Long: SS30EP8 IRS USD R F 2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8 IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO

NPORT-P false 0000899774 XXXXXXXX S000010357 C000028651 C000028649 AB MUNICIPAL INCOME FUND II 811-07618 0000899774 549300NQ4217TS0L9K86 ALLIANCEBERNSTEIN LP 66 Hudson Boulevard East NEW YORK 10001 212-969-1000 AB Minnesota Portfolio S000010357 1NA9RZFIVS3SMF8V5D12 2025-05-31 2025-02-28 N 26229925.04 159632.22 26070292.82 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 175631.66000000 USD N Bloomberg Municipal Bond Unhedged LMBITR:IND LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS30EP8 IRS USD R F 2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8 IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO 000000000 980000.00000000 OU Notional Amount USD -1764.41000000 -0.00676789483 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2028-10-15 0.00000000 USD 0.00000000 USD 980000.00000000 USD -1764.41000000 N N N Minnesota Higher Education Facilities Authority 549300DI4V4CIPMX7K35 MINNESOTA ST HGR EDU FACS AUTH REVENUE 60416JCZ1 1000000.00000000 PA USD 864309.70000000 3.315304918005 Long DBT MUN US N 2 2041-10-01 Fixed 3.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: BS31F03 IRS USD R V 12MUSCPI IS31F14 CCPINFLATIONZERO / Short: BS31F03 IRS USD P F 2.48500 IS31F03 CCPINFLATIONZERO 000000000 800000.00000000 OU Notional Amount USD 3358.43000000 0.012882210503 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2029-10-15 0.00000000 USD 0.00000000 USD 800000.00000000 USD 3358.43000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS2N4T2 IRS USD R F 3.07500 IS2N4T2 CCPOIS / Short: SS2N4T2 IRS USD P V 00MSOFR IS2N4U3 CCPOIS 000000000 710000.00000000 OU Notional Amount USD -33456.66000000 -0.12833250562 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2030-04-30 0.00000000 USD 0.00000000 USD 710000.00000000 USD -33456.66000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: BS30759 IRS USD R V 12MUSCPI IS30760 CCP INFLATION ZERO / Short: BS30759 IRS USD P F 2.45000 BS30759 CCP INFLATION ZERO 000000000 666000.00000000 OU Notional Amount USD 3838.92000000 0.014725266135 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2029-10-15 0.00000000 USD 0.00000000 USD 666000.00000000 USD 3838.92000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS2T177 IRS USD R F 3.57950 IS2T177 CCPOIS / Short: SS2T177 IRS USD P V 00MSOFR IS2T188 CCPOIS 000000000 200000.00000000 OU Notional Amount USD -2040.67000000 -0.00782756839 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2031-01-08 0.00000000 USD 0.00000000 USD 200000.00000000 USD -2040.67000000 N N N City of Hermantown MN N/A HERMANTOWN MN 427500VS9 1035000.00000000 PA USD 1044388.17000000 4.006046948574 Long DBT MUN US N 2 2041-02-01 Fixed 4.00000000 N N N N N N Minneapolis Special School District No 1 N/A MINNEAPOLIS MN SPL SCH DIST #1 603790KL9 1000000.00000000 PA USD 1042083.70000000 3.997207500487 Long DBT MUN US N 2 2031-02-01 Fixed 5.00000000 N N N N N N South Washington County Independent School District No 833/MN N/A SOUTH WASHINGTON CNTY MN INDEP SCH DIST #833 840610VB2 1000000.00000000 PA USD 1108888.50000000 4.253456252510 Long DBT MUN US N 2 2038-02-01 Fixed 5.00000000 N N N N N N Cloquet Independent School District No 94 N/A CLOQUET MN INDEP SCH DIST #94 189036NS1 1200000.00000000 PA USD 1200207.12000000 4.603734711714 Long DBT MUN US N 2 2031-02-01 Fixed 5.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS31TF6 IRS USD R F 4.08200 IS31TF6 CCPOIS / Short: SS31TF6 IRS USD P V 00MSOFR IS31TG7 CCPOIS 000000000 200000.00000000 OU Notional Amount USD 3320.28000000 0.012735875361 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2030-10-15 0.00000000 USD 0.00000000 USD 200000.00000000 USD 3320.28000000 N N N Anoka-Hennepin Independent School District No 11 N/A ANOKA-HENNEPIN MN INDEP SCH DIST #11 COPS 036312AU0 1695000.00000000 PA USD 1697318.25000000 6.510545400157 Long DBT MUN US N 2 2034-02-01 Fixed 5.00000000 N N N N N N Minnesota Municipal Gas Agency 549300SISI6N1C6S3136 MINNESOTA MUNI GAS AGY COMMODITY SPLY REVENUE 60406UAM9 1000000.00000000 PA USD 1014266.30000000 3.890505975528 Long DBT MUN US N 2 2052-12-01 Floating 4.00000000 N N N N N N Minnesota Higher Education Facilities Authority 549300DI4V4CIPMX7K35 MINNESOTA ST HGR EDU FACS AUTH REVENUE 60416JBJ8 1100000.00000000 PA USD 1079247.18000000 4.139758565243 Long DBT MUN US N 2 2045-10-01 Fixed 5.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS32CH2 IRS USD R F 4.11000 IS32CH2 CCPOIS / Short: SS32CH2 IRS USD P V 00MSOFR IS32CI3 CCPOIS 000000000 1300000.00000000 OU Notional Amount USD 27158.34000000 0.104173513460 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2031-12-03 0.00000000 USD 0.00000000 USD 1300000.00000000 USD 27158.34000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS31UL9 IRS USD R F 4.13000 IS31UL9 CCPOIS / Short: SS31UL9 IRS USD P V 00MSOFR IS31UM0 CCPOIS 000000000 400000.00000000 OU Notional Amount USD 8721.81000000 0.033454975209 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2031-12-03 0.00000000 USD 0.00000000 USD 400000.00000000 USD 8721.81000000 N N N City of Maple Grove MN N/A MAPLE GROVE MN HLTH CARE FACS REVENUE 56516TBQ7 1000000.00000000 PA USD 1022371.10000000 3.921594233938 Long DBT MUN US N 2 2031-05-01 Fixed 5.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS30FB1 IRS USD R F 2.53125 IS30FB1 CCPINFLATIONZERO / Short: SS30FB1 IRS USD P V 12MUSCPI IS30FC2 CCPINFLATIONZERO 000000000 1020000.00000000 OU Notional Amount USD -917.66000000 -0.00351994512 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2030-10-15 0.00000000 USD 0.00000000 USD 1020000.00000000 USD -917.66000000 N N N Northern Municipal Power Agency 254900QIGSDY3UDQ9778 NTHRN MN MUNI PWR AGY ELEC SYS REVENUE 665444KZ7 700000.00000000 PA USD 713934.83000000 2.738499467302 Long DBT MUN US N 2 2041-01-01 Fixed 5.00000000 N N N N N N City of Minneapolis MN 54930069TEI1INHRHS55 MINNEAPOLIS MN HLTH CARE SYS REVENUE 60374VEB5 1000000.00000000 PA USD 1038820.60000000 3.984690955228 Long DBT MUN US N 2 2036-11-15 Fixed 5.00000000 N N N N N N Minneapolis-St Paul Metropolitan Airports Commission N/A MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE 603827Q82 1415000.00000000 PA USD 1498665.70000000 5.748557219312 Long DBT MUN US N 2 2049-01-01 Fixed 5.25000000 N N N N N N Minnesota Housing Finance Agency 549300R89XDTQBK4GE22 MINNESOTA ST HSG FIN AGY 60416SX70 50000.00000000 PA USD 51978.81000000 0.199379463663 Long DBT MUN US N 2 2031-08-01 Fixed 4.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS2VDH7 IRS USD R F 4.28450 IS2VDH7 CCPOIS / Short: SS2VDH7 IRS USD P V 00MSOFR IS2VDI8 CCPOIS 000000000 740000.00000000 OU Notional Amount USD 17227.73000000 0.066081843111 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2031-04-30 0.00000000 USD 0.00000000 USD 740000.00000000 USD 17227.73000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: BS309H5 IRS USD R V 12MUSCPI IS309I6 CCPINFLATIONZERO / Short: BS309H5 IRS USD P F 2.51600 IS309H5 CCPINFLATIONZERO 000000000 667000.00000000 OU Notional Amount USD 1839.41000000 0.007055578595 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2029-10-15 0.00000000 USD 0.00000000 USD 667000.00000000 USD 1839.41000000 N N N City of St Cloud MN 549300IOO80ICGIWAU74 SAINT CLOUD MN HLTH CARE REVENUE 78916VEU0 1000000.00000000 PA USD 1050513.50000000 4.029542388546 Long DBT MUN US N 2 2054-05-01 Fixed 5.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS2N7V5 IRS USD R F 3.36900 IS2N7V5 CCPOIS / Short: SS2N7V5 IRS USD P V 00MSOFR IS2N7W6 CCPOIS 000000000 800000.00000000 OU Notional Amount USD -24708.08000000 -0.09477484649 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2030-04-30 0.00000000 USD 0.00000000 USD 800000.00000000 USD -24708.08000000 N N N North St Paul-Maplewood-Oakdale Independent School District No 622 N/A N SAINT PAUL-MAPLEWOOD-OAKDALE MN INDEP SCH DIST #622 662152EY9 1000000.00000000 PA USD 918800.60000000 3.524320215134 Long DBT MUN US N 2 2039-02-01 Fixed 3.00000000 N N N N N N Minnesota Higher Education Facilities Authority 549300DI4V4CIPMX7K35 MINNESOTA ST HGR EDU FACS AUTH REVENUE 60416JHS2 1000000.00000000 PA USD 1105415.30000000 4.240133809129 Long DBT MUN US N 2 2038-10-01 Fixed 5.00000000 N N N N N N Housing & Redevelopment Authority of The City of St Paul Minnesota 549300FQCUW4VH929113 SAINT PAUL MN HSG & REDEV AUTH HLTH CARE FAC REVENUE 792905DG3 1000000.00000000 PA USD 1004644.80000000 3.853599984229 Long DBT MUN US N 2 2032-07-01 Fixed 5.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS30997 IRS USD R F 3.81350 IS30997 CCPOIS / Short: SS30997 IRS USD P V 00MSOFR IS309A8 CCPOIS 000000000 167000.00000000 OU Notional Amount USD 122.59000000 0.000470228703 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2029-10-15 0.00000000 USD 0.00000000 USD 167000.00000000 USD 122.59000000 N N N Southern Minnesota Municipal Power Agency N/A STHRN MINNESOTA ST MUNI PWR AGY PWR SPLY SYS REVENUE 843375F76 1000000.00000000 PA USD 1029489.90000000 3.948900409780 Long DBT MUN US N 2 2047-01-01 Fixed 5.00000000 N N N N N N City of Fridley MN N/A FRIDLEY MN MF HSG REVENUE 358413AB8 200000.00000000 PA USD 202198.32000000 0.775588987036 Long DBT MUN US N 2 2041-06-01 Fixed 5.75000000 N N N N N N City of St Paul MN Water Revenue N/A SAINT PAUL MN WTR REVENUE 793073JF5 1000000.00000000 PA USD 1015880.80000000 3.896698848049 Long DBT MUN US N 2 2045-12-01 Fixed 4.00000000 N N N N N N Western Minnesota Municipal Power Agency 549300LFJK9CQSN2NJ11 WSTRN MN MUNI PWR AGY 958697LB8 1000000.00000000 PA USD 850212.20000000 3.261229959595 Long DBT MUN US N 2 2039-01-01 Fixed 3.15600000 N N N N N N Minnesota Municipal Power Agency 5493007DGBKI6ICBXO38 MINNESOTA ST MUNI PWR AGY ELEC REVENUE 60412PDW7 750000.00000000 PA USD 752569.88000000 2.886695156038 Long DBT MUN US N 2 2032-10-01 Fixed 5.00000000 N N N N N N Minnesota Higher Education Facilities Authority 549300DI4V4CIPMX7K35 MINNESOTA ST HGR EDU FACS AUTH REVENUE 60416JCX6 1000000.00000000 PA USD 893935.60000000 3.428943457490 Long DBT MUN US N 2 2040-12-01 Fixed 4.00000000 N N N N N N Housing & Redevelopment Authority of The City of St Paul Minnesota 549300FQCUW4VH929113 SAINT PAUL MN HSG & REDEV AUTH 792893HX0 1575000.00000000 PA USD 1657986.12000000 6.359675863433 Long DBT MUN US N 2 2036-12-01 Fixed 5.00000000 N N N N N N Hutchinson Utilities Commission 5493006H504KBMJSAU33 HUTCHINSON MN PUBLIC UTILITY REVENUE 44835ECD8 420000.00000000 PA USD 420660.58000000 1.613562927368 Long DBT MUN US N 2 2025-12-01 Fixed 5.00000000 N N N N N N Alliance Bernstein 5493006YWHO7MNK2U579 AB Fixed Income Shares, Inc. - Government Money Market Portfolio 018616748 390242.77000000 NS USD 390242.77000000 1.496886792543 Long STIV RF US N 1 N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: BS308B2 IRS USD R V 12MUSCPI IS308C3 CCPINFLATION ZERO / Short: BS308B2 IRS USD P F 2.49900 BS308B2 CCP INFLATION ZERO 000000000 667000.00000000 OU Notional Amount USD 2366.38000000 0.009076921445 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2029-10-15 0.00000000 USD 0.00000000 USD 667000.00000000 USD 2366.38000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: BS31T56 IRS USD R V 12MUSCPI IS31T67 CCPINFLATIONZERO / Short: BS31T56 IRS USD P F 2.56880 IS31T56 CCPINFLATIONZERO 000000000 800000.00000000 OU Notional Amount USD 240.43000000 0.000922237435 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2029-10-15 0.00000000 USD 0.00000000 USD 800000.00000000 USD 240.43000000 N N N City of Minneapolis MN 54930069TEI1INHRHS55 MINNEAPOLIS MN HLTH CARE SYS REVENUE 60374VEW9 1000000.00000000 PA USD 1061302.80000000 4.070927807860 Long DBT MUN US N 2 2052-11-15 Floating 5.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 Long: SS32119 IRS USD R F 4.02700 IS32119 CCPOIS / Short: SS32119 IRS USD P V 00MSOFR IS32120 CCPOIS 000000000 1000000.00000000 OU Notional Amount USD 15740.02000000 0.060375309585 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2031-12-03 121.58000000 USD 0.00000000 USD 1000000.00000000 USD 15618.44000000 N N N 2025-03-26 AB MUNICIPAL INCOME FUND II Stephen Woetzel Stephen Woetzel Controller XXXX