# EDGAR Filing Document

**Accession Number:** 0001870833
**File Stem:** 0001049169-26-000373
**Filing Date:** 2026-2
**Character Count:** 53882
**Document Hash:** 772cd286a99fc7f6298602d9036dad44
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000373.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001049169-26-000373

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260630

**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:** 26690392

**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:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $136977095.25

**Total Liabilities:** $2525263.16

**Net Assets:** $134451832.09

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 101778.86791900 | **1-Year:** 4077.04280700 | **5-Year:** 83884.29791400 | **10-Year:** 48376.00244200 | **30-Year:** 6176.31810600

**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 | 1.37%                | -2.41%               | -0.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-28098.07               | $1609004.99                                |
| Month 2  | $323370.37               | $-947599.24                                |
| Month 3  | $-222481.78              | $-25977.94                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Blackrock Munivest Fund Inc                                 | BlackRock MuniVest Fund, Inc.                                                | CUSIP: 09253R105<br>LEI: 68LQJ5NLUNQI2T9OLL41 | Long             | EC               | RF                | US        |    239926 | NS      | $1662687.18   | 1.24%             |  |  |  | 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      | $4152752.40   | 3.09%             | 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      | $2053727.20   | 1.53%             | 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  | -2.98%            | 2030-01-01      | Floating      | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Municipal Income Trust                            | BlackRock Municipal Income Trust                                             | CUSIP: 09248F109<br>LEI: R3ITLLW1CUEQICP4XR90 | Long             | EC               | RF                | US        |    236530 | NS      | $2372395.90   | 1.76%             |  |  |  | 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      | $1820456.05   | 1.35%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  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  | -2.98%            | 2030-05-15      | Floating      | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Nuveen Municipal Credit Opportunities Fund                  | Nuveen Municipal Credit Opportunities Fund                                   | CUSIP: 670663103<br>LEI: 549300DD3V5NH59YTS11 | Long             | EC               | RF                | US        |     27451 | NS      | $280823.73    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mfs High Yield Municipal Trust                              | MFS High Yield Municipal Trust                                               | CUSIP: 59318E102<br>LEI: A8WLLLHJKX1MW5QPZU93 | Long             | EC               | RF                | US        |     14537 | NS      | $51024.87     | 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        |     48222 | NS      | $550695.24    | 0.41%             |  |  |  | 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        |      2490 | NS      | $29232.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035THX1<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2400000 | PA      | $-2400000.00  | -1.79%            | 2060-10-15      | Floating      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| New York Ny                                                 | City of New York NY                                                          | CUSIP: 64966QY87<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   7525000 | PA      | $8246846.16   | 6.13%             | 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      | $3612409.74   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Municipal Opportunity Trust                         | Invesco Municipal Opportunity Trust                                          | CUSIP: 46132C107<br>LEI: WERC5RXCUSU16MOTZ848 | Long             | EC               | RF                | US        |    671011 | NS      | $6421575.27   | 4.78%             |  |  |  | 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        |    358532 | NS      | $3800439.20   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Indiana St Fin Auth Student Hsg Revenue                     | Indiana Finance Authority                                                    | CUSIP: 45471FAF8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1523412.70   | 1.13%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invesco Pennsylvania Value Municipal Income Trust           | Invesco Pennsylvania Value Municipal Income Trust                            | CUSIP: 46132K109<br>LEI: 549300S5KHBL3XISY922 | Long             | EC               | RF                | US        |      8242 | NS      | $86211.32     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Liquidity Funds Municash                          | BlackRock Liquidity Funds MuniCash                                           | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |   6135177 | NS      | $6135790.80   | 4.56%             |  |  |  | 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      | $1423827.60   | 1.06%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greenville Tx Elec Utility Sys Revenue                      | City of Greenville TX Electric System Revenue                                | CUSIP: 396706JC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026762.90   | 0.76%             | 2054-02-15      | 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  | -2.79%            | 2052-05-01      | Floating      | 3.46%                 | 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        |     17935 | NS      | $177735.85    | 0.13%             |  |  |  | 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      | $3305362.50   | 2.46%             | 2049-12-01      | Fixed         | 5.50%                 | No            |                  2 | 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        |     99121 | NS      | $1014007.83   | 0.75%             |  |  |  | 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  | -1.67%            | 2049-12-01      | Floating      | 3.35%                 | Yes           |                  2 | 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  | -5.21%            | 2034-01-01      | Floating      | 2.89%                 | Yes           |                  2 | On Loan: No      |
| S Estrn Pa Transprtn Auth                                   | Southeastern Pennsylvania Transportation Authority                           | CUSIP: 842039FR5<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3123901.80   | 2.32%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | 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        |     97052 | NS      | $598810.84    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Muniassets Fund Inc                               | BlackRock MuniAssets Fund, Inc.                                              | CUSIP: 09254J102<br>LEI: UJYLDIG1NIEEIV3PO802 | Long             | EC               | RF                | US        |     24393 | NS      | $261249.03    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| New York St Dorm Auth Revenues Non St Supported Debt        | New York State Dormitory Authority                                           | CUSIP: 65000BW38<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2706710.50   | 2.01%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | 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      | $5344166.00   | 3.97%             | 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        |    152571 | NS      | $1658446.77   | 1.23%             |  |  |  | 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  | -1.49%            | 2052-12-01      | Floating      | 3.44%                 | 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      | $2136866.75   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035RSR6<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -1600000 | PA      | $-1600000.00  | -1.19%            | 2049-08-15      | Floating      | 3.37%                 | Yes           |                  2 | On Loan: No      |
| Greater Clark In Bldg Corp                                  | Greater Clark Building Corp.                                                 | CUSIP: 39167GJT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4750066.48   | 3.53%             | 2042-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US Long Bond Future                                                          | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |      -255 | NC      | $-29476406.25 | -21.92%           |  |  |  | No            |                  1 | 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  | -2.68%            | 2047-08-01      | Floating      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Invesco Municipal Trust                                     | Invesco Municipal Trust                                                      | CUSIP: 46131J103<br>LEI: GKS5Y4B1VKHV66WSPK53 | Long             | EC               | RF                | US        |    399588 | NS      | $3856024.20   | 2.87%             |  |  |  | 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      | $1476997.74   | 1.10%             |  |  |  | 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      | $5034007.50   | 3.74%             | 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        |    214170 | NS      | $1362121.20   | 1.01%             |  |  |  | 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      | $229336.64    | 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      | $4755774.60   | 3.54%             | 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      | $3291358.78   | 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  | -1.67%            | 2047-08-01      | Floating      | 3.41%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Muniyield Quality Fund Inc                        | BlackRock MuniYield Quality Fund, Inc.                                       | CUSIP: 09254F100<br>LEI: TFKEE3VA3GBE5LOK5U77 | Long             | EC               | RF                | US        |    249438 | NS      | $2818649.40   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mta Hudson Rail Yards Trust Obligs Revenue                  | MTA Hudson Rail Yards Trust Obligations                                      | CUSIP: 62476RAC9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999950.20   | 1.49%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AE49<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3000000 | PA      | $-3000000.00  | -2.23%            | 2052-08-15      | Floating      | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Texas Wtr Dev Brd Revenue                                   | Texas Water Development Board                                                | CUSIP: 88285AKF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3118245.30   | 2.32%             | 2060-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen Municipal Value Fund Inc                             | Nuveen Municipal Value Fund, Inc.                                            | CUSIP: 670928100<br>LEI: 549300TFLBQ7LJSP8B20 | Long             | EC               | RF                | US        |     86758 | NS      | $786027.48    | 0.58%             |  |  |  | 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      | $5252051.50   | 3.91%             | 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      | $1596780.75   | 1.19%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Abrdn National Municipal Income Fund                        | abrdn National Municipal Income Fund                                         | CUSIP: 24610T108<br>LEI: NIC7ULNUGCUI836YP119 | Long             | EC               | RF                | US        |     13924 | NS      | $142999.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock California Municipal Income Trust                 | BlackRock California Municipal Income Trust                                  | CUSIP: 09248E102<br>LEI: LE6236HQD6DXEGUHE217 | Long             | EC               | RF                | US        |    113458 | NS      | $1218538.92   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Managed Municipal Income Trust                       | Putnam Managed Municipal Income Trust                                        | CUSIP: 746823103<br>LEI: 549300MCDIUT86HMWI73 | Long             | EC               | RF                | US        |     19340 | NS      | $121261.80    | 0.09%             |  |  |  | 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  | -1.49%            | 2053-11-01      | Floating      | 3.34%                 | 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  | -4.46%            | 2039-05-01      | Floating      | 3.37%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035TFW5<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2000000 | PA      | $-2000000.00  | -1.49%            | 2054-07-01      | Floating      | 3.35%                 | Yes           |                  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      | $3142704.60   | 2.34%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | 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      | $2692015.75   | 2.00%             | 2052-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Francisco Ca 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      | $1588904.85   | 1.18%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado St Hlth Facs Auth Revenue                          | Colorado Health Facilities Authority                                         | CUSIP: 19648FSH8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1440190.24   | 1.07%             | 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      | $2239144.90   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| California St Univ Revenue                                  | California State University                                                  | CUSIP: 13077DSY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2675762.50   | 1.99%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  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      | $1770290.10   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance National Municipal Opportunities Trust          | Eaton Vance National Municipal Opportunities Trust                           | CUSIP: 27829L105<br>LEI: 54930084Z1GHZMB5XL81 | Long             | EC               | RF                | US        |      1180 | NS      | $19953.80     | 0.01%             |  |  |  | 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  | -2.68%            | 2029-07-01      | Floating      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Ishares National Muni Bond Etf                              | iShares National Muni Bond ETF                                               | CUSIP: 464288414<br>LEI: 549300H21FUYFQW9N157 | Long             | EC               | RF                | US        |     12463 | NS      | $1334911.93   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ehove Oh Jt Vocational Sch Dist                             | EHOVE Joint Vocational School District                                       | CUSIP: 282407CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1576153.95   | 1.17%             | 2060-12-01      | Fixed         | 5.50%                 | No            |                  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      | $4646794.50   | 3.46%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035RUC6<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -5250000 | PA      | $-5250000.00  | -3.90%            | 2049-07-01      | Floating      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Nuveen Dynamic Municipal Opportunities Fund                 | Nuveen Dynamic Municipal Opportunities Fund                                  | CUSIP: 67079X102<br>LEI: 549300U0TWS55O2SJ275 | Long             | EC               | RF                | US        |     12385 | NS      | $124840.80    | 0.09%             |  |  |  | No            |                  1 | 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        |     10997 | NS      | $139222.02    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Municipal Bond Fund                             | Eaton Vance Municipal Bond Fund                                              | CUSIP: 27827X101<br>LEI: 5493006Q4EBOXVQBQD12 | Long             | EC               | RF                | US        |    207830 | NS      | $2022185.90   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen New York Amt-free Quality Municipal Income Fund      | Nuveen New York AMT-Free Quality Municipal Income Fund                       | CUSIP: 670656107<br>LEI: 549300V4X2BF3UXSCQ58 | Long             | EC               | RF                | US        |     75845 | NS      | $765276.05    | 0.57%             |  |  |  | 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      | $5194332.50   | 3.86%             | 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      | $1578581.85   | 1.17%             | 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      | $5279525.50   | 3.93%             | 2052-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035RGF5<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2400000 | PA      | $-2400000.00  | -1.79%            | 2031-01-01      | Floating      | 3.35%                 | Yes           |                  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  | -2.23%            | 2048-07-01      | Floating      | 3.52%                 | 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  | -2.53%            | 2029-07-15      | Floating      | 3.38%                 | 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        |    112219 | NS      | $1334283.91   | 0.99%             |  |  |  | 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        |     96973 | NS      | $2212923.86   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Il                                                  | City of Chicago IL                                                           | CUSIP: 167486M30<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10434828.00  | 7.76%             | 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      | $2364472.08   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Michigan St Trunk Line                                      | State of Michigan Trunk Line Revenue                                         | CUSIP: 5946954N5<br>LEI: CADMV8WVNQO7XM117W54 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5544087.00   | 4.12%             | 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      | $423413.76    | 0.31%             |  |  |  | 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      | $5304396.00   | 3.95%             | 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  | -0.95%            | 2030-03-15      | Floating      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Putnam Municipal Opportunities Trust                        | Putnam Municipal Opportunities Trust                                         | CUSIP: 746922103<br>LEI: 549300M74BR4G95PSL96 | Long             | EC               | RF                | US        |     28577 | NS      | $305773.90    | 0.23%             |  |  |  | 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      | $402319.50    | 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        |     82902 | NS      | $723734.46    | 0.54%             |  |  |  | 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  | -2.79%            | 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  | -2.79%            | 2052-08-01      | Floating      | 3.38%                 | 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        |     24215 | NS      | $224715.20    | 0.17%             |  |  |  | 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      | $475931.04    | 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      | $610320.72    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Ny                                                 | City of New York NY                                                          | CUSIP: 64966QF96<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2490285.30   | 1.85%             | 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      | $991043.20    | 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        |     58173 | NS      | $400811.97    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| New York St Transprtn Dev Corp Spl Fac Revenue              | New York Transportation Development Corp.                                    | CUSIP: 650116GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009318.20   | 1.49%             | 2060-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Edu Facs Fin Corp Tx Hosp Revenue         | New Hope Cultural Education Facilities Finance Corp.                         | CUSIP: 645424BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2173662.80   | 1.62%             | 2049-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Energy Fin Dev Corp                                | New York Energy Finance Development Corp.                                    | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2120726.00   | 1.58%             | 2056-07-01      | Floating      | 5.00%                 | No            |                  2 | 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  | -2.79%            | 2052-05-01      | Floating      | 3.37%                 | Yes           |                  2 | On Loan: No      |
| Clark Cnty Nv Wtr Reclamation Dist                          | Clark County Water Reclamation District                                      | CUSIP: 181070GB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7283549.70   | 5.42%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  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      | $2012520.40   | 1.50%             | 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      | $6785676.79   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mfs Municipal Income Trust                                  | MFS Municipal Income Trust                                                   | CUSIP: 552738106<br>LEI: GV4WN51HRTKYT6CV5890 | Long             | EC               | RF                | US        |     56059 | NS      | $304400.37    | 0.23%             |  |  |  | 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      | $5275326.50   | 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  | -0.89%            | 2032-11-01      | Floating      | 2.25%                 | Yes           |                  2 | 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  | -1.87%            | 2057-12-01      | Floating      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US 10Yr Note Future                                                          | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |      -520 | NC      | $-58467500.00 | -43.49%           |  |  |  | No            |                  1 | On Loan: No      |
| New York St Transprtn Dev Corp Spl Fac Revenue              | New York Transportation Development Corp.                                    | CUSIP: 650116JK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2172300.40   | 1.62%             | 2050-06-30      | Fixed         | 6.00%                 | No            |                  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  | -1.19%            | 2029-05-15      | Floating      | 2.60%                 | Yes           |                  2 | On Loan: No      |
| Illinois St                                                 | State of Illinois                                                            | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8563848.80   | 6.37%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Municipal Fund Inc                                | Neuberger Municipal Fund, Inc.                                               | CUSIP: 64124P101<br>LEI: 549300IIZWX8QVUHXO20 | Long             | EC               | RF                | US        |    116806 | NS      | $1182076.72   | 0.88%             |  |  |  | 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  | -2.79%            | 2044-11-15      | Floating      | 3.35%                 | 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  | -4.48%            | 2039-04-01      | Floating      | 3.35%                 | 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        |    509805 | NS      | $5322364.20   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**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