# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001410368-26-020603
**Filing Date:** 2026-2
**Character Count:** 84272
**Document Hash:** 4063d8308376f68ef34d07e527a56148
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-020603.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001410368-26-020603

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**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:** 26696880

**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 Ohio Municipal Income Fund (Series ID: S000004851)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000013139 | Eaton Vance Ohio Municipal Income Fund Class A | ETOHX           |
| C000013141 | Eaton Vance Ohio Municipal Income Fund Class C | ECOHX           |
| C000092721 | Eaton Vance Ohio Municipal Income Fund Class I | EIOHX           |

## Nport-Ex

Eaton Vance<br>

Ohio Municipal Income Fund

December 31, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 104.7%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 2.6% | Bond Bank — 2.6% | Bond Bank — 2.6% |
| Ohio Water Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/38 | $1000 | &nbsp;&nbsp;$1066974 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 12/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1124459 |
| Ohio Water Development Authority, Water Pollution Control Loan Fund, (Liq: TD Bank, N.A.), 2.45%, 12/1/54<sup>(1)</sup> | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 |
| Rickenbacker Port Authority, OH, (OASBO Expanded Asset Pooled Financing Program), 5.375%, 1/1/32 | 1235 | &nbsp;&nbsp;&nbsp;&nbsp; 1372672 |
|  |  | &nbsp;&nbsp;**$5064105** |
| Education — 15.7% | Education — 15.7% | Education — 15.7% |
| Dayton-Montgomery County Port Authority, OH, (Dayton Regional STEM Schools, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/32 | $&nbsp;&nbsp;&nbsp;&nbsp;820 | &nbsp;&nbsp;$878324 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/44 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1265533 |
| Kent University, OH, 5.00%, 5/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp; 768270 |
| Miami University, OH, 4.00%, 9/1/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1924818 |
| Ohio Higher Educational Facility Commission, (Case Western Reserve University), 5.00%, 12/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1009215 |
| Ohio Higher Educational Facility Commission, (Denison University), 5.00%, 11/1/48 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2342445 |
| Ohio Higher Educational Facility Commission, (Oberlin College), Green Bonds, 5.00%, 10/1/48 | 2175 | &nbsp;&nbsp;&nbsp;&nbsp; 2256624 |
| Ohio Higher Educational Facility Commission, (The College of Wooster), 5.00%, 9/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1038520 |
| Ohio Higher Educational Facility Commission, (University of Dayton): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/38 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp; 1302670 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 536733 |
| Ohio State University: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/29 | 1060 | &nbsp;&nbsp;&nbsp;&nbsp; 1160184 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/35<sup>(2)</sup> | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2350915 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/46 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2133201 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 12/1/43 | 1305 | &nbsp;&nbsp;&nbsp;&nbsp; 1300804 |
| Ohio University, 5.25%, 12/1/54 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3162096 |
| Port of Greater Cincinnati Development Authority, OH, (St. Xavier High School, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;&nbsp;&nbsp; 446018 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp; 357133 |
| University of Cincinnati, OH: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/47 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2016536 |
| &nbsp;&nbsp;&nbsp;5.25%, 6/1/54 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4185063 |
|  |  | &nbsp;&nbsp;**$30435102** |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Electric Utilities — 5.3% | Electric Utilities — 5.3% | Electric Utilities — 5.3% |
| American Municipal Power, Inc., OH, (Combined Hydroelectric): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/40 | $&nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;$718419 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;720 | &nbsp;&nbsp;&nbsp;&nbsp; 786183 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/48 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp; 1347748 |
| American Municipal Power, Inc., OH, (Greenup Hydroelectric Facility): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/42 | 2425 | &nbsp;&nbsp;&nbsp;&nbsp; 2622454 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1002908 |
| American Municipal Power, Inc., OH, (Meldahl Hydroelectric): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2120313 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 2/15/34 | 1705 | &nbsp;&nbsp;&nbsp;&nbsp; 1707658 |
|  |  | &nbsp;&nbsp;**$10305683** |
| Escrowed/Prerefunded — 0.2% | Escrowed/Prerefunded — 0.2% | Escrowed/Prerefunded — 0.2% |
| Akron, Bath and Copley Joint Township Hospital District, OH, (Summa Health Obligated Group), Prerefunded to 11/15/30, 4.00%, 11/15/37 | $&nbsp;&nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;$416431 |
| Ohio, (Cleveland Clinic Health System), Prerefunded to 1/1/28, 4.00%, 1/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp; 20547 |
|  |  | &nbsp;&nbsp;**$436978** |
| General Obligations — 19.8% | General Obligations — 19.8% | General Obligations — 19.8% |
| Avon Lake City School District, OH: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/36 | $&nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;$519015 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/52 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1042932 |
| Butler County, OH, Special Tax Assessment, 5.50%, 12/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;545 | &nbsp;&nbsp;&nbsp;&nbsp; 546149 |
| Central Ohio Transit Authority, OH, 5.00%, 12/1/48 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2108650 |
| Cleveland, OH, 5.00%, 12/1/51 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2067806 |
| Columbus, OH, 5.00%, 4/1/39 | 2700 | &nbsp;&nbsp;&nbsp;&nbsp; 2979579 |
| Cuyahoga Community College District, OH, 3.50%, 12/1/39 | 1400 | &nbsp;&nbsp;&nbsp;&nbsp; 1359517 |
| Dublin School District, OH, 4.00%, 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;770 | &nbsp;&nbsp;&nbsp;&nbsp; 735792 |
| Euclid City School District, OH, 5.00%, 1/15/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1085216 |
| Hamilton County, OH, 5.00%, 12/1/46 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp; 1226798 |
| Hilliard School District, OH: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 290557 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp; 489643 |
| Huber Heights City School District, OH, 5.00%, 12/1/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1172583 |
| Mayfield Heights, OH, 4.00%, 12/1/48 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1177082 |
| Milford Exempted Village School District, OH, 5.00%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 170371 |
| North Canton City School District, OH, 5.00%, 10/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp; 576946 |
| North Olmsted City School District, OH, 5.00%, 10/15/48 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2576720 |

---

------

Eaton Vance<br>

Ohio Municipal Income Fund

December 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| North Ridgeville City School District, OH: |  |  |
| &nbsp;&nbsp;&nbsp;4.375%, 12/1/50 | $2750 | &nbsp;&nbsp;$2668899 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/47 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp; 1323253 |
| North Royalton City School District, OH: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp; 699654 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp; 961381 |
| Norwalk City School District, OH: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp; 249645 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;&nbsp; 433525 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/47 | 1440 | &nbsp;&nbsp;&nbsp;&nbsp; 1503942 |
| Olmsted Falls City School District, OH, 5.00%, 12/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp; 210322 |
| Puerto Rico, 5.625%, 7/1/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1021519 |
| Shaker Heights City School District, OH, 5.00%, 12/15/49 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3118918 |
| Summit County, OH, 5.00%, 12/1/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1062864 |
| Sylvania City School District, OH, 5.00%, 11/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 866171 |
| Troy City School District, OH, 5.00%, 12/1/54 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1044679 |
| Worthington City School District, OH, 5.50%, 12/1/54 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3191699 |
|  |  | &nbsp;&nbsp;**$38481827** |
| Hospital — 13.3% | Hospital — 13.3% | Hospital — 13.3% |
| Akron, Bath and Copley Joint Township Hospital District, OH, (Children's Hospital Medical Center of Akron), 4.00%, 11/15/42 | $1250 | &nbsp;&nbsp;$1226699 |
| Allen County, OH, (Bon Secours Mercy Health, Inc.), 4.00%, 12/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 970598 |
| Allen County, OH, (Mercy Health), 4.00%, 8/1/47<sup>(3)</sup> | 5150 | &nbsp;&nbsp;&nbsp;&nbsp; 4543742 |
| Butler County, OH, (UC Health), 5.00%, 11/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;590 | &nbsp;&nbsp;&nbsp;&nbsp; 607264 |
| Franklin County, OH, (Nationwide Children's Hospital), 5.25%, 11/1/55 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1577909 |
| Franklin County, OH, (OhioHealth Corp.), 5.00%, 5/15/40 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp; 1202272 |
| Franklin County, OH, (Trinity Health Credit Group): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/44 | 2445 | &nbsp;&nbsp;&nbsp;&nbsp; 2311596 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/46 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3019602 |
| Hamilton County, OH, (UC Health), 5.00%, 9/15/45 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1126044 |
| Miami County, OH, (Kettering Health Network Obligated Group), 5.00%, 8/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1032190 |
| Muskingum County, OH, (Genesis HealthCare System Obligated Group), 5.00%, 2/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp; 460941 |
| Ohio, (Childrens Hospital Medical Center), 5.25%, 8/15/48 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1599628 |
| Ohio, (Cleveland Clinic Health System): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/36 | 2055 | &nbsp;&nbsp;&nbsp;&nbsp; 2075463 |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/43 | 1940 | &nbsp;&nbsp;&nbsp;&nbsp; 1881610 |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/46 | 1890 | &nbsp;&nbsp;&nbsp;&nbsp; 1758348 |
| &nbsp;&nbsp;&nbsp;Prerefunded to 1/1/28, 4.00%, 1/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp; 231152 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital (continued) | Hospital (continued) | Hospital (continued) |
| Ohio, (Cleveland Clinic Health System): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;Prerefunded to 1/1/29, 4.00%, 1/1/46 | $&nbsp;&nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;$114519 |
|  |  | &nbsp;&nbsp;**$25739577** |
| Housing — 3.6% | Housing — 3.6% | Housing — 3.6% |
| Dayton-Montgomery County Port Authority, OH, (Northcrest Gardens Apartments), Sustainability Bonds, (FNMA), 4.50%, 1/1/41 | $&nbsp;&nbsp;&nbsp;&nbsp;990 | &nbsp;&nbsp;$1002326 |
| Ohio Housing Finance Agency: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 9/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 340186 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), Social Bonds, 4.35%, 9/1/44 | 2875 | &nbsp;&nbsp;&nbsp;&nbsp; 2892985 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), Social Bonds, 4.80%, 9/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp; 895283 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), Social Bonds, 5.50%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp; 897569 |
| Port of Greater Cincinnati Development Authority, OH, (Senior Chateau), Sustainability Bonds, (FNMA), 4.55%, 12/1/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1018306 |
|  |  | &nbsp;&nbsp;**$7046655** |
| Industrial Development Revenue — 2.2% | Industrial Development Revenue — 2.2% | Industrial Development Revenue — 2.2% |
| Cleveland, OH, (Continental Airlines), 5.375%, 9/15/27 | $1630 | &nbsp;&nbsp;$1632260 |
| Ohio Air Quality Development Authority, (American Electric Power Co., Inc.), (AMT), 3.75%, 1/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1006281 |
| Ohio Air Quality Development Authority, (Pratt Paper, LLC), (AMT), 4.25%, 1/15/38<sup>(4)</sup> | 1700 | &nbsp;&nbsp;&nbsp;&nbsp; 1701946 |
|  |  | &nbsp;&nbsp;**$4340487** |
| Insured - Electric Utilities — 6.7% | Insured - Electric Utilities — 6.7% | Insured - Electric Utilities — 6.7% |
| Cleveland, OH, Public Power System Revenue, (NPFG), 0.00%, 11/15/27 | $2540 | &nbsp;&nbsp;$2391749 |
| Ohio Municipal Electric Generation Agency: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 0.00%, 2/15/26 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2988589 |
| &nbsp;&nbsp;&nbsp;(NPFG), 0.00%, 2/15/27 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2411849 |
| &nbsp;&nbsp;&nbsp;(NPFG), 0.00%, 2/15/28 | 4750 | &nbsp;&nbsp;&nbsp;&nbsp; 4437761 |
| Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;770 | &nbsp;&nbsp;&nbsp;&nbsp; 780390 |
|  |  | &nbsp;&nbsp;**$13010338** |
| Insured - General Obligations — 14.6% | Insured - General Obligations — 14.6% | Insured - General Obligations — 14.6% |
| Cincinnati City School District, OH, (AG), 5.25%, 12/1/29<sup>(3)</sup> | $7500 | &nbsp;&nbsp;$8263650 |
| Green Local School District, OH, (AG), 4.625%, 11/1/47 | 1020 | &nbsp;&nbsp;&nbsp;&nbsp; 1026964 |
| Kettering City School District, OH, (AG), 5.25%, 12/1/31 | 4505 | &nbsp;&nbsp;&nbsp;&nbsp; 4788008 |
| Mason City School District, OH, (AG), 5.25%, 12/1/31 | 3525 | &nbsp;&nbsp;&nbsp;&nbsp; 3900699 |

---

------

Eaton Vance<br>

Ohio Municipal Income Fund

December 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - General Obligations (continued) | Insured - General Obligations (continued) | Insured - General Obligations (continued) |
| Springboro Community City School District, OH, (AG), 5.25%, 12/1/30 | $5000 | &nbsp;&nbsp;$5504390 |
| Westerville City School District, OH, (XLCA), 5.00%, 12/1/27 | 4590 | &nbsp;&nbsp;&nbsp;&nbsp; 4740666 |
|  |  | &nbsp;&nbsp;**$28224377** |
| Insured - Hospital — 1.6% | Insured - Hospital — 1.6% | Insured - Hospital — 1.6% |
| Fayette County, OH, (AG), 5.25%, 12/1/54 | $1500 | &nbsp;&nbsp;$1553277 |
| Lucas County, OH, (ProMedica Healthcare Obligated Group), (AG), 4.00%, 11/15/45 | 1725 | &nbsp;&nbsp;&nbsp;&nbsp; 1626759 |
|  |  | &nbsp;&nbsp;**$3180036** |
| Insured - Special Tax Revenue — 0.4% | Insured - Special Tax Revenue — 0.4% | Insured - Special Tax Revenue — 0.4% |
| Port of Greater Cincinnati Development Authority, OH, (Duke Energy Convention Center), (AG), 4.375%, 12/1/58 | $&nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;$826082 |
|  |  | &nbsp;&nbsp;**$826082** |
| Insured - Transportation — 1.3% | Insured - Transportation — 1.3% | Insured - Transportation — 1.3% |
| Cleveland, OH, Airport System Revenue, (AG), (AMT), 5.00%, 1/1/43 | $1000 | &nbsp;&nbsp;$1010856 |
| Ohio, (Portsmouth Gateway Group, LLC), (AG), (AMT), 5.00%, 12/31/35 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1502160 |
|  |  | &nbsp;&nbsp;**$2513016** |
| Insured - Water and Sewer — 1.9% | Insured - Water and Sewer — 1.9% | Insured - Water and Sewer — 1.9% |
| Newark, OH, Water System Revenue, (AG), 5.00%, 12/1/39 | $3680 | &nbsp;&nbsp;$3709957 |
|  |  | &nbsp;&nbsp;**$3709957** |
| Other Revenue — 3.7% | Other Revenue — 3.7% | Other Revenue — 3.7% |
| Buckeye Tobacco Settlement Financing Authority, OH: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/37 | $2625 | &nbsp;&nbsp;$2603941 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/55 | 1245 | &nbsp;&nbsp;&nbsp;&nbsp; 1009365 |
| Lancaster Port Authority, OH, Gas Supply Revenue, 5.00% to 8/1/30 (Put Date), 2/1/55 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2657715 |
| Riversouth Authority, OH, (Lazarus Building Redevelopment), 5.75%, 12/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;830 | &nbsp;&nbsp;&nbsp;&nbsp; 830261 |
|  |  | &nbsp;&nbsp;**$7101282** |
| Senior Living/Life Care — 2.3% | Senior Living/Life Care — 2.3% | Senior Living/Life Care — 2.3% |
| Franklin County, OH, (Ohio Living Communities): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/40 | $&nbsp;&nbsp;&nbsp;&nbsp;995 | &nbsp;&nbsp;$936156 |
| &nbsp;&nbsp;&nbsp;5.25%, 7/1/41 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1561229 |
| &nbsp;&nbsp;&nbsp;Prerefunded to 7/1/28, 4.00%, 7/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp; 5312 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Senior Living/Life Care (continued) | Senior Living/Life Care (continued) | Senior Living/Life Care (continued) |
| Hamilton County, OH, (Life Enriching Communities): |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, 1/1/38 | $&nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;$381853 |
| &nbsp;&nbsp;&nbsp;5.50%, 1/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp; 624691 |
| &nbsp;&nbsp;&nbsp;5.50%, 1/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 432071 |
| &nbsp;&nbsp;&nbsp;5.50%, 1/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 519674 |
|  |  | &nbsp;&nbsp;**$4460986** |
| Special Tax Revenue — 3.6% | Special Tax Revenue — 3.6% | Special Tax Revenue — 3.6% |
| American Samoa Economic Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/32<sup>(4)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;$359471 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/33<sup>(4)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 265288 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/38<sup>(4)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 204505 |
| JobsOhio Beverage System, OH: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/37 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2328656 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/43 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1627084 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 2285 | &nbsp;&nbsp;&nbsp;&nbsp; 2203624 |
|  |  | &nbsp;&nbsp;**$6988628** |
| Transportation — 2.5% | Transportation — 2.5% | Transportation — 2.5% |
| Columbus Regional Airport Authority, OH, (John Glenn Columbus International Airport), 5.25%, 1/1/50 | $2500 | &nbsp;&nbsp;$2644047 |
| Ohio Turnpike and Infrastructure Commission, 4.00%, 2/15/46 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1875873 |
| Ohio, Major New State Infrastructure Project Revenue, 5.00%, 12/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp; 387318 |
|  |  | &nbsp;&nbsp;**$4907238** |
| Water and Sewer — 3.4% | Water and Sewer — 3.4% | Water and Sewer — 3.4% |
| Cleveland, OH, Department of Public Utilities, Division of Water, 5.00%, 1/1/49 | $1075 | &nbsp;&nbsp;$1136138 |
| Cleveland, OH, Water Pollution Control Revenue, 5.00%, 11/15/49 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 781706 |
| Mahoning County, OH, Sewer System Revenue, 5.00%, 12/1/46 | 1565 | &nbsp;&nbsp;&nbsp;&nbsp; 1604780 |

---

------

Eaton Vance<br>

Ohio Municipal Income Fund

December 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Water and Sewer (continued) | Water and Sewer (continued) | Water and Sewer (continued) |
| Northeast Ohio Regional Sewer District, 5.00%, 11/15/45 | $1000 | &nbsp;&nbsp;$1070136 |
| Ohio Water Development Authority, Water Pollution Control Loan Fund, Green Bonds, 4.00%, 12/1/46 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1926912 |
|  |  | &nbsp;&nbsp;**$6519672** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $202,274,215) |  | &nbsp;&nbsp;**$203292026** |
| Total Investments — 104.7%<br> (identified cost $202,274,215) |  | &nbsp;&nbsp;**$203292026** |
| Other Assets, Less Liabilities — (4.7)% |  | &nbsp;&nbsp;**$(9184151)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$194107875** |

---

---

| | |
|:---|:---|
| 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 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 December 31, 2025. |
| <sup>(2)</sup> | When-issued security. |

---

---

| | |
|:---|:---|
| <sup>(3)</sup> | Security represents the municipal bond held by a trust that issues residual interest bonds. |
| <sup>(4)</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 December 31, 2025, the aggregate value of these securities is $2,531,210 or 1.3% of the Fund's net assets. |
| The Fund invests primarily in debt securities issued by Ohio 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 December 31, 2025, 25.3% 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 16.6% of total investments. | The Fund invests primarily in debt securities issued by Ohio 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 December 31, 2025, 25.3% 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 16.6% 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. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| Liq | – Liquidity Provider |
| NPFG | – National Public Finance Guarantee Corp. |
| XLCA | – XL Capital Assurance, Inc. |

---

The Fund did not have any open derivative instruments at December 31, 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)

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 December 31, 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 Municipal Obligations | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$203292026 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$203292026 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$203292026** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$203292026** |

---

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 Ohio Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000004851

- **c. LEI of Series:** 5493000XDNX437SEWB83

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $206681537.12

**Total Liabilities:** $11555020.88

**Net Assets:** $195126516.24

**Delayed Delivery Securities:** $2336260.00

**Cash Not Reported:** $39395.03

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -309.32000000 | **1-Year:** -8794.72000000 | **5-Year:** -29462.94000000 | **10-Year:** -64024.57000000 | **30-Year:** -22685.28000000

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

- **3-Month:** -49.45000000 | **1-Year:** -753.10000000 | **5-Year:** -2831.07000000 | **10-Year:** -6942.30000000 | **30-Year:** -4075.05000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013139 | 1.14%                | 0.29%                | -0.08%               |
| Class ID C000013141 | 0.95%                | 0.22%                | -0.02%               |
| Class ID C000092721 | 1.03%                | 0.30%                | 0.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8620.51                 | $1441774.02                                |
| Month 2  | $59788.30                | $18809.18                                  |
| Month 3  | $13527.73                | $-675910.07                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Akron Bath Copley Joint Township Hospital District                 | AKRON BATH COPLEY JT TWP OH HOSP DIST               | CUSIP: 009730PU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $416431.04    | 0.21%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                 | AKRON BATH COPLEY JT TWP OH HOSP DIST               | CUSIP: 009730QS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1226698.50   | 0.63%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                     | ALLEN CNTY OH HOSP FACS REVENUE                     | CUSIP: 01757LGX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970597.70    | 0.50%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                       | AMERICAN MUNI PWR-OHIO INC OH REVENUE               | CUSIP: 02765UKQ6<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002908.00   | 0.51%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                       | AMERICAN MUNI PWR-OHIO INC OH REVENUE               | CUSIP: 02765ULJ1<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1707657.92   | 0.88%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                       | AMERICAN MUNI PWR-OHIO INC OH REVENUE               | CUSIP: 02765USX3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1347748.35   | 0.69%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                       | AMERICAN MUNI PWR-OHIO INC OH REVENUE               | CUSIP: 02765UUH5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    650000 | PA      | $718419.13    | 0.37%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                       | AMERICAN MUNI PWR-OHIO INC OH REVENUE               | CUSIP: 02765UUJ1<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    720000 | PA      | $786182.90    | 0.40%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                       | AMERICAN MUNI PWR-OHIO INC OH REVENUE               | CUSIP: 02765UVF8<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2622454.17   | 1.34%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                       | AMERICAN MUNI PWR-OHIO INC OH REVENUE               | CUSIP: 02765UWA8<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2120312.80   | 1.09%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                      | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE         | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204504.42    | 0.10%             | 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: 02936TAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $359471.36    | 0.18%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                      | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE         | CUSIP: 02936TAT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265287.88    | 0.14%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avon Lake City School District                                     | AVON LAKE OH CITY SCH DIST                          | CUSIP: 054105ML2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $519014.79    | 0.27%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avon Lake City School District                                     | AVON LAKE OH CITY SCH DIST                          | CUSIP: 054105MX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042931.60   | 0.53%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                     | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH             | CUSIP: 118217CT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2603941.46   | 1.33%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                     | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH             | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1009364.83   | 0.52%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Butler OH                                                | BUTLER CNTY OH                                      | CUSIP: 1235473P4<br>LEI: 54930064OLVQO8IVR655 | Long             | DBT              | MUN               | US        |    545000 | PA      | $546149.46    | 0.28%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Butler OH                                                | BUTLER CNTY OH HOSP FACS                            | CUSIP: 123550HM0<br>LEI: 54930064OLVQO8IVR655 | Long             | DBT              | MUN               | US        |    590000 | PA      | $607264.34    | 0.31%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Ohio Transit Authority                                     | CENTRAL OH TRANSIT AUTH                             | CUSIP: 154690BF7<br>LEI: 549300JEENALUDLM0B07 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2108649.80   | 1.08%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cincinnati City School District                                    | CINCINNATI OH CITY SCH DIST                         | CUSIP: 172252E53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8263650.00   | 4.24%             | 2029-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                               | CLEVELAND OH                                        | CUSIP: 1863433W7<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067806.40   | 1.06%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                               | CLEVELAND OH ARPT SPL REVENUE                       | CUSIP: 186347AC4<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1632260.65   | 0.84%             | 2027-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Airport System Revenue                        | CLEVELAND OH ARPT SYS REVENUE                       | CUSIP: 186352RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010856.20   | 0.52%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Public Power  | CLEVELAND OH PUBLIC PWR SYS REVENUE                 | CUSIP: 186398HK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2391748.58   | 1.23%             | 2027-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Water Pollution Control                       | CLEVELAND OH WTR POLL CONTROL REVENUE               | CUSIP: 186423BU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $781706.40    | 0.40%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Water         | CLEVELAND OH WTR REVENUE                            | CUSIP: 186427JB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1136137.40   | 0.58%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                | COLUMBUS OH                                         | CUSIP: 199492U23<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2979579.33   | 1.53%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                | COLUMBUS OH REGL ARPT AUTH REVENUE                  | CUSIP: 199546DW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2644046.75   | 1.36%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cuyahoga Community College District                                | CUYAHOGA OH CMNTY CLG DIST                          | CUSIP: 232392AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1359517.18   | 0.70%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                            | DAYTON-MONTGOMERY CNTY OH PORT AUTH DEV REVENUE     | CUSIP: 23981MBD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $878324.14    | 0.45%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                            | DAYTON-MONTGOMERY CNTY OH PORT AUTH DEV REVENUE     | CUSIP: 23981MBE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1265533.25   | 0.65%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                            | DAYTON-MONTGOMERY CNTY OH PORTAUTH MF HSG REVENUE   | CUSIP: 23982CAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1002325.70   | 0.51%             | 2041-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dublin City School District                                        | DUBLIN OH CITY SCH DIST                             | CUSIP: 26371GYQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $735792.13    | 0.38%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Euclid City School District                                        | EUCLID OH CITY SCH DIST                             | CUSIP: 298047MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085215.80   | 0.56%             | 2042-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fayette OH                                               | FAYETTE CNTY OH HOSP FACS IMPT REVENUE              | CUSIP: 312446AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1553276.70   | 0.80%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HLTH CARE FACS REVENUE             | CUSIP: 353180LZ3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561229.10   | 0.80%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HLTH CARE FACS REVENUE             | CUSIP: 353180ME9<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5311.75      | 0.00%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HLTH CARE FACS REVENUE             | CUSIP: 353180MK5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    995000 | PA      | $936155.90    | 0.48%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HOSP FACS REVENUE                  | CUSIP: 353187CQ8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1202272.08   | 0.62%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HOSP FACS REVENUE                  | CUSIP: 353187FK8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1577909.25   | 0.81%             | 2055-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH REVENUE                            | CUSIP: 353202FM1<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3019602.30   | 1.55%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH REVENUE                            | CUSIP: 353202FY5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2311595.67   | 1.18%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Green Local School District/Summit County                          | GREEN OH LOCAL SCH DIST SUMMIT CNTY                 | CUSIP: 393190HL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1026963.95   | 0.53%             | 2047-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                              | HAMILTON CNTY OH HOSP FACS REVENUE                  | CUSIP: 407272Y23<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1126044.34   | 0.58%             | 2045-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                              | HAMILTON CNTY OH                                    | CUSIP: 40727GEM0<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1226797.69   | 0.63%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                              | HAMILTON CNTY OH HLTH CARE REVENUE                  | CUSIP: 40727RCK2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519674.20    | 0.27%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                              | HAMILTON CNTY OH HLTH CARE REVENUE                  | CUSIP: 40727RCZ9<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    350000 | PA      | $381853.36    | 0.20%             | 2038-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                              | HAMILTON CNTY OH HLTH CARE REVENUE                  | CUSIP: 40727RDA3<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    575000 | PA      | $624690.93    | 0.32%             | 2039-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                              | HAMILTON CNTY OH HLTH CARE REVENUE                  | CUSIP: 40727RDB1<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    400000 | PA      | $432070.76    | 0.22%             | 2040-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hilliard School District                                           | HILLIARD OH SCH DIST                                | CUSIP: 431621UN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $290557.35    | 0.15%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hilliard School District                                           | HILLIARD OH SCH DIST                                | CUSIP: 431621UP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $489643.27    | 0.25%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huber Heights City School District                                 | HUBER HEIGHTS OH CITY SCH DIST                      | CUSIP: 443525CS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2345166.80   | 1.20%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                           | JOBSOHIO BEVERAGE SYS STWD LIQUOR PROFITS REVENUE   | CUSIP: 47770VCD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2328655.80   | 1.19%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                           | JOBSOHIO BEVERAGE SYS STWD LIQUOR PROFITS REVENUE   | CUSIP: 47770VCH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1627083.75   | 0.83%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kent State University                                              | KENT OH ST UNIV REVENUES                            | CUSIP: 490728G63<br>LEI: 549300HL3HX54032AG28 | Long             | DBT              | MUN               | US        |    670000 | PA      | $768270.24    | 0.39%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kettering City School District                                     | KETTERING OH CITY SCH DIST                          | CUSIP: 492692PW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4505000 | PA      | $4788008.15   | 2.45%             | 2031-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lancaster Port Authority                                           | LANCASTER OH PORT AUTH GAS REVENUE                  | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2657714.50   | 1.36%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lucas OH                                                 | LUCAS CNTY OH HOSP REVENUE                          | CUSIP: 549310WF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1626758.84   | 0.83%             | 2045-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Mahoning OH Sewer System Revenue                         | MAHONING CNTY OH SWR SYS REVENUE                    | CUSIP: 560072DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1604779.95   | 0.82%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mason City School District                                         | MASON OH CITY SCH DIST                              | CUSIP: 575296GN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3900699.08   | 2.00%             | 2031-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Mayfield Heights OH                                        | MAYFIELD HEIGHTS OH                                 | CUSIP: 578167JU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1177081.50   | 0.60%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami OH                                                 | MIAMI CNTY OH HOSP FACS REVENUE                     | CUSIP: 593328FM4<br>LEI: 549300YAYSF4ZQH3JU54 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032190.10   | 0.53%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami University/Oxford OH                                         | MIAMI UNIV OH                                       | CUSIP: 593791JV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1924818.40   | 0.99%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Milford Exempted Village School District                           | MILFORD OH EXEMPT VLG SCH DIST                      | CUSIP: 599632MF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $170371.34    | 0.09%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milford Exempted Village School District                           | MILFORD OH EXEMPT VLG SCH DIST                      | CUSIP: 599632MG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $333082.35    | 0.17%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Muskingum OH                                             | MUSKINGUM CNTY OH HOSP FACS                         | CUSIP: 628077CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $460940.61    | 0.24%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newark OH                                                  | NEWARK OH WTR REVENUE                               | CUSIP: 650519CE9<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |   3680000 | PA      | $3709957.41   | 1.90%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Canton City School District                                  | NORTH CANTON OH CITY SCH DIST                       | CUSIP: 658170GW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $576946.27    | 0.30%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Olmsted City School District                                 | NORTH OLMSTED OH CITY SCH DIST                      | CUSIP: 661309KR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2576720.25   | 1.32%             | 2048-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Ridgeville City School District                              | NORTH RIDGEVILLE OH CITY SCH DIST                   | CUSIP: 661870LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1323252.84   | 0.68%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Ridgeville City School District                              | NORTH RIDGEVILLE OH CITY SCH DIST                   | CUSIP: 661870LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2668898.65   | 1.37%             | 2050-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| North Royalton City School District                                | NORTH ROYALTON OH CITY SCH DIST                     | CUSIP: 662055LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $961380.72    | 0.49%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Royalton City School District                                | NORTH ROYALTON OH CITY SCH DIST                     | CUSIP: 662055LS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $699654.41    | 0.36%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Regional Sewer District                             | NORTHEAST OH REGL SWR DIST                          | CUSIP: 663903LK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070136.40   | 0.55%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk City School District                                       | NORWALK OH CITY SCH DIST                            | CUSIP: 669147FB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $249644.97    | 0.13%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk City School District                                       | NORWALK OH CITY SCH DIST                            | CUSIP: 669147FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $433525.22    | 0.22%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk City School District                                       | NORWALK OH CITY SCH DIST                            | CUSIP: 669147FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1503941.76   | 0.77%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Municipal Electric Generation Agency                          | OHIO ST MUNI ELEC GENERATION AGY                    | CUSIP: 677409AS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2988589.20   | 1.53%             | 2026-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Municipal Electric Generation Agency                          | OHIO ST MUNI ELEC GENERATION AGY                    | CUSIP: 677409AT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2411849.50   | 1.24%             | 2027-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Municipal Electric Generation Agency                          | OHIO ST MUNI ELEC GENERATION AGY                    | CUSIP: 677409AU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4437760.65   | 2.27%             | 2028-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                             | OHIO ST AIR QUALITY DEV AUTH                        | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006280.70   | 0.52%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                             | OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REVENUE    | CUSIP: 67754AAD6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1701945.82   | 0.87%             | 2038-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP FAC REVENUE                            | CUSIP: 677561KN1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2075463.07   | 1.06%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP FAC REVENUE                            | CUSIP: 677561LF7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20546.85     | 0.01%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP FAC REVENUE                            | CUSIP: 677561MJ8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    225000 | PA      | $231152.02    | 0.12%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP FAC REVENUE                            | CUSIP: 677561ML3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    110000 | PA      | $114518.98    | 0.06%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP FAC REVENUE                            | CUSIP: 677561MR0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1881610.46   | 0.96%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP FAC REVENUE                            | CUSIP: 677561MT6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1758347.51   | 0.90%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP REVENUE                                | CUSIP: 67756CGA0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1599627.60   | 0.82%             | 2048-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DE44<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1302670.32   | 0.67%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DJY3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009215.20   | 0.52%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DM52<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2256624.05   | 1.16%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DQ33<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2342445.30   | 1.20%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DSF4<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038519.50   | 0.53%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DW51<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $536732.55    | 0.28%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                        | OHIO ST HSG FIN AGY RSDL MTGE REVENUE               | CUSIP: 67756Q3M7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    850000 | PA      | $897569.06    | 0.46%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                        | OHIO ST HSG FIN AGY RSDL MTGE REVENUE               | CUSIP: 67756Q4N4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    875000 | PA      | $895282.76    | 0.46%             | 2043-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                        | OHIO ST HSG FIN AGY RSDL MTGE REVENUE               | CUSIP: 67756Q6T9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2892984.85   | 1.48%             | 2044-09-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                        | OHIO ST HSG FIN AGY RSDL MTGE REVENUE               | CUSIP: 67756QZT7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    375000 | PA      | $340186.31    | 0.17%             | 2039-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST MAJOR NEW STATE INFRASTRUCTURE PROJ REVENUE | CUSIP: 677581JN1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    350000 | PA      | $387318.05    | 0.20%             | 2033-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST PRIVATE ACTIVITY REVENUE                    | CUSIP: 67759YAN7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502159.70   | 0.77%             | 2035-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                          | OHIO ST TURNPIKE COMMISSION                         | CUSIP: 67760HMA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1875873.00   | 0.96%             | 2046-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                          | OHIO ST UNIV                                        | CUSIP: 677632N56<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1300803.77   | 0.67%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                          | OHIO ST UNIV                                        | CUSIP: 677632Q95<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2133201.20   | 1.09%             | 2046-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                          | OHIO ST UNIV                                        | CUSIP: 677632T92<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2350914.60   | 1.20%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                          | OHIO ST UNIV                                        | CUSIP: 677632ZK0<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1160184.10   | 0.59%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                   | OHIO ST WTR DEV AUTH REVENUE                        | CUSIP: 67765QHL3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066974.40   | 0.55%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE       | CUSIP: 67766WE57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1926911.80   | 0.99%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE       | CUSIP: 67766WK50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1124459.40   | 0.58%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE        | CUSIP: 67766WQ21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.77%             | 2054-12-01      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| Ohio University                                                    | OHIO UNIV GEN RECPTS ATHENS                         | CUSIP: 677704G44<br>LEI: 549300P1K3IH2L5SFY61 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3162096.30   | 1.62%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Olmsted Falls City School District                                 | OLMSTED FALLS OH CITY SCH DIST                      | CUSIP: 681233EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $292113.20    | 0.15%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                   | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE          | CUSIP: 734195BF6<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    435000 | PA      | $446017.55    | 0.23%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                   | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE          | CUSIP: 734195BG4<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    350000 | PA      | $357132.86    | 0.18%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                   | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE          | CUSIP: 734195EE6<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    870000 | PA      | $826082.14    | 0.42%             | 2058-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                   | PORT OF GTR CINCINNATI DEV AUTH OH MF HSG REVENUE   | CUSIP: 73419RAK8<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018306.50   | 0.52%             | 2041-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                        | PUERTO RICO CMWLTH                                  | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021519.30   | 0.52%             | 2027-07-01      | Fixed         | 5.62%                 | 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        |    770000 | PA      | $780390.30    | 0.40%             | 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        |   2285000 | PA      | $2203624.30   | 1.13%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rickenbacker Port Authority                                        | RICKENBACKER PORT AUTH OH CAPITAL FUNDING REVENUE   | CUSIP: 765639AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1372671.50   | 0.70%             | 2032-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| RiverSouth Authority                                               | RIVERSOUTH OH AUTH REVENUE                          | CUSIP: 769318CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $830261.45    | 0.43%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Shaker Heights City School District                                | SHAKER HEIGHTS OH CITY SCH DIST                     | CUSIP: 819071SL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3118917.60   | 1.60%             | 2049-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Springboro Community City School District                          | SPRINGBORO OH CMNTY CITY SCH DIST                   | CUSIP: 85022KED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5504389.50   | 2.82%             | 2030-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Summit OH                                                | SUMMIT CO OH                                        | CUSIP: 86606WBX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062864.40   | 0.54%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sylvania City School District                                      | SYLVANIA OH CITY SCH DIST                           | CUSIP: 871463TW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $866171.03    | 0.44%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                     | ALLEN CNTY OH HOSP FACS REVENUE                     | CUSIP: 01757LGF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5145000 | PA      | $4539330.60   | 2.33%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Troy City School District/OH                                       | TROY OH CITY SCH DIST                               | CUSIP: 897676FM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044678.50   | 0.54%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                           | UNIV OF CINCINNATI OH RECPTS                        | CUSIP: 9141194X7<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4185062.40   | 2.14%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                           | UNIV OF CINCINNATI OH RECPTS                        | CUSIP: 914119G30<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016536.20   | 1.03%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westerville City School District                                   | WESTERVILLE OH CITY SCH DIST                        | CUSIP: 960028MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4590000 | PA      | $4740666.29   | 2.43%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Worthington City School District                                   | WORTHINGTON OH CITY SCH DIST                        | CUSIP: 982038TL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3191698.80   | 1.64%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer