# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-25-180809
**Filing Date:** 2025-7
**Character Count:** 92987
**Document Hash:** 6bf0e0d686b3ab70c1de2e6418ff2615
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180809.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180809

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250831

**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:** 251155326

**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 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

May 31, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 95.1%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 8.3% | Education — 8.3% | Education — 8.3% |
| Oregon Facilities Authority, (University of Portland), 5.00%, 4/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$500249 |
| Oregon State University: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/44 | 1985 | &nbsp;&nbsp;&nbsp;&nbsp; 1833351 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/45 | 2670 | &nbsp;&nbsp;&nbsp;&nbsp; 2805476 |
| University of Oregon: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/48 | 5320 | &nbsp;&nbsp;&nbsp;&nbsp; 5385811 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/50 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2554939 |
| Yamhill County, OR, (George Fox University): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp; 883492 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/41 | 3005 | &nbsp;&nbsp;&nbsp;&nbsp; 2788523 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/51 | 1275 | &nbsp;&nbsp;&nbsp;&nbsp; 1104780 |
|  |  | &nbsp;&nbsp;**$17856621** |
| Electric Utilities — 1.2% | Electric Utilities — 1.2% | Electric Utilities — 1.2% |
| Eugene, OR, Electric Utility System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | $1040 | &nbsp;&nbsp;$1053913 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/49 | 1375 | &nbsp;&nbsp;&nbsp;&nbsp; 1406860 |
|  |  | &nbsp;&nbsp;**$2460773** |
| General Obligations — 44.7% | General Obligations — 44.7% | General Obligations — 44.7% |
| Beaverton School District No. 48J, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/48 | $2500 | &nbsp;&nbsp;$2581422 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/52 | 1770 | &nbsp;&nbsp;&nbsp;&nbsp; 1802614 |
| Bend, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;930 | &nbsp;&nbsp;&nbsp;&nbsp; 1029250 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/43 | 1580 | &nbsp;&nbsp;&nbsp;&nbsp; 1664990 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/50 | 1425 | &nbsp;&nbsp;&nbsp;&nbsp; 1474904 |
| Benton County, OR, 5.00%, 6/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;970 | &nbsp;&nbsp;&nbsp;&nbsp; 998911 |
| Canby School District No. 86, OR, 4.00%, 6/15/38 | 1170 | &nbsp;&nbsp;&nbsp;&nbsp; 1150509 |
| Cannon Beach, OR, 5.00%, 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp; 485874 |
| Centennial School District No. 28Jt, OR, 4.00%, 6/15/39 | 1855 | &nbsp;&nbsp;&nbsp;&nbsp; 1812876 |
| 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; 415760 |
| Clackamas Community College District, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/39 | 1245 | &nbsp;&nbsp;&nbsp;&nbsp; 1270314 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/40 | 1585 | &nbsp;&nbsp;&nbsp;&nbsp; 1614429 |
| Clackamas County School District No. 7J Lake Oswego, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp; 136609 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 276323 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 282189 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;595 | &nbsp;&nbsp;&nbsp;&nbsp; 662595 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Creswell School District No. 40, OR, Lane County: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/38 | $1000 | &nbsp;&nbsp;$543491 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 400903 |
| David Douglas School District No. 40, OR, Multnomah County, 5.50%, 6/15/53 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1193841 |
| Deschutes Public Library District, OR, 3.00%, 6/1/40 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1222542 |
| Forest Grove School District No. 15, OR, Washington County: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/26 | 1865 | &nbsp;&nbsp;&nbsp;&nbsp; 1802373 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/41<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 397095 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/42<sup>(1)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1048851 |
| Hermiston School District No. 8R, OR, 0.00%, 6/15/43 | 2560 | &nbsp;&nbsp;&nbsp;&nbsp; 1010026 |
| Hillsboro School District No. 1J, OR, Washington, Multnomah and Yamhill Counties, 5.00%, 6/15/37 | 1605 | &nbsp;&nbsp;&nbsp;&nbsp; 1643002 |
| Lake Oswego, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/46 | 1190 | &nbsp;&nbsp;&nbsp;&nbsp; 1242579 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/49 | 2365 | &nbsp;&nbsp;&nbsp;&nbsp; 2454317 |
| Marion County School District No. 1 Gervais, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 6/15/44 | 3515 | &nbsp;&nbsp;&nbsp;&nbsp; 3738365 |
| &nbsp;&nbsp;&nbsp;5.25%, 6/15/49 | 1925 | &nbsp;&nbsp;&nbsp;&nbsp; 2026045 |
| Metro, OR, 5.00%, 6/1/41 | 3255 | &nbsp;&nbsp;&nbsp;&nbsp; 3492854 |
| Molalla River School District No. 35, OR, Clackamas County: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp; 310756 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp; 350911 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/43 | 1155 | &nbsp;&nbsp;&nbsp;&nbsp; 1212912 |
| Multnomah and Clackamas Counties School District No. 10JT Gresham-Barlow, OR, 5.00%, 6/15/37 | 1340 | &nbsp;&nbsp;&nbsp;&nbsp; 1361211 |
| North Clackamas School District No. 12, OR, Clackamas County, 5.00%, 6/15/39 | 1620 | &nbsp;&nbsp;&nbsp;&nbsp; 1658520 |
| Oregon: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 814628 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 1615 | &nbsp;&nbsp;&nbsp;&nbsp; 1642950 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/44 | 6995 | &nbsp;&nbsp;&nbsp;&nbsp; 7130313 |
| &nbsp;&nbsp;&nbsp;5.25%, 5/1/44 | 1775 | &nbsp;&nbsp;&nbsp;&nbsp; 1903917 |
| Oregon City School District No. 62: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp; 673761 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;925 | &nbsp;&nbsp;&nbsp;&nbsp; 988863 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/46 | 1880 | &nbsp;&nbsp;&nbsp;&nbsp; 1947525 |
| Oregon City School District No. 62, Clackamas County, 5.00%, 6/15/49 | 6500 | &nbsp;&nbsp;&nbsp;&nbsp; 6546070 |
| Oregon Coast Community College District: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/38 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 536814 |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/39 | &nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp; 586214 |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 423253 |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp; 442998 |

---

------

Eaton Vance<br>

Oregon Municipal Income Fund

May 31, 2025

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 Coast Community College District: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/43 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$518489 |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp; 748178 |
| Oregon Elderly and Disabled Housing, 5.65%, 8/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp; 240458 |
| Philomath School District No. 17J, OR, Benton and Polk Counties: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 899664 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 580903 |
| Portland, OR, 5.00%, 4/1/41 | 1220 | &nbsp;&nbsp;&nbsp;&nbsp; 1290406 |
| Portland, OR, (Transportation Project), 2.00%, 10/1/36 | 1265 | &nbsp;&nbsp;&nbsp;&nbsp; 967654 |
| Puerto Rico: |  |  |
| &nbsp;&nbsp;&nbsp;5.625%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 524128 |
| &nbsp;&nbsp;&nbsp;5.75%, 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 802978 |
| Redmond Area Park and Recreation District, OR, 5.00%, 6/15/43 | 1160 | &nbsp;&nbsp;&nbsp;&nbsp; 1208502 |
| Redmond School District No. 2J, OR, Deschutes and Jefferson Counties, 0.00%, 6/15/27 | 3175 | &nbsp;&nbsp;&nbsp;&nbsp; 2967328 |
| Redmond, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;&nbsp; 605489 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1030255 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp; 129989 |
| Riverdale School District No. 51J, OR, Multnomah and Clackamas Counties: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 872596 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/30 | 1215 | &nbsp;&nbsp;&nbsp;&nbsp; 1019314 |
| Sandy, OR: |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 4/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp; 420390 |
| &nbsp;&nbsp;&nbsp;4.75%, 4/1/48 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1002970 |
| &nbsp;&nbsp;&nbsp;4.75%, 4/1/50 | 1745 | &nbsp;&nbsp;&nbsp;&nbsp; 1742395 |
| St. Helens School District No. 502, OR, 5.00%, 6/15/45 | 4950 | &nbsp;&nbsp;&nbsp;&nbsp; 5063417 |
| Tillamook County, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/38 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1227218 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/39 | &nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp; 923585 |
| Washington County School District No. 13 Banks, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/44 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 1141654 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/51 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 1250058 |
| Winston-Dillard School District No. 116, OR, 0.00%, 6/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp; 288504 |
|  |  | &nbsp;&nbsp;**$95873991** |
| Hospital — 10.3% | Hospital — 10.3% | Hospital — 10.3% |
| Astoria Hospital Facilities Authority, OR, (Columbia Memorial Hospital), 5.25%, 8/1/49 | $3395 | &nbsp;&nbsp;$3440687 |
| Medford Hospital Facilities Authority, OR, (Asante Health System), 5.00%, 8/15/45 | 4515 | &nbsp;&nbsp;&nbsp;&nbsp; 4494055 |

---

---

| | | |
|:---|:---|:---|
| **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;$1506226 |
| Oregon Facilities Authority, (Samaritan Health Services): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 309580 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/40 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1759945 |
| Oregon Health and Science University: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 7/1/40 | 1520 | &nbsp;&nbsp;&nbsp;&nbsp; 1470654 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 7/1/41 | 2605 | &nbsp;&nbsp;&nbsp;&nbsp; 2503579 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 7/1/44 | 2100 | &nbsp;&nbsp;&nbsp;&nbsp; 1935808 |
| Oregon State Facilities Authority, (Legacy Health), 5.00%, 6/1/46 | 1625 | &nbsp;&nbsp;&nbsp;&nbsp; 1593928 |
| Salem Hospital Facility Authority, OR, (Salem Health), 5.00%, 5/15/44 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2997480 |
|  |  | &nbsp;&nbsp;**$22011942** |
| Housing — 3.1% | Housing — 3.1% | Housing — 3.1% |
| Oregon Housing and Community Services Department: |  |  |
| &nbsp;&nbsp;&nbsp;4.60%, 7/1/43 | $1950 | &nbsp;&nbsp;$1901204 |
| &nbsp;&nbsp;&nbsp;4.75%, 1/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp; 953947 |
| &nbsp;&nbsp;&nbsp;(AMT), 3.45%, 1/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp; 848986 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.15%, 7/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp; 881069 |
| Oregon Housing and Community Services Department, (Redmond Landing Apartment), (FNMA), 4.33%, 11/1/43 | 2175 | &nbsp;&nbsp;&nbsp;&nbsp; 2039028 |
|  |  | &nbsp;&nbsp;**$6624234** |
| Industrial Development Revenue — 1.4% | Industrial Development Revenue — 1.4% | Industrial Development Revenue — 1.4% |
| Oregon Business Development Commission, (Intel Corp.), 3.80% to 6/15/28 (Put Date), 12/1/40 | $3000 | &nbsp;&nbsp;$3019805 |
|  |  | &nbsp;&nbsp;**$3019805** |
| Insured - Electric Utilities — 1.5% | Insured - Electric Utilities — 1.5% | Insured - Electric Utilities — 1.5% |
| Puerto Rico Electric Power Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/29 | $1045 | &nbsp;&nbsp;$1044143 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/34 | 2120 | &nbsp;&nbsp;&nbsp;&nbsp; 2061774 |
|  |  | &nbsp;&nbsp;**$3105917** |
| Insured - General Obligations — 2.8% | Insured - General Obligations — 2.8% | Insured - General Obligations — 2.8% |
| Hermiston, OR, (AGM), 4.00%, 12/1/44 | $&nbsp;&nbsp;&nbsp;&nbsp;470 | &nbsp;&nbsp;$430872 |
| Lebanon Community School District No. 9, OR, Linn County, (NPFG), 5.50%, 6/15/30 | 3310 | &nbsp;&nbsp;&nbsp;&nbsp; 3602552 |
| Newport, OR: |  |  |
| &nbsp;&nbsp;&nbsp;(AGC), 0.00%, 6/1/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 904676 |
| &nbsp;&nbsp;&nbsp;(AGC), 0.00%, 6/1/29 | 1225 | &nbsp;&nbsp;&nbsp;&nbsp; 1067085 |
|  |  | &nbsp;&nbsp;**$6005185** |

---

------

Eaton Vance<br>

Oregon Municipal Income Fund

May 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation — 1.0% | Lease Revenue/Certificates of Participation — 1.0% | Lease Revenue/Certificates of Participation — 1.0% |
| Portland Housing Authority, OR, (Pearl Court LP), 4.625%, 1/1/27 | $&nbsp;&nbsp;&nbsp;&nbsp;545 | &nbsp;&nbsp;$564581 |
| Portland Housing Authority, OR, (Yards Union Station Project), 4.85%, 5/1/29 | 1680 | &nbsp;&nbsp;&nbsp;&nbsp; 1681289 |
|  |  | &nbsp;&nbsp;**$2245870** |
| Senior Living/Life Care — 2.2% | Senior Living/Life Care — 2.2% | Senior Living/Life Care — 2.2% |
| Clackamas County Hospital Facility Authority, OR, (Rose Villa), 5.375%, 11/15/55 | $&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;$91647 |
| Multnomah County Hospital Facilities Authority, OR, (Terwilliger Plaza): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/36 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2718597 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 737927 |
| Salem Hospital Facility Authority, OR, (Capital Manor): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 5/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 663592 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp; 548385 |
|  |  | &nbsp;&nbsp;**$4760148** |
| Special Tax Revenue — 3.8% | Special Tax Revenue — 3.8% | Special Tax Revenue — 3.8% |
| American Samoa Economic Development Authority, 5.00%, 9/1/38<sup>(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;$195945 |
| Oregon Department of Transportation, (Highway User Tax), 5.00%, 11/15/40 | 4630 | &nbsp;&nbsp;&nbsp;&nbsp; 4846686 |
| Oregon State Lottery, 5.25%, 4/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1072116 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 2100 | &nbsp;&nbsp;&nbsp;&nbsp; 1973067 |
|  |  | &nbsp;&nbsp;**$8087814** |
| Transportation — 3.8% | Transportation — 3.8% | Transportation — 3.8% |
| Port of Portland, OR, (Portland International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/34 | $1525 | &nbsp;&nbsp;$1578991 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/36 | 1165 | &nbsp;&nbsp;&nbsp;&nbsp; 1170145 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;915 | &nbsp;&nbsp;&nbsp;&nbsp; 900571 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AMT), 5.25%, 7/1/41 | 2325 | &nbsp;&nbsp;&nbsp;&nbsp; 2411386 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AMT), 5.25%, 7/1/43 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2056110 |
|  |  | &nbsp;&nbsp;**$8117203** |
| Water and Sewer — 11.0% | Water and Sewer — 11.0% | Water and Sewer — 11.0% |
| Beaverton, OR, Water Revenue, 5.00%, 4/1/38 | $&nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;$367026 |
| Medford Water Commission, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/15/49 | 3025 | &nbsp;&nbsp;&nbsp;&nbsp; 3135768 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/15/54 | 2550 | &nbsp;&nbsp;&nbsp;&nbsp; 2630489 |
| Portland, OR, Sewer System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/38 | 2350 | &nbsp;&nbsp;&nbsp;&nbsp; 2565079 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp; 595851 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/43 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1185356 |

---

---

| | | |
|:---|:---|:---|
| **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, Sewer System Revenue: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/44 | $1450 | &nbsp;&nbsp;$1519895 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/47 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp; 3591897 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/54 | 1625 | &nbsp;&nbsp;&nbsp;&nbsp; 1658797 |
| Portland, OR, Water System Revenue, 5.00%, 5/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1018379 |
| Rockwood Water People's Utility District, OR: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 221144 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp; 253465 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp; 267607 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp; 349037 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/43 | &nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp; 306120 |
| Tualatin Valley Water District, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/47 | 1595 | &nbsp;&nbsp;&nbsp;&nbsp; 1639632 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;995 | &nbsp;&nbsp;&nbsp;&nbsp; 1019549 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/53 | 1230 | &nbsp;&nbsp;&nbsp;&nbsp; 1251047 |
|  |  | &nbsp;&nbsp;**$23576138** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $207,005,427) |  | &nbsp;&nbsp;**$203745641** |

---

Taxable Municipal Obligations — 3.6%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Electric Utilities — 1.6% | Electric Utilities — 1.6% | Electric Utilities — 1.6% |
| Confederated Tribes of Warm Springs Reservation, OR, (Pelton-Round Butte Hydroelectric Project): |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 2.165%, 11/1/26<sup>(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$288586 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 2.37%, 11/1/27<sup>(2)</sup> | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1271050 |
| Morrow, OR, (Bonneville Corp.): |  |  |
| &nbsp;&nbsp;&nbsp;2.543%, 9/1/40 | 1550 | &nbsp;&nbsp;&nbsp;&nbsp; 1141946 |
| &nbsp;&nbsp;&nbsp;2.987%, 9/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 837646 |
|  |  | &nbsp;&nbsp;**$3539228** |
| General Obligations — 1.0% | General Obligations — 1.0% | General Obligations — 1.0% |
| Portland, OR, (Veterans Memorial Coliseum), 4.34%, 6/1/29 | $2065 | &nbsp;&nbsp;$2079960 |
|  |  | &nbsp;&nbsp;**$2079960** |
| Insured - Housing — 0.6% | Insured - Housing — 0.6% | Insured - Housing — 0.6% |
| Oregon Facilities Authority, (CHF-Ashland, LLC - Southern Oregon University): |  |  |
| &nbsp;&nbsp;&nbsp;(AGM), 1.659%, 7/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;$168797 |
| &nbsp;&nbsp;&nbsp;(AGM), 2.255%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp; 161339 |

---

------

Eaton Vance<br>

Oregon Municipal Income Fund

May 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Housing (continued) | Insured - Housing (continued) | Insured - Housing (continued) |
| Oregon Facilities Authority, (CHF-Ashland, LLC - Southern Oregon University): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;(AGM), 2.579%, 7/1/30 | $&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$220994 |
| &nbsp;&nbsp;&nbsp;(AGM), 3.508%, 7/1/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 763860 |
|  |  | &nbsp;&nbsp;**$1314990** |
| Insured - Special Tax Revenue — 0.4% | Insured - Special Tax Revenue — 0.4% | Insured - Special Tax Revenue — 0.4% |
| Hillsboro Economic Development Council, OR, (AGM), 5.941%, 6/1/43 | $&nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;$913453 |
|  |  | &nbsp;&nbsp;**$913453** |
| Total Taxable Municipal Obligations<br> (identified cost $8,207,841) |  | &nbsp;&nbsp;**$7847631** |
| Total Investments — 98.7%<br> (identified cost $215,213,268) |  | &nbsp;&nbsp;**$211593272** |
| Other Assets, Less Liabilities — 1.3% |  | &nbsp;&nbsp;**$2717034** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$214310306** |

---

---

| | |
|:---|:---|
| 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> | When-issued security. |
| <sup>(2)</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 May 31, 2025, the aggregate value of these securities is $1,755,581 or 0.8% of the Fund's net assets. |

---

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 May 31, 2025, 5.4% 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 3.2% 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. |
| FNMA | – Federal National Mortgage Association |
| NPFG | – National Public Finance Guarantee Corp. |

---

The Fund did not have any open derivative instruments at May 31, 2025.

Fair Value Measurements

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

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

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

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

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

------

Eaton Vance<br>

Oregon Municipal Income Fund

May 31, 2025

Portfolio of Investments (Unaudited) — continued

------

At May 31, 2025, the hierarchy of inputs used in valuing the Fund's investments, which are carried at fair value, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$203745641 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$203745641 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7847631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7847631 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$211593272** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$211593272** |

---

For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

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

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

- **a. Name of Series:** Eaton Vance 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:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $214942830.20

**Total Liabilities:** $2299071.28

**Net Assets:** $212643758.92

**Delayed Delivery Securities:** $1451603.75

**Cash Not Reported:** $420978.45

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -200.76000000 | **1-Year:** -8323.18000000 | **5-Year:** -32310.41000000 | **10-Year:** -89517.88000000 | **30-Year:** -25418.46000000

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

- **3-Month:** -10.44000000 | **1-Year:** -489.41000000 | **5-Year:** -2368.87000000 | **10-Year:** -2945.76000000 | **30-Year:** -666.49000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092722 | -1.46%               | -0.46%               | -0.34%               |
| Class ID C000013144 | -1.50%               | -0.47%               | -0.48%               |
| Class ID C000013142 | -1.35%               | -0.48%               | -0.35%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-102329.02              | $-3620548.61                               |
| Month 2  | $-155926.15              | $-1568703.24                               |
| Month 3  | $-207602.39              | $-1049083.66                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Puerto Rico Electric Power Authority                                  | PUERTO RICO ELEC PWR AUTH PWRREVENUE                       | CUSIP: 74526Q2V3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2061773.99   | 0.97%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                               | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $748177.60    | 0.35%             | 2044-06-15      | None          | 0.00%                 | 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      | $415759.50    | 0.20%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                         | WASHINGTON CNTY OR SCH DIST #13 BANKS                      | CUSIP: 938350FS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1250058.00   | 0.59%             | 2051-06-15      | 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      | $1270313.59   | 0.60%             | 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        |   3000000 | PA      | $2718597.00   | 1.28%             | 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      | $1470654.11   | 0.69%             | 2040-07-01      | Fixed         | 4.00%                 | 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      | $1614428.70   | 0.76%             | 2040-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                           | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $349036.70    | 0.16%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Beaverton OR Water Revenue                                    | BEAVERTON OR WTR REVENUE                                   | CUSIP: 07556MFX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $367026.31    | 0.17%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                       | OREGON ST                                                  | CUSIP: 68609UTG0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    750000 | PA      | $814628.48    | 0.38%             | 2032-05-15      | 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      | $288586.50    | 0.14%             | 2026-11-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 15 Forest Grove                  | WASHINGTON CNTY OR SCH DIST #15 FOREST GROVE               | CUSIP: 938361QJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048851.50   | 0.49%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                     | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $988862.93    | 0.47%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marion County School District No 1 Gervais/OR                         | MARION CNTY OR SCH DIST #1 GERVAIS                         | CUSIP: 569133DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2026044.98   | 0.95%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                       | BEND OR                                                    | CUSIP: 081617YG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1474904.07   | 0.69%             | 2050-06-01      | Fixed         | 5.00%                 | 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        |   1770000 | PA      | $1802614.20   | 0.85%             | 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      | $904675.90    | 0.43%             | 2028-06-01      | None          | 0.00%                 | 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      | $1018379.50   | 0.48%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lake Oswego OR                                                | LAKE OSWEGO OR                                             | CUSIP: 510390M61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1242578.84   | 0.58%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                              | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1185356.03   | 0.56%             | 2043-10-01      | 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      | $91647.33     | 0.04%             | 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      | $881069.18    | 0.41%             | 2042-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| City of Newport OR                                                    | NEWPORT OR                                                 | CUSIP: 652300LD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1067085.50   | 0.50%             | 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      | $1030255.30   | 0.48%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                               | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518489.45    | 0.24%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Water System Revenue                              | PORTLAND OR WTR SYS REVENUE                                | CUSIP: 736754TJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2565078.58   | 1.21%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes Public Library District                                     | DESCHUTES OR PUBLIC LIBRARY DIST                           | CUSIP: 250353BK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1222541.55   | 0.57%             | 2040-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Home Forward                                                          | PORTLAND OR HSG AUTH REVENUE                               | CUSIP: 736703FU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $564581.20    | 0.27%             | 2027-01-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Lake Oswego OR                                                | LAKE OSWEGO OR                                             | CUSIP: 510390M95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2454317.30   | 1.15%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                   | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 7352403F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2411386.07   | 1.13%             | 2041-07-01      | Fixed         | 5.25%                 | 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      | $168797.58    | 0.08%             | 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      | $1019314.17   | 0.48%             | 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        |   2100000 | PA      | $1973066.76   | 0.93%             | 2058-07-01      | 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        |   2560000 | PA      | $1010026.50   | 0.47%             | 2043-06-15      | 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      | $2503578.75   | 1.18%             | 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        |   6995000 | PA      | $7130313.38   | 3.35%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                           | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    750000 | PA      | $802978.13    | 0.38%             | 2031-07-01      | Fixed         | 5.75%                 | 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      | $1759944.73   | 0.83%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                              | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742G92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3591897.40   | 1.69%             | 2047-12-01      | 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        |   3310000 | PA      | $3602552.36   | 1.69%             | 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      | $548384.85    | 0.26%             | 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      | $1290405.59   | 0.61%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                               | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $586213.98    | 0.28%             | 2039-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                         | WASHINGTON CNTY OR SCH DIST #13 BANKS                      | CUSIP: 938350FR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1141654.50   | 0.54%             | 2044-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 7J Lake Oswego                    | CLACKAMAS CNTY OR SCH DIST #7J LAKE OSWEGO                 | CUSIP: 179090PY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136608.84    | 0.06%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Electric Utility System Revenue                     | EUGENE OR ELEC UTILITY REVENUE                             | CUSIP: 298191X28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1406860.54   | 0.66%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                   | PORTLAND OR REVENUE                                        | CUSIP: 736740XQ9<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2079959.69   | 0.98%             | 2029-06-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 15 Forest Grove                  | WASHINGTON CNTY OR SCH DIST #15 FOREST GROVE               | CUSIP: 938361QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $397094.63    | 0.19%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Business Development Commission                          | OREGON ST BUSINESS DEV COMMISSION REVENUE                  | CUSIP: 68609AAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3019805.10   | 1.42%             | 2040-12-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                      | SANDY OR                                                   | CUSIP: 800358FY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1742395.41   | 0.82%             | 2050-04-01      | Fixed         | 4.75%                 | 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        |    915000 | PA      | $900571.09    | 0.42%             | 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        |   1165000 | PA      | $1170144.76   | 0.55%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                               | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $442998.07    | 0.21%             | 2042-06-15      | None          | 0.00%                 | 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      | $1150509.32   | 0.54%             | 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      | $737926.58    | 0.35%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Astoria Hospital Facilities Authority                                 | ASTORIA OR HOSP FACS AUTH                                  | CUSIP: 046279CT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3440686.85   | 1.62%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                  | YAMHILL CNTY OR REVENUE                                    | CUSIP: 98464TBA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1104779.98   | 0.52%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                              | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1658796.59   | 0.78%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton      | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                 | CUSIP: 9384292V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2581422.00   | 1.21%             | 2048-06-15      | 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: 179093KH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1658520.36   | 0.78%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tualatin Valley Water District                                        | TUALATIN VLY OR WTR DIST WTR REVENUE                       | CUSIP: 89855PEV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1019548.84   | 0.48%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Tillamook OR                                                | TILLAMOOK CNTY OR                                          | CUSIP: 886793FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $923584.76    | 0.43%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hermiston OR                                                  | HERMISTON OR                                               | CUSIP: 427542NX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $430871.70    | 0.20%             | 2044-12-01      | Fixed         | 4.00%                 | 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        |   4515000 | PA      | $4494054.92   | 2.11%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                         | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195945.46    | 0.09%             | 2038-09-01      | Fixed         | 5.00%                 | 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      | $1271050.11   | 0.60%             | 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      | $605488.66    | 0.28%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                           | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $221143.70    | 0.10%             | 2047-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                               | OREGON ST UNIV GEN REVENUE                                 | CUSIP: 68608WAV4<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1833350.76   | 0.86%             | 2044-04-01      | Fixed         | 4.00%                 | 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        |   1045000 | PA      | $1044143.41   | 0.49%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 10JT Gresham-Barlow | MULTNOMAH CLACKAMAS CNTYS OR SCH DIST #10JT GRESHAM-BARLOW | CUSIP: 625482HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1361210.59   | 0.64%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                     | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1947525.28   | 0.92%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                           | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $267607.51    | 0.13%             | 2041-06-15      | Fixed         | 5.00%                 | 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      | $1506225.90   | 0.71%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 35 Molalla River                  | MOLALLA RIVER OR SCH DIST #35                              | CUSIP: 608479BD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $310756.05    | 0.15%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metro/OR                                                              | METRO OR                                                   | CUSIP: 59163PMM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3255000 | PA      | $3492853.59   | 1.64%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                               | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $423253.20    | 0.20%             | 2040-06-15      | None          | 0.00%                 | 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        |    475000 | PA      | $288504.22    | 0.14%             | 2036-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 7J Lake Oswego                    | CLACKAMAS CNTY OR SCH DIST #7J LAKE OSWEGO                 | CUSIP: 179090QE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $662594.74    | 0.31%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                               | OREGON ST UNIV GEN REVENUE                                 | CUSIP: 68608WBC5<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2805475.53   | 1.32%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                               | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $536813.90    | 0.25%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                       | OREGON ST                                                  | CUSIP: 68609BX69<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1642950.16   | 0.77%             | 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      | $161338.89    | 0.08%             | 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      | $763859.70    | 0.36%             | 2041-07-01      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                       | BEND OR                                                    | CUSIP: 081617VS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $1029249.51   | 0.48%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 35 Molalla River                  | MOLALLA RIVER OR SCH DIST #35                              | CUSIP: 608479BG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1212911.58   | 0.57%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                           | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $253464.86    | 0.12%             | 2040-06-15      | 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      | $872596.20    | 0.41%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 35 Molalla River                  | MOLALLA RIVER OR SCH DIST #35                              | CUSIP: 608479BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $350910.71    | 0.17%             | 2041-06-15      | 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        |   1680000 | PA      | $1681288.73   | 0.79%             | 2029-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| County of Benton OR                                                   | BENTON CNTY OR                                             | CUSIP: 082805EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $998910.56    | 0.47%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro Economic Development Council                                | HILLSBORO OR ECON DEV COUNCIL TAX INCR REVENUE             | CUSIP: 432094AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $913452.81    | 0.43%             | 2043-06-01      | Fixed         | 5.94%                 | 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      | $580903.26    | 0.27%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 40 Creswell                            | LANE CNTY OR SCH DIST #40 CRESWELL                         | CUSIP: 515354ER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $543490.70    | 0.26%             | 2038-06-15      | 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        |    910000 | PA      | $848985.96    | 0.40%             | 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      | $1053912.60   | 0.50%             | 2043-08-01      | Fixed         | 5.00%                 | 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      | $1578990.80   | 0.74%             | 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      | $2967327.70   | 1.40%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                   | PORTLAND OR REVENUE                                        | CUSIP: 736740WJ6<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $967653.53    | 0.46%             | 2036-10-01      | Fixed         | 2.00%                 | 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        |   6500000 | PA      | $6546070.05   | 3.08%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                           | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524127.60    | 0.25%             | 2029-07-01      | Fixed         | 5.62%                 | 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      | $220994.18    | 0.10%             | 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        |    240000 | PA      | $240458.38    | 0.11%             | 2026-08-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                       | OREGON ST                                                  | CUSIP: 68609UPP4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1903917.19   | 0.90%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Marion County School District No 1 Gervais/OR                         | MARION CNTY OR SCH DIST #1 GERVAIS                         | CUSIP: 569133CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3515000 | PA      | $3738364.89   | 1.76%             | 2044-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Water System Revenue                              | PORTLAND OR WTR SYS REVENUE                                | CUSIP: 736754TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $595850.86    | 0.28%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Redmond Area Park & Recreation District                               | REDMOND OR AREA PARK & RECREATION DISTRICT                 | CUSIP: 757660AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1208502.38   | 0.57%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Water Commission                                              | MEDFORD OR WTR COMMISSION WTR REVENUE                      | CUSIP: 584299AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3135768.24   | 1.47%             | 2049-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department               | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 686087Y84<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1901203.98   | 0.89%             | 2043-07-01      | Fixed         | 4.60%                 | 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      | $2554938.75   | 1.20%             | 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        |   3000000 | PA      | $2997480.30   | 1.41%             | 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      | $883492.49    | 0.42%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                              | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1519894.64   | 0.71%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cannon Beach OR                                               | CANNON BEACH OR                                            | CUSIP: 137672FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $485874.18    | 0.23%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department               | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 6860874M6<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    975000 | PA      | $953946.53    | 0.45%             | 2049-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department               | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                 | CUSIP: 68608ENJ7<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2039028.14   | 0.96%             | 2043-11-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                           | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $306119.85    | 0.14%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 7J Lake Oswego                    | CLACKAMAS CNTY OR SCH DIST #7J LAKE OSWEGO                 | CUSIP: 179090PZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $276322.70    | 0.13%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                     | PORT OF MORROW OR TRANSMISSION FACS REVENUE                | CUSIP: 73474TAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $837645.70    | 0.39%             | 2036-09-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                     | PORT OF MORROW OR TRANSMISSION FACS REVENUE                | CUSIP: 73474TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1141945.76   | 0.54%             | 2040-09-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                | MULTNOMAH CNTY OR SCH DIST #40                             | CUSIP: 625693JS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1193841.11   | 0.56%             | 2053-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tualatin Valley Water District                                        | TUALATIN VLY OR WTR DIST WTR REVENUE                       | CUSIP: 89855PDY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1251046.65   | 0.59%             | 2053-06-01      | 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      | $1643001.91   | 0.77%             | 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      | $899663.70    | 0.42%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                    | OREGON ST HLTH & SCIENCE UNIV REVENUE                      | CUSIP: 685869HE2<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1935807.72   | 0.91%             | 2044-07-01      | Fixed         | 4.00%                 | 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      | $2788523.11   | 1.31%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                    | REDMOND OR                                                 | CUSIP: 757657YX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129988.53    | 0.06%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                      | SANDY OR                                                   | CUSIP: 800358FS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $420390.49    | 0.20%             | 2044-04-01      | Fixed         | 4.50%                 | 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        |   1865000 | PA      | $1802373.11   | 0.85%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Tillamook OR                                                | TILLAMOOK CNTY OR                                          | CUSIP: 886793FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1227217.95   | 0.58%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                  | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE               | CUSIP: 68607V6S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072115.50   | 0.50%             | 2044-04-01      | 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        |   4950000 | PA      | $5063417.37   | 2.38%             | 2045-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JVR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1593928.21   | 0.75%             | 2046-06-01      | 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      | $4846685.85   | 2.28%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                  | UNIV OF OREGON OR GEN REVENUE                              | CUSIP: 914767AC2<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |   5320000 | PA      | $5385811.06   | 2.53%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                   | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 7352404D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056110.60   | 0.97%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 40 Creswell                            | LANE CNTY OR SCH DIST #40 CRESWELL                         | CUSIP: 515354EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $400903.20    | 0.19%             | 2043-06-15      | None          | 0.00%                 | 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      | $1812875.92   | 0.85%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309580.41    | 0.15%             | 2035-10-01      | Fixed         | 5.00%                 | 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      | $500249.10    | 0.24%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                     | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $673761.06    | 0.32%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Water Commission                                              | MEDFORD OR WTR COMMISSION WTR REVENUE                      | CUSIP: 584299AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2630489.48   | 1.24%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tualatin Valley Water District                                        | TUALATIN VLY OR WTR DIST WTR REVENUE                       | CUSIP: 89855PEU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1639631.93   | 0.77%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 7J Lake Oswego                    | CLACKAMAS CNTY OR SCH DIST #7J LAKE OSWEGO                 | CUSIP: 179090QD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $282189.25    | 0.13%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                      | SANDY OR                                                   | CUSIP: 800358FW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002969.90   | 0.47%             | 2048-04-01      | Fixed         | 4.75%                 | 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      | $663592.05    | 0.31%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                       | BEND OR                                                    | CUSIP: 081617VY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1664990.10   | 0.78%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer