# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-23-014887
**Filing Date:** 2023-1
**Character Count:** 78006
**Document Hash:** 56633b2437e57c72ab5ffb855f1ce28e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014887.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014887

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EATON VANCE MUNICIPALS TRUST
- **CENTRAL INDEX KEY:** 0000778365
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04409
- **FILM NUMBER:** 23557043

**BUSINESS ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE HIGH YIELD MUNICIPALS TRUST
- **DATE OF NAME CHANGE:** 19910203

## Series and Classes Contracts Data

### Eaton Vance Georgia Municipal Income Fund (Series ID: S000004864)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000013178 | Eaton Vance Georgia Municipal Income Fund Class A | ETGAX           |
| C000013180 | Eaton Vance Georgia Municipal Income Fund Class C | ECGAX           |
| C000063956 | Eaton Vance Georgia Municipal Income Fund Class I | EIGAX           |

## Nport-Ex

Eaton Vance<br>

Georgia Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 97.7%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 8.0% | Education — 8.0% | Education — 8.0% |
| Cobb County Development Authority, GA, (TUFF Cobb Research Campus - Georgia Tech Research Corp.), 4.00%, 9/1/34 | $1000 | &nbsp;&nbsp;$1043730 |
| Fulton County Development Authority, GA, (Georgia Tech Facilities, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp; 468061 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/37 | &nbsp;&nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp; 569894 |
| Georgia Private Colleges and Universities Authority, (Agnes Scott College): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 402876 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;565 | &nbsp;&nbsp;&nbsp;&nbsp; 618138 |
| Georgia Private Colleges and Universities Authority, (Emory University): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;245 | &nbsp;&nbsp;&nbsp;&nbsp; 263988 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/32 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1185070 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1099950 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1055530 |
| Georgia Private Colleges and Universities Authority, (Mercer University), 4.00%, 10/1/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 914680 |
| Savannah Economic Development Authority, GA, (SSU Community Development I, LLC), 4.00%, 6/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 247785 |
| Unified Government of Athens-Clarke County Development Authority, GA, (UGAREF Central Precinct, LLC), 5.00%, 6/15/31 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp; 1273716 |
|  |  | &nbsp;&nbsp;**$9143418** |
| Electric Utilities — 4.9% | Electric Utilities — 4.9% | Electric Utilities — 4.9% |
| Burke County Development Authority, GA, (Oglethorpe Power Corp.), 3.25% to 2/3/25 (Put Date), 11/1/45 | $1220 | &nbsp;&nbsp;$1205287 |
| Dalton, GA, Combined Utilities Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 502715 |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp; 468716 |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 968990 |
| Georgia Municipal Electric Power Authority, 5.00%, 1/1/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1587315 |
| Monroe County Development Authority, GA, (Georgia Power Co.), 1.00% to 8/21/26 (Put Date), 7/1/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 877700 |
|  |  | &nbsp;&nbsp;**$5610723** |
| Escrowed/Prerefunded — 5.7% | Escrowed/Prerefunded — 5.7% | Escrowed/Prerefunded — 5.7% |
| Atlanta, GA, Water and Wastewater Revenue, Prerefunded to 11/1/23, 5.25%, 11/1/30 | $1000 | &nbsp;&nbsp;$1024390 |
| Cedartown Polk County Hospital Authority, GA, (Polk Medical Center), Prerefunded to 7/1/26, 5.00%, 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp; 915331 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Escrowed/Prerefunded (continued) | Escrowed/Prerefunded (continued) | Escrowed/Prerefunded (continued) |
| Columbia County, GA, Prerefunded to 7/1/27, 5.00%, 1/1/28 | $1000 | &nbsp;&nbsp;$1090110 |
| Columbus, GA, Water and Sewerage Revenue, Prerefunded to 5/1/24, 5.00%, 5/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 516860 |
| Forsyth County Hospital Authority, GA, (Georgia Baptist Health Care System), Escrowed to Maturity, 6.375%, 10/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;535 | &nbsp;&nbsp;&nbsp;&nbsp; 599500 |
| Forsyth County Water and Sewerage Authority, GA, Prerefunded to 4/1/24, 5.00%, 4/1/27 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp; 1134980 |
| Sandy Springs Public Facilities Authority, GA, (City Center Project), Prerefunded to 5/1/26, 5.00%, 5/1/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1077000 |
| Savannah Economic Development Authority, GA, (Marshes of Skidaway Island), Escrowed to Maturity, 6.00%, 1/1/24 | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp; 183589 |
|  |  | &nbsp;&nbsp;**$6541760** |
| General Obligations — 18.0% | General Obligations — 18.0% | General Obligations — 18.0% |
| Atlanta, GA, Social Bonds, 5.00%, 12/1/36 | $1500 | &nbsp;&nbsp;$1723905 |
| Bleckley County School District, GA, 5.00%, 10/1/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1090520 |
| Bryan County School District, GA: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 514725 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;&nbsp;&nbsp; 446349 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/25 | 1080 | &nbsp;&nbsp;&nbsp;&nbsp; 1146107 |
| Cherokee County School System, GA, 5.00%, 2/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1048620 |
| Clarke County School District, GA, 5.00%, 9/1/24 | 1900 | &nbsp;&nbsp;&nbsp;&nbsp; 1979363 |
| DeKalb County, GA, (Special Transportation, Parks and Greenspace and Libraries Tax District), 5.00%, 12/1/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1088100 |
| Forsyth County Public Facilities Authority, GA, (Forsyth County School District), 4.00%, 2/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp; 300646 |
| Forsyth County School District, GA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/32 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1110010 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 545420 |
| Fulton County, GA, 5.00%, 7/1/31 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1092700 |
| Gainesville School District, GA, 4.00%, 11/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1028510 |
| Georgia: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1038140 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1575390 |
| Heard County Public Facilities Authority, GA, (Heard County School District), 4.00%, 3/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp; 606015 |
| Jackson County School District, GA, 5.00%, 3/1/30 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1127440 |
| Lee County School District, GA, 5.00%, 2/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 762825 |
| Puerto Rico, 5.625%, 7/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1025050 |
| Valdosta School System, GA, 5.00%, 2/1/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1070680 |
| Worth County School District, GA, 5.00%, 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;235 | &nbsp;&nbsp;&nbsp;&nbsp; 250529 |
|  |  | &nbsp;&nbsp;**$20571044** |

---

------

Eaton Vance<br>

Georgia Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital — 14.1% | Hospital — 14.1% | Hospital — 14.1% |
| Brookhaven Development Authority, GA, (Children's Healthcare of Atlanta), 5.00%, 7/1/39 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$529775 |
| Carroll City-County Hospital Authority, GA, (Tanner Medical Center, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 7/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 434605 |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 502175 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 534290 |
| Cobb County Kennestone Hospital Authority, GA, (WellStar Health System, Inc.), 5.00%, 4/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 519175 |
| Dalton-Whitfield County Joint Development Authority, GA, (Hamilton Health Care System), 4.00%, 8/15/34 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 404812 |
| DeKalb Private Hospital Authority, GA, (Children's Healthcare of Atlanta), 4.00%, 7/1/39 | 1865 | &nbsp;&nbsp;&nbsp;&nbsp; 1877570 |
| Fulton County Development Authority, GA, (Piedmont Healthcare, Inc.), 5.00%, 7/1/32 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1571520 |
| Fulton County Development Authority, GA, (WellStar Health System, Inc.), 5.00%, 4/1/37 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1293012 |
| Gainesville and Hall County Hospital Authority, GA, (Northeast Georgia Health System, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 2/15/37 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1481880 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp; 922412 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1031140 |
| Glynn-Brunswick Memorial Hospital Authority, GA, (Southeast Georgia Health System): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 231525 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 459370 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp; 669169 |
| Paulding County Hospital Authority, GA, (WellStar Health System, Inc.), 5.00%, 4/1/42 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1281850 |
| Richmond County Hospital Authority, GA, (University Health Services, Inc.), 5.00%, 1/1/31 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp; 1374685 |
| Savannah Hospital Authority, GA, (St. Joseph's/Candler Health System, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 481430 |
| &nbsp;&nbsp;&nbsp;5.50%, 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 506275 |
|  |  | &nbsp;&nbsp;**$16106670** |
| Industrial Development Revenue — 4.5% | Industrial Development Revenue — 4.5% | Industrial Development Revenue — 4.5% |
| Albany Dougherty Payroll Development Authority, GA, Solid Waste Disposal, (Procter & Gamble), 5.20%, 5/15/28 | $2000 | &nbsp;&nbsp;$2201860 |
| Burke County Development Authority, GA, (Georgia Power Co.), 2.20%, 10/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 612660 |
| Monroe County Development Authority, GA, (Georgia Power Co.), 2.25%, 7/1/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 950340 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Industrial Development Revenue (continued) | Industrial Development Revenue (continued) | Industrial Development Revenue (continued) |
| Monroe County Development Authority, GA, (Oglethorpe Power Corp.), 1.50% to 2/3/25 (Put Date), 1/1/39 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$469675 |
| Rockdale County Development Authority, GA, (Pratt Paper, LLC), (AMT), 4.00%, 1/1/38<sup>(1)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 905790 |
|  |  | &nbsp;&nbsp;**$5140325** |
| Insured - Electric Utilities — 4.9% | Insured - Electric Utilities — 4.9% | Insured - Electric Utilities — 4.9% |
| Georgia Municipal Electric Authority, (AGM), 5.00%, 7/1/37 | $1470 | &nbsp;&nbsp;$1577192 |
| Griffin, GA, Combined Public Utility Revenue, (AGM), 5.00%, 1/1/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1001980 |
| Monroe, GA, Combined Utility Revenue, (AGM), 4.00%, 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 603264 |
| Newnan, GA, Water, Sewerage and Light Commission, (AMBAC), 5.25%, 1/1/24 | 1040 | &nbsp;&nbsp;&nbsp;&nbsp; 1068465 |
| Puerto Rico Electric Power Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;980 | &nbsp;&nbsp;&nbsp;&nbsp; 985057 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp; 417459 |
|  |  | &nbsp;&nbsp;**$5653417** |
| Insured - General Obligations — 1.1% | Insured - General Obligations — 1.1% | Insured - General Obligations — 1.1% |
| Coweta County, GA, Water and Sewerage Authority, (AGM), Escrowed to Maturity, 5.00%, 6/1/26 | $1135 | &nbsp;&nbsp;$1222395 |
|  |  | &nbsp;&nbsp;**$1222395** |
| Insured - Lease Revenue/Certificates of Participation — 2.0% | Insured - Lease Revenue/Certificates of Participation — 2.0% | Insured - Lease Revenue/Certificates of Participation — 2.0% |
| East Point Building Authority, GA, (Water and Sewer Project), (AGM), 5.00%, 2/1/35 | $&nbsp;&nbsp;&nbsp;&nbsp;695 | &nbsp;&nbsp;$741238 |
| Georgia Local Government 1998A Grantor Trust, Certificates of Participation, (NPFG), 4.75%, 6/1/28 | 1428 | &nbsp;&nbsp;&nbsp;&nbsp; 1503399 |
|  |  | &nbsp;&nbsp;**$2244637** |
| Insured - Transportation — 0.1% | Insured - Transportation — 0.1% | Insured - Transportation — 0.1% |
| Puerto Rico Highway and Transportation Authority, (NPFG), 4.625%, 7/1/23 | $&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;$99814 |
|  |  | &nbsp;&nbsp;**$99814** |
| Insured - Water and Sewer — 2.9% | Insured - Water and Sewer — 2.9% | Insured - Water and Sewer — 2.9% |
| Buford, GA, Combined Utility System Revenue, (AGM), 4.00%, 7/1/37 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$502210 |
| DeKalb County, GA, Water and Sewerage Revenue, (AGM), 5.25%, 10/1/32 | 1590 | &nbsp;&nbsp;&nbsp;&nbsp; 1725770 |

---

------

Eaton Vance<br>

Georgia Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Water and Sewer (continued) | Insured - Water and Sewer (continued) | Insured - Water and Sewer (continued) |
| Etowah Water and Sewer Authority, GA, (BAM), 4.00%, 3/1/35 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$502930 |
| Henry County Water and Sewerage Authority, GA, (NPFG), 5.25%, 2/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 527870 |
|  |  | &nbsp;&nbsp;**$3258780** |
| Lease Revenue/Certificates of Participation — 7.1% | Lease Revenue/Certificates of Participation — 7.1% | Lease Revenue/Certificates of Participation — 7.1% |
| Atlanta & Fulton County Recreation Authority, GA, (Zoo Atlanta Parking Facility), 5.00%, 12/1/36 | $1000 | &nbsp;&nbsp;$1080590 |
| Downtown Savannah Authority, GA, 4.00%, 8/1/25 | 2495 | &nbsp;&nbsp;&nbsp;&nbsp; 2583273 |
| Downtown Smyrna Development Authority, GA, 5.00%, 2/1/26 | 2690 | &nbsp;&nbsp;&nbsp;&nbsp; 2886585 |
| Georgia Municipal Association, Inc., Certificates of Participation, (Atlanta Public Safety), 5.00%, 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 537130 |
| Gwinnett County Water and Sewerage Authority, GA, 4.00%, 8/1/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1036430 |
|  |  | &nbsp;&nbsp;**$8124008** |
| Other Revenue — 1.8% | Other Revenue — 1.8% | Other Revenue — 1.8% |
| Main Street Natural Gas, Inc., GA, Gas Supply Revenue, 5.00% to 6/1/29 (Put Date), 12/1/52 | $2000 | &nbsp;&nbsp;$2064260 |
|  |  | &nbsp;&nbsp;**$2064260** |
| Senior Living/Life Care — 1.8% | Senior Living/Life Care — 1.8% | Senior Living/Life Care — 1.8% |
| Fulton County Residential Care Facilities for the Elderly Authority, GA, (Canterbury Court): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/28<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;$730936 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/30<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;970 | &nbsp;&nbsp;&nbsp;&nbsp; 853057 |
| Gainesville and Hall County Development Authority, GA, (ACTS Retirement-Life Communities, Inc. Obligated Group), 5.00%, 11/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 502830 |
|  |  | &nbsp;&nbsp;**$2086823** |
| Special Tax Revenue — 4.9% | Special Tax Revenue — 4.9% | Special Tax Revenue — 4.9% |
| American Samoa Economic Development Authority, 5.00%, 9/1/38<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$300813 |
| Atlanta Development Authority, GA, (New Downtown Atlanta Stadium), 5.00%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 784372 |
| Metropolitan Atlanta Rapid Transit Authority, GA, Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1045480 |
| &nbsp;&nbsp;&nbsp;Prerefunded to 7/1/25, 5.00%, 7/1/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1059420 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 1370 | &nbsp;&nbsp;&nbsp;&nbsp; 1299870 |
| Unified Government of Athens-Clarke County Development Authority, GA, (Economic Development Projects), 5.00%, 6/1/32 | 1080 | &nbsp;&nbsp;&nbsp;&nbsp; 1081879 |
|  |  | &nbsp;&nbsp;**$5571834** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation — 9.0% | Transportation — 9.0% | Transportation — 9.0% |
| Atlanta, GA, Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/31 | $1000 | &nbsp;&nbsp;$1021880 |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 577248 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/27 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2662950 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/29 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1355787 |
| Georgia Ports Authority: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/47 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2909250 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 849188 |
| Georgia State Road and Tollway Authority, 5.00%, 6/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;835 | &nbsp;&nbsp;&nbsp;&nbsp; 914517 |
|  |  | &nbsp;&nbsp;**$10290820** |
| Water and Sewer — 6.9% | Water and Sewer — 6.9% | Water and Sewer — 6.9% |
| Atlanta, GA, Water and Wastewater Revenue, 5.00%, 11/1/29 | $1000 | &nbsp;&nbsp;$1102220 |
| Cobb County-Marietta Water Authority, GA, 5.00%, 11/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 399795 |
| Columbus, GA, Water and Sewerage Revenue, 5.00%, 5/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 264777 |
| Fulton County, GA, Water and Sewerage Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 1/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 889310 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/33 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1502580 |
| Rockdale County, GA, Stormwater Revenue, 4.00%, 7/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 496575 |
| Unified Government of Athens-Clarke County, GA, Water and Sewerage Revenue, 5.00%, 1/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1046840 |
| Walton County Water and Sewerage Authority, GA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/53 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1094090 |
| &nbsp;&nbsp;&nbsp;5.25%, 2/1/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1120750 |
|  |  | &nbsp;&nbsp;**$7916937** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $115,274,157) |  | &nbsp;&nbsp;**$111647665** |
| Total Investments — 97.7%<br> (identified cost $115,274,157) |  | &nbsp;&nbsp;**$111647665** |
| Other Assets, Less Liabilities — 2.3% |  | &nbsp;&nbsp;**$2584850** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$114232515** |

---

------

Eaton Vance<br>

Georgia Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | The percentage shown for each investment category in the Portfolio of Investments is based on net assets. |
| <sup>(1)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At November 30, 2022, the aggregate value of these securities is $2,790,596 or 2.4% of the Fund's net assets. |
| The Fund invests primarily in debt securities issued by Georgia municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At November 30, 2022, 11.2% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.5% to 6.6% of total investments. | The Fund invests primarily in debt securities issued by Georgia municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At November 30, 2022, 11.2% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.5% to 6.6% of total investments. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AGM | – Assured Guaranty Municipal Corp. |
| AMBAC | – AMBAC Financial Group, Inc. |
| AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
| BAM | – Build America Mutual Assurance Co. |
| NPFG | – National Public Finance Guarantee Corp. |

---

The Fund did not have any open derivative instruments at November 30, 2022.

Fair Value Measurements

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 – quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At November 30, 2022, the hierarchy of inputs used in valuing the Fund's investments, which are carried at value, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;$— | &nbsp;&nbsp;$111647665 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$111647665 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$111647665** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$111647665** |

---

For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements included in its semiannual or annual report to shareholders.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** EATON VANCE MUNICIPALS TRUST

- **b. Investment Company Act file number:** 811-04409

- **c. CIK number of Registrant:** 0000778365

- **d. LEI of Registrant:** 549300URENTSNA53MO13

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** TWO INTERNATIONAL PLACE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-482-8260

**Item A.2. Information about the Series.**

- **a. Name of Series:** Eaton Vance Georgia Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000004864

- **c. LEI of Series:** 549300OE0CO1SYFWJJ02

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $114164946.70

**Total Liabilities:** $350171.48

**Net Assets:** $113814775.22

**Cash Not Reported:** $873796.08

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -123.25000000 | **1-Year:** -5684.89000000 | **5-Year:** -19611.57000000 | **10-Year:** -21649.50000000 | **30-Year:** -3163.93000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -5.25000000 | **1-Year:** -107.64000000 | **5-Year:** -1663.65000000 | **10-Year:** -1301.52000000 | **30-Year:** -365.30000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063956 | -3.28%               | -0.56%               | 4.12%                |
| Class ID C000013178 | -3.30%               | -0.58%               | 3.98%                |
| Class ID C000013180 | -3.37%               | -0.72%               | 4.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-380847.64              | $-3682816.82                               |
| Month 2  | $-326933.52              | $-561113.70                                |
| Month 3  | $-316034.06              | $4589063.06                                |

**Designated Index Information**

- **Index Name:** BBG Municipal Bd

- **Index Identifier:** MBINDEX

### Schedule of Portfolio Investments

| Name                                                                        | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Forsyth County Water & Sewerage Authority                                   | FORSYTH CNTY GA WTR & SEWERAGE AUTH                          | CUSIP: 346609HF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1134980.00   | 1.00%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sandy Springs Public Facilities Authority                                   | SANDY SPRINGS GA PUBLIC FACS AUTH REVENUE                    | CUSIP: 80036RAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077000.00   | 0.95%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus GA Water & Sewerage Revenue                                | COLUMBUS GA WTR & SWR REVENUE                                | CUSIP: 199144VS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516860.00    | 0.45%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265L2J6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $914680.00    | 0.80%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                 | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064260.00   | 1.81%             | 2052-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                     | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HEE8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1577192.40   | 1.39%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                     | FULTON CNTY GA DEV AUTH REVENUE                              | CUSIP: 36005FCN3<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    520000 | PA      | $569894.00    | 0.50%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fulton GA Water & Sewerage Revenue                                | FULTON CNTY GA WTR & SWR REVENUE                             | CUSIP: 360066NS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502580.00   | 1.32%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                | DE KALB CNTY GA WTR & SWR REVENUE                            | CUSIP: 240523UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1725770.10   | 1.52%             | 2032-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlanta & Fulton County Recreation Authority                                | ATLANTA & FULTON CNTY GA RECREATION AUTH REVENUE             | CUSIP: 047681PV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080590.00   | 0.95%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Etowah Water & Sewer Authority                                              | ETOWAH GA WTR & SWR AUTH REVENUE                             | CUSIP: 297860CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502930.00    | 0.44%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cherokee County Board of Education                                          | CHEROKEE CNTY GA SCH SYS                                     | CUSIP: 164231ML3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048620.00   | 0.92%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fulton County Residential Care Facilities for the Elderly Authority         | FULTON CNTY GA RSDL CARE FACS ELDERLY AUTH REVENUE           | CUSIP: 360058FK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $730936.00    | 0.64%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Forsyth County Hospital Authority                                           | FORSYTH CNTY GA HOSP AUTH                                    | CUSIP: 34660EAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $599499.60    | 0.53%             | 2028-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Gainesville School District                                                 | GAINESVILLE GA SCH DIST                                      | CUSIP: 363005CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028510.00   | 0.90%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Valdosta Board of Education                                                 | VALDOSTA GA CITY SCH SYS                                     | CUSIP: 919069AX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070680.00   | 0.94%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA                                                          | ATLANTA GA                                                   | CUSIP: 047772J74<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1723905.00   | 1.51%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus GA Water & Sewerage Revenue                                | COLUMBUS GA WTR & SWR REVENUE                                | CUSIP: 199144WL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264777.50    | 0.23%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fulton GA                                                         | FULTON CNTY GA                                               | CUSIP: 360046T63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092700.00   | 0.96%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                     | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207Q49<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1587315.00   | 1.39%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Monroe GA Combined Utility Revenue                                  | MONROE GA UTILITY REVENUE                                    | CUSIP: 610884EA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603264.00    | 0.53%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                   | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1205286.80   | 1.06%             | 2045-11-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Coweta County Water & Sewage Authority                                      | COWETA CNTY GA WTR & SEWAGE AUTH REVENUE                     | CUSIP: 223663CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1222395.00   | 1.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Buford GA Combined Utility System Revenue                           | BUFORD GA COMB UTILITY REVENUE                               | CUSIP: 120026AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502210.00    | 0.44%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Savannah Economic Development Authority                                     | SAVANNAH GA ECON DEV AUTH                                    | CUSIP: 80483CLH2<br>LEI: 549300Q7LO1N6BCXOD30 | Long             | DBT              | MUN               | US        |    180000 | PA      | $183589.20    | 0.16%             | 2024-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1299869.70   | 1.14%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                   | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MZN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1355787.50   | 1.19%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE          | CUSIP: 591745X25<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045480.00   | 0.92%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                               | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870QF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102220.00   | 0.97%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                    | COBB CNTY GA DEV AUTH REVENUE                                | CUSIP: 190806FE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043730.00   | 0.92%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA                                                         | DE KALB CNTY GA                                              | CUSIP: 240451YH1<br>LEI: 54930077BXREPE6WKC96 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088100.00   | 0.96%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Griffin GA Public Utility Revenue                                   | GRIFFIN GA COMB PUBLIC UTILITY REVENUE                       | CUSIP: 398192EE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001980.00   | 0.88%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bryan County School District                                                | BRYAN CNTY GA SCH DIST                                       | CUSIP: 117497CK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514725.00    | 0.45%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority                                      | CARROLL CITY-CNTY GA HOSP AUTH                               | CUSIP: 144709HM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534290.00    | 0.47%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Hospital Authority                                                 | SAVANNAH GA HOSP AUTH                                        | CUSIP: 804833FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481430.00    | 0.42%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                            | GEORGIA ST                                                   | CUSIP: 373385CU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038140.00   | 0.91%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jackson County School District/GA                                           | JACKSON CNTY GA SCH DIST                                     | CUSIP: 466784DY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1127440.00   | 0.99%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority                                      | CARROLL CITY-CNTY GA HOSP AUTH                               | CUSIP: 144709KZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $434605.00    | 0.38%             | 2038-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Albany-Dougherty Payroll Development Authority                              | ALBANY-DOUGHERTY GA PAYROLL DEV AUTH                         | CUSIP: 012192AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2201860.00   | 1.93%             | 2028-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| County of Fulton GA Water & Sewerage Revenue                                | FULTON CNTY GA WTR & SWR REVENUE                             | CUSIP: 360066PJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889310.00    | 0.78%             | 2037-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Columbia GA                                                       | COLUMBIA CNTY GA                                             | CUSIP: 197460FK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090110.00   | 0.96%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb Private Hospital Authority                                           | DE KALB GA PRIV HOSP AUTH                                    | CUSIP: 241064EX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1877570.10   | 1.65%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bleckley County School District                                             | BLECKLEY CNTY GA SCH DIST                                    | CUSIP: 093502BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090520.00   | 0.96%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                     | FULTON CNTY GA DEV AUTH REVENUE                              | CUSIP: 36005FCM5<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    425000 | PA      | $468061.00    | 0.41%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Heard County Public Facilities Authority                                    | HEARD CNTY GA PUB FACS AUTH REVENUE                          | CUSIP: 42225YAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $606015.50    | 0.53%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The | DALTON GA UTILITIES REVENUE                                  | CUSIP: 235586CZ5<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |    475000 | PA      | $468715.75    | 0.41%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cobb County & Marietta Water Authority                                      | COBB CNTY & MARIETTA GA WTR AUTH                             | CUSIP: 190846A62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $399795.00    | 0.35%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                           | ATLANTA GA DEV AUTH                                          | CUSIP: 04780NJC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $784372.50    | 0.69%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                  | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 610530FU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $877700.00    | 0.77%             | 2049-07-01      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                            | GEORGIA ST                                                   | CUSIP: 373384Z90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1575390.00   | 1.38%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                               | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                  | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300813.00    | 0.26%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                  | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 610530FR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $950340.00    | 0.83%             | 2025-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LS33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099950.00   | 0.97%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forsyth County School District                                              | FORSYTH CNTY GA SCH DIST                                     | CUSIP: 346604KN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $545420.00    | 0.48%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Athens-Clarke County Unified Government Development Authority               | ATHENS-CLARKE CNTY GA UNIF GOVT DEV AUTH REVENUE             | CUSIP: 047059FW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1273716.00   | 1.12%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                         | DALTON WHITFIELD CNTY JT DEV AUTH                            | CUSIP: 235641AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $404812.00    | 0.36%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                     | GEORGIA ST PORTS AUTH                                        | CUSIP: 373586GB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $849187.50    | 0.75%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The | DALTON GA UTILITIES REVENUE                                  | CUSIP: 235586CX0<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502715.00    | 0.44%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority                                      | CARROLL CITY-CNTY GA HOSP AUTH                               | CUSIP: 144709KY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502175.00    | 0.44%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                   | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $612660.00    | 0.54%             | 2032-10-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                        | PUERTO RICO ELEC PWR AUTH PWR REVENUE                        | CUSIP: 74526QPS5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    420000 | PA      | $417459.00    | 0.37%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                | GAINESVILLE & HALL CNTY GA HOSP AUTH                         | CUSIP: 362762LR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031140.00   | 0.91%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LL97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $263987.50    | 0.23%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Development Authority                             | GAINESVILLE & HALL CNTY GA DEV AUTH RETMNT CMNTY REVENUE     | CUSIP: 362763AQ7<br>LEI: 549300L0GMYXTK7H5359 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502830.00    | 0.44%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fulton County Residential Care Facilities for the Elderly Authority         | FULTON CNTY GA RSDL CARE FACS ELDERLY AUTH REVENUE           | CUSIP: 360058FM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $853056.80    | 0.75%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                  | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 610530FE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $469675.00    | 0.41%             | 2039-01-01      | Floating      | 1.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                              | PUERTO RICO HIGHWAY & TRANSPRTN AUTH HIGHWAY REVENUE         | CUSIP: 745181XQ5<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99814.00     | 0.09%             | 2023-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                     | FULTON CNTY GA DEV AUTH                                      | CUSIP: 3599008B6<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571520.00   | 1.38%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                | GAINESVILLE & HALL CNTY GA HOSP AUTH                         | CUSIP: 362762PN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1481880.00   | 1.30%             | 2037-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                     | GEORGIA ST PORTS AUTH                                        | CUSIP: 373586HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2909250.00   | 2.56%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                    | ROCKDALE CNTY GA DEV AUTH                                    | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $905790.00    | 0.80%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265L2X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1185070.00   | 1.04%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forsyth County Public Facilities Authority                                  | FORSYTH CNTY GA PUBLIC FACS AUTH REVENUE                     | CUSIP: 346603AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $300645.90    | 0.26%             | 2031-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                      | GEORGIA ST ROAD & TOLLWAY AUTH FEDERAL HIGHWAY REIMBURSEMENT | CUSIP: 373376CV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $914517.05    | 0.80%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bryan County School District                                                | BRYAN CNTY GA SCH DIST                                       | CUSIP: 117497CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $446349.15    | 0.39%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clarke County School District/GA                                            | CLARKE CNTY GA SCH DIST                                      | CUSIP: 181687ER1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1979363.00   | 1.74%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                 | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025050.00   | 0.90%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                | GAINESVILLE & HALL CNTY GA HOSP AUTH                         | CUSIP: 362762QA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $922411.50    | 0.81%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Savannah Authority                                                 | DOWNTOWN SAVANNAH GA AUTH                                    | CUSIP: 261172MX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2495000 | PA      | $2583273.10   | 2.27%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Rockdale GA Stormwater System Revenue                             | ROCKDALE CNTY GA STORMWTR REVENUE                            | CUSIP: 773030AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496575.00    | 0.44%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lee County School District/GA                                               | LEE CNTY GA SCH DIST                                         | CUSIP: 523552DH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $762825.00    | 0.67%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newnan Water Sewerage & Light Commission                                    | NEWNAN GA WTR SEWERAGE & LIGHT COMMISSION                    | CUSIP: 651695EJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1068464.80   | 0.94%             | 2024-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LM62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055530.00   | 0.93%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Athens-Clarke County Unified Government Development Authority               | ATHENS-CLARKE CNTY GA UNIF GOVT DEV AUTH REVENUE             | CUSIP: 047059DL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1081879.20   | 0.95%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Municipal Association Inc                                           | GEORGIA ST MUNI ASSN INC COPS                                | CUSIP: 373283CX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537130.00    | 0.47%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                               | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870MA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024390.00   | 0.90%             | 2030-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Worth County School District                                                | WORTH CNTY GA SCH DIST                                       | CUSIP: 981650BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $250528.80    | 0.22%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henry County Water Authority                                                | HENRY CNTY & HENRY CNTY WTR & SEWERAGE AUTH GA REVENUE       | CUSIP: 426366BD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527870.00    | 0.46%             | 2025-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Savannah Economic Development Authority                                     | SAVANNAH GA ECON DEV AUTH                                    | CUSIP: 80483CQE4<br>LEI: 549300Q7LO1N6BCXOD30 | Long             | DBT              | MUN               | US        |    250000 | PA      | $247785.00    | 0.22%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                   | COBB CNTY GA KENNESTONE HOSP AUTH                            | CUSIP: 190813RC1<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519175.00    | 0.46%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LU63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402876.00    | 0.35%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Paulding County Hospital Authority/GA                                       | PAULDING CNTY GA HOSP AUTH                                   | CUSIP: 703596EF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281850.00   | 1.13%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                                 | GLYNN-BRUNSWICK GA MEMORIAL HOSP AUTH                        | CUSIP: 380037HC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $459370.00    | 0.40%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Richmond County Hospital Authority                                          | RICHMOND CNTY GA HOSP AUTH REVENUE ANTICIPATION CTFS         | CUSIP: 764603BQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1374685.00   | 1.21%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cedartown Polk County Hospital Authority                                    | CEDARTOWN GA POLK CNTY HOSP AUTH                             | CUSIP: 150759AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $915331.00    | 0.80%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Hospital Authority                                                 | SAVANNAH GA HOSP AUTH                                        | CUSIP: 804833EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506275.00    | 0.44%             | 2030-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Forsyth County School District                                              | FORSYTH CNTY GA SCH DIST                                     | CUSIP: 346604KH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110010.00   | 0.98%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bryan County School District                                                | BRYAN CNTY GA SCH DIST                                       | CUSIP: 117497DN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1146106.80   | 1.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Point Building Authority                                               | EAST POINT GA BLDG AUTH                                      | CUSIP: 274501FW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $741238.35    | 0.65%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walton County Water & Sewer Authority                                       | WALTON CNTY GA WTR & SWR AUTH REVENUE                        | CUSIP: 93342PFK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1120750.00   | 0.98%             | 2047-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The | DALTON GA UTILITIES REVENUE                                  | CUSIP: 235586DA9<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968990.00    | 0.85%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett County Water & Sewerage Authority                                  | GWINNETT CNTY GA WTR & SEWERAGE AUTH                         | CUSIP: 403760LQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036430.00   | 0.91%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LU55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $618138.25    | 0.54%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                        | PUERTO RICO ELEC PWR AUTH PWR REVENUE                        | CUSIP: 74526QPM8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    980000 | PA      | $985056.80    | 0.87%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Athens-Clarke County GA Unified Government Water & Sewerage Revenue         | ATHENS-CLARKE CNTY GA UNIF GOVT WTR & SEWERAGE REVENUE       | CUSIP: 047061DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046840.00   | 0.92%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                   | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MXG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2662950.00   | 2.34%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Smyrna Development Authority                                       | DOWNTOWN SMYRNA GA DEV AUTH                                  | CUSIP: 261174FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2886585.20   | 2.54%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                     | FULTON CNTY GA DEV AUTH HOSP  REVENUE                        | CUSIP: 36005GAV5<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1293012.50   | 1.14%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                   | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MVV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $577248.00    | 0.51%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Local Government                                                    | GEORGIA ST LOCAL GOVT COPS                                   | CUSIP: 373271AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1428000 | PA      | $1503398.40   | 1.32%             | 2028-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                                 | GLYNN-BRUNSWICK GA MEMORIAL HOSP AUTH                        | CUSIP: 380037HA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $231525.00    | 0.20%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE          | CUSIP: 591745V35<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059420.00   | 0.93%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                                 | GLYNN-BRUNSWICK GA MEMORIAL HOSP AUTH                        | CUSIP: 380037FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $669168.50    | 0.59%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brookhaven Development Authority                                            | BROOKHAVEN DEV AUTH GA                                       | CUSIP: 113073AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529775.00    | 0.47%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                   | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MTK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021880.00   | 0.90%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walton County Water & Sewer Authority                                       | WALTON CNTY GA WTR & SWR AUTH REVENUE                        | CUSIP: 93342PFL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094090.00   | 0.96%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-22

**Name of Applicant:** EATON VANCE MUNICIPALS TRUST

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer