Puerto Rico Residents Tax-Free Fund II, Inc.    Schedule of Investments
    

 

May 31, 2026 (Unaudited)

 

Principal Amount/ Description    Rate         Maturity       Fair Value
 

Government Bonds (41.36%)

            
 

US Government and Agency Obligations (41.36%)

        
  $    1,000,000     

Federal Farm Credit Banks Funding Corp.(a)

      2.090 %       06/18/40      $          698,641     
  1,000,000     

Federal Home Loan Banks(a)

      2.030 %       07/27/40        684,972     
  3,675,000     

Federal Home Loan Banks(a),(b)

      5.200 %       09/28/37        3,650,485     
  5,010,000     

Federal Home Loan Banks(b)

      5.500 %       07/15/36        5,403,042     
  1,000,000     

Federal Home Loan Banks(a)

      5.500 %       10/07/44        991,940     
           

 

 

              11,429,080     
           

 

 

 

Total Government Bonds

            
 

(Cost $12,132,437)

                 11,429,080     
           

 

 

 

Mortgage-Backed Securities (0.59%)

        
 

Fannie Mae Bonds (0.23%)(c)

       
  19,949     

Federal National Mortgage Association Pool 589033

      6.500 %       08/01/31        20,730     
  9,383     

Federal National Mortgage Association Pool 627603

      6.500 %       11/01/31        9,750     
  20,089     

Federal National Mortgage Association Pool 626649

      6.500 %       03/01/32        20,874     
  2,484     

Federal National Mortgage Association Pool 536049

      7.500 %       10/01/30        2,488     
  10,086     

Federal National Mortgage Association Pool 523139

      8.000 %       04/01/30        10,392     
           

 

 

                          64,234       
           

 

 

 

Freddie Mac Bonds (0.00%)†,(d)

       
  757     

Federal Home Loan Mortgage Corp. Pool D74808

      7.500 %       09/01/26        757     
           

 

 

 

GNMA Bonds (0.19%)(e)

       
  50,000     

Government National Mortgage Association Pool 556254

      6.500 %       08/15/31        51,282     
           

 

 

 

Tax Exempt Notes (0.17%)(f)

        
  8,514     

Community Endowment, Inc - collateralized by FN 536020

      8.500 %       05/01/30        8,700     
  30,285     

Community Endowment, Inc - collateralized by GN 470928

      7.000 %       06/15/28        30,688     
  6,996     

Community Endowment, Inc - collateralized by GN 515390

      7.500 %       04/15/30        7,105     
           

 

 

              46,493     
           

 

 

 
 Total Mortgage-Backed Securities
(Cost $158,544)		            162,766     
           

 

 

 

Municipal Bonds (75.30%)

            
 

Illinois (5.05%)

            
  1,615,000     

City of Chicago, 2012 Series B, General Obligation Unlimited

      5.432 %       01/01/42        1,395,922     
           

 

 

 

Puerto Rico (70.25%)

            
  5,635,000     

Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, 2000 Series A, Revenue Bonds(a),(g),(h),(i)

      7.250 %       12/20/30        2,093,403     
  5,734,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Capital Appreciation Restructured Series A-1, Revenue Bonds(a),(g),(j)

      0.000 %       07/01/46        2,082,566     
  5,557,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Capital Appreciation Restructured Series A-1, Revenue Bonds(a),(g),(j)

      0.000 %       07/01/51        1,485,041     
  2,767,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-2, Revenue Bonds(a),(g)

      4.329 %       07/01/40        2,755,118     
  539,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-1, Revenue Bonds(a),(g)

      4.500 %       07/01/34        539,034     
  84,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-2, Revenue Bonds(a),(g)

      4.536 %       07/01/53        78,240     
  272,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-1, Revenue Bonds(a),(g)

      4.550 %       07/01/40        272,527     
  1,998,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-1, Revenue Bonds(a),(g)

      4.750 %       07/01/53        1,921,198     
  2,256,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-2, Revenue Bonds(a),(g)

      4.784 %       07/01/58        2,168,944     
  6,100,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-1, Revenue Bonds(a),(g)

      5.000 %       07/01/58        6,015,997     
           

 

 

              19,412,068     
           

 

 

 
 Total Municipal Bonds
(Cost $18,821,320)		            20,807,990     
           

 

 

 

Quarterly Report | May 31, 2026    1

Puerto Rico Residents Tax-Free Fund II, Inc.    Schedule of Investments
    

 

May 31, 2026 (Unaudited)

 

                         Fair Value  

Total Investments (117.25%)

(Cost $31,112,301)

          $          32,399,836    

Liabilities in Excess of Other Assets (-17.25%)

            (4,766,392 )   

 

  

NET ASSETS (100.00%)

          $ 27,633,444    

 

  

 

  

 

† 

Amount represents less than 0.05% or (0.05)%.

(a) 

Security may be called before its maturity date.

(b) 

A portion or all of the security has been pledged as collateral for reverse repurchase agreements.

(c) 

Puerto Rico Fannie Mae Taxable - Represents mortgage-backed obligations guaranteed by the Federal National Mortgage Association. They are subject to principal paydowns as a result of prepayments or refinancing of the underlying mortgage instruments. As a result, the average life may be substantially less than the original maturity.

(d) 

Puerto Rico Freddie Mac - Represents mortgage-backed obligations guaranteed by the Federal Home Loan Mortgage Corporation. They are subject to principal paydowns as a result of prepayments or refinancing of the underlying mortgage instruments. As a result, the average life may be substantially less than the original maturity.

(e) 

Puerto Rico GNMA - Represents mortgage-backed obligations guaranteed by the Government National Mortgage Association. They are subject to principal paydowns as a result of prepayments or refinancing of the underlying mortgage instruments. As a result, the average life may be substantially less than the original maturity.

(f) 

Community Endowment - These obligations are collateralized by mortgage-backed securities and the only source of repayment is the collateral. They are subject to principal paydowns as a result of prepayments or refinancing of the underlying mortgage instruments. As a result, the average life may be substantially less than the original maturity.

(g) 

Revenue Bonds - issued by agencies and payable from revenues and other sources of income of the agency as specified in the applicable prospectus. These obligations are not an obligation of the Commonwealth of Puerto Rico.

(h) 

As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 assets.

(i) 

These bonds defaulted on their interest payments and/or principal and are not accruing interest income.

(j) 

Issued with a zero coupon. Income is recognized through the accretion of discount.

 

Counter-

party

    Collateral Pledged   

Interest

Rate

   

Settlement

Date

   

Maturity

Date

   

Repurchase

Amount

   

Collateral at

Fair Value

    Value

Goldman Sachs(a)

   

Federal Home Loan Banks

5.200% to 5.500% due 7/15/2036 to 9/28/2037

    3.79%    5/7/2026    6/4/2026    $5,242,408    $5,477,542    $5,227,000

 

(a) 

Collateral received or posted is limited to the net securities sold under reverse repurchase agreements liability amounts. See above for actual collateral received and posted.

 

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