LORD ABBETT

MUNICIPAL INCOME FUND

Lord Abbett

Sustainable Municipal Bond

Fund (the “Fund”)

Supplement dated

February

7

,

2025

to the

Summary Prospectus, Prospectus, and Statement of

Additional Information of the Fund,

each dated

February

1, 20

2

5

, as supplemented

Liquidation of the Fund

On

February 4, 2025

, the Board of

Directors

of Lord Abbett

Municipal Income Fund

approved a plan of

liquidation (the “Plan”) pursuant to which the Fund will be liquidated and dissolved

. It is currently

anticipated that the liquidation and dissolution of the Fund will be completed on or around

Spring

202

5

(

the

“Liquidation Date”

).

Any Fund shares outstanding on the Liquidation Date will be automatically redeemed

on the Liquidation Date. The proceeds of any such redemption will be equal to the net asset value (“NAV”)

of such shares after dividend distributions required to eliminate

any Fund

-

level taxes are made

,

the

Fund’s

expenses and liabilities have been paid or otherwise provided for as directed by the Plan

,

and the

Fund has

distributed to its shareholders of record the remaining proceeds in one or more liquidating

distributions

on

the Liquidation Date as set forth in the Plan

.

At any time before the Liquidation Date, shareholders may

:

▪

Exchange their

Fund

shares for the same class of shares of another

Lord Abbett

Fund, provided

that the exchange satisfies the investment minimum of the Fund selected;

▪

Redeem their Fund shares at the NAV of such shares pursuant to the procedures set forth under

“Purchases and Redemptions” in the prospectus

; or

▪

Do nothing and their

Fund

shares will be redeemed on or about

the Liquidation Date

. However,

shareholders in individual retirement accounts who do not take other action will automatically have

their shares exchanged for shares of

Lord Abbett

U

.

S

.

Government

& Government Spon

sored

Enterprises

Money Market Fund on or about

the Liquidation Date

.

In connection with the liquidation of the Fund, the Fund no longer will accept purchase orders or exchange

requests

as

of

February 7

, 2025

.

Capitalized terms used in this Supplement

shall, unless otherwise defined herein, have the same meaning as given in the Prospectus and/or SAIs.

Please retain this document for your future reference.

STATEMENT OF ADDITIONAL INFORMATION

FEBRUARY 1, 2025

LORD ABBETT MUNICIPAL INCOME FUND, INC.

Lord Abbett Short Duration Tax Free Fund

Lord Abbett Sustainable Municipal

Bond Fund

CLASS

TICKER

CLASS

TICKER

CLASS

TICKER

CLASS

TICKER

A

LSDAX

F3

LSDOX

A

LASMX

F3

LSMOX

C

LSDCX

I

LISDX

C

LCSBX

I

LISMX

F

LSDFX

F

LSMFX

Lord Abbett Intermediate Tax Free Fund

Lord Abbett California Tax Free Fund

CLASS

TICKER

CLASS

TICKER

CLASS

TICKER

CLASS

TICKER

A

LISAX

F3

LOISX

A

LCFIX

F3

LCFOX

C

LISCX

I

LAIIX

C

CALAX

I

CAILX

F

LISFX

P

N/A

F

LCFFX

P

N/A

Lord Abbett National Tax Free Fund

Lord Abbett New Jersey Tax Free Fund

CLASS

TICKER

CLASS

TICKER

CLASS

TICKER

CLASS

TICKER

A

LANSX

F3

LONSX

A

LANJX

I

LINJX

C

LTNSX

I

LTNIX

F

LNJFX

P

N/A

F

LANFX

P

N/A

F3

LONJX

Lord Abbett High Income Municipal Bond

Fund

Lord Abbett New York Tax Free Fund

CLASS

TICKER

CLASS

TICKER

CLASS

TICKER

CLASS

TICKER

A

HYMAX

F3

HYMOX

A

LANYX

F3

LONYX

C

HYMCX

I

HYMIX

C

NYLAX

I

NYLIX

F

HYMFX

P

N/A

F

LNYFX

P

N/A

Lord Abbett Short Duration High Income

Municipal Bond Fund

CLASS

TICKER

CLASS

TICKER

A

SDHAX

F3

HYMQX

C

SDHCX

I

SDHIX

F

SDHFX

This SAI is not a prospectus. A prospectus may be obtained from your financial intermediary or from the

Distributor at 30 Hudson Street, Jersey City, NJ 07302-4804. This SAI is divided into two Parts - Part I

and Part II. Part I contains information that is particular to the Funds offered in this SAI, and should be

read in conjunction with the prospectus for the Funds offered in this SAI, dated February 1, 2025, as

supplemented from time to time. Part I includes information about the Funds, including investment

policies, management fees paid by the Funds, and information about other fees applicable to and

services provided to the Funds. Part II contains additional information that more generally applies to the

Lord Abbett Funds.

Each Fund’s

audited financial statements are incorporated into this SAI by reference to the Funds' most

recent Form N-CSR. The Funds' annual and semiannual reports to shareholders and Form N-CSR are

available without charge, upon request by calling 888-522-2388. In addition, you can make inquiries

through your financial intermediary.

PART I

TABLE OF CONTENTS

PAGE

1.

GLOSSARY

1-1

2.

FUND INFORMATION

2-1

3.

INVESTMENT POLICIES

3-1

4.

FUND INVESTMENTS

4-1

5.

BOARD MEMBERS

5-1

6.

INVESTMENT ADVISORY AND OTHER SERVICES, FEES, AND EXPENSES

6-1

7.

PORTFOLIO MANAGER INFORMATION

7-1

8.

SECURITIES LENDING

8-1

9.

CONTROL PERSONS AND PRINCIPAL SHAREHOLDERS

9-1

10.

FINANCIAL STATEMENTS

10-1

11.

STATE TAX CONSIDERATIONS

11-1

APPENDIX A: RISK FACTORS REGARDING INVESTMENTS IN PUERTO RICO, CALIFORNIA,

NEW JERSEY, AND NEW YORK MUNICIPAL BONDS

A-1

APPENDIX B: DESCRIPTION OF MUNICIPAL BOND RATINGS

B-1

Part I

1-1

1.

GLOSSARY

Lord Abbett Municipal Income Fund, Inc. is comprised of the following Funds:

Lord Abbett Short Duration Tax Free Fund:

Short Duration Tax Free Fund

Lord Abbett Intermediate Tax Free Fund:

Intermediate Fund

Lord Abbett National Tax Free Fund:

National Fund

Lord Abbett High Income Municipal Bond Fund:

High Income Municipal Bond Fund

Lord Abbett Short Duration High Income Municipal Bond Fund:

Short Duration High Income Municipal

Bond Fund

Lord Abbett Sustainable Municipal Bond Fund:

Sustainable Municipal Bond Fund

Lord Abbett California Tax Free Fund:

California Fund

Lord Abbett New Jersey Tax Free Fund:

New Jersey Fund

Lord Abbett New York Tax Free Fund:

New York Fund

Lord Abbett Funds

are comprised of the following management investment companies:

Lord Abbett Affiliated Fund, Inc.:

Affiliated Fund

Lord Abbett Bond Debenture Fund, Inc.:

Bond Debenture Fund

Lord Abbett Developing Growth Fund, Inc.:

Developing Growth Fund

Lord Abbett Global Fund, Inc.:

Global Fund

Lord Abbett Investment Trust:

Investment Trust

Lord Abbett Mid Cap Stock Fund, Inc.:

Mid Cap Stock Fund

Lord Abbett Municipal Income Fund, Inc.:

Municipal Income Fund

Lord Abbett Research Fund, Inc.:

Research Fund

Lord Abbett Securities Trust:

Securities Trust

Lord Abbett Series Fund, Inc.:

Series Fund

Lord Abbett Trust I:

Trust I

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.:

Money Market Fund

1933 Act

Securities Act of 1933, as amended

1940 Act

Investment Company Act of 1940, as amended

Board

Board of Directors

Board Member(s)

Director(s) of the Board

CDSC

Contingent deferred sales charge

CEA

Commodity Exchange Act, as amended

CPO

Commodity pool operator

Distributor

Lord Abbett Distributor LLC

Fitch

Fitch Ratings, Inc.

Fund(s)

Each separate investment portfolio of the Registrant

Independent Board

Member(s)

Director(s) of the Board who are not “interested persons” as defined in the

1940 Act, of each Fund

Interested Board

Member(s)

Director(s) of the Board who are not Independent Board Members

Lord Abbett

Lord, Abbett & Co. LLC

Moody’s

Moody’s Investor Service, Inc.

NYSE

New York Stock Exchange

Registrant

Municipal Income Fund

Rule 12b-1 Plan

Distribution and/or Shareholder Service Plan adopted under Rule 12b-1

(under the 1940 Act)

S&P

S&P Global Ratings

SAI

Statement of Additional Information

SEC

United States Securities and Exchange Commission

Part I

2-1

2.

FUND INFORMATION

The Registrant is an open-end management investment company registered under the 1940 Act. Short

Duration Tax Free Fund, Sustainable Municipal Bond Fund, Intermediate Fund, and National Fund are

diversified within the meaning of the 1940 Act. New Jersey Fund and New York Fund are non-diversified

investment companies. California Fund, High Income Municipal Bond Fund, and Short Duration High

Income Municipal Bond Fund are currently operating as diversified investment companies. Each of

California Fund, High Income Municipal Bond Fund, and Short Duration High Income Municipal Bond

Fund has previously operated as a non-diversified investment company and may operate as a non-

diversified investment company in the future to the extent permitted by applicable law. Under current law,

shareholder approval would be required for those Funds to resume operating as non-diversified. The

table below sets forth information about the Registrant’s organization.

Registrant Organization

Registrant

Form of

Organization

Date of Organization

Number of

Funds

Shares Available

for Issuance

Municipal

Income Fund

Maryland

corporation

December 27, 1983

9

11,757,501,500

shares, $0.001 par

value

Part I

3-1

3.

INVESTMENT POLICIES

Fundamental Investment Restrictions.

Each Fund’s (except for Sustainable Municipal Bond Fund)

investment objective cannot be changed without the approval of a “majority of the Fund’s outstanding

shares.”

1

Each Fund also is subject to the following fundamental investment restrictions that cannot be

changed without the approval of a majority of the Fund’s outstanding shares.

All Funds (except for Sustainable Municipal Bond Fund)

1. Each Fund may not borrow money, except that (i) it may borrow from banks (as defined in the

1940 Act)

2

in amounts up to

33⅓%

of its total assets (including the amount borrowed), (ii) it may

borrow up to an additional 5% of its total assets for temporary purposes, (iii) it may obtain such

short-term credit as may be necessary for the clearance of purchases and sales of portfolio

securities, (iv) it may purchase securities on margin to the extent permitted by applicable law,

3

and (v) it may borrow money from other Lord Abbett Funds to the extent permitted by applicable

law and any exemptive relief obtained by the Fund;

2. Each Fund may not pledge its assets (other than to secure such borrowings, or to the extent

permitted by each Fund’s investment policies as permitted by applicable law);

4

3. Each Fund may not engage in the underwriting of securities, except pursuant to a merger or

acquisition or to the extent that, in connection with the disposition of its portfolio securities, it may

be deemed to be an underwriter under federal securities laws;

4. Each Fund may not make loans to other persons, except that (i) the acquisition of bonds,

debentures or other corporate debt securities and investments in government obligations,

commercial paper, pass-through instruments, certificates of deposit, bankers’ acceptances,

repurchase agreements or any similar instruments shall not be subject to this limitation, and (ii)

the Fund may lend its portfolio securities, provided that the lending of portfolio securities may be

made only in accordance with applicable law, and (iii) the Fund may lend money to other Lord

Abbett Funds to the extent permitted by applicable law and any exemptive relief obtained by the

Fund;

5. Each Fund may not buy or sell real estate (except that each Fund may invest in securities directly

or indirectly secured by real estate or interests therein or issued by companies that invest in real

estate or interests therein), or commodities or commodity contracts (except to the extent each

Fund may do so in accordance with applicable law and without registering as a CPO under the

CEA as, for example, with futures contracts);

6. Each Fund may not, with respect to 75% of the gross assets of the National Fund, Intermediate

Fund, and Short Duration Tax Free Fund, buy securities of one issuer representing more than (i)

5% of the Fund’s gross assets, except securities issued or guaranteed by the U.S. Government,

its agencies or instrumentalities or (ii) 10% of the voting securities of such issuer;

7. Each Fund may not invest more than 25% of its assets, taken at market value, in the securities of

issuers in any particular industry (excluding tax-exempt securities such as tax-exempt securities

financing facilities in the same industry or issued by nongovernmental users and securities of the

U.S. Government, its agencies and instrumentalities); and

1

A “majority of the Fund’s outstanding shares” means the vote of the lesser of (1) 67% or more of the voting securities present at a

shareholder meeting, provided that more than 50% of the outstanding voting securities of the Fund are present at the meeting or

represented by proxy, or (2) more than 50% of the outstanding voting securities of the Fund regardless of whether such

shareholders are present at the meeting (or represented by proxy).

2

The term “bank” is defined in Section 2(a)(5) of the 1940 Act.

3

SEC staff guidance currently prohibits a Fund from purchasing any security on margin, except such short-term credits as are

necessary for the clearance of transactions.

4

For the purpose of this restriction, the deposit of assets in a segregated account with a Fund’s custodian in connection with any of

the Fund’s investment transactions is not considered to be a pledge of the Fund’s assets.

Part I

3-2

8. Each Fund may not issue senior securities to the extent such issuance would violate applicable

law.

5

Compliance with these fundamental investment restrictions will be determined at the time of the purchase

or sale of the security, except in the case of the first fundamental investment restriction, with which each

Fund must comply on a continuous basis.

Sustainable Municipal Bond Fund

1. The Fund may not borrow money, except that (i) it may borrow from banks (as defined in the

1940 Act)

2

in amounts up to

33⅓%

of its total assets (including the amount borrowed), (ii) it may

borrow up to an additional 5% of its total assets for temporary purposes, (iii) it may obtain such

short-term credit as may be necessary for the clearance of purchases and sales of portfolio

securities, (iv) it may purchase securities on margin to the extent permitted by applicable law,

3

and (v) it may borrow money from other Lord Abbett Funds to the extent permitted by applicable

law and any exemptive relief applicable to the Fund;

2. The Fund may not engage in the underwriting of securities, except pursuant to a merger or

acquisition or to the extent that, in connection with the disposition of its portfolio securities, it may

be deemed to be an underwriter under federal securities laws;

3. The Fund may not make loans to other persons, except that (i) the acquisition of bonds,

debentures or other corporate debt securities and investments in government obligations,

commercial paper, pass-through instruments, certificates of deposit, bankers’ acceptances,

repurchase agreements or any similar instruments shall not be subject to this limitation, (ii) the

Fund may lend its portfolio securities, provided that the lending of portfolio securities may be

made only in accordance with applicable law, and (iii) the Fund may lend money to other Lord

Abbett Funds to the extent permitted by applicable law and any exemptive relief obtained by the

Fund;

4. The Fund may not buy or sell real estate (except that the Fund may invest in securities directly or

indirectly secured by real estate or interests therein or issued by companies which invest in real

estate or interests therein), or commodities or commodity contracts other than in accordance with

applicable law;

5. The Fund may not invest more than 25% of its assets, taken at market value, in the securities of

issuers in any particular industry. (Tax-exempt securities, including tax-exempt securities

financing facilities in the same industry or issued by nongovernmental users, and securities of the

U.S. Government, its agencies and instrumentalities will not be considered to represent an

industry); and

6. The Fund may not issue senior securities to the extent such issuance would violate applicable

law

5

.

Compliance with these fundamental investment restrictions will be determined at the time of the purchase

or sale of the security, except in the case of the first fundamental investment restriction, with which each

Fund must comply on a continuous basis.

Non-Fundamental Investment Restriction.

Each Fund also is subject to the following non-fundamental

investment restriction that may be changed by the Registrant’s Board without shareholder approval:

Each Fund may not invest in securities issued by other investment companies as defined in the 1940 Act,

except to the extent permitted by applicable law. A Fund may not, however, rely on Sections 12(d)(1)(F)

and 12(d)(1)(G) of the 1940 Act.

5

Current federal securities laws prohibit a Fund from issuing senior securities (which generally are defined as securities representing

indebtedness), except that a Fund may borrow money from banks in amounts of up to

33⅓%

of its total assets (including the

amount borrowed).

Part I

4-1

4.

FUND INVESTMENTS

The following table identifies the investment types and techniques that Lord Abbett may use in managing

the Funds. A more detailed description of these investment types and techniques, along with the risks

associated with each, is contained in the “Additional Information on Portfolio Investments, Risks, and

Techniques” section of Part II. A Fund may use any or all of these investment types and techniques

indicated below at any one time, and the fact that a Fund may use a particular investment type or

technique does not mean that it will be used. A Fund’s transactions in a particular investment type or use

of a particular technique is subject to the limitations imposed by the Fund’s investment objective, policies,

and restrictions described in the Funds' prospectus and in this SAI, as well as the federal securities laws.

Each Fund may make other types of investments provided the investments are consistent with the Fund's

investment objective and policies and the Fund's investment restrictions do not expressly prohibit it from

doing so.

In addition, a Fund may receive instruments or investments not contemplated herein through

the conversion or exchange of a permissible investment or as a result of the reorganization or bankruptcy

of the issuer of an otherwise permissible investment, and the Fund may hold or dispose of these

instruments or investments at its discretion.

Please refer to the applicable Fund's prospectus and the fundamental and non-fundamental investment

restrictions in the “Investment Policies” section of Part I for more information on any applicable limitations.

Investment Types and Techniques

Short

Duration Tax

Free Fund

Intermediate

Fund

National

Fund

Cash Balance Management Practices

X

X

X

Convertible Securities

Synthetic Convertible Securities

Contingent Convertible Securities

Debt Securities

X

X

X

High-Yield or Lower-Rated Debt Securities

X

X

X

Defaulted Bonds and Distressed Debt

X

X

X

Depositary Receipts

X

X

X

Derivatives

X

X

X

Combined Transactions

Commodity-Related Investments

Credit Derivatives

X

X

X

Forward Contracts

X

X

X

Futures Contracts

X

X

X

Options Contracts

X

X

X

Participation Notes

Swap Agreements

X

X

X

Equity Securities

X

X

X

Common Stocks

X

X

X

Initial Public Offerings

Master Limited Partnerships

Preferred Stocks

X

X

X

Warrants and Rights

X

X

X

Foreign Currency Transactions

Foreign Securities

Emerging Market Securities

Illiquid Securities

X

X

X

Inflation-Indexed Securities

X

X

X

Investments in Other Investment Companies

X

X

X

Loans

Mortgage-Related and Asset-Backed Securities and Other

Collateralized Obligations

Part I

4-2

Investment Types and Techniques

Short

Duration Tax

Free Fund

Intermediate

Fund

National

Fund

Municipal Bonds

X

X

X

Non-U.S. Government and Supranational Debt Securities

Real Estate Investment Trusts

Short Sales

X

X

X

Structured Notes and Other Hybrid Instruments

X

X

X

U.S. Government Securities

X

X

X

When-Issued or Forward Transactions

X

X

X

Zero Coupon, Deferred Interest, Pay-In-Kind, and Capital

Appreciation Bonds

X

X

X

Investment Types and Techniques

High

Income

Municipal

Bond Fund

Short Duration

High Income

Municipal

Bond Fund

Sustainable

Municipal

Bond Fund

Cash Balance Management Practices

X

X

X

Convertible Securities

Synthetic Convertible Securities

Contingent Convertible Securities

Debt Securities

X

X

X

High-Yield or Lower-Rated Debt Securities

X

X

X

Defaulted Bonds and Distressed Debt

X

X

X

Depositary Receipts

Derivatives

X

X

X

Combined Transactions

Commodity-Related Investments

Credit Derivatives

X

X

X

Forward Contracts

X

X

X

Futures Contracts

X

X

X

Options Contracts

X

X

X

Participation Notes

Swap Agreements

X

X

X

Equity Securities

X

X

X

Common Stocks

X

X

X

Initial Public Offerings

Master Limited Partnerships

Preferred Stocks

X

X

X

Warrants and Rights

X

X

X

Foreign Currency Transactions

Foreign Securities

Emerging Market Securities

Illiquid Securities

X

X

X

Inflation-Indexed Securities

X

X

X

Investments in Other Investment Companies

X

X

X

Loans

Mortgage-Related and Asset-Backed Securities and Other

Collateralized Obligations

Municipal Bonds

X

X

X

Non-U.S. Government and Supranational Debt Securities

Real Estate Investment Trusts

X

Short Sales

X

X

X

Structured Notes and Other Hybrid Instruments

X

X

X

U.S. Government Securities

X

X

X

When-Issued or Forward Transactions

X

X

X

Zero Coupon, Deferred Interest, Pay-In-Kind, and Capital

X

X

X

Part I

4-3

Investment Types and Techniques

High

Income

Municipal

Bond Fund

Short Duration

High Income

Municipal

Bond Fund

Sustainable

Municipal

Bond Fund

Appreciation Bonds

Investment Types and Techniques

California

Fund

New Jersey

Fund

New York

Fund

Cash Balance Management Practices

X

X

X

Convertible Securities

Synthetic Convertible Securities

Contingent Convertible Securities

Debt Securities

X

X

X

High-Yield or Lower-Rated Debt Securities

X

X

X

Defaulted Bonds and Distressed Debt

X

X

X

Depositary Receipts

Derivatives

X

X

X

Combined Transactions

Commodity-Related Investments

Credit Derivatives

X

X

X

Forward Contracts

X

X

X

Futures Contracts

X

X

X

Options Contracts

X

X

X

Participation Notes

Swap Agreements

X

X

X

Equity Securities

X

X

X

Common Stocks

X

X

X

Initial Public Offerings

Master Limited Partnerships

Preferred Stocks

X

X

X

Warrants and Rights

X

X

X

Foreign Currency Transactions

Foreign Securities

Emerging Market Securities

Illiquid Securities

X

X

X

Inflation-Indexed Securities

X

X

X

Investments in Other Investment Companies

X

X

X

Loans

Mortgage-Related and Asset-Backed Securities and Other

Collateralized Obligations

Municipal Bonds

X

X

X

Non-U.S. Government and Supranational Debt Securities

Real Estate Investment Trusts

Short Sales

X

X

X

Structured Notes and Other Hybrid Instruments

X

X

X

U.S. Government Securities

X

X

X

When-Issued or Forward Transactions

X

X

X

Zero Coupon, Deferred Interest, Pay-In-Kind, and Capital

Appreciation Bonds

X

X

X

Related Additional Investment Restrictions

In addition to the principal investment strategies (and related restrictions) discussed in each Funds'

prospectus, each Fund may use other investment techniques in seeking to achieve its investment

objective, as set forth in the table above. The applicable investment restrictions associated with such

other investment techniques are set forth below. Please see ‘‘Additional Information on Portfolio

Part I

4-4

Investments, Risks, and Techniques’’ in Part II of the SAI for more information on these and the other

investment techniques that may be used by the Funds.

Borrowing Money.

Each Fund may borrow money to the extent permitted by its investment policies and

restrictions and applicable law. When a Fund borrows money or otherwise leverages its portfolio, the

value of an investment in the Fund may be more volatile and other investment risks will tend to be

compounded.

Each Fund may engage in other transactions that may have the effect of creating leverage in the Fund’s

portfolio, including, by way of example, derivatives transactions and reverse repurchase agreements. A

Fund will generally not treat derivative transactions as borrowings of money.

Illiquid Securities.

Each Fund may invest up to 15% of its net assets in illiquid securities. An illiquid

security is a security that a Fund reasonably expects cannot be sold or disposed of in then-current market

conditions in seven calendar days or less without the sale or disposition significantly changing the market

value of the security. In determining the liquidity of an investment, a Fund may consider, among other

things, the relevant market, trading and investment specific considerations of the security, including

anticipated trading sizes.

When-Issued or Forward Transactions

. Each Fund may purchase portfolio securities on a when-issued

or forward basis. When-issued or forward transactions involve a commitment by the Fund to purchase

securities, with payment and delivery (“settlement”) to take place in the future, in order to secure what is

considered to be an advantageous price or yield at the time of entering into the transaction. When-issued

purchases and forward transactions are negotiated directly with the other party, and such commitments

are not traded on exchanges. Each Fund also may sell securities it has committed to purchase before

those securities are delivered to the Fund on the settlement date.

Part I

5-1

5.

BOARD MEMBERS

The Board Members of the Registrant are also Board Members of each of the Lord Abbett Funds, which

collectively consist of 63 funds. For more information on the Board Members, please see the

“Management of the Funds” section of Part II.

Compensation

The following table sets forth the compensation accrued by the Registrant for the Independent Board

Members and the total compensation paid by all Lord Abbett Funds to the Independent Board Members,

including amounts payable but deferred at the option of each Independent Board Member. No Interested

Board Member or officer of the Lord Abbett Funds received any compensation from the Funds for acting

as a Board Member or officer. The Lord Abbett Funds currently do not offer a bonus, pension, profit-

sharing, or retirement plan.

Board Members

For the Fiscal Year Ended September

30, 2024 Aggregate Compensation

Accrued by the Registrant

1

Total Compensation Paid

by the Lord Abbett

Funds

2

Evelyn E. Guernsey

$62,242

$630,000

Julie A. Hill

3

8,626

0

Kathleen M. Lutito

47,811

470,000

Peter J. McNamara

4

N/A

N/A

James M. McTaggart

5

45,273

445,000

Charles O. Prince

47,811

470,000

Karla M. Rabusch

48,917

480,000

Lorin Patrick Taylor Radtke

42,734

420,000

Leah Song Richardson

42,734

420,000

Mark A. Schmid

43,657

420,000

James L.L. Tullis

5

46,129

420,000

1

Independent Board Members’ fees, including attendance fees for Board and committee meetings, are allocated among all Lord

Abbett Funds based on the net assets of the Fund. A portion of the fees payable by each Fund to its Independent Board Members

may be deferred at the option of a Board Member under an equity-based plan (the “deferred compensation plan”) that deems the

deferred amounts to be invested in shares of the Registrant for later distribution to the Board Members. The total deferred amounts

for Ms. Guernsey, Ms. Hill, Ms. Lutito, Mr. McTaggart, Mr. Prince, Ms. Rabusch, Mr. Radtke, Ms. Richardson, Mr. Schmid, and Mr.

Tullis attributable to the Fund are $0, $1,612, $8,626, $17,675, $44,878, $0, $21,367, $21,718, $0, and $3,332, respectively.

2

The second column shows total compensation, including the types of compensation described in the “For the Fiscal Year Ended

September 30, 2024 Aggregate Compensation Accrued by the Registrant” column, accrued by all Lord Abbett Funds for the

calendar year ended December 31, 2024, including fees of Independent Board Members that have been deferred.

3

Ms. Hill retired as a Trustee/Director of the Lord Abbett Funds effective December 31, 2023.

4

Mr. McNamara was appointed as a Trustee/Director of the Lord Abbett Funds effective January 1, 2025.

5

Mr. McTaggart and Mr. Tullis retired as Trustees/Directors of the Lord Abbett Funds effective December 31, 2024.

Fund Ownership

The following table sets forth certain information about the dollar range of equity securities beneficially

owned by each current Board Member in the Registrant and all other Lord Abbett Funds as of December

31, 2024. The amounts shown include deferred compensation (including any earnings) to the Board

Members deemed invested in Fund shares under the deferred compensation plan. The amounts

ultimately received by the Board Members under the deferred compensation plan will be directly linked to

the investment performance of the Lord Abbett Funds.