# EDGAR Filing Document

**Accession Number:** 0001847517
**File Stem:** 0001410368-26-019264
**Filing Date:** 2026-2
**Character Count:** 26435
**Document Hash:** d3610e5d8d8df0803d408c8d3ad248c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-019264.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001410368-26-019264

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tax Free Fund II for Puerto Rico Residents, Inc.
- **CENTRAL INDEX KEY:** 0001847517

**ORGANIZATION NAME:**
- **EIN:** 660606444
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23671
- **FILM NUMBER:** 26686792

**BUSINESS ADDRESS:**
- **STREET 1:** 250 MUNOZ RIVERA
- **STREET 2:** TENTH FLOOR
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918
- **BUSINESS PHONE:** 787-250-3600

**MAIL ADDRESS:**
- **STREET 1:** 250 MUNOZ RIVERA
- **STREET 2:** TENTH FLOOR
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tax Free Puerto Rico Fund II, Inc.
- **DATE OF NAME CHANGE:** 20210223

## Nport-Ex

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **TAX FREE FUND II FOR PUERTO RICO RESIDENTS, INC.** | |
| &nbsp;&nbsp;&nbsp; **SCHEDULE OF INVESTMENTS** | **December 31, 2025 (Unaudited)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face Amount** | **Issuer** | **Coupon** | **Maturity<br>Date** | **Value** |
| **Puerto Rico Agencies Bonds and Notes - 48.43% of net assets applicable to common shareholders, total cost of $19,652,356** | **Puerto Rico Agencies Bonds and Notes - 48.43% of net assets applicable to common shareholders, total cost of $19,652,356** | **Puerto Rico Agencies Bonds and Notes - 48.43% of net assets applicable to common shareholders, total cost of $19,652,356** | **Puerto Rico Agencies Bonds and Notes - 48.43% of net assets applicable to common shareholders, total cost of $19,652,356** | **Puerto Rico Agencies Bonds and Notes - 48.43% of net assets applicable to common shareholders, total cost of $19,652,356** |
| 70000<br> A | Puerto Rico Electric Power Authority | 5.00% | 07/01/19 | $46725 |
| 120000<br> A | Puerto Rico Electric Power Authority | 5.25% | 07/01/18 | 80100 |
| 45000<br> A | Puerto Rico Electric Power Authority | 5.00% | 07/01/18 | 30038 |
| 752000 | Puerto Rico Sales Tax | 4.50% | 07/01/34 | 752013 |
| 381000 | Puerto Rico Sales Tax | 4.55% | 07/01/40 | 381141 |
| 2793000 | Puerto Rico Sales Tax | 4.75% | 07/01/53 | 2632581 |
| 8520000 | Puerto Rico Sales Tax | 5.00% | 07/01/58 | 8202673 |
| 3864000 | Puerto Rico Sales Tax | 4.33% | 07/01/40 | 3780472 |
| 115000 | Puerto Rico Sales Tax | 4.54% | 07/01/53 | 104167 |
| 3159000 | Puerto Rico Sales Tax | 4.78% | 07/01/58 | 2949343 |
| 19819000 |  |  |  | $18959253 |
| **Puerto Rico Agencies Zero Coupons Bonds - 8.80% of net assets applicable to common shareholders, total cost of $3,406,026** | **Puerto Rico Agencies Zero Coupons Bonds - 8.80% of net assets applicable to common shareholders, total cost of $3,406,026** | **Puerto Rico Agencies Zero Coupons Bonds - 8.80% of net assets applicable to common shareholders, total cost of $3,406,026** | **Puerto Rico Agencies Zero Coupons Bonds - 8.80% of net assets applicable to common shareholders, total cost of $3,406,026** | **Puerto Rico Agencies Zero Coupons Bonds - 8.80% of net assets applicable to common shareholders, total cost of $3,406,026** |
| 4509000<br> G | Puerto Rico Sales Tax | 0.00% | 07/01/46 | $1506096 |
| 7759000<br> G | Puerto Rico Sales Tax | 0.00% | 07/01/51 | 1941022 |
| 12268000 |  |  |  | $3447119 |
| **AFICA Bonds Exempt - 0.96% of net assets applicable to common shareholders, total cost of $1,005,000** | **AFICA Bonds Exempt - 0.96% of net assets applicable to common shareholders, total cost of $1,005,000** | **AFICA Bonds Exempt - 0.96% of net assets applicable to common shareholders, total cost of $1,005,000** | **AFICA Bonds Exempt - 0.96% of net assets applicable to common shareholders, total cost of $1,005,000** | **AFICA Bonds Exempt - 0.96% of net assets applicable to common shareholders, total cost of $1,005,000** |
| 20000<br> H | Palmas del Mar Country Club Project | 7.00% | 12/20/18 | $7492 |
| 985000<br> H | Palmas del Mar Country Club Project | 7.25% | 12/20/30 | 368981 |
| 1005000 |  |  |  | $376473 |
| **Principal**<br> **Outstanding** <br> **Amount** |  |  |  |  |
| **Mortgage-Backed Securities- 2.06% of net assets applicable to common shareholders, total cost of $1,028,863** | **Mortgage-Backed Securities- 2.06% of net assets applicable to common shareholders, total cost of $1,028,863** | **Mortgage-Backed Securities- 2.06% of net assets applicable to common shareholders, total cost of $1,028,863** | **Mortgage-Backed Securities- 2.06% of net assets applicable to common shareholders, total cost of $1,028,863** | **Mortgage-Backed Securities- 2.06% of net assets applicable to common shareholders, total cost of $1,028,863** |
| 1028863<br> B D | Doral Financial Participation Certificate 2002 Series A | 7.15% | 01/01/29 | $806629 |
| **Face Amount** |  |  |  |  |
| **US Government, Agency and Instrumentalities - 48.00% of net assets applicable to common shareholders, total cost of $18,764,822** | **US Government, Agency and Instrumentalities - 48.00% of net assets applicable to common shareholders, total cost of $18,764,822** | **US Government, Agency and Instrumentalities - 48.00% of net assets applicable to common shareholders, total cost of $18,764,822** | **US Government, Agency and Instrumentalities - 48.00% of net assets applicable to common shareholders, total cost of $18,764,822** | **US Government, Agency and Instrumentalities - 48.00% of net assets applicable to common shareholders, total cost of $18,764,822** |
| 3000000<br> C | Federal Farm Credit | 4.85% | 04/28/42 | $2973414 |
| 2000000<br> C | Federal Farm Credit | 5.48% | 06/27/42 | 1972532 |
| 1500000 | Federal Home Loan Bank | 5.75% | 11/07/44 | 1500908 |
| 3000000<br> C | Federal Home Loan Bank | 5.88% | 10/21/44 | 3001320 |
| 3500000 | Federal Home Loan Bank | 5.87% | 04/10/45 | 3511970 |
| 2000000<br> C | Federal Home Loan Bank | 5.11% | 08/15/42 | 1979292 |
| 2100000 | Federal Home Loan Bank | 5.20% | 09/28/37 | 2098864 |
| 1600000<br> C | Federal Home Loan Bank | 5.50% | 07/15/36 | 1750835 |
| 18700000 |  |  |  | $18789135 |
| **US Municipals - 14.07% of net assets applicable to common shareholders, total cost of $5,338,673** | **US Municipals - 14.07% of net assets applicable to common shareholders, total cost of $5,338,673** | **US Municipals - 14.07% of net assets applicable to common shareholders, total cost of $5,338,673** | **US Municipals - 14.07% of net assets applicable to common shareholders, total cost of $5,338,673** | **US Municipals - 14.07% of net assets applicable to common shareholders, total cost of $5,338,673** |
| 1745000 | State of Illinois General Obligations | 7.10% | 07/01/35 | $1881281 |
| 993673<br> F | Dormitory Authority of the State of New York | 5.29% | 03/15/33 | 1005155 |
| 2600000<br> F | Dormitory Authority of the State of New York | 5.39% | 03/15/40 | 2620753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5338673 |  |  |  | $5507189 |
| **Total investments (122.32% of net assets applicable to common shareholders)** | **Total investments (122.32% of net assets applicable to common shareholders)** | **Total investments (122.32% of net assets applicable to common shareholders)** | **Total investments (122.32% of net assets applicable to common shareholders)** | $47885797 |
| **Other Assets and Liabilities, net (-22.32% of net assets applicable to common shareholders)** | **Other Assets and Liabilities, net (-22.32% of net assets applicable to common shareholders)** | **Other Assets and Liabilities, net (-22.32% of net assets applicable to common shareholders)** | **Other Assets and Liabilities, net (-22.32% of net assets applicable to common shareholders)** | (8738695) |
| **Net assets applicable to common shareholders - 100%** | **Net assets applicable to common shareholders - 100%** | **Net assets applicable to common shareholders - 100%** | **Net assets applicable to common shareholders - 100%** | $39147102 |
| **Securities sold under reverse repurchase agreements - 24.52% of net assets applicable to common shareholders** | **Securities sold under reverse repurchase agreements - 24.52% of net assets applicable to common shareholders** | **Securities sold under reverse repurchase agreements - 24.52% of net assets applicable to common shareholders** | **Securities sold under reverse repurchase agreements - 24.52% of net assets applicable to common shareholders** | **Securities sold under reverse repurchase agreements - 24.52% of net assets applicable to common shareholders** |
| 9600000 | Reverse Repurchase Agreements with Santander US Capital Markets | Reverse Repurchase Agreements with Santander US Capital Markets | Reverse Repurchase Agreements with Santander US Capital Markets | $9600000 |
|  | 4.05% dated December 16, 2025, due January 13, 2026 (Collateralized by a US Government, | 4.05% dated December 16, 2025, due January 13, 2026 (Collateralized by a US Government, | 4.05% dated December 16, 2025, due January 13, 2026 (Collateralized by a US Government, |  |
|  | Agency and Instrumentalities with a face value of $10,580,000 and a fair value of $10,656,944; 4.85% - 5.88%, | Agency and Instrumentalities with a face value of $10,580,000 and a fair value of $10,656,944; 4.85% - 5.88%, | Agency and Instrumentalities with a face value of $10,580,000 and a fair value of $10,656,944; 4.85% - 5.88%, |  |
|  | with maturity dates from July 15, 2036, to October 21, 2044) | with maturity dates from July 15, 2036, to October 21, 2044) | with maturity dates from July 15, 2036, to October 21, 2044) |  |

---

A These bonds matured and defaulted on their principal and interest payments and are not accruing interest income. However, they are still trading in the open market.

---

| | |
|:---|:---|
| B | Certificates are collateralized by mortgage-backed obligations. They are subject to pre-payments or refinancing of the underlying mortgage instruments. As a result, the average life may be substantially less than the original maturity. The mortgage loans underlying these trusts securities are guaranteed by the Federal Housing Administration ("FHA") or by the United States Veterans Administration ("VA").  |

---

This guarantee is subject to complying with certain FHA guidelines in order to be effective.

C A portion or all of the security has been pledged as collateral for securities sold under reverse repurchase agreements.

D This security is a private placement and significant unobservable inputs were used in valuing this security. It is classified as Level 3.

E Revenue Bonds - issued by agencies and payable from revenues and other sources of income of the corresponding agency as specified in the applicable prospectus. These bonds are not obligations of the Commonwealth of Puerto Rico.

F Revenue Bonds - issued by agencies and payable from revenues and other sources of income of the corresponding agency as specified in the applicable prospectus.

G Issued with a zero coupon. Income is recognized through the accretion of discount.

H AFICA - Puerto Rico Industrial Tourism, Medical, Educational and Environmental Pollution Controls Financing Authority. Revenue bonds payable solely from cash by the underlying project. These bonds are not currently accruing interest income and are classified as Level 3.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tax Free Fund II for Puerto Rico Residents, Inc.

- **b. Investment Company Act file number:** 811-23671

- **c. CIK number of Registrant:** 0001847517

- **d. LEI of Registrant:** 549300YF9Z2HSLJ3Q687

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

  - **Street Address 1:** 250 MUNOZ RIVERA AVENUE

  - **City:** SAN JUAN

  - **State:** PR

  - **Foreign country:** US

  - **Zip / Postal Code:** 00918

  - **Telephone number:** 787-250-3600

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

- **a. Name of Series:** Tax Free Fund II for Puerto Rico Residents, Inc.

- **c. LEI of Series:** 549300YF9Z2HSLJ3Q687

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

- **a. Date of fiscal year-end:** 2026-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $49032236.98

**Total Liabilities:** $9885135.43

**Net Assets:** $39147101.55

**Cash Not Reported:** $322176.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -200.49000000 | **1-Year:** -737.87000000 | **5-Year:** -1798.49000000 | **10-Year:** -4840.67000000 | **30-Year:** -631.54000000

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

- **3-Month:** -15.10000000 | **1-Year:** -1393.95000000 | **5-Year:** -3399.24000000 | **10-Year:** -7925.47000000 | **30-Year:** -5690.17000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.14%                | 0.32%                | 0.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $259432.20                                 |
| Month 2  | $0.00                    | $38738.40                                  |
| Month 3  | $0.00                    | $-884983.96                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FEDERAL HOME LOAN BA                                                            | Federal Home Loan Banks                                      | CUSIP: 000000000<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1979292.00   | 5.06%             | 2042-08-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                          | Federal Home Loan Banks                                      | CUSIP: 3130ATBZ9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   2100000 | PA      | $2098863.90   | 5.36%             | 2037-09-28      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                          | Federal Home Loan Banks                                      | CUSIP: 3130B3DC4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3000000 | PA      | $3001320.00   | 7.67%             | 2044-10-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FHLB 5 3/4 11/07/44                                                             | Federal Home Loan Banks                                      | CUSIP: 000000000<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1500000 | PA      | $1500907.50   | 3.83%             | 2044-11-07      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                          | Federal Home Loan Banks                                      | CUSIP: 3130B5QF8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3500000 | PA      | $3511970.00   | 8.97%             | 2045-04-10      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT                                                             | Federal Farm Credit Banks Funding Corp                       | CUSIP: 000000000<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   3000000 | PA      | $2973414.00   | 7.60%             | 2042-04-28      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                        | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ENZH6<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1972532.00   | 5.04%             | 2042-06-27      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                          | Federal Home Loan Banks                                      | CUSIP: 3133XGAY0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1600000 | PA      | $1750835.20   | 4.47%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152GB1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1881281.01   | 4.81%             | 2035-07-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 6499022E2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    993673 | PA      | $1005154.92   | 2.57%             | 2033-03-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 6499022F9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2620753.20   | 6.69%             | 2040-03-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526QKL5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     45000 | PA      | $30037.50     | 0.08%             | 2018-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526QXC1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     70000 | PA      | $46725.00     | 0.12%             | 2019-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526QXJ6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    120000 | PA      | $80100.00     | 0.20%             | 2018-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC | CUSIP: 74527RJH3<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |     20000 | PA      | $7492.00      | 0.02%             | 2018-12-20      | Fixed         | 7.00%                 | No            |                  3 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC | CUSIP: 74527RJJ9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    985000 | PA      | $368981.00    | 0.94%             | 2030-12-20      | Fixed         | 7.25%                 | No            |                  3 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    752000 | PA      | $752012.78    | 1.92%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    381000 | PA      | $381141.35    | 0.97%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2793000 | PA      | $2632581.25   | 6.72%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8520000 | PA      | $8202672.60   | 20.95%            | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4509000 | PA      | $1506096.18   | 3.85%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7759000 | PA      | $1941022.48   | 4.96%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3864000 | PA      | $3780471.91   | 9.66%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $104166.89    | 0.27%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3159000 | PA      | $2949343.49   | 7.53%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Part Cerf 01/01/2029                                                            | Part Cerf 01/01/2029                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1028863 | PA      | $806628.60    | 2.06%             | 2029-01-01      | Fixed         | 7.15%                 | No            |                  3 | On Loan: No      |
| Santander U.S. Capital Markets LLC                                              | Santander U.S. Capital Markets LLC                           | CUSIP: 000000000<br>LEI: 549300LGG2RLWD21SU97 | Short            | RA               | CORP              | US        |  -9600000 | PA      | $-9600000.00  | -24.52%           |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-02

**Name of Applicant:** Tax Free Fund II for Puerto Rico Residents, Inc.

**Signature:** Claudio Ballester

**Name of Signer:** Claudio Ballester

**Title:** Executive Director