RiverNorth Managed Duration Municipal Income Fund II
Sponsor: RiverNorth · Inception Feb 11, 2022 · Pays monthly
Market priceShare price
$13.40
+1.43% (+$0.19)
NAVAsset value per share
—
as of —
Premium / discountPrice vs. assets
NAV unavailable
Close vs NAV, Oct 15, 2026
Distribution rate (price)Payout rate
7.98%
regular, annualised · on NAV —
Expense ratioAnnual cost
6.02%
fee table, Jun 30, 2026
LeverageBorrowing
0.0%
of total managed assets
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 10:43 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending Jun 30, 2026, filed Aug 27, 2026. 103 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | Ishares National Muni Bond Etf | Equity | United States | 9.89% | $4.7M |
| 2 | San Diego Cnty Ca Regl Arpt Auth Airport Revenue | Debt | United States | 9.84% | $4.7M |
| 3 | Sacramento City Ca Unif Sch Dist | Debt | United States | 9.80% | $4.7M |
| 4 | Blackrock Liquidity Funds Municash | Short-term inv. | United States | 9.67% | $4.6M |
| 5 | Georgetown Tx Utility Sys Revenue | Debt | United States | 8.73% | $4.2M |
| 6 | Invesco Municipal Opportunity Trust | Equity | United States | 8.07% | $3.8M |
| 7 | Western Asset Managed Municipals Fund Inc | Equity | United States | 7.62% | $3.6M |
| 8 | Invesco Municipal Trust | Equity | United States | 7.50% | $3.6M |
| 9 | Blackrock Taxable Municipal Bond Trust | Equity | United States | 7.40% | $3.5M |
| 10 | Vanguard Tax-exempt Bond Index Etf | Equity | United States | 7.11% | $3.4M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Short-term investment vehicle | 9.67% | $4.6M |
| Equity (common) | 145.72% | $69.4M |
| Debt | 125.29% | $59.7M |
| Derivative (interest rate) | -180.67% | $-86.1M |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 95.69% | $45.6M |
| GU | 4.31% | $2.1M |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 95.69% | $45.6M |
| Other | 4.31% | $2.1M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Registered fund | 155.38% | $74M |
| Municipal | 125.29% | $59.7M |
| Corporate | -180.67% | $-86.1M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 2 | 125.29% | $59.7M |
| Level 1 | -25.29% | $-12M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 464.20% | $221M |
| Short | -183.53% | $-87.4M |
| N/A | -180.67% | $-86.1M |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 103 positions
| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| Ishares National Muni Bond Etf | 464288414 | Equity | RF | United States | 43,765 | shares | $4.7M | 9.89% | 1 |
| San Diego Cnty Ca Regl Arpt Auth Airport Revenue | 79739GNA0 | Debt | MUN | United States | 4,500,000 | principal | $4.7M | 9.84% | 2 |
| Sacramento City Ca Unif Sch Dist | 785870E85 | Debt | MUN | United States | 4,500,000 | principal | $4.7M | 9.80% | 2 |
| Blackrock Liquidity Funds Municash | 09248U841 | Short-term inv. | RF | United States | 4,605,831 | shares | $4.6M | 9.67% | 1 |
| Georgetown Tx Utility Sys Revenue | 373064Q56 | Debt | MUN | United States | 4,000,000 | principal | $4.2M | 8.73% | 2 |
| Invesco Municipal Opportunity Trust | 46132C107 | Equity | RF | United States | 389,679 | shares | $3.8M | 8.07% | 1 |
| Western Asset Managed Municipals Fund Inc | 95766M105 | Equity | RF | United States | 348,245 | shares | $3.6M | 7.62% | 1 |
| Invesco Municipal Trust | 46131J103 | Equity | RF | United States | 355,879 | shares | $3.6M | 7.50% | 1 |
| Blackrock Taxable Municipal Bond Trust | 09248X100 | Equity | RF | United States | 218,083 | shares | $3.5M | 7.40% | 1 |
| Vanguard Tax-exempt Bond Index Etf | 922907746 | Equity | RF | United States | 67,005 | shares | $3.4M | 7.11% | 1 |
| Denver City & Cnty Co Sch Dist #1 | 249174ZN6 | Debt | MUN | United States | 3,000,000 | principal | $3.3M | 6.96% | 2 |
| Houston Tx Hotel Occupancy Tax & Spl Revenue | 44237NMW9 | Debt | MUN | United States | 3,000,000 | principal | $3.2M | 6.77% | 2 |
| S Estrn Pa Transprtn Auth | 842039FR5 | Debt | MUN | United States | 3,000,000 | principal | $3.2M | 6.62% | 2 |
| Texas Wtr Dev Brd Revenue | 88285AKF4 | Debt | MUN | United States | 3,000,000 | principal | $3.1M | 6.57% | 2 |
| Cleveland-cuyahoga Cnty Oh Port Auth | 186103LR6 | Debt | MUN | United States | 3,000,000 | principal | $3.1M | 6.55% | 2 |
| New York St Dorm Auth Revenues Non St Supported Debt | 65000BW38 | Debt | MUN | United States | 2,500,000 | principal | $2.7M | 5.72% | 2 |
| South Carolina St Public Svc Auth Revenue | 837151U49 | Debt | MUN | United States | 2,500,000 | principal | $2.7M | 5.66% | 2 |
| California St Univ Revenue | 13077DSY9 | Debt | MUN | United States | 2,500,000 | principal | $2.7M | 5.65% | 2 |
| Blackrock Muniholdings California Quality Fund Inc | 09254L107 | Equity | RF | United States | 243,383 | shares | $2.7M | 5.61% | 1 |
| Harris Cnty Tx Hosp Dist Ctfs Of Oblig | 41415UDF0 | Debt | MUN | United States | 2,500,000 | principal | $2.7M | 5.57% | 2 |
| Omaha Ne Public Pwr Dist Elec Revenue | 682001RR5 | Debt | MUN | United States | 2,500,000 | principal | $2.6M | 5.51% | 2 |
| Alliancebernstein National Municipal Income Fund Inc | 01864U106 | Equity | RF | United States | 206,945 | shares | $2.4M | 4.96% | 1 |
| Texas St Priv Activity Bond Surface Transprtn Corp Revenue | 882667AN8 | Debt | MUN | United States | 2,350,000 | principal | $2.3M | 4.87% | 2 |
| New Hope Cultural Edu Facs Fin Corp Tx Hosp Revenue | 645424BP6 | Debt | MUN | United States | 2,000,000 | principal | $2.2M | 4.58% | 2 |
| New York St Transprtn Dev Corp Spl Fac Revenue | 650116JK3 | Debt | MUN | United States | 2,000,000 | principal | $2.2M | 4.57% | 2 |
| Chicago Il Wtrwks Revenue | 1677362M8 | Debt | MUN | United States | 2,000,000 | principal | $2.1M | 4.47% | 2 |
| Triborough Ny Bridge & Tunnel Auth Revenues | 89602RFZ3 | Debt | MUN | United States | 2,000,000 | principal | $2.1M | 4.34% | 2 |
| Corpus Christi Tx Utility Sysrevenue | 2202455X8 | Debt | MUN | United States | 2,000,000 | principal | $2.1M | 4.34% | 2 |
| Guam Govt Wtrwks Auth Wtr & Wstwtr Sys Revenue | 40065FDF8 | Debt | MUN | GU | 2,000,000 | principal | $2.1M | 4.31% | 2 |
| Eaton Vance Municipal Bond Fund | 27827X101 | Equity | RF | United States | 205,078 | shares | $2M | 4.29% | 1 |
| New York St Transprtn Dev Corp Spl Fac Revenue | 650116GZ3 | Debt | MUN | United States | 2,000,000 | principal | $2M | 4.24% | 2 |
| Mta Hudson Rail Yards Trust Obligs Revenue | 62476RAC9 | Debt | MUN | United States | 2,000,000 | principal | $2M | 4.20% | 2 |
| New York St Dorm Auth St Personal Income Tax Revenue | 64990FX25 | Debt | MUN | United States | 1,700,000 | principal | $1.8M | 3.84% | 2 |
| Nuveen Municipal High Income Opportunity Fund | 670682103 | Equity | RF | United States | 166,357 | shares | $1.8M | 3.69% | 1 |
| Nuveen Amt-free Municipal Value Fund | 670695105 | Equity | RF | United States | 121,957 | shares | $1.8M | 3.68% | 1 |
| San Francisco Ca City &cnty Arpts Commn Intl Arpt Rev | 79766DXQ7 | Debt | MUN | United States | 1,500,000 | principal | $1.6M | 3.38% | 2 |
| Missouri St Hlth & Eductnl Facs Auth Hlth Facs Revenue | 60637AXQ0 | Debt | MUN | United States | 1,500,000 | principal | $1.6M | 3.37% | 2 |
| Ehove Oh Jt Vocational Sch Dist | 282407CH6 | Debt | MUN | United States | 1,500,000 | principal | $1.6M | 3.32% | 2 |
| Blackrock Muniyield New York Quality Fund Inc | 09255E102 | Equity | RF | United States | 155,648 | shares | $1.6M | 3.32% | 1 |
| Indiana St Fin Auth Student Hsg Revenue | 45471FAF8 | Debt | MUN | United States | 1,550,000 | principal | $1.5M | 3.21% | 2 |
| Virginia Small Business Fing Auth Priv Activity Revenue Sr | 928097AD6 | Debt | MUN | United States | 1,500,000 | principal | $1.5M | 3.15% | 2 |
| Colorado St Hlth Facs Auth Revenue | 19648FSH8 | Debt | MUN | United States | 1,600,000 | principal | $1.4M | 3.02% | 2 |
| Blackrock Muniholdings Fund Inc | 09253N104 | Equity | RF | United States | 887,503 | shares | $10.6M | 22.17% | 1 |
| Chicago Il | 167486M30 | Debt | MUN | United States | 10,000,000 | principal | $10.3M | 21.63% | 2 |
| Blackrock Muniyield Quality Fund Inc | 09254F100 | Equity | RF | United States | 885,119 | shares | $10.3M | 21.55% | 1 |
| Bny Mellon Strategic Municipals Inc | 05588W108 | Equity | RF | United States | 218,411 | shares | $1.4M | 2.96% | 1 |
| Neuberger Municipal Fund Inc | 64124P101 | Equity | RF | United States | 113,379 | shares | $1.2M | 2.51% | 1 |
| Blackrock Muniassets Fund Inc | 09254J102 | Equity | RF | United States | 108,394 | shares | $1.2M | 2.50% | 1 |
| New York Energy Fin Dev Corp | 64947PAA4 | Debt | MUN | United States | 1,000,000 | principal | $1M | 2.17% | 2 |
| Mobile Cnty Al Indl Dev Auth Sol Wst Disp Revenue | 60733UAA9 | Debt | MUN | United States | 1,000,000 | principal | $1M | 2.11% | 2 |
| Illinois St | 4521526L0 | Debt | MUN | United States | 8,000,000 | principal | $8.5M | 17.84% | 2 |
| New York Ny | 64966QY87 | Debt | MUN | United States | 7,525,000 | principal | $8.2M | 17.20% | 2 |
| Clark Cnty Nv Wtr Reclamation Dist | 181070GB3 | Debt | MUN | United States | 7,000,000 | principal | $7.3M | 15.42% | 2 |
| Michigan St Trunk Line | 5946954N5 | Debt | MUN | United States | 5,000,000 | principal | $5.6M | 11.70% | 2 |
| Triborough Ny Bridge & Tunnel Auth Payroll Mobility Tax | 89602HEQ6 | Debt | MUN | United States | 5,000,000 | principal | $5.4M | 11.26% | 2 |
| Port Auth Of New York & New Jersey Ny | 73358XFS6 | Debt | MUN | United States | 5,000,000 | principal | $5.3M | 11.14% | 2 |
| Tennessee Energy Acquisition Corp Commodity Project Revenue | 88044TAL3 | Debt | MUN | United States | 5,000,000 | principal | $5.3M | 11.10% | 2 |
| RHODE ISLAND ST HEALTH & EDL BLDG CORP | 762196X57 | Debt | MUN | United States | 5,000,000 | principal | $5.3M | 11.07% | 2 |
| Blackrock Muniyield Quality Fund Iii Inc | 09254E103 | Equity | RF | United States | 474,322 | shares | $5.3M | 11.06% | 1 |
| Gtr Asheville Regl Arpt Auth Nc Arpt Sys Revenue | 39160CAT4 | Debt | MUN | United States | 5,000,000 | principal | $5.2M | 10.94% | 2 |
| Hawaii St Arpts Sys Revenue | 419794A51 | Debt | MUN | United States | 5,000,000 | principal | $5M | 10.56% | 2 |
| Aberdeen Municipal Income Fund | 552738106 | Equity | RF | United States | 158,083 | shares | $888K | 1.86% | 1 |
| Pimco California Municipal Income Fund | 72200N106 | Equity | RF | United States | 82,902 | shares | $744K | 1.56% | 1 |
| North Carolina St Turnpike Auth | 65830RDA4 | Debt | MUN | United States | 700,000 | principal | $718K | 1.51% | 2 |
| Bny Mellon Strategic Municipal Bond Fund Inc | 09662E109 | Equity | RF | United States | 102,318 | shares | $629K | 1.32% | 1 |
| Putnam Municipal Opportunities Trust | 746922103 | Equity | RF | United States | 46,710 | shares | $492K | 1.03% | 1 |
| Western Asset Intermediate Muni Fund | 958435109 | Equity | RF | United States | 62,427 | shares | $491K | 1.03% | 1 |
| Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 401664107 | Equity | RF | United States | 28,627 | shares | $414K | 0.87% | 1 |
| Pimco New York Municipal Income Fund Ii | 72200Y102 | Equity | RF | United States | 58,173 | shares | $412K | 0.87% | 1 |
| Abrdn National Municipal Income Fund | 24610T108 | Equity | RF | United States | 28,445 | shares | $295K | 0.62% | 1 |
| Pimco Municipal Income Fund Ii | 72200W106 | Equity | RF | United States | 30,416 | shares | $231K | 0.49% | 1 |
| Blackrock Municipal 2030 Target Term Trust | 09257P105 | Equity | RF | United States | 3,521 | shares | $80.1K | 0.17% | 1 |
| Bny Mellon Municipal Bond Infrastructure Fund Inc | 09662W109 | Equity | RF | United States | 825 | shares | $9.1K | 0.02% | 1 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035AV73 | Debt | MUN | United States | -4,000,000 | principal | $-4M | -8.40% | 2 |
| Tender Option Bond Trust Receipts / Ctfsrestrictedshort | 88035DVM4 | Debt | MUN | United States | -4,000,000 | principal | $-4M | -8.40% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035GMW5 | Debt | MUN | United States | -3,750,000 | principal | $-3.8M | -7.87% | 2 |
| Tender Option Bond Trust Receipts / Ctfsrestrictedshort | 88035DSE6 | Debt | MUN | United States | -3,750,000 | principal | $-3.8M | -7.87% | 2 |
| Tender Option Bond Trust Receipts / Ctfsrestrictedshort | 88035DBM6 | Debt | MUN | United States | -3,750,000 | principal | $-3.8M | -7.87% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035AE64 | Debt | MUN | United States | -3,750,000 | principal | $-3.8M | -7.87% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035GZ68 | Debt | MUN | United States | -3,600,000 | principal | $-3.6M | -7.56% | 2 |
| Tender Option Bond Trust Receipts / Ctfsrestrictedshort | 88035DDD4 | Debt | MUN | United States | -3,600,000 | principal | $-3.6M | -7.56% | 2 |
| Chicago Board of Trade | ticker USU6 | Rate deriv. | CORP | United States | -255 | contracts | $-28.9M | -60.74% | 1 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035AE49 | Debt | MUN | United States | -3,000,000 | principal | $-3M | -6.30% | 2 |
| Tender Option Bond Trust Receipts / Ctfsrestrictedshort | 88035DAU9 | Debt | MUN | United States | -3,000,000 | principal | $-3M | -6.30% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035RGF5 | Debt | MUN | United States | -2,400,000 | principal | $-2.4M | -5.04% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035THX1 | Debt | MUN | United States | -2,400,000 | principal | $-2.4M | -5.04% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035TZD5 | Debt | MUN | United States | -2,400,000 | principal | $-2.4M | -5.04% | 2 |
| Tender Option Bond Trust Receipts / Ctfsrestrictedshort | 88035DBS3 | Debt | MUN | United States | -2,250,000 | principal | $-2.3M | -4.72% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035MLB9 | Debt | MUN | United States | -2,250,000 | principal | $-2.3M | -4.72% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035UKS5 | Debt | MUN | United States | -2,000,000 | principal | $-2M | -4.20% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035EBS1 | Debt | MUN | United States | -2,000,000 | principal | $-2M | -4.20% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035TFW5 | Debt | MUN | United States | -2,000,000 | principal | $-2M | -4.20% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035GZY7 | Debt | MUN | United States | -2,000,000 | principal | $-2M | -4.20% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035GGN2 | Debt | MUN | United States | -1,600,000 | principal | $-1.6M | -3.36% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035RSR6 | Debt | MUN | United States | -1,600,000 | principal | $-1.6M | -3.36% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035UBV8 | Debt | MUN | United States | -1,600,000 | principal | $-1.6M | -3.36% | 2 |
| Tender Option Bond Trust Receipts / Ctfsrestrictedshort | 88035DZH1 | Debt | MUN | United States | -1,275,000 | principal | $-1.3M | -2.68% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035MBX2 | Debt | MUN | United States | -1,200,000 | principal | $-1.2M | -2.52% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035AN64 | Debt | MUN | United States | -7,000,000 | principal | $-7M | -14.69% | 2 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035M8K4 | Debt | MUN | United States | -6,020,000 | principal | $-6M | -12.63% | 2 |
| Tender Option Bond Trust Receipts / Ctfsrestrictedshort | 88035DXC4 | Debt | MUN | United States | -6,000,000 | principal | $-6M | -12.59% | 2 |
| Chicago Board of Trade | ticker TYU6 | Rate deriv. | CORP | United States | -520 | contracts | $-57.1M | -119.93% | 1 |
| Tender Option Bond Trust Receipts / Ctfs Various Statesrestrictedshort | 88035RUC6 | Debt | MUN | United States | -5,250,000 | principal | $-5.3M | -11.02% | 2 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jun 30, 2026 | Aug 27, 2026 | 103 | 100.0% | $47.6M | full |
| Mar 31, 2026 | May 28, 2026 | 100 | 100.0% | $44.2M | full |
| Dec 31, 2025 | Feb 26, 2026 | 121 | 100.0% | $46M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for RiverNorth Managed Duration Municipal Income Fund II, Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.