# EDGAR Filing Document

**Accession Number:** 0000899774
**File Stem:** 0001410368-25-018024
**Filing Date:** 2025-10
**Character Count:** 105030
**Document Hash:** a8ccea242ebf4223b44d15c02ce97c59
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-018024.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001410368-25-018024

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB MUNICIPAL INCOME FUND II
- **CENTRAL INDEX KEY:** 0000899774

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07618
- **FILM NUMBER:** 251419635

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN MUNICIPAL INCOME FUND II
- **DATE OF NAME CHANGE:** 20030319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCE MUNICIPAL INCOME FUND II
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### AB Virginia Portfolio (Series ID: S000010361)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000028661 | Class A       | AVAAX           |
| C000028663 | Class C       | AVACX           |
| C000082961 | Advisor Class | AVAYX           |

## Nport-Ex

**AB Municipal Income Fund II** 

**AB Virginia Portfolio** 

**Portfolio of Investments** 

**August 31, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 95.9%** | **MUNICIPAL OBLIGATIONS – 95.9%** | **MUNICIPAL OBLIGATIONS – 95.9%** |
|  **Long-Term Municipal Bonds – 95.4%** | **Long-Term Municipal Bonds – 95.4%** | **Long-Term Municipal Bonds – 95.4%** |
|  **Alabama – 4.3%** | **Alabama – 4.3%** | **Alabama – 4.3%** |
|  Black Belt Energy Gas District<br> (BP PLC)<br>Series 2024-D<br>5.00%, 03/01/2055 | $1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1054054 |
|  Black Belt Energy Gas District<br> (Goldman Sachs Group)<br>Series 2024-B<br>5.00%, 10/01/2055 | 1000 | 1064905 |
|  Black Belt Energy Gas District<br> (Nomura Holdings, Inc.)<br>Series 2022-A<br>4.00%, 12/01/2052 | 1000 | 999262 |
|  Black Belt Energy Gas District<br> (Pacific Life Insurance)<br>Series 2024-C<br>5.00%, 05/01/2055 | 1000 | 1069222 |
|  Southeast Alabama Gas Supply District (The)<br> (Morgan Stanley)<br>Series 2024<br>5.00%, 06/01/2049 | 1000 | 1064319 |
|  Southeast Energy Authority A Cooperative District<br> (Athene Annuity & Life Co.)<br>Series 2025-A<br>5.00%, 01/01/2056 | 1000 | 1027115 |
|  Southeast Energy Authority A Cooperative District<br> (Deutsche Bank AG)<br>Series 2024-A<br>5.00%, 11/01/2035 | 1000 | 1034137 |
|  Southeast Energy Authority A Cooperative District<br> (Pacific Life Insurance)<br>Series 2024-C<br>5.00%, 10/01/2055 | 1000 | 1066196 |
|  |  | 8379210 |
|  **American Samoa – 0.2%** | **American Samoa – 0.2%** | **American Samoa – 0.2%** |
|  American Samoa Economic Development Authority<br> (Territory of American Samoa)<br>Series 2018<br>7.125%, 09/01/2038<sup>(a)</sup> | 420 | 443256 |
|  **Arizona – 0.5%** | **Arizona – 0.5%** | **Arizona – 0.5%** |
|  Salt Verde Financial Corp.<br> (Citigroup, Inc.)<br>Series 2007<br>5.00%, 12/01/2037 | 1000 | 1045119 |
|  **California – 1.1%** | **California – 1.1%** | **California – 1.1%** |
|  Align Affordable Housing Bond Fund LP<br> (Park Landing LP)<br>Series 2022-2<br>5.66%, 08/01/2052 | 1000 | 899569 |
|  M-S-R Energy Authority<br> (Citigroup, Inc.)<br>Series 2009-B<br>6.50%, 11/01/2039 | 1000 | 1187426 |
|  |  | 2086995 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **District of Columbia – 18.4%** | **District of Columbia – 18.4%** | **District of Columbia – 18.4%** |
|  Metropolitan Washington Airports Authority Aviation Revenue<br> (Metropolitan Washington Airports Authority Aviation Revenue)<br>Series 2018-A<br>5.00%, 10/01/2038 | $2330 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2358517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A<br>4.00%, 10/01/2036 | 2000 | 1934416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A<br>5.00%, 10/01/2046 | 5000 | 4925664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.00%, 10/01/2038 | 2250 | 2333415 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 10/01/2036 | 2000 | 2149685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2050 | 1000 | 988265 |
|  Metropolitan Washington Airports Authority Dulles Toll Road Revenue<br> (Metropolitan Washington Airports Authority Dulles Toll Road Revenue)<br>Series 2009<br>Zero Coupon, 10/01/2037 | 5000 | 2929253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2010-B<br>6.50%, 10/01/2044<sup>(b)</sup> | 4300 | 4505379 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019<br>5.00%, 10/01/2034 | 1500 | 1570748 |
|  Washington Metropolitan Area Transit Authority<br> (Washington Metropolitan Area Transit Authority State Lease)<br>Series 2023<br>5.00%, 07/15/2048 | 3000 | 3029793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.25%, 07/15/2059 | 4000 | 4081247 |
|  Washington Metropolitan Area Transit Authority<br> (Washington Metropolitan Area Transit Authority)<br>Series 2017-A<br>5.00%, 07/01/2031 | 1145 | 1188762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2032 | 3950 | 4087044 |
|  |  | 36082188 |
|  **Guam – 4.0%** | **Guam – 4.0%** | **Guam – 4.0%** |
|  Antonio B Won Pat International Airport Authority<br> (Antonio B Won Pat Intl Airport Authority)<br>Series 2021-A<br>4.46%, 10/01/2043 | 165 | 138536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.25%, 10/01/2041 | 1000 | 1019048 |
|  Guam Department of Education<br> (Guam Dept. of Education COP)<br>Series 2020<br>5.00%, 02/01/2040 | 1000 | 963442 |
|  Guam Government Waterworks Authority<br> (Guam Waterworks Authority Water And Wastewater System)<br>Series 2025-A<br>5.25%, 07/01/2050 | 1000 | 1004553 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Guam Power Authority<br> (Guam Power Authority)<br>Series 2017-A<br>5.00%, 10/01/2036 | $| 1630 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1651522 |
|  Territory of Guam<br> (Territory of Guam Business Privilege Tax)<br>Series 2021-F<br>4.00%, 01/01/2042 |  | 1370 |  | 1215432 |
|  Territory of Guam<br> (Territory of Guam Hotel Occupancy Tax)<br>Series 2021-A<br>5.00%, 11/01/2035 |  | 1500 |  | 1563535 |
|  Territory of Guam<br> (Territory of Guam)<br>Series 2019<br>5.00%, 11/15/2031 |  | 170 |  | 178327 |
|  |  |  |  | 7734395 |
|  **Illinois – 1.1%** | **Illinois – 1.1%** | **Illinois – 1.1%** | **Illinois – 1.1%** | **Illinois – 1.1%** |
|  Metropolitan Pier & Exposition Authority<br> (Metropolitan Pier & Exposition Authority)<br>Series 2015-B<br>5.00%, 12/15/2045 |  | 2200 |  | 2164051 |
|  **Nevada – 0.0%** | **Nevada – 0.0%** | **Nevada – 0.0%** | **Nevada – 0.0%** | **Nevada – 0.0%** |
|  City of Reno NV<br> (County of Washoe NV Sales Tax Revenue)<br>Series 2018-C<br>Zero Coupon, 07/01/2058<sup>(a)</sup> |  | 500 |  | 73731 |
|  **North Carolina – 0.2%** | **North Carolina – 0.2%** | **North Carolina – 0.2%** | **North Carolina – 0.2%** | **North Carolina – 0.2%** |
|  North Carolina Medical Care Commission<br> (Aldersgate United Methodist Retirement Community)<br>Series 2015<br>4.70%, 07/01/2037 |  | 560 |  | 468914 |
|  **Puerto Rico – 2.2%** | **Puerto Rico – 2.2%** | **Puerto Rico – 2.2%** | **Puerto Rico – 2.2%** | **Puerto Rico – 2.2%** |
|  Commonwealth of Puerto Rico<br> (Commonwealth of Puerto Rico)<br>Series 2022-C<br>Zero Coupon, 11/01/2043 |  | 17 |  | 10480 |
|  Puerto Rico Commonwealth Aqueduct & Sewer Authority<br> (Puerto Rico Commonwealth Aqueduct & Sewer Authority)<br>Series 2020-A<br>5.00%, 07/01/2030<sup>(a)</sup> |  | 455 |  | 476083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2035<sup>(a)</sup> |  | 250 |  | 257712 |
|  Puerto Rico Electric Power Authority<br> (Puerto Rico Electric Power Authority)<br>AG Series 2007-V<br>5.25%, 07/01/2031 |  | 235 |  | 237216 |
| &nbsp;&nbsp;&nbsp;&nbsp; NATL Series 2007-V<br>5.25%, 07/01/2032 |  | 300 |  | 299592 |
|  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth<br> (AES Puerto Rico LP)<br>Series 2023-A<br>6.625%, 01/01/2027 |  | 50 |  | 50113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/01/2028 |  | 384 |  | 382498 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth<br> (Hospital Auxilio Mutuo Obligated Group)<br>Series 2021<br>4.00%, 07/01/2038 | $| 275 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2040 |  | 295 |  | 255761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2034 |  | 110 |  | 114529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2035 |  | 115 |  | 118825 |
|  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth<br> (San Juan Cruise Port LLC)<br>Series 2024<br>6.75%, 01/01/2045 |  | 400 |  | 441896 |
|  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue<br> (Puerto Rico Sales Tax Financing Sales Tax Revenue)<br>Series 2018-A<br>Zero Coupon, 07/01/2046 |  | 1000 |  | 314142 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>4.329%, 07/01/2040 |  | 160 |  | 148043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2058 |  | 955 |  | 873328 |
|  |  |  |  | 4228215 |
|  **Tennessee – 0.2%** | **Tennessee – 0.2%** | **Tennessee – 0.2%** | **Tennessee – 0.2%** | **Tennessee – 0.2%** |
|  Bristol Industrial Development Board<br> (Bristol Industrial Development Board Sales Tax)<br>Series 2016-A<br>5.00%, 12/01/2035<sup>(a)</sup> |  | 295 |  | 277802 |
|  **Texas – 1.1%** | **Texas – 1.1%** | **Texas – 1.1%** | **Texas – 1.1%** | **Texas – 1.1%** |
|  New Hope Cultural Education Facilities Finance Corp.<br> (SLF CHP LLC)<br>Series 2025<br>6.25%, 07/01/2045<sup>(a)</sup> |  | 100 |  | 90964 |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (Tarrant County Cultural Education Facilities Finance)<br>5.00%, 11/15/2036<sup>(c) (d) (e) (f)</sup> |  | 941 |  | 0 |
|  Texas Municipal Gas Acquisition & Supply Corp. IV<br> (BP PLC) Series 2023-A<br>5.50%, 01/01/2054 |  | 1000 |  | 1066649 |
|  Texas Municipal Gas Acquisition & Supply Corp. V<br> (Bank of America Corp.)<br>Series 2024<br>5.00%, 01/01/2055 |  | 1000 |  | 1063844 |
|  |  |  |  | 2221457 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Virginia – 61.3%** | **Virginia – 61.3%** | **Virginia – 61.3%** |
|  Arlington County Industrial Development Authority<br> (Virginia Hospital Center Arlington Health System Obligated Group)<br>Series 2020<br>4.00%, 07/01/2045 | $4000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3540195 |
|  Cherry Hill Community Development Authority<br> (Potomac Shores Project)<br>Series 2015<br>5.40%, 03/01/2045<sup>(a)</sup> | 585 | 585149 |
|  Chesapeake Bay Bridge & Tunnel District<br> (Chesapeake Bay Bridge & Tunnel District)<br>Series 2016<br>5.00%, 07/01/2046 | 4000 | 3915733 |
|  Chesterfield County Economic Development Authority<br> (County of Chesterfield VA)<br>Series 2024<br>5.00%, 04/01/2048 | 7000 | 7132783 |
|  City of Richmond VA Public Utility Revenue<br> (Prerefunded - US Govt Agencies)<br>Series 2016<br>5.00%, 01/15/2034 | 4000 | 4037776 |
|  County of Fairfax VA<br> (County of Fairfax VA)<br>Series 2023-A<br>4.00%, 10/01/2041 | 4445 | 4276660 |
|  Fairfax County Economic Development Authority<br> (Prerefunded - US Treasuries)<br>Series 2016<br>4.00%, 04/01/2035 | 415 | 418396 |
|  Fairfax County Industrial Development Authority<br> (Inova Health System Obligated Group)<br>Series 2018-A<br>4.00%, 05/15/2048 | 1500 | 1305015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>4.00%, 05/15/2042 | 2000 | 1835515 |
|  Hampton Roads Sanitation District<br> (Hampton Roads Sanitation District)<br>Series 2017-A<br>5.00%, 10/01/2033 | 3550 | 3692661 |
|  Hampton Roads Transportation Accountability Commission<br> (Prerefunded - US Treasuries)<br>Series 2018-A<br>5.00%, 07/01/2035 | 4000 | 4255561 |
|  Henrico County Economic Development Authority<br> (Bon Secours Mercy Health)<br>Series 2025<br>5.00%, 11/01/2048 | 2000 | 1986461 |
|  Henrico County Economic Development Authority<br> (Westminster-Canterbury Obligated Group)<br>Series 2022<br>5.00%, 10/01/2047 | 1000 | 990416 |
|  James City County Economic Development Authority<br> (Williamsburg Landing Obligated Group)<br>Series 2021-A<br>4.00%, 12/01/2050 | 1575 | 1154144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>6.875%, 12/01/2058 | 500 | 527899 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Lexington Industrial Development Authority<br> (Kendal at Lexington)<br>Series 2016<br>4.00%, 01/01/2031 | $1500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1502606 |
|  Lynchburg Economic Development Authority<br> (Centra Health Obligated Group)<br>Series 2017-A<br>5.00%, 01/01/2047 | 1750 | 1695215 |
|  Norfolk Airport Authority/VA<br> (Norfolk Airport Authority/VA)<br>Series 2019<br>5.00%, 07/01/2043 | 2870 | 2887886 |
|  Richmond Redevelopment & Housing Authority<br> (American Tobacco Holdings)<br>Series 2017<br>5.55%, 01/01/2037<sup>(a)</sup> | 950 | 901040 |
|  Roanoke Economic Development Authority<br> (Carilion Clinic Obligated Group)<br>Series 2020<br>4.00%, 07/01/2036 | 1000 | 1004050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2038 | 1550 | 1507479 |
|  Roanoke Economic Development Authority<br> (Lynchburg College)<br>Series 2018-A<br>5.00%, 09/01/2033 | 1125 | 1141545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2038 | 1535 | 1504235 |
|  Rockingham County Economic Development Authority<br> (Sentara Healthcare Obligated Group)<br>Series 2021<br>3.00%, 11/01/2046 | 1265 | 934000 |
|  Rockingham County Economic Development Authority<br> (Sunnyside Presbyterian Home Obligated Group)<br>Series 2020<br>4.00%, 12/01/2032 | 1085 | 1078527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2039 | 1000 | 1011992 |
|  Suffolk Economic Development Authority<br> (EveryAge Obligated Group)<br>Series 2016<br>5.00%, 09/01/2031 | 1000 | 1000558 |
|  Tobacco Settlement Financing Corp./VA<br> (Tobacco Settlement Financing Corp./VA)<br>Series 2007-B1<br>5.00%, 06/01/2047 | 2000 | 1662628 |
|  University of Virginia<br> (University of Virginia)<br>Series 2020<br>2.256%, 09/01/2050 | 1000 | 569641 |
|  US Bank Trust Co. NA<br> (Park Landing LP)<br>Series 2022-B<br>5.90%, 08/01/2052 | 370 | 325392 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Virginia Beach Development Authority<br> (Westminster-Canterbury on Chesapeake Bay Obligated Group)<br>Series 2023<br>7.00%, 09/01/2059 | $500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538902 |
|  Virginia College Building Authority<br> (Commonwealth of Virginia State Lease)<br>Series 2019-B<br>3.00%, 02/01/2037 | 9140 | 8140905 |
|  Virginia College Building Authority<br> (Marymount University)<br>Series 2015<br>5.00%, 07/01/2045<sup>(a)</sup> | 1000 | 765153 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-A<br>5.00%, 07/01/2030<sup>(a)</sup> | 1615 | 1504387 |
|  Virginia College Building Authority<br> (Regent University Obligated Group)<br>Series 2021<br>4.00%, 06/01/2036 | 3125 | 3007787 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>6.00%, 06/01/2055 | 1000 | 1040744 |
|  Virginia Commonwealth University Health System Authority<br> (Virginia Commonwealth University Health System Authority Obligated Group)<br>Series 2017-B<br>5.00%, 07/01/2046 | 2000 | 1990464 |
|  Virginia Port Authority<br> (Prerefunded - US Treasuries)<br>Series 2016-B<br>5.00%, 07/01/2035 | 2000 | 2034371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2036 | 4160 | 4231492 |
|  Virginia Public Building Authority<br> (Commonwealth of Virginia State Lease)<br>Series 2024-A<br>5.00%, 08/01/2044 | 2000 | 2076347 |
|  Virginia Public Building Authority<br> (Virginia Public Building Authority State Lease)<br>Series 2025<br>5.00%, 08/01/2040 | 2000 | 2146903 |
|  Virginia Resources Authority<br> (Virginia Resources Authority)<br>Series 2011-B<br>5.00%, 11/01/2026 | 20 | 20029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C<br>4.00%, 11/01/2034 | 2000 | 2011850 |
|  Virginia Small Business Financing Authority<br> (95 Express Lanes LLC)<br>Series 2022<br>5.00%, 07/01/2035 | 4580 | 4756271 |
|  Virginia Small Business Financing Authority<br> (Bon Secours Mercy Health)<br>Series 2020<br>4.00%, 12/01/2049 | 3500 | 2934946 |
|  Virginia Small Business Financing Authority<br> (Elizabeth River Crossings OpCo)<br>Series 2022<br>4.00%, 01/01/2040 | 4825 | 4382166 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Virginia Small Business Financing Authority<br> (Hampton University)<br>Series 2014<br>5.25%, 10/01/2029 | $| 4125 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4133688 |
|  Virginia Small Business Financing Authority<br> (I-66 Express Mobility Partners)<br>Series 2017<br>5.00%, 12/31/2052 |  | 3350 |  | 3124273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/31/2056 |  | 1000 |  | 924234 |
|  Virginia Small Business Financing Authority<br> (LifeSpire of Virginia Obligated Group)<br>Series 2024<br>4.50%, 12/01/2044 |  | 2000 |  | 1812408 |
|  Virginia Small Business Financing Authority<br> (National Senior Communities Obligated Group)<br>Series 2020<br>3.375%, 01/01/2051 |  | 1000 |  | 711243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/01/2051 |  | 1500 |  | 1202898 |
|  Virginia Small Business Financing Authority<br> (Pure Salmon Virginia LLC)<br>Series 2024<br>4.00%, 11/01/2052 |  | 4000 |  | 4002723 |
|  Virginia Small Business Financing Authority<br> (Reworld Holding Corp.)<br>Series 2018<br>5.00%, 01/01/2048<sup>(a)</sup> |  | 1000 |  | 934976 |
|  Winchester Economic Development Authority<br> (Valley Health Obligated Group)<br>Series 2015<br>5.00%, 01/01/2034 |  | 2000 |  | 2008692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2035 |  | 1500 |  | 1505686 |
|  |  |  |  | 120324696 |
|  **Washington – 0.3%** | **Washington – 0.3%** | **Washington – 0.3%** | **Washington – 0.3%** | **Washington – 0.3%** |
|  Pend Oreille County Public Utility District No. 1 Box Canyon<br> (Pend Oreille County Public Utility District No. 1 Box Canyon)<br>Series 2018<br>5.00%, 01/01/2044 |  | 650 |  | 651425 |
|  **Wisconsin – 0.5%** | **Wisconsin – 0.5%** | **Wisconsin – 0.5%** | **Wisconsin – 0.5%** | **Wisconsin – 0.5%** |
|  Wisconsin Public Finance Authority<br> (SR 400 Peach Partners LLC)<br>Series 2025<br>6.50%, 06/30/2060 |  | 1000 |  | 1057154 |
|  Total Long-Term Municipal Bonds <br>(cost $196,076,696) | Total Long-Term Municipal Bonds <br>(cost $196,076,696) | Total Long-Term Municipal Bonds <br>(cost $196,076,696) |  | 187238608 |
|  **Short-Term Municipal Notes – 0.5%** | **Short-Term Municipal Notes – 0.5%** | **Short-Term Municipal Notes – 0.5%** | **Short-Term Municipal Notes – 0.5%** | **Short-Term Municipal Notes – 0.5%** |
|  **Virginia – 0.5%** | **Virginia – 0.5%** | **Virginia – 0.5%** | **Virginia – 0.5%** | **Virginia – 0.5%** |
|  Hampton Roads Sanitation District<br> (Hampton Roads Sanitation District)<br>Series 2025-A<br>5.00%, 07/15/2026 <br>(cost $1,018,676) |  | 1000 |  | 1020759 |
|  Total Municipal Obligations <br>(cost $197,095,372) | Total Municipal Obligations <br>(cost $197,095,372) | Total Municipal Obligations <br>(cost $197,095,372) |  | 188259367 |

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| | | |
|:---|:---|:---|
| | **Shares** | **U.S. $ Value** |
|  **PREFERRED STOCKS – 0.0%** | **PREFERRED STOCKS – 0.0%** | **PREFERRED STOCKS – 0.0%** |
|  **Utility – 0.0%** | **Utility – 0.0%** | **Utility – 0.0%** |
|  **Electric – 0.0%** | **Electric – 0.0%** | **Electric – 0.0%** |
|  AES Guayama Holdings <br>0.00%<sup>(c) (d) (e)</sup> <br>(cost $151,336) | 8437 | $24552 |
|  | **Principal<br>Amount<br>(000)** |  |
|  **ASSET-BACKED SECURITIES – 0.0%** | **ASSET-BACKED SECURITIES – 0.0%** | **ASSET-BACKED SECURITIES – 0.0%** |
|  **Other ABS - Floating Rate – 0.0%** | **Other ABS - Floating Rate – 0.0%** | **Other ABS - Floating Rate – 0.0%** |
|  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth<br>12.50% (PRIME 1 Month + 4.00%), 03/04/2026<sup>(c) (e) (g)</sup> <br>(cost $6,655) | 7 | 6489 |
|  | **Shares** |  |
|  **SHORT-TERM INVESTMENTS – 2.9%** | **SHORT-TERM INVESTMENTS – 2.9%** | **SHORT-TERM INVESTMENTS – 2.9%** |
|  **Investment Companies – 2.9%** | **Investment Companies – 2.9%** | **Investment Companies – 2.9%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.14%<sup>(h) (i) (j)</sup> <br>(cost $5,698,371) | 5698371 | 5698371 |
|  **Total Investments – 98.8%** <br> (cost $202,951,734)<sup>(k)</sup> | **Total Investments – 98.8%** <br> (cost $202,951,734)<sup>(k)</sup> | 193988779 |
|  Other assets less liabilities – 1.2% | Other assets less liabilities – 1.2% | 2314426 |
|  **Net Assets – 100.0%** | **Net Assets – 100.0%** | $**196303205** |

---

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency**<br> **Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 6460 | 10/15/2028 | CPI# | 2.565% | Maturity | $(67328) | $— | $(67328) |
| USD | 5500 | 10/15/2029 | 2.569% | CPI# | Maturity | 49102 |  | 49102 |
| USD | 5250 | 10/15/2029 | 2.485% | CPI# | Maturity | 68087 |  | 68087 |
| USD | 4420 | 10/15/2029 | 2.516% | CPI# | Maturity | 50722 |  | 50722 |
| USD | 4415 | 10/15/2029 | 2.451% | CPI# | Maturity | 64428 |  | 64428 |
| USD | 4415 | 10/15/2029 | 2.499% | CPI# | Maturity | 54281 |  | 54281 |
| USD | 6790 | 10/15/2030 | CPI# | 2.531% | Maturity | (68367) |  | (68367) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150925 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150925 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

------

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 2200 | 10/15/2029 | 1 Day SOFR | 3.785% | Annual | $29418 | $— | $29418 |
| USD | 4400 | 04/30/2030 | 1 Day SOFR | 3.075% | Annual | (67783) |  | (67783) |
| USD | 1100 | 10/15/2030 | 1 Day SOFR | 4.082% | Annual | 36019 |  | 36019 |
| USD | 4700 | 07/31/2031 | 1 Day SOFR | 4.059% | Annual | 160869 | 439 | 160430 |
| USD | 4000 | 12/03/2031 | 1 Day SOFR | 4.111% | Annual | 146822 |  | 146822 |
| USD | 2600 | 08/15/2034 | 3.194% | 1 Day SOFR | Annual | 89096 |  | 89096 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394441 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394002 |

---

**INTEREST RATE SWAPS** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| <br>**Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| Citibank NA | USD | 2965 | 10/09/2029 | 1.125% | 1 Week SIFMA\* | Quarterly | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164401 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164401 |

---

*\** *Variable interest rate based on the Securities Industry & Financial Markets Association (SIFMA) Municipal Swap Index.* 

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At August 31, 2025, the aggregate market value of these securities amounted to $6,310,253 or 3.2% of net assets.* 

*(b)* *Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at August 31, 2025.* 

*(c)* *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* 

*(d)* *Non-income producing security.* 

*(e)* *Fair valued by the Adviser.* 

*(f)* *Defaulted.* 

*(g)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at August 31, 2025.* 

*(h)* *The rate shown represents the 7-day yield as of period end.* 

*(i)* *Affiliated investments.* 

*(j)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(k)* *As of August 31, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $1,947,839 and gross unrealized depreciation of investments was $(10,201,466), resulting in net unrealized depreciation of $(8,253,627).* 

*As of August 31, 2025, the Portfolio's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 0.3% and 0.0%, respectively.* 

*Glossary:* 

*ABS – Asset-Backed Securities* 

*AG – Assured Guaranty Inc.* 

*COP – Certificate of Participation* 

*NATL – National Interstate Corporation* 

*PRIME – US Bank Prime Loan Rate* 

*SOFR – Secured Overnight Financing Rate* 

------

**AB Municipal Income Fund II** 

**AB Virginia Portfolio** 

**August 31, 2025 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Portfolio. Unobservable inputs reflect the Portfolio's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Portfolio's own assumptions in determining the fair
value of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

------

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

The following table summarizes the valuation of the Portfolio's investments by the above fair value hierarchy levels as of August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Long-Term Municipal Bonds | $— | $187238608 | $0 <sup>(a)</sup> | $187238608 |
| Short-Term Municipal Notes |  | 1020759 |  | 1020759 |
| Preferred Stocks |  |  | 24552 | 24552 |
| Asset-Backed Securities |  |  | 6489 | 6489 |
| Short-Term Investments | 5698371 |  |  | 5698371 |
| Total Investments in Securities | 5698371 | 188259367 | 31041 <sup>(a)</sup> | 193988779 |
| **Other Financial Instruments<sup>(b)</sup>:** |  |  |  |  |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Centrally Cleared Inflation (CPI) Swaps |  | 286620 |  | 286620 |
| Centrally Cleared Interest Rate Swaps |  | 462224 |  | 462224 |
| Interest Rate Swaps |  | 164401 |  | 164401 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Centrally Cleared Inflation (CPI) Swaps |  | (135695) |  | (135695) |
| Centrally Cleared Interest Rate Swaps |  | (67783) |  | (67783) |
| **Total** | $**5698371** | $**188969134** | $**31041** **<sup>(a)</sup>** | $**194698546** |

---

*<sup>(a)</sup>* *The Fund held securities with zero market value at period end.* 

*<sup>(b)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Portfolio's transactions in AB mutual funds for the three months ended August 31, 2025 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value<br>05/31/2025<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>08/31/2025<br>(000)** | **Dividend<br>Income<br>(000)** |
| AB Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16441 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11281 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5698 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB MUNICIPAL INCOME FUND II

- **b. Investment Company Act file number:** 811-07618

- **c. CIK number of Registrant:** 0000899774

- **d. LEI of Registrant:** 549300NQ4217TS0L9K86

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB Virginia Portfolio

- **b. EDGAR series identifier (if any):** S000010361

- **c. LEI of Series:** E7BAUV216G1MOZRKT880

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $196855703.54

**Total Liabilities:** $869255.36

**Net Assets:** $195986448.18

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -568.30000000 | **1-Year:** -6886.63000000 | **5-Year:** -23302.83000000 | **10-Year:** -64142.74000000 | **30-Year:** -19769.83000000

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

- **3-Month:** -158.48000000 | **1-Year:** -1218.42000000 | **5-Year:** -2386.15000000 | **10-Year:** -5884.57000000 | **30-Year:** -2138.68000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028663 | 0.89%                | -0.48%               | 0.80%                |
| Class ID C000028661 | 0.85%                | -0.31%               | 0.77%                |
| Class ID C000082961 | 0.97%                | -0.39%               | 0.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-119995.68              | $1371530.27                                |
| Month 2  | $-18036.00               | $-1219149.15                               |
| Month 3  | $-16245.13               | $893913.56                                 |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond Unhedged

- **Index Identifier:** LMBITR:IND

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC                                                                       | CUSIP: 74527EFQ6<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    110000 | PA      | $114529.05    | 0.06%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Economic Development Authority                                   | FAIRFAX CNTY VA ECON DEV AUTH TRANSPRTN DIST IMPT REVENUE                                                                          | CUSIP: 30383BCR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $418395.65    | 0.21%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                               | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    235000 | PA      | $237216.03    | 0.12%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1215432.08   | 0.62%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS2Z7Q6   IRS USD R V 00MSOFR IS2Z7R7 CCPOIS / Short: BS2Z7Q6   IRS USD P F  3.19400 IS2Z7Q6 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2600000 | OU      | $89095.64     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Virginia Port Authority                                                         | VIRGINIA ST PORT AUTH PORT FAC REVENUE                                                                                             | CUSIP: 928077JK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034371.00   | 1.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066196.60   | 0.54%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                          | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE                                                                          | CUSIP: 65820YLK0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    560000 | PA      | $468913.48    | 0.24%             | 2037-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS30EP8   IRS USD R F  2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8   IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6460000 | OU      | $-67328.45    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027114.70   | 0.52%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS309L9   IRS USD R F  3.78500 IS309L9 CCPOIS / Short: SS309L9   IRS USD P V 00MSOFR IS309M0 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2200000 | OU      | $29417.60     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                     | CUSIP: 9277816D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1504387.36   | 0.77%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI TOLL REVENUE                                                                                                    | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057154.00   | 0.54%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US Bank Trust Co NA                                                             | US BANK TRUST CO NA VA                                                                                                             | CUSIP: 90355QAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $325392.43    | 0.17%             | 2052-08-01      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS31F03   IRS USD R V 12MUSCPI IS31F14 CCPINFLATIONZERO / Short: BS31F03   IRS USD P F  2.48500 IS31F03 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   5250000 | OU      | $68087.30     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Chesterfield County Economic Development Authority                              | CHESTERFIELD CNTY VA ECON DEV AUTH REVENUE                                                                                         | CUSIP: 16639EBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7132783.00   | 3.64%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS2N4T2   IRS USD R F  3.07500 IS2N4T2 CCPOIS / Short: SS2N4T2   IRS USD P V 00MSOFR IS2N4U3 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4400000 | OU      | $-67783.37    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Richmond Redevelopment & Housing Authority                                      | RICHMOND VA REDEV & HSG AUTH REVENUE                                                                                               | CUSIP: 765411AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $901040.04    | 0.46%             | 2037-01-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth University Health System Authority                        | VIRGINIA ST CMWLTH UNIV HLTH SYS AUTH REVENUE                                                                                      | CUSIP: 92778LDC1<br>LEI: 07ROV40HIZGU2Q6OXJ58 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990464.40   | 1.02%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE                                                                                     | CUSIP: 40065FFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004552.80   | 0.51%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS30759   IRS USD R V 12MUSCPI IS30760 CCP INFLATION ZERO / Short: BS30759   IRS USD P F  2.45000 BS30759 CCP INFLATION ZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4415000 | OU      | $64427.65     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647NT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2149684.80   | 1.10%             | 2036-10-01      | Fixed         | 5.00%                 | 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: 74527EFR4<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    115000 | PA      | $118825.28    | 0.06%             | 2035-07-01      | 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: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $148043.20    | 0.08%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                                          | ROANOKE VA ECON DEV AUTH HOSPREVENUE                                                                                               | CUSIP: 770082BV6<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1507478.70   | 0.77%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                     | CUSIP: 9277817M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $765152.50    | 0.39%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REVE                                                                       | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4002722.80   | 2.04%             | 2052-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Department of Education                                                    | GUAM GOVT DEPT OF EDU COPS                                                                                                         | CUSIP: 40065AAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963441.60    | 0.49%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                             | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160SH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257712.18    | 0.13%             | 2035-07-01      | 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: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $873327.73    | 0.45%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO LP                                                              | AES PUERTO RICO LP                                                                                                                 | CUSIP: 00810HAA0<br>LEI: 54930031FSLPC1L9X341 | Long             | DBT              | CORP              | US        |      6689 | PA      | $6488.78      | 0.00%             | 2026-03-04      | Variable      | 11.50%                | No            |                  3 | On Loan: No      |
| Lexington Industrial Development Authority                                      | LEXINGTON VA INDL DEV AUTH RSDL CARE FAC REVENUE                                                                                   | CUSIP: 52976BBV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502605.65   | 0.77%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AES GUAYAMA HOLDINGS PFD                                                        | AES GUAYAMA HOLDINGS PFD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8437 | NS      | $24551.67     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                               | GUAM INTERNATIONAL ARPT AUTH                                                                                                       | CUSIP: 40064RFX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019048.60   | 0.52%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                 | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE                                                                                    | CUSIP: 30382VAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1835514.80   | 0.94%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS31TF6   IRS USD R F  4.08200 IS31TF6 CCPOIS / Short: SS31TF6   IRS USD P V 00MSOFR IS31TG7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1100000 | OU      | $36019.55     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                   | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                                                                                        | CUSIP: 02936TAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $443255.44    | 0.23%             | 2038-09-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue             | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE                                                                              | CUSIP: 592643BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4505378.75   | 2.30%             | 2044-10-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                     | Long: IS1WUB4   IRS USD R V 01MMUNIP IS1WUC5 VANILLA / Short: IS1WUB4   IRS USD P F  1.12500 IS1WUB4 VANILLA                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   2965000 | OU      | $164400.77    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                | JAMES CITY CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE                                                                             | CUSIP: 47029WED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1154143.62   | 0.59%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA SMALL BUSINESS FING AUTH PRIV ACTIVITY REVENUE SR                                                                         | CUSIP: 928097AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3124273.32   | 1.59%             | 2052-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                                          | ROANOKE VA ECON DEV AUTH EDUCTNL FACS REVENUE                                                                                      | CUSIP: 770080AT6<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1504235.22   | 0.77%             | 2038-09-01      | Fixed         | 5.00%                 | 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: 74527EFW3<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    295000 | PA      | $255761.40    | 0.13%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chesapeake Bay Bridge & Tunnel District                                         | CHESAPEAKE BAY VA BRIDGE & TUNNEL DIST REVENUE                                                                                     | CUSIP: 16514PAD1<br>LEI: 549300JGWE66ZSSOYN09 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3915733.20   | 2.00%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH HLTHCARE FACS REVENUE                                                                         | CUSIP: 928105BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2934946.00   | 1.50%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU                                                                       | CUSIP: 87638REV5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    940900 | PA      | $0.01         | 0.00%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE                                                                                      | CUSIP: 928173EE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2146903.40   | 1.10%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064905.30   | 0.54%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                                       | CUSIP: 928104PH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4580000 | PA      | $4756271.38   | 2.43%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH RSDL FAC CARE REVENUE                                                                         | CUSIP: 928103AX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1812407.80   | 0.92%             | 2044-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                 | FAIRFAX CNTY VA INDL DEV AUTH REVENUE                                                                                              | CUSIP: 303823MW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1305014.70   | 0.67%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/VA                                            | TOBACCO SETTLEMENT FING CORP VA                                                                                                    | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1662628.40   | 0.85%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TAW7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999261.90    | 0.51%             | 2052-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Virginia                                                          | UNIV OF VIRGINIA VA UNIV REVENUES                                                                                                  | CUSIP: 915217XF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $569640.50    | 0.29%             | 2050-09-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                               | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                                                                                         | CUSIP: 409327MW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020759.00   | 0.52%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE                                                                                      | CUSIP: 928173CX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2076346.60   | 1.06%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                                       | CUSIP: 928104NY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4825000 | PA      | $4382165.84   | 2.24%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rockingham County Economic Development Authority                                | ROCKINGHAM CNTY VA ECON DEV AUTH RSDL CARE FACS REVENUE                                                                            | CUSIP: 773455AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011992.00   | 0.52%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS30FB1   IRS USD R F  2.53125 IS30FB1 CCPINFLATIONZERO / Short: SS30FB1   IRS USD P V 12MUSCPI IS30FC2 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6790000 | OU      | $-68366.81    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647FM8<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2358516.87   | 1.20%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Reno NV                                                                 | RENO NV SALES TAX REVENUE                                                                                                          | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |    500000 | PA      | $73730.90     | 0.04%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                        | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250BR4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2164051.34   | 1.10%             | 2045-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Port Authority                                                         | VIRGINIA ST PORT AUTH PORT FAC REVENUE                                                                                             | CUSIP: 928077JL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4160000 | PA      | $4231491.68   | 2.16%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                        | CUSIP: 92778FKN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3007786.88   | 1.53%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054053.70   | 0.54%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647PD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988264.80    | 0.50%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA Public Utility Revenue                                      | RICHMOND VA PUBLIC UTILITY REVENUE                                                                                                 | CUSIP: 765433KM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4037776.40   | 2.06%             | 2034-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE                                                                                  | CUSIP: 92818L4T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20029.11     | 0.01%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS309H5   IRS USD R V 12MUSCPI IS309I6 CCPINFLATIONZERO / Short: BS309H5   IRS USD P F  2.51600 IS309H5 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4420000 | OU      | $50721.98     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cherry Hill Community Development Authority                                     | CHERRY HILL VA CMNTY DEV AUTHSPL ASSMNT                                                                                            | CUSIP: 164631AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $585148.82    | 0.30%             | 2045-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                          | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION REVENUE                                                                       | CUSIP: 40934TAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4255561.20   | 2.17%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Align Affordable Housing Bond Fund LP                                           | ALIGN CAP SER 2022-1 TRUST VIRGINIA                                                                                                | CUSIP: 01630QAA6<br>LEI: 549300B2I0LUTCXK9B86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $899568.70    | 0.46%             | 2052-08-01      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                            | VIRGINIA BEACH VA DEV AUTH RSDL CARE FAC REVENUE                                                                                   | CUSIP: 92774NBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538902.30    | 0.27%             | 2059-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE                                                                              | CUSIP: 93878YDZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4081247.20   | 2.08%             | 2059-07-15      | 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: 74528LAA9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    400000 | PA      | $441895.72    | 0.23%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647MW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2333415.38   | 1.19%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                                       | CUSIP: 928104LZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4125000 | PA      | $4133688.08   | 2.11%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                   | HENRICO CNTY VA ECON DEV AUTH HLTH FACS REVENUE                                                                                    | CUSIP: 42605XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1986461.00   | 1.01%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winchester Economic Development Authority                                       | WINCHESTER VA ECON DEV AUTH HOSP REVENUE                                                                                           | CUSIP: 973121BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505686.35   | 0.77%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                                          | ROANOKE VA ECON DEV AUTH EDUCTNL FACS REVENUE                                                                                      | CUSIP: 770080AN9<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1141544.93   | 0.58%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     16701 | PA      | $10479.68     | 0.01%             | 2043-11-01      | Variable      | 1.00%                 | 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: 74527EFU7<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    275000 | PA      | $247996.68    | 0.13%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH SOL WST DISP FAC REVENU                                                                       | CUSIP: 928106AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $934976.20    | 0.48%             | 2048-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069222.20   | 0.55%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lynchburg Economic Development Authority                                        | LYNCHBURG VA ECON DEV AUTH HOSP REVENUE                                                                                            | CUSIP: 55123TAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1695214.85   | 0.86%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norfolk Airport Authority/VA                                                    | NORFOLK VA ARPT AUTH REVENUE                                                                                                       | CUSIP: 655857EJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2870000 | PA      | $2887886.41   | 1.47%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647HR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1934415.60   | 0.99%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE                                                                                  | CUSIP: 938782ET2<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1188762.01   | 0.61%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V                                 | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP V GAS SPLY REVENUE                                                                       | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063844.50   | 0.54%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT                                                                                                                          | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $178326.72    | 0.09%             | 2031-11-15      | Fixed         | 5.00%                 | 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: 74528KAA1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |     50294 | PA      | $50112.95     | 0.03%             | 2027-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                                       | CUSIP: 928104ND6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $711243.30    | 0.36%             | 2051-01-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                          | M-S-R CA ENERGY AUTH GAS REVENUE                                                                                                   | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1187426.40   | 0.61%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Rockingham County Economic Development Authority                                | ROCKINGHAM CNTY VA ECON DEV AUTH RSDL CARE FACS REVENUE                                                                            | CUSIP: 773455AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1078527.00   | 0.55%             | 2032-12-01      | Fixed         | 4.00%                 | 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: 74528KAB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    383587 | PA      | $382497.65    | 0.20%             | 2028-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                               | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                                                                                         | CUSIP: 409327JG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3692660.66   | 1.88%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                             | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE                                                                       | CUSIP: 64542PGP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90963.68     | 0.05%             | 2045-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS32B31   IRS USD R F  4.11050 IS32B31 CCPOIS / Short: SS32B31   IRS USD P V 00MSOFR IS32B42 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4000000 | OU      | $146822.55    | 0.07%             |  |  |  | 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        |   1000000 | PA      | $314142.10    | 0.16%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Winchester Economic Development Authority                                       | WINCHESTER VA ECON DEV AUTH HOSP REVENUE                                                                                           | CUSIP: 973121BQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008691.60   | 1.02%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                              | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                   | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   5698371 | NS      | $5698371.42   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| James City County Economic Development Authority                                | JAMES CITY CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE                                                                             | CUSIP: 47029WEG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527898.80    | 0.27%             | 2058-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                        | CUSIP: 92778FLZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040743.80   | 0.53%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                                       | CUSIP: 928104NC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1202897.55   | 0.61%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA SMALL BUSINESS FING AUTH PRIV ACTIVITY REVENUE SR                                                                         | CUSIP: 928097AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924234.10    | 0.47%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                                            | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                       | CUSIP: 11023PAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $277802.12    | 0.14%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY                                                                        | CUSIP: 92778VHK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9140000 | PA      | $8140904.77   | 4.15%             | 2037-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Economic Development Authority                                          | SUFFOLK VA ECON DEV AUTH RETMNT FACS REVENUE                                                                                       | CUSIP: 86482NAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000558.00   | 0.51%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pend Oreille County Public Utility District No 1 Box Canyon                     | PEND OREILLE CNTY WA PUBLIC UTILITY DIST #1 BOX CANYON                                                                             | CUSIP: 706643DG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $651424.54    | 0.33%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                               | CUSIP: 74526Q2Q4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    300000 | PA      | $299591.91    | 0.15%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                   | HENRICO CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE                                                                                | CUSIP: 42605QHM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990416.50    | 0.51%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034136.60   | 0.53%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE                                                                              | CUSIP: 93878YDS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3029793.30   | 1.55%             | 2048-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS308B2   IRS USD R V 12MUSCPI IS308C3 CCPINFLATION ZERO / Short: BS308B2   IRS USD P F  2.49900 BS308B2 CCP INFLATION ZERO  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4415000 | OU      | $54281.41     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS33Q40   IRS USD R V 00MSOFR IS33Q51 CCPOIS / Short: BS33Q40   IRS USD P F  3.77000 IS33Q40 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    700000 | OU      | $-4403.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Arlington County Industrial Development Authority                               | ARLINGTON CNTY VA INDL DEV AUTH HOSP FAC REVENUE                                                                                   | CUSIP: 041438HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3540195.20   | 1.81%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                             | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160SG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $476083.52    | 0.24%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE                                                                                  | CUSIP: 92818MAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011850.40   | 1.03%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS31T56   IRS USD R V 12MUSCPI IS31T67 CCPINFLATIONZERO / Short: BS31T56   IRS USD P F  2.56880 IS31T56 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   5500000 | OU      | $49102.35     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                               | GUAM INTERNATIONAL ARPT AUTH                                                                                                       | CUSIP: 40064REL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $138535.72    | 0.07%             | 2043-10-01      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE                                                                                  | CUSIP: 938782EV7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $4087044.46   | 2.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS2VZV5   IRS USD R F  4.05900 IS2VZV5 CCPOIS / Short: SS2VZV5   IRS USD P V 00MSOFR IS2VZW6 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4700000 | OU      | $160869.14    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT HOTEL OCCUPANCY TAX REVENUE                                                                                              | CUSIP: 40065KAU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563534.75   | 0.80%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                            | FAIRFAX CNTY VA                                                                                                                    | CUSIP: 30382AMZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4276659.85   | 2.18%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                                          | ROANOKE VA ECON DEV AUTH HOSPREVENUE                                                                                               | CUSIP: 770082BT1<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004049.90   | 0.51%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                            | GUAM PWR AUTH REVENUE                                                                                                              | CUSIP: 400653JH5<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1651522.36   | 0.84%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                        | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066649.00   | 0.54%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue             | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE                                                                              | CUSIP: 592643CX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1570747.65   | 0.80%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                       | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE                                                                                    | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045119.30   | 0.53%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                       | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                                      | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064319.30   | 0.54%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockingham County Economic Development Authority                                | ROCKINGHAM CNTY VA ECON DEV AUTH FACS REVENUE                                                                                      | CUSIP: 77345QAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $934000.35    | 0.48%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647KM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4925664.50   | 2.51%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue             | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE                                                                              | CUSIP: 592643BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2929253.00   | 1.49%             | 2037-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** AB MUNICIPAL INCOME FUND II

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller