# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-23-014886
**Filing Date:** 2023-1
**Character Count:** 65606
**Document Hash:** 1b2c68b82c669d2255e8bcf57cb0602c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014886.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014886

**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:** 23557042

**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 Maryland Municipal Income Fund (Series ID: S000004840)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000013104 | Eaton Vance Maryland Municipal Income Fund Class A | ETMDX           |
| C000013106 | Eaton Vance Maryland Municipal Income Fund Class C | ECMDX           |
| C000063947 | Eaton Vance Maryland Municipal Income Fund Class I | EIMDX           |

## Nport-Ex

Eaton Vance<br>

Maryland Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 92.8%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 1.3% | Bond Bank — 1.3% | Bond Bank — 1.3% |
| Maryland Community Development Administration, (Local Government Infrastructure), 4.00%, 6/1/40 | $1000 | &nbsp;&nbsp;$1012270 |
|  |  | &nbsp;&nbsp;**$1012270** |
| Education — 9.5% | Education — 9.5% | Education — 9.5% |
| Maryland Health and Higher Educational Facilities Authority, (Loyola University Maryland), 5.00%, 10/1/49 | $1000 | &nbsp;&nbsp;$1060400 |
| Maryland Health and Higher Educational Facilities Authority, (Pooled Loan Program), (LOC: TD Bank, N.A.), 1.80%, 4/1/35<sup>(1)</sup> | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 |
| Maryland Health and Higher Educational Facilities Authority, (Stevenson University): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;&nbsp; 377430 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;495 | &nbsp;&nbsp;&nbsp;&nbsp; 524675 |
| Maryland Industrial Development Financing Authority, (Garrison Forest School, Inc.), 4.00%, 11/1/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 957620 |
| Maryland Industrial Development Financing Authority, (McDonogh School), 4.00%, 9/1/43 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp; 1051611 |
| Maryland Stadium Authority, Built to Learn Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/52 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 931840 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp; 139619 |
| University System of Maryland, 4.00%, 4/1/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1025490 |
|  |  | &nbsp;&nbsp;**$7568685** |
| Escrowed/Prerefunded — 1.3% | Escrowed/Prerefunded — 1.3% | Escrowed/Prerefunded — 1.3% |
| Montgomery County, MD, Prerefunded to 11/1/24, 5.00%, 11/1/29 | $1000 | &nbsp;&nbsp;$1045740 |
|  |  | &nbsp;&nbsp;**$1045740** |
| General Obligations — 31.5% | General Obligations — 31.5% | General Obligations — 31.5% |
| Anne Arundel County, MD: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/36 | $1000 | &nbsp;&nbsp;$1086870 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1092290 |
| Baltimore County, MD: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1012630 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/31 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1144680 |
| Baltimore, MD: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 10/15/25 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1351444 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp; 298713 |
| Caroline County, MD, 3.00%, 1/15/37 | 1335 | &nbsp;&nbsp;&nbsp;&nbsp; 1186962 |
| Charles County, MD: |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 10/1/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1025160 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1065910 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Frederick County, MD: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/24 | $1000 | &nbsp;&nbsp;$1039050 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/28 | 2300 | &nbsp;&nbsp;&nbsp;&nbsp; 2594699 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp; 795272 |
| Howard County, MD, 4.00%, 8/15/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1037260 |
| Montgomery County, MD: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/1/33 | 1065 | &nbsp;&nbsp;&nbsp;&nbsp; 1131776 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/23 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2033240 |
| Prince George's County, MD: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/23 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1521585 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/26 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2163660 |
| Puerto Rico, 5.625%, 7/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1025050 |
| Talbot County, MD, 5.00%, 1/1/37 | 1380 | &nbsp;&nbsp;&nbsp;&nbsp; 1571723 |
| Worcester County, MD, 4.00%, 8/1/33 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1051220 |
|  |  | &nbsp;&nbsp;**$25229194** |
| Hospital — 6.9% | Hospital — 6.9% | Hospital — 6.9% |
| Maryland Health and Higher Educational Facilities Authority, (Adventist HealthCare), 4.00%, 1/1/38 | $&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;$191790 |
| Maryland Health and Higher Educational Facilities Authority, (Anne Arundel Health System), 5.00%, 7/1/32 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1052190 |
| Maryland Health and Higher Educational Facilities Authority, (Peninsula Regional Health System), 4.00%, 7/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 458240 |
| Maryland Health and Higher Educational Facilities Authority, (Peninsula Regional Medical Center), Prerefunded to 7/1/24, 5.00%, 7/1/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1035940 |
| Maryland Health and Higher Educational Facilities Authority, (University of Maryland Medical System), 5.00%, 7/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1039780 |
| Maryland Health and Higher Educational Facilities Authority, (UPMC): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 459020 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp; 299519 |
| Montgomery County, MD, (Trinity Health Corp.), 5.00%, 12/1/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1018610 |
|  |  | &nbsp;&nbsp;**$5555089** |
| Housing — 12.6% | Housing — 12.6% | Housing — 12.6% |
| Howard County Housing Commission, MD, (Woodfield Oxford Square Apartments), 5.00%, 12/1/37 | $1000 | &nbsp;&nbsp;$1050310 |
| Maryland Community Development Administration, 2.30%, 9/1/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 816620 |
| Maryland Community Development Administration, Social Bonds: |  |  |
| &nbsp;&nbsp;&nbsp;1.40%, 9/1/28 | 1010 | &nbsp;&nbsp;&nbsp;&nbsp; 896799 |
| &nbsp;&nbsp;&nbsp;1.65%, 9/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;805 | &nbsp;&nbsp;&nbsp;&nbsp; 709978 |

---

------

Eaton Vance<br>

Maryland Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing (continued) | Housing (continued) | Housing (continued) |
| Maryland Community Development Administration, Social Bonds: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;1.80%, 9/1/30 | $&nbsp;&nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;$548094 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), 4.40%, 9/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1036150 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), 6.00%, 3/1/53<sup>(2)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1086870 |
| Maryland Economic Development Corp., (Bowie State University), Student Housing Revenue, 4.00%, 7/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp; 263576 |
| Maryland Economic Development Corp., (Morgan State University), Student Housing Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/56 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 146651 |
| &nbsp;&nbsp;&nbsp;5.625%, 7/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 531360 |
| Maryland Economic Development Corp., (Towson University), 5.00%, 7/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 971720 |
| Montgomery County Housing Opportunities Commission, MD: |  |  |
| &nbsp;&nbsp;&nbsp;1.95%, 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 174772 |
| &nbsp;&nbsp;&nbsp;2.00%, 1/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 172580 |
| &nbsp;&nbsp;&nbsp;2.05%, 7/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 171108 |
| &nbsp;&nbsp;&nbsp;2.10%, 1/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp; 185750 |
| &nbsp;&nbsp;&nbsp;2.125%, 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp; 184257 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), (LOC: TD Bank, N.A.), 1.90%, 1/1/49<sup>(1)</sup> | 1120 | &nbsp;&nbsp;&nbsp;&nbsp; 1120000 |
|  |  | &nbsp;&nbsp;**$10066595** |
| Industrial Development Revenue — 0.4% | Industrial Development Revenue — 0.4% | Industrial Development Revenue — 0.4% |
| Maryland Economic Development Corp., (AFCO Cargo), (AMT), 3.50%, 7/1/24<sup>(3)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;$287684 |
|  |  | &nbsp;&nbsp;**$287684** |
| Insured - Electric Utilities — 0.2% | Insured - Electric Utilities — 0.2% | Insured - Electric Utilities — 0.2% |
| Puerto Rico Electric Power Authority, (AGM), 5.00%, 7/1/23 | $&nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;$135903 |
|  |  | &nbsp;&nbsp;**$135903** |
| Insured - Escrowed/Prerefunded — 2.7% | Insured - Escrowed/Prerefunded — 2.7% | Insured - Escrowed/Prerefunded — 2.7% |
| Maryland Health and Higher Educational Facilities Authority, (Helix Health Issue), (AMBAC), Escrowed to Maturity, 5.00%, 7/1/27 | $2080 | &nbsp;&nbsp;$2196875 |
|  |  | &nbsp;&nbsp;**$2196875** |
| Insured - Hospital — 4.1% | Insured - Hospital — 4.1% | Insured - Hospital — 4.1% |
| Maryland Health and Higher Educational Facilities Authority, (Medlantic/Helix Issue), (AMBAC), 5.25%, 8/15/38 | $3035 | &nbsp;&nbsp;$3307786 |
|  |  | &nbsp;&nbsp;**$3307786** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Transportation — 0.6% | Insured - Transportation — 0.6% | Insured - Transportation — 0.6% |
| Puerto Rico Highway and Transportation Authority, (AGC), 5.25%, 7/1/41 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$494945 |
|  |  | &nbsp;&nbsp;**$494945** |
| Senior Living/Life Care — 6.2% | Senior Living/Life Care — 6.2% | Senior Living/Life Care — 6.2% |
| Baltimore County, MD, (Oak Crest Village, Inc.), 4.00%, 1/1/45 | $1000 | &nbsp;&nbsp;$889320 |
| Baltimore County, MD, (Riderwood Village, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 990310 |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp; 103460 |
| Howard County, MD, (Vantage House), 5.00%, 4/1/26 | 1050 | &nbsp;&nbsp;&nbsp;&nbsp; 1022700 |
| Maryland Health and Higher Educational Facilities Authority, (Edenwald), 5.25%, 1/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 507680 |
| Rockville, MD, (Ingleside at King Farm), 5.00%, 11/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 924570 |
| Washington County, MD, (Diakon Lutheran Social Ministries), Prerefunded to 1/1/29, 5.00%, 1/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 558740 |
|  |  | &nbsp;&nbsp;**$4996780** |
| Special Tax Revenue — 2.3% | Special Tax Revenue — 2.3% | Special Tax Revenue — 2.3% |
| American Samoa Economic Development Authority, 5.00%, 9/1/38<sup>(3)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$300813 |
| Baltimore, MD, (Harbor Point), 3.625%, 6/1/46<sup>(3)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 765380 |
| Maryland Economic Development Corp., (Port Covington), 3.25%, 9/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 268032 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 474405 |
|  |  | &nbsp;&nbsp;**$1808630** |
| Transportation — 8.7% | Transportation — 8.7% | Transportation — 8.7% |
| Maryland Department of Transportation, (Baltimore/Washington International Thurgood Marshall Airport), (AMT), 5.00%, 8/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;$559983 |
| Maryland Economic Development Corp., (Purple Line Light Rail), Green Bonds, (AMT), 5.00%, 11/12/28 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 524045 |
| Maryland Economic Development Corp., (Seagirt Marine Terminal), (AMT), 5.00%, 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 252618 |
| Maryland Economic Development Corp., (Transportation Facilities), 5.00%, 6/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 526335 |
| Maryland Economic Development Corp., Parking Facilities Revenue, 5.00%, 6/1/58 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 926720 |
| Maryland Transportation Authority, (AMT), 4.00%, 6/1/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 980640 |
| Metropolitan Washington Airports Authority, D.C., (AMT), 4.00%, 10/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 714922 |
| Washington Metropolitan Area Transit Authority, D.C.: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/31 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1090910 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 7/15/46 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1347125 |
|  |  | &nbsp;&nbsp;**$6923298** |

---

------

Eaton Vance<br>

Maryland Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Water and Sewer — 4.5% | Water and Sewer — 4.5% | Water and Sewer — 4.5% |
| Baltimore, MD, (Wastewater Projects), 5.00%, 7/1/30 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$571080 |
| Baltimore, MD, (Water Projects): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/37 | 1010 | &nbsp;&nbsp;&nbsp;&nbsp; 1033018 |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp; 453437 |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;455 | &nbsp;&nbsp;&nbsp;&nbsp; 462057 |
| Washington Suburban Sanitary District, MD, 5.00%, 6/15/30 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1104450 |
|  |  | &nbsp;&nbsp;**$3624042** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $77,933,324) |  | &nbsp;&nbsp;**$74253516** |

---

Taxable Municipal Obligations — 5.6%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations — 3.0% | General Obligations — 3.0% | General Obligations — 3.0% |
| Maryland, 0.41%, 8/1/23 | $2000 | &nbsp;&nbsp;$1945260 |
| Watertown, CT: |  |  |
| &nbsp;&nbsp;&nbsp;2.05%, 10/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;305 | &nbsp;&nbsp;&nbsp;&nbsp; 245293 |
| &nbsp;&nbsp;&nbsp;2.50%, 10/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp; 204655 |
|  |  | &nbsp;&nbsp;**$2395208** |
| Hospital — 2.0% | Hospital — 2.0% | Hospital — 2.0% |
| Maryland Health and Higher Educational Facilities Authority, (Adventist HealthCare), 1.812%, 1/1/25 | $1000 | &nbsp;&nbsp;$921460 |
| Maryland Health and Higher Educational Facilities Authority, (University of Maryland Medical System), 3.052%, 7/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 710320 |
|  |  | &nbsp;&nbsp;**$1631780** |
| Transportation — 0.6% | Transportation — 0.6% | Transportation — 0.6% |
| Prince George's County Revenue Authority, MD, (Regional Medical Center Garage): |  |  |
| &nbsp;&nbsp;&nbsp;2.553%, 8/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;$254499 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation (continued) | Transportation (continued) | Transportation (continued) |
| Prince George's County Revenue Authority, MD, (Regional Medical Center Garage): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;2.593%, 8/1/27 | $&nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;$235947 |
|  |  | &nbsp;&nbsp;**$490446** |
| Total Taxable Municipal Obligations<br> (identified cost $5,061,160) |  | &nbsp;&nbsp;**$4517434** |
| Total Investments — 98.4%<br> (identified cost $82,994,484) |  | &nbsp;&nbsp;**$78770950** |
| Other Assets, Less Liabilities — 1.6% |  | &nbsp;&nbsp;**$1256375** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$80027325** |

---

---

| | |
|:---|:---|
| 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> | Variable rate demand obligation that may be tendered at par on any day for payment the lesser of 5 business days or 7 calendar days. The stated interest rate, which generally resets weekly, is determined by the remarketing agent and represents the rate in effect at November 30, 2022. |
| <sup>(2)</sup> | When-issued security. |
| <sup>(3)</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 $1,353,877 or 1.7% of the Fund's net assets. |
| The Fund invests primarily in debt securities issued by Maryland 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, 7.8% 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 0.2% to 7.0% of total investments. | The Fund invests primarily in debt securities issued by Maryland 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, 7.8% 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 0.2% to 7.0% of total investments. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AGC | – Assured Guaranty Corp. |
| 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. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| LOC | – Letter of Credit |

---

------

Eaton Vance<br>

Maryland Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

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;$74253516 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$74253516 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4517434 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4517434 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$78770950** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$78770950** |

---

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 Maryland Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000004840

- **c. LEI of Series:** 5493002UB7AGQZ37Y944

**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:** $81481952.27

**Total Liabilities:** $1362752.94

**Net Assets:** $80119199.33

**Delayed Delivery Securities:** $1067100.00

**Cash Not Reported:** $1652572.40

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -227.50000000 | **1-Year:** -2464.99000000 | **5-Year:** -13485.63000000 | **10-Year:** -21341.75000000 | **30-Year:** -4044.00000000

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

- **3-Month:** -17.67000000 | **1-Year:** -313.66000000 | **5-Year:** -1071.89000000 | **10-Year:** -1429.07000000 | **30-Year:** -436.50000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063947 | -3.92%               | -0.68%               | 4.68%                |
| Class ID C000013106 | -4.00%               | -0.69%               | 4.59%                |
| Class ID C000013104 | -3.83%               | -0.70%               | 4.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-205258.39              | $-3114321.49                               |
| Month 2  | $0.00                    | $-666250.28                                |
| Month 3  | $-297950.22              | $3717525.48                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| City of Baltimore MD                                                          | BALTIMORE MD PROJ REVENUE                                  | CUSIP: 05922KK57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $453437.20    | 0.57%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 5742187L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $459020.00    | 0.57%             | 2045-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                          | PUERTO RICO ELEC PWR AUTH PWR REVENUE                      | CUSIP: 74526QLS9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    135000 | PA      | $135903.15    | 0.17%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE            | CUSIP: 57422JBH0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524045.00    | 0.65%             | 2028-11-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                          | BALTIMORE MD                                               | CUSIP: 059189RM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1351444.50   | 1.69%             | 2025-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 574218WT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039780.00   | 1.30%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Caroline MD                                                         | CAROLINE CNTY MD                                           | CUSIP: 144240MD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1186961.85   | 1.48%             | 2037-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Talbot MD                                                           | TALBOT CNTY MD                                             | CUSIP: 874160LZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1571723.40   | 1.96%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                       | MONTGOMERY CNTY MD                                         | CUSIP: 61334PBK8<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1131775.50   | 1.41%             | 2033-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                 | MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV           | CUSIP: 57419TGS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $816620.00    | 1.02%             | 2035-09-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP ECON DEV REVENUE                 | CUSIP: 57420NBZ3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $526335.00    | 0.66%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Industrial Development Financing Authority                           | MARYLAND ST INDL DEV FING AUTH ECON DEV REVENUE            | CUSIP: 574221MD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957620.00    | 1.20%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority Built to Learn Revenue                             | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE               | CUSIP: 574294BV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $931840.00    | 1.16%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                                | PUERTO RICO HIGHWAY & TRANSPRTN AUTH TRANSPRTN REVENUE     | CUSIP: 745190UR7<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | US        |    500000 | PA      | $494945.00    | 0.62%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                  | PRINCE GEORGES CNTY MD                                     | CUSIP: 741702AD6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2163660.00   | 2.70%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP STUDENT HSG REVENUE              | CUSIP: 57420VRM7<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    150000 | PA      | $146650.50    | 0.18%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                 | MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV           | CUSIP: 57419TH46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086870.00   | 1.36%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Prince George's County Revenue Authority                                      | PRINCE GEORGES CNTY MD REVENUE AUTH REVENUE                | CUSIP: 74173FAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $254498.75    | 0.32%             | 2026-08-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                           | HOWARD CNTY MD                                             | CUSIP: 44256PWC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037260.00   | 1.29%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 5742185T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060400.00   | 1.32%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                          | BALTIMORE MD                                               | CUSIP: 059189VM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $298713.25    | 0.37%             | 2026-10-15      | Fixed         | 5.00%                 | 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        |    500000 | PA      | $474405.00    | 0.59%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Housing Opportunities Commission                            | MONTGOMERY CNTY MD HSG OPPNTYSCOMMN MFH & RECONSTR DEV REV | CUSIP: 613347QV8<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |    200000 | PA      | $174772.00    | 0.22%             | 2031-07-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 57421CDG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921460.00    | 1.15%             | 2025-01-01      | Fixed         | 1.81%                 | No            |                  2 | On Loan: No      |
| Montgomery County Housing Opportunities Commission                            | MONTGOMERY CNTY MD HSG OPPNTYSCOMMN MFH & RECONSTR DEV REV | CUSIP: 613347QY2<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |    220000 | PA      | $185750.40    | 0.23%             | 2033-01-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                     | ANNE ARUNDEL CNTY MD                                       | CUSIP: 03588HYK6<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092290.00   | 1.36%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                          | CHARLES CNTY MD                                            | CUSIP: 159808RV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065910.00   | 1.33%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority Built to Learn Revenue                             | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE               | CUSIP: 574294BE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $139618.75    | 0.17%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 57421CBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $524675.25    | 0.65%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                          | BALTIMORE MD PROJ REVENUE                                  | CUSIP: 05922KK40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1033017.90   | 1.29%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                       | MONTGOMERY CNTY MD REVENUE                                 | CUSIP: 61336PEV9<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018610.00   | 1.27%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                        | BALTIMORE CNTY MD                                          | CUSIP: 05914F3T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1144680.00   | 1.43%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 574218A29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507680.00    | 0.63%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Watertown CT                                                          | WATERTOWN CT                                               | CUSIP: 941893W47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $204655.00    | 0.26%             | 2036-10-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 5742163J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $3307785.80   | 4.13%             | 2038-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 574216XB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2196875.20   | 2.74%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                        | FREDERICK CNTY MD                                          | CUSIP: 35569PDS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039050.00   | 1.30%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 57421CCA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $377430.40    | 0.47%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                     | ANNE ARUNDEL CNTY MD                                       | CUSIP: 03588HUQ7<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086870.00   | 1.36%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                 | MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV           | CUSIP: 57419TVA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $548093.70    | 0.68%             | 2030-09-01      | Fixed         | 1.80%                 | 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    | 0.38%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                           | HOWARD CNTY MD RETMNT CMNTY REVENUE                        | CUSIP: 442593AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1022700.00   | 1.28%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                       | MONTGOMERY CNTY MD                                         | CUSIP: 61334PEH2<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033240.00   | 2.54%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                        | BALTIMORE CNTY MD REVENUE                                  | CUSIP: 059151DG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990310.00    | 1.24%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 5742182Z5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052190.00   | 1.31%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Housing Opportunities Commission                            | MONTGOMERY CNTY MD HSG OPPNTYSCOMMN MFH & RECONSTR DEV REV | CUSIP: 613347QZ9<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |    220000 | PA      | $184256.60    | 0.23%             | 2033-07-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                       | MONTGOMERY CNTY MD                                         | CUSIP: 6133403N6<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045740.00   | 1.31%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Industrial Development Financing Authority                           | MARYLAND ST INDL DEV FING AUTH ECON DEV REVENUE            | CUSIP: 574221NC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1051611.00   | 1.31%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                | MARYLAND ST DEPT OF TRANSPRTN                              | CUSIP: 57421FAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $559982.80    | 0.70%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                 | MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV           | CUSIP: 57419TUY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $709977.80    | 0.89%             | 2029-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP STUDENT HSG REVENUE              | CUSIP: 57420VSM6<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $531360.00    | 0.66%             | 2043-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                        | FREDERICK CNTY MD                                          | CUSIP: 35569PFY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2594699.00   | 3.24%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 574215RD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 1.87%             | 2035-04-01      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                   | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE              | CUSIP: 592647KK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $714922.50    | 0.89%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Prince George's County Revenue Authority                                      | PRINCE GEORGES CNTY MD REVENUE AUTH REVENUE                | CUSIP: 74173FAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $235947.40    | 0.29%             | 2027-08-01      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP ECON DEV REVENUE                 | CUSIP: 57420NCV1<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252617.50    | 0.32%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 574218UF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035940.00   | 1.29%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                             | MARYLAND ST                                                | CUSIP: 574193TP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1945260.00   | 2.43%             | 2023-08-01      | Fixed         | 0.41%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration Local Government Infrastructure | LOCAL GOVT INFRASTRUCTURE MD CMNTY DEV ADMIN               | CUSIP: 574039HZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012270.00   | 1.26%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                          | BALTIMORE MD PROJ REVENUE                                  | CUSIP: 05922KV89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $571080.00    | 0.71%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                          | BALTIMORE MD SPL OBLIG                                     | CUSIP: 05923TCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $765380.00    | 0.96%             | 2046-06-01      | Fixed         | 3.62%                 | 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   | 1.28%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP SPL OBLIG                        | CUSIP: 57422FAD8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    300000 | PA      | $268032.00    | 0.33%             | 2030-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP AIR CARGO REVENUE                | CUSIP: 57420MAF0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    295000 | PA      | $287684.00    | 0.36%             | 2024-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Rockville MD                                                          | ROCKVILLE MD MAYOR & COUNCIL ECON DEV REVENUE              | CUSIP: 774223BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924570.00    | 1.15%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority Passenger Facility Charge Revenue     | MARYLAND ST TRANSPRTN AUTH PASSENGER FAC CHARGE            | CUSIP: 57429NCY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980640.00    | 1.22%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE          | CUSIP: 938782ET2<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090910.00   | 1.36%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue              | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE      | CUSIP: 93878YBU2<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1347125.00   | 1.68%             | 2046-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                        | BALTIMORE CNTY MD REVENUE                                  | CUSIP: 059151DH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $103459.65    | 0.13%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                  | PRINCE GEORGES CNTY MD                                     | CUSIP: 7417017T7<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521585.00   | 1.90%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                 | MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV           | CUSIP: 57419TUW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $896799.20    | 1.12%             | 2028-09-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                          | CHARLES CNTY MD                                            | CUSIP: 159808ST2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025160.00   | 1.28%             | 2047-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                        | BALTIMORE CNTY MD                                          | CUSIP: 05914FX47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012630.00   | 1.26%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Housing Opportunities Commission                            | MONTGOMERY CNTY MD HSG OPPNTYSCOMMN MFH & RECONSTR DEV REV | CUSIP: 613347QX4<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |    200000 | PA      | $171108.00    | 0.21%             | 2032-07-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Howard County Housing Commission                                              | HOWARD CO MD HSG COMMN                                     | CUSIP: 442577DT6<br>LEI: 5493007CCS6UI1IIE878 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050310.00   | 1.31%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University System of Maryland                                                 | UNIV SYS OF MARYLAND MD AUXILARY FAC & TUITION REVENUE     | CUSIP: 9144025M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025490.00   | 1.28%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                       | WASHINGTON MD SUBURBAN SAN DIST                            | CUSIP: 940157P87<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104450.00   | 1.38%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Housing Opportunities Commission                            | MONTGOMERY CNTY MD HSG OPPNTYSCOMMN MFH & RECONSTR DEV REV | CUSIP: 613347QW6<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |    200000 | PA      | $172580.00    | 0.22%             | 2032-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 5742188L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $458240.00    | 0.57%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 57421CBH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $191790.00    | 0.24%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP STUDENT HSG REVENUE              | CUSIP: 57420VRH8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    315000 | PA      | $263576.25    | 0.33%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                          | BALTIMORE MD PROJ REVENUE                                  | CUSIP: 05922KK65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $462057.05    | 0.58%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                        | BALTIMORE CNTY MD REVENUE                                  | CUSIP: 059151CL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889320.00    | 1.11%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 5742187B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $299519.00    | 0.37%             | 2032-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Housing Opportunities Commission                            | MONTGOMERY CNTY MD HSG OPPORTUNITIES COMMISSION MF REVENUE | CUSIP: 61334MXK1<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1120000.00   | 1.40%             | 2049-01-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP PKG FACS REVENUE                 | CUSIP: 57422KAA3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926720.00    | 1.16%             | 2058-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washington MD                                                       | WASHINGTON CNTY MD CNTY COMMISSIONERS                      | CUSIP: 937752AR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558740.00    | 0.70%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                 | MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV           | CUSIP: 57419TWB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036150.00   | 1.29%             | 2037-09-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| County of Worcester MD                                                        | WORCESTER CNTY MD                                          | CUSIP: 981202QH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051220.00   | 1.31%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE           | CUSIP: 57421CAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $710320.00    | 0.89%             | 2040-07-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Town of Watertown CT                                                          | WATERTOWN CT                                               | CUSIP: 941893V71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $245293.20    | 0.31%             | 2031-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                        | FREDERICK CNTY MD                                          | CUSIP: 35569PCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $795271.50    | 0.99%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP STUDENT HSG REVENUE              | CUSIP: 57420VQS5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971720.00    | 1.21%             | 2037-07-01      | 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