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Lord Abbett
Short Duration Tax Free Fund
Intermediate Tax Free Fund
National Tax Free Fund
High Income Municipal Bond Fund
Short Duration High Income Municipal Bond Fund
Sustainable Municipal Bond Fund
California Tax Free Fund
New Jersey Tax Free Fund
New York Tax Free Fund
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1
LONG-TERM INVESTMENTS 81.77%
MUNICIPAL BONDS 81.77%
Corporate-Backed 4.38%
Black Belt Energy Gas District AL
4.00%
#(a)
10/1/2052
A2 $15,000,000 $ 15,006,182
City of Farmington - Public Service
Co of New Mexico
3.90%
#(a)
6/1/2040
BBB 2,500,000
2,528,874
Development Authority of Burke County -
Oglethorpe Power Corp GA
1.50%
#(a)
1/1/2040 BBB+ 3,750,000
3,737,581
Industrial Development Board of
the City of Mobile Alabama - Alabama
Power Co AL
1.00%
#(a)
6/1/2034
A1 3,100,000
3,057,789
Industrial Development Board of
the City of Mobile Alabama - Alabama
Power Co AL
3.65%
#(a)
7/15/2034
A1 5,000,000
4,999,768
Iowa Finance Authority - Howmet
Aerospace Inc
4.75%
8/1/2042
Baa1 2,500,000
2,502,083
Ohio Air Quality Development Authority -
American Electric Power Co Inc
2.40%
#(a)
12/1/2038
BBB 10,700,000
9,896,031
Ohio Air Quality Development Authority -
Ohio valley Electric Corp
1.50%
#(a)
2/1/2026
Baa3 1,000,000
969,471
Parish of St. James - NuStar Logistics
LP LA
†
5.85%
#(a)
8/1/2041
BB+ 3,500,000
3,524,778
Parish of St. John the Baptist - Marathon
Oil Corp LA
2.375%
#(a)
6/1/2037
A2 4,575,000
4,486,187
Parish of St. John the Baptist - Marathon
Oil Corp LA
3.30%
#(a)
6/1/2037
A2 5,000,000
4,925,168
Parish of St. John the Baptist - Marathon
Oil Corp LA
4.05%
#(a)
6/1/2037
A2 4,650,000
4,672,142
Virginia Resources Authority
5.00%
11/1/2036
Aa1 2,365,000
2,683,268
Virginia Resources Authority
5.00%
11/1/2038
Aa1 2,845,000
3,200,344
Total
66,189,666
Education 4.20%
California Community Choice Financing
Authority
4.735%
(SOFR * .67
+ 1.70%)
#
5/1/2053
A1 15,000,000 15,037,559
California State University
0.55%
#(a)
11/1/2049
Aa2 5,000,000
4,701,622
Capital Trust Agency, Inc. - Renaissance
Charter School Inc Series 2019 Obligated
Group FL
†
4.00%
6/15/2029
NR
950,000
920,575
Credit
Rating:
Interest Maturity S&P or Principal
Fair
Investments
Rate
Date Moody's Amount
Value
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Education (continued)
Clifton Higher Education Finance Corp. -
International Leadership of Texas Inc
(PSF-GTD)
5.00%
8/15/2026
Aaa $ 1,000,000 $ 1,029,473
Clifton Higher Education Finance Corp. -
International Leadership of Texas Inc
(PSF-GTD)
5.00%
8/15/2027
Aaa 1,400,000
1,460,753
Clifton Higher Education Finance Corp. -
International Leadership of Texas Inc
(PSF-GTD)
5.00%
8/15/2028
Aaa
800,000
845,427
Florida Higher Educational Facilities
Financial Authority - St Leo University Inc
Obligated Group
5.00%
3/1/2025
BB
675,000
672,252
Illinois Finance Authority - Illinois
Institute of Technology
5.00%
9/1/2028
Ba2 1,135,000
1,146,266
Illinois Finance Authority - Illinois
Institute of Technology
5.00%
9/1/2029
Ba2
630,000
637,530
Louisiana Public Facilities Authority -
Tulane University
5.00%
4/15/2037
A+ 1,250,000
1,409,747
Louisiana State Citizens Property
Insurance Corp.
5.00%
6/1/2025
A1 7,490,000
7,540,586
Louisiana State Citizens Property
Insurance Corp.
5.00%
6/1/2026
A1 6,740,000
6,907,819
New Jersey Educational Facilities Authority -
Montclair State University Inc (AGM)
5.00%
7/1/2027
AA 1,445,000
1,514,419
New Jersey Educational Facilities
Authority - State of New Jersey
5.00%
8/1/2029
A2 2,500,000
2,693,885
New York State Dormitory Authority -
Pace University
5.00%
5/1/2025
BBB-
625,000
627,577
New York State Dormitory Authority -
Pace University
5.00%
5/1/2026
BBB- 1,375,000
1,400,095
New York State Dormitory Authority -
Pace University
5.00%
5/1/2027
BBB- 1,500,000
1,550,122
New York State Dormitory Authority -
Pace University
5.00%
5/1/2028
BBB- 1,480,000
1,546,989
New York State Dormitory Authority -
Pace University
5.00%
5/1/2036
BBB- 2,500,000
2,722,228
New York State Dormitory Authority -
Pace University
5.00%
5/1/2037
BBB- 3,000,000
3,249,404
Northside Independent School District
TX (PSF-GTD)
3.45%
#(a)
8/1/2054
Aaa 4,000,000
4,007,027
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Rating:
Interest Maturity S&P or Principal
Fair
Investments
Rate
Date Moody’s Amount
Value
Education (continued)
Ohio Air Quality Development Authority -
Duke Energy Corp
4.00%
#
(a)
9/1/2030 BBB $ 1,300,000 $ 1,306,779
Sierra Vista Industrial Development
Authority - American Leadership
Academy Inc AZ
†
5.00%
6/15/2034
NR
625,000
642,812
Total
63,570,946
Energy 0.55%
New Mexico Municipal Energy Acquisition
Authority
5.00%
#(a)
11/1/2039
Aa1 8,300,000
8,329,440
General Obligation 12.26%
California State Public Works Board
5.00%
10/1/2026
NR
90,000
93,431
California State Public Works Board
5.00%
10/1/2026
Aa3 1,410,000
1,463,265
California State Public Works Board
5.00%
10/1/2027
NR
205,000
217,316
California State Public Works Board
5.00%
10/1/2027
Aa3 3,095,000
3,269,984
City of Chicago IL GO
5.00%
1/1/2026 BBB+ 6,890,000
6,970,636
City of Chicago IL GO
5.00%
1/1/2027 BBB+ 6,400,000
6,554,449
City of Hutto TX GO (BAM)
5.00%
8/1/2037
AA 3,715,000
4,132,787
City of Jersey City NJ GO
4.50%
7/10/2025
NR 10,000,000
10,062,911
City of Lees Summit MO GO
5.00%
4/1/2027
Aaa 3,960,000
4,135,608
Commonwealth Financing Authority -
Commonwealth of Pennsylvania
Department of Community & Economic
Development PA
5.00%
6/1/2025
Aa3 2,895,000
2,916,346
County of Cook IL GO
4.00% 11/15/2026
A+ 4,945,000
5,018,038
County of Lake IL GO
4.00% 11/30/2027
AAA 2,620,000
2,684,288
Delaware Valley Regional Finance
Authority PA
4.02%
(MUNIPSA * 1
+ .40%)
#
3/1/2057
A+ 6,070,000
6,023,066
Eagle Mountain & Saginaw Independent
School District TX (PSF-GTD)
4.00%
#(a)
8/1/2050
AAA 5,250,000
5,339,100
Florida Insurance Assistance Interlocal
Agency, Inc.
5.00%
9/1/2025
Aa2 25,540,000 25,589,336
Louisiana Stadium & Exposition District 5.00%
7/1/2035
A2 2,690,000
2,971,329
Louisiana Stadium & Exposition District 5.00%
7/1/2036
A2 4,325,000
4,760,335
New Caney Independent School District TX
(PSF-GTD)
4.00%
#(a)
2/15/2050
Aaa 6,500,000
6,610,352
Portland Community College District
OR GO
5.00%
6/15/2038
AA+ 3,500,000
3,914,133
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Fair
Investments
Rate
Date Moody’s Amount
Value
General Obligation (continued)
Schenectady City School District NY
(ST AID WITHHLDG)
4.00%
7/25/2025
NR $15,000,000 $ 15,061,410
State of Illinois GO
5.00%
3/1/2025
A- 4,000,000
4,008,730
State of Illinois GO
5.00%
3/1/2025
A- 5,500,000
5,512,003
State of Illinois GO
5.00%
12/1/2025
A- 10,000,000 10,143,533
State of Illinois GO
5.00%
3/1/2026
A- 4,050,000
4,123,758
State of Illinois GO
5.00%
11/1/2027
A- 5,000,000
5,226,995
State of Illinois GO
5.00%
2/1/2028
A- 5,990,000
6,184,032
State of Illinois GO
5.00%
10/1/2029
A- 2,115,000
2,231,857
State of Illinois GO
5.00%
11/1/2030
A- 7,200,000
7,382,778
State of Illinois GO
5.00%
5/1/2037
A- 4,500,000
4,929,282
State of Maryland GO
4.00%
8/1/2028
AAA 5,000,000
5,187,379
State of New Jersey GO
5.00%
6/1/2027
A1 5,000,000
5,234,530
Washington Metropolitan Area Transit
Authority Dedicated Revenue DC
5.00%
7/15/2036
AA 5,000,000
5,401,490
Washington Metropolitan Area Transit
Authority Dedicated Revenue DC
5.00%
7/15/2036
AA 1,800,000
2,015,269
Total
185,369,756
Health Care 14.92%
Allegheny County Hospital Development
Authority - Allegheny Health Network
Obligated Group PA
5.00%
4/1/2026
A
2,500,000
2,547,831
Berks County Municipal Authority -
Tower Health Obligated Group PA Zero Coupon 6/30/2044
NR 1,399,000
985,914
Berks County Municipal Authority -
Tower Health Obligated Group PA
5.00%
6/30/2039
NR 2,801,000
2,703,377
Berks County Municipal Authority -
Tower Health Obligated Group PA
6.00%
6/30/2034
NR
208,897
223,641
Berks County Municipal Authority -
Tower Health Obligated Group PA
8.00%
6/30/2034
NR
416,899
423,393
Brevard County Health Facilities Authority -
Health First Inc Obligated Group FL
5.00%
4/1/2027
A
3,590,000
3,721,432
Brevard County Health Facilities Authority -
Health First Inc Obligated Group FL
5.00%
4/1/2028
A
3,720,000
3,913,734
California Health Facilities Financing
Authority - Adventist Health System/West
Obligated Group CA
5.00%
12/1/2037 BBB+ 8,000,000
8,621,601
California Health Facilities Financing
Authority - Providence St Joseph Health
Obligated Group
5.00%
#(a)
10/1/2039
A
7,500,000
7,582,490
4
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