# EDGAR Filing Document

**Accession Number:** 0001771226
**File Stem:** 0001752724-23-048388
**Filing Date:** 2023-3
**Character Count:** 54918
**Document Hash:** 5782275091983410afe76b3ff5068328
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048388.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048388

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RiverNorth Managed Duration Municipal Income Fund, Inc.
- **CENTRAL INDEX KEY:** 0001771226
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0120

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23434
- **FILM NUMBER:** 23688135

**BUSINESS ADDRESS:**
- **STREET 1:** 360 S. ROSEMARY AVE
- **STREET 2:** SUITE 1420
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401
- **BUSINESS PHONE:** 312-445-2251

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RiverNorth Opportunistic Municipal Income Fund II
- **DATE OF NAME CHANGE:** 20190319

## 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 Inc.

- **b. Investment Company Act file number:** 811-23434

- **c. CIK number of Registrant:** 0001771226

- **d. LEI of Registrant:** 549300Y5L3V48O754353

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

  - **Street Address 1:** 325 N LASALLE ST. SUITE 645

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60654

  - **Telephone number:** 3124452251

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

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

- **c. LEI of Series:** 549300Y5L3V48O754353

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $370446990.02

**Total Liabilities:** $49408157.96

**Net Assets:** $321038832.06

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 8761.66635100 | **5-Year:** 67310.91545200 | **10-Year:** 153042.29586300 | **30-Year:** 97138.57557000

**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 | -6.28%               | 14.79%               | -6.69%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4989758.04             | $-7599531.34                               |
| Month 2  | $-3491975.81             | $41334059.49                               |
| Month 3  | $-2943530.29             | $-3376568.40                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** N/A

### 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        |  -4125000 | PA      | $-4125000.00   | -1.28%            | 2028-08-15      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Munivest Fund Inc                                  | BlackRock MuniVest Fund, Inc.                                                | CUSIP: 09253R105<br>LEI: 68LQJ5NLUNQI2T9OLL41 | Long             | EC               | RF                | US        |    802346 | NS      | $5624445.46    | 1.75%             |  |  |  | No            |                  1 | 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        |  -3200000 | PA      | $-3200000.00   | -1.00%            | 2030-01-01      | Floating      | 3.73%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts St Eductnl Fing Auth                           | Massachusetts Educational Financing Authority                                | CUSIP: 57563RPF0<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9112162.00    | 2.84%             | 2046-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Texas St Priv Activity Bond Surface Transprtn Corp Revenue   | Texas Private Activity Bond Surface Transportation Corp.                     | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $15334292.80   | 4.78%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blackrock Municipal Income Trust                             | BlackRock Municipal Income Trust                                             | CUSIP: 09248F109<br>LEI: R3ITLLW1CUEQICP4XR90 | Long             | EC               | RF                | US        |    197055 | NS      | $1982373.30    | 0.62%             |  |  |  | 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        |   6800000 | PA      | $7361226.44    | 2.29%             | 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        |  -6000000 | PA      | $-6000000.00   | -1.87%            | 2051-07-01      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Chicago Il                                                   | City of Chicago IL                                                           | CUSIP: 167486ZX0<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2086697.40    | 0.65%             | 2034-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Joliet Il                                                    | City of Joliet IL                                                            | CUSIP: 479754NR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5611559.00    | 1.75%             | 2044-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AB75<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -4000000 | PA      | $-4000000.00   | -1.25%            | 2023-10-22      | Floating      | 3.81%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Muniholdings Fund Inc                              | BlackRock MuniHoldings Fund, Inc.                                            | CUSIP: 09253N104<br>LEI: MZBVMGS24JR92TGE6Z32 | Long             | EC               | RF                | US        |    204896 | NS      | $2487437.44    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034RG74<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -9265000 | PA      | $-9265000.00   | -2.89%            | 2027-06-01      | Floating      | 3.78%                 | Yes           |                  2 | On Loan: No      |
| Invesco Quality Municipal Income Trust                       | Invesco Quality Municipal Income Trust                                       | CUSIP: 46133G107<br>LEI: WLEGDSEH0E242WVNUY02 | Long             | EC               | RF                | US        |   1022269 | NS      | $9629773.98    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Municipal Opportunity Trust                          | Invesco Municipal Opportunity Trust                                          | CUSIP: 46132C107<br>LEI: WERC5RXCUSU16MOTZ848 | Long             | EC               | RF                | US        |     77774 | NS      | $770740.34     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennsylvania St Turnpike Commission Turnpike Revenue         | Pennsylvania Turnpike Commission                                             | CUSIP: 709224P60<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  15445000 | PA      | $14483357.23   | 4.51%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034WQC1<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2800000 | PA      | $-2800000.00   | -0.87%            | 2026-07-01      | Floating      | 3.70%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034RM69<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -6665000 | PA      | $-6665000.00   | -2.08%            | 2025-01-01      | Floating      | 3.73%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034WMF8<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3600000 | PA      | $-3600000.00   | -1.12%            | 2036-12-01      | Floating      | 3.74%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Liquidity Funds Municash                           | BlackRock Liquidity Funds MuniCash                                           | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |  54846097 | NS      | $54840612.85   | 17.08%            |  |  |  | No            |                  1 | 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   | -1.17%            | 2052-05-01      | Floating      | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Nuveen Municipal Credit Income Fund                          | Nuveen Dividend Advantage Municipal Fund 3                                   | CUSIP: 67070X101<br>LEI: 54930078DL3R0VSYW338 | Long             | EC               | RF                | US        |   1140352 | NS      | $13775452.16   | 4.29%             |  |  |  | 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        |     58502 | NS      | $600815.54     | 0.19%             |  |  |  | No            |                  1 | 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        |   5500000 | PA      | $5929077.00    | 1.85%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034RK46<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -8350000 | PA      | $-8350000.00   | -2.60%            | 2057-08-01      | Floating      | 3.81%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania St Univ                                         | Pennsylvania State University                                                | CUSIP: 709235B61<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |  11250000 | PA      | $11961613.13   | 3.73%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Spl Purpose Securitiztn Corp                   | Matching Fund Special Purpose Securitization Corp.                           | CUSIP: 57665NAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    630000 | PA      | $653573.21     | 0.20%             | 2032-10-01      | Fixed         | 5.00%                 | 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        |    292760 | NS      | $1692152.80    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DQG3<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -8000000 | PA      | $-8000000.00   | -2.49%            | 2045-08-15      | Floating      | 3.16%                 | Yes           |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORP                            | Tennessee Energy Acquisition Corporation Gas Revenue Bonds                   | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5178555.50    | 1.61%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CALIF MUN UTIL DIST                               | Sacramento Municipal Utility District                                        | CUSIP: 786005C89<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11733616.80   | 3.65%             | 2045-08-15      | Fixed         | 4.00%                 | 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        |   1108742 | NS      | $12428997.82   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| S Estrn Pa Transprtn Auth                                    | Southeastern Pennsylvania Transportation Authority                           | CUSIP: 842039FP9<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3534576.05    | 1.10%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035ARV5<br>LEI: N/A                  | Short            | DBT              | MUN               | US        | -10840000 | PA      | $-10840000.00  | -3.38%            | 2028-12-01      | Floating      | 3.69%                 | Yes           |                  2 | 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        |  -5200000 | PA      | $-5200000.00   | -1.62%            | 2052-12-01      | Floating      | 3.78%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue            | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                      | CUSIP: 74529JRL1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |   9032000 | PA      | $7858654.69    | 2.45%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034RL94<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -9600000 | PA      | $-9600000.00   | -2.99%            | 2058-06-30      | Floating      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Munivest Fund Ii Inc                               | BlackRock MuniVest Fund II, Inc.                                             | CUSIP: 09253T101<br>LEI: TC1SINW7C50S8NN8GU32 | Long             | EC               | RF                | US        |     68014 | NS      | $710746.30     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Municipal Trust                                      | Invesco Municipal Trust                                                      | CUSIP: 46131J103<br>LEI: GKS5Y4B1VKHV66WSPK53 | Long             | EC               | RF                | US        |     28217 | NS      | $279348.30     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| San Antonio Tx Elec & Gas Revenue                            | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GDV2<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4285057.20    | 1.33%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Tx Area Rapid Transit Sales Tax Revenue               | Dallas Area Rapid Transit                                                    | CUSIP: 235241WQ5<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |  13555000 | PA      | $14499756.39   | 4.52%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035D3X1<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2545000 | PA      | $-2545000.00   | -0.79%            | 2029-12-01      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Muniholdings Quality Fund Ii Inc                   | BlackRock MuniHoldings Quality Fund II, Inc.                                 | CUSIP: 09254C107<br>LEI: V04K6JK5YHD4O5SHSC34 | Long             | EC               | RF                | US        |     80433 | NS      | $800308.35     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bourbonnais Il                                               | Village of Bourbonnais IL                                                    | CUSIP: 102014EW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1445994.76    | 0.45%             | 2046-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035ATY7<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -6400000 | PA      | $-6400000.00   | -1.99%            | 2047-05-15      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034YT67<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -5400000 | PA      | $-5400000.00   | -1.68%            | 2047-09-01      | Floating      | 3.71%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Muniyield Quality Fund Inc                         | BlackRock MuniYield Quality Fund, Inc.                                       | CUSIP: 09254F100<br>LEI: TFKEE3VA3GBE5LOK5U77 | Long             | EC               | RF                | US        |    349309 | NS      | $4051984.40    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Il O'hare International Arpt Revenue                 | Chicago O'Hare International Airport                                         | CUSIP: 167593X56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10482245.00   | 3.27%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nuveen Taxable Municipal Income Fund                         | Nuveen Build America Bond Fund                                               | CUSIP: 67074C103<br>LEI: CGX4I2YMRMYU5022FW76 | Long             | EC               | RF                | US        |     25338 | NS      | $404394.48     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Municipal Value Fund Inc                              | Nuveen Municipal Value Fund, Inc.                                            | CUSIP: 670928100<br>LEI: 549300TFLBQ7LJSP8B20 | Long             | EC               | RF                | US        |    941720 | NS      | $8098792.00    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DQA6<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -6420000 | PA      | $-6420000.00   | -2.00%            | 2027-10-15      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Univ Of California Ca Rgts Med Center Pooled Revenue         | Regents of the University of California Medical Center Pooled Revenue        | CUSIP: 913366KS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8629608.80    | 2.69%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Cmwlth Aqueduct & Swr Auth Revenue               | Puerto Rico Commonwealth Aqueduct & Sewer Authority                          | CUSIP: 745160UE9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2500000 | PA      | $2011273.00    | 0.63%             | 2042-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Blackrock California Municipal Income Trust                  | BlackRock California Municipal Income Trust                                  | CUSIP: 09248E102<br>LEI: LE6236HQD6DXEGUHE217 | Long             | EC               | RF                | US        |     76798 | NS      | $831722.34     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Macon Cnty Il Sch Dist #61                                   | Macon County School District No 61 Decatur                                   | CUSIP: 555597GZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6041808.00    | 1.88%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Ca Dept Of Arpts Arpt Revenue                    | City of Los Angeles Department of Airports                                   | CUSIP: 544445CC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15165660.00   | 4.72%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward Cnty Fl Sch Dist                                     | School District of Broward County                                            | CUSIP: 115067MC1<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8082891.75    | 2.52%             | 2051-07-01      | Fixed         | 5.00%                 | 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        |   2026978 | NS      | $23046739.86   | 7.18%             |  |  |  | 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        |   6500000 | PA      | $7135719.50    | 2.22%             | 2052-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Holly Mi Area Sch Dist                                       | Holly Area School District                                                   | CUSIP: 435866TX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11026414.00   | 3.43%             | 2052-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp Il                             | Sales Tax Securitization Corp.                                               | CUSIP: 79467BEL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2708781.00    | 0.84%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                  | ILLINOIS ST IL 5 11/01/2029                                                  | CUSIP: N/A<br>LEI: 54930048FV8RWPR02D67       | Long             | DBT              | MUN               | US        |  18000000 | PA      | $18448084.80   | 5.75%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: N/A<br>LEI: N/A                        | Short            | DBT              | MUN               | US        | -13500000 | PA      | $-13500000.00  | -4.21%            | 2029-11-01      | Floating      | 3.18%                 | 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        |     23711 | NS      | $322706.71     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey St Transprtn Trust Fund Auth                      | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461367M7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5061690.50    | 1.58%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Belding Mi Area Schs                                         | Belding Area Schools                                                         | CUSIP: 077527NE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2192504.00    | 0.68%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington St Convention Center Public Facs Dist             | Washington State Convention Center Public Facilities District                | CUSIP: 93976AEL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4025000 | PA      | $3211225.90    | 1.00%             | 2058-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                 | New York New York A-1 Revenue Bonds                                          | CUSIP: 64966QF96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11209286.00   | 3.49%             | 2040-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Broward Cnty Fl Tourist Dev Tax Revenue                      | County of Broward FL Tourist Development Tax Revenue                         | CUSIP: 115085AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8119120.50    | 2.53%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nuveen Amt-free Municipal Credit Income Fund                 | Nuveen Dividend Advantage Municipal Income Fund                              | CUSIP: 67071L106<br>LEI: 549300LBMO1C0IG71T03 | Long             | EC               | RF                | US        |    334772 | NS      | $4064132.08    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Municipal Bond Fund                              | Eaton Vance Municipal Bond Fund                                              | CUSIP: 27827X101<br>LEI: 5493006Q4EBOXVQBQD12 | Long             | EC               | RF                | US        |     63244 | NS      | $657105.16     | 0.20%             |  |  |  | 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        |   4000000 | PA      | $4228865.60    | 1.32%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Eaton Vance Municipal Income Trust                           | Eaton Vance Municipal Income Trust                                           | CUSIP: 27826U108<br>LEI: 549300DINBO2K1M6KL63 | Long             | EC               | RF                | US        |    131204 | NS      | $1294983.48    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Connecticut St                                               | State of Connecticut                                                         | CUSIP: 20772KRY7<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   8565000 | PA      | $8492571.79    | 2.65%             | 2038-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Nv Convention & Visitors Auth Convention Ctr Expan | Las Vegas Convention & Visitors Authority                                    | CUSIP: 51771FAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3646847.40    | 1.14%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pefa Inc Ia Gas Proj Revenue                                 | PEFA, Inc.                                                                   | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8193589.60    | 2.55%             | 2049-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Il Park Dist                                         | Chicago Park District                                                        | CUSIP: 167615Z55<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   8830000 | PA      | $6704945.71    | 2.09%             | 2035-01-01      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Stetson University Inc                                       | Stetson University, Inc.                                                     | CUSIP: 85984XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1778928.23    | 0.55%             | 2059-12-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Massachusetts St Dev Fin Agy Revenue                         | Massachusetts Development Finance Agency                                     | CUSIP: 57583UA81<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5035400.00    | 1.57%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen California Quality Municipal Income Fund              | Nuveen California Quality Municipal Income Fund                              | CUSIP: 67066Y105<br>LEI: 549300ZT6V9X5U9BHR46 | Long             | EC               | RF                | US        |    435573 | NS      | $4821793.11    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Pennsylvania Quality Municipal Income Fund            | Nuveen Pennsylvania Quality Municipal Income Fund                            | CUSIP: 670972108<br>LEI: 5493000C1CS4Q000GF67 | Long             | EC               | RF                | US        |     54204 | NS      | $603290.52     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas St Transprtn Commission St Highway 249 Sys Toll Rev    | Texas Transportation Commission                                              | CUSIP: 88283NAZ5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |  12850000 | PA      | $12736129.73   | 3.97%             | 2057-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blackrock Municipal 2030 Target Term Trust                   | BlackRock Municipal 2030 Target Term Trust                                   | CUSIP: 09257P105<br>LEI: 549300TDIJ2J8F6X3N04 | Long             | EC               | RF                | US        |    323961 | NS      | $6897129.69    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweetwater Ca Union High Sch Dist                            | Sweetwater Union High School District                                        | CUSIP: 870462SF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22000000 | PA      | $21636368.60   | 6.74%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DNU5<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -8000000 | PA      | $-8000000.00   | -2.49%            | 2040-09-01      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Municipal Income Trust Ii                          | BlackRock Municipal Income Trust II                                          | CUSIP: 09249N101<br>LEI: 17UVWS2OK706BUPLKK60 | Long             | EC               | RF                | US        |    503745 | NS      | $5203685.85    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035A2R1<br>LEI: N/A                  | Short            | DBT              | MUN               | US        | -14660000 | PA      | $-14660000.00  | -4.57%            | 2038-02-01      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Triborough Ny Bridge & Tunnel Auth Revenues                  | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602RDV4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  11250000 | PA      | $11805469.88   | 3.68%             | 2043-11-15      | Fixed         | 5.00%                 | 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        |  -5100000 | PA      | $-5100000.00   | -1.59%            | 2030-03-15      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Nuveen California Municipal Va                               | Nuveen California Municipal Value Fund                                       | CUSIP: 67062C107<br>LEI: 549300TMONWV3LX8YU60 | Long             | EC               | RF                | US        |    180677 | NS      | $1526720.65    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034U6B9<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -9000000 | PA      | $-9000000.00   | -2.80%            | 2026-05-15      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Cmwlth                                           | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   2000000 | PA      | $1687934.00    | 0.53%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  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        |  -8000000 | PA      | $-8000000.00   | -2.49%            | 2052-08-01      | Floating      | 3.20%                 | Yes           |                  2 | On Loan: No      |
| Matching Fund Spl Purpose Securitiztn Corp                   | Matching Fund Special Purpose Securitization Corp.                           | CUSIP: 57665NAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    630000 | PA      | $655073.50     | 0.20%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blackrock Municipal Income Quality Trust                     | BlackRock Municipal Income Quality Trust                                     | CUSIP: 092479104<br>LEI: ZQ1Z8W71OQGQTC6ZJ410 | Long             | EC               | RF                | US        |    130851 | NS      | $1485158.85    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034XXV9<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3750000 | PA      | $-3750000.00   | -1.17%            | 2028-12-15      | Floating      | 3.83%                 | Yes           |                  2 | On Loan: No      |
| Matching Fund Spl Purpose Securitiztn Corp                   | Matching Fund Special Purpose Securitization Corp.                           | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   1885000 | PA      | $1890625.41    | 0.59%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Il                                                   | City of Chicago IL                                                           | CUSIP: 167486WN5<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1851973.18    | 0.58%             | 2033-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DRS6<br>LEI: N/A                  | Short            | DBT              | MUN               | US        | -12000000 | PA      | $-12000000.00  | -3.74%            | 2025-05-15      | Floating      | 3.72%                 | Yes           |                  2 | 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        |    398240 | NS      | $3225744.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Ohio Quality Municipal Income Fund                    | Nuveen Ohio Quality Municipal Income Fund                                    | CUSIP: 670980101<br>LEI: 549300YQTF12CXCN9E54 | Long             | EC               | RF                | US        |    125473 | NS      | $1592252.37    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Municipal High Income Fund Trust                     | Pioneer Municipal High Income Fund Trust                                     | CUSIP: 723763108<br>LEI: 1SKUXW31ZFWF61CETQ82 | Long             | EC               | RF                | US        |     75498 | NS      | $647772.84     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                       | US 10 Yr Note Future                                                         | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |     -2400 | NC      | $-269512500.00 | -83.95%           |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Muniyield Fund Inc                                 | BlackRock MuniYield Fund, Inc.                                               | CUSIP: 09253W104<br>LEI: AVXF9RZVI4EDWXACOH81 | Long             | EC               | RF                | US        |      7712 | NS      | $80281.92      | 0.03%             |  |  |  | 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        |  10000000 | PA      | $10775249.00   | 3.36%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Eaton Vance New York Municipal Bond Fund                     | Eaton Vance New York Municipal Bond Fund                                     | CUSIP: 27827Y109<br>LEI: 5493003LD9U89XVQ7W91 | Long             | EC               | RF                | US        |    176825 | NS      | $1593193.25    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Met Transprtn Auth Ny Revenue                                | Metropolitan Transportation Authority                                        | CUSIP: 59261AD38<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6449850.40    | 2.01%             | 2044-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nuveen Quality Municipal Income Fund                         | Nuveen Quality Municipal Income Fund                                         | CUSIP: 67066V101<br>LEI: 549300RDIO25ZNWCOA97 | Long             | EC               | RF                | US        |   1460355 | NS      | $17232189.00   | 5.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Municipal Income Fund Inc                          | BlackRock Municipal Income Fund, Inc.                                        | CUSIP: 09253X102<br>LEI: W7IEW9KTXVCYG8ZQQV11 | Long             | EC               | RF                | US        |    396256 | NS      | $4489580.48    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| San Francisco Calif City &cnty Arpts Commn Intl Arpt Rev     | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DGF0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3538208.45    | 1.10%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Asset Municipal Partners Fund Inc                    | Western Asset Municipal Partners Fund, Inc.                                  | CUSIP: 95766P108<br>LEI: 5493001Z97VQ69W5OH84 | Long             | EC               | RF                | US        |     27898 | NS      | $324732.72     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Puerto Rico Cmwlth Aqueduct &swr Auth Revenue                | Puerto Rico Commonwealth Aqueduct & Sewer Authority                          | CUSIP: 745160TH4<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2465000 | PA      | $1983115.18    | 0.62%             | 2042-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Invesco Value Municipal Income Trust                         | Invesco Value Municipal Income Trust                                         | CUSIP: 46132P108<br>LEI: X075VJ33QQP2G2NTOV20 | Long             | EC               | RF                | US        |    133954 | NS      | $1614145.70    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Select Maturities Municipal Fund                      | Nuveen Select Maturities Municipal Fund                                      | CUSIP: 67061T101<br>LEI: 5493004ODX60CHWL4U41 | Long             | EC               | RF                | US        |     25809 | NS      | $233829.54     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intermountain Pwr Agy Ut Pwr Sply Revenue                    | Intermountain Power Agency                                                   | CUSIP: 45884AB85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7635000 | PA      | $8342156.75    | 2.60%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Asset Municipal High Income Fund Inc                 | Western Asset Municipal High Income Fund, Inc.                               | CUSIP: 95766N103<br>LEI: 549300V8S0EC6SV7H926 | Long             | EC               | RF                | US        |    125838 | NS      | $802846.44     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034U5Z7<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -9000000 | PA      | $-9000000.00   | -2.80%            | 2026-09-01      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DSM8<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -8000000 | PA      | $-8000000.00   | -2.49%            | 2030-01-01      | Floating      | 3.93%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035APQ8<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2625000 | PA      | $-2625000.00   | -0.82%            | 2046-05-01      | Floating      | 3.21%                 | 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        |    329673 | NS      | $3319807.11    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035ATR2<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -6105000 | PA      | $-6105000.00   | -1.90%            | 2043-07-01      | Floating      | 3.19%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

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

**Signature:** Jonathan M. Mohrhardt

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

**Title:** Treasurer & Chief Financial Officer