Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
MUNICIPAL BONDS 84.73% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Corporate-Backed 6.66% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Allegheny Co IDA - US Steel | | | 4.875 | % | | 11/1/2024 | | B- | | $ | 3,150 | | | $ | 2,908,552 | |
CA Poll Ctl - Republic Services† | | | 1.70 | %#(a) | | 8/1/2024 | | BBB+ | | | 3,000 | | | | 3,001,140 | |
Downtown Doral CDD† | | | 3.875 | % | | 12/15/2023 | | NR | | | 205 | | | | 208,600 | |
IA Fin Auth - Iowa Fertilizer Co | | | 3.125 | % | | 12/1/2022 | | BB- | | | 1,875 | | | | 1,893,919 | |
LA St John Parish - Marathon Oil | | | 2.10 | %#(a) | | 6/1/2037 | | BBB- | | | 8,000 | | | | 7,828,160 | |
Matagorda Co Nav Dist - AEP TX Central | | | 2.60 | % | | 11/1/2029 | | A- | | | 1,400 | | | | 1,424,374 | |
Mobile IDB - AL Power | | | 1.00 | %#(a) | | 6/1/2034 | | A1 | | | 3,100 | | | | 3,100,000 | |
Mobile IDB - AL Power | | | 2.90 | %#(a) | | 7/15/2034 | | A1 | | | 20,000 | | | | 20,956,200 | |
Nez Perce Co Poll Ctl - Potlatch | | | 2.75 | % | | 10/1/2024 | | BBB- | | | 11,310 | | | | 11,445,833 | |
NH Bus Fin Auth- United Illuminating | | | 2.80 | %#(a) | | 10/1/2033 | | A- | | | 5,000 | | | | 5,243,450 | |
Niagara Area Dev Corp - Covanta† | | | 3.50 | % | | 11/1/2024 | | B1 | | | 750 | | | | 752,333 | |
OH Air Dev Auth - AEP | | | 1.90 | %#(a) | | 5/1/2026 | | BBB+ | | | 2,000 | | | | 2,018,100 | |
OH Air Dev Auth - AEP | | | 2.40 | %#(a) | | 12/1/2038 | | BBB+ | | | 10,700 | | | | 10,874,624 | |
OR Bus Dev Comn - Intel Corp | | | 2.40 | %#(a) | | 12/1/2040 | | A+ | | | 10,500 | | | | 10,988,250 | |
Parish of St James - Nustar Logistics† | | | 5.85 | %#(a) | | 8/1/2041 | | BB- | | | 3,500 | | | | 3,797,500 | |
Selma IDB - Intl Paper | | | 2.00 | %#(a) | | 11/1/2033 | | BBB | | | 2,625 | | | | 2,716,114 | |
St Charles Parish - Valero Energy | | | 4.00 | %#(a) | | 12/1/2040 | | BBB | | | 6,625 | | | | 6,909,146 | |
Tuscaloosa IDA - Hunt Refining† | | | 4.50 | % | | 5/1/2032 | | NR | | | 1,475 | | | | 1,589,637 | |
Valdez Marine Term - BP | | | 5.00 | % | | 1/1/2021 | | A1 | | | 10,000 | | | | 10,188,800 | |
Warren Co - Intl Paper | | | 2.90 | %#(a) | | 9/1/2032 | | BBB | | | 4,250 | | | | 4,491,272 | |
WI PFA - American Dream† | | | 5.00 | % | | 12/1/2027 | | NR | | | 2,000 | | | | 1,774,740 | |
Total | | | | | | | | | | | | | | | 114,110,744 | |
| | | | | | | | | | | | | | | | |
Education 2.32% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Muni Fin Auth- William Jessup U | | | 5.00 | % | | 8/1/2020 | | NR | | | 400 | | | | 400,636 | |
CA Muni Fin Auth- William Jessup U | | | 5.00 | % | | 8/1/2022 | | NR | | | 750 | | | | 777,097 | |
CA State Univ Sys | | | 5.00 | % | | 11/1/2020 | | Aa2 | | | 5,000 | | | | 5,079,100 | |
Cap Trust Ed Facs - Renaissance CharterAdvantage Academy of Hillsborough, Inc.† | | | 4.00 | % | | 6/15/2029 | | NR | | | 1,415 | | | | 1,438,234 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2022 | | BB- | | | 1,000 | | | | 1,040,500 | |
Higher Ed Facs Fin Auth FL - Saint Leo U | | | 5.00 | % | | 3/1/2021 | | BBB- | | | 365 | | | | 371,154 | |
Higher Ed Facs Fin Auth FL - Saint Leo U | | | 5.00 | % | | 3/1/2022 | | BBB- | | | 355 | | | | 369,658 | |
Higher Ed Facs Fin Auth FL - Saint Leo U | | | 5.00 | % | | 3/1/2023 | | BBB- | | | 410 | | | | 438,761 | |
Higher Ed Facs Fin Auth FL - Saint Leo U | | | 5.00 | % | | 3/1/2024 | | BBB- | | | 640 | | | | 697,792 | |
Higher Ed Facs Fin Auth FL - Saint Leo U | | | 5.00 | % | | 3/1/2025 | | BBB- | | | 675 | | | | 746,287 | |
IL Fin Auth - IL Inst of Tech | | | 5.00 | % | | 9/1/2020 | | Baa3 | | | 320 | | | | 321,363 | |
IL Fin Auth - IL Inst of Tech | | | 5.00 | % | | 9/1/2021 | | Baa3 | | | 500 | | | | 514,935 | |
IL Fin Auth - IL Inst of Tech | | | 5.00 | % | | 9/1/2022 | | Baa3 | | | 500 | | | | 529,585 | |
IL Fin Auth - IL Inst of Tech | | | 5.00 | % | | 9/1/2028 | | Baa3 | | | 1,135 | | | | 1,308,451 | |
IL Fin Auth - IL Inst of Tech | | | 5.00 | % | | 9/1/2029 | | Baa3 | | | 600 | | | | 697,338 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Education (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Multnomah Co Hsp Facs - Mirabella | | | 5.00 | % | | 10/1/2024 | | NR | | $ | 1,535 | | | $ | 1,576,307 | |
NY Dorm - Mt Sinai Sch Med | | | 5.00 | % | | 7/1/2021 | | A- | | | 2,000 | | | | 2,074,500 | |
OH Hgr Ed Facs - Dayton Univ (AMBAC) | | | 2.639% (CPI Based | )# | | 12/1/2022 | | A+ | | | 2,000 | | | | 1,988,940 | |
OH HI Ed - Case Western Univ | | | 0.541% (1 Mo. LIBOR * .70 + .42 | %)# | | 10/1/2044 | | AA- | | | 8,000 | | | | 7,921,600 | |
Troy Cap Res Corp - RPI | | | 5.00 | % | | 8/1/2021 | | A3 | | | 445 | | | | 461,283 | |
Troy Cap Res Corp - RPI | | | 5.00 | % | | 8/1/2022 | | A3 | | | 1,000 | | | | 1,072,140 | |
Univ of North Carolina - Chapel Hill | | | 0.466% (1 Mo. LIBOR * .67 + .35 | %)# | | 12/1/2041 | | AAA | | | 10,000 | | | | 9,919,800 | |
Total | | | | | | | | | | | | | | | 39,745,461 | |
| | | | | | | | | | | | | | | | |
Energy 1.24% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
KY Public Energy Auth - BP | | | 4.00 | %#(a) | | 12/1/2050 | | A1 | | | 5,000 | | | | 5,651,500 | |
PEFA Gas | | | 5.00 | %#(a) | | 9/1/2049 | | A3 | | | 13,000 | | | | 15,704,650 | |
Total | | | | | | | | | | | | | | | 21,356,150 | |
| | | | | | | | | | | | | | | | |
General Obligation 16.96% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Allentown City SD | | | 2.375 | % | | 3/31/2021 | | NR | | | 2,500 | | | | 2,500,275 | |
CA State GO | | | 0.828% (1 Mo. LIBOR * .70 + .70 | %)# | | 12/1/2028 | | Aa2 | | | 8,000 | | | | 8,000,400 | |
CA State GO | | | 0.888% (1 Mo. LIBOR * .70 + .76 | %)# | | 12/1/2031 | | Aa2 | | | 2,000 | | | | 1,999,440 | |
Chicago Brd Ed | | | 4.00 | % | | 12/1/2020 | | BB- | | | 3,000 | | | | 3,012,870 | |
Chicago Brd Ed | | | 4.00 | % | | 12/1/2021 | | BB- | | | 4,750 | | | | 4,801,015 | |
Chicago Brd Ed | | | 4.00 | % | | 12/1/2021 | | BB- | | | 3,400 | | | | 3,436,516 | |
Chicago Brd Ed | | | 4.00 | % | | 12/1/2022 | | BB- | | | 4,000 | | | | 4,069,840 | |
Chicago Brd Ed | | | 4.00 | % | | 12/1/2022 | | BB- | | | 3,555 | | | | 3,617,070 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2022 | | BB- | | | 3,670 | | | | 3,818,635 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2023 | | BB- | | | 3,330 | | | | 3,511,552 | |
Chicago GO | | | 5.00 | % | | 1/1/2021 | | BBB+ | | | 6,355 | | | | 6,502,309 | |
Chicago GO | | | 5.00 | % | | 1/1/2027 | | BBB+ | | | 6,700 | | | | 7,295,764 | |
Chicago GO | | | 5.00 | % | | 1/1/2028 | | BBB+ | | | 4,900 | | | | 5,377,603 | |
Chicago GO | | | 5.25 | % | | 1/1/2023 | | BBB+ | | | 1,235 | | | | 1,294,218 | |
Chicago GO | | | 5.25 | % | | 1/1/2027 | | BBB+ | | | 1,665 | | | | 1,787,894 | |
Chicago Met Water Reclmtn Dist | | | 5.00 | % | | 12/1/2022 | | AA+ | | | 5,000 | | | | 5,526,450 | |
Clark Co SD (AGM) | | | 3.00 | % | | 6/15/2024 | | AA | | | 575 | | | | 624,036 | |
Clark Co SD (AGM) | | | 3.00 | % | | 6/15/2025 | | AA | | | 650 | | | | 716,008 | |
Clark Co SD (AGM) | | | 5.00 | % | | 6/15/2026 | | AA | | | 500 | | | | 611,295 | |
Clark Co SD (AGM) | | | 5.00 | % | | 6/15/2027 | | AA | | | 1,000 | | | | 1,248,470 | |
Cook Co GO | | | 5.25 | % | | 11/15/2033 | | A+ | | | 6,525 | | | | 6,576,221 | |
CT State GO | | | 5.00 | % | | 8/15/2021 | | A1 | | | 5,000 | | | | 5,252,000 | |
CT State GO | | | 5.00 | % | | 6/15/2022 | | A1 | | | 3,250 | | | | 3,533,172 | |
CT State GO | | | 5.00 | % | | 11/1/2022 | | A1 | | | 7,700 | | | | 8,158,458 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
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 | % | | 4/15/2025 | | A1 | | $ | 7,000 | | | $ | 8,365,700 | |
CT State GO | | | 5.00 | % | | 10/15/2026 | | A1 | | | 5,000 | | | | 6,180,300 | |
CT State GO | | | 5.00 | % | | 9/15/2030 | | A1 | | | 1,725 | | | | 1,864,242 | |
Erie CO GO | | | 3.00 | % | | 6/24/2021 | | A+ | (b) | | 10,000 | | | | 10,246,200 | |
HI State GO | | | 5.00 | % | | 11/1/2021 | | AA+ | | | 5,000 | | | | 5,315,950 | |
IL State GO | | | 5.00 | % | | 8/1/2020 | | BBB- | | | 14,430 | | | | 14,457,561 | |
IL State GO | | | 5.00 | % | | 2/1/2021 | | BBB- | | | 3,000 | | | | 3,041,340 | |
IL State GO | | | 5.00 | % | | 11/1/2023 | | BBB- | | | 10,000 | | | | 10,612,100 | |
IL State GO | | | 5.125 | % | | 5/1/2022 | | BBB- | | | 2,500 | | | | 2,600,650 | |
IL State GO | | | 5.25 | % | | 2/1/2030 | | BBB- | | | 3,000 | | | | 3,143,280 | |
IL State GO | | | 5.375 | % | | 5/1/2023 | | BBB- | | | 3,000 | | | | 3,190,410 | |
Katy TX ISD | | | 0.404% (1 Mo. LIBOR * .67 + .28 | %)# | | 8/15/2036 | | AAA | | | 17,370 | | | | 17,299,825 | |
Miami Dade Co GO | | | 5.00 | % | | 7/1/2041 | | AA | | | 15,000 | | | | 15,024,000 | |
New Caney ISD | | | 3.00 | %#(a) | | 2/15/2050 | | Aaa | | | 5,000 | | | | 5,138,800 | |
NJ EDA - Motor Vehicle Surcharge | | | 4.00 | % | | 7/1/2022 | | BBB+ | | | 3,500 | | | | 3,612,735 | |
NY Dorm - Sch Dist (AGM) | | | 5.00 | % | | 10/1/2024 | | AA | | | 2,250 | | | | 2,668,567 | |
NY Dorm - Sch Dist (AGM) | | | 5.00 | % | | 10/1/2025 | | AA | | | 1,650 | | | | 2,014,452 | |
NYC GO | | | 5.00 | % | | 8/1/2021 | | Aa1 | | | 7,410 | | | | 7,777,165 | |
NYC GO | | | 5.00 | % | | 10/1/2033 | | Aa1 | | | 3,190 | | | | 3,465,106 | |
Orange Township GO BANS | | | 2.00 | % | | 12/18/2020 | | NR | | | 11,000 | | | | 11,025,300 | |
PA State GO | | | 5.00 | % | | 7/15/2029 | | Aa3 | | | 10,000 | | | | 13,410,200 | |
Philadelphia GO | | | 5.00 | % | | 2/1/2025 | | A | | | 2,140 | | | | 2,530,400 | |
Philadelphia GO | | | 5.00 | % | | 2/1/2026 | | A | | | 1,000 | | | | 1,214,360 | |
Philadelphia GO | | | 5.00 | % | | 2/1/2027 | | A | | | 1,250 | | | | 1,555,388 | |
Philadelphia GO | | | 5.00 | % | | 2/1/2028 | | A | | | 2,000 | | | | 2,549,480 | |
Philadelphia Sch Dist | | | 5.00 | % | | 9/1/2021 | | A2 | | | 1,500 | | | | 1,571,925 | |
Philadelphia Sch Dist | | | 5.00 | % | | 9/1/2022 | | A2 | | | 1,150 | | | | 1,252,362 | |
Philadelphia Sch Dist | | | 5.00 | % | | 9/1/2023 | | A2 | | | 1,250 | | | | 1,409,588 | |
Philadelphia Sch Dist | | | 5.00 | % | | 9/1/2024 | | A2 | | | 900 | | | | 1,046,718 | |
Philadelphia Sch Dist | | | 5.00 | % | | 9/1/2025 | | A2 | | | 1,200 | | | | 1,433,352 | |
Philadelphia Sch Dist (The) | | | 5.00 | % | | 9/1/2020 | | A2 | | | 2,500 | | | | 2,517,050 | |
Philadelphia Sch Dist (The) | | | 5.00 | % | | 9/1/2021 | | A2 | | | 930 | | | | 974,594 | |
Philadelphia Sch Dist (The) | | | 5.00 | % | | 9/1/2022 | | A2 | | | 550 | | | | 598,956 | |
Philadelphia Sch Dist (The) | | | 5.00 | % | | 9/1/2023 | | A2 | | | 500 | | | | 563,835 | |
Prince Georges Co GO | | | 4.00 | % | | 8/1/2031 | | AAA | | | 7,690 | | | | 8,561,815 | |
Rangely CO Hosp Dist | | | 4.50 | % | | 11/1/2021 | | Baa3 | | | 3,000 | | | | 3,049,050 | |
Scranton Sch Dist | | | 0.967% (1 Mo. LIBOR * .68 + .85 | %)# | | 4/1/2031 | | A2 | | | 5,320 | | | | 5,309,679 | |
West Fargo GO | | | 2.15 | % | | 5/1/2021 | | NR | | | 4,075 | | | | 4,078,219 | |
Western Placer SD | | | 2.00 | % | | 6/1/2025 | | NR | | | 2,000 | | | | 2,051,180 | |
Western Placer SD | | | 2.00 | % | | 6/1/2025 | | NR | | | 4,750 | | | | 4,850,937 | |
Total | | | | | | | | | | | | | | | 290,844,282 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care 14.92% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
AK IDA - Yukon Koskokwim Hlth | | | 3.50 | % | | 12/1/2020 | | NR | | $ | 1,000 | | | $ | 1,001,940 | |
Allegheny Co Hosp Auth - UPMC | | | 5.00 | % | | 7/15/2029 | | A | | | 4,000 | | | | 5,091,040 | |
Allegheny County Health Network | | | 5.00 | % | | 4/1/2026 | | A | | | 2,500 | | | | 3,012,525 | |
Antelope Valley Hlth | | | 5.00 | % | | 3/1/2021 | | Ba3 | | | 500 | | | | 513,025 | |
CA Stwde - Adventist Health West | | | 5.00 | %#(a) | | 3/1/2037 | | A | | | 3,555 | | | | 4,160,950 | |
CA Stwde - Viamonte | | | 3.00 | % | | 7/1/2026 | | AA- | | | 4,500 | | | | 4,526,190 | |
CA Stwde - Viamonte | | | 3.00 | % | | 7/1/2027 | | AA- | | | 2,250 | | | | 2,262,195 | |
City of Atlantic Beach Fl - Fleet Landing | | | 3.00 | % | | 11/15/2023 | | BBB | (b) | | 2,800 | | | | 2,800,112 | |
CO Hlth Fac Auth - CommonSpirit | | | 5.00 | %#(a) | | 8/1/2049 | | BBB+ | | | 7,000 | | | | 8,242,430 | |
Cuyahoga Co Hsp - Metrohealth | | | 5.00 | % | | 2/15/2025 | | BBB- | | | 1,500 | | | | 1,697,070 | |
DC Hsp - Childrens Ntl Hsp | | | 5.00 | % | | 7/15/2021 | | A1 | | | 1,215 | | | | 1,265,228 | |
Duluth EDA - St Lukes Hsp | | | 4.75 | % | | 6/15/2022 | | NR | | | 1,430 | | | | 1,487,028 | |
Eisenhower Med Ctr | | | 5.00 | % | | 7/1/2026 | | Baa2 | | | 1,345 | | | | 1,603,065 | |
Franklin Co IDA - Menno-Haven | | | 5.00 | % | | 12/1/2023 | | NR | | | 500 | | | | 507,180 | |
Geisinger Health | | | 5.00 | %#(a) | | 4/1/2043 | | AA- | | | 17,000 | | | | 20,779,100 | |
Greeneville Hlth - Ballad Hlth | | | 5.00 | % | | 7/1/2021 | | A- | | | 1,750 | | | | 1,808,100 | |
Greeneville Hlth - Ballad Hlth | | | 5.00 | % | | 7/1/2022 | | A- | | | 2,000 | | | | 2,142,020 | |
Greeneville Hlth - Ballad Hlth | | | 5.00 | % | | 7/1/2023 | | A- | | | 1,500 | | | | 1,656,855 | |
Harris Co Edu Fac - Hermann Health | | | 0.70% (MUNIPSA * 1 + .57 | %)# | | 12/1/2049 | | A+ | | | 7,770 | | | | 7,535,501 | |
IA Fin Auth - Lifespace | | | 2.875 | % | | 5/15/2049 | | BBB | (b) | | 1,000 | | | | 970,470 | |
ID HFA - Madison Mem Hosp | | | 4.00 | % | | 9/1/2020 | | BB+ | | | 1,565 | | | | 1,571,103 | |
IL Fin Auth - Northshore Univ Hlth | | | 5.00 | % | | 8/15/2028 | | AA- | | | 2,000 | | | | 2,540,940 | |
IL Fin Auth - Northshore Univ Hlth | | | 5.00 | % | | 8/15/2029 | | AA- | | | 2,000 | | | | 2,589,880 | |
IL Fin Auth - Northwestern Mem Hlth | | | 5.00 | %#(a) | | 7/15/2057 | | AA+ | | | 4,000 | | | | 4,429,800 | |
IL Fin Auth - Plymouth Place | | | 5.00 | % | | 5/15/2025 | | BB+ | (b) | | 1,225 | | | | 1,254,449 | |
IL Fin Auth - Presence Health | | | 5.00 | % | | 2/15/2021 | | AA+ | | | 5,095 | | | | 5,230,782 | |
IL Fin Auth - Presence Health | | | 5.00 | % | | 2/15/2022 | | AA+ | | | 4,000 | | | | 4,276,440 | |
IL Fin Auth - Rush Univ Med | | | 5.00 | % | | 11/15/2020 | | A+ | | | 500 | | | | 507,540 | |
IL Fin Auth - Rush Univ Med | | | 5.00 | % | | 11/15/2021 | | A+ | | | 695 | | | | 733,295 | |
Kirkwood IDA - Aberdeen Hts | | | 5.00 | % | | 5/15/2022 | | BB | (b) | | 805 | | | | 816,423 | |
Lee Memorial Hlth System | | | 5.00 | % | | 4/1/2025 | | A+ | | | 2,625 | | | | 3,073,455 | |
Lehigh Co - Lehigh Valley Health Network | | | 5.00 | % | | 7/1/2026 | | A+ | | | 1,755 | | | | 2,111,756 | |
Lenexa KS Hlth Facs - Lakeview Village | | | 5.00 | % | | 5/15/2022 | | BB+ | (b) | | 1,720 | | | | 1,770,946 | |
Lenexa KS Hlth Facs - Lakeview Village | | | 5.00 | % | | 5/15/2025 | | BB+ | (b) | | 990 | | | | 1,055,914 | |
MA DFA - Beth Israel Lahey Hlth | | | 4.00 | % | | 7/1/2021 | | A | | | 700 | | | | 719,509 | |
MA DFA - Beth Israel Lahey Hlth | | | 4.00 | % | | 7/1/2022 | | A | | | 500 | | | | 527,925 | |
MA DFA - Beth Israel Lahey Hlth | | | 5.00 | % | | 7/1/2023 | | A | | | 600 | | | | 668,358 | |
MA DFA - Partners Hlth | | | 0.63% (MUNIPSA * 1 + .50 | %)# | | 7/1/2038 | | AA- | | | 5,000 | | | | 4,984,700 | |
MA DFA - Wellforce Hlth | | | 5.00 | % | | 7/1/2022 | | BBB+ | | | 1,225 | | | | 1,317,524 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
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 | % | | 7/1/2024 | | BBB+ | | $ | 2,030 | | | $ | 2,309,978 | |
MA DFA - Wellforce Hlth | | | 5.00 | % | | 7/1/2025 | | BBB+ | | | 800 | | | | 930,840 | |
Maricopa Co IDA - Banner Health | | | 0.70% (MUNIPSA * 1 + .57 | %)# | | 1/1/2035 | | AA- | | | 4,865 | | | | 4,817,664 | |
Maricopa Co IDA - Honor Health | | | 5.00 | % | | 9/1/2021 | | A2 | | | 750 | | | | 784,350 | |
Maricopa Co IDA - Honor Health | | | 5.00 | % | | 9/1/2022 | | A2 | | | 750 | | | | 814,223 | |
MD Hlth & Hi Ed - Western MD Hlth Sys | | | 5.00 | % | | 7/1/2020 | | NR | | | 3,000 | | | | 3,000,000 | |
MI Fin Auth - Trinity Health | | | 5.00 | % | | 12/1/2026 | | AA- | | | 2,250 | | | | 2,766,487 | |
Miami-Dade Co Pub Facs - Jackson Health | | | 5.00 | % | | 6/1/2026 | | Aa3 | | | 4,165 | | | | 4,913,950 | |
Monroeville Pa Fin Auth - UPMC Hlth | | | 3.00 | % | | 2/15/2023 | | A | | | 2,510 | | | | 2,610,224 | |
Montgomery Co IDA - Einstein Hlthcare | | | 5.00 | % | | 1/15/2021 | | Ba1 | | | 2,000 | | | | 2,031,380 | |
Montgomery Co IDA - Jefferson Hlth | | | 5.00 | % | | 9/1/2026 | | A | | | 1,150 | | | | 1,381,426 | |
Montgomery Co IDA - Jefferson Hlth | | | 5.00 | % | | 9/1/2027 | | A | | | 1,500 | | | | 1,839,555 | |
Montgomery Co IDA - Jefferson Hlth | | | 5.00 | % | | 9/1/2028 | | A | | | 1,850 | | | | 2,315,312 | |
Montgomery Co IDA - Jefferson Hlth | | | 5.00 | % | | 9/1/2029 | | A | | | 1,000 | | | | 1,272,400 | |
Montgomery Co IDA - Whitemarsh | | | 4.00 | % | | 1/1/2023 | | NR | | | 1,350 | | | | 1,349,042 | |
NC Med - Southminster | | | 5.00 | % | | 10/1/2023 | | NR | | | 750 | | | | 768,908 | |
NC Med Care Comm - Wake Forest Baptist | | | 2.20 | %#(a) | | 12/1/2048 | | A | | | 15,000 | | | | 15,211,050 | |
NJ Hlth - Hackensack Meridian Hlth | | | 5.00 | % | | 7/1/2026 | | AA- | | | 3,900 | | | | 4,740,255 | |
NJ Hlth - St Peters Univ Hsp | | | 5.75 | % | | 7/1/2037 | | BB+ | | | 3,250 | | | | 3,260,010 | |
NJ Hlth - Univ Hosp (AGM) | | | 5.00 | % | | 7/1/2021 | | AA | | | 900 | | | | 938,295 | |
NJ Hlth Fin Auth - Valley Health | | | 5.00 | % | | 7/1/2026 | | A | | | 1,800 | | | | 2,159,028 | |
NJ Hlth Fin Auth - Valley Health | | | 5.00 | % | | 7/1/2027 | | A | | | 1,250 | | | | 1,523,813 | |
Northampton Co - St. Lukes Univ Hlth | | | 1.161% (1 Mo. LIBOR * .70 + 1.04 | %)# | | 8/15/2048 | | A- | | | 8,000 | | | | 7,962,000 | |
NY Dorm - Montefiore | | | 5.00 | % | | 9/1/2027 | | BBB | | | 1,400 | | | | 1,653,582 | |
NY Dorm - Montefiore | | | 5.00 | % | | 9/1/2028 | | BBB | | | 1,500 | | | | 1,800,015 | |
NY Dorm - Montefiore | | | 5.00 | % | | 9/1/2029 | | BBB | | | 1,750 | | | | 2,127,545 | |
NY Dorm - Montefiore | | | 5.00 | % | | 9/1/2030 | | BBB | | | 2,200 | | | | 2,657,314 | |
NY Dorm - Montefiore Ob Group | | | 5.00 | % | | 8/1/2024 | | BBB | | | 1,500 | | | | 1,681,395 | |
NY Dorm - Orange Regl Med Ctr† | | | 4.00 | % | | 12/1/2020 | | BBB- | | | 1,000 | | | | 1,010,930 | |
NY Dorm - Orange Regl Med Ctr† | | | 4.00 | % | | 12/1/2021 | | BBB- | | | 1,700 | | | | 1,763,223 | |
OH Hosp Rev - University Hospitals | | | 4.00 | % | | 1/15/2028 | | A | | | 500 | | | | 580,800 | |
OH Hosp Rev - University Hospitals | | | 5.00 | % | | 1/15/2026 | | A | | | 500 | | | | 594,065 | |
OH Hosp Rev - University Hospitals | | | 5.00 | % | | 1/15/2027 | | A | | | 250 | | | | 301,985 | |
OK DFA - OU Med | | | 5.00 | % | | 8/15/2025 | | Baa3 | | | 550 | | | | 627,638 | |
OK DFA - OU Med | | | 5.00 | % | | 8/15/2026 | | Baa3 | | | 800 | | | | 927,632 | |
Oneida Co - Mohawk Valley Hlth (AGM) | | | 5.00 | % | | 12/1/2027 | | AA | | | 1,400 | | | | 1,591,534 | |
Oneida Co - Mohawk Valley Hlth (AGM) | | | 5.00 | % | | 12/1/2028 | | AA | | | 1,000 | | | | 1,134,810 | |
Oneida Co - Mohawk Valley Hlth (AGM) | | | 5.00 | % | | 12/1/2029 | | AA | | | 1,000 | | | | 1,132,210 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Owensboro Health | | | 5.00 | % | | 6/1/2025 | | Baa3 | | $ | 1,400 | | | $ | 1,543,486 | |
PA Hgr Ed - UPenn Hlth | | | 5.00 | % | | 8/15/2027 | | AA | | | 1,250 | | | | 1,568,738 | |
PA Hgr Ed - UPenn Hlth | | | 5.00 | % | | 8/15/2028 | | AA | | | 1,565 | | | | 2,011,776 | |
Palomar Hlth | | | 5.00 | % | | 11/1/2021 | | BBB | | | 500 | | | | 526,470 | |
Philadelphia Hsps - Temple Univ Hlth | | | 5.00 | % | | 7/1/2027 | | BBB- | | | 5,000 | | | | 5,832,800 | |
Sante Fe Retirement Facs- El Castillo | | | 2.25 | % | | 5/15/2024 | | BB+ | (b) | | 600 | | | | 567,228 | |
Sartell Hlth Care - Country Manor | | | 4.00 | % | | 9/1/2020 | | NR | | | 500 | | | | 499,825 | |
SE Port Auth - Memorial Hlth | | | 5.00 | % | | 12/1/2022 | | BB- | (b) | | 2,345 | | | | 2,458,592 | |
South Miami Hlth Fac - Baptist Hlth | | | 5.00 | % | | 8/15/2022 | | AA- | | | 1,000 | | | | 1,085,030 | |
South Miami Hlth Fac - Baptist Hlth | | | 5.00 | % | | 8/15/2023 | | AA- | | | 1,350 | | | | 1,516,131 | |
Southcentral PA Auth - Wellspan Hlth | | | 0.73% (MUNIPSA * 1 + 0.60 | %)# | | 6/1/2049 | | Aa3 | | | 9,000 | | | | 8,950,860 | |
St Paul Hsg - HlthEast Care Sys | | | 5.00 | % | | 11/15/2020 | | NR | | | 1,255 | | | | 1,276,147 | |
Tampa Hlth - Baycare Health | | | 4.00 | % | | 11/15/2033 | | Aa2 | | | 11,250 | | | | 11,696,400 | |
Tulsa Co Industrial Auth - Montereau | | | 5.00 | % | | 11/15/2026 | | BBB- | (b) | | 500 | | | | 530,155 | |
WA HFC - CommonSpirit | | | 1.53% (MUNIPSA * 1 + 1.40 | %)# | | 1/1/2035 | | BBB+ | | | 2,000 | | | | 1,959,580 | |
WA Hlth - Fred Hutchinson Cancer Ctr | | | 1.224% (1 Mo. LIBOR * .67 + 1.10 | %)# | | 1/1/2042 | | A+ | | | 4,000 | | | | 3,999,080 | |
WA Hsg - Transforming Age† | | | 2.375 | % | | 1/1/2026 | | BB | (b) | | 1,275 | | | | 1,171,279 | |
WI Hlth & Ed - American Baptist | | | 3.50 | % | | 8/1/2022 | | NR | | | 365 | | | | 355,630 | |
WI Hlth & Ed - Marshfield Hlth | | | 5.00 | %#(a) | | 2/15/2052 | | A- | | | 5,000 | | | | 5,713,900 | |
Total | | | | | | | | | | | | | | | 255,790,738 | |
| | | | | | | | | | | | | | | | |
Housing 3.84% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA HFA - MFH | | | 4.00 | % | | 3/20/2033 | | BBB+ | | | 1,687 | | | | 1,811,466 | |
CT State Hsg Fin Auth | | | 4.00 | % | | 5/15/2049 | | AAA | | | 5,510 | | | | 6,183,543 | |
MD State Hsg CDA | | | 3.50 | % | | 3/1/2050 | | Aa1 | | | 10,000 | | | | 10,888,000 | |
MD State Hsg Dev Admn | | | 4.00 | % | | 9/1/2049 | | Aa1 | | | 4,920 | | | | 5,431,385 | |
MI State Hsg Dev Auth | | | 4.25 | % | | 12/1/2049 | | AA+ | | | 5,735 | | | | 6,377,607 | |
MN State Hsg Fin Agy (GNMA) | | | 4.25 | % | | 7/1/2049 | | AA+ | | | 4,665 | | | | 5,199,096 | |
MO State Hsg Dev Cmmn (GNMA) | | | 4.25 | % | | 5/1/2047 | | AA+ | | | 4,885 | | | | 5,435,344 | |
NC State Hsg Fin Agy (GNMA) | | | 4.00 | % | | 1/1/2050 | | AA+ | | | 4,860 | | | | 5,349,597 | |
ND State Hsg Fin Agy | | | 4.00 | % | | 1/1/2050 | | Aa1 | | | 4,910 | | | | 5,521,884 | |
NY Mortgage Rev | | | 3.50 | % | | 4/1/2049 | | Aa1 | | | 2,285 | | | | 2,433,045 | |
OH State Fin Agy | | | 4.50 | % | | 3/1/2050 | | Aaa | | | 4,960 | | | | 5,585,208 | |
Phoenix IDA - ASU Std Hsg | | | 5.00 | % | | 7/1/2023 | | Baa3 | | | 100 | | | | 105,428 | |
Phoenix IDA - ASU Std Hsg | | | 5.00 | % | | 7/1/2026 | | Baa3 | | | 175 | | | | 190,274 | |
SC State Hsg Fin Auth | | | 4.00 | % | | 1/1/2050 | | Aaa | | | 4,720 | | | | 5,277,762 | |
Total | | | | | | | | | | | | | | | 65,789,639 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Lease Obligations 3.64% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Pub Wks - Lease Rev | | | 5.00 | % | | 10/1/2026 | | Aa3 | | $ | 1,500 | | | $ | 1,889,475 | |
CA Pub Wks - Lease Rev | | | 5.00 | % | | 10/1/2027 | | Aa3 | | | 3,300 | | | | 4,265,415 | |
Comm of PA COPS | | | 5.00 | % | | 7/1/2023 | | A | | | 500 | | | | 564,395 | |
Comm of PA COPS | | | 5.00 | % | | 7/1/2025 | | A | | | 500 | | | | 599,060 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2021 | | BBB+ | | | 4,490 | | | | 4,606,964 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 3/1/2022 | | BBB+ | | | 2,310 | | | | 2,413,095 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2022 | | BBB+ | | | 900 | | | | 946,836 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2022 | | BBB+ | | | 515 | | | | 541,801 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 11/1/2022 | | BBB+ | | | 3,275 | | | | 3,477,952 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 3/1/2023 | | BBB+ | | | 3,565 | | | | 3,814,764 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 3/1/2025 | | BBB+ | | | 5,205 | | | | 5,542,284 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2025 | | BBB+ | | | 1,250 | | | | 1,394,887 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2026 | | BBB+ | | | 4,000 | | | | 4,521,560 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2021 | | A+ | | | 4,500 | | | | 4,632,345 | |
NJ Trans Trust Fund | | | 5.00 | % | | 12/15/2023 | | BBB+ | | | 1,250 | | | | 1,360,413 | |
NJ Trans Trust Fund | | | 5.00 | % | | 12/15/2024 | | BBB+ | | | 7,000 | | | | 7,751,310 | |
NJ Trans Trust Fund | | | 5.00 | % | | 12/15/2025 | | BBB+ | | | 12,500 | | | | 14,045,000 | |
Total | | | | | | | | | | | | | | | 62,367,556 | |
| | | | | | | | | | | | | | | | |
Other Revenue 4.50% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Black Belt Energy Gas District : Gas Prepay Revenue Bonds (Project #4) | | | 4.00 | %#(a) | | 12/1/2049 | | A3 | | | 12,325 | | | | 14,030,657 | |
CA Muni Fin - Republic Services | | | 3.00 | %#(a) | | 9/1/2021 | | BBB+ | | | 7,500 | | | | 7,500,000 | |
CA St Infra - LA Co Museum of Art | | | 0.776% (1 Mo. LIBOR * .70 + .65 | %)# | | 12/1/2050 | | A3 | | | 4,000 | | | | 3,992,080 | |
Clifton Higher Ed - Intl Ldrshp Sch | | | 5.25 | % | | 8/15/2026 | | NR | | | 1,605 | | | | 1,792,095 | |
Clifton Higher Ed - Intl Ldrshp Sch | | | 5.25 | % | | 8/15/2028 | | NR | | | 1,920 | | | | 2,123,539 | |
Indianapolis Local Pub Impt Bd Bk | | | 5.00 | % | | 6/1/2022 | | A1 | | | 4,040 | | | | 4,176,835 | |
Lower AL Gas Dist - Goldman Sachs | | | 4.00 | %#(a) | | 12/1/2050 | | A3 | | | 19,250 | | | | 21,924,402 | |
Main St Nat Gas - Macquarie | | | 5.00 | % | | 5/15/2025 | | A3 | | | 4,850 | | | | 5,599,519 | |
Maricopa Co - Legacy Schools† | | | 4.00 | % | | 7/1/2029 | | Ba2 | | | 500 | | | | 517,590 | |
Patriots Energy Group - RBC | | | 4.00 | %#(a) | | 10/1/2048 | | Aa2 | | | 8,000 | | | | 8,792,800 | |
Phoenix IDA - Basis Schs† | | | 3.00 | % | | 7/1/2020 | | BB | | | 375 | | | | 375,000 | |
TX Muni Gas Acq & Supply - Macquarie | | | 5.00 | % | | 12/15/2022 | | A3 | | | 5,800 | | | | 6,297,060 | |
Total | | | | | | | | | | | | | | | 77,121,577 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Special Tax 1.08% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Allentown Neighborhood Impt† | | | 5.00 | % | | 5/1/2022 | | Ba3 | | $ | 555 | | | $ | 574,147 | |
Allentown Neighborhood Impt† | | | 5.00 | % | | 5/1/2023 | | Ba3 | | | 190 | | | | 199,703 | |
Allentown Neighborhood Impt† | | | 5.00 | % | | 5/1/2028 | | NR | | | 4,550 | | | | 4,827,868 | |
Brea Redev Agy | | | 5.00 | % | | 8/1/2020 | | AA- | | | 2,100 | | | | 2,107,413 | |
CT Spl Tax - Trans Infra | | | 5.00 | % | | 10/1/2022 | | A+ | | | 3,400 | | | | 3,729,936 | |
CT Spl Tax - Trans Infra | | | 5.00 | % | | 1/1/2026 | | A+ | | | 5,000 | | | | 6,077,300 | |
Peninsula Town Center† | | | 4.00 | % | | 9/1/2023 | | NR | | | 225 | | | | 224,330 | |
Village CDD #12† | | | 3.25 | % | | 5/1/2023 | | NR | | | 500 | | | | 506,740 | |
Village CDD #13 | | | 2.625 | % | | 5/1/2024 | | NR | | | 250 | | | | 249,228 | |
Total | | | | | | | | | | | | | | | 18,496,665 | |
| | | | | | | | | | | | | | | | |
Tax Revenue 5.85% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
City of Sparks - Legends at Sparks Marina† | | | 2.50 | % | | 6/15/2024 | | Ba2 | | | 135 | | | | 132,698 | |
City of Sparks - Legends at Sparks Marina† | | | 2.75 | % | | 6/15/2028 | | Ba2 | | | 300 | | | | 288,132 | |
CT Spl Tax - Trans Infra | | | 5.00 | % | | 5/1/2025 | | A+ | | | 850 | | | | 1,017,170 | |
CT Spl Tax - Trans Infra | | | 5.00 | % | | 5/1/2026 | | A+ | | | 1,300 | | | | 1,593,124 | |
IL State Sales Tax | | | 5.00 | % | | 6/15/2024 | | BBB | | | 7,260 | | | | 7,906,939 | |
Jefferson Co - Sch Warrant | | | 5.00 | % | | 9/15/2023 | | AA | | | 2,000 | | | | 2,280,700 | |
MD Dept Trans | | | 4.00 | % | | 9/1/2026 | | AAA | | | 4,750 | | | | 5,712,302 | |
NY Dorm - PIT | | | 5.00 | % | | 3/31/2021 | | NR | | | 57,000 | | | | 59,013,810 | |
SC Transportation Infra Bank | | | 4.00 | % | | 10/1/2033 | | Aa3 | | | 12,000 | | | | 12,321,480 | |
Suffolk Co - TANS | | | 2.50 | % | | 7/23/2020 | | NR | | | 10,000 | | | | 10,009,300 | |
Total | | | | | | | | | | | | | | | 100,275,655 | |
| | | | | | | | | | | | | | | | |
Tobacco 2.29% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Los Angeles Co Tobacco | | | 1.75 | % | | 6/1/2030 | | BBB+ | | | 750 | | | | 769,433 | |
Los Angeles Co Tobacco | | | 5.00 | % | | 6/1/2024 | | A | | | 600 | | | | 697,716 | |
Los Angeles Co Tobacco | | | 5.00 | % | | 6/1/2025 | | A | | | 650 | | | | 777,959 | |
Los Angeles Co Tobacco | | | 5.00 | % | | 6/1/2026 | | A | | | 1,125 | | | | 1,377,034 | |
PA Tob Settlement | | | 5.00 | % | | 6/1/2022 | | A1 | | | 2,250 | | | | 2,426,782 | |
PA Tob Settlement | | | 5.00 | % | | 6/1/2023 | | A1 | | | 1,125 | | | | 1,256,996 | |
PA Tob Settlement | | | 5.00 | % | | 6/1/2024 | | A1 | | | 5,000 | | | | 5,767,750 | |
Railsplitter Tobacco Settlement Auth | | | 5.25 | % | | 6/1/2021 | | A | | | 16,010 | | | | 16,658,885 | |
Suffolk Tobacco Asset Sec Corp | | | 5.375 | % | | 6/1/2028 | | NR | | | 4,000 | | | | 4,007,040 | |
Tobacco Settlement Fin Corp NJ | | | 3.20 | % | | 6/1/2027 | | BBB | | | 3,875 | | | | 3,944,130 | |
TSASC | | | 5.00 | % | | 6/1/2021 | | A | | | 1,500 | | | | 1,551,780 | |
Total | | | | | | | | | | | | | | | 39,235,505 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation 8.64% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Bay Area Toll Auth | | | 1.38% (MUNIPSA * 1 + 1.25 | %)# | | 4/1/2036 | | AA | | $ | 2,375 | | | $ | 2,330,778 | |
Bay Area Toll Auth | | | 1.55% (3 Mo. LIBOR * .70 + .55 | %)# | | 4/1/2045 | | AA | | | 10,800 | | | | 10,742,544 | |
Bay Area Toll Auth | | | 4.00 | % | | 4/1/2029 | | AA- | | | 1,200 | | | | 1,408,044 | |
Central TX Mobility Auth | | | 4.00 | % | | 1/1/2022 | | BBB+ | | | 5,000 | | | | 5,081,350 | |
Central TX Mobility Auth | | | 5.00 | %#(a) | | 1/1/2045 | | A- | | | 5,000 | | | | 5,004,000 | |
Chesapeake Bay Bridge Dist | | | 5.00 | % | | 11/1/2023 | | BBB | | | 9,000 | | | | 9,720,000 | |
Chicago O’Hare Arpt | | | 5.00 | % | | 1/1/2029 | | A | | | 2,500 | | | | 2,634,175 | |
Chicago O’Hare Arpt | | | 5.00 | % | | 1/1/2031 | | A | | | 4,750 | | | | 4,993,295 | |
Chicago Trans Auth | | | 5.00 | % | | 6/1/2025 | | A | | | 2,000 | | | | 2,321,620 | |
Cleveland Arpt (AGM) | | | 5.00 | % | | 1/1/2022 | | AA | | | 455 | | | | 482,050 | |
DFW Arpt | | | 5.00 | % | | 11/1/2031 | | A1 | | | 9,450 | | | | 9,571,054 | |
E470 Pub Hwy Auth | | | 0.543% (1 Mo. LIBOR * .67 + .42 | %)# | | 9/1/2039 | | A | | | 6,000 | | | | 5,960,640 | |
E470 Pub Hwy Auth | | 1.174% (1 Mo. LIBOR * .67 + 1.05 | %)# | | 9/1/2039 | | A | | | 2,000 | | | | 2,000,900 | |
Grand Parkway Trans Corp | | | 5.00 | % | | 2/1/2023 | | BBB | | | 10,030 | | | | 10,847,044 | |
Illinois St Toll Hwy Auth | | | 5.00 | % | | 1/1/2024 | | AA- | | | 7,215 | | | | 8,256,557 | |
LA Offshore Term Auth - LOOP | | | 1.65 | %#(a) | | 9/1/2027 | | A3 | | | 3,500 | | | | 3,454,220 | |
LA Offshore Term Auth - LOOP | | | 2.00 | %#(a) | | 10/1/2040 | | BBB+ | | | 2,000 | | | | 1,979,400 | |
MTA NY | | | 5.00 | % | | 5/15/2021 | | NR | | | 5,000 | | | | 5,105,400 | |
MTA NY | | | 5.00 | %#(a) | | 11/15/2045 | | A2 | | | 13,000 | | | | 15,002,130 | |
NC Tpk Auth - Triangle Exprs (AGM) | | | 5.00 | % | | 1/1/2028 | | AA | | | 1,500 | | | | 1,808,010 | |
NJ Tpk Auth | | | 0.871% (1 Mo. LIBOR * .70 + .75 | %)# | | 1/1/2030 | | A+ | | | 2,500 | | | | 2,489,700 | |
NJ Tpk Auth | | | 5.00 | % | | 1/1/2027 | | A+ | | | 3,200 | | | | 3,960,256 | |
NJ Trans Trust Fund | | | 1.33% (MUNIPSA * 1 + 1.20 | %)# | | 6/15/2034 | | BBB+ | | | 10,030 | | | | 10,029,198 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2023 | | A+ | | | 7,210 | | | | 7,844,047 | |
PA Tpk Commn | | | 5.00 | % | | 12/1/2025 | | A1 | | | 150 | | | | 178,874 | |
PA Tpk Commn | | | 5.00 | % | | 12/1/2026 | | A1 | | | 400 | | | | 483,596 | |
Port Auth NY & NJ - JFK IAT | | | 5.00 | % | | 12/1/2020 | | Baa1 | | | 1,560 | | | | 1,572,542 | |
Port Auth of Houston | | | 5.00 | % | | 10/1/2039 | | AAA | | | 11,000 | | | | 11,099,330 | |
Triborough Brdg & Tunl Auth (NPFGC)(FGIC) | | | 5.50 | % | | 11/15/2021 | | A+ | | | 1,650 | | | | 1,761,507 | |
Total | | | | | | | | | | | | | | | 148,122,261 | |
| | | | | | | | | | | | | | | | |
Utilities 12.79% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
American Muni Pwr - Hydroelec Proj | | | 2.25 | %#(a) | | 2/15/2048 | | A | | | 6,500 | | | | 6,548,425 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
American Muni Pwr- Prairie St TCRS (BAM) | | | 5.25 | % | | 2/15/2030 | | AA | | $ | 2,500 | | | $ | 2,702,325 | |
Central Plains - Goldman Sachs | | | 5.00 | % | | 9/1/2027 | | BBB+ | | | 1,305 | | | | 1,572,995 | |
Chicago Wastewater | | | 5.00 | % | | 1/1/2021 | | A | | | 1,000 | | | | 1,017,420 | |
Chicago Wastewater | | | 5.00 | % | | 1/1/2022 | | A | | | 2,000 | | | | 2,103,560 | |
Chicago Water | | | 5.00 | % | | 11/1/2022 | | A | | | 1,000 | | | | 1,079,930 | |
Chicago Water | | | 5.00 | % | | 11/1/2022 | | A | | | 5,680 | | | | 6,134,002 | |
Chicago Water (AGM) | | | 5.00 | % | | 11/1/2028 | | AA | | | 2,500 | | | | 3,022,300 | |
City of Rockport Poll Ctl - IN MI Pwr | | | 3.05 | % | | 6/1/2025 | | A- | | | 3,500 | | | | 3,821,195 | |
Cleveland Public Pwr (AGM) | | | 5.00 | % | | 11/15/2026 | | AA | | | 1,190 | | | | 1,503,184 | |
Cleveland Public Pwr (AGM) | | | 5.00 | % | | 11/15/2027 | | AA | | | 2,280 | | | | 2,954,903 | |
Cleveland Public Pwr (AGM) | | | 5.00 | % | | 11/15/2028 | | AA | | | 2,000 | | | | 2,649,740 | |
Cleveland Public Pwr (AGM) | | | 5.00 | % | | 11/15/2029 | | AA | | | 1,000 | | | | 1,353,290 | |
DE EDA - Delmarva Pwr & Light | | | 1.05 | %#(a) | | 1/1/2031 | | A | | | 6,315 | | | | 6,353,332 | |
Detroit Water | | | 5.00 | % | | 7/1/2021 | | AA- | | | 420 | | | | 439,383 | |
Detroit Water | | | 5.00 | % | | 7/1/2022 | | AA- | | | 500 | | | | 545,360 | |
Escambia Co PCR - Gulf Power | | | 2.60 | % | | 6/1/2023 | | A | | | 3,000 | | | | 3,175,710 | |
Farmington Poll Ctl - NM Pub Svc | | | 1.875 | %#(a) | | 4/1/2033 | | BBB | | | 4,000 | | | | 3,991,720 | |
Floyd CO Dev - GA Power | | | 2.35 | %#(a) | | 7/1/2022 | | Baa1 | | | 1,500 | | | | 1,510,890 | |
IL Fin Auth - Peoples Gas | | | 1.875 | %#(a) | | 2/1/2033 | | Aa3 | | | 6,500 | | | | 6,505,460 | |
KY Muni Pwr - Prairie State Proj | | | 3.45 | %#(a) | | 9/1/2042 | | Baa1 | | | 1,700 | | | | 1,712,291 | |
KY PCR - KY Util Comp | | | 1.55 | %#(a) | | 9/1/2042 | | A1 | | | 11,250 | | | | 11,246,063 | |
KY Public Energy Auth - BP | | | 4.00 | %#(a) | | 1/1/2049 | | A1 | | | 1,775 | | | | 1,956,600 | |
KY Public Energy Auth - Morgan Stanley | | | 4.00 | %#(a) | | 4/1/2048 | | A3 | | | 3,110 | | | | 3,417,268 | |
Lehigh Co IDA - PPL Elec Util | | | 1.80 | %#(a) | | 2/15/2027 | | A1 | | | 10,660 | | | | 10,777,793 | |
Long Island Power Auth | | | 0.871% (1 Mo. LIBOR * .70 + .75 | %)# | | 5/1/2033 | | A | | | 10,000 | | | | 9,959,800 | |
Long Island Power Auth | | | 5.00 | % | | 9/1/2026 | | A | | | 500 | | | | 616,150 | |
Long Island Power Auth | | | 5.00 | % | | 9/1/2027 | | A | | | 500 | | | | 631,305 | |
Louisa VA IDA - VA Elec & Pwr CO | | | 1.90 | %#(a) | | 11/1/2035 | | A2 | | | 5,000 | | | | 5,149,150 | |
Louisville/Jeff Co Poll Ctrl - Louisville | | | 1.85 | %#(a) | | 10/1/2033 | | A1 | | | 5,000 | | | | 5,037,900 | |
Mason Cnty Poll Ctrl - Appalachian Power | | | 2.75 | % | | 10/1/2022 | | A- | | | 27,500 | | | | 28,211,425 | |
MEAG - Proj 1 | | | 5.00 | % | | 1/1/2021 | | A2 | | | 7,000 | | | | 7,127,260 | |
Northern CA Gas - Goldman Sachs | | | 4.00 | %#(a) | | 7/1/2049 | | A3 | | | 5,000 | | | | 5,533,700 | |
NY Elec Sys - LIPA | | | 1.65 | %#(a) | | 9/1/2049 | | A | | | 4,000 | | | | 3,989,840 | |
Philadelphia Gas Works | | | 5.00 | % | | 8/1/2020 | | A | | | 2,000 | | | | 2,006,440 | |
Philadelphia Gas Works | | | 5.00 | % | | 8/1/2023 | | A | | | 850 | | | | 945,183 | |
Philadelphia Gas Works | | | 5.00 | % | | 8/1/2024 | | A | | | 800 | | | | 915,016 | |
PR Aqueduct & Swr Auth | | | 5.00 | % | | 7/1/2022 | | Ca | | | 2,000 | | | | 2,095,000 | |
PR Elec Pwr Auth(c) | | | 5.25 | % | | 7/1/2018 | | NR | | | 2,000 | | | | 1,387,500 | |
Rockport IN Wtr Pollution Ctl | | | 1.35 | %#(a) | | 7/1/2025 | | A- | | | 2,000 | | | | 2,028,160 | |
Rockport IN Wtr Pollution Ctl | | | 1.35 | %#(a) | | 7/1/2025 | | A- | | | 2,150 | | | | 2,180,272 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
SA Energy Acquisition Pub Fac - Goldman Sachs | | | 5.50 | % | | 8/1/2021 | | A3 | | $ | 4,350 | | | $ | 4,532,352 | |
San Antonio Elec & Gas | | | 1.75 | %#(a) | | 2/1/2049 | | Aa2 | | | 10,750 | | | | 10,959,303 | |
San Antonio Elec & Gas | | | 2.75 | %#(a) | | 2/1/2048 | | Aa2 | | | 8,000 | | | | 8,415,520 | |
San Antonio Water System | | | 2.625 | %#(a) | | 5/1/2049 | | AA | | | 5,000 | | | | 5,313,650 | |
Wise Co IDA - VA Elec & Pwr Co | | | 2.15 | %#(a) | | 10/1/2040 | | A2 | | | 13,430 | | | | 13,434,700 | |
WV EDA - Appalachian Pwr | | | 2.55 | %#(a) | | 3/1/2040 | | A- | | | 2,000 | | | | 2,060,660 | |
WV EDA - Appalachian Pwr | | | 2.625 | %#(a) | | 12/1/2042 | | A- | | | 3,000 | | | | 3,050,730 | |
York Co VA IDA - VA Elec & Pwr CO | | | 1.90 | %#(a) | | 5/1/2033 | | A2 | | | 5,500 | | | | 5,678,255 | |
Total | | | | | | | | | | | | | | | 219,354,410 | |
Total Municipal Bonds (cost $1,425,702,778) | | | | | | | | | | | | 1,452,610,643 | |
| | Interest Rate# | | | Interest Rate Reset Date(d) | | Final Maturity Date | | | | | | | | |
SHORT-TERM INVESTMENTS 13.97% | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes 13.97% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
Corporate-Backed 0.06% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
PSL North America | | | 3.67 | % | | 7/2/2020 | | 11/1/2032 | | BBB- | | | 1,000 | | | | 1,000,000 | |
| | | | | | | | | | | | | | | | | | |
General Obligation 1.78% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
NYC GO ARS | | | 0.40 | % | | 7/1/2020 | | 10/1/2046 | | Aa1 | | | 20,600 | | | | 20,600,000 | |
Texas St GO | | | 0.12 | % | | 7/1/2020 | | 4/1/2036 | | Aaa | | | 10,000 | | | | 10,000,000 | |
Total | | | | | | | | | | | | | | | | | 30,600,000 | |
| | | | | | | | | | | | | | | | | | |
Health Care 6.80% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
AL Hlth Care Auth - Baptist Health | | | 1.32 | % | | 7/2/2020 | | 11/1/2042 | | A3 | | | 17,055 | | | | 17,055,000 | |
AR DFA - Baptist Mem Hlth | | | 1.24 | % | | 7/2/2020 | | 9/1/2044 | | BBB+ | | | 46,906 | | | | 46,906,000 | |
Lee Memorial Hlth System | | | 0.78 | % | | 7/2/2020 | | 4/1/2049 | | A+ | | | 18,780 | | | | 18,780,000 | |
NJ Hlth - Christian Hlth Care Ctr | | | 0.26 | % | | 7/2/2020 | | 7/1/2038 | | BBB+ | | | 5,515 | | | | 5,515,000 | |
NYC Muni Water | | | 0.14 | % | | 7/1/2020 | | 6/15/2045 | | AAA | | | 3,835 | | | | 3,835,000 | |
WV United Health Sys | | | 0.77 | % | | 7/2/2020 | | 6/1/2033 | | A | | | 24,540 | | | | 24,540,000 | |
Total | | | | | | | | | | | | | | | | | 116,631,000 | |
| | | | | | | | | | | | | | | | | | |
Housing 0.61% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
IN Hsg & Cmnty Dev - SF Mtge Rev (GNMA) | | | 0.03 | % | | 7/2/2020 | | 7/1/2047 | | Aaa | | | 10,475 | | | | 10,475,000 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
Investments | | Interest Rate# | | | Interest Rate Reset Date(d) | | Final Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Lease Obligations 0.23% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
Montgomery Co Pub Bldg Auth | | | 0.18 | % | | 7/1/2020 | | 11/1/2027 | | Aa2 | | $ | 3,880 | | | $ | 3,880,000 | |
| | | | | | | | | | | | | | | | | | |
Tax Revenue 1.71% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
NYC TFA - Future Tax | | | 0.14 | % | | 7/1/2020 | | 11/1/2044 | | AAA | | | 29,230 | | | | 29,230,000 | |
| | | | | | | | | | | | | | | | | | |
Utilities 2.78% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
Appling Co Dev - GA Power | | | 0.22 | % | | 7/1/2020 | | 9/1/2041 | | A- | | | 9,750 | | | | 9,750,000 | |
NYC Muni Water | | | 0.14 | % | | 7/1/2020 | | 6/15/2050 | | AA+ | | | 20,290 | | | | 20,290,000 | |
NYC Muni Water | | | 0.14 | % | | 7/1/2020 | | 6/15/2045 | | AAA | | | 1,290 | | | | 1,290,000 | |
NYC Muni Water | | | 0.14 | % | | 7/1/2020 | | 6/15/2045 | | AAA | | | 16,400 | | | | 16,400,000 | |
Total | | | | | | | | | | | | | | | | | 47,730,000 | |
Total Short-Term Investments (cost $239,546,000) | | | | | | | | | | | 239,546,000 | |
Total Investments in Securities 98.70% (cost $1,665,248,778) | | | | | | | | | 1,692,156,643 | |
Cash and Other Assets in Excess of Liabilities 1.30% | | | | | | | | | | | 22,295,220 | |
Net Assets 100.00% | | | | | | | | | | | | | $ | 1,714,451,863 | |
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. |
NR | Not Rated. |
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 June 30, 2020. |
† | 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 June 30, 2020, the total value of Rule 144A securities was $24,153,824, which represents 1.41% of net assets. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon 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. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION TAX FREE FUND June 30, 2020
The following is a summary of the inputs used as of June 30, 2020 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 | | $ | — | | | $ | 1,452,610,643 | | | $ | — | | | $ | 1,452,610,643 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes | | | — | | | | 239,546,000 | | | | — | | | | 239,546,000 | |
Total | | $ | — | | | $ | 1,692,156,643 | | | $ | — | | | $ | 1,692,156,643 | |
(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 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 | | $ | 5,642,500 | |
Accrued Discounts (Premiums) | | | — | |
Realized Gain (Loss) | | | — | |
Change in Unrealized Appreciation (Depreciation) | | | — | |
Purchases | | | — | |
Sales | | | — | |
Transfers into Level 3 | | | — | |
Transfers out of Level 3 | | | (5,642,500 | ) |
Balance as of June 30, 2020 | | $ | — | |
Change in unrealized appreciation/depreciation for the period ended June 30, 2020, related to Level 3 investments held at June 30, 2020 | | $ | — | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
MUNICIPAL BONDS 99.08% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Corporate-Backed 8.16% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
AL IDA - Office Max Rmkt AMT | | 6.45 | %#(a) | 12/1/2023 | | B1 | | $ | 2,300 | | | $ | 2,299,954 | |
Allegheny Co IDA - US Steel | | 4.875 | % | 11/1/2024 | | B- | | | 3,300 | | | | 3,047,055 | |
Allegheny Co IDA - US Steel | | 5.125 | % | 5/1/2030 | | B- | | | 1,000 | | | | 880,060 | |
AZ IDA | | 3.625 | % | 5/20/2033 | | BBB | | | 14,840 | | | | 15,445,902 | |
Build NYC Res Corp - Pratt Paper AMT† | | 4.50 | % | 1/1/2025 | | NR | | | 3,280 | | | | 3,405,263 | |
Build NYC Res Corp - Pratt Paper AMT† | | 5.00 | % | 1/1/2035 | | NR | | | 550 | | | | 576,422 | |
CA Fin Auth - United Airlines AMT | | 4.00 | % | 7/15/2029 | | BB- | | | 11,090 | | | | 11,197,462 | |
CA MFA - Waste Mgmt AMT | | 2.40 | %#(a) | 10/1/2044 | | A- | | | 9,750 | | | | 10,554,765 | |
CA Poll Ctl - Waste Mgmt AMT | | 3.00 | % | 11/1/2025 | | A- | | | 9,850 | | | | 10,784,174 | |
Chandler AZ IDA - Intel Corp AMT | | 2.70 | %#(a) | 12/1/2037 | | A+ | | | 7,250 | | | | 7,621,780 | |
Citizens Property Insurance Corp | | 5.00 | % | 6/1/2022 | | A+ | | | 12,500 | | | | 13,236,500 | |
Downtown Doral CDD† | | 4.25 | % | 12/15/2028 | | NR | | | 250 | | | | 260,135 | |
Downtown Doral CDD† | | 4.75 | % | 12/15/2038 | | NR | | | 625 | | | | 675,388 | |
Gloucester Co Poll Ctl - Logan AMT | | 5.00 | % | 12/1/2024 | | BBB- | | | 1,485 | | | | 1,547,771 | |
Greater Orlando Aviation - Jet Blue AMT | | 5.00 | % | 11/15/2026 | | NR | | | 2,980 | | | | 3,060,520 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/15/2028 | | BB- | | | 2,525 | | | | 2,619,107 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/1/2029 | | BB- | | | 2,295 | | | | 2,354,532 | |
IA Fin Auth - Iowa Fertilizer Co | | 3.125 | % | 12/1/2022 | | BB- | | | 1,875 | | | | 1,893,919 | |
IA Fin Auth - Iowa Fertilizer Co | | 5.25 | % | 12/1/2025 | | BB- | | | 10,000 | | | | 10,443,500 | |
IA Fin Auth - Iowa Fertilizer Co† | | 5.875 | % | 12/1/2026 | | BB- | | | 3,365 | | | | 3,502,427 | |
IN Fin Auth - OVEC(b) | | 3.00 | % | 11/1/2030 | | BBB- | (c) | | 1,600 | | | | 1,646,448 | |
IN Fin Auth - OVEC(b) | | 3.00 | % | 11/1/2030 | | BBB- | (c) | | 2,000 | | | | 2,058,060 | |
IN Fin Auth - OVEC(b) | | 3.00 | % | 11/1/2030 | | BBB- | (c) | | 2,000 | | | | 2,058,060 | |
Indianapolis Local Pub Impt - IND Arpt AMT | | 5.00 | % | 1/1/2026 | | A1 | | | 9,425 | | | | 10,825,555 | |
Indianapolis Local Pub Impt - IND Arpt AMT | | 5.00 | % | 1/1/2027 | | A1 | | | 8,300 | | | | 9,486,817 | |
LA Citizens Property Insurance Corp (AGM) | | 5.00 | % | 6/1/2022 | | AA | | | 2,000 | | | | 2,157,220 | |
LA Env Facs - Westlake Chem | | 3.50 | % | 11/1/2032 | | Baa2 | | | 8,850 | | | | 9,221,965 | |
LA Env Facs - Westlake Chem | | 6.50 | % | 8/1/2029 | | Baa2 | | | 6,780 | | | | 6,802,103 | |
LA St John Parish - Marathon Oil | | 2.20 | %#(a) | 6/1/2037 | | BBB- | | | 7,500 | | | | 7,196,850 | |
Liberty Dev Corp - Goldman Sachs | | 5.25 | % | 10/1/2035 | | A3 | | | 740 | | | | 1,000,421 | |
Love Field Arpt - Southwest Airlines AMT | | 5.00 | % | 11/1/2028 | | Baa1 | | | 1,800 | | | | 1,851,192 | |
Martin Co IDA - Indiantown Cogen AMT† | | 4.20 | % | 12/15/2025 | | A- | | | 6,000 | | | | 6,002,880 | |
Matagorda Co Nav Dist - AEP TX Central | | 2.60 | % | 11/1/2029 | | A- | | | 2,800 | | | | 2,848,748 | |
Matagorda Co Nav Dist - AEP TX Central | | 4.00 | % | 6/1/2030 | | A- | | | 8,000 | | | | 8,359,200 | |
MD EDC - Chesapeake Bay Hyatt(d) | | 5.00 | % | 12/1/2016 | | NR | | | 2,570 | | | | 1,542,000 | (e) |
Met Govt Nashville & Davidson Cnty | | 4.00 | % | 7/1/2034 | | AA | | | 10,000 | | | | 11,791,900 | |
Mission Econ Dev Corp - Natgasoline AMT† | | 4.625 | % | 10/1/2031 | | BB- | | | 10,000 | | | | 10,505,400 | |
Mission Waste - Republic Services AMT | | 1.50 | %#(a) | 5/1/2050 | | BBB+ | | | 5,000 | | | | 4,999,750 | |
Nez Perce Co Poll Ctl - Potlatch | | 2.75 | % | 10/1/2024 | | BBB- | | | 10,500 | | | | 10,626,105 | |
NH National Fin Auth - Covanta AMT† | | 4.00 | % | 11/1/2027 | | B1 | | | 4,225 | | | | 4,279,798 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Corporate-Backed (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
NH National Fin Auth - Hsg Sec | | 4.125 | % | 1/20/2034 | | NR | | $ | 4,973 | | | $ | 5,339,141 | |
Niagara Area Dev Corp - Covanta† | | 3.50 | % | 11/1/2024 | | B1 | | | 4,650 | | | | 4,664,461 | |
Niagara Area Dev Corp - Covanta AMT† | | 4.75 | % | 11/1/2042 | | B1 | | | 5,500 | | | | 5,558,135 | |
NJ EDA - Continental Airlines AMT | | 5.25 | % | 9/15/2029 | | BB- | | | 11,320 | | | | 11,544,476 | |
NJ EDA - Continental Airlines AMT | | 5.50 | % | 6/1/2033 | | BB- | | | 1,500 | | | | 1,526,685 | |
NJ EDA - Sch Facs | | 5.00 | % | 6/15/2030 | | BBB+ | | | 2,000 | | | | 2,259,980 | |
NJ EDA - Sch Facs | | 5.00 | % | 6/15/2033 | | BBB+ | | | 2,000 | | | | 2,221,180 | |
NY Energy RDA - NYSEGC | | 3.50 | % | 10/1/2029 | | A- | | | 8,200 | | | | 9,290,026 | |
NY Env Facs - Casella Waste AMT† | | 2.875 | %#(a) | 12/1/2044 | | B | | | 2,000 | | | | 1,908,160 | |
NY Liberty Dev Corp - 3 WTC† | | 5.15 | % | 11/15/2034 | | NR | | | 1,875 | | | | 1,952,944 | |
NY Liberty Dev Corp - 3 WTC† | | 7.25 | % | 11/15/2044 | | NR | | | 1,920 | | | | 2,082,835 | |
NY Trans Dev Corp - American Airlines AMT | | 5.00 | % | 8/1/2026 | | B- | | | 3,000 | | | | 3,009,870 | |
NY Trans Dev Corp - American Airlines AMT | | 5.25 | % | 8/1/2031 | | B- | | | 5,960 | | | | 6,162,461 | |
NY Trans Dev Corp - American Airlines AMT | | 5.375 | % | 8/1/2036 | | B- | | | 1,850 | | | | 1,914,694 | |
NYC Cap Res - Arthur Mgmt | | 7.00 | % | 8/1/2025 | | NR | | | 3,100 | | | | 3,116,554 | |
NYC IDA - TRIPS AMT | | 5.00 | % | 7/1/2022 | | BBB+ | | | 2,330 | | | | 2,471,221 | |
NYC IDA - TRIPS AMT | | 5.00 | % | 7/1/2028 | | BBB+ | | | 3,500 | | | | 3,701,215 | |
OH Air Dev Auth - AEP | | 1.90 | %#(a) | 5/1/2026 | | BBB+ | | | 3,285 | | | | 3,314,729 | |
OH Air Dev Auth - AEP | | 2.40 | %#(a) | 12/1/2038 | | BBB+ | | | 4,500 | | | | 4,573,440 | |
OH Air Dev Auth - AEP AMT | | 2.50 | %#(a) | 11/1/2042 | | BBB+ | | | 5,800 | | | | 6,023,474 | |
OH Air Dev Auth - AEP AMT | | 2.60 | %#(a) | 6/1/2041 | | BBB+ | | | 9,250 | | | | 9,440,920 | |
OH Air Quality - Pratt Paper AMT† | | 3.75 | % | 1/15/2028 | | NR | | | 1,700 | | | | 1,747,600 | |
OH Air Quality - Pratt Paper AMT† | | 4.25 | % | 1/15/2038 | | NR | | | 4,955 | | | | 5,137,146 | |
OK DFA - Waste Mgmt | | 2.375 | %#(a) | 12/1/2021 | | A- | | | 1,665 | | | | 1,702,030 | |
PA EDA - Covanta AMT† | | 3.25 | % | 8/1/2039 | | B1 | | | 1,035 | | | | 913,025 | |
PA EDA - Procter & Gamble AMT | | 5.375 | % | 3/1/2031 | | AA- | | | 1,355 | | | | 1,835,768 | |
Parish of St James - Nustar Logistics† | | 5.85 | %#(a) | 8/1/2041 | | BB- | | | 1,000 | | | | 1,085,000 | |
Parish of St James - Nustar Logistics† | | 6.10 | %#(a) | 6/1/2038 | | BB- | | | 1,500 | | | | 1,751,640 | |
Parish of St James - Nustar Logistics† | | 6.10 | %#(a) | 12/1/2040 | | BB- | | | 2,500 | | | | 2,919,400 | |
Richland Co Env Impt - Intl Paper AMT | | 3.875 | % | 4/1/2023 | | BBB | | | 6,715 | | | | 7,223,527 | |
Rockdale Co Dev Auth - Pratt Paper AMT† | | 4.00 | % | 1/1/2038 | | NR | | | 5,205 | | | | 5,313,056 | |
Salem Co Poll Ctl - Chambers AMT | | 5.00 | % | 12/1/2023 | | BBB | | | 6,300 | | | | 6,605,235 | |
Selma IDB - Intl Paper | | 2.00 | %#(a) | 11/1/2033 | | BBB | | | 1,000 | | | | 1,034,710 | |
St Charles Parish - Valero Energy | | 4.00 | %#(a) | 12/1/2040 | | BBB | | | 10,435 | | | | 10,882,557 | |
Tuscaloosa IDA - Hunt Refining† | | 5.25 | % | 5/1/2044 | | NR | | | 6,950 | | | | 7,606,844 | |
VA Small Bus Fing - Covanta AMT† | | 5.00 | %#(a) | 1/1/2048 | | B- | | | 440 | | | | 449,816 | |
Valdez Marine Term - BP | | 5.00 | % | 1/1/2021 | | A1 | | | 10,000 | | | | 10,188,800 | |
Valparaiso Facs - Pratt Paper AMT | | 5.875 | % | 1/1/2024 | | NR | | | 740 | | | | 762,977 | |
Valparaiso Facs - Pratt Paper AMT | | 6.75 | % | 1/1/2034 | | NR | | | 5,000 | | | | 5,383,050 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Corporate-Backed (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Warren Co - Intl Paper | | 2.90 | %#(a) | 9/1/2032 | | BBB | | $ | 7,500 | | | $ | 7,925,775 | |
West Pace Coop Dist(d) | | 9.125 | % | 5/1/2039 | | NR | | | 4,900 | | | | 2,842,000 | (e) |
Whiting Env Facs - BP AMT | | 5.00 | %#(a) | 11/1/2045 | | A1 | | | 6,855 | | | | 7,433,631 | |
Whiting Env Facs - BP Rmkt | | 5.25 | % | 1/1/2021 | | A1 | | | 5,000 | | | | 5,100,600 | |
WI PFA - American Dream† | | 5.00 | % | 12/1/2027 | | NR | | | 7,000 | | | | 6,211,590 | |
WI PFA - American Dream† | | 6.75 | % | 12/1/2042 | | NR | | | 5,000 | | | | 4,385,700 | |
WI PFA - Celanese AMT | | 5.00 | % | 12/1/2025 | | BBB- | | | 6,500 | | | | 7,381,335 | |
WI PFA - TRIPS AMT | | 5.25 | % | 7/1/2028 | | BBB+ | | | 3,750 | | | | 3,913,312 | |
Total | | | | | | | | | | | | | 430,479,833 | |
| | | | | | | | | | | | | | |
Education 4.53% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
CA Fin Auth - Biola Univ | | 5.00 | % | 10/1/2028 | | Baa1 | | | 420 | | | | 453,848 | |
CA Fin Auth - Biola Univ | | 5.00 | % | 10/1/2030 | | Baa1 | | | 430 | | | | 461,020 | |
Ca State Univ | | 5.00 | % | 11/1/2024 | | Aa2 | | | 3,700 | | | | 3,929,474 | |
CA State Univ Sys | | 5.00 | % | 11/1/2024 | | NR | | | 1,300 | | | | 1,378,377 | |
CA State Univ Sys | | 5.00 | % | 11/1/2026 | | Aa2 | | | 2,750 | | | | 3,383,023 | |
Cap Trust Ed - Renaissance Charter† | | 5.00 | % | 6/15/2039 | | NR | | | 2,160 | | | | 2,257,070 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2034 | | BB- | | | 3,000 | | | | 3,204,390 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2036 | | BB- | | | 9,000 | | | | 9,548,730 | |
Cleveland State Univ | | 5.00 | % | 6/1/2024 | | A+ | | | 1,775 | | | | 1,881,269 | |
Clifton Higher Ed - Intl Ldrshp Sch | | 5.125 | % | 8/15/2030 | | NR | | | 3,500 | | | | 3,826,060 | |
CT Ed Facs - Univ of Hartford | | 4.00 | % | 7/1/2039 | | BBB- | | | 1,875 | | | | 1,902,188 | |
CT Hlth & Ed - Quinnipiac Univ | | 5.00 | % | 7/1/2033 | | A- | | | 8,230 | | | | 9,303,768 | |
Cuyahoga CCD | | 5.00 | % | 8/1/2020 | | Aa2 | | | 935 | | | | 938,600 | |
Frederick Co Ed Fac - Mount St Mary’s Univ† | | 5.00 | % | 9/1/2027 | | BB+ | | | 2,000 | | | | 2,143,980 | |
Frederick Co Ed Fac - Mount St Mary’s Univ† | | 5.00 | % | 9/1/2032 | | BB+ | | | 2,400 | | | | 2,558,856 | |
Fulton Co Dev - GA Tech Athletic Assoc | | 5.00 | % | 10/1/2022 | | A2 | | | 215 | | | | 234,346 | |
IL Fin Auth - IL Inst of Tech | | 4.00 | % | 9/1/2035 | | Baa3 | | | 2,600 | | | | 2,678,416 | |
IL Fin Auth - IL Inst of Tech | | 5.00 | % | 9/1/2030 | | Baa3 | | | 625 | | | | 720,956 | |
IL Fin Auth - IL Inst of Tech | | 5.00 | % | 9/1/2031 | | Baa3 | | | 600 | | | | 686,904 | |
IL Fin Auth - IL Inst of Tech | | 5.00 | % | 9/1/2032 | | Baa3 | | | 500 | | | | 568,540 | |
IL Fin Auth - IL Inst of Tech | | 5.00 | % | 9/1/2033 | | Baa3 | | | 1,000 | | | | 1,129,350 | |
IL Fin Auth - IL Inst of Tech | | 5.00 | % | 9/1/2034 | | Baa3 | | | 2,620 | | | | 2,948,207 | |
IL Fin Auth - IL Inst of Tech | | 5.00 | % | 9/1/2036 | | Baa3 | | | 3,225 | | | | 3,605,937 | |
IL Fin Auth - Loyola Univ Chicago | | 5.00 | % | 7/1/2025 | | A+ | | | 8,620 | | | | 9,304,945 | |
IL Fin Auth - Noble Chtr Sch | | 5.00 | % | 9/1/2025 | | BBB | | | 1,500 | | | | 1,631,820 | |
IL Fin Auth - Univ Chicago | | 5.00 | % | 10/1/2030 | | Aa2 | | | 8,000 | | | | 9,296,480 | |
MA DFA - Emerson Clg | | 5.00 | % | 1/1/2026 | | BBB+ | | | 5,135 | | | | 5,792,999 | |
MA DFA - Emerson Clg | | 5.00 | % | 1/1/2027 | | BBB+ | | | 2,700 | | | | 3,033,180 | |
MA DFA - Emerson Clg | | 5.00 | % | 1/1/2028 | | BBB+ | | | 1,810 | | | | 2,027,218 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Education (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
MA DFA - Emmanuel College | | 5.00 | % | 10/1/2032 | | Baa2 | | $ | 5,000 | | | $ | 5,646,050 | |
Marietta Dev Auth - Life Univ† | | 5.00 | % | 11/1/2037 | | Ba3 | | | 1,500 | | | | 1,540,635 | |
NC Cap Facs - High Point Univ | | 5.00 | % | 5/1/2032 | | A- | | | 2,500 | | | | 2,563,950 | |
Nova Southeastern Univ | | 5.00 | % | 4/1/2037 | | A- | | | 5,000 | | | | 5,867,100 | |
Nova Southeastern Univ | | 5.00 | % | 4/1/2038 | | A- | | | 2,500 | | | | 2,925,750 | |
NV Dept of Bus & Ind - Somerset Academy† | | 4.50 | % | 12/15/2029 | | BB | | | 710 | | | | 720,962 | |
NV Dept of Bus & Ind - Somerset Academy† | | 5.00 | % | 12/15/2038 | | BB | | | 1,000 | | | | 1,008,520 | |
NY Dorm - Mt Sinai Sch Med | | 5.00 | % | 7/1/2026 | | A- | | | 5,000 | | | | 5,761,650 | |
NY Dorm - Mt Sinai Sch Med | | 5.00 | % | 7/1/2027 | | A- | | | 10,000 | | | | 11,507,300 | |
NY Dorm - Pace Univ | | 5.00 | % | 5/1/2021 | | BBB- | | | 1,845 | | | | 1,897,140 | |
NY Dorm - Pace Univ | | 5.00 | % | 5/1/2023 | | BBB- | | | 980 | | | | 1,073,629 | |
NY Dorm - Pace Univ | | 5.00 | % | 5/1/2026 | | BBB- | | | 980 | | | | 1,058,861 | |
NY Dorm - PIT | | 4.00 | % | 2/15/2034 | | AA+ | | | 5,000 | | | | 5,700,250 | |
NY Dorm - SUNY | | 5.00 | % | 7/1/2026 | | Aa3 | | | 2,000 | | | | 2,371,960 | |
NY Dorm - SUNY | | 5.00 | % | 7/1/2027 | | Aa3 | | | 500 | | | | 588,885 | |
NY Dorm - SUNY | | 5.00 | % | 7/1/2027 | | Aa3 | | | 4,880 | | | | 5,766,452 | |
NY Dorm - SUNY | | 5.00 | % | 7/1/2028 | | Aa3 | | | 4,110 | | | | 4,846,142 | |
NY Dorm - SUNY | | 5.00 | % | 7/1/2029 | | Aa3 | | | 2,750 | | | | 3,225,750 | |
Penn State Univ | | 5.00 | % | 9/1/2037 | | Aa1 | | | 2,545 | | | | 3,335,833 | |
Pima IDA - American Leadership Acad† | | 4.75 | % | 6/15/2037 | | NR | | | 4,500 | | | | 4,427,865 | |
Private Clgs & Univs Auth - SCAD | | 5.00 | % | 4/1/2029 | | A3 | | | 1,500 | | | | 1,681,425 | |
Private Clgs & Univs Auth - SCAD | | 5.00 | % | 4/1/2031 | | A3 | | | 1,360 | | | | 1,514,591 | |
Troy Cap Res Corp - RPI | | 5.00 | % | 8/1/2024 | | A3 | | | 1,000 | | | | 1,131,860 | |
Troy Cap Res Corp - RPI | | 5.00 | % | 8/1/2025 | | A3 | | | 2,630 | | | | 3,040,490 | |
Troy Cap Res Corp - RPI | | 5.00 | % | 8/1/2026 | | A3 | | | 1,000 | | | | 1,163,640 | |
Troy Cap Res Corp - RPI | | 5.00 | % | 8/1/2027 | | A3 | | | 1,600 | | | | 1,852,800 | |
Univ of Connecticut | | 5.00 | % | 11/1/2032 | | A+ | | | 3,740 | | | | 4,710,717 | |
Univ of CT | | 5.00 | % | 4/15/2031 | | A+ | | | 8,605 | | | | 10,803,578 | |
Univ of CT | | 5.00 | % | 4/15/2035 | | A+ | | | 5,350 | | | | 6,592,805 | |
Univ of Houston | | 5.00 | % | 2/15/2029 | | AA | | | 10,280 | | | | 12,515,797 | |
Univ of Illinois (AGM) | | 4.00 | % | 4/1/2033 | | AA | | | 4,905 | | | | 5,513,416 | |
Univ of Illinois (AGM) | | 4.00 | % | 4/1/2034 | | AA | | | 5,100 | | | | 5,714,040 | |
Univ of North Carolina - Wilmington | | 5.00 | % | 6/1/2023 | | A1 | | | 2,435 | | | | 2,688,070 | |
Univ of North Carolina - Wilmington | | 5.00 | % | 6/1/2024 | | A1 | | | 2,560 | | | | 2,906,598 | |
VA Clg Bldg Auth | | 4.00 | % | 9/1/2035 | | AA+ | | | 8,795 | | | | 10,220,318 | |
Wayne State Univ | | 4.00 | % | 11/15/2034 | | Aa3 | | | 3,900 | | | | 4,349,163 | |
Total | | | | | | | | | | | | | 239,063,943 | |
| | | | | | | | | | | | | | |
Energy 0.50% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
PEFA Gas | | 5.00 | %#(a) | 9/1/2049 | | A3 | | | 22,000 | | | | 26,577,100 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Financial Services 0.52% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Berks Co IDA - Tower Hlth | | 4.00 | % | 11/1/2031 | | BBB+ | | $ | 2,280 | | | $ | 2,402,983 | |
Berks Co IDA - Tower Hlth | | 5.00 | % | 11/1/2030 | | BBB+ | | | 1,315 | | | | 1,531,830 | |
MA Ed Fin Auth AMT | | 3.625 | % | 7/1/2034 | | AA | | | 15,000 | | | | 15,410,700 | |
NJ Higher Ed Assistance Auth AMT | | 3.75 | % | 12/1/2030 | | Aaa | | | 2,350 | | | | 2,470,156 | |
NJ Higher Ed Assistance Auth AMT | | 4.00 | % | 12/1/2032 | | Aaa | | | 2,690 | | | | 2,876,471 | |
NJ Higher Ed Assistance Auth AMT | | 4.00 | % | 12/1/2034 | | Aaa | | | 2,400 | | | | 2,547,384 | |
Total | | | | | | | | | | | | | 27,239,524 | |
| | | | | | | | | | | | | | |
General Obligation 17.73% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Barrington SD(b) | | 4.00 | % | 12/1/2036 | | AAA | | | 2,650 | | | | 3,088,999 | |
Barrington SD(b) | | 4.00 | % | 12/1/2038 | | AAA | | | 6,315 | | | | 7,302,729 | |
Barrington SD(b) | | 4.00 | % | 12/1/2039 | | AAA | | | 2,000 | | | | 2,306,940 | |
Bellwood GO | | 5.875 | % | 12/1/2027 | | A | | | 5,000 | | | | 5,492,850 | |
Bellwood GO | | 6.15 | % | 12/1/2032 | | A | | | 3,770 | | | | 4,126,529 | |
CA State GO | | 0.888% (1 Mo. LIBOR * .70 + .76 | %)# | 12/1/2031 | | Aa2 | | | 5,000 | | | | 4,998,600 | |
CA State GO | | 3.00 | % | 10/1/2033 | | Aa2 | | | 14,150 | | | | 15,710,179 | |
CA State GO | | 4.00 | % | 3/1/2036 | | Aa2 | | | 21,330 | | | | 25,896,326 | |
CA State GO | | 4.00 | % | 10/1/2036 | | Aa2 | | | 5,000 | | | | 6,013,450 | |
CA State GO | | 4.00 | % | 3/1/2046 | | Aa2 | | | 3,500 | | | | 4,123,105 | |
CA State GO | | 5.00 | % | 10/1/2027 | | Aa2 | | | 10,000 | | | | 11,149,500 | |
CA State GO | | 5.00 | % | 9/1/2030 | | Aa2 | | | 10,000 | | | | 12,056,200 | |
CA State GO | | 5.00 | % | 4/1/2032 | | Aa2 | | | 13,850 | | | | 19,674,479 | |
CA State GO (AGM) | | 5.25 | % | 8/1/2032 | | AA | | | 20,000 | | | | 28,258,400 | |
Chabot/Las Positas CCD | | 5.00 | % | 8/1/2023 | | AA | | | 3,000 | | | | 3,433,950 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2029 | | BB- | | | 3,000 | | | | 3,293,250 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2030 | | BB- | | | 3,500 | | | | 3,870,020 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2030 | | BB- | | | 5,100 | | | | 5,590,212 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2031 | | BB- | | | 1,500 | | | | 1,636,350 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2031 | | BB- | | | 3,100 | | | | 3,106,789 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2032 | | BB- | | | 4,845 | | | | 5,252,125 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2033 | | BB- | | | 900 | | | | 971,415 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2034 | | BB- | | | 475 | | | | 511,057 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2035 | | BB- | | | 450 | | | | 482,238 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2046 | | BB- | | | 7,500 | | | | 7,896,300 | |
Chicago Brd Ed† | | 6.75 | % | 12/1/2030 | | BB- | | | 5,000 | | | | 6,070,650 | |
Chicago Brd Ed (AGM) | | 5.00 | % | 12/1/2027 | | AA | | | 2,860 | | | | 3,324,292 | |
Chicago GO | | 5.00 | % | 1/1/2022 | | BBB+ | | | 7,770 | | | | 7,899,914 | |
Chicago GO | | 5.00 | % | 1/1/2024 | | BBB+ | | | 15,000 | | | | 15,843,300 | |
Chicago GO | | 5.00 | % | 1/1/2025 | | BBB+ | | | 7,000 | | | | 7,475,440 | |
Chicago GO | | 5.00 | % | 1/1/2028 | | BBB+ | | | 6,900 | | | | 7,572,543 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
General Obligation (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Chicago GO | | 5.00 | % | 1/1/2029 | | BBB+ | | $ | 7,750 | | | $ | 8,574,057 | |
Chicago GO | | 5.00 | % | 1/1/2030 | | BBB+ | | | 2,000 | | | | 2,230,360 | |
Chicago GO | | 5.00 | % | 1/1/2031 | | BBB+ | | | 2,210 | | | | 2,365,341 | |
Chicago GO | | 5.00 | % | 1/1/2034 | | BBB+ | | | 7,625 | | | | 8,003,505 | |
Chicago GO | | 5.125 | % | 1/1/2027 | | BBB+ | | | 3,100 | | | | 3,312,784 | |
Chicago GO | | 5.25 | % | 1/1/2028 | | BBB+ | | | 3,845 | | | | 4,117,803 | |
Chicago GO | | 5.50 | % | 1/1/2037 | | BBB+ | | | 1,250 | | | | 1,335,213 | |
Chicago GO | | 5.50 | % | 1/1/2049 | | BBB+ | | | 3,750 | | | | 4,115,025 | |
Chicago GO | | 5.625 | % | 1/1/2030 | | BBB+ | | | 1,835 | | | | 2,084,010 | |
Chicago GO | | 5.75 | % | 1/1/2033 | | BBB+ | | | 7,000 | | | | 7,926,590 | |
Chicago GO | | 6.00 | % | 1/1/2038 | | BBB+ | | | 12,840 | | | | 14,516,262 | |
Chicago GO (NPFGC)(FGIC) | | Zero Coupon | | 1/1/2031 | | BBB+ | | | 1,510 | | | | 963,591 | |
Chicago Met Water Reclmtn Dist | | 5.00 | % | 12/1/2027 | | AA+ | | | 4,600 | | | | 5,567,610 | |
Chicago Met Water Reclmtn Dist | | 5.00 | % | 12/1/2028 | | AA+ | | | 6,715 | | | | 8,104,669 | |
Chicago Met Water Reclmtn Dist | | 5.25 | % | 12/1/2034 | | AA+ | | | 10,465 | | | | 15,300,144 | |
City of Schaumburg | | 3.00 | % | 12/1/2031 | | AAA | | | 1,300 | | | | 1,383,707 | |
City of Skokie | | 3.00 | % | 12/1/2029 | | Aa2 | | | 1,080 | | | | 1,202,429 | |
Clackamas Co Sch Dist - North Clackamas | | 5.00 | % | 6/15/2025 | | AA+ | | | 1,450 | | | | 1,708,579 | |
Clark Co GO | | 4.00 | % | 6/1/2037 | | AA+ | | | 6,890 | | | | 8,035,256 | |
Clark Co GO | | 5.00 | % | 11/1/2027 | | AA+ | | | 10,775 | | | | 12,843,369 | |
Clark Co Sch Dist (AGM) | | 3.00 | % | 6/15/2037 | | AA | | | 12,195 | | | | 12,812,433 | |
Clark Co SD (AGM) | | 4.00 | % | 6/15/2036 | | AA | | | 1,250 | | | | 1,466,413 | |
Clark Co SD (AGM) | | 5.00 | % | 6/15/2028 | | AA | | | 1,000 | | | | 1,278,200 | |
Clark Co SD (AGM) | | 5.00 | % | 6/15/2029 | | AA | | | 1,750 | | | | 2,283,382 | |
Clark Co SD (AGM) | | 5.00 | % | 6/15/2031 | | AA | | | 650 | | | | 857,292 | |
Clark Co SD (AGM) | | 5.00 | % | 6/15/2033 | | AA | | | 1,380 | | | | 1,793,407 | |
Cook Co GO | | 5.00 | % | 11/15/2020 | | A+ | | | 5,000 | | | | 5,044,150 | |
Cook Co GO | | 5.00 | % | 11/15/2021 | | A+ | | | 5,000 | | | | 5,144,550 | |
Cook Co GO | | 5.00 | % | 11/15/2025 | | A+ | | | 6,000 | | | | 6,342,780 | |
Cook Co GO | | 5.25 | % | 11/15/2023 | | A+ | | | 10,510 | | | | 10,931,871 | |
CT State GO | | 4.00 | % | 1/15/2034 | | A1 | | | 7,230 | | | | 8,482,019 | |
CT State GO | | 4.00 | % | 4/15/2037 | | A1 | | | 1,825 | | | | 2,087,179 | |
CT State GO | | 4.00 | % | 6/15/2037 | | A1 | | | 775 | | | | 881,702 | |
CT State GO | | 5.00 | % | 10/15/2028 | | A1 | | | 12,500 | | | | 15,344,875 | |
CT State GO | | 5.00 | % | 1/15/2030 | | A1 | | | 12,500 | | | | 16,222,750 | |
CT State GO | | 5.00 | % | 6/15/2032 | | A1 | | | 2,000 | | | | 2,483,860 | |
CT State GO | | 5.00 | % | 11/15/2033 | | A1 | | | 3,000 | | | | 3,534,510 | |
CT State GO | | 5.00 | % | 6/15/2034 | | A1 | | | 1,100 | | | | 1,354,958 | |
CT State GO | | 5.00 | % | 6/15/2035 | | A1 | | | 1,125 | | | | 1,380,364 | |
CT State GO | | 5.00 | % | 4/15/2036 | | A1 | | | 1,150 | | | | 1,425,943 | |
Deforest Sch Dist | | 3.00 | % | 4/1/2038 | | AA+ | | | 4,000 | | | | 4,309,000 | |
Eaton Area Pk & Rec Dist | | 5.50 | % | 12/1/2030 | | NR | | | 240 | | | | 248,700 | |
Fresno USD (NPFGC)(FGIC) | | 5.25 | % | 2/1/2024 | | A+ | | | 3,285 | | | | 3,797,131 | |
Geneva USD | | 5.00 | % | 1/1/2028 | | AA+ | | | 1,125 | | | | 1,425,713 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
General Obligation (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Geneva USD | | 5.00 | % | 1/1/2029 | | AA+ | | $ | 2,200 | | | $ | 2,782,186 | |
Geneva USD | | 5.00 | % | 1/1/2030 | | AA+ | | | 1,400 | | | | 1,762,068 | |
HI State GO | | 5.00 | % | 8/1/2026 | | AA+ | | | 7,590 | | | | 8,939,122 | |
Hinsdale GO | | 4.00 | % | 1/15/2037 | | AAA | | | 6,065 | | | | 7,079,432 | |
Houston GO | | 5.00 | % | 3/1/2024 | | AA | | | 2,000 | | | | 2,324,000 | |
Howard Co GO | | 3.00 | % | 8/15/2036 | | AAA | | | 1,910 | | | | 2,078,749 | |
Howard Co GO | | 3.00 | % | 8/15/2037 | | AAA | | | 2,255 | | | | 2,446,630 | |
Howard Co GO | | 3.00 | % | 8/15/2038 | | AAA | | | 1,500 | | | | 1,622,850 | |
IL State GO | | 5.00 | % | 7/1/2022 | | BBB- | | | 6,500 | | | | 6,766,890 | |
IL State GO | | 5.00 | % | 8/1/2023 | | BBB- | | | 5,350 | | | | 5,657,464 | |
IL State GO | | 5.00 | % | 8/1/2024 | | BBB- | | | 14,565 | | | | 15,101,575 | |
IL State GO | | 5.00 | % | 11/1/2027 | | BBB- | | | 5,000 | | | | 5,432,500 | |
IL State GO | | 5.00 | % | 2/1/2028 | | BBB- | | | 13,620 | | | | 14,746,646 | |
IL State GO | | 5.00 | % | 11/1/2029 | | BBB- | | | 2,800 | | | | 2,998,716 | |
IL State GO | | 5.00 | % | 10/1/2032 | | BBB- | | | 8,300 | | | | 8,915,445 | |
IL State GO | | 5.00 | % | 10/1/2033 | | BBB- | | | 5,000 | | | | 5,366,150 | |
IL State GO | | 5.25 | % | 5/1/2023 | | BBB- | | | 5,000 | | | | 5,300,500 | |
IL State GO | | 5.25 | % | 7/1/2030 | | BBB- | | | 5,430 | | | | 5,644,322 | |
IL State GO | | 5.25 | % | 2/1/2034 | | BBB- | | | 3,295 | | | | 3,436,619 | |
IL State GO | | 5.50 | % | 5/1/2030 | | BBB- | | | 3,395 | | | | 3,876,547 | |
IL State GO | | 5.50 | % | 7/1/2038 | | BBB- | | | 5,000 | | | | 5,231,050 | |
IL State GO | | 5.50 | % | 5/1/2039 | | BBB- | | | 11,000 | | | | 12,396,340 | |
LA State GO | | 5.00 | % | 5/1/2028 | | AA- | | | 11,180 | | | | 13,237,344 | |
LA State GO | | 5.00 | % | 3/1/2031 | | AA- | | | 5,000 | | | | 6,473,650 | |
Lake Cnty IL Sch Dist #113 | | 4.00 | % | 1/1/2032 | | Aaa | | | 4,130 | | | | 4,952,489 | |
Lake Co GO | | 3.50 | % | 11/30/2031 | | AAA | | | 1,825 | | | | 1,969,887 | |
Lane Co Sch Dist #4J | | 4.00 | % | 6/15/2034 | | Aa1 | | | 9,000 | | | | 9,950,850 | |
Lubbock GO | | 5.00 | % | 2/15/2026 | | AA+ | | | 11,810 | | | | 14,121,807 | |
Luzerne Co GO (AGM) | | 5.00 | % | 11/15/2022 | | AA | | | 2,250 | | | | 2,480,400 | |
Luzerne Co GO (AGM) | | 5.00 | % | 11/15/2023 | | AA | | | 2,500 | | | | 2,845,225 | |
Luzerne Co GO (AGM) | | 5.00 | % | 11/15/2024 | | AA | | | 4,000 | | | | 4,693,000 | |
Memphis TN GO | | 4.00 | % | 5/1/2038 | | AA | | | 6,395 | | | | 7,481,702 | |
MI Strategic Fund - I-75 AMT (AGM) | | 4.25 | % | 12/31/2038 | | AA | | | 2,500 | | | | 2,762,500 | |
Miami-Dade Co GO | | 5.00 | % | 7/1/2038 | | AA | | | 4,830 | | | | 6,247,025 | |
MS State GO | | 3.00 | % | 10/1/2034 | | AA | | | 6,650 | | | | 7,339,804 | |
Nassau Co GO (AGM) | | 5.00 | % | 1/1/2026 | | AA | | | 10,000 | | | | 12,184,600 | |
NJ State GO | | 5.00 | % | 6/1/2027 | | A- | | | 3,650 | | | | 4,498,552 | |
NJ State GO | | 5.00 | % | 6/1/2029 | | A- | | | 5,000 | | | | 6,083,600 | |
NV State GO | | 5.00 | % | 11/1/2026 | | AA+ | | | 7,500 | | | | 9,069,975 | |
NY Dorm - Sch Dist (AGM) | | 5.00 | % | 10/1/2023 | | AA | | | 2,500 | | | | 2,838,925 | |
NY Dorm - Sch Dist (AGM) | | 5.00 | % | 10/1/2031 | | AA | | | 5,370 | | | | 6,831,929 | |
NYC GO | | 5.00 | % | 10/1/2021 | | Aa1 | | | 6,000 | | | | 6,342,240 | |
NYC GO | | 5.00 | % | 8/1/2022 | | Aa1 | | | 10,010 | | | | 10,503,593 | |
NYC GO | | 5.00 | % | 8/1/2025 | | Aa1 | | | 12,000 | | | | 13,545,960 | |
NYC GO | | 5.00 | % | 8/1/2026 | | Aa1 | | | 5,235 | | | | 5,584,960 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
General Obligation (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
NYC GO | | 5.00 | % | 8/1/2032 | | Aa1 | | $ | 1,750 | | | $ | 2,234,680 | |
NYC GO | | 5.00 | % | 10/1/2032 | | Aa1 | | | 3,500 | | | | 4,534,670 | |
NYC GO | | 5.00 | % | 10/1/2033 | | Aa1 | | | 4,500 | | | | 5,798,610 | |
NYC GO | | 5.00 | % | 12/1/2041 | | Aa1 | | | 14,000 | | | | 16,662,240 | |
PA State GO | | 4.00 | % | 3/1/2035 | | Aa3 | | | 12,500 | | | | 14,652,750 | |
PA State GO | | 4.00 | % | 3/1/2038 | | Aa3 | | | 8,020 | | | | 9,309,776 | |
PA State GO | | 5.00 | % | 1/15/2028 | | Aa3 | | | 10,000 | | | | 12,549,400 | |
Peralta CCD | | 5.00 | % | 8/1/2021 | | AA- | | | 3,000 | | | | 3,154,020 | |
Perris UHSD (AGM) | | 4.00 | % | 9/1/2037 | | AA | | | 2,000 | | | | 2,339,080 | |
Perris UHSD (AGM) | | 4.00 | % | 9/1/2039 | | AA | | | 5,050 | | | | 5,826,084 | |
Perris UHSD (AGM) | | 4.00 | % | 9/1/2040 | | AA | | | 1,935 | | | | 2,209,054 | |
Philadelphia GO | | 5.00 | % | 2/1/2030 | | A | | | 2,750 | | | | 3,626,892 | |
Philadelphia GO | | 5.00 | % | 2/1/2031 | | A | | | 2,500 | | | | 3,237,200 | |
Philadelphia GO | | 5.00 | % | 2/1/2032 | | A | | | 1,750 | | | | 2,250,360 | |
Philadelphia GO | | 5.00 | % | 2/1/2033 | | A | | | 2,500 | | | | 3,193,250 | |
Philadelphia Sch Dist | | 5.00 | % | 9/1/2026 | | A2 | | | 500 | | | | 611,475 | |
Philadelphia Sch Dist | | 5.00 | % | 9/1/2027 | | A2 | | | 600 | | | | 751,008 | |
Philadelphia Sch Dist | | 5.00 | % | 9/1/2028 | | A2 | | | 500 | | | | 640,235 | |
Philadelphia Sch Dist | | 5.00 | % | 9/1/2030 | | A2 | | | 2,500 | | | | 3,217,325 | |
Philadelphia Sch Dist | | 5.00 | % | 9/1/2031 | | A2 | | | 2,500 | | | | 3,196,625 | |
Philadelphia Sch Dist | | 5.00 | % | 9/1/2032 | | A2 | | | 3,200 | | | | 4,061,952 | |
Philadelphia Sch Dist (AGM) | | 5.00 | % | 6/1/2030 | | AA | | | 5,000 | | | | 6,014,500 | |
Philadelphia Sch Dist (AGM) | | 5.00 | % | 6/1/2031 | | AA | | | 5,000 | | | | 5,984,200 | |
PR Comwlth GO(d) | | 5.00 | % | 7/1/2041 | | Ca | | | 1,250 | | | | 787,500 | |
PR Comwlth GO (AGM) | | 5.00 | % | 7/1/2035 | | AA | | | 2,115 | | | | 2,140,951 | |
PR Comwlth GO (AGM) | | 5.25 | % | 7/1/2024 | | AA | | | 855 | | | | 881,873 | |
PR Comwlth GO TCRS (AMBAC) | | 4.50 | % | 7/1/2023 | | Ca | | | 1,285 | | | | 1,286,491 | |
PR Pub Bldg Auth GTD (AMBAC) | | 10.00 | %#(a) | 7/1/2035 | | Ca | | | 4,245 | | | | 4,506,195 | |
Reedy Creek Impt Dist GO | | 4.00 | % | 6/1/2031 | | AA- | | | 2,240 | | | | 2,633,882 | |
RI State GO | | 5.00 | % | 8/1/2029 | | AA | | | 7,500 | | | | 9,481,200 | |
Romeoville GO | | 4.00 | % | 12/30/2036 | | Aa2 | | | 4,725 | | | | 5,467,723 | |
Romeoville GO | | 4.00 | % | 12/30/2037 | | Aa2 | | | 3,800 | | | | 4,384,022 | |
VT EDA - Casella Waste AMT† | | 4.625 | %#(a) | 4/1/2036 | | B | | | 750 | | | | 812,648 | (e) |
WA State GO | | 5.00 | % | 8/1/2022 | | Aaa | | | 14,245 | | | | 14,982,464 | |
Wake Co Ltd Ob | | 4.00 | % | 12/1/2031 | | AA+ | | | 5,000 | | | | 5,819,000 | |
Williamson Co GO | | 3.00 | % | 2/15/2034 | | AAA | | | 13,400 | | | | 14,825,224 | |
Total | | | | | | | | | | | | | 935,061,994 | |
| | | | | | | | | | | | | | |
Health Care 13.97% | | | | | | | | | | | | | | |
Alachua Co Hlth - East Ridge Ret Vlg | | 5.00 | % | 11/15/2024 | | B- | (c) | | 3,690 | | | | 3,379,560 | |
Alachua Co Hlth - East Ridge Ret Vlg | | 5.625 | % | 11/15/2029 | | B- | (c) | | 1,000 | | | | 857,790 | |
Allegheny Co Hosp Auth - UPMC | | 4.00 | % | 7/15/2038 | | A | | | 3,750 | | | | 4,207,837 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Allegheny County Health Network | | 5.00 | % | 4/1/2030 | | A | | $ | 4,750 | | | $ | 5,827,395 | |
Allegheny County Health Network | | 5.00 | % | 4/1/2031 | | A | | | 6,000 | | | | 7,311,780 | |
Antelope Valley Hlth | | 5.00 | % | 3/1/2031 | | Ba3 | | | 7,000 | | | | 7,435,470 | |
AR DFA - Baptist Mem Hlth | | 1.68% (MUNIPSA * 1 + 1.55 | %)# | 9/1/2044 | | BBB+ | | | 12,000 | | | | 11,895,240 | |
Atlantic Beach Hlth Facs - Fleet Landing | | 5.00 | % | 11/15/2028 | | BBB | (c) | | 2,020 | | | | 2,108,900 | |
AZ Hlth Facs - Phoenix Childrens Hsp | | 5.00 | % | 2/1/2030 | | A1 | | | 6,000 | | | | 6,319,860 | |
Blaine Sr Hsg & Hlthcare - Crest View | | 5.125 | % | 7/1/2025 | | NR | | | 3,075 | | | | 2,894,528 | |
CA Hlth - Childrens Hsp Los Angeles | | 5.00 | % | 11/15/2022 | | BBB+ | | | 1,540 | | | | 1,683,944 | |
CA Hlth - Childrens Hsp Los Angeles | | 5.00 | % | 11/15/2023 | | BBB+ | | | 1,000 | | | | 1,092,060 | |
CA Hlth - Childrens Hsp Los Angeles | | 5.00 | % | 11/15/2024 | | BBB+ | | | 2,000 | | | | 2,179,780 | |
CA Hlth - Childrens Hsp Los Angeles | | 5.00 | % | 11/15/2025 | | BBB+ | | | 4,880 | | | | 5,293,873 | |
CA Hlth - Childrens Hsp Los Angeles | | 5.00 | % | 11/15/2026 | | BBB+ | | | 3,705 | | | | 4,009,366 | |
CA Hlth - Childrens Hsp Los Angeles | | 5.00 | % | 11/15/2029 | | BBB+ | | | 1,300 | | | | 1,397,812 | |
CA Hlth - Lucile Packard Childrens Hsp | | 5.00 | % | 8/15/2032 | | A+ | | | 1,250 | | | | 1,492,388 | |
CA Hlth - Sutter Hlth | | 5.00 | % | 11/15/2032 | | A+ | | | 2,000 | | | | 2,481,040 | |
CA Hlth - Sutter Hlth | | 5.00 | % | 11/15/2033 | | A+ | | | 2,450 | | | | 3,026,754 | |
CA Hlth - Sutter Hlth | | 5.00 | % | 11/15/2034 | | A+ | | | 3,350 | | | | 4,126,798 | |
CA Hlth Facs - Cedars-Sinai Med Ctr | | 5.00 | % | 11/15/2026 | | Aa3 | | | 5,000 | | | | 6,095,850 | |
CA Muni Fin - Cmnty Med Ctrs | | 5.00 | % | 2/1/2030 | | A- | | | 3,305 | | | | 3,756,926 | |
CA Stwde - Loma Linda Univ Med Ctr† | | 5.00 | % | 12/1/2033 | | BB- | | | 1,000 | | | | 1,093,330 | |
CA Stwde - Loma Linda Univ Med Ctr† | | 5.25 | % | 12/1/2038 | | BB- | | | 1,500 | | | | 1,645,590 | |
Camden Co Impt Auth - Cooper Hlth | | 5.00 | % | 2/15/2023 | | BBB+ | | | 3,000 | | | | 3,276,090 | |
Camden Co Impt Auth - Cooper Hlth | | 5.00 | % | 2/15/2024 | | BBB+ | | | 3,730 | | | | 4,191,550 | |
Camden Co Impt Auth - Cooper Hlth | | 5.00 | % | 2/15/2025 | | BBB+ | | | 1,250 | | | | 1,391,975 | |
Camden Co Impt Auth - Cooper Hlth | | 5.00 | % | 2/15/2027 | | BBB+ | | | 1,000 | | | | 1,104,970 | |
City of Oroville- Oroville Hsp | | 5.25 | % | 4/1/2034 | | BB | | | 2,300 | | | | 2,504,217 | |
Clarke Co Hsp - Piedmont Hlth | | 5.00 | % | 7/1/2029 | | AA- | | | 7,090 | | | | 8,497,578 | |
Clarke Co Hsp - Piedmont Hlth | | 5.00 | % | 7/1/2030 | | AA- | | | 4,500 | | | | 5,384,565 | |
CO Hlth Fac Auth - CommonSpirit | | 4.00 | % | 8/1/2039 | | BBB+ | | | 2,500 | | | | 2,730,450 | |
CO Hlth Facs - Valley View Hosp | | 2.80 | %#(a) | 5/15/2042 | | A- | | | 2,380 | | | | 2,491,027 | |
CO Hlth Facs Auth - Commonspirit | | 5.00 | % | 8/1/2031 | | BBB+ | | | 3,000 | | | | 3,686,700 | |
CO Hlth Facs- Adventhealth Obligated | | 4.00 | % | 11/15/2043 | | AA | | | 6,715 | | | | 7,544,437 | |
CT Hlth & Ed - Griffin Hosp† | | 5.00 | % | 7/1/2032 | | BB+ | | | 370 | | | | 423,121 | |
CT Hlth & Ed - Griffin Hosp† | | 5.00 | % | 7/1/2034 | | BB+ | | | 225 | | | | 253,193 | |
CT Hlth & Ed - Griffin Hosp† | | 5.00 | % | 7/1/2039 | | BB+ | | | 1,000 | | | | 1,088,490 | |
CT Hlth & Ed - Trinity Hlth Corp | | 5.00 | % | 12/1/2041 | | AA- | | | 5,150 | | | | 5,999,904 | |
CT Hlth & Ed Fac Auth - Nuvance Hlt | | 4.00 | % | 7/1/2034 | | A- | | | 1,750 | | | | 1,925,700 | |
CT Hlth & Ed Fac Auth - Nuvance Hlt | | 4.00 | % | 7/1/2035 | | A- | | | 2,500 | | | | 2,738,750 | |
CT Hlth & Ed Fac Auth - Nuvance Hlt | | 5.00 | % | 7/1/2028 | | A- | | | 5,000 | | | | 6,133,450 | |
CT Hlth & Ed Fac Auth - Nuvance Hlt | | 5.00 | % | 7/1/2029 | | A- | | | 5,250 | | | | 6,544,177 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Cuyahoga Co Hsp - Metrohealth | | 5.00 | % | 2/15/2037 | | BBB- | | $ | 5,000 | | | $ | 5,565,700 | |
DC Hsp - Childrens Ntl Hsp | | 5.00 | % | 7/15/2026 | | A1 | | | 1,700 | | | | 2,028,695 | |
Decatur Hsp - Wise Hlth | | 5.00 | % | 9/1/2034 | | BBB- | | | 4,825 | | | | 5,262,434 | |
Decatur Hsp - Wise Hlth | | 5.25 | % | 9/1/2029 | | BBB- | | | 800 | | | | 895,640 | |
Duluth EDA - St Lukes Hsp | | 5.75 | % | 6/15/2032 | | NR | | | 4,250 | | | | 4,517,410 | |
Eisenhower Med Ctr | | 5.00 | % | 7/1/2029 | | Baa2 | | | 900 | | | | 1,081,116 | |
Eisenhower Med Ctr | | 5.00 | % | 7/1/2031 | | Baa2 | | | 1,500 | | | | 1,786,395 | |
Eisenhower Med Ctr | | 5.00 | % | 7/1/2033 | | Baa2 | | | 1,000 | | | | 1,171,710 | |
Fairfax Co EDA - Vinson Hall | | 4.50 | % | 12/1/2032 | | BBB+ | (c) | | 2,500 | | | | 2,548,250 | |
Franklin Co IDA - Menno-Haven | | 5.00 | % | 12/1/2031 | | NR | | | 1,000 | | | | 999,090 | |
Franklin Co IDA - Menno-Haven | | 5.00 | % | 12/1/2033 | | NR | | | 1,000 | | | | 990,330 | |
Franklin Co IDA - Menno-Haven | | 5.00 | % | 12/1/2038 | | NR | | | 1,000 | | | | 963,810 | |
Gainesville & Hall Co Hsp - NE GA Hlth | | 5.00 | % | 2/15/2033 | | A | | | 9,465 | | | | 11,951,455 | |
Geisinger Health | | 4.00 | % | 4/1/2039 | | AA- | | | 8,000 | | | | 9,204,640 | |
Geisinger Health | | 5.00 | %#(a) | 4/1/2043 | | AA- | | | 10,000 | | | | 12,907,800 | |
Glendale IDA - Beatitudes | | 5.00 | % | 11/15/2036 | | NR | | | 1,500 | | | | 1,513,710 | |
Greeneville Hlth - Ballad Hlth | | 5.00 | % | 7/1/2035 | | A- | | | 3,300 | | | | 3,870,570 | |
Greeneville Hlth - Ballad Hlth | | 5.00 | % | 7/1/2036 | | A- | | | 3,000 | | | | 3,505,350 | |
Greeneville Hlth - Ballad Hlth | | 5.00 | % | 7/1/2037 | | A- | | | 10,000 | | | | 11,650,600 | |
Guadalupe Co - Seguin City Hospital | | 5.25 | % | 12/1/2035 | | BB | | | 3,000 | | | | 3,302,490 | |
Harris Co Cultural Ed - Brazos | | 4.00 | % | 1/1/2023 | | BBB- | (c) | | 735 | | | | 739,645 | |
Harris Co Cultural Ed - Brazos | | 6.375 | % | 1/1/2033 | | BBB- | (c) | | 1,385 | | | | 1,463,793 | |
HI Dept Budget - Kahala Nui | | 5.00 | % | 11/15/2027 | | A | (c) | | 1,500 | | | | 1,633,560 | |
IA Fin Auth - Iowa Fertilizer Co | | 5.25 | %#(a) | 12/1/2050 | | BB- | | | 8,095 | | | | 8,447,861 | |
IL Fin Auth - Ascension Health | | 4.00 | % | 2/15/2033 | | AA+ | | | 5,000 | | | | 5,658,050 | |
IL Fin Auth - Centegra Hlth | | 5.00 | % | 9/1/2034 | | AA+ | | | 1,015 | | | | 1,145,001 | |
Il Fin Auth - Lutheran Life | | 5.00 | % | 11/1/2035 | | NR | | | 2,245 | | | | 2,256,494 | |
IL Fin Auth - Northshore Univ Hlth | | 5.00 | % | 8/15/2031 | | AA- | | | 2,000 | | | | 2,607,180 | |
IL Fin Auth - Northshore Univ Hlth | | 5.00 | % | 8/15/2033 | | AA- | | | 1,250 | | | | 1,603,700 | |
IL Fin Auth - Northwestern Mem Hlth | | 5.00 | % | 7/15/2029 | | AA+ | | | 1,000 | | | | 1,272,460 | |
IL Fin Auth - Plymouth Place | | 5.00 | % | 5/15/2030 | | BB+ | (c) | | 1,690 | | | | 1,722,786 | |
IL Fin Auth - Silver Cross Hsp | | 5.00 | % | 8/15/2035 | | Baa1 | | | 4,500 | | | | 5,039,820 | |
Jefferson Co Hlth - Norton Healthcare | | 4.00 | % | 10/1/2039 | | A | | | 1,185 | | | | 1,307,576 | |
Karnes Co Hsp Dist | | 5.00 | % | 2/1/2024 | | A | (c) | | 1,400 | | | | 1,510,810 | |
Karnes Co Hsp Dist | | 5.00 | % | 2/1/2034 | | A | (c) | | 1,000 | | | | 1,090,540 | |
Kirkwood IDA - Aberdeen Heights | | 5.25 | % | 5/15/2037 | | BB | (c) | | 2,000 | | | | 1,980,020 | |
KY EDFA - Masonic Homes | | 5.375 | % | 11/15/2032 | | NR | | | 2,385 | | | | 2,392,465 | |
KY EDFA - Owensboro Hlth | | 5.00 | % | 6/1/2029 | | Baa3 | | | 4,235 | | | | 4,696,615 | |
KY EDFA - Owensboro Hlth | | 5.00 | % | 6/1/2032 | | Baa3 | | | 6,000 | | | | 6,557,340 | |
Lee Memorial Hlth System | | 5.00 | % | 4/1/2036 | | A+ | | | 4,535 | | | | 5,478,189 | |
Lehigh Co - Lehigh Valley Health Network | | 5.00 | % | 7/1/2029 | | A+ | | | 4,300 | | | | 5,490,154 | |
MA DFA - Beth Israel Lahey Hlth | | 5.00 | % | 7/1/2034 | | A | | | 1,000 | | | | 1,228,920 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
MA DFA - Beth Israel Lahey Hlth | | 5.00 | % | 7/1/2036 | | A | | $ | 2,000 | | | $ | 2,436,840 | |
MA DFA - Atrius Hlth | | 5.00 | % | 6/1/2039 | | BBB | | | 1,250 | | | | 1,428,988 | |
MA DFA - Partners Hlthcare Sys | | 5.00 | % | 7/1/2030 | | AA- | | | 9,660 | | | | 11,968,257 | |
MA DFA - Wellforce Hlth | | 4.00 | % | 7/1/2035 | | BBB+ | | | 2,000 | | | | 2,151,780 | |
MA DFA - Wellforce Hlth | | 4.00 | % | 7/1/2037 | | BBB+ | | | 3,930 | | | | 4,182,738 | |
MA DFA - Wellforce Hlth | | 5.00 | % | 7/1/2038 | | BBB+ | | | 1,000 | | | | 1,156,200 | |
MA DFA - Wellforce Hlth | | 5.00 | % | 7/1/2039 | | BBB+ | | | 2,250 | | | | 2,585,678 | |
Maricopa Cnty AZ IDA - Banner Health | | 5.00 | % | 1/1/2028 | | AA- | | | 5,000 | | | | 6,255,150 | |
Maricopa Co IDA - Honor Health | | 5.00 | % | 9/1/2033 | | A2 | | | 500 | | | | 605,215 | |
Maricopa Co IDA - Honor Health | | 5.00 | % | 9/1/2034 | | A2 | | | 1,000 | | | | 1,207,050 | |
Maricopa Co IDA - Honor Health | | 5.00 | % | 9/1/2035 | | A2 | | | 1,000 | | | | 1,202,230 | |
Maricopa Co IDA - Honor Health | | 5.00 | % | 9/1/2036 | | A2 | | | 1,800 | | | | 2,155,950 | |
MD Hlth & Hi Ed - Mercy Med Ctr | | 5.00 | % | 7/1/2031 | | BBB+ | | | 1,100 | | | | 1,163,041 | |
ME Hlth & HI Ed - Mainegeneral Hlth | | 6.00 | % | 7/1/2026 | | Ba3 | | | 7,755 | | | | 7,994,397 | |
Meadville Med Center | | 6.00 | % | 6/1/2036 | | NR | | | 3,830 | | | | 4,260,798 | |
Met Nash/Davidson Hlth - Vanderbilt Med | | 5.00 | % | 7/1/2031 | | A3 | | | 1,300 | | | | 1,520,480 | |
MI Fin Auth - Crittenton Hospital | | 5.00 | % | 6/1/2022 | | NR | | | 2,960 | | | | 3,224,683 | |
MI Fin Auth - Crittenton Hospital | | 5.00 | % | 6/1/2027 | | NR | | | 7,250 | | | | 7,898,295 | |
MI Fin Auth - Trinity Health | | 4.00 | % | 12/1/2039 | | AA- | | | 7,065 | | | | 8,081,442 | |
MI Fin Auth - Trinity Health | | 5.00 | % | 12/1/2035 | | AA- | | | 5,000 | | | | 6,088,000 | |
Miami Beach Hlth - Mt Sinai Med Ctr | | 5.00 | % | 11/15/2030 | | Baa1 | | | 1,500 | | | | 1,667,070 | |
Miami Dade Co Hlth - Miami Childrens Hsp | | 5.125 | % | 8/1/2037 | | A | | | 12,150 | | | | 13,257,594 | |
Miami Dade Co Hlth - Miami Childrens Hsp | | 5.25 | % | 8/1/2042 | | A | | | 8,855 | | | | 9,692,772 | |
Montgomery Co IDA - Einstein Hlthcare | | 5.00 | % | 1/15/2024 | | Ba1 | | | 4,000 | | | | 4,347,840 | |
Montgomery Co IDA - Einstein Hlthcare | | 5.25 | % | 1/15/2026 | | Ba1 | | | 2,000 | | | | 2,207,260 | |
Montgomery Co IDA - Einstein Hlthcare | | 5.25 | % | 1/15/2028 | | Ba1 | | | 3,000 | | | | 3,270,180 | |
Montgomery Co IDA - Jefferson Hlth | | 4.00 | % | 9/1/2036 | | A | | | 1,350 | | | | 1,492,047 | |
Montgomery Co IDA - Jefferson Hlth | | 4.00 | % | 9/1/2038 | | A | | | 2,250 | | | | 2,471,063 | |
Montgomery Co IDA - Jefferson Hlth | | 4.00 | % | 9/1/2039 | | A | | | 4,140 | | | | 4,534,169 | |
Montgomery Co IDA - Whitemarsh | | 4.00 | % | 1/1/2023 | | NR | | | 2,705 | | | | 2,703,079 | |
Montgomery Co IDA - Whitemarsh | | 5.00 | % | 1/1/2030 | | NR | | | 2,000 | | | | 2,019,220 | |
Moon IDC - Baptist Homes Soc | | 5.00 | % | 7/1/2020 | | NR | | | 335 | | | | 335,000 | |
Moon IDC - Baptist Homes Soc | | 5.125 | % | 7/1/2025 | | NR | | | 4,600 | | | | 4,694,392 | |
Muskingum Co Hsp - Genesis Hlthcare | | 5.00 | % | 2/15/2033 | | BB+ | | | 10,500 | | | | 10,942,365 | |
Nassau Co LEAC - Winthrop Univ Hsp | | 5.00 | % | 7/1/2027 | | A3 | | | 3,000 | | | | 3,277,410 | |
NC Med - Lutheran Svcs | | 4.75 | % | 3/1/2032 | | NR | | | 2,550 | | | | 2,567,289 | |
NC Med - Southminster | | 5.00 | % | 10/1/2031 | | NR | | | 1,750 | | | | 1,784,650 | |
New Hope Cult Ed - Carillon | | 5.00 | % | 7/1/2036 | | NR | | | 1,250 | | | | 1,161,438 | |
New Hope Cult Ed Facs - Crestview | | 5.00 | % | 11/15/2031 | | BB+ | (c) | | 850 | | | | 855,942 | |
New Hope Ed Facs - Childrens Hlth | | 5.00 | % | 8/15/2026 | | Aa2 | | | 2,000 | | | | 2,468,500 | |
New Hope Ed Facs - Childrens Hlth | | 5.00 | % | 8/15/2028 | | Aa2 | | | 3,170 | | | | 4,002,981 | |
NJ Hlth - Hackensack Meridian Hlth | | 5.00 | % | 7/1/2028 | | AA- | | | 5,500 | | | | 6,820,495 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
NJ Hlth - St Josephs Hlth | | 5.00 | % | 7/1/2028 | | BBB- | | $ | 1,300 | | | $ | 1,511,588 | |
NJ Hlth - St Josephs Hlth | | 5.00 | % | 7/1/2029 | | BBB- | | | 1,605 | | | | 1,854,882 | |
NJ Hlth - St Josephs Hlth | | 5.00 | % | 7/1/2030 | | BBB- | | | 1,100 | | | | 1,263,867 | |
NJ Hlth - St Josephs Hlth | | 5.00 | % | 7/1/2031 | | BBB- | | | 1,110 | | | | 1,269,884 | |
NJ Hlth - St Peters Univ Hsp | | 5.25 | % | 7/1/2021 | | BB+ | | | 545 | | | | 546,161 | |
NJ Hlth - St Peters Univ Hsp | | 5.75 | % | 7/1/2037 | | BB+ | | | 6,500 | | | | 6,520,020 | |
NJ Hlth - St Peters Univ Hsp | | 6.00 | % | 7/1/2026 | | BB+ | | | 5,500 | | | | 5,677,485 | |
NJ Hlth - Univ Hosp (AGM) | | 5.00 | % | 7/1/2028 | | AA | | | 2,000 | | | | 2,248,740 | |
NJ Hlth Fin Auth - Valley Health | | 4.00 | % | 7/1/2036 | | A | | | 1,000 | | | | 1,120,290 | |
NJ Hlth Fin Auth - Valley Health | | 4.00 | % | 7/1/2037 | | A | | | 1,000 | | | | 1,114,890 | |
NJ Hlth Fin Auth - Valley Health | | 5.00 | % | 7/1/2029 | | A | | | 1,000 | | | | 1,265,330 | |
NM Hsp - Haverland | | 5.00 | % | 7/1/2032 | | BBB- | (c) | | 1,000 | | | | 1,009,070 | |
Norfolk EDA - Sentara Hlth | | 5.00 | %#(a) | 11/1/2048 | | AA | | | 5,500 | | | | 7,081,855 | |
NY Dorm - Catholic Hlth | | 4.00 | % | 7/1/2037 | | BBB | | | 1,100 | | | | 1,186,889 | |
NY Dorm - Catholic Hlth | | 4.00 | % | 7/1/2039 | | BBB | | | 1,000 | | | | 1,072,780 | |
NY Dorm - Catholic Hlth | | 4.00 | % | 7/1/2040 | | BBB | | | 850 | | | | 909,551 | |
NY Dorm - Catholic Hlth | | 5.00 | % | 7/1/2036 | | BBB | | | 1,625 | | | | 1,917,679 | |
NY Dorm - Montefiore | | 4.00 | % | 8/1/2036 | | BBB | | | 1,650 | | | | 1,785,762 | |
NY Dorm - Montefiore | | 4.00 | % | 9/1/2036 | | BBB | | | 1,005 | | | | 1,097,912 | |
NY Dorm - Montefiore | | 4.00 | % | 8/1/2037 | | BBB | | | 650 | | | | 702,364 | |
NY Dorm - Montefiore | | 4.00 | % | 8/1/2038 | | BBB | | | 900 | | | | 969,849 | |
NY Dorm - Montefiore | | 4.00 | % | 9/1/2038 | | BBB | | | 1,890 | | | | 2,057,775 | |
NY Dorm - Montefiore | | 4.00 | % | 9/1/2040 | | BBB | | | 800 | | | | 868,864 | |
NY Dorm - Montefiore | | 5.00 | % | 9/1/2031 | | BBB | | | 800 | | | | 962,912 | |
NY Dorm - Montefiore | | 5.00 | % | 9/1/2032 | | BBB | | | 1,300 | | | | 1,559,116 | |
NY Dorm - Montefiore | | 5.00 | % | 8/1/2033 | | BBB | | | 900 | | | | 1,059,381 | |
NY Dorm - Montefiore | | 5.00 | % | 9/1/2033 | | BBB | | | 1,000 | | | | 1,196,070 | |
NY Dorm - Montefiore | | 5.00 | % | 8/1/2034 | | BBB | | | 500 | | | | 587,395 | |
NY Dorm - Montefiore | | 5.00 | % | 9/1/2034 | | BBB | | | 2,380 | | | | 2,842,029 | |
NY Dorm - Montefiore | | 5.00 | % | 8/1/2035 | | BBB | | | 900 | | | | 1,055,277 | |
NY Dorm - Montefiore | | 5.00 | % | 9/1/2035 | | BBB | | | 2,620 | | | | 3,124,140 | |
NY Dorm - Orange Reg Med Ctr† | | 5.00 | % | 12/1/2030 | | BBB- | | | 1,100 | | | | 1,299,727 | |
NY Dorm - Orange Reg Med Ctr† | | 5.00 | % | 12/1/2031 | | BBB- | | | 1,600 | | | | 1,881,664 | |
NY Dorm - Orange Regl Med Ctr† | | 5.00 | % | 12/1/2026 | | BBB- | | | 1,500 | | | | 1,793,250 | |
NY Dorm - Orange Regl Med Ctr† | | 5.00 | % | 12/1/2027 | | BBB- | | | 1,300 | | | | 1,563,679 | |
NY Dorm - Orange Regl Med Ctr† | | 5.00 | % | 12/1/2028 | | BBB- | | | 2,000 | | | | 2,389,160 | |
NY Dorm - Orange Regl Med Ctr† | | 5.00 | % | 12/1/2029 | | BBB- | | | 2,700 | | | | 3,207,654 | |
NYC Hlth & Hsp Corp | | 5.00 | % | 2/15/2023 | | Aa2 | | | 4,000 | | | | 4,414,960 | |
OH Hosp Fac - Premier Hlt | | 4.00 | % | 11/15/2039 | | Baa1 | | | 6,000 | | | | 6,325,740 | |
OK DFA - OU Med | | 5.00 | % | 8/15/2033 | | Baa3 | | | 5,045 | | | | 5,873,339 | |
OK DFA - OU Med | | 5.00 | % | 8/15/2038 | | Baa3 | | | 2,645 | | | | 3,030,535 | |
OK DFA - OU Med | | 5.25 | % | 8/15/2043 | | Baa3 | | | 5,105 | | | | 5,906,026 | |
Oneida Co - Mohawk Valley Hlth (AGM) | | 4.00 | % | 12/1/2035 | | AA | | | 1,000 | | | | 1,151,750 | |
Oneida Co - Mohawk Valley Hlth (AGM) | | 4.00 | % | 12/1/2036 | | AA | | | 1,250 | | | | 1,433,850 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Oneida Co - Mohawk Valley Hlth (AGM) | | 4.00 | % | 12/1/2037 | | AA | | $ | 2,210 | | | $ | 2,526,627 | |
OR Hosp Fac - Salem Health | | 5.00 | % | 5/15/2029 | | A+ | | | 3,275 | | | | 4,203,168 | |
OR Hosp Fac - Salem Health | | 5.00 | % | 5/15/2030 | | A+ | | | 4,660 | | | | 5,932,366 | |
Oroville - Oroville Hsp | | 5.25 | % | 4/1/2039 | | BB | | | 440 | | | | 471,205 | |
Palomar Hlth | | 5.00 | % | 11/1/2036 | | BBB | | | 2,980 | | | | 3,403,607 | |
Palomar Hlth Care Dist COPS | | 5.25 | % | 11/1/2021 | | Ba1 | | | 1,620 | | | | 1,646,244 | |
Philadelphia Hsps - Temple Univ Hlth | | 5.00 | % | 7/1/2029 | | BBB- | | | 1,915 | | | | 2,210,829 | |
Philadelphia Hsps - Temple Univ Hlth | | 5.00 | % | 7/1/2030 | | BBB- | | | 4,775 | | | | 5,499,081 | |
Philadelphia Hsps - Temple Univ Hlth | | 5.00 | % | 7/1/2032 | | BBB- | | | 4,055 | | | | 4,614,266 | |
Philadelphia Hsps - Temple Univ Hlth | | 5.00 | % | 7/1/2033 | | BBB- | | | 4,870 | | | | 5,514,593 | |
Philadelphia IDA - Wesley | | 5.00 | % | 7/1/2037 | | BB | (c) | | 2,390 | | | | 2,302,550 | |
Philadelphia IDA - Wesley | | 5.00 | % | 7/1/2042 | | BB | (c) | | 1,000 | | | | 934,230 | |
San Buenaventura - Cmnty Mem Hlth | | 8.00 | % | 12/1/2026 | | BB | | | 10,050 | | | | 10,854,904 | |
SE Port Auth - Memorial Hlth | | 5.00 | % | 12/1/2035 | | BB- | (c) | | 3,850 | | | | 3,939,166 | |
SE Port Auth - Memorial Hlth | | 5.50 | % | 12/1/2029 | | BB- | (c) | | 750 | | | | 794,543 | |
South Miami Hlth Fac - Baptist Hlth | | 5.00 | % | 8/15/2026 | | AA- | | | 3,000 | | | | 3,611,910 | |
South Miami Hlth Fac - Baptist Hlth | | 5.00 | % | 8/15/2027 | | AA- | | | 3,620 | | | | 4,437,975 | |
South Miami Hlth Fac - Baptist Hlth | | 5.00 | % | 8/15/2028 | | AA- | | | 2,625 | | | | 3,208,275 | |
St Paul Hsg - HlthEast Care Sys | | 5.00 | % | 11/15/2023 | | NR | | | 3,735 | | | | 4,309,443 | |
St Paul Hsg - HlthEast Care Sys | | 5.00 | % | 11/15/2024 | | NR | | | 4,500 | | | | 5,389,200 | |
Tampa Hlth & Ed - Lee Moffit Cancer Center | | 4.00 | % | 7/1/2039 | | A2 | | | 2,650 | | | | 2,980,216 | |
Tampa Hlth & Ed - Moffit Cancer | | 4.00 | % | 7/1/2038 | | A2 | | | 4,755 | | | | 5,381,709 | |
Tulsa Co Industrial Auth - Montereau | | 5.25 | % | 11/15/2037 | | BBB- | (c) | | 1,250 | | | | 1,299,438 | |
Tyler Hlth - Mother Frances Hsp | | 5.50 | % | 7/1/2027 | | NR | | | 3,975 | | | | 4,176,970 | |
Univ of CA | | 5.00 | % | 5/15/2034 | | AA- | | | 12,250 | | | | 15,211,070 | |
VA Clg Bldg Auth | | 4.00 | % | 2/1/2034 | | AA+ | | | 19,965 | | | | 23,672,301 | |
WA HFC - Rockwood† | | 6.00 | % | 1/1/2024 | | NR | | | 890 | | | | 912,375 | |
WA Hlth - Fred Hutchinson Cancer Ctr | | 1.224% (1 Mo. LIBOR * .67 + 1.10 | %)# | 1/1/2042 | | A+ | | | 4,000 | | | | 3,999,080 | |
WA Hsg - Transforming Age† | | 2.375 | % | 1/1/2026 | | BB | (c) | | 1,800 | | | | 1,653,570 | |
WI Hlth & Ed - American Baptist | | 5.00 | % | 8/1/2032 | | NR | | | 1,375 | | | | 1,318,350 | |
WI Hlth & Ed - American Baptist | | 5.00 | % | 8/1/2037 | | NR | | | 1,500 | | | | 1,377,420 | |
WI Hlth & Ed - Aurora Hlth | | 5.00 | % | 7/15/2026 | | Aa3 | | | 5,575 | | | | 5,846,447 | |
WI Hlth & Ed - Marshfield Hlth | | 5.00 | %#(a) | 2/15/2051 | | A- | | | 5,000 | | | | 5,955,350 | |
WI PFA - Alabama Proton† | | 6.85 | % | 10/1/2047 | | NR | | | 2,160 | | | | 2,433,737 | |
Wood Co Hsp Facs - Wood Co Hsp | | 5.00 | % | 12/1/2027 | | Ba3 | | | 3,450 | | | | 3,591,450 | |
Wood Co Hsp Facs - Wood Co Hsp | | 5.00 | % | 12/1/2032 | | Ba3 | | | 2,275 | | | | 2,337,927 | |
WV Hsp - Herbert Thomas Hlth(d) | | 6.00 | % | 10/1/2020 | | NR | | | 760 | | | | 270,560 | |
WV Hsp - WV United Health Sys | | 4.00 | % | 6/1/2030 | | A | | | 5,500 | | | | 6,160,220 | |
Total | | | | | | | | | | | | | 736,797,870 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Housing 1.05% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Alachua Co Hlth - Oak Hammock | | 8.00 | % | 10/1/2032 | | NR | | $ | 500 | | | $ | 553,625 | |
CA Cmty Hsg - Verdant† | | 5.00 | % | 8/1/2049 | | NR | | | 400 | | | | 429,564 | |
CA HFA - MFH | | 4.00 | % | 3/20/2033 | | BBB+ | | | 6,998 | | | | 7,512,587 | |
CA HFA - MFH | | 4.25 | % | 1/15/2035 | | BBB+ | | | 4,447 | | | | 4,863,390 | |
CA Muni Fin - Park Wstrn Apts (FNMA) | | 2.65 | % | 8/1/2036 | | Aaa | | | 4,460 | | | | 4,671,680 | |
CA State GO | | 5.00 | % | 11/1/2031 | | Aa2 | | | 10,000 | | | | 12,772,400 | |
CA Stwde - CHF-Irvine LLC | | 5.00 | % | 5/15/2026 | | Baa1 | | | 1,000 | | | | 1,125,200 | |
CA Stwde - CHF-Irvine LLC | | 5.00 | % | 5/15/2027 | | Baa1 | | | 750 | | | | 839,145 | |
CA Stwde - Lancer Student Hsg† | | 5.00 | % | 6/1/2034 | | NR | | | 380 | | | | 390,997 | |
CA Stwde - Lancer Student Hsg† | | 5.00 | % | 6/1/2039 | | NR | | | 650 | | | | 658,372 | |
MD State Hsg CDA | | 3.00 | % | 9/1/2039 | | Aa1 | | | 10,000 | | | | 10,535,800 | |
MO State Hsg Dev Cmmn (GNMA) | | 4.25 | % | 5/1/2047 | | AA+ | | | 2,315 | | | | 2,575,808 | |
NJ EDA - Rowan Univ Pptys | | 5.00 | % | 1/1/2030 | | BBB- | | | 2,500 | | | | 2,501,000 | |
NYC IDA - Yankee Stadium (FGIC) | | 1.187% (CPI Based | )# | 3/1/2021 | | Baa1 | | | 3,850 | | | | 3,825,822 | |
Phoenix IDA - ASU Std Hsg | | 5.00 | % | 7/1/2032 | | Baa3 | | | 1,080 | | | | 1,160,179 | |
WA Hsg - Emerald Heights | | 5.00 | % | 7/1/2022 | | A- | (c) | | 1,000 | | | | 1,036,720 | |
Total | | | | | | | | | | | | | 55,452,289 | |
| | | | | | | | | | | | | | |
Lease Obligations 6.20% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Alachua Cnty School Brd COPs (AGM) | | 5.00 | % | 7/1/2029 | | AA | | | 7,530 | | | | 9,796,756 | |
Broward Co Sch Brd COP | | 5.00 | % | 7/1/2021 | | Aa3 | | | 5,000 | | | | 5,232,300 | |
CA Pub Wks - Dept Hsps | | 5.00 | % | 6/1/2023 | | Aa3 | | | 3,000 | | | | 3,403,110 | |
CA Pub Wks - Various Cap Proj | | 5.00 | % | 4/1/2021 | | Aa3 | | | 3,250 | | | | 3,365,148 | |
CA Pub Wks - Various Cap Proj | | 5.00 | % | 11/1/2021 | | Aa3 | | | 1,000 | | | | 1,062,780 | |
CA Pub Wks - Various Cap Proj | | 5.00 | % | 4/1/2022 | | Aa3 | | | 4,200 | | | | 4,544,484 | |
Cuyahoga Co COP - Conv Hotel Proj | | 5.00 | % | 12/1/2023 | | AA- | | | 5,640 | | | | 6,213,532 | |
Dallas Civic Ctr (AGC) | | 5.00 | % | 8/15/2021 | | AA | | | 3,800 | | | | 3,814,098 | |
Dallas Conv Ctr Hotel Dev Corp | | 5.25 | % | 1/1/2022 | | A | | | 6,405 | | | | 6,428,698 | |
Erie Co IDA - Buffalo Sch Dist | | 5.00 | % | 5/1/2024 | | AA | | | 5,930 | | | | 6,159,491 | |
Houston CO Coop Dist - Country Crossing | | Zero Coupon | | 6/7/2013 | | NR | | | 1,768 | | | | 247,520 | (e) |
Hudson Yards | | 5.00 | % | 2/15/2029 | | Aa2 | | | 3,500 | | | | 4,304,055 | |
IL Sports Facs Auth (AGM) | | 5.00 | % | 6/15/2027 | | AA | | | 3,000 | | | | 3,291,990 | |
IN Fin Auth - Stadium | | 5.25 | % | 2/1/2029 | | AA+ | | | 2,500 | | | | 2,952,100 | |
Kansas City IDA - Downtown Redev Dist | | 5.00 | % | 9/1/2022 | | AA- | | | 7,470 | | | | 7,872,857 | |
LA PFA - Hurricane Recovery | | 5.00 | % | 6/1/2023 | | A1 | | | 3,200 | | | | 3,611,040 | |
Los Angeles Co COP - Disney Concert Hall | | 5.00 | % | 9/1/2022 | | AA+ | | | 1,250 | | | | 1,370,913 | |
Loudoun Co EDA | | 4.00 | % | 12/1/2033 | | AA+ | | | 14,900 | | | | 18,229,107 | |
MI St Bldg Auth | | 5.00 | % | 4/15/2036 | | Aa2 | | | 3,000 | | | | 3,901,800 | |
MI Strategic Fd - Cadillac Place | | 5.25 | % | 10/15/2023 | | Aa2 | | | 3,865 | | | | 4,082,831 | |
MI Strategic Fd - Cadillac Place | | 5.25 | % | 10/15/2024 | | Aa2 | | | 6,915 | | | | 7,303,830 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Lease Obligations (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Miami Dade Co Sch Dist GO | | 4.00 | % | 3/15/2034 | | Aa2 | | $ | 4,535 | | | $ | 5,182,915 | |
NJ EDA - Bldgs | | 5.00 | % | 6/15/2036 | | BBB+ | | | 1,320 | | | | 1,459,973 | |
NJ EDA - Motor Vehicle Surcharge Sub Rev | | 5.00 | % | 7/1/2033 | | BBB+ | | | 8,450 | | | | 9,388,203 | |
NJ EDA - Sch Facs | | 1.73% (MUNIPSA * 1 + 1.60 | %)# | 3/1/2028 | | BBB+ | | | 5,000 | | | | 4,842,950 | |
NJ EDA - Sch Facs | | 4.00 | % | 6/15/2028 | | BBB+ | | | 3,540 | | | | 3,690,415 | |
NJ EDA - Sch Facs | | 4.00 | % | 6/15/2030 | | BBB+ | | | 7,500 | | | | 7,777,350 | |
NJ EDA - Sch Facs | | 5.00 | % | 6/15/2025 | | BBB+ | | | 5,085 | | | | 5,674,402 | |
NJ EDA - Sch Facs | | 5.00 | % | 3/1/2029 | | BBB+ | | | 7,500 | | | | 7,918,725 | |
NJ EDA - Sch Facs | | 5.00 | % | 6/15/2034 | | BBB+ | | | 3,000 | | | | 3,321,510 | |
NJ EDA - Sch Facs | | 5.00 | % | 6/15/2035 | | BBB+ | | | 1,000 | | | | 1,103,400 | |
NJ EDA - Sch Facs | | 5.00 | % | 6/15/2035 | | BBB+ | | | 4,925 | | | | 5,299,497 | |
NJ EDA - Sch Facs | | 5.00 | % | 6/15/2042 | | BBB+ | | | 1,400 | | | | 1,518,762 | |
NJ EDA - Sch Facs | | 5.25 | % | 9/1/2023 | | BBB+ | | | 6,545 | | | | 6,693,179 | |
NJ EDA - Sch Facs | | 5.25 | % | 9/1/2025 | | BBB+ | | | 5,550 | | | | 5,675,652 | |
NJ EDA - Sch Facs | | 5.25 | % | 6/15/2032 | | BBB+ | | | 2,865 | | | | 3,142,991 | |
NJ EDA - Sch Facs | | 5.50 | % | 6/15/2029 | | BBB+ | | | 3,500 | | | | 4,048,030 | |
NJ EDA - State House Proj | | 5.00 | % | 6/15/2033 | | BBB+ | | | 7,215 | | | | 8,168,462 | |
NJ EDA - State House Proj | | 5.00 | % | 6/15/2034 | | BBB+ | | | 13,645 | | | | 15,406,433 | |
NJ EDA - Transit | | 4.00 | % | 11/1/2037 | | BBB+ | | | 3,000 | | | | 3,111,510 | |
NJ EDA - Transit | | 4.00 | % | 11/1/2038 | | BBB+ | | | 3,000 | | | | 3,102,270 | |
NJ EDA - Transit | | 5.00 | % | 11/1/2033 | | BBB+ | | | 3,845 | | | | 4,390,106 | |
NJ Trans Trust Fund | | 3.25 | % | 6/15/2039 | | BBB+ | | | 2,000 | | | | 1,855,820 | |
NJ Trans Trust Fund | | 4.00 | % | 12/15/2031 | | BBB+ | | | 9,215 | | | | 9,784,671 | |
NJ Trans Trust Fund | | 5.00 | % | 6/15/2030 | | A+ | | | 3,000 | | | | 3,333,270 | |
NJ Trans Trust Fund | | 5.00 | % | 6/15/2031 | | A+ | | | 2,400 | | | | 2,648,448 | |
NJ Trans Trust Fund | | 5.00 | % | 6/15/2031 | | BBB+ | | | 8,000 | | | | 9,178,720 | |
NJ Trans Trust Fund | | 5.00 | % | 6/15/2033 | | BBB+ | | | 1,425 | | | | 1,613,314 | |
NJ Trans Trust Fund | | 5.00 | % | 12/15/2033 | | BBB+ | | | 25,140 | | | | 28,422,027 | |
NJ Trans Trust Fund | | 5.00 | % | 12/15/2034 | | BBB+ | | | 4,895 | | | | 5,515,931 | |
NJ Trans Trust Fund | | 5.25 | % | 6/15/2043 | | BBB+ | | | 4,580 | | | | 5,117,097 | |
NJ Trans Trust Fund (NPFGC)(FGIC) | | 5.50 | % | 12/15/2020 | | BBB+ | | | 1,000 | | | | 1,015,270 | |
NYC TFA | | 5.00 | % | 7/15/2035 | | AA | | | 10,000 | | | | 11,834,500 | |
NYC TFA - Bldg Aid | | 5.00 | % | 7/15/2028 | | AA | | | 1,500 | | | | 1,761,135 | |
Oakland/Alameda Co Coliseum Auth - Oakland Coliseum | | 5.00 | % | 2/1/2021 | | Aa3 | | | 8,750 | | | | 8,961,312 | |
Philadelphia Redev Auth | | 5.00 | % | 4/15/2022 | | A | | | 5,195 | | | | 5,537,922 | |
Philadelphia Redev Auth | | 5.00 | % | 4/15/2028 | | A | | | 4,380 | | | | 5,023,553 | |
San Diego Conv Ctr Fing Auth | | 5.00 | % | 4/15/2021 | | AA- | | | 3,750 | | | | 3,854,513 | |
San Jose Fing Auth - Civic Ctr | | 5.00 | % | 6/1/2023 | | AA | | | 1,000 | | | | 1,128,760 | |
South Florida Wtr Mgt Dist | | 5.00 | % | 10/1/2027 | | AA | | | 2,000 | | | | 2,441,020 | |
Total | | | | | | | | | | | | | 327,132,458 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Other Revenue 4.09% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Black Belt Energy Gas District : Gas Prepay Revenue Bonds (Project #4) | | 4.00 | %#(a) | 12/1/2049 | | A3 | | $ | 12,675 | | | $ | 14,429,093 | |
Brooklyn Arena LDC - Barclays Ctr | | 5.00 | % | 7/15/2042 | | Ba1 | | | 7,600 | | | | 8,082,676 | |
Brooklyn Arena LDC - Barclays Ctr (AGM) | | 4.00 | % | 7/15/2029 | | AA | | | 1,500 | | | | 1,647,540 | |
CA Infra & Econ Dev - Acad Motion Pict(b) | | 5.00 | % | 11/1/2029 | | Aa2 | | | 7,200 | | | | 9,477,648 | |
CA Infra & Econ Dev - Broad Museum | | 5.00 | % | 6/1/2021 | | Aa1 | | | 5,425 | | | | 5,656,973 | |
CA Infra & Econ Dev - Gladstone Instn | | 5.25 | % | 10/1/2026 | | BBB+ | | | 10,250 | | | | 10,874,430 | |
CA Sch Fin Auth - Aspire† | | 5.00 | % | 8/1/2036 | | BBB | | | 1,600 | | | | 1,767,792 | |
Chester Co IDA - Collegium Chtr Sch | | 5.25 | % | 10/15/2032 | | BB | | | 6,410 | | | | 6,604,223 | |
Cleveland Arpt | | 5.00 | % | 1/1/2028 | | A | | | 2,500 | | | | 2,677,750 | |
Cleveland Arpt | | 5.00 | % | 1/1/2029 | | A | | | 2,500 | | | | 2,677,750 | |
Cleveland Co Port Auth - Playhouse Sq | | 5.00 | % | 12/1/2033 | | BB+ | | | 2,000 | | | | 2,034,260 | |
Cleveland Co Port Auth - Playhouse Sq | | 5.25 | % | 12/1/2038 | | BB+ | | | 1,650 | | | | 1,683,660 | |
Clifton Higher Ed - Idea Pub Schs | | 3.75 | % | 8/15/2022 | | A- | | | 1,720 | | | | 1,764,961 | |
Clifton Higher Ed - Intl Ldrshp Sch | | 6.00 | % | 8/15/2038 | | NR | | | 13,970 | | | | 15,531,008 | |
Clifton Higher Ed - Uplift Education | | 5.70 | % | 12/1/2025 | | BBB- | | | 3,690 | | | | 3,770,294 | |
CT State Revolving Fund | | 4.00 | % | 2/1/2038 | | AAA | | | 3,000 | | | | 3,513,390 | |
DC Rev - Friendship Pub Chtr Sch | | 5.00 | % | 6/1/2032 | | BBB | | | 3,000 | | | | 3,158,220 | |
FL DFC - Renaissance Chtr Sch | | 7.00 | % | 6/15/2026 | | NR | | | 3,000 | | | | 3,185,400 | |
FL DFC - Renaissance Chtr Sch | | 7.50 | % | 6/15/2033 | | NR | | | 3,000 | | | | 3,199,650 | |
Florence Twn IDA - Legacy Trad Sch | | 5.75 | % | 7/1/2033 | | Ba2 | | | 3,000 | | | | 3,194,880 | |
HI Dept Budget - Hawaiian Electric AMT | | 3.25 | % | 1/1/2025 | | Baa2 | | | 5,000 | | | | 5,324,100 | |
Houston Hi Ed - Cosmos Fndtn | | 4.00 | % | 2/15/2022 | | BBB | | | 260 | | | | 269,313 | |
Houston Hi Ed - Cosmos Fndtn | | 5.00 | % | 2/15/2032 | | BBB | | | 2,250 | | | | 2,355,233 | |
Indianapolis Local Pub Impt Bd Bk | | 5.00 | % | 6/1/2024 | | A1 | | | 4,000 | | | | 4,132,480 | |
KS DFA - Revolving Fund | | 5.00 | % | 5/1/2031 | | AAA | | | 5,465 | | | | 7,333,975 | |
KY Public Energy Auth - Peak Energy | | 4.00 | %#(a) | 2/1/2050 | | A3 | | | 15,000 | | | | 17,548,950 | |
Lower AL Gas Dist - Goldman Sachs | | 4.00 | %#(a) | 12/1/2050 | | A3 | | | 14,250 | | | | 16,229,752 | |
Lower AL Gas Dist - Goldman Sachs | | 5.00 | % | 9/1/2027 | | A3 | | | 5,000 | | | | 6,052,050 | |
Main St Nat Gas - Macquarie | | 5.00 | % | 5/15/2037 | | A3 | | | 6,250 | | | | 8,072,187 | |
Maricopa Co - Legacy Schools† | | 5.00 | % | 7/1/2039 | | Ba2 | | | 2,055 | | | | 2,186,150 | |
Maricopa Co IDA - Paradise Schools† | | 5.00 | % | 7/1/2036 | | BB+ | | | 2,500 | | | | 2,625,325 | |
MD EDC - Chesapeake Bay Hyatt(d) | | 5.00 | % | 12/1/2016 | | NR | | | 700 | | | | 420,000 | (e) |
Michigan St Strategic FD Escrow(f) | | Zero Coupon | | 9/1/2020 | | NR | | | 400 | | | | 40 | (g) |
MSR Energy Auth - Citi | | 6.125 | % | 11/1/2029 | | BBB+ | | | 3,785 | | | | 4,784,808 | |
NJ EDA - Sch Facs | | 5.00 | % | 3/1/2027 | | BBB+ | | | 6,900 | | | | 7,307,583 | |
NYC Cultural - Whitney Museum | | 5.00 | % | 7/1/2021 | | A+ | | | 5,000 | | | | 5,105,500 | |
PA IDA - Economic Dev | | 5.00 | % | 7/1/2020 | | A+ | | | 2,000 | | | | 2,000,000 | |
Phoenix IDA - Basis Schs† | | 5.00 | % | 7/1/2035 | | BB | | | 2,350 | | | | 2,473,963 | |
SA Energy Acquisition Pub Fac - Goldman Sachs | | 5.50 | % | 8/1/2023 | | A3 | | | 9,365 | | | | 10,434,296 | |
TX Muni Gas Acq & Supply - Macquarie | | 5.00 | % | 12/15/2023 | | A3 | | | 5,400 | | | | 5,845,014 | |
Total | | | | | | | | | | | | | 215,432,317 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Special Tax 1.98% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Allentown Neighborhood Impt | | 5.00 | % | 5/1/2031 | | Baa3 | | $ | 5,500 | | | $ | 5,774,395 | |
Allentown Neighborhood Impt† | | 5.00 | % | 5/1/2032 | | Ba3 | | | 1,250 | | | | 1,300,487 | |
Allentown Neighborhood Impt† | | 5.00 | % | 5/1/2033 | | Ba3 | | | 1,000 | | | | 1,042,010 | |
Allentown Neighborhood Impt† | | 5.375 | % | 5/1/2042 | | NR | | | 5,500 | | | | 5,686,010 | |
CA Reassmt Dist 12/1 Irvine | | 4.00 | % | 9/2/2022 | | A+ | | | 1,500 | | | | 1,606,920 | |
Connecticut Special Transportation Fund: Debt Service | | 4.00 | % | 9/1/2034 | | A+ | | | 8,075 | | | | 8,955,821 | |
CT Spl Tax - Trans Infra | | 5.00 | % | 10/1/2030 | | A+ | | | 9,000 | | | | 11,398,950 | |
CT Spl Tax - Trans Infra | | 5.00 | % | 1/1/2032 | | A+ | | | 14,375 | | | | 17,751,687 | |
Emeryville Redev Agy (AGM) | | 5.00 | % | 9/1/2024 | | AA | | | 1,950 | | | | 2,295,852 | |
Emeryville Redev Agy (AGM) | | 5.00 | % | 9/1/2025 | | AA | | | 2,650 | | | | 3,107,973 | |
Hinsdale Township High School District #86 | | 4.00 | % | 7/15/2039 | | AAA | | | 6,820 | | | | 7,790,554 | |
Houston CO Coop Dist - Country Crossing(d) | | 10.00 | % | 5/1/2039 | | NR | | | 5,000 | | | | 550,000 | (e) |
Miami World Ctr CDD | | 4.75 | % | 11/1/2027 | | NR | | | 750 | | | | 791,543 | |
Orange Co CFD - Esencia | | 5.00 | % | 8/15/2033 | | NR | | | 1,370 | | | | 1,539,113 | |
Orange Co CFD - Esencia | | 5.00 | % | 8/15/2035 | | NR | | | 975 | | | | 1,089,972 | |
Peninsula Town Center† | | 4.50 | % | 9/1/2028 | | NR | | | 545 | | | | 551,627 | |
Peninsula Town Center† | | 5.00 | % | 9/1/2037 | | NR | | | 875 | | | | 898,301 | |
Pittsburg Redev Agy (AGM) | | 5.00 | % | 8/1/2021 | | AA | | | 1,875 | | | | 1,971,469 | |
Pittsburg Redev Agy - Los Medanos (AGM) | | 5.00 | % | 9/1/2025 | | AA | | | 3,500 | | | | 4,247,250 | |
Plaza Met Dist #1† | | 4.50 | % | 12/1/2030 | | NR | | | 4,300 | | | | 4,338,055 | |
River Islands PFA - CFD 2003 | | 5.375 | % | 9/1/2031 | | NR | | | 2,000 | | | | 2,160,320 | |
St Louis IDA - Ballpark Vlg | | 4.375 | % | 11/15/2035 | | NR | | | 3,955 | | | | 3,343,636 | |
Village CDD #12 | | 3.25 | % | 5/1/2026 | | NR | | | 3,890 | | | | 3,983,088 | |
Village CDD #12† | | 3.80 | % | 5/1/2028 | | NR | | | 2,230 | | | | 2,328,343 | |
Village CDD #12† | | 4.00 | % | 5/1/2033 | | NR | | | 1,985 | | | | 2,078,732 | |
Village CDD #13 | | 3.00 | % | 5/1/2029 | | NR | | | 500 | | | | 501,035 | |
Village CDD #13 | | 3.375 | % | 5/1/2034 | | NR | | | 2,580 | | | | 2,586,785 | |
Village CDD #9 | | 5.00 | % | 5/1/2022 | | NR | | | 390 | | | | 400,686 | |
Village CDD #9 | | 5.25 | % | 5/1/2031 | | NR | | | 1,605 | | | | 1,668,109 | |
Village CDD #9 | | 5.75 | % | 5/1/2021 | | NR | | | 450 | | | | 457,857 | |
Village CDD #9 | | 6.75 | % | 5/1/2031 | | NR | | | 2,130 | | | | 2,207,447 | |
Total | | | | | | | | | | | | | 104,404,027 | |
| | | | | | | | | | | | | | |
Tax Revenue 4.91% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Bay Area Rapid Transit Dist | | 5.00 | % | 7/1/2026 | | AA+ | | | 1,000 | | | | 1,208,990 | |
City of Sparks - Legends at Sparks Marina† | | 2.50 | % | 6/15/2024 | | Ba2 | | | 405 | | | | 398,095 | |
City of Sparks - Legends at Sparks Marina† | | 2.75 | % | 6/15/2028 | | Ba2 | | | 1,450 | | | | 1,392,638 | |
Cook Co Sales Tax | | 4.00 | % | 11/15/2034 | | AA- | | | 3,750 | | | | 4,146,150 | |
CT Spl Tax - Trans Infra | | 5.00 | % | 5/1/2032 | | A+ | | | 2,750 | | | | 3,571,700 | |
CT Spl Tax - Trans Infra | | 5.00 | % | 5/1/2033 | | A+ | | | 3,000 | | | | 3,869,760 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Tax Revenue (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Dallas Area Rapid Trans | | 5.00 | % | 12/1/2026 | | AA+ | | $ | 7,245 | | | $ | 8,538,884 | |
El Paso Dev Corp - Downtown Ballpark | | 6.25 | % | 8/15/2023 | | AA- | | | 5,000 | | | | 5,674,500 | |
Jacksonville Sales Tax | | 5.00 | % | 10/1/2021 | | A+ | | | 2,500 | | | | 2,629,700 | |
Jefferson Co - Sch Warrant | | 5.00 | % | 9/15/2026 | | AA | | | 2,400 | | | | 2,976,624 | |
MA Sch Bldg Auth - Sales Tax | | 5.00 | % | 8/15/2030 | | AA+ | | | 5,665 | | | | 6,165,503 | |
Martin Hsp Dist | | 7.00 | % | 4/1/2031 | | BBB | (c) | | 3,250 | | | | 3,340,350 | |
MBTA - Sales Tax | | 5.00 | % | 7/1/2036 | | AA | | | 4,145 | | | | 5,114,930 | |
MD Dept Trans | | 4.00 | % | 7/1/2037 | | Aa2 | | | 4,660 | | | | 5,616,838 | |
MD Dept Trans | | 4.00 | % | 7/1/2039 | | Aa2 | | | 6,435 | | | | 7,706,685 | |
MD St Trans Auth | | 3.00 | % | 10/1/2034 | | AAA | | | 10,510 | | | | 11,424,055 | |
Met Atlanta Rapid Trans Auth | | 3.00 | % | 7/1/2037 | | AA+ | | | 4,765 | | | | 5,101,981 | |
Met Atlanta Rapid Trans Auth | | 3.00 | % | 7/1/2038 | | AA+ | | | 5,430 | | | | 5,795,765 | |
Met Atlanta Rapid Trans Auth | | 5.00 | % | 7/1/2025 | | AA+ | | | 5,950 | | | | 6,775,384 | |
Met Atlanta Rapid Trans Auth | | 5.00 | % | 7/1/2032 | | AA+ | | | 5,000 | | | | 6,068,950 | |
Met Govt Nashville - Cnty Conv Ctr | | 5.00 | % | 7/1/2022 | | A+ | | | 3,245 | | | | 3,255,741 | |
Met Pier & Expo Auth - McCormick Place | | 5.00 | % | 12/15/2022 | | BBB | | | 5,020 | | | | 5,247,757 | |
Met Pier & Expo Auth - McCormick Place | | 5.00 | % | 12/15/2028 | | BBB | | | 10,090 | | | | 10,360,008 | |
Miami Dade Co - Transit Rev | | 5.00 | % | 7/1/2032 | | AA | | | 7,500 | | | | 9,496,275 | |
MTA NY - Dedicated Tax | | 5.00 | % | 11/15/2027 | | AA | | | 5,700 | | | | 6,126,588 | |
NJ EDA - Cigarette Tax | | 5.00 | % | 6/15/2028 | | BBB+ | | | 6,650 | | | | 6,824,496 | |
NJ EDA - Cigarette Tax | | 5.00 | % | 6/15/2029 | | BBB+ | | | 500 | | | | 512,025 | |
NJ Trans Trust Fund | | 5.00 | % | 6/15/2031 | | BBB+ | | | 3,200 | | | | 3,671,488 | |
NY Dorm - PIT | | 5.00 | % | 3/15/2024 | | AA+ | | | 15,585 | | | | 16,088,707 | |
NY Dorm - Sales Tax | | 5.00 | % | 3/15/2028 | | AA+ | | | 11,645 | | | | 14,014,175 | |
NYC TFA - Future Tax | | 5.00 | % | 2/1/2041 | | AAA | | | 14,940 | | | | 17,222,533 | |
NYC TFA - Bldg Aid | | 5.00 | % | 7/15/2024 | | AA | | | 10,000 | | | | 10,427,100 | |
Phoenix Excise Tax | | 5.00 | % | 7/1/2026 | | AAA | | | 13,000 | | | | 15,845,440 | |
Polk Co Trans Rev | | 5.00 | % | 12/1/2021 | | A1 | | | 2,825 | | | | 2,880,116 | |
PR Corp Sales Tax | | Zero Coupon | | 7/1/2029 | | NR | | | 1,616 | | | | 1,235,626 | |
PR Corp Sales Tax | | Zero Coupon | | 7/1/2031 | | NR | | | 5,670 | | | | 3,999,051 | |
PR Corp Sales Tax | | Zero Coupon | | 7/1/2033 | | NR | | | 2,346 | | | | 1,519,457 | |
PR Corp Sales Tax | | Zero Coupon | | 7/1/2051 | | NR | | | 5,606 | | | | 1,144,969 | |
PR Corp Sales Tax | | 4.329 | % | 7/1/2040 | | NR | | | 8,325 | | | | 8,384,357 | |
PR Corp Sales Tax | | 4.329 | % | 7/1/2040 | | NR | | | 12,723 | | | | 12,813,715 | |
PR Corp Sales Tax | | 4.50 | % | 7/1/2034 | | NR | | | 1,608 | | | | 1,678,865 | |
PR Corp Sales Tax | | 4.536 | % | 7/1/2053 | | NR | | | 81 | | | | 82,282 | |
PR Corp Sales Tax | | 4.55 | % | 7/1/2040 | | NR | | | 268 | | | | 273,896 | |
PR Corp Sales Tax | | 4.75 | % | 7/1/2053 | | NR | | | 1,967 | | | | 2,026,325 | |
PR Corp Sales Tax | | 4.784 | % | 7/1/2058 | | NR | | | 1,092 | | | | 1,128,637 | |
PR Corp Sales Tax | | 5.00 | % | 7/1/2058 | | NR | | | 4,974 | | | | 5,213,001 | |
Total | | | | | | | | | | | | | 258,990,112 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Tobacco 2.70% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Buckeye Tobacco | | 5.00 | % | 6/1/2055 | | NR | | $ | 31,500 | | | $ | 33,221,160 | |
Golden St Tobacco | | 5.00 | % | 6/1/2027 | | BBB | | | 4,000 | | | | 4,933,880 | |
Golden St Tobacco | | 5.00 | % | 6/1/2028 | | BBB | | | 1,000 | | | | 1,222,420 | |
Golden St Tobacco | | 5.00 | % | 6/1/2047 | | NR | | | 3,100 | | | | 3,138,843 | |
Golden St Tobacco | | 5.00 | % | 6/1/2047 | | NR | | | 6,875 | | | | 6,961,144 | |
Los Angeles Co Tobacco | | 4.00 | % | 6/1/2034 | | A- | | | 980 | | | | 1,148,727 | |
Los Angeles Co Tobacco | | 4.00 | % | 6/1/2035 | | A- | | | 1,300 | | | | 1,516,203 | |
Los Angeles Co Tobacco | | 4.00 | % | 6/1/2036 | | A- | | | 1,195 | | | | 1,385,841 | |
Los Angeles Co Tobacco | | 4.00 | % | 6/1/2037 | | A- | | | 895 | | | | 1,034,146 | |
Los Angeles Co Tobacco | | 5.00 | % | 6/1/2049 | | BBB- | | | 250 | | | | 290,038 | |
MI Tob Settlement | | 5.125 | % | 6/1/2022 | | B- | | | 3,515 | | | | 3,518,620 | |
MI Tob Settlement | | 5.25 | % | 6/1/2022 | | B- | | | 4,725 | | | | 4,730,103 | |
MI Tob Settlement | | 6.00 | % | 6/1/2034 | | B- | | | 2,485 | | | | 2,485,497 | |
Nassau Co Tobacco | | Zero Coupon | | 6/1/2060 | | NR | | | 35,000 | | | | 1,282,400 | |
Nthrn AK Tobacco | | 4.625 | % | 6/1/2023 | | A2 | | | 295 | | | | 295,062 | |
Nthrn CA Tobacco | | Zero Coupon | | 6/1/2045 | | CCC- | | | 7,500 | | | | 1,312,425 | |
PA Tob Settlement | | 5.00 | % | 6/1/2032 | | A1 | | | 3,350 | | | | 4,130,014 | |
Railsplitter Tobacco Settlement Auth | | 5.00 | % | 6/1/2027 | | A | | | 3,325 | | | | 3,930,948 | |
RI Tob Settlement | | 5.00 | % | 6/1/2027 | | BBB | | | 2,500 | | | | 2,857,175 | |
RI Tob Settlement | | 5.00 | % | 6/1/2028 | | BBB | | | 2,000 | | | | 2,280,500 | |
SD Edu Enhancement Fding Corp | | 5.00 | % | 6/1/2023 | | A | | | 1,000 | | | | 1,119,480 | |
SD Edu Enhancement Fding Corp | | 5.00 | % | 6/1/2024 | | A | | | 1,000 | | | | 1,116,720 | |
SD Edu Enhancement Fding Corp | | 5.00 | % | 6/1/2025 | | A | | | 1,040 | | | | 1,157,416 | |
Suffolk Tobacco Asset Sec Corp | | 5.375 | % | 6/1/2028 | | NR | | | 12,020 | | | | 12,041,155 | |
Tobacco Settlement Auth WA | | 5.00 | % | 6/1/2021 | | A | | | 6,880 | | | | 7,129,675 | |
Tobacco Settlement Auth WA | | 5.00 | % | 6/1/2023 | | A | | | 6,250 | | | | 6,935,625 | |
Tobacco Settlement Fin Corp LA | | 5.00 | % | 5/15/2022 | | A | | | 5,000 | | | | 5,270,000 | |
Tobacco Settlement Fin Corp NJ | | 5.00 | % | 6/1/2046 | | BB+ | | | 8,300 | | | | 9,117,799 | |
Tobacco Settlement Fin Corp NJ | | 5.25 | % | 6/1/2046 | | BBB+ | | | 5,100 | | | | 5,945,886 | |
Tobacco Settlement Fin Corp VA | | 5.00 | % | 6/1/2047 | | B- | | | 3,690 | | | | 3,690,406 | |
TSASC | | 5.00 | % | 6/1/2029 | | A | | | 5,775 | | | | 6,966,498 | |
Total | | | | | | | | | | | | | 142,165,806 | |
| | | | | | | | | | | | | | |
Transportation 22.11% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
AK Intl Airports Sys | | 5.00 | % | 10/1/2024 | | A1 | | | 750 | | | | 872,693 | |
AK Intl Airports Sys | | 5.00 | % | 10/1/2027 | | A1 | | | 1,000 | | | | 1,188,490 | |
AK Intl Airports Sys | | 5.00 | % | 10/1/2028 | | A1 | | | 2,000 | | | | 2,371,400 | |
AL Port Auth AMT (AGM) | | 5.00 | % | 10/1/2026 | | AA | | | 1,250 | | | | 1,535,113 | |
AL Port Auth AMT (AGM) | | 5.00 | % | 10/1/2027 | | AA | | | 2,000 | | | | 2,506,760 | |
AL Port Auth AMT (AGM) | | 5.00 | % | 10/1/2028 | | AA | | | 2,000 | | | | 2,498,560 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
AL Port Auth AMT (AGM) | | 5.00 | % | 10/1/2029 | | AA | | $ | 3,500 | | | $ | 4,339,895 | |
Alameda Corridor Trsp Auth | | 5.00 | % | 10/1/2026 | | A- | | | 4,075 | | | | 4,457,480 | |
Alameda Corridor Trsp Auth (AGM) | | 5.00 | % | 10/1/2034 | | AA | | | 3,650 | | | | 4,255,353 | |
Atlanta Arpt | | 5.50 | % | 1/1/2021 | | Aa3 | | | 3,000 | | | | 3,069,510 | |
Atlanta Arpt - PFC | | 5.00 | % | 1/1/2029 | | AA- | | | 2,500 | | | | 2,828,500 | |
Atlanta Arpt - PFC AMT | | 4.00 | % | 7/1/2034 | | AA- | | | 20,615 | | | | 23,532,022 | |
Atlanta Arpt AMT | | 4.00 | % | 7/1/2039 | | AA- | | | 2,250 | | | | 2,522,723 | |
Bay Area Toll Auth | | 4.00 | % | 4/1/2029 | | AA- | | | 5,800 | | | | 6,805,546 | |
Broward Co Arpt AMT | | 5.00 | % | 10/1/2029 | | A+ | | | 1,120 | | | | 1,432,390 | |
Broward Co Arpt AMT | | 5.00 | % | 10/1/2035 | | A+ | | | 2,500 | | | | 3,076,525 | |
Broward Co Arpt AMT | | 5.00 | % | 10/1/2036 | | A+ | | | 2,375 | | | | 2,910,848 | |
Broward Co Arpt AMT | | 5.00 | % | 10/1/2037 | | A+ | | | 4,000 | | | | 4,886,680 | |
Broward Co Arpt Sys AMT | | 5.00 | % | 10/1/2033 | | A+ | | | 6,130 | | | | 7,033,439 | |
CA Muni Fin Auth - LINXS APM Proj AMT | | 5.00 | % | 12/31/2036 | | BBB- | (c) | | 3,215 | | | | 3,715,897 | |
CA Muni Fin Auth - LINXS APM Proj AMT | | 5.00 | % | 12/31/2037 | | BBB- | (c) | | 7,000 | | | | 8,062,740 | |
CA Muni Fin Auth - LINXS APM Proj AMT | | 5.00 | % | 12/31/2047 | | BBB- | (c) | | 9,000 | | | | 10,176,210 | |
CA Sacramento Arpt AMT | | 5.00 | % | 7/1/2036 | | A+ | | | 5,645 | | | | 6,794,266 | |
Central FL Expressway Auth | | 4.00 | % | 7/1/2037 | | A+ | | | 7,380 | | | | 8,052,244 | |
Central TX Mobility Auth | | 5.00 | % | 1/1/2030 | | A- | | | 800 | | | | 890,464 | |
Central TX Mobility Auth | | 5.00 | % | 1/1/2031 | | A- | | | 1,675 | | | | 1,860,975 | |
Central TX Mobility Auth | | 5.00 | % | 1/1/2032 | | A- | | | 2,000 | | | | 2,218,080 | |
Central TX Mobility Auth | | 5.00 | % | 1/1/2033 | | BBB+ | | | 3,010 | | | | 3,174,918 | |
Central TX Tpk | | 5.00 | % | 8/15/2025 | | A- | | | 2,250 | | | | 2,532,825 | |
Central TX Tpk | | 5.00 | % | 8/15/2026 | | A- | | | 2,500 | | | | 2,801,525 | |
Central TX Tpk | | 5.00 | % | 8/15/2027 | | A- | | | 3,300 | | | | 3,687,354 | |
Central TX Tpk | | 5.00 | % | 8/15/2028 | | A- | | | 3,705 | | | | 4,130,556 | |
Central TX Tpk | | 5.00 | % | 8/15/2033 | | A- | | | 7,650 | | | | 8,399,929 | |
Chicago Midway Arpt | | 4.00 | % | 1/1/2034 | | A | | | 2,175 | | | | 2,345,651 | |
Chicago Midway Arpt | | 5.00 | % | 1/1/2026 | | A | | | 6,075 | | | | 6,806,612 | |
Chicago Midway Arpt AMT | | 5.00 | % | 1/1/2023 | | A | | | 3,000 | | | | 3,265,410 | |
Chicago Midway Arpt AMT | | 5.00 | % | 1/1/2026 | | A | | | 4,605 | | | | 5,119,609 | |
Chicago Midway Arpt AMT | | 5.00 | % | 1/1/2030 | | A | | | 5,000 | | | | 5,501,450 | |
Chicago Midway Arpt AMT | | 5.00 | % | 1/1/2031 | | A | | | 2,000 | | | | 2,273,440 | |
Chicago O’Hare Arpt | | 5.00 | % | 1/1/2022 | | A | | | 3,230 | | | | 3,307,326 | |
Chicago O’Hare Arpt | | 5.00 | % | 1/1/2031 | | A | | | 6,500 | | | | 7,429,435 | |
Chicago O’Hare Arpt AMT | | 5.00 | % | 1/1/2021 | | A | | | 11,740 | | | | 11,965,173 | |
Chicago O’Hare Arpt AMT | | 5.00 | % | 1/1/2024 | | A | | | 5,000 | | | | 5,282,900 | |
Chicago O’Hare Arpt AMT | | 5.00 | % | 1/1/2029 | | A | | | 7,000 | | | | 7,987,840 | |
Cleveland Arpt (AGM) | | 5.00 | % | 1/1/2027 | | AA | | | 2,175 | | | | 2,516,649 | |
Delaware River & Bay Auth | | 4.00 | % | 1/1/2044 | | A1 | | | 5,000 | | | | 5,617,200 | |
Delaware River Port Auth | | 5.00 | % | 1/1/2027 | | A | | | 1,835 | | | | 1,905,648 | |
Delaware River Port Auth | | 5.00 | % | 1/1/2028 | | A+ | | | 7,500 | | | | 8,474,475 | |
Delaware River Toll Brdg Commn | | 5.00 | % | 7/1/2029 | | A1 | | | 1,000 | | | | 1,275,610 | |
Delaware River Toll Brdg Commn | | 5.00 | % | 7/1/2030 | | A1 | | | 1,920 | | | | 2,437,094 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Delaware River Toll Brdg Commn | | 5.00 | % | 7/1/2032 | | A1 | | $ | 2,025 | | | $ | 2,542,347 | |
Denver City & Co Arpt AMT | | 5.00 | % | 12/1/2031 | | A | | | 15,000 | | | | 18,603,300 | |
Denver City & Co Arpt AMT | | 5.00 | % | 12/1/2035 | | A | | | 5,000 | | | | 6,084,550 | |
E - 470 Hwy Auth | | 5.00 | % | 9/1/2020 | | A | | | 900 | | | | 906,561 | |
GA Atlanta Arpt AMT | | 4.00 | % | 7/1/2038 | | AA- | | | 5,200 | | | | 5,846,516 | |
Grand Parkway Transn Toll | | 4.00 | % | 10/1/2045 | | A2 | | | 10,000 | | | | 11,607,200 | |
Greater Orlando Aviation AMT | | 5.00 | % | 10/1/2029 | | A+ | | | 3,000 | | | | 3,687,510 | |
Hampton Roads Trans Commn | | 5.00 | % | 7/1/2032 | | AA | | | 1,180 | | | | 1,506,931 | |
Hampton Roads Trans Commn | | 5.00 | % | 7/1/2033 | | AA | | | 1,000 | | | | 1,270,310 | |
Harris Co Toll Rd | | 5.00 | % | 8/15/2029 | | Aa2 | | | 2,500 | | | | 3,218,425 | |
Harris Co Toll Rd | | 5.00 | % | 8/15/2030 | | Aa2 | | | 1,000 | | | | 1,278,860 | |
Harris Co Toll Rd | | 5.00 | % | 8/15/2031 | | Aa2 | | | 3,000 | | | | 3,813,060 | |
HI Airport Sys AMT | | 5.00 | % | 7/1/2031 | | AA- | | | 1,275 | | | | 1,574,816 | |
HI Airport Sys AMT | | 5.00 | % | 7/1/2033 | | AA- | | | 3,300 | | | | 4,023,789 | |
HI Airport Sys AMT | | 5.00 | % | 7/1/2034 | | AA- | | | 2,000 | | | | 2,432,540 | |
HI Airport Sys AMT | | 5.00 | % | 7/1/2036 | | AA- | | | 5,000 | | | | 6,034,200 | |
Houston Arpt - Continental Airlines AMT | | 4.75 | % | 7/1/2024 | | BB- | | | 8,500 | | | | 8,661,755 | |
Houston Arpt - Continental Airlines AMT | | 5.00 | % | 7/15/2030 | | BB- | | | 2,500 | | | | 2,570,350 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/1/2027 | | BB- | (c) | | 340 | | | | 354,249 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/15/2027 | | BB- | (c) | | 550 | | | | 573,155 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/15/2027 | | BB- | (c) | | 1,000 | | | | 1,028,030 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/15/2035 | | BB- | | | 1,455 | | | | 1,472,387 | |
Houston Arpt AMT | | 5.00 | % | 7/1/2021 | | A+ | | | 5,000 | | | | 5,191,850 | |
Houston Arpt AMT | | 5.00 | % | 7/1/2034 | | A1 | | | 4,850 | | | | 5,883,001 | |
IL Toll Hwy Auth | | 5.00 | % | 1/1/2027 | | AA- | | | 1,000 | | | | 1,133,980 | |
IL Toll Hwy Auth | | 5.00 | % | 1/1/2028 | | AA- | | | 2,535 | | | | 2,869,037 | |
Kansas City Dev Auth Arpt- Terminal Modernization AMT | | 5.00 | % | 3/1/2038 | | A | | | 6,205 | | | | 7,466,228 | |
Kansas City IDA - Kansas City Intl Airport AMT | | 5.00 | % | 3/1/2038 | | A | | | 13,500 | | | | 16,244,010 | |
Kansas City IDA - Kansas City Intl Airport AMT | | 5.00 | % | 3/1/2039 | | A | | | 5,000 | | | | 6,000,050 | |
KY Tpk Auth | | 5.00 | % | 7/1/2026 | | Aa3 | | | 5,215 | | | | 5,662,238 | |
Los Angeles Dept Arpts - LAX | | 5.00 | % | 5/15/2027 | | AA- | | | 2,000 | | | | 2,381,280 | |
Los Angeles Dept Arpts - LAX | | 5.00 | % | 5/15/2032 | | AA- | | | 5,870 | | | | 6,864,026 | |
Los Angeles Dept Arpts - LAX AMT | | 5.00 | % | 5/15/2035 | | AA- | | | 11,410 | | | | 14,236,942 | |
Los Angeles Dept Arpts - LAX AMT | | 5.00 | % | 5/15/2036 | | AA- | | | 10,640 | | | | 13,220,519 | |
Louisville Regl Airport AMT | | 5.00 | % | 7/1/2022 | | A+ | | | 1,625 | | | | 1,755,569 | |
Louisville Regl Airport AMT | | 5.00 | % | 7/1/2023 | | A+ | | | 2,250 | | | | 2,518,380 | |
MA Port Auth AMT | | 5.00 | % | 7/1/2031 | | AA | | | 7,500 | | | | 9,388,950 | |
MD EDC - CNX Marine Terminals | | 5.75 | % | 9/1/2025 | | BB- | | | 4,000 | | | | 4,021,240 | |
MD EDC - Ports America Chesapeake AMT | | 5.00 | % | 6/1/2044 | | Baa3 | | | 125 | | | | 133,794 | |
Met Airpt Auth - Dulles Metrorail | | 4.00 | % | 10/1/2035 | | A- | | | 1,000 | | | | 1,114,700 | |
Met Airpt Auth - Dulles Metrorail | | 4.00 | % | 10/1/2036 | | A- | | | 1,500 | | | | 1,665,120 | |
Met Airpt Auth - Dulles Metrorail | | 4.00 | % | 10/1/2037 | | A- | | | 1,500 | | | | 1,659,615 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Met DC Arpt AMT | | 5.00 | % | 10/1/2031 | | AA- | | $ | 5,000 | | | $ | 5,986,700 | |
Met Nashville Arpt Auth AMT | | 5.00 | % | 7/1/2036 | | A2 | | | 7,500 | | | | 9,391,575 | |
Met Nashville Arpt Auth AMT | | 5.00 | % | 7/1/2037 | | A2 | | | 8,750 | | | | 10,918,337 | |
Met Nashville Arpt Auth AMT | | 5.00 | % | 7/1/2038 | | A2 | | | 5,000 | | | | 6,218,900 | |
Met Nashville Arpt Auth AMT | | 5.00 | % | 7/1/2039 | | A2 | | | 5,000 | | | | 6,200,550 | |
Miami Dade Co Aviation - MIA | | 5.00 | % | 10/1/2025 | | A | | | 3,690 | | | | 4,268,666 | |
Miami Dade Co Aviation - MIA AMT | | 5.00 | % | 10/1/2021 | | A | | | 1,500 | | | | 1,572,435 | |
Miami Dade Co Aviation - MIA AMT | | 5.00 | % | 10/1/2022 | | A | | | 1,550 | | | | 1,684,044 | |
Miami Dade Co Aviation - MIA AMT | | 5.00 | % | 10/1/2027 | | A | | | 5,145 | | | | 5,848,785 | |
Miami Dade Co Aviation - MIA AMT | | 5.00 | % | 10/1/2028 | | A | | | 3,500 | | | | 3,964,905 | |
Miami Dade Co Aviation - Mia AMT | | 5.00 | % | 10/1/2034 | | A | | | 11,070 | | | | 12,309,840 | |
Miami Dade Co Expwy Auth | | 5.00 | % | 7/1/2022 | | A | | | 1,750 | | | | 1,881,460 | |
Miami Dade Co Expwy Auth | | 5.00 | % | 7/1/2023 | | A | | | 2,000 | | | | 2,152,300 | |
Miami Dade Co Expwy Auth | | 5.00 | % | 7/1/2023 | | A | | | 2,500 | | | | 2,777,000 | |
Miami Dade Co Expwy Auth | | 5.00 | % | 7/1/2024 | | A | | | 3,500 | | | | 3,765,825 | |
Minneapolis / St Paul Met Arpts | | 5.00 | % | 1/1/2028 | | A+ | | | 3,500 | | | | 3,965,045 | |
Minneapolis / St Paul Met Arpts | | 5.00 | % | 1/1/2029 | | AA- | | | 5,000 | | | | 6,155,850 | |
Minneapolis / St Paul Met Arpts | | 5.00 | % | 1/1/2030 | | AA- | | | 5,000 | | | | 6,123,200 | |
MTA NY | | 4.75 | % | 11/15/2045 | | A2 | | | 19,000 | | | | 21,100,830 | |
MTA NY | | 5.00 | % | 11/15/2021 | | A2 | | | 1,500 | | | | 1,555,605 | |
MTA NY | | 5.00 | % | 11/1/2023 | | A2 | | | 5,640 | | | | 5,983,420 | |
MTA NY | | 5.00 | % | 11/15/2028 | | A2 | | | 13,690 | | | | 15,767,868 | |
MTA NY | | 5.00 | % | 11/15/2029 | | A2 | | | 5,000 | | | | 5,750,350 | |
MTA NY | | 5.00 | % | 11/15/2031 | | A2 | | | 12,180 | | | | 12,761,595 | |
MTA NY | | 5.00 | % | 11/15/2033 | | A2 | | | 4,025 | | | | 4,592,766 | |
MTA NY | | 5.25 | % | 11/15/2028 | | A2 | | | 6,355 | | | | 7,159,734 | |
MTA NY | | 5.25 | % | 11/15/2035 | | A2 | | | 7,500 | | | | 8,152,050 | |
NC Tpk Auth - Triangle Exprs | | 5.00 | % | 1/1/2032 | | BBB | | | 1,000 | | | | 1,145,490 | |
NC Tpk Auth - Triangle Exprs (AGM) | | 4.00 | % | 1/1/2037 | | AA | | | 12,895 | | | | 14,325,313 | |
NC Tpk Auth - Triangle Exprs (AGM) | | 4.00 | % | 1/1/2038 | | AA | | | 9,000 | | | | 9,968,220 | |
NC Tpk Auth - Triangle Exprs (AGM) | | 5.00 | % | 1/1/2031 | | AA | | | 1,000 | | | | 1,188,950 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | 5.00 | % | 4/1/2023 | | A3 | | | 3,000 | | | | 3,317,130 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | 5.00 | % | 4/1/2027 | | A3 | | | 3,185 | | | | 3,600,037 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | 5.00 | % | 4/1/2030 | | A3 | | | 365 | | | | 459,659 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | 5.00 | % | 4/1/2031 | | A3 | | | 300 | | | | 375,003 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | 5.00 | % | 4/1/2032 | | A3 | | | 775 | | | | 960,698 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | 5.00 | % | 4/1/2034 | | A3 | | | 865 | | | | 1,061,035 | |
NJ EDA - Goethals Brdg AMT | | 5.125 | % | 1/1/2034 | | BBB | | | 5,010 | | | | 5,485,750 | |
NJ Tpk Auth | | 5.00 | % | 1/1/2029 | | A+ | | | 5,000 | | | | 5,742,050 | |
NJ Tpk Auth | | 5.00 | % | 1/1/2031 | | A+ | | | 5,000 | | | | 5,759,450 | |
NJ Tpk Auth | | 5.00 | % | 1/1/2031 | | A+ | | | 5,000 | | | | 5,901,000 | |
NJ Tpk Auth | | 5.00 | % | 1/1/2033 | | A+ | | | 2,100 | | | | 2,513,763 | |
NJ Tpk Auth | | 5.00 | % | 1/1/2034 | | A+ | | | 1,500 | | | | 1,824,075 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
NJ Trans Trust Fund | | 5.00 | % | 6/15/2028 | | A+ | | $ | 6,275 | | | $ | 7,061,571 | |
NJ Trans Trust Fund CR (AGM) | | 5.00 | % | 6/15/2024 | | AA | | | 10,165 | | | | 10,827,453 | |
North TX Twy Auth | | 4.00 | % | 1/1/2037 | | A+ | | | 8,740 | | | | 10,114,190 | |
North TX Twy Auth | | 5.00 | % | 1/1/2023 | | A+ | | | 5,000 | | | | 5,533,500 | |
North TX Twy Auth | | 5.00 | % | 1/1/2025 | | A+ | | | 5,000 | | | | 5,731,100 | |
North TX Twy Auth | | 5.00 | % | 1/1/2031 | | A | | | 8,085 | | | | 9,085,195 | |
North TX Twy Auth | | 5.00 | % | 1/1/2035 | | A+ | | | 1,500 | | | | 2,045,085 | |
North TX Twy Auth | | 5.00 | % | 1/1/2035 | | A+ | | | 3,500 | | | | 4,178,405 | |
North TX Twy Auth | | 5.00 | % | 1/1/2036 | | A+ | | | 5,000 | | | | 5,836,550 | |
NV State Highway Rev | | 5.00 | % | 12/1/2030 | | AAA | | | 10,000 | | | | 12,447,400 | |
NY Trans Dev Corp - Delta AMT | | 4.00 | % | 1/1/2036 | | Baa3 | | | 10,010 | | | | 10,123,613 | |
NY Trans Dev Corp - Delta AMT | | 5.00 | % | 1/1/2031 | | Baa3 | | | 3,600 | | | | 3,863,088 | |
NY Trans Dev Corp - Delta AMT | | 5.00 | % | 1/1/2033 | | Baa3 | | | 11,000 | | | | 11,796,510 | |
NY Trans Dev Corp - Delta AMT | | 5.00 | % | 1/1/2034 | | Baa3 | | | 3,450 | | | | 3,699,815 | |
NY Trans Dev Corp - Delta AMT | | 5.00 | % | 1/1/2036 | | Baa3 | | | 7,400 | | | | 7,935,834 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | 4.00 | % | 7/1/2031 | | Baa3 | | | 3,000 | | | | 3,133,350 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | 4.00 | % | 7/1/2032 | | Baa3 | | | 3,000 | | | | 3,122,010 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | 4.00 | % | 7/1/2033 | | Baa3 | | | 3,500 | | | | 3,631,355 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | 5.00 | % | 7/1/2034 | | Baa3 | | | 2,250 | | | | 2,455,223 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | 5.25 | % | 1/1/2050 | | Baa3 | | | 5,000 | | | | 5,424,000 | |
NY Trans Dev Corp - TOGA AMT | | 5.00 | % | 1/1/2023 | | Baa3 | | | 750 | | | | 777,525 | |
NY Twy Auth | | 5.00 | % | 1/1/2024 | | A1 | | | 1,960 | | | | 2,231,284 | |
NY Twy Auth | | 5.00 | % | 1/1/2026 | | A1 | | | 5,115 | | | | 6,008,846 | |
NY Twy Auth | | 5.00 | % | 1/1/2033 | | A1 | | | 3,405 | | | | 4,185,903 | |
NY Twy Auth (AGM) | | 4.00 | % | 1/1/2040 | | AA | | | 11,770 | | | | 13,593,408 | |
Orlando & Orange Co Expwy Auth | | 5.00 | % | 7/1/2030 | | A+ | | | 10,000 | | | | 11,170,500 | |
Orlando Arpt Rev AMT | | 5.00 | % | 10/1/2030 | | AA- | | | 15,000 | | | | 19,211,550 | |
PA Tpk Commn | | 5.00 | % | 12/1/2022 | | A+ | | | 3,500 | | | | 3,836,595 | |
PA Tpk Commn | | 5.00 | % | 12/1/2032 | | A1 | | | 1,500 | | | | 1,883,070 | |
PA Tpk Commn | | 5.00 | % | 12/1/2033 | | A1 | | | 1,300 | | | | 1,623,999 | |
PA Tpk Commn | | 5.00 | % | 12/1/2034 | | A1 | | | 1,200 | | | | 1,493,736 | |
PA Tpk Commn | | 5.00 | % | 12/1/2035 | | A1 | | | 1,800 | | | | 2,230,578 | |
Phoenix Arpt | | 5.00 | % | 7/1/2036 | | AA- | | | 4,045 | | | | 4,848,661 | |
Phoenix Arpt AMT | | 5.00 | % | 7/1/2022 | | AA- | | | 1,500 | | | | 1,621,455 | |
Phoenix Arpt AMT | | 5.00 | % | 7/1/2029 | | A+ | | | 1,500 | | | | 1,919,490 | |
Phoenix Arpt AMT | | 5.00 | % | 7/1/2030 | | A+ | | | 4,245 | | | | 5,391,108 | |
Phoenix Civic Impt Corp AR | | 5.00 | % | 7/1/2036 | | A+ | | | 5,000 | | | | 5,982,550 | |
Port Auth NY & NJ | | 5.00 | % | 12/1/2023 | | Aa3 | | | 5,300 | | | | 6,056,151 | |
Port Auth NY & NJ | | 4.00 | % | 11/1/2037 | | Aa3 | | | 3,540 | | | | 4,147,960 | |
Port Auth NY & NJ | | 5.00 | % | 12/1/2025 | | Aa3 | | | 10,000 | | | | 11,318,000 | |
Port Auth NY & NJ | | 5.00 | % | 10/15/2026 | | Aa3 | | | 5,605 | | | | 6,689,624 | |
Port Auth NY & NJ | | 5.00 | % | 10/15/2027 | | Aa3 | | | 4,750 | | | | 5,650,362 | |
Port Auth NY & NJ - JFK IAT | | 5.00 | % | 12/1/2020 | | Baa1 | | | 2,100 | | | | 2,116,884 | |
Port Auth NY & NJ AMT | | 5.00 | % | 9/15/2026 | | Aa3 | | | 11,385 | | | | 13,913,267 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
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 | % | 9/15/2028 | | Aa3 | | $ | 4,000 | | | $ | 5,034,200 | |
Port Auth NY & NJ AMT | | 5.00 | % | 11/1/2030 | | Aa3 | | | 4,100 | | | | 5,286,540 | |
Port Auth NY & NJ AMT | | 5.00 | % | 10/15/2034 | | Aa3 | | | 9,170 | | | | 10,336,516 | |
Port Oakland AMT | | 5.00 | % | 5/1/2022 | | A+ | | | 11,000 | | | | 11,680,020 | |
Port of Portland - Portland Intl Arpt AMT | | 5.00 | % | 7/1/2037 | | AA- | | | 2,420 | | | | 2,965,492 | |
Port of Portland - Portland Intl Arpt AMT | | 5.00 | % | 7/1/2038 | | AA- | | | 3,250 | | | | 3,970,818 | |
Port of Portland - Portland Intl Arpt AMT | | 5.00 | % | 7/1/2039 | | AA- | | | 3,330 | | | | 4,057,538 | |
Port Seattle AMT | | 5.00 | % | 5/1/2033 | | A+ | | | 4,045 | | | | 4,801,010 | |
Port Seattle AMT | | 5.00 | % | 4/1/2044 | | A+ | | | 14,870 | | | | 17,587,641 | |
PR Hwy & Trans Auth(d) | | 5.00 | % | 7/1/2033 | | C | | | 1,215 | | | | 561,938 | |
PR Hwy & Trans Auth(d) | | 5.50 | % | 7/1/2023 | | C | | | 4,305 | | | | 1,991,063 | |
PR Hwy & Trans Auth(d) | | 5.50 | % | 7/1/2024 | | C | | | 3,000 | | | | 1,387,500 | |
PR Hwy & Trans Auth (AGC) | | 5.25 | % | 7/1/2036 | | AA | | | 1,560 | | | | 1,705,361 | |
PR Hwy & Trans Auth (AGM) | | 5.25 | % | 7/1/2032 | | AA | | | 1,000 | | | | 1,085,480 | |
Sacramento Co Arpt AMT | | 5.00 | % | 7/1/2027 | | A+ | | | 5,950 | | | | 7,328,436 | |
Sacramento Co Arpt AMT | | 5.00 | % | 7/1/2034 | | A+ | | | 4,000 | | | | 4,851,960 | |
Salt Lake City Arpt AMT | | 5.00 | % | 7/1/2029 | | A+ | | | 3,000 | | | | 3,769,620 | |
Salt Lake City Arpt AMT | | 5.00 | % | 7/1/2030 | | A+ | | | 2,275 | | | | 2,774,249 | |
Salt Lake City Arpt AMT | | 5.00 | % | 7/1/2031 | | A+ | | | 3,000 | | | | 3,638,100 | |
Salt Lake City Arpt AMT | | 5.00 | % | 7/1/2032 | | A+ | | | 8,750 | | | | 10,548,300 | |
Salt Lake City Arpt AMT | | 5.00 | % | 7/1/2034 | | A+ | | | 4,455 | | | | 5,332,100 | |
Salt Lake City Arpt AMT | | 5.00 | % | 7/1/2034 | | A+ | | | 14,645 | | | | 17,848,447 | |
San Diego Arpt | | 4.00 | % | 7/1/2037 | | A | | | 2,000 | | | | 2,300,860 | |
San Diego Arpt | | 4.00 | % | 7/1/2038 | | A | | | 2,000 | | | | 2,293,860 | |
San Francisco Arpt AMT | | 5.00 | % | 5/1/2026 | | A+ | | | 10,000 | | | | 10,685,700 | |
San Francisco Arpt AMT | | 5.00 | % | 5/1/2028 | | A+ | | | 7,550 | | | | 8,046,337 | |
San Francisco Arpt AMT | | 5.00 | % | 5/1/2037 | | A+ | | | 15,565 | | | | 19,136,389 | |
San Jose Arpt | | 5.00 | % | 3/1/2026 | | A | | | 1,200 | | | | 1,374,612 | |
San Jose Arpt | | 5.00 | % | 3/1/2027 | | A | | | 2,260 | | | | 2,586,208 | |
San Jose Arpt | | 5.00 | % | 3/1/2028 | | A | | | 1,655 | | | | 1,890,027 | |
San Jose Arpt AMT | | 5.00 | % | 3/1/2035 | | A | | | 1,500 | | | | 1,770,915 | |
South Carolina Ports AMT | | 5.00 | % | 7/1/2032 | | A+ | | | 4,225 | | | | 5,211,242 | |
South Jersey Trans Auth | | 5.00 | % | 11/1/2021 | | BBB+ | | | 5,305 | | | | 5,607,969 | |
Southeastern PA Transp Auth - Garvee | | 5.00 | % | 6/1/2023 | | AA- | | | 2,500 | | | | 2,607,625 | |
Triborough Brdg & Tunl Auth | | 4.00 | % | 11/15/2040 | | AA- | | | 10,000 | | | | 11,528,300 | |
Triborough Brdg & Tunl Auth | | 5.00 | % | 11/15/2029 | | AA- | | | 5,650 | | | | 7,068,432 | |
Triborough Brdg & Tunl Auth (NPFGC)(FGIC) | | 5.50 | % | 11/15/2021 | | A+ | | | 2,595 | | | | 2,770,370 | |
Washington D.C Met Area Transit | | 5.00 | % | 7/15/2032 | | AA | | | 3,880 | | | | 5,223,217 | |
Washington D.C Met Area Transit | | 5.00 | % | 7/15/2033 | | AA | | | 3,525 | | | | 4,710,034 | |
Wayne Co Arpt AMT | | 5.00 | % | 12/1/2026 | | A1 | | | 1,590 | | | | 1,861,572 | |
Wayne Co Arpt AMT | | 5.00 | % | 12/1/2027 | | A1 | | | 2,000 | | | | 2,332,580 | |
Total | | | | | | | | | | | | | 1,165,768,391 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities 10.63% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Albuquerque Bernalillo Co Wtr Util | | 5.00 | % | 7/1/2024 | | AA+ | | $ | 2,645 | | | $ | 3,120,386 | |
Albuquerque Bernalillo Co Wtr Util | | 5.00 | % | 7/1/2025 | | AA+ | | | 4,000 | | | | 4,710,200 | |
CA Dept Wtr Res Wtr - Central Valley | | 5.00 | % | 12/1/2021 | | NR | | | 45 | | | | 48,015 | |
CA Poll Ctl - Poseidon Res† | | 5.00 | % | 7/1/2039 | | Baa3 | | | 5,000 | | | | 5,696,900 | |
CA Poll Ctl - Poseidon Res AMT† | | 5.00 | % | 7/1/2037 | | Baa3 | | | 5,570 | | | | 5,781,103 | |
Central Plains - Goldman Sachs | | 5.00 | % | 9/1/2027 | | A3 | | | 7,525 | | | | 8,053,556 | |
Central Plains - Goldman Sachs | | 5.00 | % | 9/1/2035 | | BBB+ | | | 3,435 | | | | 4,476,801 | |
Chicago Wastewater | | 5.00 | % | 1/1/2029 | | A | | | 4,335 | | | | 5,111,962 | |
Chicago Wastewater | | 5.00 | % | 1/1/2030 | | A | | | 6,500 | | | | 7,611,695 | |
Chicago Water | | 5.00 | % | 11/1/2025 | | A | | | 2,625 | | | | 3,058,046 | |
Chicago Water (AGM) | | 5.00 | % | 11/1/2034 | | AA | | | 6,275 | | | | 7,331,898 | |
Chicago Water (AGM) | | 5.00 | % | 11/1/2035 | | AA | | | 5,000 | | | | 5,821,000 | |
Chicago Water (AGM) | | 5.25 | % | 11/1/2030 | | AA | | | 5,510 | | | | 6,691,013 | |
Clarion Co IDA - American Wtr AMT | | 2.45 | %#(a) | 12/1/2039 | | A+ | | | 2,250 | | | | 2,420,258 | |
Cleveland Public Pwr (AGM) | | 4.00 | % | 11/15/2034 | | AA | | | 1,000 | | | | 1,191,200 | |
Cleveland Public Pwr (AGM) | | 4.00 | % | 11/15/2036 | | AA | | | 1,000 | | | | 1,162,200 | |
Cleveland Public Pwr (AGM) | | 4.00 | % | 11/15/2038 | | AA | | | 1,000 | | | | 1,150,230 | |
Cleveland Public Pwr (AGM) | | 5.00 | % | 11/15/2033 | | AA | | | 2,000 | | | | 2,625,940 | |
DE EDA - NRG Energy | | 5.375 | % | 10/1/2045 | | Baa2 | | | 4,230 | | | | 4,240,067 | |
Detroit Sewer | | 5.00 | % | 7/1/2034 | | A+ | | | 2,200 | | | | 2,578,290 | |
Detroit Sewer | | 5.00 | % | 7/1/2035 | | A+ | | | 1,835 | | | | 2,139,922 | |
Energy Northwest - Bonneville Pwr | | 5.00 | % | 7/1/2033 | | Aa2 | | | 7,000 | | | | 9,446,780 | |
Farmington Poll Ctl - AZ Pub Svc | | 4.70 | % | 5/1/2024 | | A2 | | | 5,265 | | | | 5,332,550 | |
Guam Waterworks Auth | | 5.00 | % | 7/1/2029 | | A- | | | 1,000 | | | | 1,120,280 | |
Guam Waterworks Auth | | 5.00 | % | 7/1/2036 | | A- | | | 1,000 | | | | 1,140,890 | |
HI Dept Budget - Hawaiian Electric | | 3.20 | % | 7/1/2039 | | Baa2 | | | 11,120 | | | | 11,491,186 | |
HI Dept Budget - Hawaiian Electric AMT | | 3.10 | % | 5/1/2026 | | Baa2 | | | 7,000 | | | | 7,462,210 | |
Houston Util Sys | | 5.00 | % | 5/15/2022 | | AA | | | 3,000 | | | | 3,265,020 | |
Houston Util Sys | | 5.00 | % | 11/15/2023 | | AA | | | 4,000 | | | | 4,621,760 | |
Houston Util Sys | | 5.00 | % | 11/15/2026 | | AA | | | 5,355 | | | | 6,361,151 | |
Imperial Irrigation Dist | | 5.00 | % | 11/1/2032 | | AA- | | | 2,000 | | | | 2,404,460 | |
IN Muni Pwr | | 5.00 | % | 1/1/2033 | | A+ | | | 5,210 | | | | 6,517,085 | |
IN Muni Pwr | | 5.00 | % | 1/1/2034 | | A+ | | | 4,000 | | | | 4,984,400 | |
KY Muni Pwr - Prairie State Proj | | 3.45 | %#(a) | 9/1/2042 | | Baa1 | | | 5,935 | | | | 5,977,910 | |
KY Public Energy Auth - BP | | 4.00 | %#(a) | 1/1/2049 | | A1 | | | 6,375 | | | | 7,027,226 | |
KY Public Energy Auth - Morgan Stanley | | 4.00 | %#(a) | 4/1/2048 | | A3 | | | 3,200 | | | | 3,516,160 | |
Long Beach Nat Gas - ML | | 1.693% (3 Mo. LIBOR * .67 + 1.43 | %)# | 11/15/2026 | | A2 | | | 4,000 | | | | 3,969,760 | |
Long Island Power Auth | | 5.00 | % | 9/1/2034 | | A | | | 2,250 | | | | 2,763,495 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Los Angeles USD | | 5.00 | % | 7/1/2023 | | Aa3 | | $ | 10,000 | | | $ | 11,390,500 | |
Lower AL Gas Dist - Goldman Sachs | | 5.00 | % | 9/1/2031 | | A3 | | | 4,005 | | | | 5,099,246 | |
Lower Colo Riv Auth - Transmn Contract | | 5.00 | % | 5/15/2034 | | A | | | 3,190 | | | | 4,068,654 | |
Lower Colo Riv Auth - Transmn Contract | | 5.00 | % | 5/15/2035 | | A | | | 2,430 | | | | 3,084,180 | |
Lower Colo Riv Auth - Transmn Contract | | 5.00 | % | 5/15/2036 | | A | | | 5,055 | | | | 6,388,863 | |
Lower Colorado River Authority Transmission Services Corp | | 5.00 | % | 5/15/2036 | | A | | | 1,760 | | | | 2,224,411 | |
Luzerne Co IDA - American Wtr AMT | | 2.45 | %#(a) | 12/1/2039 | | A+ | | | 4,000 | | | | 4,335,520 | |
Main St Nat Gas - Citibank | | 4.00 | %#(a) | 3/1/2050 | | A3 | | | 13,170 | | | | 15,137,598 | |
Main St Nat Gas - ML | | 5.00 | % | 3/15/2021 | | A2 | | | 2,500 | | | | 2,563,375 | |
Maricopa Co Poll Cntrl - El Paso Elec | | 3.60 | % | 2/1/2040 | | BBB | | | 5,085 | | | | 5,371,896 | |
Maricopa Co Poll Cntrl - El Paso Elec | | 3.60 | % | 4/1/2040 | | BBB | | | 3,000 | | | | 3,167,910 | |
MEAG - Proj 1 | | 5.00 | % | 1/1/2021 | | A2 | | | 4,185 | | | | 4,261,083 | |
MI Strat Fund - Detroit Edison | | 1.45 | %#(a) | 8/1/2029 | | Aa3 | | | 3,500 | | | | 3,516,940 | |
MI Strat Fund - Detroit Edison | | 1.45 | %#(a) | 9/1/2030 | | Aa3 | | | 1,000 | | | | 1,004,840 | |
Miami Dade Co Wtr & Swr | | 5.00 | % | 10/1/2043 | | AA- | | | 6,485 | | | | 8,075,771 | |
Miami-Dade Co Wtr & Swr | | 4.00 | % | 10/1/2035 | | AA- | | | 5,000 | | | | 5,808,150 | |
MO Joint Muni Elec Util Commn | | 5.00 | % | 1/1/2023 | | A2 | | | 2,000 | | | | 2,228,720 | |
MO Joint Muni Elec Util Commn | | 5.00 | % | 1/1/2025 | | A2 | | | 1,500 | | | | 1,722,165 | |
Modesto Irrigation Dist | | 5.00 | % | 7/1/2023 | | A+ | | | 1,780 | | | | 2,020,638 | |
Modesto Irrigation Dist | | 5.00 | % | 7/1/2024 | | A+ | | | 3,720 | | | | 4,240,837 | |
Modesto Irrigation Dist | | 5.00 | % | 7/1/2025 | | A+ | | | 8,410 | | | | 9,592,951 | |
New Orleans Sewer | | 5.00 | % | 6/1/2021 | | A | | | 400 | | | | 416,428 | |
New York St Pwr Auth | | 4.00 | % | 11/15/2045 | | Aa1 | | | 3,325 | | | | 3,939,493 | |
North Sumter Co Util Dep Dist | | 5.00 | % | 10/1/2032 | | A- | | | 8,000 | | | | 8,400,880 | |
Northern CA Gas - Goldman Sachs | | 4.00 | %#(a) | 7/1/2049 | | A3 | | | 7,500 | | | | 8,300,550 | |
Northern CA Pwr - Hydroelec #1 | | 5.00 | % | 7/1/2026 | | A+ | | | 3,600 | | | | 3,910,788 | |
NYC Muni Water | | 4.00 | % | 6/15/2037 | | AA+ | | | 3,630 | | | | 4,303,982 | |
Omaha Pub Pwr Dist | | 5.00 | % | 2/1/2029 | | AA | | | 5,000 | | | | 6,132,850 | |
PA Econ Dev - PPL Electric Utility Rmkt | | 4.00 | % | 10/1/2023 | | A1 | | | 5,000 | | | | 5,045,350 | |
Philadelphia Gas Works | | 5.00 | % | 8/1/2026 | | A | | | 1,000 | | | | 1,169,860 | |
Philadelphia Gas Works | | 5.00 | % | 8/1/2027 | | A | | | 1,000 | | | | 1,167,730 | |
Philadelphia Gas Works | | 5.00 | % | 8/1/2028 | | A | | | 1,250 | | | | 1,517,275 | |
Philadelphia Gas Works | | 5.00 | % | 8/1/2029 | | A | | | 1,700 | | | | 2,055,045 | |
Philadelphia Gas Works | | 5.00 | % | 8/1/2030 | | A | | | 1,425 | | | | 1,714,118 | |
Philadelphia Gas Works | | 5.00 | % | 10/1/2033 | | A | | | 2,390 | | | | 2,790,827 | |
Philadelphia Water & Wastewater | | 5.00 | % | 11/1/2029 | | A+ | | | 3,185 | | | | 4,006,252 | |
Phoenix Civic Impt Corp - Water Sys | | 5.00 | % | 7/1/2027 | | AAA | | | 5,010 | | | | 5,906,089 | |
Piedmont Muni Pwr Agy | | 5.00 | % | 1/1/2022 | | A- | | | 4,750 | | | | 4,855,070 | |
Piedmont Muni Pwr Agy | | 5.00 | % | 1/1/2024 | | A- | | | 7,920 | | | | 8,083,706 | |
Pima Co IDA - Tucson Elec | | 4.95 | % | 10/1/2020 | | A- | | | 10,640 | | | | 10,759,700 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
PR Aqueduct & Swr Auth | | 5.00 | % | 7/1/2022 | | Ca | | $ | 4,690 | | | $ | 4,912,775 | |
PR Aqueduct & Swr Auth | | 5.25 | % | 7/1/2042 | | Ca | | | 3,625 | | | | 3,706,563 | |
PR Elec Pwr Auth(d) | | 5.00 | % | 7/1/2037 | | D | (c) | | 1,035 | | | | 721,913 | |
PR Elec Pwr Auth(d) | | 5.00 | % | 7/1/2042 | | D | (c) | | 2,390 | | | | 1,667,025 | |
PR Elec Pwr Auth(d) | | 5.50 | % | 7/1/2038 | | D | (c) | | 2,350 | | | | 1,650,875 | |
PR Elec Pwr Auth(d) | | 7.00 | % | 7/1/2033 | | D | (c) | | 4,000 | | | | 2,860,000 | |
PR Elec Pwr Auth(d) | | 7.00 | % | 7/1/2040 | | D | (c) | | 725 | | | | 518,375 | |
PR Elec Pwr Auth (AGM) | | 1.48% (3 Mo. LIBOR * .67 +.52 | %)# | 7/1/2029 | | AA | | | 5,720 | | | | 5,047,900 | |
Riverside Elec | | 5.00 | % | 10/1/2037 | | AA- | | | 4,000 | | | | 5,135,280 | |
Riverside Elec | | 5.00 | % | 10/1/2038 | | AA- | | | 5,000 | | | | 6,400,800 | |
SA Energy Acquisition Pub Fac - Goldman Sachs | | 5.50 | % | 8/1/2021 | | A3 | | | 2,360 | | | | 2,458,931 | |
Salt Verde Fin Corp - Citi | | 5.00 | % | 12/1/2037 | | A3 | | | 7,165 | | | | 9,514,045 | |
Salt Verde Fin Corp - Citi | | 5.25 | % | 12/1/2026 | | A3 | | | 7,500 | | | | 9,099,750 | |
Salt Verde Fin Corp - Citi | | 5.50 | % | 12/1/2029 | | A3 | | | 5,100 | | | | 6,636,222 | |
San Antonio Elec & Gas | | 5.00 | % | 2/1/2029 | | Aa1 | | | 7,340 | | | | 9,153,200 | |
San Antonio Elec & Gas | | 5.00 | % | 2/1/2030 | | Aa1 | | | 10,000 | | | | 12,433,600 | |
Seminole Co Wtr & Swr | | 5.00 | % | 10/1/2024 | | AA+ | | | 4,000 | | | | 4,762,680 | |
Stockton PFA - Wastewater (BAM) | | 5.00 | % | 9/1/2024 | | AA | | | 1,000 | | | | 1,164,810 | |
TEAC - Goldman Sachs | | 5.25 | % | 9/1/2021 | | A3 | | | 3,000 | | | | 3,125,280 | |
TEAC - Goldman Sachs | | 5.25 | % | 9/1/2024 | | A3 | | | 8,940 | | | | 10,166,658 | |
TEAC - Goldman Sachs | | 5.625 | % | 9/1/2026 | | BBB | (c) | | 5,000 | | | | 6,016,300 | |
Texas Water Dev Brd | | 3.00 | % | 10/15/2033 | | AAA | | | 4,000 | | | | 4,519,240 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2030 | | A- | (c) | | 300 | | | | 385,932 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2031 | | A- | (c) | | 300 | | | | 382,971 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2032 | | A- | (c) | | 500 | | | | 633,485 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2033 | | A- | (c) | | 900 | | | | 1,133,838 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2034 | | A- | (c) | | 970 | | | | 1,217,884 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2035 | | A- | (c) | | 900 | | | | 1,124,766 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2037 | | A- | (c) | | 675 | | | | 837,169 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2039 | | A- | (c) | | 1,400 | | | | 1,726,074 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2040 | | A- | (c) | | 1,500 | | | | 1,844,160 | |
TX Muni Gas Acq & Supply - Macquarie | | 5.00 | % | 12/15/2024 | | A3 | | | 23,000 | | | | 24,843,910 | |
TX Muni Gas Acq & Supply - Macquarie | | 5.00 | % | 12/15/2028 | | A3 | | | 2,000 | | | | 2,141,020 | |
TX Muni Gas Acq & Supply - Macquarie | | 5.00 | % | 12/15/2029 | | A3 | | | 2,225 | | | | 2,376,211 | |
TX Muni Gas Acq & Supply - ML | | 5.25 | % | 12/15/2021 | | A2 | | | 4,710 | | | | 4,970,133 | |
TX Muni Gas Acq & Supply - ML | | 5.25 | % | 12/15/2023 | | A2 | | | 2,925 | | | | 3,292,526 | |
TX Muni Gas Acq & Supply - ML | | 6.25 | % | 12/15/2026 | | A2 | | | 15,160 | | | | 17,631,687 | |
Utility Debt Sec Auth - Lipa | | 5.00 | % | 6/15/2028 | | AAA | | | 5,915 | | | | 7,312,241 | |
Western MN Muni Pwr Agy | | 5.00 | % | 1/1/2023 | | Aa3 | | | 1,500 | | | | 1,672,740 | |
WV EDA - Wheeling Pwr AMT | | 3.00 | %#(a) | 6/1/2037 | | A- | | | 9,400 | | | | 9,645,434 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Wyandotte CO Unified Govt Utility Sys | | 5.00 | % | 9/1/2021 | | A | | $ | 3,105 | | | $ | 3,271,055 | |
Total | | | | | | | | | | | | | 560,318,704 | |
Total Investments in Securities 99.08% (cost $5,014,297,371) | | | | | | | | | | 5,224,884,368 | |
Cash and Other Assets in Excess of Liabilities 0.92% | | | | | | | | | | 48,665,312 | |
Net Assets 100.00% | | | | | | | | | | | | $ | 5,273,549,680 | |
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. |
FNMA | Federal National Mortgage Association. |
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. |
| |
# | Variable rate security. The interest rate represents the rate in effect at June 30, 2020. |
† | 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 June 30, 2020, the total value of Rule 144A securities was $168,099,255, which represents 3.19% of net assets. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon until designated future date. |
(b) | Securities purchased on a when-issued basis. |
(c) | This investment has been rated by Fitch IBCA. |
(d) | Defaulted (non-income producing security). |
(e) | 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. |
(f) | Stub Rights issued in connection with a plan of reorganization. |
(g) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security fair valued by the Pricing Committee. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - INTERMEDIATE TAX FREE FUND June 30, 2020
The following is a summary of the inputs used as of June 30, 2020 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 | | $ | — | | | $ | 426,095,833 | | | $ | 4,384,000 | | | $ | 430,479,833 | |
General Obligation | | | — | | | | 934,249,346 | | | | 812,648 | | | | 935,061,994 | |
Lease Obligations | | | — | | | | 326,884,938 | | | | 247,520 | | | | 327,132,458 | |
Other Revenue | | | — | | | | 215,012,277 | | | | 420,040 | | | | 215,432,317 | |
Special Tax | | | — | | | | 103,854,027 | | | | 550,000 | | | | 104,404,027 | |
Remaining Industries | | | — | | | | 3,212,373,739 | | | | — | | | | 3,212,373,739 | |
Total | | $ | — | | | $ | 5,218,470,160 | | | $ | 6,414,208 | | | $ | 5,224,884,368 | |
(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) | | | (152,467 | ) |
Purchases | | | — | |
Sales | | | — | |
Transfers into Level 3 | | | 2,927,115 | |
Transfers out of Level 3 | | | — | |
Balance as of June 30, 2020 | | $ | 6,414,208 | |
Change in unrealized appreciation/depreciation for the period ended June 30, 2020, related to Level 3 investments held at June 30, 2020 | | $ | (152,467 | ) |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
MUNICIPAL BONDS 98.47% |
|
Corporate-Backed 7.70% |
|
AZ IDA | | | 3.625 | % | | 5/20/2033 | | BBB | | $ | 8,653 | | | $ | 9,005,843 | |
CA Poll Ctl - Poseidon Res AMT† | | | 5.00 | % | | 11/21/2045 | | Baa3 | | | 13,775 | | | | 14,234,809 | |
CA Poll Ctl - Waste Mgmt AMT | | | 4.30 | % | | 7/1/2040 | | A- | | | 2,575 | | | | 2,966,452 | |
Chandler AZ IDA - Intel Corp AMT | | | 2.70 | %#(a) | | 12/1/2037 | | A+ | | | 4,000 | | | | 4,205,120 | |
Columbus Co Ind Facs - Intl Paper | | | 5.70 | % | | 5/1/2034 | | BBB | | | 2,165 | | | | 2,167,598 | |
Fort Bend IDC - NRG Energy | | | 4.75 | % | | 5/1/2038 | | Baa2 | | | 3,500 | | | | 3,570,560 | |
Gloucester Co Poll Ctl - Logan AMT | | | 5.00 | % | | 12/1/2024 | | BBB- | | | 845 | | | | 880,718 | |
Hoover IDA - US Steel AMT | | | 5.75 | % | | 10/1/2049 | | B- | | | 6,100 | | | | 5,252,954 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/15/2028 | | BB- | | | 2,400 | | | | 2,489,448 | |
IA Fin Auth - Alcoa | | | 4.75 | % | | 8/1/2042 | | BBB- | | | 5,000 | | | | 5,061,050 | |
IA Fin Auth - Iowa Fertilizer Co | | | 3.125 | % | | 12/1/2022 | | BB- | | | 1,875 | | | | 1,893,919 | |
IA Fin Auth - Iowa Fertilizer Co | | | 5.25 | % | | 12/1/2025 | | BB- | | | 8,000 | | | | 8,354,800 | |
IL State GO | | | 5.00 | % | | 12/1/2036 | | BBB- | | | 6,700 | | | | 7,134,830 | |
IN Fin Auth - OH River Brdgs AMT | | | 5.00 | % | | 7/1/2048 | | BBB+ | | | 1,400 | | | | 1,483,916 | |
IN Fin Auth - OVEC(b) | | | 3.00 | % | | 11/1/2030 | | BBB- | (c) | | 1,250 | | | | 1,286,288 | |
IN Fin Auth - OVEC(b) | | | 3.00 | % | | 11/1/2030 | | BBB- | (c) | | 1,250 | | | | 1,286,288 | |
IN Fin Auth - OVEC(b) | | | 3.00 | % | | 11/1/2030 | | BBB- | (c) | | 1,000 | | | | 1,029,030 | |
LA Env Facs - Westlake Chem | | | 3.50 | % | | 11/1/2032 | | Baa2 | | | 19,530 | | | | 20,350,846 | |
LA Env Facs - Westlake Chem | | | 6.50 | % | | 11/1/2035 | | Baa2 | | | 500 | | | | 506,715 | |
LA St John Parish - Marathon Oil | | | 2.00 | %#(a) | | 6/1/2037 | | BBB- | | | 8,990 | | | | 8,918,440 | |
LA St John Parish - Marathon Oil | | | 2.10 | %#(a) | | 6/1/2037 | | BBB- | | | 3,000 | | | | 2,935,560 | |
Love Field Arpt - Southwest Airlines | | | 5.25 | % | | 11/1/2040 | | Baa1 | | | 3,840 | | | | 3,861,965 | |
Love Field Arpt - Southwest Airlines AMT | | | 5.00 | % | | 11/1/2028 | | Baa1 | | | 2,775 | | | | 2,853,921 | |
Matagorda Co Nav Dist - AEP TX Central | | | 2.60 | % | | 11/1/2029 | | A- | | | 7,100 | | | | 7,223,611 | |
MD EDC - AFCO AMT | | | 4.00 | % | | 7/1/2039 | | BBB | | | 4,625 | | | | 5,037,550 | |
MD EDC - Chesapeake Bay Hyatt(d) | | 5.00 | % | | 12/1/2016 | | NR | | | 855 | | | | 513,000 | (e) |
Mission Econ Dev Corp - Natgasoline AMT† | | | 4.625 | % | | 10/1/2031 | | BB- | | | 5,250 | | | | 5,515,335 | |
National Fin Auth NH - Covanta† | | | 4.625 | % | | 11/1/2042 | | B1 | | | 1,500 | | | | 1,510,635 | |
NH National Fin Auth - Covanta AMT† | | | 4.875 | % | | 11/1/2042 | | B1 | | | 5,000 | | | | 5,070,200 | |
NH National Fin Auth - Hsg Sec | | | 4.125 | % | | 1/20/2034 | | NR | | | 6,962 | | | | 7,474,797 | |
Niagara Area Dev Corp - Covanta† | | | 3.50 | % | | 11/1/2024 | | B1 | | | 2,500 | | | | 2,507,775 | |
Niagara Area Dev Corp - Covanta AMT† | | | 4.75 | % | | 11/1/2042 | | B1 | | | 5,000 | | | | 5,052,850 | |
NY Energy RDA - NYSEGC | | | 3.50 | % | | 10/1/2029 | | A- | | | 800 | | | | 906,344 | |
NY Env Facs - Casella Waste AMT† | | | 3.125 | %#(a) | | 12/1/2044 | | B | | | 3,000 | | | | 2,986,320 | |
NY Liberty Dev Corp - 3 WTC† | | | 5.00 | % | | 11/15/2044 | | NR | | | 3,500 | | | | 3,633,175 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Corporate-Backed (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NY Trans Dev Corp - American Airlines AMT | | | 5.25 | % | | 8/1/2031 | | B- | | $ | 2,950 | | | $ | 3,050,211 | |
NY Trans Dev Corp - American Airlines AMT | | | 5.375 | % | | 8/1/2036 | | B- | | | 1,500 | | | | 1,552,455 | |
NYC Cap Res - Arthur Mgmt | | | 7.00 | % | | 8/1/2025 | | NR | | | 5,765 | | | | 5,795,785 | |
NYC IDA - TRIPS AMT | | | 5.00 | % | | 7/1/2028 | | BBB+ | | | 10,980 | | | | 11,611,240 | |
OH Air Dev Auth - AEP | | | 2.40 | %#(a) | | 12/1/2038 | | BBB+ | | | 1,665 | | | | 1,692,173 | |
OH Air Dev Auth - AEP AMT | | | 2.10 | %#(a) | | 7/1/2028 | | BBB+ | | | 5,000 | | | | 5,047,150 | |
OH Air Dev Auth - AEP AMT | | | 2.50 | %#(a) | | 8/1/2040 | | BBB+ | | | 2,500 | | | | 2,597,500 | |
OH Air Dev Auth - AEP AMT | | | 2.60 | %#(a) | | 6/1/2041 | | BBB+ | | | 1,960 | | | | 2,000,454 | |
OH Air Dev Auth - OVEC | | | 3.25 | % | | 9/1/2029 | | Ba1 | | | 3,450 | | | | 3,552,948 | |
OH Air Quality - AMG Vanadium AMT† | | | 5.00 | % | | 7/1/2049 | | B | | | 4,630 | | | | 4,670,049 | |
OH Air Quality - Pratt Paper AMT† | | | 4.50 | % | | 1/15/2048 | | NR | | | 2,000 | | | | 2,072,680 | |
PA EDA - Covanta AMT† | | | 3.25 | % | | 8/1/2039 | | B1 | | | 5,535 | | | | 4,882,700 | |
PA EDA - US Airways | | | 8.00 | % | | 5/1/2029 | | B- | | | 1,475 | | | | 1,478,658 | (e) |
Parish of St James - Nustar Logistics† | | | 5.85 | %#(a) | | 8/1/2041 | | BB- | | | 1,000 | | | | 1,085,000 | |
Parish of St James - Nustar Logistics† | | | 6.10 | %#(a) | | 12/1/2040 | | BB- | | | 1,250 | | | | 1,459,700 | |
Parish of St James - Nustar Logistics† | | | 6.35 | % | | 7/1/2040 | | BB- | | | 3,250 | | | | 3,817,482 | |
Parish of St James - Nustar Logistics† | | | 6.35 | % | | 10/1/2040 | | BB- | | | 2,500 | | | | 2,936,525 | |
Phenix City IDB - Meadwestvaco | | | 3.625 | % | | 5/15/2030 | | BBB | | | 3,050 | | | | 3,105,815 | |
Port Beaumont Nav Dis - Jefferson Rail AMT† | | | 4.00 | % | | 1/1/2050 | | NR | | | 3,150 | | | | 3,023,402 | |
Richland Co Env Impt - Intl Paper AMT | | | 3.875 | % | | 4/1/2023 | | BBB | | | 6,625 | | | | 7,126,711 | |
Salem Co Poll Ctl - Chambers AMT | | | 5.00 | % | | 12/1/2023 | | BBB | | | 10,480 | | | | 10,987,756 | |
Selma IDB - Intl Paper | | | 2.00 | %#(a) | | 11/1/2033 | | BBB | | | 2,000 | | | | 2,069,420 | |
Tuscaloosa IDA - Hunt Refining† | | | 4.50 | % | | 5/1/2032 | | NR | | | 4,500 | | | | 4,849,740 | |
Tuscaloosa IDA - Hunt Refining† | | | 5.25 | % | | 5/1/2044 | | NR | | | 3,300 | | | | 3,611,883 | |
VA Small Bus Fing - Covanta AMT† | | | 5.00 | %#(a) | | 1/1/2048 | | B- | | | 910 | | | | 930,302 | |
Valparaiso Facs - Pratt Paper AMT | | | 7.00 | % | | 1/1/2044 | | NR | | | 2,000 | | | | 2,140,760 | |
Warren Co - Intl Paper | | | 5.80 | % | | 5/1/2034 | | BBB | | | 100 | | | | 100,122 | |
Waste Management Inc AMT | | | 1.75 | %#(a) | | 8/1/2038 | | A- | | | 5,500 | | | | 5,553,020 | |
West Pace Coop Dist(d) | | | 9.125 | % | | 5/1/2039 | | NR | | | 4,900 | | | | 2,842,000 | (e) |
WI PFA - American Dream† | | | 5.00 | % | | 12/1/2027 | | NR | | | 2,000 | | | | 1,774,740 | |
WI PFA - American Dream† | | | 6.50 | % | | 12/1/2037 | | NR | | | 3,000 | | | | 2,639,400 | |
WI PFA - Celanese AMT | | | 4.30 | % | | 11/1/2030 | | BBB- | | | 1,000 | | | | 1,077,910 | |
WI Pub Fin Auth - Celanese | | | 4.05 | % | | 11/1/2030 | | BBB- | | | 500 | | | | 535,060 | |
Total | | | | | | | | | | | | | | | 270,833,413 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Education 4.25% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Build NYC Res Corp - CUNY | | | 5.00 | % | | 6/1/2034 | | Aa2 | | $ | 325 | | | $ | 377,897 | |
Build NYC Res Corp - NY Law | | | 4.00 | % | | 7/1/2045 | | BBB- | | | 2,445 | | | | 2,337,371 | |
CA Ed Facs - Chapman Univ | | | 5.00 | % | | 4/1/2045 | | A2 | | | 5,000 | | | | 5,531,850 | |
CA Ed Facs - Stanford Univ | | | 5.00 | % | | 5/1/2045 | | AAA | | | 5,505 | | | | 8,893,162 | |
CA Sch Fin Auth - Green Dot Schs† | | | 5.00 | % | | 8/1/2045 | | BBB- | | | 1,500 | | | | 1,624,920 | |
Cap Trust Ed - Advantage Charter Scho | | | 5.00 | % | | 12/15/2049 | | Baa3 | | | 1,000 | | | | 1,065,400 | |
Cap Trust Ed - Advantage Charter Scho | | | 5.00 | % | | 12/15/2054 | | Baa3 | | | 700 | | | | 742,196 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2044 | | BB- | | | 1,750 | | | | 1,835,418 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2046 | | BB- | | | 3,500 | | | | 3,666,215 | |
CT Hlth & Ed - Univ of Hartford | | | 4.00 | % | | 7/1/2044 | | BBB- | | | 3,605 | | | | 3,611,958 | |
CT Hlth & Ed - Univ of Hartford | | | 4.00 | % | | 7/1/2049 | | BBB- | | | 3,250 | | | | 3,230,500 | |
Davie Edu Facs - Nova Southeastern Univ | | | 6.00 | % | | 4/1/2042 | | A- | | | 3,040 | | | | 3,487,488 | |
Detroit Sch Dist | | | 5.00 | % | | 5/1/2029 | | Aa1 | | | 4,000 | | | | 4,281,840 | |
Dutchess Co LDC - Anderson Ctr | | | 6.00 | % | | 10/1/2030 | | BB+ | | | 870 | | | | 873,541 | |
FL HI Ed - Nova Southeastern Univ | | | 5.00 | % | | 4/1/2033 | | A- | | | 1,475 | | | | 1,691,088 | |
FL HI Ed - Nova Southeastern Univ | | | 5.00 | % | | 4/1/2036 | | A- | | | 2,000 | | | | 2,268,940 | |
FL HI Ed - Nova Southeastern Univ | | | 6.375 | % | | 4/1/2031 | | A- | | | 475 | | | | 496,223 | |
FL Hi Ed - Saint Leo Univ | | | 5.00 | % | | 3/1/2049 | | BBB- | | | 1,640 | | | | 1,747,945 | |
Fulton Co Dev - Tuff/Atlanta Hsg | | | 5.00 | % | | 9/1/2032 | | A+ | | | 775 | | | | 800,614 | |
Hempstead Town LDC - Adelphi Univ | | | 5.00 | % | | 10/1/2034 | | A- | | | 175 | | | | 193,573 | |
IL Fin Auth - IL Inst of Tech | | | 4.00 | % | | 9/1/2037 | | Baa3 | | | 3,115 | | | | 3,189,386 | |
IL Fin Auth - IL Inst of Tech | | | 4.00 | % | | 9/1/2039 | | Baa3 | | | 2,295 | | | | 2,337,274 | |
IL Fin Auth - IL Inst of Tech | | | 5.00 | % | | 9/1/2040 | | Baa3 | | | 2,020 | | | | 2,232,928 | |
IL Fin Auth - Univ Chicago | | | 4.00 | % | | 10/1/2049 | | Aa2 | | | 6,000 | | | | 6,337,320 | |
MA DFA - Suffolk Univ | | | 5.00 | % | | 7/1/2030 | | Baa2 | | | 1,500 | | | | 1,746,210 | |
MA DFA - Suffolk Univ | | | 5.00 | % | | 7/1/2032 | | Baa2 | | | 3,750 | | | | 4,310,850 | |
MA DFA - Suffolk Univ | | | 5.00 | % | | 7/1/2033 | | Baa2 | | | 1,250 | | | | 1,424,788 | |
MA DFA - Suffolk Univ | | | 5.00 | % | | 7/1/2034 | | Baa2 | | | 1,000 | | | | 1,137,990 | |
Miami Dade Cnty Ed Facs - Univ of Miami FL | | | 5.00 | % | | 4/1/2053 | | A- | | | 5,000 | | | | 5,727,550 | |
Nashville Hlth & Ed - Lipscomb U | | | 5.25 | % | | 10/1/2058 | | BBB | | | 5,000 | | | | 5,465,850 | |
NY Dorm - Mt Sinai Sch Med | | | 5.00 | % | | 7/1/2040 | | A- | | | 5,000 | | | | 5,546,200 | |
NY Dorm - NYU | | | 5.00 | % | | 7/1/2030 | | Aa2 | | | 2,155 | | | | 2,454,911 | |
NY Dorm - NYU | | | 5.00 | % | | 7/1/2031 | | Aa2 | | | 4,215 | | | | 4,801,602 | |
NY Dorm - Pace Univ | | | 5.00 | % | | 5/1/2029 | | NR | | | 10 | | | | 11,299 | |
NY Dorm - Pace Univ | | | 5.00 | % | | 5/1/2029 | | BBB- | | | 245 | | | | 262,794 | |
NY Dorm - Touro Clg | | | 5.00 | % | | 1/1/2047 | | BBB- | (c) | | 6,500 | | | | 6,845,735 | |
NY Dorm - Touro Clg | | | 5.50 | % | | 1/1/2039 | | BBB- | (c) | | 2,450 | | | | 2,602,684 | |
NYC IDA - Yankee Stadium (AGC) | | | Zero Coupon | | | 3/1/2030 | | AA | | | 8,000 | | | | 6,539,120 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Education (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
PA Hi Ed - St Josephs Univ | | | 5.00 | % | | 11/1/2030 | | A- | | $ | 905 | | | $ | 918,946 | |
Univ of CT | | | 5.25 | % | | 11/15/2047 | | Aa3 | | | 8,000 | | | | 9,858,000 | |
Univ of Illinois (AGM) | | | 4.00 | % | | 4/1/2038 | | AA | | | 4,965 | | | | 5,489,453 | |
Univ of North Carolina - Wilmington | | | 5.00 | % | | 6/1/2037 | | A1 | | | 7,055 | | | | 7,904,351 | |
University of Houston | | | 3.00 | % | | 2/15/2044 | | AA | | | 5,530 | | | | 5,822,703 | |
WA Htlh & Ed - Seattle Univ(b) | | | 4.00 | % | | 5/1/2045 | | A | | | 550 | | | | 606,128 | |
WA Htlh & Ed - Seattle Univ(b) | | | 4.00 | % | | 5/1/2050 | | A | | | 3,475 | | | | 3,793,796 | |
WI PFA - Wingate Univ | | | 5.25 | % | | 10/1/2038 | | BBB | | | 2,220 | | | | 2,383,991 | |
WI PFA - Wingate Univ | | | 5.25 | % | | 10/1/2043 | | BBB | | | 1,000 | | | | 1,061,210 | |
Total | | | | | | | | | | | | | | | 149,571,208 | |
| | | | | | | | | | | | | | | | |
Energy 0.66% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Main St Nat Gas - Macquarie | | | 5.00 | % | | 5/15/2038 | | A3 | | | 3,745 | | | | 4,862,059 | |
New Mexico Energy Acq Auth - RBC | | | 5.00 | %#(a) | | 11/1/2039 | | Aa2 | | | 10,000 | | | | 11,768,300 | |
TX Muni Gas Acq & Supply - Macquarie | | | 5.00 | % | | 12/15/2030 | | A3 | | | 6,285 | | | | 6,696,416 | |
Total | | | | | | | | | | | | | | | 23,326,775 | |
| | | | | | | | | | | | | | | | |
Financial Services 0.22% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
MA Ed Fin Auth AMT | | | 4.125 | % | | 7/1/2046 | | BBB | | | 5,000 | | | | 5,124,250 | |
NJ Higher Ed Assistance Auth AMT | | | 3.75 | % | | 12/1/2031 | | Aaa | | | 2,500 | | | | 2,610,125 | |
Total | | | | | | | | | | | | | | | 7,734,375 | |
| | | | | | | | | | | | | | | | |
General Obligation 12.19% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Atlantic City Brd Ed (AGM) | | | 6.00 | % | | 4/1/2034 | | AA | | | 550 | | | | 572,187 | |
Beaverton Sch Dist | | | 5.00 | %#(a) | | 6/15/2036 | | AA+ | | | 8,000 | | | | 9,951,680 | |
Bellwood GO | | | 6.15 | % | | 12/1/2032 | | A | | | 2,765 | | | | 3,026,486 | |
CA State GO | | | 4.00 | % | | 9/1/2037 | | Aa2 | | | 5,000 | | | | 5,680,000 | |
CA State GO | | | 5.00 | % | | 4/1/2032 | | Aa2 | | | 2,450 | | | | 3,480,323 | |
CA State GO | | | 5.00 | % | | 2/1/2033 | | Aa2 | | | 10,000 | | | | 10,655,400 | |
CA State GO | | | 5.00 | % | | 8/1/2038 | | Aa2 | | | 3,700 | | | | 4,472,634 | |
CA State GO | | | 5.25 | % | | 8/1/2032 | | Aa2 | | | 7,500 | | | | 9,098,475 | |
CA State GO | | | 5.375 | % | | 11/1/2035 | | Aa2 | | | 400 | | | | 406,092 | |
Carlsbad USD | | | 3.125 | % | | 8/1/2048 | | Aa1 | | | 2,000 | | | | 2,148,260 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2029 | | BB- | | | 2,000 | | | | 2,195,500 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2030 | | BB- | | | 2,070 | | | | 2,268,968 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2031 | | BB- | | | 1,000 | | | | 1,090,900 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2032 | | BB- | | | 1,250 | | | | 1,365,450 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2033 | | BB- | | | 1,750 | | | | 1,902,582 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
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 | % | | 12/1/2042 | | BB- | | $ | 575 | | | $ | 583,453 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2046 | | BB- | | | 1,500 | | | | 1,579,260 | |
Chicago Brd Ed | | | 6.50 | % | | 12/1/2046 | | BB- | | | 1,100 | | | | 1,259,841 | |
Chicago Brd Ed† | | | 7.00 | % | | 12/1/2046 | | BB- | | | 1,200 | | | | 1,440,876 | |
Chicago Brd Ed (AGM) | | | 5.00 | % | | 12/1/2027 | | AA | | | 1,850 | | | | 2,150,329 | |
Chicago GO | | | 5.00 | % | | 1/1/2026 | | BBB+ | | | 5,175 | | | | 5,584,291 | |
Chicago GO | | | 5.00 | % | | 1/1/2029 | | BBB+ | | | 3,000 | | | | 3,318,990 | |
Chicago GO | | | 5.00 | % | | 1/1/2030 | | BBB+ | | | 2,000 | | | | 2,230,360 | |
Chicago GO | | | 5.00 | % | | 1/1/2033 | | BBB+ | | | 2,340 | | | | 2,377,955 | |
Chicago GO | | | 5.00 | % | | 1/1/2034 | | BBB+ | | | 4,150 | | | | 4,213,744 | |
Chicago GO | | | 5.00 | % | | 1/1/2034 | | BBB+ | | | 5,500 | | | | 5,773,020 | |
Chicago GO | | | 5.00 | % | | 1/1/2040 | | BBB+ | | | 5,000 | | | | 5,020,450 | |
Chicago GO | | | 5.50 | % | | 1/1/2034 | | BBB+ | | | 2,400 | | | | 2,579,880 | |
Chicago GO | | | 5.50 | % | | 1/1/2035 | | BBB+ | | | 230 | | | | 246,746 | |
Chicago GO | | | 5.50 | % | | 1/1/2037 | | BBB+ | | | 2,745 | | | | 2,932,127 | |
Chicago GO | | | 5.50 | % | | 1/1/2042 | | BBB+ | | | 5,000 | | | | 5,301,300 | |
Chicago GO | | | 5.50 | % | | 1/1/2049 | | BBB+ | | | 10,625 | | | | 11,659,237 | |
Chicago GO | | | 5.625 | % | | 1/1/2030 | | BBB+ | | | 525 | | | | 596,243 | |
Chicago GO | | | 6.00 | % | | 1/1/2038 | | BBB+ | | | 19,430 | | | | 21,966,586 | |
Chicago O’Hare Arpt AMT | | | 5.00 | % | | 1/1/2052 | | A | | | 9,375 | | | | 10,653,844 | |
Clark Co SD (AGM) | | | 4.00 | % | | 6/15/2038 | | AA | | | 1,200 | | | | 1,397,940 | |
Clark Co SD (AGM) | | | 4.00 | % | | 6/15/2040 | | AA | | | 1,975 | | | | 2,287,326 | |
Cook Co GO | | | 5.00 | % | | 11/15/2030 | | A+ | | | 1,000 | | | | 1,119,130 | |
Cook Co GO | | | 5.00 | % | | 11/15/2031 | | A+ | | | 2,150 | | | | 2,394,498 | |
Cook Co GO | | | 5.00 | % | | 11/15/2034 | | A+ | | | 500 | | | | 550,695 | |
Cook Co GO | | | 5.00 | % | | 11/15/2035 | | A+ | | | 1,000 | | | | 1,097,900 | |
Cook Co GO | | | 5.25 | % | | 11/15/2024 | | A+ | | | 1,500 | | | | 1,558,380 | |
Cook Co GO TCRS (BAM) | | | 5.00 | % | | 11/15/2024 | | AA | | | 10,000 | | | | 10,948,300 | |
CT State GO | | | 4.00 | % | | 6/1/2037 | | A1 | | | 1,000 | | | | 1,158,720 | |
CT State GO | | | 4.00 | % | | 6/15/2037 | | A1 | | | 975 | | | | 1,109,238 | |
CT State GO | | | 4.00 | % | | 6/1/2038 | | A1 | | | 750 | | | | 866,145 | |
CT State GO | | | 4.00 | % | | 6/1/2039 | | A1 | | | 600 | | | | 690,810 | |
CT State GO | | | 5.00 | % | | 11/1/2027 | | A1 | | | 10,000 | | | | 10,534,900 | |
CT State GO | | | 5.00 | % | | 11/1/2028 | | A1 | | | 10,000 | | | | 10,526,700 | |
CT State GO | | | 5.00 | % | | 6/15/2032 | | A1 | | | 1,250 | | | | 1,552,412 | |
CT State GO | | | 5.00 | % | | 6/15/2033 | | A1 | | | 1,250 | | | | 1,543,763 | |
CT State GO | | | 5.00 | % | | 4/15/2036 | | A1 | | | 1,150 | | | | 1,425,943 | |
CT State GO | | | 5.00 | % | | 6/15/2038 | | A1 | | | 1,000 | | | | 1,215,450 | |
CT State GO | | | 5.00 | % | | 4/15/2039 | | A1 | | | 1,650 | | | | 2,027,503 | |
Delaware Co IDA - Covanta | | | 5.00 | % | | 7/1/2043 | | Ba3 | | | 500 | | | | 500,710 | |
Essex Co Impt Auth - Covanta AMT† | | | 5.25 | % | | 7/1/2045 | | Ba3 | | | 4,000 | | | | 4,011,080 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
General Obligation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Greensboro GO | | | 2.125 | % | | 6/1/2039 | | AAA | | $ | 1,000 | | | $ | 998,430 | |
Greensboro GO | | | 2.125 | % | | 6/1/2040 | | AAA | | | 1,000 | | | | 984,960 | |
Greensboro GO | | | 2.50 | % | | 6/1/2050 | | AAA | | | 12,235 | | | | 12,244,788 | |
Hamilton Co Sch Dist GO | | | 4.00 | % | | 1/15/2055 | | Aa2 | | | 7,000 | | | | 7,743,680 | |
Hillsborough Co | | | 3.25 | % | | 8/1/2048 | | AAA | | | 7,690 | | | | 8,338,651 | |
IL State GO | | | 4.00 | % | | 11/1/2043 | | BBB- | | | 8,970 | | | | 8,769,520 | |
IL State GO | | | 5.00 | % | | 3/1/2030 | | BBB- | | | 6,500 | | | | 6,627,465 | |
IL State GO | | | 5.00 | % | | 1/1/2033 | | BBB- | | | 4,075 | | | | 4,138,407 | |
IL State GO | | | 5.00 | % | | 1/1/2035 | | BBB- | | | 6,200 | | | | 6,515,766 | |
IL State GO | | | 5.00 | % | | 5/1/2038 | | BBB- | | | 4,515 | | | | 4,821,975 | |
IL State GO | | | 5.00 | % | | 1/1/2041 | | BBB- | | | 3,580 | | | | 3,758,714 | |
IL State GO | | | 5.50 | % | | 5/1/2030 | | BBB- | | | 2,545 | | | | 2,905,983 | |
IL State GO | | | 5.50 | % | | 7/1/2033 | | BBB- | | | 9,470 | | | | 9,935,735 | |
IL State GO | | | 5.50 | % | | 7/1/2038 | | BBB- | | | 5,345 | | | | 5,591,992 | |
IL State GO | | | 5.50 | % | | 5/1/2039 | | BBB- | | | 8,250 | | | | 9,297,255 | |
Irvine USD - Spl Tax (BAM) | | | 5.00 | % | | 9/1/2056 | | AA | | | 500 | | | | 586,800 | |
Kendall Kane & WIll Co CUSD #308 | | | 5.00 | % | | 2/1/2029 | | A2 | | | 1,000 | | | | 1,024,630 | |
King Co Pub Hsp - Snoqualmie Vly Hsp | | | 5.00 | % | | 12/1/2038 | | NR | | | 5,000 | | | | 5,163,150 | |
Luzerne Co GO (AGM) | | | 5.00 | % | | 11/15/2029 | | AA | | | 4,215 | | | | 5,055,092 | |
MA State GO | | | 4.00 | % | | 5/1/2048 | | Aa1 | | | 1,000 | | | | 1,143,140 | |
MI Strategic Fund - I-75 AMT (AGM) | | | 4.25 | % | | 12/31/2038 | | AA | | | 2,500 | | | | 2,762,500 | |
Middletown CSD | | | 5.25 | % | | 12/1/2040 | | AA | | | 2,500 | | | | 2,795,475 | |
Midlothian Water Dist (AGM) | | | Zero Coupon | | | 9/1/2022 | | AA | | | 2,000 | | | | 1,922,960 | |
NJ Trans Trust Fund | | | Zero Coupon | | | 12/15/2029 | | BBB+ | | | 15,195 | | | | 10,986,289 | |
NJ Trans Trust Fund (NPFGC)(FGIC) | | | Zero Coupon | | | 12/15/2030 | | BBB+ | | | 6,910 | | | | 4,807,080 | |
NYC GO | | | 5.00 | % | | 8/1/2027 | | Aa1 | | | 6,575 | | | | 7,404,896 | |
PA State GO | | | 4.00 | % | | 9/15/2030 | | Aa3 | | | 10,000 | | | | 11,622,300 | |
PA State GO | | | 4.00 | % | | 3/1/2037 | | Aa3 | | | 4,255 | | | | 4,952,820 | |
Perris UHSD (AGM) | | | 3.00 | % | | 9/1/2044 | | AA | | | 2,750 | | | | 2,906,255 | |
Philadelphia GO | | | 5.00 | % | | 8/1/2036 | | A | | | 8,990 | | | | 10,886,081 | |
Philadelphia GO | | | 5.00 | % | | 8/1/2037 | | A | | | 3,250 | | | | 3,925,155 | |
Philadelphia GO | | | 5.25 | % | | 7/15/2031 | | A | | | 2,000 | | | | 2,301,460 | |
Philadelphia GO | | | 5.25 | % | | 7/15/2032 | | A | | | 3,000 | | | | 3,452,190 | |
Philadelphia GO | | | 5.25 | % | | 7/15/2033 | | A | | | 1,000 | | | | 1,150,730 | |
Philadelphia Sch Dist | | | 4.00 | % | | 9/1/2038 | | A2 | | | 2,200 | | | | 2,525,446 | |
Philadelphia Sch Dist | | | 4.00 | % | | 9/1/2039 | | A2 | | | 5,600 | | | | 6,410,432 | |
Philadelphia Sch Dist | | | 5.00 | % | | 9/1/2037 | | A2 | | | 1,200 | | | | 1,417,500 | |
Philadelphia Sch Dist | | | 5.00 | % | | 9/1/2038 | | A2 | | | 1,000 | | | | 1,178,700 | |
Pittsburgh GO (BAM) | | | 5.00 | % | | 9/1/2029 | | AA | | | 1,100 | | | | 1,287,671 | |
Pittsburgh GO (BAM) | | | 5.00 | % | | 9/1/2030 | | AA | | | 1,585 | | | | 1,852,580 | |
Pittsburgh GO (BAM) | | | 5.00 | % | | 9/1/2032 | | AA | | | 1,160 | | | | 1,353,244 | |
PR Comwlth GO(d) | | | 4.75 | % | | 7/1/2018 | | NR | | | 370 | | | | 246,050 | (e) |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
General Obligation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
PR Comwlth GO(d) | | | 5.50 | % | | 7/1/2027 | | Ca | | $ | 1,040 | | | $ | 682,500 | |
PR Comwlth GO(d) | | | 5.50 | % | | 7/1/2039 | | Ca | | | 3,000 | | | | 1,968,750 | |
PR Pub Bldg Auth GTD (AGC) | | | 5.00 | % | | 7/1/2036 | | AA | | | 155 | | | | 155,618 | |
San Diego USD | | | 3.25 | % | | 7/1/2048 | | Aa2 | | | 3,815 | | | | 4,124,664 | |
San Francisco Arpt AMT | | | 5.25 | % | | 5/1/2042 | | A+ | | | 4,000 | | | | 4,737,200 | |
Stockton USD (AGM) | | | 5.00 | % | | 7/1/2028 | | AA | | | 750 | | | | 813,803 | |
Sweetwater UHSD (BAM) | | | 5.00 | % | | 8/1/2027 | | AA | | | 500 | | | | 573,415 | |
Tuscaloosa Co Brd of Ed | | | 5.00 | % | | 8/1/2046 | | AA- | | | 5,000 | | | | 5,881,950 | |
Union Co Util Auth - Covanta GTD AMT | | | 4.75 | % | | 12/1/2031 | | AA+ | | | 4,000 | | | | 4,153,840 | |
Wilkes Barre PA School District (BAM) | | | 5.00 | % | | 4/15/2059 | | AA | | | 2,500 | | | | 3,027,025 | |
Yosemite CCD | | | 5.00 | % | | 8/1/2029 | | Aa2 | | | 500 | | | | 604,525 | |
Total | | | | | | | | | | | | | | | 428,818,249 | |
| | | | | | | | | | | | | | | | |
Health Care 16.15% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Abag Fin Auth - Sharp Hlthcare | | | 5.00 | % | | 8/1/2027 | | AA | | | 300 | | | | 319,485 | |
Abag Fin Auth - Sharp Hlthcare | | | 5.00 | % | | 8/1/2028 | | AA | | | 345 | | | | 367,635 | |
Allegheny County Health Network | | | 4.00 | % | | 4/1/2037 | | A | | | 3,120 | | | | 3,435,838 | |
Allen Co - Bon Secours Mercy Hlth | | | 5.00 | % | | 12/1/2046 | | A+ | | | 8,000 | | | | 9,820,880 | |
Allen Co Hsp - Catholic Hlth Ptnrs | | | 5.00 | % | | 5/1/2033 | | A+ | | | 7,065 | | | | 7,507,975 | |
Antelope Valley Hlth | | | 5.00 | % | | 3/1/2041 | | Ba3 | | | 3,000 | | | | 3,078,780 | |
Antelope Valley Hlth | | | 5.00 | % | | 3/1/2046 | | Ba3 | | | 2,615 | | | | 2,665,443 | (e) |
Baltimore Co - Riderwood Village | | | 4.00 | % | | 1/1/2045 | | A | (c) | | 5,250 | | | | 5,676,562 | |
Baltimore Co - Riderwood Village | | | 4.00 | % | | 1/1/2050 | | A | (c) | | 2,500 | | | | 2,690,275 | |
Berks Co IDA - Tower Hlth | | | 4.00 | % | | 11/1/2038 | | BBB+ | | | 5,000 | | | | 5,139,400 | |
Berks Co IDA - Tower Hlth | | | 4.00 | % | | 11/1/2047 | | BBB+ | | | 2,220 | | | | 2,253,766 | |
Berks Co IDA - Tower Hlth | | | 5.00 | % | | 11/1/2036 | | BBB+ | | | 5,000 | | | | 5,680,500 | |
Berks Co IDA - Tower Hlth | | | 5.00 | %#(a) | | 2/1/2040 | | BBB+ | | | 3,285 | | | | 3,892,298 | |
CA Fin AUth - Standord Hlth | | | 4.00 | % | | 8/15/2050 | | AA- | | | 4,000 | | | | 4,621,120 | |
CA Hlth - Sutter Hlth | | | 4.00 | % | | 11/15/2042 | | A+ | | | 2,000 | | | | 2,236,180 | |
CA Hlth - Sutter Hlth | | | 5.25 | % | | 8/15/2031 | | A+ | | | 5,245 | | | | 5,488,368 | |
CA Muni Fin - Cmnty Med Ctrs | | | 5.00 | % | | 2/1/2047 | | A- | | | 6,940 | | | | 7,808,680 | |
CA Stwde - Eskaton Pptys | | | 5.25 | % | | 11/15/2034 | | BBB | | | 1,875 | | | | 1,942,425 | |
CA Stwde - Huntington Memorial Hosp | | | 4.00 | % | | 7/1/2048 | | A- | | | 4,500 | | | | 4,946,265 | |
CA Stwde - John Muir Hlth | | | 4.00 | % | | 12/1/2057 | | A+ | | | 2,500 | | | | 2,590,300 | |
CA Stwde - Loma Linda Univ Med Ctr | | | 5.50 | % | | 12/1/2054 | | BB- | | | 6,875 | | | | 7,378,456 | |
CA Stwde - Loma Linda Univ Med Ctr† | | | 5.50 | % | | 12/1/2058 | | BB- | | | 3,375 | | | | 3,648,308 | |
CO Hlth Facs - Boulder Cmnty Hsp | | | 5.00 | % | | 10/1/2032 | | A- | | | 280 | | | | 297,374 | |
CO Hlth Facs - CommonSpirit | | | 5.00 | % | | 8/1/2044 | | BBB+ | | | 3,000 | | | | 3,526,860 | |
Crawford Hsp Auth - Meadville Med | | | 6.00 | % | | 6/1/2046 | | NR | | | 950 | | | | 1,033,439 | |
Crawford Hsp Auth - Meadville Med | | | 6.00 | % | | 6/1/2051 | | NR | | | 1,115 | | | | 1,208,693 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CT Hlth & Ed - Connecticut State Univ | | | 3.125 | % | | 11/1/2038 | | A1 | | $ | 2,270 | | | $ | 2,388,562 | |
CT Hlth & Ed - Hartford Hlthcare | | | 5.00 | % | | 7/1/2032 | | A | | | 640 | | | | 668,678 | |
CT Hlth & Ed - Yale New Haven Hsp | | | 5.00 | % | | 7/1/2028 | | AA- | | | 500 | | | | 573,355 | |
CT Hlth - Nuvance | | | 4.00 | % | | 7/1/2041 | | A- | | | 3,180 | | | | 3,418,087 | |
CT Hlth - Nuvance | | | 4.00 | % | | 7/1/2049 | | A- | | | 20,170 | | | | 21,397,950 | |
Cuyahoga Co Hsp - Metrohealth | | | 5.00 | % | | 2/15/2057 | | BBB- | | | 1,000 | | | | 1,093,960 | |
Cuyahoga Co Hsp - Metrohealth | | | 5.50 | % | | 2/15/2052 | | BBB- | | | 8,925 | | | | 10,078,913 | |
Cuyahoga Co Hsp - Metrohealth | | | 5.50 | % | | 2/15/2057 | | BBB- | | | 5,250 | | | | 5,867,977 | |
Denver Hlth & Hsp Auth | | | 4.00 | % | | 12/1/2037 | | BBB | | | 1,295 | | | | 1,388,564 | |
Denver Hlth & Hsp Auth | | | 4.00 | % | | 12/1/2038 | | BBB | | | 785 | | | | 839,181 | |
Denver Hlth & Hsp Auth | | | 5.25 | % | | 12/1/2045 | | BBB | | | 700 | | | | 749,448 | |
Duluth Econ Dev Auth - Essentia Health | | | 5.25 | % | | 2/15/2053 | | A- | | | 2,870 | | | | 3,324,120 | |
Duluth Econ Dev Auth - Essentia Health | | | 5.25 | % | | 2/15/2058 | | A- | | | 19,500 | | | | 22,522,500 | |
Escambia Co - Baptist Hlth | | | 4.00 | % | | 8/15/2050 | | BBB+ | | | 6,260 | | | | 6,669,842 | |
Fairview Health Services | | | 5.00 | % | | 11/15/2049 | | A+ | | | 5,400 | | | | 6,275,664 | |
Franklin Co Hlth - OPRS Cmntys | | | 6.125 | % | | 7/1/2040 | | NR | | | 290 | | | | 322,625 | |
Franklin Co Hlth - OPRS Cmntys | | | 6.125 | % | | 7/1/2040 | | NR | | | 4,590 | | | | 4,792,511 | |
Gainesville & Hall Co Hsp - NE GA Hlth | | | 5.00 | % | | 2/15/2030 | | A | | | 3,345 | | | | 4,312,341 | |
Gainesville & Hall Co Hsp - NE GA Hlth | | | 5.00 | % | | 2/15/2032 | | A | | | 5,545 | | | | 7,050,745 | |
Gainesville & Hall Co Hsp–NE GA Hlth GTD | | | 5.50 | % | | 8/15/2054 | | AA- | | | 5,225 | | | | 6,112,675 | |
Greenville Hlth Sys | | | 5.00 | % | | 5/1/2034 | | A | | | 3,970 | | | | 4,361,164 | |
Guadalupe Co - Seguin City Hsp | | | 5.00 | % | | 12/1/2045 | | BB | | | 2,000 | | | | 2,066,480 | |
IL Fin Auth - Centegra Hlth | | | 5.00 | % | | 9/1/2034 | | AA+ | | | 235 | | | | 265,099 | |
IN Fin Auth - Major Hsp | | | 5.00 | % | | 10/1/2029 | | Baa3 | | | 1,500 | | | | 1,627,755 | |
LA PFA - Ochsner Clinic | | | 6.25 | % | | 5/15/2031 | | A3 | | | 8,090 | | | | 8,508,334 | |
La Verne COP - Brethren Hillcrest Homes | | | 5.00 | % | | 5/15/2036 | | BBB- | (c) | | 1,350 | | | | 1,372,221 | |
Lee Memorial Hlth System | | | 4.00 | % | | 4/1/2049 | | A+ | | | 5,500 | | | | 5,972,725 | |
Lucas Co Hsp - ProMedica Hlth | | | 5.25 | % | | 11/15/2048 | | BBB | | | 7,350 | | | | 8,194,515 | |
MA DFA - Atrius Hlth | | | 4.00 | % | | 6/1/2049 | | BBB | | | 1,880 | | | | 1,945,010 | |
MA DFA - Atrius Hlth | | | 5.00 | % | | 6/1/2039 | | BBB | | | 2,000 | | | | 2,286,380 | |
MA DFA - Boston Med Ctr | | | 5.00 | % | | 7/1/2031 | | BBB | | | 1,980 | | | | 2,277,139 | |
MA DFA - Boston Med Ctr | | | 5.00 | % | | 7/1/2035 | | BBB | | | 5,115 | | | | 5,773,761 | |
MA DFA - CareGroup | | | 5.00 | % | | 7/1/2048 | | A | | | 4,000 | | | | 4,658,520 | |
MA DFA - Partners Hlth | | | 4.00 | % | | 7/1/2041 | | AA- | | | 5,000 | | | | 5,618,000 | |
MA DFA - Wellforce Hlth | | | 4.00 | % | | 7/1/2035 | | BBB+ | | | 2,000 | | | | 2,151,780 | |
MA DFA - Wellforce Hlth | | | 5.00 | % | | 7/1/2039 | | BBB+ | | | 2,685 | | | | 3,085,575 | |
Martin Co Hlth - Cleveland Clinic | | | 4.00 | % | | 1/1/2046 | | AA | | | 5,000 | | | | 5,589,000 | |
Martin Co Hlth - Martin Mem Med | | | 5.50 | % | | 11/15/2032 | | NR | | | 930 | | | | 995,500 | |
Martin Hsp Dist | | | 7.25 | % | | 4/1/2036 | | BBB | (c) | | 3,250 | | | | 3,338,010 | |
MD Hlth & HI Ed - Adventist | | | 5.50 | % | | 1/1/2046 | | Baa3 | | | 10,000 | | | | 11,009,600 | |
MD Hlth & HI Ed - Doctors | | | 5.00 | % | | 7/1/2038 | | Baa3 | | | 7,080 | | | | 7,816,462 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
MD Hlth & HI Ed - Mercy Med Ctr | | | 5.00 | % | | 7/1/2036 | | BBB+ | | $ | 1,320 | | | $ | 1,496,537 | |
MD Hlth & HI Ed - Mercy Med Ctr | | | 5.00 | % | | 7/1/2038 | | BBB+ | | | 2,250 | | | | 2,539,845 | |
MD Hlth & Hi Ed - Mercy Med Ctr | | | 6.25 | % | | 7/1/2031 | | BBB+ | | | 11,635 | | | | 12,114,129 | |
ME Hlth & HI Ed - Mainegeneral Hlth | | | 6.00 | % | | 7/1/2026 | | Ba3 | | | 620 | | | | 639,139 | |
ME Hlth & HI Ed - Mainegeneral Hlth | | | 6.75 | % | | 7/1/2036 | | Ba3 | | | 400 | | | | 412,240 | |
ME Hlth & Hi Ed - MaineGeneral Hlth | | | 7.50 | % | | 7/1/2032 | | Ba3 | | | 11,150 | | | | 11,599,568 | |
Mesquite Hlth - Christian Care Ctrs | | | 5.125 | % | | 2/15/2042 | | BB- | (c) | | 1,000 | | | | 803,930 | |
MI Fin Auth - Henry Ford Hlth | | | 4.00 | % | | 11/15/2050 | | A | | | 7,420 | | | | 8,149,312 | |
MI Fin Auth - Trinity Health | | | 4.00 | % | | 12/1/2049 | | AA- | | | 6,000 | | | | 6,722,700 | |
MI Hosp Fin Auth - Ascension Hlth | | | 5.00 | % | | 11/15/2047 | | AA+ | | | 4,000 | | | | 5,006,160 | |
MO Hlth Ed - Mosaic Hlth | | | 4.00 | % | | 2/15/2054 | | A1 | | | 4,450 | | | | 4,885,521 | |
Montgomery Co Hgr Ed - Thomas Jeff U | | | 4.00 | % | | 9/1/2049 | | A | | | 3,960 | | | | 4,227,538 | |
Montgomery Co Hosp - Premier | | | 4.00 | % | | 11/15/2042 | | Baa1 | | | 4,440 | | | | 4,644,240 | |
Montgomery Co Hosp - Premier | | | 4.00 | % | | 11/15/2045 | | Baa1 | | | 2,500 | | | | 2,598,250 | |
Montgomery Co IDA - ACTS(b) | | | 5.00 | % | | 11/15/2045 | | A- | (c) | | 1,250 | | | | 1,442,613 | |
Montgomery Co IDA - ACTS Retirement | | | 5.00 | % | | 11/15/2024 | | A- | (c) | | 3,150 | | | | 3,345,804 | |
Montgomery Co IDA - ACTS Retirement | | | 5.00 | % | | 11/15/2025 | | A- | (c) | | 1,300 | | | | 1,373,645 | |
Montgomery Co IDA - Jefferson Hlth | | | 5.00 | % | | 10/1/2027 | | AA | | | 4,500 | | | | 4,872,420 | |
Montgomery Co IDA - Whitemarsh | | | 5.375 | % | | 1/1/2050 | | NR | | | 1,070 | | | | 1,058,284 | |
MT St Fac Fin Auth - Kalispell Med Ctr | | | 5.00 | % | | 7/1/2043 | | BBB | | | 4,000 | | | | 4,599,240 | |
MT St Fac Fin Auth - Kalispell Med Ctr | | | 5.00 | % | | 7/1/2048 | | BBB | | | 5,760 | | | | 6,535,354 | |
Muskingum Co Hsp - Genesis Hlthcare | | | 5.00 | % | | 2/15/2044 | | BB+ | | | 2,650 | | | | 2,714,448 | |
Nassau Co LEAC - Catholic Hlth LI | | | 5.00 | % | | 7/1/2034 | | A- | | | 1,100 | | | | 1,208,229 | |
Nassau Co LEAC - Catholic Hlth Svcs | | | 5.00 | % | | 7/1/2029 | | A- | | | 1,000 | | | | 1,114,150 | |
Nassau Co LEAC - Catholic Hlth Svcs | | | 5.00 | % | | 7/1/2030 | | A- | | | 580 | | | | 644,293 | |
Nassau Co LEAC - Catholic Hlth Svcs | | | 5.00 | % | | 7/1/2031 | | A- | | | 1,620 | | | | 1,796,175 | |
NE Ed Hlth - Immanuel | | | 4.00 | % | | 1/1/2049 | | AA | (c) | | 10,000 | | | | 10,931,500 | |
NH Hlth & Ed - Dartmouth Hitchcock | | | 5.00 | % | | 8/1/2059 | | A | | | 5,610 | | | | 8,077,558 | |
NJ Hlth - St Peters Univ Hsp | | | 5.75 | % | | 7/1/2037 | | BB+ | | | 5,000 | | | | 5,015,400 | |
NJ Hlth - Univ Hosp (AGM) | | | 5.00 | % | | 7/1/2029 | | AA | | | 135 | | | | 151,320 | |
NM Hsp - Haverland | | | 5.00 | % | | 7/1/2049 | | BBB- | (c) | | 3,375 | | | | 3,354,548 | |
NY Dorm - Montefiore | | | 4.00 | % | | 8/1/2036 | | BBB | | | 1,450 | | | | 1,569,306 | |
NY Dorm - Montefiore | | | 4.00 | % | | 8/1/2038 | | BBB | | | 1,650 | | | | 1,778,057 | |
NY Dorm - Montefiore | | | 5.00 | % | | 8/1/2033 | | BBB | | | 1,000 | | | | 1,177,090 | |
NY Dorm - Montefiore | | | 5.00 | % | | 8/1/2034 | | BBB | | | 1,010 | | | | 1,186,538 | |
NY Dorm - Montefiore | | | 5.00 | % | | 8/1/2035 | | BBB | | | 1,000 | | | | 1,172,530 | |
NY Dorm - Montefiore Ob Group | | | 5.00 | % | | 8/1/2030 | | BBB | | | 3,000 | | | | 3,569,460 | |
NY Dorm - Orange Reg Med Ctr† | | | 5.00 | % | | 12/1/2031 | | BBB- | | | 1,300 | | | | 1,528,852 | |
NY Dorm - Orange Reg Med Ctr† | | | 5.00 | % | | 12/1/2036 | | BBB- | | | 1,000 | | | | 1,153,220 | |
NY Dorm - Orange Reg Med Ctr† | | | 5.00 | % | | 12/1/2040 | | BBB- | | | 1,300 | | | | 1,439,945 | |
NY Dorm - Orange Regl Med Ctr† | | | 5.00 | % | | 12/1/2037 | | BBB- | | | 1,000 | | | | 1,150,370 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NYC Hlth & Hsp Corp | | | 5.00 | % | | 2/15/2025 | | Aa2 | | $ | 2,400 | | | $ | 2,407,560 | |
NYC Hlth & Hsp Corp | | | 5.00 | % | | 2/15/2030 | | Aa2 | | | 5,640 | | | | 5,655,848 | |
OH Hsp - University Hospitals | | | 4.00 | % | | 1/15/2050 | | A | | | 12,000 | | | | 13,130,040 | |
OK DFA - OU Med | | | 5.50 | % | | 8/15/2057 | | Baa3 | | | 7,090 | | | | 8,197,103 | |
OK DFA - OU Med (AGM) | | | 4.00 | % | | 8/15/2048 | | AA | | | 4,000 | | | | 4,325,280 | |
Oneida Co - Mohawk Valley Hlth (AGM) | | | 4.00 | % | | 12/1/2049 | | AA | | | 4,500 | | | | 4,998,240 | |
Oroville - Oroville Hsp | | | 5.25 | % | | 4/1/2039 | | BB | | | 1,000 | | | | 1,070,920 | |
Oroville - Oroville Hsp | | | 5.25 | % | | 4/1/2049 | | BB | | | 750 | | | | 789,098 | |
Oroville - Oroville Hsp | | | 5.25 | % | | 4/1/2054 | | BB | | | 1,000 | | | | 1,044,130 | |
PA Hi Ed - U Penn Hlth | | | 4.00 | % | | 8/15/2049 | | AA | | | 12,000 | | | | 13,441,320 | |
Palm Beach Co Hlth - Lifespace | | | 5.00 | % | | 5/15/2053 | | BBB | (c) | | 2,375 | | | | 2,378,373 | |
Palomar Hlth | | | 5.00 | % | | 11/1/2036 | | BBB | | | 4,025 | | | | 4,597,154 | |
Pell City Spl Care Facs - Noland Hlth | | | 5.00 | % | | 12/1/2031 | | A | | | 4,845 | | | | 5,063,364 | |
Philadelphia Hsps - Temple Univ Hlth | | | 5.00 | % | | 7/1/2031 | | BBB- | | | 1,000 | | | | 1,144,640 | |
Philadelphia Hsps - Temple Univ Hlth | | | 5.00 | % | | 7/1/2032 | | BBB- | | | 1,000 | | | | 1,137,920 | |
Philadelphia Hsps - Temple Univ Hlth | | | 5.00 | % | | 7/1/2033 | | BBB- | | | 2,950 | | | | 3,340,462 | |
Philadelphia Hsps - Temple Univ Hlth | | | 5.625 | % | | 7/1/2036 | | BBB- | | | 250 | | | | 262,885 | |
Pulaski Co Pub Facs - Baptist Hlth | | | 5.00 | % | | 12/1/2039 | | A | | | 5,750 | | | | 6,423,037 | |
San Buenaventura - Cmnty Mem Hlth | | | 8.00 | % | | 12/1/2026 | | BB | | | 950 | | | | 1,026,086 | |
Savannah Hosp - St.Joseph’s/Candler | | | 4.00 | % | | 7/1/2043 | | A3 | | | 5,000 | | | | 5,392,300 | |
Tampa Hlth & Ed - Moffit Cancer | | | 4.00 | % | | 7/1/2045 | | A2 | | | 1,500 | | | | 1,658,940 | |
Tampa Hlth & Ed - Moffit Cancer | | | 5.00 | % | | 7/1/2050 | | A2 | | | 5,350 | | | | 6,488,640 | |
UCal Med Ctr | | | 5.25 | % | | 5/15/2038 | | AA- | | | 660 | | | | 727,742 | |
UNC Hopsitals - Chapel Hill | | | 5.00 | % | | 2/1/2045 | | AA | | | 5,000 | | | | 7,452,900 | |
Upland COP - San Antonio Cmnty Hsp COP | | | 6.375 | % | | 1/1/2032 | | BBB+ | | | 5,000 | | | | 5,139,050 | |
VT Ed & Hlth - Univ of VT Med Ctr | | | 5.00 | % | | 12/1/2035 | | A | | | 4,500 | | | | 5,129,190 | |
WA Hlth Care - Overlake Hsp | | | 5.00 | % | | 7/1/2038 | | A | | | 4,000 | | | | 4,442,240 | |
Westchester CO Hlth Care | | | 6.00 | % | | 11/1/2030 | | Baa2 | | | 110 | | | | 111,826 | |
Westchester CO Hlth Care | | | 6.125 | % | | 11/1/2037 | | Baa2 | | | 30 | | | | 30,509 | |
WI Hlth & Ed - Marshfield Hlth Sys | | | 4.00 | % | | 2/15/2050 | | A- | | | 7,530 | | | | 7,976,077 | |
WI Hlth & Ed - Sauk-Prarie Mem Hsp | | | 5.375 | % | | 2/1/2048 | | B1 | | | 840 | | | | 778,100 | |
WI PFA - ACTS(b) | | | 5.00 | % | | 11/15/2041 | | A- | (c) | | 1,125 | | | | 1,299,161 | |
WI PFA - Alabama Proton† | | | 6.85 | % | | 10/1/2047 | | NR | | | 2,160 | | | | 2,433,737 | |
WV Hsp - Herbert Thomas Hlth(d) | | | 6.25 | % | | 10/1/2023 | | NR | | | 2,000 | | | | 712,000 | |
Total | | | | | | | | | | | | | | | 568,021,363 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Housing 1.81% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Alachua Co Hlth - Oak Hammock | | | 8.00 | % | | 10/1/2042 | | NR | | $ | 300 | | | $ | 329,229 | |
CA HFA - MFH | | | 4.00 | % | | 3/20/2033 | | BBB+ | | | 10,874 | | | | 11,674,702 | |
CA HFA - MFH | | | 4.25 | % | | 1/15/2035 | | BBB+ | | | 6,918 | | | | 7,565,273 | |
CA Muni Fin - Caritas Affordable Hsg | | | 5.25 | % | | 8/15/2039 | | BBB+ | | | 650 | | | | 715,520 | |
CA Muni Fin - Park Wstrn Apts (FNMA) | | | 2.65 | % | | 8/1/2036 | | Aaa | | | 4,460 | | | | 4,671,680 | |
CA Muni Fin - UC Berkeley Hsg | | | 5.00 | % | | 6/1/2050 | | Baa3 | | | 1,410 | | | | 1,478,258 | |
Fed Home Loan Mtg Corp | | | 4.60 | % | | 12/15/2044 | | AA+ | | | 5,500 | | | | 5,958,975 | |
LA HFA - Gmf-LA Chateau | | | 8.00 | % | | 9/1/2039 | | CCC+ | | | 1,300 | | | | 1,157,234 | |
LA Pub Facs Auth - Provident LSU | | | 5.00 | % | | 7/1/2059 | | A3 | | | 2,500 | | | | 2,742,100 | |
MD EDC - Bowie State Std Hsg | | | 4.00 | % | | 7/1/2050 | | BBB- | | | 1,700 | | | | 1,665,048 | |
MI HDA | | | 3.60 | % | | 10/1/2060 | | AA | | | 6,330 | | | | 6,771,644 | |
NY State Hsg | | | 3.15 | % | | 11/1/2054 | | Aa2 | | | 2,375 | | | | 2,471,164 | |
NYC HDC | | | 3.35 | % | | 11/1/2065 | | AA+ | | | 8,870 | | | | 9,183,200 | |
Phoenix IDA - ASU Std Hsg | | | 5.00 | % | | 7/1/2037 | | Baa3 | | | 1,000 | | | | 1,051,090 | |
Phoenix IDA - ASU Std Hsg | | | 5.00 | % | | 7/1/2049 | | Baa3 | | | 1,125 | | | | 1,167,086 | |
Phoenix IDA - ASU Std Hsg | | | 5.00 | % | | 7/1/2054 | | Baa3 | | | 1,330 | | | | 1,374,781 | |
Toledo/Lucas Port Auth - Univ Toledo | | | 5.00 | % | | 7/1/2034 | | BBB- | | | 1,000 | | | | 1,030,990 | |
Toledo/Lucas Port Auth - Univ Toledo | | | 5.00 | % | | 7/1/2039 | | BBB- | | | 1,500 | | | | 1,531,965 | |
Toledo/Lucas Port Auth - Univ Toledo | | | 5.00 | % | | 7/1/2046 | | BBB- | | | 1,000 | | | | 1,014,480 | |
Total | | | | | | | | | | | | | | | 63,554,419 | |
| | | | | | | | | | | | | | | | |
Lease Obligations 6.14% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Pub Wks - Judicial Council | | | 5.00 | % | | 12/1/2028 | | Aa3 | | | 5,600 | | | | 5,950,000 | |
CA Pub Wks - Various Cap Proj | | | 5.00 | % | | 10/1/2028 | | Aa3 | | | 535 | | | | 564,730 | |
CA Pub Wks - Various Cap Proj | | | 5.00 | % | | 4/1/2033 | | Aa3 | | | 8,500 | | | | 9,096,615 | |
CA Pub Wks - Various Cap Proj | | | 5.125 | % | | 10/1/2031 | | Aa3 | | | 2,500 | | | | 2,634,425 | |
Erie Co IDA - Buffalo Sch Dist | | | 5.00 | % | | 5/1/2026 | | AA | | | 6,430 | | | | 7,209,895 | |
Erie Co IDA - Buffalo Sch Dist | | | 5.25 | % | | 5/1/2028 | | AA | | | 7,000 | | | | 7,280,000 | |
Houston CO Coop Dist - Country Crossing | | | Zero Coupon | | | 6/7/2013 | | NR | | | 1,768 | | | | 247,520 | (e) |
IL Sports Facs Auth (AGM) | | | 5.00 | % | | 6/15/2027 | | AA | | | 3,500 | | | | 3,840,655 | |
IL Sports Facs Auth (AGM) | | | 5.00 | % | | 6/15/2028 | | AA | | | 865 | | | | 947,478 | |
IN Fin Auth - OH River Brdgs AMT | | | 5.00 | % | | 7/1/2035 | | BBB+ | | | 6,500 | | | | 6,967,935 | |
IN Fin Auth - OH River Brdgs AMT | | | 5.00 | % | | 7/1/2040 | | BBB+ | | | 3,000 | | | | 3,198,120 | |
IN Fin Auth - OH River Brdgs AMT | | | 5.00 | % | | 7/1/2044 | | BBB+ | | | 6,145 | | | | 6,523,040 | |
IN Fin Auth - Stadium | | | 5.25 | % | | 2/1/2032 | | AA+ | | | 5,000 | | | | 5,838,200 | |
KY Bond Dev Corp - Lexington Conv | | | 4.00 | % | | 9/1/2048 | | A+ | | | 6,645 | | | | 6,907,411 | |
Los Angeles USD COP | | | 5.00 | % | | 10/1/2025 | | A | | | 1,000 | | | | 1,087,840 | |
MI Fin Auth - Wayne Co Criminal Justice | | | 4.00 | % | | 11/1/2048 | | Aa3 | | | 3,500 | | | | 3,956,155 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Lease Obligations (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
MI St Bldg Auth | | | 4.00 | % | | 4/15/2054 | | Aa2 | | $ | 6,500 | | | $ | 7,413,185 | |
NJ Ed Facs - Higher Ed | | | 4.00 | % | | 9/1/2029 | | BBB+ | | | 5,445 | | | | 5,670,205 | |
NJ EDA - Bldgs | | | 5.00 | % | | 6/15/2036 | | BBB+ | | | 1,250 | | | | 1,382,550 | |
NJ EDA - Bldgs | | | 5.00 | % | | 6/15/2047 | | BBB+ | | | 6,050 | | | | 6,555,114 | |
NJ EDA - Goethals Brdg AMT | | | 5.625 | % | | 1/1/2052 | | BBB | | | 7,500 | | | | 8,275,650 | |
NJ EDA - Sch Facs | | 1.73% (MUNIPSA * 1 + 1.60 | %)# | | 3/1/2028 | | BBB+ | | | 5,565 | | | | 5,390,203 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 3/1/2028 | | BBB+ | | | 3,845 | | | | 4,065,818 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2042 | | BBB+ | | | 4,800 | | | | 5,207,184 | |
NJ EDA - Sch Facs | | | 5.50 | % | | 6/15/2031 | | BBB+ | | | 1,350 | | | | 1,545,602 | |
NJ EDA - State House | | | 5.00 | % | | 6/15/2043 | | BBB+ | | | 4,500 | | | | 4,946,445 | |
NJ Trans Trust Fund | | | Zero Coupon | | | 12/15/2028 | | BBB+ | | | 10,000 | | | | 7,553,100 | |
NJ Trans Trust Fund | | | Zero Coupon | | | 12/15/2031 | | BBB+ | | | 1,935 | | | | 1,271,353 | |
NJ Trans Trust Fund | | | Zero Coupon | | | 12/15/2037 | | BBB+ | | | 2,650 | | | | 1,291,663 | |
NJ Trans Trust Fund | | | Zero Coupon | | | 12/15/2038 | | BBB+ | | | 6,615 | | | | 3,067,442 | |
NJ Trans Trust Fund | | | 4.00 | % | | 6/15/2050 | | BBB+ | | | 18,750 | | | | 19,018,500 | |
NJ Trans Trust Fund | | | 5.00 | % | | 12/15/2023 | | BBB+ | | | 4,425 | | | | 4,815,860 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2030 | | A+ | | | 3,000 | | | | 3,333,270 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2031 | | A+ | | | 2,400 | | | | 2,648,448 | |
NJ Trans Trust Fund | | | 5.00 | % | | 12/15/2035 | | BBB+ | | | 4,200 | | | | 4,713,786 | |
NJ Trans Trust Fund | | | 5.00 | % | | 12/15/2036 | | BBB+ | | | 3,500 | | | | 3,914,365 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2038 | | BBB+ | | | 6,720 | | | | 6,913,469 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2042 | | BBB+ | | | 2,215 | | | | 2,272,546 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2046 | | BBB+ | | | 10,000 | | | | 10,921,100 | |
NYC TFA - Bldg Aid | | | 5.00 | % | | 7/15/2030 | | AA | | | 10,000 | | | | 10,775,800 | |
NYC TFA - Bldg Aid | | | 5.00 | % | | 7/15/2031 | | AA | | | 6,000 | | | | 6,459,180 | |
NYC TFA - Bldg Aid | | | 5.00 | % | | 7/15/2035 | | AA | | | 545 | | | | 666,034 | |
Sacramento City Fing Auth (AMBAC) | | | 5.25 | % | | 12/1/2023 | | AA- | | | 3,150 | | | | 3,678,192 | |
Total | | | | | | | | | | | | | | | 216,016,083 | |
| | | | | | | | | | | | | | | | |
Other Revenue 4.51% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Arlington Hi Ed Fin Corp - Arlington Classics | | | 7.65 | % | | 8/15/2040 | | NR | | | 5,905 | | | | 5,955,429 | |
CA Infra & Econ Dev - Acad Motion Pict | | | 5.00 | % | | 11/1/2041 | | Aa2 | | | 2,500 | | | | 2,785,625 | |
CA Infra & Econ Dev - Gladstone Inst | | | 5.25 | % | | 10/1/2034 | | BBB+ | | | 8,100 | | | | 8,593,452 | |
CA Sch Fin Auth - Green Dot Charter† | | | 5.00 | % | | 8/1/2048 | | BBB- | | | 1,650 | | | | 1,853,841 | |
City of Miami Beach - Parking Revs (BAM) | | | 5.00 | % | | 9/1/2040 | | AA | | | 2,000 | | | | 2,334,180 | |
Clifton Higher Ed - IDEA Pub Schs | | | 5.00 | % | | 8/15/2042 | | A- | | | 275 | | | | 288,896 | |
Clifton Higher Ed - IDEA Pub Schs | | | 6.00 | % | | 8/15/2043 | | A- | | | 1,000 | | | | 1,111,590 | |
Clifton Higher Ed - Intl Ldrshp Sch | | | 6.125 | % | | 8/15/2048 | | NR | | | 7,825 | | | | 8,644,669 | |
DC Rev - Friendship Pub Chtr Sch | | | 5.00 | % | | 6/1/2032 | | BBB | | | 500 | | | | 526,370 | |
DC Rev - Friendship Pub Chtr Sch | | | 5.00 | % | | 6/1/2041 | | BBB | | | 1,935 | | | | 2,110,466 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Other Revenue (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
DC Rev - KIPP Chtr Sch | | | 6.00 | % | | 7/1/2043 | | NR | | $ | 1,000 | | | $ | 1,168,640 | |
DC Rev - KIPP Chtr Sch | | | 6.00 | % | | 7/1/2048 | | NR | | | 1,000 | | | | 1,168,640 | |
FL DFC - Renaissance Chtr Sch | | | 7.625 | % | | 6/15/2041 | | NR | | | 5,500 | | | | 5,872,570 | |
Grand River Hosp Dist (AGM) | | | 5.25 | % | | 12/1/2034 | | AA | | | 1,000 | | | | 1,172,020 | |
Grand River Hosp Dist (AGM) | | | 5.25 | % | | 12/1/2035 | | AA | | | 1,000 | | | | 1,167,330 | |
Grand River Hosp Dist (AGM) | | | 5.25 | % | | 12/1/2037 | | AA | | | 1,160 | | | | 1,345,426 | |
Houston Hi Ed - Cosmos Fndtn | | | 5.00 | % | | 2/15/2032 | | BBB | | | 100 | | | | 104,677 | |
Houston HI Ed - Cosmos Fndtn | | | 5.00 | % | | 2/15/2042 | | BBB | | | 725 | | | | 752,506 | |
Houston HI Ed - Cosmos Fndtn | | | 6.875 | % | | 5/15/2041 | | BBB | | | 125 | | | | 132,085 | |
IL Fin Auth - Noble Chrter Schs | | | 6.125 | % | | 9/1/2039 | | BBB | | | 6,000 | | | | 6,560,940 | |
IN Fin Auth - Drexel Foundation | | | 7.00 | % | | 10/1/2039 | | B | | | 1,250 | | | | 1,251,750 | |
Indianapolis Local Pub Impt Bd Bk | | | 5.00 | % | | 2/1/2031 | | AA- | | | 7,120 | | | | 8,137,519 | |
KY Public Energy Auth - Peak Energy | | | 4.00 | %#(a) | | 2/1/2050 | | A3 | | | 11,660 | | | | 13,641,384 | |
Long Beach Nat Gas - ML | | 1.713% (3 Mo. LIBOR * .67 + 1.45 | %)# | | 11/15/2027 | | A2 | | | 9,000 | | | | 8,900,010 | (e) |
Lower AL Gas Dist - Goldman Sachs | | | 4.00 | %#(a) | | 12/1/2050 | | A3 | | | 2,000 | | | | 2,277,860 | |
Lower AL Gas Dist - Goldman Sachs | | | 5.00 | % | | 9/1/2046 | | A3 | | | 12,500 | | | | 17,222,875 | |
Main St Nat Gas - Macquarie | | | 5.00 | % | | 5/15/2037 | | A3 | | | 2,990 | | | | 3,861,734 | |
Main St Nat Gas - Macquarie | | | 5.00 | % | | 5/15/2043 | | A3 | | | 3,250 | | | | 3,784,397 | |
Main St Nat Gas - Macquarie | | | 5.00 | % | | 5/15/2049 | | A3 | | | 8,150 | | | | 11,257,758 | |
Maricopa Co IDA - Legacy Schools† | | | 5.00 | % | | 7/1/2049 | | Ba2 | | | 1,165 | | | | 1,220,000 | |
Maricopa Co IDA - Legacy Schools† | | | 5.00 | % | | 7/1/2054 | | Ba2 | | | 1,000 | | | | 1,043,730 | |
Met Boston Trans Pkg Corp | | | 5.25 | % | | 7/1/2033 | | A1 | | | 11,000 | | | | 11,373,780 | |
MI Pub Ed - Bradford Admy | | | 8.75 | % | | 9/1/2039 | | NR | | | 2,250 | | | | 1,755,000 | |
Middlesex Co Impt Auth - Heldrich Ctr(d) | | | 6.125 | % | | 1/1/2025 | | NR | | | 1,250 | | | | 25,000 | |
Middlesex Co Impt Auth - Heldrich Ctr(d) | | | 6.25 | % | | 1/1/2037 | | NR | | | 1,700 | | | | 34,000 | |
NJ EDA - Team Academy | | | 6.00 | % | | 10/1/2043 | | BBB | | | 3,500 | | | | 3,801,175 | |
NYC Cultural - Whitney Museum | | | 5.25 | % | | 7/1/2026 | | A+ | | | 500 | | | | 510,310 | |
Overland Pk Dev - Conv Ctr | | | 5.00 | % | | 3/1/2044 | | BBB | | | 1,500 | | | | 1,427,505 | |
Overland Pk Dev - Conv Ctr | | | 5.00 | % | | 3/1/2049 | | BBB | | | 1,500 | | | | 1,427,715 | |
San Antonio Hotel & Conv Ctr AMT (AMBAC) | | | 5.00 | % | | 7/15/2039 | | A | | | 7,000 | | | | 7,002,380 | |
Selma IDB - Intl Paper | | | 5.80 | % | | 5/1/2034 | | BBB | | | 150 | | | | 150,183 | |
TX Muni Gas Acq & Supply - Macquarie | | | 5.00 | % | | 12/15/2031 | | A3 | | | 4,785 | | | | 5,086,503 | |
Total | | | | | | | | | | | | | | | 158,841,920 | |
| | | | | | | | | | | | | | | | |
Special Tax 1.87% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Allentown Neighborhood Impt | | | 5.00 | % | | 5/1/2027 | | Baa3 | | | 250 | | | | 263,887 | |
Allentown Neighborhood Impt† | | | 5.00 | % | | 5/1/2032 | | Ba3 | | | 1,845 | | | | 1,919,520 | |
Allentown Neighborhood Impt | | | 5.00 | % | | 5/1/2035 | | Baa3 | | | 4,800 | | | | 5,014,800 | |
CT Spl Tax - Trans Infra | | | 5.00 | % | | 8/1/2034 | | A+ | | | 3,600 | | | | 4,211,496 | |
CT Spl Tax - Trans Infra | | | 5.00 | % | | 1/1/2037 | | A+ | | | 7,000 | | | | 8,476,790 | |
CT Spl Tax - Trans Infra | | | 5.00 | % | | 1/1/2038 | | A+ | | | 4,250 | | | | 5,132,980 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Special Tax (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Gramercy Farms CDD | | | Zero Coupon | | | 5/1/2039 | | NR | | $ | 4,115 | | | $ | 1,975,200 | |
Gramercy Farms Cmnty Dev Dist(d) | | | 5.25 | % | | 5/1/2039 | | NR | | | 1,340 | | | | 13 | |
Houston CO Coop Dist - Country Crossing(d) | | 10.00 | % | | 5/1/2039 | | NR | | | 5,000 | | | | 550,000 | (e) |
Inland Valley Redev Agy | | | 5.25 | % | | 9/1/2037 | | A- | | | 4,875 | | | | 5,392,091 | |
Irvine CFD - Great Park | | | 5.00 | % | | 9/1/2044 | | NR | | | 500 | | | | 543,375 | |
NJ EDA - Kapkowski Rd Landfill | | | 6.50 | % | | 4/1/2028 | | Ba2 | | | 2,325 | | | | 2,549,130 | |
NYC IDA - Yankee Stadium (NPFGC)(FGIC) | | | 2.399% (CPI Based | )# | | 3/1/2024 | | Baa1 | | | 5,000 | | | | 4,875,200 | |
PA COPS | | | 4.00 | % | | 7/1/2046 | | A | | | 2,375 | | | | 2,669,690 | |
Rancho Cucamonga Redev Agy (AGM) | | | 5.00 | % | | 9/1/2030 | | AA | | | 1,500 | | | | 1,729,620 | |
Rancho Cucamonga Redev Agy (AGM) | | | 5.00 | % | | 9/1/2031 | | AA | | | 1,400 | | | | 1,609,104 | |
Riverside RDA - Housing | | | Zero Coupon | | | 10/1/2041 | | A | | | 11,195 | | | | 15,250,613 | |
San Francisco Redev - Mission Bay South | | | 7.00 | % | | 8/1/2033 | | BBB+ | | | 1,000 | | | | 1,037,570 | |
San Francisco Redev - Mission Bay South | | | 7.00 | % | | 8/1/2041 | | BBB+ | | | 1,400 | | | | 1,452,598 | |
San Jose Spl Tax - Conv Ctr | | | 5.50 | % | | 5/1/2024 | | A+ | | | 660 | | | | 677,015 | |
Stone Canyon CID(d) | | | 5.70 | % | | 4/1/2022 | | NR | | | 1,000 | | | | 260,000 | |
Stone Canyon CID(d) | | | 5.75 | % | | 4/1/2027 | | NR | | | 1,300 | | | | 338,000 | |
Total | | | | | | | | | | | | | | | 65,928,692 | |
| | | | | | | | | | | | | | | | |
Tax Revenue 4.22% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Casino Reinv Dev Auth | | | 5.25 | % | | 11/1/2039 | | BBB+ | | | 3,300 | | | | 3,363,756 | |
Casino Reinv Dev Auth | | | 5.25 | % | | 11/1/2044 | | BBB+ | | | 1,950 | | | | 1,976,013 | |
Chicago Brd Ed - CIT | | | 5.00 | % | | 4/1/2042 | | A | (c) | | 1,800 | | | | 1,911,042 | |
Chicago Trans Auth | | | 5.00 | % | | 12/1/2046 | | A+ | | | 2,165 | | | | 2,370,177 | |
City of Sparks - Legends at Sparks Marina† | | | 2.50 | % | | 6/15/2024 | | Ba2 | | | 340 | | | | 334,203 | |
City of Sparks - Legends at Sparks Marina† | | | 2.75 | % | | 6/15/2028 | | Ba2 | | | 750 | | | | 720,330 | |
Cook Co Sales Tax | | | 4.00 | % | | 11/15/2034 | | AA- | | | 3,750 | | | | 4,146,150 | |
CT Spl Tax - Trans Infra | | | 4.00 | % | | 5/1/2036 | | A+ | | | 2,500 | | | | 2,881,600 | |
CT Spl Tax - Trans Infra | | | 4.00 | % | | 5/1/2039 | | A+ | | | 2,650 | | | | 3,023,730 | |
Hudson Yards | | | 5.75 | % | | 2/15/2047 | | Aa2 | | | 355 | | | | 365,991 | |
MA Sch Bldg Auth - Sales Tax | | | 4.00 | % | | 2/15/2043 | | AA | | | 1,000 | | | | 1,117,550 | |
Met Atlanta Rapid Trans Auth | | | 3.25 | % | | 7/1/2039 | | AA+ | | | 2,330 | | | | 2,486,599 | |
Met Pier & Expo Auth - Mccormick Place | | | 5.50 | % | | 6/15/2053 | | BBB | | | 4,415 | | | | 4,700,871 | |
Met Pier & Expo Auth - McCormick Place (AGM) | | | Zero Coupon | | | 6/15/2045 | | AA | | | 3,145 | | | | 1,239,130 | |
Met Pier & Expo Auth - McCormick Place (AGM) | | | Zero Coupon | | | 6/15/2046 | | AA | | | 1,595 | | | | 603,245 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
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) | | | Zero Coupon | | | 12/15/2030 | | BBB | | $ | 10,480 | | | $ | 7,268,194 | |
Met Pier & Expo Auth - Mccormick Place (NPFGC)(FGIC) | | | Zero Coupon | | | 12/15/2036 | | BBB | | | 20,000 | | | | 10,326,000 | |
Met Pier & Expo Auth - Mccormick Place (NPFGC)(FGIC) | | | Zero Coupon | | | 12/15/2037 | | BBB | | | 15,000 | | | | 7,361,550 | |
Met Pier & Expo Auth - McCormick Place TCRS (BAM) | | | 5.00 | % | | 6/15/2053 | | AA | | | 915 | | | | 985,794 | |
NY Conv Ctr Dev Corp | | | 5.00 | % | | 11/15/2040 | | Aa3 | | | 2,750 | | | | 2,950,640 | |
NY Dorm - PIT | | | 4.00 | % | | 3/15/2045 | | Aa1 | | | 4,000 | | | | 4,638,200 | |
NY UDC - PIT | | | 5.00 | % | | 3/15/2033 | | AA+ | | | 750 | | | | 830,603 | |
NYC TFA - Future Tax | | | 4.00 | % | | 5/1/2037 | | AAA | | | 3,000 | | | | 3,386,370 | |
NYC TFA - Future Tax | | | 4.00 | % | | 8/1/2042 | | AAA | | | 1,000 | | | | 1,118,540 | |
NYC TFA - Future Tax | | | 4.00 | % | | 5/1/2044 | | AAA | | | 1,000 | | | | 1,125,870 | |
NYC TFA - Future Tax | | | 5.00 | % | | 2/1/2036 | | AAA | | | 1,000 | | | | 1,133,060 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2029 | | NR | | | 1,271 | | | | 971,832 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2031 | | NR | | | 2,122 | | | | 1,496,647 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2033 | | NR | | | 2,549 | | | | 1,650,936 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2051 | | NR | | | 2,798 | | | | 571,464 | |
PR Corp Sales Tax | | | 4.329 | % | | 7/1/2040 | | NR | | | 8,303 | | | | 8,362,200 | |
PR Corp Sales Tax | | | 4.329 | % | | 7/1/2040 | | NR | | | 7,602 | | | | 7,656,202 | |
PR Corp Sales Tax | | | 4.536 | % | | 7/1/2053 | | NR | | | 39 | | | | 39,617 | |
PR Corp Sales Tax | | | 4.55 | % | | 7/1/2040 | | NR | | | 129 | | | | 131,838 | |
PR Corp Sales Tax | | | 4.75 | % | | 7/1/2053 | | NR | | | 3,940 | | | | 4,058,830 | |
PR Corp Sales Tax | | | 4.784 | % | | 7/1/2058 | | NR | | | 1,067 | | | | 1,102,798 | |
PR Corp Sales Tax | | | 5.00 | % | | 7/1/2058 | | NR | | | 22,033 | | | | 23,091,686 | |
Reno Cap Impt (AGM) | | | 4.00 | % | | 6/1/2043 | | AA | | | 4,725 | | | | 5,246,451 | |
Reno Cap Impt (AGM) | | | 4.00 | % | | 6/1/2046 | | AA | | | 6,800 | | | | 7,516,040 | |
San Jose Spl Tax - Conv Ctr | | | 5.50 | % | | 5/1/2026 | | A+ | | | 275 | | | | 281,366 | |
San Jose Spl Tax - Conv Ctr | | | 6.125 | % | | 5/1/2031 | | A+ | | | 4,190 | | | | 4,281,719 | |
San Jose Spl Tax - Conv Ctr | | | 6.50 | % | | 5/1/2036 | | A+ | | | 530 | | | | 540,420 | |
Sonoma Marin Area Rail | | | 5.00 | % | | 3/1/2028 | | AA | | | 510 | | | | 546,837 | |
VT Edu Loan Rev AMT | | | 3.375 | % | | 6/15/2036 | | A | | | 4,860 | | | | 4,767,028 | |
Yorba Linda Redev Agy | | | 6.00 | % | | 9/1/2026 | | NR | | | 1,145 | | | | 1,220,490 | |
Yorba Linda Redev Agy | | | 6.50 | % | | 9/1/2032 | | NR | | | 2,250 | | | | 2,410,020 | |
Total | | | | | | | | | | | | | | | 148,309,629 | |
| | | | | | | | | | | | | | | | |
Tobacco 4.47% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Buckeye Tobacco | | | Zero Coupon | | | 6/1/2057 | | NR | | | 19,000 | | | | 2,642,520 | |
Buckeye Tobacco | | | 3.00 | % | | 6/1/2048 | | BBB+ | | | 8,000 | | | | 7,606,400 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Tobacco (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Buckeye Tobacco | | | 5.00 | % | | 6/1/2055 | | NR | | $ | 31,500 | | | $ | 33,221,160 | |
Golden St Tobacco | | | 5.00 | % | | 6/1/2029 | | BBB | | | 2,500 | | | | 3,019,650 | |
Golden St Tobacco | | | 5.00 | % | | 6/1/2030 | | Aa3 | | | 500 | | | | 556,715 | |
Golden St Tobacco | | | 5.00 | % | | 6/1/2047 | | NR | | | 7,500 | | | | 7,593,975 | |
Golden St Tobacco | | | 5.00 | % | | 6/1/2047 | | NR | | | 8,130 | | | | 8,231,869 | |
Golden St Tobacco | | | 5.25 | % | | 6/1/2047 | | NR | | | 4,375 | | | | 4,451,038 | |
Los Angeles Co Tobacco | | | Zero Coupon | | | 6/1/2055 | | NR | | | 9,000 | | | | 1,534,680 | |
Los Angeles Co Tobacco | | | 4.00 | % | | 6/1/2049 | | BBB+ | | | 2,010 | | | | 2,201,091 | |
Los Angeles Co Tobacco | | | 5.00 | % | | 6/1/2049 | | BBB- | | | 250 | | | | 290,038 | |
MI Tob Settlement | | | 5.125 | % | | 6/1/2022 | | B- | | | 500 | | | | 500,515 | |
Nassau Co Tobacco | | | Zero Coupon | | | 6/1/2060 | | NR | | | 20,000 | | | | 732,800 | |
Nthrn CA Tobacco | | | 5.50 | % | | 6/1/2045 | | B- | | | 3,000 | | | | 3,000,660 | |
PA Tob Settlement (AGM) | | | 4.00 | % | | 6/1/2039 | | AA | | | 15,000 | | | | 16,725,900 | |
Railsplitter Tobacco Settlement Auth | | | 5.00 | % | | 6/1/2027 | | A | | | 3,325 | | | | 3,930,948 | |
Railsplitter Tobacco Settlement Auth | | | 6.00 | % | | 6/1/2028 | | NR | | | 5,625 | | | | 5,917,387 | |
San Diego Co Tobacco | | | 5.00 | % | | 6/1/2048 | | BBB- | | | 9,700 | | | | 11,194,576 | |
San Diego Co Tobacco | | | 5.00 | % | | 6/1/2048 | | BBB+ | | | 1,500 | | | | 1,771,395 | |
Suffolk Tobacco Asset Sec Corp | | | 5.375 | % | | 6/1/2028 | | NR | | | 5,895 | | | | 5,905,375 | |
Tobacco Settlement Auth IA | | | 5.50 | % | | 6/1/2042 | | B- | | | 205 | | | | 207,981 | |
Tobacco Settlement Auth WA | | | 5.25 | % | | 6/1/2032 | | A- | | | 2,000 | | | | 2,053,200 | |
Tobacco Settlement Fin Corp LA | | | 5.25 | % | | 5/15/2035 | | A- | | | 2,310 | | | | 2,483,966 | |
Tobacco Settlement Fin Corp NJ | | | 3.20 | % | | 6/1/2027 | | BBB | | | 1,535 | | | | 1,562,384 | |
Tobacco Settlement Fin Corp NJ | | | 5.00 | % | | 6/1/2031 | | A- | | | 4,605 | | | | 5,664,426 | |
Tobacco Settlement Fin Corp NJ | | | 5.00 | % | | 6/1/2033 | | A- | | | 1,000 | | | | 1,215,040 | |
Tobacco Settlement Fin Corp NJ | | | 5.00 | % | | 6/1/2046 | | BB+ | | | 3,760 | | | | 4,130,473 | |
Tobacco Settlement Fin Corp VA | | | 5.00 | % | | 6/1/2047 | | B- | | | 7,540 | | | | 7,540,829 | |
TSASC | | | 5.00 | % | | 6/1/2023 | | B- | | | 3,400 | | | | 3,441,174 | |
TSASC | | | 5.00 | % | | 6/1/2035 | | A- | | | 1,390 | | | | 1,624,868 | |
TSASC | | | 5.00 | % | | 6/1/2036 | | A- | | | 620 | | | | 722,145 | |
TSASC | | | 5.00 | % | | 6/1/2048 | | NR | | | 5,550 | | | | 5,637,246 | |
Total | | | | | | | | | | | | | | | 157,312,424 | |
| | | | | | | | | | | | | | | | |
Transportation 22.43% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
AL Port Auth (AGM) | | | 5.00 | % | | 10/1/2036 | | AA | | | 750 | | | | 910,680 | |
AL Port Auth AMT (AGM) | | | 5.00 | % | | 10/1/2034 | | AA | | | 2,000 | | | | 2,422,640 | |
AL Port Auth AMT (AGM) | | | 5.00 | % | | 10/1/2035 | | AA | | | 2,000 | | | | 2,413,880 | |
Alameda Corridor Trsp Auth (AGM) | | | 5.00 | % | | 10/1/2034 | | AA | | | 3,650 | | | | 4,255,352 | |
Atlanta Arpt | | | 5.25 | % | | 1/1/2030 | | Aa3 | | | 635 | | | | 648,418 | |
Atlanta Arpt - PFC | | | 5.00 | % | | 1/1/2028 | | AA- | | | 2,000 | | | | 2,265,740 | |
Atlanta Arpt - PFC | | | 5.00 | % | | 1/1/2031 | | AA- | | | 4,000 | | | | 4,505,040 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Atlanta Arpt AMT | | | 4.00 | % | | 7/1/2039 | | AA- | | $ | 2,250 | | | $ | 2,522,723 | |
Bay Area Toll Auth | | | 3.00 | % | | 4/1/2054 | | AA- | | | 2,500 | | | | 2,573,425 | |
Bay Area Toll Auth | | | 4.00 | % | | 4/1/2049 | | AA- | | | 4,860 | | | | 5,331,760 | |
CA Muni Fin - LINXS (AGM) AMT | | | 4.00 | % | | 12/31/2047 | | AA | | | 3,630 | | | | 3,873,355 | |
CA Muni Fin - LINXS AMT | | | 4.00 | % | | 12/31/2047 | | BBB- | (c) | | 14,450 | | | | 15,053,721 | |
CA Muni Fin Auth - LINXS AMT | | | 5.00 | % | | 12/31/2038 | | BBB- | (c) | | 5,000 | | | | 5,744,450 | |
Canaveral FL Port Auth AMT | | | 5.00 | % | | 6/1/2045 | | A2 | | | 4,630 | | | | 5,087,259 | |
Canaveral Port Auth | | | 5.00 | % | | 6/1/2048 | | A2 | | | 4,890 | | | | 5,348,486 | |
Central TX Mobility Auth | | | 5.00 | % | | 1/1/2042 | | BBB+ | | | 6,185 | | | | 6,465,737 | |
Central TX Mobility Auth | | | 5.00 | % | | 1/1/2045 | | A- | | | 4,500 | | | | 4,924,305 | |
Central TX Mobility Auth | | | 6.00 | % | | 1/1/2041 | | A- | | | 10,000 | | | | 10,288,100 | |
Central TX Tpk | | | 3.00 | % | | 8/15/2040 | | A | | | 4,350 | | | | 4,493,419 | |
Central TX Tpk | | | 5.00 | % | | 8/15/2033 | | A- | | | 5,750 | | | | 6,313,672 | |
Central TX Tpk | | | 5.00 | % | | 8/15/2037 | | A- | | | 1,000 | | | | 1,088,380 | |
Charlotte Arpt | | | 5.00 | % | | 7/1/2033 | | AA- | | | 575 | | | | 596,246 | |
Chicago Midway Arpt | | | 4.00 | % | | 1/1/2034 | | A | | | 1,000 | | | | 1,078,460 | |
Chicago O’Hare Arpt | | | 4.00 | % | | 1/1/2044 | | A | | | 13,500 | | | | 14,806,935 | |
Chicago O’Hare Arpt | | | 5.00 | % | | 1/1/2035 | | A | | | 1,040 | | | | 1,043,661 | |
Chicago O’Hare Arpt | | | 5.00 | % | | 1/1/2048 | | A | | | 1,020 | | | | 1,215,095 | |
Chicago O’Hare Arpt | | | 5.625 | % | | 1/1/2035 | | A | | | 280 | | | | 285,729 | |
Chicago O’Hare Arpt AMT | | | 5.00 | % | | 1/1/2048 | | A | | | 10,000 | | | | 11,786,900 | |
Chicago O’Hare Arpt - TRIPS AMT | | | 5.00 | % | | 7/1/2048 | | BBB+ | | | 2,500 | | | | 2,787,750 | |
Chicago O’Hare Arpt AMT | | | 5.00 | % | | 1/1/2047 | | A | | | 5,735 | | | | 6,543,348 | |
Chicago O’Hare Arpt AMT | | | 5.00 | % | | 1/1/2053 | | A | | | 10,000 | | | | 11,730,100 | |
Cleveland Arpt (AGM) | | | 5.00 | % | | 1/1/2031 | | AA | | | 900 | | | | 1,028,268 | |
CT Airport Auth - Bradley Arpt AMT | | | 4.00 | % | | 7/1/2049 | | A- | | | 3,600 | | | | 3,907,080 | |
CT Airport Auth - Ground Trans Proj AMT | | | 5.00 | % | | 7/1/2049 | | A- | | | 3,425 | | | | 4,045,918 | |
Delaware River Port Auth | | | 5.00 | % | | 1/1/2029 | | A+ | | | 470 | | | | 530,033 | |
Delaware River Port Auth | | | 5.00 | % | | 1/1/2034 | | A+ | | | 8,000 | | | | 8,905,520 | |
Denver City & Co Arpt | | | 4.00 | % | | 12/1/2043 | | A | | | 5,000 | | | | 5,568,450 | |
Denver City & Co Arpt AMT | | | 4.00 | % | | 12/1/2043 | | A | | | 2,565 | | | | 2,811,702 | |
Denver City & Co Arpt AMT | | | 4.00 | % | | 12/1/2048 | | A | | | 4,255 | | | | 4,633,652 | |
Denver City & Co Arpt AMT | | | 5.25 | % | | 11/15/2043 | | A | | | 8,000 | | | | 8,786,640 | |
DFW Arpt | | | 5.00 | % | | 11/1/2030 | | A | | | 850 | | | | 953,896 | |
E470 Pub Hwy Auth (NPFGC)(FGIC) | | | Zero Coupon | | | 9/1/2032 | | A | | | 4,200 | | | | 3,309,600 | |
E470 Pub Hwy Auth (NPFGC)(FGIC) | | | Zero Coupon | | | 9/1/2037 | | A | | | 7,720 | | | | 3,994,482 | |
Eagle Co Arpt AMT | | | 5.00 | % | | 5/1/2033 | | Baa2 | | | 2,430 | | | | 2,764,538 | |
Eagle Co Arpt AMT | | | 5.00 | % | | 5/1/2037 | | Baa2 | | | 1,000 | | | | 1,126,940 | |
Eagle Co Arpt AMT | | | 5.00 | % | | 5/1/2041 | | Baa2 | | | 3,000 | | | | 3,351,120 | |
FL Tpk Auth - Dept Trans | | | 5.00 | % | | 7/1/2034 | | AA | | | 500 | | | | 522,405 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Foothill / Eastern Corridor Toll Rd | | | Zero Coupon | | | 1/15/2033 | | A- | | $ | 5,000 | | | $ | 3,346,400 | |
Foothill / Eastern Corridor Toll Rd | | | 3.50 | % | | 1/15/2053 | | A- | | | 12,500 | | | | 12,943,750 | |
Foothill / Eastern Corridor Toll Rd | | | 5.75 | % | | 1/15/2046 | | A- | | | 5,375 | | | | 5,976,892 | |
Foothill / Eastern Corridor Toll Rd | | | 6.00 | % | | 1/15/2049 | | A- | | | 9,000 | | | | 10,785,420 | |
Foothill / Eastern Corridor Toll Rd | | | 6.00 | % | | 1/15/2053 | | A- | | | 8,000 | | | | 9,587,040 | |
Foothill / Eastern Corridor Toll Rd | | | 6.25 | % | | 1/15/2033 | | BBB+ | | | 6,500 | | | | 7,383,935 | |
Greater Orlando Aviation AMT | | | 4.00 | % | | 10/1/2044 | | AA- | | | 7,500 | | | | 8,305,575 | |
Hampton Roads Trans Commn | | | 5.50 | % | | 7/1/2057 | | AA | | | 7,500 | | | | 9,418,875 | |
Harris Co Toll Rd (The) | | | 4.00 | % | | 8/15/2048 | | Aa2 | | | 500 | | | | 567,320 | |
HI Airport Sys AMT | | | 5.00 | % | | 7/1/2041 | | AA- | | | 5,000 | | | | 5,665,900 | |
HI Airport Sys AMT | | | 5.00 | % | | 7/1/2048 | | AA- | | | 11,905 | | | | 14,033,614 | |
Houston Arpt - Continental Airlines AMT | | | 6.625 | % | | 7/15/2038 | | BB- | | | 2,500 | | | | 2,544,675 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/1/2027 | | BB- | (c) | | 340 | | | | 354,249 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/15/2027 | | BB- | (c) | | 1,000 | | | | 1,028,030 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/15/2027 | | BB- | (c) | | 550 | | | | 573,155 | |
Kansas City IDA - Kansas City Intl Airport AMT | | | 5.00 | % | | 3/1/2054 | | A | | | 23,835 | | | | 27,965,844 | |
Lee Co Arpt AMT | | | 5.375 | % | | 10/1/2032 | | A | | | 3,695 | | | | 3,845,645 | |
Los Angeles Dept Arpts - LAX | | | 5.00 | % | | 5/15/2035 | | AA- | | | 710 | | | | 717,633 | |
Los Angeles Dept Arpts - LAX AMT | | | 5.00 | % | | 5/15/2041 | | AA | | | 4,000 | | | | 4,522,120 | |
MA Port Auth AMT | | | 4.00 | % | | 7/1/2046 | | AA | | | 5,465 | | | | 5,811,590 | |
MA Port Auth AMT | | | 5.00 | % | | 7/1/2040 | | AA | | | 1,500 | | | | 1,703,700 | |
MA Port Auth AMT | | | 5.00 | % | | 7/1/2045 | | AA | | | 3,315 | | | | 3,738,790 | |
MD EDC - Ports America Chesapeake AMT | | | 5.00 | % | | 6/1/2044 | | Baa3 | | | 375 | | | | 401,381 | |
MD EDC - Ports America Chesapeake AMT | | | 5.00 | % | | 6/1/2049 | | Baa3 | | | 750 | | | | 797,423 | |
MD Trans - Baltimore Intl Arpt AMT | | | 3.00 | % | | 6/1/2036 | | A+ | | | 7,310 | | | | 7,439,460 | |
Met Airpt Auth - Dulles Metrorail | | | 4.00 | % | | 10/1/2053 | | A- | | | 4,690 | | | | 5,040,765 | |
Met DC Arpt | | | 5.00 | % | | 10/1/2035 | | AA- | | | 255 | | | | 258,004 | |
Met DC Arpt AMT | | | 5.00 | % | | 10/1/2027 | | AA- | | | 3,250 | | | | 3,742,180 | |
Met DC Arpt AMT | | | 5.00 | % | | 10/1/2028 | | AA- | | | 2,000 | | | | 2,232,160 | |
Met DC Arpt AMT | | | 5.00 | % | | 10/1/2035 | | AA- | | | 4,525 | | | | 5,339,771 | |
Met Nashville Arpt Auth | | | 4.00 | % | | 7/1/2049 | | A2 | | | 18,400 | | | | 20,355,552 | |
Met Nashville Arpt Auth AMT | | | 4.00 | % | | 7/1/2054 | | A2 | | | 3,000 | | | | 3,303,180 | |
Met Nashville Arpt Auth AMT | | | 5.00 | % | | 7/1/2049 | | A2 | | | 5,000 | | | | 6,077,300 | |
MI Strategic Fund - I-75 AMT | | | 5.00 | % | | 6/30/2048 | | Baa2 | | | 2,500 | | | | 2,718,475 | |
Miami Dade Co - Rickenbacker Cswy | | | 5.00 | % | | 10/1/2029 | | A- | | | 500 | | | | 548,705 | |
Miami Dade Co - Rickenbacker Cswy | | | 5.00 | % | | 10/1/2030 | | A- | | | 550 | | | | 600,996 | |
Miami Dade Co - Rickenbacker Cswy | | | 5.00 | % | | 10/1/2032 | | A- | | | 1,160 | | | | 1,258,322 | |
Miami Dade Co Aviation - MIA AMT | | | 5.00 | % | | 10/1/2028 | | A | | | 4,435 | | | | 5,024,101 | |
Miami Dade Co Aviation - MIA AMT | | | 5.00 | % | | 10/1/2029 | | A | | | 2,500 | | | | 2,823,325 | |
Miami Dade Co Aviation - Mia AMT | | | 5.00 | % | | 10/1/2034 | | A | | | 10,000 | | | | 11,120,000 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Miami Dade Co Expwy Auth | | | 5.00 | % | | 7/1/2027 | | A | | $ | 160 | | | $ | 180,736 | |
Miami Dade Co Expwy Auth | | | 5.00 | % | | 7/1/2028 | | A | | | 515 | | | | 581,528 | |
Mid Bay Bridge Auth | | | 7.25 | % | | 10/1/2034 | | AAApr | (c) | | 5,900 | | | | 6,402,267 | |
Minneapolis / St Paul Met Arpts | | | 5.00 | % | | 1/1/2027 | | A+ | | | 575 | | | | 652,458 | |
Minneapolis / St Paul Met Arpts | | | 5.00 | % | | 1/1/2031 | | A+ | | | 2,000 | | | | 2,248,880 | |
MTA NY | | | 5.00 | %#(a) | | 11/15/2045 | | A2 | | | 2,700 | | | | 3,115,827 | |
MTA NY | | | 5.00 | % | | 11/15/2050 | | A2 | | | 3,125 | | | | 3,549,531 | |
MTA NY | | | 5.25 | % | | 11/15/2055 | | A2 | | | 6,000 | | | | 6,880,260 | |
NC Tpk Auth - Triangle Exprs | | | 4.00 | % | | 1/1/2055 | | AA | | | 4,000 | | | | 4,332,880 | |
NC Tpk Auth - Triangle Exprs | | | 5.00 | % | | 1/1/2032 | | BBB | | | 1,350 | | | | 1,546,412 | |
NC Tpk Auth - Triangle Exprs | | | 5.00 | % | | 1/1/2043 | | BBB | | | 1,150 | | | | 1,313,829 | |
NC Tpk Auth - Triangle Exprs (AGM) | | | 4.00 | % | | 1/1/2037 | | AA | | | 14,255 | | | | 15,836,165 | |
NC Tpk Auth - Triangle Exprs (AGM) | | | 4.00 | % | | 1/1/2038 | | AA | | | 1,000 | | | | 1,107,580 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | | 5.00 | % | | 4/1/2025 | | A3 | | | 2,750 | | | | 3,122,378 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | | 5.00 | % | | 4/1/2026 | | A3 | | | 1,000 | | | | 1,133,060 | |
NJ Tpk Auth | | | 4.00 | % | | 1/1/2033 | | A+ | | | 1,630 | | | | 1,822,715 | |
NJ Tpk Auth | | | 4.00 | % | | 1/1/2043 | | A+ | | | 5,555 | | | | 6,012,732 | |
North TX Twy Auth | | | 5.00 | % | | 1/1/2031 | | A | | | 250 | | | | 280,928 | |
North TX Twy Auth | | | 5.00 | % | | 1/1/2040 | | A+ | | | 4,350 | | | | 4,669,290 | |
North TX Twy Auth | | | 5.00 | % | | 1/1/2048 | | A | | | 5,000 | | | | 5,846,500 | |
NY Trans Dev Corp - Delta AMT | | | 4.00 | % | | 1/1/2036 | | Baa3 | | | 3,295 | | | | 3,332,398 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2029 | | Baa3 | | | 2,000 | | | | 2,146,160 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2030 | | Baa3 | | | 3,275 | | | | 3,514,337 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2033 | | Baa3 | | | 12,450 | | | | 13,351,504 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2034 | | Baa3 | | | 3,855 | | | | 4,134,141 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2036 | | Baa3 | | | 2,250 | | | | 2,412,923 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | | 4.00 | % | | 7/1/2041 | | Baa3 | | | 2,330 | | | | 2,386,875 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | | 4.00 | % | | 7/1/2046 | | Baa3 | | | 1,340 | | | | 1,366,184 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | | 5.00 | % | | 7/1/2046 | | Baa3 | | | 4,850 | | | | 5,223,741 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | | 5.25 | % | | 1/1/2050 | | Baa3 | | | 19,210 | | | | 20,839,008 | |
NY Twy Auth (AGM) | | | 4.00 | % | | 1/1/2051 | | AA | | | 2,725 | | | | 2,939,948 | |
Orlando & Orange Co Expwy Auth | | | 4.00 | % | | 7/1/2035 | | A+ | | | 5,000 | | | | 5,484,700 | |
Osceola Parkway | | | 4.00 | % | | 10/1/2054 | | BBB+ | | | 9,300 | | | | 10,119,144 | |
PA Tpk Commn | | | 4.00 | % | | 12/1/2038 | | A3 | | | 3,425 | | | | 3,732,668 | |
PA Tpk Commn | | | 4.00 | % | | 12/1/2049 | | A3 | | | 3,500 | | | | 3,775,485 | |
PA Tpk Commn | | | 5.00 | % | | 6/1/2029 | | A3 | | | 9,000 | | | | 10,510,560 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
PA Tpk Commn | | | 5.00 | % | | 12/1/2039 | | A+ | | $ | 750 | | | $ | 844,185 | |
PA Tpk Commn | | | 5.00 | % | | 12/1/2044 | | A3 | | | 2,500 | | | | 2,958,125 | |
Philadelphia Airport AMT | | | 5.00 | % | | 7/1/2042 | | A | | | 4,440 | | | | 5,089,750 | |
Phoenix Arpt AMT | | | 4.00 | % | | 7/1/2037 | | A+ | | | 8,000 | | | | 8,946,400 | |
Phoenix Arpt AMT | | | 4.00 | % | | 7/1/2038 | | A+ | | | 5,960 | | | | 6,644,923 | |
Phoenix Arpt AMT | | | 4.00 | % | | 7/1/2044 | | A+ | | | 2,000 | | | | 2,195,680 | |
Port Auth NY & NJ | | | 4.00 | % | | 9/1/2043 | | Aa3 | | | 2,000 | | | | 2,255,760 | |
Port Auth NY & NJ | | | 5.25 | % | | 10/15/2055 | | Aa3 | | | 3,675 | | | | 4,277,296 | |
Port Auth NY & NJ - JFK IAT | | | 6.00 | % | | 12/1/2036 | | Baa1 | | | 5,000 | | | | 5,039,950 | |
Port Auth NY & NJ - JFK IAT CR (AGM) | | | 6.00 | % | | 12/1/2042 | | AA | | | 1,875 | | | | 1,910,906 | |
Port Auth NY & NJ AMT | | | 4.00 | % | | 11/1/2059 | | Aa3 | | | 3,030 | | | | 3,328,728 | |
Port Oakland AMT | | | 5.00 | % | | 5/1/2028 | | A+ | | | 2,350 | | | | 2,408,116 | |
Port of Portland - Portland Intl Arpt AMT | | | 5.00 | % | | 7/1/2039 | | AA- | | | 2,000 | | | | 2,217,420 | |
PR Hwy & Trans Auth(d) | | | 4.00 | % | | 7/1/2017 | | NR | | | 240 | | | | 110,400 | |
PR Hwy & Trans Auth (AGM) | | | 5.25 | % | | 7/1/2032 | | AA | | | 2,000 | | | | 2,170,960 | |
PR Hwy & Trans Auth (AGM) | | | 5.50 | % | | 7/1/2025 | | AA | | | 2,000 | | | | 2,182,500 | |
Sacramento Co Arpt | | | 5.00 | % | | 7/1/2041 | | A | | | 8,000 | | | | 9,106,240 | |
Salt Lake City Arpt AMT | | | 5.00 | % | | 7/1/2034 | | A+ | | | 5,000 | | | | 5,984,400 | |
San Antonio Arpt AMT | | | 5.00 | % | | 7/1/2045 | | A+ | | | 8,435 | | | | 9,473,348 | |
San Diego Arpt AMT | | | 4.00 | % | | 7/1/2044 | | A | | | 800 | | | | 882,968 | |
San Francisco Arpt AMT | | | 4.00 | % | | 5/1/2049 | | A+ | | | 1,500 | | | | 1,650,720 | |
San Francisco Arpt AMT | | | 5.00 | % | | 5/1/2025 | | A+ | | | 5,000 | | | | 5,163,250 | |
San Francisco Arpt AMT | | | 5.00 | % | | 5/1/2050 | | A+ | | | 8,150 | | | | 9,769,975 | |
San Francisco Arpt AMT | | | 5.25 | % | | 5/1/2033 | | A+ | | | 7,000 | | | | 7,670,110 | |
San Joaquin Hills Trsp Corridor | | | 5.00 | % | | 1/15/2050 | | A- | | | 11,250 | | | | 12,360,487 | |
San Jose Arpt | | | 5.00 | % | | 3/1/2047 | | A | | | 750 | | | | 889,320 | |
San Jose Arpt AMT | | | 5.00 | % | | 3/1/2047 | | A | | | 2,800 | | | | 3,229,492 | |
San Jose Arpt AMT | | | 6.25 | % | | 3/1/2034 | | A | | | 5,000 | | | | 5,162,300 | |
SC St Port Auth AMT | | | 5.00 | % | | 7/1/2044 | | A+ | | | 5,000 | | | | 5,933,250 | |
Triborough Brdg & Tunl Auth | | | 4.00 | % | | 11/15/2054 | | AA- | | | 8,500 | | | | 9,661,525 | |
Triborough Brdg & Tunl Auth | | | 5.00 | % | | 11/15/2042 | | AA- | | | 1,640 | | | | 1,970,345 | |
Triborough Brdg & Tunl Auth | | | 5.00 | % | | 11/15/2054 | | AA- | | | 6,800 | | | | 8,466,680 | |
TX Surface Trans Corp - NTE Seg 3C AMT | | | 5.00 | % | | 6/30/2058 | | Baa3 | | | 5,185 | | | | 5,900,737 | |
TX Trans Comm - Hwy 249 | | | Zero Coupon | | | 8/1/2040 | | Baa3 | | | 2,150 | | | | 905,903 | |
TX Trans Comm - Hwy 249 | | | Zero Coupon | | | 8/1/2042 | | Baa3 | | | 2,500 | | | | 943,200 | |
TX Trans Comm - Hwy 249 | | | Zero Coupon | | | 8/1/2046 | | Baa3 | | | 1,000 | | | | 303,050 | |
TX Trans Comm - Hwy 249 | | | 5.00 | % | | 8/1/2057 | | Baa3 | | | 2,625 | | | | 2,943,098 | |
VA Small Bus Fing - 95 Express Lanes AMT | | | 5.00 | % | | 7/1/2034 | | BBB- | | | 1,525 | | | | 1,570,232 | |
VA Small Bus Fing - 95 Express Lanes AMT | | | 5.00 | % | | 7/1/2034 | | BBB- | | | 5,000 | | | | 5,148,300 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
VA Small Bus Fing - 95 Express Lanes AMT | | | 5.00 | % | | 1/1/2044 | | BBB- | | $ | 5,000 | | | $ | 5,140,900 | |
VA Small Bus Fing - 95 Express Lanes AMT | | | 5.00 | % | | 7/1/2049 | | BBB- | | | 8,545 | | | | 8,785,798 | |
VA Small Bus Fing - Elizabeth River AMT | | | 5.25 | % | | 1/1/2032 | | BBB- | | | 6,100 | | | | 6,423,483 | |
VA Small Bus Fing - Elizabeth River AMT | | | 6.00 | % | | 1/1/2037 | | BBB- | | | 1,230 | | | | 1,306,260 | |
Wayne Co Arpt AMT | | | 5.00 | % | | 12/1/2039 | | A1 | | | 1,700 | | | | 1,888,768 | |
Wayne Co Arpt AMT | | | 5.00 | % | | 12/1/2042 | | A1 | | | 1,200 | | | | 1,384,056 | |
WV Parkways Auth | | | 4.00 | % | | 6/1/2047 | | AA- | | | 5,235 | | | | 5,916,178 | |
Total | | | | | | | | | | | | | | | 788,967,466 | |
| | | | | | | | | | | | | | | | |
Utilities 11.85% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Adelanto Util Sys (AGM) | | | 5.00 | % | | 7/1/2039 | | AA | | | 1,500 | | | | 1,834,320 | |
Baltimore Wastewater | | | 5.00 | % | | 7/1/2039 | | AA- | | | 4,750 | | | | 5,439,605 | |
Baltimore Water | | | 4.00 | % | | 7/1/2049 | | AA- | | | 5,850 | | | | 6,590,610 | |
Baltimore Water | | | 5.00 | % | | 7/1/2032 | | A+ | | | 2,435 | | | | 2,800,323 | |
Baltimore Water | | | 5.00 | % | | 7/1/2046 | | A+ | | | 10,000 | | | | 11,691,600 | |
Burke Co Dev - Oglethorpe Power | | | 4.125 | % | | 11/1/2045 | | BBB+ | | | 3,025 | | | | 3,283,365 | |
Burke Co Dev - Oglethorpe Power | | | 4.125 | % | | 11/1/2045 | | BBB+ | | | 3,380 | | | | 3,668,686 | |
CA Poll Ctl - Poseidon Res† | | | 5.00 | % | | 7/1/2039 | | Baa3 | | | 2,200 | | | | 2,506,636 | |
CA Poll Ctl - Poseidon Res† | | | 5.00 | % | | 11/21/2045 | | Baa3 | | | 2,750 | | | | 3,102,632 | |
Campbell Co Solid Wste - Basin Elec | | | 3.625 | % | | 7/15/2039 | | A | | | 11,270 | | | | 11,977,756 | |
Casitas Muni Water Dist (BAM) | | | 5.25 | % | | 9/1/2047 | | AA | | | 500 | | | | 607,090 | |
Central Plains - Goldman Sachs | | | 5.00 | % | | 9/1/2032 | | A3 | | | 5,525 | | | | 5,913,076 | |
Central Plains - Goldman Sachs | | | 5.00 | % | | 9/1/2042 | | BBB+ | | | 11,040 | | | | 14,928,840 | |
Central Plains - Goldman Sachs | | | 5.25 | % | | 9/1/2037 | | A3 | | | 9,025 | | | | 9,706,658 | |
Chicago Water | | | 5.00 | % | | 11/1/2029 | | A | | | 4,560 | | | | 5,453,851 | |
Chicago Water | | | 5.00 | % | | 11/1/2036 | | A | | | 1,775 | | | | 2,034,221 | |
Chicago Water | | | 5.00 | % | | 11/1/2039 | | A | | | 3,455 | | | | 3,748,260 | |
Chicago Water (AGM) | | | 5.00 | % | | 11/1/2036 | | AA | | | 3,000 | | | | 3,481,260 | |
Chicago Water (AGM) | | | 5.00 | % | | 11/1/2037 | | AA | | | 2,500 | | | | 2,893,450 | |
Chula Vista IDR - San Diego G & E Rmkt | | | 5.875 | % | | 1/1/2034 | | A | | | 2,125 | | | | 2,132,523 | |
CO Public Auth - ML | | | 6.50 | % | | 11/15/2038 | | A2 | | | 4,305 | | | | 6,479,671 | |
Compton Water | | | 6.00 | % | | 8/1/2039 | | NR | | | 5,500 | | | | 5,518,425 | |
DE EDA - NRG Energy | | | 5.375 | % | | 10/1/2045 | | Baa2 | | | 12,000 | | | | 12,028,560 | |
Detroit Sewer | | | 5.00 | % | | 7/1/2034 | | A+ | | | 1,980 | | | | 2,320,461 | |
El Dorado Irrigation Dist (AGM) | | | 5.00 | % | | 3/1/2034 | | AA | | | 4,000 | | | | 4,674,920 | |
GA Muni Elec Auth - MEAG | | | 4.00 | % | | 1/1/2049 | | BBB+ | | | 5,000 | | | | 5,398,800 | |
GA Muni Elec Auth - MEAG | | | 5.00 | % | | 1/1/2033 | | NR | | | 1,910 | | | | 2,150,393 | |
GA Muni Elec Auth - MEAG | | | 5.00 | % | | 1/1/2048 | | BBB+ | | | 5,000 | | | | 5,846,200 | |
GA Muni Elec Auth - MEAG | | | 5.00 | % | | 1/1/2056 | | A | | | 2,200 | | | | 2,556,246 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
GA Muni Elec Auth - MEAG | | | 5.00 | % | | 1/1/2059 | | BBB+ | | $ | 2,000 | | | $ | 2,308,340 | |
Gainesville Utility | | | 5.25 | % | | 10/1/2034 | | AA- | | | 150 | | | | 151,685 | |
Guam Waterworks Auth | | | 5.00 | % | | 1/1/2050 | | A- | | | 2,250 | | | | 2,691,248 | |
HI Dept Budget - Hawaiian Electric | | | 3.20 | % | | 7/1/2039 | | Baa2 | | | 17,590 | | | | 18,177,154 | |
HI Dept Budget - Hawaiian Electric AMT | | | 3.10 | % | | 5/1/2026 | | Baa2 | | | 6,235 | | | | 6,646,697 | |
IN Fin Auth - OVEC | | | 5.00 | % | | 6/1/2039 | | Ba1 | | | 2,315 | | | | 2,398,456 | |
Jefferson Co Sewer | | | Zero Coupon | | | 10/1/2039 | | BBB | | | 350 | | | | 342,006 | |
Jefferson Co Sewer | | | 6.50 | % | | 10/1/2053 | | BBB | | | 7,700 | | | | 8,941,779 | |
Jefferson Co Sewer (AGM) | | | Zero Coupon | | | 10/1/2026 | | AA | | | 1,000 | | | | 845,530 | |
Jefferson Co Sewer (AGM) | | | Zero Coupon | | | 10/1/2027 | | AA | | | 4,875 | | | | 3,858,757 | |
Jefferson Co Sewer (AGM) | | | 5.50 | % | | 10/1/2053 | | AA | | | 3,555 | | | | 3,976,694 | |
KY Muni Pwr - Prairie State Proj | | | 4.00 | % | | 9/1/2045 | | Baa1 | | | 8,605 | | | | 9,044,629 | |
KY Muni Pwr Auth (NPFGC)(FGIC) | | | 5.00 | % | | 9/1/2035 | | Baa1 | | | 5,000 | | | | 5,700,050 | |
KY Muni Pwr Auth (NPFGC)(FGIC) | | | 5.00 | % | | 9/1/2036 | | Baa1 | | | 5,000 | | | | 5,683,450 | |
Long Beach Nat Gas - ML | | | 5.50 | % | | 11/15/2037 | | A2 | | | 8,950 | | | | 12,718,845 | |
Louisville/Jeff CO Met Swr Dist | | | 3.25 | % | | 5/15/2046 | | AA | | | 2,450 | | | | 2,573,676 | |
Louisville/Jeff Co Met Swr Dist | | | 5.00 | % | | 5/15/2028 | | AA | | | 9,710 | | | | 10,307,650 | |
Lower AL Gas Dist - Goldman Sachs | | | 5.00 | % | | 9/1/2031 | | A3 | | | 1,000 | | | | 1,273,220 | |
Lower Colo Riv Auth - Transmn Contract | | | 5.00 | % | | 5/15/2040 | | A | | | 2,970 | | | | 3,442,557 | |
Main St Nat Gas - Citibank | | | 4.00 | %#(a) | | 3/1/2050 | | A3 | | | 2,725 | | | | 3,132,115 | |
Main St Nat Gas - Macquarie | | | 5.00 | % | | 5/15/2035 | | A3 | | | 2,000 | | | | 2,567,360 | |
Maricopa Co Poll Cntrl - El Paso Elec | | | 3.60 | % | | 2/1/2040 | | BBB | | | 5,085 | | | | 5,371,896 | |
Maricopa Co Poll Cntrl - El Paso Elec | | | 3.60 | % | | 4/1/2040 | | BBB | | | 3,445 | | | | 3,637,817 | |
New Orleans Water | | | 5.00 | % | | 12/1/2034 | | A- | | | 1,000 | | | | 1,155,500 | |
NJ EDA - Nat Gas AMT | | | 3.00 | % | | 8/1/2041 | | A1 | | | 5,000 | | | | 5,083,700 | |
Norfolk Water | | | 5.25 | % | | 11/1/2028 | | AA+ | | | 1,000 | | | | 1,241,500 | |
North Sumter Co Util Dep Dist | | | 5.00 | % | | 10/1/2032 | | A- | | | 5,400 | | | | 5,670,594 | |
North Sumter Co Util Dep Dist | | | 5.375 | % | | 10/1/2030 | | AA- | | | 5,240 | | | | 5,304,714 | |
NYC Muni Water | | | 5.00 | % | | 6/15/2036 | | AA+ | | | 500 | | | | 577,240 | |
Omaha Pub Pwr Dist | | | 5.25 | % | | 2/1/2042 | | A+ | | | 4,000 | | | | 4,692,680 | |
Paducah Electric (AGM) | | | 5.00 | % | | 10/1/2033 | | AA | | | 1,000 | | | | 1,193,090 | |
Paducah Electric (AGM) | | | 5.00 | % | | 10/1/2034 | | AA | | | 1,000 | | | | 1,190,320 | |
Paducah Electric (AGM) | | | 5.00 | % | | 10/1/2035 | | AA | | | 1,000 | | | | 1,187,840 | |
Philadelphia Gas Works | | | 5.00 | % | | 8/1/2029 | | A | | | 2,000 | | | | 2,320,600 | |
Philadelphia Gas Works | | | 5.00 | % | | 8/1/2030 | | A | | | 1,500 | | | | 1,734,120 | |
Philadelphia Water & Wastewater | | | 5.00 | % | | 7/1/2030 | | A+ | | | 3,355 | | | | 3,990,772 | |
Philadelphia Water & Wastewater | | | 5.25 | % | | 10/1/2052 | | A+ | | | 6,610 | | | | 7,965,975 | |
PR Aqueduct & Swr Auth | | | 5.25 | % | | 7/1/2042 | | Ca | | | 3,240 | | | | 3,312,900 | |
PR Aqueduct & Swr Auth | | | 5.75 | % | | 7/1/2037 | | Ca | | | 3,080 | | | | 3,195,500 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | | | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities (continued) | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
PR Elec Pwr Auth(d) | | 1.66% (3 Mo. LIBOR * .67 + .70 | %)# | | 7/1/2031 | | D | (c) | $ | 4,000 | | | $ | 2,530,000 | (e) |
PR Elec Pwr Auth(d) | | | | | | 5.00 | % | | 7/1/2028 | | D | (c) | | 270 | | | | 188,325 | |
PR Elec Pwr Auth(d) | | | | | | 5.25 | % | | 7/1/2028 | | D | (c) | | 880 | | | | 616,000 | |
PR Elec Pwr Auth (AGC) | | | 4.25 | % | | 7/1/2027 | | AA | | | 280 | | | | 280,104 | |
Prichard Wtr & Swr | | | | | | 4.00 | % | | 11/1/2044 | | BBB+ | | | 1,530 | | | | 1,672,902 | |
Prichard Wtr & Swr | | | | | | 4.00 | % | | 11/1/2049 | | BBB+ | | | 3,890 | | | | 4,227,224 | |
Salt Verde Fin Corp - Citi | | | 5.00 | % | | 12/1/2032 | | A3 | | | 5,125 | | | | 6,545,547 | |
Salt Verde Fin Corp - Citi | | | 5.00 | % | | 12/1/2037 | | A3 | | | 14,955 | | | | 19,857,997 | |
Salt Verde Fin Corp - Citi | | | 5.25 | % | | 12/1/2027 | | A3 | | | 3,750 | | | | 4,635,375 | |
Southern CA Pub Pwr Auth - Goldman Sachs | | 1.93% (3 Mo. LIBOR * .67 + 1.47 | %)# | | 11/1/2038 | | A3 | | | 3,090 | | | | 2,770,278 | (e) |
Southern CA Pub Pwr Auth - Goldman Sachs | | | 5.00 | % | | 11/1/2033 | | A3 | | | 1,815 | | | | 2,343,637 | |
TEAC - Goldman Sachs | | | | | | 5.625 | % | | 9/1/2026 | | BBB | (c) | | 10,550 | | | | 12,694,393 | |
Texas Water Dev Brd | | | | | | 4.00 | % | | 10/15/2037 | | AAA | | | 7,760 | | | | 9,303,930 | |
Transbay Pwr Auth | | | | | | 5.00 | % | | 10/1/2045 | | A- | (c) | | 1,000 | | | | 1,223,550 | |
Transbay Pwr Auth | | | | | | 5.00 | % | | 10/1/2049 | | A- | (c) | | 1,100 | | | | 1,340,845 | |
Trimble Env Facs - Louisville Gas & Elec | | | 3.75 | % | | 6/1/2033 | | A1 | | | 12,500 | | | | 13,795,375 | |
TX Muni Gas Acq & Supply - Macquarie | | | 5.00 | % | | 12/15/2025 | | A3 | | | 950 | | | | 1,023,549 | |
TX Muni Gas Acq & Supply - Macquarie | | | 5.00 | % | | 12/15/2028 | | A3 | | | 4,445 | | | | 4,758,417 | |
TX Muni Gas Acq & Supply - Macquarie | | | 5.00 | % | | 12/15/2029 | | A3 | | | 9,965 | | | | 10,642,221 | |
Total | | | | | | | | | | | | | | | | | | 416,826,763 | |
Total Municipal Bonds (cost $3,304,666,355) | | | | | | | | | | | | 3,464,062,779 | |
| | | | | | | | | | | | | | | | | | | |
| | Interest Rate# | | | Interest Rate Reset Date(f) | | | Final Maturity Date | | | | | | | | | | |
SHORT-TERM INVESTMENTS 0.48% |
|
Variable Rate Demand Notes 0.48% |
|
General Obligation 0.09% |
|
NYC GO | | | 0.05 | % | | 7/1/2020 | | | 12/1/2047 | | Aa1 | | | 3,245 | | | | 3,245,000 | |
| | | | | | | | | | | | | | | | | | | |
Health Care 0.06% | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
NYC Muni Water | | | 0.07 | % | | 7/1/2020 | | | 6/15/2045 | | AAA | | | 2,000 | | | | 2,000,000 | |
| | | | | | | | | | | | | | | | | | | |
Housing 0.08% | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
IN Hsg & Cmnty Dev - SF Mtge Rev (GNMA) | | | 0.29 | % | | 7/1/2020 | | | 7/1/2047 | | Aaa | | | 3,000 | | | | 3,000,000 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Investments | | Interest Rate# | | | Interest Rate Reset Date(f) | | | Final Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Tax Revenue 0.07% | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
NYC TFA - Future Tax | | | 0.03 | % | | 7/1/2020 | | | 2/1/2045 | | AAA | | $ | 2,500 | | | $ | 2,500,000 | |
| | | | | | | | | | | | | | | | | | | |
Utilities 0.18% | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
Appling Co Dev - GA Power | | | 0.14 | % | | 7/1/2020 | | | 9/1/2041 | | A- | | | 6,200 | | | | 6,200,000 | |
Total Short-Term Investments (cost $16,945,000) | | | | | | | | | 16,945,000 | |
Total Investments in Securities 98.95% (cost $3,321,611,355) | | | | | | | | | 3,481,007,779 | |
Cash and Other Assets in Excess of Liabilities(g) 1.05% | | | | | | | | | 36,929,180 | |
Net Assets 100.00% | | | | | | | | | | | | | | | | | $ | 3,517,936,959 | |
AGC | Insured by - Assured Guarantee Corporation. |
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. |
FNMA | Federal National Mortgage Association. |
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 June 30, 2020, the total value of Rule 144A securities was $109,396,902, which represents 3.11% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at June 30, 2020. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon until designated future date. |
(b) | Securities purchased on a when-issued basis. |
(c) | This investment has been rated by Fitch IBCA. |
(d) | Defaulted (non-income producing security). |
(e) | 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. |
(f) | 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. |
(g) | Cash and Other Assets in Excess of Liabilities include net unrealized depreciation on futures contracts, as follows: |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NATIONAL TAX FREE FUND June 30, 2020
Open Futures Contracts at June 30, 2020:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Depreciation | |
U.S. Long Bond | | September 2020 | | 187 | | Short | | $ | (33,174,404 | ) | | $ | (33,391,187 | ) | | $ | (216,783 | ) |
The following is a summary of the inputs used as of June 30, 2020 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 | | $ | — | | | $ | 265,999,755 | | | $ | 4,833,658 | | | $ | 270,833,413 | |
General Obligation | | | — | | | | 428,572,199 | | | | 246,050 | | | | 428,818,249 | |
Health Care | | | — | | | | 565,355,920 | | | | 2,665,443 | | | | 568,021,363 | |
Lease Obligations | | | — | | | | 215,768,563 | | | | 247,520 | | | | 216,016,083 | |
Other Revenue | | | — | | | | 149,941,910 | | | | 8,900,010 | | | | 158,841,920 | |
Special Tax | | | — | | | | 65,378,692 | | | | 550,000 | | | | 65,928,692 | |
Utilities | | | — | | | | 411,526,485 | | | | 5,300,278 | | | | 416,826,763 | |
Remaining Industries | | | — | | | | 1,338,776,296 | | | | — | | | | 1,338,776,296 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes | | | — | | | | 16,945,000 | | | | — | | | | 16,945,000 | |
Total | | $ | — | | | $ | 3,458,264,820 | | | $ | 22,742,959 | | | $ | 3,481,007,779 | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Liabilities | | | (216,783 | ) | | | — | | | | — | | | | (216,783 | ) |
Total | | $ | (216,783 | ) | | $ | — | | | $ | — | | | $ | (216,783 | ) |
(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) | | | 55,868 | |
Realized Gain (Loss) | | | — | |
Change in Unrealized Appreciation (Depreciation) | | | (1,095,521 | ) |
Purchases | | | — | |
Sales | | | — | |
Transfers into Level 3 | | | 19,882,242 | |
Transfers out of Level 3 | | | (1,788,503 | ) |
Balance as of June 30, 2020 | | $ | 22,742,959 | |
Change in unrealized appreciation/depreciation for the period ended June 30, 2020, related to Level 3 investments held at June 30, 2020 | | $ | (1,095,521 | ) |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
MUNICIPAL BONDS 98.97% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Corporate-Backed 15.79% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Allegheny Co IDA - US Steel | | 5.125 | % | 5/1/2030 | | B- | | $ | 6,500 | | | $ | 5,720,390 | |
Allegheny Co IDA - US Steel | | 6.55 | % | 12/1/2027 | | B- | | | 1,115 | | | | 1,063,788 | |
AR DFA - Big River Steel AMT† | | 4.50 | % | 9/1/2049 | | B | | | 40,000 | | | | 39,933,200 | |
Beauregard Parish - Office Max | | 6.80 | % | 2/1/2027 | | B1 | | | 5,000 | | | | 4,999,950 | |
Brooklyn Arena LDC - Barclays Ctr | | Zero Coupon | | 7/15/2044 | | Ba1 | | | 2,000 | | | | 594,720 | |
Build NYC Res Corp - Pratt Paper AMT† | | 5.00 | % | 1/1/2035 | | NR | | | 1,450 | | | | 1,519,658 | |
Downtown Doral CDD† | | 4.75 | % | 12/15/2038 | | NR | | | 625 | | | | 675,388 | |
Downtown Doral CDD† | | 5.00 | % | 12/15/2048 | | NR | | | 1,500 | | | | 1,615,965 | |
Fort Bend IDC - NRG Energy | | 4.75 | % | 11/1/2042 | | Baa2 | | | 3,590 | | | | 3,650,707 | |
Greater Orlando Aviation - Jet Blue AMT | | 5.00 | % | 11/15/2036 | | NR | | | 2,000 | | | | 2,014,800 | |
Hoover IDA - US Steel AMT | | 5.75 | % | 10/1/2049 | | B- | | | 17,200 | | | | 14,811,608 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/15/2028 | | BB- | | | 3,000 | | | | 3,111,810 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/1/2029 | | BB- | | | 13,025 | | | | 13,362,868 | |
IA Fin Auth - Alcoa | | 4.75 | % | 8/1/2042 | | BBB- | | | 10,125 | | | | 10,248,626 | |
IA Fin Auth - Iowa Fertilizer Co | | 5.25 | % | 12/1/2025 | | BB- | | | 30,910 | | | | 32,280,858 | |
IN Fin Auth - OH River Brdgs AMT | | 5.25 | % | 1/1/2051 | | BBB+ | | | 1,705 | | | | 1,816,337 | |
IN Fin Auth - OVEC(a) | | 3.00 | % | 11/1/2030 | | BBB- | (b) | | 1,000 | | | | 1,029,030 | |
IN Fin Auth - OVEC(a) | | 3.00 | % | 11/1/2030 | | BBB- | (b) | | 1,250 | | | | 1,286,288 | |
IN Fin Auth - OVEC(a) | | 3.00 | % | 11/1/2030 | | BBB- | (b) | | 1,250 | | | | 1,286,288 | |
LA St John Parish - Marathon Oil | | 2.20 | %#(c) | 6/1/2037 | | BBB- | | | 1,000 | | | | 959,580 | |
Love Field Arpt - Southwest Airlines | | 5.25 | % | 11/1/2040 | | Baa1 | | | 3,300 | | | | 3,318,876 | |
MD EDC - Chesapeake Bay Hyatt(d) | | 5.00 | % | 12/1/2016 | | NR | | | 3,430 | | | | 2,058,000 | (e) |
Mission Econ Dev Corp - Natgasoline AMT† | | 4.625 | % | 10/1/2031 | | BB- | | | 5,000 | | | | 5,252,700 | |
NH National Fin Auth - Covanta AMT† | | 4.00 | % | 11/1/2027 | | B1 | | | 1,250 | | | | 1,266,213 | |
NH National Fin Auth - Covanta AMT† | | 4.875 | % | 11/1/2042 | | B1 | | | 12,000 | | | | 12,168,480 | |
NH National Fin Auth - Hsg Sec | | 4.125 | % | 1/20/2034 | | NR | | | 4,973 | | | | 5,339,141 | |
Niagara Area Dev Corp - Covanta† | | 3.50 | % | 11/1/2024 | | B1 | | | 2,500 | | | | 2,507,775 | |
Niagara Area Dev Corp - Covanta AMT† | | 4.75 | % | 11/1/2042 | | B1 | | | 10,500 | | | | 10,610,985 | |
NJ EDA - Continental Airlines AMT | | 5.125 | % | 9/15/2023 | | BB- | | | 13,225 | | | | 13,416,895 | |
NJ EDA - Continental Airlines AMT | | 5.25 | % | 9/15/2029 | | BB- | | | 5,960 | | | | 6,078,187 | |
NJ EDA - Continental Airlines AMT | | 5.50 | % | 4/1/2028 | | BB- | | | 5,965 | | | | 5,844,805 | |
NJ EDA - Continental Airlines AMT | | 5.50 | % | 6/1/2033 | | BB- | | | 6,760 | | | | 6,880,260 | |
NJ EDA - Continental Airlines AMT | | 5.625 | % | 11/15/2030 | | BB- | | | 2,600 | | | | 2,681,588 | |
NY Env Facs - Casella Waste AMT† | | 3.125 | %#(c) | 12/1/2044 | | B | | | 2,000 | | | | 1,990,880 | |
NY Liberty Dev Corp - 3 WTC† | | 5.00 | % | 11/15/2044 | | NR | | | 31,975 | | | | 33,191,649 | |
NY Liberty Dev Corp - 3 WTC† | | 5.15 | % | 11/15/2034 | | NR | | | 3,475 | | | | 3,619,456 | |
NY Trans Dev Corp - American Airlines AMT | | 5.00 | % | 8/1/2026 | | B- | | | 3,100 | | | | 3,110,199 | |
NY Trans Dev Corp - American Airlines AMT | | 5.00 | % | 8/1/2031 | | B- | | | 31,480 | | | | 31,534,460 | |
NY Trans Dev Corp - American Airlines AMT | | 5.25 | % | 8/1/2031 | | B- | | | 7,300 | | | | 7,547,981 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Corporate-Backed (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
NY Trans Dev Corp - American Airlines AMT | | 5.375 | % | 8/1/2036 | | B- | | $ | 4,000 | | | $ | 4,139,880 | |
NYC IDA - TRIPS AMT | | 5.00 | % | 7/1/2028 | | BBB+ | | | 6,135 | | | | 6,487,701 | |
OH Air Dev Auth - AEP | | 2.40 | %#(c) | 12/1/2038 | | BBB+ | | | 1,670 | | | | 1,697,254 | |
OH Air Dev Auth - OVEC | | 3.25 | % | 9/1/2029 | | Ba1 | | | 8,500 | | | | 8,753,640 | |
OH Air Quality - AMG Vanadium AMT† | | 5.00 | % | 7/1/2049 | | B | | | 34,290 | | | | 34,586,608 | |
OH Air Quality - Pratt Paper AMT† | | 4.25 | % | 1/15/2038 | | NR | | | 1,250 | | | | 1,295,950 | |
OH Air Quality - Pratt Paper AMT† | | 4.50 | % | 1/15/2048 | | NR | | | 6,510 | | | | 6,746,573 | |
PA EDA - Covanta AMT† | | 3.25 | % | 8/1/2039 | | B1 | | | 6,980 | | | | 6,157,407 | |
PA EDA - National Gypsum AMT | | 5.50 | % | 11/1/2044 | | NR | | | 1,000 | | | | 1,022,300 | |
PA EDA - US Airways | | 8.00 | % | 5/1/2029 | | B- | | | 2,460 | | | | 2,466,101 | (e) |
Parish of St James - Nustar Logistics† | | 5.85 | %#(c) | 8/1/2041 | | BB- | | | 1,000 | | | | 1,085,000 | |
Parish of St James - Nustar Logistics† | | 6.10 | %#(c) | 12/1/2040 | | BB- | | | 1,250 | | | | 1,459,700 | |
Parish of St James - Nustar Logistics† | | 6.35 | % | 7/1/2040 | | BB- | | | 5,000 | | | | 5,873,050 | |
Parish of St James - Nustar Logistics† | | 6.35 | % | 10/1/2040 | | BB- | | | 2,500 | | | | 2,936,525 | |
Port Beaumont Nav Dis - Jefferson Rail AMT† | | 3.625 | % | 1/1/2035 | | NR | | | 5,765 | | | | 5,640,764 | |
Port Beaumont Nav Dis - Jefferson Rail AMT† | | 4.00 | % | 1/1/2050 | | NR | | | 16,090 | | | | 15,443,343 | |
Rumford Solid Waste - Office Max AMT | | 6.875 | % | 10/1/2026 | | B1 | | | 1,500 | | | | 1,500,105 | |
Tuscaloosa IDA - Hunt Refining† | | 5.25 | % | 5/1/2044 | | NR | | | 38,665 | | | | 42,319,229 | |
VA Small Bus Fing - Covanta AMT† | | 5.00 | %#(c) | 1/1/2048 | | B- | | | 3,150 | | | | 3,220,276 | |
Valparaiso Facs - Pratt Paper AMT | | 5.875 | % | 1/1/2024 | | NR | | | 740 | | | | 762,977 | |
Valparaiso Facs - Pratt Paper AMT | | 7.00 | % | 1/1/2044 | | NR | | | 4,000 | | | | 4,281,520 | |
West Pace Coop Dist(d) | | 9.125 | % | 5/1/2039 | | NR | | | 13,770 | | | | 7,986,600 | (e) |
WI PFA - American Dream† | | 6.75 | % | 12/1/2042 | | NR | | | 1,000 | | | | 877,140 | |
WI PFA - Celanese AMT | | 5.00 | % | 1/1/2024 | | BBB- | | | 6,750 | | | | 7,397,190 | |
WI PFA - Celanese AMT | | 4.30 | % | 11/1/2030 | | BBB- | | | 4,215 | | | | 4,543,391 | |
WI PFA - Celanese AMT | | 5.00 | % | 12/1/2025 | | BBB- | | | 1,950 | | | | 2,214,401 | |
WI PFA - TRIPS AMT | | 5.00 | % | 7/1/2042 | | BBB+ | | | 8,000 | | | | 8,254,320 | |
Total | | | | | | | | | | | | | 489,549,334 | |
| | | | | | | | | | | | | | |
Education 6.20% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
AZ IDA - Academy of Math & Science† | | 5.625 | % | 7/1/2048 | | BB | | | 2,235 | | | | 2,372,698 | |
AZ IDA - Academy of Math & Science† | | 5.75 | % | 7/1/2053 | | BB | | | 3,000 | | | | 3,197,070 | |
AZ IDA - American Charter Sch† | | 5.00 | % | 7/1/2022 | | BB+ | | | 1,280 | | | | 1,296,998 | |
AZ IDA - Equitable School Fund | | 4.00 | % | 11/1/2049 | | A | | | 1,345 | | | | 1,413,945 | |
AZ IDA - Odyssey Prep† | | 5.00 | % | 7/1/2049 | | BB- | | | 2,000 | | | | 2,092,440 | |
AZ IDA - Odyssey Prep† | | 5.00 | % | 7/1/2054 | | BB- | | | 5,000 | | | | 5,214,800 | |
CA Muni Fin - Julian Chtr Sch† | | 5.625 | % | 3/1/2045 | | B+ | | | 11,500 | | | | 11,451,930 | |
CA Muni Fin - William Jessup U | | 5.00 | % | 8/1/2039 | | NR | | | 2,000 | | | | 2,076,820 | |
CA Muni Fin - William Jessup U | | 5.00 | % | 8/1/2048 | | NR | | | 8,075 | | | | 8,231,736 | |
Cap Trust Ed - Advantage Charter Scho | | 5.00 | % | 12/15/2049 | | Baa3 | | | 1,000 | | | | 1,065,400 | |
Cap Trust Ed - Advantage Charter Scho | | 5.00 | % | 12/15/2054 | | Baa3 | | | 705 | | | | 747,497 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Education (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Cap Trust Ed - Renaissance Charter† | | 5.00 | % | 6/15/2039 | | NR | | $ | 1,950 | | | $ | 2,037,633 | |
Cap Trust Ed - Renaissance Charter† | | 5.00 | % | 6/15/2049 | | NR | | | 9,815 | | | | 10,134,773 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2044 | | BB- | | | 1,000 | | | | 1,048,810 | |
Clifton Higher Ed - Intl Ldrshp Sch | | 5.75 | % | 8/15/2045 | | NR | | | 6,500 | | | | 7,078,045 | |
Columbus-Franklin Co - Ohio Dominican U | | 6.50 | % | 3/1/2048 | | NR | | | 7,000 | | | | 6,919,500 | |
Columbus-Franklin Co - Ohio Dominican U | | 6.50 | % | 3/1/2053 | | NR | | | 3,000 | | | | 2,943,900 | |
CT Hlth & Ed - Connecticut State Univ | | 3.00 | % | 11/1/2035 | | A1 | | | 3,100 | | | | 3,264,920 | |
CT Hlth & Ed - Univ of Hartford | | 4.00 | % | 7/1/2044 | | BBB- | | | 3,605 | | | | 3,611,958 | |
CT Hlth & Ed - Univ of Hartford | | 4.00 | % | 7/1/2049 | | BBB- | | | 1,750 | | | | 1,739,500 | |
Dutchess Co LDC - Anderson Ctr | | 6.00 | % | 10/1/2030 | | BB+ | | | 1,340 | | | | 1,345,454 | |
Farmville IDA - Longwood Univ Hsg | | 5.00 | % | 1/1/2050 | | BBB- | | | 1,000 | | | | 1,072,020 | |
Farmville IDA - Longwood Univ Hsg | | 5.00 | % | 1/1/2059 | | BBB- | | | 2,000 | | | | 2,096,220 | |
FL HI Ed - Jacksonville Univ† | | 5.00 | % | 6/1/2048 | | NR | | | 6,400 | | | | 6,085,824 | |
FL HI Ed - Jacksonville Univ† | | 5.00 | % | 6/1/2053 | | NR | | | 6,500 | | | | 6,111,040 | |
FL Hi Ed - Saint Leo Univ | | 5.00 | % | 3/1/2039 | | BBB- | | | 2,250 | | | | 2,444,850 | |
FL Hi Ed - Saint Leo Univ | | 5.00 | % | 3/1/2049 | | BBB- | | | 4,480 | | | | 4,774,874 | |
Frederick Co Ed - Mount St Mary’s Univ† | | 5.00 | % | 9/1/2037 | | BB+ | | | 1,500 | | | | 1,573,500 | |
Frederick Co Ed - Mount St Mary’s Univ† | | 5.00 | % | 9/1/2045 | | BB+ | | | 12,645 | | | | 13,062,917 | |
Glenville Clg | | 5.25 | % | 6/1/2047 | | NR | | | 3,550 | | | | 3,406,686 | |
IL Fin Auth - IL Inst of Tech | | 4.00 | % | 9/1/2041 | | Baa3 | | | 4,890 | | | | 4,949,756 | |
IL Fin Auth - IL Inst of Tech | | 5.00 | % | 9/1/2038 | | Baa3 | | | 2,975 | | | | 3,305,879 | |
IL Fin Auth - IL Inst of Tech | | 5.00 | % | 9/1/2040 | | Baa3 | | | 1,750 | | | | 1,934,468 | |
Marietta Dev Auth - Life Univ† | | 5.00 | % | 11/1/2037 | | Ba3 | | | 9,000 | | | | 9,243,810 | |
Marietta Dev Auth - Life Univ† | | 5.00 | % | 11/1/2047 | | Ba3 | | | 8,000 | | | | 8,067,840 | |
Nashville Hlth & Ed - Lipscomb U | | 5.25 | % | 10/1/2058 | | BBB | | | 7,400 | | | | 8,089,458 | |
NV Dept of Bus & Ind - Somerset† | | 5.00 | % | 12/15/2048 | | BB | | | 1,500 | | | | 1,490,940 | |
NY Dorm - Touro Clg | | 5.25 | % | 1/1/2034 | | BBB- | (b) | | 2,955 | | | | 3,136,998 | |
OK DFA - Oklahoma City Univ | | 5.00 | % | 8/1/2049 | | BBB- | | | 6,000 | | | | 6,593,520 | |
Phoenix IDA - Basis Schs† | | 5.00 | % | 7/1/2045 | | BB | | | 2,500 | | | | 2,590,450 | |
Phoenix IDA - Basis Schs† | | 5.00 | % | 7/1/2047 | | BB | | | 1,325 | | | | 1,387,871 | |
Phoenix IDA - Basis Schs† | | 5.00 | % | 7/1/2051 | | BB | | | 3,080 | | | | 3,218,538 | |
Tuscarawas Co Eco Dev - Ashland Univ | | 6.00 | % | 3/1/2045 | | NR | | | 5,000 | | | | 5,210,400 | |
Univ of Illinois (AGM) | | 4.00 | % | 4/1/2037 | | AA | | | 5,745 | | | | 6,369,194 | |
WA Htlh & Ed - Seattle Univ(a) | | 4.00 | % | 5/1/2045 | | A | | | 550 | | | | 606,128 | |
WA Htlh & Ed - Seattle Univ(a) | | 4.00 | % | 5/1/2050 | | A | | | 625 | | | | 682,338 | |
WI PFA - MN Clg of Osteopatic Med†(d) | | 5.50 | % | 12/1/2048 | | NR | | | 82 | | | | 41,082 | (e) |
WI PFA - Wingate Univ | | 5.25 | % | 10/1/2043 | | BBB | | | 2,000 | | | | 2,122,420 | |
WI PFA - Wingate Univ | | 5.25 | % | 10/1/2048 | | BBB | | | 3,000 | | | | 3,167,760 | |
Total | | | | | | | | | | | | | 192,122,608 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Energy 0.21% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Lower AL Gas Dist - Goldman Sachs | | 5.00 | % | 9/1/2034 | | A3 | | $ | 5,000 | | | $ | 6,508,550 | |
| | | | | | | | | | | | | | |
Financial Services 0.20% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
MA Ed Fin Auth AMT | | 4.125 | % | 7/1/2046 | | BBB | | | 5,915 | | | | 6,061,988 | |
| | | | | | | | | | | | | | |
General Obligation 8.56% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Academical Village CCD | | 3.625 | % | 5/1/2040 | | NR | | | 2,320 | | | | 2,232,188 | |
Academical Village CCD | | 4.00 | % | 5/1/2051 | | NR | | | 6,000 | | | | 5,859,300 | |
American Samoa GO | | 6.625 | % | 9/1/2035 | | Ba3 | | | 2,100 | | | | 2,442,804 | |
American Samoa GO† | | 7.125 | % | 9/1/2038 | | Ba3 | | | 6,520 | | | | 8,207,637 | |
Bellwood GO | | 5.875 | % | 12/1/2027 | | A | | | 3,000 | | | | 3,295,710 | |
Bellwood GO | | 6.15 | % | 12/1/2032 | | A | | | 2,770 | | | | 3,031,959 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2029 | | BB- | | | 5,000 | | | | 5,488,750 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2030 | | BB- | | | 5,170 | | | | 5,666,940 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2031 | | BB- | | | 2,500 | | | | 2,727,250 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2031 | | BB- | | | 4,135 | | | | 4,144,056 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2032 | | BB- | | | 2,000 | | | | 2,168,060 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2033 | | BB- | | | 1,500 | | | | 1,619,025 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2034 | | BB- | | | 700 | | | | 753,137 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2035 | | BB- | | | 750 | | | | 803,730 | |
Chicago Brd Ed | | 5.00 | % | 12/1/2042 | | BB- | | | 11,325 | | | | 11,491,477 | |
Chicago Brd Ed | | 5.25 | % | 12/1/2035 | | BB- | | | 7,165 | | | | 7,490,721 | |
Chicago Brd Ed | | 5.25 | % | 12/1/2039 | | BB- | | | 8,375 | | | | 8,697,521 | |
Chicago Brd Ed | | 5.25 | % | 12/1/2041 | | BB- | | | 16,315 | | | | 16,513,390 | |
Chicago Brd Ed | | 6.50 | % | 12/1/2046 | | BB- | | | 5,000 | | | | 5,726,550 | |
Chicago Brd Ed† | | 6.75 | % | 12/1/2030 | | BB- | | | 1,000 | | | | 1,214,130 | |
Chicago Brd Ed | | 7.00 | % | 12/1/2044 | | BB- | | | 2,180 | | | | 2,508,591 | |
Chicago Brd Ed† | | 7.00 | % | 12/1/2046 | | BB- | | | 6,560 | | | | 7,876,789 | |
Chicago GO | | 5.00 | % | 1/1/2029 | | BBB+ | | | 1,750 | | | | 1,936,077 | |
Chicago GO | | 5.00 | % | 1/1/2031 | | BBB+ | | | 1,300 | | | | 1,447,511 | |
Chicago GO | | 5.25 | % | 1/1/2028 | | BBB+ | | | 2,630 | | | | 2,777,596 | |
Chicago GO | | 5.25 | % | 1/1/2032 | | BBB+ | | | 3,050 | | | | 3,223,240 | |
Chicago GO | | 5.50 | % | 1/1/2033 | | BBB+ | | | 3,305 | | | | 3,561,104 | |
Chicago GO | | 5.50 | % | 1/1/2037 | | BBB+ | | | 1,000 | | | | 1,068,170 | |
Chicago GO | | 5.50 | % | 1/1/2049 | | BBB+ | | | 4,975 | | | | 5,459,266 | |
Chicago GO | | 6.00 | % | 1/1/2038 | | BBB+ | | | 17,835 | | | | 20,163,359 | |
Chicago O’Hare Arpt AMT | | 5.00 | % | 1/1/2052 | | A | | | 5,000 | | | | 5,682,050 | |
Coralville GO | | 4.45 | % | 5/1/2037 | | BB+ | | | 5,000 | | | | 5,008,900 | (e) |
Coralville GO | | 4.50 | % | 6/1/2032 | | BB+ | | | 4,000 | | | | 4,069,280 | (e) |
Eaton Area Pk & Rec Dist | | 5.25 | % | 12/1/2034 | | NR | | | 1,250 | | | | 1,277,188 | |
Eaton Area Pk & Rec Dist | | 5.50 | % | 12/1/2030 | | NR | | | 710 | | | | 735,738 | |
Essex Co Impt Auth - Covanta AMT† | | 5.25 | % | 7/1/2045 | | Ba3 | | | 5,000 | | | | 5,013,850 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
General Obligation (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
IL State GO | | 3.50 | % | 6/1/2029 | | BBB- | | $ | 3,970 | | | $ | 3,811,121 | |
IL State GO | | 4.00 | % | 1/1/2026 | | BBB- | | | 2,790 | | | | 2,802,025 | |
IL State GO | | 4.00 | % | 6/1/2037 | | BBB- | | | 7,040 | | | | 6,907,859 | |
IL State GO | | 4.50 | % | 11/1/2039 | | BBB- | | | 1,100 | | | | 1,114,168 | |
IL State GO | | 5.50 | % | 5/1/2030 | | BBB- | | | 2,545 | | | | 2,905,983 | |
IL State GO | | 5.50 | % | 5/1/2039 | | BBB- | | | 8,250 | | | | 9,297,255 | |
International Center Met Dist | | 5.875 | % | 12/1/2046 | | NR | | | 6,500 | | | | 6,750,705 | |
ME Fin Auth - Casella Waste AMT† | | 4.375 | %#(c) | 8/1/2035 | | B | | | 1,250 | | | | 1,323,750 | |
MI Strategic Fund - I-75 AMT (AGM) | | 4.25 | % | 12/31/2038 | | AA | | | 2,000 | | | | 2,210,000 | |
New Haven GO | | 5.50 | % | 8/1/2033 | | BBB+ | | | 1,000 | | | | 1,181,360 | |
New Haven GO | | 5.50 | % | 8/1/2035 | | BBB+ | | | 660 | | | | 774,655 | |
New Haven GO | | 5.50 | % | 8/1/2037 | | BBB+ | | | 1,280 | | | | 1,492,557 | |
NJ Trans Trust Fund | | Zero Coupon | | 12/15/2029 | | BBB+ | | | 18,730 | | | | 13,542,165 | |
PR Comwlth GO(d) | | 4.00 | % | 7/1/2020 | | Ca | | | 1,175 | | | | 743,188 | |
PR Comwlth GO(d) | | 5.00 | % | 7/1/2020 | | Ca | | | 11,695 | | | | 7,601,750 | |
PR Comwlth GO(d) | | 5.00 | % | 7/1/2023 | | Ca | | | 2,710 | | | | 1,907,162 | |
PR Comwlth GO(d) | | 5.00 | % | 7/1/2041 | | Ca | | | 1,440 | | | | 907,200 | |
PR Comwlth GO(d) | | 5.625 | % | 7/1/2032 | | Ca | | | 4,775 | | | | 3,056,000 | |
PR Comwlth GO TCRS (AMBAC) | | 4.50 | % | 7/1/2023 | | Ca | | | 1,775 | | | | 1,777,059 | |
Scranton GO† | | 5.00 | % | 9/1/2028 | | BB+ | | | 500 | | | | 580,845 | (e) |
Scranton GO† | | 5.00 | % | 9/1/2029 | | BB+ | | | 1,000 | | | | 1,156,840 | (e) |
Scranton GO | | 5.00 | % | 11/15/2032 | | BB+ | | | 5,830 | | | | 6,293,660 | |
WI PFA - American Dream† | | 7.00 | % | 12/1/2050 | | NR | | | 18,050 | | | | 15,981,109 | |
Total | | | | | | | | | | | | | 265,501,460 | |
| | | | | | | | | | | | | | |
Health Care 22.35% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Alachua Co Hlth - East Ridge Ret Vlg | | 6.375 | % | 11/15/2049 | | B- | (b) | | 1,375 | | | | 1,085,191 | |
Antelope Valley Hlth | | 5.00 | % | 3/1/2041 | | Ba3 | | | 4,000 | | | | 4,105,040 | |
Antelope Valley Hlth | | 5.00 | % | 3/1/2046 | | Ba3 | | | 3,300 | | | | 3,363,657 | (e) |
Antelope Valley Hlth | | 5.25 | % | 3/1/2036 | | Ba3 | | | 1,000 | | | | 1,040,110 | |
Atlanta Dev Auth - Georgia Proton | | 6.75 | % | 1/1/2035 | | NR | | | 1,500 | | | | 1,247,610 | |
Atlanta Dev Auth - Georgia Proton | | 7.00 | % | 1/1/2040 | | NR | | | 13,000 | | | | 10,813,530 | |
Atlanta Dev Auth - Georgia Proton Ctr | | 6.00 | % | 1/1/2023 | | NR | | | 2,000 | | | | 1,665,860 | |
Berks Co IDA - Tower Hlth | | 5.00 | %#(c) | 2/1/2040 | | BBB+ | | | 3,285 | | | | 3,892,298 | |
Blaine Sr Hsg & Hlthcare - Crest View | | 6.125 | % | 7/1/2050 | | NR | | | 5,000 | | | | 4,215,050 | |
CA Fin AUth - Standord Hlth | | 4.00 | % | 8/15/2050 | | AA- | | | 4,000 | | | | 4,621,120 | |
CA Stwde - Daughters of Charity | | 5.50 | % | 7/1/2039 | | NR | | | 5,350 | | | | 4,445,369 | |
CA Stwde - Daughters of Charity | | 5.75 | % | 7/1/2024 | | NR | | | 1,310 | | | | 1,212,182 | |
CA Stwde - Daughters of Charity | | 5.75 | % | 7/1/2035 | | NR | | | 2,620 | | | | 2,360,279 | |
CA Stwde - Eskaton Pptys | | 5.25 | % | 11/15/2034 | | BBB | | | 1,640 | | | | 1,698,974 | |
CA Stwde - Loma Linda Univ Med Ctr† | | 5.00 | % | 12/1/2041 | | BB- | | | 3,425 | | | | 3,715,372 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
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 | % | 12/1/2044 | | BB- | | $ | 8,805 | | | $ | 9,457,979 | |
CA Stwde - Loma Linda Univ Med Ctr† | | 5.25 | % | 12/1/2056 | | BB- | | | 11,000 | | | | 11,848,100 | |
CA Stwde - Loma Linda Univ Med Ctr | | 5.50 | % | 12/1/2054 | | BB- | | | 12,805 | | | | 13,742,710 | |
CA Stwde - Loma Linda Univ Med Ctr† | | 5.50 | % | 12/1/2058 | | BB- | | | 17,750 | | | | 19,187,395 | |
CA Stwde - Terraces San Joaquin | | 5.625 | % | 10/1/2032 | | A- | (b) | | 1,000 | | | | 1,042,180 | |
CA Stwde - Terraces San Joaquin | | 6.00 | % | 10/1/2042 | | A- | (b) | | 2,570 | | | | 2,685,419 | |
CA Stwde - Terraces San Joaquin | | 6.00 | % | 10/1/2047 | | A- | (b) | | 1,000 | | | | 1,042,720 | |
Chester Co Hlth & Ed - Immaculata Univ | | 5.00 | % | 11/1/2037 | | BB- | (b) | | 4,000 | | | | 3,207,040 | (e) |
Chester Co Hlth & Ed - Immaculata Univ | | 5.00 | % | 11/1/2046 | | BB- | (b) | | 7,100 | | | | 5,273,383 | (e) |
Clackamas Co Hosp - Rose Villa | | 5.375 | % | 11/15/2055 | | NR | | | 1,500 | | | | 1,521,300 | |
Crawford Hsp Auth - Meadville Med | | 6.00 | % | 6/1/2046 | | NR | | | 2,225 | | | | 2,420,422 | |
Crawford Hsp Auth - Meadville Med | | 6.00 | % | 6/1/2051 | | NR | | | 2,600 | | | | 2,818,478 | |
CT Hlth & Ed - Church Home† | | 5.00 | % | 9/1/2046 | | BB | (b) | | 2,500 | | | | 2,460,375 | |
CT Hlth & Ed - Church Home† | | 5.00 | % | 9/1/2053 | | BB | (b) | | 1,500 | | | | 1,457,325 | |
CT Hlth & Ed - Griffin Hosp† | | 5.00 | % | 7/1/2044 | | BB+ | | | 2,820 | | | | 2,997,519 | |
CT Hlth & Ed - Griffin Hosp† | | 5.00 | % | 7/1/2050 | | BB+ | | | 1,800 | | | | 1,899,774 | |
Cuyahoga Co Hsp - Metrohealth | | 5.00 | % | 2/15/2057 | | BBB- | | | 5,750 | | | | 6,290,270 | |
Cuyahoga Co Hsp - Metrohealth | | 5.50 | % | 2/15/2052 | | BBB- | | | 8,175 | | | | 9,231,946 | |
Cuyahoga Co Hsp - Metrohealth | | 5.50 | % | 2/15/2057 | | BBB- | | | 4,900 | | | | 5,476,779 | |
Decatur Hsp - Wise Hlth | | 5.25 | % | 9/1/2044 | | BBB- | | | 5,720 | | | | 6,155,349 | |
Denver Hlth & Hsp Auth | | 5.25 | % | 12/1/2045 | | BBB | | | 3,700 | | | | 3,961,368 | |
Duluth Econ Dev Auth - Essentia Health | | 5.25 | % | 2/15/2058 | | A- | | | 15,500 | | | | 17,902,500 | |
Floyd Co Dev Auth - Spires Berry College | | 6.25 | % | 12/1/2048 | | NR | | | 2,500 | | | | 2,255,725 | |
Floyd Co Dev Auth - Spires Berry College | | 6.50 | % | 12/1/2053 | | NR | | | 3,500 | | | | 3,232,670 | |
Franklin Hlth - Provision Proton†(d) | | 7.50 | % | 6/1/2047 | | NR | | | 7,635 | | | | 6,251,385 | |
Fruita CO Hlth - Canyons Hosp & Med Centr† | | 5.375 | % | 1/1/2033 | | NR | | | 3,400 | | | | 3,798,820 | |
Fruita CO Hlth - Canyons Hosp & Med Centr† | | 5.50 | % | 1/1/2048 | | NR | | | 11,000 | | | | 11,817,190 | |
Fulton Co - Canterbury Court† | | 5.00 | % | 4/1/2047 | | NR | | | 5,000 | | | | 4,745,350 | |
Fulton Co - Canterbury Court† | | 5.00 | % | 4/1/2054 | | NR | | | 5,000 | | | | 4,668,550 | |
Fulton Co Med Ctr | | 5.00 | % | 7/1/2046 | | NR | | | 4,450 | | | | 4,595,960 | (e) |
Fulton Co Med Ctr | | 5.00 | % | 7/1/2051 | | NR | | | 5,000 | | | | 5,158,700 | (e) |
Gainesville & Hall Co Hsp–NE GA Hlth GTD | | 5.50 | % | 8/15/2054 | | AA- | | | 3,600 | | | | 4,211,604 | |
Glendale IDA - Beatitudes | | 5.00 | % | 11/15/2036 | | NR | | | 1,500 | | | | 1,513,710 | |
Glendale IDA - Beatitudes | | 5.00 | % | 11/15/2040 | | NR | | | 4,000 | | | | 4,004,640 | |
Glendale IDA - Beatitudes | | 5.00 | % | 11/15/2045 | | NR | | | 1,400 | | | | 1,374,254 | |
Glendale IDA - Beatitudes | | 5.00 | % | 11/15/2053 | | NR | | | 7,470 | | | | 7,154,243 | |
Guadalupe Co - Seguin City Hsp | | 5.00 | % | 12/1/2040 | | BB | | | 4,880 | | | | 5,137,420 | |
Guadalupe Co - Seguin City Hsp | | 5.00 | % | 12/1/2045 | | BB | | | 910 | | | | 940,248 | |
Hamden - Whitney Center | | 5.00 | % | 1/1/2050 | | NR | | | 5,500 | | | | 4,924,480 | |
Harris Co Cultural Ed - Brazos | | 5.125 | % | 1/1/2048 | | BBB- | (b) | | 1,655 | | | | 1,658,641 | |
Harris Co Cultural Ed - Brazos | | 7.00 | % | 1/1/2043 | | BBB- | (b) | | 3,000 | | | | 3,475,170 | |
Holmes Co Hsp - Doctors Mem Hsp | | 5.75 | % | 11/1/2026 | | NR | | | 3,760 | | | | 3,617,421 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Holmes Co Hsp - Doctors Mem Hsp | | 6.00 | % | 11/1/2038 | | NR | | $ | 7,115 | | | $ | 6,931,148 | |
Howard Co Retmt Cmnty - Vantage House | | 5.00 | % | 4/1/2044 | | NR | | | 2,955 | | | | 2,820,429 | |
Howard Co Retmt Cmnty - Vantage House | | 5.00 | % | 4/1/2046 | | NR | | | 7,000 | | | | 6,631,030 | |
IA Fin Auth - Iowa Fertilizer Co | | 5.25 | %#(c) | 12/1/2050 | | BB- | | | 12,720 | | | | 13,274,465 | |
IL Fin Auth - Landing / Plymouth Place | | 6.00 | % | 5/15/2043 | | BB+ | (b) | | 2,165 | | | | 2,271,475 | |
IL Fin Auth - Lutheran Life | | 5.00 | % | 11/1/2049 | | NR | | | 5,500 | | | | 5,263,280 | |
King Co Pub Hsp - Snoqualmie Vly Hsp | | 6.25 | % | 12/1/2045 | | NR | | | 3,500 | | | | 3,800,965 | |
Kirkwood IDA - Aberdeen Hts | | 5.25 | % | 5/15/2042 | | BB | (b) | | 1,750 | | | | 1,688,155 | |
Kirkwood IDA - Aberdeen Hts | | 5.25 | % | 5/15/2050 | | BB | (b) | | 5,250 | | | | 4,919,618 | |
KY EDFA - Masonic Homes | | 5.375 | % | 11/15/2032 | | NR | | | 3,000 | | | | 3,009,390 | |
LA Env Facs - St James Place | | 6.25 | % | 11/15/2045 | | NR | | | 6,100 | | | | 6,272,691 | |
Licking Co Hlth - Kendal Granville | | 6.00 | % | 7/1/2050 | | NR | | | 6,000 | | | | 4,395,540 | |
Lucas Co Hsp - ProMedica Hlth | | 5.25 | % | 11/15/2048 | | BBB | | | 8,650 | | | | 9,643,885 | |
MA DFA - Atrius Hlth | | 4.00 | % | 6/1/2049 | | BBB | | | 5,885 | | | | 6,088,503 | |
Magnolia West CDD | | 5.35 | % | 5/1/2037 | | NR | | | 245 | | | | 246,855 | |
Marion Co - United Church Homes | | 5.125 | % | 12/1/2049 | | NR | | | 3,000 | | | | 2,961,690 | |
Martin Hsp Dist | | 7.25 | % | 4/1/2036 | | BBB | (b) | | 3,450 | | | | 3,543,426 | |
MD Hlth & HI Ed - Doctors | | 5.00 | % | 7/1/2038 | | Baa3 | | | 7,275 | | | | 8,031,745 | |
ME Hlth & HI Ed - Mainegeneral Hlth | | 6.00 | % | 7/1/2026 | | Ba3 | | | 225 | | | | 231,946 | |
ME Hlth & HI Ed - Mainegeneral Hlth | | 6.75 | % | 7/1/2036 | | Ba3 | | | 245 | | | | 252,497 | |
Mesquite Hlth - Christian Care Ctrs | | 5.00 | % | 2/15/2026 | | BB- | (b) | | 2,125 | | | | 2,001,559 | |
Mesquite Hlth - Christian Care Ctrs | | 5.00 | % | 2/15/2030 | | BB- | (b) | | 905 | | | | 811,957 | |
Mesquite Hlth - Christian Care Ctrs | | 5.00 | % | 2/15/2035 | | BB- | (b) | | 2,600 | | | | 2,209,090 | |
Mesquite Hlth - Christian Care Ctrs | | 5.00 | % | 2/15/2036 | | BB- | (b) | | 1,250 | | | | 1,050,325 | |
Mesquite Hlth - Christian Care Ctrs | | 5.125 | % | 2/15/2042 | | BB- | (b) | | 3,955 | | | | 3,179,543 | |
MI Fin Auth - Henry Ford Hlth | | 4.00 | % | 11/15/2050 | | A | | | 3,630 | | | | 3,986,793 | |
Montgomery Co IDA - Einstein Hlthcare | | 5.25 | % | 1/15/2045 | | Ba1 | | | 5,000 | | | | 5,289,250 | |
Moon IDC - Baptist Homes | | 6.00 | % | 7/1/2045 | | NR | | | 9,250 | | | | 9,409,377 | |
Muskingum Co Hsp - Genesis Hlthcare | | 5.00 | % | 2/15/2033 | | BB+ | | | 2,765 | | | | 2,881,489 | |
Muskingum Co Hsp - Genesis Hlthcare | | 5.00 | % | 2/15/2044 | | BB+ | | | 10,690 | | | | 10,949,981 | |
Muskingum Co Hsp - Genesis Hlthcare | | 5.00 | % | 2/15/2048 | | BB+ | | | 7,000 | | | | 7,138,810 | |
New Hope Cult Ed - Carillon | | 5.00 | % | 7/1/2036 | | NR | | | 3,600 | | | | 3,344,940 | |
NH Hlth & Ed - Dartmouth Hitchcock | | 5.00 | % | 8/1/2059 | | A | | | 9,575 | | | | 13,786,564 | |
NJ EDA - Bancroft Neuro | | 5.00 | % | 6/1/2036 | | NR | | | 1,500 | | | | 1,608,450 | |
NM Hsp - Gerald Champion | | 5.50 | % | 7/1/2042 | | A- | | | 5,625 | | | | 5,969,700 | |
NM Hsp - Haverland | | 5.00 | % | 7/1/2049 | | BBB- | (b) | | 3,375 | | | | 3,354,548 | |
Norfolk Redev & Hsg - Harbor’s Edge | | 5.00 | % | 1/1/2049 | | NR | | | 2,500 | | | | 2,521,775 | |
Norfolk Redev & Hsg - Harbor’s Edge | | 5.25 | % | 1/1/2054 | | NR | | | 3,300 | | | | 3,369,663 | |
Oconee Co IDA - Presby Village | | 6.25 | % | 12/1/2048 | | NR | | | 2,000 | | | | 1,836,540 | |
Oconee Co IDA - Presby Village | | 6.375 | % | 12/1/2053 | | NR | | | 3,000 | | | | 2,737,350 | |
OK DFA - OU Med | | 5.50 | % | 8/15/2052 | | Baa3 | | | 6,450 | | | | 7,501,479 | |
OK DFA - OU Med | | 5.50 | % | 8/15/2057 | | Baa3 | | | 6,130 | | | | 7,087,199 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
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 | % | 4/1/2039 | | BB | | $ | 2,060 | | | $ | 2,206,095 | |
Oroville - Oroville Hsp | | 5.25 | % | 4/1/2049 | | BB | | | 2,550 | | | | 2,682,932 | |
Oroville - Oroville Hsp | | 5.25 | % | 4/1/2054 | | BB | | | 12,545 | | | | 13,098,611 | |
PA Hosp Auth - Doylestown | | 4.00 | % | 7/1/2045 | | BBB- | | | 4,375 | | | | 4,591,300 | |
PA Hosp Auth - Doylestown | | 5.00 | % | 7/1/2049 | | BBB- | | | 2,375 | | | | 2,629,505 | |
Palm Beach Co Hlth - Lifespace | | 5.00 | % | 5/15/2053 | | BBB | (b) | | 7,125 | | | | 7,135,117 | |
Philadelphia Hsps - Temple Univ Hlth | | 5.625 | % | 7/1/2036 | | BBB- | | | 6,250 | | | | 6,572,125 | |
Philadelphia Hsps - Temple Univ Hlth | | 5.625 | % | 7/1/2042 | | BBB- | | | 9,375 | | | | 9,801,937 | |
Philadelphia IDA - Gtr Philadelphia Hlth | | 6.50 | % | 6/1/2045 | | NR | | | 2,485 | | | | 2,330,955 | (e) |
Philadelphia IDA - Gtr Philadelphia Hlth | | 6.625 | % | 6/1/2050 | | NR | | | 3,415 | | | | 3,222,633 | (e) |
Philadelphia IDA - Wesley | | 5.00 | % | 7/1/2037 | | BB | (b) | | 2,500 | | | | 2,408,525 | |
Philadelphia IDA - Wesley | | 5.00 | % | 7/1/2042 | | BB | (b) | | 4,355 | | | | 4,068,572 | |
Philadelphia IDA - Wesley | | 5.00 | % | 7/1/2049 | | BB | (b) | | 250 | | | | 227,285 | |
Red River Hlth - Methodist Ret Cmnty | | 7.75 | % | 11/15/2044 | | NR | | | 1,500 | | | | 1,595,295 | |
Red River Hlth - Methodist Ret Cmnty | | 8.00 | % | 11/15/2049 | | NR | | | 1,000 | | | | 1,070,230 | |
RI Hlth & Ed - Care New England | | 5.00 | % | 9/1/2036 | | BB- | | | 7,000 | | | | 7,108,570 | |
Roanoke Co EDA - Richfield Living II | | 5.00 | % | 9/1/2040 | | NR | | | 1,645 | | | | 1,594,104 | |
Salem Hsp Fac - Capital Manor | | 5.625 | % | 5/15/2032 | | BBB | (b) | | 1,000 | | | | 1,049,200 | |
Salem Hsp Fac - Capital Manor | | 6.00 | % | 5/15/2047 | | BBB | (b) | | 1,600 | | | | 1,669,920 | |
San Buenaventura - Cmnty Mem Hlth | | 8.00 | % | 12/1/2026 | | BB | | | 10,000 | | | | 10,800,900 | |
SC EDA - Bishop Gadsden | | 4.00 | % | 4/1/2049 | | BBB- | (b) | | 620 | | | | 571,181 | |
SC EDA - Bishop Gadsden | | 4.00 | % | 4/1/2054 | | BBB- | (b) | | 1,165 | | | | 1,056,830 | |
SC EDA - Bishop Gadsden | | 5.00 | % | 4/1/2044 | | BBB- | (b) | | 640 | | | | 680,973 | |
SC EDA - Bishop Gadsden | | 5.00 | % | 4/1/2049 | | BBB- | (b) | | 1,515 | | | | 1,604,006 | |
SC EDA - Bishop Gadsden | | 5.00 | % | 4/1/2054 | | BBB- | (b) | | 3,000 | | | | 3,165,000 | |
SC Jobs EDA - Hampton Regl Med | | 5.00 | % | 11/1/2042 | | NR | | | 3,815 | | | | 4,266,315 | |
SC Jobs EDA - Hampton Regl Med | | 5.00 | % | 11/1/2046 | | NR | | | 6,070 | | | | 6,702,373 | |
SE Port Auth - Memorial Hlth | | 5.50 | % | 12/1/2043 | | BB- | (b) | | 5,025 | | | | 5,227,306 | |
SE Port Auth - Memorial Hlth | | 6.00 | % | 12/1/2042 | | BB- | (b) | | 1,660 | | | | 1,725,421 | |
Seminole Co - Legacy Pointe | | 5.50 | % | 11/15/2049 | | NR | | | 8,000 | | | | 7,003,680 | |
Seminole Co - Legacy Pointe | | 5.75 | % | 11/15/2054 | | NR | | | 4,000 | | | | 3,539,800 | |
Shelby Co - Farms at Bailey Station | | 5.75 | % | 10/1/2059 | | NR | | | 22,000 | | | | 19,112,940 | |
Tampa Hlth & Ed - Moffit Cancer | | 4.00 | % | 7/1/2045 | | A2 | | | 1,600 | | | | 1,769,536 | |
Tampa Hlth & Ed - Moffit Cancer | | 5.00 | % | 7/1/2050 | | A2 | | | 5,250 | | | | 6,367,357 | |
Tarrant Co Cultural - Buckingham(d) | | 5.50 | % | 11/15/2045 | | NR | | | 3,650 | | | | 2,372,500 | |
Tulsa Co Industrial Auth - Montereau | | 5.25 | % | 11/15/2045 | | BBB- | (b) | | 2,750 | | | | 2,824,168 | |
Upper San Juan Hlth Dist | | 6.00 | % | 6/1/2041 | | NR | | | 2,225 | | | | 2,414,637 | (e) |
Upper San Juan Hlth Dist | | 6.125 | % | 6/1/2046 | | NR | | | 3,015 | | | | 3,260,089 | (e) |
Vigo CO Hsp - Union Hsp | | 8.00 | % | 9/1/2041 | | NR | | | 2,955 | | | | 3,212,587 | |
WA HFC - Mirabella† | | 6.50 | % | 10/1/2032 | | NR | | | 1,965 | | | | 2,001,647 | |
WA HFC - Mirabella† | | 6.75 | % | 10/1/2047 | | NR | | | 3,000 | | | | 3,063,300 | |
WA HFC - Rockwood† | | 6.00 | % | 1/1/2024 | | NR | | | 885 | | | | 907,249 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ward Co Hlth - Trinity Hlth | | 5.00 | % | 6/1/2053 | | BBB- | | $ | 8,750 | | | $ | 9,234,137 | |
WI Hlth & Ed - American Baptist | | 5.00 | % | 8/1/2032 | | NR | | | 1,400 | | | | 1,342,320 | |
WI Hlth & Ed - American Baptist | | 5.00 | % | 8/1/2039 | | NR | | | 1,625 | | | | 1,486,583 | |
WI Hlth & Ed - Sauk-Prarie Mem Hsp | | 5.375 | % | 2/1/2048 | | B1 | | | 4,000 | | | | 3,705,240 | |
WI Hlth & Ed - St. Camillus | | 5.00 | % | 11/1/2039 | | NR | | | 1,000 | | | | 998,700 | |
WI Hlth & Ed - St. Camillus | | 5.00 | % | 11/1/2046 | | NR | | | 1,100 | | | | 1,065,493 | |
WI Hlth & Ed - St. Camillus | | 5.00 | % | 11/1/2054 | | NR | | | 5,000 | | | | 4,725,900 | |
WI PFA - Alabama Proton† | | 6.85 | % | 10/1/2047 | | NR | | | 6,500 | | | | 7,323,745 | |
WI PFA - Bancroft Neuro† | | 4.625 | % | 6/1/2036 | | NR | | | 3,595 | | | | 3,725,606 | |
WI PFA - Bancroft Neuro† | | 5.125 | % | 6/1/2048 | | NR | | | 5,900 | | | | 6,208,216 | |
WI PFA - Delray Beach Radiation† | | 6.85 | % | 11/1/2046 | | NR | | | 5,335 | | | | 6,097,211 | (e) |
WI PFA - Las Ventanas | | Zero Coupon | | 10/1/2042 | | NR | | | 2,961 | | | | 60,997 | |
WI PFA - Las Ventanas | | Zero Coupon | | 10/1/2042 | | NR | | | 1,555 | | | | 602,485 | |
WI PFA - Las Ventanas | | 7.00 | % | 10/1/2042 | | NR | | | 6,895 | | | | 6,481,162 | |
WI PFA - Mary’s Woods† | | 5.25 | % | 5/15/2052 | | BB | (b) | | 2,300 | | | | 2,374,773 | |
WI PFA - Rose Villa† | | 5.75 | % | 11/15/2044 | | NR | | | 2,035 | | | | 2,102,969 | |
Wilson Co Hsp | | 5.60 | % | 9/1/2036 | | NR | | | 3,530 | | | | 3,535,895 | |
WV Hsp - Thomas Hlth(d) | | 6.50 | % | 10/1/2028 | | NR | | | 5,000 | | | | 1,780,000 | |
WV Hsp - Thomas Hlth(d) | | 6.50 | % | 10/1/2038 | | NR | | | 2,000 | | | | 712,000 | |
Total | | | | | | | | | | | | | 692,679,407 | |
| | | | | | | | | | | | | | |
Housing 3.04% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Alachua Co Hlth - Oak Hammock | | 8.00 | % | 10/1/2042 | | NR | | | 700 | | | | 768,201 | |
Alachua Co Hlth - Oak Hammock | | 8.00 | % | 10/1/2046 | | NR | | | 1,000 | | | | 1,095,390 | |
AZ IDA - NCCU Prop Student Hsg (BAM) | | 5.00 | % | 6/1/2058 | | AA | | | 2,500 | | | | 2,907,150 | |
CA Cmty Hsg - Annadel Apts† | | 5.00 | % | 4/1/2049 | | NR | | | 9,000 | | | | 9,644,490 | |
CA Cmty Hsg - Serenity at Larkspur† | | 5.00 | % | 2/1/2050 | | NR | | | 15,800 | | | | 17,020,550 | |
CA Cmty Hsg - Verdant† | | 5.00 | % | 8/1/2049 | | NR | | | 10,200 | | | | 10,953,882 | |
CA HFA - MFH | | 4.25 | % | 1/15/2035 | | BBB+ | | | 3,509 | | | | 3,836,674 | |
CA Muni Fin - Caritas Affordable Hsg | | 5.25 | % | 8/15/2039 | | BBB+ | | | 550 | | | | 605,440 | |
CA Stwde - College of the Arts Student Hsg† | | 5.25 | % | 7/1/2049 | | BB+ | | | 1,500 | | | | 1,498,215 | |
CA Stwde - College of the Arts Student Hsg† | | 5.25 | % | 7/1/2052 | | BB+ | | | 1,100 | | | | 1,093,246 | |
Ca Stwde - Lancer Student Hsg† | | 5.00 | % | 6/1/2051 | | NR | | | 945 | | | | 937,601 | |
IL Fin Auth - Three Crowns Park | | 5.25 | % | 2/15/2047 | | NR | | | 2,750 | | | | 2,326,445 | |
LA HFA - Gmf-LA Chateau | | 8.00 | % | 9/1/2039 | | CCC+ | | | 3,030 | | | | 2,697,245 | |
LA Pub Facs Auth - Provident LSU | | 5.00 | % | 7/1/2059 | | A3 | | | 2,500 | | | | 2,742,100 | |
MD EDC - Bowie State Std Hsg | | 5.00 | % | 7/1/2055 | | BBB- | | | 2,150 | | | | 2,306,198 | |
MI HDA | | 3.60 | % | 10/1/2060 | | AA | | | 6,330 | | | | 6,771,644 | |
MI Strategic Fd - Evangelical Homes | | 5.50 | % | 6/1/2047 | | BB+ | (b) | | 5,425 | | | | 4,233,941 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Housing (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Phoenix IDA - ASU Std Hsg | | 5.00 | % | 7/1/2059 | | Baa3 | | $ | 2,000 | | | $ | 2,059,880 | |
Roanoke Co EDA - Richfield Living | | 5.25 | % | 9/1/2049 | | NR | | | 15,000 | | | | 14,670,300 | |
Roanoke Co EDA - Richfield Living | | 5.375 | % | 9/1/2054 | | NR | | | 6,000 | | | | 5,976,240 | |
Total | | | | | | | | | | | | | 94,144,832 | |
| | | | | | | | | | | | | | |
Lease Obligations 3.15% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Aviation Station North Met Dist | | 5.00 | % | 12/1/2039 | | NR | | | 750 | | | | 754,433 | |
Aviation Station North Met Dist | | 5.00 | % | 12/1/2048 | | NR | | | 1,850 | | | | 1,841,823 | |
CA Pub Wks - State Prisons | | 5.75 | % | 10/1/2031 | | Aa3 | | | 1,500 | | | | 1,593,045 | |
CA Pub Wks - Various Cap Proj | | 5.00 | % | 4/1/2034 | | Aa3 | | | 5,000 | | | | 5,347,300 | |
Houston CO Coop Dist - Country Crossing | | Zero Coupon | | 5/15/2020 | | NR | | | 4,199 | | | | 587,860 | (e) |
IN Fin Auth - OH River Brdgs AMT | | 5.00 | % | 7/1/2040 | | BBB+ | | | 2,320 | | | | 2,473,213 | |
IN Fin Auth - OH River Brdgs AMT | | 5.00 | % | 7/1/2044 | | BBB+ | | | 8,000 | | | | 8,492,160 | |
Met Pier & Expo Auth - Mccormick Place (NPFGC)(FGIC) | | Zero Coupon | | 6/15/2037 | | BBB | | | 7,650 | | | | 3,844,431 | |
NJ EDA - Bldgs | | 5.00 | % | 6/15/2047 | | BBB+ | | | 5,450 | | | | 5,905,020 | |
NJ EDA - Goethals Brdg AMT | | 5.375 | % | 1/1/2043 | | BBB | | | 1,175 | | | | 1,288,693 | |
NJ EDA - Goethals Brdg AMT | | 5.625 | % | 1/1/2052 | | BBB | | | 5,000 | | | | 5,517,100 | |
NJ EDA - Sch Facs | | 5.00 | % | 6/15/2042 | | BBB+ | | | 2,000 | | | | 2,169,660 | |
NJ EDA - Sch Facs | | 5.00 | % | 6/15/2043 | | BBB+ | | | 5,000 | | | | 5,496,050 | |
NJ EDA - Sch Facs | | 5.50 | % | 6/15/2029 | | BBB+ | | | 3,575 | | | | 4,134,773 | |
NJ EDA - State House | | 5.00 | % | 6/15/2043 | | BBB+ | | | 3,800 | | | | 4,176,998 | |
NJ Trans Trust Fund | | Zero Coupon | | 12/15/2034 | | BBB+ | | | 13,325 | | | | 7,581,259 | |
NJ Trans Trust Fund | | Zero Coupon | | 12/15/2038 | | BBB+ | | | 10,230 | | | | 4,743,753 | |
NJ Trans Trust Fund | | 4.00 | % | 6/15/2050 | | BBB+ | | | 27,500 | | | | 27,893,800 | |
NJ Trans Trust Fund | | 5.00 | % | 12/15/2035 | | BBB+ | | | 3,250 | | | | 3,647,573 | |
PR Pub Fin Corp(d) | | 5.50 | % | 8/1/2031 | | C | | | 12,250 | | | | 225,400 | |
Total | | | | | | | | | | | | | 97,714,344 | |
| | | | | | | | | | | | | | |
Other Revenue 6.29% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Arlington HI Ed Fin Corp - Arlington Classics | | 5.00 | % | 8/15/2045 | | BBB- | | | 2,250 | | | | 2,393,505 | |
Arlington Hi Ed Fin Corp - Newman Intl Acad | | 5.50 | % | 8/15/2046 | | NR | | | 5,000 | | | | 5,363,500 | |
AZ IDA - American Charter Sch† | | 6.00 | % | 7/1/2047 | | BB+ | | | 2,460 | | | | 2,600,761 | |
AZ IDA - Odyssey Prep† | | 5.50 | % | 7/1/2052 | | BB- | | | 750 | | | | 802,350 | |
CA Sch Fin Auth - Kipp LA | | 5.125 | % | 7/1/2044 | | BBB | | | 2,390 | | | | 2,580,507 | |
Cap Trust Agy - Franklin Academy† | | 5.00 | % | 12/15/2040 | | NR | | | 1,220 | | | | 1,276,840 | |
Cap Trust Agy - Franklin Academy† | | 5.00 | % | 12/15/2050 | | NR | | | 3,950 | | | | 4,091,331 | |
Cap Trust Agy - Franklin Academy† | | 5.00 | % | 12/15/2055 | | NR | | | 5,690 | | | | 5,879,249 | |
Chester Co IDA - Collegium Charter Sch | | 5.125 | % | 10/15/2037 | | BB | | | 1,000 | | | | 1,052,860 | |
Chester Co IDA - Collegium Charter Sch | | 5.25 | % | 10/15/2047 | | BB | | | 2,500 | | | | 2,607,250 | |
Chester Co IDA - Collegium Charter Sch | | 5.375 | % | 10/15/2042 | | BB | | | 5,000 | | | | 5,116,600 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Other Revenue (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Cleveland Co Port Auth - Playhouse Sq | | 5.25 | % | 12/1/2038 | | BB+ | | $ | 1,400 | | | $ | 1,428,560 | |
Cleveland Co Port Auth - Playhouse Sq | | 5.50 | % | 12/1/2043 | | BB+ | | | 1,850 | | | | 1,896,213 | |
Cleveland Co Port Auth - Playhouse Sq | | 5.50 | % | 12/1/2053 | | BB+ | | | 9,075 | | | | 9,221,107 | |
Clifton Higher Ed - IDEA Pub Schs | | 6.00 | % | 8/15/2043 | | A- | | | 1,000 | | | | 1,111,590 | |
Clifton Higher Ed - Intl Ldrshp Sch | | 6.125 | % | 8/15/2048 | | NR | | | 22,025 | | | | 24,332,119 | |
FL DFC - FL Charter Foundation† | | 5.00 | % | 7/15/2046 | | NR | | | 4,000 | | | | 4,150,640 | |
FL DFC - Palm Bay Admy† | | Zero Coupon | | 5/15/2037 | | NR | | | 940 | | | | 9,400 | |
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 | | | | 2,290,430 | (e) |
FL DFC - Renaissance Chtr Sch† | | 6.125 | % | 6/15/2046 | | NR | | | 5,000 | | | | 5,327,950 | |
FL DFC - Renaissance Chtr Sch | | 7.50 | % | 6/15/2033 | | NR | | | 6,000 | | | | 6,399,300 | |
Florence Twn IDA - Legacy Trad Sch | | 6.00 | % | 7/1/2043 | | Ba2 | | | 3,250 | | | | 3,446,950 | |
IN Fin Auth - Drexel Foundation | | 7.00 | % | 10/1/2039 | | B | | | 1,250 | | | | 1,251,750 | |
Jefferson Parish Econ Dev Dist - Kenner† | | 5.50 | % | 6/15/2038 | | NR | | | 3,200 | | | | 3,368,160 | |
Jefferson Parish Econ Dev Dist - Kenner† | | 5.625 | % | 6/15/2048 | | NR | | | 4,350 | | | | 4,535,179 | |
Kansas City RDA - Loews Hotel† | | 5.00 | % | 2/1/2040 | | NR | | | 1,000 | | | | 1,031,840 | |
Kansas City RDA - Loews Hotel† | | 5.00 | % | 2/1/2050 | | NR | | | 6,450 | | | | 6,613,314 | |
Lower AL Gas Dist - Goldman Sachs | | 5.00 | % | 9/1/2046 | | A3 | | | 18,955 | | | | 26,116,768 | |
Main St Nat Gas - Macquarie | | 5.00 | % | 5/15/2043 | | A3 | | | 1,900 | | | | 2,212,417 | |
Main St Nat Gas - Macquarie | | 5.00 | % | 5/15/2049 | | A3 | | | 14,585 | | | | 20,146,552 | |
Maricopa Co IDA - Legacy Schools† | | 5.00 | % | 7/1/2049 | | Ba2 | | | 2,335 | | | | 2,445,235 | |
Maricopa Co IDA - Legacy Schools† | | 5.00 | % | 7/1/2054 | | Ba2 | | | 1,465 | | | | 1,529,064 | |
Maricopa Co IDA - Paradise Schools† | | 5.00 | % | 7/1/2047 | | BB+ | | | 4,000 | | | | 4,130,400 | |
MD EDC - Chesapeake Bay Hyatt(d) | | 5.00 | % | 12/1/2031 | | NR | | | 10,700 | | | | 6,420,000 | (e) |
MD EDC - Chesapeake Bay Hyatt(d) | | 5.25 | % | 12/1/2031 | | NR | | | 3,000 | | | | 1,800,000 | (e) |
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 | | | | 640,602 | |
Michigan St Strategic FD Escrow(f) | | Zero Coupon | | 9/1/2020 | | NR | | | 5,000 | | | | 500 | (g) |
Middlesex Co Impt Auth - Heldrich Ctr(d) | | 6.125 | % | 1/1/2025 | | NR | | | 2,790 | | | | 55,800 | |
Middlesex Co Impt Auth - Heldrich Ctr(d) | | 6.25 | % | 1/1/2037 | | NR | | | 5,755 | | | | 115,100 | |
NYC IDA - Queens Stadium (AMBAC) | | 5.00 | % | 1/1/2036 | | Baa3 | | | 3,165 | | | | 3,165,317 | |
Ohio St Pollution Ctl Rev Escrow | | Zero Coupon | | 5/15/2020 | | NR | | | 2,965 | | | | 297 | (g) |
Phoenix IDA - Basis Schs† | | 5.00 | % | 7/1/2046 | | BB | | | 2,000 | | | | 2,071,440 | |
Plymouth Ed Ctr Charter Sch | | 5.375 | % | 11/1/2030 | | D | | | 1,425 | | | | 965,338 | |
UT Charter Sch - Freedom Academy† | | 5.375 | % | 6/15/2048 | | NR | | | 5,150 | | | | 5,526,259 | |
Yonkers EDC - Charter Sch Ed Excellence | | 6.00 | % | 10/15/2030 | | BB | | | 1,050 | | | | 1,060,007 | |
Total | | | | | | | | | | | | | 195,093,980 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Special Tax 4.08% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Allentown Neighborhood Impt† | | 5.00 | % | 5/1/2032 | | Ba3 | | $ | 2,425 | | | $ | 2,522,946 | |
Allentown Neighborhood Impt† | | 5.375 | % | 5/1/2042 | | NR | | | 5,500 | | | | 5,686,010 | |
Anne Arundel Co Spl Tax - Vlgs Two Rivers | | 5.125 | % | 7/1/2036 | | NR | | | 1,030 | | | | 1,033,203 | |
Anne Arundel Co Spl Tax - Vlgs Two Rivers | | 5.25 | % | 7/1/2044 | | NR | | | 2,150 | | | | 2,156,901 | |
Arborwood CDD | | 6.90 | % | 5/1/2025 | | NR | | | 275 | | | | 278,218 | (e) |
Arborwood CDD | | 6.90 | % | 5/1/2036 | | NR | | | 55 | | | | 55,121 | (e) |
Arborwood CDD | | 6.90 | % | 5/1/2036 | | NR | | | 685 | | | | 691,542 | (e) |
Berkeley Co - Nexton Imp Dist | | 4.25 | % | 11/1/2040 | | NR | | | 1,000 | | | | 976,910 | |
Berkeley Co - Nexton Imp Dist | | 4.375 | % | 11/1/2049 | | NR | | | 1,500 | | | | 1,474,590 | |
Celebration Pointe CDD† | | 5.00 | % | 5/1/2048 | | NR | | | 3,400 | | | | 3,481,328 | |
Compton Redev Agy | | 6.00 | % | 8/1/2042 | | NR | | | 4,750 | | | | 4,762,730 | |
Denver Intl Business Ctr Met Dist #1 | | 6.00 | % | 12/1/2048 | | NR | | | 2,300 | | | | 2,332,867 | |
Grandview IDA - Grandview Crossing(d) | | 5.75 | % | 12/1/2028 | | NR | | | 1,000 | | | | 180,000 | |
Houston CO Coop Dist - Country Crossing(d) | | 10.00 | % | 5/1/2039 | | NR | | | 11,325 | | | | 1,245,750 | (e) |
Inland Valley Redev Agy | | 5.25 | % | 9/1/2037 | | A- | | | 3,375 | | | | 3,732,986 | |
MD Special Tax - Brunswick Crossing | | 4.00 | % | 7/1/2029 | | NR | | | 675 | | | | 677,059 | |
MD Special Tax - Brunswick Crossing | | 5.00 | % | 7/1/2036 | | NR | | | 1,550 | | | | 1,602,018 | |
Miami World Ctr CDD | | 5.25 | % | 11/1/2049 | | NR | | | 4,500 | | | | 4,786,470 | |
North Las Vegas Improv Dist - Vall | | 4.50 | % | 6/1/2039 | | NR | | | 500 | | | | 499,980 | |
North Las Vegas Improv Dist - Vall | | 4.625 | % | 6/1/2043 | | NR | | | 500 | | | | 501,540 | |
North Las Vegas Improv Dist - Vall | | 4.625 | % | 6/1/2049 | | NR | | | 765 | | | | 760,739 | |
Nthrn Palm Bch Co Impt Dist | | 5.00 | % | 8/1/2037 | | NR | | | 750 | | | | 818,295 | |
Nthrn Palm Bch Co Impt Dist | | 5.00 | % | 8/1/2046 | | NR | | | 2,850 | | | | 3,070,704 | |
Nthrn Palm Bch Co Impt Dist | | 5.00 | % | 8/1/2046 | | NR | | | 5,000 | | | | 5,252,300 | |
NYC IDA - Queens Stadium (AMBAC) | | 5.00 | % | 1/1/2031 | | Baa3 | | | 6,110 | | | | 6,110,611 | |
PA COPS | | 4.00 | % | 7/1/2046 | | A | | | 3,175 | | | | 3,568,954 | |
Peninsula Town Center† | | 5.00 | % | 9/1/2037 | | NR | | | 875 | | | | 898,301 | |
Peninsula Town Center† | | 5.00 | % | 9/1/2045 | | NR | | | 2,250 | | | | 2,304,112 | |
Prairie Ctr Met Dist #3† | | 5.00 | % | 12/15/2041 | | NR | | | 3,475 | | | | 3,493,939 | |
Prince George Co Spl Ob† | | 5.00 | % | 7/1/2046 | | NR | | | 5,000 | | | | 5,187,350 | |
Prince George Co Spl Ob - Westphalia† | | 5.125 | % | 7/1/2039 | | NR | | | 1,100 | | | | 1,140,513 | |
Prince George Co Spl Ob - Westphalia† | | 5.25 | % | 7/1/2048 | | NR | | | 5,125 | | | | 5,312,114 | |
River Islands PFA - CFD 2003 | | 5.50 | % | 9/1/2045 | | NR | | | 2,925 | | | | 3,126,649 | |
River Islands PFA - CFD 2003 | | 5.50 | % | 9/1/2045 | | NR | | | 6,505 | | | | 6,936,412 | |
Scranton RDA GTD | | 5.00 | % | 11/15/2028 | | BB+ | | | 5,000 | | | | 4,856,600 | |
St Louis IDA - Ballpark Vlg | | 4.375 | % | 11/15/2035 | | NR | | | 3,500 | | | | 2,958,970 | |
St Louis IDA - Ballpark Vlg | | 4.75 | % | 11/15/2047 | | NR | | | 4,875 | | | | 4,164,859 | |
Stone Canyon CID(d) | | 5.70 | % | 4/1/2022 | | NR | | | 1,485 | | | | 386,100 | |
Tern Bay CDD | | 5.375 | % | 5/1/2037 | | NR | | | 405 | | | | 405,190 | |
Village CDD #10 | | 6.00 | % | 5/1/2044 | | NR | | | 880 | | | | 967,516 | |
Village CDD #12† | | 4.25 | % | 5/1/2043 | | NR | | | 7,440 | | | | 7,780,678 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Special Tax (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Village CDD #12† | | 4.375 | % | 5/1/2050 | | NR | | $ | 2,975 | | | $ | 3,118,573 | |
Village CDD #13 | | 3.70 | % | 5/1/2050 | | NR | | | 10,000 | | | | 10,059,600 | (e) |
West Villages Impr Dist - #7 | | 4.75 | % | 5/1/2039 | | NR | | | 1,750 | | | | 1,846,303 | |
West Villages Impr Dist - #7 | | 5.00 | % | 5/1/2050 | | NR | | | 3,090 | | | | 3,287,049 | |
Total | | | | | | | | | | | | | 126,490,600 | |
| | | | | | | | | | | | | | |
Tax Revenue 4.57% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
American Samoa GO† | | 6.50 | % | 9/1/2028 | | Ba3 | | | 2,750 | | | | 3,340,397 | |
City of Sparks - Legends at Sparks Marina† | | 2.50 | % | 6/15/2024 | | Ba2 | | | 335 | | | | 329,288 | |
City of Sparks - Legends at Sparks Marina† | | 2.75 | % | 6/15/2028 | | Ba2 | | | 750 | | | | 720,330 | |
Coop Dist Ft Spanish - Hwy 181 | | 9.00 | % | 2/1/2029 | | NR | | | 340 | | | | 372,919 | |
Met Pier & Expo Auth - Mccormick Place | | Zero Coupon | | 12/15/2054 | | BBB | | | 21,595 | | | | 4,289,631 | |
Met Pier & Expo Auth - Mccormick Place | | 5.00 | % | 6/15/2053 | | BBB | | | 6,035 | | | | 6,279,176 | |
Met Pier & Expo Auth - Mccormick Place | | 5.50 | % | 6/15/2053 | | BBB | | | 9,150 | | | | 9,742,462 | |
Met Pier & Expo Auth - Mccormick Place (AGM) | | Zero Coupon | | 12/15/2052 | | AA | | | 5,250 | | | | 1,534,313 | |
Met Pier & Expo Auth - Mccormick Place (NPFGC)(FGIC) | | Zero Coupon | | 12/15/2036 | | BBB | | | 20,000 | | | | 10,326,000 | |
Met Pier & Expo Auth - Mccormick Place (NPFGC)(FGIC) | | Zero Coupon | | 12/15/2037 | | BBB | | | 10,000 | | | | 4,907,700 | |
NYC TFA - Future Tax | | 0.12 | %#(c) | 2/1/2045 | | AAA | | | 725 | | | | 725,000 | |
PR Corp Sales Tax | | Zero Coupon | | 7/1/2033 | | NR | | | 5,283 | | | | 3,421,693 | |
PR Corp Sales Tax | | 4.329 | % | 7/1/2040 | | NR | | | 16,627 | | | | 16,745,551 | |
PR Corp Sales Tax | | 4.536 | % | 7/1/2053 | | NR | | | 279 | | | | 283,417 | |
PR Corp Sales Tax | | 4.55 | % | 7/1/2040 | | NR | | | 1,337 | | | | 1,366,414 | |
PR Corp Sales Tax | | 4.75 | % | 7/1/2053 | | NR | | | 24,345 | | | | 25,079,245 | |
PR Corp Sales Tax | | 4.784 | % | 7/1/2058 | | NR | | | 3,659 | | | | 3,781,759 | |
PR Corp Sales Tax | | 5.00 | % | 7/1/2058 | | NR | | | 41,771 | | | | 43,778,097 | |
Reno - ReTRAC-Reno Trans† | | Zero Coupon | | 7/1/2058 | | NR | | | 18,500 | | | | 1,696,820 | |
Virgin Islands PFA - Matching Fund | | 5.00 | % | 10/1/2029 | | Caa2 | | | 2,960 | | | | 2,809,869 | |
Total | | | | | | | | | | | | | 141,530,081 | |
| | | | | | | | | | | | | | |
Tobacco 11.29% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Buckeye Tobacco | | Zero Coupon | | 6/1/2057 | | NR | | | 76,000 | | | | 10,570,080 | |
Buckeye Tobacco | | 5.00 | % | 6/1/2055 | | NR | | | 74,000 | | | | 78,043,360 | |
CA Stwde - Tobacco Settlement | | Zero Coupon | | 6/1/2046 | | NR | | | 26,325 | | | | 5,342,922 | |
CA Stwde - Tobacco Settlement | | Zero Coupon | | 6/1/2055 | | NR | | | 42,500 | | | | 1,548,275 | |
Erie Co Tobacco | | Zero Coupon | | 6/1/2060 | | NR | | | 35,000 | | | | 1,437,800 | |
Golden St Tobacco | | Zero Coupon | | 6/1/2047 | | CCC- | | | 25,000 | | | | 5,227,750 | |
Golden St Tobacco | | 5.00 | % | 6/1/2047 | | NR | | | 20,325 | | | | 20,579,672 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Tobacco (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Golden St Tobacco | | 5.00 | % | 6/1/2047 | | NR | | $ | 34,245 | | | $ | 34,674,090 | |
Golden St Tobacco | | 5.25 | % | 6/1/2047 | | NR | | | 14,175 | | | | 14,421,362 | |
Golden St Tobacco | | 5.30 | % | 6/1/2037 | | B- | | | 5,020 | | | | 5,172,457 | |
Inland Empire Tobacco† | | Zero Coupon | | 6/1/2057 | | CCC | | | 47,000 | | | | 2,343,890 | |
Los Angeles Co Tobacco | | Zero Coupon | | 6/1/2055 | | NR | | | 18,000 | | | | 3,069,360 | |
Los Angeles Co Tobacco | | 4.00 | % | 6/1/2049 | | BBB+ | | | 2,015 | | | | 2,206,566 | |
Los Angeles Co Tobacco | | 5.00 | % | 6/1/2049 | | BBB- | | | 250 | | | | 290,038 | |
MI Tob Settlement | | Zero Coupon | | 6/1/2058 | | NR | | | 59,500 | | | | 2,372,265 | |
MI Tob Settlement | | 5.125 | % | 6/1/2022 | | B- | | | 1,850 | | | | 1,851,906 | |
MI Tob Settlement | | 5.25 | % | 6/1/2022 | | B- | | | 2,890 | | | | 2,893,121 | |
MI Tob Settlement | | 6.00 | % | 6/1/2034 | | B- | | | 5,000 | | | | 5,001,000 | |
MI Tob Settlement | | 6.00 | % | 6/1/2048 | | B- | | | 2,000 | | | | 2,000,380 | |
Monroe Co Tobacco | | Zero Coupon | | 6/1/2061 | | NR | | | 22,900 | | | | 896,535 | |
Nassau Co Tobacco | | Zero Coupon | | 6/1/2060 | | NR | | | 50,000 | | | | 1,832,000 | |
Nassau Co Tobacco | | 5.00 | % | 6/1/2035 | | B- | | | 3,170 | | | | 3,169,968 | |
Nassau Co Tobacco | | 5.25 | % | 6/1/2026 | | B- | | | 4,000 | | | | 3,999,920 | |
Nthrn AK Tobacco | | 5.00 | % | 6/1/2032 | | B3 | | | 5,025 | | | | 5,026,005 | |
Nthrn AK Tobacco | | 5.00 | % | 6/1/2046 | | B3 | | | 6,930 | | | | 6,931,386 | |
Nthrn CA Tobacco | | Zero Coupon | | 6/1/2045 | | CCC- | | | 37,500 | | | | 6,562,125 | |
Nthrn CA Tobacco | | 5.50 | % | 6/1/2045 | | B- | | | 5,280 | | | | 5,281,162 | |
RI Tob Settlement | | Zero Coupon | | 6/1/2052 | | CCC- | | | 25,885 | | | | 3,923,648 | |
Rockland Tobacco† | | Zero Coupon | | 8/15/2060 | | NR | | | 41,035 | | | | 2,038,208 | |
San Diego Co Tobacco | | Zero Coupon | | 6/1/2054 | | NR | | | 16,000 | | | | 2,639,680 | |
San Diego Co Tobacco | | 5.00 | % | 6/1/2048 | | BBB- | | | 2,550 | | | | 2,942,904 | |
Silicon Valley Tobacco | | Zero Coupon | | 6/1/2056 | | NR | | | 20,000 | | | | 1,473,000 | |
Sthrn CA Tobacco | | Zero Coupon | | 6/1/2046 | | CCC- | | | 15,000 | | | | 2,662,200 | |
Suffolk Tobacco Asset Sec Corp | | 6.00 | % | 6/1/2048 | | NR | | | 1,125 | | | | 1,126,058 | |
Suffolk Tobacco Asset Sec Corp | | 6.625 | % | 6/1/2044 | | NR | | | 6,100 | | | | 6,299,775 | |
Tobacco Settlement Auth IA | | Zero Coupon | | 6/1/2046 | | NR | | | 10,000 | | | | 1,629,300 | |
Tobacco Settlement Auth IA | | 5.375 | % | 6/1/2038 | | B- | | | 6,220 | | | | 6,310,439 | |
Tobacco Settlement Auth IA | | 5.50 | % | 6/1/2042 | | B- | | | 3,880 | | | | 3,936,415 | |
Tobacco Settlement Fin Corp DC | | Zero Coupon | | 6/15/2046 | | NR | | | 4,780 | | | | 570,828 | |
Tobacco Settlement Fin Corp DC | | Zero Coupon | | 6/15/2055 | | NR | | | 21,000 | | | | 1,383,900 | |
Tobacco Settlement Fin Corp NJ | | 5.00 | % | 6/1/2046 | | BB+ | | | 12,100 | | | | 13,292,213 | |
Tobacco Settlement Fin Corp VA | | Zero Coupon | | 6/1/2047 | | CCC- | | | 7,500 | | | | 1,309,800 | |
Tobacco Settlement Fin Corp VA | | Zero Coupon | | 6/1/2047 | | CCC- | | | 45,260 | | | | 8,349,112 | |
Tobacco Settlement Fin Corp VA | | 5.00 | % | 6/1/2047 | | B- | | | 17,560 | | | | 17,561,932 | |
TSASC | | 5.00 | % | 6/1/2036 | | A- | | | 280 | | | | 326,130 | |
TSASC | | 5.00 | % | 6/1/2045 | | CCC+ | | | 4,670 | | | | 4,751,351 | |
TSASC | | 5.00 | % | 6/1/2048 | | NR | | | 34,170 | | | | 34,707,152 | |
Total | | | | | | | | | | | | | 349,979,440 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation 6.21% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
CA Muni Fin - LINXS AMT | | 4.00 | % | 12/31/2047 | | BBB- | (b) | $ | 11,200 | | | $ | 11,667,936 | |
Chicago O’Hare Arpt | | 4.00 | % | 1/1/2044 | | A | | | 10,000 | | | | 10,968,100 | |
Chicago O’Hare Arpt AMT | | 5.00 | % | 1/1/2048 | | A | | | 5,000 | | | | 5,893,450 | |
Chicago O’Hare Arpt AMT | | 5.00 | % | 1/1/2031 | | A | | | 2,985 | | | | 3,133,802 | |
CT Airport Auth - Bradley Arpt AMT | | 4.00 | % | 7/1/2049 | | A- | | | 7,310 | | | | 7,933,543 | |
Denver City & Co Arpt AMT | | 5.50 | % | 11/15/2025 | | A | | | 3,410 | | | | 3,898,210 | |
E470 Pub Hwy Auth (NPFGC)(FGIC) | | Zero Coupon | | 9/1/2031 | | A | | | 20,000 | | | | 16,296,600 | |
Foothill / Eastern Corridor Toll Rd | | Zero Coupon | | 1/15/2033 | | A- | | | 4,500 | | | | 3,011,760 | |
Foothill / Eastern Corridor Toll Rd | | 5.75 | % | 1/15/2046 | | A- | | | 1,000 | | | | 1,111,980 | |
Foothill / Eastern Corridor Toll Rd | | 6.00 | % | 1/15/2049 | | A- | | | 5,000 | | | | 5,991,900 | |
Foothill / Eastern Corridor Toll Rd | | 6.00 | % | 1/15/2053 | | A- | | | 6,915 | | | | 8,286,798 | |
Foothill / Eastern Corridor Toll Rd | | 6.50 | % | 1/15/2043 | | BBB+ | | | 2,000 | | | | 2,270,860 | |
Greater Orlando Aviation AMT | | 4.00 | % | 10/1/2049 | | AA- | | | 3,000 | | | | 3,301,800 | |
Houston Arpt - Continental Airlines AMT | | 4.75 | % | 7/1/2024 | | BB- | | | 5,000 | | | | 5,095,150 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/1/2027 | | BB- | (b) | | 680 | | | | 708,499 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/15/2027 | | BB- | (b) | | 1,100 | | | | 1,146,310 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/15/2027 | | BB- | (b) | | 2,000 | | | | 2,056,060 | |
Houston Arpt - United Airlines AMT | | 5.00 | % | 7/15/2028 | | BB- | | | 3,500 | | | | 3,630,445 | |
Kansas City IDA - Kansas City Intl Airport AMT | | 5.00 | % | 3/1/2046 | | A | | | 5,000 | | | | 5,909,250 | |
MD EDC - Ports America Chesapeake AMT | | 5.00 | % | 6/1/2044 | | Baa3 | | | 250 | | | | 267,588 | |
MD EDC - Ports America Chesapeake AMT | | 5.00 | % | 6/1/2049 | | Baa3 | | | 750 | | | | 797,422 | |
MI Strategic Fund - I-75 AMT (AGM) | | 4.50 | % | 6/30/2048 | | AA | | | 3,000 | | | | 3,333,540 | |
MTA NY | | 5.00 | % | 11/15/2050 | | A2 | | | 3,125 | | | | 3,549,531 | |
MTA NY | | 5.25 | % | 11/15/2055 | | A2 | | | 6,000 | | | | 6,880,260 | |
NC Tpk Auth - Triangle Exprs | | 5.00 | % | 1/1/2043 | | BBB | | | 1,150 | | | | 1,313,829 | |
North TX Twy Auth | | 4.25 | % | 1/1/2049 | | A | | | 5,525 | | | | 6,179,712 | |
NY Trans Dev Corp - Delta AMT | | 5.00 | % | 1/1/2024 | | Baa3 | | | 6,300 | | | | 6,649,776 | |
NY Trans Dev Corp - Delta AMT | | 4.00 | % | 1/1/2036 | | Baa3 | | | 9,305 | | | | 9,410,612 | |
NY Trans Dev Corp - Delta AMT | | 5.00 | % | 1/1/2036 | | Baa3 | | | 1,120 | | | | 1,201,099 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | 5.25 | % | 1/1/2050 | | Baa3 | | | 10,000 | | | | 10,848,000 | |
PA Tpk Commn | | 4.00 | % | 12/1/2049 | | A3 | | | 3,500 | | | | 3,775,485 | |
PA Tpk Commn | | 5.00 | % | 12/1/2044 | | A3 | | | 4,500 | | | | 5,324,625 | |
Port Auth NY & NJ AMT | | 4.00 | % | 11/1/2059 | | Aa3 | | | 1,000 | | | | 1,098,590 | |
PR Hwy & Trans Auth(d) | | 5.00 | % | 7/1/2020 | | C | | | 6,035 | | | | 2,776,100 | |
PR Hwy & Trans Auth(d) | | 5.00 | % | 7/1/2022 | | C | | | 1,545 | | | | 714,563 | |
PR Hwy & Trans Auth(d) | | 5.00 | % | 7/1/2028 | | C | | | 1,015 | | | | 152,250 | |
Reno - ReTRAC-Reno Trans† | | Zero Coupon | | 7/1/2058 | | NR | | | 55,000 | | | | 6,578,000 | |
San Francisco Arpt AMT | | 5.00 | % | 5/1/2050 | | A+ | | | 5,000 | | | | 5,993,850 | |
TX Trans Comm - Hwy 249 | | Zero Coupon | | 8/1/2036 | | Baa3 | | | 1,050 | | | | 551,859 | |
TX Trans Comm - Hwy 249 | | Zero Coupon | | 8/1/2040 | | Baa3 | | | 1,100 | | | | 463,485 | |
TX Trans Comm - Hwy 249 | | Zero Coupon | | 8/1/2047 | | Baa3 | | | 1,000 | | | | 287,280 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
TX Trans Comm - Hwy 249 | | Zero Coupon | | 8/1/2048 | | Baa3 | | $ | 1,000 | | | $ | 272,580 | |
TX Trans Comm - Hwy 249 | | 5.00 | % | 8/1/2057 | | Baa3 | | | 2,375 | | | | 2,662,802 | |
VA Small Bus Fing - 95 Express Lanes AMT | | 5.00 | % | 7/1/2049 | | BBB- | | | 7,540 | | | | 7,752,477 | |
VA Small Bus Fing - Elizabeth River AMT | | 6.00 | % | 1/1/2037 | | BBB- | | | 1,230 | | | | 1,306,260 | |
Total | | | | | | | | | | | | | 192,454,028 | |
| | | | | | | | | | | | | | |
Utilities 7.03% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Burke Co Dev - Oglethorpe Power | | 4.125 | % | 11/1/2045 | | BBB+ | | | 6,085 | | | | 6,604,720 | |
Burke Co Dev - Oglethorpe Power | | 4.125 | % | 11/1/2045 | | BBB+ | | | 15,640 | | | | 16,975,812 | |
CA Poll Ctl - Poseidon Res† | | 5.00 | % | 11/21/2045 | | Baa3 | | | 2,250 | | | | 2,538,517 | |
Campbell Co Solid Wste - Basin Elec | | 3.625 | % | 7/15/2039 | | A | | | 12,345 | | | | 13,120,266 | |
Central Plains - Goldman Sachs | | 5.00 | % | 9/1/2042 | | BBB+ | | | 5,000 | | | | 6,761,250 | |
Charlotte Co IDA - Babcock Ranch AMT† | | 5.00 | % | 10/1/2034 | | NR | | | 1,000 | | | | 1,119,110 | (e) |
Charlotte Co IDA - Babcock Ranch AMT† | | 5.00 | % | 10/1/2049 | | NR | | | 5,500 | | | | 6,049,835 | (e) |
Compton Water | | 6.00 | % | 8/1/2039 | | NR | | | 3,710 | | | | 3,722,428 | |
GA Muni Elec Auth - MEAG | | 4.00 | % | 1/1/2049 | | BBB+ | | | 10,000 | | | | 10,797,600 | |
GA Muni Elec Auth - MEAG | | 5.00 | % | 1/1/2048 | | BBB+ | | | 2,000 | | | | 2,338,480 | |
GA Muni Elec Auth - MEAG | | 5.00 | % | 1/1/2059 | | BBB+ | | | 7,300 | | | | 8,425,441 | |
GA Muni Elec Auth - MEAG | | 5.00 | % | 1/1/2063 | | A | | | 2,400 | | | | 2,783,040 | |
Guam Waterworks Auth | | 5.00 | % | 1/1/2050 | | A- | | | 2,250 | | | | 2,691,247 | |
Guam Waterworks Auth | | 5.50 | % | 7/1/2043 | | A- | | | 2,535 | | | | 2,764,139 | |
HI Dept Budget - Hawaiian Electric | | 3.20 | % | 7/1/2039 | | Baa2 | | | 15,765 | | | | 16,291,236 | |
HI Dept Budget - Hawaiian Electric AMT | | 4.00 | % | 3/1/2037 | | Baa2 | | | 4,475 | | | | 4,830,986 | |
Jefferson Co Sewer | | Zero Coupon | | 10/1/2039 | | BBB | | | 5,000 | | | | 4,885,800 | |
Jefferson Co Sewer | | Zero Coupon | | 10/1/2046 | | BBB | | | 5,445 | | | | 5,288,620 | |
Jefferson Co Sewer | | 6.00 | % | 10/1/2042 | | BBB | | | 7,175 | | | | 8,235,321 | |
Jefferson Co Sewer | | 6.50 | % | 10/1/2053 | | BBB | | | 26,800 | | | | 31,122,036 | |
Jefferson Co Sewer (AGM) | | Zero Coupon | | 10/1/2028 | | AA | | | 4,035 | | | | 2,982,672 | |
Jefferson Co Sewer (AGM) | | 5.00 | % | 10/1/2044 | | AA | | | 5,070 | | | | 5,613,555 | |
Maricopa Co Poll Cntrl - El Paso Elec | | 3.60 | % | 2/1/2040 | | BBB | | | 5,335 | | | | 5,636,001 | |
Maricopa Co Poll Cntrl - El Paso Elec | | 3.60 | % | 4/1/2040 | | BBB | | | 3,100 | | | | 3,273,507 | |
Moraine Ohio Solid Waste Disp Escrow | | Zero Coupon | | 12/31/2025 | | NR | | | 525 | | | | 53 | (g) |
NYC Muni Water | | 0.14 | %#(c) | 6/15/2050 | | AA+ | | | 2,000 | | | | 2,000,000 | |
PR Aqueduct & Swr Auth | | 4.25 | % | 7/1/2025 | | Ca | | | 4,400 | | | | 4,433,000 | |
PR Aqueduct & Swr Auth | | 5.00 | % | 7/1/2033 | | Ca | | | 5,530 | | | | 5,654,425 | |
PR Aqueduct & Swr Auth | | 5.125 | % | 7/1/2037 | | Ca | | | 3,690 | | | | 3,773,025 | |
PR Aqueduct & Swr Auth | | 6.00 | % | 7/1/2038 | | Ca | | | 5,040 | | | | 5,128,200 | |
PR Aqueduct & Swr Auth | | 6.00 | % | 7/1/2047 | | Ca | | | 3,260 | | | | 3,390,400 | |
PR Elec Pwr Auth(d) | | 5.00 | % | 7/1/2042 | | D | (b) | | 4,975 | | | | 3,470,062 | |
PR Elec Pwr Auth(d) | | 5.05 | % | 7/1/2042 | | D | (b) | | 3,425 | | | | 2,388,938 | |
PR Elec Pwr Auth(d) | | 5.25 | % | 7/1/2024 | | D | (b) | | 7,000 | | | | 4,900,000 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities (continued) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
PR Elec Pwr Auth(d) | | 5.50 | % | 7/1/2038 | | D | (b) | $ | 1,530 | | | $ | 1,074,825 | |
PR Elec Pwr Auth(d) | | 5.75 | % | 7/1/2036 | | D | (b) | | 3,040 | | | | 2,143,200 | |
Prichard Wtr & Swr | | 4.00 | % | 11/1/2044 | | BBB+ | | | 1,980 | | | | 2,164,932 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2045 | | A- | (b) | | 1,000 | | | | 1,223,550 | |
Transbay Pwr Auth | | 5.00 | % | 10/1/2049 | | A- | (b) | | 1,100 | | | | 1,340,845 | |
Total | | | | | | | | | | | | | 217,937,074 | |
Total Municipal Bonds (cost $3,047,809,889) | | | | | | | | | 3,067,767,726 | |
| | | | | | | | | | | | | | |
| | Interest Rate# | | Interest Rate Reset Date(h) | | Final Maturity Date | | | | | | | | |
SHORT-TERM INVESTMENTS 0.42% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Variable Rate Demand Notes 0.42% | | | | | | | | | | | | |
| | | | | | | | | | | | |
General Obligation 0.24% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NYC GO | | 0.14 | % | 7/1/2020 | | 12/1/2047 | | Aa1 | | | 7,400 | | | | 7,400,000 | |
| | | | | | | | | | | | | | | | |
Housing 0.09% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
IN Hsg & Cmnty Dev - SF Mtge Rev (GNMA) | | 0.30 | % | 7/1/2020 | | 7/1/2047 | | Aaa | | | 2,915 | | | | 2,915,000 | |
| | | | | | | | | | | | | | | | |
Tax Revenue 0.09% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NYC TFA - Future Tax | | 0.12 | % | 7/1/2020 | | 2/1/2045 | | AAA | | | 2,670 | | | | 2,670,000 | |
Total Short-Term Investments (cost $12,985,000) | | | | | | | | | | | 12,985,000 | |
Total Investments in Securities 99.39% (cost $3,060,794,889) | | | | | | | | | | | 3,080,752,726 | |
Cash and Other Assets in Excess of Liabilities 0.61% | | | | | | | | | | | 18,877,873 | |
Net Assets 100.00% | | | | | | | | | | | | | | $ | 3,099,630,599 | |
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. |
FGIC | Insured by - Financial Guaranty Insurance Company. |
GNMA | Government National Mortgage Association. |
GTD | Guaranteed. |
NPFGC | Insured by - National Public Finance Guarantee Corporation. |
NR | Not Rated. |
SIFMA | Insured by - Securities Industry and Financial Markets Association. |
TCRS | Transferable Custodial Receipt. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
† | 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 June 30, 2020, the total value of Rule 144A securities was $653,939,603, which represents 21.10% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at June 30, 2020. |
(a) | Securities purchased on a when-issued basis. |
(b) | This investment has been rated by Fitch IBCA. |
(c) | Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon until designated future date. |
(d) | Defaulted (non-income producing security). |
(e) | 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. |
(f) | Stub Rights issued in connection with a plan of reorganization. |
(g) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security fair valued by the Pricing Committee. |
(h) | 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. |
The following is a summary of the inputs used as of June 30, 2020 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 | | $ | — | | | $ | 477,038,633 | | | $ | 12,510,701 | | | $ | 489,549,334 | |
Education | | | — | | | | 192,081,526 | | | | 41,082 | | | | 192,122,608 | |
General Obligation | | | — | | | | 254,685,595 | | | | 10,815,865 | | | | 265,501,460 | |
Health Care | | | — | | | | 653,755,142 | | | | 38,924,265 | | | | 692,679,407 | |
Lease Obligations | | | — | | | | 97,126,484 | | | | 587,860 | | | | 97,714,344 | |
Other Revenue | | | — | | | | 184,582,753 | | | | 10,511,227 | | | | 195,093,980 | |
Special Tax | | | — | | | | 114,160,369 | | | | 12,330,231 | | | | 126,490,600 | |
Utilities | | | — | | | | 210,768,076 | | | | 7,168,998 | | | | 217,937,074 | |
Remaining Industries | | | — | | | | 790,678,919 | | | | — | | | | 790,678,919 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes | | | — | | | | 12,985,000 | | | | — | | | | 12,985,000 | |
Total | | $ | — | | | $ | 2,987,862,497 | | | $ | 92,890,229 | | | $ | 3,080,752,726 | |
(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. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
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 01, 2019 | | $ | 21,431,587 | |
Accrued Discounts (Premiums) | | | (27,830 | ) |
Realized Gain (Loss) | | | (1,913,144 | ) |
Change in Unrealized Appreciation (Depreciation) | | | (2,971,106 | ) |
Purchases | | | 21,495,569 | |
Sales | | | (4,333,415 | ) |
Transfers into Level 3 | | | 65,164,618 | |
Transfers out of Level 3 | | | (5,956,050 | ) |
Balance as of June 30, 2020 | | $ | 92,890,229 | |
Change in unrealized appreciation/depreciation for the period ended June 30, 2020, related to Level 3 investments held at June 30, 2020 | | $ | (3,713,289 | ) |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
MUNICIPAL BONDS 100.28% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Corporate-Backed 25.44% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
AL IDA - Office Max Rmkt AMT | | | 6.45 | %#(a) | | 12/1/2023 | | B1 | | $ | 675 | | | $ | 674,987 | |
AL IDA - Office Max Rmkt AMT | | | 6.45 | %#(a) | | 12/1/2023 | | B1 | | | 990 | | | | 989,980 | |
Allegheny Co IDA - US Steel | | | 5.125 | % | | 5/1/2030 | | B- | | | 6,390 | | | | 5,623,583 | |
Allegheny Co IDA - US Steel | | | 6.55 | % | | 12/1/2027 | | B- | | | 1,000 | | | | 954,070 | |
Bucks Cnty IDA- Waste Mgmt AMT | | | 2.75 | %#(a) | | 12/1/2022 | | A- | | | 1,000 | | | | 1,035,310 | |
Downtown Doral CDD† | | | 3.875 | % | | 12/15/2023 | | NR | | | 205 | | | | 208,600 | |
Downtown Doral CDD† | | | 4.25 | % | | 12/15/2028 | | NR | | | 250 | | | | 260,135 | |
FL DFC - Waste Pro AMT† | | | 5.00 | % | | 5/1/2029 | | NR | | | 1,065 | | | | 1,135,460 | |
Greater Orlando Aviation - Jet Blue AMT | | | 5.00 | % | | 11/15/2026 | | NR | | | 100 | | | | 102,702 | |
Houston Arpt - Continental Airlines AMT | | | 5.00 | % | | 7/15/2020 | | BB- | | | 1,255 | | | | 1,257,071 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/15/2028 | | BB- | | | 1,000 | | | | 1,037,270 | |
IA Fin Auth - Iowa Fertilizer Co | | | 3.125 | % | | 12/1/2022 | | BB- | | | 1,875 | | | | 1,893,919 | |
IA Fin Auth - Iowa Fertilizer Co | | | 5.25 | % | | 12/1/2025 | | BB- | | | 7,735 | | | | 8,078,047 | |
IA Fin Auth - Iowa Fertilizer Co† | | | 5.875 | % | | 12/1/2027 | | BB- | | | 200 | | | | 208,152 | |
IN Fin Auth - OVEC(b) | | | 3.00 | % | | 11/1/2030 | | BBB- | (c) | | 400 | | | | 411,612 | |
IN Fin Auth - OVEC(b) | | | 3.00 | % | | 11/1/2030 | | BBB- | (c) | | 500 | | | | 514,515 | |
IN Fin Auth - OVEC(b) | | | 3.00 | % | | 11/1/2030 | | BBB- | (c) | | 500 | | | | 514,515 | |
IN Fin Auth - US Steel | | | 6.00 | % | | 12/1/2026 | | B- | | | 1,330 | | | | 1,248,644 | |
Int Falls MN - Office Max | | | 5.50 | % | | 4/1/2023 | | B1 | | | 1,230 | | | | 1,206,384 | |
LA Env Facs - Westlake Chem | | | 3.50 | % | | 11/1/2032 | | Baa2 | | | 2,295 | | | | 2,391,459 | |
LA Env Facs - Westlake Chem | | | 6.50 | % | | 8/1/2029 | | Baa2 | | | 320 | | | | 321,043 | |
LA Env Facs - Westlake Chem | | | 6.50 | % | | 11/1/2035 | | Baa2 | | | 810 | | | | 820,878 | |
LA St John Parish - Marathon Oil | | | 2.20 | %#(a) | | 6/1/2037 | | BBB- | | | 750 | | | | 719,685 | |
Love Field Arpt - Southwest Airlines AMT | | | 5.00 | % | | 11/1/2022 | | Baa1 | | | 285 | | | | 296,178 | |
Matagorda Co Nav Dist - AEP TX Central | | | 2.60 | % | | 11/1/2029 | | A- | | | 725 | | | | 737,622 | |
MI Strategic Fd - Waste Mgmt AMT | | | 2.85 | %#(a) | | 8/1/2027 | | A- | | | 1,000 | | | | 1,015,850 | |
Mission Econ Dev Corp - Natgasoline AMT† | | | 4.625 | % | | 10/1/2031 | | BB- | | | 5,625 | | | | 5,909,287 | |
MSR Energy Auth - Citi | | | 6.125 | % | | 11/1/2029 | | BBB+ | | | 320 | | | | 404,730 | |
Nez Perce Co Poll Ctl - Potlatch | | | 2.75 | % | | 10/1/2024 | | BBB- | | | 2,835 | | | | 2,869,048 | |
NH Bus Fin Auth- United Illuminating | | | 2.80 | %#(a) | | 10/1/2033 | | A- | | | 1,000 | | | | 1,048,690 | |
NH Fin Auth - Casella Waste AMT† | | | 2.95 | %#(a) | | 4/1/2029 | | B | | | 2,300 | | | | 2,213,727 | |
NH National Fin Auth - Covanta AMT† | | | 4.00 | % | | 11/1/2027 | | B1 | | | 1,525 | | | | 1,544,779 | |
Niagara Area Dev Corp - Covanta† | | | 3.50 | % | | 11/1/2024 | | B1 | | | 2,100 | | | | 2,106,531 | |
NJ EDA - Continental Airlines AMT | | | 5.125 | % | | 9/15/2023 | | BB- | | | 800 | | | | 811,608 | |
NJ EDA - Continental Airlines AMT | | | 5.25 | % | | 9/15/2029 | | BB- | | | 1,750 | | | | 1,784,703 | |
NJ EDA - Continental Airlines AMT | | | 5.50 | % | | 4/1/2028 | | BB- | | | 115 | | | | 112,683 | |
NJ EDA - Continental Airlines AMT | | | 5.625 | % | | 11/15/2030 | | BB- | | | 2,200 | | | | 2,269,036 | |
NJ EDA - Goethals Brdg AMT | | | 5.25 | % | | 1/1/2025 | | A2 | | | 160 | | | | 179,206 | |
NTL Fin Auth - Waste Mgmt AMT | | | 2.15 | %#(a) | | 7/1/2027 | | A- | | | 3,160 | | | | 3,235,745 | |
NY Env Facs - Casella Waste AMT† | | | 2.875 | %#(a) | | 12/1/2044 | | B | | | 1,500 | | | | 1,431,120 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Corporate-Backed (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NY Env Facs - Casella Waste AMT† | | | 3.125 | %#(a) | | 12/1/2044 | | B | | $ | 3,000 | | | $ | 2,986,320 | |
NY Trans Dev Corp - American Airlines AMT | | | 5.00 | % | | 8/1/2021 | | B- | | | 4,180 | | | | 4,202,070 | |
NY Trans Dev Corp - American Airlines AMT | | | 5.00 | % | | 8/1/2026 | | B- | | | 1,000 | | | | 1,003,290 | |
NY Trans Dev Corp - American Airlines AMT | | | 5.00 | % | | 8/1/2031 | | B- | | | 3,555 | | | | 3,561,150 | |
NY Trans Dev Corp - American Airlines AMT | | | 5.25 | % | | 8/1/2031 | | B- | | | 1,650 | | | | 1,706,051 | |
NY Trans Dev Corp - American Airlines AMT | | | 5.375 | % | | 8/1/2036 | | B- | | | 1,000 | | | | 1,034,970 | |
NYC IDA - TRIPS AMT | | | 5.00 | % | | 7/1/2022 | | BBB+ | | | 1,000 | | | | 1,060,610 | |
NYC IDA - TRIPS AMT | | | 5.00 | % | | 7/1/2028 | | BBB+ | | | 1,000 | | | | 1,057,490 | |
OH Air Dev Auth - AEP AMT | | | 2.60 | %#(a) | | 6/1/2041 | | BBB+ | | | 2,500 | | | | 2,551,600 | |
OH Air Dev Auth - OVEC | | | 2.875 | % | | 2/1/2026 | | Ba1 | | | 700 | | | | 709,331 | |
OH Air Dev Auth - OVEC | | | 3.25 | % | | 9/1/2029 | | Ba1 | | | 2,750 | | | | 2,832,060 | |
OH Air Quality - Pratt Paper AMT† | | | 3.75 | % | | 1/15/2028 | | NR | | | 425 | | | | 436,900 | |
OH St Wtr Dev Auth - US Steel | | | 6.60 | % | | 5/1/2029 | | B- | | | 200 | | | | 188,910 | |
Parish of St James - Nustar Logistics† | | | 5.85 | %#(a) | | 8/1/2041 | | BB- | | | 2,500 | | | | 2,712,500 | |
Parish of St James - Nustar Logistics† | | | 6.10 | %#(a) | | 6/1/2038 | | BB- | | | 1,500 | | | | 1,751,640 | |
Port Beaumont Nav Dis - Jefferson Rail AMT† | | | 3.625 | % | | 1/1/2035 | | NR | | | 2,730 | | | | 2,671,168 | |
Port Seattle IDC - Delta Airlines AMT | | | 5.00 | % | | 4/1/2030 | | BB | | | 1,200 | | | | 1,230,540 | |
Salem Co Poll Ctl - Chambers AMT | | | 5.00 | % | | 12/1/2023 | | BBB | | | 5,620 | | | | 5,892,289 | |
St Charles Parish - Valero Energy | | | 4.00 | %#(a) | | 12/1/2040 | | BBB | | | 550 | | | | 573,590 | |
Tuscaloosa IDA - Hunt Refining† | | | 4.50 | % | | 5/1/2032 | | NR | | | 1,955 | | | | 2,106,943 | |
Valparaiso Facs - Pratt Paper AMT | | | 5.875 | % | | 1/1/2024 | | NR | | | 265 | | | | 273,228 | |
Warren Co - Intl Paper | | | 2.90 | %#(a) | | 9/1/2032 | | BBB | | | 750 | | | | 792,578 | |
Whiting Env Facs - BP AMT | | | 5.00 | %#(a) | | 11/1/2045 | | A1 | | | 1,170 | | | | 1,268,760 | |
WI PFA - American Dream† | | | 6.50 | % | | 12/1/2037 | | NR | | | 2,000 | | | | 1,759,600 | |
WI PFA - Celanese AMT | | | 4.30 | % | | 11/1/2030 | | BBB- | | | 2,015 | | | | 2,171,989 | |
WI PFA - Celanese AMT | | | 5.00 | % | | 1/1/2024 | | BBB- | | | 1,500 | | | | 1,643,820 | |
WI PFA - Celanese AMT | | | 5.00 | % | | 12/1/2025 | | BBB- | | | 2,490 | | | | 2,827,619 | |
WI PFA - TRIPS AMT | | | 5.00 | % | | 7/1/2022 | | BBB+ | | | 240 | | | | 246,127 | |
WI Pub Fin Auth Solid - Waste Mgmt AMT | | | 2.00 | %#(a) | | 7/1/2029 | | A- | | | 1,500 | | | | 1,508,550 | |
Total | | | | | | | | | | | | | | | 112,340,257 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Education 6.11% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
AZ Edu Fac - Odyssey Prep† | | | 4.00 | % | | 7/1/2029 | | BB- | | $ | 500 | | | $ | 509,480 | |
AZ IDA - Academy of Math & Science Proj† | | | 5.00 | % | | 7/1/2029 | | BB | | | 750 | | | | 806,752 | |
CA Muni Fin - Julian Chtr Sch† | | | 5.00 | % | | 3/1/2025 | | B+ | | | 570 | | | | 576,110 | |
CA Muni Fin Auth- William Jessup U | | | 5.00 | % | | 8/1/2024 | | NR | | | 735 | | | | 778,857 | |
CA Muni Fin Auth- William Jessup U | | | 5.00 | % | | 8/1/2027 | | NR | | | 100 | | | | 107,772 | |
Cap Trust Ed Facs - Advantage Charter Scho | | | 4.00 | % | | 12/15/2024 | | Baa3 | | | 435 | | | | 457,877 | |
Cap Trust Ed Facs - Advantage Charter Scho | | | 5.00 | % | | 12/15/2029 | | Baa3 | | | 400 | | | | 446,532 | |
Cap Trust Ed Facs - Renaissance CharterAdvantage Academy of Hillsborough, Inc.† | | | 4.00 | % | | 6/15/2029 | | NR | | | 1,000 | | | | 1,016,420 | |
Chester Co Hlth & Ed - Immaculata Univ | | | 5.00 | % | | 11/1/2022 | | BB- | (c) | | 630 | | | | 609,279 | (d) |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2022 | | BB- | | | 1,500 | | | | 1,560,750 | |
Clifton Higher Ed - Intl Ldrshp Sch | | | 4.625 | % | | 8/15/2025 | | NR | | | 100 | | | | 105,848 | |
CT Ed Facs - Univ of Hartford | | | 5.00 | % | | 7/1/2029 | | BBB- | | | 925 | | | | 1,041,689 | |
FL HI Ed - Jacksonville Univ† | | | 4.50 | % | | 6/1/2033 | | NR | | | 1,500 | | | | 1,438,860 | |
FL Hi Ed - Saint Leo Univ | | | 5.00 | % | | 3/1/2029 | | BBB- | | | 1,635 | | | | 1,873,187 | |
Frederick Co Ed Fac - Mount St Mary’s Univ† | | | 5.00 | % | | 9/1/2027 | | BB+ | | | 2,250 | | | | 2,411,977 | |
IL Fin Auth - IL Inst of Tech | | | 5.00 | % | | 9/1/2023 | | Baa3 | | | 500 | | | | 541,005 | |
IL Fin Auth - IL Inst of Tech | | | 5.00 | % | | 9/1/2024 | | Baa3 | | | 500 | | | | 550,975 | |
IL Fin Auth - IL Inst of Tech | | | 5.00 | % | | 9/1/2025 | | Baa3 | | | 600 | | | | 671,052 | |
IL Fin Auth - IL Inst of Tech | | | 5.00 | % | | 9/1/2026 | | Baa3 | | | 750 | | | | 847,965 | |
MA DFA - Emerson Clg | | | 5.00 | % | | 1/1/2024 | | BBB+ | | | 500 | | | | 554,435 | |
Marietta Dev Auth - Life Univ† | | | 5.00 | % | | 11/1/2027 | | Ba3 | | | 2,000 | | | | 2,114,920 | |
Multnomah Co Hsp Facs - Mirabella | | | 5.00 | % | | 10/1/2024 | | NR | | | 200 | | | | 205,382 | |
NY Dorm - Pace Univ | | | 4.00 | % | | 5/1/2022 | | BBB- | | | 245 | | | | 255,562 | |
NY Dorm - Pace Univ | | | 5.00 | % | | 5/1/2021 | | BBB- | | | 530 | | | | 544,978 | |
NY Dorm - Yeshiva Univ | | | 4.00 | % | | 11/1/2025 | | B3 | | | 175 | | | | 176,621 | |
NY Dorm - Yeshiva Univ | | | 4.00 | % | | 11/1/2026 | | B3 | | | 145 | | | | 145,986 | |
NY Dorm - Yeshiva Univ | | | 5.00 | % | | 11/1/2021 | | B3 | | | 685 | | | | 703,070 | |
NY Dorm - Yeshiva Univ | | | 5.00 | % | | 9/1/2028 | | BBB- | | | 595 | | | | 595,595 | |
NYC IDA - Yankee Stadium (FGIC) | | | 2.429% (CPI Based | )# | | 3/1/2027 | | Baa1 | | | 2,235 | | | | 2,024,821 | |
OH Hgr Ed Facs - Dayton Univ (AMBAC) | | | 2.639% (CPI Based | )# | | 12/1/2022 | | A+ | | | 2,365 | | | | 2,351,922 | |
Pima IDA - American Leadership Acad† | | | 4.00 | % | | 6/15/2022 | | NR | | | 960 | | | | 962,016 | |
Total | | | | | | | | | | | | | | | 26,987,695 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Financial Services 1.18% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
MA Ed Fin Auth AMT | | | 5.00 | % | | 7/1/2025 | | AA | | $ | 2,000 | | | $ | 2,284,700 | |
NJ Higher Ed Assistance Auth AMT | | | 3.35 | % | | 12/1/2029 | | Aaa | | | 2,860 | | | | 2,946,858 | |
Total | | | | | | | | | | | | | | | 5,231,558 | |
| | | | | | | | | | | | | | | | |
General Obligation 10.00% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Academical Village CCD | | | 3.25 | % | | 5/1/2031 | | NR | | | 765 | | | | 749,723 | |
Academical Village CDD | | | 2.875 | % | | 5/1/2025 | | NR | | | 500 | | | | 500,230 | |
Allentown City SD(b) | | | 2.375 | % | | 3/31/2021 | | NR | | | 650 | | | | 650,071 | |
Atlantic City GO (BAM) | | | 5.00 | % | | 3/1/2022 | | AA | | | 245 | | | | 262,099 | |
Chicago Brd Ed | | | Zero Coupon | | | 12/1/2025 | | BB- | | | 1,000 | | | | 802,930 | |
Chicago Brd Ed | | | 4.00 | % | | 12/1/2020 | | BB- | | | 1,650 | | | | 1,657,078 | |
Chicago Brd Ed | | | 4.00 | % | | 12/1/2022 | | BB- | | | 1,175 | | | | 1,195,515 | |
Chicago Brd Ed | | | 4.00 | % | | 12/1/2022 | | BB- | | | 1,290 | | | | 1,312,523 | |
Chicago Brd Ed | | | 4.00 | % | | 12/1/2027 | | BB- | | | 500 | | | | 513,480 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2031 | | BB- | | | 120 | | | | 120,263 | |
Chicago Brd Ed | | | 5.00 | % | | 12/1/2034 | | BB- | | | 6,325 | | | | 6,805,131 | |
Chicago Brd Ed | | | 7.00 | % | | 12/1/2026 | | BB- | | | 100 | | | | 117,721 | |
Chicago Brd Ed (AGM) | | | 5.00 | % | | 12/1/2027 | | AA | | | 1,000 | | | | 1,162,340 | |
Chicago GO | | | 4.00 | % | | 1/1/2022 | | BBB+ | | | 205 | | | | 216,037 | |
Chicago GO | | | 5.00 | % | | 1/1/2024 | | BBB+ | | | 1,415 | | | | 1,450,163 | |
Chicago GO | | | 5.00 | % | | 1/1/2024 | | BBB+ | | | 2,930 | | | | 3,094,725 | |
Chicago GO | | | 5.25 | % | | 1/1/2022 | | BBB+ | | | 1,330 | | | | 1,369,155 | |
Chicago GO (NPFGC)(FGIC) | | | Zero Coupon | | | 1/1/2031 | | BBB+ | | | 1,585 | | | | 1,011,452 | |
Cook Co GO | | | 5.00 | % | | 11/15/2022 | | A+ | | | 335 | | | | 356,226 | |
Coralville GO | | | 4.50 | % | | 6/1/2032 | | BB+ | | | 1,215 | | | | 1,236,044 | (d) |
IL State GO | | | 5.00 | % | | 7/1/2020 | | BBB- | | | 790 | | | | 790,000 | |
IL State GO | | | 5.00 | % | | 7/1/2021 | | BBB- | | | 835 | | | | 854,597 | |
IL State GO | | | 5.00 | % | | 11/1/2021 | | BBB- | | | 3,300 | | | | 3,398,868 | |
IL State GO | | | 5.00 | % | | 11/1/2025 | | BBB- | | | 2,000 | | | | 2,166,380 | |
IL State GO | | | 5.00 | % | | 12/1/2026 | | BBB- | | | 3,000 | | | | 3,273,960 | |
IL State GO | | | 5.375 | % | | 5/1/2023 | | BBB- | | | 1,500 | | | | 1,595,205 | |
New Haven GO | | | 5.00 | % | | 8/1/2025 | | BBB+ | | | 580 | | | | 656,351 | |
Philadelphia Sch Dist | | | 5.00 | % | | 9/1/2025 | | A2 | | | 200 | | | | 238,892 | |
PR Comwlth GO(e) | | | 4.00 | % | | 7/1/2021 | | Ca | | | 920 | | | | 586,500 | |
PR Comwlth GO(e) | | | 5.00 | % | | 7/1/2041 | | Ca | | | 160 | | | | 100,800 | |
PR Comwlth GO(e) | | | 5.50 | % | | 7/1/2017 | | NR | | | 110 | | | | 74,663 | (d) |
PR Comwlth GO(e) | | | 5.50 | % | | 7/1/2019 | | NR | | | 265 | | | | 179,869 | (d) |
PR Comwlth GO (AGC) | | | 2.784% (CPI Based | )# | | 7/1/2020 | | AA | | | 325 | | | | 325,000 | |
PR Comwlth GO (NPFGC)(FGIC) | | | 5.50 | % | | 7/1/2020 | | Baa2 | | | 230 | | | | 230,000 | |
PR Comwlth GO TCRS (AMBAC) | | | 4.50 | % | | 7/1/2023 | | Ca | | | 670 | | | | 670,777 | |
PR Elec Pwr Auth (NPFGC)(FGIC) | | | 5.25 | % | | 7/1/2023 | | Baa2 | | | 2,325 | | | | 2,381,242 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
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 | | | $ | 1,561,155 | |
PR Pub Bldg Auth GTD(e) | | | 5.50 | % | | 7/1/2023 | | Ca | | | 55 | | | | 42,831 | |
PR Pub Bldg Auth GTD(e) | | | 5.50 | % | | 7/1/2027 | | Ca | | | 245 | | | | 200,594 | |
VT EDA - Casella Waste AMT† | | | 4.625 | %#(a) | | 4/1/2036 | | B | | | 250 | | | | 270,883 | (d) |
Total | | | | | | | | | | | | | | | 44,181,473 | |
| | | | | | | | | | | | | | | | |
Health Care 17.21% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Antelope Valley Hlth | | | 5.00 | % | | 3/1/2021 | | Ba3 | | | 55 | | | | 56,433 | |
Atlanta Dev Auth - Georgia Proton Ctr | | | 6.00 | % | | 1/1/2023 | | NR | | | 2,000 | | | | 1,665,860 | |
Berks Co IDA - Tower Hlth | | | 5.00 | % | | 2/1/2029 | | BBB+ | | | 500 | | | | 605,175 | |
Berks Co IDA - Tower Hlth | | | 5.00 | % | | 2/1/2030 | | BBB+ | | | 460 | | | | 563,546 | |
Berks Co IDA - Tower Hlth | | | 5.00 | % | | 2/1/2031 | | BBB+ | | | 400 | | | | 494,884 | |
Berks Co IDA - Tower Hlth | | | 5.00 | % | | 2/1/2032 | | BBB+ | | | 250 | | | | 311,542 | |
Berks Co IDA - Tower Hlth | | | 5.00 | %#(a) | | 2/1/2040 | | BBB+ | | | 1,710 | | | | 2,026,128 | |
Blaine Sr Hsg & Hlthcare - Crest View | | | 5.125 | % | | 7/1/2025 | | NR | | | 245 | | | | 230,621 | |
CA Stwde - Daughters of Charity | | | 5.50 | % | | 7/1/2022 | | NR | | | 105 | | | | 99,769 | |
CA Stwde - Daughters of Charity | | | 5.75 | % | | 7/1/2024 | | NR | | | 655 | | | | 606,091 | |
CA Stwde - Loma Linda Univ Med† | | | 5.00 | % | | 12/1/2031 | | BB- | | | 1,000 | | | | 1,108,920 | |
CA Stwde - Loma Linda Univ Med Ctr† | | | 5.00 | % | | 12/1/2025 | | BB- | | | 1,200 | | | | 1,313,076 | |
CA Stwde - Loma Linda Univ Med Ctr† | | | 5.00 | % | | 12/1/2026 | | BB- | | | 1,070 | | | | 1,217,895 | |
CA Stwde - Loma Linda Univ Med Ctr† | | | 5.00 | % | | 12/1/2028 | | BB- | | | 835 | | | | 935,910 | |
CA Stwde - Loma Linda Univ Med Ctr | | | 5.25 | % | | 12/1/2029 | | BB- | | | 2,000 | | | | 2,207,560 | |
Calcasieu Parish Hsp - Lake Charles Mem | | | 5.00 | % | | 12/1/2027 | | BB+ | | | 500 | | | | 598,690 | |
Calcasieu Parish Hsp - Lake Charles Mem | | | 5.00 | % | | 12/1/2034 | | BB+ | | | 1,000 | | | | 1,136,740 | |
Calcasieu Parish Hsp Rev- Lake Charles Mem | | | 5.00 | % | | 12/1/2028 | | BB+ | | | 1,600 | | | | 1,932,128 | |
City of Atlantic Beach Fl - Fleet Landing | | | 3.00 | % | | 11/15/2023 | | BBB | (c) | | 1,000 | | | | 1,000,040 | |
City of Oroville- Oroville Hsp | | | 5.00 | % | | 4/1/2026 | | BB | | | 1,255 | | | | 1,365,289 | |
City of Oroville- Oroville Hsp | | | 5.00 | % | | 4/1/2029 | | BB | | | 900 | | | | 989,037 | |
CT Hlth & Ed - Griffin Hosp† | | | 5.00 | % | | 7/1/2032 | | BB+ | | | 740 | | | | 846,242 | |
Cuyahoga Co Hsp - Metrohealth | | | 5.00 | % | | 2/15/2023 | | BBB- | | | 1,500 | | | | 1,625,115 | |
Cuyahoga Co Hsp - Metrohealth | | | 5.00 | % | | 2/15/2028 | | BBB- | | | 500 | | | | 576,145 | |
Cuyahoga Co Hsp - Metrohealth | | | 5.00 | % | | 2/15/2030 | | BBB- | | | 1,900 | | | | 2,172,574 | |
Dev Auth of Floyd Cnty - Spires at Berry | | | 5.50 | % | | 12/1/2028 | | NR | | | 1,000 | | | | 938,370 | |
Franklin Co IDA - Menno-Haven | | | 5.00 | % | | 12/1/2026 | | NR | | | 500 | | | | 509,310 | |
Fruita CO Hlth - Canyons Hosp & Med Centr† | | | 5.375 | % | | 1/1/2033 | | NR | | | 2,000 | | | | 2,234,600 | |
Fulton Co - Canterbury Court† | | | 3.00 | % | | 4/1/2024 | | NR | | | 2,025 | | | | 1,925,937 | |
Fulton Co Med Ctr | | | 4.00 | % | | 7/1/2028 | | NR | | | 100 | | | | 105,580 | (d) |
Glendale IDA - Beatitudes | | | 4.00 | % | | 11/15/2027 | | NR | | | 385 | | | | 385,192 | |
Glendale IDA - Beatitudes | | | 5.00 | % | | 11/15/2023 | | NR | | | 1,715 | | | | 1,784,389 | |
Guadalupe Co - Seguin City Hospital | | | 4.00 | % | | 12/1/2026 | | BB | | | 350 | | | | 377,846 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
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 | | | 5.00 | % | | 12/1/2022 | | BB | | $ | 250 | | | $ | 269,923 | |
Guadalupe Co - Seguin City Hospital | | | 5.00 | % | | 12/1/2023 | | BB | | | 1,280 | | | | 1,418,675 | |
Howard Co Retmt Cmnty - Vantage House | | | 5.00 | % | | 4/1/2021 | | NR | | | 90 | | | | 90,684 | |
Howard Co Retmt Cmnty - Vantage House | | | 5.00 | % | | 4/1/2021 | | NR | | | 164 | | | | 165,246 | |
IA Fin Auth - Lifespace | | | 2.875 | % | | 5/15/2049 | | BBB | (c) | | 500 | | | | 485,235 | |
ID HFA - Madison Mem Hosp | | | 5.00 | % | | 9/1/2023 | | BB+ | | | 1,795 | | | | 1,980,316 | |
ID HFA - Madison Mem Hosp | | | 5.00 | % | | 9/1/2029 | | BB+ | | | 710 | | | | 822,791 | |
IL Fin Auth - Plymouth Place | | | 5.00 | % | | 5/15/2025 | | BB+ | (c) | | 125 | | | | 128,005 | |
IL Fin Auth - Three Crowns Park | | | 3.25 | % | | 2/15/2022 | | NR | | | 255 | | | | 246,825 | |
Illinois Finance Authority | | | 5.00 | % | | 11/1/2028 | | NR | | | 1,745 | | | | 1,814,783 | |
King Co Pub Hsp - Snoqualmie Vly Hsp | | | 5.00 | % | | 12/1/2025 | | NR | | | 100 | | | | 106,955 | |
Kirkwood IDA - Aberdeen Hts | | | 5.00 | % | | 5/15/2022 | | BB | (c) | | 800 | | | | 811,352 | |
Kirkwood IDA - Aberdeen Hts | | | 5.25 | % | | 5/15/2028 | | BB | (c) | | 1,135 | | | | 1,176,620 | |
Lenexa KS Hlth Facs - Lakeview Village | | | 5.00 | % | | 5/15/2024 | | BB+ | (c) | | 1,895 | | | | 2,000,476 | |
MA Hlth & Edu Facs - Trinity Hlth | | | 1.083% (3 Mo. LIBOR * .67 + .82 | %)# | | 11/15/2032 | | AA- | | | 1,755 | | | | 1,722,445 | |
MD Hlth & HI Ed - Adventist | | | 5.00 | % | | 1/1/2021 | | Baa3 | | | 600 | | | | 609,792 | |
ME Hlth & Hi Ed - MaineGeneral Hlth | | | 7.50 | % | | 7/1/2032 | | Ba3 | | | 475 | | | | 494,152 | |
Mesquite Hlth - Christian Care Ctrs | | | 5.00 | % | | 2/15/2026 | | BB- | (c) | | 1,000 | | | | 941,910 | |
Montgomery Co IDA - Einstein Hlthcare | | | 5.00 | % | | 1/15/2022 | | Ba1 | | | 250 | | | | 260,680 | |
Montgomery Co IDA - Trinity Health | | | 1.093% (3 Mo. LIBOR * .67 + .83 | %)# | | 11/15/2034 | | AA- | | | 1,400 | | | | 1,363,768 | |
Muskingum Co Hsp - Genesis Hlthcare | | | 4.00 | % | | 2/15/2023 | | BB+ | | | 1,500 | | | | 1,591,635 | |
Muskingum Co Hsp - Genesis Hlthcare | | | 5.00 | % | | 2/15/2021 | | BB+ | | | 275 | | | | 280,753 | |
New Hope Cult Ed Facs - Carillon | | | 3.00 | % | | 7/1/2020 | | NR | | | 585 | | | | 585,000 | |
New Hope Cultural - Wesleyan Homes | | | 3.00 | % | | 1/1/2024 | | NR | | | 280 | | | | 260,193 | |
New Hope Cultural - Wesleyan Homes | | | 4.00 | % | | 1/1/2029 | | NR | | | 470 | | | | 423,244 | |
NJ Hlth - St Peters Univ Hsp | | | 5.00 | % | | 7/1/2021 | | BB+ | | | 225 | | | | 229,968 | |
NJ Hlth - St Peters Univ Hsp | | | 5.75 | % | | 7/1/2037 | | BB+ | | | 810 | | | | 812,495 | |
Norfolk Redev & Hsg Auth - Harbor’s Edge | | | 4.00 | % | | 1/1/2025 | | NR | | | 1,650 | | | | 1,643,284 | |
NY Dorm - Orange Reg Med Ctr† | | | 5.00 | % | | 12/1/2022 | | BBB- | | | 200 | | | | 217,278 | |
NY Dorm - Orange Reg Med Ctr† | | | 5.00 | % | | 12/1/2022 | | BBB- | | | 500 | | | | 543,195 | |
Oconee CO IDA - Westminster Pres Vlg Proj | | | 5.50 | % | | 12/1/2028 | | NR | | | 2,000 | | | | 1,885,400 | |
OK DFA - OU Med | | | 5.00 | % | | 8/15/2029 | | Baa3 | | | 475 | | | | 565,858 | |
OU MedOK DFA OK DFA - OU Med | | | 5.00 | % | | 8/15/2024 | | Baa3 | | | 1,400 | | | | 1,566,488 | |
Palomar Health | | | 5.00 | % | | 11/1/2031 | | BBB | | | 750 | | | | 878,812 | (d) |
Philadelphia Hsps - Temple Univ Hlth | | | 5.00 | % | | 7/1/2023 | | BBB- | | | 1,000 | | | | 1,092,240 | |
Philadelphia Hsps - Temple Univ Hlth | | | 5.00 | % | | 7/1/2029 | | BBB- | | | 2,185 | | | | 2,522,539 | |
Roanoke Co EDA - Richfield Living II | | | 4.30 | % | | 9/1/2030 | | NR | | | 770 | | | | 727,996 | (d) |
San Buenaventura - Cmnty Mem Hlth | | | 8.00 | % | | 12/1/2026 | | BB | | | 875 | | | | 945,079 | |
San Buenaventura - Cmnty Mem Hlth | | | 8.00 | % | | 12/1/2031 | | BB | | | 670 | | | | 718,649 | |
SC Jobs EDA - Hampton Regl Med | | | 5.00 | % | | 11/1/2021 | | NR | | | 670 | | | | 704,002 | |
SC Jobs EDA - Hampton Regl Med | | | 5.00 | % | | 11/1/2022 | | NR | | | 700 | | | | 760,494 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
SC Jobs EDA - Hampton Regl Med | | | 5.00 | % | | 11/1/2023 | | NR | | $ | 740 | | | $ | 825,574 | |
SE Port Auth - Memorial Hlth | | | 5.00 | % | | 12/1/2022 | | BB- | (c) | | 250 | | | | 262,110 | |
SE Port Auth - Memorial Hlth | | | 5.00 | % | | 12/1/2023 | | BB- | (c) | | 100 | | | | 111,045 | |
SE Port Auth - Memorial Hlth | | | 5.50 | % | | 12/1/2029 | | BB- | (c) | | 1,000 | | | | 1,059,390 | |
Seminole Co - Legacy Pointe | | | 5.00 | % | | 11/15/2029 | | NR | | | 1,000 | | | | 959,460 | |
Shelby Co - Farms at Bailey Station | | | 4.00 | % | | 12/1/2026 | | NR | | | 630 | | | | 597,429 | |
Tarrant Co Cultural - Buckingham(e) | | | 4.50 | % | | 11/15/2021 | | NR | | | 695 | | | | 451,750 | |
Tulsa Co Industrial Auth - Montereau | | | 5.00 | % | | 11/15/2023 | | BBB- | (c) | | 230 | | | | 238,864 | |
Wesley Enhanced Living & Sub Organizations | | | 5.00 | % | | 7/1/2031 | | BB | (c) | | 200 | | | | 200,350 | |
WI Hlth & Ed - American Baptist | | | 3.50 | % | | 8/1/2022 | | NR | | | 545 | | | | 531,010 | |
WI Hlth & Ed - American Baptist | | | 4.375 | % | | 8/1/2027 | | NR | | | 225 | | | | 213,984 | |
WI Hlth Fac Auth - St. Camillus | | | 5.00 | % | | 11/1/2026 | | NR | | | 355 | | | | 371,227 | |
WI Hlth Fac Auth - St. Camillus | | | 5.00 | % | | 11/1/2027 | | NR | | | 375 | | | | 392,535 | |
Total | | | | | | | | | | | | | | | 76,026,597 | |
| | | | | | | | | | | | | | | | |
Housing 2.71% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA HFA - MFH | | | 4.00 | % | | 3/20/2033 | | BBB+ | | | 844 | | | | 905,733 | |
CA Stwde - College of the Arts Student Hsg† | | | 5.00 | % | | 7/1/2024 | | BB+ | | | 500 | | | | 515,405 | |
Ca Stwde - Lancer Student Hsg† | | | 3.00 | % | | 6/1/2029 | | NR | | | 750 | | | | 693,150 | |
MD EDC - Bowie State Std Hsg | | | 4.00 | % | | 7/1/2028 | | BBB- | | | 200 | | | | 211,356 | |
MD EDC - Bowie State Std Hsg | | | 4.00 | % | | 7/1/2029 | | BBB- | | | 270 | | | | 285,471 | |
MD EDC - Bowie State Std Hsg | | | 4.00 | % | | 7/1/2030 | | BBB- | | | 280 | | | | 294,468 | |
MD EDC - Bowie State Std Hsg | | | 4.00 | % | | 7/1/2031 | | BBB- | | | 290 | | | | 302,824 | |
MD EDC - Bowie State Std Hsg | | | 4.00 | % | | 7/1/2032 | | BBB- | | | 300 | | | | 311,049 | |
Montgomery Co Hsg | | | 4.00 | % | | 7/1/2048 | | Aa2 | | | 695 | | | | 752,748 | |
NC State Hsg Fin Agy | | | 4.00 | % | | 7/1/2047 | | AA+ | | | 735 | | | | 794,770 | |
NJ Hsg and Mtg Fin Auth | | | 4.50 | % | | 10/1/2048 | | AA | | | 1,235 | | | | 1,379,742 | |
NYC HDC | | | 2.85 | % | | 11/1/2031 | | AA+ | | | 1,215 | | | | 1,280,525 | |
NYC IDA - Yankee Stadium (FGIC) | | | 1.187% (CPI Based | )# | | 3/1/2021 | | Baa1 | | | 655 | | | | 650,887 | |
PA Hsg Fin Auth AMT | | | 4.00 | % | | 4/1/2039 | | AA+ | | | 675 | | | | 712,327 | |
Phoenix IDA - ASU Std Hsg | | | 5.00 | % | | 7/1/2026 | | Baa3 | | | 640 | | | | 695,859 | |
Phoenix IDA - ASU Std Hsg | | | 5.00 | % | | 7/1/2028 | | Baa3 | | | 240 | | | | 264,221 | |
Phoenix IDA - ASU Std Hsg | | | 5.00 | % | | 7/1/2029 | | Baa3 | | | 300 | | | | 331,791 | |
Phoenix IDA - ASU Std Hsg | | | 5.00 | % | | 7/1/2030 | | Baa3 | | | 225 | | | | 247,212 | |
Roanoke Co EDA - Richfield Living | | | 4.75 | % | | 9/1/2029 | | NR | | | 1,335 | | | | 1,321,249 | (d) |
Total | | | | | | | | | | | | | | | 11,950,787 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Lease Obligations 4.26% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Aviation Station North Met Dist | | | 4.00 | % | | 12/1/2029 | | NR | | $ | 500 | | | $ | 489,040 | |
KY Ppty & Bldgs Commn - Proj #112 | | | 5.00 | % | | 11/1/2024 | | A1 | | | 1,000 | | | | 1,144,880 | |
NJ EDA - Sch Facs | | 1.38% (MUNIPSA * 1 + 1.25 | %)# | | 9/1/2025 | | BBB+ | | | 2,030 | | | | 1,959,762 | |
NJ EDA - Sch Facs | | 1.68% (MUNIPSA * 1 + 1.55 | %)# | | 9/1/2027 | | BBB+ | | | 430 | | | | 416,399 | (d) |
NJ EDA - Sch Facs | | | 5.00 | % | | 3/1/2023 | | BBB+ | | | 2,005 | | | | 2,145,470 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2023 | | BBB+ | | | 3,415 | | | | 3,677,716 | |
NJ EDA - Sch Facs | | | 5.50 | % | | 9/1/2021 | | BBB+ | | | 320 | | | | 326,848 | |
NJ Trans Trust Fund | | | 4.00 | % | | 12/15/2031 | | BBB+ | | | 3,220 | | | | 3,419,061 | |
NJ Trans Trust Fund | | | 5.00 | % | | 12/15/2023 | | BBB+ | | | 1,000 | | | | 1,088,330 | |
NJ Trans Trust Fund | | | 5.00 | % | | 12/15/2026 | | BBB+ | | | 3,325 | | | | 3,782,088 | |
PA COPS | | | 5.00 | % | | 7/1/2024 | | A | | | 300 | | | | 350,280 | |
Total | | | | | | | | | | | | | | | 18,799,874 | |
| | | | | | | | | | | | | | | | |
Other Revenue 6.84% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Arlington Hi Ed Fin Corp - Newman Intl Acad | | | 4.375 | % | | 8/15/2026 | | NR | | | 285 | | | | 299,284 | |
AZ IDA - Academy of Math & Science† | | | 4.00 | % | | 7/1/2029 | | BB | | | 400 | | | | 402,996 | |
AZ IDA - Basis Schools† | | | 5.00 | % | | 7/1/2026 | | BB | | | 500 | | | | 547,615 | |
Brooklyn Arena LDC - Barclays Ctr | | | 5.00 | % | | 7/15/2027 | | Ba1 | | | 2,000 | | | | 2,204,580 | |
CA Sch Fin Auth - Green Dot Charter† | | | 5.00 | % | | 8/1/2025 | | BBB- | | | 150 | | | | 171,528 | |
CA Sch Fin Auth - Green Dot Charter† | | | 5.00 | % | | 8/1/2026 | | BBB- | | | 150 | | | | 174,191 | |
CA Sch Fin Auth - Green Dot Charter† | | | 5.00 | % | | 8/1/2027 | | BBB- | | | 160 | | | | 188,374 | |
Cap Trust Agy - Franklin Academy† | | | 4.00 | % | | 12/15/2023 | | NR | | | 370 | | | | 382,661 | |
Cap Trust Agy - Franklin Academy† | | | 4.00 | % | | 12/15/2024 | | NR | | | 385 | | | | 399,953 | |
Cap Trust Agy - Franklin Academy† | | | 4.00 | % | | 12/15/2025 | | NR | | | 300 | | | | 312,222 | |
Cap Trust Agy - Franklin Academy† | | | 5.00 | % | | 12/15/2026 | | NR | | | 300 | | | | 328,044 | |
Cap Trust Agy - Franklin Academy† | | | 5.00 | % | | 12/15/2027 | | NR | | | 330 | | | | 358,964 | |
Cap Trust Agy - Franklin Academy† | | | 5.00 | % | | 12/15/2028 | | NR | | | 345 | | | | 374,104 | |
Cap Trust Agy - Franklin Academy† | | | 5.00 | % | | 12/15/2029 | | NR | | | 365 | | | | 394,346 | |
Chester Co IDA - Collegium Charter Sch | | | 3.70 | % | | 10/15/2022 | | BB | | | 1,000 | | | | 1,005,820 | |
Cleveland Co Port Auth - Playhouse Sq | | | 5.00 | % | | 12/1/2028 | | BB+ | | | 1,700 | | | | 1,756,678 | |
Clifton Higher Ed - Intl Ldrshp Sch | | | 5.25 | % | | 8/15/2026 | | NR | | | 1,600 | | | | 1,786,512 | |
Clifton Higher Ed - Intl Ldrshp Sch | | | 5.25 | % | | 8/15/2028 | | NR | | | 3,040 | | | | 3,362,270 | |
FL DFC - FL Charter Foundation† | | | 4.00 | % | | 7/15/2026 | | NR | | | 655 | | | | 664,982 | |
FL DFC - Renaissance Chtr Sch† | | | 5.00 | % | | 6/15/2025 | | NR | | | 120 | | | | 124,512 | |
FL DFC - Renaissance Chtr Sch | | | 7.00 | % | | 6/15/2026 | | NR | | | 1,610 | | | | 1,709,498 | |
FL DFC - Renaissance Chtr Sch | | | 7.625 | % | | 6/15/2041 | | NR | | | 250 | | | | 266,935 | |
Florence Twn IDA - Legacy Trad Sch | | | 5.00 | % | | 7/1/2023 | | Ba2 | | | 130 | | | | 134,814 | |
Houston Hi Ed - Cosmos Fndtn | | | 4.00 | % | | 2/15/2022 | | BBB | | | 265 | | | | 274,492 | |
Houston Hi Ed - Cosmos Fndtn | | | 5.875 | % | | 5/15/2021 | | BBB | | | 150 | | | | 157,296 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Other Revenue (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Jefferson Parish Econ Dev Dist - Kenner† | | | 4.80 | % | | 6/15/2029 | | NR | | $ | 2,000 | | | $ | 2,088,640 | |
Lowndes Co Poll Ctl - Weyerhaeuser | | | 6.80 | % | | 4/1/2022 | | BBB | | | 3,320 | | | | 3,649,577 | |
Main St Nat Gas - Macquarie | | | 5.00 | % | | 5/15/2026 | | A3 | | | 1,000 | | | | 1,176,240 | |
Main St Nat Gas - Ml | | | 5.00 | % | | 3/15/2022 | | A2 | | | 1,050 | | | | 1,113,746 | |
Maricopa Co - Legacy Schools† | | | 4.00 | % | | 7/1/2029 | | Ba2 | | | 500 | | | | 517,590 | |
Maricopa Co IDA - Paradise Schools† | | | 2.875 | % | | 7/1/2021 | | BB+ | | | 130 | | | | 129,828 | |
MD EDC - Chesapeake Bay Hyatt(e) | | | 5.00 | % | | 12/1/2031 | | NR | | | 1,500 | | | | 900,000 | (d) |
Phoenix IDA - Basis Schs† | | | 3.00 | % | | 7/1/2020 | | BB | | | 60 | | | | 60,000 | |
Phoenix IDA - Legacy Tradtl Schs† | | | 3.00 | % | | 7/1/2020 | | Ba2 | | | 95 | | | | 95,000 | |
Salt Verde Fin Corp - Citi | | | 5.25 | % | | 12/1/2023 | | A3 | | | 235 | | | | 265,740 | |
TX Muni Gas Acq & Supply - Macquarie | | | 5.00 | % | | 12/15/2022 | | A3 | | | 1,715 | | | | 1,861,976 | |
TX Muni Gas Acq & Supply - Macquarie | | | 5.00 | % | | 12/15/2027 | | A3 | | | 250 | | | | 268,163 | |
UT Charter Sch Fin Auth - Freedom Academy† | | | 3.625 | % | | 6/15/2021 | | NR | | | 140 | | | | 140,893 | |
Yonkers EDC - Charter Sch Ed Excellence | | | 6.00 | % | | 10/15/2030 | | BB | | | 165 | | | | 166,573 | |
Total | | | | | | | | | | | | | | | 30,216,637 | |
| | | | | | | | | | | | | | | | |
Special Tax 3.83% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Allentown Neighborhood Impt† | | | 5.00 | % | | 5/1/2022 | | Ba3 | | | 1,060 | | | | 1,096,570 | |
Allentown Neighborhood Impt† | | | 5.00 | % | | 5/1/2023 | | Ba3 | | | 190 | | | | 199,703 | |
Allentown Neighborhood Impt† | | | 5.00 | % | | 5/1/2028 | | NR | | | 1,820 | | | | 1,931,147 | |
Allentown Neighborhood Impt† | | | 5.00 | % | | 5/1/2032 | | Ba3 | | | 2,000 | | | | 2,080,780 | |
Allentown Neighborhood Impt† | | | 5.00 | % | | 5/1/2033 | | Ba3 | | | 100 | | | | 104,201 | |
Berkeley Co - Nexton Imp Dist | | | 4.00 | % | | 11/1/2030 | | NR | | | 425 | | | | 422,845 | |
Celebration Pointe CDD† | | | 4.00 | % | | 5/1/2022 | | NR | | | 175 | | | | 177,258 | |
MD Special Tax - Brunswick Crossing | | | 3.00 | % | | 7/1/2024 | | NR | | | 880 | | | | 869,211 | |
MD Special Tax - Brunswick Crossing | | | 4.00 | % | | 7/1/2029 | | NR | | | 275 | | | | 275,839 | |
North Las Vegas Special Improv Dist - Vall | | | 3.50 | % | | 6/1/2023 | | NR | | | 110 | | | | 109,902 | |
North Las Vegas Special Improv Dist - Vall | | | 3.50 | % | | 6/1/2024 | | NR | | | 120 | | | | 119,551 | |
North Las Vegas Special Improv Dist - Vall | | | 3.75 | % | | 6/1/2025 | | NR | | | 150 | | | | 150,350 | |
Nthrn Palm Bch Co Impt Dist | | | 3.25 | % | | 8/1/2022 | | NR | | | 580 | | | | 584,193 | |
Nthrn Palm Bch Co Impt Dist | | | 5.00 | % | | 8/1/2037 | | NR | | | 750 | | | | 818,295 | |
NYC IDA - Yankee Stadium (FGIC) | | | 2.409% (CPI Based | )# | | 3/1/2025 | | Baa1 | | | 1,360 | | | | 1,281,950 | |
NYC IDA - Yankee Stadium (NPFGC)(FGIC) | | | 2.419% (CPI Based | )# | | 3/1/2026 | | Baa1 | | | 1,200 | | | | 1,110,276 | |
Peninsula Town Center† | | | 4.00 | % | | 9/1/2023 | | NR | | | 220 | | | | 219,344 | |
Peninsula Town Center† | | | 4.50 | % | | 9/1/2028 | | NR | | | 680 | | | | 688,269 | |
River Islands PFA - CFD 2003 | | | 5.375 | % | | 9/1/2031 | | NR | | | 1,000 | | | | 1,080,160 | |
Scranton RDA GTD | | | 5.00 | % | | 11/15/2021 | | BB+ | | | 905 | | | | 906,367 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Special Tax (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Scranton RDA GTD | | | 5.00 | % | | 11/15/2028 | | BB+ | | $ | 255 | | | $ | 247,687 | |
Southlands Met Dist #1 | | | 3.00 | % | | 12/1/2022 | | Ba1 | | | 92 | | | | 92,052 | |
Village CDD #12 | | | 2.875 | % | | 5/1/2021 | | NR | | | 165 | | | | 166,044 | |
Village CDD #12† | | | 3.25 | % | | 5/1/2023 | | NR | | | 500 | | | | 506,740 | |
Village CDD #13 | | | 3.55 | % | | 5/1/2039 | | NR | | | 750 | | | | 754,508 | |
West Villages Unit #7 | | | 4.00 | % | | 5/1/2024 | | NR | | | 400 | | | | 407,516 | |
West Villages Unit #7 | | | 4.25 | % | | 5/1/2029 | | NR | | | 500 | | | | 524,110 | |
Total | | | | | | | | | | | | | | | 16,924,868 | |
| | | | | | | | | | | | | | | | |
Tax Revenue 2.77% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
American Samoa GO† | | | 6.50 | % | | 9/1/2028 | | Ba3 | | | 1,000 | | | | 1,214,690 | |
Casino Reinv Dev Auth | | | 5.00 | % | | 11/1/2020 | | BBB+ | | | 520 | | | | 523,760 | |
Casino Reinv Dev Auth | | | 5.00 | % | | 11/1/2022 | | BBB+ | | | 350 | | | | 366,464 | |
City of Sparks - Legends at Sparks Marina† | | | 2.50 | % | | 6/15/2024 | | Ba2 | | | 135 | | | | 132,698 | |
City of Sparks - Legends at Sparks Marina† | | | 2.75 | % | | 6/15/2028 | | Ba2 | | | 1,300 | | | | 1,248,572 | |
Met Pier & Expo Auth - McCormick Place | | | 5.00 | % | | 12/15/2020 | | BBB | | | 840 | | | | 847,325 | |
Met Pier & Expo Auth - McCormick Place | | | 5.00 | % | | 12/15/2022 | | BBB | | | 1,275 | | | | 1,332,847 | |
Met Pier & Expo Auth - McCormick Place (NPFGC) (FGIC) | | | 5.50 | % | | 12/15/2023 | | BBB | | | 375 | | | | 402,240 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2029 | | NR | | | 2,983 | | | | 2,280,861 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2031 | | NR | | | 591 | | | | 416,832 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2033 | | NR | | | 48 | | | | 31,089 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2051 | | NR | | | 55 | | | | 11,233 | |
PR Corp Sales Tax | | | 4.329 | % | | 7/1/2040 | | NR | | | 27 | | | | 27,193 | |
PR Corp Sales Tax | | | 4.50 | % | | 7/1/2034 | | NR | | | 3,178 | | | | 3,318,054 | |
PR Corp Sales Tax | | | 4.536 | % | | 7/1/2053 | | NR | | | 1 | | | | 1,016 | |
PR Corp Sales Tax | | | 4.55 | % | | 7/1/2040 | | NR | | | 3 | | | | 3,066 | |
PR Corp Sales Tax | | | 4.75 | % | | 7/1/2053 | | NR | | | 19 | | | | 19,573 | |
PR Corp Sales Tax | | | 4.784 | % | | 7/1/2058 | | NR | | | 11 | | | | 11,369 | |
PR Corp Sales Tax | | | 5.00 | % | | 7/1/2058 | | NR | | | 49 | | | | 51,354 | |
Total | | | | | | | | | | | | | | | 12,240,236 | |
| | | | | | | | | | | | | | | | |
Tobacco 3.29% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Golden St Tobacco | | | 5.30 | % | | 6/1/2037 | | B- | | | 840 | | | | 865,511 | |
MI Tob Settlement | | | 5.125 | % | | 6/1/2022 | | B- | | | 1,345 | | | | 1,346,385 | |
MI Tob Settlement | | | 5.25 | % | | 6/1/2022 | | B- | | | 25 | | | | 25,027 | |
Nassau Co Tobacco | | | 5.25 | % | | 6/1/2026 | | B- | | | 1,540 | | | | 1,539,969 | |
PA Tob Settlement | | | 5.00 | % | | 6/1/2023 | | A1 | | | 760 | | | | 849,171 | |
San Diego Tobacco Settlement | | | 4.00 | % | | 6/1/2032 | | BBB | | | 95 | | | | 95,175 | |
SD Edu Enhancement Fding Corp | | | 5.00 | % | | 6/1/2024 | | A | | | 775 | | | | 865,458 | |
Suffolk Tobacco Asset Sec Corp | | | 5.375 | % | | 6/1/2028 | | NR | | | 3,575 | | | | 3,581,292 | |
Tobacco Settlement Fin Corp NJ | | | 3.20 | % | | 6/1/2027 | | BBB | | | 735 | | | | 748,112 | |
TSASC | | | 5.00 | % | | 6/1/2022 | | BBB | | | 4,400 | | | | 4,606,888 | |
Total | | | | | | | | | | | | | | | 14,522,988 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation 7.95% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Central TX Mobility Auth | | | 5.00 | % | | 1/1/2027 | | A- | | $ | 1,285 | | | $ | 1,448,375 | |
Houston Arpt - Continental Airlines AMT | | | 4.50 | % | | 7/1/2020 | | BB- | | | 1,600 | | | | 1,600,000 | |
Houston Arpt - Continental Airlines AMT | | | 4.75 | % | | 7/1/2024 | | BB- | | | 3,405 | | | | 3,469,797 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/15/2020 | | BB- | | | 1,000 | | | | 1,001,650 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/1/2027 | | BB- | (c) | | 1,090 | | | | 1,135,682 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/15/2027 | | BB- | (c) | | 1,000 | | | | 1,028,030 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/15/2027 | | BB- | (c) | | 1,800 | | | | 1,875,780 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/15/2028 | | BB- | | | 1,000 | | | | 1,037,270 | |
Houston Arpt - United Airlines AMT | | | 5.00 | % | | 7/15/2035 | | BB- | | | 2,450 | | | | 2,479,277 | |
MD EDC - CNX Marine Terminals | | | 5.75 | % | | 9/1/2025 | | BB- | | | 4,500 | | | | 4,523,895 | |
MTA NY | | | 5.00 | %#(a) | | 11/15/2045 | | A2 | | | 1,400 | | | | 1,615,614 | |
NJ EDA - Port Newark AMT | | | 5.00 | % | | 10/1/2021 | | Ba1 | | | 1,250 | | | | 1,292,162 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2022 | | Baa3 | | | 500 | | | | 519,840 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2024 | | Baa3 | | | 1,000 | | | | 1,055,520 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2030 | | Baa3 | | | 1,145 | | | | 1,228,677 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2036 | | Baa3 | | | 5,000 | | | | 5,362,050 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | | 4.00 | % | | 7/1/2032 | | Baa3 | | | 730 | | | | 759,689 | |
NY Trans Dev Corp - TOGA AMT | | | 5.00 | % | | 1/1/2023 | | Baa3 | | | 1,000 | | | | 1,036,700 | |
Osceola Parkway | | | 5.00 | % | | 10/1/2029 | | BBB+ | | | 450 | | | | 571,082 | |
PR Hwy & Trans Auth (AGC) | | | 4.00 | % | | 7/1/2020 | | AA | | | 225 | | | | 225,000 | |
PR Hwy & Trans Auth (AMBAC) | | | 3.455% (CPI Based | )# | | 7/1/2028 | | C | | | 1,980 | | | | 1,821,600 | (d) |
Total | | | | | | | | | | | | | | | 35,087,690 | |
| | | | | | | | | | | | | | | | |
Utilities 8.69% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Burke Co Dev - Oglethorpe Power | | | 3.00 | %#(a) | | 11/1/2045 | | A- | | | 1,535 | | | | 1,593,192 | |
Charlotte County IDA - Babcock Ranch AMT† | | | 5.00 | % | | 10/1/2029 | | NR | | | 1,000 | | | | 1,119,980 | (d) |
City of Rockport Poll Ctl - IN MI Pwr | | | 3.05 | % | | 6/1/2025 | | A- | | | 1,000 | | | | 1,091,770 | |
Clarion Co IDA - American Wtr AMT | | | 2.45 | %#(a) | | 12/1/2039 | | A+ | | | 1,000 | | | | 1,075,670 | |
HI Dept Budget - Hawaiian Electric AMT | | | 3.10 | % | | 5/1/2026 | | Baa2 | | | 3,525 | | | | 3,757,756 | |
Jefferson Co Sewer | | | 5.00 | % | | 10/1/2021 | | BBB | | | 1,300 | | | | 1,364,714 | |
KY Muni Pwr - Prairie State Proj | | | 3.45 | %#(a) | | 9/1/2042 | | Baa1 | | | 850 | | | | 856,145 | |
Luzerne Co IDA - American Wtr AMT | | | 2.45 | %#(a) | | 12/1/2039 | | A+ | | | 1,200 | | | | 1,300,656 | |
Main St Nat Gas - Citibank | | | 4.00 | %#(a) | | 3/1/2050 | | A3 | | | 1,000 | | | | 1,149,400 | |
Main St Nat Gas - Citibank | | | 5.00 | % | | 9/1/2025 | | A3 | | | 250 | | | | 296,818 | |
Northern CA Gas - Goldman Sachs | | | 4.00 | %#(a) | | 7/1/2049 | | A3 | | | 1,050 | | | | 1,162,077 | |
Northern CA Gas - Morgan Stanley | | | 1.68% (3 Mo. LIBOR * .67 + .72 | %)# | | 7/1/2027 | | A3 | | | 915 | | | | 882,399 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
PR Aqueduct & Swr Auth | | | 4.25 | % | | 7/1/2025 | | Ca | | $ | 2,245 | | | $ | 2,261,837 | |
PR Aqueduct & Swr Auth | | | 5.00 | % | | 7/1/2022 | | Ca | | | 2,085 | | | | 2,184,037 | |
PR Elec Pwr Auth(e) | | | 4.10 | % | | 7/1/2019 | | NR | | | 240 | | | | 160,500 | |
PR Elec Pwr Auth(e) | | | 4.25 | % | | 7/1/2020 | | D | (c) | | 970 | | | | 666,875 | |
PR Elec Pwr Auth(e) | | | 5.00 | % | | 7/1/2018 | | NR | | | 50 | | | | 34,625 | |
PR Elec Pwr Auth(e) | | | 5.25 | % | | 7/1/2027 | | D | (c) | | 2,630 | | | | 1,841,000 | |
PR Elec Pwr Auth (AGM) | | | 5.00 | % | | 7/1/2024 | | AA | | | 145 | | | | 146,028 | |
PR Elec Pwr Auth (NPFGC)(FGIC) | | | 5.00 | % | | 7/1/2021 | | Baa2 | | | 100 | | | | 100,479 | |
Prichard Wtr & Swr | | | 2.25 | % | | 11/1/2027 | | BBB+ | | | 420 | | | | 432,751 | |
Prichard Wtr & Swr | | | 2.375 | % | | 11/1/2028 | | BBB+ | | | 1,305 | | | | 1,355,647 | |
SE AL Gas Dist - Goldman Sachs | | | 4.00 | %#(a) | | 4/1/2049 | | A3 | | | 1,530 | | | | 1,678,089 | |
TEAC - Goldman Sachs | | | 5.625 | % | | 9/1/2026 | | BBB | (c) | | 5,405 | | | | 6,503,620 | |
TX Muni Gas Acq & Supply - Macquarie | | | 5.00 | % | | 12/15/2029 | | A3 | | | 1,800 | | | | 1,922,328 | |
WV EDA - Appalachian Pwr | | | 2.625 | %#(a) | | 12/1/2042 | | A- | | | 750 | | | | 762,683 | |
WV EDA - Wheeling Pwr AMT | | | 3.00 | %#(a) | | 6/1/2037 | | A- | | | 2,600 | | | | 2,667,886 | |
Total | | | | | | | | | | | | | | | 38,368,962 | |
Total Municipal Bonds (cost $437,962,427) | | | | | | | | | | | | 442,879,622 | |
| | Interest Rate# | | | Interest Rate Reset Date(f) | | Final Maturity Date | | | | | | | | |
SHORT-TERM INVESTMENTS 0.38% | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes 0.38% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
Health Care 0.16% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
NYC Muni Water | | | 0.14 | % | | 7/1/2020 | | 6/15/2045 | | AAA | | | 700 | | | | 700,000 | |
| | | | | | | | | | | | | | | | | | |
Tax Revenue 0.22% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
NYC TFA - Future Tax | | | 0.12 | % | | 7/1/2020 | | 2/1/2045 | | AAA | | | 1,000 | | | | 1,000,000 | |
Total Short-Term Investments (cost $1,700,000) | | | | | | | | | | | | | | 1,700,000 | |
Total Investments in Securities 100.66% (cost $439,662,427) | | | | | | | | | | | 444,579,622 | |
Liabilities in Excess of Cash and Other Assets(g) (0.66%) | | | | | | | | | | | | (2,928,707 | ) |
Net Assets 100.00% | | | | | | | | | | | | | | | | $ | 441,650,915 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
AGC | Insured by - Assured Guarantee Corporation. |
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. |
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. |
| |
# | Variable rate security. The interest rate represents the rate in effect at June 30, 2020. |
† | 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 June 30, 2020, the total value of Rule 144A securities was $69,678,283, which represents 15.78% of net assets. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon until designated future date. |
(b) | Securities purchased on a when-issued basis. |
(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) | Defaulted (non-income producing security). |
(f) | 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. |
(g) | Liabilities in Excess of Cash and Other Assets include net unrealized depreciation on futures contracts as follows: |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
Open Futures Contracts at June 30, 2020:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Depreciation | |
U.S. 10-Year Treasury Note | | September 2020 | | 54 | | Short | | $ | (7,493,247 | ) | | $ | (7,515,281 | ) | | $ | (22,034 | ) |
The following is a summary of the inputs used as of June 30, 2020 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 | | | | | | | | | | | | | | | | |
Education | | $ | — | | | $ | 26,378,416 | | | $ | 609,279 | | | $ | 26,987,695 | |
General Obligation | | | — | | | | 42,420,014 | | | | 1,761,459 | | | | 44,181,473 | |
Health Care | | | — | | | | 74,314,209 | | | | 1,712,388 | | | | 76,026,597 | |
Housing | | | — | | | | 10,629,538 | | | | 1,321,249 | | | | 11,950,787 | |
Lease Obligations | | | — | | | | 18,383,475 | | | | 416,399 | | | | 18,799,874 | |
Other Revenue | | | — | | | | 29,316,637 | | | | 900,000 | | | | 30,216,637 | |
Transportation | | | — | | | | 33,266,090 | | | | 1,821,600 | | | | 35,087,690 | |
Utilities | | | — | | | | 37,248,982 | | | | 1,119,980 | | | | 38,368,962 | |
Remaining Industries | | | — | | | | 161,259,907 | | | | — | | | | 161,259,907 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes | | | — | | | | 1,700,000 | | | | — | | | | 1,700,000 | |
Total | | $ | — | | | $ | 434,917,268 | | | $ | 9,662,354 | | | $ | 444,579,622 | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Liabilities | | | (22,034 | ) | | | — | | | | — | | | | (22,034 | ) |
Total | | $ | (22,034 | ) | | $ | — | | | $ | — | | | $ | (22,034 | ) |
(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. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - SHORT DURATION HIGH YIELD MUNICIPAL BOND FUND June 30, 2020
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 | | $ | 2,526,532 | |
Accrued Discounts (Premiums) | | | 4,996 | |
Realized Gain (Loss) | | | — | |
Change in Unrealized Appreciation (Depreciation) | | | (312,506 | ) |
Purchases | | | 2,190,274 | |
Sales | | | — | |
Transfers into Level 3 | | | 7,510,058 | |
Transfers out of Level 3 | | | (2,257,000 | ) |
Balance as of June 30, 2020 | | $ | 9,662,354 | |
Change in unrealized appreciation/depreciation for the period ended June 30, 2020, related to Level 3 investments held at June 30, 2020 | | $ | (312,506 | ) |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
MUNICIPAL BONDS 98.75% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Corporate-Backed 3.36% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Fin Auth - United Airlines AMT | | | 4.00 | % | | 7/15/2029 | | BB- | | $ | 2,430 | | | $ | 2,453,547 | |
CA MFA - Waste Mgmt AMT | | | 2.40 | %#(a) | | 10/1/2044 | | A- | | | 6,250 | | | | 6,765,875 | |
CA Poll Ctl - Poseidon Res AMT† | | | 5.00 | % | | 11/21/2045 | | Baa3 | | | 4,410 | | | | 4,557,206 | |
CA Poll Ctl - Waste Mgmt AMT | | | 4.30 | % | | 7/1/2040 | | A- | | | 110 | | | | 126,722 | |
Long Beach Nat Gas - ML | | | 5.00 | % | | 11/15/2029 | | A2 | | | 1,205 | | | | 1,514,336 | |
San Francisco Arpt - SFO Fuel AMT | | | 5.00 | % | | 1/1/2038 | | A1 | | | 1,315 | | | | 1,603,287 | |
Total | | | | | | | | | | | | | | | 17,020,973 | |
| | | | | | | | | | | | | | | | |
Education 8.03% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Dev Auth - Culinary Institute | | | 5.00 | % | | 7/1/2036 | | Baa2 | | | 400 | | | | 435,164 | |
CA Dev Auth - Culinary Institute | | | 5.00 | % | | 7/1/2041 | | Baa2 | | | 380 | | | | 408,838 | |
CA Dev Auth - Culinary Institute | | | 5.00 | % | | 7/1/2046 | | Baa2 | | | 900 | | | | 961,794 | |
CA Ed Fac Auth - Loyola Marymount Univ | | | 5.00 | % | | 10/1/2048 | | A2 | | | 1,000 | | | | 1,172,870 | |
CA Ed Facs - ArtCenter College of Design | | | 5.00 | % | | 12/1/2044 | | Baa1 | | | 1,500 | | | | 1,654,155 | |
CA Ed Facs - Chapman Univ | | | 4.00 | % | | 4/1/2047 | | A2 | | | 1,800 | | | | 1,928,700 | |
CA Ed Facs - Chapman Univ | | | 5.00 | % | | 4/1/2040 | | A2 | | | 1,000 | | | | 1,113,910 | |
CA Ed Facs - Loyola Marymount Univ (NPFGC)(FGIC) | | | Zero Coupon | | | 10/1/2029 | | A2 | | | 550 | | | | 472,307 | |
CA Ed Facs - Loyola Marymount Univ (NPFGC)(FGIC) | | | Zero Coupon | | | 10/1/2033 | | A2 | | | 1,670 | | | | 1,260,349 | |
CA Ed Facs - Santa Clara Univ | | | 5.00 | % | | 4/1/2039 | | Aa3 | | | 1,000 | | | | 1,172,350 | |
CA Ed Facs - Stanford Univ | | | 5.00 | % | | 5/1/2049 | | AAA | | | 3,000 | | | | 5,008,350 | |
CA Ed Facs - Univ of San Francisco | | | 5.00 | % | | 10/1/2037 | | A2 | | | 1,000 | | | | 1,193,290 | |
CA Ed Facs - Univ of San Francisco | | | 5.00 | % | | 10/1/2053 | | A2 | | | 2,000 | | | | 2,319,600 | |
CA Fin Auth - Biola Univ | | | 5.00 | % | | 10/1/2029 | | Baa1 | | | 330 | | | | 355,420 | |
CA Infra & Econ Dev - UCSF | | | 5.00 | % | | 5/15/2047 | | AA | | | 3,325 | | | | 4,083,499 | |
CA MFA - Univ of La Verne | | | 5.00 | % | | 6/1/2043 | | A3 | | | 1,035 | | | | 1,187,973 | |
CA Muni Fin - Biola Univ | | | 5.00 | % | | 10/1/2032 | | Baa1 | | | 400 | | | | 448,280 | |
CA Muni Fin - Emerson Clg | | | 5.00 | % | | 1/1/2042 | | BBB+ | | | 3,090 | | | | 3,447,884 | |
CA Muni Fin - Julian Chtr Sch† | | | 5.625 | % | | 3/1/2045 | | B+ | | | 500 | | | | 497,910 | |
CA Muni Fin - Touro College | | | 5.25 | % | | 1/1/2040 | | BBB- | (b) | | 1,085 | | | | 1,148,039 | |
CA Sch Fin Auth - Green Dot Schs† | | | 5.00 | % | | 8/1/2045 | | BBB- | | | 500 | | | | 541,640 | |
CA Sch Fin Auth - KIPP LA† | | | 5.00 | % | | 7/1/2045 | | BBB | | | 540 | | | | 588,497 | |
Ripon USD (BAM) | | | 5.50 | % | | 8/1/2043 | | AA | | | 1,000 | | | | 1,257,960 | |
Univ of CA | | | 5.25 | % | | 5/15/2047 | | AA | | | 2,000 | | | | 2,460,060 | |
Univ of CA | | | 5.25 | % | | 5/15/2058 | | AA | | | 2,500 | | | | 3,109,000 | |
University of San Diego | | | 5.00 | % | | 10/1/2049 | | A1 | | | 2,000 | | | | 2,428,960 | |
Total | | | | | | | | | | | | | | | 40,656,799 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
General Obligation 20.34% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Albany CA USD | | | 4.00 | % | | 8/1/2046 | | Aa3 | | $ | 1,000 | | | $ | 1,112,570 | |
Anaheim USD | | | 3.00 | % | | 8/1/2038 | | Aa2 | | | 3,000 | | | | 3,155,580 | |
Banning Unified Sch Dist (AGM) | | | 5.25 | % | | 8/1/2042 | | AA | | | 1,115 | | | | 1,371,829 | |
Beverly Hills USD | | | 3.00 | % | | 8/1/2044 | | Aaa | | | 2,040 | | | | 2,152,445 | |
CA St GO | | | 4.00 | % | | 10/1/2044 | | Aa2 | | | 1,805 | | | | 2,114,937 | |
CA State GO | | | 3.00 | % | | 10/1/2033 | | Aa2 | | | 1,250 | | | | 1,387,825 | |
CA State GO | | | 4.00 | % | | 9/1/2035 | | Aa2 | | | 1,145 | | | | 1,318,616 | |
CA State GO | | | 4.00 | % | | 3/1/2046 | | Aa2 | | | 1,000 | | | | 1,178,030 | |
CA State GO | | | 5.00 | % | | 2/1/2032 | | Aa2 | | | 2,000 | | | | 2,132,400 | |
CA State GO | | | 5.00 | % | | 4/1/2032 | | Aa2 | | | 2,200 | | | | 3,125,188 | |
CA State GO | | | 5.00 | % | | 2/1/2033 | | Aa2 | | | 1,000 | | | | 1,065,540 | |
CA State GO | | | 5.00 | % | | 8/1/2038 | | Aa2 | | | 1,565 | | | | 1,891,803 | |
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 | | | | 4,226,960 | |
CA State GO | | | 5.25 | % | | 4/1/2035 | | Aa2 | | | 3,000 | | | | 3,228,960 | |
CA State GO | | | 5.25 | % | | 10/1/2039 | | Aa2 | | | 500 | | | | 606,040 | |
Carlsbad USD | | | 3.125 | % | | 8/1/2048 | | Aa1 | | | 1,000 | | | | 1,074,130 | |
Centinela UHSD (BAM) | | | 4.00 | % | | 8/1/2052 | | AA | | | 1,615 | | | | 1,787,530 | |
Centinela UHSD (BAM) | | | 5.00 | % | | 8/1/2052 | | AA | | | 2,000 | | | | 2,423,520 | |
Cupertino USD | | | 2.50 | % | | 8/1/2033 | | Aa1 | | | 740 | | | | 789,151 | |
Del Mar USD | | | 3.00 | % | | 8/1/2044 | | Aaa | | | 2,775 | | | | 2,967,113 | |
Del Mar USD (BAM) | | | 4.00 | % | | 9/1/2044 | | AA | | | 1,700 | | | | 1,966,662 | |
Glendale CCD(c) | | | 4.00 | % | | 8/1/2050 | | Aa2 | | | 1,250 | | | | 1,449,550 | |
Grossmont UHSD | | | 5.00 | % | | 8/1/2043 | | Aa2 | | | 1,250 | | | | 1,428,762 | |
Grossmont UHSD (AGM) | | | Zero Coupon | | | 6/1/2040 | | AA | | | 2,000 | | | | 859,260 | |
Huntington Beach City SD | | | 4.00 | % | | 8/1/2048 | | Aa1 | | | 1,000 | | | | 1,121,480 | |
Imperial Unified Sch Dist (BAM) | | | 5.25 | % | | 8/1/2043 | | AA | | | 2,000 | | | | 2,435,740 | |
Inglewood USD (BAM) | | | 4.00 | % | | 8/1/2038 | | AA | | | 575 | | | | 654,442 | |
Inglewood USD (BAM) | | | 4.00 | % | | 8/1/2039 | | AA | | | 1,000 | | | | 1,135,600 | |
Irvine Unified School District | | | 4.00 | % | | 9/1/2042 | | Aa1 | | | 1,915 | | | | 2,196,543 | |
Irvine Unified School District | | | 5.50 | % | | 9/1/2035 | | Aa1 | | | 1,060 | | | | 1,391,123 | |
Irvine USD - Spl Tax (BAM) | | | 5.00 | % | | 9/1/2038 | | AA | | | 1,000 | | | | 1,149,390 | |
Irvine USD - Spl Tax (BAM) | | | 5.00 | % | | 9/1/2056 | | AA | | | 1,000 | | | | 1,173,600 | |
Long Beach USD | | | 3.00 | % | | 8/1/2037 | | Aa2 | | | 2,420 | | | | 2,627,273 | |
Los Angeles USD | | | 4.00 | % | | 7/1/2044 | | Aa3 | | | 2,000 | | | | 2,344,160 | |
Marin Healthcare Dist | | | 4.00 | % | | 8/1/2040 | | Aa2 | | | 1,000 | | | | 1,104,040 | |
New Haven USD | | | 4.00 | % | | 8/1/2044 | | Aa3 | | | 1,250 | | | | 1,425,025 | |
New Haven USD | | | 4.00 | % | | 8/1/2047 | | Aa3 | | | 2,415 | | | | 2,706,708 | |
Newport Mesa USD | | | Zero Coupon | | | 8/1/2041 | | Aaa | | | 1,325 | | | | 656,604 | |
Newport-Mesa USD | | | Zero Coupon | | | 8/1/2045 | | Aaa | | | 2,000 | | | | 829,280 | |
North Orange CCD | | | 2.75 | % | | 8/1/2036 | | AA+ | | | 2,000 | | | | 2,137,300 | |
Oceanside USD | | | 4.00 | % | | 8/1/2048 | | Aa3 | | | 2,030 | | | | 2,272,707 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
General Obligation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Orange USD | | | 4.00 | % | | 8/1/2047 | | AA | | $ | 1,000 | | | $ | 1,136,430 | |
Panama-Buena Vista USD (BAM) | | | 2.625 | % | | 8/1/2037 | | AA | | | 1,510 | | | | 1,575,534 | |
Perris UHSD (AGM) | | | 3.00 | % | | 9/1/2044 | | AA | | | 1,000 | | | | 1,056,820 | |
PR Comwlth GO(d) | | | 6.00 | % | | 7/1/2039 | | Ca | | | 2,000 | | | | 1,390,000 | |
San Benito HSD | | | Zero Coupon | | | 8/1/2041 | | Aa3 | | | 1,640 | | | | 789,201 | |
San Benito HSD | | | Zero Coupon | | | 8/1/2042 | | Aa3 | | | 1,795 | | | | 823,295 | |
San Benito HSD | | | Zero Coupon | | | 8/1/2043 | | Aa3 | | | 2,600 | | | | 1,137,370 | |
San Diego USD | | | 3.25 | % | | 7/1/2048 | | Aa2 | | | 1,000 | | | | 1,081,170 | |
San Francisco Arpt AMT | | | 5.25 | % | | 5/1/2042 | | A+ | | | 1,000 | | | | 1,184,300 | |
San Francisco CCD | | | 5.00 | % | | 6/15/2028 | | Aa3 | | | 1,000 | | | | 1,199,290 | |
San Gorgonio Mem Hlthcare Dist | | | 5.00 | % | | 8/1/2032 | | Baa3 | | | 1,000 | | | | 1,049,120 | |
San Leandro Unified Sch Dist (BAM) | | | 5.25 | % | | 8/1/2046 | | AA | | | 1,750 | | | | 2,120,772 | |
San Leandro USD (BAM) | | | 4.00 | % | | 8/1/2043 | | AA | | | 650 | | | | 739,707 | |
San Rafael Elem Sch Dist | | | 4.00 | % | | 8/1/2047 | | AA | | | 1,000 | | | | 1,129,910 | |
San Rafael HSD | | | 4.50 | % | | 8/1/2042 | | AA | | | 1,150 | | | | 1,371,685 | |
Santa Ana USD | | | 3.25 | % | | 8/1/2042 | | Aa3 | | | 500 | | | | 536,990 | |
Santa Barbara Unified Sch Dist | | | 4.00 | % | | 8/1/2036 | | Aa1 | | | 750 | | | | 866,100 | |
Santa Barbara USD | | | 4.00 | % | | 8/1/2044 | | Aa1 | | | 1,000 | | | | 1,152,050 | |
Santa Rita USD | | | 2.50 | % | | 8/1/2031 | | AA- | | | 1,235 | | | | 1,319,845 | |
Simi Valley GO | | | 4.00 | % | | 8/1/2046 | | Aa2 | | | 1,065 | | | | 1,203,983 | |
Simi Valley USD | | | 4.00 | % | | 8/1/2048 | | Aa2 | | | 600 | | | | 677,202 | |
Southwestern Community College Dist | | | Zero Coupon | | | 8/1/2041 | | Aa2 | | | 1,100 | | | | 661,485 | |
Sweetwater UHSD (BAM) | | | 5.00 | % | | 8/1/2027 | | AA | | | 1,000 | | | | 1,146,830 | |
West Contra Costa USD | | | 4.00 | % | | 8/1/2043 | | AA- | | | 1,000 | | | | 1,134,040 | |
West Contra Costa USD | | | 6.00 | % | | 8/1/2027 | | AA- | | | 1,000 | | | | 1,335,790 | |
Total | | | | | | | | | | | | | | | 103,027,160 | |
| | | | | | | | | | | | | | | | |
Health Care 14.07% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Abag Fin Auth - Eskaton Pptys | | | 5.00 | % | | 11/15/2035 | | BBB | | | 1,000 | | | | 1,041,750 | |
Abag Fin Auth - Sharp Hlthcare | | | 5.00 | % | | 8/1/2043 | | AA | | | 1,000 | | | | 1,098,570 | |
Adventist Health System - West | | | 5.00 | % | | 3/1/2048 | | A | | | 2,750 | | | | 3,224,265 | |
Antelope Valley Hlth | | | 5.25 | % | | 3/1/2036 | | Ba3 | | | 1,000 | | | | 1,040,110 | |
CA Fin AUth - Standord Hlth | | | 4.00 | % | | 8/15/2050 | | AA- | | | 1,000 | | | | 1,155,280 | |
CA Hlth - Childrens Hsp Los Angeles | | | 5.00 | % | | 11/15/2029 | | BBB+ | | | 1,000 | | | | 1,075,240 | |
CA Hlth - Childrens Hsp Los Angeles | | | 5.00 | % | | 8/15/2047 | | BBB+ | | | 1,000 | | | | 1,122,410 | |
CA Hlth - Childrens Hsp Orange Co | | | 4.00 | % | | 11/1/2035 | | AA- | | | 570 | | | | 675,581 | |
CA Hlth - Childrens Hsp Orange Co | | | 5.00 | % | | 11/1/2033 | | AA- | | | 1,300 | | | | 1,688,336 | |
CA Hlth - Childrens Hsp Orange Co | | | 5.00 | % | | 11/1/2034 | | AA- | | | 1,200 | | | | 1,553,124 | |
CA Hlth - Childrens Hsp Orange Co | | | 5.25 | % | | 11/1/2035 | | AA- | | | 2,000 | | | | 2,106,260 | |
CA Hlth - City of Hope | | | 4.00 | % | | 11/15/2045 | | A+ | | | 4,920 | | | | 5,522,503 | |
CA Hlth - Providence St. Joes Hlth | | | 4.00 | % | | 10/1/2047 | | AA- | | | 2,115 | | | | 2,338,048 | |
CA Hlth - Rady Childrens Hsp | | | 5.50 | % | | 8/15/2033 | | Aa3 | | | 2,000 | | | | 2,097,580 | |
CA Hlth - Sutter Hlth | | | 4.00 | % | | 11/15/2042 | | A+ | | | 1,715 | | | | 1,917,524 | |
CA Hlth Facs - Kaiser Permanente | | | 5.00 | % | | 11/1/2047 | | AA- | | | 1,000 | | | | 1,596,240 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Hlth Facs - Lucile Packard Hosp | | | 5.00 | % | | 11/15/2056 | | A+ | | $ | 1,500 | | | $ | 1,769,490 | |
CA Muni Fin - Caritas Affordable Hsg | | | 4.00 | % | | 8/15/2037 | | BBB | | | 1,000 | | | | 1,068,950 | |
CA Muni Fin - Channing House | | | 5.00 | % | | 5/15/2047 | | AA- | | | 2,000 | | | | 2,331,580 | |
CA Muni Fin - Cmnty Med Ctrs | | | 4.00 | % | | 2/1/2042 | | A- | | | 1,120 | | | | 1,189,205 | |
CA Muni Fin - Cmnty Med Ctrs | | | 5.00 | % | | 2/1/2040 | | A- | | | 500 | | | | 554,740 | |
CA Muni Fin - Cmnty Med Ctrs | | | 5.00 | % | | 2/1/2047 | | A- | | | 2,000 | | | | 2,250,340 | |
CA Stwde - Adventist Health West | | | 3.00 | % | | 3/1/2039 | | A | | | 2,905 | | | | 3,000,487 | |
CA Stwde - American Baptist | | | 5.00 | % | | 10/1/2045 | | A- | (b) | | 1,000 | | | | 1,079,190 | |
CA Stwde - Daughters of Charity | | | 5.50 | % | | 7/1/2039 | | NR | | | 460 | | | | 382,219 | |
CA Stwde - Henry Mayo Mem Hsp (AGM) | | | 5.25 | % | | 10/1/2043 | | AA | | | 775 | | | | 869,395 | |
CA Stwde - Huntington Memorial Hosp | | | 4.00 | % | | 7/1/2048 | | A- | | | 1,000 | | | | 1,099,170 | |
CA Stwde - John Muir Hlth | | | 4.00 | % | | 12/1/2057 | | A+ | | | 1,000 | | | | 1,036,120 | |
CA Stwde - Loma Linda Univ Med Ctr | | | 5.25 | % | | 12/1/2034 | | BB- | | | 2,100 | | | | 2,285,934 | |
CA Stwde - Loma Linda Univ Med Ctr | | | 5.50 | % | | 12/1/2054 | | BB- | | | 2,200 | | | | 2,361,106 | |
CA Stwde - Loma Linda Univ Med Ctr† | | | 5.50 | % | | 12/1/2058 | | BB- | | | 1,555 | | | | 1,680,924 | |
Eisenhower Med Ctr | | | 5.00 | % | | 7/1/2032 | | Baa2 | | | 1,020 | | | | 1,207,578 | |
La Verne COP - Brethren Hillcrest Homes | | | 5.00 | % | | 5/15/2029 | | BBB- | (b) | | 635 | | | | 650,462 | |
Oroville - Oroville Hsp | | | 5.25 | % | | 4/1/2049 | | BB | | | 2,500 | | | | 2,630,325 | |
Palomar Hlth | | | 5.00 | % | | 11/1/2036 | | BBB | | | 1,250 | | | | 1,427,688 | |
Palomar Hlth | | | 5.00 | % | | 11/1/2039 | | BBB | | | 1,650 | | | | 1,872,569 | |
Palomar Hlth (AGM) | | | 5.00 | % | | 11/1/2047 | | AA | | | 4,475 | | | | 5,146,921 | |
San Buenaventura - Cmnty Mem Hlth | | | 8.00 | % | | 12/1/2031 | | BB | | | 2,000 | | | | 2,145,220 | |
Sierra Joint CCD | | | 4.00 | % | | 8/1/2053 | | Aa1 | | | 1,500 | | | | 1,706,835 | |
Washingtown Twnshp Health Care Dist | | | 5.00 | % | | 7/1/2032 | | Baa2 | | | 1,000 | | | | 1,231,590 | |
Whittier Hlth Fac - Presbyterian Intercmnty Hsp | | 5.75 | % | | 6/1/2029 | | A | | | 1,000 | | | | 1,039,180 | |
Total | | | | | | | | | | | | | | | 71,270,039 | |
| | | | | | | | | | | | | | | | |
Housing 4.00% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Cmty Hsg - Annadel Apts† | | | 5.00 | % | | 4/1/2049 | | NR | | | 1,000 | | | | 1,071,610 | |
CA Cmty Hsg - Serenity at Larkspur† | | | 5.00 | % | | 2/1/2050 | | NR | | | 1,200 | | | | 1,292,700 | |
CA Cmty Hsg - Verdant† | | | 5.00 | % | | 8/1/2049 | | NR | | | 1,400 | | | | 1,503,474 | |
CA HFA - MFH | | | 4.00 | % | | 3/20/2033 | | BBB+ | | | 1,936 | | | | 2,078,188 | |
CA HFA - MFH | | | 4.25 | % | | 1/15/2035 | | BBB+ | | | 6,001 | | | | 6,562,931 | |
CA Muni Fin - Biola Univ | | | 5.00 | % | | 10/1/2034 | | Baa1 | | | 1,000 | | | | 1,112,260 | |
CA Muni Fin - Caritas Affordable Hsg | | | 5.00 | % | | 8/15/2030 | | BBB+ | | | 1,050 | | | | 1,169,102 | |
CA Muni Fin - UC Berkeley Hsg | | | 5.00 | % | | 6/1/2050 | | Baa3 | | | 500 | | | | 524,205 | |
CA Stwde - CHF-Irvine LLC | | | 5.00 | % | | 5/15/2035 | | Baa1 | | | 1,100 | | | | 1,195,326 | |
CA Stwde - CHF-Irvine LLC | | | 5.125 | % | | 5/15/2031 | | Baa1 | | | 1,500 | | | | 1,537,020 | |
CA Stwde - College of the Arts Student Hsg† | | 5.25 | % | | 7/1/2049 | | BB+ | | | 500 | | | | 499,405 | |
Ca Stwde - Lancer Student Hsg† | | | 5.00 | % | | 6/1/2051 | | NR | | | 500 | | | | 496,085 | |
ESRF / Natl Charter School Loans | | | 5.00 | % | | 11/1/2044 | | A | | | 1,050 | | | | 1,236,553 | |
Total | | | | | | | | | | | | | | | 20,278,859 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Lease Obligations 2.37% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Pub Wks - Judicial Council | | | 5.00 | % | | 12/1/2028 | | Aa3 | | $ | 1,000 | | | $ | 1,062,500 | |
CA Pub Wks - State Prisons | | | 5.75 | % | | 10/1/2031 | | Aa3 | | | 2,000 | | | | 2,124,060 | |
CA Pub Wks - Various Cap Proj | | | 4.00 | % | | 3/1/2045 | | Aa3 | | | 940 | | | | 1,094,508 | |
CA Pub Wks - Various Cap Proj | | | 5.00 | % | | 4/1/2037 | | Aa3 | | | 1,000 | | | | 1,066,220 | |
CA Pub Wks - Various Cap Proj TCRS (BAM) | | 3.125 | % | | 5/1/2033 | | AA | | | 1,275 | | | | 1,402,449 | |
San Bernardino COPs (AGM) | | | 5.00 | % | | 10/1/2031 | | AA | | | 860 | | | | 1,111,111 | |
Santa Barbara COPs AMT | | | 5.00 | % | | 12/1/2036 | | AA | | | 3,395 | | | | 4,169,196 | |
Total | | | | | | | | | | | | | | | 12,030,044 | |
| | | | | | | | | | | | | | | | |
Other 0.39% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Infra & Econ Dev - Acad Motion Pict(c) | | | 5.00 | % | | 11/1/2029 | | Aa2 | | | 1,500 | | | | 1,974,510 | |
| | | | | | | | | | | | | | | | |
Other Revenue 2.11% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Infra & Econ Dev - Acad Motion Pict | | | 5.00 | % | | 11/1/2041 | | Aa2 | | | 1,010 | | | | 1,125,393 | |
CA Infra & Econ Dev - Gladstone Inst | | | 5.25 | % | | 10/1/2034 | | BBB+ | | | 2,000 | | | | 2,121,840 | |
CA Muni Fin - American Heritage | | | 5.00 | % | | 6/1/2036 | | BBB- | | | 1,000 | | | | 1,109,100 | |
CA Muni Fin - Oceaa | | | 6.75 | % | | 10/1/2028 | | NR | | | 1,000 | | | | 1,002,020 | |
CA Sch Fin Auth - Aspire† | | | 5.00 | % | | 8/1/2046 | | BBB | | | 1,000 | | | | 1,088,020 | |
CA Sch Fin Auth - Green Dot Charter† | | | 5.00 | % | | 8/1/2038 | | BBB- | | | 1,000 | | | | 1,144,490 | |
CA Sch Fin Auth - KIPP LA | | | 5.00 | % | | 7/1/2034 | | BBB | | | 600 | | | | 654,012 | |
MSR Energy Auth - Citi | | | 6.125 | % | | 11/1/2029 | | BBB+ | | | 1,925 | | | | 2,434,913 | |
Total | | | | | | | | | | | | | | | 10,679,788 | |
| | | | | | | | | | | | | | | | |
Pre-Refunded 0.16% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
MSR Energy Auth - Citi | | | 6.50 | % | | 11/1/2039 | | BBB+ | | | 500 | | | | 785,735 | |
| | | | | | | | | | | | | | | | |
Special Tax 3.39% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Brentwood Infra Fin Auth | | | 5.00 | % | | 9/2/2036 | | NR | | | 500 | | | | 545,710 | |
CA Reassmt Dist 15/2 Irvine | | | 5.00 | % | | 9/2/2028 | | NR | | | 1,000 | | | | 1,165,830 | |
Inland Valley Redev Agy | | | 5.25 | % | | 9/1/2037 | | A- | | | 1,325 | | | | 1,465,543 | |
Irvine CFD - Great Park | | | 5.00 | % | | 9/1/2044 | | NR | | | 500 | | | | 543,375 | |
Irvine USD - Spl Tax | | | 5.00 | % | | 3/1/2057 | | NR | | | 1,000 | | | | 1,136,860 | |
Lake Elsinore PFA | | | 5.00 | % | | 9/1/2035 | | NR | | | 920 | | | | 1,023,123 | |
Poway USD PFA (BAM) | | | 5.00 | % | | 9/1/2035 | | AA+ | | | 1,775 | | | | 2,142,957 | |
River Islands PFA - CFD 2003 | | | 5.375 | % | | 9/1/2031 | | NR | | | 1,045 | | | | 1,128,767 | |
River Islands PFA - CFD 2003 | | | 5.50 | % | | 9/1/2045 | | NR | | | 500 | | | | 533,160 | |
Roseville CFD - Westpark | | | 5.00 | % | | 9/1/2031 | | NR | | | 1,000 | | | | 1,137,370 | |
Sacramento Conv Cntr | | | 4.00 | % | | 6/1/2036 | | A2 | | | 830 | | | | 873,608 | |
San Clemente Cmnty Facs | | | 5.00 | % | | 9/1/2040 | | NR | | | 985 | | | | 1,087,558 | |
San Francisco Redev - Mission Bay North | | | 6.75 | % | | 8/1/2041 | | A- | | | 1,000 | | | | 1,037,260 | |
Temecula Vly USD Fin Auth (BAM) | | | 5.00 | % | | 9/1/2035 | | AA | | | 1,505 | | | | 1,718,635 | |
Union City Redev Agy - Tax Alloc | | | 6.875 | % | | 12/1/2033 | | A+ | | | 1,510 | | | | 1,649,509 | |
Total | | | | | | | | | | | | | | | 17,189,265 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Tax Revenue 3.19% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Anaheim PFA Lease Rev (BAM) | | | 5.00 | % | | 9/1/2035 | | AA | | $ | 2,000 | | | $ | 2,337,220 | |
City of Sacramento - TOT Revs | | | 5.00 | % | | 6/1/2048 | | A1 | | | 1,000 | | | | 1,106,070 | |
Invine Reassessment District No. 19 | | | 4.00 | % | | 9/2/2039 | | A | | | 1,000 | | | | 1,165,470 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2029 | | NR | | | 352 | | | | 269,146 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2031 | | NR | | | 587 | | | | 414,011 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2033 | | NR | | | 134 | | | | 86,789 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2051 | | NR | | | 501 | | | | 102,324 | |
PR Corp Sales Tax | | | 4.329 | % | | 7/1/2040 | | NR | | | 350 | | | | 352,496 | |
PR Corp Sales Tax | | | 4.329 | % | | 7/1/2040 | | NR | | | 3,971 | | | | 3,999,313 | |
PR Corp Sales Tax | | | 4.536 | % | | 7/1/2053 | | NR | | | 7 | | | | 7,111 | |
PR Corp Sales Tax | | | 4.55 | % | | 7/1/2040 | | NR | | | 88 | | | | 89,936 | |
PR Corp Sales Tax | | | 4.75 | % | | 7/1/2053 | | NR | | | 296 | | | | 304,927 | |
PR Corp Sales Tax | | | 4.784 | % | | 7/1/2058 | | NR | | | 98 | | | | 101,288 | |
PR Corp Sales Tax | | | 5.00 | % | | 7/1/2058 | | NR | | | 1,139 | | | | 1,193,729 | |
Sacramento Tourism Infra Dist - Conv Centr | | | 4.00 | % | | 6/1/2039 | | A2 | | | 800 | | | | 834,432 | |
San Jose Spl Tax - Conv Ctr | | | 6.125 | % | | 5/1/2031 | | A+ | | | 1,000 | | | | 1,021,890 | |
Sonoma Marin Area Rail Rmkt | | | 5.00 | % | | 3/1/2029 | | AA | | | 1,500 | | | | 1,606,800 | |
Tustin CFD 06 - 1-Tust Leg/Colum Vil | | | 5.00 | % | | 9/1/2037 | | A- | | | 1,000 | | | | 1,164,680 | |
Total | | | | | | | | | | | | | | | 16,157,632 | |
| | | | | | | | | | | | | | | | |
Tobacco 6.05% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
CA Stwde - Tobacco Settlement | | | Zero Coupon | | | 6/1/2046 | | NR | | | 8,675 | | | | 1,760,678 | |
CA Stwde - Tobacco Settlement | | | Zero Coupon | | | 6/1/2055 | | NR | | | 10,000 | | | | 364,300 | |
Golden St Tobacco | | | Zero Coupon | | | 6/1/2047 | | CCC- | | | 2,700 | | | | 564,597 | |
Golden St Tobacco | | | 3.50 | % | | 6/1/2036 | | BB- | | | 1,550 | | | | 1,565,577 | |
Golden St Tobacco | | | 5.00 | % | | 6/1/2029 | | BBB | | | 1,000 | | | | 1,207,860 | |
Golden St Tobacco | | | 5.00 | % | | 6/1/2034 | | BBB- | | | 1,050 | | | | 1,257,144 | |
Golden St Tobacco | | | 5.00 | % | | 6/1/2035 | | BB+ | | | 2,500 | | | | 2,979,425 | |
Golden St Tobacco | | | 5.00 | % | | 6/1/2047 | | NR | | | 1,250 | | | | 1,265,663 | |
Golden St Tobacco | | | 5.00 | % | | 6/1/2047 | | NR | | | 4,360 | | | | 4,414,631 | |
Golden St Tobacco | | | 5.25 | % | | 6/1/2047 | | NR | | | 1,250 | | | | 1,271,725 | |
Inland Empire Tobacco† | | | Zero Coupon | | | 6/1/2057 | | CCC | | | 3,000 | | | | 149,610 | |
Los Angeles Co Tobacco | | | Zero Coupon | | | 6/1/2055 | | NR | | | 3,000 | | | | 511,560 | |
Los Angeles Co Tobacco | | | 4.00 | % | | 6/1/2038 | | A- | | | 615 | | | | 708,375 | |
Los Angeles Co Tobacco | | | 4.00 | % | | 6/1/2039 | | A- | | | 500 | | | | 574,085 | |
Los Angeles Co Tobacco | | | 4.00 | % | | 6/1/2040 | | A- | | | 710 | | | | 812,943 | |
Los Angeles Co Tobacco | | | 5.00 | % | | 6/1/2049 | | BBB- | | | 250 | | | | 290,038 | |
Nthrn CA Tobacco | | | Zero Coupon | | | 6/1/2045 | | CCC- | | | 10,000 | | | | 1,749,900 | |
Nthrn CA Tobacco | | | 5.50 | % | | 6/1/2045 | | B- | | | 1,115 | | | | 1,115,245 | |
San Diego Co Tobacco | | | Zero Coupon | | | 6/1/2054 | | NR | | | 4,800 | | | | 791,904 | |
San Diego Co Tobacco | | | 5.00 | % | | 6/1/2038 | | A- | | | 1,000 | | | | 1,238,810 | |
San Diego Co Tobacco | | | 5.00 | % | | 6/1/2039 | | A- | | | 1,000 | | | | 1,234,980 | |
San Diego Co Tobacco | | | 5.00 | % | | 6/1/2048 | | BBB+ | | | 1,500 | | | | 1,771,395 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Tobacco (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
San Diego Tobacco Settlement | | | 4.00 | % | | 6/1/2032 | | BBB | | $ | 885 | | | $ | 886,628 | |
Silicon Valley Tobacco | | | Zero Coupon | | | 6/1/2041 | | NR | | | 5,000 | | | | 1,549,950 | |
Silicon Valley Tobacco | | | Zero Coupon | | | 6/1/2056 | | NR | | | 2,000 | | | | 147,300 | |
Sthrn CA Tobacco | | | Zero Coupon | | | 6/1/2046 | | CCC- | | | 2,500 | | | | 443,700 | |
Total | | | | | | | | | | | | | | | 30,628,023 | |
| | | | | | | | | | | | | | | | |
Transportation 19.31% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Alameda Corridor Trsp Auth | | | 5.00 | % | | 10/1/2036 | | BBB+ | | | 1,500 | | | | 1,685,160 | |
Alameda Corridor Trsp Auth | | | 5.00 | % | | 10/1/2037 | | BBB+ | | | 665 | | | | 745,778 | |
Alameda Corridor Trsp Auth (AGM) | | | 4.00 | % | | 10/1/2037 | | AA | | | 2,030 | | | | 2,202,347 | |
Alameda Corridor Trsp Auth (AGM) | | | 5.00 | % | | 10/1/2029 | | AA | | | 1,425 | | | | 1,570,364 | |
Alameda Corridor Trsp Auth (NPFGC)(FGIC) | | | Zero Coupon | | | 10/1/2032 | | A- | | | 750 | | | | 540,338 | |
Bay Area Toll Auth | | | 3.00 | % | | 4/1/2054 | | AA- | | | 2,500 | | | | 2,573,425 | |
Bay Area Toll Auth | | | 4.00 | % | | 4/1/2038 | | AA- | | | 2,000 | | | | 2,238,940 | |
Bay Area Toll Auth | | | 4.00 | % | | 4/1/2042 | | AA- | | | 1,635 | | | | 1,809,455 | |
CA Muni Fin - LINXS (AGM) AMT | | | 4.00 | % | | 12/31/2047 | | AA | | | 1,420 | | | | 1,515,197 | |
CA Muni Fin - LINXS AMT | | | 4.00 | % | | 12/31/2047 | | BBB- | (b) | | 5,440 | | | | 5,667,283 | |
CA Muni Fin Auth - LINXS AMT | | | 5.00 | % | | 12/31/2031 | | BBB- | (b) | | 1,000 | | | | 1,182,090 | |
CA Muni Fin Auth - LINXS AMT | | | 5.00 | % | | 12/31/2035 | | BBB- | (b) | | 1,000 | | | | 1,160,450 | |
CA Muni Fin Auth - LINXS AMT | | | 5.00 | % | | 12/31/2043 | | BBB- | (b) | | 4,700 | | | | 5,336,427 | |
CA Muni Fin Auth - LINXS APM Proj AMT | | | 5.00 | % | | 12/31/2047 | | BBB- | (b) | | 1,005 | | | | 1,136,343 | |
Foothill / Eastern Corridor Toll Rd | | | Zero Coupon | | | 1/15/2033 | | A- | | | 1,500 | | | | 1,003,920 | |
Foothill / Eastern Corridor Toll Rd | | | 3.50 | % | | 1/15/2053 | | A- | | | 3,690 | | | | 3,820,995 | |
Foothill / Eastern Corridor Toll Rd | | | 3.95 | % | | 1/15/2053 | | A- | | | 3,145 | | | | 3,379,177 | |
Foothill / Eastern Corridor Toll Rd | | | 5.50 | %#(a) | | 1/15/2053 | | A- | | | 250 | | | | 268,630 | |
Foothill / Eastern Corridor Toll Rd | | | 5.75 | % | | 1/15/2046 | | A- | | | 1,835 | | | | 2,040,483 | |
Long Beach Harbor AMT | | | 5.00 | % | | 5/15/2028 | | AA | | | 1,000 | | | | 1,148,450 | |
Los Angeles Dept Arpts - LAX AMT | | | 5.00 | % | | 5/15/2041 | | AA | | | 1,000 | | | | 1,130,530 | |
Los Angeles Dept Arpts - LAX AMT | | | 5.00 | % | | 5/15/2043 | | AA- | | | 1,000 | | | | 1,219,510 | |
Los Angeles Dept Arpts - LAX AMT | | | 5.00 | % | | 5/15/2046 | | AA- | | | 1,000 | | | | 1,145,610 | |
Los Angeles Dept Arpts - LAX AMT | | | 5.00 | % | | 5/15/2047 | | AA- | | | 2,000 | | | | 2,335,880 | |
Los Angeles Dept Arpts - LAX AMT | | | 5.25 | % | | 5/15/2048 | | AA- | | | 2,000 | | | | 2,413,580 | |
Los Angeles Harbor AMT | | | 5.00 | % | | 8/1/2036 | | AA | | | 1,000 | | | | 1,135,790 | |
Los Angeles International Airport AMT | | | 5.00 | % | | 5/15/2044 | | AA- | | | 2,090 | | | | 2,542,276 | |
Orange Cnty Arpt | | | 5.00 | % | | 7/1/2029 | | AA- | | | 575 | | | | 709,780 | |
Port Oakland AMT | | | 5.125 | % | | 5/1/2031 | | A+ | | | 1,250 | | | | 1,279,338 | |
Riverside Co Trsp Commn | | | Zero Coupon | | | 6/1/2028 | | A | | | 1,000 | | | | 797,880 | (e) |
Riverside Co Trsp Commn | | | 5.75 | % | | 6/1/2048 | | A | | | 1,500 | | | | 1,618,755 | |
Sacramento Co Arpt | | | 5.00 | % | | 7/1/2041 | | A | | | 1,130 | | | | 1,286,256 | |
San Diego Arpt AMT | | | 4.00 | % | | 7/1/2044 | | A | | | 5,555 | | | | 6,131,109 | |
San Diego Arpt AMT | | | 5.00 | % | | 7/1/2027 | | A+ | | | 1,000 | | | | 1,107,680 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
San Diego Arpt AMT | | | 5.00 | % | | 7/1/2047 | | A | | $ | 2,000 | | | $ | 2,327,520 | |
San Francisco Arpt AMT | | | 4.00 | % | | 5/1/2049 | | A+ | | | 1,000 | | | | 1,100,480 | |
San Francisco Arpt AMT | | | 5.00 | % | | 5/1/2027 | | A+ | | | 1,430 | | | | 1,474,030 | |
San Francisco Arpt AMT | | | 5.00 | % | | 5/1/2040 | | A+ | | | 1,500 | | | | 1,657,905 | |
San Francisco Arpt AMT | | | 5.00 | % | | 5/1/2045 | | A+ | | | 1,500 | | | | 1,808,010 | |
San Francisco Arpt AMT | | | 5.00 | % | | 5/1/2050 | | A+ | | | 4,000 | | | | 4,795,080 | |
San Francisco Port AMT | | | 5.00 | % | | 3/1/2030 | | Aa3 | | | 1,415 | | | | 1,612,760 | |
San Joaquin Hills Trsp Corridor | | | 5.00 | % | | 1/15/2029 | | A- | | | 1,185 | | | | 1,356,505 | |
San Joaquin Hills Trsp Corridor | | | 5.00 | % | | 1/15/2050 | | A- | | | 4,585 | | | | 5,037,585 | |
San Joaquin Hills Trsp Corridor | | | 5.25 | % | | 1/15/2044 | | BBB+ | | | 2,100 | | | | 2,316,972 | |
San Joaquin Hills Trsp Corridor | | | 5.25 | % | | 1/15/2049 | | BBB+ | | | 1,930 | | | | 2,121,707 | |
San Joaquin Hills Trsp Corridor (NPFGC)(FGIC) | | | Zero Coupon | | | 1/15/2036 | | Baa2 | | | 1,305 | | | | 789,290 | |
San Jose Arpt AMT | | | 5.00 | % | | 3/1/2047 | | A | | | 3,475 | | | | 4,008,030 | |
San Jose Arpt AMT | | | 6.25 | % | | 3/1/2034 | | A | | | 1,500 | | | | 1,548,690 | |
Total | | | | | | | | | | | | | | | 97,833,790 | |
| | | | | | | | | | | | | | | | |
Utilities 11.98% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Adelanto Util Sys (AGM) | | | 5.00 | % | | 7/1/2039 | | AA | | | 1,335 | | | | 1,632,545 | |
CA Poll Ctl - Poseidon Res† | | | 5.00 | % | | 11/21/2045 | | Baa3 | | | 2,500 | | | | 2,820,575 | |
Casitas Muni Water Dist (BAM) | | | 5.25 | % | | 9/1/2047 | | AA | | | 1,525 | | | | 1,851,624 | |
Chula Vista IDR - San Diego G & E Rmkt | | | 5.875 | % | | 1/1/2034 | | A | | | 1,000 | | | | 1,003,540 | |
El Dorado Irrigation Dist (AGM) | | | 5.25 | % | | 3/1/2039 | | AA | | | 750 | | | | 883,365 | |
Guam Pwr Auth (AGM) | | | 5.00 | % | | 10/1/2034 | | AA | | | 705 | | | | 773,237 | |
Guam Waterworks Auth | | | 5.00 | % | | 1/1/2050 | | A- | | | 600 | | | | 717,666 | |
Guam Waterworks Auth | | | 5.50 | % | | 7/1/2043 | | A- | | | 525 | | | | 572,455 | |
Long Beach Nat Gas - ML | | 1.693% (3 Mo. LIBOR * .67 + 1.43 | %)# | | 11/15/2026 | | A2 | | | 1,000 | | | | 992,440 | |
Long Beach Nat Gas - ML | | | 5.25 | % | | 11/15/2020 | | A2 | | | 1,505 | | | | 1,526,582 | |
Long Beach Nat Gas - ML | | | 5.50 | % | | 11/15/2037 | | A2 | | | 1,825 | | | | 2,593,507 | |
Los Angeles DWAP - Pwr Sys | | | 5.25 | % | | 7/1/2037 | | Aa2 | | | 1,500 | | | | 1,875,210 | |
Los Angeles DWAP - Pwr Sys | | | 5.25 | % | | 7/1/2049 | | Aa2 | | | 1,000 | | | | 1,283,850 | |
Los Angeles Wastewater | | | 5.00 | % | | 6/1/2044 | | AA+ | | | 1,000 | | | | 1,173,740 | |
Middle Fork Proj Fin Auth | | | 5.00 | % | | 4/1/2036 | | Baa3 | | | 1,950 | | | | 2,287,350 | |
MSR Energy Auth - Citi | | | 6.50 | % | | 11/1/2039 | | BBB+ | | | 2,305 | | | | 3,622,238 | |
MSR Energy Auth - Citi | | | 7.00 | % | | 11/1/2034 | | BBB+ | | | 2,500 | | | | 3,784,475 | |
Northern CA Gas - Goldman Sachs | | | 4.00 | %#(a) | | 7/1/2049 | | A3 | | | 3,000 | | | | 3,320,220 | |
Northern CA Gas - Morgan Stanley | | 1.68% (3 Mo. LIBOR * .67 + .72 | %)# | | 7/1/2027 | | A3 | | | 1,875 | | | | 1,808,194 | |
PR Aqueduct & Swr Auth | | | 5.25 | % | | 7/1/2042 | | Ca | | | 935 | | | | 956,038 | |
PR Elec Pwr Auth(d) | | | 5.25 | % | | 7/1/2024 | | D | (b) | | 255 | | | | 178,500 | |
PR Elec Pwr Auth(d) | | | 5.25 | % | | 7/1/2033 | | D | (b) | | 115 | | | | 80,500 | |
PR Elec Pwr Auth(d) | | | 7.00 | % | | 7/1/2040 | | D | (b) | | 450 | | | | 321,750 | |
San Diego Water | | | 5.00 | % | | 8/1/2043 | | Aa3 | | | 1,000 | | | | 1,249,740 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Utilities (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
San Francisco City & Co PUC Wastewater | | | 4.00 | % | | 10/1/2043 | | AA | | $ | 1,250 | | | $ | 1,424,000 | |
Santa Maria Wtr & Wastewtr | | | 5.00 | % | | 2/1/2027 | | AA- | | | 1,000 | | | | 1,075,090 | |
Silicon Valley Clean Wtr | | | 4.00 | % | | 8/1/2046 | | AA | | | 1,500 | | | | 1,693,920 | |
South Placer Wtr Auth | | | 5.00 | % | | 11/1/2035 | | Aa3 | | | 500 | | | | 720,910 | |
Southern CA Pub Pwr Auth - Apex | | | 5.00 | % | | 7/1/2038 | | AA- | | | 1,000 | | | | 1,147,990 | |
Southern CA Pub Pwr Auth - Goldman Sachs | | 1.93% (3 Mo. LIBOR * .67 + 1.47 | %)# | | 11/1/2038 | | A3 | | | 770 | | | | 690,328 | (e) |
Southern CA Pub Pwr Auth - Goldman Sachs | | | 5.00 | % | | 11/1/2033 | | A3 | | | 4,655 | | | | 6,010,815 | |
Stockton PFA - Wastewater (BAM) | | | 5.00 | % | | 9/1/2029 | | AA | | | 1,000 | | | | 1,146,110 | |
Transbay Pwr Auth | | | 5.00 | % | | 10/1/2025 | | BBB+ | (b) | | 1,130 | | | | 1,306,291 | |
Transbay Pwr Auth | | | 5.00 | % | | 10/1/2027 | | BBB+ | (b) | | 1,245 | | | | 1,482,646 | |
Transbay Pwr Auth | | | 5.00 | % | | 10/1/2029 | | BBB+ | (b) | | 1,370 | | | | 1,665,838 | |
Transbay Pwr Auth | | | 5.00 | % | | 10/1/2031 | | BBB+ | (b) | | 765 | | | | 919,170 | |
Transbay Pwr Auth | | | 5.00 | % | | 10/1/2032 | | BBB+ | (b) | | 1,090 | | | | 1,295,814 | |
Transbay Pwr Auth | | | 5.00 | % | | 10/1/2034 | | BBB+ | (b) | | 300 | | | | 354,030 | |
Transbay Pwr Auth | | | 5.00 | % | | 10/1/2035 | | BBB+ | (b) | | 200 | | | | 235,310 | |
Transbay Pwr Auth | | | 5.00 | % | | 10/1/2038 | | BBB+ | (b) | | 650 | | | | 753,129 | |
Valley Co Wtr Dist | | | 4.50 | % | | 1/1/2048 | | AA- | | | 1,245 | | | | 1,442,121 | |
Total | | | | | | | | | | | | | | | 60,672,853 | |
Total Municipal Bonds (cost $474,643,650) | | | | | | | | | | | | 500,205,470 | |
| | Interest Rate# | | | Interest Rate Reset Date(f) | | Final Maturity Date | | | | | | | | | | |
SHORT-TERM INVESTMENT 0.65% | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes 0.65% |
| | | | | | | | | | | | | | | | | | |
General Obligation | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
CA State GO (cost $3,300,000) | | | 0.05 | % | | 7/1/2020 | | 5/1/2034 | | AAA | | | 3,300 | | | | 3,300,000 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
| | Fair Value | |
Total Investments in Securities 99.40% (cost $477,943,650) | | $ | 503,505,470 | |
Cash and Other Assets in Excess of Liabilities(g) 0.60% | | | 3,036,766 | |
Net Assets 100.00% | | $ | 506,542,236 | |
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. |
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 June 30, 2020. |
† | 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 June 30, 2020, the total value of Rule 144A securities was $17,932,146, which represents 3.54% of net assets. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon 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) | 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. |
(f) | 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. |
(g) | Cash and Other Assets in Excess of Liabilities include net unrealized depreciation on open futures contracts as follows: |
Open Futures Contracts at June 30, 2020:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Depreciation | |
U.S. Long Bond | | September 2020 | | 26 | | Short | | $ | (4,612,484 | ) | | $ | (4,642,625 | ) | | $ | (30,141 | ) |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
The following is a summary of the inputs used as of June 30, 2020 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 | | | | | | | | | | | | | | | | |
Transportation | | $ | — | | | $ | 97,035,910 | | | $ | 797,880 | | | $ | 97,833,790 | |
Utilities | | | — | | | | 59,982,525 | | | | 690,328 | | | | 60,672,853 | |
Remaining Industries | | | — | | | | 341,698,827 | | | | — | | | | 341,698,827 | |
Short-Term Investment | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes | | | — | | | | 3,300,000 | | | | — | | | | 3,300,000 | |
Total | | $ | — | | | $ | 502,017,262 | | | $ | 1,488,208 | | | $ | 503,505,470 | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Liabilities | | | (30,141 | ) | | | — | | | | — | | | | (30,141 | ) |
Total | | $ | (30,141 | ) | | $ | — | | | $ | — | | | $ | (30,141 | ) |
(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. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - CALIFORNIA TAX FREE FUND June 30, 2020
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 | | $ | — | |
Accrued Discounts (Premiums) | | | 21,153 | |
Realized Gain (Loss) | | | — | |
Change in Unrealized Appreciation (Depreciation) | | | (81,744 | ) |
Purchases | | | — | |
Sales | | | — | |
Transfers into Level 3 | | | 1,548,799 | |
Transfers out of Level 3 | | | — | |
Balance as of June 30, 2020 | | $ | 1,488,208 | |
Change in unrealized appreciation/depreciation for the period ended June 30, 2020, related to Level 3 investments held at June 30, 2020 | | $ | (81,744 | ) |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | | Fair Value | |
MUNICIPAL BONDS 98.46% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Corporate-Backed 3.30% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Gloucester Co Poll Ctl - Logan AMT | | | 5.00 | % | | 12/1/2024 | | BBB- | | $ | 210 | | | $ | 218,877 | |
NJ EDA - Continental Airlines AMT | | | 5.25 | % | | 9/15/2029 | | BB- | | | 1,675 | | | | 1,708,215 | |
NJ EDA - Continental Airlines AMT | | | 5.50 | % | | 4/1/2028 | | BB- | | | 320 | | | | 313,552 | |
NJ EDA - Continental Airlines AMT | | | 5.50 | % | | 6/1/2033 | | BB- | | | 350 | | | | 356,227 | |
NJ EDA - Goethals Brdg AMT | | | 5.00 | % | | 7/1/2023 | | A2 | | | 70 | | | | 76,946 | |
NJ EDA - Goethals Brdg AMT | | | 5.00 | % | | 1/1/2028 | | A2 | | | 100 | | | | 110,412 | |
NJ EDA - Goethals Brdg AMT (AGM) | | | 5.00 | % | | 1/1/2031 | | AA | | | 225 | | | | 252,232 | |
Salem Co Poll Ctl - Chambers AMT | | | 5.00 | % | | 12/1/2023 | | BBB | | | 1,065 | | | | 1,116,599 | |
Total | | | | | | | | | | | | | | | 4,153,060 | |
| | | | | | | | | | | | | | | | |
Education 8.14% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Gloucester Co Impt Auth - Rowan Univ GTD | | | 5.00 | % | | 7/1/2044 | | Aa1 | | | 370 | | | | 457,065 | |
NJ Ed Facs - Kean Univ (AGM) | | | 5.00 | % | | 7/1/2027 | | AA | | | 325 | | | | 379,740 | |
NJ Ed Facs - NJ City Univ (AGM) | | | 5.00 | % | | 7/1/2030 | | AA | | | 840 | | | | 973,283 | |
NJ Ed Facs - Princeton Univ | | | 5.00 | % | | 7/1/2025 | | AAA | | | 420 | | | | 496,402 | |
NJ Ed Facs - Seton Hall Univ | | | 4.00 | % | | 7/1/2046 | | BBB+ | | | 545 | | | | 560,151 | |
NJ Ed Facs - Seton Hall Univ (AGM) | | | 3.25 | % | | 7/1/2049 | | AA | | | 250 | | | | 254,815 | |
NJ Ed Facs - Stockton Univ | | | 5.00 | % | | 7/1/2034 | | BBB+ | | | 325 | | | | 359,613 | |
NJ Ed Facs - Stockton Univ | | | 5.00 | % | | 7/1/2041 | | Baa1 | | | 800 | | | | 890,352 | |
NJ Ed Facs - William Paterson Univ (BAM) | | | 5.00 | % | | 7/1/2027 | | AA | | | 500 | | | | 597,165 | |
NJ EDA - Montclair St Univ (AGM) | | | 5.00 | % | | 6/1/2042 | | AA | | | 500 | | | | 578,940 | |
NJ EDA - Stevens Inst Tech | | | 3.00 | % | | 7/1/2050 | | BBB+ | | | 1,000 | | | | 930,120 | |
NJ EDA - Stevens Inst Tech | | | 4.00 | % | | 7/1/2050 | | BBB+ | | | 200 | | | | 204,268 | |
NJ Higher Ed Assistance Auth AMT | | | 3.25 | % | | 12/1/2039 | | Aa1 | | | 650 | | | | 636,343 | |
NJ Higher Ed Assistance Auth AMT | | | 4.125 | % | | 12/1/2024 | | Aaa | | | 450 | | | | 473,211 | |
NJ Higher Ed Assistance Auth AMT | | | 5.00 | % | | 12/1/2021 | | Aaa | | | 1,000 | | | | 1,049,700 | |
NJ Higher Ed Assistance Auth AMT | | | 5.00 | % | | 12/1/2022 | | Aaa | | | 750 | | | | 806,985 | |
NJ Inst of Tech | | | 5.00 | % | | 7/1/2033 | | A1 | | | 170 | | | | 212,651 | |
Rutgers State Univ | | | 5.00 | % | | 5/1/2028 | | Aa3 | | | 300 | | | | 386,517 | |
Total | | | | | | | | | | | | | | | 10,247,321 | |
| | | | | | | | | | | | | | | | |
Financial Services 0.19% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NJ Higher Ed Assistance Auth AMT | | | 5.00 | % | | 12/1/2028 | | Aaa | | | 200 | | | | 236,718 | |
| | | | | | | | | | | | | | | | |
General Obligation 8.89% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Atlantic City GO (AGM) | | | 5.00 | % | | 3/1/2037 | | AA | | | 500 | | | | 596,660 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
General Obligation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Atlantic City GO (BAM) | | | 5.00 | % | | 3/1/2042 | | AA | | $ | 750 | | | $ | 885,510 | |
Cumberland Co Impt Auth (BAM) | | | 4.00 | % | | 10/1/2048 | | AA | | | 750 | | | | 856,035 | |
Essex Co GO GTD | | | 4.00 | % | | 11/1/2049 | | Aaa | | | 1,125 | | | | 1,255,241 | |
Essex Co Impt Auth - Covanta AMT† | | | 5.25 | % | | 7/1/2045 | | Ba3 | | | 400 | | | | 401,108 | |
Gloucester Co Impt Auth - Rowan Univ GTD | | | 4.00 | % | | 7/1/2048 | | Aa1 | | | 510 | | | | 584,674 | |
Hudson Co Impt Auth - Solid Waste GTD | | | 4.00 | % | | 1/1/2040 | | AA | | | 500 | | | | 581,825 | |
Jersey City GO | | | 5.00 | % | | 11/1/2033 | | AA- | | | 135 | | | | 167,481 | |
Mercer Cnty GO | | | 4.00 | % | | 3/15/2040 | | AA+ | | | 190 | | | | 224,673 | |
Mercer Cnty GO | | | 4.00 | % | | 4/1/2031 | | AA+ | | | 200 | | | | 247,006 | |
Newark Hsg Auth - Port Newark | | | 4.00 | % | | 1/1/2037 | | A+ | | | 550 | | | | 606,727 | |
NJ State GO | | | 2.50 | % | | 6/1/2038 | | A- | | | 1,000 | | | | 976,130 | |
NJ State GO | | | 5.00 | % | | 6/1/2027 | | A- | | | 680 | | | | 838,087 | |
NJ State GO | | | 5.00 | % | | 6/1/2027 | | A- | | | 185 | | | | 216,006 | |
PR Comwlth GO(a) | | | 5.375 | % | | 7/1/2030 | | Ca | | | 1,000 | | | | 637,500 | |
PR Comwlth GO(a) | | | 5.625 | % | | 7/1/2032 | | Ca | | | 100 | | | | 64,000 | |
Rutherford BOE | | | 2.50 | % | | 12/15/2034 | | AA- | | | 1,000 | | | | 1,021,560 | |
Union Co Util Auth - Covanta GTD AMT | | | 4.75 | % | | 12/1/2031 | | AA+ | | | 1,000 | | | | 1,038,460 | |
Total | | | | | | | | | | | | | | | 11,198,683 | |
| | | | | | | | | | | | | | | | |
Health Care 12.42% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Camden Co Impt Auth - Cooper Hlth | | | 5.00 | % | | 2/15/2030 | | BBB+ | | | 500 | | | | 547,995 | |
Camden Co Impt Auth - Cooper Hlth | | | 5.00 | % | | 2/15/2032 | | BBB+ | | | 500 | | | | 544,110 | |
Camden Co Impt Auth - Cooper Hlth | | | 5.75 | % | | 2/15/2042 | | BBB+ | | | 425 | | | | 455,876 | |
NJ EDA - Bancroft Neuro | | | 5.00 | % | | 6/1/2036 | | NR | | | 220 | | | | 235,906 | |
NJ Hlth - AHS Hsp Corp | | | 5.00 | % | | 7/1/2030 | | AA- | | | 105 | | | | 127,492 | |
NJ Hlth - AHS Hsp Corp | | | 5.00 | % | | 7/1/2031 | | AA- | | | 125 | | | | 151,074 | |
NJ Hlth - Hackensack Meridian Hlth | | | 5.00 | % | | 7/1/2027 | | AA- | | | 300 | | | | 373,104 | |
NJ Hlth - Hackensack Meridian Hlth | | | 5.00 | % | | 7/1/2029 | | AA- | | | 620 | | | | 765,793 | |
NJ Hlth - Hackensack Meridian Hlth | | | 5.00 | % | | 7/1/2031 | | AA- | | | 640 | | | | 782,733 | |
NJ Hlth - Hackensack Meridian Hlth | | | 5.00 | % | | 7/1/2033 | | AA- | | | 260 | | | | 314,535 | |
NJ Hlth - Hunterdon Med Ctr | | | 5.00 | % | | 7/1/2034 | | A- | | | 500 | | | | 553,215 | |
NJ Hlth - Inspira Hlth | | | 4.00 | % | | 7/1/2047 | | A2 | | | 730 | | | | 785,319 | |
NJ Hlth - Inspira Hlth | | | 5.00 | % | | 7/1/2034 | | A2 | | | 250 | | | | 290,598 | |
NJ Hlth - Inspira Hlth | | | 5.00 | % | | 7/1/2035 | | A2 | | | 100 | | | | 117,980 | |
NJ Hlth - Inspira Hlth | | | 5.00 | % | | 7/1/2042 | | A2 | | | 545 | | | | 628,510 | |
NJ Hlth - Princeton Hlth | | | 5.00 | % | | 7/1/2039 | | AA | | | 1,000 | | | | 1,170,720 | |
NJ Hlth - Robert Wood Hsp | | | 5.25 | % | | 7/1/2028 | | AA- | | | 500 | | | | 556,970 | |
NJ Hlth - RWJ Barnabas | | | 5.00 | % | | 7/1/2033 | | AA- | | | 1,065 | | | | 1,253,505 | |
NJ Hlth - RWJ Barnabas | | | 5.00 | % | | 7/1/2043 | | AA- | | | 850 | | | | 979,497 | |
NJ Hlth - St Josephs Hlth | | | 5.00 | % | | 7/1/2027 | | BBB- | | | 100 | | | | 116,568 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Health Care (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NJ Hlth - St Josephs Hlth | | | 5.00 | % | | 7/1/2041 | | BBB- | | $ | 750 | | | $ | 832,530 | |
NJ Hlth - St Peters Univ Hsp | | | 5.75 | % | | 7/1/2037 | | BB+ | | | 600 | | | | 601,848 | |
NJ Hlth - Trinitas Hsp | | | 5.00 | % | | 7/1/2030 | | BBB | | | 245 | | | | 288,245 | |
NJ Hlth - Univ Hosp (AGM) | | | 5.00 | % | | 7/1/2046 | | AA | | | 1,000 | | | | 1,080,680 | |
NJ Hlth Fin Auth - Valley Health | | | 4.00 | % | | 7/1/2044 | | A | | | 1,000 | | | | 1,095,340 | |
NJ Hlth Fin Auth - Valley Health | | | 5.00 | % | | 7/1/2028 | | A | | | 540 | | | | 671,458 | |
NJ Hlth Fin Auth - Valley Health | | | 5.00 | % | | 7/1/2030 | | A | | | 255 | | | | 321,185 | |
Total | | | | | | | | | | | | | | | 15,642,786 | |
| | | | | | | | | | | | | | | | |
Housing 0.85% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NJ EDA - Rowan Univ Pptys | | | 5.00 | % | | 1/1/2035 | | BBB- | | | 1,000 | | | | 971,880 | |
NJ Hsg and Mtg Fin Auth | | | 3.15 | % | | 5/1/2053 | | AA- | | | 100 | | | | 104,625 | |
Total | | | | | | | | | | | | | | | 1,076,505 | |
| | | | | | | | | | | | | | | | |
Lease Obligations 22.52% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Gloucester Co Impt Auth - Rowan Univ (AGM) | | | 5.00 | % | | 11/1/2029 | | AA | | | 250 | | | | 300,468 | |
Gloucester Co Impt Auth - Rowan Univ (AGM) | | | 5.00 | % | | 11/1/2030 | | AA | | | 290 | | | | 346,973 | |
NJ Ed Facs - Higher Ed Cap Impt | | | 5.00 | % | | 9/1/2024 | | BBB+ | | | 125 | | | | 137,729 | |
NJ Ed Facs - Higher Ed Cap Impt | | | 5.00 | % | | 9/1/2026 | | BBB+ | | | 235 | | | | 256,723 | |
NJ Ed Facs - Higher Ed Cap Impt | | | 5.00 | % | | 9/1/2033 | | BBB+ | | | 1,060 | | | | 1,132,864 | |
NJ Ed Facs - Higher Ed Cap Impt | | | 5.00 | % | | 9/1/2036 | | BBB+ | | | 535 | | | | 582,594 | |
NJ Ed Facs - Higher Ed Cap Impt | | | 5.50 | % | | 9/1/2033 | | BBB+ | | | 410 | | | | 461,828 | |
NJ EDA - Bldgs | | | 5.00 | % | | 6/15/2047 | | BBB+ | | | 540 | | | | 585,085 | |
NJ EDA - Goethals Brdg AMT | | | 5.375 | % | | 1/1/2043 | | BBB | | | 1,560 | | | | 1,710,946 | |
NJ EDA - Goethals Brdg AMT | | | 5.625 | % | | 1/1/2052 | | BBB | | | 210 | | | | 231,718 | |
NJ EDA - Motor Vehicle Surcharge Sub Rev | | | 5.00 | % | | 7/1/2033 | | BBB+ | | | 565 | | | | 627,732 | |
NJ EDA - Sch Facs | | | 4.00 | % | | 6/15/2030 | | BBB+ | | | 745 | | | | 772,550 | |
NJ EDA - Sch Facs | | | 4.00 | % | | 6/15/2044 | | BBB+ | | | 525 | | | | 535,248 | |
NJ EDA - Sch Facs | | | 4.00 | % | | 6/15/2049 | | BBB+ | | | 1,390 | | | | 1,412,588 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2024 | | BBB+ | | | 190 | | | | 208,555 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 3/1/2026 | | BBB+ | | | 1,410 | | | | 1,497,124 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2026 | | BBB+ | | | 145 | | | | 160,931 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 11/1/2027 | | BBB+ | | | 180 | | | | 206,948 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 3/1/2028 | | BBB+ | | | 375 | | | | 396,536 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2029 | | BBB+ | | | 500 | | | | 568,110 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2030 | | BBB+ | | | 160 | | | | 172,334 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2031 | | BBB+ | | | 715 | | | | 767,581 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2034 | | BBB+ | | | 390 | | | | 414,905 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 3/1/2035 | | BBB+ | | | 250 | | | | 258,770 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Lease Obligations (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2035 | | BBB+ | | $ | 640 | | | $ | 701,907 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2042 | | BBB+ | | | 480 | | | | 520,718 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 6/15/2048 | | BBB+ | | | 500 | | | | 545,105 | |
NJ EDA - Sch Facs | | | 5.25 | % | | 9/1/2026 | | BBB+ | | | 405 | | | | 414,169 | |
NJ EDA - State House Proj | | | 5.00 | % | | 6/15/2035 | | BBB+ | | | 750 | | | | 843,413 | |
NJ EDA - Transit | | | 5.00 | % | | 11/1/2033 | | BBB+ | | | 500 | | | | 570,885 | |
NJ EDA - Transit Proj | | | 5.00 | % | | 11/1/2025 | | BBB+ | | | 520 | | | | 583,346 | |
NJ Hlth - Hsp Asset Trans | | | 5.00 | % | | 10/1/2038 | | BBB+ | | | 520 | | | | 563,030 | |
NJ Trans Trust Fund | | | Zero Coupon | | | 12/15/2031 | | BBB+ | | | 1,770 | | | | 1,162,943 | |
NJ Trans Trust Fund | | | Zero Coupon | | | 12/15/2038 | | BBB+ | | | 1,050 | | | | 486,896 | |
NJ Trans Trust Fund | | | 3.25 | % | | 6/15/2039 | | BBB+ | | | 360 | | | | 334,048 | |
NJ Trans Trust Fund | | | 4.00 | % | | 12/15/2039 | | BBB+ | | | 1,000 | | | | 1,031,330 | |
NJ Trans Trust Fund | | | 4.00 | % | | 6/15/2050 | | BBB+ | | | 1,000 | | | | 1,014,320 | |
NJ Trans Trust Fund | | | 4.25 | % | | 12/15/2038 | | BBB+ | | | 295 | | | | 310,679 | |
NJ Trans Trust Fund | | | 4.75 | % | | 6/15/2038 | | BBB+ | | | 980 | | | | 1,035,282 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2030 | | A+ | | | 545 | | | | 605,544 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2031 | | A+ | | | 400 | | | | 441,408 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2036 | | BBB+ | | | 270 | | | | 282,201 | |
NJ Trans Trust Fund | | | 5.00 | % | | 12/15/2036 | | BBB+ | | | 530 | | | | 592,747 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2038 | | BBB+ | | | 1,380 | | | | 1,457,791 | |
NJ Trans Trust Fund | | | 5.25 | % | | 6/15/2041 | | BBB+ | | | 205 | | | | 220,492 | |
NJ Trans Trust Fund | | | 5.25 | % | | 6/15/2043 | | BBB+ | | | 720 | | | | 804,434 | |
PR Infra Fin Auth - Mepsi Campus(a) | | | 6.50 | % | | 10/1/2037 | | NR | | | 500 | | | | 101,250 | |
Total | | | | | | | | | | | | | | | 28,370,778 | |
| | | | | | | | | | | | | | | | |
Other Revenue 0.67% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Middlesex Co Impt Auth - Heldrich Ctr(a) | | | 6.25 | % | | 1/1/2037 | | NR | | | 1,300 | | | | 26,000 | |
NJ EDA - Bancroft Neuro | | | 5.00 | % | | 6/1/2041 | | NR | | | 350 | | | | 371,476 | |
NJ EDA - Sch Facs | | | 5.00 | % | | 3/1/2027 | | BBB+ | | | 420 | | | | 444,809 | |
Total | | | | | | | | | | | | | | | 842,285 | |
| | | | | | | | | | | | | | | | |
Special Tax 0.59% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NJ EDA - Kapkowski Rd Landfill | | | 6.50 | % | | 4/1/2028 | | Ba2 | | | 675 | | | | 740,070 | |
| | | | | | | | | | | | | | | | |
Tax Revenue 4.71% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Casino Reinv Dev Auth | | | 5.25 | % | | 11/1/2039 | | BBB+ | | | 525 | | | | 535,143 | |
Casino Reinv Dev Auth (AGM) | | | 5.00 | % | | 11/1/2032 | | AA | | | 500 | | | | 543,230 | |
Garden St Preservation Trust (AGM) | | | 5.75 | % | | 11/1/2028 | | AA | | | 1,205 | | | | 1,499,345 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Tax Revenue (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NJ EDA - Cigarette Tax | | | 4.25 | % | | 6/15/2027 | | BBB+ | | $ | 550 | | | $ | 556,396 | |
NJ EDA - Cigarette Tax | | | 5.00 | % | | 6/15/2025 | | BBB+ | | | 330 | | | | 340,907 | |
NJ EDA - Cigarette Tax | | | 5.00 | % | | 6/15/2029 | | BBB+ | | | 120 | | | | 122,886 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2029 | | NR | | | 18 | | | | 13,763 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2031 | | NR | | | 235 | | | | 165,746 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2033 | | NR | | | 598 | | | | 387,313 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2051 | | NR | | | 1,940 | | | | 396,226 | |
PR Corp Sales Tax | | | 4.329 | % | | 7/1/2040 | | NR | | | 96 | | | | 96,684 | |
PR Corp Sales Tax | | | 4.329 | % | | 7/1/2040 | | NR | | | 492 | | | | 495,508 | |
PR Corp Sales Tax | | | 4.536 | % | | 7/1/2053 | | NR | | | 3 | | | | 3,047 | |
PR Corp Sales Tax | | | 4.55 | % | | 7/1/2040 | | NR | | | 19 | | | | 19,418 | |
PR Corp Sales Tax | | | 4.75 | % | | 7/1/2053 | | NR | | | 267 | | | | 275,053 | |
PR Corp Sales Tax | | | 4.784 | % | | 7/1/2058 | | NR | | | 40 | | | | 41,342 | |
PR Corp Sales Tax | | | 5.00 | % | | 7/1/2058 | | NR | | | 420 | | | | 440,181 | |
Total | | | | | | | | | | | | | | | 5,932,188 | |
| | | | | | | | | | | | | | | | |
Tobacco 3.81% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NJ EDA - Cigarette Tax | | | 5.00 | % | | 6/15/2026 | | BBB+ | | | 1,025 | | | | 1,055,842 | |
Tobacco Settlement Fin Corp NJ | | | 5.00 | % | | 6/1/2046 | | BB+ | | | 2,350 | | | | 2,581,546 | |
Tobacco Settlement Fin Corp NJ | | | 5.25 | % | | 6/1/2046 | | BBB+ | | | 1,000 | | | | 1,165,860 | |
Total | | | | | | | | | | | | | | | 4,803,248 | |
| | | | | | | | | | | | | | | | |
Transportation 23.77% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Delaware River & Bay Auth | | | 4.00 | % | | 1/1/2044 | | A1 | | | 800 | | | | 898,752 | |
Delaware River & Bay Auth | | | 5.00 | % | | 1/1/2042 | | A1 | | | 1,025 | | | | 1,099,200 | |
Delaware River Port Auth | | | 5.00 | % | | 1/1/2022 | | A | | | 1,115 | | | | 1,178,711 | |
Delaware River Port Auth | | | 5.00 | % | | 1/1/2024 | | A | | | 360 | | | | 378,036 | |
Delaware River Port Auth | | | 5.00 | % | | 1/1/2028 | | A+ | | | 525 | | | | 593,213 | |
Delaware River Port Auth | | | 5.00 | % | | 1/1/2034 | | A+ | | | 505 | | | | 562,161 | |
Delaware River Port Auth | | | 5.00 | % | | 1/1/2040 | | A+ | | | 515 | | | | 621,996 | |
Delaware River Toll Brdg Commn | | | 3.00 | % | | 7/1/2049 | | A1 | | | 1,000 | | | | 1,057,820 | |
Delaware River Toll Brdg Commn | | | 4.00 | % | | 7/1/2047 | | A1 | | | 1,205 | | | | 1,345,780 | |
Delaware River Toll Brdg Commn | | | 5.00 | % | | 7/1/2030 | | A1 | | | 280 | | | | 355,410 | |
NJ EDA - Goethals Brdg AMT (AGM) | | | 5.125 | % | | 1/1/2039 | | AA | | | 925 | | | | 1,027,407 | |
NJ EDA - Port Newark AMT | | | 5.00 | % | | 10/1/2047 | | Ba1 | | | 750 | | | | 812,437 | |
NJ EDA - Transit | | | 4.00 | % | | 11/1/2044 | | BBB+ | | | 250 | | | | 254,635 | |
NJ Tpk Auth | | | 4.00 | % | | 1/1/2043 | | A+ | | | 1,010 | | | | 1,093,224 | |
NJ Tpk Auth | | | 4.00 | % | | 1/1/2048 | | A+ | | | 1,000 | | | | 1,083,200 | |
NJ Tpk Auth | | | 5.00 | % | | 1/1/2030 | | A+ | | | 510 | | | | 621,027 | |
NJ Tpk Auth | | | 5.00 | % | | 1/1/2030 | | A+ | | | 585 | | | | 729,021 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NJ Tpk Auth | | | 5.00 | % | | 1/1/2033 | | A+ | | $ | 1,285 | | | $ | 1,456,869 | |
NJ Tpk Auth | | | 5.00 | % | | 1/1/2033 | | A+ | | | 560 | | | | 683,586 | |
NJ Tpk Auth | | | 5.00 | % | | 1/1/2034 | | A+ | | | 510 | | | | 581,737 | |
NJ Tpk Auth | | | 5.00 | % | | 1/1/2034 | | A+ | | | 615 | | | | 732,459 | |
NJ Tpk Auth | | | 5.00 | % | | 1/1/2035 | | A+ | | | 500 | | | | 580,660 | |
NJ Tpk Auth | | | 5.00 | % | | 1/1/2037 | | A+ | | | 305 | | | | 367,223 | |
NJ Tpk Auth (AGM) | | | 5.25 | % | | 1/1/2028 | | AA | | | 810 | | | | 1,052,368 | |
NJ Trans Trust Fund | | | 5.00 | % | | 6/15/2028 | | A+ | | | 1,000 | | | | 1,125,350 | |
Port Auth NY & NJ | | | 4.00 | % | | 9/1/2043 | | Aa3 | | | 850 | | | | 958,698 | |
Port Auth NY & NJ | | | 5.00 | % | | 11/15/2033 | | Aa3 | | | 500 | | | | 617,315 | |
Port Auth NY & NJ | | | 5.00 | % | | 10/15/2035 | | Aa3 | | | 500 | | | | 605,010 | |
Port Auth NY & NJ | | | 5.00 | % | | 7/15/2038 | | Aa3 | | | 400 | | | | 493,576 | |
Port Auth NY & NJ | | | 5.00 | % | | 11/15/2047 | | Aa3 | | | 565 | | | | 676,887 | |
Port Auth NY & NJ - JFK IAT | | | 6.00 | % | | 12/1/2036 | | Baa1 | | | 240 | | | | 241,918 | |
Port Auth NY & NJ - JFK IAT CR (AGM) | | | 6.00 | % | | 12/1/2042 | | AA | | | 205 | | | | 208,926 | |
Port Auth NY & NJ AMT | | | 4.00 | % | | 9/1/2043 | | Aa3 | | | 850 | | | | 945,387 | |
Port Auth NY & NJ AMT | | | 4.00 | % | | 11/1/2059 | | Aa3 | | | 200 | | | | 219,718 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 9/15/2029 | | Aa3 | | | 320 | | | | 400,378 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 9/15/2032 | | Aa3 | | | 505 | | | | 619,034 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 11/15/2032 | | Aa3 | | | 500 | | | | 593,905 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 9/15/2033 | | Aa3 | | | 525 | | | | 640,495 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 10/15/2036 | | Aa3 | | | 1,190 | | | | 1,335,644 | |
South Jersey Port Corp AMT | | | 5.00 | % | | 1/1/2048 | | Baa1 | | | 500 | | | | 525,550 | |
South Jersey Trans Auth | | | 5.00 | % | | 11/1/2039 | | BBB+ | | | 530 | | | | 568,732 | |
Total | | | | | | | | | | | | | | | 29,943,455 | |
| | | | | | | | | | | | | | | | |
Utilities 8.60% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Guam Pwr Auth (AGM) | | | 5.00 | % | | 10/1/2034 | | AA | | | 400 | | | | 438,716 | |
Guam Waterworks Auth | | | 5.00 | % | | 1/1/2050 | | A- | | | 300 | | | | 358,833 | |
Guam Waterworks Auth (Guatemala) | | | 5.00 | % | | 7/1/2036 | | A- | | | 100 | | | | 114,089 | |
NJ EDA - Middlesex Water AMT | | | 4.00 | % | | 8/1/2059 | | A+ | | | 500 | | | | 557,050 | |
NJ EDA - Nat Gas | | | 3.50 | % | | 4/1/2042 | | A1 | | | 1,655 | | | | 1,720,786 | |
NJ EDA - Nat Gas AMT | | | 3.00 | % | | 8/1/2041 | | A1 | | | 1,000 | | | | 1,016,740 | |
NJ EDA - NJ American Wtr Co AMT | | | 2.20 | %#(b) | | 10/1/2039 | | A+ | | | 500 | | | | 518,290 | |
NJ EDA - UMM Energy AMT | | | 4.75 | % | | 6/15/2032 | | Baa2 | | | 1,000 | | | | 1,057,130 | |
NJ Infra Bank-NJ-Am Wtr Co AMT | | | 4.00 | % | | 9/1/2036 | | AAA | | | 335 | | | | 380,078 | |
NJ Infra Bank-NJ-Am Wtr Co AMT | | | 4.00 | % | | 9/1/2047 | | AAA | | | 1,500 | | | | 1,664,055 | |
NJ Tpk Auth | | | 5.00 | % | | 1/1/2031 | | A+ | | | 500 | | | | 619,045 | |
Passaic Valley Swr (NPFGC)(FGIC) | | | 2.50 | % | | 12/1/2032 | | A2 | | | 1,890 | | | | 1,890,945 | |
PR Aqueduct & Swr Auth | | | 6.00 | % | | 7/1/2044 | | Ca | | | 285 | | | | 289,987 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
PR Elec Pwr Auth(a) | | | 5.00 | % | | 7/1/2037 | | NR | | $ | 110 | | | $ | 76,725 | |
PR Elec Pwr Auth(a) | | | 5.75 | % | | 7/1/2036 | | NR | | | 75 | | | | 52,875 | |
PR Elec Pwr Auth(a) | | | 7.00 | % | | 7/1/2040 | | NR | | | 100 | | | | 71,500 | |
Total | | | | | | | | | | | | | | | 10,826,844 | |
Total Municipal Bonds (cost $120,695,089) | | | | | | | | | | 124,013,941 | |
| | Interest Rate# | | | Interest Rate Reset Date(c) | | Final Maturity Date | | | | | | | | |
SHORT-TERM INVESTMENT 0.47% | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes 0.47% | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
Health Care | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
NJ Hlth - Virtua Hlth (cost $600,000) | | | 0.01 | % | | 7/1/2020 | | 7/1/2043 | | AA+ | | | 600 | | | | 600,000 | |
Total Investments in Securities 98.93% (cost $121,295,089) | | | | | | | 124,613,941 | |
Cash and Other Assets in Excess of Liabilities(d) 1.07% | | | | | | | 1,343,311 | |
Net Assets 100.00% | | | | | | $ | 125,957,252 | |
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. |
NR | Not Rated. |
SIFMA | Insured by - Securities Industry and Financial Markets Association. |
| |
† | 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 June 30, 2020, the total value of Rule 144A securities was $401,108, which represents 0.32% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at June 30, 2020. |
(a) | Defaulted (non-income producing security). |
(b) | Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon until designated future date. |
(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 depreciation on futures contracts as follows: |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW JERSEY TAX FREE FUND June 30, 2020
Open Futures Contracts at June 30, 2020:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Depreciation | |
U.S. Long Bond | | September 2020 | | 7 | | Short | | $ | (1,241,823 | ) | | $ | (1,249,938 | ) | | $ | (8,115 | ) |
The following is a summary of the inputs used as of June 30, 2020 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 | | $ | — | | | $ | 124,013,941 | | | $ | — | | | $ | 124,013,941 | |
Short-Term Investment | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes | | | — | | | | 600,000 | | | | — | | | | 600,000 | |
Total | | $ | — | | | $ | 124,613,941 | | | $ | — | | | $ | 124,613,941 | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Liabilities | | | (8,115 | ) | | | — | | | | — | | | | (8,115 | ) |
Total | | $ | (8,115 | ) | | $ | — | | | $ | — | | | $ | (8,115 | ) |
(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 June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
MUNICIPAL BONDS 98.44% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Corporate-Backed 8.59% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Brooklyn Arena LDC - Barclays Ctr | | | Zero Coupon | | | 7/15/2047 | | Ba1 | | $ | 250 | | | $ | 63,060 | |
Brooklyn Arena LDC - Barclays Ctr (AGM) | | | 3.00 | % | | 7/15/2043 | | AA | | | 2,710 | | | | 2,635,068 | |
Build NYC Res Corp - Pratt Paper AMT† | | | 4.50 | % | | 1/1/2025 | | NR | | | 230 | | | | 238,784 | |
Build NYC Res Corp - Pratt Paper AMT† | | | 5.00 | % | | 1/1/2035 | | NR | | | 250 | | | | 262,010 | |
Liberty Dev Corp - Goldman Sachs | | | 5.25 | % | | 10/1/2035 | | A3 | | | 5,545 | | | | 7,496,396 | |
Liberty Dev Corp - Goldman Sachs | | | 5.50 | % | | 10/1/2037 | | A3 | | | 2,800 | | | | 3,931,340 | |
Niagara Area Dev Corp - Covanta AMT† | | | 4.75 | % | | 11/1/2042 | | B1 | | | 1,750 | | | | 1,768,497 | |
NY Env Facs - Casella Waste AMT† | | | 2.875 | %#(a) | | 12/1/2044 | | B | | | 1,500 | | | | 1,431,120 | |
NY Liberty Dev Corp - 3 WTC† | | | 5.00 | % | | 11/15/2044 | | NR | | | 7,655 | | | | 7,946,273 | |
NY Liberty Dev Corp - 3 WTC† | | | 5.15 | % | | 11/15/2034 | | NR | | | 750 | | | | 781,178 | |
NY Liberty Dev Corp - 3 WTC† | | | 7.25 | % | | 11/15/2044 | | NR | | | 1,000 | | | | 1,084,810 | |
NY Liberty Dev Corp - 7 WTC | | | 5.00 | % | | 9/15/2040 | | Aaa | | | 1,015 | | | | 1,075,555 | |
NY Liberty Dev Corp - BofA Tower | | | 2.80 | % | | 9/15/2069 | | Baa2 | | | 2,500 | | | | 2,453,650 | |
NY Trans Dev Corp - American Airlines AMT | | | 5.00 | % | | 8/1/2031 | | B- | | | 3,500 | | | | 3,506,055 | |
NY Trans Dev Corp - American Airlines AMT | | | 5.25 | % | | 8/1/2031 | | B- | | | 1,650 | | | | 1,706,051 | |
NY Trans Dev Corp - American Airlines AMT | | | 5.375 | % | | 8/1/2036 | | B- | | | 1,000 | | | | 1,034,970 | |
NYC Cap Res - Arthur Mgmt | | | 7.00 | % | | 8/1/2025 | | NR | | | 935 | | | | 939,993 | |
NYC IDA - TRIPS AMT | | | 5.00 | % | | 7/1/2028 | | BBB+ | | | 1,825 | | | | 1,929,919 | |
NYC IDA - Yankee Stadium (NPFGC)(FGIC) | | | 4.50 | % | | 3/1/2039 | | Baa1 | | | 1,605 | | | | 1,605,337 | |
Westchester Co - Miriam Osborn Memorial | | | 5.00 | % | | 7/1/2034 | | A- | (b) | | 200 | | | | 217,748 | |
Total | | | | | | | | | | | | | | | 42,107,814 | |
| | | | | | | | | | | | | | | | |
Education 11.55% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Build NYC Res Corp - Manhattan Clg | | | 5.00 | % | | 8/1/2033 | | A- | | | 1,125 | | | | 1,317,622 | |
Build NYC Res Corp - NY Law | | | 5.00 | % | | 7/1/2041 | | BBB- | | | 1,000 | | | | 1,027,420 | |
Build NYC Res Corp - Packer Collegiate | | | 5.00 | % | | 6/1/2040 | | A2 | | | 1,000 | | | | 1,103,940 | |
Dutchess Co LDC - Anderson Ctr | | | 6.00 | % | | 10/1/2030 | | BB+ | | | 775 | | | | 778,154 | |
Dutchess Co LDC - Culinary Institute | | | 5.00 | % | | 7/1/2033 | | Baa2 | | | 390 | | | | 426,547 | |
Dutchess Co LDC - Culinary Institute | | | 5.00 | % | | 7/1/2041 | | Baa2 | | | 200 | | | | 215,178 | |
Dutchess Co LDC - Culinary Institute | | | 5.00 | % | | 7/1/2046 | | Baa2 | | | 275 | | | | 293,881 | |
Dutchess Co LDC - Vassar College | | | 5.00 | % | | 7/1/2034 | | Aa3 | | | 250 | | | | 302,490 | |
Hempstead Town LDC - Adelphi Univ | | | 4.00 | % | | 2/1/2039 | | A- | | | 2,110 | | | | 2,274,685 | |
Hempstead Town LDC - Hofstra Univ | | | 5.00 | % | | 7/1/2042 | | A | | | 545 | | | | 624,009 | |
Hempstead Town LDC - Molloy Clg | | | 5.00 | % | | 7/1/2034 | | BBB | | | 825 | | | | 937,720 | |
Hempstead Town LDC - Molloy Clg | | | 5.00 | % | | 7/1/2037 | | BBB | | | 630 | | | | 710,180 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Education (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Hempstead Town LDC - Molloy Clg | | | 5.00 | % | | 7/1/2039 | | BBB | | $ | 555 | | | $ | 622,799 | |
Monroe Co IDA - Univ of Rochester | | | 5.00 | % | | 7/1/2031 | | AA- | | | 350 | | | | 433,279 | |
New Rochelle LDC - Iona Clg | | | 5.00 | % | | 7/1/2028 | | BBB | | | 205 | | | | 228,653 | |
New Rochelle LDC - Iona Clg | | | 5.00 | % | | 7/1/2029 | | BBB | | | 250 | | | | 278,027 | |
New Rochelle LDC - Iona Clg | | | 5.00 | % | | 7/1/2030 | | BBB | | | 220 | | | | 243,241 | |
New Rochelle LDC - Iona Clg | | | 5.00 | % | | 7/1/2031 | | BBB | | | 200 | | | | 220,030 | |
NY Dorm - Barnard Clg | | | 5.00 | % | | 7/1/2028 | | A2 | | | 590 | | | | 689,757 | |
NY Dorm - Fordham Univ | | | 4.00 | % | | 7/1/2050 | | A | | | 3,500 | | | | 3,825,570 | |
NY Dorm - Fordham Univ | | | 5.00 | % | | 7/1/2035 | | A | | | 550 | | | | 639,699 | |
NY Dorm - Long Island Univ | | | 5.00 | % | | 9/1/2026 | | BBB+ | | | 1,000 | | | | 1,058,120 | |
NY Dorm - Mt Sinai Sch Med | | | 5.00 | % | | 7/1/2040 | | A- | | | 2,000 | | | | 2,218,480 | |
NY Dorm - NYU | | | 4.00 | % | | 7/1/2045 | | Aa2 | | | 1,000 | | | | 1,155,140 | |
NY Dorm - NYU | | | 5.00 | % | | 7/1/2028 | | Aa2 | | | 1,000 | | | | 1,272,950 | |
NY Dorm - NYU | | | 5.00 | % | | 7/1/2029 | | Aa2 | | | 1,000 | | | | 1,267,860 | |
NY Dorm - NYU | | | 5.00 | % | | 7/1/2042 | | Aa2 | | | 1,500 | | | | 1,884,105 | |
NY Dorm - Pace Univ | | | 4.00 | % | | 5/1/2022 | | NR | | | 25 | | | | 26,716 | |
NY Dorm - Pace Univ | | | 5.00 | % | | 5/1/2023 | | NR | | | 20 | | | | 22,660 | |
NY Dorm - Pace Univ | | | 5.00 | % | | 5/1/2023 | | BBB- | | | 905 | | | | 991,464 | |
NY Dorm - PIT | | | 5.00 | % | | 2/15/2039 | | AA+ | | | 1,000 | | | | 1,201,970 | |
NY Dorm - PIT | | | 5.00 | % | | 2/15/2041 | | NR | | | 5 | | | | 6,531 | |
NY Dorm - PIT | | | 5.00 | % | | 2/15/2041 | | AA+ | | | 2,995 | | | | 3,626,586 | |
NY Dorm - Pratt Institute | | | 5.00 | % | | 7/1/2034 | | A2 | | | 1,035 | | | | 1,152,297 | |
NY Dorm - Pratt Institute | | | 5.00 | % | | 7/1/2039 | | A2 | | | 1,010 | | | | 1,163,904 | |
NY Dorm - St Johns Univ | | | 5.00 | % | | 7/1/2027 | | A- | | | 250 | | | | 287,812 | |
NY Dorm - SUNY | | | 3.00 | % | | 7/1/2042 | | Aa3 | | | 2,790 | | | | 2,919,791 | |
NY Dorm - SUNY Empire Commons | | | 5.00 | % | | 5/1/2030 | | A | | | 350 | | | | 394,355 | |
NY Dorm - SUNY Empire Commons | | | 5.00 | % | | 5/1/2032 | | A | | | 250 | | | | 278,960 | |
NY Dorm - The New School | | | 5.00 | % | | 7/1/2028 | | A- | | | 780 | | | | 924,121 | |
NY Dorm - Touro Clg | | | 5.00 | % | | 1/1/2047 | | BBB- | (b) | | 1,500 | | | | 1,579,785 | |
NY Dorm - Touro Clg | | | 5.25 | % | | 1/1/2034 | | BBB- | (b) | | 1,225 | | | | 1,300,448 | |
Onondaga CDC - Upstate Prop Dev | | | 5.50 | % | | 12/1/2031 | | A+ | | | 1,000 | | | | 1,072,490 | |
Rochester Institute of Technology | | | 4.00 | % | | 7/1/2044 | | A1 | | | 4,510 | | | | 5,116,505 | |
Rochester Institute of Technology | | | 5.00 | % | | 7/1/2049 | | A1 | | | 1,530 | | | | 1,880,018 | |
St Lawrence IDA - Clarkson Univ | | | 6.00 | % | | 9/1/2034 | | Baa1 | | | 1,625 | | | | 1,681,534 | |
Troy Cap Res Corp - RPI | | | 5.00 | % | | 8/1/2032 | | A3 | | | 1,405 | | | | 1,586,751 | |
Univ of Rochester | | | 4.00 | % | | 7/1/2043 | | AA- | | | 1,000 | | | | 1,114,870 | |
Westchester Co - Miriam Osborn Memorial | | | 5.00 | % | | 7/1/2042 | | A- | (b) | | 450 | | | | 485,514 | |
Westchester Co - Sarah Lawrence College | | | 4.00 | % | | 6/1/2033 | | BBB | | | 1,700 | | | | 1,748,688 | |
Total | | | | | | | | | | | | | | | 56,613,306 | |
| | | | | | | | | | | | | | | | |
General Obligation 6.27% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
City of Syracuse | | | 4.00 | % | | 5/15/2034 | | A1 | | | 725 | | | | 821,708 | |
Erie CO GO | | | 5.00 | % | | 9/15/2028 | | AA- | | | 275 | | | | 335,165 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
General Obligation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Jefferson Co - Samaritan Med Ctr | | | 5.00 | % | | 11/1/2037 | | BBB- | | $ | 2,000 | | | $ | 2,326,360 | (c) |
NY Dorm - Sch Dist (AGM) | | | 5.00 | % | | 10/1/2027 | | AA | | | 1,000 | | | | 1,187,420 | |
NYC GO | | | 4.00 | % | | 3/1/2050 | | Aa1 | | | 1,500 | | | | 1,707,735 | |
NYC GO | | | 5.00 | % | | 8/1/2026 | | Aa1 | | | 1,750 | | | | 2,094,592 | |
NYC GO | | | 5.00 | % | | 8/1/2026 | | Aa1 | | | 1,000 | | | | 1,243,030 | |
NYC GO | | | 5.00 | % | | 8/1/2027 | | Aa1 | | | 1,700 | | | | 1,998,435 | |
NYC GO | | | 5.00 | % | | 8/1/2027 | | Aa1 | | | 1,410 | | | | 1,532,050 | |
NYC GO | | | 5.00 | % | | 8/1/2029 | | Aa1 | | | 3,000 | | | | 3,671,340 | |
NYC GO | | | 5.00 | % | | 10/1/2034 | | Aa1 | | | 1,500 | | | | 1,627,965 | |
NYC GO | | | 5.00 | % | | 10/1/2039 | | Aa1 | | | 1,000 | | | | 1,208,440 | |
NYC GO | | | 5.00 | % | | 8/1/2043 | | Aa1 | | | 1,250 | | | | 1,549,237 | |
NYC GO | | | 5.00 | % | | 12/1/2044 | | Aa1 | | | 2,535 | | | | 3,091,711 | |
NYC GO | | | 5.00 | % | | 4/1/2045 | | Aa1 | | | 1,380 | | | | 1,660,057 | |
PR Comwlth GO(d) | | | 5.00 | % | | 7/1/2027 | | Ca | | | 65 | | | | 45,744 | |
PR Comwlth GO(d) | | | 5.125 | % | | 7/1/2028 | | Ca | | | 155 | | | | 107,919 | |
PR Comwlth GO(d) | | | 5.375 | % | | 7/1/2030 | | Ca | | | 4,185 | | | | 2,667,937 | |
PR Comwlth GO(d) | | | 5.50 | % | | 7/1/2027 | | Ca | | | 60 | | | | 39,375 | |
PR Comwlth GO(d) | | | 6.125 | % | | 7/1/2033 | | Ca | | | 170 | | | | 119,638 | |
Suffolk Co GO (AGM) | | | 5.00 | % | | 2/1/2025 | | AA | | | 1,460 | | | | 1,680,256 | |
Total | | | | | | | | | | | | | | | 30,716,114 | |
| | | | | | | | | | | | | | | | |
Health Care 10.59% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Buffalo & Erie IDC - Catholic Hlth | | | 5.00 | % | | 7/1/2025 | | BBB | | | 300 | | | | 346,566 | |
Buffalo & Erie IDC - Orchard Park | | | 5.00 | % | | 11/15/2037 | | BBB- | (b) | | 1,000 | | | | 1,023,560 | |
Dutchess Co Dev Corp - Nuvance Hlt | | | 4.00 | % | | 7/1/2044 | | A- | | | 1,250 | | | | 1,354,675 | |
Dutchess Co Dev Corp - Nuvance Hlt | | | 4.00 | % | | 7/1/2049 | | A- | | | 2,000 | | | | 2,159,080 | |
Dutchess Co LDC - Health Quest | | | 5.00 | % | | 7/1/2034 | | A- | | | 500 | | | | 590,895 | |
Dutchess Co LDC - Health Quest | | | 5.00 | % | | 7/1/2035 | | A- | | | 1,500 | | | | 1,712,820 | |
Genesee Co IDA - United Mem Med Ctr | | | 5.00 | % | | 12/1/2032 | | NR | | | 1,100 | | | | 1,103,157 | |
Monroe Co - St. Ann’s | | | 5.00 | % | | 1/1/2050 | | NR | | | 1,250 | | | | 1,085,813 | |
Monroe Co IDA - Rochester General Hospital | | | 5.00 | % | | 12/1/2034 | | A- | | | 250 | | | | 292,013 | |
Nassau Co LEAC - Catholic Hlth LI | | | 5.00 | % | | 7/1/2027 | | A- | | | 625 | | | | 699,494 | |
Nassau Co LEAC - Catholic Hlth LI | | | 5.00 | % | | 7/1/2028 | | A- | | | 2,045 | | | | 2,283,917 | |
Nassau Co LEAC - Catholic Hlth LI | | | 5.00 | % | | 7/1/2033 | | A- | | | 600 | | | | 660,648 | |
NY Dorm - Catholic Hlth | | | 4.00 | % | | 7/1/2045 | | BBB | | | 2,875 | | | | 3,042,325 | |
NY Dorm - Catholic Hlth | | | 5.00 | % | | 7/1/2032 | | BBB | | | 500 | | | | 531,710 | |
NY Dorm - Montefiore | | | 4.00 | % | | 8/1/2036 | | BBB | | | 375 | | | | 405,855 | |
NY Dorm - Montefiore | | | 4.00 | % | | 8/1/2037 | | BBB | | | 1,670 | | | | 1,804,535 | |
NY Dorm - Montefiore | | | 4.00 | % | | 8/1/2038 | | BBB | | | 445 | | | | 479,536 | |
NY Dorm - Montefiore | | | 4.00 | % | | 9/1/2050 | | BBB | | | 4,000 | | | | 4,314,520 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND June 30, 2020
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 | % | | 8/1/2032 | | BBB | | $ | 1,170 | | | $ | 1,378,903 | |
NY Dorm - Montefiore | | | 5.00 | % | | 8/1/2033 | | BBB | | | 1,035 | | | | 1,218,288 | |
NY Dorm - Montefiore | | | 5.00 | % | | 8/1/2034 | | BBB | | | 335 | | | | 393,555 | |
NY Dorm - Montefiore | | | 5.00 | % | | 8/1/2035 | | BBB | | | 525 | | | | 615,578 | |
NY Dorm - North Shore LI Jewish | | | 5.00 | % | | 5/1/2028 | | A- | | | 1,000 | | | | 1,150,410 | |
NY Dorm - NYU Hsps Ctr | | | 5.00 | % | | 7/1/2032 | | A | | | 810 | | | | 956,999 | |
NY Dorm - NYU Hsps Ctr | | | 5.00 | % | | 7/1/2033 | | A | | | 760 | | | | 894,049 | |
NY Dorm - NYU Langone | | | 4.00 | % | | 7/1/2053 | | A | | | 4,500 | | | | 5,017,005 | |
NY Dorm - Orange Regl Med Ctr† | | | 5.00 | % | | 12/1/2026 | | BBB- | | | 1,000 | | | | 1,154,280 | |
NY Dorm - Orange Regl Med Ctr† | | | 5.00 | % | | 12/1/2029 | | BBB- | | | 1,900 | | | | 2,257,238 | |
NYC Hlth & Hsp Corp | | | 5.00 | % | | 2/15/2025 | | Aa2 | | | 1,000 | | | | 1,003,150 | |
Oneida Co - Mohawk Valley Hlth (AGM) | | | 4.00 | % | | 12/1/2049 | | AA | | | 4,645 | | | | 5,159,294 | |
Southhold LDC - Peconic Landing | | | 5.00 | % | | 12/1/2045 | | BBB- | (b) | | 1,000 | | | | 1,033,520 | |
Tompkins Co Dev Corp - Kendal Ithaca | | | 5.00 | % | | 7/1/2044 | | BBB+ | | | 920 | | | | 944,104 | |
Westchester CO Hlth Care | | | 5.00 | % | | 11/1/2033 | | Baa2 | | | 1,000 | | | | 1,097,860 | |
Westchester CO Hlth Care | | | 5.00 | % | | 11/1/2034 | | Baa2 | | | 985 | | | | 1,079,146 | |
Westchester CO Hlth Care | | | 5.00 | % | | 11/1/2046 | | Baa2 | | | 2,240 | | | | 2,353,613 | |
Westchester CO Hlth Care | | | 6.00 | % | | 11/1/2030 | | Baa2 | | | 110 | | | | 111,826 | |
Westchester CO Hlth Care | | | 6.125 | % | | 11/1/2037 | | Baa2 | | | 40 | | | | 40,679 | |
Westchester CO Hlth Care | | | 6.125 | % | | 11/1/2037 | | Baa2 | | | 145 | | | | 147,461 | |
Total | | | | | | | | | | | | | | | 51,898,077 | |
| | | | | | | | | | | | | | | | |
Housing 1.67% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NY State Hsg | | | 3.15 | % | | 11/1/2054 | | Aa2 | | | 1,000 | | | | 1,040,490 | |
NYC HDC | | | 3.35 | % | | 11/1/2065 | | AA+ | | | 1,915 | | | | 1,982,619 | |
NYC Hsg - 8 Spruce St | | | 4.50 | % | | 2/15/2048 | | NR | | | 1,000 | | | | 1,041,310 | |
NYS Mtg | | | 2.55 | % | | 4/1/2050 | | Aa1 | | | 3,000 | | | | 3,062,610 | |
Westchester Co - SUNY Purchase Hsg | | | 5.00 | % | | 6/1/2047 | | BBB | | | 1,000 | | | | 1,054,110 | |
Total | | | | | | | | | | | | | | | 8,181,139 | |
| | | | | | | | | | | | | | | | |
Lease Obligations 4.37% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Erie Co IDA - Buffalo Sch Dist | | | 5.00 | % | | 5/1/2027 | | AA | | | 1,750 | | | | 2,119,040 | |
Erie Co IDA - Buffalo Sch Dist | | | 5.00 | % | | 5/1/2028 | | AA | | | 1,050 | | | | 1,269,597 | |
Erie Co IDA - Buffalo Sch Dist | | | 5.25 | % | | 5/1/2030 | | AA | | | 2,575 | | | | 2,678,206 | |
Erie Co IDA - Buffalo Sch Dist | | | 5.25 | % | | 5/1/2032 | | AA | | | 1,000 | | | | 1,039,570 | |
Hudson Yards | | | 5.00 | % | | 2/15/2031 | | Aa2 | | | 2,000 | | | | 2,428,840 | |
Hudson Yards | | | 5.00 | % | | 2/15/2033 | | Aa2 | | | 1,065 | | | | 1,278,500 | |
NY Dorm - Court Facs | | | Zero Coupon | | | 8/1/2021 | | AA | | | 2,265 | | | | 2,255,691 | |
NY Dorm - Master BOCES | | | 5.50 | % | | 8/15/2026 | | Aa2 | | | 1,560 | | | | 1,647,469 | |
NY Liberty Dev Corp - 4 WTC | | | 5.00 | % | | 11/15/2031 | | A | | | 1,000 | | | | 1,043,560 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Lease Obligations (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NYC TFA - Bldg Aid | | | 5.00 | % | | 7/15/2025 | | AA | | $ | 1,510 | | | $ | 1,635,119 | |
NYC TFA - Bldg Aid | | | 5.00 | % | | 7/15/2027 | | AA | | | 1,425 | | | | 1,483,297 | |
NYC TFA - Bldg Aid | | | 5.00 | % | | 7/15/2035 | | AA | | | 2,005 | | | | 2,450,270 | |
PR Infra Fin Auth - Mepsi Campus(d) | | | 6.50 | % | | 10/1/2037 | | NR | | | 500 | | | | 101,250 | |
Total | | | | | | | | | | | | | | | 21,430,409 | |
| | | | | | | | | | | | | | | | |
Other 0.85% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Build NYC Res Corp - Childrens Aid Soc | | | 4.00 | % | | 7/1/2044 | | A+ | | | 1,340 | | | | 1,512,083 | |
Build NYC Res Corp - Childrens Aid Soc | | | 4.00 | % | | 7/1/2049 | | A+ | | | 2,355 | | | | 2,630,935 | |
Total | | | | | | | | | | | | | | | 4,143,018 | |
| | | | | | | | | | | | | | | | |
Other Revenue 1.40% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Brooklyn Arena LDC - Barclays Ctr | | | 5.00 | % | | 7/15/2042 | | Ba1 | | | 3,000 | | | | 3,190,530 | |
Build NYC Res Corp - YMCA | | | 5.00 | % | | 8/1/2040 | | A- | | | 525 | | | | 579,989 | |
NY Dorm - NYSARC Inc | | | 5.125 | % | | 7/1/2030 | | Aa2 | | | 2,000 | | | | 2,004,100 | |
Yonkers EDC - Charter Sch Ed Excellence | | | 6.25 | % | | 10/15/2040 | | BB | | | 1,100 | | | | 1,109,152 | |
Total | | | | | | | | | | | | | | | 6,883,771 | |
| | | | | | | | | | | | | | | | |
Special Tax 1.21% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NYC IDA - Queens Stadium (AMBAC) | | | 5.00 | % | | 1/1/2031 | | Baa3 | | | 2,075 | | | | 2,075,207 | |
NYC IDA - Yankee Stadium (AGC) | | | Zero Coupon | | | 3/1/2043 | | AA | | | 420 | | | | 209,177 | |
NYC IDA - Yankee Stadium (AGC) | | | Zero Coupon | | | 3/1/2044 | | AA | | | 640 | | | | 306,016 | |
NYC IDA - Yankee Stadium (AGC) | | | Zero Coupon | | | 3/1/2047 | | AA | | | 295 | | | | 126,287 | |
NYC IDA - Yankee Stadium (NPFGC)(FGIC) | | | 2.419% (CPI Based | )# | | 3/1/2026 | | Baa1 | | | 3,450 | | | | 3,192,043 | |
Total | | | | | | | | | | | | | | | 5,908,730 | |
| | | | | | | | | | | | | | | | |
Tax Revenue 13.44% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Hudson Yards | | | 5.75 | % | | 2/15/2047 | | Aa2 | | | 1,030 | | | | 1,061,889 | |
MTA NY | | | 4.00 | % | | 11/15/2035 | | AA | | | 200 | | | | 221,006 | |
MTA NY | | | 5.25 | % | | 11/15/2032 | | AA | | | 620 | | | | 739,865 | |
MTA NY - Dedicated Tax | | | 5.00 | % | | 11/15/2034 | | AA | | | 1,035 | | | | 1,237,705 | |
MTA NY - Dedicated Tax | | | 5.25 | % | | 11/15/2031 | | AA | | | 1,160 | | | | 1,391,606 | |
NY Dorm - PIT | | | 4.00 | % | | 3/15/2049 | | Aa1 | | | 1,675 | | | | 1,940,839 | |
NY Dorm - PIT | | | 5.00 | % | | 3/15/2027 | | AA+ | | | 1,250 | | | | 1,483,237 | |
NY Dorm - PIT | | | 5.00 | % | | 3/15/2032 | | Aa1 | | | 3,000 | | | | 3,888,810 | |
NY Dorm - PIT | | | 5.00 | % | | 2/15/2042 | | AA+ | | | 2,055 | | | | 2,483,283 | |
NY Dorm - PIT | | | 5.00 | % | | 3/15/2045 | | Aa1 | | | 2,000 | | | | 2,454,900 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Tax Revenue (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NY Dorm - Sales Tax | | | 5.00 | % | | 3/15/2026 | | AA+ | | $ | 1,000 | | | $ | 1,190,650 | |
NY Dorm - Sales Tax | | | 5.00 | % | | 3/15/2043 | | AA+ | | | 2,025 | | | | 2,426,638 | |
NY St Dorm Auth - PIT | | | 4.00 | % | | 3/15/2048 | | Aa1 | | | 1,900 | | | | 2,144,340 | |
NY UDC - PIT | | | 4.00 | % | | 3/15/2047 | | AA+ | | | 1,650 | | | | 1,841,235 | |
NY UDC - PIT | | | 5.00 | % | | 3/15/2033 | | AA+ | | | 2,010 | | | | 2,226,015 | |
NY UDC - PIT | | | 5.00 | % | | 3/15/2036 | | AA+ | | | 1,500 | | | | 1,703,895 | |
NY UDC - PIT | | | 5.00 | % | | 3/15/2040 | | AA+ | | | 1,000 | | | | 1,215,860 | |
NY UDC Sales Tax | | | 4.00 | % | | 3/15/2044 | | Aa1 | | | 1,250 | | | | 1,440,562 | |
NYC TFA - Future Tax | | | 4.00 | % | | 8/1/2039 | | AAA | | | 1,000 | | | | 1,142,850 | |
NYC TFA - Future Tax | | | 4.00 | % | | 11/1/2042 | | AAA | | | 1,675 | | | | 1,917,121 | |
NYC TFA - Future Tax | | | 4.00 | % | | 5/1/2043 | | AAA | | | 2,000 | | | | 2,257,000 | |
NYC TFA - Future Tax | | | 5.00 | % | | 2/1/2027 | | AAA | | | 1,500 | | | | 1,538,010 | |
NYC TFA - Future Tax | | | 5.00 | % | | 11/1/2030 | | AAA | | | 2,075 | | | | 2,596,489 | |
NYC TFA - Future Tax | | | 5.00 | % | | 11/1/2032 | | AAA | | | 1,535 | | | | 1,898,027 | |
NYC TFA - Future Tax | | | 5.00 | % | | 5/1/2034 | | AAA | | | 125 | | | | 125,474 | |
NYC TFA - Future Tax | | | 5.00 | % | | 5/1/2035 | | AAA | | | 1,230 | | | | 1,506,467 | |
NYC TFA - Future Tax | | | 5.00 | % | | 8/1/2040 | | AAA | | | 2,530 | | | | 3,074,355 | |
NYC TFA - Future Tax | | | 5.00 | % | | 8/1/2041 | | AAA | | | 2,975 | | | | 3,606,295 | |
NYC TFA - Future Tax | | | 5.00 | % | | 8/1/2042 | | AAA | | | 2,700 | | | | 3,314,277 | |
NYC TFA - Future Tax | | | 5.00 | % | | 2/1/2043 | | AAA | | | 2,510 | | | | 2,999,902 | |
NYC TFA - Future Tax | | | 5.00 | % | | 5/1/2043 | | AAA | | | 1,400 | | | | 1,682,310 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2029 | | NR | | | 163 | | | | 124,633 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2031 | | NR | | | 708 | | | | 499,352 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2033 | | NR | | | 710 | | | | 459,853 | |
PR Corp Sales Tax | | | Zero Coupon | | | 7/1/2051 | | NR | | | 5,041 | | | | 1,029,574 | |
PR Corp Sales Tax | | | 4.329 | % | | 7/1/2040 | | NR | | | 489 | | | | 492,487 | |
PR Corp Sales Tax | | | 4.329 | % | | 7/1/2040 | | NR | | | 858 | | | | 864,117 | |
PR Corp Sales Tax | | | 4.536 | % | | 7/1/2053 | | NR | | | 64 | | | | 65,013 | |
PR Corp Sales Tax | | | 4.55 | % | | 7/1/2040 | | NR | | | 153 | | | | 156,366 | |
PR Corp Sales Tax | | | 4.75 | % | | 7/1/2053 | | NR | | | 1,199 | | | | 1,235,162 | |
PR Corp Sales Tax | | | 4.784 | % | | 7/1/2058 | | NR | | | 180 | | | | 186,039 | |
PR Corp Sales Tax | | | 5.00 | % | | 7/1/2058 | | NR | | | 1,922 | | | | 2,014,352 | |
Total | | | | | | | | | | | | | | | 65,877,860 | |
| | | | | | | | | | | | | | | | |
Tobacco 3.54% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Erie Co Tobacco | | | Zero Coupon | | | 6/1/2055 | | NR | | | 8,000 | | | | 524,240 | |
Erie Co Tobacco | | | Zero Coupon | | | 6/1/2060 | | NR | | | 20,000 | | | | 821,600 | |
Monroe Co Tobacco | | | Zero Coupon | | | 6/1/2061 | | NR | | | 10,000 | | | | 391,500 | |
Nassau Co Tobacco | | | Zero Coupon | | | 6/1/2060 | | NR | | | 15,000 | | | | 549,600 | |
Nassau CO Tobacco | | | 5.125 | % | | 6/1/2046 | | B- | | | 2,085 | | | | 2,085,104 | |
Rockland Tobacco† | | | Zero Coupon | | | 8/15/2060 | | NR | | | 10,575 | | | | 525,260 | |
Suffolk Tobacco Asset Sec Corp | | | 5.00 | % | | 6/1/2032 | | BBB | | | 1,335 | | | | 1,379,990 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Tobacco (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Suffolk Tobacco Asset Sec Corp | | | 5.25 | % | | 6/1/2037 | | BBB | | $ | 1,175 | | | $ | 1,218,005 | |
Suffolk Tobacco Asset Sec Corp | | | 6.00 | % | | 6/1/2048 | | NR | | | 1,350 | | | | 1,351,269 | |
Suffolk Tobacco Asset Sec Corp | | | 6.625 | % | | 6/1/2044 | | NR | | | 1,000 | | | | 1,032,750 | |
TSASC | | | 5.00 | % | | 6/1/2034 | | A- | | | 1,000 | | | | 1,173,060 | |
TSASC | | | 5.00 | % | | 6/1/2035 | | A- | | | 300 | | | | 350,691 | |
TSASC | | | 5.00 | % | | 6/1/2036 | | A- | | | 100 | | | | 116,475 | |
TSASC | | | 5.00 | % | | 6/1/2041 | | BBB+ | | | 510 | | | | 562,295 | |
TSASC | | | 5.00 | % | | 6/1/2048 | | NR | | | 3,300 | | | | 3,351,876 | |
Westchester Tobacco Asset Securitization Corp | | | 5.125 | % | | 6/1/2051 | | B | | | 1,750 | | | | 1,910,895 | |
Total | | | | | | | | | | | | | | | 17,344,610 | |
| | | | | | | | | | | | | | | | |
Transportation 26.48% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Buffalo & Erie PBA - Peace Bridge | | | 5.00 | % | | 1/1/2034 | | A+ | | | 600 | | | | 735,156 | |
MTA NY | | | 4.00 | % | | 11/15/2051 | | A2 | | | 3,000 | | | | 3,118,950 | |
MTA NY | | | 4.75 | % | | 11/15/2045 | | A2 | | | 1,500 | | | | 1,665,855 | |
MTA NY | | | 5.00 | % | | 11/15/2023 | | A2 | | | 2,455 | | | | 2,606,744 | |
MTA NY | | | 5.00 | % | | 11/15/2028 | | A2 | | | 710 | | | | 823,934 | |
MTA NY | | | 5.00 | % | | 11/15/2028 | | A2 | | | 705 | | | | 860,467 | |
MTA NY | | | 5.00 | % | | 11/15/2029 | | A2 | | | 1,600 | | | | 1,769,536 | |
MTA NY | | | 5.00 | % | | 11/15/2029 | | A2 | | | 1,400 | | | | 1,610,098 | |
MTA NY | | | 5.00 | % | | 11/15/2030 | | A2 | | | 1,500 | | | | 1,682,865 | |
MTA NY | | | 5.00 | % | | 11/15/2030 | | A2 | | | 100 | | | | 114,752 | |
MTA NY | | | 5.00 | % | | 11/15/2033 | | A2 | | | 1,360 | | | | 1,551,842 | |
MTA NY | | | 5.00 | % | | 11/15/2033 | | A2 | | | 1,500 | | | | 1,623,495 | |
MTA NY | | | 5.00 | % | | 11/15/2041 | | A2 | | | 1,000 | | | | 1,101,210 | |
MTA NY | | | 5.00 | %#(a) | | 11/15/2045 | | A2 | | | 900 | | | | 1,038,609 | |
MTA NY | | | 5.00 | % | | 11/15/2050 | | A2 | | | 1,750 | | | | 1,987,737 | |
MTA NY | | | 5.25 | % | | 11/15/2028 | | A2 | | | 3,740 | | | | 4,213,596 | |
MTA NY | | | 5.25 | % | | 11/15/2035 | | A2 | | | 1,170 | | | | 1,271,720 | |
MTA NY (AGM) | | | 4.00 | % | | 11/15/2048 | | AA | | | 1,500 | | | | 1,644,855 | |
MTA NY (AGM) | | | 4.00 | % | | 11/15/2049 | | AA | | | 2,965 | | | | 3,233,688 | |
MTA NY - Dedicated Tax | | | 5.00 | % | | 11/15/2033 | | AA | | | 1,520 | | | | 1,823,362 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | | 5.00 | % | | 4/1/2027 | | A3 | | | 1,000 | | | | 1,130,310 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | | 5.00 | % | | 4/1/2036 | | A3 | | | 850 | | | | 1,034,280 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | | 5.00 | % | | 4/1/2038 | | A3 | | | 725 | | | | 876,605 | |
Niagara Frontier Trsp - Buffalo Intl Arpt AMT | | | 5.00 | % | | 4/1/2039 | | A3 | | | 350 | | | | 422,044 | |
NY Bridge Auth | | | 4.00 | % | | 1/1/2027 | | Aa3 | | | 1,000 | | | | 1,048,000 | |
NY Trans Dev Corp - Delta AMT | | | 4.00 | % | | 1/1/2036 | | Baa3 | | | 3,495 | | | | 3,534,668 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2033 | | Baa3 | | $ | 3,680 | | | $ | 3,946,469 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2034 | | Baa3 | | | 1,600 | | | | 1,715,856 | |
NY Trans Dev Corp - Delta AMT | | | 5.00 | % | | 1/1/2036 | | Baa3 | | | 2,295 | | | | 2,461,181 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | | 4.00 | % | | 7/1/2031 | | Baa3 | | | 2,000 | | | | 2,088,900 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | | 4.00 | % | | 7/1/2046 | | Baa3 | | | 2,050 | | | | 2,090,057 | |
NY Trans Dev Corp - LaGuardia Airport AMT | | | 5.25 | % | | 1/1/2050 | | Baa3 | | | 12,280 | | | | 13,321,344 | |
NY Trans Dev Corp - TOGA AMT | | | 5.00 | % | | 1/1/2023 | | Baa3 | | | 1,500 | | | | 1,555,050 | |
NY Twy Auth | | | 4.00 | % | | 1/1/2041 | | A2 | | | 1,000 | | | | 1,143,190 | |
NY Twy Auth | | | 5.00 | % | | 1/1/2032 | | A1 | | | 150 | | | | 185,474 | |
NY Twy Auth | | | 5.00 | % | | 1/1/2036 | | A1 | | | 1,760 | | | | 1,968,754 | |
NY Twy Auth (AGM) | | | 3.00 | % | | 1/1/2046 | | AA | | | 1,000 | | | | 1,012,770 | |
NY Twy Auth TCRS (BAM) | | | 4.00 | % | | 1/1/2050 | | AA | | | 2,500 | | | | 2,825,725 | |
Port Auth NY & NJ | | | 5.00 | % | | 11/15/2042 | | Aa3 | | | 1,365 | | | | 1,644,102 | |
Port Auth NY & NJ - JFK IAT | | | 5.00 | % | | 12/1/2020 | | Baa1 | | | 60 | | | | 60,482 | |
Port Auth NY & NJ - JFK IAT | | | 5.50 | % | | 12/1/2031 | | Baa1 | | | 295 | | | | 297,354 | |
Port Auth NY & NJ - JFK IAT | | | 6.00 | % | | 12/1/2036 | | Baa1 | | | 1,185 | | | | 1,194,468 | |
Port Auth NY & NJ - JFK IAT | | | 6.00 | % | | 12/1/2042 | | Baa1 | | | 1,190 | | | | 1,199,532 | |
Port Auth NY & NJ - JFK IAT CR (AGM) | | | 5.50 | % | | 12/1/2031 | | AA | | | 225 | | | | 228,847 | |
Port Auth NY & NJ - JFK IAT CR (AGM) | | | 6.00 | % | | 12/1/2036 | | AA | | | 400 | | | | 407,660 | |
Port Auth NY & NJ - JFK IAT CR (AGM) | | | 6.00 | % | | 12/1/2042 | | AA | | | 1,615 | | | | 1,645,927 | |
Port Auth NY & NJ AMT | | | 4.00 | % | | 9/1/2043 | | Aa3 | | | 3,650 | | | | 4,059,603 | |
Port Auth NY & NJ AMT | | | 4.00 | % | | 11/1/2047 | | Aa3 | | | 4,000 | | | | 4,427,720 | |
Port Auth NY & NJ AMT | | | 4.00 | % | | 11/1/2059 | | Aa3 | | | 800 | | | | 878,872 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 10/15/2024 | | Aa3 | | | 1,250 | | | | 1,310,850 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 10/15/2027 | | Aa3 | | | 1,485 | | | | 1,832,742 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 9/15/2028 | | Aa3 | | | 1,000 | | | | 1,258,550 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 11/15/2031 | | Aa3 | | | 3,415 | | | | 4,178,321 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 9/1/2032 | | Aa3 | | | 805 | | | | 1,018,727 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 11/15/2032 | | Aa3 | | | 2,850 | | | | 3,385,258 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 9/15/2033 | | Aa3 | | | 2,820 | | | | 3,440,372 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 10/1/2033 | | Aa3 | | | 3,200 | | | | 3,375,840 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 10/15/2033 | | Aa3 | | | 1,000 | | | | 1,195,250 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 9/15/2034 | | Aa3 | | | 1,000 | | | | 1,216,660 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 4/1/2036 | | Aa3 | | | 1,050 | | | | 1,230,789 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 10/15/2041 | | Aa3 | | | 1,250 | | | | 1,293,875 | |
Port Auth NY & NJ AMT | | | 5.00 | % | | 9/15/2048 | | Aa3 | | | 365 | | | | 431,047 | |
Triborough Brdg & Tunl Auth | | | 4.00 | % | | 11/15/2044 | | AA- | | | 2,145 | | | | 2,433,545 | |
Triborough Brdg & Tunl Auth | | | 4.00 | % | | 11/15/2048 | | AA- | | | 2,015 | | | | 2,248,841 | |
Triborough Brdg & Tunl Auth | | | 4.00 | % | | 11/15/2054 | | AA- | | | 1,500 | | | | 1,704,975 | |
Triborough Brdg & Tunl Auth | | | 5.00 | % | | 11/15/2027 | | AA- | | | 500 | | | | 611,615 | |
Triborough Brdg & Tunl Auth | | | 5.00 | % | | 11/15/2028 | | AA- | | | 600 | | | | 733,938 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND June 30, 2020
Investments | | Interest Rate | | | Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
Transportation (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Triborough Brdg & Tunl Auth | | | 5.00 | % | | 11/15/2038 | | AA- | | $ | 1,000 | | | $ | 1,199,070 | |
Triborough Brdg & Tunl Auth | | | 5.00 | % | | 11/15/2047 | | AA- | | | 1,135 | | | | 1,340,798 | |
Triborough Brdg & Tunl Auth | | | 5.00 | % | | 11/15/2054 | | AA- | | | 1,200 | | | | 1,494,120 | |
Total | | | | | | | | | | | | | | | 129,818,898 | |
| | | | | | | | | | | | | | | | |
Utilities 8.48% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Buffalo Muni Wtr Fin Auth (AGM) | | | 5.00 | % | | 7/1/2043 | | AA | | | 600 | | | | 717,396 | |
Buffalo Muni Wtr Fin Auth (AGM) | | | 5.00 | % | | 7/1/2048 | | AA | | | 1,750 | | | | 2,085,772 | |
Guam Pwr Auth (Guatemala)(e) | | | 5.00 | % | | 10/1/2020 | | BBB | | | 500 | | | | 503,620 | |
Guam Pwr Auth (Guatemala)(e) | | | 5.00 | % | | 10/1/2021 | | BBB | | | 500 | | | | 518,035 | |
Guam Waterworks Auth (Guatemala)(e) | | | 5.00 | % | | 7/1/2036 | | A- | | | 400 | | | | 456,356 | |
Guam Waterworks Auth (Guatemala)(e) | | | 5.00 | % | | 1/1/2050 | | A- | | | 600 | | | | 717,666 | |
Long Island Power Auth | | | 5.00 | % | | 9/1/2025 | | A | | | 1,000 | | | | 1,089,010 | |
Long Island Power Auth | | | 5.00 | % | | 9/1/2034 | | A | | | 2,000 | | | | 2,308,340 | |
Long Island Power Auth | | | 5.00 | % | | 9/1/2039 | | A | | | 1,000 | | | | 1,148,460 | |
Long Island Power Auth | | | 5.00 | % | | 9/1/2047 | | A | | | 1,115 | | | | 1,332,849 | |
Long Island Power Auth (AGC) | | | 5.25 | % | | 9/1/2029 | | AA | | | 2,000 | | | | 2,654,640 | |
New York St Pwr Auth | | | 4.00 | % | | 11/15/2045 | | Aa1 | | | 1,325 | | | | 1,569,873 | |
NY Elec Sys - LIPA | | | 4.00 | % | | 9/1/2038 | | A | | | 1,500 | | | | 1,705,785 | |
NY Elec Sys - LIPA | | | 4.00 | % | | 9/1/2039 | | A | | | 1,000 | | | | 1,134,320 | |
NYC Muni Water | | | 4.00 | % | | 6/15/2049 | | AA+ | | | 2,985 | | | | 3,404,333 | |
NYC Muni Water | | | 5.00 | % | | 6/15/2035 | | AA+ | | | 1,550 | | | | 1,733,706 | |
NYC Muni Water | | | 5.00 | % | | 6/15/2035 | | AA+ | | | 1,675 | | | | 1,937,288 | |
NYC Muni Water | | | 5.00 | % | | 6/15/2036 | | AA+ | | | 2,250 | | | | 2,597,580 | |
NYC Muni Water | | | 5.00 | % | | 6/15/2036 | | AA+ | | | 1,750 | | | | 2,020,340 | |
NYC Muni Water | | | 5.00 | % | | 6/15/2040 | | AA+ | | | 1,250 | | | | 1,561,925 | |
NYC Muni Water | | | 5.00 | % | | 6/15/2046 | | AA+ | | | 3,140 | | | | 3,818,648 | |
NYC Muni Water | | | 5.00 | % | | 6/15/2048 | | AA+ | | | 1,675 | | | | 2,058,156 | |
NYC Muni Water | | | 5.25 | % | | 6/15/2037 | | AA+ | | | 1,500 | | | | 1,854,495 | |
NYC Muni Water | | | 5.25 | % | | 6/15/2047 | | AA+ | | | 1,000 | | | | 1,225,950 | |
PR Aqueduct & Swr Auth | | | 6.00 | % | | 7/1/2044 | | Ca | | | 535 | | | | 544,363 | |
PR Elec Pwr Auth(d) | | | 5.75 | % | | 7/1/2036 | | D | (b) | | 1,250 | | | | 881,250 | |
Total | | | | | | | | | | | | | | | 41,580,156 | |
Total Municipal Bonds (cost $465,630,494) | | | | | | | | | 482,503,902 | |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND June 30, 2020
Investments | | Interest Rate# | | | Interest Rate Reset Date(f) | | Final Maturity Date | | Credit Rating: S&P or Moody’s | | Principal Amount (000) | | | Fair Value | |
SHORT-TERM INVESTMENTS 0.73% | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes 0.73% | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
Tax Revenue 0.61% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
NYC TFA - Future Tax | | | 0.05 | % | | 7/1/2020 | | 11/1/2044 | | AAA | | $ | 3,000 | | | $ | 3,000,000 | |
| | | | | | | | | | | | | | | | | | |
Utilities 0.12% | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
NYC Muni Water | | | 0.05 | % | | 7/1/2020 | | 6/15/2050 | | AA+ | | | 600 | | | | 600,000 | |
Total Short-Term Investments (cost $3,600,000) | | | | | | | | | | | | 3,600,000 | |
Total Investments in Securities 99.17% (cost $469,230,494) | | | | | | | | | 486,103,902 | |
Cash and Other Assets in Excess of Liabilities (g) 0.83% | | | | | | | | | | | 4,060,721 | |
Net Assets 100.00% | | | | | | | | | | | | | | | | $ | 490,164,623 | |
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. |
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 June 30, 2020, the total value of Rule 144A securities was $17,449,450, which represents 3.56% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at June 30, 2020. |
(a) | Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon until designated future date. |
(b) | This investment has been rated by Fitch IBCA. |
(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) | Defaulted (non-income producing security). |
(e) | Foreign security traded in U.S. dollars. |
(f) | 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. |
(g) | Cash and Other Assets in Excess of Liabilities include net unrealized depreciation on open futures contracts. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT MUNICIPAL INCOME FUND, INC. - NEW YORK TAX FREE FUND June 30, 2020
Open Futures Contracts at June 30, 2020:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Depreciation | |
U.S. Long Bond | | September 2020 | | 32 | | Short | | $ | (5,676,903 | ) | | $ | (5,714,000 | ) | | $ | (37,097 | ) |
The following is a summary of the inputs used as of June 30, 2020 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 | | | | | | | | | | | | | | | | |
General Obligation | | $ | — | | | $ | 28,389,754 | | | $ | 2,326,360 | | | $ | 30,716,114 | |
Remaining Industries | | | — | | | | 451,787,788 | | | | — | | | | 451,787,788 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Variable Rate Demand Notes | | | — | | | | 3,600,000 | | | | — | | | | 3,600,000 | |
Total | | $ | — | | | $ | 483,777,542 | | | $ | 2,326,360 | | | $ | 486,103,902 | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Liabilities | | | (37,097 | ) | | | — | | | | — | | | | (37,097 | ) |
Total | | $ | (37,097 | ) | | $ | — | | | $ | — | | | $ | (37,097 | ) |
(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 | | $ | — | |
Accrued Discounts (Premiums) | | | (17,077 | ) |
Realized Gain (Loss) | | | — | |
Change in Unrealized Appreciation (Depreciation) | | | 3,337 | |
Purchases | | | — | |
Sales | | | — | |
Transfers into Level 3 | | | 2,340,100 | |
Transfers out of Level 3 | | | — | |
Balance as of June 30, 2020 | | $ | 2,326,360 | |
Change in unrealized appreciation/depreciation for the period ended June 30, 2020, related to Level 3 investments held at June 30, 2020 | | $ | 3,337 | |
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 nine 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 June 30, 2020 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.