Company: RFMZ
Filing Date: 2025-03-07
Form Type: N-CSRS
Source: 0001398344-25-005064
Chunk: 3

Company: RiverNorth Flexible Municipal Income Fund II, Inc.
Filing Date: 2025-03-07
Form: N-CSRS
Chunk 3
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 | 3.94%           |
| State of Illinois, General Obligation Unlimited Bonds     | 3.93%           |
| City of Los Angeles Department of Airports, Revenue Bonds | 3.87%           |
| BlackRock MuniYield Fund, Inc.                            | 3.83%           |
| Nuveen AMT-Free Quality Municipal Income Fund             | 3.80%           |
| City of New York NY, General Obligation Unlimited Bonds   | 3.55%           |
|                                                           | 41.25%          |

| * | Holdings are subject to change and exclude short-term investments. |

RiverNorth Flexible Municipal Income Fund II, Inc.

ASSET ALLOCATIONas of December 31, 2024^

| ^ | Holdings are subject to change. |

Percentages are based on total investments of the Fund and do not include derivatives.

| 4 | (888) 848-7569 | www.rivernorth.com |

RiverNorth Flexible Municipal Income Fund II, Inc.

| Shares/Description        
 CLOSED-END FUNDS (62.35%) 
 United States (62.35)%    |           |     |                                                        |     | Value |            |
|:--------------------------|----------:|:----|:-------------------------------------------------------|:----|:------|-----------:|
|                           |    55,277 |     | abrdn National Municipal Income Fund                   |     | $     |    559,956 |
|                           |   393,041 |     | AllianceBernstein National Municipal Income Fund, Inc. |     |       |  4,272,356 |
|                           |    34,008 |     | BlackRock California Municipal Income Trust            |     |       |    380,890 |
|                           |   370,782 |     | BlackRock Investment Quality Municipal Trust, Inc.     |     |       |  4,134,219 |
|                           |   608,379 |     | BlackRock Municipal 2030 Target Term Trust(a)          |     |       | 12,526,524 |
|                           |   123,590 |     | BlackRock Municipal Income Fund, Inc.                  |     |       |  1,497,911 |
|                           |   242,298 |     | BlackRock Municipal Income Quality Trust               |     |       |  2,628,933 |
|                           |   682,345 |     |