# EDGAR Filing Document

**Accession Number:** 0001870833
**File Stem:** 0001752724-25-210004
**Filing Date:** 2025-8
**Character Count:** 50784
**Document Hash:** 9f15c30fe4cc5e57a24441218fa25290
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210004.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210004

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RiverNorth Managed Duration Municipal Income Fund II, Inc.
- **CENTRAL INDEX KEY:** 0001870833

**ORGANIZATION NAME:**
- **EIN:** 871387140

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23713
- **FILM NUMBER:** 251268077

**BUSINESS ADDRESS:**
- **STREET 1:** 360 S. ROSEMARY AVE
- **STREET 2:** SUITE 1420
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401
- **BUSINESS PHONE:** 312-832-1440

**MAIL ADDRESS:**
- **STREET 1:** 360 S. ROSEMARY AVE
- **STREET 2:** SUITE 1420
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** RiverNorth Managed Duration Municipal Income Fund II Inc.

- **b. Investment Company Act file number:** 811-23713

- **c. CIK number of Registrant:** 0001870833

- **d. LEI of Registrant:** 549300OONY38NOGARX02

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 360 S. Rosemary Avenue Suite 1420

  - **City:** West Palm Beach

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33401

  - **Telephone number:** 312-445-2249

**Item A.2. Information about the Series.**

- **a. Name of Series:** RiverNorth Managed Duration Municipal Income Fund II Inc.

- **c. LEI of Series:** 549300OONY38NOGARX02

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $131595218.89

**Total Liabilities:** $276903.70

**Net Assets:** $131318315.19

**Cash Not Reported:** $1709993.05

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 64.51006400 | **1-Year:** 202.54972800 | **5-Year:** 73170.44512900 | **10-Year:** 48458.00450700 | **30-Year:** 8974.15024700

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -5.23%               | 0.80%                | -1.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-921257.49              | $-4668015.17                               |
| Month 2  | $-1949.92                | $29808.44                                  |
| Month 3  | $-315579.80              | $835103.93                                 |

### Schedule of Portfolio Investments

| Name                                                        | Title                                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DZF5<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -1015000 | PA      | $-1015000.00  | -0.77%            | 2028-08-15      | Floating      | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Munivest Fund Inc                                 | BlackRock MuniVest Fund, Inc.                                                | CUSIP: 09253R105<br>LEI: 68LQJ5NLUNQI2T9OLL41 | Long             | EC               | RF                | US        |    259748 | NS      | $1709141.84   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Georgetown Tx Utility Sys Revenue                           | City of Georgetown TX Utility System Revenue                                 | CUSIP: 373064Q56<br>LEI: 549300BSO7ULYERIVM97 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4091062.40   | 3.12%             | 2052-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Ny Bridge & Tunnel Auth Revenues                 | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602RFZ3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024342.40   | 1.54%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AV73<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -4000000 | PA      | $-4000000.00  | -3.05%            | 2030-01-01      | Floating      | 1.98%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Municipal Income Trust                            | BlackRock Municipal Income Trust                                             | CUSIP: 09248F109<br>LEI: R3ITLLW1CUEQICP4XR90 | Long             | EC               | RF                | US        |    236530 | NS      | $2268322.70   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| New York St Dorm Auth St Personal Income Tax Revenue        | New York State Dormitory Authority                                           | CUSIP: 64990FX25<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1769502.29   | 1.35%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AZA2<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -4000000 | PA      | $-4000000.00  | -3.05%            | 2051-07-01      | Floating      | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DVM4<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -4000000 | PA      | $-4000000.00  | -3.05%            | 2030-05-15      | Floating      | 1.98%                 | Yes           |                  2 | On Loan: No      |
| Mfs High Yield Municipal Trust                              | MFS High Yield Municipal Trust                                               | CUSIP: 59318E102<br>LEI: A8WLLLHJKX1MW5QPZU93 | Long             | EC               | RF                | US        |     14537 | NS      | $48408.21     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dtf Tax-free Income 2028 Term Fund Inc                      | DTF Tax-Free Income 2028 Term Fund, Inc.                                     | CUSIP: 23334J107<br>LEI: 549300UTPMUSB8BKGI82 | Long             | EC               | RF                | US        |     73182 | NS      | $818906.58    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Muniyield Michigan Quality Fund Inc               | BlackRock MuniYield Michigan Quality Fund, Inc.                              | CUSIP: 09254V105<br>LEI: J3H1DOS8Q2FL9RVLS329 | Long             | EC               | RF                | US        |     23006 | NS      | $253986.24    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Ny                                                 | City of New York NY                                                          | CUSIP: 64966QY87<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   7525000 | PA      | $8003069.27   | 6.09%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blackrock Muniholdings Fund Inc                             | BlackRock MuniHoldings Fund, Inc.                                            | CUSIP: 09253N104<br>LEI: MZBVMGS24JR92TGE6Z32 | Long             | EC               | RF                | US        |    307701 | NS      | $3446251.20   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Quality Municipal Income Trust                      | Invesco Quality Municipal Income Trust                                       | CUSIP: 46133G107<br>LEI: WLEGDSEH0E242WVNUY02 | Long             | EC               | RF                | US        |     53010 | NS      | $497233.80    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Municipal Opportunity Trust                         | Invesco Municipal Opportunity Trust                                          | CUSIP: 46132C107<br>LEI: WERC5RXCUSU16MOTZ848 | Long             | EC               | RF                | US        |    567473 | NS      | $5209402.14   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Muniholdings California Quality Fund Inc          | BlackRock MuniHoldings California Quality Fund, Inc.                         | CUSIP: 09254L107<br>LEI: NKJSRCJXMS5PZYPXY795 | Long             | EC               | RF                | US        |    221069 | NS      | $2288064.15   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Liquidity Funds Municash                          | BlackRock Liquidity Funds MuniCash                                           | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |   5483905 | NS      | $5484453.40   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Virginia Small Business Fing Auth Priv Activity Revenue Sr  | Virginia Small Business Financing Authority                                  | CUSIP: 928097AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1405292.55   | 1.07%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DBM6<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3750000 | PA      | $-3750000.00  | -2.86%            | 2052-05-01      | Floating      | 2.89%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Muniyield New York Quality Fund Inc               | BlackRock MuniYield New York Quality Fund, Inc.                              | CUSIP: 09255E102<br>LEI: 158AYFGDRFUGVL3TD012 | Long             | EC               | RF                | US        |     36570 | NS      | $348512.10    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Denver City & Cnty Co Sch Dist #1                           | Denver City & County School District No 1                                    | CUSIP: 249174ZN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3215240.10   | 2.45%             | 2049-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nuveen Municipal Credit Income Fund                         | Nuveen Municipal Credit Income Fund                                          | CUSIP: 67070X101<br>LEI: 54930078DL3R0VSYW338 | Long             | EC               | RF                | US        |     80922 | NS      | $964590.24    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Muniholdings New York Quality Fund Inc            | BlackRock MuniHoldings New York Quality Fund, Inc.                           | CUSIP: 09255C106<br>LEI: YP1D2S6Y4JY0A7W3DV93 | Long             | EC               | RF                | US        |     86140 | NS      | $845894.80    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035MLB9<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2250000 | PA      | $-2250000.00  | -1.71%            | 2049-12-01      | Floating      | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts St Sch Bldg Auth Sales Tax Revenue            | Massachusetts School Building Authority                                      | CUSIP: 576000YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1371960.32   | 1.04%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US 10yr T-Note                                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |      -700 | NC      | $-78487500.00 | -59.77%           |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AN64<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -7000000 | PA      | $-7000000.00  | -5.33%            | 2034-01-01      | Floating      | 2.89%                 | Yes           |                  2 | On Loan: No      |
| Invesco Municipal Income Opportunities Trust                | Invesco Municipal Income Opportunities Trust                                 | CUSIP: 46132X101<br>LEI: DJSR2NJ3985722G80Y20 | Long             | EC               | RF                | US        |     71366 | NS      | $410354.50    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bny Mellon Strategic Municipal Bond Fund Inc                | BNY Mellon Strategic Municipal Bond Fund, Inc.                               | CUSIP: 09662E109<br>LEI: 54930044KK4C1VDJ7M52 | Long             | EC               | RF                | US        |     69447 | NS      | $388903.20    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco New York Municipal Income Fund                        | PIMCO New York Municipal Income Fund                                         | CUSIP: 72200T103<br>LEI: VSODSLIYXJ7C18SCFD63 | Long             | EC               | RF                | US        |      2658 | NS      | $18579.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennessee Energy Acquisition Corp Commodity Project Revenue | Tennessee Energy Acquisition Corporation Gas Revenue Bonds                   | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5270305.50   | 4.01%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Blackrock Muniyield Quality Fund Iii Inc                    | BlackRock MuniYield Quality Fund III, Inc.                                   | CUSIP: 09254E103<br>LEI: UB5J2GS6Q51M6A2L8886 | Long             | EC               | RF                | US        |    157737 | NS      | $1654661.13   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035EBS1<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2000000 | PA      | $-2000000.00  | -1.52%            | 2052-12-01      | Floating      | 2.04%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Munivest Fund Ii Inc                              | BlackRock MuniVest Fund II, Inc.                                             | CUSIP: 09253T101<br>LEI: TC1SINW7C50S8NN8GU32 | Long             | EC               | RF                | US        |    197675 | NS      | $2040006.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Greater Clark In Bldg Corp                                  | Greater Clark Building Corp.                                                 | CUSIP: 39167GJT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4665137.03   | 3.55%             | 2042-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DDD4<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3600000 | PA      | $-3600000.00  | -2.74%            | 2047-08-01      | Floating      | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Nuveen New York Municipal Value Fund                        | Nuveen New York Municipal Value Fund                                         | CUSIP: 67062M105<br>LEI: 549300NZ3QOSIW1ZM615 | Long             | EC               | RF                | US        |     34440 | NS      | $279308.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Municipal Trust                                     | Invesco Municipal Trust                                                      | CUSIP: 46131J103<br>LEI: GKS5Y4B1VKHV66WSPK53 | Long             | EC               | RF                | US        |    214742 | NS      | $1964889.30   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco California Municipal Income Fund Iii                  | PIMCO California Municipal Income Fund III                                   | CUSIP: 72201C109<br>LEI: BVT0QWDJNZ8WI4XN5U25 | Long             | EC               | RF                | US        |     20645 | NS      | $128618.35    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Trust For Investment Grade Municipals               | Invesco Trust for Investment Grade Municipals                                | CUSIP: 46131M106<br>LEI: V0VF67S6NRLBDK357F71 | Long             | EC               | RF                | US        |     86461 | NS      | $820514.89    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco California Municipal Income Fund Ii                   | PIMCO California Municipal Income Fund II                                    | CUSIP: 72200M108<br>LEI: 1R86W760D611I8RHLX24 | Long             | EC               | RF                | US        |     41197 | NS      | $220815.92    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Muniholdings Quality Fund Ii Inc                  | BlackRock MuniHoldings Quality Fund II, Inc.                                 | CUSIP: 09254C107<br>LEI: V04K6JK5YHD4O5SHSC34 | Long             | EC               | RF                | US        |    147258 | NS      | $1410731.64   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaii St Arpts Sys Revenue                                 | State of Hawaii Airports System Revenue                                      | CUSIP: 419794A51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4958671.50   | 3.78%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bny Mellon Strategic Municipals Inc                         | BNY Mellon Strategic Municipals, Inc.                                        | CUSIP: 05588W108<br>LEI: 549300FH0LKMOBY7N332 | Long             | EC               | RF                | US        |    193852 | NS      | $1147603.84   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco Municipal Income Fund Ii                              | PIMCO Municipal Income Fund II                                               | CUSIP: 72200W106<br>LEI: ZVT714KPY3QTZWRT1S41 | Long             | EC               | RF                | US        |     30416 | NS      | $226599.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sacramento City Ca Unif Sch Dist                            | Sacramento City Unified School District                                      | CUSIP: 785870E85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4712778.45   | 3.59%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Grant Cnty Wa                                               | County of Grant WA                                                           | CUSIP: 387802FN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3155000 | PA      | $3220808.57   | 2.45%             | 2057-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DBS3<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2250000 | PA      | $-2250000.00  | -1.71%            | 2047-08-01      | Floating      | 2.02%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Muniyield Quality Fund Inc                        | BlackRock MuniYield Quality Fund, Inc.                                       | CUSIP: 09254F100<br>LEI: TFKEE3VA3GBE5LOK5U77 | Long             | EC               | RF                | US        |    290530 | NS      | $3227788.30   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AE49<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3000000 | PA      | $-3000000.00  | -2.28%            | 2052-08-15      | Floating      | 2.02%                 | Yes           |                  2 | On Loan: No      |
| Nuveen Municipal Value Fund Inc                             | Nuveen Municipal Value Fund, Inc.                                            | CUSIP: 670928100<br>LEI: 549300TFLBQ7LJSP8B20 | Long             | EC               | RF                | US        |    754880 | NS      | $6559907.20   | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Holly Mi Area Sch Dist                                      | Holly Area School District                                                   | CUSIP: 435866TX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5161460.00   | 3.93%             | 2052-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Missouri St Hlth & Eductnl Facs Auth Hlth Facs Revenue      | Health & Educational Facilities Authority of the State of Missouri           | CUSIP: 60637AXQ0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520936.25   | 1.16%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invesco Advantage Municipal Income Trust Ii                 | Invesco Advantage Municipal Income Trust II                                  | CUSIP: 46132E103<br>LEI: DA89O2CSN0WUDR74HM71 | Long             | EC               | RF                | US        |     88265 | NS      | $738778.05    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035GZY7<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2000000 | PA      | $-2000000.00  | -1.52%            | 2053-11-01      | Floating      | 1.94%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DXC4<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -6000000 | PA      | $-6000000.00  | -4.57%            | 2039-05-01      | Floating      | 1.97%                 | Yes           |                  2 | On Loan: No      |
| Broward Cnty Fl Sch Dist                                    | School District of Broward County                                            | CUSIP: 115067MC1<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5032787.00   | 3.83%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-cuyahoga Cnty Oh Port Auth                        | Cleveland-Cuyahoga County Port Authority                                     | CUSIP: 186103LR6<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3096099.00   | 2.36%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nuveen Amt-free Quality Municipal Income Fund               | Nuveen AMT-Free Quality Municipal Income Fund                                | CUSIP: 670657105<br>LEI: 549300OTYQOOXS64NI63 | Long             | EC               | RF                | US        |    268619 | NS      | $2933319.48   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| South Carolina St Public Svc Auth Revenue                   | South Carolina Public Service Authority                                      | CUSIP: 837151U49<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2654067.25   | 2.02%             | 2052-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Francisco Calif City &cnty Arpts Commn Intl Arpt Rev    | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DXQ7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1557570.00   | 1.19%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pimco New York Municipal Income Fund Iii                    | PIMCO New York Municipal Income Fund III                                     | CUSIP: 72201E105<br>LEI: R2MUFGRNN5QKX2UD3V35 | Long             | EC               | RF                | US        |      3630 | NS      | $19021.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Colorado St Hlth Facs Auth Revenue                          | Colorado Health Facilities Authority                                         | CUSIP: 19648FSH8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1353806.24   | 1.03%             | 2050-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alliancebernstein National Municipal Income Fund Inc        | AllianceBernstein National Municipal Income Fund, Inc.                       | CUSIP: 01864U106<br>LEI: MNYPOOOZYY8V01GEIT28 | Long             | EC               | RF                | US        |    206945 | NS      | $2133602.95   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| California St Univ Revenue                                  | California State University                                                  | CUSIP: 13077DSY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2634952.00   | 2.01%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035D3Z6<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2400000 | PA      | $-2400000.00  | -1.83%            | 2029-12-01      | Floating      | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Nuveen Amt-free Municipal Value Fund                        | Nuveen AMT-Free Municipal Value Fund                                         | CUSIP: 670695105<br>LEI: 5493002K5IM2S29FUR04 | Long             | EC               | RF                | US        |    123710 | NS      | $1692352.80   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035GZ68<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3600000 | PA      | $-3600000.00  | -2.74%            | 2029-07-01      | Floating      | 2.80%                 | Yes           |                  2 | On Loan: No      |
| San Diego Cnty Ca Regl Arpt Auth Airport Revenue            | San Diego County Regional Airport Authority                                  | CUSIP: 79739GNA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4544066.25   | 3.46%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US Long Bond Future                                                          | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |      -150 | NC      | $-17320312.50 | -13.19%           |  |  |  | No            |                  1 | On Loan: No      |
| S Estrn Pa Transprtn Auth                                   | Southeastern Pennsylvania Transportation Authority                           | CUSIP: 842039FQ7<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3111818.40   | 2.37%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco Ca Bay Area Rapid Transit Dist                | San Francisco Bay Area Rapid Transit District                                | CUSIP: 797661C86<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7444569.30   | 5.67%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nuveen Amt-free Municipal Credit Income Fund                | Nuveen AMT-Free Municipal Credit Income Fund                                 | CUSIP: 67071L106<br>LEI: 549300LBMO1C0IG71T03 | Long             | EC               | RF                | US        |     93095 | NS      | $1110623.35   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Municipal Bond Fund                             | Eaton Vance Municipal Bond Fund                                              | CUSIP: 27827X101<br>LEI: 5493006Q4EBOXVQBQD12 | Long             | EC               | RF                | US        |     60265 | NS      | $582762.55    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Gtr Asheville Regl Arpt Auth Nc Arpt Sys Revenue            | Greater Asheville Regional Airport Authority                                 | CUSIP: 39160CAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5139148.00   | 3.91%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Columbus Oh Regl Arpt Auth Revenue                          | Columbus Regional Airport Authority                                          | CUSIP: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549277.55   | 1.18%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HEALTH & EDL BLDG CORP                      | Rhode Island Health & Educational Facility Revenue Bonds                     | CUSIP: 762196X57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5216903.00   | 3.97%             | 2052-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DAU9<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3000000 | PA      | $-3000000.00  | -2.28%            | 2048-07-01      | Floating      | 2.12%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AXT3<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3400000 | PA      | $-3400000.00  | -2.59%            | 2029-07-15      | Floating      | 1.98%                 | Yes           |                  2 | On Loan: No      |
| Nuveen Pennsylvania Quality Municipal Income Fund           | Nuveen Pennsylvania Quality Municipal Income Fund                            | CUSIP: 670972108<br>LEI: 5493000C1CS4Q000GF67 | Long             | EC               | RF                | US        |    100735 | NS      | $1130246.70   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Municipal 2030 Target Term Trust                  | BlackRock Municipal 2030 Target Term Trust                                   | CUSIP: 09257P105<br>LEI: 549300TDIJ2J8F6X3N04 | Long             | EC               | RF                | US        |    115755 | NS      | $2533876.95   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Il                                                  | City of Chicago IL                                                           | CUSIP: 167486M30<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10352818.00  | 7.88%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blackrock Municipal Income Trust Ii                         | BlackRock Municipal Income Trust II                                          | CUSIP: 09249N101<br>LEI: 17UVWS2OK706BUPLKK60 | Long             | EC               | RF                | US        |    226482 | NS      | $2273879.28   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AC25<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -5600000 | PA      | $-5600000.00  | -4.26%            | 2047-08-01      | Floating      | 1.94%                 | Yes           |                  2 | On Loan: No      |
| Michigan St Trunk Line                                      | State of Michigan Trunk Line Revenue                                         | CUSIP: 5946954N5<br>LEI: CADMV8WVNQO7XM117W54 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5382969.50   | 4.10%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Western Asset Intermediate Muni Fund                        | Western Asset Intermediate Municipal Fund                                    | CUSIP: 958435109<br>LEI: 5493000MG5MROBD48K57 | Long             | EC               | RF                | US        |     55132 | NS      | $414592.64    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Triborough Ny Bridge & Tunnel Auth Payroll Mobility Tax     | Triborough Bridge D-2 and Tunnel Authority General Revenue Bonds             | CUSIP: 89602HEQ6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5230137.50   | 3.98%             | 2052-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DZH1<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -1275000 | PA      | $-1275000.00  | -0.97%            | 2030-03-15      | Floating      | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Putnam Municipal Opportunities Trust                        | Putnam Municipal Opportunities Trust                                         | CUSIP: 746922103<br>LEI: 549300M74BR4G95PSL96 | Long             | EC               | RF                | US        |     17789 | NS      | $175933.21    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mfs High Income Municipal Trust                             | MFS High Income Municipal Trust                                              | CUSIP: 59318D104<br>LEI: 0G9TCUWY2FBUXSJY2691 | Long             | EC               | RF                | US        |    108735 | NS      | $389271.30    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco California Municipal Income Fund                      | PIMCO California Municipal Income Fund                                       | CUSIP: 72200N106<br>LEI: M4DHYCROG6SFNO22X437 | Long             | EC               | RF                | US        |     41397 | NS      | $355600.23    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DSE6<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3750000 | PA      | $-3750000.00  | -2.86%            | 2052-05-15      | Floating      | 2.78%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AE64<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3750000 | PA      | $-3750000.00  | -2.86%            | 2052-08-01      | Floating      | 1.98%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Long-term Municipal Advantage Trust               | BlackRock Long-Term Municipal Advantage Trust                                | CUSIP: 09250B103<br>LEI: G3XW7SJTEWPATVFP0M68 | Long             | EC               | RF                | US        |     26081 | NS      | $239162.77    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock New York Municipal Income Trust                   | BlackRock New York Municipal Income Trust                                    | CUSIP: 09248L106<br>LEI: PJKTUMDJPIZ89SB71052 | Long             | EC               | RF                | US        |     46936 | NS      | $453871.12    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Municipal Income Quality Trust                    | BlackRock Municipal Income Quality Trust                                     | CUSIP: 092479104<br>LEI: ZQ1Z8W71OQGQTC6ZJ410 | Long             | EC               | RF                | US        |     55788 | NS      | $589121.28    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Ny                                                 | City of New York NY                                                          | CUSIP: 64966QF96<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2642986.67   | 2.01%             | 2040-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Blackrock Investment Quality Municipal Trust Inc/the        | BlackRock Investment Quality Municipal Trust, Inc.                           | CUSIP: 09247D105<br>LEI: HIQUII1IK2OOB2XHIJ72 | Long             | EC               | RF                | US        |     88486 | NS      | $966267.12    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco New York Municipal Income Fund Ii                     | PIMCO New York Municipal Income Fund II                                      | CUSIP: 72200Y102<br>LEI: P1IBOVZHA4PI2PLT9Q65 | Long             | EC               | RF                | US        |     52561 | NS      | $353209.92    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Municipal High Income Advantage Fund Inc            | Pioneer Municipal High Income Advantage Fund, Inc.                           | CUSIP: 723762100<br>LEI: UE8ZNXHQH48NNA19I459 | Long             | EC               | RF                | US        |     26621 | NS      | $220954.30    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035FP20<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3750000 | PA      | $-3750000.00  | -2.86%            | 2052-05-01      | Floating      | 1.97%                 | Yes           |                  2 | On Loan: No      |
| Guam Govt Wtrwks Auth Wtr & Wstwtr Sys Revenue              | Guam Government Waterworks Authority                                         | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   2000000 | PA      | $1978716.60   | 1.51%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blackrock Muniyield Fund Inc                                | BlackRock MuniYield Fund, Inc.                                               | CUSIP: 09253W104<br>LEI: AVXF9RZVI4EDWXACOH81 | Long             | EC               | RF                | US        |    646871 | NS      | $6494584.84   | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Port Auth Of New York & New Jersey Ny                       | Port Authority of New York & New Jersey                                      | CUSIP: 73358XFS6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5148972.50   | 3.92%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035MBX2<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -1200000 | PA      | $-1200000.00  | -0.91%            | 2032-11-01      | Floating      | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Nuveen Quality Municipal Income Fund                        | Nuveen Quality Municipal Income Fund                                         | CUSIP: 67066V101<br>LEI: 549300RDIO25ZNWCOA97 | Long             | EC               | RF                | US        |    525013 | NS      | $5927396.77   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                    | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DNS0<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2520000 | PA      | $-2520000.00  | -1.92%            | 2057-12-01      | Floating      | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035GGN2<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -1600000 | PA      | $-1600000.00  | -1.22%            | 2029-05-15      | Floating      | 4.05%                 | Yes           |                  2 | On Loan: No      |
| Illinois St                                                 | State of Illinois                                                            | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8383626.40   | 6.38%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Municipal Fund Inc                         | Neuberger Berman Municipal Fund, Inc.                                        | CUSIP: 64124P101<br>LEI: 549300IIZWX8QVUHXO20 | Long             | EC               | RF                | US        |    116806 | NS      | $1148202.98   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035GMW5<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3750000 | PA      | $-3750000.00  | -2.86%            | 2044-11-15      | Floating      | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035M8K4<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -6020000 | PA      | $-6020000.00  | -4.58%            | 2039-04-01      | Floating      | 2.78%                 | Yes           |                  2 | On Loan: No      |
| Western Asset Managed Municipals Fund Inc                   | Western Asset Managed Municipals Fund, Inc.                                  | CUSIP: 95766M105<br>LEI: 549300HVO8EY2T8K4F73 | Long             | EC               | RF                | US        |    709417 | NS      | $7023228.30   | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** RiverNorth Managed Duration Municipal Income Fund II Inc.

**Signature:** Jonathan M. Mohrhardt

**Name of Signer:** Jonathan M. Mohrhardt

**Title:** Treasurer & Chief Financial Officer