# EDGAR Filing Document

**Accession Number:** 0001563696
**File Stem:** 0001410368-26-067137
**Filing Date:** 2026-6
**Character Count:** 88193
**Document Hash:** 60391d9c8ba7ca49b98f66bf4e84f84e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-067137.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001410368-26-067137

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20270131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eaton Vance Municipal Income 2028 Term Trust
- **CENTRAL INDEX KEY:** 0001563696

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22777
- **FILM NUMBER:** 261124765

**BUSINESS ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 800-225-6265

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Eaton Vance Municipal Income Term Trust
- **DATE OF NAME CHANGE:** 20121205

## Nport-Ex

Eaton Vance<br>

Municipal Income 2028 Term Trust

April 30, 2026

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 96.1%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 0.5% | Bond Bank — 0.5% | Bond Bank — 0.5% |
| Rickenbacker Port Authority, OH, (OASBO Expanded Asset Pooled Financing Program), 5.375%, 1/1/32 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;$984734 |
|  |  | &nbsp;&nbsp;**$984734** |
| Education — 1.8% | Education — 1.8% | Education — 1.8% |
| Capital Trust Agency, FL, (Florida Charter Educational Foundation, Inc.), 4.50%, 6/15/28<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;$259682 |
| Colorado State University, 4.375% to 3/1/29 (Put Date), 3/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1020205 |
| Pinellas County Educational Facilities Authority, FL, (Pinellas Academy of Math and Science), 4.125%, 12/15/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp; 240790 |
| University of North Carolina at Chapel Hill, 3.488%, (67% of SOFR + 1.05%), 12/1/41<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2006012 |
|  |  | &nbsp;&nbsp;**$3526689** |
| Electric Utilities — 1.4% | Electric Utilities — 1.4% | Electric Utilities — 1.4% |
| Long Island Power Authority, NY, 3.00% to 9/1/28 (Put Date), 9/1/55 | $&nbsp;&nbsp;&nbsp;&nbsp;1430 | &nbsp;&nbsp;$1431332 |
| San Antonio, TX, Electric and Gas Systems Revenue, 3.00% to 12/1/29 (Put Date), 2/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1343135 |
|  |  | &nbsp;&nbsp;**$2774467** |
| Escrowed/Prerefunded — 0.6% | Escrowed/Prerefunded — 0.6% | Escrowed/Prerefunded — 0.6% |
| Iowa Finance Authority, (Iowa Fertilizer Co.), Prerefunded to 12/1/32, 4.00% to 12/1/32 (Put Date), 12/1/50 | $&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1072098 |
|  |  | &nbsp;&nbsp;**$1072098** |
| General Obligations — 6.6% | General Obligations — 6.6% | General Obligations — 6.6% |
| Chicago Board of Education, IL: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;$3014435 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 506702 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1287648 |
| Fort Bend Independent School District, TX, (PSF Guaranteed), 3.80% to 8/1/28 (Put Date), 8/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1273047 |
| Illinois, 5.00%, 11/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1546130 |
| Northside Independent School District, TX, (PSF Guaranteed), 3.55% to 6/1/28 (Put Date), 6/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1772398 |
| Prosper Independent School District, TX, (PSF Guaranteed), 4.00% to 8/15/28 (Put Date), 2/15/53 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1023565 |
| Puerto Rico, 5.625%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;2754 | &nbsp;&nbsp;&nbsp;&nbsp; 2805401 |
|  |  | &nbsp;&nbsp;**$13229326** |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital — 4.9% | Hospital — 4.9% | Hospital — 4.9% |
| Colorado Health Facilities Authority, (AdventHealth Obligated Group), 5.00% to 11/19/26 (Put Date), 11/15/49 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;905 | &nbsp;&nbsp;$915712 |
| Colorado Health Facilities Authority, (CommonSpirit Health), 5.00%, 8/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2052732 |
| Illinois Finance Authority, (Presence Health Network), 5.00%, 2/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;2635 | &nbsp;&nbsp;&nbsp;&nbsp; 2678057 |
| New York State Dormitory Authority, (Memorial Sloan Kettering Cancer Center), 5.00% to 7/2/29 (Put Date), 7/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3207390 |
| Southeastern Ohio Port Authority, (Memorial Health System Obligated Group), 5.50%, 12/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985 | &nbsp;&nbsp;&nbsp;&nbsp; 985139 |
|  |  | &nbsp;&nbsp;**$9839030** |
| Housing — 9.1% | Housing — 9.1% | Housing — 9.1% |
| Colorado Housing and Finance Authority, 3.80%, 4/1/28 | $&nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;$1525687 |
| Connecticut Housing Finance Authority, 1.05%, 5/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1843979 |
| Florida Housing Finance Corp., (Osprey Sound Apartments), 3.00% to 9/1/28 (Put Date), 3/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 999506 |
| New Jersey Housing and Mortgage Finance Agency, (Rowan Towers), 3.10% to 7/1/28 (Put Date), 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805 | &nbsp;&nbsp;&nbsp;&nbsp; 806340 |
| New Mexico Mortgage Finance Authority, (Mountain View II and III Apartments), 2.92% to 9/1/26 (Put Date), 2/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 |
| New York City Housing Development Corp., NY: |  |  |
| &nbsp;&nbsp;&nbsp;Sustainable Development Bonds, 3.70% to 12/30/27 (Put Date), 5/1/63 | &nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1500380 |
| &nbsp;&nbsp;&nbsp;Sustainable Development Bonds, 4.30% to 11/1/28 (Put Date), 11/1/63 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1014224 |
| &nbsp;&nbsp;&nbsp;Sustainable Development Bonds, (FNMA), 3.10% to 2/1/31 (Put Date), 11/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 596824 |
| New York Housing Finance Agency, Sustainability Bonds, 3.40% to 5/1/29 (Put Date), 11/1/64 | &nbsp;&nbsp;&nbsp;&nbsp;1650 | &nbsp;&nbsp;&nbsp;&nbsp; 1655218 |
| Ohio Housing Finance Agency, Social Bonds, (FHLMC), (FNMA), (GNMA), 3.40%, 9/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp; 879908 |
| Phoenix Industrial Development Authority, AZ, (Broadway Farms at Hurley Station, Phase I), 3.10% to 2/1/28 (Put Date), 2/1/59 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1001067 |
| Raleigh Housing Authority, NC, (Tryon Flats), 2.95% to 3/1/29 (Put Date), 9/1/59 | &nbsp;&nbsp;&nbsp;&nbsp;1230 | &nbsp;&nbsp;&nbsp;&nbsp; 1225680 |
| Rhode Island Housing and Mortgage Finance Corp., Green Bonds, 3.60% to 10/1/27 (Put Date), 10/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1250382 |
| Virginia Housing Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;3.125% to 4/1/27 (Put Date), 7/1/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465 | &nbsp;&nbsp;&nbsp;&nbsp; 464988 |
| &nbsp;&nbsp;&nbsp;4.10%, 10/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;1465 | &nbsp;&nbsp;&nbsp;&nbsp; 1465942 |
| Wisconsin Housing and Economic Development Authority, Housing Revenue, 3.75% to 5/1/28 (Put Date), 11/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;1475 | &nbsp;&nbsp;&nbsp;&nbsp; 1481036 |
|  |  | &nbsp;&nbsp;**$18211161** |

---

------

Eaton Vance<br>

Municipal Income 2028 Term Trust

April 30, 2026

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Industrial Development Revenue — 21.9% | Industrial Development Revenue — 21.9% | Industrial Development Revenue — 21.9% |
| Amelia County Industrial Development Authority, VA, (Waste Management, Inc.), (AMT), 1.45%, 4/1/27 | $&nbsp;&nbsp;&nbsp;&nbsp;1015 | &nbsp;&nbsp;$991469 |
| Boone County, KY, (Duke Energy Kentucky, Inc.), 3.70%, 8/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 753529 |
| California Municipal Finance Authority, (Waste Management, Inc.), 3.30% to 2/1/28 (Put Date), 2/1/39<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1002061 |
| Chandler Industrial Development Authority, AZ, (Intel Corp.): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00% to 6/1/29 (Put Date), 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2020346 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00% to 9/1/27 (Put Date), 9/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2278009 |
| Louisiana Offshore Terminal Authority, (Loop LLC), 4.15%, 9/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1011098 |
| Louisiana Public Facilities Authority, (Cleco Power LLC), 4.25%, 12/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;2395 | &nbsp;&nbsp;&nbsp;&nbsp; 2395028 |
| Matagorda County Navigation District No. 1, TX, (AEP Texas Central Co.): |  |  |
| &nbsp;&nbsp;&nbsp;Series 2008-1, 4.00%, 6/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;3130 | &nbsp;&nbsp;&nbsp;&nbsp; 3131011 |
| &nbsp;&nbsp;&nbsp;Series 2008-2, 4.00%, 6/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3000969 |
| Michigan Strategic Fund, (DTE Electric Co. Exempt Facilities), (AMT), 3.875% to 6/3/30 (Put Date), 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;2110 | &nbsp;&nbsp;&nbsp;&nbsp; 2102113 |
| Michigan Strategic Fund, (Graphic Packaging International LLC), Green Bonds, (AMT), 4.00% to 10/1/26 (Put Date), 10/1/61 | &nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2501486 |
| Montgomery County Industrial Development Authority, PA, (Constellation Energy Generation LLC), 4.10% to 4/3/28 (Put Date), 4/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1023357 |
| National Finance Authority, NH, (Covanta), (AMT), 4.00%, 11/1/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp; 4441111 |
| New Jersey Economic Development Authority, (Continental Airlines), (AMT), 5.625%, 11/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1351996 |
| New York State Environmental Facilities Corp., (Casella Waste Systems, Inc.), (AMT), 5.125% to 9/3/30 (Put Date), 9/1/50<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 526016 |
| New York Transportation Development Corp., (Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 10/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3048838 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 1/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1153749 |
| Ohio Air Quality Development Authority, (Duke Energy Corp.), 4.00% to 6/1/27 (Put Date), 9/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1009444 |
| Parish of St. John the Baptist, LA, (Marathon Oil Corp.), 3.30% to 7/3/28 (Put Date), 6/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1258172 |
| Pennsylvania Economic Development Financing Authority, (Waste Management, Inc.), (AMT), 4.25% to 7/1/27 (Put Date), 7/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1515434 |
| Public Finance Authority, WI, (Celanese Corp.), 4.05%, 11/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2982900 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Industrial Development Revenue (continued) | Industrial Development Revenue (continued) | Industrial Development Revenue (continued) |
| Vermont Economic Development Authority, (Casella Waste Systems, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 4.625% to 4/3/28 (Put Date), 4/1/36<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;$106025 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00% to 6/1/27 (Put Date), 6/1/52<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1514890 |
| Whiting, IN, (BP Products North America, Inc.), (AMT), 5.00% to 6/5/26 (Put Date), 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2504689 |
|  |  | &nbsp;&nbsp;**$43623740** |
| Insured - Electric Utilities — 2.8% | Insured - Electric Utilities — 2.8% | Insured - Electric Utilities — 2.8% |
| Puerto Rico Electric Power Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$505311 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5061697 |
|  |  | &nbsp;&nbsp;**$5567008** |
| Insured - Hospital — 1.0% | Insured - Hospital — 1.0% | Insured - Hospital — 1.0% |
| Westchester County Local Development Corp., NY, (Westchester Medical Center Obligated Group), (AG), 5.25%, 11/1/31 | $&nbsp;&nbsp;&nbsp;&nbsp;1750 | &nbsp;&nbsp;$1914389 |
|  |  | &nbsp;&nbsp;**$1914389** |
| Insured - Lease Revenue/Certificates of Participation — 4.2% | Insured - Lease Revenue/Certificates of Participation — 4.2% | Insured - Lease Revenue/Certificates of Participation — 4.2% |
| New Jersey Transportation Trust Fund Authority, (Transportation System), (AMBAC), 0.00%, 12/15/28 | $&nbsp;&nbsp;&nbsp;&nbsp;9095 | &nbsp;&nbsp;$8426117 |
|  |  | &nbsp;&nbsp;**$8426117** |
| Insured - Transportation — 1.1% | Insured - Transportation — 1.1% | Insured - Transportation — 1.1% |
| Foothill/Eastern Transportation Corridor Agency, CA, (AG), 5.625%, 1/15/32 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795 | &nbsp;&nbsp;$900110 |
| New Jersey Economic Development Authority, (The Goethals Bridge Replacement), (AG), (AMT), 5.00%, 1/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;1340 | &nbsp;&nbsp;&nbsp;&nbsp; 1362495 |
|  |  | &nbsp;&nbsp;**$2262605** |
| Lease Revenue/Certificates of Participation — 1.1% | Lease Revenue/Certificates of Participation — 1.1% | Lease Revenue/Certificates of Participation — 1.1% |
| New Jersey Economic Development Authority, (Portal North Bridge Project), 5.00%, 11/1/32 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;$755671 |
| Pennsylvania Economic Development Financing Authority, (Pennsylvania Rapid Bridge Replacement), 5.00%, 12/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;1375 | &nbsp;&nbsp;&nbsp;&nbsp; 1378127 |
|  |  | &nbsp;&nbsp;**$2133798** |
| Other Revenue — 13.9% | Other Revenue — 13.9% | Other Revenue — 13.9% |
| Black Belt Energy Gas District, AL: |  |  |
| &nbsp;&nbsp;&nbsp;4.00% to 12/1/26 (Put Date), 10/1/52 | $&nbsp;&nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;$1256000 |
| &nbsp;&nbsp;&nbsp;5.00% to 7/1/31 (Put Date), 5/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;1690 | &nbsp;&nbsp;&nbsp;&nbsp; 1792446 |
| &nbsp;&nbsp;&nbsp;5.50% to 2/1/29 (Put Date), 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2099924 |

---

------

Eaton Vance<br>

Municipal Income 2028 Term Trust

April 30, 2026

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Other Revenue (continued) | Other Revenue (continued) | Other Revenue (continued) |
| Buckeye Tobacco Settlement Financing Authority, OH, 5.00%, 6/1/32 | $&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;$2154195 |
| California Community Choice Financing Authority, Clean Energy Project Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00% to 8/1/29 (Put Date), 12/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1045429 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00% to 10/1/32 (Put Date), 8/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2086881 |
| Kalispel Tribe of Indians, WA, Series A, 5.00%, 1/1/32<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;695 | &nbsp;&nbsp;&nbsp;&nbsp; 704381 |
| Main Street Natural Gas, Inc., GA, Gas Supply Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 516643 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 780105 |
| &nbsp;&nbsp;&nbsp;5.00% to 3/1/30 (Put Date), 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2643955 |
| &nbsp;&nbsp;&nbsp;5.00% to 12/1/30 (Put Date), 5/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;1370 | &nbsp;&nbsp;&nbsp;&nbsp; 1445991 |
| Northern California Energy Authority, 5.00% to 8/1/30 (Put Date), 12/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp; 1160098 |
| Patriots Energy Group Financing Agency, SC, Gas Supply Revenue, 5.25% to 8/1/31 (Put Date), 10/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;3680 | &nbsp;&nbsp;&nbsp;&nbsp; 3947550 |
| Southeast Energy Authority, AL, 5.00% to 2/1/31 (Put Date), 5/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2129119 |
| Texas Municipal Gas Acquisition and Supply Corp. IV, Gas Supply Revenue, 5.50% to 1/1/30 (Put Date), 1/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2115858 |
| Texas Municipal Gas Acquisition and Supply Corp. V, Gas Supply Revenue, 5.00% to 1/1/34 (Put Date), 1/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1867058 |
|  |  | &nbsp;&nbsp;**$27745633** |
| Senior Living/Life Care — 5.8% | Senior Living/Life Care — 5.8% | Senior Living/Life Care — 5.8% |
| Buffalo and Erie County Industrial Land Development Corp., NY, (Orchard Park CCRC, Inc.), 5.00%, 11/15/28 | $&nbsp;&nbsp;&nbsp;&nbsp;1360 | &nbsp;&nbsp;$1361827 |
| Colorado Health Facilities Authority, (Frasier Meadows Retirement Community), 5.25%, 5/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 254517 |
| Franklin County Industrial Development Authority, PA, (Menno-Haven, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 252548 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 254271 |
| Lancaster County Hospital Authority, PA, (Brethren Village), 5.00%, 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;1025 | &nbsp;&nbsp;&nbsp;&nbsp; 1029923 |
| Lee County Industrial Development Authority, FL, (Shell Point Obligated Group), 4.75%, 11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1003299 |
| Massachusetts Development Finance Agency, (Linden Ponds, Inc.), 5.00%, 11/15/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185 | &nbsp;&nbsp;&nbsp;&nbsp; 190773 |
| Montgomery County Industrial Development Authority, PA, (Whitemarsh Continuing Care Retirement Community), 4.25%, 1/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980 | &nbsp;&nbsp;&nbsp;&nbsp; 982104 |
| North Carolina Medical Care Commission, (Galloway Ridge), 5.00%, 1/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp; 562611 |
| Rockville, MD, (Ingleside at King Farm), 5.00%, 11/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp; 1115269 |

---

---

| | | |
|:---|:---|:---|
| **<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) |
| St. Louis County Industrial Development Authority, MO, (Friendship Village St. Louis Obligated Group), 5.00%, 9/1/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635 | &nbsp;&nbsp;$654634 |
| Tarrant County Cultural Education Facilities Finance Corp., TX, (MRC Stevenson Oaks), 6.25%, 11/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495 | &nbsp;&nbsp;&nbsp;&nbsp; 499205 |
| Tempe Industrial Development Authority, AZ, (Mirabella at ASU), 5.50%, 10/1/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1130 | &nbsp;&nbsp;&nbsp;&nbsp; 1100514 |
| Vermont Economic Development Authority, (Wake Robin Corp.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 505823 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 759121 |
| Washington Housing Finance Commission, (Bayview Manor Homes), 5.00%, 7/1/31<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1001065 |
|  |  | &nbsp;&nbsp;**$11527504** |
| Special Tax Revenue — 1.7% | Special Tax Revenue — 1.7% | Special Tax Revenue — 1.7% |
| Lakewood Ranch Stewardship District, FL, (Villages of Lakewood Ranch), 4.25%, 5/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;$200000 |
| Metropolitan Development and Housing Agency, TN, (Fifth + Broadway Development), 4.50%, 6/1/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;&nbsp; 262252 |
| New York Housing Finance Agency, Sustainability Bonds, 3.35% to 6/15/29 (Put Date), 6/15/54 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1002588 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1949209 |
|  |  | &nbsp;&nbsp;**$3414049** |
| Student Loan — 2.1% | Student Loan — 2.1% | Student Loan — 2.1% |
| Massachusetts Educational Financing Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 1/1/27 | $&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;$3003571 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;1120 | &nbsp;&nbsp;&nbsp;&nbsp; 1158416 |
|  |  | &nbsp;&nbsp;**$4161987** |
| Transportation — 14.5% | Transportation — 14.5% | Transportation — 14.5% |
| Bay Area Toll Authority, CA, (San Francisco Bay Area), 3.92%, (SIFMA + 0.30%), 4/1/56<sup>(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;4050 | &nbsp;&nbsp;$4035390 |
| Dallas and Fort Worth, TX, (Dallas/Fort Worth International Airport), (AMT), 5.00%, 11/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1575382 |
| Foothill/Eastern Transportation Corridor Agency, CA, 5.90%, 1/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2045289 |
| Grand Parkway Transportation Corp., TX: |  |  |
| &nbsp;&nbsp;&nbsp;4.95%, 10/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp; 840046 |
| &nbsp;&nbsp;&nbsp;5.05%, 10/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1583491 |
| &nbsp;&nbsp;&nbsp;5.20%, 10/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2115157 |
| Houston, TX, (United Airlines, Inc.), (AMT), 5.00%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;1205 | &nbsp;&nbsp;&nbsp;&nbsp; 1206290 |
| Metropolitan Transportation Authority, NY, 5.00% to 5/15/30 (Put Date), 11/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2407297 |

---

------

Eaton Vance<br>

Municipal Income 2028 Term Trust

April 30, 2026

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation (continued) | Transportation (continued) | Transportation (continued) |
| New York Transportation Development Corp., (Terminal 4 John F. Kennedy International Airport), (AMT), 5.00%, 12/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;$2115304 |
| Port Authority of New York and New Jersey, (AMT), 4.00%, 7/15/36<sup>(3)</sup> | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10001100 |
| Virgin Islands Transportation and Infrastructure Corp., 5.00%, 9/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1039946 |
|  |  | &nbsp;&nbsp;**$28964692** |
| Water and Sewer — 1.1% | Water and Sewer — 1.1% | Water and Sewer — 1.1% |
| Clairton Municipal Authority, PA, Sewer Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/28 | $&nbsp;&nbsp;&nbsp;&nbsp;1515 | &nbsp;&nbsp;$1576604 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp; 579325 |
|  |  | &nbsp;&nbsp;**$2155929** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $187,742,045) |  | &nbsp;&nbsp;**$191534956** |

---

Taxable Municipal Obligations — 6.1%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations — 3.9% | General Obligations — 3.9% | General Obligations — 3.9% |
| Atlantic City, NJ, 7.00%, 3/1/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;945 | &nbsp;&nbsp;$977898 |
| Chicago, IL: |  |  |
| &nbsp;&nbsp;&nbsp;7.375%, 1/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881 | &nbsp;&nbsp;&nbsp;&nbsp; 929456 |
| &nbsp;&nbsp;&nbsp;7.781%, 1/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;1670 | &nbsp;&nbsp;&nbsp;&nbsp; 1798682 |
| University of Connecticut, 3.83%, 3/23/27 | &nbsp;&nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp; 3993075 |
|  |  | &nbsp;&nbsp;**$7699111** |
| Insured - Transportation — 2.2% | Insured - Transportation — 2.2% | Insured - Transportation — 2.2% |
| Alameda Corridor Transportation Authority, CA, (AMBAC), 0.00%, 10/1/31 | $&nbsp;&nbsp;&nbsp;&nbsp;5805 | &nbsp;&nbsp;$4474996 |
|  |  | &nbsp;&nbsp;**$4474996** |
| Total Taxable Municipal Obligations<br> (identified cost $11,478,474) |  | &nbsp;&nbsp;**$12174107** |

---

Short-Term Investments — 0.1%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| BlackRock Liquidity Funds - MuniCash, Institutional Shares, 3.31%<sup>(4)</sup> | 206281 | &nbsp;&nbsp;$206302 |
| Total Short-Term Investments<br> (identified cost $206,302) |  | &nbsp;&nbsp;**$206302** |
| Total Investments — 102.3%<br> (identified cost $199,426,821) |  | &nbsp;&nbsp;**$203915365** |
| Other Assets, Less Liabilities — (2.3)% |  | &nbsp;&nbsp;**$(4496178)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$199419187** |

---

---

| | |
|:---|:---|
| 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 April 30, 2026, the aggregate value of these securities is $11,349,560 or 5.7% of the Trust's net assets. |
| <sup>(2)</sup> | Floating rate security. The stated interest rate represents the rate in effect at April 30, 2026. |
| <sup>(3)</sup> | Security represents the municipal bond held by a trust that issues residual interest bonds. |
| <sup>(4)</sup> | The rate shown is the annualized seven-day yield as of April 30, 2026. |
| At April 30, 2026, the concentration of the Trust's investments in the various states and territories, determined as a percentage of total investments, is as follows: | At April 30, 2026, the concentration of the Trust's investments in the various states and territories, determined as a percentage of total investments, is as follows: |

---

---

| | |
|:---|:---|
| New York | 16.2% |
| Texas | 11.5% |
| Others, representing less than 10% individually | 72.3% |

---

The Trust invests primarily in debt securities issued by 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 April 30, 2026, 11.1% 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 2.0% to 6.3% of total investments.

------

Eaton Vance<br>

Municipal Income 2028 Term Trust

April 30, 2026

Portfolio of Investments (Unaudited) — continued

------

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AG | – Assured Guaranty, Inc. |
| AMBAC | – AMBAC Financial Group, Inc. |
| AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| NPFG | – National Public Finance Guarantee Corp. |
| PSF | – Permanent School Fund |
| SIFMA | – Securities Industry and Financial Markets Association Municipal Swap Index |
| SOFR | – Secured Overnight Financing Rate |

---

The Trust did not have any open derivative instruments at April 30, 2026.

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 April 30, 2026, the hierarchy of inputs used in valuing the Trust'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;$191534956 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$191534956 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12174107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12174107 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;206302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206302 |
| **Total Investments** | &nbsp;&nbsp;**$206302** | &nbsp;&nbsp;&nbsp;&nbsp;**$203709063** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$203915365** |

---

For information on the Trust's policy regarding the valuation of investments and other significant accounting policies, please refer to the Trust'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 Municipal Income 2028 Term Trust

- **b. Investment Company Act file number:** 811-22777

- **c. CIK number of Registrant:** 0001563696

- **d. LEI of Registrant:** 549300MBQTU3LRVTCH04

- **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 Municipal Income 2028 Term Trust

- **c. LEI of Series:** 549300MBQTU3LRVTCH04

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

- **a. Date of fiscal year-end:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $206844169.98

**Total Liabilities:** $7424884.96

**Net Assets:** $199419285.02

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -554.74000000 | **1-Year:** -12267.92000000 | **5-Year:** -21130.99000000 | **10-Year:** -17903.31000000 | **30-Year:** -13957.90000000

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

- **3-Month:** -377.45000000 | **1-Year:** -2847.04000000 | **5-Year:** -3267.22000000 | **10-Year:** -542.03000000 | **30-Year:** -515.90000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.69%                | -0.77%               | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1868.42                 | $810251.96                                 |
| Month 2  | $-257.12                 | $-2109956.10                               |
| Month 3  | $-310.99                 | $248597.55                                 |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| New Jersey Economic Development Authority                           | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 645918Z97<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1362495.12   | 0.68%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                         | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691LD0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1431332.19   | 0.72%             | 2055-09-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No 1                           | MATAGORDA CNTY TX NAV DIST #1                                | CUSIP: 576528DP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3131010.68   | 1.57%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                      | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2154195.40   | 1.08%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                              | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002060.80   | 0.50%             | 2039-02-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                              | NEW YORK CITY NY HSG DEV CORP MF HSG REV                     | CUSIP: 64972KNP6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    600000 | PA      | $596824.20    | 0.30%             | 2045-11-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                      | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1255999.88   | 0.63%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                         | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DJR4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $780105.53    | 0.39%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Energy Authority                                | NRTHRN CA ENERGY AUTH COMMODITY SPLY REVENUE                 | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1160098.06   | 0.58%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                              | VERMONT ST ECON DEV AUTH SOLID WST DISP REVENUE              | CUSIP: 924157AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514889.90   | 0.76%             | 2052-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                           | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                   | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2278008.90   | 1.14%             | 2052-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                              | VERMONT ST ECON DEV AUTH SOLID WST DISP REVENUE              | CUSIP: 924157AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $106025.22    | 0.05%             | 2036-04-01      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                              | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972E7D5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014223.90   | 0.51%             | 2063-11-01      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                      | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136ER8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   9095000 | PA      | $8426117.32   | 4.23%             | 2028-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                             | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698TD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2102113.03   | 1.05%             | 2053-06-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                              | VERMONT ST ECON DEV AUTH MTGEREVENUE                         | CUSIP: 92415TBN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $759120.98    | 0.38%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                  | CHICAGO IL                                                   | CUSIP: 167486VV8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    881000 | PA      | $929456.06    | 0.47%             | 2033-01-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                       | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RLR8<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3003571.20   | 1.51%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                         | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                        | CUSIP: 67756UAG3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    875000 | PA      | $879907.70    | 0.44%             | 2028-09-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                              | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009444.30   | 0.51%             | 2030-09-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rockville MD                                                | ROCKVILLE MD MAYOR & COUNCIL ECON DEV REVENUE                | CUSIP: 774223AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1115268.99   | 0.56%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                           | KALISPEL TRIBE OF INDIANS PRIORITY DIST WA REVENUE           | CUSIP: 48340PAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $704380.55    | 0.35%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                           | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XDS2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    675000 | PA      | $755670.74    | 0.38%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                               | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE               | CUSIP: 64987J2X8<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1655218.13   | 0.83%             | 2064-11-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FXC3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    905000 | PA      | $915712.49    | 0.46%             | 2049-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                              | COLORADO ST HSG & FIN AUTH                                   | CUSIP: 19648GE99<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1525686.75   | 0.77%             | 2028-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                     | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2086880.80   | 1.05%             | 2055-08-01      | Floating      | 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        |    900000 | PA      | $984734.37    | 0.49%             | 2032-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                               | NEW MEXICO ST MTGE FIN AUTH MF HSG REVENUE                   | CUSIP: 64719HET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499999.65    | 0.25%             | 2042-02-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                            | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3048837.60   | 1.53%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FBR4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254517.53    | 0.13%             | 2028-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                     | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045429.20   | 0.52%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                         | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2754100 | PA      | $2805401.17   | 1.41%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                        | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 76221SEX5<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250382.00   | 0.63%             | 2054-10-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                       | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RTY5<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1158415.78   | 0.58%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                           | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1206289.59   | 0.60%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                               | LOUISIANA ST OFFSHORE TERMINAL AUTH DEEPWATER PORT REVENUE   | CUSIP: 546510FS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011097.50   | 0.51%             | 2027-09-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                               | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2407296.83   | 1.21%             | 2045-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                               | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1273046.75   | 0.64%             | 2055-08-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                          | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505YW0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1287648.00   | 0.65%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue              | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1949208.80   | 0.98%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                             | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XT4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4035389.63   | 2.02%             | 2056-04-01      | Floating      | 3.39%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                   | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115157.40   | 1.06%             | 2031-10-01      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                              | TEMPE AZ INDL DEV AUTH REVENUE                               | CUSIP: 87972MAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1100513.55   | 0.55%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority/PA                 | FRANKLIN CNTY PA INDL DEV AUTH REVENUE                       | CUSIP: 353273BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252548.05    | 0.13%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority               | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PJX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1378127.30   | 0.69%             | 2029-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System              | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE     | CUSIP: 196707V67<br>LEI: 549300MAE3RAIIEIQV71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020205.30   | 0.51%             | 2048-03-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                      | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099924.20   | 1.05%             | 2049-06-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                           | UNIV OF CONNECTICUT CT                                       | CUSIP: 9142334T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3993075.20   | 2.00%             | 2027-03-23      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FKD5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2052732.00   | 1.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlantic City NJ                                            | ATLANTIC CITY NJ                                             | CUSIP: 048339UG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $977897.81    | 0.49%             | 2028-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| St Louis County Industrial Development Authority                    | SAINT LOUIS CNTY MO INDL DEV AUTH SENIOR LIVING FACS         | CUSIP: 791524CL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $654633.95    | 0.33%             | 2028-09-01      | Fixed         | 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        |   1370000 | PA      | $1445991.30   | 0.73%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                              | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045R96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1029923.18   | 0.52%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No 1                           | MATAGORDA CNTY TX NAV DIST #1                                | CUSIP: 576528DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000968.70   | 1.50%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp              | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE            | CUSIP: 11943KCN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1361826.89   | 0.68%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                   | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2129119.20   | 1.07%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                         | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DJQ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516642.95    | 0.26%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                  | WHITING IN ENVRNMNTL FACS REVENUE                            | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504689.00   | 1.26%             | 2044-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                         | UNIV OF NORTH CAROLINA NC AT CHAPEL HILL  REVENUE            | CUSIP: 914713U75<br>LEI: 5493004DU2QADMVXVR58 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006011.80   | 1.01%             | 2041-12-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                            | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115304.00   | 1.06%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                           | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                   | CUSIP: 010869EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5805000 | PA      | $4474995.55   | 2.24%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                            | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1153749.26   | 0.58%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Ohio Port Authority                                    | S ESTRN OH PORT AUTH HOSP FACS REVENUE                       | CUSIP: 841895AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $985138.69    | 0.49%             | 2029-12-01      | Fixed         | 5.50%                 | 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        |    500000 | PA      | $505311.40    | 0.25%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue               | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GNT6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1343135.25   | 0.67%             | 2055-02-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Nashville Metropolitan Development & Housing Agency                 | NASHVILLE MET DEV & HSG AGY TN TAX INCR REVENUE              | CUSIP: 591874AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $262252.12    | 0.13%             | 2028-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                               | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775HFJ7<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1843979.60   | 0.92%             | 2029-05-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WML5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10001100.00  | 5.02%             | 2036-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                   | ILLINOIS ST                                                  | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546129.65   | 0.78%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                              | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972E4M8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500380.40   | 0.75%             | 2063-05-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                          | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WA0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3014435.40   | 1.51%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                              | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YQU3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    560000 | PA      | $562611.45    | 0.28%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                   | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $840046.00    | 0.42%             | 2029-10-01      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds - MuniCash                                | BlackRock Liquidity Funds - MuniCash                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    206281 | NS      | $206301.52    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                         | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2643954.75   | 1.33%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority/PA                 | FRANKLIN CNTY PA INDL DEV AUTH REVENUE                       | CUSIP: 353273BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254271.00    | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Boone KY                                                  | BOONE CNTY KY POLL CONTROL REVENUE                           | CUSIP: 098792AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $753529.20    | 0.38%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                           | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TFG6<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1914389.23   | 0.96%             | 2031-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                        | FLORIDA ST HSG FIN CORP                                      | CUSIP: 34073JVF3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999506.20    | 0.50%             | 2043-03-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                           | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                   | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020346.40   | 1.01%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Housing Authority                                           | RALEIGH NC HSG AUTH MF REVENUE                               | CUSIP: 751115CB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1225679.63   | 0.61%             | 2059-09-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Amelia County Industrial Development Authority                      | AMELIA CNTY VA INDL DEV AUTH SOL WST DISP REVENUE            | CUSIP: 023445AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $991469.26    | 0.50%             | 2027-04-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                            | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CAZ2<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    260000 | PA      | $259681.76    | 0.13%             | 2028-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp                 | VIRGIN ISLANDS TRANSPRTN & INFRASTRUCTURE CORP GRANT ANTIC   | CUSIP: 927686AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039946.40   | 0.52%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                             | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CFP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1575382.20   | 0.79%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                        | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE         | CUSIP: 649852AT7<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    500000 | PA      | $526015.55    | 0.26%             | 2050-09-01      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp           | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU | CUSIP: 87638RKE6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    495000 | PA      | $499205.22    | 0.25%             | 2031-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pinellas County Educational Facilities Authority                    | PINELLAS CNTY FL EDUCTNL FACS AUTH                           | CUSIP: 723161GY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $240789.79    | 0.12%             | 2028-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                      | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1792445.77   | 0.90%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                           | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1351995.98   | 0.68%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V                     | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP V GAS SPLY REVENUE | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1867057.68   | 0.94%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                             | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501486.50   | 1.25%             | 2061-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                    | SAINT JOHN THE BAPTIST PARISH LA REVENUE                     | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1258172.38   | 0.63%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                              | VERMONT ST ECON DEV AUTH MTGEREVENUE                         | CUSIP: 92415TBM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505823.45    | 0.25%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                 | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.10%             | 2026-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                              | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WLB8<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1465941.85   | 0.74%             | 2027-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                            | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YMF3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    185000 | PA      | $190772.59    | 0.10%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                          | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EEV6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2678056.69   | 1.34%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Housing Revenue  | WISCONSIN ST HSG & ECON DEV AUTH HSG REVENUE                 | CUSIP: 9769045G3<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1481036.00   | 0.74%             | 2055-11-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                               | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RR79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1772398.08   | 0.89%             | 2050-06-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                              | IOWA ST FIN AUTH MIDWSTRN DISASTER AREA REVENUE              | CUSIP: 46246SAW5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072098.30   | 0.54%             | 2050-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The | PHOENIX AZ INDL DEV AUTH MF HSG REVENUE                      | CUSIP: 718903RV1<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001066.80   | 0.50%             | 2059-02-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                         | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783TA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001064.70   | 0.50%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                              | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   3680000 | PA      | $3947550.35   | 1.98%             | 2054-10-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority               | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1515433.65   | 0.76%             | 2041-07-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA               | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609G34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $982104.16    | 0.49%             | 2028-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                          | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505VZ6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506701.55    | 0.25%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                   | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1583491.05   | 0.79%             | 2030-10-01      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                     | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE   | CUSIP: 345105HE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045289.20   | 1.03%             | 2027-01-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                        | NEW JERSEY ST HSG & MTGE FIN AGY MF CONDUIT REVENUE          | CUSIP: 646127FW5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    805000 | PA      | $806339.84    | 0.40%             | 2029-07-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                     | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE   | CUSIP: 345105HK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $900109.49    | 0.45%             | 2032-01-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526Q2P6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5061696.50   | 2.54%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                               | NEW YORK ST HSG FIN AGY ST PERSONAL INCOME TAX REVENUE       | CUSIP: 649870NG3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002587.70   | 0.50%             | 2054-06-15      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                  | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SBZ5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3207390.00   | 1.61%             | 2048-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                            | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4441111.20   | 2.23%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                               | LOUISIANA ST PUBLIC FACS AUTHREVENUE                         | CUSIP: 546398Q76<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2395028.02   | 1.20%             | 2038-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Clairton Municipal Authority                                        | CLAIRTON PA MUNI AUTH SWR REVENUE                            | CUSIP: 179630DE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1576603.69   | 0.79%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clairton Municipal Authority                                        | CLAIRTON PA MUNI AUTH SWR REVENUE                            | CUSIP: 179630DF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $579325.45    | 0.29%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA               | MONTGOMERY CNTY PA INDL DEV AUTH EXEMPT FACS REVENUE         | CUSIP: 61361TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023356.50   | 0.51%             | 2053-04-01      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                    | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                  | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115857.60   | 1.06%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                            | PUBLIC FIN AUTH WI EXEMPT FACS REVENUE                       | CUSIP: 74443QAE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2982900.00   | 1.50%             | 2030-11-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                  | CHICAGO IL                                                   | CUSIP: 167486MM8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1798682.18   | 0.90%             | 2035-01-01      | Fixed         | 7.78%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                 | PROSPER TX INDEP SCH DIST                                    | CUSIP: 7436006C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023565.50   | 0.51%             | 2053-02-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                      | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                | CUSIP: 52349EER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003298.80   | 0.50%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                              | VIRGINIA HSG DEV AUTH                                        | CUSIP: 92812XRF1<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    465000 | PA      | $464988.24    | 0.23%             | 2056-07-01      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Eaton Vance Municipal Income 2028 Term Trust

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer