0001752724-22-052331.txt : 20220301 0001752724-22-052331.hdr.sgml : 20220301 20220228185713 ACCESSION NUMBER: 0001752724-22-052331 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211231 FILED AS OF DATE: 20220301 PERIOD START: 20220630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RiverNorth Flexible Municipal Income Fund II, Inc. CENTRAL INDEX KEY: 0001817159 IRS NUMBER: 851659170 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-23586 FILM NUMBER: 22692750 BUSINESS ADDRESS: STREET 1: 325 NORTH LASALLE STREET STREET 2: SUITE 645 CITY: CHICAGO STATE: IL ZIP: 60654 BUSINESS PHONE: 312-445-2251 MAIL ADDRESS: STREET 1: 325 NORTH LASALLE STREET STREET 2: SUITE 645 CITY: CHICAGO STATE: IL ZIP: 60654 NPORT-P 1 primary_doc.xml NPORT-P false 0001817159 XXXXXXXX RiverNorth Flexible Municipal Income Fund II Inc. 811-23586 0001817159 549300U301TLYWQNC025 325 N LASALLE ST. SUITE 645 CHICAGO 60654 312-832-1440 RiverNorth Flexible Municipal Income Fund II Inc. 549300U301TLYWQNC025 2022-06-30 2021-12-31 N 494096149.80 970536.48 493125613.32 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3045126.81000000 USD N Blackrock Munivest Fund Inc 68LQJ5NLUNQI2T9OLL41 BlackRock MuniVest Fund, Inc. 09253R105 1485989.00000000 NS USD 14220914.73000000 2.883832099950 Long EC RF US N 1 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 US 10 Yr Note Future N/A -1775.00000000 NC USD -231582031.25000000 -46.9620772060 N/A DIR CORP US N 1 State Street Corporation N/A Short United States Treasury Note United States Treasury Note 2022-03-22 -231582031.25000000 USD -2611113.75000000 N N N Delaware Investments Minnesota Municipal Income Fund Ii Inc RY6PR144OD7KOIBBCC20 Delaware Investments Minnesota Municipal Income Fund II, Inc. 24610V103 158832.00000000 NS USD 2241119.52000000 0.454472341217 Long EC RF US N 1 N N N Denver Co City & Cnty Dedicated Tax Revenue MMTY7HA2MSCBUO4F7J71 City & County of Denver Co. 24917DCR2 14500000.00000000 PA USD 17224605.10000000 3.492944725388 Long DBT MUN US N 2 2051-08-01 Fixed 4.00000000 N N N N N N Mfs High Yield Municipal Trust A8WLLLHJKX1MW5QPZU93 MFS High Yield Municipal Trust 59318E102 442344.00000000 NS USD 1999394.88000000 0.405453463781 Long EC RF US N 1 N N N Nuveen New Jersey Quality Municipal Income Fund 5493006CFPL75HL16F31 Nuveen New Jersey Quality Municipal Income Fund 67069Y102 301185.00000000 NS USD 4632225.30000000 0.939360109245 Long EC RF US N 1 N N N New York Ny 549300ABYZD2SFD5JB29 New York City Series F-1 64966QVV9 30000000.00000000 PA USD 35320704.00000000 7.162618011707 Long DBT MUN US N 2 2047-03-01 Fixed 4.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States 5493003476LG35QAKM08 Tender Option Bond Trust Receipts/Certificates 88034XG22 -10875000.00000000 PA USD -10875000.00000000 -2.20532045106 Short DBT MUN US Y 2 2051-01-01 Floating 0.13000000 N N N N N N Blackrock Muniholdings Fund Inc MZBVMGS24JR92TGE6Z32 BlackRock MuniHoldings Fund, Inc. 09253N104 812910.00000000 NS USD 13624371.60000000 2.762860259533 Long EC RF US N 1 N N N Blackrock Muniyield Pennsylvania Quality Fund O1KCIUJBK2RN0MOX1Z59 BlackRock MuniYield Pennsylvania Quality Fund 09255G107 19149.00000000 NS USD 320554.26000000 0.065004585310 Long EC RF US N 1 N N N Invesco Quality Municipal Income Trust WLEGDSEH0E242WVNUY02 Invesco Quality Municipal Income Trust 46133G107 773966.00000000 NS USD 10518197.94000000 2.132965243720 Long EC RF US N 1 N N N Neuberger Berman New York Municipal Fund Inc 549300QBK683OL6H5P21 Neuberger Berman New York Municipal Fund, Inc. 64124K102 147250.00000000 NS USD 1914250.00000000 0.388187096409 Long EC RF US N 1 N N N Invesco Pennsylvania Value Municipal Income Trust 549300S5KHBL3XISY922 Invesco Pennsylvania Value Municipal Income Trust 46132K109 85685.00000000 NS USD 1197019.45000000 0.242741284911 Long EC RF US N 1 N N N Blackrock Liquidity Funds Municash 549300RWBJ885673DL84 BlackRock Liquidity Funds MuniCash 09248U841 19742410.05000000 NS USD 19744384.29000000 4.003925928136 Long STIV RF US N 1 N N N Puerto Rico Sales Tax Fing Corp Sales Tax Revenue 549300EIUFISISP8X671 Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 74529JPX7 3500000.00000000 PA USD 4060199.85000000 0.823360162264 Long DBT MUN PR N 2 2058-07-01 Fixed 5.00000000 N N N N N N Nuveen Municipal Credit Income Fund 54930078DL3R0VSYW338 Nuveen Dividend Advantage Municipal Fund 3 67070X101 58034.00000000 NS USD 992381.40000000 0.201243126131 Long EC RF US N 1 N N N Met Transprtn Auth Ny Revenue 5493000TKYODLXADQD60 New York Metropolitan Transport Authority Transportation Series C-1, Revenue Green Bonds 59261AG50 12500000.00000000 PA USD 15440730.00000000 3.131196105601 Long DBT MUN US N 2 2055-11-15 Fixed 5.25000000 N N N N N N Miami-dade Cnty Fl Wtr & Swr Revenue 549300QG0NBD9HULR263 County of Miami-Dade FL Water & Sewer System Revenue 59334DMQ4 10000000.00000000 PA USD 11884901.00000000 2.410116343376 Long DBT MUN US N 2 2046-10-01 Fixed 4.00000000 N N N N N N Blackrock Muniholdings Investment Quality Fund 3ZB936ECCHG0HCOPJB28 BlackRock MuniHoldings Investment Quality Fund 09254P108 514197.00000000 NS USD 7640967.42000000 1.549497169404 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034YVR8 -12000000.00000000 PA USD -12000000.00000000 -2.43345704945 Short DBT MUN US Y 2 2028-01-01 Floating 0.18000000 N N N N N N Bny Mellon Strategic Municipal Bond Fund Inc 54930044KK4C1VDJ7M52 BNY Mellon Strategic Municipal Bond Fund, Inc. 09662E109 232953.00000000 NS USD 1945157.55000000 0.394454779362 Long EC RF US N 1 N N N Salt Lake City Ut Arpt Revenue 549300CRGKV67DRSGT85 City of Salt Lake City UT Airport Revenue 795576KC0 11000000.00000000 PA USD 13873083.40000000 2.813296049783 Long DBT MUN US N 2 2051-07-01 Fixed 5.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034XE24 -8000000.00000000 PA USD -8000000.00000000 -1.62230469963 Short DBT MUN US Y 2 2046-10-01 Floating 0.14000000 N N N N N N Blackrock Muniyield Quality Fund Iii Inc UB5J2GS6Q51M6A2L8886 BlackRock MuniYield Quality Fund III, Inc. 09254E103 228624.00000000 NS USD 3388207.68000000 0.687088155325 Long EC RF US N 1 N N N Mfs Investment Grade Municipal Trust TQV30XJRB3S7V50XRW52 MFS Investment Grade Municipal Trust 59318B108 263847.00000000 NS USD 2720262.57000000 0.551636843944 Long EC RF US N 1 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 US LONG BOND(CBT) Mar22 N/A -675.00000000 NC USD -108295312.50000000 -21.9609993021 N/A DIR CORP US N 1 State Street Corporation N/A Short United States Treasury Note United States Treasury Note 2022-03-22 -108295312.50000000 USD -2026586.25000000 N N N Invesco Trust For Investment Grade New York Municipals FNS6N81D3V131ZZWNT79 Invesco Trust for Investment Grade New York Municipals 46131T101 75366.00000000 NS USD 1011411.72000000 0.205102248327 Long EC RF US N 1 N N N Univ Of Wyoming Wy Univ Revenues N/A University of Wyoming 915268H58 5000000.00000000 PA USD 5927783.00000000 1.202083777415 Long DBT MUN US N 2 2045-06-01 Fixed 4.00000000 N N N N N N Washington St Convention Center Public Facs Dist N/A Washington State Convention Center Public Facilities District 93976AEE8 1065000.00000000 PA USD 1242731.35000000 0.252011113686 Long DBT MUN US N 2 2034-07-01 Fixed 4.00000000 N N N N N N New Jersey St Turnpike Auth Turnpike Revenue 5493005YN67D71KSMI84 New Jersey Turnpike Authority 646140DK6 14500000.00000000 PA USD 17045882.45000000 3.456701901010 Long DBT MUN US N 2 2051-01-01 Fixed 4.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034YYF1 -8000000.00000000 PA USD -8000000.00000000 -1.62230469963 Short DBT MUN US Y 2 2046-08-01 Floating 0.16000000 N N N N N N Met Washington Dc Arpts Auth Arpt Sys Revenue 7HERAVJJLN8J1DZ6AZ19 Metropolitan Washington Airports Authority DC Series 592647GN5 10000000.00000000 PA USD 12342879.00000000 2.502988826092 Long DBT MUN US N 2 2044-10-01 Fixed 5.00000000 N N N N N N Philadelphia Pa Arpt Revenue N/A City of Philadelphia PA Airport Revenue 717817XY1 5300000.00000000 PA USD 6182883.01000000 1.253815020552 Long DBT MUN US N 2 2046-07-01 Fixed 4.00000000 N N N N N N Eaton Vance California Municipal Bond Fund 549300FJGD8HWP11TO17 Eaton Vance California Municipal Bond Fund 27828A100 58209.00000000 NS USD 675224.40000000 0.136927464678 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034XWX6 -8000000.00000000 PA USD -8000000.00000000 -1.62230469963 Short DBT MUN US Y 2 2027-10-01 Floating 0.18000000 N N N N N N Hampton Roads Va Transprtn Accountability Commission N/A Hampton Roads Transportation Accountability Commission 409328AU5 14125000.00000000 PA USD 16611096.05000000 3.368532398502 Long DBT MUN US N 2 2055-07-01 Fixed 4.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States 5493003476LG35QAKM08 Tender Option Bond Trust Receipts/Certificates 88034XWQ1 -9860000.00000000 PA USD -9860000.00000000 -1.99949054230 Short DBT MUN US Y 2 2026-02-01 Floating 0.12000000 N N N N N N Blackrock Muniyield California Fund Inc 66NM4YVPRCKC38WC6N20 BlackRock MuniYield California Fund, Inc. 09254M105 360773.00000000 NS USD 5429633.65000000 1.101065023462 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034YZU7 -8250000.00000000 PA USD -8250000.00000000 -1.67300172149 Short DBT MUN US Y 2 2051-07-01 Floating 0.20000000 N N N N N N New Memphis Arena Public Bldg Auth Tn N/A New Memphis Arena Public Building Authority 64704CAN8 1800000.00000000 PA USD 1022164.20000000 0.207282723182 Long DBT MUN US N 2 2044-04-01 None 0.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034YT67 -7500000.00000000 PA USD -7500000.00000000 -1.52091065590 Short DBT MUN US Y 2 2047-09-01 Floating 0.13000000 N N N N N N Dws Strategic Municipal Income Trust HW9ZECORLBPA6LHYL567 DWS Strategic Municipal Income Trust 23342Q101 53981.00000000 NS USD 656408.96000000 0.133111917586 Long EC RF US N 1 N N N New York St Urban Dev Corp Sales Tax Revenue 54930039Y2EMGXN6LM88 New York State Urban Development Corp. 64985TCP4 10000000.00000000 PA USD 10759378.00000000 2.181873686820 Long DBT MUN US N 2 2042-03-15 Fixed 3.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034XB92 -10200000.00000000 PA USD -10200000.00000000 -2.06843849203 Short DBT MUN US Y 2 2046-03-01 Floating 0.15000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States 5493003476LG35QAKM08 Tender Option Bond Trust Receipts/Certificates 88034XZZ8 -8000000.00000000 PA USD -8000000.00000000 -1.62230469963 Short DBT MUN US Y 2 2029-01-01 Floating 0.13000000 N N N N N N Lubbock Tx Elec Light & Pwr Sys 549300I1QTL3QZV4BX74 City of Lubbock TX Electric Light & Power System Revenue 549203XN2 5420000.00000000 PA USD 6252476.77000000 1.267927806042 Long DBT MUN US N 2 2051-04-15 Fixed 4.00000000 N N N N N N Delaware Investments National Municipal Income Fund NIC7ULNUGCUI836YP119 Delaware Investments National Municipal Income Fund 24610T108 135037.00000000 NS USD 1906722.44000000 0.386660596914 Long EC RF US N 1 N N N Blackrock California Municipal Income Trust LE6236HQD6DXEGUHE217 BlackRock California Municipal Income Trust 09248E102 749241.00000000 NS USD 10901456.55000000 2.210685524243 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States 5493003476LG35QAKM08 Tender Option Bond Trust Receipts/Certificates 88034XD66 -11600000.00000000 PA USD -11600000.00000000 -2.35234181447 Short DBT MUN US Y 2 2029-02-01 Floating 0.13000000 N N N N N N Pioneer Municipal High Income Opportunities Fund Inc 5493005BKX8X756MKL25 Pioneer Municipal High Income Opportunities Fund, Inc. 723760104 175797.00000000 NS USD 3229390.89000000 0.654882002226 Long EC RF US N 1 N N N Nuveen Amt-free Quality Municipal Income Fund 549300OTYQOOXS64NI63 Nuveen AMT-Free Quality Municipal Income Fund 670657105 2196536.00000000 NS USD 34265961.60000000 6.948728817654 Long EC RF US N 1 N N N Nuveen Amt-free Municipal Value Fund 5493002K5IM2S29FUR04 Nuveen AMT-Free Municipal Value Fund 670695105 125911.00000000 NS USD 2087604.38000000 0.423341299581 Long EC RF US N 1 N N N Missouri St Hlth & Eductnl Facs Auth Hlth Facs Revenue 549300IWTBCMX5JB3277 Missouri Health and Educational Facilities Authority 60637ATN2 10000000.00000000 PA USD 11817033.00000000 2.396353521456 Long DBT MUN US N 2 2046-07-01 Fixed 4.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034XYM8 -12000000.00000000 PA USD -12000000.00000000 -2.43345704945 Short DBT MUN US Y 2 2028-11-01 Floating 0.15000000 N N N N N N New Memphis Arena Public Bldg Auth Tn N/A New Memphis Arena Public Building Authority 64704CAP3 1000000.00000000 PA USD 549525.30000000 0.111437184594 Long DBT MUN US N 2 2045-04-01 None 0.00000000 N N N N N N Nuveen Dynamic Municipal Opportunities Fund 549300U0TWS55O2SJ275 Nuveen Dynamic Municipal Opportunities Fund 67079X102 625785.00000000 NS USD 10413062.40000000 2.111645008640 Long EC RF US N 1 N N N Broward Cnty Fl Tourist Dev Tax Revenue N/A County of Broward FL Tourist Development Tax Revenue 115085AW2 10000000.00000000 PA USD 11746126.00000000 2.381974426539 Long DBT MUN US N 2 2047-09-01 Fixed 4.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034XYR7 -9375000.00000000 PA USD -9375000.00000000 -1.90113831988 Short DBT MUN US Y 2 2028-05-15 Floating 0.26000000 N N N N N N Eaton Vance Municipal Bond Fund 5493006Q4EBOXVQBQD12 Eaton Vance Municipal Bond Fund 27827X101 470236.00000000 NS USD 6385804.88000000 1.294965158472 Long EC RF US N 1 N N N Nuveen New York Amt-free Quality Municipal Income Fund 549300V4X2BF3UXSCQ58 Nuveen New York AMT-Free Quality Municipal Income Fund 670656107 1477049.00000000 NS USD 20368505.71000000 4.130490317237 Long EC RF US N 1 N N N Blackrock Muniyield California Quality Fund Inc IYIUSPF2WPGE9ZQM0H74 BlackRock MuniYield California Quality Fund, Inc. 09254N103 84589.00000000 NS USD 1344965.10000000 0.272742900322 Long EC RF US N 1 N N N Eaton Vance California Municipal Income Trust 5493000EWT76UUJKIW67 Eaton Vance California Municipal Income Trust 27826F101 93457.00000000 NS USD 1265407.78000000 0.256609623556 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States 5493003476LG35QAKM08 Tender Option Bond Trust Receipts/Certificates 88034XXX5 -11200000.00000000 PA USD -11200000.00000000 -2.27122657949 Short DBT MUN US Y 2 2051-05-15 Floating 0.18000000 N N N N N N Nuveen California Quality Municipal Income Fund 549300ZT6V9X5U9BHR46 Nuveen California Quality Municipal Income Fund 67066Y105 1106625.00000000 NS USD 17307615.00000000 3.509778144249 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States 5493003476LG35QAKM08 Tender Option Bond Trust Receipts/Certificates 88034XYD8 -11155000.00000000 PA USD -11155000.00000000 -2.26210111555 Short DBT MUN US Y 2 2048-03-15 Floating 0.13000000 N N N N N N Indianapolis In Local Public Impt Bond Bank 549300LX8ESJHDSESB87 Indianapolis Local Public Improvement Bond Bank 45528UT50 15000000.00000000 PA USD 17908795.50000000 3.631690388059 Long DBT MUN US N 2 2039-06-01 Fixed 4.00000000 N N N N N N Illinois St 54930048FV8RWPR02D67 State of Illinois 452153AW9 13600000.00000000 PA USD 16900008.72000000 3.427120446293 Long DBT MUN US N 2 2046-03-01 Fixed 5.00000000 N N N N N N Nuveen Pennsylvania Quality Municipal Income Fund 5493000C1CS4Q000GF67 Nuveen Pennsylvania Quality Municipal Income Fund 670972108 105184.00000000 NS USD 1567241.60000000 0.317817926643 Long EC RF US N 1 N N N Blackrock Municipal 2030 Target Term Trust 549300TDIJ2J8F6X3N04 BlackRock Municipal 2030 Target Term Trust 09257P105 317670.00000000 NS USD 8237183.10000000 1.670402606861 Long EC RF US N 1 N N N Howard University K51157D64JPMRRMNLC27 Howard University 442851BG5 2000000.00000000 PA USD 2198679.00000000 0.445865909336 Long DBT CORP US N 2 2051-10-01 Fixed 4.75600000 N N N N N N Dws Municipal Income Trust TEL2CK71Z3LE1OCHIB43 DWS Municipal Income Trust 233368109 1033343.00000000 NS USD 12214114.26000000 2.476876870736 Long EC RF US N 1 N N N Chicago Il Transit Auth Sales Tax Recpts Revenue 549300CB8XLRGIPN3E12 Chicago Transit Authority Sales Tax Receipts Fund 16772PCC8 6700000.00000000 PA USD 7719252.24000000 1.565372398328 Long DBT MUN US N 2 2050-12-01 Fixed 4.00000000 N N N N N N Univ Of Wyoming Wy Univ Revenues N/A University of Wyoming 915268H66 5000000.00000000 PA USD 5920078.50000000 1.200521396595 Long DBT MUN US N 2 2046-06-01 Fixed 4.00000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States 5493003476LG35QAKM08 Tender Option Bond Trust Receipts/Certificates 88034XYH9 -24000000.00000000 PA USD -24000000.00000000 -4.86691409890 Short DBT MUN US Y 2 2047-03-01 Floating 0.13000000 N N N N N N WESTERN ASSET INTER MUNI FD INC 5493000MG5MROBD48K57 Western Asset Intermediate Municipal Fund 958435109 200386.00000000 NS USD 1931721.04000000 0.391730015197 Long EC RF US N 1 N N N Neuberger Berman California Municipal Fund Inc 5493003VDAWQHC3PB533 Neuberger Berman California Municipal Fund, Inc. 64123C101 82916.00000000 NS USD 1160824.00000000 0.235401278831 Long EC RF US N 1 N N N Nuveen California Municipal Va 549300TMONWV3LX8YU60 Nuveen California Municipal Value Fund 67062C107 135912.00000000 NS USD 1375429.44000000 0.278920705566 Long EC RF US N 1 N N N Gdb Debt Recovery Auth Of Cmwlth Puerto Rico N/A GDB Debt Recovery Authority of Puerto Rico 36829QAA3 1309000.00000000 PA USD 1250095.00000000 0.253504374186 Long DBT MUN PR N 2 2040-08-20 Fixed 7.50000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States 5493003476LG35QAKM08 Tender Option Bond Trust Receipts/Certificates 88034XWV0 -12000000.00000000 PA USD -12000000.00000000 -2.43345704945 Short DBT MUN US Y 2 2028-12-01 Floating 0.16000000 N N N N N N New York St Dorm Auth St Personal Income Tax Revenue 549300C8XO7EXTX2XU71 New York Dormitory State Personal Income Tax Education Series A 64990FYR9 13945000.00000000 PA USD 16327433.53000000 3.311009018589 Long DBT MUN US N 2 2048-03-15 Fixed 4.00000000 N N N N N N New Jersey St Transprtn Trust Fund Auth 549300YUVD5TEXR6L889 New Jersey State Transportation Trust Fund Authority, General Obligation Unlimited Bonds 6461367K1 5565000.00000000 PA USD 6916089.06000000 1.402500473142 Long DBT MUN US N 2 2045-06-15 Fixed 5.00000000 N N N N N N Nuveen New York Quality Municipal Income Fund 549300B795LQBEIHRS62 Nuveen New York Quality Municipal Income Fund 67066X107 326031.00000000 NS USD 4821998.49000000 0.977843851495 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034XXV9 -4175000.00000000 PA USD -4175000.00000000 -0.84664026512 Short DBT MUN US Y 2 2028-12-15 Floating 0.22000000 N N N N N N Lake Elsinore Ca Unif Sch Dist N/A Lake Elsinore Unified School District 50964EBL1 12330000.00000000 PA USD 13731044.34000000 2.784492220461 Long DBT MUN US N 2 2049-08-01 Fixed 4.00000000 N N N N N N Pioneer Municipal High Income Advantage Fund Inc UE8ZNXHQH48NNA19I459 Pioneer Municipal High Income Advantage Fund, Inc. 723762100 105397.00000000 NS USD 1217335.35000000 0.246861107417 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034XYF3 -11300000.00000000 PA USD -11300000.00000000 -2.29150538823 Short DBT MUN US Y 2 2055-07-01 Floating 0.13000000 N N N N N N Nuveen Ohio Quality Municipal Income Fund 549300YQTF12CXCN9E54 Nuveen Ohio Quality Municipal Income Fund 670980101 251618.00000000 NS USD 4018339.46000000 0.814871373836 Long EC RF US N 1 N N N Pioneer Municipal High Income Fund Trust 1SKUXW31ZFWF61CETQ82 Pioneer Municipal High Income Fund Trust 723763108 12033.00000000 NS USD 147163.59000000 0.029843022959 Long EC RF US N 1 N N N Guam Govt Wtrwks Auth Wtr & Wstwtr Sys Revenue N/A Guam Government Waterworks Authority 40065FDF8 2445000.00000000 PA USD 2996512.05000000 0.607656947653 Long DBT MUN GU N 2 2050-01-01 Fixed 5.00000000 N N N N N N Blackrock Muniyield Fund Inc AVXF9RZVI4EDWXACOH81 BlackRock MuniYield Fund, Inc. 09253W104 182755.00000000 NS USD 2686498.50000000 0.544789892764 Long EC RF US N 1 N N N Mfs Municipal Income Trust GV4WN51HRTKYT6CV5890 MFS Municipal Income Trust 552738106 1233664.00000000 NS USD 8635648.00000000 1.751206541850 Long EC RF US N 1 N N N Eaton Vance New York Municipal Bond Fund 5493003LD9U89XVQ7W91 Eaton Vance New York Municipal Bond Fund 27827Y109 300012.00000000 NS USD 3645145.80000000 0.739192145274 Long EC RF US N 1 N N N Nuveen Quality Municipal Income Fund 549300RDIO25ZNWCOA97 Nuveen Quality Municipal Income Fund 67066V101 1461380.99000000 NS USD 23542847.72000000 4.774209062371 Long EC RF US N 1 N N N Nuveen California Amt-free Quality Municipal Income Fund 5493005SR7RRUAG9VK19 Nuveen California AMT-Free Quality Municipal Income Fund 670651108 236114.00000000 NS USD 3737684.62000000 0.757957915597 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs Various States 5493003476LG35QAKM08 Tender Option Bond Trust Receipts/Certificates 88034XYT3 -11725000.00000000 PA USD -11725000.00000000 -2.37769032540 Short DBT MUN US Y 2 2027-12-01 Floating 0.13000000 N N N N N N Met Pier & Exposition Auth Il Dedicated St Tax Revenue 254900I3VDCQ58UGBR15 Metropolitan Pier & Exposition Authority 592248BB3 10000000.00000000 PA USD 5674167.00000000 1.150653473827 Long DBT MUN US N 2 2044-06-15 None 0.00000000 N N N N N N Univ Of Wyoming Wy Univ Revenues N/A University of Wyoming 915268H33 5000000.00000000 PA USD 5956180.50000000 1.207842452128 Long DBT MUN US N 2 2043-06-01 Fixed 4.00000000 N N N N N N Western Asset Municipal Partners Fund Inc 5493001Z97VQ69W5OH84 Western Asset Municipal Partners Fund, Inc. 95766P108 116476.00000000 NS USD 1812366.56000000 0.367526348468 Long EC RF US N 1 N N N Pennsylvania St Turnpike Commission Turnpike Revenue 549300J8LLBYEYEXZJ24 Pennsylvania Turnpike Commission Series A 709224S91 14660000.00000000 PA USD 18317039.62000000 3.714477432368 Long DBT MUN US N 2 2049-12-01 Fixed 5.00000000 N N N N N N Buckeye Oh Tobacco Settlement Fing Auth N/A Buckeye Tobacco Settlement Financing Authority 118217CZ9 2490000.00000000 PA USD 2893691.00000000 0.586806063574 Long DBT MUN US N 2 2055-06-01 Fixed 5.00000000 N N N N N N Nuveen Municipal High Income Opportunity Fund BN7VUB6JBYC7TTWZRZ58 Nuveen Municipal High Income Opportunity Fund 670682103 67677.00000000 NS USD 1023276.24000000 0.207508231647 Long EC RF US N 1 N N N Michigan St Fin Auth Revenue 54930022O46HOX5J1D14 Michigan Finance Authority Second Lien Distributable State Aid 59447TP72 15000000.00000000 PA USD 17337519.00000000 3.515842319216 Long DBT MUN US N 2 2055-11-01 Fixed 4.00000000 N N N N N N Nuveen Georgia Quality Municipal Income Fund 54930023QNPVRWXW1U13 Nuveen Georgia Quality Municipal Income Fund 67072B107 58751.00000000 NS USD 809594.66000000 0.164176152714 Long EC RF US N 1 N N N Chicago Il Brd Of Edu 54930099NR6T9V7LVB43 Chicago Board of Education 167505XK7 2250000.00000000 PA USD 2823820.88000000 0.572637235569 Long DBT MUN US N 2 2034-12-01 Fixed 5.00000000 N N N N N N Los Angeles Ca Dept Of Arpts Arpt Revenue N/A Los Angeles Department of Airports 544445SY6 14000000.00000000 PA USD 17693516.40000000 3.588034351101 Long DBT MUN US N 2 2051-05-15 Fixed 5.00000000 N N N N N N Western Asset Managed Municipals Fund Inc 549300HVO8EY2T8K4F73 Western Asset Managed Municipals Fund, Inc. 95766M105 619790.00000000 NS USD 8106853.20000000 1.643973255702 Long EC RF US N 1 N N N Chicago Il Park Dist 549300DNSTZGBZLIU409 Chicago Park District 167615L50 8795000.00000000 PA USD 8615195.02000000 1.747058921153 Long DBT MUN US N 2 2036-01-01 Fixed 2.77700000 N N N N N N Port Of Seattle Wa Revenue 549300T9UCDUJ3GZL429 Port of Seattle WA 735389R26 10000000.00000000 PA USD 12683143.00000000 2.571990311882 Long DBT MUN US N 2 2046-08-01 Fixed 5.00000000 N N N N N N Chicago Park District 549300DNSTZGBZLIU409 Chicago Park District 167615T94 15000000 PA USD 18444613.50000000 3.740347895502 Long DBT MUN US N 2 2044-01-01 Fixed 5.00000000 N N N N N N 2022-01-30 RiverNorth Flexible Municipal Income Fund II Inc. Jonathan M. Mohrhardt Jonathan M. Mohrhardt Treasurer & Chief Financial Officer