# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-23-014877
**Filing Date:** 2023-1
**Character Count:** 82426
**Document Hash:** 576cd9dbe8e3bf712496f72a6d935e34
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014877.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014877

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230831

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04409
- **FILM NUMBER:** 23557032

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

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

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

## Series and Classes Contracts Data

### Eaton Vance Oregon Municipal Income Fund (Series ID: S000004852)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000013142 | Eaton Vance Oregon Municipal Income Fund Class A | ETORX           |
| C000013144 | Eaton Vance Oregon Municipal Income Fund Class C | ECORX           |
| C000092722 | Eaton Vance Oregon Municipal Income Fund Class I | EIORX           |

## Nport-Ex

Eaton Vance<br>

Oregon Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 99.2%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 0.4% | Bond Bank — 0.4% | Bond Bank — 0.4% |
| Oregon, Bond Bank Revenue, 5.00%, 1/1/33 | $&nbsp;&nbsp;&nbsp;&nbsp;610 | &nbsp;&nbsp;$647546 |
|  |  | &nbsp;&nbsp;**$647546** |
| Education — 6.7% | Education — 6.7% | Education — 6.7% |
| Forest Grove, OR, (Pacific University): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 5/1/39 | $&nbsp;&nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;$556735 |
| &nbsp;&nbsp;&nbsp;4.00%, 5/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp; 762571 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 511425 |
| Oregon Facilities Authority, (University of Portland): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 521215 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 519660 |
| University of Oregon, 5.00%, 4/1/50 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2664750 |
| Yamhill County, OR, (George Fox University): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp; 898082 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/41 | 3005 | &nbsp;&nbsp;&nbsp;&nbsp; 2779685 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/51 | 1175 | &nbsp;&nbsp;&nbsp;&nbsp; 1014542 |
|  |  | &nbsp;&nbsp;**$10228665** |
| Electric Utilities — 4.1% | Electric Utilities — 4.1% | Electric Utilities — 4.1% |
| Confederated Tribes of Warm Springs Reservation, OR, (Pelton-Round Butte Hydroelectric Project): |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 11/1/32<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$550230 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 11/1/34<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 546180 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 11/1/36<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 542270 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 11/1/39<sup>(1)</sup> | 1300 | &nbsp;&nbsp;&nbsp;&nbsp; 1399320 |
| Eugene, OR, Electric Utility System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | 1040 | &nbsp;&nbsp;&nbsp;&nbsp; 1104272 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/47 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2113040 |
|  |  | &nbsp;&nbsp;**$6255312** |
| Escrowed/Prerefunded — 2.9% | Escrowed/Prerefunded — 2.9% | Escrowed/Prerefunded — 2.9% |
| Klamath County School District, OR, Prerefunded to 6/15/23, 5.00%, 6/15/29 | $1155 | &nbsp;&nbsp;$1170616 |
| Medford, OR, Prerefunded to 7/15/23, 5.00%, 7/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;545 | &nbsp;&nbsp;&nbsp;&nbsp; 553431 |
| Pendleton School District No. 16R, OR, Umatilla County, Prerefunded to 6/15/24, 5.00%, 6/15/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1036540 |
| Tri-County Metropolitan Transportation District, OR, Payroll Tax Revenue, Prerefunded to 9/1/27, 5.00%, 9/1/38 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1659030 |
|  |  | &nbsp;&nbsp;**$4419617** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations — 45.9% | General Obligations — 45.9% | General Obligations — 45.9% |
| Astoria School District No. 1C, OR, Clatsop County, 5.00%, 6/15/37 | $1380 | &nbsp;&nbsp;$1518373 |
| Beaverton School District 48J, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp; 406304 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/52<sup>(2)</sup> | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2194232 |
| Canby School District No. 86, OR, 4.00%, 6/15/38 | 1170 | &nbsp;&nbsp;&nbsp;&nbsp; 1194406 |
| Centennial School District No. 28Jt, OR, 4.00%, 6/15/39 | 1855 | &nbsp;&nbsp;&nbsp;&nbsp; 1880005 |
| Central School District No. 13J, OR, Polk, Marion and Benton Counties, 0.00%, 6/15/38 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 393173 |
| Clackamas Community College District, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/39 | 1245 | &nbsp;&nbsp;&nbsp;&nbsp; 1328701 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/40 | 1585 | &nbsp;&nbsp;&nbsp;&nbsp; 1686757 |
| Clackamas County, OR, 5.00%, 6/1/26 | 3340 | &nbsp;&nbsp;&nbsp;&nbsp; 3601823 |
| David Douglas School District No. 40, OR, Multnomah County, 0.00%, 6/15/24 | 1640 | &nbsp;&nbsp;&nbsp;&nbsp; 1567381 |
| Forest Grove School District No. 15, OR, Washington County, 0.00%, 6/15/26 | 1975 | &nbsp;&nbsp;&nbsp;&nbsp; 1767111 |
| Gresham-Barlow School District No. 10Jt, OR, Multnomah and Clackamas Counties: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 148164 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 283652 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 338990 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1056960 |
| Hermiston School District No. 8R, OR, 0.00%, 6/15/43 | 2660 | &nbsp;&nbsp;&nbsp;&nbsp; 1044742 |
| Hillsboro School District No. 1J, OR, Washington, Multnomah and Yamhill Counties: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/32 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2179220 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/37 | 1605 | &nbsp;&nbsp;&nbsp;&nbsp; 1720576 |
| Jackson County School District No. 6, OR, Central Point: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 347190 |
| &nbsp;&nbsp;&nbsp;4.00%, 6/15/38 | 1385 | &nbsp;&nbsp;&nbsp;&nbsp; 1406537 |
| Lake Oswego, OR, 5.00%, 6/1/33 | 2450 | &nbsp;&nbsp;&nbsp;&nbsp; 2476974 |
| Metro, OR, 4.00%, 6/1/31 | 1365 | &nbsp;&nbsp;&nbsp;&nbsp; 1449794 |
| North Clackamas School District No. 12, OR, Clackamas County: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/39 | 1620 | &nbsp;&nbsp;&nbsp;&nbsp; 1748709 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/42 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1610040 |
| Oregon: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/39 | 1745 | &nbsp;&nbsp;&nbsp;&nbsp; 1977190 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/40 | 1450 | &nbsp;&nbsp;&nbsp;&nbsp; 1634237 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 1615 | &nbsp;&nbsp;&nbsp;&nbsp; 1722688 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/44 | 1935 | &nbsp;&nbsp;&nbsp;&nbsp; 2092315 |
| Oregon City School District No. 62, Clackamas County: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/38 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2167520 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/49 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3193500 |

---

------

Eaton Vance<br>

Oregon Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Oregon Elderly and Disabled Housing, (AMT), 5.65%, 8/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;505 | &nbsp;&nbsp;$506212 |
| Pendleton School District No. 16R, OR, Umatilla County, 5.00%, 6/15/24 | 1220 | &nbsp;&nbsp;&nbsp;&nbsp; 1264176 |
| Philomath School District No. 17J, OR, Benton and Polk Counties: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 831960 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 541457 |
| Portland Housing Authority, OR, (Pearl Court LP), (AMT), 4.625%, 1/1/27 | 1280 | &nbsp;&nbsp;&nbsp;&nbsp; 1327834 |
| Portland Housing Authority, OR, (Yards Union Station Project), (AMT), 4.85%, 5/1/29 | 2740 | &nbsp;&nbsp;&nbsp;&nbsp; 2742603 |
| Portland, OR, 5.00%, 4/1/41 | 1220 | &nbsp;&nbsp;&nbsp;&nbsp; 1362215 |
| Puerto Rico, 5.625%, 7/1/29 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1281313 |
| Redmond School District No. 2J, OR, Deschutes and Jefferson Counties: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp; 426199 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/27 | 3175 | &nbsp;&nbsp;&nbsp;&nbsp; 2751836 |
| Redmond, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;&nbsp; 625570 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1087250 |
| Reynolds School District No. 7, OR, Multnomah County, 3.00%, 6/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 182976 |
| Riverdale School District No. 51J, OR, Multnomah and Clackamas Counties: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 797320 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/30 | 1215 | &nbsp;&nbsp;&nbsp;&nbsp; 932889 |
| Salem-Keizer School District No. 24J, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/29 | 1050 | &nbsp;&nbsp;&nbsp;&nbsp; 845838 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/37 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2715675 |
| St. Helens School District No. 502, OR, 5.00%, 6/15/45 | 1075 | &nbsp;&nbsp;&nbsp;&nbsp; 1155937 |
| Warrenton-Hammond School District No. 30, OR, Clatsop County, 5.00%, 6/15/32 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1123130 |
| West Linn-Wilsonville School District No. 3Jt, OR, Clackamas and Washington Counties, 0.00%, 6/15/37 | 1375 | &nbsp;&nbsp;&nbsp;&nbsp; 753308 |
| Winston-Dillard School District No. 116, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp; 139242 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;&nbsp;&nbsp; 249281 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/39 | &nbsp;&nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;&nbsp; 292082 |
|  |  | &nbsp;&nbsp;**$70073567** |
| Hospital — 14.7% | Hospital — 14.7% | Hospital — 14.7% |
| Medford Hospital Facilities Authority, OR, (Asante Health System): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/15/39 | $1000 | &nbsp;&nbsp;$981710 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/15/45 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp; 4695480 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital (continued) | Hospital (continued) | Hospital (continued) |
| Oregon Facilities Authority, (PeaceHealth), 5.00%, 11/15/29 | $1500 | &nbsp;&nbsp;$1531110 |
| Oregon Facilities Authority, (Samaritan Health Services): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1041640 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 324597 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp; 288511 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/40 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1782760 |
| Oregon Health and Science University: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 7/1/40 | 1520 | &nbsp;&nbsp;&nbsp;&nbsp; 1513525 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 7/1/41 | 2605 | &nbsp;&nbsp;&nbsp;&nbsp; 2574339 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 7/1/51 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1897220 |
| Salem Hospital Facility Authority, OR, (Salem Health), 5.00%, 5/15/44 | 5250 | &nbsp;&nbsp;&nbsp;&nbsp; 5401410 |
| Union County Hospital Facility Authority, OR, (Grande Ronde Hospital), 5.00%, 7/1/47 | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 376732 |
|  |  | &nbsp;&nbsp;**$22409034** |
| Housing — 1.2% | Housing — 1.2% | Housing — 1.2% |
| Oregon Housing and Community Services Department: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 3.45%, 1/1/33 | $&nbsp;&nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;$887496 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.15%, 7/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp; 882119 |
|  |  | &nbsp;&nbsp;**$1769615** |
| Insured - Electric Utilities — 2.1% | Insured - Electric Utilities — 2.1% | Insured - Electric Utilities — 2.1% |
| Puerto Rico Electric Power Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/29 | $1045 | &nbsp;&nbsp;$1050392 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/34 | 2120 | &nbsp;&nbsp;&nbsp;&nbsp; 2107174 |
|  |  | &nbsp;&nbsp;**$3157566** |
| Insured - General Obligations — 4.2% | Insured - General Obligations — 4.2% | Insured - General Obligations — 4.2% |
| Lebanon Community School District No. 9, OR, Linn County, (NPFG), 5.50%, 6/15/30 | $4000 | &nbsp;&nbsp;$4610840 |
| Newport, OR: |  |  |
| &nbsp;&nbsp;&nbsp;(AGC), 0.00%, 6/1/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 833070 |
| &nbsp;&nbsp;&nbsp;(AGC), 0.00%, 6/1/29 | 1225 | &nbsp;&nbsp;&nbsp;&nbsp; 984336 |
|  |  | &nbsp;&nbsp;**$6428246** |
| Other Revenue — 1.0% | Other Revenue — 1.0% | Other Revenue — 1.0% |
| Metro, OR, (Oregon Convention Center Hotel), 5.00%, 6/15/29 | $&nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;$233503 |
| Oregon Department of Administrative Services, Lottery Revenue, 5.00%, 4/1/33 | 1280 | &nbsp;&nbsp;&nbsp;&nbsp; 1377434 |
|  |  | &nbsp;&nbsp;**$1610937** |

---

------

Eaton Vance<br>

Oregon Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Senior Living/Life Care — 2.5% | Senior Living/Life Care — 2.5% | Senior Living/Life Care — 2.5% |
| Clackamas County Hospital Facility Authority, OR, (Rose Villa), 5.375%, 11/15/55 | $&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;$89235 |
| Multnomah County Hospital Facilities Authority, OR, (Mirabella at South Waterfront), 5.00%, 10/1/24 | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp; 175710 |
| Multnomah County Hospital Facilities Authority, OR, (Terwilliger Plaza): |  |  |
| &nbsp;&nbsp;&nbsp;1.20%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 425490 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 874460 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 736672 |
| Salem Hospital Facility Authority, OR, (Capital Manor): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 5/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 619620 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/24 | &nbsp;&nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;&nbsp; 110425 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp; 130532 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp; 135335 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp; 540751 |
|  |  | &nbsp;&nbsp;**$3838230** |
| Special Tax Revenue — 1.5% | Special Tax Revenue — 1.5% | Special Tax Revenue — 1.5% |
| American Samoa Economic Development Authority, 5.00%, 9/1/38<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$300813 |
| Beaverton, OR, Special Tax Revenue, 4.00%, 6/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 409468 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp; 1518096 |
|  |  | &nbsp;&nbsp;**$2228377** |
| Transportation — 9.9% | Transportation — 9.9% | Transportation — 9.9% |
| Oregon Department of Transportation, 5.00%, 11/15/35 | $1210 | &nbsp;&nbsp;$1350070 |
| Oregon Department of Transportation, (Highway User Tax), 5.00%, 11/15/40 | 4630 | &nbsp;&nbsp;&nbsp;&nbsp; 5121845 |
| Port of Portland, OR, (Portland International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/24 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1027320 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1039350 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;&nbsp; 415248 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/34 | 1525 | &nbsp;&nbsp;&nbsp;&nbsp; 1619763 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/34 | 1160 | &nbsp;&nbsp;&nbsp;&nbsp; 1179001 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/36 | 1265 | &nbsp;&nbsp;&nbsp;&nbsp; 1308870 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2054040 |
|  |  | &nbsp;&nbsp;**$15115507** |
| Water and Sewer — 2.1% | Water and Sewer — 2.1% | Water and Sewer — 2.1% |
| Grants Pass, OR, Wastewater Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/36 | $1160 | &nbsp;&nbsp;$1177319 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1008440 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Water and Sewer (continued) | Water and Sewer (continued) | Water and Sewer (continued) |
| Portland, OR, Water System Revenue, 5.00%, 5/1/44 | $1000 | &nbsp;&nbsp;$1080540 |
|  |  | &nbsp;&nbsp;**$3266299** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $150,689,182) |  | &nbsp;&nbsp;**$151448518** |

---

Taxable Municipal Obligations — 2.5%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Electric Utilities — 1.0% | Electric Utilities — 1.0% | Electric Utilities — 1.0% |
| Confederated Tribes of Warm Springs Reservation, OR, (Pelton-Round Butte Hydroelectric Project): |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 2.165%, 11/1/26<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$274023 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 2.37%, 11/1/27<sup>(1)</sup> | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1212286 |
|  |  | &nbsp;&nbsp;**$1486309** |
| General Obligations — 0.6% | General Obligations — 0.6% | General Obligations — 0.6% |
| Klamath County School District, OR, 1.71%, 6/15/29 | $1130 | &nbsp;&nbsp;$935256 |
|  |  | &nbsp;&nbsp;**$935256** |
| Insured - Housing — 0.9% | Insured - Housing — 0.9% | Insured - Housing — 0.9% |
| Oregon Facilities Authority, (CHF-Ashland, LLC - Southern Oregon University): |  |  |
| &nbsp;&nbsp;&nbsp;(AGM), 1.286%, 7/1/24 | $&nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;$141587 |
| &nbsp;&nbsp;&nbsp;(AGM), 1.659%, 7/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp; 155545 |
| &nbsp;&nbsp;&nbsp;(AGM), 2.255%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp; 150843 |
| &nbsp;&nbsp;&nbsp;(AGM), 2.579%, 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 208925 |
| &nbsp;&nbsp;&nbsp;(AGM), 3.508%, 7/1/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 768300 |
|  |  | &nbsp;&nbsp;**$1425200** |
| Total Taxable Municipal Obligations<br> (identified cost $4,530,000) |  | &nbsp;&nbsp;**$3846765** |
| Total Investments — 101.7%<br> (identified cost $155,219,182) |  | &nbsp;&nbsp;**$155295283** |
| Other Assets, Less Liabilities — (1.7)% |  | &nbsp;&nbsp;**$(2547383)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$152747900** |

---

------

Eaton Vance<br>

Oregon Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | The percentage shown for each investment category in the Portfolio of Investments is based on net assets. |
| <sup>(1)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At November 30, 2022, the aggregate value of these securities is $4,825,122 or 3.2% of the Fund's net assets. |
| <sup>(2)</sup> | Security represents the municipal bond held by a trust that issues residual interest bonds. |
| The Fund invests primarily in debt securities issued by Oregon municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At November 30, 2022, 7.1% 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 0.9% to 5.0% of total investments. | The Fund invests primarily in debt securities issued by Oregon municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At November 30, 2022, 7.1% 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 0.9% to 5.0% of total investments. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AGC | – Assured Guaranty Corp. |
| AGM | – Assured Guaranty Municipal Corp. |
| AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
| NPFG | – National Public Finance Guarantee Corp. |

---

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

Fair Value Measurements

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;$— | &nbsp;&nbsp;$151448518 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$151448518 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3846765 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3846765 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$155295283** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$155295283** |

---

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

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

- **b. EDGAR series identifier (if any):** S000004852

- **c. LEI of Series:** 549300RI38G2QKGDL216

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $157505696.33

**Total Liabilities:** $4339820.68

**Net Assets:** $153165875.65

**Cash Not Reported:** $5623.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -213.53000000 | **1-Year:** -5394.55000000 | **5-Year:** -33692.35000000 | **10-Year:** -43950.89000000 | **30-Year:** -8733.98000000

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

- **3-Month:** -6.48000000 | **1-Year:** -168.79000000 | **5-Year:** -1479.91000000 | **10-Year:** -1563.75000000 | **30-Year:** -457.08000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092722 | -3.30%               | -0.54%               | 4.34%                |
| Class ID C000013144 | -3.41%               | -0.67%               | 4.26%                |
| Class ID C000013142 | -3.31%               | -0.68%               | 4.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1049688.55             | $-4701973.08                               |
| Month 2  | $-2622782.76             | $1462943.70                                |
| Month 3  | $-3030793.79             | $9088498.24                                |

**Designated Index Information**

- **Index Name:** BBG Municipal Bd

- **Index Identifier:** MBINDEX

### Schedule of Portfolio Investments

| Name                                                                  | Title                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Salem Hospital Facility Authority                                     | SALEM OR HOSP FAC AUTH REVENUE                                   | CUSIP: 794458GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130531.70    | 0.09%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Polk Marion & Benton Counties School District No 13J Central          | POLK MARION & BENTON OR SCH DIST #13J                            | CUSIP: 731418KN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $393172.50    | 0.26%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                  | CLACKAMAS OR CMNTY CLG DIST                                      | CUSIP: 179390NN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1328701.35   | 0.87%             | 2039-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon              | MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE                         | CUSIP: 62551PCY1<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $874460.00    | 0.57%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                    | OREGON ST HLTH & SCIENCE UNIV REVENUE                            | CUSIP: 685869HC6<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1513524.80   | 0.99%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 10JT Gresham-Barlow | MULTNOMAH CLACKAMAS CNTYS OR SCH DIST #10JT GRESHAM-BARLOW       | CUSIP: 625482HM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $148164.00    | 0.10%             | 2031-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                  | CLACKAMAS OR CMNTY CLG DIST                                      | CUSIP: 179390NP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1686757.00   | 1.10%             | 2040-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                           | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES                  | CUSIP: 934312AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1399320.00   | 0.91%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                           | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES                  | CUSIP: 934312AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $274023.00    | 0.18%             | 2026-11-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| City of Grants Pass OR Wastewater Revenue                             | GRANTS PASS OR WSTWTR REVENUE                                    | CUSIP: 388379AJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008440.00   | 0.66%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District No 116 Winston-Dillard                 | DOUGLAS CNTY OR SCH DIST #116                                    | CUSIP: 259507CA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $139242.00    | 0.09%             | 2035-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No 24J                                   | SALEM-KEIZER OR SCH DIST #24J                                    | CUSIP: 794173FV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $845838.00    | 0.55%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton      | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                       | CUSIP: 9384292B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $406304.40    | 0.27%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport OR                                                    | NEWPORT OR                                                       | CUSIP: 652300LC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $833070.00    | 0.54%             | 2028-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Beaverton OR Special Revenue                                  | BEAVERTON OR SPL REVENUE                                         | CUSIP: 075554BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $409468.00    | 0.27%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Water System Revenue                              | PORTLAND OR WTR SYS REVENUE                                      | CUSIP: 736754QM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080540.00   | 0.71%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                          | CLACKAMAS CNTY OR HOSP FAC AUTH REVENUE                          | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89235.00     | 0.06%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department               | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                       | CUSIP: 68608EJS2<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    870000 | PA      | $882119.10    | 0.58%             | 2042-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Jackson County School District No 6 Central Point                     | JACKSON CNTY OR SCH DIST #6 CENTRL POINT                         | CUSIP: 467754JA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $347190.00    | 0.23%             | 2045-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JVZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041640.00   | 0.68%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport OR                                                    | NEWPORT OR                                                       | CUSIP: 652300LD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $984336.50    | 0.64%             | 2029-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                    | REDMOND OR                                                       | CUSIP: 757657WW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087250.00   | 0.71%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lake Oswego OR                                                | LAKE OSWEGO OR                                                   | CUSIP: 510390WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2476974.50   | 1.62%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JSF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521215.00    | 0.34%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Klamath County School District                                        | KLAMATH CNTY OR SCH DIST                                         | CUSIP: 498368BY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1170615.60   | 0.76%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Forward                                                          | PORTLAND OR HSG AUTH REVENUE                                     | CUSIP: 736703FU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1327833.60   | 0.87%             | 2027-01-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Forest Grove OR                                               | FOREST GROVE OR REVENUE                                          | CUSIP: 345648EJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $762570.60    | 0.50%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                   | PORT OF PORTLAND OR ARPT REVENUE                                 | CUSIP: 735240G23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1179000.80   | 0.77%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JYQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $155545.25    | 0.10%             | 2026-07-01      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 51JT Riverdale      | MULTNOMAH-CLACKAMAS CNTYS OR RIVERDALE SCH DIST #51JT            | CUSIP: 625487EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $932889.15    | 0.61%             | 2030-06-15      | None          | 0.00%                 | 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        |   1600000 | PA      | $1518096.00   | 0.99%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forest Grove OR                                               | FOREST GROVE OR REVENUE                                          | CUSIP: 345648DP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511425.00    | 0.33%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 8R Hermiston                       | UMATILLA CNTY OR SCH DIST #8 R HERMISTON                         | CUSIP: 904121PL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $1044741.60   | 0.68%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                   | PORT OF PORTLAND OR ARPT REVENUE                                 | CUSIP: 735240L27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027320.00   | 0.67%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 10JT Gresham-Barlow | MULTNOMAH CLACKAMAS CNTYS OR SCH DIST #10JT GRESHAM-BARLOW       | CUSIP: 625482HP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $338990.00    | 0.22%             | 2033-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                    | OREGON ST HLTH & SCIENCE UNIV REVENUE                            | CUSIP: 685869HD4<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2574339.15   | 1.68%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                       | OREGON ST                                                        | CUSIP: 68609TLP1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1935000 | PA      | $2092315.50   | 1.37%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JYJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1782760.00   | 1.16%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Linn County Community School District No 9 Lebanon/OR                 | LINN CNTY OR CMNTY SCH DIST #9 LEBANON                           | CUSIP: 535809EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4610840.00   | 3.01%             | 2030-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                     | SALEM OR HOSP FAC AUTH REVENUE                                   | CUSIP: 794458EU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $540750.60    | 0.35%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                   | PORTLAND OR REVENUE                                              | CUSIP: 736740XJ5<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1362215.40   | 0.89%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District No 116 Winston-Dillard                 | DOUGLAS CNTY OR SCH DIST #116                                    | CUSIP: 259507CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $292081.90    | 0.19%             | 2039-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                   | PORT OF PORTLAND OR ARPT REVENUE                                 | CUSIP: 735240Q71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2054040.00   | 1.34%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                   | PORT OF PORTLAND OR ARPT REVENUE                                 | CUSIP: 735240M67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1308870.20   | 0.85%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 16R Pendleton                      | UMATILLA CNTY OR SCH DIST #16 R PENDLETON                        | CUSIP: 904139BK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036540.00   | 0.68%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                       | OREGON ST                                                        | CUSIP: 68609T6C7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1634237.00   | 1.07%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 86 Canby                          | CLACKAMAS CNTY OR SCH DIST #86                                   | CUSIP: 179198JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1194406.20   | 0.78%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon              | MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE                         | CUSIP: 62551PCW5<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |    750000 | PA      | $736672.50    | 0.48%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                  | YAMHILL CNTY OR REVENUE                                          | CUSIP: 98464TBA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1014542.00   | 0.66%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Electric Utility System Revenue                     | EUGENE OR ELEC UTILITY REVENUE                                   | CUSIP: 298191Q59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2113040.00   | 1.38%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Medford OR                                                    | MEDFORD OR REVENUE                                               | CUSIP: 584288CZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $553431.15    | 0.36%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS                   | CUSIP: 179093KH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1748709.00   | 1.14%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                   | PORT OF PORTLAND OR ARPT REVENUE                                 | CUSIP: 735240L35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039350.00   | 0.68%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                 | MEDFORD OR HOSP FACS AUTH REVENUE                                | CUSIP: 584283HA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4695480.00   | 3.07%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                       | OREGON ST                                                        | CUSIP: 68609T6Y9<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1977189.70   | 1.29%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JYN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $141586.50    | 0.09%             | 2024-07-01      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                         | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                      | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300813.00    | 0.20%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                     | SALEM OR HOSP FAC AUTH REVENUE                                   | CUSIP: 794458GB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135334.80    | 0.09%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                 | MEDFORD OR HOSP FACS AUTH REVENUE                                | CUSIP: 584283GY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981710.00    | 0.64%             | 2039-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                           | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES                  | CUSIP: 934312AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1212286.50   | 0.79%             | 2027-11-01      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                    | REDMOND OR                                                       | CUSIP: 757657UH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $625570.00    | 0.41%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 7 Reynolds                        | MULTNOMAH CNTY OR SCH DIST #7 REYNOLDS                           | CUSIP: 625574PZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $182976.00    | 0.12%             | 2035-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                   | PORT OF PORTLAND OR ARPT REVENUE                                 | CUSIP: 735240L76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $415247.70    | 0.27%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metro/OR                                                              | METRO OR                                                         | CUSIP: 59163PJZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1449793.80   | 0.95%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                    | OREGON ST HLTH & SCIENCE UNIV REVENUE                            | CUSIP: 685869HF9<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1897220.00   | 1.24%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JSA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1531110.00   | 1.00%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                           | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES                  | CUSIP: 934312AN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546180.00    | 0.36%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                     | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                      | CUSIP: 179162GY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2167520.00   | 1.42%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                           | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES                  | CUSIP: 934312AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550230.00    | 0.36%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District No 116 Winston-Dillard                 | DOUGLAS CNTY OR SCH DIST #116                                    | CUSIP: 259507CB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $249281.10    | 0.16%             | 2036-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Union County Hospital Facility Authority                              | UNION CNTY OR HOSP FAC AUTH                                      | CUSIP: 906420CH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $376732.50    | 0.25%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No 2J Redmond/OR       | DESCHUTES & JEFFERSON CNTYS OR SCH DIST #2J REDMOND              | CUSIP: 250343GE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $426199.20    | 0.28%             | 2025-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                  | PUERTO RICO ELEC PWR AUTH PWR REVENUE                            | CUSIP: 74526QPS5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2107174.00   | 1.38%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                       | OREGON ST                                                        | CUSIP: 68609BX69<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1722688.20   | 1.12%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JYS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $150843.00    | 0.10%             | 2028-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JYW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $768300.00    | 0.50%             | 2041-07-01      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Oregon State Bond Bank                                                | OREGON ST BOND BANK REVENUE                                      | CUSIP: 68607KF38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $647545.50    | 0.42%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 51JT Riverdale      | MULTNOMAH-CLACKAMAS CNTYS OR RIVERDALE SCH DIST #51JT            | CUSIP: 625487EP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $797320.00    | 0.52%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 10JT Gresham-Barlow | MULTNOMAH CLACKAMAS CNTYS OR SCH DIST #10JT GRESHAM-BARLOW       | CUSIP: 625482HG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056960.00   | 0.69%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Forward                                                          | PORTLAND OR HSG AUTH REVENUE                                     | CUSIP: 736703GT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2742603.00   | 1.79%             | 2029-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Klamath County School District                                        | KLAMATH CNTY OR SCH DIST                                         | CUSIP: 498368EF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $935255.80    | 0.61%             | 2029-06-15      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| Benton & Polk School District No 17J                                  | PHILOMATH OR SCH DIST #17J BENTON & POLK CNTYS                   | CUSIP: 718781CH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $541457.00    | 0.35%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department               | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE                     | CUSIP: 686087WV5<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    920000 | PA      | $887496.40    | 0.58%             | 2033-01-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Electric Utility System Revenue                     | EUGENE OR ELEC UTILITY REVENUE                                   | CUSIP: 298191R25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1104272.00   | 0.72%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon              | MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE                         | CUSIP: 62551PDC8<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |    500000 | PA      | $425490.00    | 0.28%             | 2028-06-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                   | PORT OF PORTLAND OR ARPT REVENUE                                 | CUSIP: 735240P98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1619763.50   | 1.06%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No 2J Redmond/OR       | DESCHUTES & JEFFERSON CNTYS OR SCH DIST #2J REDMOND              | CUSIP: 250343GG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $2751836.00   | 1.80%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                     | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                      | CUSIP: 179162HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3193500.00   | 2.08%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton      | Washington & Multnomah Counties School District No 48J Beaverton | CUSIP: 9384292B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2196240.00   | 1.43%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS                   | CUSIP: 179093KL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1610040.00   | 1.05%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                           | PUERTO RICO CMWLTH                                               | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281312.50   | 0.84%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Grants Pass OR Wastewater Revenue                             | GRANTS PASS OR WSTWTR REVENUE                                    | CUSIP: 388379AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1177318.80   | 0.77%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JYU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $208925.00    | 0.14%             | 2030-07-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                       | OREGON ST                                                        | CUSIP: 68607EPR8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    505000 | PA      | $506212.00    | 0.33%             | 2026-08-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon             | TRI-CNTY OR MET TRANSPRTN DIST                                   | CUSIP: 89546RQR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1659030.00   | 1.08%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clatsop County School District No 30 Warrenton-Hammond                | CLATSOP CNTY OR SCH DIST #30 WARRENTON-HAMMOND                   | CUSIP: 182855FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1123130.00   | 0.73%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                  | UNIV OF OREGON OR GEN REVENUE                                    | CUSIP: 914767AD0<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2664750.00   | 1.74%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                     | SALEM OR HOSP FAC AUTH REVENUE                                   | CUSIP: 794458FV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5401410.00   | 3.53%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                  | YAMHILL CNTY OR REVENUE                                          | CUSIP: 98464TAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $898082.50    | 0.59%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                           | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES                  | CUSIP: 934312AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $542270.00    | 0.35%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No 24J                                   | MARION & POLK CNTYS OR SCH DIST #24J SALEM                       | CUSIP: 569203NJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2715675.00   | 1.77%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                          | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE             | CUSIP: 68607DUH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1350069.60   | 0.88%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro School District No 1J                                       | WASHINGTON MULTNOMAH & YAMHILL CNTYS OR SCH DIST #1J             | CUSIP: 939307JJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1720576.05   | 1.12%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Benton & Polk School District No 17J                                  | PHILOMATH OR SCH DIST #17J BENTON & POLK CNTYS                   | CUSIP: 718781CF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $831960.00    | 0.54%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                  | YAMHILL CNTY OR REVENUE                                          | CUSIP: 98464TAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3005000 | PA      | $2779685.10   | 1.81%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                | MULTNOMAH CNTY OR SCH DIST #40                                   | CUSIP: 625693GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1567380.80   | 1.02%             | 2024-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon              | MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE                         | CUSIP: 62551PCE5<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175710.50    | 0.11%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JYG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $324597.00    | 0.21%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro School District No 1J                                       | WASHINGTON MULTNOMAH & YAMHILL CNTYS OR SCH DIST #1J             | CUSIP: 939307JD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2179220.00   | 1.42%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                     | SALEM OR HOSP FAC AUTH REVENUE                                   | CUSIP: 794458FZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110424.60    | 0.07%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County School District No 6 Central Point                     | JACKSON CNTY OR SCH DIST #6 CENTRL POINT                         | CUSIP: 467754HT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1406536.75   | 0.92%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 10JT Gresham-Barlow | MULTNOMAH CLACKAMAS CNTYS OR SCH DIST #10JT GRESHAM-BARLOW       | CUSIP: 625482HN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $283652.00    | 0.19%             | 2032-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 15 Forest Grove                  | WASHINGTON CNTY OR SCH DIST #15 FOREST GROVE                     | CUSIP: 938361MZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1767111.50   | 1.15%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Clackamas OR                                                | CLACKAMAS CNTY OR                                                | CUSIP: 178890ME6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3340000 | PA      | $3601822.60   | 2.35%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                  | PUERTO RICO ELEC PWR AUTH PWR REVENUE                            | CUSIP: 74526QPM8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1050392.20   | 0.69%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbia County School District No 502                                | COLUMBIA CNTY OR SCH DIST #502                                   | CUSIP: 197558GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1155936.75   | 0.75%             | 2045-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                  | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                     | CUSIP: 68607VU60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1377433.60   | 0.90%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                          | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE             | CUSIP: 68607DUW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4630000 | PA      | $5121844.90   | 3.34%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clatsop County School District No 1-C                                 | CLATSOP CNTY OR SCH DIST #1                                      | CUSIP: 182810CH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1518372.60   | 0.99%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah-Clackamas Counties Centennial School District No 28JT/OR    | MULTNOMAH-CLACKAMAS CNTYS OR CENTENNIAL SCH DIST #28JT           | CUSIP: 625485DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1880005.40   | 1.23%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 16R Pendleton                      | UMATILLA CNTY OR SCH DIST #16 R PENDLETON                        | CUSIP: 904139BJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1264176.20   | 0.83%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JYH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $288510.75    | 0.19%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas & Washington Counties School District No 3                  | CLACKAMAS & WASHINGTON CNTYS OR JT SCH DIST #3 WEST LINN-WIL     | CUSIP: 178882MW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $753307.50    | 0.49%             | 2037-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                      | CUSIP: 68608JSH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519660.00    | 0.34%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metro/OR                                                              | MET OR DEDICATED TAX REVENUE                                     | CUSIP: 59165CAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $233502.90    | 0.15%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forest Grove OR                                               | FOREST GROVE OR REVENUE                                          | CUSIP: 345648EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $556735.20    | 0.36%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                     | SALEM OR HOSP FAC AUTH REVENUE                                   | CUSIP: 794458GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $619620.00    | 0.40%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer