# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001410368-26-032613
**Filing Date:** 2026-3
**Character Count:** 61818
**Document Hash:** 9a5e6f1f512d3e6d232d99813da5ef7f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-032613.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0001410368-26-032613

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20260731

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04409
- **FILM NUMBER:** 26801612

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

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

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

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

## Series and Classes Contracts Data

### Eaton Vance Arizona Municipal Income Fund (Series ID: S000004849)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000013133 | Eaton Vance Arizona Municipal Income Fund Class A | ETAZX           |
| C000013135 | Eaton Vance Arizona Municipal Income Fund Class C | ECAZX           |
| C000092720 | Eaton Vance Arizona Municipal Income Fund Class I | EIAZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Eaton Vance Municipals Trust

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

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

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

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

  - **Street Address 1:** One Post Office Square

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

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

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

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

- **b. EDGAR series identifier (if any):** S000004849

- **c. LEI of Series:** 54930057B2LJ4I6KZJ02

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $115282376.30

**Total Liabilities:** $2301733.29

**Net Assets:** $112980643.01

**Delayed Delivery Securities:** $1882850.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -217.87000000 | **1-Year:** -3216.81000000 | **5-Year:** -13615.97000000 | **10-Year:** -44017.50000000 | **30-Year:** -10237.78000000

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

- **3-Month:** -14.41000000 | **1-Year:** -661.03000000 | **5-Year:** -1837.06000000 | **10-Year:** -2105.45000000 | **30-Year:** -731.03000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013133 | 0.27%                | 0.16%                | 0.82%                |
| Class ID C000013135 | 0.21%                | 0.11%                | 0.70%                |
| Class ID C000092720 | 0.29%                | 0.18%                | 0.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2610.62                 | $16192.40                                  |
| Month 2  | $52981.14                | $-173031.74                                |
| Month 3  | $136283.63               | $469060.51                                 |

**Designated Index Information**

- **Index Name:** BB Barclays Municipal Bd

- **Index Identifier:** MBINDEX

### Schedule of Portfolio Investments

| Name                                                                   | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Samoa Economic Development Authority                          | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                  | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205501.62    | 0.18%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                          | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                  | CUSIP: 02936TAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $294256.88    | 0.26%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                               | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484NY9<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507210.20   | 1.33%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                               | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484UB1<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036503.50   | 0.92%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                               | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484WY9<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1702617.16   | 1.51%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                    | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $660000.00    | 0.58%             | 2046-01-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA ST INDL DEV AUTH REVENUE                             | CUSIP: 04052AEN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009850.10   | 0.89%             | 2031-10-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BKK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251826.18    | 0.22%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BLS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $48663.45     | 0.04%             | 2050-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BMB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1467509.11   | 1.30%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BMR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $525766.01    | 0.47%             | 2031-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BTS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $248700.55    | 0.22%             | 2060-07-01      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA INDL DEV AUTH HOSP REVENUE                           | CUSIP: 04052EAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $670000.00    | 0.59%             | 2048-02-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA INDL DEV AUTH HOSP REVENUE                           | CUSIP: 04052EAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1199456.12   | 1.06%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD | CUSIP: 04052FFD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123336.73    | 0.11%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | AZ INDL DEV AUTH SF MTGE REVENUE                             | CUSIP: 04052JDC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $816143.44    | 0.72%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                      | CUSIP: 04062AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1030950.64   | 0.91%             | 2041-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                      | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005616.20   | 0.89%             | 2045-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds - MuniCash                                   | BlackRock Liquidity Funds - MuniCash                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1235314 | NS      | $1235437.79   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Buckeye AZ Excise Tax Revenue                                  | BUCKEYE AZ EXCISE TAX REVENUE                                | CUSIP: 118087EZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $586101.30    | 0.52%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Buckeye AZ Excise Tax Revenue                                  | BUCKEYE AZ EXCISE TAX REVENUE                                | CUSIP: 118087FA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $667891.83    | 0.59%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 201 Buckeye              | BUCKEYE AZ UNIF SCH DIST #201                                | CUSIP: 118106KP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $885309.84    | 0.78%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                               | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $283650.24    | 0.25%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                               | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479203.80    | 0.42%             | 2028-07-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                               | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $505237.88    | 0.45%             | 2036-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                               | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1417363.60   | 1.25%             | 2046-07-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                               | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $844484.88    | 0.75%             | 2040-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Central Arizona Water Conservation District                            | CENTRL ARIZONA ST WTR CONSV DIST WTR DELIVERY O&M REVENUE CE | CUSIP: 15240AAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504011.90   | 1.33%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chandler AZ                                                    | CHANDLER AZ                                                  | CUSIP: 158843A28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516570.35   | 1.34%             | 2043-07-01      | Fixed         | 4.00%                 | 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        |   2500000 | PA      | $2551644.25   | 2.26%             | 2052-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Coconino County Unified School District No 1-Flagstaff/AZ              | COCONINO CNTY AZ UNIF SCH DIST #1 FLAGSTAFF                  | CUSIP: 191810LE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $272559.93    | 0.24%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Cottonwood AZ Pledged Revenue                                  | COTTONWOOD AZ PLEDGED REVENUE                                | CUSIP: 221821BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $714366.61    | 0.63%             | 2035-07-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Festival Ranch Community Facilities District                           | FESTIVAL RANCH AZ CMNTY FACS DIST                            | CUSIP: 315598KE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997369.20    | 0.88%             | 2045-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Gilbert Water Resource Municipal Property Corp                         | GILBERT AZ WTR RESOURCE MUNI PROPERTY CORP UTILITY SYS REVEN | CUSIP: 37530ACH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990905.60    | 0.88%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ                                                    | GLENDALE AZ                                                  | CUSIP: 378280YE5<br>LEI: 5493002BC35ZY7XRQ949 | Long             | DBT              | MUN               | US        |    380000 | PA      | $410638.34    | 0.36%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ                                                    | GLENDALE AZ                                                  | CUSIP: 378280YU9<br>LEI: 5493002BC35ZY7XRQ949 | Long             | DBT              | MUN               | US        |    175000 | PA      | $197741.92    | 0.18%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ                                                    | GLENDALE AZ                                                  | CUSIP: 378280ZG9<br>LEI: 5493002BC35ZY7XRQ949 | Long             | DBT              | MUN               | US        |    610000 | PA      | $712903.95    | 0.63%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ                                                    | GLENDALE AZ                                                  | CUSIP: 378280ZK0<br>LEI: 5493002BC35ZY7XRQ949 | Long             | DBT              | MUN               | US        |    585000 | PA      | $666439.72    | 0.59%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                              | GLENDALE AZ INDL DEV AUTH                                    | CUSIP: 378286JQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150446.73    | 0.13%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                              | GLENDALE AZ INDL DEV AUTH                                    | CUSIP: 378286KU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $217088.05    | 0.19%             | 2033-07-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                              | GLENDALE AZ INDL DEV AUTH SENIOR LIVING FACS REVENUE         | CUSIP: 378287AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $595944.12    | 0.53%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale Union High School District No 205                             | GLENDALE AZ UNION SCH DIST #205                              | CUSIP: 378334QT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1194893.59   | 1.06%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Goodyear AZ Water & Sewer Revenue                              | GOODYEAR AZ WTR & SWR REVENUE                                | CUSIP: 382900GE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1033799.50   | 0.92%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                         | LA PAZ CNTY AZ INDL DEV AUTH EDU FAC LEASE REVENUE           | CUSIP: 50376FBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $799007.25    | 0.71%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lake Havasu City AZ Wastewater System Revenue                  | LAKE HAVASU CITY AZ WSTWTR SYS REVENUE                       | CUSIP: 50989RAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1374226.96   | 1.22%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lake Havasu City AZ Wastewater System Revenue                  | LAKE HAVASU CITY AZ WSTWTR SYS REVENUE                       | CUSIP: 50989RAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $689821.24    | 0.61%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Marana AZ Pledged Excise Revenue                               | MARANA AZ PLEDGED EXCISE TAX REVENUE                         | CUSIP: 56574CCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994229.90    | 0.88%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Maricopa AZ Pledged Revenue                                    | MARICOPA AZ PLEDGED REVENUE OBLIGS                           | CUSIP: 566732AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $671740.14    | 0.59%             | 2042-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County & Phoenix Industrial Development Authorities           | MARICOPA CNTY & PHOENIX AZ INDL DEV AUTHORITIES MTGE REVENUE | CUSIP: 566736FK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $959779.68    | 0.85%             | 2044-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Maricopa County & Phoenix Industrial Development Authorities           | MARICOPA CNTY & PHOENIX AZ INDL DEV AUTHORITIES MTGE REVENUE | CUSIP: 566736GN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $966899.78    | 0.86%             | 2044-09-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Maricopa County & Phoenix Industrial Development Authorities           | MARICOPA CNTY & PHOENIX AZ INDL DEV AUTHORITIES MTGE REVENUE | CUSIP: 566736GQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175622.07    | 0.16%             | 2054-09-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Maricopa County & Phoenix Industrial Development Authorities           | MARICOPA CNTY & PHOENIX AZ INDL DEV AUTHORITIES MTGE REVENUE | CUSIP: 566736HP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $433031.09    | 0.38%             | 2036-09-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 8 Osborn                 | MARICOPA CNTY AZ ELEM SCH DIST #8 OSBORN                     | CUSIP: 56674MEP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $936718.36    | 0.83%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 8 Osborn                 | MARICOPA CNTY AZ ELEM SCH DIST #8 OSBORN                     | CUSIP: 56674MER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1343871.13   | 1.19%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                       | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                  | CUSIP: 56678PAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $423417.40    | 0.37%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                       | MARICOPA CNTY INDL DEV AUTH EXEMPT FACS REVENUE              | CUSIP: 56678TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $851776.10    | 0.75%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                       | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NGS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $457723.10    | 0.41%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                       | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NJA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $439046.96    | 0.39%             | 2044-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                       | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533231.25    | 0.47%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                       | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $435804.97    | 0.39%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                       | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HCX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2090083.89   | 1.85%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                       | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HDC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 1.24%             | 2061-01-01      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| Maricopa County Pollution Control Corp                                 | MARICOPA CNTY AZ POLL CONTROLCORP POLL CONTROL REVENUE       | CUSIP: 566854EA9<br>LEI: 549300QPXP6T4Y6I1D83 | Long             | DBT              | MUN               | US        |    850000 | PA      | $850076.16    | 0.75%             | 2042-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 1-Phoenix Elementary     | MARICOPA CNTY AZ ELEM SCH DIST #1 PHOENIX ELEM               | CUSIP: 566865LT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1230671.61   | 1.09%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 1-Phoenix Elementary     | MARICOPA CNTY AZ ELEM SCH DIST #1 PHOENIX ELEM               | CUSIP: 566865LU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $323714.82    | 0.29%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 6 Washington             | MARICOPA CNTY AZ SCH DIST #6 WASHINGTON ELEM                 | CUSIP: 567031VG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $654856.30    | 0.58%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 6 Washington             | MARICOPA CNTY AZ SCH DIST #6 WASHINGTON ELEM                 | CUSIP: 567031VL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $554400.85    | 0.49%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District No 7-Wilson Elementary                 | MARICOPA CNTY AZ SCH DIST #7 WILSON ELEM                     | CUSIP: 567048HG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $401130.70    | 0.36%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District No 7-Wilson Elementary                 | MARICOPA CNTY AZ SCH DIST #7 WILSON ELEM                     | CUSIP: 567048HH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $227834.70    | 0.20%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District No 7-Wilson Elementary                 | MARICOPA CNTY AZ SCH DIST #7 WILSON ELEM                     | CUSIP: 567048HJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $225767.36    | 0.20%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 25-Liberty               | MARICOPA CNTY AZ ELEM SCH DIST #25 LIBERTY                   | CUSIP: 567134HR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $338214.70    | 0.30%             | 2042-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 33 Buckeye               | MARICOPA CNTY AZ ELEM SCH DIST #33 BUCKEYE                   | CUSIP: 567167MM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $374602.36    | 0.33%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 59 Laveen                | MARICOPA CNTY AZ ELEM SCH DIST #59 LAVEEN                    | CUSIP: 567303JL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $390925.19    | 0.35%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 59 Laveen                | MARICOPA CNTY AZ ELEM SCH DIST #59 LAVEEN                    | CUSIP: 567303JN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $326544.78    | 0.29%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District No 66 Roosevelt Elementary             | MARICOPA CNTY AZ ELEM SCH DIST #66 ROOSEVELT ELEM            | CUSIP: 567337VL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081101.80   | 0.96%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 69 Paradise Valley          | MARICOPA CNTY AZ UNIF SCH DIST #69 PARADISE VLY              | CUSIP: 567373R64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $380129.66    | 0.34%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 69 Paradise Valley          | MARICOPA CNTY AZ UNIF SCH DIST #69 PARADISE VLY              | CUSIP: 567373T70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2185850.80   | 1.93%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 69 Paradise Valley          | MARICOPA CNTY AZ UNIF SCH DIST #69 PARADISE VLY              | CUSIP: 567373W68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130420.10   | 1.00%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 79-Litchfield Elementary | MARICOPA CNTY AZ ELEM SCH DIST #79 LITCHFIELD ELEM           | CUSIP: 567385KE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $421213.95    | 0.37%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 79-Litchfield Elementary | MARICOPA CNTY AZ ELEM SCH DIST #79 LITCHFIELD ELEM           | CUSIP: 567385KJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538333.45    | 0.48%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 80 Chandler                 | MARICOPA CNTY AZ UNIF SCH DIST #80 CHANDLER                  | CUSIP: 567389YH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $770326.50    | 0.68%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District No 83-Cartwright Elementary            | MARICOPA CNTY AZ SCH DIST #83CARTWRIGHT ELEM                 | CUSIP: 567405JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1477579.07   | 1.31%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 60 Higley                   | MARICOPA CNTY AZ UNIF SCH DIST #60 COPS HIGLEY               | CUSIP: 56756QBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504726.95    | 0.45%             | 2042-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 60 Higley                   | MARICOPA CNTY AZ UNIF SCH DIST #60 COPS HIGLEY               | CUSIP: 56756QBG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $149187.59    | 0.13%             | 2047-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                 | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 590545TY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1475555.93   | 1.31%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Navajo County Unified School District No 27 Kayenta                    | NAVAJO CNTY AZ UNIF SCH DIST #27 KAYENTA IMPACT AID REV      | CUSIP: 639147AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2642490.76   | 2.34%             | 2040-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Northern Arizona University                                            | NTHRN AZ UNIV                                                | CUSIP: 6647544N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004343.40   | 0.89%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                 | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MPV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505869.65   | 1.33%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                 | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MPW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002611.80   | 0.89%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                 | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MPZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1055164.50   | 0.93%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                 | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PJT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $861926.74    | 0.76%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                 | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PMH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $898837.52    | 0.80%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                 | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PMN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1937509.56   | 1.71%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                 | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AE54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $708301.02    | 0.63%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The    | PHOENIX AZ INDL DEV AUTH HLTHCARE FACS REVENUE               | CUSIP: 71884SAC4<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 3.54%             | 2052-11-15      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The    | PHOENIX AZ INDL DEV AUTH HLTHCARE FACS REVENUE               | CUSIP: 71884SAG5<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $839041.50    | 0.74%             | 2057-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                 | PHOENIX AZ CIVIC IMPT CORP DISTRIBUTION REVENUE              | CUSIP: 71884WBF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $2012854.88   | 1.78%             | 2041-07-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The    | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                 | CUSIP: 71885DCS9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    415000 | PA      | $423692.09    | 0.38%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The    | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                 | CUSIP: 71885DDC3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508319.15    | 0.45%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The    | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                 | CUSIP: 71885DED0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508442.05    | 0.45%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The    | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                 | CUSIP: 71885DEE8<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250150.95    | 0.22%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The    | PHOENIX AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 71885FFG7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    500000 | PA      | $476148.45    | 0.42%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima County Unified School District No 6 Marana/AZ                     | PIMA CNTY AZ UNIF SCH DIST #6MARANA                          | CUSIP: 721812RX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $815947.50    | 0.72%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima County Unified School District No 6 Marana/AZ                     | PIMA CNTY AZ UNIF SCH DIST #6MARANA                          | CUSIP: 721812RY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $780160.68    | 0.69%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima County Unified School District No 6 Marana/AZ                     | PIMA CNTY AZ UNIF SCH DIST #6MARANA                          | CUSIP: 721812SM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $822909.89    | 0.73%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The             | PIMA CNTY AZ INDL DEV AUTH SFMTGE                            | CUSIP: 721905SS7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    370000 | PA      | $372086.02    | 0.33%             | 2044-07-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The             | PIMA CNTY AZ INDL DEV AUTH SFMTGE                            | CUSIP: 721905ST5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    470000 | PA      | $468375.77    | 0.41%             | 2049-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                     | PINAL CNTY AZ REVENUE OBLGS                                  | CUSIP: 72205RHU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $759253.50    | 0.67%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                     | PINAL CNTY AZ REVENUE OBLGS                                  | CUSIP: 72205RHW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $714085.38    | 0.63%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                     | PINAL CNTY AZ REVENUE OBLGS                                  | CUSIP: 72205RJR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $420660.68    | 0.37%             | 2034-08-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                            | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062816.70   | 0.94%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                            | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    750000 | PA      | $549795.15    | 0.49%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                   | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526Q2M3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    485000 | PA      | $492079.69    | 0.44%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                 | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980425.30    | 0.87%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Queen Creek AZ                                                 | QUEEN CREEK AZ COPS                                          | CUSIP: 74823NAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $432740.20    | 0.38%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Queen Creek AZ                                                 | QUEEN CREEK AZ COPS                                          | CUSIP: 74823NAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $490824.91    | 0.43%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Queen Creek AZ Excise Tax Revenue                              | QUEEN CREEK AZ EXCISE TAX & ST SHARED REVENUE                | CUSIP: 74823YEK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1015917.76   | 0.90%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Queen Creek AZ Excise Tax Revenue                              | QUEEN CREEK AZ EXCISE TAX & ST SHARED REVENUE                | CUSIP: 74823YHC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045441.60   | 0.93%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District           | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CFR9<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1810562.64   | 1.60%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                              | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE              | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1488177.39   | 1.32%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                          | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $940801.00    | 0.83%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                 | TEMPE AZ INDL DEV AUTH REVENUE                               | CUSIP: 87972MAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $680858.28    | 0.60%             | 2037-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                 | TEMPE AZ INDL DEV AUTH REVENUE                               | CUSIP: 87972MBN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $387588.68    | 0.34%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                 | TEMPE AZ INDL DEV AUTH REVENUE                               | CUSIP: 87972MBP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512139.95    | 0.45%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Tucson AZ Water System Revenue                                 | TUCSON AZ WTR REVENUE                                        | CUSIP: 898797JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1668293.40   | 1.48%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                 | U.S. Treasury Bills                                          | CUSIP: 912797RL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2000000 | PA      | $1999402.16   | 1.77%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                 | U.S. Treasury Bills                                          | CUSIP: 912797SR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1000000 | PA      | $998495.83    | 0.88%             | 2026-02-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp                    | VIRGIN ISLANDS TRANSPRTN & INFRASTRUCTURE CORP GRANT ANTIC   | CUSIP: 927686AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089795.90   | 0.96%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Yavapai/The          | YAVAPAI CNTY AZ INDL DEV AUTH SOL WST DISP REVENUE           | CUSIP: 98521UAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042021.20   | 1.81%             | 2028-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Yavapai/The          | YAVAPAI CNTY AZ INDL DEV AUTH SOL WST DISP REVENUE           | CUSIP: 98521UAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425000.00    | 0.38%             | 2029-04-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                                  | YUMA AZ INDL DEV AUTH HOSP REVENUE                           | CUSIP: 988514CX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084514.50   | 0.96%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                                  | YUMA AZ INDL DEV AUTH HOSP REVENUE                           | CUSIP: 988514DB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $386648.13    | 0.34%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Yuma AZ                                                        | YUMA AZ PLEDGED REVENUE                                      | CUSIP: 98851WBP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $621393.69    | 0.55%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-19

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer