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        <name>Tender Option Bond Trust Receipts / Ctfs</name>
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        <name>Blackrock Muniyield New York Quality Fund Inc</name>
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        <name>Denver City &amp; Cnty Co Sch Dist #1</name>
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        <name>Blackrock Muniholdings New York Quality Fund Inc</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Massachusetts St Sch Bldg Auth Sales Tax Revenue</name>
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        <name>Pennsylvania St Univ</name>
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        <name>Invesco Municipal Income Opportunities Trust</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs</name>
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        <name>Tennessee Energy Acquisition Corp Commodity Project Revenue</name>
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        <name>Sacramento Ca Muni Utility Dist Elec Revenue</name>
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      <invstOrSec>
        <name>Blackrock Muniyield Quality Fund Iii Inc</name>
        <lei>UB5J2GS6Q51M6A2L8886</lei>
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      <invstOrSec>
        <name>S Estrn Pa Transprtn Auth</name>
        <lei>98450061A2F3FD36E493</lei>
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        <curCd>USD</curCd>
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          <maturityDt>2043-06-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
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        <cusip>88035EBS1</cusip>
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          <isin value="US88035EBS19"/>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Fing Corp Sales Tax Revenue</name>
        <lei>549300EIUFISISP8X671</lei>
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        <cusip>74529JRL1</cusip>
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          <isin value="US74529JRL16"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.78400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Blackrock Munivest Fund Ii Inc</name>
        <lei>TC1SINW7C50S8NN8GU32</lei>
        <title>BlackRock MuniVest Fund II, Inc.</title>
        <cusip>09253T101</cusip>
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          <isin value="US09253T1016"/>
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        <balance>386392.00000000</balance>
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        <curCd>USD</curCd>
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        <name>Nuveen New York Municipal Value Fund</name>
        <lei>549300NZ3QOSIW1ZM615</lei>
        <title>Nuveen New York Municipal Value Fund</title>
        <cusip>67062M105</cusip>
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          <isin value="US67062M1053"/>
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        <balance>82355.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>667899.05000000</valUSD>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Invesco Municipal Trust</name>
        <lei>GKS5Y4B1VKHV66WSPK53</lei>
        <title>Invesco Municipal Trust</title>
        <cusip>46131J103</cusip>
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          <isin value="US46131J1034"/>
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        <balance>478172.00000000</balance>
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        <curCd>USD</curCd>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Pimco California Municipal Income Fund Iii</name>
        <lei>BVT0QWDJNZ8WI4XN5U25</lei>
        <title>PIMCO California Municipal Income Fund III</title>
        <cusip>72201C109</cusip>
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          <isin value="US72201C1099"/>
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        <balance>45828.00000000</balance>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
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        <cusip>88035D3X1</cusip>
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          <isin value="US88035D3X12"/>
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        <balance>-2545000.00000000</balance>
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          <maturityDt>2029-12-01</maturityDt>
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        <name>Invesco Trust For Investment Grade Municipals</name>
        <lei>V0VF67S6NRLBDK357F71</lei>
        <title>Invesco Trust for Investment Grade Municipals</title>
        <cusip>46131M106</cusip>
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          <isin value="US46131M1062"/>
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        <balance>166278.00000000</balance>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Pimco California Municipal Income Fund Ii</name>
        <lei>1R86W760D611I8RHLX24</lei>
        <title>PIMCO California Municipal Income Fund II</title>
        <cusip>72200M108</cusip>
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          <isin value="US72200M1080"/>
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        <balance>186023.00000000</balance>
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        <name>Blackrock Muniholdings Quality Fund Ii Inc</name>
        <lei>V04K6JK5YHD4O5SHSC34</lei>
        <title>BlackRock MuniHoldings Quality Fund II, Inc.</title>
        <cusip>09254C107</cusip>
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          <isin value="US09254C1071"/>
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        <balance>326207.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>North Carolina St Turnpike Auth</name>
        <lei>549300FCT1PN0GJGQ240</lei>
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        <cusip>65830RDA4</cusip>
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        <balance>14000000.00000000</balance>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bny Mellon Strategic Municipals Inc</name>
        <lei>549300FH0LKMOBY7N332</lei>
        <title>BNY Mellon Strategic Municipals, Inc.</title>
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        <name>Pimco Municipal Income Fund Ii</name>
        <lei>ZVT714KPY3QTZWRT1S41</lei>
        <title>PIMCO Municipal Income Fund II</title>
        <cusip>72200W106</cusip>
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          <isin value="US72200W1062"/>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035FZG8</cusip>
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        <name>Blackrock Muniyield Quality Fund Inc</name>
        <lei>TFKEE3VA3GBE5LOK5U77</lei>
        <title>BlackRock MuniYield Quality Fund, Inc.</title>
        <cusip>09254F100</cusip>
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          <isin value="US09254F1003"/>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
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        <cusip>88035HPY6</cusip>
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        <name>Chicago Il O'hare International Arpt Revenue</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>Chicago O'Hare International Airport</title>
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        <name>Nuveen Municipal Value Fund Inc</name>
        <lei>549300TFLBQ7LJSP8B20</lei>
        <title>Nuveen Municipal Value Fund, Inc.</title>
        <cusip>670928100</cusip>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
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        <cusip>88035DQA6</cusip>
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        <balance>-6420000.00000000</balance>
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        <valUSD>-6420000.00000000</valUSD>
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        <name>Puerto Rico Cmwlth Aqueduct &amp; Swr Auth Revenue</name>
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        <curCd>USD</curCd>
        <valUSD>2176251.50000000</valUSD>
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        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Invesco Advantage Municipal Income Trust Ii</name>
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        <name>Abrdn National Municipal Income Fund</name>
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          <isin value="US24610T1088"/>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <cusip>88035GZY7</cusip>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Nuveen Amt-free Quality Municipal Income Fund</name>
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        <name>San Francisco Calif City &amp;cnty Arpts Commn Intl Arpt Rev</name>
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        <name>Pimco New York Municipal Income Fund Iii</name>
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        <name>Illinois St</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs</name>
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        <name>California St Univ Revenue</name>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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      <invstOrSec>
        <name>New Jersey St Transprtn Trust Fund Auth</name>
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        <name>Salt Lake City Ut Arpt Revenue</name>
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      <invstOrSec>
        <name>San Diego Cnty Ca Regl Arpt Auth Airport Revenue</name>
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          <isin value="US79739GNA03"/>
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        <name>Chicago Board of Trade</name>
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          <ticker value="USU5"/>
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        <name>Nuveen Amt-free Municipal Credit Income Fund</name>
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        <name>Eaton Vance Municipal Bond Fund</name>
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        <name>Nuveen New York Amt-free Quality Municipal Income Fund</name>
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        <name>Gtr Asheville Regl Arpt Auth Nc Arpt Sys Revenue</name>
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        <name>Columbus Oh Regl Arpt Auth Revenue</name>
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        <name>Connecticut St</name>
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        <name>California St Infrastructure &amp; Econ Dev Bank Revenue</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Nuveen Pennsylvania Quality Municipal Income Fund</name>
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        <name>Blackrock Municipal 2030 Target Term Trust</name>
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        <name>Blackrock Municipal Income Trust Ii</name>
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        <name>Kansas City Mo Indl Dev Auth Arpt Spl Oblig</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Blackrock New York Municipal Income Trust</name>
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        <name>Blackrock Municipal Income Quality Trust</name>
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        <name>Blackrock Investment Quality Municipal Trust Inc/the</name>
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        <name>Pioneer Municipal High Income Advantage Fund Inc</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Blackrock Muniyield Fund Inc</name>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port Auth Of New York &amp; New Jersey Ny</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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          <isin value="US73358XFS62"/>
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        <valUSD>10297945.00000000</valUSD>
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          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <cusip>88035MBX2</cusip>
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        <name>Nuveen Quality Municipal Income Fund</name>
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        <name>Puerto Rico Cmwlth Aqueduct &amp;swr Auth Revenue</name>
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        <invCountry>PR</invCountry>
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        <name>Neuberger Berman Municipal Fund Inc</name>
        <lei>549300IIZWX8QVUHXO20</lei>
        <title>Neuberger Berman Municipal Fund, Inc.</title>
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        <identifiers>
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        <valUSD>998383.95000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <cusip>88034U5Z7</cusip>
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        <valUSD>-9000000.00000000</valUSD>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <cusip>88035GMW5</cusip>
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        <name>Tender Option Bond Trust Receipts / Ctfs</name>
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        <cusip>88035DSM8</cusip>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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      <invstOrSec>
        <name>Western Asset Managed Municipals Fund Inc</name>
        <lei>549300HVO8EY2T8K4F73</lei>
        <title>Western Asset Managed Municipals Fund, Inc.</title>
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        <issuerCat>RF</issuerCat>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>RiverNorth Managed Duration Municipal Income Fund Inc.</ncom:nameOfApplicant>
      <ncom:signature>Jonathan M. Mohrhardt</ncom:signature>
      <ncom:signerName>Jonathan M. Mohrhardt</ncom:signerName>
      <ncom:title>Treasurer &amp; Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
