Tender Option Bond Trust Receipts/Certificates

NPORT-P false 0001817159 XXXXXXXX RiverNorth Flexible Municipal Income Fund II Inc. 811-23586 0001817159 549300U301TLYWQNC025 360 S. Rosemary Avenue Suite 1420 West Palm Beach 33401 561-484-7185 RiverNorth Flexible Municipal Income Fund II Inc. 549300U301TLYWQNC025 2024-06-30 2023-12-31 N 376299356.71 737390.32 375561966.39 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 2429299.78000000 USD N Securities Portfolio VaR N/A Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DZF5 -4500000.00000000 PA USD -4500000.00000000 -1.19820439839 Short DBT MUN US Y 2 2028-08-15 Floating 3.90000000 N N N N N N Blackrock Munivest Fund Inc 68LQJ5NLUNQI2T9OLL41 BlackRock MuniVest Fund, Inc. 09253R105 889002.00000000 NS USD 6329694.24000000 1.685392773086 Long EC RF US N 1 N N N Triborough Ny Bridge & Tunnel Auth Revenues 54930020ZN4LQF7K3456 Triborough Bridge & Tunnel Authority 89602RFZ3 7000000.00000000 PA USD 7570488.10000000 2.015776030988 Long DBT MUN US N 2 2049-11-15 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 88035AV73 -4000000.00000000 PA USD -4000000.00000000 -1.06507057635 Short DBT MUN US Y 2 2030-01-01 Floating 3.94000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88035AU58 -8840000.00000000 PA USD -8840000.00000000 -2.35380597374 Short DBT MUN US Y 2 2030-05-15 Floating 3.90000000 N N N N N N Blackrock Municipal Income Trust R3ITLLW1CUEQICP4XR90 BlackRock Municipal Income Trust 09248F109 682345.00000000 NS USD 6871214.15000000 1.829582003749 Long EC RF US N 1 N N N New York St Dorm Auth St Personal Income Tax Revenue 549300C8XO7EXTX2XU71 New York State Dormitory Authority 64990FX25 7650000.00000000 PA USD 8619803.51000000 2.295174773115 Long DBT MUN US N 2 2041-03-15 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 88035AZA2 -6000000.00000000 PA USD -6000000.00000000 -1.59760586453 Short DBT MUN US Y 2 2051-07-01 Floating 3.90000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DVM4 -6000000.00000000 PA USD -6000000.00000000 -1.59760586453 Short DBT MUN US Y 2 2030-05-15 Floating 3.93000000 N N N N N N Los Angeles Ca Dept Of Wtr & Pwr Wtrwks Revenue 549300S8NXV6YU61GG95 Los Angeles Department of Water & Power Water System Revenue 544525XF0 7375000.00000000 PA USD 7839136.78000000 2.087308482099 Long DBT MUN US N 2 2048-07-01 Fixed 5.00000000 N N N N N N Dtf Tax-free Income 2028 Term Fund Inc 549300UTPMUSB8BKGI82 DTF Tax-Free Income 2028 Term Fund, Inc. 23334J107 112565.00000000 NS USD 1210073.75000000 0.322203486586 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 109799.00000000 NS USD 1293432.22000000 0.344399150007 Long EC RF US N 1 N N N Blackrock Muniyield Michigan Quality Fund Inc J3H1DOS8Q2FL9RVLS329 BlackRock MuniYield Michigan Quality Fund, Inc. 09254V105 102998.00000000 NS USD 1170057.28000000 0.311548395394 Long EC RF US N 1 N N N Las Vegas Vly Nv Wtr Dist N/A Las Vegas Valley Water District 517845SF1 8955000.00000000 PA USD 9817327.99000000 2.614036795143 Long DBT MUN US N 2 2053-06-01 Fixed 5.00000000 N N N N N N Blackrock Muniholdings Fund Inc MZBVMGS24JR92TGE6Z32 BlackRock MuniHoldings Fund, Inc. 09253N104 822109.00000000 NS USD 9791318.19000000 2.607111226974 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 88035AR37 -8000000.00000000 PA USD -8000000.00000000 -2.13014115270 Short DBT MUN US Y 2 2026-03-01 Floating 3.90000000 N N N N N N Invesco Quality Municipal Income Trust WLEGDSEH0E242WVNUY02 Invesco Quality Municipal Income Trust 46133G107 65101.00000000 NS USD 619110.51000000 0.164849096928 Long EC RF US N 1 N N N Invesco Municipal Opportunity Trust WERC5RXCUSU16MOTZ848 Invesco Municipal Opportunity Trust 46132C107 265353.00000000 NS USD 2550042.33000000 0.678993763535 Long EC RF US N 1 N N N Blackrock Muniholdings California Quality Fund Inc NKJSRCJXMS5PZYPXY795 BlackRock MuniHoldings California Quality Fund, Inc. 09254L107 394038.00000000 NS USD 4385642.94000000 1.167754813448 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 88035AQ95 -9600000.00000000 PA USD -9600000.00000000 -2.55616938325 Short DBT MUN US Y 2 2044-05-01 Floating 3.11000000 N N N N N N Blackrock Muniyield Quality Fund Ii Inc PRQP520S3DVB025IWS24 BlackRock MuniYield Quality Fund II, Inc. 09254G108 198531.00000000 NS USD 2054795.85000000 0.547125650062 Long EC RF US N 1 N N N Invesco Pennsylvania Value Municipal Income Trust 549300S5KHBL3XISY922 Invesco Pennsylvania Value Municipal Income Trust 46132K109 2850.00000000 NS USD 28500.00000000 0.007588627856 Long EC RF US N 1 N N N Blackrock Liquidity Funds Municash 549300RWBJ885673DL84 BlackRock Liquidity Funds MuniCash 09248U841 4158062.44000000 NS USD 4158478.24000000 1.107268203959 Long STIV RF US N 1 N N N Clackamas Cnty Or Sch Dist #62c Oregon City N/A Oregon City School District No 62 179162HE5 10000000.00000000 PA USD 10600341.00000000 2.822527824607 Long DBT MUN US N 2 2049-06-15 Fixed 5.00000000 N N N N N N Blackrock Muniyield New York Quality Fund Inc 158AYFGDRFUGVL3TD012 BlackRock MuniYield New York Quality Fund, Inc. 09255E102 95719.00000000 NS USD 988777.27000000 0.263279394211 Long EC RF US N 1 N N N California Stwd Cmntys Dev Auth Revenue 549300KTNI2GCJNX2U48 California Statewide Communities Development Authority 13080SML5 2615000.00000000 PA USD 2623411.93000000 0.698529714075 Long DBT MUN US Y 2 2056-12-01 Fixed 5.25000000 N N N N N N Nuveen Municipal Credit Income Fund 54930078DL3R0VSYW338 Nuveen Municipal Credit Income Fund 67070X101 317239.00000000 NS USD 3749764.98000000 0.998441087111 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 -200380859.38000000 -53.3549393475 N/A DIR CORP US N 1 Wells Fargo N/A Short US 10 Yr Note Future US 10 Yr Note Future 2024-03-19 -200380859.38000000 USD -6440621.18000000 N N N Blackrock Muniholdings New York Quality Fund Inc YP1D2S6Y4JY0A7W3DV93 BlackRock MuniHoldings New York Quality Fund, Inc. 09255C106 93326.00000000 NS USD 980856.26000000 0.261170285539 Long EC RF US N 1 N N N Massachusetts St Sch Bldg Auth Sales Tax Revenue N/A Massachusetts School Building Authority 576000YW7 6000000.00000000 PA USD 6568481.40000000 1.748974067618 Long DBT MUN US N 2 2045-08-15 Fixed 5.00000000 N N N N N N Bny Mellon Strategic Municipal Bond Fund Inc 54930044KK4C1VDJ7M52 BNY Mellon Strategic Municipal Bond Fund, Inc. 09662E109 238928.00000000 NS USD 1364278.88000000 0.363263323257 Long EC RF US N 1 N N N Blackrock Muniassets Fund Inc UJYLDIG1NIEEIV3PO802 BlackRock MuniAssets Fund, Inc. 09254J102 211894.00000000 NS USD 2243957.46000000 0.597493266309 Long EC RF US N 1 N N N Blackrock Muniyield Quality Fund Iii Inc UB5J2GS6Q51M6A2L8886 BlackRock MuniYield Quality Fund III, Inc. 09254E103 380031.00000000 NS USD 4423560.84000000 1.177851123350 Long EC RF US N 1 N N N Mfs Investment Grade Municipal Trust TQV30XJRB3S7V50XRW52 MFS Investment Grade Municipal Trust 59318B108 224172.00000000 NS USD 1696982.04000000 0.451851409851 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DBK0 -11200000.00000000 PA USD -11200000.00000000 -2.98219761379 Short DBT MUN US Y 2 2051-05-15 Floating 3.95000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88035EBS1 -6000000.00000000 PA USD -6000000.00000000 -1.59760586453 Short DBT MUN US Y 2 2052-12-01 Floating 3.99000000 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 1098383.92000000 0.292464098683 Long DBT MUN US N 2 2034-07-01 Fixed 4.00000000 N N N N N N Blackrock Munivest Fund Ii Inc TC1SINW7C50S8NN8GU32 BlackRock MuniVest Fund II, Inc. 09253T101 624706.00000000 NS USD 6728083.62000000 1.791470974729 Long EC RF US N 1 N N N Greater Clark In Bldg Corp N/A Greater Clark Building Corp. 39167GJT9 4250000.00000000 PA USD 5092307.93000000 1.355916835495 Long DBT MUN US N 2 2042-01-15 Fixed 6.00000000 N N N N N N Sacramento Ca Wtr Revenue N/A City of Sacramento CA Water Revenue 786089HY1 10000000.00000000 PA USD 10607406.00000000 2.824409005512 Long DBT MUN US N 2 2047-09-01 Fixed 5.25000000 N N N N N N Lower Colorado River Tx Auth Transmission Contract Revenue 549300QJFPW2NNBYR215 Lower Colorado River Authority 54811BB83 4500000.00000000 PA USD 5087358.90000000 1.354599068936 Long DBT MUN US N 2 2048-05-15 Fixed 5.50000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DDD4 -3600000.00000000 PA USD -3600000.00000000 -0.95856351871 Short DBT MUN US Y 2 2047-08-01 Floating 3.90000000 N N N N N N Nuveen New York Municipal Value Fund 549300NZ3QOSIW1ZM615 Nuveen New York Municipal Value Fund 67062M105 130363.00000000 NS USD 1079405.64000000 0.287410796778 Long EC RF US N 1 N N N Invesco Municipal Trust GKS5Y4B1VKHV66WSPK53 Invesco Municipal Trust 46131J103 565338.00000000 NS USD 5387671.14000000 1.434562501572 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 88035GH50 -8000000.00000000 PA USD -8000000.00000000 -2.13014115270 Short DBT MUN US Y 2 2049-06-15 Floating 3.91000000 N N N N N N Pimco California Municipal Income Fund Iii BVT0QWDJNZ8WI4XN5U25 PIMCO California Municipal Income Fund III 72201C109 159647.00000000 NS USD 1176598.39000000 0.313290081343 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 88035FW71 11400000.00000000 PA USD 11400000.00000000 3.035451142611 Long DBT MUN US Y 2 2026-10-01 Floating 4.42000000 N N N N N N Invesco Trust For Investment Grade Municipals V0VF67S6NRLBDK357F71 Invesco Trust for Investment Grade Municipals 46131M106 739724.00000000 NS USD 7315870.36000000 1.947979565215 Long EC RF US N 1 N N N Pimco California Municipal Income Fund Ii 1R86W760D611I8RHLX24 PIMCO California Municipal Income Fund II 72200M108 154786.00000000 NS USD 897758.80000000 0.239044120635 Long EC RF US N 1 N N N Los Angeles Ca Dept Of Arpts Arpt Revenue N/A City of Los Angeles Department of Airports 544445A33 14000000.00000000 PA USD 14761126.80000000 3.930410457131 Long DBT MUN US N 2 2051-05-15 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 88035GF60 -6400000.00000000 PA USD -6400000.00000000 -1.70411292216 Short DBT MUN US Y 2 2028-09-01 Floating 3.92000000 N N N N N N Pimco Municipal Income Fund Iii SJUC6WH3GDYFFYIHMV67 PIMCO Municipal Income Fund III 72201A103 9625.00000000 NS USD 71128.75000000 0.018939284689 Long EC RF US N 1 N N N Blackrock Muniholdings Quality Fund Ii Inc V04K6JK5YHD4O5SHSC34 BlackRock MuniHoldings Quality Fund II, Inc. 09254C107 408630.00000000 NS USD 4094472.60000000 1.090225572987 Long EC RF US N 1 N N N Hawaii St Arpts Sys Revenue N/A State of Hawaii Airports System Revenue 419794A51 15000000.00000000 PA USD 15415596.00000000 4.104674429143 Long DBT MUN US N 2 2048-07-01 Fixed 5.00000000 N N N N N N Bny Mellon Strategic Municipals Inc 549300FH0LKMOBY7N332 BNY Mellon Strategic Municipals, Inc. 05588W108 465429.00000000 NS USD 2727413.94000000 0.726222084258 Long EC RF US N 1 N N N Pimco Municipal Income Fund Ii ZVT714KPY3QTZWRT1S41 PIMCO Municipal Income Fund II 72200W106 67829.00000000 NS USD 562980.70000000 0.149903544656 Long EC RF US N 1 N N N Sacramento City Ca Unif Sch Dist N/A Sacramento City Unified School District 785870E85 4500000.00000000 PA USD 5065506.00000000 1.348780348737 Long DBT MUN US N 2 2047-08-01 Fixed 5.50000000 N N N N N N Grant Cnty Wa N/A County of Grant WA 387802FN6 10000000.00000000 PA USD 10934026.00000000 2.911377343425 Long DBT MUN US N 2 2057-12-01 Fixed 5.25000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DBS3 -5250000.00000000 PA USD -5250000.00000000 -1.39790513146 Short DBT MUN US Y 2 2047-08-01 Floating 3.95000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88034YT67 -5400000.00000000 PA USD -5400000.00000000 -1.43784527807 Short DBT MUN US Y 2 2047-09-01 Floating 3.92000000 N N N N N N Blackrock Muniyield Quality Fund Inc TFKEE3VA3GBE5LOK5U77 BlackRock MuniYield Quality Fund, Inc. 09254F100 883750.00000000 NS USD 10772912.50000000 2.868478031349 Long EC RF US N 1 N N N Chicago Il O'hare International Arpt Revenue T5UYO5SYLC8K73MJQX30 Chicago O'Hare International Airport 167593X56 15000000.00000000 PA USD 16284046.50000000 4.335914697786 Long DBT MUN US N 2 2045-01-01 Fixed 5.25000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 US Long Bond Future N/A -675.00000000 NC USD -84332812.50000000 -22.4550993037 N/A DIR CORP US N 1 J.P. Morgan 7H6GLXDRUGQFU57RNE97 Short US Long Bond Future US Long Bond Future 2024-03-19 -84332812.50000000 USD -5965810.31000000 N N N Blackrock Muniholdings New Jersey Quality Fund Inc FDX8Y56FK6PN1WE5XX39 BlackRock MuniHoldings New Jersey Quality Fund, Inc. 09254X101 53455.00000000 NS USD 609921.55000000 0.162402374197 Long EC RF US N 1 N N N Nuveen Municipal Value Fund Inc 549300TFLBQ7LJSP8B20 Nuveen Municipal Value Fund, Inc. 670928100 1275995.00000000 NS USD 10973557.00000000 2.921903169663 Long EC RF US N 1 N N N Univ Of California Ca Rgts Med Center Pooled Revenue N/A Regents of the University of California Medical Center Pooled Revenue 913366KS8 1000000.00000000 PA USD 1118955.40000000 0.297941618198 Long DBT MUN US N 2 2047-05-15 Fixed 5.00000000 N N N N N N Invesco Advantage Municipal Income Trust Ii DA89O2CSN0WUDR74HM71 Invesco Advantage Municipal Income Trust II 46132E103 296288.00000000 NS USD 2503633.60000000 0.666636620333 Long EC RF US N 1 N N N Abrdn National Municipal Income Fund NIC7ULNUGCUI836YP119 abrdn National Municipal Income Fund 24610T108 101010.00000000 NS USD 1031312.10000000 0.274605043187 Long EC RF US N 1 N N N Blackrock California Municipal Income Trust LE6236HQD6DXEGUHE217 BlackRock California Municipal Income Trust 09248E102 135495.00000000 NS USD 1630004.85000000 0.434017551262 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 88035GZY7 -5600000.00000000 PA USD -5600000.00000000 -1.49109880689 Short DBT MUN US Y 2 2053-11-01 Floating 3.89000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DXC4 -10200000.00000000 PA USD -10200000.00000000 -2.71592996970 Short DBT MUN US Y 2 2039-05-01 Floating 3.13000000 N N N N N N Broward Cnty Fl Sch Dist 5493006KVNQDJ1D0OD92 School District of Broward County 115067MC1 7500000.00000000 PA USD 8270632.50000000 2.202201830898 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 88035GUV8 -6715000.00000000 PA USD -6715000.00000000 -1.78798723005 Short DBT MUN US Y 2 2053-06-01 Floating 3.11000000 N N N N N N Chicago Il Park Dist 549300DNSTZGBZLIU409 Chicago Park District 167615Z22 15000000.00000000 PA USD 15889392.00000000 4.230830973842 Long DBT MUN US N 2 2044-01-01 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 88035GR59 -1400000.00000000 PA USD -1400000.00000000 -0.37277470172 Short DBT MUN US Y 2 2039-07-01 Floating 4.17000000 N N N N N N New York Ny 549300ABYZD2SFD5JB29 City of New York NY 64966QC40 12000000.00000000 PA USD 13991929.20000000 3.725598024340 Long DBT MUN US N 2 2044-05-01 Fixed 5.50000000 N N N N N N Cleveland-cuyahoga Cnty Oh Port Auth 549300KI3FXFLUKF3A98 Cleveland-Cuyahoga County Port Authority 186103LR6 7000000.00000000 PA USD 7607667.90000000 2.025675808742 Long DBT MUN US N 2 2047-08-01 Fixed 5.50000000 N N N N N N Nuveen Amt-free Quality Municipal Income Fund 549300OTYQOOXS64NI63 Nuveen AMT-Free Quality Municipal Income Fund 670657105 985423.00000000 NS USD 10839653.00000000 2.886248867049 Long EC RF US N 1 N N N South Carolina St Public Svc Auth Revenue EMBXY64GWKA9MZGFUD26 South Carolina Public Service Authority 837151U49 7500000.00000000 PA USD 8442215.25000000 2.247888765507 Long DBT MUN US N 2 2052-12-01 Fixed 5.75000000 N N N N N N Alliancebernstein National Municipal Income Fund Inc MNYPOOOZYY8V01GEIT28 AllianceBernstein National Municipal Income Fund, Inc. 01864U106 393041.00000000 NS USD 4260564.44000000 1.134450455927 Long EC RF US N 1 N N N California St Univ Revenue N/A California State University 13077DSY9 7000000.00000000 PA USD 8039581.20000000 2.140680345584 Long DBT MUN US N 2 2053-11-01 Fixed 5.25000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035D3Z6 -4000000.00000000 PA USD -4000000.00000000 -1.06507057635 Short DBT MUN US Y 2 2029-12-01 Floating 3.90000000 N N N N N N Nuveen Amt-free Municipal Value Fund 5493002K5IM2S29FUR04 Nuveen AMT-Free Municipal Value Fund 670695105 148148.00000000 NS USD 2019257.24000000 0.537662868103 Long EC RF US N 1 N N N New Jersey St Transprtn Trust Fund Auth 549300YUVD5TEXR6L889 New Jersey Transportation Trust Fund Authority 6461367M7 5565000.00000000 PA USD 5937376.97000000 1.580931377868 Long DBT MUN US N 2 2050-06-15 Fixed 5.00000000 N N N N N N Salt Lake City Ut Arpt Revenue 549300CRGKV67DRSGT85 City of Salt Lake City UT Airport Revenue 795576HK6 1750000.00000000 PA USD 1814819.13000000 0.483227614192 Long DBT MUN US N 2 2043-07-01 Fixed 5.00000000 N N N N N N Triborough Ny Bridge & Tunnel Auth Payroll Mobility Tax 54930020ZN4LQF7K3456 Triborough Bridge & Tunnel Authority 89602HDR5 11050000.00000000 PA USD 12309721.00000000 3.277680410059 Long DBT MUN US N 2 2052-05-15 Fixed 5.25000000 N N N N N N S Estrn Pa Transprtn Auth 98450061A2F3FD36E493 Southeastern Pennsylvania Transportation Authority 842039FQ7 5000000.00000000 PA USD 5602279.50000000 1.491705763991 Long DBT MUN US N 2 2047-06-01 Fixed 5.25000000 N N N N N N Broward Cnty Fl Tourist Dev Tax Revenue N/A County of Broward FL Tourist Development Tax Revenue 115085AW2 9000000.00000000 PA USD 8867310.30000000 2.361077822984 Long DBT MUN US N 2 2047-09-01 Fixed 4.00000000 N N N N N N Nuveen Amt-free Municipal Credit Income Fund 549300LBMO1C0IG71T03 Nuveen AMT-Free Municipal Credit Income Fund 67071L106 659452.00000000 NS USD 7794722.64000000 2.075482433677 Long EC RF US N 1 N N N Eaton Vance Municipal Bond Fund 5493006Q4EBOXVQBQD12 Eaton Vance Municipal Bond Fund 27827X101 1038501.00000000 NS USD 10520015.13000000 2.801139644443 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 83090.00000000 NS USD 874937.70000000 0.232967600103 Long EC RF US N 1 N N N Gtr Asheville Regl Arpt Auth Nc Arpt Sys Revenue N/A Greater Asheville Regional Airport Authority 39160CAT4 5000000.00000000 PA USD 5477006.50000000 1.458349617413 Long DBT MUN US N 2 2052-07-01 Fixed 5.50000000 N N N N N N Hampton Roads Va Transprtn Accountability Commission N/A Hampton Roads Transportation Accountability Commission 409328AW1 10000000.00000000 PA USD 10860890.00000000 2.891903593006 Long DBT MUN US N 2 2060-07-01 Fixed 5.25000000 N N N N N N RHODE ISLAND ST HEALTH & EDL BLDG CORP N/A Rhode Island Health & Educational Facility Revenue Bonds 762196X57 7500000.00000000 PA USD 8444419.50000000 2.248475685962 Long DBT MUN US N 2 2052-05-15 Fixed 5.50000000 N N N N N N Pennsylvania St Turnpike Commission Turnpike Revenue 549300J8LLBYEYEXZJ24 Pennsylvania Turnpike Commission 709225AX4 14000000.00000000 PA USD 15034426.40000000 4.003181297753 Long DBT MUN US N 2 2050-12-01 Fixed 5.00000000 N N N N N N Nuveen California Quality Municipal Income Fund 549300ZT6V9X5U9BHR46 Nuveen California Quality Municipal Income Fund 67066Y105 470497.00000000 NS USD 5217811.73000000 1.389334436645 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DAU9 -9000000.00000000 PA USD -9000000.00000000 -2.39640879679 Short DBT MUN US Y 2 2048-07-01 Floating 4.17000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88035AXT3 -3400000.00000000 PA USD -3400000.00000000 -0.90530998990 Short DBT MUN US Y 2 2029-07-15 Floating 3.93000000 N N N N N N Nuveen Pennsylvania Quality Municipal Income Fund 5493000C1CS4Q000GF67 Nuveen Pennsylvania Quality Municipal Income Fund 670972108 30532.00000000 NS USD 353560.56000000 0.094141737353 Long EC RF US N 1 N N N Blackrock Municipal 2030 Target Term Trust 549300TDIJ2J8F6X3N04 BlackRock Municipal 2030 Target Term Trust 09257P105 616224.00000000 NS USD 12817459.20000000 3.412874664387 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 88035GZ84 -8000000.00000000 PA USD -8000000.00000000 -2.13014115270 Short DBT MUN US Y 2 2029-01-01 Floating 3.90000000 N N N N N N Blackrock Municipal Income Trust Ii 17UVWS2OK706BUPLKK60 BlackRock Municipal Income Trust II 09249N101 873980.00000000 NS USD 9334106.40000000 2.485370520801 Long EC RF US N 1 N N N Dws Municipal Income Trust TEL2CK71Z3LE1OCHIB43 DWS Municipal Income Trust 233368109 258338.00000000 NS USD 2296624.82000000 0.611516880177 Long EC RF US N 1 N N N Michigan St Trunk Line CADMV8WVNQO7XM117W54 State of Michigan Trunk Line Revenue 5946954N5 10000000.00000000 PA USD 11865633.00000000 3.159434144531 Long DBT MUN US N 2 2044-11-15 Fixed 5.50000000 N N N N N N Western Asset Intermediate Muni Fund 5493000MG5MROBD48K57 Western Asset Intermediate Municipal Fund 958435109 158122.00000000 NS USD 1217539.40000000 0.324191347623 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DZH1 -5735000.00000000 PA USD -5735000.00000000 -1.52704493884 Short DBT MUN US Y 2 2030-03-15 Floating 3.90000000 N N N N N N Nuveen California Municipal Va 549300TMONWV3LX8YU60 Nuveen California Municipal Value Fund 67062C107 82212.00000000 NS USD 736619.52000000 0.196137944180 Long EC RF US N 1 N N N Mfs High Income Municipal Trust 0G9TCUWY2FBUXSJY2691 MFS High Income Municipal Trust 59318D104 278893.00000000 NS USD 990070.15000000 0.263623646323 Long EC RF US N 1 N N N Pimco California Municipal Income Fund M4DHYCROG6SFNO22X437 PIMCO California Municipal Income Fund 72200N106 84561.00000000 NS USD 788108.52000000 0.209847798906 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DDG7 -8000000.00000000 PA USD -8000000.00000000 -2.13014115270 Short DBT MUN US Y 2 2046-08-01 Floating 4.01000000 N N N N N N Puerto Rico Cmwlth 549300X44HXPLJU48U63 Commonwealth of Puerto Rico 74514L3L9 1200000.00000000 PA USD 1163377.92000000 0.309769897943 Long DBT MUN PR N 2 2035-07-01 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 88035G5B0 -5900000.00000000 PA USD -5900000.00000000 -1.57097910012 Short DBT MUN US Y 2 2048-07-01 Floating 3.89000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88035AE64 -7500000.00000000 PA USD -7500000.00000000 -1.99700733066 Short DBT MUN US Y 2 2052-08-01 Floating 3.14000000 N N N N N N Blackrock New York Municipal Income Trust PJKTUMDJPIZ89SB71052 BlackRock New York Municipal Income Trust 09248L106 59776.00000000 NS USD 629441.28000000 0.167599846717 Long EC RF US N 1 N N N Blackrock Municipal Income Quality Trust ZQ1Z8W71OQGQTC6ZJ410 BlackRock Municipal Income Quality Trust 092479104 234621.00000000 NS USD 2630101.41000000 0.700310906155 Long EC RF US N 1 N N N Blackrock Investment Quality Municipal Trust Inc/the HIQUII1IK2OOB2XHIJ72 Blackrock Investment Quality Municipal Trust, Inc. 09247D105 370782.00000000 NS USD 4397474.52000000 1.170905180380 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 -1.11166741407 Short DBT MUN US Y 2 2028-12-15 Floating 4.17000000 N N N N N N Matching Fund Spl Purpose Securitiztn Corp N/A Matching Fund Special Purpose Securitization Corp. 57665NAG0 2665000.00000000 PA USD 2679801.68000000 0.713544479958 Long DBT MUN VI N 2 2039-10-01 Fixed 5.00000000 N N N N N N Kentucky Bond Dev Corp Indl Bldg Revenue N/A Kentucky Bond Development Corp. 491211BQ0 8000000.00000000 PA USD 8559696.80000000 2.279170301049 Long DBT MUN US N 2 2044-09-01 Fixed 5.00000000 N N N N N N Pioneer Municipal High Income Advantage Fund Inc UE8ZNXHQH48NNA19I459 Pioneer Municipal High Income Advantage Fund, Inc. 723762100 63067.00000000 NS USD 505797.34000000 0.134677466108 Long EC RF US N 1 N N N Blackrock Muniyield Fund Inc AVXF9RZVI4EDWXACOH81 BlackRock MuniYield Fund, Inc. 09253W104 1373865.00000000 NS USD 14810264.70000000 3.943494289999 Long EC RF US N 1 N N N Mfs Municipal Income Trust GV4WN51HRTKYT6CV5890 MFS Municipal Income Trust 552738106 72720.00000000 NS USD 375962.40000000 0.100106622513 Long EC RF US N 1 N N N Port Auth Of New York & New Jersey Ny 54930006MR4KZ4W74Z83 Port Authority of New York & New Jersey 73358XFS6 10000000.00000000 PA USD 10931293.00000000 2.910649633953 Long DBT MUN US N 2 2052-08-01 Fixed 5.50000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88035AS28 -9335000.00000000 PA USD -9335000.00000000 -2.48560845756 Short DBT MUN US Y 2 2028-12-01 Floating 3.90000000 N N N N N N Nuveen Quality Municipal Income Fund 549300RDIO25ZNWCOA97 Nuveen Quality Municipal Income Fund 67066V101 1469643.00000000 NS USD 16827412.35000000 4.480595442544 Long EC RF US N 1 N N N Blackrock Municipal Income Fund Inc W7IEW9KTXVCYG8ZQQV11 BlackRock Municipal Income Fund, Inc. 09253X102 666617.00000000 NS USD 7759421.88000000 2.066082983478 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DNS0 -8000000.00000000 PA USD -8000000.00000000 -2.13014115270 Short DBT MUN US Y 2 2057-12-01 Floating 3.91000000 N N N N N N San Francisco Calif City &cnty Arpts Commn Intl Arpt Rev 54930055TIDYHNDP4F84 San Francisco City & County Airport Comm-San Francisco International Airport 79766DGF0 6900000.00000000 PA USD 6980650.65000000 1.858721402782 Long DBT MUN US N 2 2046-05-01 Fixed 5.00000000 N N N N N N Port Of Seattle Wa Revenue 549300T9UCDUJ3GZL429 Port of Seattle WA 735389S33 10000000.00000000 PA USD 10596487.00000000 2.821501629106 Long DBT MUN US N 2 2046-08-01 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 88035GGN2 -5600000.00000000 PA USD -5600000.00000000 -1.49109880689 Short DBT MUN US Y 2 2029-05-15 Floating 4.35000000 N N N N N N Illinois St 54930048FV8RWPR02D67 State of Illinois 4521526L0 13600000.00000000 PA USD 15065440.80000000 4.011439428974 Long DBT MUN US N 2 2039-05-01 Fixed 5.50000000 N N N N N N Met Washington Dc Arpts Auth Arpt Sys Revenue 7HERAVJJLN8J1DZ6AZ19 Metropolitan Washington Airports Authority Aviation Revenue 592647FN6 9660000.00000000 PA USD 10077610.49000000 2.683341603216 Long DBT MUN US N 2 2043-10-01 Fixed 5.00000000 N N N N N N Invesco Value Municipal Income Trust X075VJ33QQP2G2NTOV20 Invesco Value Municipal Income Trust 46132P108 13987.00000000 NS USD 164067.51000000 0.043685869359 Long EC RF US N 1 N N N Met Pier & Exposition Auth Il Dedicated St Tax Revenue 254900I3VDCQ58UGBR15 Metropolitan Pier & Exposition Authority 592248BA5 10000000.00000000 PA USD 4481583.00000000 1.193300547198 Long DBT MUN US N 2 2043-06-15 None 0.00000000 N N N N N N Western Asset Municipal High Income Fund Inc 549300V8S0EC6SV7H926 Western Asset Municipal High Income Fund, Inc. 95766N103 348170.00000000 NS USD 2235251.40000000 0.595175124224 Long EC RF US N 1 N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DAS4 -7725000.00000000 PA USD -7725000.00000000 -2.05691755058 Short DBT MUN US Y 2 2027-04-01 Floating 3.93000000 N N N N N N Neuberger Berman Municipal Fund Inc 549300IIZWX8QVUHXO20 Neuberger Berman Municipal Fund, Inc. 64124P101 284073.00000000 NS USD 2940155.55000000 0.782868291552 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 88035GMW5 -7500000.00000000 PA USD -7500000.00000000 -1.99700733066 Short DBT MUN US Y 2 2044-11-15 Floating 3.90000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DSM8 -12000000.00000000 PA USD -12000000.00000000 -3.19521172906 Short DBT MUN US Y 2 2030-01-01 Floating 4.12000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs Various States N/A Tender Option Bond Trust Receipts/Certificates 88035APQ8 -4600000.00000000 PA USD -4600000.00000000 -1.22483116280 Short DBT MUN US Y 2 2046-05-01 Floating 3.16000000 N N N N N N Tender Option Bond Trust Receipts / Ctfs N/A Tender Option Bond Trust Receipts/Certificates 88035DNG6 -12000000.00000000 PA USD -12000000.00000000 -3.19521172906 Short DBT MUN US Y 2 2028-07-01 Floating 3.95000000 N N N N N N Western Asset Managed Municipals Fund Inc 549300HVO8EY2T8K4F73 Western Asset Managed Municipals Fund, Inc. 95766M105 923887.00000000 NS USD 9395930.79000000 2.501832355474 Long EC RF US N 1 N N N 2024-01-30 RiverNorth Flexible Municipal Income Fund II Inc. Jonathan M. Mohrhardt Jonathan M. Mohrhardt Treasurer & Chief Financial Officer