# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001410368-26-008059
**Filing Date:** 2026-1
**Character Count:** 81317
**Document Hash:** 1c835c8e7589e94ad92f94c2a9c9b3f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-008059.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001410368-26-008059

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eaton Vance Municipals Trust
- **CENTRAL INDEX KEY:** 0000778365

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04409
- **FILM NUMBER:** 26569022

**BUSINESS ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE MUNICIPALS TRUST
- **DATE OF NAME CHANGE:** 19920703

**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, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Mortgage-Backed Securities — 0.8%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing — 0.8% | Housing — 0.8% | Housing — 0.8% |
| Housing Authority of Savannah, GA, (Pines At Garden City), Series 2025A, (FNMA), 4.75%, 3/1/42 | $&nbsp;&nbsp;&nbsp;&nbsp;995 | &nbsp;&nbsp;$1063585 |
| Total Tax-Exempt Mortgage-Backed Securities<br> (identified cost $995,000) |  | &nbsp;&nbsp;**$1063585** |

---

Tax-Exempt Municipal Obligations — 96.1%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 5.8% | Education — 5.8% | Education — 5.8% |
| Cobb County Development Authority, GA, (Georgia Tech Cobb Research), 5.00%, 6/1/49 | $1000 | &nbsp;&nbsp;$1009004 |
| Cobb County Development Authority, GA, (Mt. Bethel Christian Academy), 6.00%, 6/1/45<sup>(1)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1033883 |
| Fulton County Development Authority, GA, (Georgia Tech Facilities, Inc.), 5.00%, 6/15/49 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp; 656240 |
| Georgia Private Colleges and Universities Authority, (Savannah College of Art and Design), 4.00%, 4/1/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1916356 |
| Private Colleges and Universities Authority, GA, (Emory University), 5.25%, 9/1/39 | 2290 | &nbsp;&nbsp;&nbsp;&nbsp; 2661442 |
| Public Finance Authority, WI, (Cherokee Classical Academy), 6.00%, 6/15/35<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 206550 |
|  |  | &nbsp;&nbsp;**$7483475** |
| Electric Utilities — 1.6% | Electric Utilities — 1.6% | Electric Utilities — 1.6% |
| Dalton, GA, Combined Utilities Revenue, 4.00%, 3/1/34 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$511249 |
| Georgia Municipal Electric Power Authority, 5.00%, 1/1/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1519832 |
|  |  | &nbsp;&nbsp;**$2031081** |
| Escrowed/Prerefunded — 2.2% | Escrowed/Prerefunded — 2.2% | Escrowed/Prerefunded — 2.2% |
| Atlanta, GA, Water and Wastewater Revenue, Prerefunded to 11/1/27, 5.00%, 11/1/39 | $1500 | &nbsp;&nbsp;$1569741 |
| 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; 861521 |
| Forsyth County Hospital Authority, GA, (Georgia Baptist Health Care System), Escrowed to Maturity, 6.375%, 10/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp; 314622 |
|  |  | &nbsp;&nbsp;**$2745884** |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations — 11.9% | General Obligations — 11.9% | General Obligations — 11.9% |
| Atlanta Urban Redevelopment Agency, GA, 5.00%, 7/1/38 | $1000 | &nbsp;&nbsp;$1143055 |
| Atlanta, GA, Social Bonds, 5.00%, 12/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1127389 |
| Bryan County School District, GA: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 501928 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;&nbsp;&nbsp; 436460 |
| Charlton County School District, GA, 6.00%, 4/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp; 534285 |
| Dalton, GA, 5.00%, 2/1/48 | 1735 | &nbsp;&nbsp;&nbsp;&nbsp; 1764065 |
| Douglas County School District, GA, 5.00%, 4/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1193710 |
| Greene County School District, GA, 4.00%, 6/1/48 | 1610 | &nbsp;&nbsp;&nbsp;&nbsp; 1551960 |
| Hall County School District, GA, 5.00%, 2/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1110607 |
| Jackson County School District, GA, 5.00%, 3/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1167901 |
| Perry Public Facilities Authority, GA, 4.00%, 4/1/46 | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp; 429406 |
| Puerto Rico: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 540729 |
| &nbsp;&nbsp;&nbsp;5.625%, 7/1/29 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1592617 |
| Unified Government of Athens-Clarke County Development Authority, GA, 5.00%, 6/1/32 | 1080 | &nbsp;&nbsp;&nbsp;&nbsp; 1081994 |
| Valdosta Board of Education, GA, 5.00%, 2/1/35<sup>(2)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1138183 |
|  |  | &nbsp;&nbsp;**$15314289** |
| Hospital — 10.5% | Hospital — 10.5% | Hospital — 10.5% |
| Brookhaven Development Authority, GA, (Children's Healthcare of Atlanta), 4.00%, 7/1/49 | $1320 | &nbsp;&nbsp;$1205015 |
| Dalton Whitfield County Joint Development Authority, GA, (Hamilton Health Care System, Inc.), 5.00%, 8/15/35 | 2125 | &nbsp;&nbsp;&nbsp;&nbsp; 2443878 |
| DeKalb Private Hospital Authority, GA, (Children's Healthcare of Atlanta), 4.00%, 7/1/39 | 1615 | &nbsp;&nbsp;&nbsp;&nbsp; 1634281 |
| Fulton County Development Authority, GA, (Piedmont Healthcare, Inc.), 5.00%, 7/1/32 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1516842 |
| Fulton County Development Authority, GA, (WellStar Health System, Inc.), 5.00%, 4/1/37 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1273086 |
| Gainesville and Hall County Hospital Authority, GA, (Northeast Georgia Health System, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 2/15/45 | 1970 | &nbsp;&nbsp;&nbsp;&nbsp; 1847257 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/15/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1153670 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1018157 |
| 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; 243007 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 480106 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;&nbsp;&nbsp; 620741 |
|  |  | &nbsp;&nbsp;**$13436040** |

---

------

Eaton Vance<br>

Georgia Municipal Income Fund

November 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing — 9.4% | Housing — 9.4% | Housing — 9.4% |
| Atlanta Urban Residential Finance Authority, GA, (Flats At Stone Hogan), (FNMA), 4.37%, 5/1/44 | $1000 | &nbsp;&nbsp;$987144 |
| Cobb County Development Authority, GA, (KSU Summit II Student Housing): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 801743 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/15/43 | 1315 | &nbsp;&nbsp;&nbsp;&nbsp; 1391690 |
| Douglas County Housing Authority, GA, (Astoria at Crystal Lake), (FNMA), 4.375%, 4/1/43 | 1950 | &nbsp;&nbsp;&nbsp;&nbsp; 1984628 |
| Douglas County Housing Authority, GA, (Durelee Lane Senior Residences), (FNMA), 5.10%, 2/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1057568 |
| Georgia Housing and Finance Authority: |  |  |
| &nbsp;&nbsp;&nbsp;2.40%, 12/1/41 | 2125 | &nbsp;&nbsp;&nbsp;&nbsp; 1666768 |
| &nbsp;&nbsp;&nbsp;3.65%, 6/1/44 | 1485 | &nbsp;&nbsp;&nbsp;&nbsp; 1370840 |
| &nbsp;&nbsp;&nbsp;4.45%, 12/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1006517 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), 4.85%, 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 260719 |
| Warner Robins Housing Authority Resident Council Corp., GA, (Arbours at Wellston), 5.00% to 2/1/28 (Put Date), 2/1/29 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1562572 |
|  |  | &nbsp;&nbsp;**$12090189** |
| Industrial Development Revenue — 5.2% | Industrial Development Revenue — 5.2% | Industrial Development Revenue — 5.2% |
| Albany Dougherty Payroll Development Authority, GA, Solid Waste Disposal, (Procter & Gamble), 5.20%, 5/15/28 | $2000 | &nbsp;&nbsp;$2096547 |
| Burke County Development Authority, GA, (Georgia Power Co. Plant Vogtle): |  |  |
| &nbsp;&nbsp;&nbsp;2.20%, 10/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 659693 |
| &nbsp;&nbsp;&nbsp;2.90%, 7/1/49<sup>(3)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
| Monroe County Development Authority, GA, (Georgia Power Co. Plant Scherer), 1.00% to 8/21/26 (Put Date), 7/1/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 980980 |
| Rockdale County Development Authority, GA, (Pratt Paper, LLC), (AMT), 4.00%, 1/1/38<sup>(1)</sup> | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1968977 |
|  |  | &nbsp;&nbsp;**$6706197** |
| Insured - Electric Utilities — 4.6% | Insured - Electric Utilities — 4.6% | Insured - Electric Utilities — 4.6% |
| Georgia Municipal Electric Authority, (Plant Vogtle Units 3 & 4 Project J): |  |  |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 7/1/37 | $1470 | &nbsp;&nbsp;$1609692 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 7/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 153765 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 7/1/55 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1017905 |
| Griffin, GA, Public Utility Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 1/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp; 286702 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 1/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 213480 |
| Municipal Gas Authority of Georgia, GA, (Mid-State Energy Commission), (BAM), 5.00%, 9/1/43 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp; 1221544 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Electric Utilities (continued) | Insured - Electric Utilities (continued) | Insured - Electric Utilities (continued) |
| Puerto Rico Electric Power Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;980 | &nbsp;&nbsp;$988038 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp; 424567 |
|  |  | &nbsp;&nbsp;**$5915693** |
| Insured - General Obligations — 0.9% | Insured - General Obligations — 0.9% | Insured - General Obligations — 0.9% |
| Coweta County, GA, Water and Sewerage Authority, (AG), Escrowed to Maturity, 5.00%, 6/1/26 | $1135 | &nbsp;&nbsp;$1147913 |
|  |  | &nbsp;&nbsp;**$1147913** |
| Insured - Hospital — 0.8% | Insured - Hospital — 0.8% | Insured - Hospital — 0.8% |
| Columbia County Hospital Authority, GA, (WellStar Health System, Inc.), (AG), 5.00%, 4/1/48 | $1000 | &nbsp;&nbsp;$1037618 |
|  |  | &nbsp;&nbsp;**$1037618** |
| Insured - Lease Revenue/Certificates of Participation — 2.2% | Insured - Lease Revenue/Certificates of Participation — 2.2% | Insured - Lease Revenue/Certificates of Participation — 2.2% |
| Dacula Urban Redevelopment Agency, GA, (AG), 5.00%, 2/1/42 | $1175 | &nbsp;&nbsp;$1272496 |
| Georgia Local Government 1998A Grantor Trust, Certificates of Participation, (NPFG), 4.75%, 6/1/28 | 1492 | &nbsp;&nbsp;&nbsp;&nbsp; 1529776 |
|  |  | &nbsp;&nbsp;**$2802272** |
| Insured - Water and Sewer — 3.6% | Insured - Water and Sewer — 3.6% | Insured - Water and Sewer — 3.6% |
| Atlanta, GA, Water and Wastewater Revenue, Green Bonds, (BAM), 5.00%, 11/1/39 | $1000 | &nbsp;&nbsp;$1129101 |
| Augusta, GA, Water and Sewer Revenue, (BAM), 5.00%, 10/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 414128 |
| Braselton, GA, Water and Sewerage Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 7/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp; 139503 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 7/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp; 315241 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 7/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 168904 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp; 112149 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 7/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 219519 |
| DeKalb County, GA, Water and Sewerage Revenue, (AG), 5.25%, 10/1/32 | 1590 | &nbsp;&nbsp;&nbsp;&nbsp; 1619688 |
| Springfield, GA, Water and Sewer Fund: |  |  |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 9/1/44<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 266473 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 9/1/47<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 263452 |
|  |  | &nbsp;&nbsp;**$4648158** |
| Lease Revenue/Certificates of Participation — 0.6% | Lease Revenue/Certificates of Participation — 0.6% | Lease Revenue/Certificates of Participation — 0.6% |
| Georgia Municipal Association, Inc., Certificates of Participation, (Atlanta Public Safety), 5.00%, 12/1/37 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$517549 |

---

------

Eaton Vance<br>

Georgia Municipal Income Fund

November 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) |
| Sandy Springs Public Facilities Authority, GA, 2.00%, 5/1/35 | $&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$220658 |
|  |  | &nbsp;&nbsp;**$738207** |
| Other Revenue — 4.5% | Other Revenue — 4.5% | Other Revenue — 4.5% |
| Main Street Natural Gas, Inc., GA, Gas Supply Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00% to 6/1/29 (Put Date), 12/1/52 | $&nbsp;&nbsp;&nbsp;&nbsp;455 | &nbsp;&nbsp;$477594 |
| &nbsp;&nbsp;&nbsp;5.00% to 6/1/30 (Put Date), 6/1/53 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2116848 |
| &nbsp;&nbsp;&nbsp;5.00% to 12/1/30 (Put Date), 5/1/54 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1062946 |
| &nbsp;&nbsp;&nbsp;5.00% to 3/1/32 (Put Date), 12/1/54 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2160540 |
|  |  | &nbsp;&nbsp;**$5817928** |
| Senior Living/Life Care — 0.6% | Senior Living/Life Care — 0.6% | Senior Living/Life Care — 0.6% |
| Fulton County Residential Care Facilities for the Elderly Authority, GA, (Canterbury Court), 5.00%, 4/1/54<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;$293675 |
| 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; 505865 |
|  |  | &nbsp;&nbsp;**$799540** |
| Special Tax Revenue — 7.0% | Special Tax Revenue — 7.0% | Special Tax Revenue — 7.0% |
| American Samoa Economic Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/35<sup>(1)(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;$191109 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/38<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 204201 |
| Atlanta Development Authority, GA, (New Downtown Atlanta Stadium), 5.00%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp; 731572 |
| Atlanta Development Authority, GA, (Westside Gulch Area): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/34<sup>(1)</sup> | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1529992 |
| &nbsp;&nbsp;&nbsp;5.50%, 4/1/39<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 514803 |
| Cobb-Marietta Coliseum and Exhibit Hall Authority, GA, (Cobb Galleria Center): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp; 407162 |
| &nbsp;&nbsp;&nbsp;5.50%, 10/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp; 247029 |
| Metropolitan Atlanta Rapid Transit Authority, GA, Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;880 | &nbsp;&nbsp;&nbsp;&nbsp; 987348 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 7/1/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2143509 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1949932 |
|  |  | &nbsp;&nbsp;**$8906657** |
| Transportation — 12.8% | Transportation — 12.8% | Transportation — 12.8% |
| Atlanta, GA, Airport Customer Facility Charge: |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 7/1/45 | $1000 | &nbsp;&nbsp;$1079338 |
| &nbsp;&nbsp;&nbsp;5.50%, 7/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 547145 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation (continued) | Transportation (continued) | Transportation (continued) |
| Atlanta, GA, Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 7/1/35 | $1940 | &nbsp;&nbsp;$1964347 |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 7/1/40 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2942418 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.25%, 7/1/42 | 1420 | &nbsp;&nbsp;&nbsp;&nbsp; 1538869 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AMT), 5.25%, 7/1/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1083710 |
| Georgia Ports Authority, 4.00%, 7/1/47 | 2495 | &nbsp;&nbsp;&nbsp;&nbsp; 2405807 |
| Georgia Road and Tollway Authority, 5.00%, 7/15/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1088029 |
| Public Finance Authority, WI, (Georgia SR 400 Express Lanes): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.75%, 6/30/60 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1040335 |
| &nbsp;&nbsp;&nbsp;(AMT), 6.50%, 6/30/60 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1658813 |
| Virgin Islands Transportation and Infrastructure Corp., 5.00%, 9/1/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1062212 |
|  |  | &nbsp;&nbsp;**$16411023** |
| Water and Sewer — 11.9% | Water and Sewer — 11.9% | Water and Sewer — 11.9% |
| Cherokee County Water and Sewerage Authority, GA, 4.00%, 8/1/53 | $1250 | &nbsp;&nbsp;$1174416 |
| Coweta County Water and Sewerage Authority, GA, 5.00%, 6/1/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1052627 |
| DeKalb County, GA, Water and Sewerage Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1121916 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/45 | 2650 | &nbsp;&nbsp;&nbsp;&nbsp; 2793364 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/48 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1061155 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/50 | 1520 | &nbsp;&nbsp;&nbsp;&nbsp; 1603492 |
| Douglasville Douglas County Water and Sewer Authority, GA, 5.00%, 6/1/48 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1065331 |
| Fulton County, GA, Water and Sewerage Revenue, 5.00%, 1/1/33 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1509375 |
| Kingsland, GA, Water and Sewerage Revenue, 4.00%, 9/1/43 | 1840 | &nbsp;&nbsp;&nbsp;&nbsp; 1825015 |
| Walton County Water and Sewerage Authority, GA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp; 987083 |
| &nbsp;&nbsp;&nbsp;5.25%, 2/1/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1067358 |
|  |  | &nbsp;&nbsp;**$15261132** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $121,736,298) |  | &nbsp;&nbsp;**$123293296** |

---

------

Eaton Vance<br>

Georgia Municipal Income Fund

November 30, 2025

Portfolio of Investments (Unaudited) — continued

------

Taxable Municipal Obligations — 3.0%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 1.2% | Education — 1.2% | Education — 1.2% |
| Georgia Private Colleges and Universities Authority, (Emory University), (LOC: Truist Bank), 4.10%, 9/1/52<sup>(4)</sup> | $1500 | &nbsp;&nbsp;$1500000 |
|  |  | &nbsp;&nbsp;**$1500000** |
| General Obligations — 0.4% | General Obligations — 0.4% | General Obligations — 0.4% |
| Downtown Smyrna Development Authority, GA, 5.45%, 2/1/38 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$506867 |
|  |  | &nbsp;&nbsp;**$506867** |
| Insured - General Obligations — 1.4% | Insured - General Obligations — 1.4% | Insured - General Obligations — 1.4% |
| Effingham County Industrial Development Authority, GA, (BAM), 6.00%, 4/1/48 | $1750 | &nbsp;&nbsp;$1757148 |
|  |  | &nbsp;&nbsp;**$1757148** |
| Total Taxable Municipal Obligations<br> (identified cost $3,718,302) |  | &nbsp;&nbsp;**$3764015** |
| Total Investments — 99.9%<br> (identified cost $126,449,600) |  | &nbsp;&nbsp;**$128120896** |
| Other Assets, Less Liabilities — 0.1% |  | &nbsp;&nbsp;**$134666** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$128255562** |

---

---

| | |
|:---|:---|
| 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, 2025, the aggregate value of these securities is $5,943,190 or 4.6% of the Fund's net assets. |
| <sup>(2)</sup> | When-issued security. |

---

---

| | |
|:---|:---|
| <sup>(3)</sup> | Variable rate demand obligation that may be tendered at par on any day for payment the same or next business day. The stated interest rate, which generally resets daily, is determined by the remarketing agent and represents the rate in effect at November 30, 2025. |
| <sup>(4)</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, 2025. |
| 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, 2025, 13.5% 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 2.3% to 6.5% 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, 2025, 13.5% 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 2.3% to 6.5% of total investments. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AG | – Assured Guaranty, 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. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| LOC | – Letter of Credit |
| NPFG | – National Public Finance Guarantee Corp. |

---

The Fund did not have any open derivative instruments at November 30, 2025.

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)

------

Eaton Vance<br>

Georgia Municipal Income Fund

November 30, 2025

Portfolio of Investments (Unaudited) — continued

------

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, 2025, the hierarchy of inputs used in valuing the Fund's investments, which are carried at fair value, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Tax-Exempt Mortgage-Backed Securities | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$1063585 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$1063585 |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123293296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123293296 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3764015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3764015 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$128120896** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$128120896** |

---

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 annual or semi-annual financial statements.

## 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:** One Post Office Square

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

  - **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:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $130478741.17

**Total Liabilities:** $2332951.85

**Net Assets:** $128145789.32

**Delayed Delivery Securities:** $1853001.70

**Cash Not Reported:** $464019.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -327.04000000 | **1-Year:** -4302.12000000 | **5-Year:** -16453.67000000 | **10-Year:** -47558.54000000 | **30-Year:** -14225.31000000

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

- **3-Month:** -41.99000000 | **1-Year:** -932.32000000 | **5-Year:** -2367.11000000 | **10-Year:** -2443.22000000 | **30-Year:** -755.35000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013178 | 2.58%                | 1.40%                | 0.40%                |
| Class ID C000013180 | 2.49%                | 1.38%                | 0.22%                |
| Class ID C000063956 | 2.59%                | 1.42%                | 0.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-38146.00               | $2850174.87                                |
| Month 2  | $75844.50                | $1319732.36                                |
| Month 3  | $17723.93                | $18211.91                                  |

**Designated Index Information**

- **Index Name:** BB Barclays 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Albany-Dougherty Payroll Development Authority                              | ALBANY-DOUGHERTY GA PAYROLL DEV AUTH                       | CUSIP: 012192AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2096546.80   | 1.64%             | 2028-05-15      | Fixed         | 5.20%                 | 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        |    200000 | PA      | $204200.70    | 0.16%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                               | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                | CUSIP: 02936TAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $191108.70    | 0.15%             | 2035-09-01      | 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      | $1081993.79   | 0.84%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA                                                          | ATLANTA GA                                                 | CUSIP: 047772J74<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1127389.00   | 0.88%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Customer Facility Charge                         | ATLANTA GA CUSTOMER FAC CHARGE REVENUE                     | CUSIP: 047773AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079337.50   | 0.84%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Customer Facility Charge                         | ATLANTA GA CUSTOMER FAC CHARGE REVENUE                     | CUSIP: 047773BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547145.05    | 0.43%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                   | ATLANTA GA ARPT REVENUE                                    | CUSIP: 04780M2Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083710.30   | 0.85%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                   | ATLANTA GA ARPT REVENUE                                    | CUSIP: 04780MX53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1538868.63   | 1.20%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                           | ATLANTA GA DEV AUTH                                        | CUSIP: 04780NJC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $731572.20    | 0.57%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                           | ATLANTA GA DEV AUTH                                        | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529992.35   | 1.19%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                           | ATLANTA GA DEV AUTH                                        | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514802.55    | 0.40%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                        | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE               | CUSIP: 04780TDJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1964347.00   | 1.53%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                        | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE               | CUSIP: 04780TDP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2942417.40   | 2.30%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Redevelopment Agency                                          | ATLANTA GA URBAN REDEV AGY REVENUE                         | CUSIP: 047851DE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143054.70   | 0.89%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                 | ATLANTA GA URBAN RSDL FIN AUTHMF HSG REVENUE               | CUSIP: 04785WAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987143.40    | 0.77%             | 2044-05-01      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                               | ATLANTA GA WTR & WSTWTR REVENUE                            | CUSIP: 047870PS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1569741.30   | 1.22%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                               | ATLANTA GA WTR & WSTWTR REVENUE                            | CUSIP: 047870TC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129101.10   | 0.88%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Augusta GA Water & Sewer Revenue                                            | AUGUSTA GA WTR & SWR REVENUE                               | CUSIP: 051249KR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $414127.73    | 0.32%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Braselton GA Water & Sewerage Revenue                               | BRASELTON GA WTR & SWR REVENUE                             | CUSIP: 105507FW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $139503.38    | 0.11%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Braselton GA Water & Sewerage Revenue                               | BRASELTON GA WTR & SWR REVENUE                             | CUSIP: 105507FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $315241.00    | 0.25%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Braselton GA Water & Sewerage Revenue                               | BRASELTON GA WTR & SWR REVENUE                             | CUSIP: 105507FZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168904.20    | 0.13%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Braselton GA Water & Sewerage Revenue                               | BRASELTON GA WTR & SWR REVENUE                             | CUSIP: 105507GA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112148.56    | 0.09%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Braselton GA Water & Sewerage Revenue                               | BRASELTON GA WTR & SWR REVENUE                             | CUSIP: 105507GC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219519.24    | 0.17%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brookhaven Development Authority                                            | BROOKHAVEN DEV AUTH GA                                     | CUSIP: 113073AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1205015.06   | 0.94%             | 2049-07-01      | Fixed         | 4.00%                 | 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      | $501928.35    | 0.39%             | 2033-08-01      | Fixed         | 4.00%                 | 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      | $436460.03    | 0.34%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                   | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                | CUSIP: 121342MW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.78%             | 2049-07-01      | Floating      | 2.90%                 | 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      | $659693.40    | 0.51%             | 2032-10-01      | Fixed         | 2.20%                 | 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      | $861520.56    | 0.67%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlton County School District                                             | CHARLTON CNTY GA SCH DIST                                  | CUSIP: 161114BW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $534284.60    | 0.42%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cherokee County Water & Sewer Authority/GA                                  | CHEROKEE CNTY GA WTR & SWR AUTH                            | CUSIP: 164243WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1174416.25   | 0.92%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum & Exhibit Hall Authority                             | COBB-MARIETTA COLISEUM & EXHIBIT HALL AUTH GA              | CUSIP: 190760JD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $407161.65    | 0.32%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum & Exhibit Hall Authority                             | COBB-MARIETTA COLISEUM & EXHIBIT HALL AUTH GA              | CUSIP: 190760JP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $247029.53    | 0.19%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                    | COBB CNTY GA DEV AUTH EDUCTNL FACS REVENUE                 | CUSIP: 190782AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033882.90   | 0.81%             | 2045-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                    | COBB CNTY GA DEV AUTH LEASE REVENUE                        | CUSIP: 19078VFK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $801742.73    | 0.63%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                    | COBB CNTY GA DEV AUTH LEASE REVENUE                        | CUSIP: 19078VFL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1391690.27   | 1.09%             | 2043-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                    | COBB CNTY GA DEV AUTH REVENUE                              | CUSIP: 190806EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009004.50   | 0.79%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority/GA                                       | COLUMBIA CNTY GA HOSP AUTH                                 | CUSIP: 197479AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037618.40   | 0.81%             | 2048-04-01      | Fixed         | 5.00%                 | 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      | $1147913.46   | 0.90%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coweta County Water & Sewage Authority                                      | COWETA CNTY GA WTR & SEWAGE AUTH REVENUE                   | CUSIP: 223663MN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052626.70   | 0.82%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Urban Redevelopment Agency Of Dacula                                        | DACULA GA URBAN REDEV AGY REVENUE                          | CUSIP: 23346RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1272495.74   | 0.99%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dalton GA                                                           | DALTON GA                                                  | CUSIP: 235541DR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1764064.72   | 1.38%             | 2048-02-01      | 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      | $511249.45    | 0.40%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                         | DALTON WHITFIELD CNTY JT DEV AUTH                          | CUSIP: 235641AY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2443878.35   | 1.91%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                | DE KALB CNTY GA WTR & SWR REVENUE                          | CUSIP: 240523E55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061154.80   | 0.83%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                | DE KALB CNTY GA WTR & SWR REVENUE                          | CUSIP: 240523E71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1603491.93   | 1.25%             | 2050-10-01      | 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      | $1619688.00   | 1.26%             | 2032-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                | DE KALB CNTY GA WTR & SWR REVENUE                          | CUSIP: 240523ZP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1121916.30   | 0.88%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                | DE KALB CNTY GA WTR & SWR REVENUE                          | CUSIP: 240523ZY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2793363.41   | 2.18%             | 2045-10-01      | 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        |   1615000 | PA      | $1634281.16   | 1.28%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Housing Authority/GA                                         | DOUGLAS CNTY GA HSG AUTH MF REVENUE                        | CUSIP: 259028AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057568.10   | 0.83%             | 2044-02-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Douglas County Housing Authority/GA                                         | DOUGLAS CNTY GA HSG AUTH MF TAX EXEMPT BONDS               | CUSIP: 259029AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1984628.30   | 1.55%             | 2043-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Douglas County School District/GA                                           | DOUGLAS CNTY GA SCH DIST                                   | CUSIP: 259030RJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1193710.40   | 0.93%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglasville-Douglas County Water & Sewer Authority                         | DOUGLASVILLE-DOUGLAS CNTY GA WTR & SWR AUTH                | CUSIP: 259852HV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065330.90   | 0.83%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Smyrna Development Authority                                       | DOWNTOWN SMYRNA GA DEV AUTH                                | CUSIP: 261174GD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506867.30    | 0.40%             | 2038-02-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Effingham County Industrial Development Authority                           | EFFINGHAM CNTY GA INDL DEV AUTH REVENUE                    | CUSIP: 28209NCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1757147.53   | 1.37%             | 2048-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Forsyth County Hospital Authority                                           | FORSYTH CNTY GA HOSP AUTH                                  | CUSIP: 34660EAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $314622.49    | 0.25%             | 2028-10-01      | Fixed         | 6.38%                 | 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      | $1516841.55   | 1.18%             | 2032-07-01      | 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: 360058FG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $293675.54    | 0.23%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                     | FULTON CNTY GA DEV AUTH REVENUE                            | CUSIP: 36005FKX2<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    625000 | PA      | $656239.81    | 0.51%             | 2049-06-15      | 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      | $1273085.75   | 0.99%             | 2037-04-01      | 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      | $1509375.15   | 1.18%             | 2033-01-01      | Fixed         | 5.00%                 | 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      | $1018157.00   | 0.79%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                | GAINESVILLE & HALL CNTY GA HOSP AUTH                       | CUSIP: 362762PS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1847257.38   | 1.44%             | 2045-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                | GAINESVILLE & HALL CNTY GA HOSP AUTH                       | CUSIP: 362762RA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1153669.50   | 0.90%             | 2034-10-15      | 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      | $505864.55    | 0.39%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Local Government                                                    | GEORGIA ST LOCAL GOVT COPS                                 | CUSIP: 373271AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1492000 | PA      | $1529775.95   | 1.19%             | 2028-06-01      | Fixed         | 4.75%                 | 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      | $517548.55    | 0.40%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Gas Authority of Georgia                                          | GEORGIA ST MUNI GAS AUTH                                   | CUSIP: 373295LV4<br>LEI: DZK31GUXG7KOG1CHBL95 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1221543.92   | 0.95%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                         | GEORGIA ST HSG & FIN AUTH REVENUE                          | CUSIP: 373539S63<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1370840.33   | 1.07%             | 2044-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                         | GEORGIA ST HSG & FIN AUTH REVENUE                          | CUSIP: 37353PHH5<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $1666767.76   | 1.30%             | 2041-12-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                         | GEORGIA ST HSG & FIN AUTH REVENUE                          | CUSIP: 37353PME6<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006516.70   | 0.79%             | 2044-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                         | GEORGIA ST HSG & FIN AUTH REVENUE                          | CUSIP: 37353PSP5<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260719.15    | 0.20%             | 2040-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                     | GEORGIA ST PORTS AUTH                                      | CUSIP: 373586HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2495000 | PA      | $2405806.99   | 1.88%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                      | GEORGIA ST ROAD & TOLLWAY AUTH REVENUE                     | CUSIP: 37358MGJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088029.20   | 0.85%             | 2045-07-15      | 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        |    620000 | PA      | $620740.71    | 0.48%             | 2028-08-01      | Fixed         | 5.00%                 | 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      | $243007.13    | 0.19%             | 2037-08-01      | Fixed         | 4.00%                 | 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      | $480106.40    | 0.37%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greene County School District/GA                                            | GREENE CNTY GA SCH DIST                                    | CUSIP: 394384BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1551960.14   | 1.21%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Griffin GA Public Utility Revenue                                   | GRIFFIN GA COMB PUBLIC UTILITY REVENUE                     | CUSIP: 398192EN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $286701.65    | 0.22%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Griffin GA Public Utility Revenue                                   | GRIFFIN GA COMB PUBLIC UTILITY REVENUE                     | CUSIP: 398192EQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213480.56    | 0.17%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hall County School District                                                 | HALL CNTY GA SCH DIST                                      | CUSIP: 406018JZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110607.50   | 0.87%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County School District/GA                                           | JACKSON CNTY GA SCH DIST                                   | CUSIP: 466784EK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1167901.60   | 0.91%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kingsland GA                                                        | KINGSLAND GA WTR & SWR REVENUE                             | CUSIP: 496380CB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1825015.04   | 1.42%             | 2043-09-01      | 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        |    455000 | PA      | $477593.84    | 0.37%             | 2052-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                 | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE          | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116848.00   | 1.65%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                 | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE          | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062945.80   | 0.83%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                 | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE          | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2160540.40   | 1.69%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                | MET ATLANTA RAPID TRANSIT AUTH GA SALES TAX REVENUE        | CUSIP: 591746AM4<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    880000 | PA      | $987348.30    | 0.77%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                | MET ATLANTA RAPID TRANSIT AUTH GA SALES TAX REVENUE        | CUSIP: 591746BS0<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2143509.20   | 1.67%             | 2045-07-01      | 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      | $980979.70    | 0.77%             | 2049-07-01      | Floating      | 1.00%                 | 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      | $1519831.95   | 1.19%             | 2028-01-01      | Fixed         | 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      | $1609691.90   | 1.26%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                     | MUNI ELEC AUTH OF GA                                       | CUSIP: 62620HGP1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153764.61    | 0.12%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                     | MUNI ELEC AUTH OF GA                                       | CUSIP: 62620HGQ9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017905.40   | 0.79%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perry Public Facilities Authority                                           | PERRY GA PUBLIC FACS AUTH REVENUE                          | CUSIP: 714666CQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $429405.82    | 0.34%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                  | CUSIP: 74265L2S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 1.17%             | 2052-09-01      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                  | CUSIP: 74265L3G1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2661441.89   | 2.08%             | 2039-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                  | CUSIP: 74265LZ84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1916355.80   | 1.50%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                    | PUBLIC FIN AUTH WI CHRT SCH REVENUE                        | CUSIP: 744396KP6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206549.74    | 0.16%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                    | PUBLIC FIN AUTH WI TOLL REVENUE                            | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1658813.10   | 1.29%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                    | PUBLIC FIN AUTH WI TOLL REVENUE                            | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040335.30   | 0.81%             | 2060-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                 | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1592616.75   | 1.24%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                 | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    750000 | PA      | $540728.78    | 0.42%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                        | PUERTO RICO ELEC PWR AUTH PWRREVENUE                       | CUSIP: 74526Q2M3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    980000 | PA      | $988037.96    | 0.77%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                        | PUERTO RICO ELEC PWR AUTH PWRREVENUE                       | CUSIP: 74526Q2V3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    420000 | PA      | $424567.21    | 0.33%             | 2034-07-01      | Fixed         | 5.25%                 | 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        |   2000000 | PA      | $1949931.60   | 1.52%             | 2058-07-01      | Fixed         | 5.00%                 | 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        |   2000000 | PA      | $1968977.60   | 1.54%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sandy Springs Public Facilities Authority                                   | SANDY SPRINGS GA PUBLIC FACS AUTH REVENUE                  | CUSIP: 80036RCU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $220658.30    | 0.17%             | 2035-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Multifamily Mortgage Bonds                                                  | Housing Authority of Savannah                              | CUSIP: 80483HAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    995000 | PA      | $1063584.85   | 0.83%             | 2042-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Springfield GA Water and Sewer Fund                                 | SPRINGFIELD GA WTR & SWR REVENUE                           | CUSIP: 850501CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266472.40    | 0.21%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield GA Water and Sewer Fund                                 | SPRINGFIELD GA WTR & SWR REVENUE                           | CUSIP: 850501CF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263452.03    | 0.21%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Valdosta Board of Education                                                 | VALDOSTA GA CITY SCH SYS                                   | CUSIP: 919069BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1138182.70   | 0.89%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp                         | VIRGIN ISLANDS TRANSPRTN & INFRASTRUCTURE CORP GRANT ANTIC | CUSIP: 927686AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062212.10   | 0.83%             | 2043-09-01      | 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      | $1067358.10   | 0.83%             | 2047-02-01      | Fixed         | 5.25%                 | 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        |    950000 | PA      | $987082.97    | 0.77%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warner Robins Housing Authority Resident Council Corp                       | WARNER ROBINS GA HSG AUTH                                  | CUSIP: 934604AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562572.20   | 1.22%             | 2029-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

**Name of Applicant:** Eaton Vance Municipals Trust

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer