 5.00 | % | 1/1/2029 | AA- | 2,500 | 2,855,825 | ||||||||||
Atlanta Arpt - PFC AMT | 4.00 | % | 7/1/2034 | AA- | 14,365 | 16,386,299 | ||||||||||
Atlanta Arpt AMT | 4.00 | % | 7/1/2039 | AA- | 2,250 | 2,519,123 | ||||||||||
Bay Area Toll Auth | 4.00 | % | 4/1/2029 | AA- | 5,800 | 6,866,794 | ||||||||||
Broward Co Arpt AMT | 5.00 | % | 10/1/2029 | A+ | 1,120 | 1,422,422 | ||||||||||
Broward Co Arpt AMT | 5.00 | % | 10/1/2035 | A+ | 2,500 | 3,099,350 | ||||||||||
Broward Co Arpt AMT | 5.00 | % | 10/1/2036 | A+ | 2,375 | 2,935,405 | ||||||||||
Broward Co Arpt AMT | 5.00 | % | 10/1/2037 | A+ | 4,000 | 4,923,680 | ||||||||||
Broward Co Arpt Sys AMT | 5.00 | % | 10/1/2033 | A+ | 6,130 | 7,125,328 | ||||||||||
CA Muni Fin Auth - LINXS APM Proj AMT | 5.00 | % | 12/31/2036 | BBB | (c) | 3,215 | 3,828,100 | |||||||||
CA Muni Fin Auth - LINXS APM Proj AMT | 5.00 | % | 12/31/2037 | BBB | (c) | 7,000 | 8,296,190 | |||||||||
CA Muni Fin Auth - LINXS APM Proj AMT | 5.00 | % | 12/31/2047 | BBB | (c) | 9,000 | 10,460,790 | |||||||||
CA Sacramento Arpt AMT | 5.00 | % | 7/1/2036 | A+ | 5,645 | 6,865,788 | ||||||||||
Central FL Expressway Auth | 4.00 | % | 7/1/2037 | A+ | 7,380 | 8,136,524 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
Central TX Mobility Auth | 5.00 | % | 1/1/2030 | A- | $ | 800 | $ | 941,032 | ||||||||
Central TX Mobility Auth | 5.00 | % | 1/1/2031 | A- | 1,675 | 1,962,196 | ||||||||||
Central TX Mobility Auth | 5.00 | % | 1/1/2032 | A- | 2,000 | 2,337,320 | ||||||||||
Central TX Mobility Auth | 5.00 | % | 1/1/2033 | BBB+ | 3,010 | 3,294,987 | ||||||||||
Central TX Mobility Auth | 5.75 | % | 1/1/2020 | A- | 1,000 | 1,000,000 | ||||||||||
Central TX Tpk | 5.00 | % | 8/15/2025 | A- | 2,250 | 2,612,925 | ||||||||||
Central TX Tpk | 5.00 | % | 8/15/2026 | A- | 2,500 | 2,896,450 | ||||||||||
Central TX Tpk | 5.00 | % | 8/15/2027 | A- | 3,300 | 3,814,041 | ||||||||||
Central TX Tpk | 5.00 | % | 8/15/2028 | A- | 3,705 | 4,271,606 | ||||||||||
Central TX Tpk | 5.00 | % | 8/15/2033 | A- | 7,650 | 8,740,584 | ||||||||||
Chicago Midway Arpt | 4.00 | % | 1/1/2034 | A | 2,175 | 2,383,322 | ||||||||||
Chicago Midway Arpt | 5.00 | % | 1/1/2026 | A | 6,075 | 6,957,515 | ||||||||||
Chicago Midway Arpt AMT | 5.00 | % | 1/1/2023 | A | 3,000 | 3,310,800 | ||||||||||
Chicago Midway Arpt AMT | 5.00 | % | 1/1/2026 | A | 4,605 | 5,225,800 | ||||||||||
Chicago Midway Arpt AMT | 5.00 | % | 1/1/2030 | A | 5,000 | 5,634,700 | ||||||||||
Chicago Midway Arpt AMT | 5.00 | % | 1/1/2031 | A | 2,000 | 2,332,860 | ||||||||||
Chicago O’Hare Arpt | 5.00 | % | 1/1/2022 | A | 3,230 | 3,354,581 | ||||||||||
Chicago O’Hare Arpt | 5.00 | % | 1/1/2031 | A | 6,500 | 7,544,420 | ||||||||||
Chicago O’Hare Arpt AMT | 5.00 | % | 1/1/2021 | A | 11,740 | 12,167,806 | ||||||||||
Chicago O’Hare Arpt AMT | 5.00 | % | 1/1/2024 | A | 5,000 | 5,353,650 | ||||||||||
Chicago O’Hare Arpt AMT | 5.00 | % | 1/1/2029 | A | 7,000 | 8,076,110 | ||||||||||
Cleveland Arpt (AGM) | 5.00 | % | 1/1/2027 | AA | 2,175 | 2,547,577 | ||||||||||
Delaware River Port Auth | 5.00 | % | 1/1/2027 | A | 1,835 | 2,008,609 | ||||||||||
Delaware River Port Auth | 5.00 | % | 1/1/2028 | A+ | 7,500 | 8,589,300 | ||||||||||
Delaware River Toll Brdg Commn | 5.00 | % | 7/1/2029 | A1 | 1,000 | 1,242,710 | ||||||||||
Delaware River Toll Brdg Commn | 5.00 | % | 7/1/2030 | A1 | 1,920 | 2,374,810 | ||||||||||
Delaware River Toll Brdg Commn | 5.00 | % | 7/1/2032 | A1 | 2,025 | 2,488,826 | ||||||||||
Denver Arpt - United Airlines AMT | 5.00 | % | 10/1/2032 | BB | 3,750 | 4,090,012 | ||||||||||
Denver City & Co Arpt AMT | 5.00 | % | 12/1/2031 | A | 15,000 | 18,460,350 | ||||||||||
Denver City & Co Arpt AMT | 5.00 | % | 12/1/2035 | A | 5,000 | 6,085,100 | ||||||||||
E - 470 Hwy Auth | 5.00 | % | 9/1/2020 | A | 900 | 922,194 | ||||||||||
GA Atlanta Arpt AMT | 4.00 | % | 7/1/2038 | AA- | 5,200 | 5,833,464 | ||||||||||
Greater Orlando Aviation AMT | 5.00 | % | 10/1/2029 | A1 | 3,000 | 3,665,670 | ||||||||||
Hampton Roads Trans Commn | 5.00 | % | 7/1/2032 | Aa2 | 1,180 | 1,471,082 | ||||||||||
Hampton Roads Trans Commn | 5.00 | % | 7/1/2033 | Aa2 | 1,000 | 1,243,480 | ||||||||||
Harris Co Toll Rd | 5.00 | % | 8/15/2029 | Aa2 | 2,500 | 3,141,225 | ||||||||||
Harris Co Toll Rd | 5.00 | % | 8/15/2030 | Aa2 | 1,000 | 1,245,870 | ||||||||||
Harris Co Toll Rd | 5.00 | % | 8/15/2031 | Aa2 | 3,000 | 3,724,230 | ||||||||||
HI Airport Sys AMT | 5.00 | % | 7/1/2031 | AA- | 1,275 | 1,572,904 | ||||||||||
HI Airport Sys AMT | 5.00 | % | 7/1/2033 | AA- | 3,300 | 4,044,909 | ||||||||||
HI Airport Sys AMT | 5.00 | % | 7/1/2034 | AA- | 2,000 | 2,445,820 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
HI Airport Sys AMT | 5.00 | % | 7/1/2036 | AA- | $ | 5,000 | $ | 6,081,300 | ||||||||
Houston Arpt - Continental Airlines AMT | 4.75 | % | 7/1/2024 | BB | 8,500 | 9,222,755 | ||||||||||
Houston Arpt - Continental Airlines AMT | 5.00 | % | 7/15/2030 | BB | 2,500 | 2,823,500 | ||||||||||
Houston Arpt AMT | 5.00 | % | 7/1/2021 | A+ | 5,000 | 5,285,200 | ||||||||||
Houston Arpt AMT | 5.00 | % | 7/1/2034 | A1 | 4,850 | 5,897,454 | ||||||||||
IL State GO | 5.00 | % | 11/1/2027 | BBB- | 17,740 | 20,547,887 | ||||||||||
IL Toll Hwy Auth | 5.00 | % | 1/1/2027 | AA- | 1,000 | 1,140,650 | ||||||||||
IL Toll Hwy Auth | 5.00 | % | 1/1/2028 | AA- | 2,535 | 2,885,185 | ||||||||||
Kansas City Dev Auth Arpt- Terminal Modernization AMT | 5.00 | % | 3/1/2038 | A | 6,205 | 7,498,494 | ||||||||||
Kansas City IDA - Kansas City Intl Airport AMT | 5.00 | % | 3/1/2038 | A | 13,500 | 16,338,915 | ||||||||||
Kansas City IDA - Kansas City Intl Airport AMT | 5.00 | % | 3/1/2039 | A | 5,000 | 6,035,550 | ||||||||||
KY Tpk Auth | 5.00 | % | 7/1/2026 | Aa3 | 5,215 | 5,715,431 | ||||||||||
Los Angeles Dept Arpts - LAX | 5.00 | % | 5/15/2027 | AA- | 2,000 | 2,398,620 | ||||||||||
Los Angeles Dept Arpts - LAX | 5.00 | % | 5/15/2032 | AA- | 5,870 | 6,934,583 | ||||||||||
Los Angeles Dept Arpts - LAX AMT | 5.00 | % | 5/15/2035 | NR | 11,410 | 14,208,645 | ||||||||||
Los Angeles Dept Arpts - LAX AMT | 5.00 | % | 5/15/2036 | NR | 10,640 | 13,209,454 | ||||||||||
Louisville Regl Airport AMT | 5.00 | % | 7/1/2022 | A+ | 1,625 | 1,772,453 | ||||||||||
Louisville Regl Airport AMT | 5.00 | % | 7/1/2023 | A+ | 2,250 | 2,528,933 | ||||||||||
MA Port Auth AMT | 5.00 | % | 7/1/2031 | AA | 7,500 | 9,469,500 | ||||||||||
MD EDC - Maryland Port | 5.125 | % | 6/1/2020 | NR | 820 | 833,628 | ||||||||||
MD EDC - Maryland Port | 5.125 | % | 6/1/2020 | NR | 310 | 315,152 | ||||||||||
MD EDC - Ports America Chesapeake AMT | 5.00 | % | 6/1/2044 | Baa3 | 125 | 148,944 | ||||||||||
Met Airpt Auth - Dulles Metrorail | 4.00 | % | 10/1/2035 | A- | 1,000 | 1,133,010 | ||||||||||
Met Airpt Auth - Dulles Metrorail | 4.00 | % | 10/1/2036 | A- | 1,500 | 1,691,430 | ||||||||||
Met Airpt Auth - Dulles Metrorail | 4.00 | % | 10/1/2037 | A- | 1,500 | 1,684,350 | ||||||||||
Met DC Arpt AMT | 5.00 | % | 10/1/2031 | AA- | 5,000 | 5,960,750 | ||||||||||
Met Nashville Arpt Auth | 5.00 | % | 7/1/2036 | A2 | 7,500 | 9,326,775 | ||||||||||
Met Nashville Arpt Auth | 5.00 | % | 7/1/2037 | A2 | 8,750 | 10,838,362 | ||||||||||
Met Nashville Arpt Auth | 5.00 | % | 7/1/2038 | A2 | 5,000 | 6,169,700 | ||||||||||
Met Nashville Arpt Auth | 5.00 | % | 7/1/2039 | A2 | 5,000 | 6,151,650 | ||||||||||
Miami Dade Co Aviation - MIA | 5.00 | % | 10/1/2025 | A | 3,690 | 4,338,850 | ||||||||||
Miami Dade Co Aviation - MIA AMT | 5.00 | % | 10/1/2021 | A | 1,500 | 1,601,310 | ||||||||||
Miami Dade Co Aviation - MIA AMT | 5.00 | % | 10/1/2022 | A | 1,550 | 1,706,674 | ||||||||||
Miami Dade Co Aviation - MIA AMT | 5.00 | % | 10/1/2027 | A | 5,145 | 5,939,028 | ||||||||||
Miami Dade Co Aviation - MIA AMT | 5.00 | % | 10/1/2028 | A | 3,500 | 4,028,045 | ||||||||||
Miami Dade Co Expwy Auth | 5.00 | % | 7/1/2022 | A | 1,750 | 1,903,388 | ||||||||||
Miami Dade Co Expwy Auth | 5.00 | % | 7/1/2023 | A | 2,000 | 2,185,100 | ||||||||||
Miami Dade Co Expwy Auth | 5.00 | % | 7/1/2023 | A | 2,500 | 2,801,725 | ||||||||||
Miami Dade Co Expwy Auth | 5.00 | % | 7/1/2024 | A | 3,500 | 3,821,195 | ||||||||||
Minneapolis / St Paul Met Arpts | 5.00 | % | 1/1/2028 | A+ | 3,500 | 4,005,470 | ||||||||||
Minneapolis / St Paul Met Arpts | 5.00 | % | 1/1/2029 | AA- | 5,000 | 6,157,750 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
Minneapolis / St Paul Met Arpts | 5.00 | % | 1/1/2030 | AA- | $ | 5,000 | $ | 6,130,950 | ||||||||
MTA NY | 5.00 | % | 11/15/2021 | A1 | 1,500 | 1,605,750 | ||||||||||
MTA NY | 5.00 | % | 11/1/2023 | A1 | 5,640 | 6,213,870 | ||||||||||
MTA NY | 5.00 | % | 11/15/2028 | A1 | 13,690 | 17,100,453 | ||||||||||
MTA NY | 5.00 | % | 11/15/2029 | A1 | 5,000 | 6,205,300 | ||||||||||
MTA NY | 5.00 | % | 11/15/2033 | A1 | 4,025 | 4,903,255 | ||||||||||
MTA NY | 5.25 | % | 11/15/2028 | A1 | 6,355 | 7,656,123 | ||||||||||
NC Tpk Auth - Triangle Exprs | 5.00 | % | 1/1/2032 | BBB | 1,000 | 1,190,200 | ||||||||||
NC Tpk Auth - Triangle Exprs (AGM) | 4.00 | % | 1/1/2037 | AA | 12,895 | 14,561,550 | ||||||||||
NC Tpk Auth - Triangle Exprs (AGM) | 4.00 | % | 1/1/2038 | AA | 9,000 | 10,119,960 | ||||||||||
NC Tpk Auth - Triangle Exprs (AGM) | 5.00 | % | 1/1/2031 | AA | 1,000 | 1,197,330 | ||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2023 | A3 | 3,000 | 3,331,350 | ||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2027 | A3 | 3,185 | 3,604,369 | ||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2030 | A3 | 365 | 451,746 | ||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2031 | A3 | 300 | 369,450 | ||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2032 | A3 | 775 | 951,460 | ||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2034 | A3 | 865 | 1,055,239 | ||||||||||
NJ EDA - Goethals Brdg AMT | 5.125 | % | 1/1/2034 | BBB | 5,000 | 5,595,350 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2029 | A+ | 5,000 | 5,795,200 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2031 | A+ | 5,000 | 5,829,500 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2031 | A+ | 5,000 | 5,962,800 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2033 | NR | 2,100 | 2,542,659 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2034 | NR | 1,500 | 1,851,960 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2028 | A+ | 6,275 | 7,378,710 | ||||||||||
NJ Trans Trust Fund CR (AGM) | 5.00 | % | 6/15/2024 | AA | 10,165 | 11,058,503 | ||||||||||
North TX Twy Auth | 5.00 | % | 1/1/2023 | A+ | 5,000 | 5,564,750 | ||||||||||
North TX Twy Auth | 5.00 | % | 1/1/2025 | A+ | 5,000 | 5,731,700 | ||||||||||
North TX Twy Auth | 5.00 | % | 1/1/2031 | A | 8,085 | 9,122,305 | ||||||||||
North TX Twy Auth | 5.00 | % | 1/1/2035 | A+ | 3,500 | 4,211,025 | ||||||||||
North TX Twy Auth | 5.00 | % | 1/1/2035 | A+ | 1,500 | 2,048,685 | ||||||||||
North TX Twy Auth | 5.00 | % | 1/1/2036 | A+ | 5,000 | 5,859,850 | ||||||||||
NV State Highway Rev | 5.00 | % | 12/1/2030 | AAA | 10,000 | 12,343,100 | ||||||||||
NY Trans Dev Corp - Delta AMT | 4.00 | % | 1/1/2036 | Baa3 | 10,010 | 10,912,602 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2031 | Baa3 | 3,500 | 4,224,360 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2033 | Baa3 | 11,000 | 13,200,880 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2034 | Baa3 | 3,450 | 4,131,858 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2036 | Baa3 | 7,400 | 8,805,852 | ||||||||||
NY Trans Dev Corp - LaGuardia Airport AMT | 4.00 | % | 7/1/2032 | Baa3 | 3,000 | 3,199,590 | ||||||||||
NY Trans Dev Corp - LaGuardia Airport AMT | 4.00 | % | 7/1/2033 | Baa3 | 3,500 | 3,727,045 | ||||||||||
NY Trans Dev Corp - LaGuardia Airport AMT | 5.00 | % | 7/1/2034 | Baa3 | 2,250 | 2,528,595 | ||||||||||
NY Trans Dev Corp - TOGA AMT | 5.00 | % | 1/1/2023 | Baa1 | 750 | 822,383 | ||||||||||
NY Twy Auth | 5.00 | % | 1/1/2024 | A1 | 1,960 | 2,257,959 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
NY Twy Auth | 5.00 | % | 1/1/2026 | A1 | $ | 5,115 | $ | 6,061,735 | ||||||||
Orlando & Orange Co Expwy Auth | 5.00 | % | 7/1/2030 | A+ | 10,000 | 11,188,800 | ||||||||||
Orlando Arpt Rev AMT | 5.00 | % | 10/1/2030 | AA- | 15,000 | 18,999,150 | ||||||||||
PA Tpk Commn | 5.00 | % | 12/1/2022 | A+ | 3,500 | 3,882,340 | ||||||||||
PA Tpk Commn | 5.00 | % | 12/1/2032 | A1 | 1,500 | 1,910,865 | ||||||||||
PA Tpk Commn | 5.00 | % | 12/1/2033 | A1 | 1,300 | 1,651,871 | ||||||||||
PA Tpk Commn | 5.00 | % | 12/1/2034 | A1 | 1,200 | 1,520,568 | ||||||||||
PA Tpk Commn | 5.00 | % | 12/1/2035 | A1 | 1,800 | 2,273,454 | ||||||||||
Phoenix Arpt | 5.00 | % | 7/1/2029 | A+ | 1,500 | 1,901,265 | ||||||||||
Phoenix Arpt | 5.00 | % | 7/1/2030 | A+ | 4,245 | 5,341,483 | ||||||||||
Phoenix Arpt | 5.00 | % | 7/1/2036 | AA- | 4,045 | 4,927,983 | ||||||||||
Phoenix Arpt AMT | 5.00 | % | 7/1/2022 | AA- | 1,500 | 1,638,045 | ||||||||||
Phoenix Civic Impt Corp AR | 5.00 | % | 7/1/2036 | A+ | 5,000 | 6,071,950 | ||||||||||
Port Auth NY & NJ | 5.00 | % | 12/1/2023 | AA- | 5,300 | 6,096,272 | ||||||||||
Port Auth NY & NJ | 5.00 | % | 12/1/2025 | AA- | 10,000 | 11,485,900 | ||||||||||
Port Auth NY & NJ | 5.00 | % | 10/15/2026 | AA- | 5,605 | 6,812,821 | ||||||||||
Port Auth NY & NJ | 5.00 | % | 10/15/2027 | AA- | 4,750 | 5,759,565 | ||||||||||
Port Auth NY & NJ - JFK IAT | 5.00 | % | 12/1/2020 | BBB+ | 2,100 | 2,168,964 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 9/15/2026 | AA- | 11,385 | 13,856,456 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 9/15/2028 | AA- | 4,000 | 4,985,520 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 11/1/2030 | AA- | 4,100 | 5,203,187 | ||||||||||
Port Oakland AMT | 5.00 | % | 5/1/2022 | A+ | 11,000 | 11,934,890 | ||||||||||
Port of Portland - Portland Intl Arpt AMT | 5.00 | % | 7/1/2037 | AA- | 2,420 | 2,976,261 | ||||||||||
Port of Portland - Portland Intl Arpt AMT | 5.00 | % | 7/1/2038 | AA- | 3,250 | 3,983,005 | ||||||||||
Port of Portland - Portland Intl Arpt AMT | 5.00 | % | 7/1/2039 | AA- | 3,330 | 4,070,026 | ||||||||||
Port Seattle AMT | 5.00 | % | 5/1/2033 | A+ | 4,045 | 4,834,341 | ||||||||||
Port Seattle AMT | 5.00 | % | 4/1/2038 | A+ | 10,000 | 12,135,700 | ||||||||||
Port Seattle AMT | 5.00 | % | 4/1/2039 | A+ | 7,225 | 8,744,851 | ||||||||||
PR Hwy & Trans Auth(b) | 5.00 | % | 7/1/2033 | C | 1,215 | 561,938 | ||||||||||
PR Hwy & Trans Auth(b) | 5.50 | % | 7/1/2023 | C | 4,305 | 1,991,063 | ||||||||||
PR Hwy & Trans Auth(b) | 5.50 | % | 7/1/2024 | C | 3,000 | 1,387,500 | ||||||||||
PR Hwy & Trans Auth (AGM) | 5.25 | % | 7/1/2032 | AA | 1,000 | 1,132,190 | ||||||||||
Sacramento Co Arpt AMT | 5.00 | % | 7/1/2027 | A+ | 5,950 | 7,365,386 | ||||||||||
Sacramento Co Arpt AMT | 5.00 | % | 7/1/2034 | A+ | 4,000 | 4,891,640 | ||||||||||
Salt Lake City Arpt AMT | 5.00 | % | 7/1/2029 | A+ | 3,000 | 3,706,110 | ||||||||||
Salt Lake City Arpt AMT | 5.00 | % | 7/1/2030 | A+ | 2,275 | 2,746,152 | ||||||||||
Salt Lake City Arpt AMT | 5.00 | % | 7/1/2031 | A+ | 3,000 | 3,608,220 | ||||||||||
Salt Lake City Arpt AMT | 5.00 | % | 7/1/2032 | A+ | 3,000 | 3,598,470 | ||||||||||
Salt Lake City Arpt AMT | 5.00 | % | 7/1/2034 | A+ | 14,645 | 17,769,950 | ||||||||||
San Diego Arpt | 4.00 | % | 7/1/2037 | A | 2,000 | 2,323,280 | ||||||||||
San Diego Arpt | 4.00 | % | 7/1/2038 | A | 2,000 | 2,314,840 | ||||||||||
San Francisco Arpt AMT | 5.00 | % | 5/1/2026 | A+ | 10,000 | 10,905,400 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
San Francisco Arpt AMT | 5.00 | % | 5/1/2028 | A+ | $ | 7,550 | $ | 8,211,682 | ||||||||
San Francisco Arpt AMT | 5.00 | % | 5/1/2037 | A+ | 15,565 | 19,143,705 | ||||||||||
San Joaquin Hills Trsp Corridor | 5.00 | % | 1/15/2034 | A- | 7,500 | 8,621,550 | ||||||||||
San Jose Arpt | 5.00 | % | 3/1/2026 | A | 1,200 | 1,393,884 | ||||||||||
San Jose Arpt | 5.00 | % | 3/1/2027 | A | 2,260 | 2,617,125 | ||||||||||
San Jose Arpt | 5.00 | % | 3/1/2028 | A | 1,655 | 1,910,681 | ||||||||||
San Jose Arpt AMT | 5.00 | % | 3/1/2035 | A | 1,500 | 1,792,965 | ||||||||||
South Carolina Ports AMT | 5.00 | % | 7/1/2032 | A+ | 4,225 | 5,250,703 | ||||||||||
South Jersey Trans Auth | 5.00 | % | 11/1/2021 | BBB+ | 5,305 | 5,639,427 | ||||||||||
Southeastern PA Transp Auth - Garvee | 5.00 | % | 6/1/2023 | AA- | 2,500 | 2,636,475 | ||||||||||
Triborough Brdg & Tunl Auth | 4.00 | % | 11/15/2040 | AA- | 10,000 | 11,483,400 | ||||||||||
Triborough Brdg & Tunl Auth | 5.00 | % | 11/15/2029 | AA- | 5,650 | 7,031,594 | ||||||||||
Triborough Brdg & Tunl Auth (NPFGC)(FGIC) | 5.50 | % | 11/15/2021 | A+ | 2,595 | 2,806,363 | ||||||||||
VA Small Bus Fing - Elizabeth River AMT | 5.25 | % | 1/1/2032 | BBB | 10,500 | 11,390,505 | ||||||||||
Wayne Co Arpt AMT | 5.00 | % | 12/1/2026 | A | 1,590 | 1,890,001 | ||||||||||
Wayne Co Arpt AMT | 5.00 | % | 12/1/2027 | A | 2,000 | 2,372,780 | ||||||||||
Total | 1,064,930,695 | |||||||||||||||
Utilities 11.41% | ||||||||||||||||
Albuquerque Bernalillo Co Wtr Util | 5.00 | % | 7/1/2024 | AA+ | 2,645 | 3,084,520 | ||||||||||
Albuquerque Bernalillo Co Wtr Util | 5.00 | % | 7/1/2025 | AA+ | 4,000 | 4,662,400 | ||||||||||
CA Dept Wtr Res Wtr - Central Valley | 5.00 | % | 12/1/2021 | NR | 45 | 48,461 | ||||||||||
CA Poll Ctl - Poseidon Res† | 5.00 | % | 7/1/2039 | Baa3 | 5,000 | 6,010,200 | ||||||||||
CA Poll Ctl - Poseidon Res AMT† | 5.00 | % | 7/1/2037 | Baa3 | 5,570 | 6,029,859 | ||||||||||
Central Plains - Goldman Sachs | 5.00 | % | 9/1/2027 | A3 | 7,500 | 8,118,675 | ||||||||||
Central Plains - Goldman Sachs | 5.00 | % | 9/1/2035 | BBB+ | 2,250 | 2,946,735 | ||||||||||
Central Plains - Goldman Sachs | 5.00 | %#(a) | 3/1/2050 | A3 | 10,000 | 11,180,900 | ||||||||||
Chicago Wastewater | 5.00 | % | 1/1/2029 | A | 4,335 | 5,120,892 | ||||||||||
Chicago Wastewater | 5.00 | % | 1/1/2030 | A | 6,500 | 7,645,170 | ||||||||||
Chicago Water | 5.00 | % | 11/1/2025 | A | 2,625 | 3,090,307 | ||||||||||
Chicago Water (AGM) | 5.00 | % | 11/1/2034 | AA | 6,275 | 7,442,526 | ||||||||||
Chicago Water (AGM) | 5.00 | % | 11/1/2035 | AA | 5,000 | 5,914,800 | ||||||||||
Chicago Water (AGM) | 5.25 | % | 11/1/2030 | AA | 5,510 | 6,728,096 | ||||||||||
Clarion Co IDA - American Wtr AMT | 2.45 | %#(a) | 12/1/2039 | A+ | 2,250 | 2,266,493 | ||||||||||
Detroit Sewer | 5.00 | % | 7/1/2034 | A | 2,200 | 2,544,432 | ||||||||||
Detroit Sewer | 5.00 | % | 7/1/2035 | A | 1,835 | 2,118,416 | ||||||||||
Farmington Poll Ctl - AZ Pub Svc | 4.70 | % | 5/1/2024 | A2 | 5,265 | 5,401,311 | ||||||||||
Guam Waterworks Auth | 5.00 | % | 7/1/2029 | A- | 1,000 | 1,118,910 | ||||||||||
Guam Waterworks Auth | 5.00 | % | 7/1/2036 | A- | 1,000 | 1,144,790 | ||||||||||
HI Dept Budget - Hawaiian Electric | 3.20 | % | 7/1/2039 | Baa2 | 11,120 | 11,309,818 | ||||||||||
HI Dept Budget - Hawaiian Electric AMT | 3.10 | % | 5/1/2026 | Baa2 | 7,000 | 7,358,750 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Utilities (continued) | ||||||||||||||||
Houston Util Sys | 5.00 | % | 5/15/2022 | AA | $ | 3,000 | $ | 3,270,210 | ||||||||
Houston Util Sys | 5.00 | % | 11/15/2023 | AA | 4,000 | 4,578,120 | ||||||||||
Houston Util Sys | 5.00 | % | 11/15/2026 | AA | 5,355 | 6,285,003 | ||||||||||
Imperial Irrigation Dist | 5.00 | % | 11/1/2032 | AA- | 2,000 | 2,419,200 | ||||||||||
IN Muni Pwr | 5.00 | % | 1/1/2033 | A+ | 5,210 | 6,346,040 | ||||||||||
IN Muni Pwr | 5.00 | % | 1/1/2034 | A+ | 4,000 | 4,855,720 | ||||||||||
KY Muni Pwr - Prairie State Proj | 3.45 | %#(a) | 9/1/2042 | Baa1 | 5,935 | 6,101,833 | ||||||||||
KY Public Energy Auth - BP | 4.00 | %#(a) | 1/1/2049 | A1 | 13,875 | 15,327,990 | ||||||||||
KY Public Energy Auth - Morgan Stanley | 4.00 | %#(a) | 4/1/2048 | A3 | 15,875 | 17,284,700 | ||||||||||
Long Beach Nat Gas - ML | 2.71 (3 Mo. LIBOR * .67 + 1.43 | % %)# | 11/15/2026 | A2 | 4,000 | 4,095,400 | ||||||||||
Long Island Power Auth | 5.00 | % | 9/1/2034 | A | 2,250 | 2,744,258 | ||||||||||
Los Angeles USD | 5.00 | % | 7/1/2023 | Aa3 | 10,000 | 11,357,100 | ||||||||||
Lower AL Gas Dist - Goldman Sachs | 5.00 | % | 9/1/2031 | A3 | 4,005 | 5,066,725 | ||||||||||
Lower Colo Riv Auth - Transmn Contract | 5.00 | % | 5/15/2034 | A | 3,190 | 3,989,956 | ||||||||||
Lower Colo Riv Auth - Transmn Contract | 5.00 | % | 5/15/2035 | A | 2,430 | 3,028,363 | ||||||||||
Lower Colo Riv Auth - Transmn Contract | 5.00 | % | 5/15/2036 | A | 5,055 | 6,270,930 | ||||||||||
Lower Colorado River Authority Transmission Services Corp | 5.00 | % | 5/15/2036 | A | 1,760 | 2,185,022 | ||||||||||
Luzerne Co IDA - American Wtr AMT | 2.45 | %#(a) | 12/1/2039 | A+ | 4,000 | 4,025,800 | ||||||||||
Main St Nat Gas - ML | 5.00 | % | 3/15/2021 | A2 | 2,500 | 2,603,925 | ||||||||||
Maricopa Cnty Poll Cntrl - El Paso Elec | 3.60 | % | 2/1/2040 | BBB | 5,085 | 5,349,522 | ||||||||||
Maricopa Cnty Poll Cntrl - El Paso Elec | 3.60 | % | 4/1/2040 | BBB | 3,000 | 3,157,110 | ||||||||||
MEAG - Gen Resolution Projs | 5.00 | % | 1/1/2020 | A2 | 6,200 | 6,200,000 | ||||||||||
MEAG - Proj 1 | 5.00 | % | 1/1/2021 | A2 | 4,185 | 4,335,367 | ||||||||||
MI Strat Fund - Detroit Edison | 1.45 | %#(a) | 8/1/2029 | Aa3 | 3,500 | 3,494,260 | ||||||||||
MI Strat Fund - Detroit Edison | 1.45 | %#(a) | 9/1/2030 | Aa3 | 1,000 | 998,360 | ||||||||||
Miami-Dade Co Wtr & Swr | 4.00 | % | 10/1/2035 | AA- | 5,000 | 5,654,050 | ||||||||||
MO Joint Muni Elec Util Commn | 5.00 | % | 1/1/2023 | A2 | 2,000 | 2,221,520 | ||||||||||
MO Joint Muni Elec Util Commn | 5.00 | % | 1/1/2025 | A2 | 1,500 | 1,716,345 | ||||||||||
Modesto Irrigation Dist | 5.00 | % | 7/1/2023 | A+ | 1,780 | 2,032,760 | ||||||||||
Modesto Irrigation Dist | 5.00 | % | 7/1/2024 | A+ | 3,720 | 4,235,852 | ||||||||||
Modesto Irrigation Dist | 5.00 | % | 7/1/2025 | A+ | 8,410 | 9,560,656 | ||||||||||
New Orleans Sewer | 5.00 | % | 6/1/2021 | A | 400 | 421,084 | ||||||||||
North Sumter Co Util Dep Dist | 5.00 | % | 10/1/2032 | A- | 8,000 | 8,613,120 | ||||||||||
Northern CA Gas - Goldman Sachs | 4.00 | %#(a) | 7/1/2049 | A3 | 7,500 | 8,205,600 | ||||||||||
Northern CA Pwr - Hydroelec #1 | 5.00 | % | 7/1/2026 | A+ | 3,600 | 3,949,992 | ||||||||||
NYC Muni Water | 4.00 | % | 6/15/2037 | AA+ | 3,630 | 4,174,754 | ||||||||||
Omaha Pub Pwr Dist | 5.00 | % | 2/1/2029 | AA | 5,000 | 6,017,300 | ||||||||||
PA Econ Dev - PPL Electric Utility Rmkt | 4.00 | % | 10/1/2023 | A1 | 5,000 | 5,107,400 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Utilities (continued) | ||||||||||||||||
Philadelphia Gas Works | 5.00 | % | 8/1/2026 | A | $ | 1,000 | $ | 1,189,030 | ||||||||
Philadelphia Gas Works | 5.00 | % | 8/1/2027 | A | 1,000 | 1,184,680 | ||||||||||
Philadelphia Gas Works | 5.00 | % | 8/1/2028 | A | 1,250 | 1,525,113 | ||||||||||
Philadelphia Gas Works | 5.00 | % | 8/1/2029 | A | 1,700 | 2,067,285 | ||||||||||
Philadelphia Gas Works | 5.00 | % | 8/1/2030 | A | 1,425 | 1,725,789 | ||||||||||
Philadelphia Water & Wastewater | 5.00 | % | 11/1/2029 | A+ | 3,185 | 3,957,394 | ||||||||||
Phoenix Civic Impt Corp - Water Sys | 5.00 | % | 7/1/2027 | AAA | 5,010 | 5,824,576 | ||||||||||
Piedmont Muni Pwr Agy | 5.00 | % | 1/1/2022 | A- | 4,750 | 4,924,515 | ||||||||||
Piedmont Muni Pwr Agy | 5.00 | % | 1/1/2024 | A- | 7,920 | 8,205,437 | ||||||||||
Pima Co IDA - Tucson Elec | 4.95 | % | 10/1/2020 | A- | 10,640 | 10,913,661 | ||||||||||
PR Aqueduct & Swr Auth | 5.00 | % | 7/1/2022 | Ca | 4,690 | 4,931,535 | ||||||||||
PR Aqueduct & Swr Auth | 5.25 | % | 7/1/2042 | Ca | 3,625 | 3,779,969 | ||||||||||
PR Elec Pwr Auth(b) | 5.00 | % | 7/1/2037 | D | (c) | 1,035 | 786,600 | |||||||||
PR Elec Pwr Auth(b) | 5.00 | % | 7/1/2042 | D | (c) | 2,390 | 1,816,400 | |||||||||
PR Elec Pwr Auth(b) | 5.50 | % | 7/1/2038 | D | (c) | 2,350 | 1,797,750 | |||||||||
PR Elec Pwr Auth(b) | 7.00 | % | 7/1/2033 | D | (c) | 4,000 | 3,140,000 | |||||||||
PR Elec Pwr Auth(b) | 7.00 | % | 7/1/2040 | D | (c) | 725 | 569,125 | |||||||||
PR Elec Pwr Auth (AGM) | 1.926 (3 Mo. LIBOR * .67 + .52 | % %)# | 7/1/2029 | AA | 5,720 | 5,662,800 | ||||||||||
Riverside Elec | 5.00 | % | 10/1/2037 | AA- | 4,000 | 5,059,760 | ||||||||||
Riverside Elec | 5.00 | % | 10/1/2038 | AA- | 5,000 | 6,295,650 | ||||||||||
SA Energy Acquisition Pub Fac - Goldman Sachs | 5.50 | % | 8/1/2021 | A3 | 2,360 | 2,504,668 | ||||||||||
Salt Verde Fin Corp - Citi | 5.00 | % | 12/1/2037 | A3 | 7,165 | 9,583,546 | ||||||||||
Salt Verde Fin Corp - Citi | 5.25 | % | 12/1/2026 | A3 | 7,500 | 9,104,850 | ||||||||||
Salt Verde Fin Corp - Citi | 5.50 | % | 12/1/2029 | A3 | 5,100 | 6,598,431 | ||||||||||
San Antonio Elec & Gas | 5.00 | % | 2/1/2029 | Aa1 | 7,340 | 8,945,258 | ||||||||||
San Antonio Elec & Gas | 5.00 | % | 2/1/2030 | Aa1 | 10,000 | 12,122,600 | ||||||||||
SE AL Gas Dist - Goldman Sachs | 4.00 | %#(a) | 4/1/2049 | A3 | 14,250 | 15,464,242 | ||||||||||
Seminole Co Wtr & Swr | 5.00 | % | 10/1/2024 | AA+ | 4,000 | 4,703,360 | ||||||||||
Stockton PFA - Wastewater (BAM) | 5.00 | % | 9/1/2024 | AA | 1,000 | 1,173,930 | ||||||||||
TEAC - Goldman Sachs | 5.25 | % | 9/1/2021 | A3 | 3,000 | 3,181,710 | ||||||||||
TEAC - Goldman Sachs | 5.25 | % | 9/1/2024 | A3 | 8,940 | 10,314,614 | ||||||||||
Texas Water Dev Brd | 3.00 | % | 10/15/2033 | AAA | 4,000 | 4,242,160 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2024 | A3 | 23,000 | 25,382,340 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2028 | A3 | 2,000 | 2,191,080 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2029 | A3 | 2,225 | 2,432,726 | ||||||||||
TX Muni Gas Acq & Supply - ML | 5.25 | % | 12/15/2021 | A2 | 4,710 | 5,049,874 | ||||||||||
TX Muni Gas Acq & Supply - ML | 5.25 | % | 12/15/2023 | A2 | 2,925 | 3,335,875 | ||||||||||
TX Muni Gas Acq & Supply - ML | 6.25 | % | 12/15/2026 | A2 | 22,660 | 26,678,978 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||||||
Utilities (continued) | ||||||||||||||||||||
Utility Debt Sec Auth - Lipa | 5.00 | % | 6/15/2028 | AAA | $ | 5,915 | $ | 7,255,635 | ||||||||||||
Western MN Muni Pwr Agy | 5.00 | % | 1/1/2023 | Aa3 | 1,500 | 1,670,835 | ||||||||||||||
WV EDA - Morgantown Energy AMT | 2.875 | % | 12/15/2026 | Baa3 | 2,870 | 2,910,610 | ||||||||||||||
WV EDA - Wheeling Pwr AMT | 3.00 | %#(a) | 6/1/2037 | A- | 9,400 | 9,696,946 | ||||||||||||||
Wyandotte CO Unified Govt Utility Sys | 5.00 | % | 9/1/2021 | A | 3,105 | 3,297,914 | ||||||||||||||
Total | 561,767,059 | |||||||||||||||||||
Total Municipal Bonds (cost $4,593,686,510) | 4,848,903,498 | |||||||||||||||||||
Interest Rate# | Interest Rate Reset Date(i) | Final Maturity Date | ||||||||||||||||||
SHORT-TERM INVESTMENTS 0.56% | ||||||||||||||||||||
Variable Rate Demand Notes 0.56% | ||||||||||||||||||||
Health Care 0.01% | ||||||||||||||||||||
Methodist Le Boneheur (AGM) | 1.60 | % | 12/31/2019 | 6/1/2042 | AA | 735 | 735,000 | |||||||||||||
Housing 0.03% | ||||||||||||||||||||
IN Hsg & Cmnty Dev - SF Mtge Rev (GNMA) | 1.75 | % | 12/31/2019 | 7/1/2047 | Aaa | 1,525 | 1,525,000 | |||||||||||||
Special Tax 0.45% | ||||||||||||||||||||
NYC TFA - Future Tax | 1.67 | % | 12/31/2019 | 8/1/2042 | AAA | 22,000 | 22,000,000 | |||||||||||||
Tax Revenue 0.07% | ||||||||||||||||||||
NYC TFA - Future Tax | 1.70 | % | 1/1/2020 | 11/1/2022 | AAA | 3,435 | 3,435,000 | |||||||||||||
Total Variable Rate Demand Notes (cost $27,695,000) | 27,695,000 | |||||||||||||||||||
Total Short-Term Investments (cost $27,695,000) | 27,695,000 | |||||||||||||||||||
Total Investments in Municipal Bonds 99.05% (cost $4,621,381,510) | 4,876,598,498 | |||||||||||||||||||
Cash and Other Assets in Excess of Liabilities 0.95% | 46,929,291 | |||||||||||||||||||
Net Assets 100.00% | $ | 4,923,527,789 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
AGC | Insured by - Assured Guarantee Corp. |
AGM | Insured by - Assured Guaranty Municipal Corporation. |
AMBAC | Insured by - AMBAC Assurance Corporation. |
AMT | Income from the security may be subject to Alternative Minimum Tax. |
BAM | Insured by - Build America Mutual. |
COP | Certificates of Participation. |
CPI | Consumer Price Index: Rate fluctuate based on CPI. |
FGIC | Insured by - Financial Guaranty Insurance Company. |
GNMA | Government National Mortgage Association. |
GTD | Guaranteed. |
LIBOR | London Interbank Offered Rate. |
MUNIPSA | SIFMA Municipal Swap Index Yield. |
NPFGC | Insured by - National Public Finance Guarantee Corporation. |
SIFMA | Insured by - Securities Industry and Financial Markets Association. |
TCRS | Transferable Custodial Receipt. |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At December 31, 2019, the total value of Rule 144A securities was $163,747,052, which represents 3.33% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at December 31, 2019. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed until designated future date. |
(b) | Defaulted (non-income producing security). |
(c) | This investment has been rated by Fitch IBCA. |
(d) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments. |
(e) | Securities purchased on a when-issued basis. |
(f) | Stub Rights issued in connection with a plan of reorganization. |
(g) | Security is perpetual in nature and has no stated maturity. |
(h) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security fair valued by the Pricing Committee. |
(i) | The interest rate reset date shown represents the date in which the Fund has the right to sell a Variable Rate Demand Note (“VRDN”) back to the issuer for Principal Amount. The interest rate on the VRDN is generally reset daily based on the SIFMA Municipal Swap Index. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND December 31, 2019
The following is a summary of the inputs used as of December 31, 2019 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments | ||||||||||||||||
Municipal Bonds | ||||||||||||||||
Corporate-Backed | $ | — | $ | 398,203,931 | $ | 2,842,000 | $ | 401,045,931 | ||||||||
Lease Obligations | — | 301,218,208 | 247,520 | 301,465,728 | ||||||||||||
Other Revenue | — | 183,892,152 | 40 | 183,892,192 | ||||||||||||
Special Tax | — | 97,432,135 | 550,000 | 97,982,135 | ||||||||||||
Remaining Industries | — | 3,864,517,512 | — | 3,864,517,512 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Variable Rate Demand Notes | — | 27,695,000 | — | 27,695,000 | ||||||||||||
Total | $ | — | $ | 4,872,958,938 | $ | 3,639,560 | $ | 4,876,598,498 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. Each level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
The following is a reconciliation of investments with unobservable inputs (Level 3) that were used in determining fair value:
Investment Type | Municipal Bonds | |||
Balance as of October 1, 2019 | $ | 3,639,560 | ||
Accrued Discounts (Premiums) | — | |||
Realized Gain (Loss) | — | |||
Change in Unrealized Appreciation (Depreciation) | — | |||
Purchases | — | |||
Sales | — | |||
Transfers into Level 3 | — | |||
Transfers out of Level 3 | — | |||
Balance as of December 31, 2019 | $ | 3,639,560 | ||
Change in unrealized appreciation/depreciation for the period ended December 31, 2019, related to Level 3 investments held at December 31, 2019 | $ | — |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
MUNICIPAL BONDS 99.14% | ||||||||||||||||
Corporate-Backed 5.77% | ||||||||||||||||
Allegheny Co IDA - US Steel | 4.875 | % | 11/1/2024 | B | $ | 1,000 | $ | 1,044,710 | ||||||||
AZ IDA | 3.625 | % | 5/20/2033 | BBB | 8,726 | 9,859,241 | ||||||||||
Brooklyn Arena LDC - Barclays Ctr | Zero Coupon | 7/15/2035 | Ba1 | 740 | 439,079 | |||||||||||
CA Fin Auth - United Airlines AMT | 4.00 | % | 7/15/2029 | BB | 3,535 | 4,021,098 | ||||||||||
CA Poll Ctl - Poseidon Res AMT† | 5.00 | % | 11/21/2045 | Baa3 | 8,750 | 9,432,237 | ||||||||||
CA Poll Ctl - Waste Mgmt AMT | 4.30 | % | 7/1/2040 | A- | 2,575 | 2,895,021 | ||||||||||
Chandler AZ IDA - Intel Corp AMT | 2.70 | %#(a) | 12/1/2037 | A+ | 4,000 | 4,161,160 | ||||||||||
Columbus Co Ind Facs - Intl Paper | 5.70 | % | 5/1/2034 | BBB | 2,165 | 2,195,267 | ||||||||||
Gloucester Co Poll Ctl - Logan AMT | 5.00 | % | 12/1/2024 | BBB- | 925 | 1,003,588 | ||||||||||
Hoover IDA - US Steel AMT | 5.75 | % | 10/1/2049 | B | 5,100 | 5,598,066 | ||||||||||
Houston Arpt - United Airlines AMT | 5.00 | % | 7/15/2028 | BB | 2,400 | 2,871,096 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co | 3.125 | % | 12/1/2022 | B+ | 2,250 | 2,283,345 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co | 5.25 | % | 12/1/2025 | B+ | 3,000 | 3,320,850 | ||||||||||
IL State GO | 5.00 | % | 12/1/2036 | Baa3 | 6,700 | 7,606,443 | ||||||||||
LA Env Facs - Westlake Chem | 3.50 | % | 11/1/2032 | BBB | 19,420 | 20,531,989 | ||||||||||
LA Env Facs - Westlake Chem | 6.50 | % | 11/1/2035 | BBB | 500 | 519,670 | ||||||||||
Love Field Arpt - Southwest Airlines AMT | 5.00 | % | 11/1/2028 | A3 | 2,775 | 3,006,796 | ||||||||||
Matagorda Co Nav Dist - AEP TX Central | 2.60 | % | 11/1/2029 | A- | 2,100 | 2,183,202 | ||||||||||
MD EDC - AFCO AMT | 4.00 | % | 7/1/2039 | BBB | 4,625 | 5,096,195 | ||||||||||
MD EDC - Chesapeake Bay Hyatt(b) | 5.00 | % | 12/1/2016 | NR | 855 | 551,475 | ||||||||||
Mission Econ Dev Corp - Natgasoline AMT† | 4.625 | % | 10/1/2031 | BB- | 3,750 | 4,055,062 | ||||||||||
National Fin Auth NH - Covanta† | 4.625 | % | 11/1/2042 | B1 | 1,500 | 1,577,235 | ||||||||||
NH National Fin Auth - Covanta AMT† | 4.875 | % | 11/1/2042 | B1 | 5,000 | 5,298,600 | ||||||||||
Niagara Area Dev Corp - Covanta AMT† | 4.75 | % | 11/1/2042 | B1 | 5,000 | 5,278,000 | ||||||||||
NY Energy RDA - NYSEGC | 3.50 | % | 10/1/2029 | A- | 800 | 914,552 | ||||||||||
NY Liberty Dev Corp - 3 WTC† | 5.00 | % | 11/15/2044 | NR | 500 | 553,060 | ||||||||||
NY Liberty Dev Corp - BofA Tower | 2.80 | % | 9/15/2069 | Baa2 | 11,000 | 11,091,960 | ||||||||||
NYC Cap Res - Arthur Mgmt | 7.00 | % | 8/1/2025 | NR | 5,765 | 5,961,990 | ||||||||||
NYC IDA - TRIPS AMT | 5.00 | % | 7/1/2028 | BBB+ | 5,980 | 6,418,155 | ||||||||||
OH Air Dev Auth - OVEC | 3.25 | % | 9/1/2029 | BB+ | 3,450 | 3,566,230 | ||||||||||
OH Air Quality - AMG Vanadium AMT† | 5.00 | % | 7/1/2049 | B | 3,630 | 4,011,041 | ||||||||||
OH Air Quality - Pratt Paper AMT† | 4.50 | % | 1/15/2048 | NR | 2,000 | 2,162,260 | ||||||||||
PA Dev Fin Auth - Covanta AMT† | 3.25 | % | 8/1/2039 | B | 5,535 | 5,541,919 | ||||||||||
PA Econ Dev - US Airways | 7.50 | % | 5/1/2020 | BB- | 1,500 | 1,526,340 | ||||||||||
PA Econ Dev - US Airways | 8.00 | % | 5/1/2029 | BB- | 1,475 | 1,504,515 | ||||||||||
Phenix City IDB - Meadwestvaco | 3.625 | % | 5/15/2030 | BBB | 3,050 | 3,093,493 | ||||||||||
Richland Co Env Impt - Intl Paper AMT | 3.875 | % | 4/1/2023 | BBB | 6,625 | 7,065,099 | ||||||||||
Salem Co Poll Ctl - Chambers AMT | 5.00 | % | 12/1/2023 | BBB | 4,690 | 5,035,418 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Corporate-Backed (continued) | ||||||||||||||||
Tuscaloosa IDA - Hunt Refining† | 4.50 | % | 5/1/2032 | NR | $ | 4,500 | $ | 4,945,500 | ||||||||
Tuscaloosa IDA - Hunt Refining† | 5.25 | % | 5/1/2044 | NR | 3,300 | 3,798,597 | ||||||||||
VA Small Bus Fing - Covanta AMT† | 5.00 | %#(a) | 1/1/2048 | B | 910 | 965,601 | ||||||||||
Valparaiso Facs - Pratt Paper AMT | 7.00 | % | 1/1/2044 | NR | 2,000 | 2,324,840 | ||||||||||
Warren Co - Intl Paper | 5.80 | % | 5/1/2034 | BBB | 100 | 101,430 | ||||||||||
West Pace Coop Dist(b) | 9.125 | % | 5/1/2039 | NR | 4,900 | 2,842,000 | (c) | |||||||||
WI PFA - American Dream† | 5.00 | % | 12/1/2027 | NR | 5,000 | 5,635,650 | ||||||||||
WI PFA - Celanese AMT | 4.30 | % | 11/1/2030 | BBB | 1,000 | 1,090,640 | ||||||||||
WI Pub Fin Auth - Celanese | 4.05 | % | 11/1/2030 | BBB | 500 | 538,100 | ||||||||||
Total | 185,517,815 | |||||||||||||||
Education 4.36% | ||||||||||||||||
AZ IDA - Equitable School Fund | 4.00 | % | 11/1/2049 | A | 1,345 | 1,467,126 | ||||||||||
Build NYC Res Corp - CUNY | 5.00 | % | 6/1/2034 | Aa2 | 325 | 372,089 | ||||||||||
Build NYC Res Corp - NY Law | 4.00 | % | 7/1/2045 | BBB- | 2,445 | 2,535,294 | ||||||||||
CA Ed Facs - Stanford Univ | 5.00 | % | 5/1/2045 | AAA | 5,505 | 8,233,939 | ||||||||||
CA Sch Fin Auth - Green Dot Schs† | 5.00 | % | 8/1/2045 | NR | 1,500 | 1,667,865 | ||||||||||
Cap Trust Ed Facs - Advantage Charter Scho | 5.00 | % | 12/15/2049 | Baa3 | 1,000 | 1,079,840 | ||||||||||
Cap Trust Ed Facs - Advantage Charter Scho | 5.00 | % | 12/15/2054 | Baa3 | 700 | 751,716 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2044 | BB- | 1,750 | 1,959,265 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2046 | BB- | 3,500 | 3,909,430 | ||||||||||
CT Ed Facs - Univ of Hartford | 4.00 | % | 7/1/2044 | BBB- | 3,605 | 3,856,413 | ||||||||||
CT Ed Facs - Univ of Hartford | 4.00 | % | 7/1/2049 | BBB- | 3,250 | 3,462,582 | ||||||||||
Davie Edu Facs - Nova Southeastern Univ | 6.00 | % | 4/1/2042 | A- | 3,040 | 3,405,925 | ||||||||||
Detroit Sch Dist | 5.00 | % | 5/1/2029 | Aa1 | 4,000 | 4,308,080 | ||||||||||
Dutchess Co LDC - Anderson Ctr | 6.00 | % | 10/1/2030 | BB+ | 870 | 892,020 | ||||||||||
FL HI Ed - Nova Southeastern Univ | 5.00 | % | 4/1/2033 | A- | 1,475 | 1,701,766 | ||||||||||
FL HI Ed - Nova Southeastern Univ | 5.00 | % | 4/1/2036 | A- | 2,000 | 2,289,080 | ||||||||||
FL HI Ed - Nova Southeastern Univ | 6.375 | % | 4/1/2031 | A- | 475 | 500,394 | ||||||||||
FL Hi Ed - Saint Leo Univ | 5.00 | % | 3/1/2049 | BBB- | 1,640 | 1,833,799 | ||||||||||
Fulton Co Dev - Tuff/Atlanta Hsg | 5.00 | % | 9/1/2032 | A+ | 775 | 819,043 | ||||||||||
Hempstead Town LDC - Adelphi Univ | 5.00 | % | 10/1/2034 | A- | 175 | 200,375 | ||||||||||
Hlth & Ed Facs of Nashville Co-Lipscomb U | 5.25 | % | 10/1/2058 | BBB | 4,000 | 4,792,960 | ||||||||||
IL Fin Auth - IL Inst of Tech | 4.00 | % | 9/1/2037 | Baa3 | 3,000 | 3,200,190 | ||||||||||
IL Fin Auth - IL Inst of Tech | 4.00 | % | 9/1/2039 | Baa3 | 2,295 | 2,435,110 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 4/1/2020 | Baa3 | 2,000 | 2,003,860 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 4/1/2021 | Baa3 | 500 | 500,965 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 4/1/2031 | Baa3 | 2,250 | 2,254,342 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2040 | Baa3 | 1,770 | 2,066,121 | ||||||||||
IL Fin Auth - Univ Chicago | 4.00 | % | 10/1/2049 | Aa2 | 6,000 | 6,280,740 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Education (continued) | ||||||||||||||||
MA DFA - Suffolk Univ | 5.00 | % | 7/1/2032 | Baa2 | $ | 2,500 | $ | 2,970,125 | ||||||||
MA DFA - Suffolk Univ | 5.00 | % | 7/1/2033 | Baa2 | 1,250 | 1,479,575 | ||||||||||
MA DFA - Suffolk Univ | 5.00 | % | 7/1/2034 | Baa2 | 1,000 | 1,181,220 | ||||||||||
Miami Dade Cnty Ed Facs - Univ of Miami FL | 5.00 | % | 4/1/2053 | A- | 5,000 | 5,895,500 | ||||||||||
NY Dorm - Mt Sinai Sch Med | 5.00 | % | 7/1/2040 | A- | 5,000 | 5,710,600 | ||||||||||
NY Dorm - NYU | 5.00 | % | 7/1/2030 | Aa2 | 2,155 | 2,434,762 | ||||||||||
NY Dorm - NYU | 5.00 | % | 7/1/2031 | Aa2 | 4,215 | 4,771,422 | ||||||||||
NY Dorm - Pace Univ | 5.00 | % | 5/1/2029 | NR | 10 | 11,306 | ||||||||||
NY Dorm - Pace Univ | 5.00 | % | 5/1/2029 | BBB- | 245 | 267,844 | ||||||||||
NY Dorm - SUNY | 5.00 | % | 7/1/2035 | Aa2 | 2,100 | 2,227,848 | ||||||||||
NY Dorm - Touro Clg | 5.00 | % | 1/1/2047 | BBB- | (d) | 6,500 | 7,284,940 | |||||||||
NY Dorm - Touro Clg | 5.50 | % | 1/1/2039 | BBB- | (d) | 2,450 | 2,701,958 | |||||||||
NYC IDA - Yankee Stadium (AGC) | Zero Coupon | 3/1/2030 | AA | 8,000 | 6,287,440 | |||||||||||
PA Hi Ed - St Josephs Univ | 5.00 | % | 11/1/2030 | A- | 905 | 929,580 | ||||||||||
Univ of CT | 5.25 | % | 11/15/2047 | Aa3 | 8,000 | 9,750,240 | ||||||||||
Univ of Illinois (AGM) | 4.00 | % | 4/1/2038 | AA | 4,965 | 5,466,564 | ||||||||||
Univ of North Carolina - Wilmington | 5.00 | % | 6/1/2037 | A1 | 7,055 | 8,151,911 | ||||||||||
WI PFA - Wingate Univ | 5.25 | % | 10/1/2038 | BBB | 2,220 | 2,591,162 | ||||||||||
WI PFA - Wingate Univ | 5.25 | % | 10/1/2043 | BBB | 1,000 | 1,153,780 | ||||||||||
Total | 140,048,106 | |||||||||||||||
Financial Services 0.46% | ||||||||||||||||
Berks Co IDA - Tower Hlth | 5.00 | % | 11/1/2047 | BBB+ | 5,850 | 6,658,470 | ||||||||||
MA Ed Fin Auth AMT | 4.125 | % | 7/1/2046 | BBB | 5,000 | 5,338,250 | ||||||||||
NJ Higher Ed Assistance Auth AMT | 3.75 | % | 12/1/2031 | Aaa | 2,500 | 2,727,325 | ||||||||||
Total | 14,724,045 | |||||||||||||||
General Obligation 14.19% | ||||||||||||||||
Atlantic City Brd Ed (AGM) | 6.00 | % | 4/1/2034 | AA | 550 | 580,806 | ||||||||||
Beaverton Sch Dist | 5.00 | %#(a) | 6/15/2036 | AA+ | 8,000 | 9,774,960 | ||||||||||
Bellwood GO | 6.15 | % | 12/1/2032 | A | 2,765 | 3,106,477 | ||||||||||
CA State GO | 4.00 | % | 9/1/2037 | Aa2 | 5,000 | 5,626,800 | ||||||||||
CA State GO | 5.00 | % | 4/1/2032 | Aa2 | 2,450 | 3,338,002 | ||||||||||
CA State GO | 5.00 | % | 2/1/2033 | Aa2 | 10,000 | 10,798,500 | ||||||||||
CA State GO | 5.00 | % | 8/1/2038 | Aa2 | 3,700 | 4,441,406 | ||||||||||
CA State GO | 5.25 | % | 8/1/2032 | Aa2 | 7,500 | 9,098,475 | ||||||||||
CA State GO | 5.375 | % | 11/1/2035 | Aa2 | 400 | 414,148 | ||||||||||
CA State GO | 5.50 | % | 3/1/2040 | Aa2 | 10,225 | 10,296,882 | ||||||||||
CA State GO | 5.60 | % | 3/1/2036 | Aa2 | 7,330 | 7,383,142 | ||||||||||
Carlsbad USD | 3.125 | % | 8/1/2048 | Aa1 | 2,000 | 2,033,360 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2029 | BB- | $ | 2,000 | $ | 2,351,420 | ||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2030 | BB- | 2,070 | 2,420,617 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2031 | BB- | 1,000 | 1,165,890 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2032 | BB- | 1,250 | 1,468,600 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2033 | BB- | 1,750 | 2,050,965 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2042 | BB- | 575 | 607,821 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2046 | BB- | 1,500 | 1,694,460 | ||||||||||
Chicago Brd Ed | 6.50 | % | 12/1/2046 | BB- | 1,100 | 1,325,170 | ||||||||||
Chicago Brd Ed† | 7.00 | % | 12/1/2046 | BB- | 1,200 | 1,528,164 | ||||||||||
Chicago Brd Ed (AGM) | 5.00 | % | 12/1/2027 | AA | 1,850 | 2,223,497 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2026 | BBB+ | 5,175 | 5,900,535 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2033 | BBB+ | 2,340 | 2,451,992 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2034 | BBB+ | 4,150 | 4,346,046 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2034 | BBB+ | 5,500 | 5,966,840 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2040 | BBB+ | 5,000 | 5,116,200 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2034 | BBB+ | 2,400 | 2,720,424 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2035 | BBB+ | 230 | 260,330 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2037 | BBB+ | 2,745 | 3,096,717 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2042 | BBB+ | 250 | 279,800 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2042 | BBB+ | 5,000 | 5,596,000 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2049 | BBB+ | 10,625 | 12,538,244 | ||||||||||
Chicago GO | 5.625 | % | 1/1/2030 | BBB+ | 525 | 627,317 | ||||||||||
Chicago GO | 6.00 | % | 1/1/2038 | BBB+ | 19,330 | 23,231,374 | ||||||||||
Chicago O’Hare Arpt AMT | 5.00 | % | 1/1/2052 | A | 9,375 | 10,765,406 | ||||||||||
Cook Co GO | 5.00 | % | 11/15/2030 | AA- | 1,000 | 1,174,600 | ||||||||||
Cook Co GO | 5.00 | % | 11/15/2031 | AA- | 2,150 | 2,514,425 | ||||||||||
Cook Co GO | 5.00 | % | 11/15/2034 | AA- | 500 | 579,785 | ||||||||||
Cook Co GO | 5.00 | % | 11/15/2035 | AA- | 1,000 | 1,156,360 | ||||||||||
Cook Co GO | 5.25 | % | 11/15/2024 | AA- | 1,500 | 1,599,705 | ||||||||||
Cook Co GO TCRS (BAM) | 5.00 | % | 11/15/2024 | AA | 10,000 | 10,992,800 | ||||||||||
CT State GO(e) | 3.00 | % | 1/15/2039 | A1 | 15,000 | 15,121,500 | ||||||||||
CT State GO | 4.00 | % | 6/15/2037 | A1 | 975 | 1,092,088 | ||||||||||
CT State GO(f) | 5.00 | % | 11/1/2027 | A1 | 10,000 | 10,632,400 | ||||||||||
CT State GO(f) | 5.00 | % | 11/1/2028 | A1 | 10,000 | 10,619,400 | ||||||||||
CT State GO | 5.00 | % | 6/15/2032 | A1 | 1,250 | 1,539,500 | ||||||||||
CT State GO | 5.00 | % | 6/15/2033 | A1 | 1,250 | 1,534,200 | ||||||||||
CT State GO | 5.00 | % | 4/15/2036 | A1 | 1,150 | 1,419,273 | ||||||||||
CT State GO | 5.00 | % | 6/15/2038 | A1 | 1,000 | 1,209,170 | ||||||||||
CT State GO | 5.00 | % | 4/15/2039 | A1 | 1,650 | 2,015,046 | ||||||||||
Delaware Co IDA - Covanta | 5.00 | % | 7/1/2043 | BB- | 500 | 506,625 | ||||||||||
Essex Co Impt Auth - Covanta AMT† | 5.25 | % | 7/1/2045 | BB- | 4,000 | 4,070,200 | ||||||||||
Hamilton Co Sch Dist GO | 4.00 | % | 1/15/2055 | Aa2 | 7,000 | 7,604,450 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
Hillsborough Co | 3.25 | % | 8/1/2048 | AAA | $ | 7,690 | $ | 7,950,153 | ||||||||
Howard Co MD | 3.00 | % | 8/15/2039 | AAA | 1,915 | 1,984,802 | ||||||||||
Howard Co MD | 3.00 | % | 8/15/2040 | AAA | 1,560 | 1,612,603 | ||||||||||
IL State GO | 4.00 | % | 6/1/2034 | BBB- | 3,345 | 3,517,602 | ||||||||||
IL State GO | 5.00 | % | 6/1/2027 | BBB- | 2,000 | 2,287,900 | ||||||||||
IL State GO | 5.00 | % | 11/1/2028 | BBB- | 10,795 | 12,438,323 | ||||||||||
IL State GO | 5.00 | % | 3/1/2030 | BBB- | 6,500 | 6,838,910 | ||||||||||
IL State GO | 5.00 | % | 1/1/2033 | BBB- | 4,075 | 4,259,720 | ||||||||||
IL State GO | 5.00 | % | 1/1/2035 | BBB- | 6,200 | 6,891,486 | ||||||||||
IL State GO | 5.00 | % | 5/1/2038 | BBB- | 4,515 | 5,100,731 | ||||||||||
IL State GO | 5.00 | % | 1/1/2041 | BBB- | 3,580 | 3,930,124 | ||||||||||
IL State GO | 5.50 | % | 7/1/2033 | BBB- | 9,470 | 10,379,593 | ||||||||||
IL State GO | 5.50 | % | 7/1/2038 | BBB- | 5,345 | 5,850,690 | ||||||||||
IL State GO | 6.00 | % | 5/1/2026 | BBB- | 1,000 | 1,203,180 | ||||||||||
Irvine USD - Spl Tax (BAM) | 5.00 | % | 9/1/2056 | AA | 500 | 597,855 | ||||||||||
Kendall Kane & WIll Co CUSD #308 | 5.00 | % | 2/1/2029 | A2 | 1,000 | 1,034,790 | ||||||||||
King Co Pub Hsp - Snoqualmie Vly Hsp | 5.00 | % | 12/1/2038 | NR | 5,000 | 5,279,050 | ||||||||||
Luzerne Co GO (AGM) | 5.00 | % | 11/15/2029 | AA | 4,215 | 4,933,615 | ||||||||||
MA State GO | 3.00 | % | 4/1/2041 | Aa1 | 7,000 | 7,107,660 | ||||||||||
MA State GO | 4.00 | % | 5/1/2048 | Aa1 | 1,000 | 1,106,530 | ||||||||||
MI Strategic Fund - I-75 AMT (AGM) | 4.25 | % | 12/31/2038 | AA | 2,500 | 2,777,075 | ||||||||||
Middletown CSD | 5.25 | % | 12/1/2040 | AA | 2,500 | 2,797,175 | ||||||||||
Midlothian Water Dist (AGM) | Zero Coupon | 9/1/2022 | AA | 2,000 | 1,884,820 | |||||||||||
NJ Trans Trust Fund | Zero Coupon | 12/15/2029 | BBB+ | 8,055 | 6,102,549 | |||||||||||
NJ Trans Trust Fund (NPFGC)(FGIC) | Zero Coupon | 12/15/2030 | BBB+ | 6,910 | 5,105,384 | |||||||||||
NYC GO | 5.00 | % | 8/1/2027 | Aa1 | 6,575 | 7,428,106 | ||||||||||
NYS Mtg | 2.95 | % | 10/1/2049 | Aa1 | 10,000 | 9,845,700 | ||||||||||
PA State GO | 4.00 | % | 9/15/2030 | Aa3 | 10,000 | 11,291,600 | ||||||||||
PA State GO | 4.00 | % | 3/1/2037 | Aa3 | 4,255 | 4,762,239 | ||||||||||
Perris UHSD (AGM) | 3.00 | % | 9/1/2044 | AA | 2,750 | 2,789,683 | ||||||||||
Philadelphia GO | 5.00 | % | 8/1/2036 | A | 8,990 | 10,787,640 | ||||||||||
Philadelphia GO | 5.00 | % | 8/1/2037 | A | 3,250 | 3,887,715 | ||||||||||
Philadelphia GO | 5.25 | % | 7/15/2031 | A | 2,000 | 2,259,980 | ||||||||||
Philadelphia GO | 5.25 | % | 7/15/2032 | A | 3,000 | 3,387,150 | ||||||||||
Philadelphia GO | 5.25 | % | 7/15/2033 | A | 1,000 | 1,127,500 | ||||||||||
Philadelphia Sch Dist | 4.00 | % | 9/1/2038 | A2 | 2,200 | 2,443,056 | ||||||||||
Philadelphia Sch Dist | 4.00 | % | 9/1/2039 | A2 | 5,600 | 6,206,312 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2037 | A2 | 1,200 | 1,396,476 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2038 | A2 | 1,000 | 1,160,930 | ||||||||||
Pittsburgh GO (BAM) | 5.00 | % | 9/1/2029 | AA | 1,100 | 1,270,621 | ||||||||||
Pittsburgh GO (BAM) | 5.00 | % | 9/1/2030 | AA | 1,585 | 1,819,786 | ||||||||||
Pittsburgh GO (BAM) | 5.00 | % | 9/1/2032 | AA | 1,160 | 1,327,678 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
PR Comwlth GO(b) | 4.75 | % | 7/1/2018 | NR | $ | 370 | $ | 291,375 | ||||||||
PR Comwlth GO(b) | 5.50 | % | 7/1/2027 | Ca | 1,040 | 746,200 | ||||||||||
PR Comwlth GO(b) | 5.50 | % | 7/1/2039 | Ca | 3,000 | 2,152,500 | ||||||||||
PR Pub Bldg Auth GTD (AGC) | 5.00 | % | 7/1/2036 | AA | 155 | 158,204 | ||||||||||
San Diego USD | 3.25 | % | 7/1/2048 | Aa2 | 3,815 | 3,971,415 | ||||||||||
San Francisco Arpt AMT | 5.25 | % | 5/1/2042 | A+ | 4,000 | 4,803,760 | ||||||||||
St Pub SBA - Philadelphia Sch Dist | 5.00 | % | 4/1/2029 | A2 | 465 | 505,195 | ||||||||||
St Pub SBA - Philadelphia Sch Dist | 5.00 | % | 4/1/2031 | A2 | 185 | 200,991 | ||||||||||
Stockton USD (AGM) | 5.00 | % | 7/1/2028 | AA | 750 | 820,770 | ||||||||||
Sweetwater UHSD (BAM) | 5.00 | % | 8/1/2027 | AA | 500 | 575,405 | ||||||||||
Tuscaloosa Co Brd of Ed | 5.00 | % | 8/1/2046 | AA- | 5,000 | 5,812,750 | ||||||||||
Union Co Util Auth - Covanta GTD AMT | 4.75 | % | 12/1/2031 | AA+ | 4,000 | 4,235,240 | ||||||||||
Wilkes Barre PA School District (BAM) | 5.00 | % | 4/15/2059 | AA | 2,500 | 2,952,400 | ||||||||||
Yosemite CCD | 5.00 | % | 8/1/2029 | Aa2 | 500 | 600,450 | ||||||||||
Total | 455,999,461 | |||||||||||||||
Health Care 15.30% | ||||||||||||||||
Abag Fin Auth - Sharp Hlthcare | 5.00 | % | 8/1/2027 | AA | 300 | 323,181 | ||||||||||
Abag Fin Auth - Sharp Hlthcare | 5.00 | % | 8/1/2028 | AA | 345 | 371,068 | ||||||||||
Allegheny Co Hsp - Allegheny Hlth | 4.00 | % | 4/1/2044 | A | 10,645 | 11,401,221 | ||||||||||
Allegheny County Health Network | 4.00 | % | 4/1/2037 | A | 3,120 | 3,415,901 | ||||||||||
Allen Co Hsp - Catholic Hlth Ptnrs | 5.00 | % | 5/1/2033 | A+ | 7,065 | 7,599,467 | ||||||||||
Antelope Valley Hlth | 5.00 | % | 3/1/2041 | Ba3 | 3,000 | 3,212,940 | ||||||||||
Antelope Valley Hlth | 5.00 | % | 3/1/2046 | Ba3 | 2,615 | 2,781,288 | ||||||||||
Berks Co IDA - Tower Hlth | 4.00 | % | 11/1/2047 | BBB+ | 2,220 | 2,310,021 | ||||||||||
CA Hlth - Sutter Hlth | 4.00 | % | 11/15/2042 | AA- | 2,000 | 2,233,700 | ||||||||||
CA Hlth - Sutter Hlth | 5.25 | % | 8/15/2031 | AA- | 5,245 | 5,602,342 | ||||||||||
CA Muni Fin - Cmnty Med Ctrs | 5.00 | % | 2/1/2047 | A- | 6,940 | 8,004,735 | ||||||||||
CA Stwde - Eskaton Pptys | 5.25 | % | 11/15/2034 | BBB | 1,875 | 2,031,806 | ||||||||||
CA Stwde - Huntington Memorial Hosp | 4.00 | % | 7/1/2048 | A- | 4,500 | 4,820,310 | ||||||||||
CA Stwde - John Muir Hlth | 4.00 | % | 12/1/2057 | A+ | 2,500 | 2,611,725 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr | 5.50 | % | 12/1/2054 | BB- | 6,875 | 7,630,631 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr† | 5.50 | % | 12/1/2058 | BB- | 3,375 | 3,943,046 | ||||||||||
Cass Co - Essentia Hlth Rmkt (AGC) | 5.125 | % | 2/15/2037 | AA | 5,000 | 5,020,000 | ||||||||||
Cnty of Lucas OH - ProMedica Hlth | 5.25 | % | 11/15/2048 | BBB | 7,350 | 8,475,505 | ||||||||||
CO Hlth Facs - Boulder Cmnty Hsp | 5.00 | % | 10/1/2032 | A2 | 280 | 302,848 | ||||||||||
CO Hlth Facs - Catholic Hlth | 5.25 | % | 2/1/2031 | BBB+ | 750 | 782,918 | ||||||||||
CT Hlth & Ed - Connecticut State Univ | 3.125 | % | 11/1/2038 | A1 | 2,270 | 2,319,395 | ||||||||||
CT Hlth & Ed - Hartford Hlthcare | 5.00 | % | 7/1/2032 | A | 640 | 673,363 | ||||||||||
CT Hlth & Ed - Yale New Haven Hsp | 5.00 | % | 7/1/2028 | AA- | 500 | 578,255 | ||||||||||
CT Hlth - Nuvance | 4.00 | % | 7/1/2041 | A- | 2,500 | 2,715,550 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
CT Hlth - Nuvance | 4.00 | % | 7/1/2049 | A- | $ | 6,375 | $ | 6,835,147 | ||||||||
Cuyahoga Co Hsp - Metrohealth | 5.00 | % | 2/15/2057 | NR | 1,000 | 1,126,370 | ||||||||||
Cuyahoga Co Hsp - Metrohealth | 5.50 | % | 2/15/2052 | NR | 8,925 | 10,417,617 | ||||||||||
Cuyahoga Co Hsp - Metrohealth | 5.50 | % | 2/15/2057 | NR | 5,250 | 6,113,310 | ||||||||||
Denver Hlth & Hsp Auth | 4.00 | % | 12/1/2037 | BBB | 665 | 741,841 | ||||||||||
Denver Hlth & Hsp Auth | 4.00 | % | 12/1/2038 | BBB | 785 | 873,069 | ||||||||||
Denver Hlth & Hsp Auth | 5.25 | % | 12/1/2045 | BBB | 700 | 768,691 | ||||||||||
Duluth Econ Dev Auth - Essentia Health | 5.25 | % | 2/15/2053 | A- | 2,870 | 3,441,044 | ||||||||||
Duluth Econ Dev Auth - Essentia Health | 5.25 | % | 2/15/2058 | A- | 17,000 | 20,244,960 | ||||||||||
Fairview Health Services | 5.00 | % | 11/15/2049 | A+ | 5,400 | 6,424,704 | ||||||||||
Flint Hsp Bldg Auth - Hurley Med Ctr | 7.00 | % | 7/1/2030 | Ba1 | 1,510 | 1,544,926 | ||||||||||
Franklin Co Hlth - OPRS Cmntys | 6.125 | % | 7/1/2040 | BBB | (d) | 4,880 | 5,349,066 | |||||||||
Gainesville & Hall Co Hsp - NE GA Hlth GTD | 5.50 | % | 8/15/2054 | AA- | 5,225 | 6,080,176 | ||||||||||
Greenville Hlth Sys | 5.00 | % | 5/1/2034 | A | 3,970 | 4,450,291 | ||||||||||
Guadalupe Co - Seguin City Hospital | 5.00 | % | 12/1/2045 | BB | 2,000 | 2,137,440 | ||||||||||
IL Fin Auth - Centegra Hlth | 5.00 | % | 9/1/2034 | AA+ | 235 | 267,855 | ||||||||||
IN Fin Auth - Major Hsp | 5.00 | % | 10/1/2029 | Baa3 | 1,500 | 1,658,985 | ||||||||||
Kirkwood IDA - Aberdeen Hts | 8.00 | % | 5/15/2021 | NR | 415 | 425,284 | ||||||||||
Kirkwood IDA - Aberdeen Hts | 8.00 | % | 5/15/2029 | NR | 3,820 | 3,914,660 | ||||||||||
LA PFA - Ochsner Clinic | 6.25 | % | 5/15/2031 | A3 | 8,090 | 8,647,725 | ||||||||||
La Verne COP - Brethren Hillcrest Homes | 5.00 | % | 5/15/2036 | BBB- | (d) | 1,350 | 1,429,515 | |||||||||
Lee Memorial Hlth System | 4.00 | % | 4/1/2049 | A+ | 5,500 | 5,986,035 | ||||||||||
MA DFA - Atrius Hlth | 4.00 | % | 6/1/2049 | BBB | 1,500 | 1,592,445 | ||||||||||
MA DFA - Atrius Hlth | 5.00 | % | 6/1/2039 | BBB | 2,000 | 2,402,220 | ||||||||||
MA DFA - Boston Med Ctr | 5.00 | % | 7/1/2031 | BBB | 1,900 | 2,220,815 | ||||||||||
MA DFA - CareGroup | 5.00 | % | 7/1/2048 | A | 4,000 | 4,699,920 | ||||||||||
MA DFA - Partners Hlth | 4.00 | % | 7/1/2041 | AA- | 5,000 | 5,570,300 | ||||||||||
MA DFA - Wellforce Hlth | 4.00 | % | 7/1/2035 | BBB+ | 2,000 | 2,212,060 | ||||||||||
MA DFA - Wellforce Hlth | 4.00 | % | 7/1/2044 | BBB+ | 3,565 | 3,839,933 | ||||||||||
MA DFA - Wellforce Hlth | 5.00 | % | 7/1/2039 | BBB+ | 2,685 | 3,198,345 | ||||||||||
Martin Co Hlth - Cleveland Clinic(e) | 4.00 | % | 1/1/2046 | AA | 10,000 | 11,077,100 | ||||||||||
Martin Co Hlth - Martin Mem Med | 5.50 | % | 11/15/2032 | NR | 930 | 1,003,768 | ||||||||||
Martin Hsp Dist | 7.25 | % | 4/1/2036 | BBB | (d) | 3,250 | 3,411,297 | |||||||||
MD Hlth & HI Ed - Adventist | 5.50 | % | 1/1/2046 | Baa3 | 10,000 | 11,825,100 | ||||||||||
MD Hlth & Hi Ed - Doctors Cmnty Hospital | 5.00 | % | 7/1/2038 | Baa3 | 7,080 | 8,020,295 | ||||||||||
MD Hlth & HI Ed - Mercy Med Ctr | 5.00 | % | 7/1/2036 | Baa1 | 1,320 | 1,523,069 | ||||||||||
MD Hlth & HI Ed - Mercy Med Ctr | 5.00 | % | 7/1/2038 | Baa1 | 2,250 | 2,582,730 | ||||||||||
MD Hlth & Hi Ed - Mercy Med Ctr | 6.25 | % | 7/1/2031 | Baa1 | 11,635 | 12,408,262 | ||||||||||
ME Hlth & Hi Ed - MaineGeneral Hlth | 6.00 | % | 7/1/2026 | Ba3 | 620 | 653,430 | ||||||||||
ME Hlth & Hi Ed - MaineGeneral Hlth | 6.75 | % | 7/1/2036 | Ba3 | 400 | 427,008 | ||||||||||
ME Hlth & Hi Ed - MaineGeneral Hlth | 7.50 | % | 7/1/2032 | Ba3 | 11,150 | 12,071,213 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
Meadville Med Center | 6.00 | % | 6/1/2046 | NR | $ | 950 | $ | 1,083,152 | ||||||||
Meadville Med Center | 6.00 | % | 6/1/2051 | NR | 1,115 | 1,263,797 | ||||||||||
Mesquite Hlth - Christian Care Ctrs | 5.125 | % | 2/15/2042 | BB- | (d) | 1,000 | 977,300 | |||||||||
MI Fin Auth - Henry Ford Hlth | 4.00 | % | 11/15/2050 | A | 7,420 | 8,099,746 | ||||||||||
MI Fin Auth - Henry Ford Hlth | 5.00 | % | 11/15/2048 | A | 3,800 | 4,583,636 | ||||||||||
MI Fin Auth - Trinity Health | 4.00 | % | 12/1/2049 | AA- | 6,000 | 6,613,260 | ||||||||||
MO Hlth Ed - Mosaic Hlth | 4.00 | % | 2/15/2054 | A1 | 4,450 | 4,812,363 | ||||||||||
Montgomery Co Hgr Ed - Thomas Jeff U | 4.00 | % | 9/1/2049 | A | 3,960 | 4,288,878 | ||||||||||
Montgomery Co Hosp - Premier | 4.00 | % | 11/15/2042 | Baa1 | 4,440 | 4,779,971 | ||||||||||
Montgomery Co Hosp - Premier | 4.00 | % | 11/15/2045 | Baa1 | 2,500 | 2,671,550 | ||||||||||
Montgomery Co IDA - ACTS Retirement | 5.00 | % | 11/15/2024 | A- | (d) | 3,150 | 3,402,220 | |||||||||
Montgomery Co IDA - ACTS Retirement | 5.00 | % | 11/15/2025 | A- | (d) | 1,300 | 1,402,349 | |||||||||
Montgomery Co IDA - Jefferson Hlth | 5.00 | % | 10/1/2027 | AA | 4,500 | 4,833,630 | ||||||||||
Montgomery Co IDA - Whitemarsh | 5.375 | % | 1/1/2050 | NR | 1,070 | 1,123,661 | ||||||||||
MT St Fac Fin Auth - Kalispell Med Ctr | 5.00 | % | 7/1/2043 | BBB | 4,000 | 4,528,440 | ||||||||||
MT St Fac Fin Auth - Kalispell Med Ctr | 5.00 | % | 7/1/2048 | BBB | 5,760 | 6,479,021 | ||||||||||
Muskingum Co Hsp - Genesis Hlthcare | 5.00 | % | 2/15/2044 | BB+ | 2,650 | 2,842,655 | ||||||||||
Nassau Co LEAC - Catholic Hlth LI | 5.00 | % | 7/1/2034 | A- | 1,100 | 1,221,231 | ||||||||||
Nassau Co LEAC - Catholic Hlth Svcs | 5.00 | % | 7/1/2029 | A- | 1,000 | 1,130,800 | ||||||||||
Nassau Co LEAC - Catholic Hlth Svcs | 5.00 | % | 7/1/2030 | A- | 580 | 652,059 | ||||||||||
Nassau Co LEAC - Catholic Hlth Svcs | 5.00 | % | 7/1/2031 | A- | 1,620 | 1,811,192 | ||||||||||
NC HFA | 2.625 | % | 7/1/2039 | AA+ | 3,500 | 3,433,220 | ||||||||||
NC HFA | 2.85 | % | 1/1/2043 | AA+ | 3,000 | 2,946,930 | ||||||||||
NC Med Care Comm - Novant Hlth | 4.00 | % | 11/1/2052 | AA- | 8,000 | 8,862,800 | ||||||||||
NE Ed Hlth - Immanuel | 4.00 | % | 1/1/2049 | AA | (d) | 10,000 | 10,815,900 | |||||||||
New York City Health & Hospitals Corp | 5.00 | % | 2/15/2025 | Aa2 | 2,400 | 2,410,608 | ||||||||||
NJ Hlth - Univ Hosp (AGM) | 5.00 | % | 7/1/2029 | AA | 135 | 155,926 | ||||||||||
NM Hsp - Haverland | 5.00 | % | 7/1/2049 | BBB- | (d) | 3,375 | 3,790,867 | |||||||||
NY Dorm - Montefiore | 4.00 | % | 8/1/2036 | BBB | 1,450 | 1,612,400 | ||||||||||
NY Dorm - Montefiore | 4.00 | % | 8/1/2038 | BBB | 1,650 | 1,822,507 | ||||||||||
NY Dorm - Montefiore | 5.00 | % | 8/1/2033 | BBB | 1,000 | 1,214,390 | ||||||||||
NY Dorm - Montefiore | 5.00 | % | 8/1/2034 | BBB | 1,010 | 1,221,908 | ||||||||||
NY Dorm - Montefiore | 5.00 | % | 8/1/2035 | BBB | 1,000 | 1,204,790 | ||||||||||
NY Dorm - Orange Reg Med Ctr† | 5.00 | % | 12/1/2031 | BBB- | 1,300 | 1,537,679 | ||||||||||
NY Dorm - Orange Reg Med Ctr† | 5.00 | % | 12/1/2036 | BBB- | 1,000 | 1,168,070 | ||||||||||
NY Dorm - Orange Reg Med Ctr† | 5.00 | % | 12/1/2040 | BBB- | 1,300 | 1,462,708 | ||||||||||
NY Dorm - Orange Regl Med Ctr† | 5.00 | % | 12/1/2037 | BBB- | 1,000 | 1,164,810 | ||||||||||
NYC Hlth & Hsp Corp | 5.00 | % | 2/15/2030 | Aa2 | 5,640 | 5,663,857 | ||||||||||
OK DFA - OU Med | 5.50 | % | 8/15/2057 | Baa3 | 7,090 | 8,398,318 | ||||||||||
Oneida Co - Mohawk Valley Hlth (AGM) | 4.00 | % | 12/1/2049 | AA | 3,500 | 3,860,920 | ||||||||||
Oroville - Oroville Hsp | 5.25 | % | 4/1/2039 | BB+ | 1,000 | 1,197,980 | ||||||||||
Oroville - Oroville Hsp | 5.25 | % | 4/1/2049 | BB+ | 750 | 877,875 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
Oroville - Oroville Hsp | 5.25 | % | 4/1/2054 | BB+ | $ | 1,000 | $ | 1,165,100 | ||||||||
PA Hi Ed - U Penn Hlth | 4.00 | % | 8/15/2049 | AA | 7,000 | 7,711,550 | ||||||||||
Palm Beach Co Hlth Facs - Lifespace | 5.00 | % | 5/15/2053 | BBB | (d) | 2,375 | 2,655,250 | |||||||||
Palomar Hlth | 5.00 | % | 11/1/2036 | BBB | 4,025 | 4,626,174 | ||||||||||
Pell City Spl Care Facs - Noland Hlth | 5.00 | % | 12/1/2031 | A | 4,845 | 5,152,609 | ||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.00 | % | 7/1/2031 | BBB- | 1,000 | 1,170,940 | ||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.00 | % | 7/1/2032 | BBB- | 1,000 | 1,167,780 | ||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.00 | % | 7/1/2033 | BBB- | 2,950 | 3,434,449 | ||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.625 | % | 7/1/2036 | BBB- | 250 | 271,145 | ||||||||||
Pulaski Co Pub Facs - Baptist Hlth | 5.00 | % | 12/1/2039 | A | 5,750 | 6,453,742 | ||||||||||
Rockville Eco Dev - Ingleside at King Farm | 5.00 | % | 11/1/2042 | BB- | (d) | 875 | 961,188 | |||||||||
Rockville Eco Dev - Ingleside at King Farm | 5.00 | % | 11/1/2047 | BB- | (d) | 800 | 876,152 | |||||||||
San Buenaventura - Cmnty Mem Hlth | 8.00 | % | 12/1/2026 | BB | 950 | 1,059,801 | ||||||||||
Savannah Hosp - St.Joseph’s/Candler | 4.00 | % | 7/1/2043 | A3 | 5,000 | 5,453,350 | ||||||||||
Tempe IDA - ASU Mirabella† | 6.125 | % | 10/1/2047 | NR | 1,150 | 1,311,288 | ||||||||||
UCal Med Ctr | 5.25 | % | 5/15/2038 | AA- | 660 | 741,358 | ||||||||||
UNC Hopsitals - Chapel Hill | 5.00 | % | 2/1/2049 | AA | 5,000 | 7,253,850 | ||||||||||
Upland COP - San Antonio Cmnty Hsp COP | 6.375 | % | 1/1/2032 | BBB+ | 5,000 | 5,268,350 | ||||||||||
VT Ed & Hlth - Univ of VT Med Ctr | 5.00 | % | 12/1/2035 | A | 4,500 | 5,292,675 | ||||||||||
WA Hlth Care - Overlake Hsp | 5.00 | % | 7/1/2038 | A | 4,000 | 4,491,840 | ||||||||||
Westchester CO Hlth Care | 6.00 | % | 11/1/2030 | Baa2 | 110 | 114,209 | ||||||||||
Westchester CO Hlth Care | 6.125 | % | 11/1/2037 | Baa2 | 30 | 31,151 | ||||||||||
WI Hlth & Ed - Marshfield Hlth Sys | 4.00 | % | 2/15/2050 | NR | 7,780 | 8,136,091 | ||||||||||
WI Hlth & Ed - Sauk-Prarie Mem Hsp | 5.375 | % | 2/1/2048 | B1 | 840 | 861,605 | ||||||||||
WI PFA - Alabama Proton† | 6.85 | % | 10/1/2047 | NR | 2,160 | 2,365,222 | ||||||||||
WV Hsp - Herbert Thomas Hlth(b) | 6.25 | % | 10/1/2023 | NR | 2,000 | 1,170,000 | ||||||||||
Total | 491,401,480 | |||||||||||||||
Housing 3.65% | ||||||||||||||||
Alachua Co Hlth - Oak Hammock | 8.00 | % | 10/1/2042 | NR | 300 | 337,089 | ||||||||||
CA HFA - MFH | 4.00 | % | 3/20/2033 | BBB+ | 5,950 | 6,815,606 | ||||||||||
CA HFA - MFH | 4.25 | % | 1/15/2035 | BBB+ | 5,973 | 7,009,898 | ||||||||||
CA Muni Fin - Caritas Affordable Hsg | 5.25 | % | 8/15/2039 | BBB+ | 650 | 730,178 | ||||||||||
CA Muni Fin - Park Wstrn Apts (GNMA) | 2.65 | % | 8/1/2036 | Aaa | 4,484 | 4,484,687 | ||||||||||
CA Muni Fin - UC Berkeley Hsg | 5.00 | % | 6/1/2050 | Baa3 | 1,410 | 1,564,254 | ||||||||||
Fed Home Loan Mtg Corp | 4.60 | % | 12/15/2044 | AA+ | 5,500 | 5,942,750 | ||||||||||
LA HFA - GMF-LA Chateau | 8.00 | % | 9/1/2039 | CCC+ | 1,315 | 1,238,178 | (c) | |||||||||
LA Pub Facs Auth - Provident LSU | 5.00 | % | 7/1/2059 | A3 | 2,500 | 2,913,350 | ||||||||||
Los Angeles Hsg | 6.25 | % | 6/1/2034 | A | 4,220 | 4,233,842 | ||||||||||
MA DFA - Newbridge† | 5.00 | % | 10/1/2057 | BB+ | (d) | 3,500 | 3,835,335 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Housing (continued) | ||||||||||||||||
MA ST Hsg Fin Agncy | 3.60 | % | 12/1/2059 | AA | $ | 5,845 | $ | 5,998,197 | ||||||||
MD State Hsg CDA | 3.00 | % | 3/1/2042 | Aa2 | 15,000 | 15,126,450 | ||||||||||
MI HDA | 3.60 | % | 10/1/2060 | AA | 6,330 | 6,449,067 | ||||||||||
MN HFA (GNMA) | 2.75 | % | 7/1/2044 | AA+ | 6,750 | 6,556,343 | ||||||||||
NY State Hsg | 3.05 | % | 11/1/2049 | Aa2 | 2,160 | 2,164,687 | ||||||||||
NY State Hsg | 3.15 | % | 11/1/2054 | Aa2 | 2,375 | 2,380,059 | ||||||||||
NYC HDC | 3.35 | % | 11/1/2065 | AA+ | 8,870 | 8,898,827 | ||||||||||
NYC HDC | 3.45 | % | 5/1/2059 | AA+ | 10,000 | 10,135,900 | ||||||||||
NYC Multi-Family Hsg | 3.00 | % | 11/1/2044 | AA+ | 2,000 | 1,996,020 | ||||||||||
NYC Multi-Family Hsg | 3.05 | % | 5/1/2050 | AA+ | 6,000 | 5,969,940 | ||||||||||
NYS Mtg | 3.00 | % | 10/1/2039 | Aa1 | 4,670 | 4,737,995 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2037 | Baa3 | 1,000 | 1,182,520 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2049 | Baa3 | 1,125 | 1,305,079 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2054 | Baa3 | 1,330 | 1,535,631 | ||||||||||
Toledo/Lucas Port Auth - Univ Toledo | 5.00 | % | 7/1/2034 | BBB- | 1,000 | 1,085,320 | ||||||||||
Toledo/Lucas Port Auth - Univ Toledo | 5.00 | % | 7/1/2039 | BBB- | 1,500 | 1,614,660 | ||||||||||
Toledo/Lucas Port Auth - Univ Toledo | 5.00 | % | 7/1/2046 | BBB- | 1,000 | 1,068,370 | ||||||||||
Total | 117,310,232 | |||||||||||||||
Lease Obligations 7.28% | ||||||||||||||||
CA Pub Wks - Judicial Council | 5.00 | % | 12/1/2028 | Aa3 | 5,600 | 6,007,288 | ||||||||||
CA Pub Wks - Various Cap Proj | 5.00 | % | 10/1/2028 | Aa3 | 535 | 570,545 | ||||||||||
CA Pub Wks - Various Cap Proj | 5.00 | % | 4/1/2033 | Aa3 | 8,500 | 9,189,010 | ||||||||||
CA Pub Wks - Various Cap Proj | 5.125 | % | 10/1/2031 | Aa3 | 2,500 | 2,671,475 | ||||||||||
Delano Earlimart Irrigation Dist COP | 5.00 | % | 2/1/2028 | AA- | 475 | 476,520 | ||||||||||
Erie Co IDA - Buffalo Sch Dist | 5.00 | % | 5/1/2026 | AA | 6,430 | 7,224,426 | ||||||||||
Erie Co IDA - Buffalo Sch Dist | 5.25 | % | 5/1/2028 | AA | 7,000 | 7,372,190 | ||||||||||
Essex Co Impt Auth - Newark | 6.25 | % | 11/1/2030 | Baa2 | 250 | 260,362 | ||||||||||
Houston Co Coop Dist - Country Crossing(b) | Zero Coupon | 6/7/2013 | NR | 1,768 | 247,520 | (c) | ||||||||||
IL Sports Facs Auth (AGM) | 5.00 | % | 6/15/2027 | AA | 3,500 | 3,942,645 | ||||||||||
IL Sports Facs Auth (AGM) | 5.00 | % | 6/15/2028 | AA | 865 | 971,724 | ||||||||||
IN Fin Auth - OH River Brdgs AMT | 5.00 | % | 7/1/2035 | BBB+ | 6,500 | 7,148,895 | ||||||||||
IN Fin Auth - OH River Brdgs AMT | 5.00 | % | 7/1/2040 | BBB+ | 3,000 | 3,287,730 | ||||||||||
IN Fin Auth - OH River Brdgs AMT | 5.00 | % | 7/1/2044 | BBB+ | 3,145 | 3,441,322 | ||||||||||
IN Fin Auth - Stadium | 5.25 | % | 2/1/2032 | AA+ | 5,000 | 5,982,100 | ||||||||||
KY Bond Dev Corp - Lexington Conv | 4.00 | % | 9/1/2048 | A+ | 4,645 | 5,083,999 | ||||||||||
Los Angeles USD COP | 5.00 | % | 10/1/2025 | A | 1,000 | 1,100,220 | ||||||||||
MI Fin Auth - Wayne Co Criminal Justice | 4.00 | % | 11/1/2048 | Aa3 | 3,500 | 3,847,270 | ||||||||||
MI St Bldg Auth | 4.00 | % | 4/15/2054 | Aa2 | 6,500 | 7,137,000 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Lease Obligations (continued) | ||||||||||||||||
NJ Ed Facs - Higher Ed | 4.00 | % | 9/1/2029 | BBB+ | $ | 5,445 | $ | 5,797,564 | ||||||||
NJ EDA - Bldgs | 5.00 | % | 6/15/2036 | BBB+ | 1,250 | 1,439,587 | ||||||||||
NJ EDA - Bldgs | 5.00 | % | 6/15/2047 | BBB+ | 6,050 | 6,812,058 | ||||||||||
NJ EDA - Goethals Brdg AMT | 5.625 | % | 1/1/2052 | BBB | 7,500 | 8,477,100 | ||||||||||
NJ EDA - Sch Facs | 3.21 (MUNIPSA * 1 + 1.60 | % %)# | 3/1/2028 | BBB+ | 5,565 | 5,585,257 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2028 | BBB+ | 3,845 | 4,216,119 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2042 | A- | (d) | 4,800 | 5,408,544 | |||||||||
NJ EDA - Sch Facs | 5.50 | % | 6/15/2031 | BBB+ | 1,350 | 1,603,638 | ||||||||||
NJ EDA - State House | 5.00 | % | 6/15/2043 | BBB+ | 4,500 | 5,152,545 | ||||||||||
NJ Trans Trust Fund | Zero Coupon | 12/15/2028 | BBB+ | 10,000 | 7,874,800 | |||||||||||
NJ Trans Trust Fund | Zero Coupon | 12/15/2031 | BBB+ | 1,935 | 1,366,245 | |||||||||||
NJ Trans Trust Fund | Zero Coupon | 12/15/2037 | BBB+ | 2,650 | 1,465,450 | |||||||||||
NJ Trans Trust Fund | Zero Coupon | 12/15/2038 | BBB+ | 6,615 | 3,509,324 | |||||||||||
NJ Trans Trust Fund | 4.00 | % | 6/15/2050 | BBB+ | 20,000 | 20,736,600 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2023 | BBB+ | 4,425 | 4,993,480 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2030 | A+ | 3,000 | 3,495,360 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2031 | A+ | 2,400 | 2,787,240 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2035 | BBB+ | 4,200 | 4,914,336 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2036 | BBB+ | 3,500 | 4,083,905 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2042 | BBB+ | 2,215 | 2,353,814 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2046 | BBB+ | 10,000 | 11,451,600 | ||||||||||
NJ Trans Trust Fund | 5.25 | % | 6/15/2043 | BBB+ | 6,330 | 7,419,140 | ||||||||||
NYC TFA - Bldg Aid | 5.00 | % | 7/15/2030 | AA | 10,000 | 10,952,800 | ||||||||||
NYC TFA - Bldg Aid | 5.00 | % | 7/15/2031 | AA | 6,000 | 6,570,120 | ||||||||||
NYC TFA - Bldg Aid | 5.00 | % | 7/15/2035 | AA | 545 | 663,151 | ||||||||||
PA COPS | 5.00 | % | 7/1/2043 | A2 | 125 | 148,015 | ||||||||||
Sacramento City Fing Auth (AMBAC) | 5.25 | % | 12/1/2023 | Aa3 | 3,150 | 3,666,537 | ||||||||||
VA Clg Bldg Auth | 3.00 | % | 2/1/2036 | AA+ | 5,000 | 5,169,050 | ||||||||||
VA Clg Bldg Auth | 3.00 | % | 2/1/2039 | AA+ | 9,675 | 9,901,105 | ||||||||||
Total | 233,976,725 | |||||||||||||||
Other Revenue 4.72% | ||||||||||||||||
Apache Co Poll Ctl - Tucson Elec | 4.50 | % | 3/1/2030 | A- | 8,400 | 8,809,920 | ||||||||||
Arlington Hi Ed Fin Corp - Arlington Classics | 7.65 | % | 8/15/2040 | NR | 5,905 | 6,135,177 | ||||||||||
Brooklyn Arena LDC - Barclays Ctr | 5.00 | % | 7/15/2030 | Ba1 | 2,340 | 2,720,858 | ||||||||||
CA Infra & Econ Dev - Acad Motion Pict | 5.00 | % | 11/1/2041 | Aa2 | 2,500 | 2,794,175 | ||||||||||
CA Infra & Econ Dev - Gladstone Inst | 5.25 | % | 10/1/2034 | BBB+ | 8,100 | 8,696,646 | ||||||||||
CA Sch Fin Auth - Green Dot Charter† | 5.00 | % | 8/1/2048 | BBB- | 1,650 | 1,920,435 | ||||||||||
City of Miami Beach - Parking Revs (BAM) | 5.00 | % | 9/1/2040 | AA | 2,000 | 2,327,420 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Other Revenue (continued) | ||||||||||||||||
Cleveland Arpt | 5.00 | % | 1/1/2030 | A | $ | 2,555 | $ | 2,751,556 | ||||||||
Clifton Higher Ed - IDEA Pub Schs | 5.00 | % | 8/15/2042 | A- | 275 | 291,825 | ||||||||||
Clifton Higher Ed - IDEA Pub Schs | 6.00 | % | 8/15/2043 | A- | 1,000 | 1,128,630 | ||||||||||
Clifton Higher Ed - Intl Ldrshp Sch | 6.125 | % | 8/15/2048 | NR | 7,825 | 8,833,173 | ||||||||||
DC Rev - Friendship Pub Chtr Sch | 5.00 | % | 6/1/2032 | BBB | 500 | 536,265 | ||||||||||
DC Rev - Friendship Pub Chtr Sch | 5.00 | % | 6/1/2041 | BBB | 1,935 | 2,182,100 | ||||||||||
DC Rev - KIPP Chtr Sch | 6.00 | % | 7/1/2043 | NR | 1,000 | 1,167,150 | ||||||||||
DC Rev - KIPP Chtr Sch | 6.00 | % | 7/1/2048 | NR | 1,000 | 1,167,150 | ||||||||||
Denver Conv Ctr | 5.00 | % | 12/1/2034 | Baa2 | 1,000 | 1,152,050 | ||||||||||
FL DFC - Renaissance Chtr Sch | 7.625 | % | 6/15/2041 | B+ | (d) | 5,500 | 5,830,715 | |||||||||
Grand River Hosp Dist (AGM) | 5.25 | % | 12/1/2034 | AA | 1,000 | 1,248,950 | ||||||||||
Grand River Hosp Dist (AGM) | 5.25 | % | 12/1/2035 | AA | 1,000 | 1,245,270 | ||||||||||
Grand River Hosp Dist (AGM) | 5.25 | % | 12/1/2037 | AA | 1,000 | 1,236,860 | ||||||||||
Houston Hi Ed - Cosmos Fndtn | 5.00 | % | 2/15/2032 | BBB | 100 | 104,991 | ||||||||||
Houston HI Ed - Cosmos Fndtn | 5.00 | % | 2/15/2042 | BBB | 725 | 755,211 | ||||||||||
Houston HI Ed - Cosmos Fndtn | 6.875 | % | 5/15/2041 | BBB | 125 | 134,656 | ||||||||||
IL Fin Auth - Noble Chrter Schs | 6.125 | % | 9/1/2039 | BBB | 6,000 | 6,652,320 | ||||||||||
IN Fin Auth - Drexel Foundation | 7.00 | % | 10/1/2039 | B | 1,250 | 1,251,938 | ||||||||||
Indianapolis Local Pub Impt Bd Bk | 5.00 | % | 2/1/2031 | AA- | 7,120 | 8,071,944 | ||||||||||
Long Beach Nat Gas - ML | 2.73 (3 Mo. LIBOR * .67 + 1.45 | % %)# | 11/15/2027 | A2 | 9,000 | 9,195,570 | ||||||||||
Lower AL Gas Dist - Goldman Sachs | 5.00 | % | 9/1/2046 | A3 | 6,500 | 8,987,940 | ||||||||||
Main St Nat Gas - Macquarie | 5.00 | % | 5/15/2037 | A3 | 2,990 | 3,901,711 | ||||||||||
Main St Nat Gas - Macquarie | 5.00 | % | 5/15/2043 | A3 | 3,250 | 3,848,033 | ||||||||||
Main St Nat Gas - Macquarie | 5.00 | % | 5/15/2049 | A3 | 8,150 | 11,125,809 | ||||||||||
Maricopa Co - Legacy Schools† | 5.00 | % | 7/1/2049 | Ba2 | 1,165 | 1,287,779 | ||||||||||
Maricopa Co - Legacy Schools† | 5.00 | % | 7/1/2054 | Ba2 | 1,000 | 1,096,980 | ||||||||||
Met Boston Trans Pkg Corp | 5.25 | % | 7/1/2033 | A+ | 11,000 | 11,654,390 | ||||||||||
MI Pub Ed - Bradford Admy | 8.75 | % | 9/1/2039 | NR | 2,250 | 1,755,000 | ||||||||||
Middlesex Co Impt Auth - Heldrich Ctr(b) | 6.125 | % | 1/1/2025 | NR | 1,250 | 18,750 | ||||||||||
Middlesex Co Impt Auth - Heldrich Ctr(b) | 6.25 | % | 1/1/2037 | NR | 1,700 | 25,500 | ||||||||||
NJ EDA - Team Academy | 6.00 | % | 10/1/2043 | BBB | 3,500 | 3,922,100 | ||||||||||
NYC Cultural - Whitney Museum | 5.25 | % | 7/1/2026 | A+ | 500 | 520,210 | ||||||||||
Overland Pk Dev - Conv Ctr | 5.00 | % | 3/1/2044 | BBB | 1,500 | 1,757,295 | ||||||||||
Overland Pk Dev - Conv Ctr | 5.00 | % | 3/1/2049 | BBB | 1,500 | 1,750,230 | ||||||||||
San Antonio Hotel & Conv Ctr AMT (AMBAC) | 5.00 | % | 7/15/2039 | A | 7,000 | 7,004,760 | ||||||||||
Selma IDB - Intl Paper | 5.80 | % | 5/1/2034 | BBB | 150 | 152,145 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2031 | A3 | 3,995 | 4,354,190 | ||||||||||
Total | 151,505,777 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Pre-Refunded 0.33% | ||||||||||||||||
HI State GO | 5.00 | % | 12/1/2027 | NR | $ | 3,635 | $ | 3,902,354 | ||||||||
HI State GO | 5.00 | % | 12/1/2027 | NR | 2,550 | 2,740,052 | ||||||||||
HI State GO | 5.00 | % | 12/1/2027 | AA+ | 3,815 | 4,099,332 | ||||||||||
Total | 10,741,738 | |||||||||||||||
Special Tax 2.08% | ||||||||||||||||
Allentown Neighborhood Impt | 5.00 | % | 5/1/2027 | Baa3 | 250 | 266,580 | ||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2032 | Ba3 | 1,845 | 2,130,661 | ||||||||||
Allentown Neighborhood Impt | 5.00 | % | 5/1/2035 | Baa3 | 4,800 | 5,070,720 | ||||||||||
CT Spl Tax - Trans Infra | 5.00 | % | 8/1/2034 | A+ | 3,600 | 4,179,312 | ||||||||||
CT Spl Tax - Trans Infra | 5.00 | % | 1/1/2037 | A+ | 7,000 | 8,410,220 | ||||||||||
CT Spl Tax - Trans Infra | 5.00 | % | 1/1/2038 | A+ | 4,250 | 5,083,595 | ||||||||||
Gramercy Farms CDD~ | Zero Coupon | 5/1/2039 | NR | 4,115 | 1,975,200 | |||||||||||
Gramercy Farms Cmnty Dev Dist(b) | 5.25 | % | 5/1/2039 | NR | 1,340 | 13 | ||||||||||
Houston Co Coop Dist - Country Crossing(b) | 10.00 | % | 5/1/2039 | NR | 5,000 | 550,000 | (c) | |||||||||
Inland Valley Redev Agy | 5.25 | % | 9/1/2037 | A- | 4,875 | 5,558,573 | ||||||||||
Irvine CFD - Great Park | 5.00 | % | 9/1/2044 | NR | 500 | 552,785 | ||||||||||
NJ EDA - Kapkowski Rd Landfill | 6.50 | % | 4/1/2028 | Ba2 | 2,325 | 2,753,823 | ||||||||||
NYC IDA - Yankee Stadium (NPFGC)(FGIC) | 2.624 (CPI Based) | % | 3/1/2024 | Baa1 | 5,000 | 5,120,050 | ||||||||||
Orange Co CFD - Esencia | 5.25 | % | 8/15/2045 | NR | 490 | 558,536 | ||||||||||
PA COPS | 4.00 | % | 7/1/2046 | A2 | 2,375 | 2,606,895 | ||||||||||
Rancho Cucamonga Redev Agy (AGM) | 5.00 | % | 9/1/2030 | AA | 1,500 | 1,738,260 | ||||||||||
Rancho Cucamonga Redev Agy (AGM) | 5.00 | % | 9/1/2031 | AA | 1,400 | 1,616,874 | ||||||||||
Riverside RDA - Housing | Zero Coupon | # | 10/1/2041 | A | 11,195 | 14,659,293 | ||||||||||
San Francisco Redev - Mission Bay South | 7.00 | % | 8/1/2033 | BBB+ | 1,000 | 1,064,820 | ||||||||||
San Francisco Redev - Mission Bay South | 7.00 | % | 8/1/2041 | BBB+ | 1,400 | 1,490,748 | ||||||||||
San Jose Spl Tax - Conv Ctr | 5.50 | % | 5/1/2024 | A+ | 660 | 697,165 | ||||||||||
Stone Canyon CID(b) | 5.70 | % | 4/1/2022 | NR | 1,000 | 260,000 | ||||||||||
Stone Canyon CID(b) | 5.75 | % | 4/1/2027 | NR | 1,300 | 338,000 | ||||||||||
Total | 66,682,123 | |||||||||||||||
Tax Revenue 5.71% | ||||||||||||||||
Casino Reinv Dev Auth | 5.25 | % | 11/1/2039 | BBB+ | 3,300 | 3,573,570 | ||||||||||
Casino Reinv Dev Auth | 5.25 | % | 11/1/2044 | BBB+ | 1,950 | 2,107,365 | ||||||||||
Chicago Brd Ed - CIT | 5.00 | % | 4/1/2042 | A | (d) | 1,800 | 2,020,824 | |||||||||
Chicago Brd Ed - CIT | 5.00 | % | 4/1/2046 | A | (d) | 2,050 | 2,291,429 | |||||||||
City of Sparks - Legends at Sparks Marina† | 2.50 | % | 6/15/2024 | Ba2 | 375 | 379,729 | ||||||||||
City of Sparks - Legends at Sparks Marina† | 2.75 | % | 6/15/2028 | Ba2 | 750 | 766,373 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Tax Revenue (continued) | ||||||||||||||||
Cook Co Sales Tax | 4.00 | % | 11/15/2034 | AA | $ | 3,750 | $ | 4,163,025 | ||||||||
Hudson Yards | 5.75 | % | 2/15/2047 | Aa2 | 355 | 372,246 | ||||||||||
Las Vegas Convention Auth Ctr | 5.00 | % | 7/1/2043 | Aa3 | 9,500 | 11,363,140 | ||||||||||
MA Sch Bldg Auth - Sales Tax | 4.00 | % | 2/15/2043 | AA | 1,000 | 1,111,090 | ||||||||||
MA Sch Bldg Auth - Sales Tax(f) | 5.00 | % | 10/15/2032 | AA+ | 20,000 | 21,395,400 | ||||||||||
Met Atlanta Rapid Trans Auth | 3.00 | % | 7/1/2040 | AA+ | 6,140 | 6,310,569 | ||||||||||
Met Atlanta Rapid Trans Auth | 3.25 | % | 7/1/2039 | AA+ | 2,330 | 2,427,347 | ||||||||||
Met Pier & Expo Auth - Mccormick Place(e) | 4.00 | % | 6/15/2050 | BBB | 12,500 | 13,066,375 | ||||||||||
Met Pier & Expo Auth - Mccormick Place(e) | 5.00 | % | 6/15/2050 | BBB | 10,000 | 11,525,200 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.00 | % | 6/15/2057 | BBB | 3,565 | 3,975,652 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.50 | % | 6/15/2053 | BBB | 4,415 | 4,950,804 | ||||||||||
Met Pier & Expo Auth - McCormick Place (AGM) | Zero Coupon | 6/15/2045 | AA | 3,145 | 1,325,272 | |||||||||||
Met Pier & Expo Auth - McCormick Place (AGM) | Zero Coupon | 6/15/2046 | AA | 1,595 | 645,784 | |||||||||||
Met Pier & Expo Auth - McCormick Place (NPFGC)(FGIC) | Zero Coupon | 12/15/2030 | BBB | 10,480 | 7,610,471 | |||||||||||
Met Pier & Expo Auth - McCormick Place (NPFGC)(FGIC) | Zero Coupon | 12/15/2036 | BBB | 20,000 | 11,459,800 | |||||||||||
Met Pier & Expo Auth - McCormick Place (NPFGC)(FGIC) | Zero Coupon | 12/15/2037 | BBB | 15,000 | 8,251,200 | |||||||||||
Met Pier & Expo Auth - McCormick Place TCRS (BAM) | 5.00 | % | 6/15/2053 | AA | 915 | 1,031,205 | ||||||||||
NY Conv Ctr Dev Corp | 5.00 | % | 11/15/2040 | Aa3 | 2,750 | 3,239,500 | ||||||||||
NY UDC - PIT | 5.00 | % | 3/15/2033 | AA+ | 750 | 833,753 | ||||||||||
NYC TFA - Future Tax | 4.00 | % | 5/1/2037 | AAA | 3,000 | 3,380,220 | ||||||||||
NYC TFA - Future Tax | 4.00 | % | 8/1/2042 | Aa1 | 1,000 | 1,111,310 | ||||||||||
NYC TFA - Future Tax | 4.00 | % | 5/1/2044 | AAA | 1,000 | 1,109,620 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 2/1/2036 | AAA | 1,000 | 1,132,850 | ||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2024 | NR | 128 | 112,506 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2027 | NR | 244 | 195,137 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2029 | NR | 1,271 | 944,722 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2031 | NR | 2,122 | 1,459,554 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2033 | NR | 2,549 | 1,624,809 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2046 | NR | 3,291 | 885,806 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2051 | NR | 2,798 | 549,583 | |||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 3,303 | 3,356,575 | ||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 7,602 | 7,725,304 | ||||||||||
PR Corp Sales Tax | 4.536 | % | 7/1/2053 | NR | 39 | 39,950 | ||||||||||
PR Corp Sales Tax | 4.55 | % | 7/1/2040 | NR | 129 | 133,879 | ||||||||||
PR Corp Sales Tax | 4.75 | % | 7/1/2053 | NR | 940 | 983,729 | ||||||||||
PR Corp Sales Tax | 4.784 | % | 7/1/2058 | NR | 1,067 | 1,110,896 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Tax Revenue (continued) | ||||||||||||||||
PR Corp Sales Tax | 5.00 | % | 7/1/2058 | NR | $ | 8,740 | $ | 9,295,252 | ||||||||
Reno Cap Impt (AGM) | 4.00 | % | 6/1/2043 | AA | 4,725 | 5,109,142 | ||||||||||
Reno Cap Impt (AGM) | 4.00 | % | 6/1/2046 | AA | 6,800 | 7,320,540 | ||||||||||
San Jose Spl Tax - Conv Ctr | 5.50 | % | 5/1/2026 | A+ | 275 | 289,825 | ||||||||||
San Jose Spl Tax - Conv Ctr | 6.125 | % | 5/1/2031 | A+ | 4,190 | 4,456,316 | ||||||||||
San Jose Spl Tax - Conv Ctr | 6.50 | % | 5/1/2036 | A+ | 530 | 566,294 | ||||||||||
Sonoma Marin Area Rail | 5.00 | % | 3/1/2028 | AA | 510 | 553,365 | ||||||||||
Yorba Linda Redev Agy | 6.00 | % | 9/1/2026 | NR | 1,145 | 1,240,253 | ||||||||||
Yorba Linda Redev Agy | 6.50 | % | 9/1/2032 | NR | 2,250 | 2,455,290 | ||||||||||
Total | 183,339,850 | |||||||||||||||
Tobacco 3.10% | ||||||||||||||||
Buckeye Tobacco | Zero Coupon | 6/1/2047 | NR | 20,000 | 1,418,600 | |||||||||||
Buckeye Tobacco | Zero Coupon | 6/1/2052 | NR | 1,000 | 53,690 | |||||||||||
Buckeye Tobacco | 5.125 | % | 6/1/2024 | Ca | 10,030 | 10,043,641 | ||||||||||
Buckeye Tobacco | 5.75 | % | 6/1/2034 | Ca | 3,835 | 3,854,137 | ||||||||||
Buckeye Tobacco | 5.875 | % | 6/1/2047 | B- | 5,000 | 5,023,200 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2029 | BBB | 2,500 | 2,974,400 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2030 | Aa3 | 500 | 560,220 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2047 | NR | 5,000 | 5,171,700 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2047 | NR | 8,130 | 8,409,184 | ||||||||||
Golden St Tobacco | 5.25 | % | 6/1/2047 | NR | 4,375 | 4,552,450 | ||||||||||
MI Tob Settlement | 5.125 | % | 6/1/2022 | B- | 555 | 555,844 | ||||||||||
Nassau Co Tobacco | Zero Coupon | 6/1/2060 | NR | 20,000 | 604,600 | |||||||||||
PA Tob Settlement | 5.00 | % | 6/1/2035 | A1 | 1,245 | 1,508,878 | ||||||||||
PA Tob Settlement (AGM) | 4.00 | % | 6/1/2039 | AA | 15,000 | 16,590,000 | ||||||||||
Railsplitter Tobacco Settlement Auth | 5.00 | % | 6/1/2027 | A | 3,325 | 3,999,642 | ||||||||||
Railsplitter Tobacco Settlement Auth | 6.00 | % | 6/1/2028 | NR | 5,625 | 6,009,806 | ||||||||||
San Diego Co Tobacco | 5.00 | % | 6/1/2048 | BBB- | 4,700 | 5,469,907 | ||||||||||
Suffolk Tobacco Asset Sec Corp | 5.375 | % | 6/1/2028 | NR | 5,895 | 5,894,705 | ||||||||||
Tobacco Settlement Auth IA | 5.50 | % | 6/1/2042 | B- | 205 | 205,041 | ||||||||||
Tobacco Settlement Auth WA | 5.25 | % | 6/1/2032 | A- | 2,000 | 2,092,520 | ||||||||||
Tobacco Settlement Fin Corp NJ | 5.00 | % | 6/1/2046 | BB+ | 3,760 | 4,190,934 | ||||||||||
Tobacco Settlement Fin Corp VA | 5.00 | % | 6/1/2047 | B- | 3,855 | 3,893,588 | ||||||||||
TSASC | 5.00 | % | 6/1/2035 | A- | 1,390 | 1,634,140 | ||||||||||
TSASC | 5.00 | % | 6/1/2036 | A- | 620 | 727,142 | ||||||||||
TSASC | 5.00 | % | 6/1/2048 | NR | 4,200 | 4,239,186 | ||||||||||
Total | 99,677,155 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation 20.83% | ||||||||||||||||
AL Port Auth (AGM) | 5.00 | % | 10/1/2036 | AA | $ | 750 | $ | 893,768 | ||||||||
AL Port Auth AMT (AGM) | 5.00 | % | 10/1/2034 | AA | 2,000 | 2,373,620 | ||||||||||
AL Port Auth AMT (AGM) | 5.00 | % | 10/1/2035 | AA | 2,000 | 2,367,540 | ||||||||||
Atlanta Arpt | 5.25 | % | 1/1/2030 | Aa3 | 635 | 659,829 | ||||||||||
Atlanta Arpt - PFC | 5.00 | % | 1/1/2028 | AA- | 2,000 | 2,288,000 | ||||||||||
Atlanta Arpt - PFC | 5.00 | % | 1/1/2031 | AA- | 4,000 | 4,544,240 | ||||||||||
Atlanta Arpt AMT | 4.00 | % | 7/1/2039 | AA- | 2,250 | 2,519,123 | ||||||||||
Atlanta Arpt AMT | 4.00 | % | 7/1/2040 | AA- | 4,000 | 4,469,600 | ||||||||||
Bay Area Toll Auth | 3.00 | % | 4/1/2054 | AA- | 7,500 | 7,547,475 | ||||||||||
Bay Area Toll Auth | 4.00 | % | 4/1/2049 | AA- | 4,860 | 5,373,167 | ||||||||||
CA Muni Fin Auth - LINXS AMT | 4.00 | % | 12/31/2047 | BBB | (d) | 12,250 | 13,071,607 | |||||||||
CA Muni Fin Auth - LINXS AMT | 5.00 | % | 12/31/2038 | BBB | (d) | 5,000 | 5,911,250 | |||||||||
CA Muni Fin Auth - LINXS AMT (AGM) | 4.00 | % | 12/31/2047 | A2 | 3,630 | 3,901,560 | ||||||||||
CA Muni Fin Auth - LINXS APM Proj AMT | 5.00 | % | 12/31/2047 | BBB | (d) | 3,500 | 4,068,085 | |||||||||
Canaveral FL Port Auth AMT | 5.00 | % | 6/1/2045 | A2 | 4,630 | 5,413,581 | ||||||||||
Central TX Mobility Auth | 5.00 | % | 1/1/2045 | A- | 4,500 | 5,142,555 | ||||||||||
Central TX Mobility Auth | 6.00 | % | 1/1/2041 | A- | 10,000 | 10,478,200 | ||||||||||
Central TX Tpk | 5.00 | % | 8/15/2033 | A- | 5,750 | 6,569,720 | ||||||||||
Central TX Tpk | 5.00 | % | 8/15/2037 | A- | 1,000 | 1,135,950 | ||||||||||
Charlotte Arpt | 5.00 | % | 7/1/2033 | AA- | 575 | 605,326 | ||||||||||
Chicago Midway Arpt | 4.00 | % | 1/1/2034 | A | 1,000 | 1,095,780 | ||||||||||
Chicago O’Hare Arpt | 4.00 | % | 1/1/2044 | A | 13,500 | 15,036,030 | ||||||||||
Chicago O’Hare Arpt | 5.00 | % | 1/1/2035 | A | 1,040 | 1,042,891 | ||||||||||
Chicago O’Hare Arpt | 5.00 | % | 1/1/2048 | A | 1,000 | 1,203,320 | ||||||||||
Chicago O’Hare Arpt | 5.625 | % | 1/1/2035 | A | 280 | 291,754 | ||||||||||
Chicago O’Hare Arpt - TRIPS AMT | 5.00 | % | 7/1/2048 | BBB+ | 2,500 | 2,898,325 | ||||||||||
Chicago O’Hare Arpt AMT | 5.00 | % | 1/1/2053 | A | 10,000 | 11,771,600 | ||||||||||
Cleveland Arpt (AGM) | 5.00 | % | 1/1/2031 | AA | 900 | 1,038,069 | ||||||||||
CT Airport Auth - Ground Trans Proj AMT | 4.00 | % | 7/1/2049 | A- | 3,600 | 3,909,204 | ||||||||||
CT Airport Auth - Ground Trans Proj AMT | 5.00 | % | 7/1/2049 | A- | 3,425 | 4,094,861 | ||||||||||
Delaware River Port Auth | 5.00 | % | 1/1/2029 | A+ | 470 | 538,065 | ||||||||||
Delaware River Port Auth | 5.00 | % | 1/1/2034 | A+ | 8,000 | 9,064,560 | ||||||||||
Denver City & Co Arpt | 4.00 | % | 12/1/2043 | A | 5,000 | 5,548,300 | ||||||||||
Denver City & Co Arpt AMT | 4.00 | % | 12/1/2048 | A | 4,255 | 4,585,996 | ||||||||||
DFW Arpt | 5.00 | % | 11/1/2030 | A+ | 850 | 961,435 | ||||||||||
E470 Pub Hwy Auth (NPFGC)(FGIC) | Zero Coupon | 9/1/2032 | A | 4,200 | 3,026,058 | |||||||||||
E470 Pub Hwy Auth (NPFGC)(FGIC) | Zero Coupon | 9/1/2037 | A | 7,720 | 3,796,387 | |||||||||||
Eagle Co Arpt AMT | 5.00 | % | 5/1/2033 | Baa2 | 2,430 | 2,857,267 | ||||||||||
Eagle Co Arpt AMT | 5.00 | % | 5/1/2037 | Baa2 | 1,000 | 1,164,750 | ||||||||||
Eagle Co Arpt AMT | 5.00 | % | 5/1/2041 | Baa2 | 3,000 | 3,461,010 | ||||||||||
FL Tpk Auth - Dept Trans | 5.00 | % | 7/1/2034 | AA | 500 | 526,980 | ||||||||||
Foothill / Eastern Corridor Toll Rd | Zero Coupon | 1/15/2033 | A- | 5,000 | 3,399,400 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
Foothill/Eastern Corridor Toll Rd | 3.50 | % | 1/15/2053 | A- | $ | 12,500 | $ | 13,033,250 | ||||||||
Foothill/Eastern Corridor Toll Rd | 5.75 | % | 1/15/2046 | A- | 875 | 1,006,023 | ||||||||||
Foothill/Eastern Corridor Toll Rd | 6.00 | % | 1/15/2049 | A- | 9,000 | 10,814,040 | ||||||||||
Foothill/Eastern Corridor Toll Rd | 6.00 | % | 1/15/2053 | A- | 8,000 | 9,612,480 | ||||||||||
Greater Orlando Aviation AMT | 4.00 | % | 10/1/2044 | AA- | 7,500 | 8,296,575 | ||||||||||
Greater Orlando Aviation AMT | 4.00 | % | 10/1/2052 | A1 | 7,500 | 8,057,775 | ||||||||||
Hampton Roads Trans Commn | 5.50 | % | 7/1/2057 | Aa2 | 7,500 | 9,257,625 | ||||||||||
Harris Co Toll Rd (The) | 4.00 | % | 8/15/2048 | Aa2 | 500 | 553,445 | ||||||||||
HI Airport Sys | 5.00 | % | 7/1/2034 | AA- | 3,000 | 3,052,140 | ||||||||||
HI Airport Sys AMT | 5.00 | % | 7/1/2041 | AA- | 5,000 | 5,717,450 | ||||||||||
HI Airport Sys AMT | 5.00 | % | 7/1/2048 | AA- | 11,905 | 14,127,306 | ||||||||||
Houston Arpt - Continental Airlines AMT | 5.00 | % | 7/15/2035 | BB | 4,000 | 4,494,400 | ||||||||||
Houston Arpt - Continental Airlines AMT | 6.625 | % | 7/15/2038 | BB | 2,500 | 2,657,700 | ||||||||||
IL State GO | 5.00 | % | 11/1/2027 | BBB- | 5,000 | 5,791,400 | ||||||||||
Kansas City IDA - Kansas City Intl Airport AMT | 5.00 | % | 3/1/2054 | A | 13,835 | 16,335,676 | ||||||||||
Lee Co Arpt AMT | 5.375 | % | 10/1/2032 | A | 3,695 | 3,914,779 | ||||||||||
Los Angeles Dept Arpts - LAX | 5.00 | % | 5/15/2035 | AA- | 710 | 720,118 | ||||||||||
Los Angeles Dept Arpts - LAX AMT | 5.00 | % | 5/15/2041 | AA | 4,000 | 4,581,880 | ||||||||||
MA Port Auth AMT | 4.00 | % | 7/1/2046 | AA | 5,465 | 5,865,803 | ||||||||||
MA Port Auth AMT | 5.00 | % | 7/1/2040 | AA | 1,500 | 1,721,535 | ||||||||||
MA Port Auth AMT | 5.00 | % | 7/1/2045 | AA | 3,315 | 3,779,001 | ||||||||||
MD EDC - Ports America Chesapeake AMT | 5.00 | % | 6/1/2044 | Baa3 | 375 | 446,831 | ||||||||||
MD EDC - Ports America Chesapeake AMT | 5.00 | % | 6/1/2049 | Baa3 | 750 | 888,743 | ||||||||||
MD Trans - Baltimore Intl Arpt AMT | 3.00 | % | 6/1/2036 | A+ | 7,310 | 7,495,820 | ||||||||||
Met Airpt Auth - Dulles Metrorail | 4.00 | % | 10/1/2049 | A- | 3,500 | 3,831,205 | ||||||||||
Met Airpt Auth - Dulles Metrorail | 4.00 | % | 10/1/2053 | A- | 6,250 | 6,818,875 | ||||||||||
Met DC Arpt | 5.00 | % | 10/1/2035 | AA- | 255 | 262,387 | ||||||||||
Met DC Arpt AMT | 5.00 | % | 10/1/2027 | AA- | 3,250 | 3,764,475 | ||||||||||
Met DC Arpt AMT | 5.00 | % | 10/1/2028 | AA- | 2,000 | 2,254,480 | ||||||||||
Met DC Arpt AMT | 5.00 | % | 10/1/2035 | AA- | 4,525 | 5,347,192 | ||||||||||
Met Nashville Arpt Auth | 4.00 | % | 7/1/2049 | A2 | 5,000 | 5,515,600 | ||||||||||
Met Nashville Arpt Auth AMT | 4.00 | % | 7/1/2054 | A2 | 3,000 | 3,294,750 | ||||||||||
Miami Dade Co - Rickenbacker Cswy | 5.00 | % | 10/1/2029 | A- | 500 | 572,815 | ||||||||||
Miami Dade Co - Rickenbacker Cswy | 5.00 | % | 10/1/2030 | A- | 550 | 628,117 | ||||||||||
Miami Dade Co - Rickenbacker Cswy | 5.00 | % | 10/1/2032 | A- | 1,160 | 1,320,695 | ||||||||||
Miami Dade Co Aviation - MIA AMT | 5.00 | % | 10/1/2028 | A | 4,435 | 5,104,108 | ||||||||||
Miami Dade Co Aviation - MIA AMT | 5.00 | % | 10/1/2029 | A | 2,500 | 2,868,550 | ||||||||||
Miami Dade Co Expwy Auth | 5.00 | % | 7/1/2027 | A | 160 | 183,114 | ||||||||||
Miami Dade Co Expwy Auth | 5.00 | % | 7/1/2028 | A | 515 | 588,676 | ||||||||||
Mid Bay Bridge Auth | 7.25 | % | 10/1/2034 | AAApr | 5,900 | 6,508,821 | ||||||||||
Minneapolis / St Paul Met Arpts | 5.00 | % | 1/1/2027 | A+ | 575 | 659,738 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
Minneapolis / St Paul Met Arpts | 5.00 | % | 1/1/2031 | A+ | $ | 2,000 | $ | 2,271,280 | ||||||||
MTA NY | 4.00 | % | 11/15/2046 | A1 | 4,000 | 4,390,760 | ||||||||||
MTA NY | 5.00 | % | 11/15/2030 | A1 | 5,095 | 5,611,990 | ||||||||||
NC Tpk Auth - Triangle Exprs | 4.00 | % | 1/1/2055 | AA | 4,000 | 4,400,520 | ||||||||||
NC Tpk Auth - Triangle Exprs | 5.00 | % | 1/1/2032 | BBB | 1,350 | 1,606,770 | ||||||||||
NC Tpk Auth - Triangle Exprs (AGM) | 4.00 | % | 1/1/2037 | AA | 14,255 | 16,097,316 | ||||||||||
NC Tpk Auth - Triangle Exprs (AGM) | 4.00 | % | 1/1/2038 | AA | 1,000 | 1,124,440 | ||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2025 | A3 | 2,750 | 3,130,242 | ||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2026 | A3 | 1,000 | 1,134,740 | ||||||||||
NJ Tpk Auth | 4.00 | % | 1/1/2043 | NR | 5,555 | 6,233,877 | ||||||||||
NJ Trans Trust Fund | 6.00 | % | 6/15/2035 | BBB+ | 5,305 | 5,673,910 | ||||||||||
North TX Twy Auth | 5.00 | % | 1/1/2031 | A | 250 | 282,075 | ||||||||||
North TX Twy Auth | 5.00 | % | 1/1/2040 | A+ | 4,350 | 4,762,119 | ||||||||||
North TX Twy Auth | 5.00 | % | 1/1/2048 | A | 5,000 | 5,902,400 | ||||||||||
NY Trans Dev Corp - Delta AMT | 4.00 | % | 1/1/2036 | Baa3 | 3,100 | 3,379,527 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2033 | Baa3 | 5,000 | 6,000,400 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2034 | Baa3 | 2,700 | 3,233,628 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2036 | Baa3 | 2,250 | 2,677,455 | ||||||||||
NY Trans Dev Corp - LaGuardia Airport AMT | 5.00 | % | 7/1/2046 | Baa3 | 4,850 | 5,393,248 | ||||||||||
NY Trans Dev Corp - LaGuardia Airport AMT | 5.25 | % | 1/1/2050 | Baa3 | 14,210 | 15,924,436 | ||||||||||
NY Twy Auth (AGM) | 4.00 | % | 1/1/2051 | AA | 2,725 | 2,922,644 | ||||||||||
OK St Turnpike Auth | 4.00 | % | 1/1/2048 | AA- | 5,750 | 6,317,467 | ||||||||||
Osceola Parkway(e) | 4.00 | % | 10/1/2054 | BBB+ | 9,300 | 10,063,344 | ||||||||||
PA Tpk Commn | 4.00 | % | 12/1/2038 | A3 | 3,425 | 3,747,361 | ||||||||||
PA Tpk Commn | 4.00 | % | 12/1/2049 | A3 | 3,500 | 3,813,425 | ||||||||||
PA Tpk Commn | 5.00 | % | 6/1/2029 | A3 | 9,000 | 10,629,900 | ||||||||||
PA Tpk Commn | 5.00 | % | 12/1/2039 | A+ | 750 | 854,115 | ||||||||||
PA Tpk Commn | 5.00 | % | 12/1/2044 | A3 | 2,500 | 2,991,500 | ||||||||||
Philadelphia Airport AMT | 5.00 | % | 7/1/2042 | A | 4,440 | 5,196,576 | ||||||||||
Phoenix Arpt | 4.00 | % | 7/1/2037 | A+ | 8,000 | 8,985,520 | ||||||||||
Phoenix Arpt | 4.00 | % | 7/1/2044 | A+ | 2,000 | 2,205,080 | ||||||||||
Port Auth NY & NJ | 4.00 | % | 9/1/2043 | AA- | 2,000 | 2,251,300 | ||||||||||
Port Auth NY & NJ | 5.25 | % | 10/15/2055 | AA- | 3,675 | 4,357,227 | ||||||||||
Port Auth NY & NJ - JFK IAT CR (AGM) | 6.00 | % | 12/1/2042 | AA | 1,875 | 1,954,538 | ||||||||||
Port Auth NY & NJ AMT | 4.00 | % | 11/1/2059 | AA- | 3,030 | 3,307,639 | ||||||||||
Port Oakland AMT | 5.00 | % | 5/1/2028 | A+ | 2,350 | 2,461,790 | ||||||||||
Port of Portland - Portland Intl Arpt AMT | 5.00 | % | 7/1/2039 | AA- | 2,000 | 2,246,440 | ||||||||||
PR Hwy & Trans Auth(b) | 4.00 | % | 7/1/2017 | NR | 240 | 110,400 | ||||||||||
PR Hwy & Trans Auth (AGM) | 5.25 | % | 7/1/2032 | AA | 2,000 | 2,264,380 | ||||||||||
PR Hwy & Trans Auth (AGM) | 5.50 | % | 7/1/2025 | AA | 2,000 | 2,229,000 | ||||||||||
Regional Trans Dist COP | 5.375 | % | 6/1/2031 | AA- | 5,685 | 5,777,665 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
Sacramento Co Arpt | 5.00 | % | 7/1/2041 | A | $ | 8,000 | $ | 9,459,120 | ||||||||
San Antonio Arpt (AGM) | 5.00 | % | 7/1/2026 | AA | 495 | 504,469 | ||||||||||
San Antonio Arpt AMT | 5.00 | % | 7/1/2045 | A+ | 8,435 | 9,554,999 | ||||||||||
San Diego Arpt AMT | 4.00 | % | 7/1/2044 | A | 800 | 887,672 | ||||||||||
San Francisco Arpt AMT | 4.00 | % | 5/1/2049 | A+ | 1,500 | 1,658,010 | ||||||||||
San Francisco Arpt AMT | 5.00 | % | 5/1/2025 | A+ | 5,000 | 5,260,300 | ||||||||||
San Francisco Arpt AMT | 5.25 | % | 5/1/2033 | A+ | 7,000 | 7,868,000 | ||||||||||
San Joaquin Hills Trsp Corridor | 5.00 | % | 1/15/2050 | A- | 11,250 | 12,724,425 | ||||||||||
San Jose Arpt | 5.00 | % | 3/1/2047 | A | 750 | 898,200 | ||||||||||
San Jose Arpt AMT | 5.00 | % | 3/1/2047 | A | 2,800 | 3,275,916 | ||||||||||
San Jose Arpt AMT | 6.25 | % | 3/1/2034 | A | 5,000 | 5,283,550 | ||||||||||
SC St Port Auth AMT | 5.00 | % | 7/1/2044 | A+ | 5,000 | 6,011,000 | ||||||||||
South Caroliina Ports AMT | 5.25 | % | 7/1/2055 | A+ | 4,235 | 5,094,366 | ||||||||||
South Carolina Ports AMT | 5.25 | % | 7/1/2055 | A1 | 880 | 1,058,570 | ||||||||||
TX Surface Trans Corp - NTE Seg 3C AMT | 5.00 | % | 6/30/2058 | Baa3 | 25,185 | 29,388,880 | ||||||||||
TX Trans Comm - Hwy 249 | Zero Coupon | 8/1/2040 | Baa3 | 2,150 | 927,403 | |||||||||||
TX Trans Comm - Hwy 249 | Zero Coupon | 8/1/2042 | Baa3 | 2,500 | 962,400 | |||||||||||
TX Trans Comm - Hwy 249 | Zero Coupon | 8/1/2046 | Baa3 | 1,000 | 309,640 | |||||||||||
TX Trans Comm - Hwy 249 | 5.00 | % | 8/1/2057 | Baa3 | 2,625 | 3,058,073 | ||||||||||
VA Small Bus Fing - 95 Express Lanes AMT | 5.00 | % | 7/1/2034 | BBB | 1,525 | 1,623,591 | ||||||||||
VA Small Bus Fing - Elizabeth River AMT | 5.25 | % | 1/1/2032 | BBB | 6,100 | 6,617,341 | ||||||||||
VA Small Bus Fing - Elizabeth River AMT | 6.00 | % | 1/1/2037 | BBB | 1,230 | 1,355,780 | ||||||||||
Wayne Co Arpt AMT | 5.00 | % | 12/1/2039 | A | 1,700 | 1,924,468 | ||||||||||
Wayne Co Arpt AMT | 5.00 | % | 12/1/2042 | A2 | 1,200 | 1,411,812 | ||||||||||
WV Parkways Auth | 4.00 | % | 6/1/2047 | AA- | 5,235 | 5,759,233 | ||||||||||
Total | 669,187,293 | |||||||||||||||
Utilities 11.36% | ||||||||||||||||
Adelanto Util Sys (AGM) | 5.00 | % | 7/1/2039 | AA | 1,500 | 1,817,310 | ||||||||||
Baltimore Wastewater | 5.00 | % | 7/1/2039 | AA- | 4,750 | 5,472,380 | ||||||||||
Baltimore Water | 4.00 | % | 7/1/2049 | AA- | 5,850 | 6,516,432 | ||||||||||
Baltimore Water | 5.00 | % | 7/1/2032 | A+ | 2,435 | 2,827,278 | ||||||||||
Baltimore Water | 5.00 | % | 7/1/2046 | A+ | 10,000 | 11,693,900 | ||||||||||
Burke Co Dev - Oglethorpe Power | 4.125 | % | 11/1/2045 | BBB+ | 2,040 | 2,171,417 | ||||||||||
CA Poll Ctl - Poseidon Res† | 5.00 | % | 11/21/2045 | Baa3 | 2,750 | 3,254,515 | ||||||||||
Campbell Co Solid Wste - Basin Elec | 3.625 | % | 7/15/2039 | A | 11,270 | 12,027,795 | ||||||||||
Casitas Muni Water Dist (BAM) | 5.25 | % | 9/1/2047 | AA | 500 | 607,190 | ||||||||||
Central Plains - Goldman Sachs | 5.00 | % | 9/1/2032 | A3 | 5,525 | 5,974,735 | ||||||||||
Central Plains - Goldman Sachs | 5.00 | % | 9/1/2042 | BBB+ | 11,040 | 15,099,850 | ||||||||||
Central Plains - Goldman Sachs | 5.25 | % | 9/1/2037 | A3 | 9,025 | 9,817,936 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Utilities (continued) | ||||||||||||||||
Chicago Water | 5.00 | % | 11/1/2029 | A | $ | 4,560 | $ | 5,462,378 | ||||||||
Chicago Water | 5.00 | % | 11/1/2036 | A | 1,775 | 2,080,673 | ||||||||||
Chicago Water | 5.00 | % | 11/1/2039 | A | 3,455 | 3,854,778 | ||||||||||
Chicago Water (AGM) | 5.00 | % | 11/1/2036 | AA | 3,000 | 3,539,940 | ||||||||||
Chicago Water (AGM) | 5.00 | % | 11/1/2037 | AA | 2,500 | 2,939,675 | ||||||||||
Chula Vista IDR - San Diego G & E Rmkt | 5.875 | % | 1/1/2034 | A | 2,125 | 2,133,309 | ||||||||||
CO Public Auth - ML | 6.50 | % | 11/15/2038 | A2 | 4,270 | 6,491,040 | ||||||||||
Compton Water | 6.00 | % | 8/1/2039 | NR | 5,500 | 5,516,060 | ||||||||||
DE EDA - NRG Energy | 5.375 | % | 10/1/2045 | Baa2 | 9,000 | 9,221,580 | ||||||||||
Detroit Sewer | 5.00 | % | 7/1/2034 | A | 1,980 | 2,289,989 | ||||||||||
El Dorado Irrigation Dist (AGM) | 5.00 | % | 3/1/2034 | AA | 4,000 | 4,571,800 | ||||||||||
GA Muni Elec Auth - MEAG | 4.00 | % | 1/1/2049 | BBB+ | 5,000 | 5,322,400 | ||||||||||
GA Muni Elec Auth - MEAG | 5.00 | % | 1/1/2048 | BBB+ | 5,000 | 5,779,100 | ||||||||||
GA Muni Elec Auth - MEAG | 5.00 | % | 1/1/2056 | A | 2,200 | 2,536,314 | ||||||||||
GA Muni Elec Auth - MEAG | 5.00 | % | 1/1/2059 | BBB+ | 2,000 | 2,276,740 | ||||||||||
Gainesville Utility | 5.25 | % | 10/1/2034 | AA- | 150 | 154,430 | ||||||||||
HI Dept Budget - Hawaiian Electric | 3.20 | % | 7/1/2039 | Baa2 | 16,340 | 16,618,924 | ||||||||||
HI Dept Budget - Hawaiian Electric AMT | 3.10 | % | 5/1/2026 | Baa2 | 6,235 | 6,554,544 | ||||||||||
Jefferson Co Sewer | Zero Coupon | 10/1/2039 | BBB | 350 | 339,965 | |||||||||||
Jefferson Co Sewer | 6.50 | % | 10/1/2053 | BBB | 2,000 | 2,386,600 | ||||||||||
Jefferson Co Sewer (AGM) | Zero Coupon | 10/1/2026 | AA | 1,000 | 816,080 | |||||||||||
Jefferson Co Sewer (AGM) | Zero Coupon | 10/1/2027 | AA | 4,875 | 3,722,550 | |||||||||||
Jefferson Co Sewer (AGM) | 5.50 | % | 10/1/2053 | AA | 3,555 | 4,060,699 | ||||||||||
KY Muni Pwr - Prairie State Proj | 4.00 | % | 9/1/2045 | Baa1 | 8,605 | 9,135,756 | ||||||||||
KY Muni Pwr Auth (NPFGC)(FGIC) | 5.00 | % | 9/1/2035 | Baa1 | 5,000 | 5,804,700 | ||||||||||
KY Muni Pwr Auth (NPFGC)(FGIC) | 5.00 | % | 9/1/2036 | Baa1 | 5,000 | 5,775,200 | ||||||||||
Lansing Brd Wtr & Light | 5.00 | % | 7/1/2030 | AA- | 4,735 | 5,001,438 | ||||||||||
Long Beach Nat Gas - ML | 5.50 | % | 11/15/2037 | A2 | 7,220 | 10,205,687 | ||||||||||
Louisville/Jeff CO Met Swr Dist | 3.25 | % | 5/15/2046 | Aa3 | 2,450 | 2,473,177 | ||||||||||
Louisville/Jeff Co Met Swr Dist | 5.00 | % | 5/15/2028 | AA | 9,710 | 10,390,574 | ||||||||||
Lower Colo Riv Auth - Transmn Contract | 5.00 | % | 5/15/2040 | A | 2,970 | 3,414,282 | ||||||||||
Maricopa Cnty Poll Cntrl - El Paso Elec | 3.60 | % | 2/1/2040 | BBB | 5,085 | 5,349,522 | ||||||||||
Maricopa Cnty Poll Cntrl - El Paso Elec | 3.60 | % | 4/1/2040 | BBB | 3,260 | 3,430,726 | ||||||||||
New Orleans Water | 5.00 | % | 12/1/2034 | A- | 1,000 | 1,131,480 | ||||||||||
Norfolk Water | 5.25 | % | 11/1/2028 | AA+ | 1,000 | 1,226,430 | ||||||||||
North Sumter Co Util Dep Dist | 5.375 | % | 10/1/2030 | AA- | 5,240 | 5,403,960 | ||||||||||
NYC Muni Water | 5.00 | % | 6/15/2036 | AA+ | 500 | 574,040 | ||||||||||
Omaha Pub Pwr Dist | 5.25 | % | 2/1/2042 | A+ | 4,000 | 4,605,440 | ||||||||||
Paducah Electric (AGM) | 5.00 | % | 10/1/2033 | AA | 1,000 | 1,172,950 | ||||||||||
Paducah Electric (AGM) | 5.00 | % | 10/1/2034 | AA | 1,000 | 1,167,250 | ||||||||||
Paducah Electric (AGM) | 5.00 | % | 10/1/2035 | AA | 1,000 | 1,161,210 | ||||||||||
Philadelphia Gas Works | 5.00 | % | 8/1/2029 | A | 2,000 | 2,353,000 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Utilities (continued) | ||||||||||||||||
Philadelphia Gas Works | 5.00 | % | 8/1/2030 | A | $ | 1,500 | $ | 1,758,345 | ||||||||
Philadelphia Water & Wastewater | 5.00 | % | 7/1/2030 | A+ | 3,355 | 3,935,449 | ||||||||||
Philadelphia Water & Wastewater | 5.25 | % | 10/1/2052 | A+ | 6,610 | 7,918,648 | ||||||||||
Pima CO IDA - Tucson Elec | 4.00 | % | 9/1/2029 | A- | 5,040 | 5,323,601 | ||||||||||
PR Aqueduct & Swr Auth | 5.25 | % | 7/1/2042 | Ca | 3,240 | 3,378,510 | ||||||||||
PR Aqueduct & Swr Auth | 5.75 | % | 7/1/2037 | Ca | 3,080 | 3,257,870 | ||||||||||
PR Elec Pwr Auth(b) | 2.106 (3 Mo. LIBOR * .67 + .70 | % %)# | 7/1/2031 | NR | 4,000 | 2,790,000 | ||||||||||
PR Elec Pwr Auth(b) | 5.00 | % | 7/1/2028 | NR | 270 | 205,200 | ||||||||||
PR Elec Pwr Auth(b) | 5.25 | % | 7/1/2028 | NR | 880 | 671,000 | ||||||||||
PR Elec Pwr Auth (AGC) | 4.25 | % | 7/1/2027 | AA | 280 | 280,588 | ||||||||||
Prichard Wtr & Swr | 4.00 | % | 11/1/2044 | BBB+ | 1,000 | 1,052,190 | ||||||||||
Prichard Wtr & Swr | 4.00 | % | 11/1/2049 | BBB+ | 3,000 | 3,128,790 | ||||||||||
Salt Verde Fin Corp - Citi | 5.00 | % | 12/1/2032 | A3 | 3,465 | 4,474,562 | ||||||||||
Salt Verde Fin Corp - Citi | 5.00 | % | 12/1/2037 | A3 | 14,045 | 18,785,890 | ||||||||||
Salt Verde Fin Corp - Citi | 5.25 | % | 12/1/2027 | A3 | 3,685 | 4,549,722 | ||||||||||
Southern CA Pub Pwr Auth - Goldman Sachs | 2.75 (3 Mo. LIBOR * .67 + 1.47 | % %)# | 11/1/2038 | A3 | 3,090 | 2,987,721 | ||||||||||
Southern CA Pub Pwr Auth - Goldman Sachs | 5.00 | % | 11/1/2033 | A3 | 1,490 | 1,944,271 | ||||||||||
TEAC - Goldman Sachs | 5.625 | % | 9/1/2026 | BBB | (d) | 3,000 | 3,660,270 | |||||||||
Texas Water Dev Brd | 4.00 | % | 10/15/2037 | AAA | 7,760 | 8,897,694 | ||||||||||
Trimble Env Facs - Louisville Gas & Elec | 3.75 | % | 6/1/2033 | A1 | 12,500 | 13,433,625 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2025 | A3 | 950 | 1,046,719 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2028 | A3 | 4,445 | 4,869,675 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2029 | A3 | 9,965 | 10,895,332 | ||||||||||
Total | 364,972,800 | |||||||||||||||
Total Municipal Bonds (cost $2,997,696,395) | 3,185,084,600 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Investments | Interest Rate# | Interest Rate Reset Date(g) | Final Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | ||||||||||||
SHORT-TERM INVESTMENTS 1.11% | ||||||||||||||||||
Variable Rate Demand Notes 1.11% | ||||||||||||||||||
Housing 0.08% | ||||||||||||||||||
IN Hsg & Cmnty Dev - SF Mtge Rev (GNMA) | 1.75 | % | 12/31/2019 | 7/1/2047 | Aaa | $ | 2,500 | $ | 2,500,000 | |||||||||
Special Tax 0.08% | ||||||||||||||||||
NYC TFA - Future Tax | 1.67 | % | 12/31/2019 | 8/1/2042 | AAA | 2,400 | 2,400,000 | |||||||||||
Tax Revenue 0.70% | ||||||||||||||||||
NYC TFA - Future Tax | 1.65 | % | 12/31/2019 | 11/1/2044 | AAA | 16,310 | 16,310,000 | |||||||||||
NYC TFA - Future Tax | 1.65 | % | 12/31/2019 | 5/1/2034 | AAA | 4,585 | 4,585,000 | |||||||||||
NYC TFA - Future Tax | 1.70 | % | 1/1/2020 | 11/1/2022 | AAA | 1,720 | 1,720,000 | |||||||||||
Total | 22,615,000 | |||||||||||||||||
Utilities 0.25% | ||||||||||||||||||
NYC Wtr & Swr | 1.66 | % | 12/31/2019 | 6/15/2045 | AAA | 8,100 | 8,100,000 | |||||||||||
Total Short-Term Investments (cost $35,615,000) | 35,615,000 | |||||||||||||||||
Total Investments in Securities 100.25% (cost $3,033,311,395) | 3,220,699,600 | |||||||||||||||||
Liabilities in Excess of Cash and Other Assets(h) (0.25%) | (7,939,912 | ) | ||||||||||||||||
Net Assets 100.00% | $ | 3,212,759,688 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
AGC | Insured by - Assured Guarantee Corp. |
AGM | Insured by - Assured Guaranty Municipal Corporation. |
AMBAC | Insured by - AMBAC Assurance Corporation. |
AMT | Income from the security may be subject to Alternative Minimum Tax. |
BAM | Insured by - Build America Mutual. |
COP | Certificates of Participation. |
CPI | Consumer Price Index: Rate fluctuate based on CPI. |
FGIC | Insured by - Financial Guaranty Insurance Company. |
GNMA | Government National Mortgage Association. |
GTD | Guaranteed. |
LIBOR | London Interbank Offered Rate. |
MUNIPSA | SIFMA Municipal Swap Index Yield. |
NPFGC | Insured by - National Public Finance Guarantee Corporation. |
NR | Not Rated. |
SIFMA | Insured by - Securities Industry and Financial Markets Association. |
TCRS | Transferable Custodial Receipt. |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At December 31, 2019, the total value of Rule 144A securities was $88,145,621, which represents 2.74% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at December 31, 2019. |
~ | Deferred interest debentures pay no interest for a stipulated number of years, after which they pay a predetermined interest rate. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed until designated future date. |
(b) | Defaulted (non-income producing security). |
(c) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments. |
(d) | This investment has been rated by Fitch IBCA. |
(e) | Securities purchased on a when-issued basis. |
(f) | Municipal Bonds Held in Trust - Securities represent underlying bonds transferred to a separate securitization trust established in a tender option bond transaction in which the Fund acquired the residual interest certificates. These securities serve as collateral in a financing transaction. |
(g) | The interest rate reset date shown represents the date in which the Fund has the right to sell a Variable Rate Demand Note (“VRDN”) back to the issuer for Principal Amount. The interest rate on the VRDN is generally reset daily based on the SIFMA Municipal Swap Index. |
(h) | Liabilities in Excess of Cash and Other Assets include net unrealized appreciation on open futures contracts. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND December 31, 2019
Open Futures Contracts at December 31, 2019:
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Appreciation | ||||||||||||
U.S. Long Bond | March 2020 | 432 | Short | $ | (68,685,857 | ) | $ | (67,351,500 | ) | $ | 1,334,357 |
The following is a summary of the inputs used as of December 31, 2019 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments | ||||||||||||||||
Municipal Bonds | ||||||||||||||||
Corporate-Backed | $ | — | $ | 182,675,815 | $ | 2,842,000 | $ | 185,517,815 | ||||||||
Housing | — | 116,072,054 | 1,238,178 | 117,310,232 | ||||||||||||
Lease Obligations | — | 233,729,205 | 247,520 | 233,976,725 | ||||||||||||
Special Tax | — | 66,132,123 | 550,000 | 66,682,123 | ||||||||||||
Remaining Industries | — | 2,581,597,705 | — | 2,581,597,705 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Variable Rate Demand Notes | — | 35,615,000 | — | 35,615,000 | ||||||||||||
Total | $ | — | $ | 3,215,821,902 | $ | 4,877,698 | $ | 3,220,699,600 | ||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts | ||||||||||||||||
Assets | $ | 1,334,357 | $ | — | $ | — | $ | 1,334,357 | ||||||||
Liabilities | — | — | — | — | ||||||||||||
Total | $ | 1,334,357 | $ | — | $ | — | $ | 1,334,357 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. Each level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
The following is a reconciliation of investments with unobservable inputs (Level 3) that were used in determining fair value:
Investment Type | Municipal Bonds | |||
Balance as of October 1, 2019 | $ | 5,688,873 | ||
Accrued Discounts (Premiums) | 30 | |||
Realized Gain (Loss) | — | |||
Change in Unrealized Appreciation (Depreciation) | (27,474 | ) | ||
Purchases | — | |||
Sales | — | |||
Transfers into Level 3 | 1,265,622 | |||
Transfers out of Level 3 | (2,049,353 | ) | ||
Balance as of December 31, 2019 | $ | 4,877,698 | ||
Change in unrealized appreciation/depreciation for the period ended December 31, 2019, related to Level 3 investments held at December 31, 2019 | $ | (27,474 | ) |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
MUNICIPAL BONDS 98.59% | ||||||||||||||||
Corporate-Backed 10.97% | ||||||||||||||||
Allegheny Co IDA - US Steel | 4.875 | % | 11/1/2024 | B | $ | 1,800 | $ | 1,880,478 | ||||||||
Allegheny Co IDA - US Steel | 6.55 | % | 12/1/2027 | B | 1,115 | 1,166,134 | ||||||||||
AR DFA- Big River Steel AMT† | 4.50 | % | 9/1/2049 | B | 36,000 | 38,319,840 | ||||||||||
Arista Met District | 5.125 | % | 12/1/2048 | NR | 3,500 | 3,753,330 | ||||||||||
Beauregard Parish - Office Max | 6.80 | % | 2/1/2027 | B1 | 5,000 | 5,072,400 | ||||||||||
Brooklyn Arena LDC - Barclays Ctr | Zero Coupon | 7/15/2044 | Ba1 | 2,000 | 805,100 | |||||||||||
Build NYC Res Corp - Pratt Paper AMT† | 5.00 | % | 1/1/2035 | NR | 1,450 | 1,593,028 | ||||||||||
CA Poll Ctl - Poseidon Res AMT† | 5.00 | % | 11/21/2045 | Baa3 | 9,000 | 9,701,730 | ||||||||||
Cleveland Arpt - Continental Airlines AMT | 5.375 | % | 9/15/2027 | BB | 15,240 | 15,283,434 | ||||||||||
Downtown Doral CDD† | 4.75 | % | 12/15/2038 | NR | 625 | 674,838 | ||||||||||
Downtown Doral CDD† | 5.00 | % | 12/15/2048 | NR | 1,500 | 1,617,855 | ||||||||||
FL DFC - Waste Pro AMT† | 5.00 | % | 5/1/2029 | NR | 3,300 | 3,653,925 | ||||||||||
Fort Bend IDC - NRG Energy | 4.75 | % | 11/1/2042 | Baa2 | 3,565 | 3,754,373 | ||||||||||
Hoover IDA - US Steel AMT | 5.75 | % | 10/1/2049 | B | 11,900 | 13,062,154 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co | 5.25 | % | 12/1/2025 | B+ | 24,910 | 27,574,124 | ||||||||||
MD EDC - Chesapeake Bay Hyatt(a) | 5.00 | % | 12/1/2016 | NR | 3,430 | 2,212,350 | ||||||||||
Mission Econ Dev Corp - Natgasoline AMT† | 4.625 | % | 10/1/2031 | BB- | 10,000 | 10,813,500 | ||||||||||
NH National Fin Auth - Covanta AMT† | 4.875 | % | 11/1/2042 | B1 | 12,000 | 12,716,640 | ||||||||||
Niagara Area Dev Corp - Covanta AMT† | 4.75 | % | 11/1/2042 | B1 | 10,500 | 11,083,800 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.125 | % | 9/15/2023 | BB | 5,125 | 5,497,382 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.25 | % | 9/15/2029 | BB | 9,460 | 10,300,048 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.50 | % | 4/1/2028 | BB | 5,965 | 5,980,628 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.50 | % | 6/1/2033 | BB | 1,885 | 2,096,535 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.625 | % | 11/15/2030 | BB | 2,600 | 2,974,842 | ||||||||||
NY Liberty Dev Corp - 3 WTC† | 5.00 | % | 11/15/2044 | NR | 35,725 | 39,516,137 | ||||||||||
NYC IDA - TRIPS AMT | 5.00 | % | 7/1/2028 | BBB+ | 6,135 | 6,584,511 | ||||||||||
OH Air Dev Auth - OVEC | 3.25 | % | 9/1/2029 | BB+ | 8,500 | 8,786,365 | ||||||||||
OH Air Quality - AMG Vanadium AMT† | 5.00 | % | 7/1/2049 | B | 30,290 | 33,469,541 | ||||||||||
OH Air Quality - Pratt Paper AMT† | 4.25 | % | 1/15/2038 | NR | 1,250 | 1,348,750 | ||||||||||
OH Air Quality - Pratt Paper AMT† | 4.50 | % | 1/15/2048 | NR | 13,500 | 14,595,255 | ||||||||||
PA Dev Fin Auth - Covanta AMT† | 3.25 | % | 8/1/2039 | B | 6,980 | 6,988,725 | ||||||||||
PA Econ Dev - Natl Gypsum AMT | 5.50 | % | 11/1/2044 | NR | 1,000 | 1,065,650 | ||||||||||
PA Econ Dev - US Airways | 8.00 | % | 5/1/2029 | BB- | 2,460 | 2,509,225 | ||||||||||
Port Seattle IDC - Delta Airlines AMT | 5.00 | % | 4/1/2030 | BBB- | 1,000 | 1,089,450 | ||||||||||
Rumford Solid Waste - Office Max AMT | 6.875 | % | 10/1/2026 | B1 | 1,500 | 1,521,720 | ||||||||||
Tuscaloosa IDA - Hunt Refining† | 4.50 | % | 5/1/2032 | NR | 2,500 | 2,747,500 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Corporate-Backed (continued) | ||||||||||||||||
Tuscaloosa IDA - Hunt Refining† | 5.25 | % | 5/1/2044 | NR | $ | 32,515 | $ | 37,427,691 | ||||||||
VA Small Bus Fing - Covanta AMT† | 5.00 | %#(b) | 1/1/2048 | B | 3,150 | 3,342,465 | ||||||||||
Valparaiso Facs - Pratt Paper AMT(c) | 5.875 | % | 1/1/2024 | NR | 835 | 907,236 | ||||||||||
Valparaiso Facs - Pratt Paper AMT | 7.00 | % | 1/1/2044 | NR | 4,000 | 4,649,680 | ||||||||||
West Pace Coop Dist(a) | 9.125 | % | 5/1/2039 | NR | 13,770 | 7,986,600 | (d) | |||||||||
WI PFA - American Dream† | 6.75 | % | 12/1/2042 | NR | 1,000 | 1,182,650 | ||||||||||
WI PFA - Celanese AMT | 4.30 | % | 11/1/2030 | BBB | 3,365 | 3,670,004 | ||||||||||
WI PFA - Natl Gypsum AMT | 5.25 | % | 4/1/2030 | NR | 2,500 | 2,750,950 | ||||||||||
WI PFA - TRIPS AMT | 5.00 | % | 7/1/2042 | BBB+ | 8,000 | 8,490,080 | ||||||||||
WI Pub Fin Auth - Celanese AMT | 5.00 | % | 12/1/2025 | BBB | 1,950 | 2,235,909 | ||||||||||
Total | 384,454,562 | |||||||||||||||
Education 6.00% | ||||||||||||||||
AZ Edu Fac - Odyssey Prep† | 5.00 | % | 7/1/2049 | BB- | 2,000 | 2,098,020 | ||||||||||
AZ Edu Fac - Odyssey Prep† | 5.00 | % | 7/1/2054 | BB- | 5,000 | 5,228,700 | ||||||||||
AZ IDA - Academy of Math & Science Proj† | 5.625 | % | 7/1/2048 | BB | 2,235 | 2,533,328 | ||||||||||
AZ IDA - Academy of Math & Science Proj† | 5.75 | % | 7/1/2053 | BB | 3,000 | 3,403,620 | ||||||||||
AZ IDA - American Charter Sch† | 5.00 | % | 7/1/2022 | BB+ | 1,880 | 1,944,277 | ||||||||||
AZ IDA - Equitable School Fund | 4.00 | % | 11/1/2049 | A | 1,345 | 1,467,126 | ||||||||||
CA Muni Fin - Julian Chtr Sch† | 5.625 | % | 3/1/2045 | B+ | 11,500 | 11,949,650 | ||||||||||
CA Muni Fin - William Jessup U | 5.00 | % | 8/1/2039 | NR | 2,000 | 2,291,360 | ||||||||||
CA Muni Fin - William Jessup U | 5.00 | % | 8/1/2048 | NR | 6,350 | 7,168,896 | ||||||||||
Cap Trust Ed Facs - Advantage Charter Scho | 5.00 | % | 12/15/2049 | Baa3 | 1,000 | 1,079,840 | ||||||||||
Cap Trust Ed Facs - Advantage Charter Scho | 5.00 | % | 12/15/2054 | Baa3 | 705 | 757,085 | ||||||||||
Cap Trust Ed Facs - Renaissance Charter† | 5.00 | % | 6/15/2039 | NR | 1,950 | 2,057,582 | ||||||||||
Cap Trust Ed Facs - Renaissance Charter† | 5.00 | % | 6/15/2049 | NR | 9,815 | 10,293,972 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2044 | BB- | 1,000 | 1,119,580 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2046 | BB- | 2,500 | 2,792,450 | ||||||||||
Clifton Higher Ed - Intl Ldrshp Sch | 5.75 | % | 8/15/2045 | NR | 6,500 | 7,225,595 | ||||||||||
Columbus-Franklin Co Fin - Ohio Dominican U | 6.50 | % | 3/1/2048 | NR | 2,000 | 2,149,920 | ||||||||||
Columbus-Franklin Co Fin - Ohio Dominican U | 6.50 | % | 3/1/2053 | NR | 3,000 | 3,209,100 | ||||||||||
CT Ed Facs - Univ of Hartford | 4.00 | % | 7/1/2044 | BBB- | 3,605 | 3,856,413 | ||||||||||
CT Ed Facs - Univ of Hartford | 4.00 | % | 7/1/2049 | BBB- | 1,750 | 1,864,468 | ||||||||||
CT Hlth & Ed - Connecticut State Univ | 3.00 | % | 11/1/2035 | A1 | 3,100 | 3,174,400 | ||||||||||
Dutchess Co LDC - Anderson Ctr | 6.00 | % | 10/1/2030 | BB+ | 1,340 | 1,373,915 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Education (continued) | ||||||||||||||||
FL HI Ed - Jacksonville Univ† | 5.00 | % | 6/1/2048 | NR | $ | 6,400 | $ | 7,143,424 | ||||||||
FL HI Ed - Jacksonville Univ† | 5.00 | % | 6/1/2053 | NR | 6,500 | 7,204,860 | ||||||||||
FL Hi Ed - Saint Leo Univ | 5.00 | % | 3/1/2039 | BBB- | 2,250 | 2,555,798 | ||||||||||
FL Hi Ed - Saint Leo Univ | 5.00 | % | 3/1/2049 | BBB- | 4,480 | 5,009,402 | ||||||||||
Frederick Co Ed Fac - Mount St Mary’s Univ† | 5.00 | % | 9/1/2037 | BB+ | 1,500 | 1,697,295 | ||||||||||
Frederick Co Ed Fac - Mount St Mary’s Univ† | 5.00 | % | 9/1/2045 | BB+ | 9,645 | 10,760,348 | ||||||||||
Glenville Clg | 5.00 | % | 6/1/2037 | NR | 1,500 | 1,574,715 | ||||||||||
Glenville Clg | 5.25 | % | 6/1/2047 | NR | 4,050 | 4,268,173 | ||||||||||
Hlth & Ed Facs of Nashville Co-Lipscomb U | 5.25 | % | 10/1/2058 | BBB | 3,400 | 4,074,016 | ||||||||||
IL Fin Auth - IL Inst of Tech | 4.00 | % | 9/1/2041 | Baa3 | 2,740 | 2,897,934 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 4/1/2021 | Baa3 | 4,325 | 4,333,347 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 4/1/2023 | Baa3 | 4,000 | 4,007,720 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 4/1/2025 | Baa3 | 2,500 | 2,504,825 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 4/1/2031 | Baa3 | 4,450 | 4,458,588 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2038 | Baa3 | 2,885 | 3,386,009 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2040 | Baa3 | 1,500 | 1,750,950 | ||||||||||
Marietta Dev Auth - Life Univ† | 5.00 | % | 11/1/2037 | Ba3 | 5,250 | 5,903,415 | ||||||||||
Marietta Dev Auth - Life Univ† | 5.00 | % | 11/1/2047 | Ba3 | 5,500 | 6,092,130 | ||||||||||
NV Dept of Bus & Ind - Somerset† | 5.00 | % | 12/15/2048 | BB | 1,500 | 1,614,045 | ||||||||||
NY Dorm - Yeshiva Univ | 5.00 | % | 11/1/2031 | B3 | 1,505 | 1,573,417 | ||||||||||
Phoenix IDA - Basis Schs† | 5.00 | % | 7/1/2045 | BB | 2,500 | 2,678,225 | ||||||||||
Phoenix IDA - Basis Schs† | 5.00 | % | 7/1/2047 | BB | 1,325 | 1,442,263 | ||||||||||
Phoenix IDA - Basis Schs† | 5.00 | % | 7/1/2051 | BB | 3,080 | 3,342,077 | ||||||||||
Phoenix IDA - Legacy Tradtl Schs† | 5.00 | % | 7/1/2035 | Ba2 | 2,060 | 2,229,291 | ||||||||||
Pima IDA - American Leadership Acad† | 5.00 | % | 6/15/2047 | NR | 8,300 | 8,568,007 | ||||||||||
Pima IDA - American Leadership Acad† | 5.00 | % | 6/15/2052 | NR | 4,565 | 4,707,017 | ||||||||||
Tuscarawas Co Eco Dev - Ashland Univ | 6.00 | % | 3/1/2045 | NR | 5,000 | 5,327,450 | ||||||||||
Univ of Illinois (AGM) | 4.00 | % | 4/1/2037 | AA | 5,745 | 6,347,995 | ||||||||||
WI PFA - MN Clg of Osteopatic Med† | 5.50 | % | 12/1/2048 | NR | 82 | 82,164 | ||||||||||
WI PFA - Ultimate Medical Academy† | 5.00 | % | 10/1/2034 | BB | 3,750 | 4,228,237 | ||||||||||
WI PFA - Ultimate Medical Academy† | 5.00 | % | 10/1/2039 | BB | 3,250 | 3,632,103 | ||||||||||
WI PFA - Wingate Univ | 5.25 | % | 10/1/2043 | BBB | 2,000 | 2,307,560 | ||||||||||
WI PFA - Wingate Univ | 5.25 | % | 10/1/2048 | BBB | 3,000 | 3,444,450 | ||||||||||
Total | 210,186,547 | |||||||||||||||
Financial Services 0.18% | ||||||||||||||||
MA Ed Fin Auth AMT | 4.125 | % | 7/1/2046 | BBB | 5,915 | 6,315,150 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
General Obligation 8.68% | ||||||||||||||||
Allan Hancock CCD | 3.25 | % | 8/1/2044 | AA | $ | 2,415 | $ | 2,481,871 | ||||||||
American Samoa GO | 6.625 | % | 9/1/2035 | Ba3 | 2,000 | 2,139,220 | ||||||||||
American Samoa GO† | 7.125 | % | 9/1/2038 | Ba3 | 4,520 | 5,075,463 | ||||||||||
Bellwood GO | 5.875 | % | 12/1/2027 | A | 3,000 | 3,346,530 | ||||||||||
Bellwood GO | 6.15 | % | 12/1/2032 | A | 2,770 | 3,112,095 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2029 | BB- | 5,000 | 5,878,550 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2030 | BB- | 5,170 | 6,045,695 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2031 | BB- | 2,500 | 2,914,725 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2031 | BB- | 4,040 | 4,128,314 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2032 | BB- | 2,000 | 2,324,000 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2033 | BB- | 1,500 | 1,739,055 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2034 | BB- | 700 | 809,473 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2035 | BB- | 750 | 864,765 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2042 | BB- | 10,950 | 11,575,026 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2046 | BB- | 6,000 | 6,777,840 | ||||||||||
Chicago Brd Ed | 5.25 | % | 12/1/2035 | BB- | 7,165 | 7,928,001 | ||||||||||
Chicago Brd Ed | 5.25 | % | 12/1/2039 | BB- | 8,375 | 9,203,120 | ||||||||||
Chicago Brd Ed | 5.25 | % | 12/1/2041 | BB- | 16,315 | 17,036,449 | ||||||||||
Chicago Brd Ed | 5.50 | % | 12/1/2039 | BB- | 5,975 | 6,274,228 | ||||||||||
Chicago Brd Ed | 6.50 | % | 12/1/2046 | BB- | 4,900 | 5,903,030 | ||||||||||
Chicago Brd Ed† | 6.75 | % | 12/1/2030 | BB- | 1,000 | 1,285,800 | ||||||||||
Chicago Brd Ed | 7.00 | % | 12/1/2044 | BB- | 2,180 | 2,647,784 | ||||||||||
Chicago Brd Ed† | 7.00 | % | 12/1/2046 | BB- | 6,560 | 8,353,963 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2034 | BBB+ | 760 | 761,915 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2038 | BBB+ | 3,800 | 4,184,180 | ||||||||||
Chicago GO | 5.25 | % | 1/1/2028 | BBB+ | 2,630 | 2,911,357 | ||||||||||
Chicago GO | 5.25 | % | 1/1/2032 | BBB+ | 3,050 | 3,345,331 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2033 | BBB+ | 3,305 | 3,750,944 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2037 | BBB+ | 1,000 | 1,128,130 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2042 | BBB+ | 250 | 279,800 | ||||||||||
Chicago GO | 5.50 | % | 1/1/2049 | BBB+ | 17,175 | 20,267,702 | ||||||||||
Chicago GO | 6.00 | % | 1/1/2038 | BBB+ | 17,835 | 21,434,638 | ||||||||||
Chicago O’Hare Arpt AMT | 5.00 | % | 1/1/2052 | A | 5,000 | 5,741,550 | ||||||||||
CIC Met Dist 14 | 5.875 | % | 12/1/2046 | NR | 6,500 | 7,091,565 | ||||||||||
Eaton Area Pk & Rec Dist | 5.25 | % | 12/1/2034 | NR | 1,250 | 1,318,875 | ||||||||||
Eaton Area Pk & Rec Dist | 5.50 | % | 12/1/2030 | NR | 710 | 758,905 | ||||||||||
Essex Co Impt Auth - Covanta AMT† | 5.25 | % | 7/1/2045 | BB- | 5,000 | 5,087,750 | ||||||||||
IL State GO | 3.50 | % | 6/1/2029 | BBB- | 3,880 | 3,946,814 | ||||||||||
IL State GO | 4.00 | % | 1/1/2026 | BBB- | 2,790 | 2,861,954 | ||||||||||
IL State GO | 4.00 | % | 6/1/2037 | BBB- | 7,040 | 7,352,506 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
IL State GO | 4.50 | % | 11/1/2039 | BBB- | $ | 1,100 | $ | 1,171,500 | ||||||||
IL State GO | 5.00 | % | 11/1/2028 | BBB- | 2,000 | 2,304,460 | ||||||||||
IL State GO | 5.00 | % | 5/1/2039 | BBB- | 5,000 | 5,393,050 | ||||||||||
IL State GO | 6.00 | % | 5/1/2026 | BBB- | 10,000 | 12,031,800 | ||||||||||
ME Fin Auth - Casella Waste AMT† | 4.375 | %#(b) | 8/1/2035 | B | 1,250 | 1,368,562 | ||||||||||
MI Strategic Fund - I-75 AMT (AGM) | 4.25 | % | 12/31/2038 | AA | 2,000 | 2,221,660 | ||||||||||
New Haven GO | 5.50 | % | 8/1/2033 | BBB+ | 1,000 | 1,218,330 | ||||||||||
New Haven GO | 5.50 | % | 8/1/2035 | BBB+ | 660 | 797,848 | ||||||||||
New Haven GO | 5.50 | % | 8/1/2037 | BBB+ | 1,280 | 1,533,594 | ||||||||||
NJ Trans Trust Fund | Zero Coupon | 12/15/2029 | BBB+ | 8,730 | 6,613,935 | |||||||||||
PR Comwlth GO(a) | 4.00 | % | 7/1/2020 | Ca | 1,175 | 796,063 | ||||||||||
PR Comwlth GO(a) | 5.00 | % | 7/1/2020 | Ca | 11,695 | 8,318,069 | ||||||||||
PR Comwlth GO(a) | 5.00 | % | 7/1/2023 | Ca | 2,710 | 2,181,550 | ||||||||||
PR Comwlth GO(a) | 5.625 | % | 7/1/2032 | Ca | 4,775 | 3,634,969 | ||||||||||
PR Comwlth GO TCRS (AMBAC) | 4.50 | % | 7/1/2023 | Ca | 1,775 | 1,786,520 | ||||||||||
Scranton GO† | 5.00 | % | 9/1/2028 | BB+ | 500 | 577,705 | ||||||||||
Scranton GO† | 5.00 | % | 9/1/2029 | BB+ | 1,000 | 1,150,090 | ||||||||||
Scranton GO | 5.00 | % | 11/15/2032 | BB+ | 5,830 | 6,327,182 | ||||||||||
WI PFA - American Dream† | 7.00 | % | 12/1/2050 | NR | 29,050 | 34,756,582 | ||||||||||
Total | 304,252,382 | |||||||||||||||
Health Care 24.82% | ||||||||||||||||
Alachua Co Hlth - East Ridge Ret Vlg | 6.25 | % | 11/15/2044 | B- | (e) | 2,750 | 2,395,278 | |||||||||
Alachua Co Hlth - East Ridge Ret Vlg | 6.375 | % | 11/15/2049 | B- | (e) | 1,000 | 872,890 | |||||||||
Allegheny Co Hsp - Allegheny Hlth | 4.00 | % | 4/1/2044 | A | 3,750 | 4,016,400 | ||||||||||
Antelope Valley Hlth | 5.00 | % | 3/1/2041 | Ba3 | 4,000 | 4,283,920 | ||||||||||
Antelope Valley Hlth | 5.00 | % | 3/1/2046 | Ba3 | 3,300 | 3,509,847 | ||||||||||
Antelope Valley Hlth | 5.25 | % | 3/1/2036 | Ba3 | 1,000 | 1,104,180 | ||||||||||
Atlanta Dev Auth - Georgia Proton Ctr | 6.75 | % | 1/1/2035 | NR | 1,500 | 1,582,665 | ||||||||||
Atlanta Dev Auth - Georgia Proton Ctr | 7.00 | % | 1/1/2040 | NR | 13,000 | 13,782,600 | ||||||||||
AZ Dev Auth - Friendship Vlg | 5.00 | % | 12/1/2050 | NR | 1,600 | 1,765,104 | ||||||||||
AZ Dev Auth - Friendship Vlg | 5.00 | % | 12/1/2054 | NR | 2,000 | 2,201,200 | ||||||||||
Blaine Sr Hsg & Hlthcare - Crest View | 6.125 | % | 7/1/2050 | NR | 5,000 | 5,077,850 | ||||||||||
Botetourt Co RCF - Glebe | 6.00 | % | 7/1/2044 | NR | 6,485 | 7,165,212 | ||||||||||
CA Fin Auth - HealthRIGHT360† | 5.00 | % | 11/1/2039 | NR | 1,760 | 1,989,803 | ||||||||||
CA Fin Auth - HealthRIGHT360† | 5.00 | % | 11/1/2049 | NR | 2,450 | 2,714,576 | ||||||||||
CA Stwde - Daughters of Charity | 5.50 | % | 7/1/2039 | NR | 5,350 | 5,225,024 | ||||||||||
CA Stwde - Daughters of Charity | 5.75 | % | 7/1/2024 | NR | 1,310 | 1,302,337 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Health Care (continued) | ||||||||||||||||
CA Stwde - Daughters of Charity | 5.75 | % | 7/1/2035 | NR | $ | 2,620 | $ | 2,597,311 | ||||||||
CA Stwde - Eskaton Pptys | 5.25 | % | 11/15/2034 | BBB | 1,640 | 1,777,153 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr† | 5.00 | % | 12/1/2041 | BB- | 3,425 | 3,832,986 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr | 5.25 | % | 12/1/2044 | BB- | 1,305 | 1,440,446 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr† | 5.25 | % | 12/1/2056 | BB- | 21,000 | 23,604,630 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr | 5.50 | % | 12/1/2054 | BB- | 12,775 | 14,179,100 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr† | 5.50 | % | 12/1/2058 | BB- | 17,750 | 20,737,502 | ||||||||||
CA Stwde - Terraces San Joaquin | 5.625 | % | 10/1/2032 | A- | (e) | 1,000 | 1,115,920 | |||||||||
CA Stwde - Terraces San Joaquin | 6.00 | % | 10/1/2042 | A- | (e) | 2,570 | 2,877,526 | |||||||||
CA Stwde - Terraces San Joaquin | 6.00 | % | 10/1/2047 | A- | (e) | 1,000 | 1,117,650 | |||||||||
Calcasieu Parish Hsp - Lake Charles Mem | 5.00 | % | 12/1/2039 | BB+ | 6,800 | 7,992,448 | ||||||||||
Chester Co Hlth & Ed - Immaculata Univ | 5.00 | % | 11/1/2037 | BB | (e) | 4,000 | 4,316,560 | |||||||||
Chester Co Hlth & Ed - Immaculata Univ | 5.00 | % | 11/1/2046 | BB | (e) | 4,000 | 4,258,040 | |||||||||
City of Wayzata - Folkestone Sr Living | 5.00 | % | 8/1/2049 | NR | 400 | 439,504 | ||||||||||
City of Wayzata - Folkestone Sr Living | 5.00 | % | 8/1/2054 | NR | 1,000 | 1,096,500 | ||||||||||
Cnty of Lucas OH - ProMedica Hlth | 5.25 | % | 11/15/2048 | BBB | 8,650 | 9,974,574 | ||||||||||
CO Hlth - Christian Living | 4.00 | % | 1/1/2038 | NR | 550 | 584,155 | ||||||||||
CO Hlth Facs - Christian Living | 5.00 | % | 1/1/2038 | NR | 1,600 | 1,824,048 | ||||||||||
CO Hlth Facs - Christian Living Cmnty | 5.25 | % | 1/1/2037 | NR | 1,000 | 1,047,000 | ||||||||||
CO Hlth Facs - Fraiser Meadows | 5.25 | % | 5/15/2037 | BB+ | (e) | 750 | 859,695 | |||||||||
CO Hlth Facs - Fraiser Meadows | 5.25 | % | 5/15/2047 | BB+ | (e) | 2,250 | 2,528,505 | |||||||||
CT Hlth & Ed - Church Home† | 5.00 | % | 9/1/2046 | BB | (e) | 1,000 | 1,088,390 | |||||||||
CT Hlth & Ed - Church Home† | 5.00 | % | 9/1/2053 | BB | (e) | 1,500 | 1,626,090 | |||||||||
CT Hlth & Ed - Griffin Hosp†(c) | 5.00 | % | 7/1/2044 | BB+ | 2,820 | 3,253,519 | ||||||||||
CT Hlth & Ed - Griffin Hosp†(c) | 5.00 | % | 7/1/2050 | BB+ | 1,000 | 1,148,210 | ||||||||||
Cumberland Co Mun Auth - Asbury | 5.00 | % | 1/1/2045 | NR | 2,000 | 2,173,920 | ||||||||||
Cumberland Co Mun Auth - Asbury | 5.25 | % | 1/1/2041 | NR | 2,000 | 2,064,900 | ||||||||||
Cuyahoga Co Hsp - Metrohealth | 5.00 | % | 2/15/2057 | NR | 5,650 | 6,363,990 | ||||||||||
Cuyahoga Co Hsp - Metrohealth | 5.50 | % | 2/15/2052 | NR | 8,175 | 9,542,187 | ||||||||||
Cuyahoga Co Hsp - Metrohealth | 5.50 | % | 2/15/2057 | NR | 4,900 | 5,705,756 | ||||||||||
Decatur Hsp - Wise Hlth | 5.25 | % | 9/1/2044 | BBB- | 5,720 | 6,260,597 | ||||||||||
Denver Hlth & Hsp Auth | 5.25 | % | 12/1/2045 | BBB | 3,700 | 4,063,081 | ||||||||||
Duluth Econ Dev Auth - Essentia Health | 5.25 | % | 2/15/2058 | A- | 13,000 | 15,481,440 | ||||||||||
Fairfax Co EDA - Vinson Hall | 5.00 | % | 12/1/2032 | BBB+ | (e) | 1,000 | 1,094,140 | |||||||||
Fairfax Co EDA - Vinson Hall | 5.00 | % | 12/1/2042 | BBB+ | (e) | 2,800 | 3,023,384 | |||||||||
Flint Hsp Bldg Auth - Hurley Med Ctr | 7.00 | % | 7/1/2030 | Ba1 | 4,225 | 4,322,724 | ||||||||||
Flint Hsp Bldg Auth - Hurley Med Ctr | 7.375 | % | 7/1/2035 | Ba1 | 2,670 | 2,736,136 | ||||||||||
Flint Hsp Bldg Auth - Hurley Med Ctr | 7.50 | % | 7/1/2039 | Ba1 | 800 | 819,360 | ||||||||||
Floyd Co Dev Auth - Spires Berry College | 6.25 | % | 12/1/2048 | NR | 2,500 | 2,602,450 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Health Care (continued) | ||||||||||||||||
Floyd Co Dev Auth - Spires Berry College | 6.50 | % | 12/1/2053 | NR | $ | 3,500 | $ | 3,673,145 | ||||||||
Franklin Hlth - Proton Therapy† | 7.50 | % | 6/1/2047 | NR | 7,635 | 8,459,198 | ||||||||||
Fulton Co - Canterbury Court† | 5.00 | % | 4/1/2047 | NR | 5,000 | 5,434,400 | ||||||||||
Fulton Co - Canterbury Court† | 5.00 | % | 4/1/2054 | NR | 5,000 | 5,394,950 | ||||||||||
Fulton Co Med Ctr | 5.00 | % | 7/1/2046 | NR | 4,450 | 4,655,990 | ||||||||||
Fulton Co Med Ctr | 5.00 | % | 7/1/2051 | NR | 5,000 | 5,214,600 | ||||||||||
Gainesville & Hall Co Hsp - NE GA Hlth GTD | 5.50 | % | 8/15/2054 | AA- | 3,600 | 4,189,212 | ||||||||||
Glendale IDA - Beatitudes | 5.00 | % | 11/15/2036 | NR | 1,500 | 1,620,900 | ||||||||||
Glendale IDA - Beatitudes | 5.00 | % | 11/15/2040 | NR | 4,000 | 4,294,440 | ||||||||||
Glendale IDA - Beatitudes | 5.00 | % | 11/15/2045 | NR | 1,300 | 1,386,944 | ||||||||||
Glendale IDA - Beatitudes | 5.00 | % | 11/15/2053 | NR | 7,320 | 7,816,516 | ||||||||||
Guadalupe Co - Seguin City Hospital | 5.00 | % | 12/1/2040 | BB | 4,880 | 5,240,339 | ||||||||||
Guadalupe Co - Seguin City Hospital | 5.00 | % | 12/1/2045 | BB | 910 | 972,535 | ||||||||||
Hanover Co EDA - Covenant Woods | 5.00 | % | 7/1/2042 | NR | 2,000 | 2,070,100 | ||||||||||
Hanover Co EDA - Covenant Woods | 5.00 | % | 7/1/2047 | NR | 1,985 | 2,050,723 | ||||||||||
Hanover Co EDA - Covenant Woods | 5.00 | % | 7/1/2051 | NR | 1,000 | 1,081,430 | ||||||||||
Harris Co Cultural Ed - Brazos | 5.125 | % | 1/1/2048 | BBB- | (e) | 1,655 | 1,739,488 | |||||||||
Harris Co Cultural Ed - Brazos | 7.00 | % | 1/1/2043 | BBB- | (e) | 3,000 | 3,505,440 | |||||||||
Holmes Co Hsp - Doctors Mem Hsp | 5.75 | % | 11/1/2026 | NR | 3,760 | 3,572,000 | ||||||||||
Holmes Co Hsp - Doctors Mem Hsp | 6.00 | % | 11/1/2038 | NR | 7,115 | 6,759,250 | ||||||||||
Howard Co Retmt Cmnty - Vantage House | 5.00 | % | 4/1/2044 | NR | 2,955 | 3,179,491 | ||||||||||
Howard Co Retmt Cmnty - Vantage House | 5.00 | % | 4/1/2046 | NR | 7,000 | 7,522,620 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co | 5.25 | %#(b) | 12/1/2050 | B+ | 12,720 | 13,992,254 | ||||||||||
IL Fin Auth - Friendship Vlg Shaumburg | 7.25 | % | 2/15/2045 | NR | 3,500 | 3,524,675 | ||||||||||
IL Fin Auth - Landing/Plymouth Place | 6.00 | % | 5/15/2043 | BB+ | (e) | 2,165 | 2,341,902 | |||||||||
IL Fin Auth - Lutheran Life | 5.00 | % | 11/1/2049 | NR | 5,500 | 5,883,020 | ||||||||||
IL Fin Auth - Plymouth Place | 5.25 | % | 5/15/2050 | BB+ | (e) | 3,150 | 3,353,963 | |||||||||
King Co Pub Hsp - Snoqualmie Vly Hsp | 6.25 | % | 12/1/2045 | NR | 3,500 | 3,698,485 | ||||||||||
Kirkwood IDA - Aberdeen Hts | 5.25 | % | 5/15/2042 | BB | (e) | 1,750 | 1,965,390 | |||||||||
Kirkwood IDA - Aberdeen Hts | 5.25 | % | 5/15/2050 | BB | (e) | 7,250 | 8,067,292 | |||||||||
Kirkwood IDA - Aberdeen Hts | 8.00 | % | 5/15/2021 | NR | 410 | 420,160 | ||||||||||
Kirkwood IDA - Aberdeen Hts | 8.00 | % | 5/15/2029 | NR | 2,820 | 2,889,880 | ||||||||||
Kirkwood IDA - Aberdeen Hts | 8.25 | % | 5/15/2039 | NR | 6,695 | 6,866,995 | ||||||||||
KY EDA - Masonic Homes | 5.375 | % | 11/15/2032 | NR | 3,000 | 3,155,370 | ||||||||||
LA Env Facs - St James Place | 6.25 | % | 11/15/2045 | NR | 6,100 | 6,838,100 | ||||||||||
Lancaster Co Hosp Auth - Bretheren Village | 5.125 | % | 7/1/2037 | BB+ | (e) | 1,000 | 1,091,160 | |||||||||
Lancaster Co Hosp Auth - Bretheren Village | 5.25 | % | 7/1/2041 | BB+ | (e) | 1,000 | 1,095,840 | |||||||||
Licking Co Hlth - Kendal Granville | 6.00 | % | 7/1/2050 | NR | 6,000 | 6,247,200 | ||||||||||
MA DFA - Atrius Hlth | 4.00 | % | 6/1/2049 | BBB | 10,000 | 10,616,300 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Health Care (continued) | ||||||||||||||||
MA DFA - Boston Medical Center | 4.00 | % | 7/1/2047 | NR | $ | 4,130 | $ | 4,378,750 | ||||||||
MA DFA - Newbridge† | 4.125 | % | 10/1/2042 | BB+ | (e) | 2,500 | 2,627,600 | |||||||||
MA DFA - Wellforce Hlth | 4.00 | % | 7/1/2044 | BBB+ | 3,400 | 3,662,208 | ||||||||||
Magnolia West CDD | 5.35 | % | 5/1/2037 | NR | 255 | 256,913 | ||||||||||
Marion Co - United Church Homes | 5.125 | % | 12/1/2049 | NR | 3,000 | 3,005,640 | ||||||||||
Martin Hsp Dist | 7.25 | % | 4/1/2036 | BBB | (e) | 3,450 | 3,621,223 | |||||||||
MD Hlth & Hi Ed - Doctors Cmnty Hospital | 5.00 | % | 7/1/2038 | Baa3 | 7,275 | 8,241,193 | ||||||||||
ME Hlth & Hi Ed - MaineGeneral Hlth | 6.00 | % | 7/1/2026 | Ba3 | 225 | 237,132 | ||||||||||
ME Hlth & Hi Ed - MaineGeneral Hlth | 6.75 | % | 7/1/2036 | Ba3 | 245 | 261,542 | ||||||||||
Meadville Med Center | 6.00 | % | 6/1/2046 | NR | 2,225 | 2,536,856 | ||||||||||
Meadville Med Center | 6.00 | % | 6/1/2051 | NR | 2,600 | 2,946,970 | ||||||||||
Mesquite Hlth - Christian Care Ctrs | 5.00 | % | 2/15/2026 | BB- | (e) | 2,125 | 2,173,174 | |||||||||
Mesquite Hlth - Christian Care Ctrs | 5.00 | % | 2/15/2030 | BB- | (e) | 905 | 914,448 | |||||||||
Mesquite Hlth - Christian Care Ctrs | 5.00 | % | 2/15/2035 | BB- | (e) | 2,600 | 2,588,950 | |||||||||
Mesquite Hlth - Christian Care Ctrs | 5.00 | % | 2/15/2036 | BB- | (e) | 1,250 | 1,239,013 | |||||||||
Mesquite Hlth - Christian Care Ctrs | 5.125 | % | 2/15/2042 | BB- | (e) | 3,955 | 3,865,221 | |||||||||
MI Fin Auth - Henry Ford Hlth | 4.00 | % | 11/15/2050 | A | 3,630 | 3,962,544 | ||||||||||
MO Hlth Ed - Mosaic Hlth | 4.00 | % | 2/15/2054 | A1 | 4,000 | 4,325,720 | ||||||||||
Monroe Co - St. Ann’s | 5.00 | % | 1/1/2040 | NR | 3,500 | 3,842,860 | ||||||||||
Monroe Co - St. Ann’s | 5.00 | % | 1/1/2050 | NR | 4,750 | 5,137,267 | ||||||||||
Montgomery Co IDA - Einstein Hlthcare | 5.25 | % | 1/15/2045 | Ba1 | 7,000 | 7,808,360 | ||||||||||
Moon IDC - Baptist Homes Soc | 6.00 | % | 7/1/2045 | NR | 9,250 | 10,021,635 | ||||||||||
Multnomah Co Hsp Facs - Mirabella | 5.40 | % | 10/1/2044 | NR | 3,250 | 3,535,383 | ||||||||||
Muskingum Co Hsp - Genesis Hlthcare | 5.00 | % | 2/15/2033 | BB+ | 2,765 | 2,986,919 | ||||||||||
Muskingum Co Hsp - Genesis Hlthcare | 5.00 | % | 2/15/2044 | BB+ | 10,690 | 11,467,163 | ||||||||||
NC Med Care - Sharon Towers | 4.00 | % | 7/1/2039 | NR | 1,500 | 1,593,795 | ||||||||||
NC Med Care - Sharon Towers | 4.00 | % | 7/1/2044 | NR | 1,035 | 1,082,465 | ||||||||||
NC Med Care - Sharon Towers | 5.00 | % | 7/1/2039 | NR | 1,650 | 1,896,956 | ||||||||||
NC Med Care - Sharon Towers | 5.00 | % | 7/1/2044 | NR | 1,160 | 1,322,435 | ||||||||||
NC Med Care - Sharon Towers | 5.00 | % | 7/1/2049 | NR | 2,000 | 2,273,660 | ||||||||||
NC Med Care Comm - Novant Hlth | 4.00 | % | 11/1/2052 | AA- | 8,000 | 8,862,800 | ||||||||||
New Hope - Carillon | 5.00 | % | 7/1/2046 | NR | 5,200 | 5,315,596 | ||||||||||
New Hope Cult Ed Facs - Carillon | 5.00 | % | 7/1/2036 | NR | 3,600 | 3,737,340 | ||||||||||
New Hope Cultural - Wesleyan Homes | 5.00 | % | 1/1/2039 | NR | 500 | 535,900 | ||||||||||
New Hope Cultural - Wesleyan Homes | 5.00 | % | 1/1/2050 | NR | 590 | 623,241 | ||||||||||
New Hope Cultural - Wesleyan Homes | 5.00 | % | 1/1/2055 | NR | 2,200 | 2,307,162 | ||||||||||
New Hope Cultural - Wesleyan Homes | 5.50 | % | 1/1/2049 | NR | 2,630 | 2,810,681 | ||||||||||
New Hope Ed Facs - Legacy Midtown Project | 5.50 | % | 7/1/2054 | NR | 4,750 | 4,999,945 | ||||||||||
NJ EDA - Bancroft Neurohealth | 5.00 | % | 6/1/2036 | NR | 1,500 | 1,629,960 | ||||||||||
NM Hsp - Gerald Champion Hsp | 5.50 | % | 7/1/2042 | A- | 5,625 | 6,071,512 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Health Care (continued) | ||||||||||||||||
NM Hsp - Haverland | 5.00 | % | 7/1/2049 | BBB- | (e) | $ | 3,375 | $ | 3,790,867 | |||||||
Norfolk Redev & Hsg Auth - Harbor’s Edge | 5.00 | % | 1/1/2049 | NR | 2,500 | 2,710,925 | ||||||||||
Norfolk Redev & Hsg Auth - Harbor’s Edge | 5.25 | % | 1/1/2054 | NR | 3,300 | 3,602,346 | ||||||||||
Oconee Co IDA - Presby Village | 6.25 | % | 12/1/2048 | NR | 2,000 | 2,123,240 | ||||||||||
Oconee Co IDA - Presby Village | 6.375 | % | 12/1/2053 | NR | 3,000 | 3,184,950 | ||||||||||
OK DFA - OU Med | 5.50 | % | 8/15/2052 | Baa3 | 6,450 | 7,694,140 | ||||||||||
OK DFA - OU Med | 5.50 | % | 8/15/2057 | Baa3 | 11,430 | 13,539,178 | ||||||||||
Oroville - Oroville Hsp | 5.25 | % | 4/1/2039 | BB+ | 2,060 | 2,467,839 | ||||||||||
Oroville - Oroville Hsp | 5.25 | % | 4/1/2049 | BB+ | 2,550 | 2,984,775 | ||||||||||
Oroville - Oroville Hsp | 5.25 | % | 4/1/2054 | BB+ | 12,545 | 14,616,179 | ||||||||||
PA Hosp Auth - Doylestown | 4.00 | % | 7/1/2045 | BBB- | 4,375 | 4,569,994 | ||||||||||
PA Hosp Auth - Doylestown | 5.00 | % | 7/1/2049 | BBB- | 2,375 | 2,723,508 | ||||||||||
Palm Beach Co Hlth - Sinai Residences | 7.50 | % | 6/1/2049 | NR | 2,325 | 2,610,952 | ||||||||||
Palm Beach Co Hlth Facs - Lifespace | 5.00 | % | 5/15/2053 | BBB | (e) | 7,125 | 7,965,750 | |||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.625 | % | 7/1/2036 | BBB- | 6,250 | 6,778,625 | ||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.625 | % | 7/1/2042 | BBB- | 9,375 | 10,118,625 | ||||||||||
Philadelphia IDA - Gtr Philadelphia Hlth | 6.50 | % | 6/1/2045 | NR | 2,485 | 2,627,142 | ||||||||||
Philadelphia IDA - Gtr Philadelphia Hlth | 6.625 | % | 6/1/2050 | NR | 3,415 | 3,621,949 | ||||||||||
Philadelphia IDA - Wesley | 5.00 | % | 7/1/2037 | BB | (e) | 2,500 | 2,790,700 | |||||||||
Philadelphia IDA - Wesley | 5.00 | % | 7/1/2042 | BB | (e) | 3,355 | 3,709,858 | |||||||||
Philadelphia IDA - Wesley | 5.00 | % | 7/1/2049 | BB | (e) | 4,000 | 4,398,040 | |||||||||
Pinellas Co IDA - Patel Foundation | 5.00 | % | 7/1/2039 | NR | 6,015 | 6,997,129 | ||||||||||
Red River Hlth - Methodist Ret Cmnty | 7.75 | % | 11/15/2044 | NR | 1,500 | 1,770,390 | ||||||||||
Red River Hlth - Methodist Ret Cmnty | 8.00 | % | 11/15/2049 | NR | 1,000 | 1,188,860 | ||||||||||
RI Hlth & Ed - Care New England | 5.00 | % | 9/1/2036 | BB- | 7,000 | 7,906,220 | ||||||||||
Rockville Eco Dev - Ingleside at King Farm | 5.00 | % | 11/1/2042 | BB- | (e) | 1,625 | 1,785,063 | |||||||||
Rockville Eco Dev - Ingleside at King Farm | 5.00 | % | 11/1/2047 | BB- | (e) | 1,450 | 1,588,026 | |||||||||
Salem Hsp Fac - Capital Manor | 5.625 | % | 5/15/2032 | BBB | (e) | 1,000 | 1,077,030 | |||||||||
Salem Hsp Fac - Capital Manor | 6.00 | % | 5/15/2047 | BBB | (e) | 1,600 | 1,719,712 | |||||||||
San Buenaventura - Cmnty Mem Hlth | 8.00 | % | 12/1/2026 | BB | 10,000 | 11,155,800 | ||||||||||
Sante Fe Retirement Facs- El Castillo | 5.00 | % | 5/15/2049 | BB+ | (e) | 1,295 | 1,425,109 | |||||||||
SC EDA - Bishop Gadsden | 4.00 | % | 4/1/2049 | BBB- | (e) | 620 | 651,285 | |||||||||
SC EDA - Bishop Gadsden | 4.00 | % | 4/1/2054 | BBB- | (e) | 1,165 | 1,213,429 | |||||||||
SC EDA - Bishop Gadsden | 5.00 | % | 4/1/2044 | BBB- | (e) | 640 | 730,285 | |||||||||
SC EDA - Bishop Gadsden | 5.00 | % | 4/1/2049 | BBB- | (e) | 1,515 | 1,718,434 | |||||||||
SC EDA - Bishop Gadsden | 5.00 | % | 4/1/2054 | BBB- | (e) | 3,000 | 3,384,450 | |||||||||
SC Jobs EDA - Hampton Regl Med | 5.00 | % | 11/1/2042 | NR | 3,815 | 4,175,975 | ||||||||||
SC Jobs EDA - Hampton Regl Med | 5.00 | % | 11/1/2046 | NR | 6,070 | 6,628,683 | ||||||||||
SE Port Auth - Memorial Hlth | 5.50 | % | 12/1/2043 | BB- | (e) | 1,100 | 1,187,494 | |||||||||
SE Port Auth - Memorial Hlth | 6.00 | % | 12/1/2042 | BB- | (e) | 1,660 | 1,784,600 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Health Care (continued) | ||||||||||||||||
Seminole Co - Legacy Pointe | 5.50 | % | 11/15/2049 | NR | $ | 8,000 | $ | 8,017,520 | ||||||||
Seminole Co - Legacy Pointe | 5.75 | % | 11/15/2054 | NR | 4,000 | 4,008,640 | ||||||||||
Shelby Co - Farms at Bailey Station | 5.75 | % | 10/1/2059 | NR | 20,000 | 19,480,000 | ||||||||||
Tarrant Co Cultural - Buckingham Sr Lvg(a) | 5.50 | % | 11/15/2045 | D | (e) | 3,650 | 2,555,000 | |||||||||
Tarrant Co Cultural - Buckner | 6.75 | % | 11/15/2047 | NR | 3,500 | 4,055,450 | ||||||||||
Tarrant Co Cultural - Buckner | 6.75 | % | 11/15/2052 | NR | 3,000 | 3,465,810 | ||||||||||
Tempe IDA - ASU Mirabella† | 6.00 | % | 10/1/2037 | NR | 1,200 | 1,379,940 | ||||||||||
Tempe IDA - ASU Mirabella† | 6.125 | % | 10/1/2052 | NR | 1,400 | 1,591,352 | ||||||||||
Town of Hamden - Whitney Center | 5.00 | % | 1/1/2050 | NR | 5,500 | 5,920,640 | ||||||||||
Tulsa Co Industrial Auth - Montereau | 5.25 | % | 11/15/2045 | BBB- | (e) | 2,750 | 3,109,150 | |||||||||
Upper San Juan Hlth | 6.00 | % | 6/1/2041 | NR | 2,225 | 2,340,789 | ||||||||||
Upper San Juan Hlth | 6.125 | % | 6/1/2046 | NR | 3,015 | 3,160,775 | ||||||||||
Vigo Co Hsp - Union Hsp | 8.00 | % | 9/1/2041 | NR | 2,955 | 3,282,857 | ||||||||||
WA Hsg - Herons Key† | 7.00 | % | 7/1/2045 | NR | 1,370 | 1,505,740 | ||||||||||
WA Hsg - Herons Key† | 7.00 | % | 7/1/2050 | NR | 2,000 | 2,193,120 | ||||||||||
WA Hsg - Mirabella† | 6.50 | % | 10/1/2032 | NR | 1,965 | 2,097,657 | ||||||||||
WA Hsg - Mirabella† | 6.75 | % | 10/1/2047 | NR | 3,000 | 3,210,570 | ||||||||||
WA Hsg - Rockwood†(c) | 6.00 | % | 1/1/2024 | NR | 885 | 939,817 | ||||||||||
WA Hsg - Transforming Age† | 5.00 | % | 1/1/2055 | BB | (e) | 3,250 | 3,548,935 | |||||||||
Ward Co Hlth Facs - Trinity Hlth | 5.00 | % | 6/1/2053 | BBB- | 8,750 | 9,782,587 | ||||||||||
WI Hlth & Ed - American Baptist | 5.00 | % | 8/1/2032 | NR | 1,400 | 1,527,666 | ||||||||||
WI Hlth & Ed - American Baptist | 5.00 | % | 8/1/2039 | NR | 1,625 | 1,748,646 | ||||||||||
WI Hlth & Ed - Sauk-Prarie Mem Hsp | 5.375 | % | 2/1/2048 | B1 | 4,000 | 4,102,880 | ||||||||||
WI Hlth Fac Auth - St. Camillus | 5.00 | % | 11/1/2039 | NR | 1,950 | 2,132,228 | ||||||||||
WI Hlth Fac Auth - St. Camillus | 5.00 | % | 11/1/2046 | NR | 2,100 | 2,272,704 | ||||||||||
WI Hlth Fac Auth - St. Camillus | 5.00 | % | 11/1/2054 | NR | 5,000 | 5,377,500 | ||||||||||
WI PFA - Alabama Proton† | 6.85 | % | 10/1/2047 | NR | 6,500 | 7,117,565 | ||||||||||
WI PFA - Bancroft Neurohealth† | 4.625 | % | 6/1/2036 | NR | 3,570 | 3,688,845 | ||||||||||
WI PFA - Bancroft Neurohealth† | 5.125 | % | 6/1/2048 | NR | 4,900 | 5,228,839 | ||||||||||
WI PFA - Delray Beach Radiation Ctr† | 6.85 | % | 11/1/2046 | NR | 5,335 | 6,038,793 | ||||||||||
WI PFA - Las Ventanas Retirement | Zero Coupon | 10/1/2042 | NR | 2,961 | 60,997 | |||||||||||
WI PFA - Las Ventanas Retirement | Zero Coupon | 10/1/2042 | NR | 1,556 | 791,569 | |||||||||||
WI PFA - Las Ventanas Retirement | 7.00 | % | 10/1/2042 | NR | 6,895 | 6,961,054 | ||||||||||
WI PFA - Mary’s Woods† | 5.25 | % | 5/15/2052 | BB | (e) | 2,300 | 2,539,430 | |||||||||
WI PFA - Rose Villa† | 5.75 | % | 11/15/2044 | NR | 2,035 | 2,216,298 | ||||||||||
Wilson Co Hsp | 5.60 | % | 9/1/2036 | NR | 3,530 | 3,533,742 | ||||||||||
Woodbury Hsg - St Therese | 5.125 | % | 12/1/2044 | NR | 2,500 | 2,631,025 | ||||||||||
Woodbury Hsg - St Therese | 5.25 | % | 12/1/2049 | NR | 2,000 | 2,115,880 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Health Care (continued) | ||||||||||||||||
WV Hsp - Herbert Thomas Hlth(a) | 6.50 | % | 10/1/2028 | NR | $ | 5,000 | $ | 2,925,000 | ||||||||
WV Hsp - Herbert Thomas Hlth(a) | 6.50 | % | 10/1/2038 | NR | 2,000 | 1,170,000 | ||||||||||
Total | 869,694,808 | |||||||||||||||
Housing 3.41% | ||||||||||||||||
Alachua Co Hlth - Oak Hammock | 8.00 | % | 10/1/2042 | NR | 700 | 786,541 | ||||||||||
Alachua Co Hlth - Oak Hammock | 8.00 | % | 10/1/2046 | NR | 1,000 | 1,120,840 | ||||||||||
AZ IDA - NCCU Prop Student Hsg (BAM) | 5.00 | % | 6/1/2058 | AA | 2,500 | 2,914,800 | ||||||||||
CA Cmnty Hsg - Annadel Apts† | 5.00 | % | 4/1/2049 | NR | 19,000 | 21,122,680 | ||||||||||
CA Com Hsg Agency - Verdant† | 5.00 | % | 8/1/2049 | NR | 17,200 | 19,463,176 | ||||||||||
CA HFA - MFH | 4.25 | % | 1/15/2035 | BBB+ | 3,534 | 4,147,523 | ||||||||||
CA Muni Fin - Caritas Affordable Hsg | 5.25 | % | 8/15/2039 | BBB+ | 550 | 617,843 | ||||||||||
CA Stwde - College of the Arts Student Hsg† | 5.25 | % | 7/1/2049 | BB+ | 1,500 | 1,728,825 | ||||||||||
CA Stwde - College of the Arts Student Hsg† | 5.25 | % | 7/1/2052 | BB+ | 1,100 | 1,262,987 | ||||||||||
Ca Stwde - Lancer Student Hsg† | 5.00 | % | 6/1/2051 | NR | 945 | 1,092,231 | ||||||||||
IL Fin Auth - Three Crowns Park | 5.25 | % | 2/15/2047 | NR | 2,750 | 2,963,483 | ||||||||||
LA HFA - GMF-LA Chateau | 8.00 | % | 9/1/2039 | CCC+ | 3,060 | 2,881,235 | (d) | |||||||||
LA Pub Facs Auth - Provident LSU | 5.00 | % | 7/1/2059 | A3 | 2,500 | 2,913,350 | ||||||||||
MA DFA - Newbridge† | 5.00 | % | 10/1/2057 | BB+ | (e) | 6,700 | 7,341,927 | |||||||||
MA ST Hsg Fin Agncy | 3.60 | % | 12/1/2059 | AA | 5,845 | 5,998,197 | ||||||||||
MI HDA | 3.60 | % | 10/1/2060 | AA | 6,330 | 6,449,067 | ||||||||||
MI Strategic Fd - Evangelical Homes | 5.25 | % | 6/1/2032 | BB+ | (e) | 1,500 | 1,559,790 | |||||||||
MI Strategic Fd - Evangelical Homes | 5.50 | % | 6/1/2047 | BB+ | (e) | 5,425 | 5,656,973 | |||||||||
NYC HDC | 3.45 | % | 5/1/2059 | AA+ | 5,000 | 5,067,950 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2059 | Baa3 | 2,000 | 2,291,520 | ||||||||||
Roanoke Co EDA - Richfield Living | 5.25 | % | 9/1/2049 | NR | 15,000 | 15,621,900 | ||||||||||
Roanoke Co EDA - Richfield Living | 5.375 | % | 9/1/2054 | NR | 6,000 | 6,282,720 | ||||||||||
Total | 119,285,558 | |||||||||||||||
Lease Obligations 4.21% | ||||||||||||||||
Aviation Station North Met Dist | 5.00 | % | 12/1/2039 | NR | 750 | 803,603 | ||||||||||
Aviation Station North Met Dist | 5.00 | % | 12/1/2048 | NR | 1,850 | 1,965,921 | ||||||||||
CA Pub Wks - State Prisons | 5.75 | % | 10/1/2031 | Aa3 | 1,500 | 1,619,040 | ||||||||||
CA Pub Wks - Various Cap Proj | 5.00 | % | 4/1/2034 | Aa3 | 5,000 | 5,401,850 | ||||||||||
Houston Co Coop Dist - Country Crossing | Zero Coupon | 5/15/2020 | NR | 4,199 | 587,860 | (d) | ||||||||||
IN Fin Auth - OH River Brdgs AMT | 5.00 | % | 7/1/2035 | BBB+ | 2,155 | 2,370,134 | ||||||||||
IN Fin Auth - OH River Brdgs AMT | 5.00 | % | 7/1/2040 | BBB+ | 2,320 | 2,542,511 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Lease Obligations (continued) | ||||||||||||||||
IN Fin Auth - OH River Brdgs AMT | 5.00 | % | 7/1/2044 | BBB+ | $ | 8,000 | $ | 8,753,760 | ||||||||
NJ EDA - Bldgs | 5.00 | % | 6/15/2047 | BBB+ | 5,450 | 6,136,482 | ||||||||||
NJ EDA - Goethals Brdg AMT | 5.375 | % | 1/1/2043 | BBB | 1,175 | 1,326,516 | ||||||||||
NJ EDA - Goethals Brdg AMT | 5.625 | % | 1/1/2052 | BBB | 5,000 | 5,651,400 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2042 | A- | (e) | 2,000 | 2,253,560 | |||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2043 | BBB+ | 5,000 | 5,725,050 | ||||||||||
NJ EDA - Sch Facs | 5.50 | % | 6/15/2029 | BBB+ | 3,575 | 4,279,632 | ||||||||||
NJ EDA - State House | 5.00 | % | 6/15/2043 | BBB+ | 3,800 | 4,351,038 | ||||||||||
NJ Trans Trust Fund | Zero Coupon | 12/15/2034 | BBB+ | 13,325 | 8,370,099 | |||||||||||
NJ Trans Trust Fund | Zero Coupon | 12/15/2038 | BBB+ | 6,990 | 3,708,265 | |||||||||||
NJ Trans Trust Fund | 4.00 | % | 6/15/2050 | BBB+ | 39,000 | 40,436,370 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2035 | BBB+ | 3,250 | 3,802,760 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2046 | BBB+ | 15,170 | 17,372,077 | ||||||||||
NJ Trans Trust Fund | 5.25 | % | 6/15/2043 | BBB+ | 15,420 | 18,073,165 | ||||||||||
PA COPS | 5.00 | % | 7/1/2043 | A2 | 1,200 | 1,420,944 | ||||||||||
PR Pub Fin Corp(a) | 5.50 | % | 8/1/2031 | C | 12,250 | 505,313 | ||||||||||
Total | 147,457,350 | |||||||||||||||
Other Revenue 6.05% | ||||||||||||||||
American Leadership Academy† | 5.00 | % | 6/15/2049 | NR | 1,235 | 1,306,692 | ||||||||||
American Leadership Academy† | 5.00 | % | 6/15/2052 | NR | 2,150 | 2,263,993 | ||||||||||
Apache Co Poll Ctl - Tucson Elec | 4.50 | % | 3/1/2030 | A- | 5,120 | 5,369,856 | ||||||||||
Arlington HI Ed Fin Corp - Arlington Classics | 5.00 | % | 8/15/2045 | BBB- | 2,250 | 2,494,192 | ||||||||||
Arlington Hi Ed Fin Corp - Newman Intl Acad | 5.50 | % | 8/15/2046 | NR | 5,000 | 5,294,850 | ||||||||||
AZ IDA - Academy of Math & Science† | 5.00 | % | 7/1/2049 | BB | 500 | 552,905 | ||||||||||
AZ IDA - Academy of Math & Science† | 5.00 | % | 7/1/2054 | BB | 1,500 | 1,646,100 | ||||||||||
AZ IDA - American Charter Sch† | 6.00 | % | 7/1/2047 | BB+ | 2,460 | 2,825,630 | ||||||||||
CA Sch Fin Auth - KIPP LA | 5.125 | % | 7/1/2044 | BBB | 2,390 | 2,633,254 | ||||||||||
Chester Co IDA - Collegium Charter Sch | 5.125 | % | 10/15/2037 | BB | 1,000 | 1,084,860 | ||||||||||
Chester Co IDA - Collegium Charter Sch | 5.25 | % | 10/15/2047 | BB | 2,500 | 2,693,975 | ||||||||||
Chester Co IDA - Collegium Charter Sch | 5.375 | % | 10/15/2042 | BB | 5,000 | 5,197,800 | ||||||||||
Cleveland Co Port Auth - Playhouse Sq | 5.50 | % | 12/1/2043 | BB+ | 1,350 | 1,567,458 | ||||||||||
Cleveland Co Port Auth - Playhouse Sq | 5.50 | % | 12/1/2053 | BB+ | 9,075 | 10,461,388 | ||||||||||
Clifton Higher Ed - IDEA Pub Schs | 6.00 | % | 8/15/2043 | A- | 1,000 | 1,128,630 | ||||||||||
Clifton Higher Ed - Intl Ldrshp Sch | 6.125 | % | 8/15/2048 | NR | 20,025 | 22,605,021 | ||||||||||
FL DFC - FL Charter Foundation† | 5.00 | % | 7/15/2046 | NR | 4,000 | 4,102,960 | ||||||||||
FL DFC - Palm Bay Admy† | Zero Coupon | 5/15/2037 | NR | 940 | 9,400 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Other Revenue (continued) | ||||||||||||||||
FL DFC - Palm Bay Admy† | Zero Coupon | 5/15/2037 | NR | $ | 1,220 | $ | 804,029 | |||||||||
FL DFC - Palm Bay Admy† | 6.375 | % | 5/15/2037 | NR | 2,620 | 2,436,757 | (d) | |||||||||
FL DFC - Renaissance Chtr Sch† | 6.125 | % | 6/15/2046 | NR | 5,000 | 5,470,200 | ||||||||||
FL DFC - Renaissance Chtr Sch | 7.50 | % | 6/15/2033 | B+ | (e) | 6,000 | 6,378,420 | |||||||||
Florence Twn IDA - Legacy Trad Sch | 6.00 | % | 7/1/2043 | Ba2 | 3,250 | 3,545,230 | ||||||||||
Gainesville & Hall Co Dev Auth - Riverside | 5.00 | % | 3/1/2047 | BBB- | (e) | 1,680 | 1,813,829 | |||||||||
Gainesville & Hall Co Dev Auth - Riverside | 5.125 | % | 3/1/2052 | BBB- | (e) | 1,250 | 1,354,250 | |||||||||
IN Fin Auth - Drexel Foundation | 7.00 | % | 10/1/2039 | B | 1,250 | 1,251,937 | ||||||||||
Jefferson Parish Econ Dev Dist - Kenner† | 5.50 | % | 6/15/2038 | NR | 3,200 | 3,505,184 | ||||||||||
Jefferson Parish Econ Dev Dist - Kenner† | 5.625 | % | 6/15/2048 | NR | 4,350 | 4,736,323 | ||||||||||
Kansas City RDA - Loews Hotel† | 5.00 | % | 2/1/2040 | NR | 3,000 | 3,307,530 | ||||||||||
Kansas City RDA - Loews Hotel† | 5.00 | % | 2/1/2050 | NR | 6,450 | 7,002,378 | ||||||||||
Lower AL Gas Dist - Goldman Sachs(c) | 5.00 | % | 9/1/2046 | A3 | 20,260 | 28,014,718 | ||||||||||
Main St Nat Gas - Macquarie | 5.00 | % | 5/15/2043 | A3 | 1,900 | 2,249,619 | ||||||||||
Main St Nat Gas - Macquarie | 5.00 | % | 5/15/2049 | A3 | 22,085 | 30,148,896 | ||||||||||
Maricopa Co - Legacy Schools† | 5.00 | % | 7/1/2049 | Ba2 | 2,335 | 2,581,086 | ||||||||||
Maricopa Co - Legacy Schools† | 5.00 | % | 7/1/2054 | Ba2 | 1,465 | 1,607,076 | ||||||||||
Maricopa Co IDA - Paradise Schools† | 5.00 | % | 7/1/2047 | BB+ | 4,000 | 4,321,680 | ||||||||||
MD EDC - Chesapeake Bay Hyatt(a) | 5.00 | % | 12/1/2031 | NR | 10,700 | 6,901,500 | ||||||||||
MD EDC - Chesapeake Bay Hyatt(a) | 5.25 | % | 12/1/2031 | NR | 3,000 | 1,935,000 | ||||||||||
MI Pub Ed - Bradford Admy† | 6.50 | % | 9/1/2037 | NR | 5,070 | 3,954,600 | ||||||||||
MI Pub Ed - Bradford Admy | 8.75 | % | 9/1/2039 | NR | 2,250 | 1,755,000 | ||||||||||
MI Pub Ed - Crescent Admy | 7.00 | % | 10/1/2036 | NR | 640 | 640,717 | ||||||||||
Michigan St Strategic FD Escrow(f) | Zero Coupon | – | (g) | NR | 5,000 | 500 | (h) | |||||||||
Middlesex Co Impt Auth - Heldrich Ctr(a) | 6.125 | % | 1/1/2025 | NR | 2,790 | 41,850 | ||||||||||
Middlesex Co Impt Auth - Heldrich Ctr(a) | 6.25 | % | 1/1/2037 | NR | 5,755 | 86,325 | ||||||||||
NYC IDA - Queens Stadium (AMBAC) | 5.00 | % | 1/1/2036 | BBB | 3,165 | 3,201,967 | ||||||||||
Ohio St Pollution Ctl Rev Escrow | Zero Coupon | 5/15/2020 | NR | 2,965 | 297 | (h) | ||||||||||
Phoenix IDA - Basis Schs† | 5.00 | % | 7/1/2046 | BB | 2,000 | 2,141,540 | ||||||||||
Plymouth Ed Ctr Charter Sch | 5.375 | % | 11/1/2030 | D | 1,425 | 999,965 | ||||||||||
UT Charter Sch Fin Auth - Freedom Academy† | 5.375 | % | 6/15/2048 | NR | 5,150 | 5,385,973 | ||||||||||
Yonkers EDC - Charter Sch Ed Excellence | 6.00 | % | 10/15/2030 | BB | 1,050 | 1,076,712 | ||||||||||
Total | 211,890,052 | |||||||||||||||
Special Tax 4.51% | ||||||||||||||||
Allentown Neighborhood Impt† | 5.375 | % | 5/1/2042 | NR | 5,500 | 6,192,010 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Special Tax (continued) | ||||||||||||||||
Anne Arundel Co Spl Tax - Vlgs Two Rivers | 5.125 | % | 7/1/2036 | NR | $ | 1,030 | $ | 1,066,091 | ||||||||
Anne Arundel Co Spl Tax - Vlgs Two Rivers | 5.25 | % | 7/1/2044 | NR | 2,150 | 2,223,874 | ||||||||||
Arborwood CDD | 6.90 | % | 5/1/2025 | NR | 355 | 389,474 | (d) | |||||||||
Arborwood CDD | 6.90 | % | 5/1/2036 | NR | 60 | 64,309 | (d) | |||||||||
Arborwood CDD | 6.90 | % | 5/1/2036 | NR | 705 | 761,886 | (d) | |||||||||
Berkeley Co - Nexton Imp Dist | 4.25 | % | 11/1/2040 | NR | 1,000 | 1,003,140 | ||||||||||
Berkeley Co - Nexton Imp Dist | 4.375 | % | 11/1/2049 | NR | 1,500 | 1,508,265 | ||||||||||
Celebration Pointe CDD† | 5.00 | % | 5/1/2048 | NR | 3,100 | 3,282,931 | ||||||||||
Compton Redev Agy | 6.00 | % | 8/1/2042 | NR | 4,750 | 4,851,032 | ||||||||||
DIBC Dist No. 1 | 6.00 | % | 12/1/2048 | NR | 2,300 | 2,414,977 | ||||||||||
Fremont CFD - Pacific Commons | 5.00 | % | 9/1/2045 | NR | 3,000 | 3,376,170 | ||||||||||
Grandview IDA - Grandview Crossing(a) | 5.75 | % | 12/1/2028 | NR | 1,000 | 180,000 | ||||||||||
Houston Co Coop Dist - Country Crossing(a) | 10.00 | % | 5/1/2039 | NR | 11,325 | 1,245,750 | (d) | |||||||||
Inland Valley Redev Agy | 5.25 | % | 9/1/2037 | A- | 3,375 | 3,848,242 | ||||||||||
MD Special Tax - Brunswick Crossing | 4.00 | % | 7/1/2029 | NR | 675 | 716,546 | ||||||||||
MD Special Tax - Brunswick Crossing | 5.00 | % | 7/1/2036 | NR | 1,550 | 1,731,877 | ||||||||||
Miami World Ctr CDD | 5.25 | % | 11/1/2049 | NR | 2,000 | 2,193,240 | ||||||||||
North Las Vegas Special Improv Dist - Vall | 4.50 | % | 6/1/2039 | NR | 500 | 533,005 | ||||||||||
North Las Vegas Special Improv Dist - Vall | 4.625 | % | 6/1/2043 | NR | 500 | 532,475 | ||||||||||
North Las Vegas Special Improv Dist - Vall | 4.625 | % | 6/1/2049 | NR | 765 | 810,464 | ||||||||||
Nthrn Palm Bch Co Impt Dist | 5.00 | % | 8/1/2037 | NR | 750 | 813,383 | ||||||||||
Nthrn Palm Bch Co Impt Dist | 5.00 | % | 8/1/2046 | NR | 2,850 | 3,071,331 | ||||||||||
Nthrn Palm Bch Co Impt Dist | 5.00 | % | 8/1/2046 | NR | 5,000 | 5,279,900 | ||||||||||
NYC IDA - Queens Stadium (AMBAC) | 5.00 | % | 1/1/2031 | BBB | 6,110 | 6,181,365 | ||||||||||
Orange Co CFD - Esencia | 5.25 | % | 8/15/2045 | NR | 1,950 | 2,222,747 | ||||||||||
PA COPS | 4.00 | % | 7/1/2046 | A2 | 3,175 | 3,485,007 | ||||||||||
Peninsula Town Center† | 5.00 | % | 9/1/2037 | NR | 875 | 981,173 | ||||||||||
Peninsula Town Center† | 5.00 | % | 9/1/2045 | NR | 2,250 | 2,488,748 | ||||||||||
Plaza Met Dist #1† | 5.00 | % | 12/1/2040 | NR | 2,500 | 2,612,825 | ||||||||||
Prairie Ctr Met Dist #3† | 5.00 | % | 12/15/2041 | NR | 3,475 | 3,675,334 | ||||||||||
Prince George CO† | 5.00 | % | 7/1/2046 | NR | 5,000 | 5,338,950 | ||||||||||
Prince George CO Spec Ob - Westphalia Proj† | 5.125 | % | 7/1/2039 | NR | 1,100 | 1,220,604 | ||||||||||
Prince George CO Spec Ob - Westphalia Proj† | 5.25 | % | 7/1/2048 | NR | 3,000 | 3,326,700 | ||||||||||
River Islands PFA - CFD 2003 | 5.50 | % | 9/1/2045 | NR | 2,925 | 3,175,643 | ||||||||||
River Islands PFA - CFD 2003 | 5.50 | % | 9/1/2045 | NR | 6,505 | 7,062,413 | ||||||||||
San Mateo CFD - Bay Meadows | 5.00 | % | 9/1/2042 | NR | 2,000 | 2,125,220 | ||||||||||
San Mateo CFD - Bay Meadows | 5.50 | % | 9/1/2044 | NR | 1,500 | 1,613,895 | ||||||||||
Scranton RDA GTD | 5.00 | % | 11/15/2028 | BB+ | 5,000 | 5,206,400 | ||||||||||
Southlands Met Dist #1 | 5.00 | % | 12/1/2047 | Ba1 | 2,000 | 2,240,840 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Special Tax (continued) | ||||||||||||||||
St Louis IDA - Ballpark Vlg | 4.75 | % | 11/15/2047 | NR | $ | 4,875 | $ | 5,309,119 | ||||||||
Stone Canyon CID(a) | 5.70 | % | 4/1/2022 | NR | 1,485 | 386,100 | ||||||||||
Tern Bay CDD | 5.375 | % | 5/1/2037 | NR | 420 | 420,185 | ||||||||||
Velocity Met District | 5.375 | % | 12/1/2039 | NR | 6,320 | 6,738,953 | ||||||||||
Velocity Met District | 5.50 | % | 12/1/2048 | NR | 12,680 | 13,515,485 | ||||||||||
Village CDD #10 | 6.00 | % | 5/1/2044 | NR | 895 | 1,008,128 | ||||||||||
Village CDD #12† | 4.25 | % | 5/1/2043 | NR | 7,470 | 7,969,444 | ||||||||||
Village CDD #12† | 4.375 | % | 5/1/2050 | NR | 2,985 | 3,192,189 | ||||||||||
Village CDD #13† | 3.55 | % | 5/1/2039 | NR | 3,000 | 3,063,090 | ||||||||||
Village CDD #13† | 3.70 | % | 5/1/2050 | NR | 10,000 | 10,185,500 | ||||||||||
West Villages Unit #7 | 4.75 | % | 5/1/2039 | NR | 1,750 | 1,816,710 | ||||||||||
West Villages Unit #7 | 5.00 | % | 5/1/2050 | NR | 3,090 | 3,218,389 | ||||||||||
Total | 157,871,528 | |||||||||||||||
Tax Revenue 5.88% | ||||||||||||||||
American Samoa GO† | 6.50 | % | 9/1/2028 | Ba3 | 2,750 | 3,068,972 | ||||||||||
City of Sparks - Legends at Sparks Marina† | 2.50 | % | 6/15/2024 | Ba2 | 375 | 379,729 | ||||||||||
City of Sparks - Legends at Sparks Marina† | 2.75 | % | 6/15/2028 | Ba2 | 750 | 766,373 | ||||||||||
Coop Dist Ft Spanish - Hwy 181 | 9.00 | % | 2/1/2029 | NR | 765 | 873,752 | (d) | |||||||||
Gtr Wenatchee Regl Events Ctr | 5.50 | % | 9/1/2042 | NR | 3,150 | 3,237,507 | ||||||||||
Met Pier & Expo Auth - McCormick Place | Zero Coupon | 12/15/2054 | BBB | 21,595 | 5,810,783 | |||||||||||
Met Pier & Expo Auth - Mccormick Place(c) | 4.00 | % | 6/15/2050 | BBB | 12,500 | 13,066,375 | ||||||||||
Met Pier & Expo Auth - Mccormick Place(c) | 5.00 | % | 6/15/2050 | BBB | 5,000 | 5,762,600 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.00 | % | 6/15/2050 | BBB | 8,035 | 8,174,889 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.00 | % | 6/15/2052 | BBB | 2,830 | 2,978,603 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.00 | % | 6/15/2053 | BBB | 6,035 | 6,605,368 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.00 | % | 6/15/2057 | BBB | 10,000 | 11,151,900 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.25 | % | 6/15/2050 | BBB | 5,000 | 5,092,600 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.50 | % | 6/15/2053 | BBB | 9,150 | 10,260,444 | ||||||||||
Met Pier & Expo Auth - McCormick Place (AGM) | Zero Coupon | 12/15/2052 | AA | 5,250 | 1,635,218 | |||||||||||
Met Pier & Expo Auth - McCormick Place (NPFGC)(FGIC) | Zero Coupon | 12/15/2036 | BBB | 20,000 | 11,459,800 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2024 | NR | 898 | 789,297 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2027 | NR | 1,714 | 1,370,754 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2029 | NR | 1,671 | 1,242,038 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2031 | NR | 3,596 | 2,473,401 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2033 | NR | 5,283 | 3,367,543 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Tax Revenue (continued) | ||||||||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2046 | NR | $ | 33,226 | $ | 8,943,110 | |||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2051 | NR | 18,942 | 3,720,588 | |||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 7,753 | 7,878,754 | ||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 14,127 | 14,356,140 | ||||||||||
PR Corp Sales Tax | 4.536 | % | 7/1/2053 | NR | 279 | 285,799 | ||||||||||
PR Corp Sales Tax | 4.55 | % | 7/1/2040 | NR | 1,105 | 1,146,791 | ||||||||||
PR Corp Sales Tax | 4.75 | % | 7/1/2053 | NR | 19,345 | 20,244,929 | ||||||||||
PR Corp Sales Tax | 4.784 | % | 7/1/2058 | NR | 3,659 | 3,809,531 | ||||||||||
PR Corp Sales Tax | 5.00 | % | 7/1/2058 | NR | 38,857 | 41,325,585 | ||||||||||
Reno NV - ReTRAC-Reno Trans† | Zero Coupon | 7/1/2058 | NR | 18,500 | 1,754,910 | |||||||||||
Virgin ISlands PFA - Matching Fund | 5.00 | % | 10/1/2029 | Caa2 | 2,960 | 2,972,965 | ||||||||||
Total | 206,007,048 | |||||||||||||||
Tobacco 8.92% | ||||||||||||||||
Buckeye Tobacco | Zero Coupon | 6/1/2047 | NR | 91,300 | 6,475,909 | |||||||||||
Buckeye Tobacco | Zero Coupon | 6/1/2052 | NR | 100,000 | 5,369,000 | |||||||||||
Buckeye Tobacco | 5.125 | % | 6/1/2024 | CCC+ | 39,145 | 39,198,237 | ||||||||||
Buckeye Tobacco | 5.75 | % | 6/1/2034 | CCC+ | 11,370 | 11,426,736 | ||||||||||
Buckeye Tobacco | 5.875 | % | 6/1/2030 | CCC+ | 11,000 | 11,058,520 | ||||||||||
Buckeye Tobacco | 5.875 | % | 6/1/2047 | B- | 21,565 | 21,665,062 | ||||||||||
CA Statewide Fin Auth - Tobacco Settlement | Zero Coupon | 6/1/2046 | NR | 22,650 | 4,451,631 | |||||||||||
CA Stwde - Tobacco Settlement | Zero Coupon | 6/1/2055 | NR | 28,000 | 1,198,400 | |||||||||||
Erie Co Tobacco | Zero Coupon | 6/1/2060 | NR | 35,000 | 854,000 | |||||||||||
Golden St Tobacco | Zero Coupon | 6/1/2047 | CCC- | 25,000 | 4,233,500 | |||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2047 | NR | 19,380 | 20,045,509 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2047 | NR | 29,995 | 31,025,028 | ||||||||||
Golden St Tobacco | 5.25 | % | 6/1/2047 | NR | 14,175 | 14,749,938 | ||||||||||
Golden St Tobacco | 5.30 | % | 6/1/2037 | B- | 5,000 | 5,227,800 | ||||||||||
Inland Empire Tobacco† | Zero Coupon | 6/1/2057 | CCC | 47,000 | 2,083,980 | |||||||||||
LA Co Tobacco | Zero Coupon | 6/1/2046 | NR | 10,000 | 1,756,000 | |||||||||||
MI Tob Settlement | Zero Coupon | 6/1/2058 | NR | 50,000 | 1,737,500 | |||||||||||
MI Tob Settlement | 5.125 | % | 6/1/2022 | B- | 2,060 | 2,063,131 | ||||||||||
MI Tob Settlement | 5.25 | % | 6/1/2022 | B- | 3,220 | 3,224,798 | ||||||||||
MI Tob Settlement | 6.00 | % | 6/1/2034 | B- | 5,000 | 5,052,200 | ||||||||||
Monroe Tobacco | Zero Coupon | 6/1/2061 | NR | 22,900 | 783,180 | |||||||||||
Nassau Co Tobacco | Zero Coupon | 6/1/2060 | NR | 50,000 | 1,511,500 | |||||||||||
Nassau Co Tobacco | 5.00 | % | 6/1/2035 | B- | 3,170 | 3,145,686 | ||||||||||
Nassau Co Tobacco | 5.25 | % | 6/1/2026 | B- | 4,000 | 3,996,560 | ||||||||||
Nthrn AK Tobacco | 5.00 | % | 6/1/2032 | B3 | 5,025 | 5,032,437 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Tobacco (continued) | ||||||||||||||||
Nthrn AK Tobacco | 5.00 | % | 6/1/2046 | B3 | $ | 2,840 | $ | 2,847,128 | ||||||||
Nthrn CA Tobacco | Zero Coupon | 6/1/2045 | CCC- | 27,500 | 3,879,975 | |||||||||||
Nthrn CA Tobacco | 5.50 | % | 6/1/2045 | B- | 5,280 | 5,302,229 | ||||||||||
RI Tob Settlement | Zero Coupon | 6/1/2052 | CCC- | 25,885 | 3,501,723 | |||||||||||
Rockland Tobacco† | Zero Coupon | 8/15/2060 | NR | 41,035 | 1,893,765 | |||||||||||
San Diego Co Tobacco | Zero Coupon | 6/1/2054 | NR | 16,000 | 2,465,120 | |||||||||||
San Diego Co Tobacco | 5.00 | % | 6/1/2048 | BBB- | 2,300 | 2,676,763 | ||||||||||
Silicon Valley Tobacco | Zero Coupon | 6/1/2056 | NR | 20,000 | 1,495,800 | |||||||||||
Sthrn CA Tobacco | Zero Coupon | 6/1/2046 | CCC- | 15,000 | 2,204,100 | |||||||||||
Suffolk Tobacco Asset Sec Corp | 6.625 | % | 6/1/2044 | NR | 5,200 | 5,461,092 | ||||||||||
Tobacco Settlement Auth IA | Zero Coupon | 6/1/2046 | NR | 10,000 | 1,430,400 | |||||||||||
Tobacco Settlement Auth IA | 5.375 | % | 6/1/2038 | B- | 6,220 | 6,221,306 | ||||||||||
Tobacco Settlement Auth IA | 5.50 | % | 6/1/2042 | B- | 2,880 | 2,880,576 | ||||||||||
Tobacco Settlement Fin Corp DC | Zero Coupon | 6/15/2055 | NR | 20,000 | 967,600 | |||||||||||
Tobacco Settlement Fin Corp NJ | 5.00 | % | 6/1/2046 | BB+ | 7,440 | 8,292,699 | ||||||||||
Tobacco Settlement Fin Corp VA | Zero Coupon | 6/1/2047 | CCC- | 7,500 | 838,500 | |||||||||||
Tobacco Settlement Fin Corp VA | Zero Coupon | 6/1/2047 | CCC- | 39,610 | 4,799,148 | |||||||||||
Tobacco Settlement Fin Corp VA | 5.00 | % | 6/1/2047 | B- | 13,870 | 14,008,839 | ||||||||||
TSASC | 5.00 | % | 6/1/2036 | A- | 280 | 328,387 | ||||||||||
TSASC | 5.00 | % | 6/1/2045 | CCC+ | 3,790 | 3,831,917 | ||||||||||
TSASC | 5.00 | % | 6/1/2048 | NR | 29,670 | 29,946,821 | ||||||||||
Total | 312,640,130 | |||||||||||||||
Transportation 6.79% | ||||||||||||||||
Bay Area Toll Auth | 3.00 | % | 4/1/2054 | AA- | 1,000 | 1,006,330 | ||||||||||
Broward Co Arpt AMT | 5.125 | % | 10/1/2038 | A+ | 2,835 | 3,224,444 | ||||||||||
CA Muni Fin Auth - LINXS AMT | 4.00 | % | 12/31/2047 | BBB | (e) | 11,200 | 11,951,184 | |||||||||
Chicago O’Hare Arpt | 4.00 | % | 1/1/2044 | A | 10,000 | 11,137,800 | ||||||||||
Chicago O’Hare Arpt AMT | 5.00 | % | 1/1/2031 | A | 2,985 | 3,176,040 | ||||||||||
Chicago O’Hare Arpt AMT | 5.00 | % | 1/1/2053 | A | 6,535 | 7,692,741 | ||||||||||
CT Airport Auth - Ground Trans Proj AMT | 4.00 | % | 7/1/2049 | A- | 2,850 | 3,094,786 | ||||||||||
Denver City & Co Arpt AMT | 5.50 | % | 11/15/2025 | A | 3,410 | 3,932,139 | ||||||||||
E470 Pub Hwy Auth | Zero Coupon | 9/1/2037 | A | 5,000 | 3,022,000 | |||||||||||
E470 Pub Hwy Auth (NPFGC)(FGIC) | Zero Coupon | 9/1/2031 | A | 25,000 | 18,642,000 | |||||||||||
Foothill/Eastern Corridor Toll Rd | Zero Coupon | 1/15/2033 | A- | 4,500 | 3,059,460 | |||||||||||
Foothill/Eastern Corridor Toll Rd | 3.50 | %#(b) | 1/15/2053 | A- | 16,980 | 17,704,367 | ||||||||||
Foothill/Eastern Corridor Toll Rd | 5.75 | % | 1/15/2046 | A- | 1,000 | 1,149,740 | ||||||||||
Foothill/Eastern Corridor Toll Rd | 6.00 | % | 1/15/2049 | A- | 5,000 | 6,007,800 | ||||||||||
Foothill/Eastern Corridor Toll Rd | 6.00 | % | 1/15/2053 | A- | 6,915 | 8,308,787 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Transportation (continued) | ||||||||||||||||
Foothill/Eastern Corridor Toll Rd | 6.50 | % | 1/15/2043 | BBB+ | $ | 2,000 | $ | 2,347,260 | ||||||||
Houston Arpt - Continental Airlines AMT | 5.00 | % | 7/15/2035 | BB | 3,000 | 3,370,800 | ||||||||||
IL State GO | 5.00 | % | 11/1/2027 | BBB- | 4,500 | 5,212,260 | ||||||||||
Kansas City IDA - Kansas City Intl Airport AMT | 5.00 | % | 3/1/2054 | A | 6,665 | 7,869,699 | ||||||||||
MD EDC - Ports America Chesapeake AMT | 5.00 | % | 6/1/2044 | Baa3 | 250 | 297,888 | ||||||||||
MD EDC - Ports America Chesapeake AMT | 5.00 | % | 6/1/2049 | Baa3 | 750 | 888,742 | ||||||||||
Met Airpt Auth - Dulles Metrorail | 4.00 | % | 10/1/2049 | A- | 3,500 | 3,831,205 | ||||||||||
Met Airpt Auth - Dulles Metrorail | 4.00 | % | 10/1/2053 | A- | 6,250 | 6,818,875 | ||||||||||
Met Nashville Arpt Auth AMT(c) | 4.00 | % | 7/1/2054 | A2 | 2,000 | 2,196,500 | ||||||||||
MI Strategic Fund - I-75 AMT (AGM) | 4.50 | % | 6/30/2048 | AA | 3,000 | 3,339,240 | ||||||||||
Mid Bay Bridge Auth | 7.25 | % | 10/1/2034 | AAA | (e) | 5,900 | 6,508,821 | |||||||||
NJ Trans Trust Fund | 6.00 | % | 6/15/2035 | BBB+ | 2,700 | 2,887,758 | ||||||||||
North TX Twy Auth | 4.25 | % | 1/1/2049 | A | 5,525 | 6,158,220 | ||||||||||
NY Trans Dev Corp - Delta AMT | 4.00 | % | 1/1/2036 | Baa3 | 4,130 | 4,502,402 | ||||||||||
NY Trans Dev Corp - LaGuardia Airport AMT | 5.25 | % | 1/1/2050 | Baa3 | 10,000 | 11,206,500 | ||||||||||
OH St Trpk | Zero Coupon | 2/15/2043 | Aa3 | 7,730 | 3,874,585 | |||||||||||
PA Tpk Commn | 4.00 | % | 12/1/2049 | A3 | 3,500 | 3,813,425 | ||||||||||
PA Tpk Commn | 5.00 | % | 12/1/2044 | A3 | 4,500 | 5,384,700 | ||||||||||
PR Hwy & Trans Auth(a) | 5.00 | % | 7/1/2020 | C | 6,035 | 2,791,187 | ||||||||||
PR Hwy & Trans Auth(a) | 5.00 | % | 7/1/2022 | C | 1,545 | 714,563 | ||||||||||
PR Hwy & Trans Auth(a) | 5.00 | % | 7/1/2028 | C | 1,015 | 139,563 | ||||||||||
Reno NV - ReTRAC-Reno Trans† | Zero Coupon | 7/1/2058 | NR | 33,500 | 4,862,860 | |||||||||||
San Joaquin Hills Trsp Corridor | 5.25 | % | 1/15/2049 | BBB+ | 5,000 | 5,679,350 | ||||||||||
South Caroliina Ports AMT | 5.25 | % | 7/1/2055 | A+ | 4,140 | 4,980,089 | ||||||||||
South Carolina Ports AMT | 5.25 | % | 7/1/2055 | A1 | 860 | 1,034,511 | ||||||||||
TX Surface Trans Corp - NTE Seg 3C AMT | 5.00 | % | 6/30/2058 | Baa3 | 24,250 | 28,297,810 | ||||||||||
TX Trans Comm - Hwy 249 | Zero Coupon | 8/1/2036 | Baa3 | 1,050 | 570,812 | |||||||||||
TX Trans Comm - Hwy 249 | Zero Coupon | 8/1/2040 | Baa3 | 1,100 | 474,485 | |||||||||||
TX Trans Comm - Hwy 249 | Zero Coupon | 8/1/2047 | Baa3 | 1,000 | 293,990 | |||||||||||
TX Trans Comm - Hwy 249 | Zero Coupon | 8/1/2048 | Baa3 | 1,000 | 279,150 | |||||||||||
TX Trans Comm - Hwy 249 | 5.00 | % | 8/1/2057 | Baa3 | 2,375 | 2,766,827 | ||||||||||
VA Small Bus Fing - Elizabeth River AMT | 6.00 | % | 1/1/2037 | BBB | 1,230 | 1,355,780 | ||||||||||
Total | 237,859,475 | |||||||||||||||
Utilities 8.17% | ||||||||||||||||
Burke Co Dev - Oglethorpe Power | 4.125 | % | 11/1/2045 | BBB+ | 4,705 | 5,008,096 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Utilities (continued) | ||||||||||||||||
Burke Co Dev - Oglethorpe Power | 4.125 | % | 11/1/2045 | BBB+ | $ | 14,335 | $ | 15,258,461 | ||||||||
CA Poll Ctl - Poseidon Res† | 5.00 | % | 11/21/2045 | Baa3 | 2,250 | 2,662,785 | ||||||||||
Campbell Co Solid Wste - Basin Elec | 3.625 | % | 7/15/2039 | A | 11,875 | 12,673,475 | ||||||||||
Central Plains - Goldman Sachs | 5.00 | % | 9/1/2042 | BBB+ | 3,860 | 5,279,476 | ||||||||||
Charlotte Co IDA - Babcock Ranch AMT† | 5.00 | % | 10/1/2034 | NR | 1,000 | 1,103,970 | ||||||||||
Charlotte Co IDA - Babcock Ranch AMT† | 5.00 | % | 10/1/2049 | NR | 5,500 | 5,970,030 | ||||||||||
CO Public Auth - ML | 6.50 | % | 11/15/2038 | A2 | 5,255 | 7,988,388 | ||||||||||
Compton Water | 6.00 | % | 8/1/2039 | NR | 3,710 | 3,720,833 | ||||||||||
Detroit Water | 5.25 | % | 7/1/2041 | AA- | 5,000 | 5,255,350 | ||||||||||
GA Muni Elec Auth - MEAG | 4.00 | % | 1/1/2049 | BBB+ | 10,000 | 10,644,800 | ||||||||||
GA Muni Elec Auth - MEAG | 5.00 | % | 1/1/2048 | BBB+ | 2,000 | 2,311,640 | ||||||||||
GA Muni Elec Auth - MEAG | 5.00 | % | 1/1/2059 | BBB+ | 7,300 | 8,310,101 | ||||||||||
GA Muni Elec Auth - MEAG | 5.00 | % | 1/1/2063 | A | 2,400 | 2,747,496 | ||||||||||
Guam Waterworks Auth | 5.50 | % | 7/1/2043 | A- | 2,535 | 2,773,670 | ||||||||||
HI Dept Budget - Hawaiian Electric | 3.20 | % | 7/1/2039 | Baa2 | 15,515 | 15,779,841 | ||||||||||
HI Dept Budget - Hawaiian Electric AMT | 4.00 | % | 3/1/2037 | Baa2 | 4,475 | 4,820,067 | ||||||||||
Jefferson Co Sewer | Zero Coupon | 10/1/2039 | BBB | 5,000 | 4,856,650 | |||||||||||
Jefferson Co Sewer | Zero Coupon | 10/1/2046 | BBB | 5,445 | 5,260,687 | |||||||||||
Jefferson Co Sewer | 6.00 | % | 10/1/2042 | BBB | 7,175 | 8,465,711 | ||||||||||
Jefferson Co Sewer | 6.50 | % | 10/1/2053 | BBB | 20,050 | 23,925,665 | ||||||||||
Jefferson Co Sewer (AGM) | Zero Coupon | 10/1/2028 | AA | 4,035 | 2,876,027 | |||||||||||
Jefferson Co Sewer (AGM) | Zero Coupon | 10/1/2042 | AA | 5,000 | 4,876,650 | |||||||||||
Jefferson Co Sewer (AGM) | 5.00 | % | 10/1/2044 | AA | 5,070 | 5,680,681 | ||||||||||
KY Muni Pwr - Prairie State Proj | 4.00 | % | 9/1/2045 | Baa1 | 5,710 | 6,062,193 | ||||||||||
Long Beach Nat Gas - ML | 5.50 | % | 11/15/2037 | A2 | 8,345 | 11,795,908 | ||||||||||
Maricopa Cnty Poll Cntrl - El Paso Elec | 3.60 | % | 2/1/2040 | BBB | 5,080 | 5,344,262 | ||||||||||
Maricopa Cnty Poll Cntrl - El Paso Elec | 3.60 | % | 4/1/2040 | BBB | 3,100 | 3,262,347 | ||||||||||
Moraine Ohio Solid Waste Disp Escrow AMT | Zero Coupon | 12/31/2025 | NR | 525 | 53 | (h) | ||||||||||
PR Aqueduct & Swr Auth | 4.25 | % | 7/1/2025 | Ca | 4,255 | 4,335,845 | ||||||||||
PR Aqueduct & Swr Auth | 5.00 | % | 7/1/2033 | Ca | 5,485 | 5,692,059 | ||||||||||
PR Aqueduct & Swr Auth | 5.125 | % | 7/1/2037 | Ca | 3,630 | 3,776,107 | ||||||||||
PR Aqueduct & Swr Auth | 5.25 | % | 7/1/2042 | Ca | 10,845 | 11,308,624 | ||||||||||
PR Aqueduct & Swr Auth | 6.00 | % | 7/1/2038 | Ca | 5,040 | 5,140,800 | ||||||||||
PR Aqueduct & Swr Auth | 6.00 | % | 7/1/2047 | Ca | 2,610 | 2,767,253 | ||||||||||
PR Elec Pwr Auth(a) | 5.00 | % | 7/1/2042 | D | (e) | 4,975 | 3,781,000 | |||||||||
PR Elec Pwr Auth(a) | 5.05 | % | 7/1/2042 | D | (e) | 3,425 | 2,603,000 | |||||||||
PR Elec Pwr Auth(a) | 5.25 | % | 7/1/2024 | D | (e) | 7,000 | 5,337,500 | |||||||||
PR Elec Pwr Auth(a) | 5.25 | % | 7/1/2040 | D | (e) | 22,690 | 17,301,125 | |||||||||
PR Elec Pwr Auth(a) | 5.50 | % | 7/1/2038 | D | (e) | 1,530 | 1,170,450 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||||||
Utilities (continued) | ||||||||||||||||||||
PR Elec Pwr Auth(a) | 5.75 | % | 7/1/2036 | D | (e) | $ | 3,040 | $ | 2,333,200 | |||||||||||
Prichard Wtr & Swr | 4.00 | % | 11/1/2044 | BBB+ | 1,500 | 1,578,285 | ||||||||||||||
Salt Verde Fin Corp - Citi | 5.00 | % | 12/1/2037 | A3 | 12,670 | 16,946,758 | ||||||||||||||
Texas Water Dev Brd | 4.00 | % | 10/15/2037 | AAA | 6,350 | 7,280,973 | ||||||||||||||
Total | 286,068,292 | |||||||||||||||||||
Total Municipal Bonds (cost $3,260,564,343) | 3,453,982,882 | |||||||||||||||||||
Interest | ||||||||||||||||||||
Rate | Final | |||||||||||||||||||
Interest | Reset | Maturity | ||||||||||||||||||
Rate# | Date(i) | Date | ||||||||||||||||||
SHORT-TERM INVESTMENTS 0.85% | ||||||||||||||||||||
Variable Rate Demand Notes 0.85% | ||||||||||||||||||||
Health Care 0.11% | ||||||||||||||||||||
Methodist Le Boneheur (AGM) | 1.60 | % | 12/31/2019 | 6/1/2042 | AA | 3,765 | 3,765,000 | |||||||||||||
Tax Revenue 0.03% | ||||||||||||||||||||
NYC TFA - Future Tax | 1.65 | % | 12/31/2019 | 5/1/2034 | AAA | 1,100 | 1,100,000 | |||||||||||||
Utilities 0.71% | ||||||||||||||||||||
Development Authority of Appling County | 1.73 | % | 12/31/2019 | 9/1/2041 | A- | 7,640 | 7,640,000 | |||||||||||||
NYC Wtr & Swr | 1.66 | % | 12/31/2019 | 6/15/2045 | AAA | 17,335 | 17,335,000 | |||||||||||||
Total | 24,975,000 | |||||||||||||||||||
Total Short-Term Investments (cost $29,840,000) | 29,840,000 | |||||||||||||||||||
Total Investments in Securities 99.44% (cost $3,290,404,343) | 3,483,822,882 | |||||||||||||||||||
Cash and Other Assets in Excess of Liabilities(j) 0.56% | 19,741,441 | |||||||||||||||||||
Net Assets 100.00% | $ | 3,503,564,323 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
AGM | Insured by - Assured Guaranty Municipal Corporation. |
AMBAC | Insured by - AMBAC Assurance Corporation. |
AMT | Income from the security may be subject to Alternative Minimum Tax. |
BAM | Insured by - Build America Mutual. |
COP | Certificates of Participation. |
FGIC | Insured by - Financial Guaranty Insurance Company. |
GTD | Guaranteed. |
NPFGC | Insured by - National Public Finance Guarantee Corporation. |
NR | Not Rated. |
TCRS | Transferable Custodial Receipt. |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At December 31, 2019, the total value of Rule 144A securities was $714,543,324, which represents 20.39% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at December 31, 2019. |
(a) | Defaulted (non-income producing security). |
(b) | Variable Rate is Fixed to Float: Rate remains fixed until designated future date. |
(c) | Securities purchased on a when-issued basis. |
(d) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments. |
(e) | This investment has been rated by Fitch IBCA. |
(f) | Stub Rights issued in connection with a plan of reorganization. |
(g) | Security is perpetual in nature and has no stated maturity. |
(h) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security fair valued by the Pricing Committee. |
(i) | The interest rate reset date shown represents the date in which the Fund has the right to sell a Variable Rate Demand Note (“VRDN”) back to the issuer for Principal Amount. The interest rate on the VRDN is generally reset daily based on the SIFMA Municipal Swap Index. |
(j) | Cash and Other Assets in Excess of Liabilities include net unrealized appreciation on futures contracts as follows: |
Open Futures Contracts at December 31, 2019:
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Appreciation | ||||||||||||
U.S. Long Bond | March 2020 | 456 | Short | $ | (72,870,182 | ) | $ | (71,093,250 | ) | $ | 1,776,932 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
The following is a summary of the inputs used as of December 31, 2019 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments | ||||||||||||||||
Municipal Bonds | ||||||||||||||||
Corporate-Backed | $ | — | $ | 376,467,962 | $ | 7,986,600 | $ | 384,454,562 | ||||||||
Housing | — | 116,404,323 | 2,881,235 | 119,285,558 | ||||||||||||
Lease Obligations | — | 146,869,490 | 587,860 | 147,457,350 | ||||||||||||
Other Revenue | — | 209,452,498 | 2,437,554 | 211,890,052 | ||||||||||||
Special Tax | — | 155,410,109 | 2,461,419 | 157,871,528 | ||||||||||||
Tax Revenue | — | 205,133,296 | 873,752 | 206,007,048 | ||||||||||||
Utilities | — | 286,068,239 | 53 | 286,068,292 | ||||||||||||
Remaining Industries | — | 1,940,948,492 | — | 1,940,948,492 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Variable Rate Demand Notes | — | 29,840,000 | — | 29,840,000 | ||||||||||||
Total | $ | — | $ | 3,466,594,409 | $ | 17,228,473 | $ | 3,483,822,882 | ||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts | ||||||||||||||||
Assets | $ | 1,776,932 | $ | — | $ | — | $ | 1,776,932 | ||||||||
Liabilities | — | — | — | — | ||||||||||||
Total | $ | 1,776,932 | $ | — | $ | — | $ | 1,776,932 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. Each level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
The following is a reconciliation of investments with unobservable inputs (Level 3) that were used in determining fair value:
Investment Type | Municipal Bonds | |||
Balance as of October 1, 2019 | $ | 21,431,587 | ||
Accrued Discounts (Premiums) | (958 | ) | ||
Realized Gain (Loss) | (1,862,628 | ) | ||
Change in Unrealized Appreciation (Depreciation) | 634,829 | |||
Purchases | — | |||
Sales | (1,610,580 | ) | ||
Transfers into Level 3 | 4,592,274 | |||
Transfers out of Level 3 | (5,956,051 | ) | ||
Balance as of December 31, 2019 | $ | 17,228,473 | ||
Change in unrealized appreciation/depreciation for the period ended December 31, 2019, related to Level 3 investments held at December 31, 2019 | $ | (107,354 | ) |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
MUNICIPAL BONDS 96.14% | ||||||||||||||||
Corporate-Backed 19.05% | ||||||||||||||||
AL IDA - Office Max Rmkt AMT | 6.45 | %#(a) | 12/1/2023 | B1 | $ | 675 | $ | 684,774 | ||||||||
AL IDA - Office Max Rmkt AMT | 6.45 | %#(a) | 12/1/2023 | B1 | 975 | 989,118 | ||||||||||
Allegheny Co IDA - US Steel | 4.875 | % | 11/1/2024 | B | 3,750 | 3,917,662 | ||||||||||
Allegheny Co IDA - US Steel | 6.55 | % | 12/1/2027 | B | 1,000 | 1,045,860 | ||||||||||
Arista Met District | 4.375 | % | 12/1/2028 | NR | 500 | 534,480 | ||||||||||
AZ IDA | 3.625 | % | 5/20/2033 | BBB | 1,247 | 1,408,463 | ||||||||||
Bucks Cnty IDA- Waste Mgmt AMT | 2.75 | %#(a) | 12/1/2022 | A- | 1,000 | 1,027,920 | ||||||||||
Build NYC Res Corp - Pratt Paper AMT† | 3.75 | % | 1/1/2020 | NR | 110 | 110,000 | ||||||||||
Build NYC Res Corp - Pratt Paper AMT† | 4.50 | % | 1/1/2025 | NR | 250 | 276,630 | ||||||||||
CA Fin Auth - United Airlines AMT | 4.00 | % | 7/15/2029 | BB | 2,910 | 3,310,154 | ||||||||||
CA MFA - Waste Mgmt AMT | 2.40 | %#(a) | 10/1/2044 | A- | 1,500 | 1,524,345 | ||||||||||
Downtown Doral CDD† | 3.875 | % | 12/15/2023 | NR | 205 | 208,046 | ||||||||||
Downtown Doral CDD† | 4.25 | % | 12/15/2028 | NR | 250 | 259,068 | ||||||||||
FL DFC - Waste Pro AMT† | 5.00 | % | 5/1/2029 | NR | 700 | 775,075 | ||||||||||
Greater Orlando Aviation - Jet Blue AMT | 5.00 | % | 11/15/2026 | NR | 100 | 108,139 | ||||||||||
Houston Arpt - Continental Airlines AMT | 5.00 | % | 7/15/2020 | BB | 1,000 | 1,018,360 | ||||||||||
Houston Arpt - Continental Airlines AMT | 5.00 | % | 7/1/2029 | BB | 250 | 278,480 | ||||||||||
Houston Arpt - United Airlines AMT | 5.00 | % | 7/15/2028 | BB | 1,000 | 1,196,290 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co | 3.125 | % | 12/1/2022 | B+ | 750 | 761,115 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co | 5.25 | % | 12/1/2025 | B+ | 4,035 | 4,466,543 | ||||||||||
IA Fin Auth - Iowa Fertilizer Co† | 5.875 | % | 12/1/2027 | B+ | 200 | 208,324 | ||||||||||
IN Fin Auth - US Steel | 6.00 | % | 12/1/2026 | B | 1,385 | 1,401,482 | ||||||||||
Int Falls MN - Office Max | 5.50 | % | 4/1/2023 | B1 | 1,010 | 1,024,625 | ||||||||||
LA Env Facs - Westlake Chem | 3.50 | % | 11/1/2032 | BBB | 3,620 | 3,827,281 | ||||||||||
LA Env Facs - Westlake Chem | 6.50 | % | 8/1/2029 | BBB | 170 | 174,937 | ||||||||||
LA Env Facs - Westlake Chem | 6.50 | % | 11/1/2035 | BBB | 810 | 841,865 | ||||||||||
LA St John Parish - Marathon Oil | 2.20 | %#(a) | 6/1/2037 | BBB | 750 | 757,380 | ||||||||||
Love Field Arpt - Southwest Airlines AMT | 5.00 | % | 11/1/2022 | A3 | 285 | 313,329 | ||||||||||
Main St Nat Gas - RBC | 2.18 (MUNIPSA * 1 + .57 | % %)# | 8/1/2048 | Aa2 | 1,325 | 1,325,464 | ||||||||||
Matagorda Co Nav Dist - AEP TX Central | 2.60 | % | 11/1/2029 | A- | 725 | 753,725 | ||||||||||
MI Strategic Fd - Waste Mgmt AMT | 2.85 | %#(a) | 8/1/2027 | A- | 1,000 | 1,021,000 | ||||||||||
Mission Econ Dev Corp - Natgasoline AMT† | 4.625 | % | 10/1/2031 | BB- | 3,125 | 3,379,219 | ||||||||||
Montgomery Co IDA - Peco Generation AMT | 2.70 | %#(a) | 10/1/2034 | BBB+ | 1,500 | 1,505,085 | ||||||||||
Nez Perce Co Poll Ctl - Potlatch | 2.75 | % | 10/1/2024 | BBB- | 2,835 | 2,943,779 | ||||||||||
NH Bus Fin Auth- United Illuminating | 2.80 | %#(a) | 10/1/2033 | A- | 1,000 | 1,042,580 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Corporate-Backed (continued) | ||||||||||||||||
NH Fin Auth - Casella Waste AMT† | 2.95 | %#(a) | 4/1/2029 | B | $ | 2,300 | $ | 2,303,634 | ||||||||
NH National Fin Auth - Covanta AMT† | 4.00 | % | 11/1/2027 | B1 | 1,025 | 1,082,482 | ||||||||||
Niagara Area Dev Corp - Covanta† | 3.50 | % | 11/1/2024 | B1 | 1,100 | 1,150,490 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.125 | % | 9/15/2023 | BB | 500 | 536,330 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.25 | % | 9/15/2029 | BB | 750 | 816,600 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.50 | % | 4/1/2028 | BB | 115 | 115,301 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.625 | % | 11/15/2030 | BB | 2,200 | 2,517,174 | ||||||||||
NJ EDA - Goethals Brdg AMT | 5.25 | % | 1/1/2025 | BBB | 160 | 182,792 | ||||||||||
NY Env Facs - Casella Waste AMT† | 2.875 | %#(a) | 12/1/2044 | B | 1,500 | 1,512,255 | ||||||||||
NY Env Facs - Casella Waste AMT† | 3.125 | %#(a) | 12/1/2044 | B | 1,000 | 1,030,210 | ||||||||||
NY Liberty Dev Corp - 3 WTC† | 5.15 | % | 11/15/2034 | NR | 100 | 112,167 | ||||||||||
NY Trans Dev Corp - American Airlines AMT | 5.00 | % | 8/1/2026 | BB- | 6,540 | 6,847,903 | ||||||||||
NY Trans Dev Corp - American Airlines AMT | 5.00 | % | 8/1/2031 | BB- | 1,555 | 1,622,642 | ||||||||||
NYC IDA - TRIPS AMT | 5.00 | % | 7/1/2022 | BBB+ | 1,000 | 1,084,560 | ||||||||||
OH Air Dev Auth - AEP AMT | 2.60 | %#(a) | 6/1/2041 | BBB+ | 1,500 | 1,504,695 | ||||||||||
OH Air Dev Auth - OVEC | 2.875 | % | 2/1/2026 | BB+ | 700 | 711,172 | ||||||||||
OH Air Dev Auth - OVEC | 3.25 | % | 9/1/2029 | BB+ | 2,750 | 2,842,647 | ||||||||||
OH Air Quality - Pratt Paper AMT† | 3.75 | % | 1/15/2028 | NR | 450 | 486,617 | ||||||||||
OH St Wtr Dev Auth - US Steel | 6.60 | % | 5/1/2029 | B | 200 | 208,452 | ||||||||||
PA Econ Dev Facs - Waste Mgmt AMT | 2.15 | %#(a) | 7/1/2041 | A- | 1,000 | 1,011,930 | ||||||||||
Port Seattle IDC - Delta Airlines AMT | 5.00 | % | 4/1/2030 | BBB- | 1,200 | 1,307,340 | ||||||||||
Salem Co Poll Ctl - Chambers AMT | 5.00 | % | 12/1/2023 | BBB | 3,270 | 3,510,835 | ||||||||||
St Charles Parish - Valero Energy | 4.00 | %#(a) | 12/1/2040 | BBB | 710 | 748,035 | ||||||||||
Tulsa Mun Arpt - American Airlines AMT | 5.00 | %#(a) | 6/1/2035 | BB- | 400 | 449,168 | ||||||||||
Tuscaloosa IDA - Hunt Refining† | 4.50 | % | 5/1/2032 | NR | 4,275 | 4,698,225 | ||||||||||
Warren Co - Intl Paper | 2.90 | %#(a) | 9/1/2032 | BBB | 750 | 781,373 | ||||||||||
Whiting Env Facs - BP AMT | 5.00 | %#(a) | 12/1/2044 | A1 | 500 | 591,530 | ||||||||||
Whiting Env Facs - BP AMT | 5.00 | %#(a) | 11/1/2045 | A1 | 1,170 | 1,278,412 | ||||||||||
WI PFA - American Dream† | 5.00 | % | 12/1/2027 | NR | 2,000 | 2,254,260 | ||||||||||
WI PFA - TRIPS AMT | 5.00 | % | 7/1/2022 | BBB+ | 425 | 443,373 | ||||||||||
WI Pub Fin Auth - Celanese AMT | 5.00 | % | 1/1/2024 | BBB | 500 | 552,245 | ||||||||||
WI Pub Fin Auth - Celanese AMT | 5.00 | % | 12/1/2025 | BBB | 2,490 | 2,855,084 | ||||||||||
WI Pub Fin Auth Solid - Waste Mgmt AMT | 2.00 | %#(a) | 7/1/2029 | A- | 1,500 | 1,510,425 | ||||||||||
Total | 93,080,955 | |||||||||||||||
Education 6.05% | ||||||||||||||||
AZ Edu Fac - Odyssey Prep† | 4.00 | % | 7/1/2029 | BB- | 500 | 513,365 | ||||||||||
AZ IDA - Academy of Math & Science Proj† | 5.00 | % | 7/1/2029 | BB | 750 | 851,092 | ||||||||||
CA Muni Fin - Julian Chtr Sch† | 5.00 | % | 3/1/2025 | B+ | 250 | 256,900 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Education (continued) | ||||||||||||||||
CA Muni Fin Auth- William Jessup U | 5.00 | % | 8/1/2024 | NR | $ | 735 | $ | 817,026 | ||||||||
Cap Trust Ed Facs - Advantage Charter Scho | 4.00 | % | 12/15/2024 | Baa3 | 435 | 458,338 | ||||||||||
Cap Trust Ed Facs - Advantage Charter Scho | 5.00 | % | 12/15/2029 | Baa3 | 400 | 448,104 | ||||||||||
Cap Trust Ed Facs - Renaissance CharterAdvantage Academy of Hillsborough, Inc.† | 4.00 | % | 6/15/2029 | NR | 1,000 | 1,032,130 | ||||||||||
Chester Co Hlth & Ed - Immaculata Univ | 5.00 | % | 11/1/2022 | BB | (b) | 630 | 665,293 | |||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2022 | BB- | 1,500 | 1,615,020 | ||||||||||
Clifton Higher Ed - Intl Ldrshp Sch | 4.625 | % | 8/15/2025 | NR | 100 | 107,490 | ||||||||||
CT Ed Facs - Univ of Hartford | 5.00 | % | 7/1/2029 | BBB- | 925 | 1,149,738 | ||||||||||
FL HI Ed - Jacksonville Univ† | 4.50 | % | 6/1/2033 | NR | 1,500 | 1,650,855 | ||||||||||
Frederick Co Ed Fac - Mount St Mary’s Univ† | 5.00 | % | 9/1/2027 | BB+ | 2,250 | 2,565,540 | ||||||||||
Glenville Clg | 3.25 | % | 6/1/2022 | NR | 545 | 542,989 | ||||||||||
Glenville Clg | 4.00 | % | 6/1/2027 | NR | 900 | 917,334 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 4/1/2021 | Baa3 | 150 | 150,290 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2023 | Baa3 | 500 | 555,485 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2024 | Baa3 | 500 | 568,195 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2025 | Baa3 | 600 | 694,704 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 9/1/2026 | Baa3 | 750 | 880,942 | ||||||||||
IL Fin Auth - IL Inst of Tech | 5.00 | % | 4/1/2031 | Baa3 | 390 | 390,753 | ||||||||||
MA DFA - Emerson Clg | 5.00 | % | 1/1/2024 | BBB+ | 500 | 565,120 | ||||||||||
Marietta Dev Auth - Life Univ† | 5.00 | % | 11/1/2027 | Ba3 | 2,000 | 2,275,580 | ||||||||||
Multnomah Co Hsp Facs - Mirabella | 5.00 | % | 10/1/2024 | NR | 200 | 222,516 | ||||||||||
NY Dorm - Pace Univ | 4.00 | % | 5/1/2022 | BBB- | 245 | 259,178 | ||||||||||
NY Dorm - Pace Univ | 5.00 | % | 5/1/2021 | BBB- | 530 | 554,931 | ||||||||||
NY Dorm - Yeshiva Univ | 4.00 | % | 11/1/2025 | B3 | 175 | 181,248 | ||||||||||
NY Dorm - Yeshiva Univ | 4.00 | % | 11/1/2026 | B3 | 145 | 150,017 | ||||||||||
NY Dorm - Yeshiva Univ | 5.00 | % | 11/1/2021 | B3 | 685 | 722,826 | ||||||||||
NY Dorm - Yeshiva Univ | 5.00 | % | 9/1/2027 | BBB- | 1,595 | 1,598,796 | ||||||||||
NY Dorm - Yeshiva Univ | 5.00 | % | 9/1/2028 | BBB- | 595 | 596,351 | ||||||||||
NYC IDA - Yankee Stadium (FGIC) | 2.654 (CPI Based) | % # | 3/1/2027 | Baa1 | 2,235 | 2,245,862 | ||||||||||
OH Hgr Ed Facs - Dayton Univ (AMBAC) | 2.811 (CPI Based) | % # | 12/1/2022 | A+ | 1,865 | 1,916,660 | ||||||||||
Pima IDA - American Leadership Acad† | 4.00 | % | 6/15/2022 | NR | 1,405 | 1,435,994 | ||||||||||
Total | 29,556,662 | |||||||||||||||
Financial Services 1.10% | ||||||||||||||||
MA Ed Fin Auth AMT | 5.00 | % | 7/1/2025 | AA | 2,000 | 2,345,520 | ||||||||||
NJ Higher Ed Assistance Auth AMT | 3.35 | % | 12/1/2029 | Aaa | 2,860 | 3,044,127 | ||||||||||
Total | 5,389,647 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation 10.70% | ||||||||||||||||
Atlantic City GO (BAM) | 5.00 | % | 3/1/2022 | AA | $ | 245 | $ | 262,772 | ||||||||
Chicago Brd Ed | Zero Coupon | 12/1/2025 | BB- | 1,000 | 855,460 | |||||||||||
Chicago Brd Ed | 4.00 | % | 12/1/2020 | BB- | 1,000 | 1,018,500 | ||||||||||
Chicago Brd Ed | 4.00 | % | 12/1/2022 | BB- | 1,175 | 1,232,187 | ||||||||||
Chicago Brd Ed | 4.00 | % | 12/1/2022 | BB- | 1,290 | 1,352,784 | ||||||||||
Chicago Brd Ed | 4.00 | % | 12/1/2027 | BB- | 1,250 | 1,351,100 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2022 | BB- | 1,830 | 1,970,325 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2023 | BB- | 1,670 | 1,833,126 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2024 | BB- | 2,000 | 2,232,200 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2027 | BB- | 1,500 | 1,746,750 | ||||||||||
Chicago Brd Ed | 5.00 | % | 12/1/2031 | BB- | 105 | 107,295 | ||||||||||
Chicago Brd Ed | 7.00 | % | 12/1/2026 | BB- | 100 | 124,775 | ||||||||||
Chicago Brd Ed (AGM) | 5.00 | % | 12/1/2027 | AA | 1,000 | 1,201,890 | ||||||||||
Chicago Brd Ed (NPFGC)(FGIC) | Zero Coupon | 12/1/2026 | Baa2 | 1,485 | 1,247,489 | |||||||||||
Chicago GO | 4.00 | % | 1/1/2022 | BBB+ | 205 | 216,320 | ||||||||||
Chicago GO | 4.50 | % | 1/1/2020 | BBB+ | 700 | 700,000 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2024 | BBB+ | 1,415 | 1,492,132 | ||||||||||
Chicago GO | 5.00 | % | 1/1/2024 | BBB+ | 2,930 | 3,220,392 | ||||||||||
Chicago GO | 5.25 | % | 1/1/2022 | BBB+ | 1,330 | 1,407,991 | ||||||||||
Cook Co GO | 5.00 | % | 11/15/2022 | AA- | 335 | 366,326 | ||||||||||
IL State GO | 5.00 | % | 1/1/2020 | BBB- | 1,010 | 1,010,000 | ||||||||||
IL State GO | 5.00 | % | 2/1/2020 | BBB- | 1,175 | 1,178,137 | ||||||||||
IL State GO | 5.00 | % | 4/1/2020 | BBB- | 565 | 569,746 | ||||||||||
IL State GO | 5.00 | % | 7/1/2020 | BBB- | 790 | 803,177 | ||||||||||
IL State GO | 5.00 | % | 7/1/2021 | BBB- | 835 | 873,844 | ||||||||||
IL State GO | 5.00 | % | 11/1/2021 | BBB- | 3,300 | 3,484,668 | ||||||||||
IL State GO | 5.00 | % | 11/1/2025 | BBB- | 2,000 | 2,277,260 | ||||||||||
IL State GO | 5.00 | % | 12/1/2026 | Baa3 | 3,000 | 3,463,410 | ||||||||||
IL State GO | 5.00 | % | 11/1/2028 | BBB- | 4,405 | 5,075,573 | ||||||||||
IL State GO | 5.00 | % | 11/1/2029 | BBB- | 1,085 | 1,242,651 | ||||||||||
New Haven GO | 5.00 | % | 8/1/2025 | BBB+ | 580 | 675,097 | ||||||||||
Philadelphia Sch Dist | 5.00 | % | 9/1/2025 | A2 | 200 | 236,734 | ||||||||||
PR Comwlth GO(c) | 4.00 | % | 7/1/2021 | Ca | 920 | 634,800 | ||||||||||
PR Comwlth GO(c) | 5.50 | % | 7/1/2017 | NR | 110 | 87,450 | ||||||||||
PR Comwlth GO(c) | 5.50 | % | 7/1/2019 | NR | 265 | 210,675 | ||||||||||
PR Comwlth GO(c) | 8.00 | % | 7/1/2035 | Ca | 2,000 | 1,277,500 | ||||||||||
PR Comwlth GO (AGC) | 3.016 (CPI Based) | % # | 7/1/2020 | AA | 325 | 324,695 | ||||||||||
PR Comwlth GO (NPFGC)(FGIC) | 5.50 | % | 7/1/2020 | Baa2 | 230 | 233,793 | ||||||||||
PR Comwlth GO TCRS (AMBAC) | 4.50 | % | 7/1/2023 | Ca | 670 | 674,348 | ||||||||||
PR Elec Pwr Auth (NPFGC)(FGIC) | 5.25 | % | 7/1/2023 | Baa2 | 1,690 | 1,807,726 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
PR Pub Bldg Auth (NPFGC)(FGIC) GTD | 6.00 | % | 7/1/2023 | Baa2 | $ | 1,500 | $ | 1,641,450 | ||||||||
PR Pub Bldg Auth GTD(c) | 5.50 | % | 7/1/2023 | Ca | 55 | 47,575 | ||||||||||
PR Pub Bldg Auth GTD(c) | 5.50 | % | 7/1/2027 | Ca | 245 | 222,031 | ||||||||||
VT EDA - Casella Waste AMT† | 4.625 | %#(a) | 4/1/2036 | B | 250 | 283,785 | ||||||||||
Total | 52,275,939 | |||||||||||||||
Health Care 19.41% | ||||||||||||||||
Antelope Valley Hlth | 5.00 | % | 3/1/2021 | Ba3 | 105 | 107,056 | ||||||||||
Atlanta Dev Auth - Georgia Proton Ctr | 6.00 | % | 1/1/2023 | NR | 2,000 | 2,048,580 | ||||||||||
AZ St Hlth Facs- Banner Health | 2.216 (3 Mo. LIBOR * .67 + .81 | % %)# | 1/1/2037 | AA- | 3,405 | 3,397,849 | ||||||||||
Blaine Sr Hsg & Hlthcare - Crest View | 5.125 | % | 7/1/2025 | NR | 275 | 278,080 | ||||||||||
Botetourt Co - Glebe | 4.75 | % | 7/1/2023 | NR | 225 | 233,874 | ||||||||||
CA Fin Auth - HealthRIGHT360† | 5.00 | % | 11/1/2029 | NR | 500 | 584,070 | ||||||||||
CA Stwde - Daughters of Charity | 5.50 | % | 7/1/2022 | NR | 105 | 104,556 | ||||||||||
CA Stwde - Daughters of Charity | 5.75 | % | 7/1/2024 | NR | 655 | 651,168 | ||||||||||
CA Stwde - Loma Linda Univ Med† | 5.00 | % | 12/1/2031 | BB- | 1,000 | 1,144,530 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr† | 5.00 | % | 12/1/2025 | BB- | 1,000 | 1,154,480 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr† | 5.00 | % | 12/1/2026 | BB- | 1,070 | 1,256,009 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr† | 5.00 | % | 12/1/2028 | BB- | 275 | 329,057 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr | 5.25 | % | 12/1/2029 | BB- | 1,000 | 1,139,910 | ||||||||||
Calcasieu Parish Hsp - Lake Charles Mem | 5.00 | % | 12/1/2027 | BB+ | 500 | 597,340 | ||||||||||
Calcasieu Parish Hsp Rev- Lake Charles Mem | 5.00 | % | 12/1/2028 | BB+ | 1,600 | 1,928,448 | ||||||||||
City of Atlantic Beach Fl - Fleet Landing | 3.00 | % | 11/15/2023 | BBB | (b) | 1,000 | 1,004,360 | |||||||||
City of Oroville- Oroville Hsp | 5.00 | % | 4/1/2026 | BB+ | 1,255 | 1,457,268 | ||||||||||
City of Oroville- Oroville Hsp | 5.00 | % | 4/1/2029 | BB+ | 900 | 1,086,444 | ||||||||||
CO Hlt Facs - Christian Living | 4.00 | % | 1/1/2027 | NR | 200 | 221,306 | ||||||||||
CO Hlt Facs - Christian Living | 4.00 | % | 1/1/2028 | NR | 245 | 273,361 | ||||||||||
CO Hlth Facs - Fraiser Meadows | 5.00 | % | 5/15/2021 | BB+ | (b) | 810 | 843,137 | |||||||||
CT Hlth & Ed - Griffin Hosp†(d) | 5.00 | % | 7/1/2032 | BB+ | 740 | 878,225 | ||||||||||
Cumberland Co Mun Auth - Asbury | 3.00 | % | 1/1/2023 | NR | 855 | 861,045 | ||||||||||
Cumberland Co Mun Auth - Asbury | 3.00 | % | 1/1/2024 | NR | 410 | 412,452 | ||||||||||
Cuyahoga Co Hsp - Metrohealth | 5.00 | % | 2/15/2023 | Baa3 | 1,500 | 1,635,495 | ||||||||||
Cuyahoga Co Hsp - Metrohealth | 5.00 | % | 2/15/2028 | NR | 500 | 591,780 | ||||||||||
Cuyahoga Co Hsp - Metrohealth | 5.00 | % | 2/15/2030 | NR | 1,900 | 2,229,251 | ||||||||||
Dev Auth of Floyd Cnty - Spires at Berry | 5.50 | % | 12/1/2028 | NR | 1,000 | 1,036,890 | ||||||||||
Eisenhower Med Ctr | 5.00 | % | 7/1/2027 | Baa2 | 590 | 717,800 | ||||||||||
Franklin Co IDA - Menno-Haven | 5.00 | % | 12/1/2026 | NR | 500 | 564,315 | ||||||||||
Fulton Co - Canterbury Court† | 3.00 | % | 4/1/2024 | NR | 2,435 | 2,438,214 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
Glendale IDA - Beatitudes | 4.00 | % | 11/15/2027 | NR | $ | 285 | $ | 297,278 | ||||||||
Glendale IDA - Beatitudes | 5.00 | % | 11/15/2023 | NR | 1,715 | 1,837,983 | ||||||||||
Guadalupe Co - Seguin City Hospital | 4.00 | % | 12/1/2026 | BB | 350 | 371,399 | ||||||||||
Guadalupe Co - Seguin City Hospital | 5.00 | % | 12/1/2022 | BB | 250 | 266,555 | ||||||||||
Guadalupe Co - Seguin City Hospital | 5.00 | % | 12/1/2023 | BB | 1,280 | 1,389,184 | ||||||||||
Hanover Co EDA - Covenant Woods | 3.625 | % | 7/1/2028 | NR | 575 | 593,365 | ||||||||||
Howard Co Retmt Cmnty - Vantage House | 5.00 | % | 4/1/2021 | NR | 170 | 173,373 | ||||||||||
Howard Co Retmt Cmnty - Vantage House | 5.00 | % | 4/1/2021 | NR | 320 | 326,301 | ||||||||||
IA Fin Auth - Lifespace | 2.875 | % | 5/15/2049 | BBB | (b) | 500 | 503,175 | |||||||||
ID HFA - Madison Mem Hosp | 5.00 | % | 9/1/2023 | BB+ | 1,795 | 1,976,780 | ||||||||||
ID HFA - Madison Mem Hosp | 5.00 | % | 9/1/2029 | BB+ | 710 | 811,786 | ||||||||||
Il Fin Auth - Lutheran Life | 5.00 | % | 11/1/2028 | NR | 1,745 | 1,966,807 | ||||||||||
IL Fin Auth - Plymouth Place | 5.00 | % | 5/15/2025 | BB+ | (b) | 125 | 138,216 | |||||||||
IL Fin Auth - Three Crowns Park | 3.25 | % | 2/15/2022 | NR | 380 | 382,322 | ||||||||||
King Co Pub Hsp - Snoqualmie Vly Hsp | 5.00 | % | 12/1/2025 | NR | 100 | 104,352 | ||||||||||
Kirkwood IDA - Aberdeen Hts | 5.00 | % | 5/15/2022 | BB | (b) | 800 | 846,608 | |||||||||
Kirkwood IDA - Aberdeen Hts | 5.25 | % | 5/15/2028 | BB | (b) | 1,135 | 1,322,196 | |||||||||
Kirkwood IDA - Aberdeen Hts | 8.00 | % | 5/15/2021 | NR | 185 | 189,584 | ||||||||||
Lancaster Co Hosp Auth - Bretheren Village | 5.00 | % | 7/1/2023 | BB+ | (b) | 700 | 751,891 | |||||||||
Lenexa KS Hlth Facs - Lakeview Village | 5.00 | % | 5/15/2024 | BB+ | (b) | 1,895 | 2,100,532 | |||||||||
MA Hlth & Edu Facs - Trinity Hlth | 2.10 (3 Mo. LIBOR * .67 + .82 | % %)# | 11/15/2032 | AA- | 1,755 | 1,782,975 | ||||||||||
MD Hlth & HI Ed - Adventist | 5.00 | % | 1/1/2021 | Baa3 | 600 | 621,012 | ||||||||||
ME Hlth & Hi Ed - MaineGeneral Hlth | 7.50 | % | 7/1/2032 | Ba3 | 475 | 514,244 | ||||||||||
Mesquite Hlth - Christian Care Ctrs | 5.00 | % | 2/15/2026 | BB- | (b) | 1,000 | 1,022,670 | |||||||||
Monroe Co - St. Ann’s | 4.00 | % | 1/1/2030 | NR | 750 | 802,627 | ||||||||||
Montgomery Co IDA - Einstein Hlthcare | 5.00 | % | 1/15/2022 | Ba1 | 250 | 266,202 | ||||||||||
Montgomery Co IDA - Trinity Health | 2.11 (3 Mo. LIBOR * .67 + .83 | % %)# | 11/15/2034 | AA- | 1,400 | 1,419,306 | ||||||||||
Montgomery Co IDA - Whitemarsh | 4.00 | % | 1/1/2023 | NR | 2,000 | 2,052,240 | ||||||||||
Muskingum Co Hsp - Genesis Hlthcare | 4.00 | % | 2/15/2023 | BB+ | 1,500 | 1,588,065 | ||||||||||
Muskingum Co Hsp - Genesis Hlthcare | 5.00 | % | 2/15/2021 | BB+ | 275 | 283,935 | ||||||||||
NC Med Care - Sharon Towers | 4.00 | % | 7/1/2029 | NR | 1,970 | 2,218,062 | ||||||||||
New Hope Cult Ed Facs - Carillon | 3.00 | % | 7/1/2020 | NR | 585 | 584,117 | ||||||||||
New Hope Cult Ed Facs - Carillon | 4.00 | % | 7/1/2028 | NR | 2,620 | 2,646,881 | ||||||||||
New Hope Cultural - Wesleyan Homes | 3.00 | % | 1/1/2024 | NR | 280 | 280,944 | ||||||||||
New Hope Cultural - Wesleyan Homes | 4.00 | % | 1/1/2029 | NR | 470 | 487,263 | ||||||||||
NJ EDA - Lions Gate | 4.00 | % | 1/1/2020 | NR | 325 | 325,000 | ||||||||||
NJ EDA - Lions Gate | 4.375 | % | 1/1/2024 | NR | 700 | 715,491 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
NJ Hlth - St Peters Univ Hsp | 5.00 | % | 7/1/2021 | BB+ | $ | 225 | $ | 233,467 | ||||||||
NJ Hlth - St Peters Univ Hsp | 5.75 | % | 7/1/2037 | BB+ | 160 | 160,528 | ||||||||||
Norfolk Redev & Hsg Auth - Harbor’s Edge | 4.00 | % | 1/1/2025 | NR | 2,000 | 2,000,580 | ||||||||||
NY Dorm - Orange Reg Med Ctr† | 5.00 | % | 12/1/2022 | BBB- | 200 | 219,194 | ||||||||||
NY Dorm - Orange Reg Med Ctr† | 5.00 | % | 12/1/2022 | BBB- | 500 | 547,985 | ||||||||||
Oconee CO IDA - Westminster Pres Vlg Proj | 5.50 | % | 12/1/2028 | NR | 2,000 | 2,031,380 | ||||||||||
OK DFA - OU Med | 5.00 | % | 8/15/2022 | Baa3 | 235 | 254,437 | ||||||||||
OK DFA - OU Med | 5.00 | % | 8/15/2023 | Baa3 | 340 | 378,315 | ||||||||||
OU MedOK DFA OK DFA - OU Med | 5.00 | % | 8/15/2024 | Baa3 | 1,400 | 1,597,932 | ||||||||||
Palm Beach Co Hlth - Sinai Residences | 6.75 | % | 6/1/2024 | NR | 330 | 370,154 | ||||||||||
Palomar Health | 5.00 | % | 11/1/2031 | BBB | 750 | 873,187 | ||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.00 | % | 7/1/2023 | BBB- | 1,000 | 1,103,060 | ||||||||||
Philadelphia Hsps - Temple Univ Hlth | 5.00 | % | 7/1/2029 | BBB- | 2,185 | 2,573,143 | ||||||||||
Philadelphia IDA - Wesley | 5.00 | % | 7/1/2032 | BB | (b) | 500 | 563,455 | |||||||||
Pinellas Co IDA - Patel Foundation | 5.00 | % | 7/1/2029 | NR | 1,450 | 1,725,050 | ||||||||||
Red River Hlth - Methodist Ret Cmnty | 6.75 | % | 11/15/2024 | NR | 100 | 117,452 | ||||||||||
Rochester Hlth & Hsg - Homestead | 5.00 | % | 12/1/2025 | NR | 700 | 753,669 | ||||||||||
San Buenaventura - Cmnty Mem Hlth | 8.00 | % | 12/1/2026 | BB | 775 | 864,574 | ||||||||||
San Buenaventura - Cmnty Mem Hlth | 8.00 | % | 12/1/2031 | BB | 670 | 744,290 | ||||||||||
SC Jobs EDA - Hampton Regl Med | 5.00 | % | 11/1/2021 | NR | 670 | 703,882 | ||||||||||
SC Jobs EDA - Hampton Regl Med | 5.00 | % | 11/1/2022 | NR | 700 | 752,794 | ||||||||||
SC Jobs EDA - Hampton Regl Med | 5.00 | % | 11/1/2023 | NR | 740 | 809,797 | ||||||||||
SE Port Auth - Memorial Hlth | 5.00 | % | 12/1/2022 | BB- | (b) | 250 | 262,508 | |||||||||
SE Port Auth - Memorial Hlth | 5.00 | % | 12/1/2023 | BB- | (b) | 100 | 108,957 | |||||||||
Seminole Co - Legacy Pointe(d) | 5.00 | % | 11/15/2029 | NR | 1,000 | 1,002,260 | ||||||||||
Shelby Co - Farms at Bailey Station | 5.00 | % | 10/1/2029 | NR | 2,500 | 2,524,475 | ||||||||||
Tarrant Co Cultural - Buckingham(c) | 4.50 | % | 11/15/2021 | D | (b) | 695 | 486,500 | |||||||||
Tempe IDA - ASU Mirabella† | 4.00 | % | 10/1/2023 | NR | 1,575 | 1,587,726 | ||||||||||
Tulsa Co Industrial Auth - Montereau | 5.00 | % | 11/15/2023 | BBB- | (b) | 230 | 255,275 | |||||||||
WA Hsg - Transforming Age† | 2.375 | % | 1/1/2026 | BB | (b) | 425 | 425,463 | |||||||||
Waverly Hlth Ctr | 2.50 | % | 12/31/2022 | NR | 800 | 805,176 | ||||||||||
Wesley Enhanced Living & Sub Organizations | 5.00 | % | 7/1/2031 | BB | (b) | 200 | 225,952 | |||||||||
WI Hlth & Ed - American Baptist | 3.50 | % | 8/1/2022 | NR | 615 | 621,285 | ||||||||||
WI Hlth & Ed - American Baptist | 4.375 | % | 8/1/2027 | NR | 225 | 238,066 | ||||||||||
WI Hlth Fac Auth - St. Camillus | 5.00 | % | 11/1/2025 | NR | 245 | 270,046 | ||||||||||
WI Hlth Fac Auth - St. Camillus | 5.00 | % | 11/1/2026 | NR | 355 | 395,051 | ||||||||||
WI Hlth Fac Auth - St. Camillus | 5.00 | % | 11/1/2027 | NR | 375 | 421,121 | ||||||||||
WI PFA - Bancroft Neuro† | 4.00 | % | 6/1/2020 | NR | 635 | 638,226 | ||||||||||
Total | 94,813,483 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Housing 2.50% | ||||||||||||||||
CA HFA - MFH | 4.00 | % | 3/20/2033 | BBB+ | $ | 850 | $ | 973,658 | ||||||||
CA Stwde - College of the Arts Student Hsg† | 5.00 | % | 7/1/2024 | BB+ | 500 | 542,815 | ||||||||||
Ca Stwde - Lancer Student Hsg† | 3.00 | % | 6/1/2029 | NR | 750 | 776,963 | ||||||||||
MA DFA - Newbridge† | 3.50 | % | 10/1/2022 | BB+ | (b) | 600 | 622,602 | |||||||||
Montgomery Co Hsg | 4.00 | % | 7/1/2048 | Aa2 | 765 | 822,497 | ||||||||||
NC State Hsg Fin Agy | 4.00 | % | 7/1/2047 | AA+ | 795 | 852,176 | ||||||||||
NJ Hsg and Mtg Fin Auth | 4.50 | % | 10/1/2048 | AA | 1,320 | 1,461,729 | ||||||||||
NYC IDA - Yankee Stadium (FGIC) | 2.584 (CPI Based) | % # | 3/1/2021 | Baa1 | 630 | 635,626 | ||||||||||
PA Hsg Fin Auth AMT | 4.00 | % | 4/1/2039 | AA+ | 795 | 837,143 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2026 | Baa3 | 640 | 761,171 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2028 | Baa3 | 240 | 289,838 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2029 | Baa3 | 300 | 365,976 | ||||||||||
Phoenix IDA - ASU Std Hsg | 5.00 | % | 7/1/2030 | Baa3 | 225 | 272,079 | ||||||||||
Roanoke Co EDA - Richfield Living | 4.25 | % | 9/1/2024 | NR | 1,555 | 1,584,732 | ||||||||||
Roanoke Co EDA - Richfield Living | 4.75 | % | 9/1/2029 | NR | 1,335 | 1,392,952 | ||||||||||
Total | 12,191,957 | |||||||||||||||
Lease Obligations 4.43% | ||||||||||||||||
Aviation Station North Met Dist | 4.00 | % | 12/1/2029 | NR | 500 | 515,545 | ||||||||||
KY Ppty & Bldgs Commn - Proj #112 | 5.00 | % | 11/1/2024 | A1 | 1,000 | 1,161,380 | ||||||||||
NJ EDA - Sch Facs | 2.86 (MUNIPSA * 1 + 1.25 | % %)# | 9/1/2025 | BBB+ | 2,030 | 2,029,148 | ||||||||||
NJ EDA - Sch Facs | 3.16 (MUNIPSA * 1 + 1.55 | % %)# | 9/1/2027 | BBB+ | 430 | 431,410 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2023 | BBB+ | 2,005 | 2,213,861 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2023 | BBB+ | 3,415 | 3,801,407 | ||||||||||
NJ EDA - Sch Facs | 5.50 | % | 9/1/2021 | BBB+ | 320 | 335,126 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2023 | BBB+ | 1,000 | 1,128,470 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2026 | BBB+ | 3,300 | 3,903,966 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2029 | BBB+ | 4,800 | 5,772,576 | ||||||||||
PA COPS | 5.00 | % | 7/1/2024 | A2 | 300 | 345,870 | ||||||||||
Total | 21,638,759 | |||||||||||||||
Other Revenue 6.12% | ||||||||||||||||
Arlington Hi Ed Fin Corp - Newman Intl Acad | 4.375 | % | 8/15/2026 | NR | 240 | 249,624 | ||||||||||
AZ IDA - Academy of Math & Science† | 4.00 | % | 7/1/2029 | BB | 400 | 430,656 | ||||||||||
AZ IDA - Basis Schools† | 5.00 | % | 7/1/2026 | BB | 500 | 558,530 | ||||||||||
Brooklyn Arena LDC - Barclays Ctr | 5.00 | % | 7/15/2030 | Ba1 | 2,000 | 2,325,520 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Other Revenue (continued) | ||||||||||||||||
CA Sch Fin Auth - Green Dot Charter† | 5.00 | % | 8/1/2025 | BBB- | $ | 150 | $ | 176,244 | ||||||||
CA Sch Fin Auth - Green Dot Charter† | 5.00 | % | 8/1/2026 | BBB- | 150 | 179,397 | ||||||||||
CA Sch Fin Auth - Green Dot Charter† | 5.00 | % | 8/1/2027 | BBB- | 160 | 194,440 | ||||||||||
Chester Co IDA - Collegium Charter Sch | 3.70 | % | 10/15/2022 | BB | 1,000 | 1,007,630 | ||||||||||
Cleveland Co Port Auth - Playhouse Sq | 5.00 | % | 12/1/2028 | BB+ | 1,450 | 1,609,833 | ||||||||||
Clifton Higher Ed - Intl Ldrshp Sch | 5.25 | % | 8/15/2026 | NR | 1,600 | 1,812,160 | ||||||||||
Clifton Higher Ed - Intl Ldrshp Sch | 5.25 | % | 8/15/2028 | NR | 1,915 | 2,152,977 | ||||||||||
FL DFC - FL Charter Foundation† | 4.00 | % | 7/15/2026 | NR | 750 | 766,522 | ||||||||||
FL DFC - Renaissance Chtr Sch† | 5.00 | % | 6/15/2025 | NR | 130 | 136,708 | ||||||||||
FL DFC - Renaissance Chtr Sch | 7.00 | % | 6/15/2026 | B+ | (b) | 1,610 | 1,709,900 | |||||||||
FL DFC - Renaissance Chtr Sch | 7.625 | % | 6/15/2041 | B+ | (b) | 250 | 265,033 | |||||||||
Florence Twn IDA - Legacy Trad Sch | 5.00 | % | 7/1/2023 | Ba2 | 165 | 172,638 | ||||||||||
Houston Hi Ed - Cosmos Fndtn | 4.00 | % | 2/15/2022 | BBB | 385 | 394,714 | ||||||||||
Houston Hi Ed - Cosmos Fndtn | 5.875 | % | 5/15/2021 | BBB | 285 | 295,451 | ||||||||||
Jefferson Parish Econ Dev Dist - Kenner† | 4.80 | % | 6/15/2029 | NR | 2,000 | 2,152,340 | ||||||||||
KY Public Energy Auth - Peak Energy | 4.00 | %#(a) | 2/1/2050 | A3 | 3,000 | 3,432,420 | ||||||||||
Lowndes Co Poll Ctl - Weyerhaeuser | 6.80 | % | 4/1/2022 | BBB | 2,270 | 2,490,440 | ||||||||||
Main St Nat Gas - Macquarie | 5.00 | % | 5/15/2026 | A3 | 1,000 | 1,186,390 | ||||||||||
Main St Nat Gas - Ml | 5.00 | % | 3/15/2022 | A2 | 1,050 | 1,128,939 | ||||||||||
Maricopa Co - Legacy Schools† | 4.00 | % | 7/1/2029 | Ba2 | 500 | 539,330 | ||||||||||
Maricopa Co IDA - Paradise Schools† | 2.875 | % | 7/1/2021 | BB+ | 260 | 260,499 | ||||||||||
MD EDC - Chesapeake Bay Hyatt(c) | 5.00 | % | 12/1/2031 | NR | 1,500 | 967,500 | ||||||||||
Patriots Energy Group - RBC | 4.00 | %#(a) | 10/1/2048 | Aa2 | 2,000 | 2,181,060 | ||||||||||
Phoenix IDA - Basis Schs† | 3.00 | % | 7/1/2020 | BB | 60 | 60,223 | ||||||||||
Phoenix IDA - Legacy Tradtl Schs† | 3.00 | % | 7/1/2020 | Ba2 | 95 | 95,129 | ||||||||||
Salt Verde Fin Corp - Citi | 5.25 | % | 12/1/2023 | A3 | 235 | 266,175 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2027 | A3 | 250 | 274,490 | ||||||||||
UT Charter Sch Fin Auth - Freedom Academy† | 3.625 | % | 6/15/2021 | NR | 240 | 239,947 | ||||||||||
Yonkers EDC - Charter Sch Ed Excellence | 6.00 | % | 10/15/2030 | BB | 165 | 169,198 | ||||||||||
Total | 29,882,057 | |||||||||||||||
Special Tax 3.50% | ||||||||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2022 | Ba3 | 1,550 | 1,642,101 | ||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2023 | Ba3 | 250 | 270,663 | ||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2027 | Ba3 | 1,250 | 1,455,288 | ||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2028 | NR | 2,000 | 2,259,960 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Special Tax (continued) | ||||||||||||||||
Allentown Neighborhood Impt† | 5.00 | % | 5/1/2033 | Ba3 | $ | 100 | $ | 116,803 | ||||||||
Berkeley Co - Nexton Imp Dist | 4.00 | % | 11/1/2030 | NR | 425 | 429,033 | ||||||||||
Celebration Pointe CDD† | 4.00 | % | 5/1/2022 | NR | 270 | 274,525 | ||||||||||
MD Special Tax - Brunswick Crossing | 3.00 | % | 7/1/2024 | NR | 880 | 890,912 | ||||||||||
MD Special Tax - Brunswick Crossing | 4.00 | % | 7/1/2029 | NR | 275 | 291,926 | ||||||||||
North Las Vegas Special Improv Dist - Vall | 3.50 | % | 6/1/2023 | NR | 110 | 112,956 | ||||||||||
North Las Vegas Special Improv Dist - Vall | 3.50 | % | 6/1/2024 | NR | 120 | 123,410 | ||||||||||
North Las Vegas Special Improv Dist - Vall | 3.75 | % | 6/1/2025 | NR | 150 | 156,341 | ||||||||||
Nthrn Palm Bch Co Impt Dist | 3.25 | % | 8/1/2022 | NR | 580 | 586,316 | ||||||||||
NYC IDA - Yankee Stadium (FGIC) | 2.644 (CPI Based) | % # | 3/1/2026 | Baa1 | 1,200 | 1,215,960 | ||||||||||
NYC IDA - Yankee Stadium (FGIC) | 2.634 (CPI Based) | % # | 3/1/2025 | Baa1 | 1,360 | 1,384,670 | ||||||||||
Peninsula Town Center† | 4.00 | % | 9/1/2023 | NR | 220 | 228,316 | ||||||||||
Peninsula Town Center† | 4.50 | % | 9/1/2028 | NR | 680 | 750,686 | ||||||||||
River Islands PFA - CFD 2003 | 5.375 | % | 9/1/2031 | NR | 1,000 | 1,091,670 | ||||||||||
Scranton RDA GTD | 5.00 | % | 11/15/2021 | BB+ | 905 | 934,919 | ||||||||||
Scranton RDA GTD | 5.00 | % | 11/15/2028 | BB+ | 255 | 265,526 | ||||||||||
Southlands Met Dist #1 | 3.00 | % | 12/1/2022 | Ba1 | 92 | 93,242 | ||||||||||
Village CDD #12 | 2.875 | % | 5/1/2021 | NR | 330 | 332,376 | ||||||||||
Village CDD #12† | 3.25 | % | 5/1/2023 | NR | 500 | 509,875 | ||||||||||
Village CDD #13† | 2.625 | % | 5/1/2024 | NR | 250 | 251,543 | ||||||||||
Village CDD #13† | 3.00 | % | 5/1/2029 | NR | 500 | 507,295 | ||||||||||
West Villages Unit #7 | 4.00 | % | 5/1/2024 | NR | 400 | 405,820 | ||||||||||
West Villages Unit #7 | 4.25 | % | 5/1/2029 | NR | 500 | 516,365 | ||||||||||
Total | 17,098,497 | |||||||||||||||
Tax Revenue 3.02% | ||||||||||||||||
American Samoa GO† | 6.50 | % | 9/1/2028 | Ba3 | 1,000 | 1,115,990 | ||||||||||
Casino Reinv Dev Auth | 5.00 | % | 11/1/2020 | BBB+ | 520 | 532,771 | ||||||||||
Casino Reinv Dev Auth | 5.00 | % | 11/1/2022 | BBB+ | 350 | 375,301 | ||||||||||
City of Sparks - Legends at Sparks Marina† | 2.50 | % | 6/15/2024 | Ba2 | 150 | 151,891 | ||||||||||
City of Sparks - Legends at Sparks Marina† | 2.75 | % | 6/15/2028 | Ba2 | 1,300 | 1,328,379 | ||||||||||
Gtr Wenatchee Regl Events Ctr | 4.125 | % | 9/1/2021 | NR | 485 | 493,366 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.00 | % | 12/15/2020 | BBB | 840 | 864,570 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.00 | % | 12/15/2022 | BBB | 1,110 | 1,110,710 | ||||||||||
Met Pier & Expo Auth - McCormick Place | 5.00 | % | 12/15/2022 | BBB | 1,275 | 1,374,820 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Tax Revenue (continued) | ||||||||||||||||
Met Pier & Expo Auth - McCormick Place (NPFGC) (FGIC) | 5.50 | % | 12/15/2023 | BBB | $ | 440 | $ | 474,184 | ||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2024 | NR | 1,368 | 1,202,404 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2027 | NR | 2,986 | 2,388,024 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2029 | NR | 3,355 | 2,493,738 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2031 | NR | 479 | 329,466 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2033 | NR | 48 | 30,597 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2046 | NR | 67 | 18,034 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2051 | NR | 55 | 10,803 | |||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 27 | 27,438 | ||||||||||
PR Corp Sales Tax | 4.50 | % | 7/1/2034 | NR | 338 | 361,515 | ||||||||||
PR Corp Sales Tax | 4.536 | % | 7/1/2053 | NR | 1 | 1,024 | ||||||||||
PR Corp Sales Tax | 4.55 | % | 7/1/2040 | NR | 3 | 3,113 | ||||||||||
PR Corp Sales Tax | 4.75 | % | 7/1/2053 | NR | 19 | 19,884 | ||||||||||
PR Corp Sales Tax | 4.784 | % | 7/1/2058 | NR | 11 | 11,452 | ||||||||||
PR Corp Sales Tax | 5.00 | % | 7/1/2058 | NR | 49 | 52,113 | ||||||||||
Total | 14,771,587 | |||||||||||||||
Tobacco 5.79% | ||||||||||||||||
Buckeye Tobacco | 5.125 | % | 6/1/2024 | CCC+ | 8,430 | 8,441,465 | ||||||||||
Buckeye Tobacco | 5.375 | % | 6/1/2024 | CCC+ | 3,135 | 3,147,759 | ||||||||||
CA Co Tobacco Sec - LA Co | 5.45 | % | 6/1/2028 | B2 | 1,000 | 1,016,520 | ||||||||||
Golden St Tobacco | 3.50 | % | 6/1/2036 | BB- | 3,040 | 3,109,738 | ||||||||||
MI Tob Settlement | 5.125 | % | 6/1/2022 | B- | 1,095 | 1,096,664 | ||||||||||
MI Tob Settlement | 5.25 | % | 6/1/2022 | B- | 30 | 30,045 | ||||||||||
Nassau Co Tobacco | 5.25 | % | 6/1/2026 | B- | 1,540 | 1,538,676 | ||||||||||
PA Tob Settlement | 5.00 | % | 6/1/2023 | A1 | 760 | 848,836 | ||||||||||
SD Edu Enhancement Fding Corp | 5.00 | % | 6/1/2024 | A | 775 | 858,049 | ||||||||||
Suffolk Tobacco Asset Sec Corp | 5.375 | % | 6/1/2028 | NR | 3,575 | 3,574,821 | ||||||||||
TSASC | 5.00 | % | 6/1/2022 | BBB | 4,400 | 4,626,160 | ||||||||||
Total | 28,288,733 | |||||||||||||||
Transportation 5.03% | ||||||||||||||||
CA Muni Fin - LINXS AMT | 5.00 | % | 12/31/2034 | BBB | (b) | 500 | 599,505 | |||||||||
Houston Arpt - Continental Airlines AMT | 4.50 | % | 7/1/2020 | BB | 1,600 | 1,622,288 | ||||||||||
Houston Arpt - Continental Airlines AMT | 4.75 | % | 7/1/2024 | BB | 1,905 | 2,066,982 | ||||||||||
Houston Arpt - United Airlines AMT | 5.00 | % | 7/15/2028 | BB | 1,000 | 1,196,290 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
IL State GO | 5.00 | % | 11/1/2027 | BBB- | $ | 4,630 | $ | 5,362,836 | ||||||||
MD EDC - CNX Marine Terminals | 5.75 | % | 9/1/2025 | BB- | 3,475 | 3,558,435 | ||||||||||
MD EDC - Maryland Port | 5.125 | % | 6/1/2020 | NR | 185 | 188,075 | ||||||||||
NJ EDA - Port Newark AMT | 5.00 | % | 10/1/2021 | Ba1 | 1,250 | 1,320,987 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2024 | Baa3 | 5,015 | 5,655,716 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2031 | Baa3 | 305 | 368,123 | ||||||||||
Osceola Parkway(d) | 5.00 | % | 10/1/2029 | BBB+ | 450 | 569,498 | ||||||||||
PR Hwy & Trans Auth (AGC) | 4.00 | % | 7/1/2020 | AA | 225 | 227,228 | ||||||||||
PR Hwy & Trans Auth (AMBAC) | 2.831 (CPI Based) | % # | 7/1/2028 | C | 1,980 | 1,836,450 | ||||||||||
Total | 24,572,413 | |||||||||||||||
Utilities 9.44% | ||||||||||||||||
Burke Co Dev - Oglethorpe Power | 3.00 | %#(a) | 11/1/2045 | A- | 1,535 | 1,576,691 | ||||||||||
Charlotte County IDA - Babcock Ranch AMT† | 5.00 | % | 10/1/2029 | NR | 1,000 | 1,100,910 | ||||||||||
City of Rockport Poll Ctl - IN MI Pwr | 3.05 | % | 6/1/2025 | A- | 1,000 | 1,076,010 | ||||||||||
Clarion Co IDA - American Wtr AMT | 2.45 | %#(a) | 12/1/2039 | A+ | 1,000 | 1,007,330 | ||||||||||
DE EDA - NRG Energy | 6.00 | % | 10/1/2040 | Baa2 | 2,600 | 2,698,514 | ||||||||||
HI Dept Budget - Hawaiian Electric AMT | 3.10 | % | 5/1/2026 | Baa2 | 3,525 | 3,705,656 | ||||||||||
Jefferson Co Sewer | 5.00 | % | 10/1/2021 | BBB | 1,300 | 1,377,298 | ||||||||||
KY Muni Pwr - Prairie State Proj | 3.45 | %#(a) | 9/1/2042 | Baa1 | 850 | 873,894 | ||||||||||
KY Public Energy Auth - BP | 4.00 | %#(a) | 1/1/2049 | A1 | 2,220 | 2,452,478 | ||||||||||
Luzerne Co IDA - American Wtr AMT | 2.45 | %#(a) | 12/1/2039 | A+ | 1,000 | 1,006,450 | ||||||||||
Northern CA Gas - Goldman Sachs | 4.00 | %#(a) | 7/1/2049 | A3 | 1,050 | 1,148,784 | ||||||||||
Northern CA Gas - Morgan Stanley | 2.126 (3 Mo. LIBOR * .67 + .72 | % %)# | 7/1/2027 | A3 | 1,000 | 990,130 | ||||||||||
PR Aqueduct & Swr Auth | 4.25 | % | 7/1/2025 | Ca | 2,165 | 2,206,135 | ||||||||||
PR Aqueduct & Swr Auth | 4.50 | % | 7/1/2027 | Ca | 780 | 796,770 | ||||||||||
PR Aqueduct & Swr Auth | 5.00 | % | 7/1/2022 | Ca | 2,035 | 2,139,802 | ||||||||||
PR Elec Pwr Auth(c) | 4.10 | % | 7/1/2019 | NR | 240 | 174,600 | ||||||||||
PR Elec Pwr Auth(c) | 4.25 | % | 7/1/2020 | D | (b) | 970 | 734,775 | |||||||||
PR Elec Pwr Auth(c) | 5.00 | % | 7/1/2018 | NR | 50 | 37,000 | ||||||||||
PR Elec Pwr Auth(c) | 5.00 | % | 7/1/2021 | D | (b) | 1,000 | 760,000 | |||||||||
PR Elec Pwr Auth(c) | 5.25 | % | 7/1/2027 | D | (b) | 2,630 | 2,005,375 | |||||||||
PR Elec Pwr Auth (AGM) | 5.00 | % | 7/1/2024 | AA | 145 | 148,844 | ||||||||||
PR Elec Pwr Auth (NPFGC)(FGIC) | 5.00 | % | 7/1/2021 | Baa2 | 100 | 101,516 | ||||||||||
Prichard Wtr & Swr | 2.375 | % | 11/1/2028 | NR | 1,305 | 1,301,242 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Utilities (continued) | ||||||||||||||||
SE AL Gas Dist - Goldman Sachs | 4.00 | %#(a) | 4/1/2049 | A3 | $ | 1,530 | $ | 1,660,371 | ||||||||
TEAC - Goldman Sachs | 4.00 | %#(a) | 11/1/2049 | A3 | 6,305 | 7,011,664 | ||||||||||
TX Muni Gas Acq & Supply - Macquarie | 5.00 | % | 12/15/2029 | A3 | 1,800 | 1,968,048 | ||||||||||
WV EDA - Appalachian Pwr | 2.625 | %#(a) | 12/1/2042 | A- | 750 | 768,743 | ||||||||||
WV EDA - Morgantown Energy AMT | 2.875 | % | 12/15/2026 | Baa3 | 2,560 | 2,596,224 | ||||||||||
WV EDA - Wheeling Pwr AMT | 3.00 | %#(a) | 6/1/2037 | A- | 2,600 | 2,682,134 | ||||||||||
Total | 46,107,388 | |||||||||||||||
Total Municipal Bonds (cost $455,751,570) | 469,668,077 | |||||||||||||||
SHORT-TERM INVESTMENTS 1.16% | ||||||||||||||||
Municipal Bond 0.20% | ||||||||||||||||
Health Care | ||||||||||||||||
Montgomery Co IDA - Einstein Hlthcare (cost $1,001,074) |
5.00 | % | 1/15/2020 | Ba1 | 1,000 | 1,001,110 | ||||||||||
Interest Rate# | Interest Rate Reset Date(e) | Final Maturity Date | ||||||||||||||||
Variable Rate Demand Notes 0.96% | ||||||||||||||||||
General Obligation 0.23% | ||||||||||||||||||
CA St GO | 1.35 | % | 12/31/2019 | 5/1/2034 | AAA | 500 | 500,000 | |||||||||||
CA State GO | 1.37 | % | 12/31/2019 | 5/1/2034 | AA+ | 600 | 600,000 | |||||||||||
Total | 1,100,000 | |||||||||||||||||
Health Care 0.10% | ||||||||||||||||||
Methodist Le Boneheur (AGM) | 1.60 | % | 1/2/2020 | 6/1/2042 | AA | 500 | 500,000 | |||||||||||
Tax Revenue 0.51% | ||||||||||||||||||
NYC TFA - Future Tax | 1.65 | % | 12/31/2019 | 5/1/2034 | AAA | 500 | 500,000 | |||||||||||
NYC TFA - Future Tax | 1.65 | % | 12/31/2019 | 11/1/2044 | AAA | 995 | 995,000 | |||||||||||
NYC TFA - Future Tax | 1.70 | % | 12/31/2019 | 11/1/2022 | AAA | 1,000 | 1,000,000 | |||||||||||
Total | 2,495,000 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Investments | Interest Rate# | Interest Rate Reset Date(e) | Final Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | ||||||||||||
Utilities 0.12% | ||||||||||||||||||
NYC Wtr & Swr | 1.66 | % | 1/2/2020 | 6/15/2045 | AAA | $ | 585 | $ | 585,000 | |||||||||
Total Variable Rate Demand Notes (cost $4,680,000) | 4,680,000 | |||||||||||||||||
Total Short-Term Investments (cost $5,681,074) | 5,681,110 | |||||||||||||||||
Total Investments in Securities 97.30% (cost $461,432,644) | 475,349,187 | |||||||||||||||||
Cash and Other Assets in Excess of Liabilities(f) 2.70% | 13,168,185 | |||||||||||||||||
Net Assets 100.00% | $ | 488,517,372 |
AGC | Insured by - Assured Guarantee Corp. |
AGM | Insured by - Assured Guaranty Municipal Corporation. |
AMBAC | Insured by - AMBAC Assurance Corporation. |
AMT | Income from the security may be subject to Alternative Minimum Tax. |
BAM | Insured by - Build America Mutual. |
CPI | Consumer Price Index: Rate fluctuate based on CPI. |
FGIC | Insured by - Financial Guaranty Insurance Company. |
GTD | Guaranteed. |
LIBOR | London Interbank Offered Rate. |
MUNIPSA | SIFMA Municipal Swap Index Yield. |
NPFGC | Insured by - National Public Finance Guarantee Corporation. |
SIFMA | Insured by - Securities Industry and Financial Markets Association. |
TCRS | Transferable Custodial Receipt. |
# | Variable rate security. The interest rate represents the rate in effect at December 31, 2019. |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At December 31, 2019, the total value of Rule 144A securities was $61,611,692, which represents 12.61% of net assets. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed until designated future date. |
(b) | This investment has been rated by Fitch IBCA. |
(c) | Defaulted (non-income producing security). |
(d) | Securities purchased on a when-issued basis. |
(e) | The interest rate reset date shown represents the date in which the Fund has the right to sell a Variable Rate Demand Note (“VRDN”) back to the issuer for Principal Amount. The interest rate on the VRDN is generally reset daily based on the SIFMA Municipal Swap Index. |
(f) | Cash and Other Assets in Excess of Liabilities include net unrealized appreciation on futures contracts as follows: |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND December 31, 2019
Open Futures Contracts at December 31, 2019:
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Appreciation | ||||||||||||
U.S. 10-Year Treasury Note | March 2020 | 68 | Short | $ | (8,766,304 | ) | $ | (8,732,688 | ) | $ | 33,616 | |||||||
U.S. 2-Year Treasury Note | March 2020 | 48 | Short | (10,351,787 | ) | (10,344,000 | ) | 7,787 | ||||||||||
Total Unrealized Appreciation on Open Futures Contracts | $ | 41,403 |
The following is a summary of the inputs used as of December 31, 2019 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments | ||||||||||||||||
Municipal Bonds | $ | — | $ | 469,668,077 | $ | — | $ | 469,668,077 | ||||||||
Short-Term Investments | ||||||||||||||||
Municipal Bond | — | 1,001,110 | — | 1,001,110 | ||||||||||||
Variable Rate Demand Notes | — | 4,680,000 | — | 4,680,000 | ||||||||||||
Total | $ | — | $ | 475,349,187 | $ | — | $ | 475,349,187 | ||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts | ||||||||||||||||
Assets | $ | 41,403 | $ | — | $ | — | $ | 41,403 | ||||||||
Liabilities | — | — | — | — | ||||||||||||
Total | $ | 41,403 | $ | — | $ | — | $ | 41,403 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
MUNICIPAL BONDS 97.93% | ||||||||||||||||
Corporate-Backed 3.04% | ||||||||||||||||
CA Fin Auth - United Airlines AMT | 4.00 | % | 7/15/2029 | BB | $ | 3,430 | $ | 3,901,659 | ||||||||
CA MFA - Waste Mgmt AMT | 2.40 | %#(a) | 10/1/2044 | A- | 5,250 | 5,335,208 | ||||||||||
CA Poll Ctl - Poseidon Res AMT† | 5.00 | % | 11/21/2045 | Baa3 | 2,410 | 2,597,908 | ||||||||||
CA Poll Ctl - Waste Mgmt AMT | 4.30 | % | 7/1/2040 | A- | 110 | 123,671 | ||||||||||
Long Beach Nat Gas - ML | 5.00 | % | 11/15/2029 | A2 | 925 | 1,161,652 | ||||||||||
San Francisco Arpt - SFO Fuel AMT | 5.00 | % | 1/1/2038 | A1 | 1,315 | 1,599,605 | ||||||||||
Total | 14,719,703 | |||||||||||||||
Education 8.47% | ||||||||||||||||
CA Dev Auth - Culinary Institute | 5.00 | % | 7/1/2036 | Baa2 | 400 | 463,100 | ||||||||||
CA Dev Auth - Culinary Institute | 5.00 | % | 7/1/2041 | Baa2 | 380 | 435,104 | ||||||||||
CA Dev Auth - Culinary Institute | 5.00 | % | 7/1/2046 | Baa2 | 900 | 1,024,920 | ||||||||||
CA Ed Fac Auth - Loyola Marymount Univ | 5.00 | % | 10/1/2048 | A2 | 1,000 | 1,210,430 | ||||||||||
CA Ed Facs - ArtCenter College of Design | 5.00 | % | 12/1/2044 | Baa1 | 1,500 | 1,804,110 | ||||||||||
CA Ed Facs - Chapman Univ | 4.00 | % | 4/1/2047 | A2 | 1,800 | 1,947,780 | ||||||||||
CA Ed Facs - Chapman Univ | 5.00 | % | 4/1/2040 | A2 | 1,000 | 1,155,740 | ||||||||||
CA Ed Facs - Loyola Marymount Univ (NPFGC)(FGIC) | Zero Coupon | 10/1/2029 | A2 | 550 | 445,924 | |||||||||||
CA Ed Facs - Loyola Marymount Univ (NPFGC)(FGIC) | Zero Coupon | 10/1/2033 | A2 | 1,670 | 1,183,061 | |||||||||||
CA Ed Facs - Santa Clara Univ | 5.00 | % | 4/1/2039 | Aa3 | 1,000 | 1,153,290 | ||||||||||
CA Ed Facs - Stanford Univ | 5.00 | % | 5/1/2049 | AAA | 3,000 | 4,607,130 | ||||||||||
CA Ed Facs - Univ of San Francisco | 5.00 | % | 10/1/2037 | A2 | 1,000 | 1,243,530 | ||||||||||
CA Ed Facs - Univ of San Francisco | 5.00 | % | 10/1/2053 | A2 | 2,000 | 2,407,980 | ||||||||||
CA Fin Auth - Biola Univ | 5.00 | % | 10/1/2029 | Baa1 | 330 | 369,409 | ||||||||||
CA Fin Auth - Univ of San Diego | 5.00 | % | 10/1/2029 | A1 | 2,225 | 2,469,794 | ||||||||||
CA Infra & Econ Dev - UCSF | 5.00 | % | 5/15/2047 | AA | 1,470 | 1,777,583 | ||||||||||
CA MFA - Univ of La Verne | 5.00 | % | 6/1/2043 | A3 | 1,035 | 1,213,745 | ||||||||||
CA Muni Fin - Biola Univ | 5.00 | % | 10/1/2032 | Baa1 | 400 | 479,972 | ||||||||||
CA Muni Fin - Emerson Clg | 5.00 | % | 1/1/2042 | BBB+ | 3,090 | 3,646,663 | ||||||||||
CA Muni Fin - Julian Chtr Sch† | 5.625 | % | 3/1/2045 | B+ | 500 | 519,550 | ||||||||||
CA Sch Fin Auth - Green Dot Schs† | 5.00 | % | 8/1/2045 | NR | 500 | 555,955 | ||||||||||
CA Sch Fin Auth - KIPP LA† | 5.00 | % | 7/1/2045 | BBB | 540 | 602,278 | ||||||||||
Orange Co - Coast CCD | 3.00 | % | 8/1/2039 | AA+ | 1,000 | 1,033,380 | ||||||||||
Ripon USD (BAM) | 5.50 | % | 8/1/2043 | AA | 1,000 | 1,244,760 | ||||||||||
Univ of CA | 5.25 | % | 5/15/2047 | AA | 2,000 | 2,450,380 | ||||||||||
Univ of CA | 5.25 | % | 5/15/2058 | AA | 2,500 | 3,072,050 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Education (continued) | ||||||||||||||||
University of San Diego | 5.00 | % | 10/1/2049 | A1 | $ | 2,000 | $ | 2,473,080 | ||||||||
Total | 40,990,698 | |||||||||||||||
General Obligation 22.79% | ||||||||||||||||
Albany CA USD | 4.00 | % | 8/1/2046 | Aa3 | 1,000 | 1,090,390 | ||||||||||
Allan Hancock CCD | 3.25 | % | 8/1/2044 | AA | 1,000 | 1,027,690 | ||||||||||
Banning Unified Sch Dist (AGM) | 5.25 | % | 8/1/2042 | AA | 1,115 | 1,375,185 | ||||||||||
Beverly Hills USD | 3.00 | % | 8/1/2044 | Aaa | 2,040 | 2,101,975 | ||||||||||
CA Emery USD | 3.00 | % | 8/1/2045 | Aa3 | 2,750 | 2,776,510 | ||||||||||
CA St GO | 4.00 | % | 10/1/2044 | Aa2 | 1,805 | 2,074,920 | ||||||||||
CA State GO | 3.00 | % | 10/1/2033 | Aa2 | 1,250 | 1,336,813 | ||||||||||
CA State GO | 4.00 | % | 9/1/2035 | Aa2 | 1,145 | 1,299,117 | ||||||||||
CA State GO | 5.00 | % | 2/1/2032 | Aa2 | 2,000 | 2,160,140 | ||||||||||
CA State GO | 5.00 | % | 4/1/2032 | Aa2 | 2,200 | 2,997,390 | ||||||||||
CA State GO | 5.00 | % | 2/1/2033 | Aa2 | 1,000 | 1,079,850 | ||||||||||
CA State GO | 5.00 | % | 8/1/2038 | Aa2 | 1,565 | 1,878,595 | ||||||||||
CA State GO | 5.00 | % | 11/1/2047 | Aa2 | 2,060 | 2,503,188 | ||||||||||
CA State GO | 5.25 | % | 8/1/2032 | Aa2 | 2,500 | 3,032,825 | ||||||||||
CA State GO | 5.25 | % | 10/1/2032 | Aa2 | 4,000 | 4,287,320 | ||||||||||
CA State GO | 5.25 | % | 4/1/2035 | Aa2 | 3,000 | 3,274,380 | ||||||||||
CA State GO | 5.25 | % | 10/1/2039 | Aa2 | 500 | 605,360 | ||||||||||
CA State GO | 5.50 | % | 3/1/2040 | Aa2 | 2,000 | 2,014,060 | ||||||||||
CA State GO (AGM) | 5.25 | % | 8/1/2032 | AA | 3,000 | 4,100,700 | ||||||||||
Carlsbad USD | 3.125 | % | 8/1/2048 | Aa1 | 1,000 | 1,016,680 | ||||||||||
Centinela UHSD (BAM) | 4.00 | % | 8/1/2052 | AA | 1,615 | 1,746,719 | ||||||||||
Centinela UHSD (BAM) | 5.00 | % | 8/1/2052 | AA | 2,000 | 2,404,720 | ||||||||||
Cupertino USD | 2.50 | % | 8/1/2033 | Aa1 | 740 | 753,261 | ||||||||||
Del Mar USD (BAM) | 4.00 | % | 9/1/2044 | AA | 1,700 | 1,907,077 | ||||||||||
Grossmont UHSD | 5.00 | % | 8/1/2043 | Aa2 | 1,250 | 1,404,487 | ||||||||||
Grossmont UHSD (AGM) | Zero Coupon | 6/1/2040 | AA | 2,000 | 826,480 | |||||||||||
Huntington Beach City SD | 4.00 | % | 8/1/2048 | Aa1 | 1,000 | 1,104,670 | ||||||||||
Imperial Unified Sch Dist (BAM) | 5.25 | % | 8/1/2043 | AA | 2,000 | 2,446,560 | ||||||||||
Inglewood USD (BAM) | 4.00 | % | 8/1/2038 | AA | 575 | 628,780 | ||||||||||
Inglewood USD (BAM) | 4.00 | % | 8/1/2039 | AA | 1,000 | 1,090,320 | ||||||||||
Irvine Unified School District | 4.00 | % | 9/1/2042 | Aa1 | 1,915 | 2,168,067 | ||||||||||
Irvine Unified School District | 5.50 | % | 9/1/2035 | Aa1 | 1,060 | 1,391,769 | ||||||||||
Irvine USD - Spl Tax (BAM) | 5.00 | % | 9/1/2038 | AA | 1,000 | 1,141,470 | ||||||||||
Irvine USD - Spl Tax (BAM) | 5.00 | % | 9/1/2056 | AA | 1,000 | 1,195,710 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
Long Beach USD | 3.00 | % | 8/1/2037 | Aa2 | $ | 2,420 | $ | 2,527,351 | ||||||||
Marin Healthcare Dist | 4.00 | % | 8/1/2040 | Aa2 | 1,000 | 1,094,550 | ||||||||||
New Haven USD | 4.00 | % | 8/1/2047 | NR | 2,415 | 2,661,209 | ||||||||||
Newport Mesa USD | Zero Coupon | 8/1/2041 | Aaa | 1,325 | 639,869 | |||||||||||
Newport-Mesa USD | Zero Coupon | 8/1/2045 | Aaa | 2,000 | 807,280 | |||||||||||
North Orange CCD | 2.75 | % | 8/1/2036 | AA+ | 2,000 | 2,044,300 | ||||||||||
Oceanside USD | 4.00 | % | 8/1/2048 | Aa3 | 2,030 | 2,235,477 | ||||||||||
Orange USD | 4.00 | % | 8/1/2047 | AA | 1,000 | 1,114,020 | ||||||||||
Panama-Buena Vista USD (BAM) | 2.625 | % | 8/1/2037 | AA | 2,510 | 2,467,581 | ||||||||||
Perris UHSD (AGM) | 3.00 | % | 9/1/2044 | AA | 1,000 | 1,014,430 | ||||||||||
Pleasanton CA USD | 3.00 | % | 8/1/2042 | Aa2 | 1,000 | 1,011,000 | ||||||||||
PR Comwlth GO(c) | 6.00 | % | 7/1/2039 | D | 2,000 | 1,600,000 | ||||||||||
San Benito HSD | Zero Coupon | 8/1/2041 | Aa3 | 1,640 | 744,084 | |||||||||||
San Benito HSD | Zero Coupon | 8/1/2042 | Aa3 | 1,795 | 777,881 | |||||||||||
San Benito HSD | Zero Coupon | 8/1/2043 | Aa3 | 2,600 | 1,075,308 | |||||||||||
San Diego USD | 3.25 | % | 7/1/2048 | Aa2 | 1,000 | 1,041,000 | ||||||||||
San Diego USD | 4.00 | % | 7/1/2049 | Aa2 | 2,500 | 2,841,025 | ||||||||||
San Francisco Arpt AMT | 5.25 | % | 5/1/2042 | A+ | 1,000 | 1,200,940 | ||||||||||
San Francisco CCD | 5.00 | % | 6/15/2028 | Aa3 | 1,000 | 1,198,060 | ||||||||||
San Gorgonio Mem Hlthcare Dist | 5.00 | % | 8/1/2032 | Baa3 | 1,000 | 1,115,180 | ||||||||||
San Leandro Unified Sch Dist (BAM) | 5.25 | % | 8/1/2046 | AA | 1,750 | 2,127,335 | ||||||||||
San Rafael Elem Sch Dist | 4.00 | % | 8/1/2047 | AA | 1,000 | 1,126,200 | ||||||||||
San Rafael HSD | 4.50 | % | 8/1/2042 | AA | 1,150 | 1,358,139 | ||||||||||
San Rafeal HS | 4.00 | % | 8/1/2043 | AA | 1,500 | 1,720,425 | ||||||||||
Santa Ana USD | 3.25 | % | 8/1/2042 | Aa3 | 500 | 521,885 | ||||||||||
Santa Barbara Unified Sch Dist | 4.00 | % | 8/1/2036 | Aa1 | 750 | 855,060 | ||||||||||
Santa Barbara USD | 4.00 | % | 8/1/2044 | Aa1 | 1,000 | 1,126,970 | ||||||||||
Santa Clara USD | 3.25 | % | 7/1/2044 | Aaa | 2,500 | 2,580,700 | ||||||||||
Santa Rita USD | 2.50 | % | 8/1/2031 | AA- | 1,235 | 1,259,058 | ||||||||||
Simi Valley USD | 4.00 | % | 8/1/2048 | Aa2 | 600 | 667,734 | ||||||||||
Simi Valley GO | 4.00 | % | 8/1/2046 | Aa2 | 1,065 | 1,187,028 | ||||||||||
Southwestern Community College Dist | Zero Coupon | 8/1/2041 | Aa2 | 1,100 | 605,858 | |||||||||||
Sweetwater UHSD (BAM) | 5.00 | % | 8/1/2027 | AA | 1,000 | 1,150,810 | ||||||||||
West Contra Costa USD | 4.00 | % | 8/1/2043 | AA- | 1,000 | 1,120,640 | ||||||||||
West Contra Costa USD | 6.00 | % | 8/1/2027 | AA- | 1,000 | 1,350,770 | ||||||||||
Total | 110,212,335 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care 13.36% | ||||||||||||||||
Abag Fin Auth - Eskaton Pptys | 5.00 | % | 11/15/2035 | BBB | $ | 1,000 | $ | 1,096,930 | ||||||||
Abag Fin Auth - Sharp Hlthcare | 5.00 | % | 8/1/2043 | AA | 1,000 | 1,114,140 | ||||||||||
Adventist Health System - West | 5.00 | % | 3/1/2048 | A | 2,750 | 3,263,975 | ||||||||||
Antelope Valley Hlth | 5.25 | % | 3/1/2036 | Ba3 | 1,000 | 1,104,180 | ||||||||||
CA Hlth - Childrens Hsp Los Angeles | 5.00 | % | 11/15/2029 | BBB+ | 1,000 | 1,096,250 | ||||||||||
CA Hlth - Childrens Hsp Los Angeles | 5.00 | % | 8/15/2047 | BBB+ | 1,000 | 1,167,550 | ||||||||||
CA Hlth - Childrens Hsp Orange Co | 4.00 | % | 11/1/2035 | AA- | 480 | 560,602 | ||||||||||
CA Hlth - Childrens Hsp Orange Co | 5.00 | % | 11/1/2033 | AA- | 1,300 | 1,681,784 | ||||||||||
CA Hlth - Childrens Hsp Orange Co | 5.00 | % | 11/1/2034 | AA- | 1,200 | 1,550,664 | ||||||||||
CA Hlth - Childrens Hsp Orange Co | 5.25 | % | 11/1/2035 | AA- | 2,000 | 2,148,940 | ||||||||||
CA Hlth - City of Hope | 4.00 | % | 11/15/2045 | A+ | 4,595 | 5,166,986 | ||||||||||
CA Hlth - Providence St. Joes Hlth | 4.00 | % | 10/1/2047 | AA- | 2,115 | 2,304,610 | ||||||||||
CA Hlth - Rady Childrens Hsp | 5.50 | % | 8/15/2033 | Aa3 | 2,000 | 2,137,880 | ||||||||||
CA Hlth - Sutter Hlth | 4.00 | % | 11/15/2042 | AA- | 1,715 | 1,915,398 | ||||||||||
CA Hlth Facs - Kaiser Permanente | 5.00 | % | 11/1/2047 | AA- | 1,000 | 1,489,980 | ||||||||||
CA Hlth Facs - Lucile Packard Hosp | 5.00 | % | 11/15/2056 | A+ | 1,500 | 1,794,555 | ||||||||||
CA Muni Fin - Caritas Affordable Hsg | 4.00 | % | 8/15/2037 | BBB | 1,000 | 1,062,710 | ||||||||||
CA Muni Fin - Channing House | 5.00 | % | 5/15/2047 | AA- | 2,000 | 2,343,960 | ||||||||||
CA Muni Fin - Cmnty Med Ctrs | 4.00 | % | 2/1/2042 | A- | 1,120 | 1,210,059 | ||||||||||
CA Muni Fin - Cmnty Med Ctrs | 5.00 | % | 2/1/2040 | A- | 500 | 570,200 | ||||||||||
CA Muni Fin - Cmnty Med Ctrs | 5.00 | % | 2/1/2047 | A- | 1,000 | 1,153,420 | ||||||||||
CA Statewide - Beverly | 5.00 | % | 2/1/2035 | BBB- | 1,250 | 1,383,625 | ||||||||||
CA Stwde - Adventist Health West | 3.00 | % | 3/1/2039 | A | 2,405 | 2,429,194 | ||||||||||
CA Stwde - American Baptist | 5.00 | % | 10/1/2045 | A- | (b) | 1,000 | 1,121,530 | |||||||||
CA Stwde - Daughters of Charity | 5.50 | % | 7/1/2039 | NR | 460 | 449,254 | ||||||||||
CA Stwde - Henry Mayo Mem Hsp (AGM) | 5.25 | % | 10/1/2043 | AA | 775 | 872,061 | ||||||||||
CA Stwde - Huntington Memorial Hosp | 4.00 | % | 7/1/2048 | A- | 1,000 | 1,071,180 | ||||||||||
CA Stwde - John Muir Hlth | 4.00 | % | 12/1/2057 | A+ | 1,000 | 1,044,690 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr | 5.25 | % | 12/1/2034 | BB- | 2,100 | 2,359,791 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr | 5.50 | % | 12/1/2054 | BB- | 1,010 | 1,121,009 | ||||||||||
CA Stwde - Loma Linda Univ Med Ctr† | 5.50 | % | 12/1/2058 | BB- | 1,555 | 1,816,722 | ||||||||||
Eisenhower Med Ctr | 5.00 | % | 7/1/2032 | Baa2 | 1,000 | 1,187,290 | ||||||||||
La Verne COP - Brethren Hillcrest Homes | 5.00 | % | 5/15/2029 | BBB- | (b) | 635 | 678,745 | |||||||||
Oroville - Oroville Hsp | 5.25 | % | 4/1/2049 | BB+ | 2,500 | 2,926,250 | ||||||||||
Palomar Hlth | 5.00 | % | 11/1/2036 | BBB | 1,250 | 1,436,700 | ||||||||||
Palomar Hlth | 5.00 | % | 11/1/2039 | BBB | 1,650 | 1,878,113 | ||||||||||
Palomar Hlth (AGM) | 5.00 | % | 11/1/2047 | AA | 610 | 715,664 | ||||||||||
San Buenaventura - Cmnty Mem Hlth | 8.00 | % | 12/1/2031 | BB | 2,000 | 2,221,760 | ||||||||||
Sierra Joint CCD | 4.00 | % | 8/1/2053 | Aa1 | 1,500 | 1,665,645 | ||||||||||
Washingtown Twnshp Health Care Dist | 5.00 | % | 7/1/2032 | Baa1 | 1,000 | 1,221,630 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Health Care (continued) | ||||||||||||||||
Whittier Hlth Fac - Presbyterian Intercmnty Hsp | 5.75 | % | 6/1/2029 | A | $ | 1,000 | $ | 1,063,600 | ||||||||
Total | 64,599,226 | |||||||||||||||
Housing 3.81% | ||||||||||||||||
CA Cmnty Hsg - Annadel Apts† | 5.00 | % | 4/1/2049 | NR | 1,000 | 1,111,720 | ||||||||||
CA Com Hsg Agency - Verdant† | 5.00 | % | 8/1/2049 | NR | 1,400 | 1,584,212 | ||||||||||
CA HFA - MFH | 4.00 | % | 3/20/2033 | BBB+ | 1,700 | 1,947,316 | ||||||||||
CA HFA - MFH | 4.25 | % | 1/15/2035 | BBB+ | 4,239 | 4,975,587 | ||||||||||
CA Muni Fin - Biola Univ | 5.00 | % | 10/1/2034 | Baa1 | 1,000 | 1,194,620 | ||||||||||
CA Muni Fin - Caritas Affordable Hsg | 5.00 | % | 8/15/2030 | BBB+ | 1,050 | 1,184,274 | ||||||||||
CA Muni Fin - UC Berkeley Hsg | 5.00 | % | 6/1/2050 | Baa3 | 500 | 554,700 | ||||||||||
CA Stwde - CHF-Irvine LLC | 5.00 | % | 5/15/2035 | Baa1 | 1,100 | 1,277,683 | ||||||||||
CA Stwde - CHF-Irvine LLC | 5.125 | % | 5/15/2031 | Baa1 | 1,500 | 1,580,160 | ||||||||||
CA Stwde - College of the Arts Student Hsg† | 5.25 | % | 7/1/2049 | BB+ | 500 | 576,275 | ||||||||||
Ca Stwde - Lancer Student Hsg† | 5.00 | % | 6/1/2051 | NR | 500 | 577,900 | ||||||||||
ESRF / Natl Charter School Loans | 5.00 | % | 11/1/2044 | A | 1,050 | 1,272,369 | ||||||||||
ESRF / Natl Charter School Loans | 5.00 | % | 11/1/2049 | A | 500 | 603,290 | ||||||||||
Total | 18,440,106 | |||||||||||||||
Lease Obligations 1.98% | ||||||||||||||||
CA Pub Wks - Judicial Council | 5.00 | % | 12/1/2028 | Aa3 | 1,000 | 1,072,730 | ||||||||||
CA Pub Wks - State Prisons | 5.75 | % | 10/1/2031 | Aa3 | 2,000 | 2,158,720 | ||||||||||
CA Pub Wks - Various Cap Proj | 5.00 | % | 4/1/2037 | Aa3 | 1,000 | 1,079,440 | ||||||||||
San Bernardino COPs (AGM) | 5.00 | % | 10/1/2031 | AA | 860 | 1,088,425 | ||||||||||
Santa Barbara COPs AMT | 5.00 | % | 12/1/2036 | AA | 3,395 | 4,194,047 | ||||||||||
Total | 9,593,362 | |||||||||||||||
Other Revenue 2.24% | ||||||||||||||||
CA Infra & Econ Dev - Acad Motion Pict | 5.00 | % | 11/1/2041 | Aa2 | 1,010 | 1,128,847 | ||||||||||
CA Infra & Econ Dev - Gladstone Inst | 5.25 | % | 10/1/2034 | BBB+ | 2,000 | 2,147,320 | ||||||||||
CA Muni Fin - American Heritage | 5.00 | % | 6/1/2036 | BBB- | 1,000 | 1,147,720 | ||||||||||
CA Muni Fin - Oceaa | 6.75 | % | 10/1/2028 | NR | 1,000 | 1,001,380 | ||||||||||
CA Sch Fin Auth - Aspire† | 5.00 | % | 8/1/2046 | BBB | 1,000 | 1,107,370 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Other Revenue (continued) | ||||||||||||||||
CA Sch Fin Auth - Green Dot Charter† | 5.00 | % | 8/1/2038 | BBB- | $ | 1,000 | $ | 1,182,570 | ||||||||
CA Sch Fin Auth - KIPP LA | 5.00 | % | 7/1/2034 | BBB | 600 | 668,562 | ||||||||||
MSR Energy Auth - Citi | 6.125 | % | 11/1/2029 | BBB+ | 1,925 | 2,456,646 | ||||||||||
Total | 10,840,415 | |||||||||||||||
Pre-Refunded 0.16% | ||||||||||||||||
MSR Energy Auth - Citi | 6.50 | % | 11/1/2039 | BBB+ | 500 | 782,670 | ||||||||||
Special Tax 3.77% | ||||||||||||||||
Brentwood Infra Fin Auth | 5.00 | % | 9/2/2036 | NR | 500 | 568,330 | ||||||||||
CA Reassmt Dist 15/2 Irvine | 5.00 | % | 9/2/2028 | NR | 1,000 | 1,164,740 | ||||||||||
Inland Valley Redev Agy | 5.25 | % | 9/1/2037 | A- | 1,325 | 1,510,792 | ||||||||||
Irvine CFD - Great Park | 5.00 | % | 9/1/2044 | NR | 500 | 552,785 | ||||||||||
Irvine USD - Spl Tax | 5.00 | % | 3/1/2057 | NR | 1,000 | 1,150,830 | ||||||||||
Lake Elsinore PFA | 5.00 | % | 9/1/2035 | NR | 920 | 1,049,021 | ||||||||||
Orange Co CFD - Esencia | 5.25 | % | 8/15/2045 | NR | 975 | 1,111,373 | ||||||||||
Poway USD PFA (BAM) | 5.00 | % | 9/1/2035 | AA+ | 1,780 | 2,116,491 | ||||||||||
River Islands PFA - CFD 2003 | 5.375 | % | 9/1/2031 | NR | 1,045 | 1,140,795 | ||||||||||
River Islands PFA - CFD 2003 | 5.50 | % | 9/1/2045 | NR | 500 | 542,845 | ||||||||||
Roseville CFD - Westpark | 5.00 | % | 9/1/2031 | NR | 1,000 | 1,151,340 | ||||||||||
San Clemente Cmnty Facs | 5.00 | % | 9/1/2040 | NR | 985 | 1,112,538 | ||||||||||
San Francisco Redev - Mission Bay North | 6.75 | % | 8/1/2041 | A- | 1,000 | 1,062,600 | ||||||||||
San Mateo CFD - Bay Meadows | 5.50 | % | 9/1/2044 | NR | 500 | 537,965 | ||||||||||
Temecula Vly USD Fin Auth (BAM) | 5.00 | % | 9/1/2035 | AA | 1,505 | 1,762,927 | ||||||||||
Union City Redev Agy - Tax Alloc | 6.875 | % | 12/1/2033 | A+ | 1,510 | 1,680,554 | ||||||||||
Total | 18,215,926 | |||||||||||||||
Tax Revenue 3.58% | ||||||||||||||||
Anaheim PFA Lease Rev (BAM) | 5.00 | % | 9/1/2035 | AA | 2,000 | 2,452,340 | ||||||||||
City of Sacramento - TOT Revs | 5.00 | % | 6/1/2048 | A1 | 1,000 | 1,194,290 | ||||||||||
Invine Reassessment District No. 19 | 4.00 | % | 9/2/2039 | A | 1,000 | 1,142,060 | ||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2024 | NR | 24 | 21,095 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2027 | NR | 1,112 | 889,311 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2029 | NR | 352 | 261,638 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2031 | NR | 587 | 403,750 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Tax Revenue (continued) | ||||||||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2033 | NR | $ | 134 | $ | 85,416 | |||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2046 | NR | 616 | 165,802 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2051 | NR | 501 | 98,406 | |||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 244 | 247,958 | ||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 3,971 | 4,035,410 | ||||||||||
PR Corp Sales Tax | 4.536 | % | 7/1/2053 | NR | 7 | 7,170 | ||||||||||
PR Corp Sales Tax | 4.55 | % | 7/1/2040 | NR | 88 | 91,328 | ||||||||||
PR Corp Sales Tax | 4.75 | % | 7/1/2053 | NR | 296 | 309,770 | ||||||||||
PR Corp Sales Tax | 4.784 | % | 7/1/2058 | NR | 98 | 102,032 | ||||||||||
PR Corp Sales Tax | 5.00 | % | 7/1/2058 | NR | 1,000 | 1,063,530 | ||||||||||
Sacramento Tourism Infra Dist - Conv Centr | 4.00 | % | 6/1/2039 | A2 | 800 | 909,464 | ||||||||||
San Jose Spl Tax - Conv Ctr | 6.125 | % | 5/1/2031 | A+ | 1,000 | 1,063,560 | ||||||||||
Sonoma Marin Area Rail Rmkt | 5.00 | % | 3/1/2029 | AA | 1,500 | 1,625,865 | ||||||||||
Tustin CFD 06 - 1-Tust Leg/Colum Vil | 5.00 | % | 9/1/2037 | A- | 1,000 | 1,162,610 | ||||||||||
Total | 17,332,805 | |||||||||||||||
Tobacco 4.51% | ||||||||||||||||
CA Statewide Fin Auth - Tobacco Settlement | Zero Coupon | 6/1/2046 | NR | 5,000 | 982,700 | |||||||||||
CA Stwde - Tobacco Settlement | Zero Coupon | 6/1/2055 | NR | 8,000 | 342,400 | |||||||||||
Golden St Tobacco | Zero Coupon | 6/1/2047 | CCC- | 2,700 | 457,218 | |||||||||||
Golden St Tobacco | 3.50 | % | 6/1/2036 | BB- | 1,735 | 1,774,801 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2029 | BBB | 1,000 | 1,189,760 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2034 | BBB- | 1,050 | 1,241,289 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2047 | NR | 1,250 | 1,292,925 | ||||||||||
Golden St Tobacco | 5.00 | % | 6/1/2047 | NR | 4,360 | 4,509,722 | ||||||||||
Golden St Tobacco | 5.25 | % | 6/1/2047 | NR | 1,250 | 1,300,700 | ||||||||||
Inland Empire Tobacco† | Zero Coupon | 6/1/2057 | CCC | 3,000 | 133,020 | |||||||||||
LA Cnty Tobacco | 5.70 | % | 6/1/2046 | B2 | 1,070 | 1,077,618 | ||||||||||
LA Co Tobacco | Zero Coupon | 6/1/2046 | NR | 2,140 | 375,784 | |||||||||||
Nthrn CA Tobacco | Zero Coupon | 6/1/2045 | CCC- | 7,500 | 1,058,175 | |||||||||||
Nthrn CA Tobacco | 5.50 | % | 6/1/2045 | B- | 1,115 | 1,119,694 | ||||||||||
San Diego Co Tobacco | Zero Coupon | 6/1/2054 | NR | 4,800 | 739,536 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Tobacco (continued) | ||||||||||||||||
San Diego Co Tobacco | 5.00 | % | 6/1/2048 | BBB+ | $ | 1,000 | $ | 1,183,530 | ||||||||
San Diego Tobacco Settlement | 4.00 | % | 6/1/2032 | BBB | 935 | 1,000,441 | ||||||||||
Silicon Valley Tobacco | Zero Coupon | 6/1/2041 | NR | 5,000 | 1,507,200 | |||||||||||
Silicon Valley Tobacco | Zero Coupon | 6/1/2056 | NR | 2,000 | 149,580 | |||||||||||
Sthrn CA Tobacco | Zero Coupon | 6/1/2046 | CCC- | 2,500 | 367,350 | |||||||||||
Total | 21,803,443 | |||||||||||||||
Transportation 20.52% | ||||||||||||||||
Alameda Corridor Trsp Auth | 5.00 | % | 10/1/2036 | BBB+ | 1,500 | 1,762,410 | ||||||||||
Alameda Corridor Trsp Auth | 5.00 | % | 10/1/2037 | BBB+ | 665 | 779,001 | ||||||||||
Alameda Corridor Trsp Auth (AGM) | 4.00 | % | 10/1/2037 | AA | 2,030 | 2,227,620 | ||||||||||
Alameda Corridor Trsp Auth (AGM) | 5.00 | % | 10/1/2029 | AA | 1,425 | 1,617,475 | ||||||||||
Alameda Corridor Trsp Auth (NPFGC)(FGIC) | Zero Coupon | 10/1/2032 | A- | 750 | 540,982 | |||||||||||
Bay Area Toll Auth | 4.00 | % | 4/1/2038 | AA- | 2,000 | 2,258,580 | ||||||||||
Bay Area Toll Auth | 3.00 | % | 4/1/2054 | AA- | 2,500 | 2,515,825 | ||||||||||
Bay Area Toll Auth | 4.00 | % | 4/1/2042 | AA- | 1,635 | 1,825,641 | ||||||||||
CA Muni Fin Auth - LINXS AMT | 4.00 | % | 12/31/2047 | BBB | (b) | 5,440 | 5,804,861 | |||||||||
CA Muni Fin Auth - LINXS AMT | 5.00 | % | 12/31/2031 | BBB | (b) | 1,000 | 1,211,890 | |||||||||
CA Muni Fin Auth - LINXS AMT | 5.00 | % | 12/31/2035 | BBB | (b) | 1,000 | 1,194,720 | |||||||||
CA Muni Fin Auth - LINXS AMT | 5.00 | % | 12/31/2043 | BBB | (b) | 4,700 | 5,490,305 | |||||||||
CA Muni Fin Auth - LINXS APM Proj AMT | 5.00 | % | 12/31/2047 | BBB | (b) | 2,005 | 2,330,431 | |||||||||
Foothill / Eastern Corridor Toll Rd | Zero Coupon | 1/15/2033 | A- | 1,500 | 1,019,820 | |||||||||||
Foothill / Eastern Corridor Toll Rd | 3.50 | %#(a) | 1/15/2053 | A- | 3,690 | 3,847,415 | ||||||||||
Foothill / Eastern Corridor Toll Rd | 3.95 | %#(a) | 1/15/2053 | A- | 2,555 | 2,752,859 | ||||||||||
Foothill / Eastern Corridor Toll Rd | 5.50 | %#(a) | 1/15/2053 | A- | 250 | 275,605 | ||||||||||
Foothill / Eastern Corridor Toll Rd | 5.75 | % | 1/15/2046 | A- | 1,835 | 2,109,773 | ||||||||||
Foothill / Eastern Corridor Toll Rd | 6.00 | % | 1/15/2049 | A- | 4,285 | 5,148,685 | ||||||||||
Foothill / Eastern Corridor Toll Rd | 6.00 | % | 1/15/2053 | A- | 3,060 | 3,676,774 | ||||||||||
Long Beach Harbor AMT | 5.00 | % | 5/15/2028 | AA | 1,000 | 1,179,450 | ||||||||||
Los Angeles Dept Arpts - LAX AMT | 4.00 | % | 5/15/2044 | AA- | 1,250 | 1,394,875 | ||||||||||
Los Angeles Dept Arpts - LAX AMT | 5.00 | % | 5/15/2043 | NR | 1,000 | 1,217,190 | ||||||||||
Los Angeles Dept Arpts - LAX AMT | 5.00 | % | 5/15/2041 | AA | 1,000 | 1,145,470 | ||||||||||
Los Angeles Dept Arpts - LAX AMT | 5.00 | % | 5/15/2046 | AA- | 1,000 | 1,159,950 | ||||||||||
Los Angeles Dept Arpts - LAX AMT | 5.00 | % | 5/15/2047 | AA- | 2,000 | 2,348,740 | ||||||||||
Los Angeles Dept Arpts - LAX AMT | 5.25 | % | 5/15/2048 | AA- | 2,000 | 2,432,900 | ||||||||||
Los Angeles Harbor AMT | 5.00 | % | 8/1/2036 | AA | 1,000 | 1,141,490 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
Los Angeles International Airport AMT | 5.00 | % | 5/15/2044 | AA- | $ | 2,090 | $ | 2,539,016 | ||||||||
Port Oakland AMT | 5.125 | % | 5/1/2031 | A+ | 1,250 | 1,310,837 | ||||||||||
Riverside Co Trsp Commn | Zero Coupon | 6/1/2028 | A- | 1,000 | 833,330 | |||||||||||
Riverside Co Trsp Commn | 5.75 | % | 6/1/2048 | A- | 1,500 | 1,670,295 | ||||||||||
Sacramento Co Arpt | 5.00 | % | 7/1/2041 | A | 1,130 | 1,336,101 | ||||||||||
San Diego Arpt AMT | 4.00 | % | 7/1/2044 | A | 2,625 | 2,912,674 | ||||||||||
San Diego Arpt AMT | 5.00 | % | 7/1/2027 | A+ | 1,000 | 1,125,430 | ||||||||||
San Diego Arpt AMT | 5.00 | % | 7/1/2047 | A+ | (b) | 2,000 | 2,340,760 | |||||||||
San Francisco Arpt AMT | 4.00 | % | 5/1/2049 | A+ | 1,000 | 1,105,340 | ||||||||||
San Francisco Arpt AMT | 5.00 | % | 5/1/2027 | A+ | 1,430 | 1,503,674 | ||||||||||
San Francisco Arpt AMT | 5.00 | % | 5/1/2040 | A+ | 1,500 | 1,697,100 | ||||||||||
San Francisco Arpt AMT | 5.00 | % | 5/1/2050 | A+ | 3,000 | 3,602,400 | ||||||||||
San Francisco Port AMT | 5.00 | % | 3/1/2030 | A1 | 1,415 | 1,585,154 | ||||||||||
San Joaquin Hills Trsp Corridor | 5.00 | % | 1/15/2029 | A- | 1,185 | 1,378,262 | ||||||||||
San Joaquin Hills Trsp Corridor | 5.00 | % | 1/15/2050 | A- | 4,585 | 5,185,910 | ||||||||||
San Joaquin Hills Trsp Corridor | 5.25 | % | 1/15/2044 | BBB+ | 2,100 | 2,394,399 | ||||||||||
San Joaquin Hills Trsp Corridor | 5.25 | % | 1/15/2049 | BBB+ | 930 | 1,056,359 | ||||||||||
San Joaquin Hills Trsp Corridor (NPFGC)(FGIC) | Zero Coupon | 1/15/2036 | Baa2 | 1,235 | 757,969 | |||||||||||
San Jose Arpt AMT | 5.00 | % | 3/1/2047 | A | 2,490 | 2,913,225 | ||||||||||
San Jose Arpt AMT | 6.25 | % | 3/1/2034 | A | 1,500 | 1,585,065 | ||||||||||
Total | 99,244,037 | |||||||||||||||
Utilities 9.70% | ||||||||||||||||
Adelanto Util Sys (AGM) | 5.00 | % | 7/1/2039 | AA | 1,335 | 1,617,406 | ||||||||||
CA Poll Ctl - Poseidon Res† | 5.00 | % | 11/21/2045 | Baa3 | 2,500 | 2,958,650 | ||||||||||
Casitas Muni Water Dist (BAM) | 5.25 | % | 9/1/2047 | AA | 1,525 | 1,851,929 | ||||||||||
Chula Vista IDR - San Diego G & E Rmkt | 5.875 | % | 1/1/2034 | A | 1,000 | 1,003,910 | ||||||||||
El Dorado Irrigation Dist (AGM) | 5.25 | % | 3/1/2039 | AA | 750 | 862,027 | ||||||||||
Guam Pwr Auth (AGM) | 5.00 | % | 10/1/2034 | AA | 705 | 800,690 | ||||||||||
Guam Waterworks Auth | 5.50 | % | 7/1/2043 | A- | 525 | 574,429 | ||||||||||
Long Beach Nat Gas - ML | 2.71 (3 Mo. LIBOR * .67 + 1.43 | % %)# | 11/15/2026 | A2 | 1,000 | 1,023,850 | ||||||||||
Long Beach Nat Gas - ML | 5.25 | % | 11/15/2020 | A2 | 1,505 | 1,555,914 | ||||||||||
Long Beach Nat Gas - ML | 5.50 | % | 11/15/2037 | A2 | 1,255 | 1,773,980 | ||||||||||
Los Angeles DWAP - Pwr Sys | 5.25 | % | 7/1/2037 | AA | 1,500 | 1,851,750 | ||||||||||
Los Angeles DWAP - Pwr Sys | 5.25 | % | 7/1/2049 | AA | 1,000 | 1,257,340 | ||||||||||
Los Angeles Wastewater | 5.00 | % | 6/1/2044 | AA+ | 1,000 | 1,167,470 | ||||||||||
MSR Energy Auth - Citi | 6.50 | % | 11/1/2039 | BBB+ | 1,050 | 1,643,607 | ||||||||||
MSR Energy Auth - Citi | 6.50 | % | 11/1/2039 | BBB+ | 2,305 | 3,608,109 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Utilities (continued) | ||||||||||||||||
MSR Energy Auth - Citi | 7.00 | % | 11/1/2034 | BBB+ | $ | 2,500 | $ | 3,830,025 | ||||||||
Northern CA Gas - Goldman Sachs | 4.00 | %#(a) | 7/1/2049 | A3 | 1,000 | 1,094,080 | ||||||||||
Northern CA Gas - Morgan Stanley | 2.126 (3 Mo. LIBOR * .67 + .72 | % %)# | 7/1/2027 | A3 | 2,050 | 2,029,766 | ||||||||||
PR Aqueduct & Swr Auth | 5.25 | % | 7/1/2042 | Ca | 390 | 406,673 | ||||||||||
PR Elec Pwr Auth(c) | 5.25 | % | 7/1/2033 | D | 115 | 87,688 | ||||||||||
PR Elec Pwr Auth(c) | 5.25 | % | 7/1/2024 | D | 255 | 194,438 | ||||||||||
PR Elec Pwr Auth(c) | 7.00 | % | 7/1/2040 | D | 450 | 353,250 | ||||||||||
San Diego Water | 5.00 | % | 8/1/2043 | Aa3 | 1,000 | 1,229,800 | ||||||||||
San Francisco City & Co PUC Wastewater | 4.00 | % | 10/1/2043 | AA | 1,250 | 1,414,975 | ||||||||||
Santa Maria Wtr & Wastewtr | 5.00 | % | 2/1/2027 | AA- | 1,000 | 1,080,710 | ||||||||||
Silicon Valley Clean Wtr | 4.00 | % | 8/1/2046 | AA | 1,500 | 1,663,530 | ||||||||||
Southern CA Pub Pwr Auth - Apex | 5.00 | % | 7/1/2038 | AA | 1,000 | 1,153,370 | ||||||||||
Southern CA Pub Pwr Auth - Goldman Sachs | 2.75 (3 Mo. LIBOR * .67 + 1.47 | % %)# | 11/1/2038 | A3 | 770 | 744,513 | ||||||||||
Southern CA Pub Pwr Auth - Goldman Sachs | 5.00 | % | 11/1/2033 | A3 | 4,215 | 5,500,069 | ||||||||||
Stockton PFA - Wastewater (BAM) | 5.00 | % | 9/1/2029 | AA | 1,000 | 1,162,450 | ||||||||||
Valley Co Wtr Dist | 4.50 | % | 1/1/2048 | NR | 1,245 | 1,412,776 | ||||||||||
Total | 46,909,174 | |||||||||||||||
Total Municipal Bonds (cost $444,625,823) | 473,683,900 |
Interest Rate# | Interest Rate Reset Date(d) | Final Maturity Date | ||||||||||||||||
SHORT-TERM INVESTMENT 0.43% | ||||||||||||||||||
Variable Rate Demand Notes 0.43% | ||||||||||||||||||
General Obligation | ||||||||||||||||||
CA State GO (cost $2,065,000) | 1.37 | % | 12/31/2019 | 5/1/2034 | AA+ | 2,065 | 2,065,000 | |||||||||||
Total Investments in Securities 98.36% (cost $446,690,823) | 475,748,900 | |||||||||||||||||
Cash and Other Assets in Excess Liabilities(e) 1.64% | 7,922,657 | |||||||||||||||||
Net Assets 100.00% | $ | 483,671,557 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND December 31, 2019
AGM | Insured by - Assured Guaranty Municipal Corporation. |
AMT | Income from the security may be subject to Alternative Minimum Tax. |
BAM | Insured by - Build America Mutual. |
COP | Certificates of Participation. |
FGIC | Insured by - Financial Guaranty Insurance Company. |
LIBOR | London Interbank Offered Rate. |
NPFGC | Insured by - National Public Finance Guarantee Corporation. |
NR | Not Rated. |
# | Variable rate security. The interest rate represents the rate in effect at December 31, 2019. |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At December 31, 2019, the total value of Rule 144A securities was $15,324,130, which represents 3.17% of net assets. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed until designated future date. |
(b) | This investment has been rated by Fitch IBCA. |
(c) | Defaulted (non-income producing security). |
(d) | The interest rate reset date shown represents the date in which the Fund has the right to sell a Variable Rate Demand Note (“VRDN”) back to the issuer for Principal Amount. The interest rate on the VRDN is generally reset daily based on the SIFMA Municipal Swap Index. |
(e) | Cash and Other Assets in Excess of Liabilities include net unrealized appreciation on open futures contracts. |
Open Futures Contracts at December 31, 2019:
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Appreciation | ||||||||||||
U.S. Long Bond | March 2020 | 79 | Short | $ | (12,564,022 | ) | $ | (12,316,594 | ) | $ | 247,428 |
The following is a summary of the inputs used as of December 31, 2019 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments | ||||||||||||||||
Municipal Bonds | $ | — | $ | 473,683,900 | $ | — | $ | 473,683,900 | ||||||||
Short-Term Investment | ||||||||||||||||
Variable Rate Demand Notes | — | 2,065,000 | — | 2,065,000 | ||||||||||||
Total | $ | — | $ | 475,748,900 | $ | — | $ | 475,748,900 | ||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts | ||||||||||||||||
Assets | $ | 247,428 | $ | — | $ | — | $ | 247,428 | ||||||||
Liabilities | — | — | — | — | ||||||||||||
Total | $ | 247,428 | $ | — | $ | — | $ | 247,428 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
MUNICIPAL BONDS 96.26% | ||||||||||||||||
Corporate-Backed 3.57% | ||||||||||||||||
Gloucester Co Poll Ctl - Logan AMT | 5.00 | % | 12/1/2024 | BBB- | $ | 230 | $ | 249,541 | ||||||||
NJ EDA - Continental Airlines AMT | 5.25 | % | 9/15/2029 | BB | 1,675 | 1,823,740 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.50 | % | 4/1/2028 | BB | 320 | 320,838 | ||||||||||
NJ EDA - Continental Airlines AMT | 5.50 | % | 6/1/2033 | BB | 350 | 389,277 | ||||||||||
NJ EDA - Goethals Brdg AMT | 5.00 | % | 7/1/2023 | BBB | 70 | 78,208 | ||||||||||
NJ EDA - Goethals Brdg AMT | 5.00 | % | 1/1/2028 | BBB | 100 | 112,532 | ||||||||||
NJ EDA - Goethals Brdg AMT (AGM) | 5.00 | % | 1/1/2031 | AA | 225 | 251,447 | ||||||||||
Salem Co Poll Ctl - Chambers AMT | 5.00 | % | 12/1/2023 | BBB | 1,185 | 1,272,275 | ||||||||||
Total | 4,497,858 | |||||||||||||||
Education 7.27% | ||||||||||||||||
Gloucester Co Impt Auth - Rowan Univ GTD | 5.00 | % | 7/1/2044 | Aa2 | 370 | 457,449 | ||||||||||
NJ Ed Facs - Kean Univ (AGM) | 5.00 | % | 7/1/2027 | AA | 325 | 382,830 | ||||||||||
NJ Ed Facs - NJ City Univ (AGM) | 5.00 | % | 7/1/2030 | AA | 840 | 1,004,657 | ||||||||||
NJ Ed Facs - Princeton Univ | 5.00 | % | 7/1/2025 | AAA | 420 | 492,005 | ||||||||||
NJ Ed Facs - Rider Univ | 5.00 | % | 7/1/2047 | Baa2 | 500 | 558,725 | ||||||||||
NJ Ed Facs - Seton Hall Univ | 4.00 | % | 7/1/2046 | A- | 345 | 370,941 | ||||||||||
NJ Ed Facs - Stockton Univ | 5.00 | % | 7/1/2034 | A- | 325 | 381,969 | ||||||||||
NJ Ed Facs - Stockton Univ | 5.00 | % | 7/1/2041 | Baa1 | 800 | 923,248 | ||||||||||
NJ Ed Facs - William Paterson Univ (BAM) | 5.00 | % | 7/1/2027 | AA | 500 | 602,515 | ||||||||||
NJ EDA - Montclair St Univ (AGM) | 5.00 | % | 6/1/2042 | AA | 500 | 581,835 | ||||||||||
NJ Higher Ed Assistance Auth AMT | 3.25 | % | 12/1/2039 | Aa1 | 650 | 661,674 | ||||||||||
NJ Higher Ed Assistance Auth AMT | 4.125 | % | 12/1/2024 | Aaa | 450 | 478,719 | ||||||||||
NJ Higher Ed Assistance Auth AMT | 5.00 | % | 12/1/2021 | Aaa | 1,000 | 1,068,200 | ||||||||||
NJ Higher Ed Assistance Auth AMT | 5.00 | % | 12/1/2022 | Aaa | 750 | 826,260 | ||||||||||
Rutgers State Univ | 5.00 | % | 5/1/2028 | Aa3 | 300 | 378,063 | ||||||||||
Total | 9,169,090 | |||||||||||||||
Financial Services 0.19% | ||||||||||||||||
NJ Higher Ed Assistance Auth AMT | 5.00 | % | 12/1/2028 | Aaa | 200 | 245,116 | ||||||||||
General Obligation 8.45% | ||||||||||||||||
Atlantic City GO (AGM) | 5.00 | % | 3/1/2037 | AA | 500 | 586,720 | ||||||||||
Atlantic City GO (BAM) | 5.00 | % | 3/1/2042 | AA | 750 | 869,857 | ||||||||||
Bergen Cnty GO | 3.00 | % | 7/15/2038 | Aaa | 1,000 | 1,034,910 | ||||||||||
Bergen Cnty GO | 3.00 | % | 7/15/2040 | Aaa | 445 | 458,390 | ||||||||||
Cumberland Co Impt Auth (BAM) | 4.00 | % | 10/1/2048 | AA | 750 | 817,763 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
Essex Co GO GTD | 4.00 | % | 11/1/2049 | Aaa | $ | 1,125 | $ | 1,233,247 | ||||||||
Essex Co Impt Auth - Covanta AMT† | 5.25 | % | 7/1/2045 | BB- | 400 | 407,020 | ||||||||||
Gloucester Co Impt Auth - Rowan Univ GTD | 4.00 | % | 7/1/2048 | Aa2 | 500 | 561,570 | ||||||||||
Hudson Co Impt Auth - Solid Waste GTD | 4.00 | % | 1/1/2040 | AA | 500 | 562,245 | ||||||||||
Jersey City GO | 5.00 | % | 11/1/2033 | AA- | 135 | 164,029 | ||||||||||
Mercer Cnty GO | 4.00 | % | 3/15/2040 | AA+ | 190 | 218,397 | ||||||||||
Mercer Cnty GO | 4.00 | % | 4/1/2031 | AA+ | 200 | 237,758 | ||||||||||
Newark Hsg Auth - Port Newark | 4.00 | % | 1/1/2037 | AA- | 510 | 571,450 | ||||||||||
NJ State GO | 5.00 | % | 6/1/2027 | A- | 185 | 215,999 | ||||||||||
NJ State GO | 5.00 | % | 6/1/2027 | A- | 680 | 830,253 | ||||||||||
PR Comwlth GO(a) | 5.375 | % | 7/1/2030 | Ca | 1,000 | 757,500 | ||||||||||
PR Comwlth GO(a) | 5.625 | % | 7/1/2032 | Ca | 100 | 76,125 | ||||||||||
Union Co Util Auth - Covanta GTD AMT | 4.75 | % | 12/1/2031 | AA+ | 1,000 | 1,058,810 | ||||||||||
Total | 10,662,043 | |||||||||||||||
Health Care 11.25% | ||||||||||||||||
Camden Co Impt Auth - Cooper Hlth | 5.00 | % | 2/15/2030 | BBB+ | 500 | 559,155 | ||||||||||
Camden Co Impt Auth - Cooper Hlth | 5.00 | % | 2/15/2032 | BBB+ | 500 | 556,860 | ||||||||||
Camden Co Impt Auth - Cooper Hlth | 5.75 | % | 2/15/2042 | BBB+ | 425 | 470,692 | ||||||||||
NJ EDA - Bancroft Neurohealth | 5.00 | % | 6/1/2036 | NR | 220 | 239,061 | ||||||||||
NJ EDA - Lions Gate | 5.25 | % | 1/1/2044 | NR | 245 | 254,918 | ||||||||||
NJ Hlth - AHS Hsp Corp | 5.00 | % | 7/1/2030 | AA- | 105 | 127,532 | ||||||||||
NJ Hlth - AHS Hsp Corp | 5.00 | % | 7/1/2031 | AA- | 125 | 150,941 | ||||||||||
NJ Hlth - Hackensack Meridian Hlth | 5.00 | % | 7/1/2027 | AA- | 300 | 374,724 | ||||||||||
NJ Hlth - Hackensack Meridian Hlth | 5.00 | % | 7/1/2029 | AA- | 620 | 768,992 | ||||||||||
NJ Hlth - Hackensack Meridian Hlth | 5.00 | % | 7/1/2031 | AA- | 640 | 785,197 | ||||||||||
NJ Hlth - Hackensack Meridian Hlth | 5.00 | % | 7/1/2033 | AA- | 260 | 316,534 | ||||||||||
NJ Hlth - Hunterdon Med Ctr | 5.00 | % | 7/1/2034 | A- | 500 | 558,720 | ||||||||||
NJ Hlth - Inspira Hlth | 4.00 | % | 7/1/2047 | A2 | 450 | 493,506 | ||||||||||
NJ Hlth - Inspira Hlth | 5.00 | % | 7/1/2034 | A2 | 250 | 295,485 | ||||||||||
NJ Hlth - Inspira Hlth | 5.00 | % | 7/1/2035 | A2 | 100 | 120,272 | ||||||||||
NJ Hlth - Inspira Hlth | 5.00 | % | 7/1/2042 | A2 | 545 | 643,580 | ||||||||||
NJ Hlth - Princeton Hlth | 5.00 | % | 7/1/2039 | AA | 1,000 | 1,171,090 | ||||||||||
NJ Hlth - Robert Wood Hsp | 5.25 | % | 7/1/2028 | AA- | 500 | 564,955 | ||||||||||
NJ Hlth - RWJ Barnabas | 5.00 | % | 7/1/2033 | AA- | 1,065 | 1,276,882 | ||||||||||
NJ Hlth - RWJ Barnabas | 5.00 | % | 7/1/2043 | AA- | 825 | 971,149 | ||||||||||
NJ Hlth - St Josephs Hlth | 5.00 | % | 7/1/2027 | BBB- | 100 | 117,873 | ||||||||||
NJ Hlth - St Josephs Hlth | 5.00 | % | 7/1/2041 | BBB- | 750 | 850,597 | ||||||||||
NJ Hlth - Trinitas Hsp | 5.00 | % | 7/1/2030 | BBB | 245 | 286,635 | ||||||||||
NJ Hlth - Univ Hosp (AGM) | 5.00 | % | 7/1/2046 | AA | 1,000 | 1,124,390 | ||||||||||
NJ Hlth Fin Auth - Valley Health | 4.00 | % | 7/1/2044 | A | 1,000 | 1,116,700 | ||||||||||
Total | 14,196,440 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Housing 1.11% | ||||||||||||||||
NJ EDA - Rowan Univ Pptys | 5.00 | % | 1/1/2035 | BBB- | $ | 1,000 | $ | 1,089,410 | ||||||||
NJ Hsg and Mtg Fin Auth | 3.15 | % | 5/1/2053 | AA- | 100 | 99,478 | ||||||||||
NJ Hsg and Mtg Fin Auth AMT | 3.80 | % | 10/1/2032 | AA | 190 | 204,651 | ||||||||||
Total | 1,393,539 | |||||||||||||||
Lease Obligations 21.57% | ||||||||||||||||
Essex Co Impt Auth - Newark | 6.25 | % | 11/1/2030 | Baa2 | 750 | 781,087 | ||||||||||
Gloucester Co Impt Auth - Rowan Univ (AGM) | 5.00 | % | 11/1/2029 | AA | 250 | 302,600 | ||||||||||
Gloucester Co Impt Auth - Rowan Univ (AGM) | 5.00 | % | 11/1/2030 | AA | 290 | 349,485 | ||||||||||
NJ Ed Facs - Higher Ed Cap Impt | 5.00 | % | 9/1/2024 | BBB+ | 125 | 143,010 | ||||||||||
NJ Ed Facs - Higher Ed Cap Impt | 5.00 | % | 9/1/2026 | BBB+ | 235 | 265,548 | ||||||||||
NJ Ed Facs - Higher Ed Cap Impt | 5.00 | % | 9/1/2033 | BBB+ | 1,045 | 1,163,064 | ||||||||||
NJ Ed Facs - Higher Ed Cap Impt | 5.00 | % | 9/1/2036 | BBB+ | 535 | 608,086 | ||||||||||
NJ Ed Facs - Higher Ed Cap Impt | 5.50 | % | 9/1/2033 | BBB+ | 410 | 481,418 | ||||||||||
NJ EDA - Bldgs | 5.00 | % | 6/15/2047 | BBB+ | 540 | 608,018 | ||||||||||
NJ EDA - Goethals Brdg AMT | 5.375 | % | 1/1/2043 | BBB | 1,450 | 1,636,977 | ||||||||||
NJ EDA - Goethals Brdg AMT | 5.625 | % | 1/1/2052 | BBB | 210 | 237,359 | ||||||||||
NJ EDA - Motor Vehicle Surcharge Sub Rev | 5.00 | % | 7/1/2033 | BBB+ | 565 | 650,722 | ||||||||||
NJ EDA - Sch Facs | 4.00 | % | 6/15/2030 | BBB+ | 615 | 651,051 | ||||||||||
NJ EDA - Sch Facs | 4.00 | % | 6/15/2049 | BBB+ | 1,000 | 1,038,680 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2024 | BBB+ | 190 | 216,230 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2026 | BBB+ | 1,260 | 1,387,197 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2026 | BBB+ | 145 | 166,662 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 11/1/2027 | BBB+ | 180 | 214,924 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2028 | BBB+ | 255 | 279,613 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2029 | A- | (b) | 500 | 585,470 | |||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2030 | BBB+ | 130 | 144,902 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2031 | BBB+ | 565 | 628,303 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2034 | BBB+ | 240 | 265,680 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2035 | NR | 475 | 522,918 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2035 | BBB+ | 250 | 268,508 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2035 | BBB+ | 640 | 732,934 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 6/15/2042 | A- | (b) | 435 | 490,149 | |||||||||
NJ EDA - Sch Facs | 5.25 | % | 9/1/2026 | BBB+ | 405 | 422,504 | ||||||||||
NJ EDA - State House Proj | 5.00 | % | 6/15/2035 | BBB+ | 750 | 874,350 | ||||||||||
NJ EDA - Transit Proj | 5.00 | % | 11/1/2025 | BBB+ | 520 | 606,845 | ||||||||||
NJ Hlth - Hsp Asset Trans | 5.00 | % | 10/1/2038 | BBB+ | 520 | 594,376 | ||||||||||
NJ Trans Trust Fund | Zero Coupon | 12/15/2031 | BBB+ | 1,675 | 1,182,667 | |||||||||||
NJ Trans Trust Fund | Zero Coupon | 12/15/2038 | BBB+ | 1,000 | 530,510 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Lease Obligations (continued) | ||||||||||||||||
NJ Trans Trust Fund | 4.00 | % | 12/15/2031 | BBB+ | $ | 905 | $ | 982,685 | ||||||||
NJ Trans Trust Fund | 4.00 | % | 12/15/2039 | BBB+ | 250 | 265,000 | ||||||||||
NJ Trans Trust Fund | 4.00 | % | 6/15/2050 | BBB+ | 1,000 | 1,036,830 | ||||||||||
NJ Trans Trust Fund | 4.25 | % | 12/15/2038 | BBB+ | 295 | 318,143 | ||||||||||
NJ Trans Trust Fund | 4.50 | % | 6/15/2049 | BBB+ | 260 | 280,961 | ||||||||||
NJ Trans Trust Fund | 4.75 | % | 6/15/2038 | BBB+ | 935 | 1,015,906 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2030 | A+ | 545 | 634,990 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2031 | A+ | 400 | 464,540 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2036 | BBB+ | 270 | 293,819 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 12/15/2036 | BBB+ | 530 | 618,420 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2038 | BBB+ | 1,230 | 1,355,128 | ||||||||||
NJ Trans Trust Fund | 5.25 | % | 6/15/2041 | BBB+ | 205 | 230,545 | ||||||||||
NJ Trans Trust Fund | 5.25 | % | 6/15/2043 | BBB+ | 500 | 586,030 | ||||||||||
PR Infra Fin Auth - Mepsi Campus(a) | 6.50 | % | 10/1/2037 | NR | 500 | 101,250 | ||||||||||
Total | 27,216,094 | |||||||||||||||
Other Revenue 0.62% | ||||||||||||||||
Middlesex Co Impt Auth - Heldrich Ctr(a) | 6.25 | % | 1/1/2037 | NR | 1,300 | 19,500 | ||||||||||
NJ EDA - Bancroft Neuro | 5.00 | % | 6/1/2041 | NR | 350 | 376,366 | ||||||||||
NJ EDA - Sch Facs | 5.00 | % | 3/1/2027 | BBB+ | 345 | 379,051 | ||||||||||
Total | 774,917 | |||||||||||||||
Special Tax 0.63% | ||||||||||||||||
NJ EDA - Kapkowski Rd Landfill | 6.50 | % | 4/1/2028 | Ba2 | 675 | 799,497 | ||||||||||
Tax Revenue 4.87% | ||||||||||||||||
Casino Reinv Dev Auth | 5.25 | % | 11/1/2039 | BBB+ | 525 | 568,523 | ||||||||||
Casino Reinv Dev Auth (AGM) | 5.00 | % | 11/1/2032 | AA | 500 | 556,650 | ||||||||||
Garden St Preservation Trust (AGM) | 5.75 | % | 11/1/2028 | AA | 1,205 | 1,509,154 | ||||||||||
NJ EDA - Cigarette Tax | 4.25 | % | 6/15/2027 | BBB+ | 550 | 577,225 | ||||||||||
NJ EDA - Cigarette Tax | 5.00 | % | 6/15/2024 | BBB+ | 845 | 908,865 | ||||||||||
NJ EDA - Cigarette Tax | 5.00 | % | 6/15/2025 | BBB+ | 330 | 354,034 | ||||||||||
NJ EDA - Cigarette Tax | 5.00 | % | 6/15/2029 | BBB+ | 120 | 127,693 | ||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2024 | NR | 10 | 8,790 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2027 | NR | 18 | 14,395 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2029 | NR | 18 | 13,379 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2031 | NR | 176 | 121,056 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2033 | NR | 333 | 212,264 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2046 | NR | 490 | 131,888 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2051 | NR | 599 | 117,656 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Tax Revenue (continued) | ||||||||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | $ | 96 | $ | 97,557 | ||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 286 | 290,639 | ||||||||||
PR Corp Sales Tax | 4.536 | % | 7/1/2053 | NR | 3 | 3,073 | ||||||||||
PR Corp Sales Tax | 4.55 | % | 7/1/2040 | NR | 9 | 9,340 | ||||||||||
PR Corp Sales Tax | 4.75 | % | 7/1/2053 | NR | 267 | 279,421 | ||||||||||
PR Corp Sales Tax | 4.784 | % | 7/1/2058 | NR | 39 | 40,605 | ||||||||||
PR Corp Sales Tax | 5.00 | % | 7/1/2058 | NR | 191 | 203,134 | ||||||||||
Total | 6,145,341 | |||||||||||||||
Tobacco 3.98% | ||||||||||||||||
NJ EDA - Cigarette Tax | 5.00 | % | 6/15/2026 | BBB+ | 1,025 | 1,096,996 | ||||||||||
Tobacco Settlement Fin Corp NJ | 5.00 | % | 6/1/2046 | BBB+ | 125 | 142,165 | ||||||||||
Tobacco Settlement Fin Corp NJ | 5.00 | % | 6/1/2046 | BB+ | 2,350 | 2,619,334 | ||||||||||
Tobacco Settlement Fin Corp NJ | 5.25 | % | 6/1/2046 | BBB+ | 1,000 | 1,160,450 | ||||||||||
Total | 5,018,945 | |||||||||||||||
Transportation 24.79% | ||||||||||||||||
Delaware River & Bay Auth | 5.00 | % | 1/1/2042 | A1 | 1,025 | 1,113,580 | ||||||||||
Delaware River Port Auth | 5.00 | % | 1/1/2022 | A | 1,115 | 1,195,503 | ||||||||||
Delaware River Port Auth | 5.00 | % | 1/1/2024 | A | 360 | 396,320 | ||||||||||
Delaware River Port Auth | 5.00 | % | 1/1/2028 | A+ | 525 | 601,251 | ||||||||||
Delaware River Port Auth | 5.00 | % | 1/1/2034 | A+ | 505 | 572,200 | ||||||||||
Delaware River Port Auth | 5.00 | % | 1/1/2040 | A+ | 500 | 616,925 | ||||||||||
Delaware River Toll Brdg Commn | 3.00 | % | 7/1/2049 | A1 | 1,000 | 1,009,420 | ||||||||||
Delaware River Toll Brdg Commn | 4.00 | % | 1/1/2044 | A1 | 800 | 893,752 | ||||||||||
Delaware River Toll Brdg Commn | 4.00 | % | 7/1/2047 | A1 | 1,155 | 1,260,082 | ||||||||||
Delaware River Toll Brdg Commn | 5.00 | % | 7/1/2029 | A1 | 300 | 359,559 | ||||||||||
Delaware River Toll Brdg Commn | 5.00 | % | 7/1/2030 | A1 | 280 | 346,326 | ||||||||||
NJ EDA - Port Newark AMT | 5.00 | % | 10/1/2047 | Ba1 | 750 | 853,245 | ||||||||||
NJ Tpk Auth | 4.00 | % | 1/1/2043 | NR | 1,000 | 1,122,210 | ||||||||||
NJ Tpk Auth | 4.00 | % | 1/1/2048 | A+ | 1,000 | 1,125,670 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2030 | A+ | 585 | 732,584 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2030 | NR | 510 | 623,465 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2033 | A+ | 560 | 692,815 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2033 | A+ | 1,285 | 1,478,457 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2034 | A+ | 615 | 743,283 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2034 | A+ | 510 | 591,549 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2035 | A+ | 500 | 590,345 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2037 | NR | 305 | 372,939 | ||||||||||
NJ Tpk Auth (AGM) | 5.25 | % | 1/1/2028 | AA | 810 | 1,046,479 | ||||||||||
NJ Trans Trust Fund | 5.00 | % | 6/15/2028 | A+ | 1,000 | 1,175,890 | ||||||||||
NJ Trans Trust Fund | 6.00 | % | 6/15/2035 | BBB+ | 2,025 | 2,165,818 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | |||||||||||
Transportation (continued) | ||||||||||||||||
Port Auth NY & NJ | 4.00 | % | 9/1/2043 | AA- | $ | 850 | $ | 956,802 | ||||||||
Port Auth NY & NJ | 5.00 | % | 11/15/2033 | AA- | 500 | 620,275 | ||||||||||
Port Auth NY & NJ | 5.00 | % | 10/15/2035 | AA- | 500 | 608,820 | ||||||||||
Port Auth NY & NJ | 5.00 | % | 7/15/2038 | AA- | 400 | 493,748 | ||||||||||
Port Auth NY & NJ | 5.00 | % | 11/15/2047 | AA- | 565 | 679,362 | ||||||||||
Port Auth NY & NJ - JFK IAT | 6.00 | % | 12/1/2036 | BBB+ | 160 | 167,205 | ||||||||||
Port Auth NY & NJ - JFK IAT CR (AGM) | 6.00 | % | 12/1/2042 | AA | 455 | 474,301 | ||||||||||
Port Auth NY & NJ AMT | 4.00 | % | 9/1/2043 | AA- | 850 | 946,042 | ||||||||||
Port Auth NY & NJ AMT | 4.00 | % | 11/1/2059 | AA- | 200 | 218,326 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 9/15/2029 | AA- | 320 | 396,045 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 9/15/2032 | AA- | 400 | 488,368 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 11/15/2032 | AA- | 500 | 598,420 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 9/15/2033 | AA- | 350 | 425,712 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 10/15/2036 | AA- | 1,190 | 1,360,444 | ||||||||||
South Jersey Port Corp AMT | 5.00 | % | 1/1/2048 | Baa1 | 500 | 571,540 | ||||||||||
South Jersey Trans Auth | 5.00 | % | 11/1/2039 | BBB+ | 530 | 592,869 | ||||||||||
Total | 31,277,946 | |||||||||||||||
Utilities 7.96% | ||||||||||||||||
Guam Pwr Auth (AGM) | 5.00 | % | 10/1/2034 | AA | 400 | 454,292 | ||||||||||
Guam Waterworks Auth | 5.00 | % | 7/1/2036 | A- | 100 | 114,479 | ||||||||||
NJ EDA - Middlesex Water AMT | 4.00 | % | 8/1/2059 | A+ | 500 | 540,575 | ||||||||||
NJ EDA - Nat Gas | 3.50 | % | 4/1/2042 | Aa3 | 1,285 | 1,323,499 | ||||||||||
NJ EDA - Nat Gas AMT | 3.00 | % | 8/1/2041 | Aa3 | 1,000 | 972,800 | ||||||||||
NJ EDA - NJ American Wtr Co AMT | 2.20 | %# | 10/1/2039 | A+ | 500 | 498,195 | ||||||||||
NJ EDA - UMM Energy AMT | 4.75 | % | 6/15/2032 | Baa2 | 1,000 | 1,058,610 | ||||||||||
NJ Infra Bank-NJ-Am Wtr Co AMT | 4.00 | % | 9/1/2036 | AAA | 335 | 371,515 | ||||||||||
NJ Infra Bank-NJ-Am Wtr Co AMT | 4.00 | % | 9/1/2047 | AAA | 1,500 | 1,623,930 | ||||||||||
NJ Tpk Auth | 5.00 | % | 1/1/2031 | A+ | 500 | 622,155 | ||||||||||
Passaic Valley Swr (NPFGC)(FGIC) | 2.50 | % | 12/1/2032 | A2 | 1,040 | 1,039,990 | ||||||||||
PR Aqueduct & Swr Auth | 6.00 | % | 7/1/2044 | Ca | 190 | 193,800 | ||||||||||
PR Elec Pwr Auth(a) | 5.00 | % | 7/1/2037 | NR | 110 | 83,600 | ||||||||||
PR Elec Pwr Auth(a) | 5.75 | % | 7/1/2036 | NR | 75 | 57,562 | ||||||||||
PR Elec Pwr Auth(a) | 7.00 | % | 7/1/2040 | NR | 100 | 78,500 | ||||||||||
Salem Co Poll Ctl - Atlantic City Elec | 4.875 | % | 6/1/2029 | A | 1,000 | 1,005,790 | ||||||||||
Total | 10,039,292 | |||||||||||||||
Total Municipal Bonds (cost $116,052,890) | 121,436,118 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND December 31, 2019
Investments | Interest Rate# | Interest Rate Reset Date(c) | Final Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | ||||||||||||
SHORT-TERM INVESTMENT 1.03% | ||||||||||||||||||
Variable Rate Demand Notes 1.03% | ||||||||||||||||||
Health Care | ||||||||||||||||||
NJ Hlth - Virtua Hlth (cost $1,300,000) | 1.30 | % | 1/2/2020 | 7/1/2043 | AA+ | $ | 1,300 | $ | 1,300,000 | |||||||||
Total Short-Term Investments (cost $1,300,000) | 1,300,000 | |||||||||||||||||
Total Investments in Securities 97.29% (cost $117,352,890) | 122,736,118 | |||||||||||||||||
Cash and Other Assets in Excess of Liabilities(d) 2.71% | 3,418,266 | |||||||||||||||||
Net Assets 100.00% | $ | 126,154,384 |
AGM | Insured by - Assured Guaranty Municipal Corporation. |
AMT | Income from the security may be subject to Alternative Minimum Tax. |
BAM | Insured by - Build America Mutual. |
FGIC | Insured by - Financial Guaranty Insurance Company. |
GTD | Guaranteed. |
NPFGC | Insured by - National Public Finance Guarantee Corporation. |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At December 31, 2019, the total value of Rule 144A securities was $407,020, which represents 0.32% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at December 31, 2019. |
(a) | Defaulted (non-income producing security). |
(b) | This investment has been rated by Fitch IBCA. |
(c) | The interest rate reset date shown represents the date in which the Fund has the right to sell a Variable Rate Demand Note (“VRDN”) back to the issuer for Principal Amount. The interest rate on the VRDN is generally reset daily based on the SIFMA Municipal Swap Index. |
(d) | Cash and Other Assets in Excess of Liabilities include net unrealized appreciation on open futures contracts. |
Open Futures Contracts at December 31, 2019:
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Appreciation | ||||||||||||
U.S. Long Bond | March 2020 | 11 | Short | $ | (1,757,834 | ) | $ | (1,714,969 | ) | $ | 42,865 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND December 31, 2019
The following is a summary of the inputs used as of December 31, 2019 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments | ||||||||||||||||
Municipal Bonds | $ | — | $ | 121,436,118 | $ | — | $ | 121,436,118 | ||||||||
Short-Term Investment | ||||||||||||||||
Variable Rate Demand Notes | — | 1,300,000 | — | 1,300,000 | ||||||||||||
Total | $ | — | $ | 122,736,118 | $ | — | $ | 122,736,118 | ||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts | ||||||||||||||||
Assets | $ | 42,865 | $ | — | $ | — | $ | 42,865 | ||||||||
Liabilities | — | — | — | — | ||||||||||||
Total | $ | 42,865 | $ | — | $ | — | $ | 42,865 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
MUNICIPAL BONDS 97.92% | ||||||||||||||||
Corporate-Backed 7.91% | ||||||||||||||||
Brooklyn Arena LDC - Barclays Ctr | Zero Coupon | 7/15/2047 | Ba1 | $ | 250 | $ | 87,852 | |||||||||
Build NYC Res Corp - Pratt Paper AMT† | 4.50 | % | 1/1/2025 | NR | 250 | 276,630 | ||||||||||
Build NYC Res Corp - Pratt Paper AMT† | 5.00 | % | 1/1/2035 | NR | 250 | 274,660 | ||||||||||
Liberty Dev Corp - Goldman Sachs | 5.25 | % | 10/1/2035 | A3 | 5,535 | 7,543,651 | ||||||||||
Liberty Dev Corp - Goldman Sachs | 5.50 | % | 10/1/2037 | A3 | 2,785 | 3,958,488 | ||||||||||
Niagara Area Dev Corp - Covanta AMT† | 4.75 | % | 11/1/2042 | B1 | 1,750 | 1,847,300 | ||||||||||
NY Env Facs - Casella Waste AMT† | 2.875 | %#(a) | 12/1/2044 | B | 1,500 | 1,512,255 | ||||||||||
NY Liberty Dev Corp - 3 WTC† | 5.00 | % | 11/15/2044 | NR | 6,655 | 7,361,229 | ||||||||||
NY Liberty Dev Corp - 3 WTC† | 7.25 | % | 11/15/2044 | NR | 600 | 711,648 | ||||||||||
NY Liberty Dev Corp - 7 WTC | 5.00 | % | 9/15/2040 | Aaa | 1,015 | 1,092,170 | ||||||||||
NY Liberty Dev Corp - BoA Tower | 5.625 | % | 7/15/2047 | AA+ | 2,685 | 2,689,189 | ||||||||||
NY Liberty Dev Corp - BofA Tower | 2.80 | % | 9/15/2069 | Baa2 | 1,500 | 1,512,540 | ||||||||||
NY Trans Dev Corp - American Airlines AMT | 5.00 | % | 8/1/2031 | BB- | 3,500 | 3,652,250 | ||||||||||
NYC Cap Res - Arthur Mgmt | 7.00 | % | 8/1/2025 | NR | 935 | 966,949 | ||||||||||
NYC IDA - TRIPS AMT | 5.00 | % | 7/1/2028 | BBB+ | 1,825 | 1,958,718 | ||||||||||
NYC IDA - Yankee Stadium (FGIC) | 4.50 | % | 3/1/2039 | Baa1 | 1,605 | 1,621,660 | ||||||||||
Westchester Co - Miriam Osborn Memorial | 5.00 | % | 7/1/2034 | A- | (b) | 200 | 233,852 | |||||||||
Total | 37,301,041 | |||||||||||||||
Education 11.30% | ||||||||||||||||
Buffalo & Erie IDC - Buffalo State College | 5.75 | % | 10/1/2026 | A+ | 1,350 | 1,431,580 | ||||||||||
Build NYC Res Corp - Manhattan Clg | 5.00 | % | 8/1/2033 | A- | 1,125 | 1,351,665 | ||||||||||
Build NYC Res Corp - NY Law | 5.00 | % | 7/1/2041 | BBB- | 1,000 | 1,112,920 | ||||||||||
Build NYC Res Corp - Packer Collegiate | 5.00 | % | 6/1/2040 | A2 | 1,000 | 1,144,070 | ||||||||||
Dutchess Co LDC - Anderson Ctr | 6.00 | % | 10/1/2030 | BB+ | 775 | 794,615 | ||||||||||
Dutchess Co LDC - Culinary Institute | 5.00 | % | 7/1/2033 | Baa2 | 390 | 454,818 | ||||||||||
Dutchess Co LDC - Culinary Institute | 5.00 | % | 7/1/2041 | Baa2 | 200 | 228,872 | ||||||||||
Dutchess Co LDC - Culinary Institute | 5.00 | % | 7/1/2046 | Baa2 | 275 | 313,170 | ||||||||||
Dutchess Co LDC - Vassar College | 5.00 | % | 7/1/2034 | Aa3 | 250 | 303,535 | ||||||||||
Hempstead Town LDC - Adelphi Univ | 4.00 | % | 2/1/2039 | A- | 2,110 | 2,376,957 | ||||||||||
Hempstead Town LDC - Hofstra Univ | 5.00 | % | 7/1/2042 | A | 545 | 643,171 | ||||||||||
Hempstead Town LDC - Molloy Clg | 5.00 | % | 7/1/2034 | BBB | 825 | 971,404 | ||||||||||
Hempstead Town LDC - Molloy Clg | 5.00 | % | 7/1/2037 | BBB | 630 | 735,991 | ||||||||||
Hempstead Town LDC - Molloy Clg | 5.00 | % | 7/1/2039 | BBB | 555 | 645,088 | ||||||||||
Monroe Co IDA - Univ of Rochester | 5.00 | % | 7/1/2031 | AA- | 350 | 437,203 | ||||||||||
New Rochelle LDC - Iona Clg | 5.00 | % | 7/1/2028 | BBB | 205 | 234,721 | ||||||||||
New Rochelle LDC - Iona Clg | 5.00 | % | 7/1/2029 | BBB | 250 | 285,813 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Education (continued) | ||||||||||||||||
New Rochelle LDC - Iona Clg | 5.00 | % | 7/1/2030 | BBB | $ | 220 | $ | 251,110 | ||||||||
New Rochelle LDC - Iona Clg | 5.00 | % | 7/1/2031 | BBB | 200 | 228,100 | ||||||||||
NY Dorm - Barnard Clg | 5.00 | % | 7/1/2028 | A1 | 500 | 591,815 | ||||||||||
NY Dorm - Fordham Univ | 5.00 | % | 7/1/2035 | A | 550 | 653,477 | ||||||||||
NY Dorm - Long Island Univ | 5.00 | % | 9/1/2026 | BBB+ | 1,000 | 1,084,390 | ||||||||||
NY Dorm - Mt Sinai Sch Med | 5.00 | % | 7/1/2040 | A- | 2,000 | 2,284,240 | ||||||||||
NY Dorm - NYU | 4.00 | % | 7/1/2045 | Aa2 | 1,000 | 1,134,620 | ||||||||||
NY Dorm - NYU | 5.00 | % | 7/1/2028 | Aa2 | 1,000 | 1,265,420 | ||||||||||
NY Dorm - NYU | 5.00 | % | 7/1/2029 | Aa2 | 1,000 | 1,262,070 | ||||||||||
NY Dorm - NYU | 5.00 | % | 7/1/2042 | Aa2 | 1,500 | 1,883,955 | ||||||||||
NY Dorm - Pace Univ | 4.00 | % | 5/1/2022 | NR | 25 | 26,787 | ||||||||||
NY Dorm - Pace Univ | 5.00 | % | 5/1/2023 | NR | 20 | 22,682 | ||||||||||
NY Dorm - Pace Univ | 5.00 | % | 5/1/2023 | NR | 905 | 1,007,084 | ||||||||||
NY Dorm - PIT | 5.00 | % | 2/15/2041 | AA+ | 3,000 | 3,614,310 | ||||||||||
NY Dorm - Pratt Institute | 5.00 | % | 7/1/2034 | A2 | 1,035 | 1,173,607 | ||||||||||
NY Dorm - Pratt Institute | 5.00 | % | 7/1/2039 | A2 | 1,010 | 1,177,478 | ||||||||||
NY Dorm - St Johns Univ | 5.00 | % | 7/1/2027 | A- | 250 | 296,898 | ||||||||||
NY Dorm - SUNY | 3.00 | % | 7/1/2042 | Aa3 | 2,790 | 2,828,502 | ||||||||||
NY Dorm - SUNY Empire Commons | 5.00 | % | 5/1/2030 | A | 350 | 422,104 | ||||||||||
NY Dorm - SUNY Empire Commons | 5.00 | % | 5/1/2032 | A | 250 | 299,610 | ||||||||||
NY Dorm - The New School | 5.00 | % | 7/1/2028 | A- | 780 | 950,485 | ||||||||||
NY Dorm - Touro Clg | 5.00 | % | 1/1/2047 | BBB- | (b) | 1,500 | 1,681,140 | |||||||||
NY Dorm - Touro Clg | 5.25 | % | 1/1/2034 | BBB- | (b) | 1,225 | 1,349,215 | |||||||||
Onondaga CDC - Upstate Prop Dev | 5.50 | % | 12/1/2031 | A+ | 1,000 | 1,078,970 | ||||||||||
Rochester Institute of Technology | 4.00 | % | 7/1/2044 | A1 | 4,150 | 4,623,224 | ||||||||||
Rochester Institute of Technology | 5.00 | % | 7/1/2049 | A1 | 1,500 | 1,821,435 | ||||||||||
St Lawrence IDA - Clarkson Univ | 6.00 | % | 9/1/2034 | Baa1 | 1,625 | 1,736,946 | ||||||||||
Troy Cap Res Corp - RPI | 5.00 | % | 8/1/2032 | A3 | 1,380 | 1,612,171 | ||||||||||
Univ of Rochester | 4.00 | % | 7/1/2043 | AA- | 1,000 | 1,108,380 | ||||||||||
Westchester Co - Miriam Osborn Memorial | 5.00 | % | 7/1/2042 | A- | (b) | 450 | 517,982 | |||||||||
Westchester Co - Sarah Lawrence College | 4.00 | % | 6/1/2033 | BBB | 1,700 | 1,837,190 | ||||||||||
Total | 53,290,990 | |||||||||||||||
General Obligation 7.08% | ||||||||||||||||
City of Syracuse | 4.00 | % | 5/15/2034 | A1 | 725 | 814,755 | ||||||||||
Erie CO GO | 5.00 | % | 9/15/2028 | AA- | 275 | 329,219 | ||||||||||
Jefferson Co - Samaritan Med Ctr | 5.00 | % | 11/1/2037 | BBB- | 2,000 | 2,327,020 | ||||||||||
NY Dorm - Sch Dist (AGM) | 5.00 | % | 10/1/2027 | AA | 1,000 | 1,173,320 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
General Obligation (continued) | ||||||||||||||||
NYC GO | 4.00 | % | 10/1/2039 | Aa1 | $ | 1,650 | $ | 1,879,548 | ||||||||
NYC GO | 5.00 | % | 8/1/2026 | Aa1 | 1,000 | 1,232,220 | ||||||||||
NYC GO | 5.00 | % | 8/1/2026 | Aa1 | 1,750 | 2,097,847 | ||||||||||
NYC GO | 5.00 | % | 8/1/2027 | Aa1 | 1,410 | 1,544,387 | ||||||||||
NYC GO | 5.00 | % | 8/1/2027 | Aa1 | 1,700 | 2,007,870 | ||||||||||
NYC GO | 5.00 | % | 8/1/2029 | Aa1 | 3,000 | 3,656,910 | ||||||||||
NYC GO | 5.00 | % | 10/1/2034 | Aa1 | 1,500 | 1,642,425 | ||||||||||
NYC GO | 5.00 | % | 10/1/2039 | Aa1 | 1,000 | 1,207,780 | ||||||||||
NYC GO | 5.00 | % | 8/1/2043 | Aa1 | 1,250 | 1,543,100 | ||||||||||
NYC GO | 5.00 | % | 12/1/2044 | Aa1 | 2,500 | 3,047,100 | ||||||||||
NYC GO | 5.00 | % | 4/1/2045 | Aa1 | 1,380 | 1,660,609 | ||||||||||
NYS Mtg | 2.95 | % | 10/1/2049 | Aa1 | 2,000 | 1,969,140 | ||||||||||
PR Comwlth GO(c) | 5.00 | % | 7/1/2027 | D | 65 | 52,569 | ||||||||||
PR Comwlth GO(c) | 5.125 | % | 7/1/2028 | D | 155 | 123,419 | ||||||||||
PR Comwlth GO(c) | 5.375 | % | 7/1/2030 | D | 4,185 | 3,170,137 | ||||||||||
PR Comwlth GO(c) | 5.50 | % | 7/1/2027 | D | 60 | 43,050 | ||||||||||
PR Comwlth GO(c) | 6.125 | % | 7/1/2033 | D | 170 | 131,538 | ||||||||||
Suffolk Co GO (AGM) | 5.00 | % | 2/1/2025 | AA | 1,460 | 1,719,953 | ||||||||||
Total | 33,373,916 | |||||||||||||||
Health Care 9.77% | ||||||||||||||||
Buffalo & Erie IDC - Catholic Hlth | 5.00 | % | 7/1/2025 | BBB+ | 300 | 355,461 | ||||||||||
Buffalo & Erie IDC - Orchard Park | 5.00 | % | 11/15/2037 | BBB- | (b) | 1,000 | 1,118,800 | |||||||||
Dutchess Co Dev Corp - Nuvance Hlt | 4.00 | % | 7/1/2044 | A- | 1,250 | 1,386,987 | ||||||||||
Dutchess Co Dev Corp - Nuvance Hlt | 4.00 | % | 7/1/2049 | A- | 2,000 | 2,204,860 | ||||||||||
Dutchess Co LDC - Health Quest | 5.00 | % | 7/1/2034 | A- | 500 | 582,415 | ||||||||||
Dutchess Co LDC - Health Quest | 5.00 | % | 7/1/2035 | A- | 1,500 | 1,766,160 | ||||||||||
Genesee Co IDA - United Mem Med Ctr | 5.00 | % | 12/1/2032 | NR | 1,100 | 1,101,793 | ||||||||||
Monroe Co - St. Ann’s | 5.00 | % | 1/1/2050 | NR | 1,250 | 1,351,912 | ||||||||||
Monroe Co IDA - Rochester General Hospital | 5.00 | % | 12/1/2034 | NR | 250 | 295,295 | ||||||||||
Nassau Co LEAC - Catholic Hlth LI | 5.00 | % | 7/1/2027 | A- | 625 | 711,938 | ||||||||||
Nassau Co LEAC - Catholic Hlth LI | 5.00 | % | 7/1/2028 | A- | 2,045 | 2,318,253 | ||||||||||
Nassau Co LEAC - Catholic Hlth LI | 5.00 | % | 7/1/2033 | A- | 600 | 667,272 | ||||||||||
Nassau Co LEAC - Winthrop Univ Hsp | 5.00 | % | 7/1/2032 | A3 | 2,000 | 2,144,860 | ||||||||||
New York City Health & Hospitals Corp | 5.00 | % | 2/15/2025 | Aa2 | 1,000 | 1,004,420 | ||||||||||
NY Dorm - Catholic Hlth | 4.00 | % | 7/1/2045 | BBB+ | 2,875 | 3,151,949 | ||||||||||
NY Dorm - Catholic Hlth | 5.00 | % | 7/1/2032 | BBB+ | 500 | 538,495 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Health Care (continued) | ||||||||||||||||
NY Dorm - Montefiore | 4.00 | % | 8/1/2036 | BBB | $ | 375 | $ | 417,000 | ||||||||
NY Dorm - Montefiore | 4.00 | % | 8/1/2037 | BBB | 1,670 | 1,851,846 | ||||||||||
NY Dorm - Montefiore | 4.00 | % | 8/1/2038 | BBB | 345 | 381,070 | ||||||||||
NY Dorm - Montefiore | 5.00 | % | 8/1/2033 | BBB | 200 | 242,878 | ||||||||||
NY Dorm - Montefiore | 5.00 | % | 8/1/2034 | BBB | 325 | 393,188 | ||||||||||
NY Dorm - Montefiore | 5.00 | % | 8/1/2035 | BBB | 525 | 632,515 | ||||||||||
NY Dorm - Mt Sinai Hsp | 5.00 | % | 7/1/2026 | A- | 2,025 | 2,064,548 | ||||||||||
NY Dorm - North Shore LI Jewish | 5.00 | % | 5/1/2028 | A- | 1,000 | 1,178,910 | ||||||||||
NY Dorm - NYU Hsps Ctr | 5.00 | % | 7/1/2032 | A- | 810 | 965,552 | ||||||||||
NY Dorm - NYU Hsps Ctr | 5.00 | % | 7/1/2033 | A- | 760 | 904,005 | ||||||||||
NY Dorm - Orange Regl Med Ctr† | 5.00 | % | 12/1/2026 | BBB- | 1,000 | 1,159,920 | ||||||||||
NY Dorm - Orange Regl Med Ctr† | 5.00 | % | 12/1/2029 | BBB- | 1,900 | 2,262,463 | ||||||||||
Oneida Co - Mohawk Valley Hlth (AGM) | 4.00 | % | 12/1/2049 | AA | 4,000 | 4,412,480 | ||||||||||
Southhold LDC - Peconic Landing | 5.00 | % | 12/1/2045 | BBB- | (b) | 1,000 | 1,082,120 | |||||||||
Tompkins Co Dev Corp - Kendal Ithaca | 5.00 | % | 7/1/2044 | BBB+ | 920 | 1,010,436 | ||||||||||
Westchester CO Hlth Care | 5.00 | % | 11/1/2033 | Baa2 | 1,000 | 1,144,900 | ||||||||||
Westchester CO Hlth Care | 5.00 | % | 11/1/2034 | Baa2 | 985 | 1,125,766 | ||||||||||
Westchester Co Hlth Care | 5.00 | % | 11/1/2046 | Baa2 | 2,240 | 2,511,264 | ||||||||||
Westchester CO Hlth Care | 6.00 | % | 11/1/2030 | Baa2 | 110 | 114,209 | ||||||||||
Westchester CO Hlth Care | 6.125 | % | 11/1/2037 | Baa2 | 40 | 41,535 | ||||||||||
Westchester CO Hlth Care | 6.125 | % | 11/1/2037 | Baa2 | 145 | 150,554 | ||||||||||
Westchester Co LDC - Kendal Hudson | 5.00 | % | 1/1/2034 | BBB | (b) | 1,250 | 1,346,688 | |||||||||
Total | 46,094,717 | |||||||||||||||
Housing 1.64% | ||||||||||||||||
NY State Hsg | 3.15 | % | 11/1/2054 | Aa2 | 1,000 | 1,002,130 | ||||||||||
NYC HDC | 3.35 | % | 11/1/2065 | AA+ | 1,000 | 1,003,250 | ||||||||||
NYC Hsg - 8 Spruce St | 4.50 | % | 2/15/2048 | NR | 1,000 | 1,060,290 | ||||||||||
NYC Multi-Family Hsg | 3.05 | % | 5/1/2050 | AA+ | 2,000 | 1,989,980 | ||||||||||
NYS Mtg | 3.00 | % | 10/1/2039 | Aa1 | 1,500 | 1,521,840 | ||||||||||
Westchester Co - SUNY Purchase Hsg | 5.00 | % | 6/1/2047 | BBB | 1,000 | 1,154,040 | ||||||||||
Total | 7,731,530 | |||||||||||||||
Lease Obligations 5.09% | ||||||||||||||||
Erie Co IDA - Buffalo Sch Dist | 5.00 | % | 5/1/2027 | AA | 1,750 | 2,129,155 | ||||||||||
Erie Co IDA - Buffalo Sch Dist | 5.00 | % | 5/1/2028 | AA | 1,050 | 1,272,359 | ||||||||||
Erie Co IDA - Buffalo Sch Dist | 5.25 | % | 5/1/2030 | AA | 2,575 | 2,712,248 | ||||||||||
Erie Co IDA - Buffalo Sch Dist | 5.25 | % | 5/1/2032 | AA | 1,000 | 1,052,480 | ||||||||||
Hudson Yards | 5.00 | % | 2/15/2031 | Aa2 | 2,000 | 2,455,420 | ||||||||||
Hudson Yards | 5.00 | % | 2/15/2033 | Aa2 | 1,065 | 1,298,416 | ||||||||||
Hudson Yards | 5.00 | % | 2/15/2042 | Aa2 | 1,035 | 1,232,188 | ||||||||||
NY Dorm - Court Facs | Zero Coupon | 8/1/2021 | AA | 2,265 | 2,222,259 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Lease Obligations (continued) | ||||||||||||||||
NY Dorm - Master BOCES | 5.50 | % | 8/15/2026 | Aa2 | $ | 1,560 | $ | 1,665,737 | ||||||||
NY Dorm - PIT | 5.00 | % | 2/15/2039 | AA+ | 1,000 | 1,197,380 | ||||||||||
NY Liberty Dev Corp - 4 WTC | 5.00 | % | 11/15/2031 | A+ | 1,000 | 1,068,180 | ||||||||||
NYC TFA - Bldg Aid | 5.00 | % | 7/15/2025 | AA | 1,510 | 1,655,458 | ||||||||||
NYC TFA - Bldg Aid | 5.00 | % | 7/15/2027 | AA | 1,425 | 1,509,246 | ||||||||||
NYC TFA - Bldg Aid | 5.00 | % | 7/15/2035 | AA | 2,005 | 2,439,664 | ||||||||||
PR Infra Fin Auth - Mepsi Campus(c) | 6.50 | % | 10/1/2037 | NR | 500 | 101,250 | ||||||||||
Total | 24,011,440 | |||||||||||||||
Other 0.64% | ||||||||||||||||
Build NYC Res Corp - Childrens Aid Soc | 4.00 | % | 7/1/2044 | A+ | 1,340 | 1,501,162 | ||||||||||
Build NYC Res Corp - Childrens Aid Soc | 4.00 | % | 7/1/2049 | A+ | 1,355 | 1,509,361 | ||||||||||
Total | 3,010,523 | |||||||||||||||
Other Revenue 2.44% | ||||||||||||||||
Brooklyn Arena LDC - Barclays Ctr | 5.00 | % | 7/15/2030 | Ba1 | 2,500 | 2,906,900 | ||||||||||
Brooklyn Arena LDC - Barclays Ctr | 5.00 | % | 7/15/2042 | Ba1 | 3,000 | 3,382,350 | ||||||||||
Brooklyn Arena LDC - Barclays Ctr | 6.00 | % | 7/15/2030 | AA+ | 5 | 5,008 | ||||||||||
Build NYC Res Corp - YMCA | 5.00 | % | 8/1/2040 | A- | 525 | 597,329 | ||||||||||
Build NYC Res Corp - YMCA | 5.00 | % | 8/1/2042 | A- | 1,370 | 1,460,078 | ||||||||||
NY Dorm - NYSARC Inc | 5.125 | % | 7/1/2030 | Aa2 | 2,000 | 2,039,180 | ||||||||||
Yonkers EDC - Charter Sch Ed Excellence | 6.25 | % | 10/15/2040 | BB | 1,100 | 1,126,807 | ||||||||||
Total | 11,517,652 | |||||||||||||||
Special Tax 1.31% | ||||||||||||||||
NYC IDA - Queens Stadium (AMBAC) | 5.00 | % | 1/1/2031 | BBB | 2,075 | 2,099,236 | ||||||||||
NYC IDA - Yankee Stadium (FGIC) | 2.644 (CPI Based) | % | 3/1/2026 | Baa1 | 3,450 | 3,495,885 | ||||||||||
NYC IDA - Yankee Stadium (AGC) | Zero Coupon | 3/1/2043 | AA | 375 | 179,302 | |||||||||||
NYC IDA - Yankee Stadium (AGC) | Zero Coupon | 3/1/2044 | AA | 635 | 290,157 | |||||||||||
NYC IDA - Yankee Stadium (AGC) | Zero Coupon | 3/1/2047 | AA | 295 | 118,643 | |||||||||||
Total | 6,183,223 | |||||||||||||||
Tax Revenue 14.93% | ||||||||||||||||
Hudson Yards | 5.75 | % | 2/15/2047 | Aa2 | 1,030 | 1,080,037 | ||||||||||
MTA NY - Dedicated Tax | 5.00 | % | 11/15/2034 | AA | 1,000 | 1,236,890 | ||||||||||
MTA NY - Dedicated Tax | 5.25 | % | 11/15/2031 | AA | 1,080 | 1,340,863 | ||||||||||
NY Dorm - PIT | 5.00 | % | 3/15/2027 | AA+ | 1,250 | 1,479,213 | ||||||||||
NY Dorm - PIT | 5.00 | % | 3/15/2032 | Aa1 | 3,000 | 3,806,160 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Tax Revenue (continued) | ||||||||||||||||
NY Dorm - PIT | 5.00 | % | 2/15/2034 | AA+ | $ | 1,250 | $ | 1,452,250 | ||||||||
NY Dorm - PIT | 5.00 | % | 3/15/2036 | AA+ | 2,000 | 2,349,400 | ||||||||||
NY Dorm - PIT | 5.00 | % | 2/15/2042 | AA+ | 2,055 | 2,470,295 | ||||||||||
NY Dorm - PIT | 5.00 | % | 3/15/2045 | Aa1 | 2,000 | 2,423,660 | ||||||||||
NY Dorm - Sales Tax | 5.00 | % | 3/15/2026 | AA+ | 1,000 | 1,189,430 | ||||||||||
NY Dorm - Sales Tax | 5.00 | % | 3/15/2043 | AA+ | 2,025 | 2,416,574 | ||||||||||
NY St Dorm Auth - PIT | 4.00 | % | 3/15/2048 | Aa1 | 1,900 | 2,107,632 | ||||||||||
NY St Dorm Auth - PIT | 4.00 | % | 3/15/2049 | Aa1 | 1,500 | 1,667,925 | ||||||||||
NY UDC - PIT | 4.00 | % | 3/15/2047 | AA+ | 1,650 | 1,833,084 | ||||||||||
NY UDC - PIT | 5.00 | % | 3/15/2033 | AA+ | 2,010 | 2,234,457 | ||||||||||
NY UDC - PIT | 5.00 | % | 3/15/2036 | AA+ | 1,500 | 1,704,075 | ||||||||||
NY UDC - PIT | 5.00 | % | 3/15/2040 | AA+ | 1,000 | 1,204,640 | ||||||||||
NY UDC Sales Tax | 4.00 | % | 3/15/2043 | Aa1 | 2,000 | 2,256,480 | ||||||||||
NY UDC Sales Tax | 4.00 | % | 3/15/2044 | Aa1 | 1,250 | 1,410,713 | ||||||||||
NYC TFA - Future Tax | 4.00 | % | 8/1/2039 | AAA | 1,000 | 1,126,250 | ||||||||||
NYC TFA - Future Tax | 4.00 | % | 5/1/2042 | AAA | 2,000 | 2,250,160 | ||||||||||
NYC TFA - Future Tax | 4.00 | % | 11/1/2042 | AAA | 1,675 | 1,882,533 | ||||||||||
NYC TFA - Future Tax | 4.00 | % | 5/1/2043 | AAA | 2,000 | 2,224,860 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 2/1/2027 | AAA | 1,500 | 1,561,995 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 11/1/2030 | AAA | 2,075 | 2,560,259 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 11/1/2032 | AAA | 1,535 | 1,879,776 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 5/1/2034 | AAA | 125 | 125,365 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 5/1/2035 | AAA | 1,230 | 1,495,323 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 8/1/2040 | Aa1 | 2,530 | 3,049,409 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 8/1/2041 | Aa1 | 2,975 | 3,577,586 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 8/1/2042 | AAA | 2,700 | 3,274,965 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 2/1/2043 | AAA | 2,510 | 2,979,320 | ||||||||||
NYC TFA - Future Tax | 5.00 | % | 5/1/2043 | AAA | 1,400 | 1,669,556 | ||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2024 | NR | 68 | 59,769 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2027 | NR | 120 | 95,969 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2029 | NR | 124 | 92,168 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2031 | NR | 471 | 323,963 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2033 | NR | 384 | 244,773 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2046 | NR | 1,696 | 456,495 | |||||||||||
PR Corp Sales Tax | Zero Coupon | 7/1/2051 | NR | 2,136 | 419,553 | |||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 468 | 475,591 | ||||||||||
PR Corp Sales Tax | 4.329 | % | 7/1/2040 | NR | 555 | 564,002 | ||||||||||
PR Corp Sales Tax | 4.536 | % | 7/1/2053 | NR | 54 | 55,316 | ||||||||||
PR Corp Sales Tax | 4.55 | % | 7/1/2040 | NR | 153 | 158,786 | ||||||||||
PR Corp Sales Tax | 4.75 | % | 7/1/2053 | NR | 1,042 | 1,090,474 | ||||||||||
PR Corp Sales Tax | 4.784 | % | 7/1/2058 | NR | 178 | 185,323 | ||||||||||
PR Corp Sales Tax | 5.00 | % | 7/1/2058 | NR | 822 | 874,222 | ||||||||||
Total | 70,417,539 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Tobacco 3.29% | ||||||||||||||||
Erie Co Tobacco | Zero Coupon | 6/1/2055 | NR | $ | 8,000 | $ | 507,760 | |||||||||
Erie Co Tobacco | Zero Coupon | 6/1/2060 | NR | 15,000 | 366,000 | |||||||||||
Monroe Tobacco | Zero Coupon | 6/1/2061 | NR | 10,000 | 342,000 | |||||||||||
Nassau CO Tobacco | Zero Coupon | 6/1/2060 | NR | 15,000 | 453,450 | |||||||||||
Nassau CO Tobacco | 5.125 | % | 6/1/2046 | B- | 2,030 | 2,029,919 | ||||||||||
Rockland Tobacco† | Zero Coupon | 8/15/2060 | NR | 10,575 | 488,036 | |||||||||||
Suffolk Tobacco Asset Sec Corp | 5.00 | % | 6/1/2032 | BBB | 1,335 | 1,404,901 | ||||||||||
Suffolk Tobacco Asset Sec Corp | 5.25 | % | 6/1/2037 | BBB | 1,175 | 1,240,788 | ||||||||||
Suffolk Tobacco Asset Sec Corp | 6.00 | % | 6/1/2048 | NR | 1,350 | 1,352,241 | ||||||||||
Suffolk Tobacco Asset Sec Corp | 6.625 | % | 6/1/2044 | NR | 750 | 787,658 | ||||||||||
TSASC | 5.00 | % | 6/1/2034 | A- | 1,000 | 1,179,660 | ||||||||||
TSASC | 5.00 | % | 6/1/2035 | A- | 300 | 352,692 | ||||||||||
TSASC | 5.00 | % | 6/1/2036 | A- | 100 | 117,281 | ||||||||||
TSASC | 5.00 | % | 6/1/2041 | BBB+ | 300 | 336,414 | ||||||||||
TSASC | 5.00 | % | 6/1/2048 | NR | 2,700 | 2,725,191 | ||||||||||
Westchester Tobacco Asset Securitization Corp | 5.125 | % | 6/1/2051 | B | 1,750 | 1,838,462 | ||||||||||
Total | 15,522,453 | |||||||||||||||
Transportation 23.91% | ||||||||||||||||
Buffalo & Erie PBA - Peace Bridge | 5.00 | % | 1/1/2034 | A+ | 600 | 717,750 | ||||||||||
MTA NY | 5.00 | % | 11/15/2023 | A1 | 2,455 | 2,708,896 | ||||||||||
MTA NY | 5.00 | % | 11/15/2027 | A1 | 350 | 410,158 | ||||||||||
MTA NY | 5.00 | % | 11/15/2028 | A1 | 705 | 849,934 | ||||||||||
MTA NY | 5.00 | % | 11/15/2028 | A1 | 710 | 901,302 | ||||||||||
MTA NY | 5.00 | % | 11/15/2028 | A1 | 2,415 | 3,016,625 | ||||||||||
MTA NY | 5.00 | % | 11/15/2029 | A1 | 1,090 | 1,352,755 | ||||||||||
MTA NY | 5.00 | % | 11/15/2029 | A1 | 1,500 | 1,778,610 | ||||||||||
MTA NY | 5.00 | % | 11/15/2030 | A1 | 1,500 | 1,811,145 | ||||||||||
MTA NY | 5.00 | % | 11/15/2033 | A1 | 1,360 | 1,656,752 | ||||||||||
MTA NY | 5.00 | % | 11/15/2033 | A1 | 1,500 | 1,721,340 | ||||||||||
MTA NY | 5.00 | % | 11/15/2041 | A1 | 1,000 | 1,163,190 | ||||||||||
MTA NY | 5.25 | % | 11/15/2028 | A1 | 3,740 | 4,505,728 | ||||||||||
MTA NY | 5.25 | % | 11/15/2029 | A1 | 1,000 | 1,164,930 | ||||||||||
MTA NY (AGM) | 4.00 | % | 11/15/2048 | AA | 1,500 | 1,673,670 | ||||||||||
MTA NY (AGM) | 4.00 | % | 11/15/2049 | AA | 2,965 | 3,297,495 | ||||||||||
MTA NY - Dedicated Tax | 5.00 | % | 11/15/2033 | AA | 1,500 | 1,859,580 | ||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2027 | A3 | 1,000 | 1,131,670 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Transportation (continued) | ||||||||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2036 | A3 | $ | 850 | $ | 1,030,183 | ||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2038 | A3 | 725 | 871,849 | ||||||||||
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | 5.00 | % | 4/1/2039 | A3 | 350 | 419,780 | ||||||||||
NY Bridge Auth | 4.00 | % | 1/1/2027 | Aa3 | 1,000 | 1,053,930 | ||||||||||
NY Trans Dev Corp - Delta AMT | 4.00 | % | 1/1/2036 | Baa3 | 3,435 | 3,744,734 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2033 | Baa3 | 3,680 | 4,416,294 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2034 | Baa3 | 1,600 | 1,916,224 | ||||||||||
NY Trans Dev Corp - Delta AMT | 5.00 | % | 1/1/2036 | Baa3 | 2,295 | 2,731,004 | ||||||||||
NY Trans Dev Corp - LaGuardia Airport AMT | 4.00 | % | 7/1/2046 | Baa3 | 2,050 | 2,148,892 | ||||||||||
NY Trans Dev Corp - LaGuardia Airport AMT | 5.00 | % | 7/1/2046 | Baa3 | 3,950 | 4,392,439 | ||||||||||
NY Trans Dev Corp - LaGuardia Airport AMT | 5.25 | % | 1/1/2050 | Baa3 | 8,330 | 9,335,014 | ||||||||||
NY Trans Dev Corp - TOGA AMT | 5.00 | % | 1/1/2023 | Baa1 | 1,500 | 1,644,765 | ||||||||||
NY Twy Auth | 4.00 | % | 1/1/2041 | A2 | 1,000 | 1,129,640 | ||||||||||
NY Twy Auth | 5.00 | % | 1/1/2032 | A1 | 150 | 187,421 | ||||||||||
NY Twy Auth | 5.00 | % | 1/1/2036 | A1 | 1,760 | 1,985,086 | ||||||||||
Port Auth NY & NJ | 5.00 | % | 11/15/2042 | AA- | 1,250 | 1,514,263 | ||||||||||
Port Auth NY & NJ - JFK IAT | 5.00 | % | 12/1/2020 | BBB+ | 60 | 61,970 | ||||||||||
Port Auth NY & NJ - JFK IAT | 5.50 | % | 12/1/2031 | BBB+ | 295 | 306,700 | ||||||||||
Port Auth NY & NJ - JFK IAT | 6.00 | % | 12/1/2036 | BBB+ | 875 | 914,401 | ||||||||||
Port Auth NY & NJ - JFK IAT | 6.00 | % | 12/1/2042 | BBB+ | 1,190 | 1,238,659 | ||||||||||
Port Auth NY & NJ - JFK IAT CR (AGM) | 5.50 | % | 12/1/2031 | AA | 225 | 233,739 | ||||||||||
Port Auth NY & NJ - JFK IAT CR (AGM) | 6.00 | % | 12/1/2036 | AA | 400 | 417,340 | ||||||||||
Port Auth NY & NJ - JFK IAT CR (AGM) | 6.00 | % | 12/1/2042 | AA | 1,615 | 1,683,508 | ||||||||||
Port Auth NY & NJ AMT | 4.00 | % | 9/1/2043 | AA- | 3,650 | 4,062,413 | ||||||||||
Port Auth NY & NJ AMT | 4.00 | % | 11/1/2059 | AA- | 800 | 873,304 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 10/15/2024 | AA- | 1,250 | 1,331,275 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 10/15/2027 | AA- | 1,450 | 1,788,039 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 9/15/2028 | AA- | 1,000 | 1,246,380 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 11/15/2031 | AA- | 3,415 | 4,184,912 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 11/15/2032 | AA- | 2,850 | 3,410,994 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 9/15/2033 | AA- | 2,820 | 3,430,022 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 10/1/2033 | AA- | 1,525 | 1,636,935 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 10/15/2033 | AA- | 1,000 | 1,201,230 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 9/15/2034 | AA- | 1,000 | 1,213,520 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
Investments | Interest Rate | Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair
Value | |||||||||||
Transportation (continued) | ||||||||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 4/1/2036 | AA- | $ | 1,050 | $ | 1,243,715 | ||||||||
Port Auth NY & NJ AMT | 5.00 | % | 10/15/2041 | AA- | 1,250 | 1,322,750 | ||||||||||
Port Auth NY & NJ AMT | 5.00 | % | 9/15/2048 | AA- | 365 | 431,503 | ||||||||||
Triborough Brdg & Tunl Auth | 4.00 | % | 11/15/2044 | AA- | 2,145 | 2,428,977 | ||||||||||
Triborough Brdg & Tunl Auth | 4.00 | % | 11/15/2048 | AA- | 2,015 | 2,247,027 | ||||||||||
Triborough Brdg & Tunl Auth | 5.00 | % | 11/15/2023 | A+ | 1,525 | 1,722,854 | ||||||||||
Triborough Brdg & Tunl Auth | 5.00 | % | 11/15/2027 | AA- | 500 | 602,790 | ||||||||||
Triborough Brdg & Tunl Auth | 5.00 | % | 11/15/2028 | AA- | 600 | 723,348 | ||||||||||
Triborough Brdg & Tunl Auth | 5.00 | % | 11/15/2038 | AA- | 1,000 | 1,208,290 | ||||||||||
Triborough Brdg & Tunl Auth | 5.00 | % | 11/15/2047 | AA- | 1,135 | 1,348,721 | ||||||||||
Total | 112,758,364 | |||||||||||||||
Utilities 8.61% | ||||||||||||||||
Buffalo Muni Wtr Fin Auth (AGM) | 5.00 | % | 7/1/2043 | AA | 600 | 705,492 | ||||||||||
Buffalo Muni Wtr Fin Auth (AGM) | 5.00 | % | 7/1/2048 | AA | 1,750 | 2,045,873 | ||||||||||
Guam Pwr Auth | 5.00 | % | 10/1/2020 | BBB | 500 | 511,315 | ||||||||||
Guam Pwr Auth | 5.00 | % | 10/1/2021 | BBB | 500 | 526,095 | ||||||||||
Guam Waterworks Auth | 5.00 | % | 7/1/2036 | A- | 400 | 457,916 | ||||||||||
Long Island Power Auth | 5.00 | % | 9/1/2025 | A | 1,000 | 1,100,500 | ||||||||||
Long Island Power Auth | 5.00 | % | 9/1/2034 | A | 2,000 | 2,299,900 | ||||||||||
Long Island Power Auth | 5.00 | % | 9/1/2039 | A | 1,000 | 1,141,090 | ||||||||||
Long Island Power Auth | 5.00 | % | 9/1/2047 | A | 1,030 | 1,222,363 | ||||||||||
Long Island Power Auth (AGC) | 5.25 | % | 9/1/2029 | AA | 2,000 | 2,606,420 | ||||||||||
NY Elec Sys - LIPA | 4.00 | % | 9/1/2038 | A | 1,500 | 1,689,990 | ||||||||||
NY Elec Sys - LIPA | 4.00 | % | 9/1/2039 | A | 1,000 | 1,122,940 | ||||||||||
NYC Muni Water | 4.00 | % | 6/15/2049 | AA+ | 2,985 | 3,320,424 | ||||||||||
NYC Muni Water | 5.00 | % | 6/15/2035 | AA+ | 1,550 | 1,734,249 | ||||||||||
NYC Muni Water | 5.00 | % | 6/15/2035 | AA+ | 1,675 | 1,925,295 | ||||||||||
NYC Muni Water | 5.00 | % | 6/15/2036 | AA+ | 1,750 | 2,009,140 | ||||||||||
NYC Muni Water | 5.00 | % | 6/15/2036 | AA+ | 2,250 | 2,583,180 | ||||||||||
NYC Muni Water | 5.00 | % | 6/15/2040 | AA+ | 1,250 | 1,529,825 | ||||||||||
NYC Muni Water | 5.00 | % | 6/15/2046 | AA+ | 2,565 | 3,070,074 | ||||||||||
NYC Muni Water | 5.00 | % | 6/15/2048 | AA+ | 1,675 | 2,020,469 | ||||||||||
NYC Muni Water | 5.00 | % | 6/15/2049 | AA+ | 1,990 | 2,468,336 | ||||||||||
NYC Muni Water | 5.25 | % | 6/15/2037 | AA+ | 1,500 | 1,844,355 | ||||||||||
NYC Muni Water | 5.25 | % | 6/15/2047 | AA+ | 1,000 | 1,213,280 | ||||||||||
PR Aqueduct & Swr Auth | 6.00 | % | 7/1/2044 | Ca | 490 | 499,800 | ||||||||||
PR Elec Pwr Auth(c) | 5.75 | % | 7/1/2036 | D | (b) | 1,250 | 959,375 | |||||||||
Total | 40,607,696 | |||||||||||||||
Total Municipal Bonds (cost $440,802,773) | 461,821,084 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
Investments | Interest Rate# | Interest Rate Reset Date(d) | Final Maturity Date | Credit Rating: S&P or Moody’s | Principal Amount (000) | Fair Value | ||||||||||||
SHORT-TERM INVESTMENTS 0.68% | ||||||||||||||||||
Variable Rate Demand Notes 0.68% | ||||||||||||||||||
Special Tax 0.28% | ||||||||||||||||||
NYC TFA - Future Tax | 1.67 | % | 1/2/2020 | 8/1/2042 | AAA | $ | 1,300 | $ | 1,300,000 | |||||||||
Tax Revenue 0.21% | ||||||||||||||||||
NYC TFA - Future Tax | 1.65 | % | 1/2/2020 | 11/1/2044 | AAA | 1,000 | 1,000,000 | |||||||||||
Utilities 0.19% | ||||||||||||||||||
NYC Muni Wtr | 1.68 | % | 1/2/2020 | 6/15/2049 | AA+ | 900 | 900,000 | |||||||||||
Total Short-Term Investments (cost $3,200,000) | 3,200,000 | |||||||||||||||||
Total Investments in Securities 98.60% (cost $444,002,773) | 465,021,084 | |||||||||||||||||
Cash and Other Assets in Excess of Liabilities(e) 1.40% | 6,594,261 | |||||||||||||||||
Net Assets 100.00% | $ | 471,615,345 |
AGC | Insured by - Assured Guarantee Corp. |
AGM | Insured by - Assured Guaranty Municipal Corporation. |
AMBAC | Insured by - AMBAC Assurance Corporation. |
AMT | Income from the security may be subject to Alternative Minimum Tax. |
CPI | Consumer Price Index: Rate fluctuate based on CPI. |
FGIC | Insured by - Financial Guaranty Insurance Company. |
NR | Not Rated. |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At December 31, 2019, the total value of Rule 144A securities was $15,894,141, which represents 3.37% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at December 31, 2019. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed until designated future date. |
(b) | This investment has been rated by Fitch IBCA. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND December 31, 2019
(c) | Defaulted (non-income producing security). |
(d) | The interest rate reset date shown represents the date in which the Fund has the right to sell a Variable Rate Demand Note (“VRDN”) back to the issuer for Principal Amount. The interest rate on the VRDN is generally reset daily based on the SIFMA Municipal Swap Index. |
(e) | Cash and Other Assets in Excess Liabilities include net unrealized appreciation on futures contracts as follows: |
Open Futures Contracts at December 31, 2019:
Notional | Notional | Unrealized | ||||||||||||||||
Type | Expiration | Contracts | Position | Amount | Value | Appreciation | ||||||||||||
U.S. Long Bond | March 2020 | 52 | Short | $ | (8,309,758 | ) | $ | (8,107,125 | ) | $ | 202,633 |
The following is a summary of the inputs used as of December 31, 2019 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments | ||||||||||||||||
Municipal Bonds | $ | — | $ | 461,821,084 | $ | — | $ | 461,821,084 | ||||||||
Short-Term Investments | ||||||||||||||||
Variable Rate Demand Notes | — | 3,200,000 | — | 3,200,000 | ||||||||||||
Total | $ | — | $ | 465,021,084 | $ | — | $ | 465,021,084 | ||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts | ||||||||||||||||
Assets | $ | 202,633 | $ | — | $ | — | $ | 202,633 | ||||||||
Liabilities | — | — | — | — | ||||||||||||
Total | $ | 202,633 | $ | — | $ | — | $ | 202,633 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry. |
See Notes to Schedule of Investments.
1. ORGANIZATION
Lord Abbett Municipal Income Fund, Inc. (the “Company”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company. The Company was organized as a Maryland corporation on December 27, 1983.
The Company currently consists of the following eight funds (separately, a “Fund” and collectively, the “Funds”) their respective active share classes:
Funds | |
Lord Abbett Short Duration Tax Free Fund (“Short Duration”) | A, C, F, F3 and I |
Lord Abbett Intermediate Tax Free Fund (“Intermediate”) | A, C, F, F3 and I |
Lord Abbett National Tax Free Income Fund (“National”) | A, C, F, F3 and I |
Lord Abbett High Yield Municipal Bond Fund (“High Yield”) | A, C, F, F3 and I |
Lord Abbett Short Duration High Yield Municipal Bond Fund (“Short Duration High Yield”) | A, C, F, F3 and I |
Lord Abbett California Tax Free Income Fund (“California”) | A, C, F, F3 and I |
Lord Abbett New Jersey Tax Free Income Fund (“New Jersey”) | A, F, F3 and I |
Lord Abbett New York Tax Free Income Fund (“New York”) | A, C, F, F3 and I |
Short Duration, Intermediate and National are diversified as defined in the Act. High Yield, Short Duration High Yield, California, New Jersey and New York are non-diversified as defined in the Act.
The investment objective of each Fund (except for High Yield and Short Duration High Yield) is to seek the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. The investment objective of High Yield and Short Duration High Yield is to seek a high level of income exempt from federal income tax. Each of California, New Jersey and New York also seeks as high a level of interest income exempt from the personal income tax of its corresponding state as is consistent with reasonable risk. In addition, New York seeks as high a level of interest income exempt from New York City personal income tax as is consistent with reasonable risk.
2. SIGNIFICANT ACCOUNTING POLICIES
(a) | Investment Valuation-Under procedures approved by the Funds’ Board of Directors (the “Board”), Lord, Abbett & Co. LLC (“Lord Abbett”), each Fund’s investment manager, has formed a Pricing Committee to administer the pricing and valuation of portfolio investments and to ensure that prices utilized reasonably reflect fair value. Among other things, these procedures allow the Funds to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value. |
Securities are valued based on evaluated prices supplied by independent pricing services, which reflect broker/dealer supplied valuations and the independent pricing services’ own electronic data processing techniques. Exchange traded options and futures contracts are valued at the last sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and asked prices is used. | |
Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use observable inputs such as yield curves, broker quotes, observable trading activity, option adjusted spread models and other relevant information to determine the fair value of portfolio investments. The Board or a designated committee thereof regularly reviews fair value determinations made by the Pricing Committee and may employ techniques such as reviewing related market activity, reviewing inputs and assumptions, and retrospectively comparing prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee. |
Investments in open-end money market mutual funds are valued at their net asset value (“NAV”) as of the close of each business day. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. | |
(b) | Fair Value Measurements-Fair value is defined as the price that each Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk - for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below: |
· | Level 1 - unadjusted 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.); and | |
· | Level 3 - significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments). |
A summary of inputs used in valuing each Fund’s investments and other financial instruments as of December 31, 2019 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund’s Schedule of Investments. | |
Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. |
3. FEDERAL TAX INFORMATION
It is the policy of each Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.
Each Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on each Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax return. The statutes of limitations on each Fund’s, state and local tax returns may remain open for an additional year depending upon the jurisdiction.