# EDGAR Filing Document

**Accession Number:** 0001870833
**File Stem:** 0001752724-23-048389
**Filing Date:** 2023-3
**Character Count:** 46031
**Document Hash:** 1b19cc2b6d088358a698df1db29bded8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048389.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048389

**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 II, Inc.
- **CENTRAL INDEX KEY:** 0001870833
- **IRS NUMBER:** 871387140

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23713
- **FILM NUMBER:** 23688136

**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:** 325 N LASALLE ST. SUITE 645

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60654

  - **Telephone number:** 3128321440

**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:** 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:** $147413863.38

**Total Liabilities:** $505222.01

**Net Assets:** $146908641.37

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 2878.96013100 | **5-Year:** 28738.05700200 | **10-Year:** 89852.44672500 | **30-Year:** 11409.01098500

**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 | -6.95%               | 11.04%               | -2.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1606896.37             | $-3318758.58                               |
| Month 2  | $-855952.97              | $15738331.33                               |
| Month 3  | $-1827070.70             | $63910.03                                  |

**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        |  -1015000 | PA      | $-1015000.00  | -0.69%            | 2028-08-15      | Floating      | 3.69%                 | Yes           |                  2 | 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      | $4317489.60   | 2.94%             | 2052-08-15      | Fixed         | 5.25%                 | 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  | -2.72%            | 2030-01-01      | Floating      | 3.73%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Municipal Income Trust                             | BlackRock Municipal Income Trust                                             | CUSIP: 09248F109<br>LEI: R3ITLLW1CUEQICP4XR90 | Long             | EC               | RF                | US        |    218252 | NS      | $2195615.12   | 1.49%             |  |  |  | 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      | $1840306.61   | 1.25%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AZA2<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -4000000 | PA      | $-4000000.00  | -2.72%            | 2051-07-01      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DVM4<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -4000000 | PA      | $-4000000.00  | -2.72%            | 2030-05-15      | Floating      | 3.72%                 | Yes           |                  2 | 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        |    221894 | NS      | $2420863.54   | 1.65%             |  |  |  | No            |                  1 | 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        |  -1600000 | PA      | $-1600000.00  | -1.09%            | 2023-10-22      | Floating      | 3.81%                 | Yes           |                  2 | On Loan: No      |
| Bny Mellon Municipal Bond Infrastructure Fund Inc            | BNY Mellon Municipal Bond Infrastructure Fund, Inc.                          | CUSIP: 09662W109<br>LEI: 5493003OUY2BKGFZ2414 | Long             | EC               | RF                | US        |     64112 | NS      | $673817.12    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Muniholdings Fund Inc                              | BlackRock MuniHoldings Fund, Inc.                                            | CUSIP: 09253N104<br>LEI: MZBVMGS24JR92TGE6Z32 | Long             | EC               | RF                | US        |    249447 | NS      | $3028286.58   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Quality Municipal Income Trust                       | Invesco Quality Municipal Income Trust                                       | CUSIP: 46133G107<br>LEI: WLEGDSEH0E242WVNUY02 | Long             | EC               | RF                | US        |    110685 | NS      | $1042652.70   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Municipal Opportunity Trust                          | Invesco Municipal Opportunity Trust                                          | CUSIP: 46132C107<br>LEI: WERC5RXCUSU16MOTZ848 | Long             | EC               | RF                | US        |    460270 | NS      | $4561275.70   | 3.10%             |  |  |  | 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        |    295075 | NS      | $3169105.50   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Liquidity Funds Municash                           | BlackRock Liquidity Funds MuniCash                                           | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |  10455256 | NS      | $10454210.11  | 7.12%             |  |  |  | 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  | -2.55%            | 2052-05-01      | Floating      | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                       | US Long Bond Future                                                          | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |      -150 | NC      | $-18801562.50 | -12.80%           |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Municipal Credit Income Fund                          | Nuveen Dividend Advantage Municipal Fund 3                                   | CUSIP: 67070X101<br>LEI: 54930078DL3R0VSYW338 | Long             | EC               | RF                | US        |    418464 | NS      | $5055045.12   | 3.44%             |  |  |  | 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        |     45184 | NS      | $464039.68    | 0.32%             |  |  |  | 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        |   1350000 | PA      | $1455318.90   | 0.99%             | 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: 88035AN64<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -7000000 | PA      | $-7000000.00  | -4.76%            | 2034-01-01      | Floating      | 3.81%                 | Yes           |                  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        |    235000 | PA      | $243793.18    | 0.17%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AFX4<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -4000000 | PA      | $-4000000.00  | -2.72%            | 2030-01-01      | Floating      | 3.78%                 | 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   | 3.53%             | 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        |     66061 | NS      | $740543.81    | 0.50%             |  |  |  | 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  | -1.36%            | 2052-12-01      | Floating      | 3.78%                 | Yes           |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035ALD1<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -4800000 | PA      | $-4800000.00  | -3.27%            | 2025-07-01      | Floating      | 3.72%                 | 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      | $5085318.80   | 3.46%             | 2042-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DDD4<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3600000 | PA      | $-3600000.00  | -2.45%            | 2047-08-01      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Invesco Trust For Investment Grade Municipals                | Invesco Trust for Investment Grade Municipals                                | CUSIP: 46131M106<br>LEI: V0VF67S6NRLBDK357F71 | Long             | EC               | RF                | US        |    210266 | NS      | $2113173.30   | 1.44%             |  |  |  | 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        |      8401 | NS      | $83589.95     | 0.06%             |  |  |  | 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      | $5064046.50   | 3.45%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | 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      | $5045177.70   | 3.43%             | 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      | $3463069.34   | 2.36%             | 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  | -1.53%            | 2047-08-01      | Floating      | 3.76%                 | Yes           |                  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        |  -2400000 | PA      | $-2400000.00  | -1.63%            | 2047-05-15      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts St Port Auth                                   | Massachusetts Port Authority                                                 | CUSIP: 575896RR8<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6106002.60   | 4.16%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034YT67<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3000000 | PA      | $-3000000.00  | -2.04%            | 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        |    132211 | NS      | $1533647.60   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AE49<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -3000000 | PA      | $-3000000.00  | -2.04%            | 2052-08-15      | Floating      | 3.76%                 | Yes           |                  2 | On Loan: No      |
| Nuveen Municipal Value Fund Inc                              | Nuveen Municipal Value Fund, Inc.                                            | CUSIP: 670928100<br>LEI: 549300TFLBQ7LJSP8B20 | Long             | EC               | RF                | US        |    934272 | NS      | $8034739.20   | 5.47%             |  |  |  | No            |                  1 | 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        |   3000000 | PA      | $3236103.30   | 2.20%             | 2047-05-15      | 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        |  -6000000 | PA      | $-6000000.00  | -4.08%            | 2039-05-01      | Floating      | 3.18%                 | Yes           |                  2 | On Loan: No      |
| Broward Cnty Fl Sch Dist                                     | School District of Broward County                                            | CUSIP: 115067MC1<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5388594.50   | 3.67%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-cuyahoga Cnty Oh Port Auth                         | Cleveland-Cuyahoga County Port Authority                                     | CUSIP: 186103LR6<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3220522.20   | 2.19%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nuveen Amt-free Quality Municipal Income Fund                | Nuveen AMT-Free Quality Municipal Income Fund                                | CUSIP: 670657105<br>LEI: 549300OTYQOOXS64NI63 | Long             | EC               | RF                | US        |    557579 | NS      | $6339673.23   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| South Carolina St Public Svc Auth Revenue                    | South Carolina Public Service Authority                                      | CUSIP: 837151U49<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2744507.50   | 1.87%             | 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        |   5000000 | PA      | $5513207.00   | 3.75%             | 2052-05-01      | Fixed         | 5.25%                 | 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        |    164479 | NS      | $1723739.92   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035D3Z6<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2400000 | PA      | $-2400000.00  | -1.63%            | 2029-12-01      | Floating      | 3.69%                 | 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        |    117111 | NS      | $1593880.71   | 1.08%             |  |  |  | No            |                  1 | 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  | 7.63%             | 2040-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| S Estrn Pa Transprtn Auth                                    | Southeastern Pennsylvania Transportation Authority                           | CUSIP: 842039FQ7<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3292959.00   | 2.24%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco Ca Bay Area Rapid Transit Dist                 | San Francisco Bay Area Rapid Transit District                                | CUSIP: 797661C86<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7821628.50   | 5.32%             | 2047-08-01      | 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        |   5000000 | PA      | $4510622.50   | 3.07%             | 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        |     63197 | NS      | $767211.58    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Municipal Bond Fund                              | Eaton Vance Municipal Bond Fund                                              | CUSIP: 27827X101<br>LEI: 5493006Q4EBOXVQBQD12 | Long             | EC               | RF                | US        |    140168 | NS      | $1456345.52   | 0.99%             |  |  |  | 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      | $5286082.00   | 3.60%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas St Priv Activity Bond Surface Transprtn Corp Revenue   | Texas Private Activity Bond Surface Transportation Corp.                     | CUSIP: 882667AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1058046.60   | 0.72%             | 2050-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Nv Convention & Visitors Auth Convention Ctr Expan | Las Vegas Convention & Visitors Authority                                    | CUSIP: 51771FAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4850000 | PA      | $4329220.10   | 2.95%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nuveen Intermediate Duration Quality Municipal Term Fund     | Nuveen Intermediate Duration Quality Municipal Term Fund                     | CUSIP: 670677103<br>LEI: 549300K6EBT226YJ7561 | Long             | EC               | RF                | US        |     62457 | NS      | $780087.93    | 0.53%             |  |  |  | No            |                  1 | 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      | $5501023.50   | 3.74%             | 2052-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pefa Inc Ia Gas Proj Revenue                                 | PEFA, Inc.                                                                   | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2560496.75   | 1.74%             | 2049-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts St Dev Fin Agy Revenue                         | Massachusetts Development Finance Agency                                     | CUSIP: 57583UA81<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014160.00   | 1.37%             | 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        |    365616 | NS      | $4047369.12   | 2.76%             |  |  |  | No            |                  1 | 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  | -2.04%            | 2048-07-01      | Floating      | 3.84%                 | 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  | -2.31%            | 2029-07-15      | Floating      | 3.72%                 | Yes           |                  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        |    109208 | NS      | $2325038.32   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO ILL                                                  | City of Chicago IL, General Obligation Unlimited Bonds                       | CUSIP: 167486M30<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10544778.00  | 7.18%             | 2034-01-01      | Fixed         | 5.00%                 | 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  | -5.45%            | 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        |    110792 | NS      | $1144481.36   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs Various States      | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035AC25<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -5600000 | PA      | $-5600000.00  | -3.81%            | 2047-08-01      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| WESTERN ASSET INTER MUNI FD INC                              | Western Asset Intermediate Municipal Fund                                    | CUSIP: 958435109<br>LEI: 5493000MG5MROBD48K57 | Long             | EC               | RF                | US        |     48526 | NS      | $368312.34    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Broward Cnty Fl Convention Ctr Hotel Revenue                 | County of Broward FL Convention Center Hotel Revenue                         | CUSIP: 115012AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5548096.00   | 3.78%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y                              | Triborough Bridge D-2 and Tunnel Authority General Revenue Bonds             | CUSIP: 89602HEQ6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5674058.50   | 3.86%             | 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  | -0.87%            | 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        |    161689 | NS      | $1366272.05   | 0.93%             |  |  |  | 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  | -2.55%            | 2052-05-15      | Floating      | 3.16%                 | 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        |  -4000000 | PA      | $-4000000.00  | -2.72%            | 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        |    235000 | PA      | $244352.81    | 0.17%             | 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        |     73453 | NS      | $833691.55    | 0.57%             |  |  |  | No            |                  1 | 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        |    705000 | PA      | $707103.93    | 0.48%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | 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        |     55168 | NS      | $438585.60    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Municipal High Income Advantage Fund Inc             | Pioneer Municipal High Income Advantage Fund, Inc.                           | CUSIP: 723762100<br>LEI: UE8ZNXHQH48NNA19I459 | Long             | EC               | RF                | US        |     26621 | NS      | $215630.10    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Intermediate Duration Municipal Term Fund             | Nuveen Intermediate Duration Municipal Term Fund                             | CUSIP: 670671106<br>LEI: 5493001W3VSD7ZLC7O52 | Long             | EC               | RF                | US        |    113291 | NS      | $1486377.92   | 1.01%             |  |  |  | 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        |      7451 | NS      | $94553.19     | 0.06%             |  |  |  | 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        |      -700 | NC      | $-78607812.50 | -53.51%           |  |  |  | No            |                  1 | 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      | $1990913.20   | 1.36%             | 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        |    242893 | NS      | $2528516.13   | 1.72%             |  |  |  | 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      | $5387624.50   | 3.67%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nuveen Quality Municipal Income Fund                         | Nuveen Quality Municipal Income Fund                                         | CUSIP: 67066V101<br>LEI: 549300RDIO25ZNWCOA97 | Long             | EC               | RF                | US        |    591645 | NS      | $6981411.00   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Municipal Income Fund Inc                          | BlackRock Municipal Income Fund, Inc.                                        | CUSIP: 09253X102<br>LEI: W7IEW9KTXVCYG8ZQQV11 | Long             | EC               | RF                | US        |    199379 | NS      | $2258964.07   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tender Option Bond Trust Receipts / Ctfs                     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DNS0<br>LEI: N/A                  | Short            | DBT              | MUN               | US        |  -2520000 | PA      | $-2520000.00  | -1.72%            | 2057-12-01      | Floating      | 3.70%                 | Yes           |                  2 | On Loan: No      |
| San Francisco Calif City &cnty Arpts Commn Intl Arpt Rev     | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DGF0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1465829.22   | 1.00%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois St                                                  | State of Illinois                                                            | CUSIP: N/A<br>LEI: 54930048FV8RWPR02D67       | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8261619.20   | 5.62%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nuveen Select Maturities Municipal Fund                      | Nuveen Select Maturities Municipal Fund                                      | CUSIP: 67061T101<br>LEI: 5493004ODX60CHWL4U41 | Long             | EC               | RF                | US        |     12771 | NS      | $115705.26    | 0.08%             |  |  |  | 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        |   1855000 | PA      | $2026810.84   | 1.38%             | 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        |       516 | NS      | $3292.08      | 0.00%             |  |  |  | No            |                  1 | 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        |  -1085000 | PA      | $-1085000.00  | -0.74%            | 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        |    711820 | NS      | $7168027.40   | 4.88%             |  |  |  | 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        |  -1480000 | PA      | $-1480000.00  | -1.01%            | 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 II Inc.

**Signature:** Jonathan M. Mohrhardt

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

**Title:** Treasurer & Chief Financial Officer