# EDGAR Filing Document

**Accession Number:** 0000914529
**File Stem:** 0001752724-25-161288
**Filing Date:** 2025-6
**Character Count:** 69624
**Document Hash:** 485675284e879fa3c236e219f198ece8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-161288.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-161288

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eaton Vance Municipals Trust II
- **CENTRAL INDEX KEY:** 0000914529

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08134
- **FILM NUMBER:** 251083037

**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 II
- **DATE OF NAME CHANGE:** 19931108

## Series and Classes Contracts Data

### Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund (Series ID: S000049164)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000154967 | Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund Class A | EALBX           |
| C000154968 | Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund Class C | ECLBX           |
| C000154969 | Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund Class I | EILBX           |

## Nport-Ex

Parametric

TABS 1-to-10 Year Laddered Municipal Bond Fund

April 30, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 97.5%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 9.3% | Education — 9.3% | Education — 9.3% |
| Allegheny County Higher Education Building Authority, PA, (Carnegie Mellon University), 3.321%, (70% of SOFR + 0.29%), 8/1/27 (Put Date), 2/1/33<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$992676 |
| Bethlehem Area School District Authority, PA, 3.251%, (67% of SOFR + 0.35%), 1/1/32<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp; 2289318 |
| California Educational Facilities Authority, (Stanford University), 5.00% to 3/1/32 (Put Date), 3/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp; 807816 |
| Connecticut Health and Educational Facilities Authority, (Yale University), 2.95% to 7/1/27 (Put Date), 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1242636 |
| Massachusetts Development Finance Agency, (Harvard University), 5.00% to 5/13/32 (Put Date), 5/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1098554 |
|  |  | &nbsp;&nbsp;**$6431000** |
| Electric Utilities — 7.7% | Electric Utilities — 7.7% | Electric Utilities — 7.7% |
| Burke County Development Authority, GA, (Oglethorpe Power Corp.), 3.60% to 2/1/30 (Put Date), 11/1/45 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1125 | &nbsp;&nbsp;$1116424 |
| Foley Utilities Board, AL: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655 | &nbsp;&nbsp;&nbsp;&nbsp; 704150 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp; 976227 |
| Fremont, NE, Combined Utilities Revenue, 1.75%, 7/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp; 1251978 |
| Seattle, WA, Municipal Light and Power Revenue, 3.87%, (SIFMA + 0.25%), 5/1/45<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 493893 |
| Southeast Energy Authority, AL, 5.25% to 1/1/33 (Put Date), 3/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 791699 |
|  |  | &nbsp;&nbsp;**$5334371** |
| General Obligations — 30.0% | General Obligations — 30.0% | General Obligations — 30.0% |
| Amherst, NY, 3.00%, 11/1/31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$468899 |
| Bexar County, TX, 3.00%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp; 2230861 |
| Chaffey Joint Union High School District, CA, (Election of 2012), 0.00%, 8/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp; 76749 |
| Columbia School District, MO, 2.10%, 3/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 483482 |
| Connecticut, 5.00%, 12/1/30<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 547126 |
| David Douglas School District No. 40, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp; 505173 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp; 125230 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp; 277096 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp; 128080 |
| Eugene School District No. 4J, OR, Lane County, 3.00%, 6/15/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 921490 |
| Forest Lake, MN, 2.15%, 2/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 291485 |
| Frisco, TX, 2.00%, 2/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 | &nbsp;&nbsp;&nbsp;&nbsp; 55360 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Hays Consolidated Independent School District, TX, (PSF Guaranteed), 3.25%, 2/15/32 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$973628 |
| Lewisville, TX, 2.75%, 2/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680 | &nbsp;&nbsp;&nbsp;&nbsp; 625832 |
| Lockhart Independent School District, TX, (PSF Guaranteed), 5.00%, 8/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp; 155161 |
| Loudoun County, VA, 1.625%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 769984 |
| Metro, OR, 5.00%, 6/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 781438 |
| New York, NY, 5.00%, 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1026488 |
| North Carolina: |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, 6/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1365 | &nbsp;&nbsp;&nbsp;&nbsp; 1169407 |
| &nbsp;&nbsp;&nbsp;3.00%, 6/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2403984 |
| Oregon, 5.00%, 5/15/34<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1592855 |
| Pennsylvania, 4.00%, 5/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 512548 |
| Rutherford County, TN, 1.50%, 4/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1193495 |
| Sheldon Independent School District, TX, (PSF Guaranteed), 3.00%, 2/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 191883 |
| Somerville, MA, 1.75%, 10/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2421953 |
| Spring-Ford Area School District, PA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp; 290466 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp; 146017 |
| Umatilla School District No. 6R, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp; 69678 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp; 19253 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 139260 |
| Washington County School District No. 13 Banks, OR, 0.00%, 6/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp; 131540 |
|  |  | &nbsp;&nbsp;**$20725901** |
| Hospital — 4.5% | Hospital — 4.5% | Hospital — 4.5% |
| Center City, MN, (Hazelden Betty Ford Foundation): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/30 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$266503 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210 | &nbsp;&nbsp;&nbsp;&nbsp; 225578 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp; 296507 |
| Connecticut Health and Educational Facilities Authority, (Yale-New Haven Health), 5.00% to 7/1/29 (Put Date), 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 527393 |
| Harris County Cultural Education Facilities Finance Corp., TX, (Texas Children's Hospital), (LOC: TD Bank, N.A.), 2.80%, 10/1/45<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 700000 |
| Metropolitan Government of Nashville and Davidson County Health and Educational Facilities Board, TN, (Vanderbilt University Medical Center), 5.00%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1047064 |

---

------

Parametric

TABS 1-to-10 Year Laddered Municipal Bond Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital (continued) | Hospital (continued) | Hospital (continued) |
| Northampton County General Purpose Authority, PA, (St. Luke's University Health Network), 5.00%, 8/15/25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;$30083 |
| San Diego County, CA, (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp; 35297 |
|  |  | &nbsp;&nbsp;**$3128425** |
| Housing — 10.2% | Housing — 10.2% | Housing — 10.2% |
| Connecticut Housing Finance Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 5.50%, 11/15/52 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;$435346 |
| Nebraska Investment Finance Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 5.50%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805 | &nbsp;&nbsp;&nbsp;&nbsp; 843709 |
| Ohio Housing Finance Agency: |  |  |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 5.75%, 3/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp; 683117 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 6.25%, 3/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990 | &nbsp;&nbsp;&nbsp;&nbsp; 1068188 |
| Pennsylvania Housing Finance Agency, SFMR, 2.10%, 4/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp; 109733 |
| South Dakota Housing Development Authority, (FHLMC), (FNMA), (GNMA), 6.25%, 5/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980 | &nbsp;&nbsp;&nbsp;&nbsp; 1060222 |
| Tennessee Housing Development Agency, Social Bonds, 5.50%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp; 949535 |
| Texas Department of Housing and Community Affairs, Social Bonds, (GNMA), 5.75%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1760 | &nbsp;&nbsp;&nbsp;&nbsp; 1875190 |
|  |  | &nbsp;&nbsp;**$7025040** |
| Industrial Development Revenue — 1.1% | Industrial Development Revenue — 1.1% | Industrial Development Revenue — 1.1% |
| Parish of St. John the Baptist, LA, (Marathon Oil Corp.), 3.30% to 7/3/28 (Put Date), 6/1/37 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;$787049 |
|  |  | &nbsp;&nbsp;**$787049** |
| Insured - General Obligations — 2.6% | Insured - General Obligations — 2.6% | Insured - General Obligations — 2.6% |
| Clifton, NJ, (BAM), 2.00%, 8/15/33 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$812473 |
| Rancho Santiago Community College District, CA, (Election of 2002), (AGM), 0.00%, 9/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1110 | &nbsp;&nbsp;&nbsp;&nbsp; 995360 |
|  |  | &nbsp;&nbsp;**$1807833** |
| Insured - Lease Revenue/Certificates of Participation — 0.3% | Insured - Lease Revenue/Certificates of Participation — 0.3% | Insured - Lease Revenue/Certificates of Participation — 0.3% |
| Highlands County School Board, FL, (BAM), 5.00%, 3/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;$180240 |
|  |  | &nbsp;&nbsp;**$180240** |
| Lease Revenue/Certificates of Participation — 0.4% | Lease Revenue/Certificates of Participation — 0.4% | Lease Revenue/Certificates of Participation — 0.4% |
| St. Charles County Public Water Supply District No. 2, MO, 3.00%, 12/1/25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$249168 |
|  |  | &nbsp;&nbsp;**$249168** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Other Revenue — 7.8% | Other Revenue — 7.8% | Other Revenue — 7.8% |
| California Community Choice Financing Authority, Clean Energy Project Revenue, Green Bonds, 4.00% to 8/1/31 (Put Date), 2/1/52 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840 | &nbsp;&nbsp;$830922 |
| California Infrastructure and Economic Development Bank, (California Academy of Sciences), Sustainability Bonds, 3.25%, 8/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;&nbsp; 393195 |
| Fort Myers, FL, Capital Improvement Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp; 156651 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp; 272781 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 605763 |
| Main Street Natural Gas, Inc., GA, Gas Supply Revenue, 5.00% to 3/1/30 (Put Date), 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2085437 |
| New Mexico Municipal Energy Acquisition Authority, Gas Supply Revenue, 5.00% to 11/1/30 (Put Date), 6/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1048084 |
|  |  | &nbsp;&nbsp;**$5392833** |
| Senior Living/Life Care — 7.4% | Senior Living/Life Care — 7.4% | Senior Living/Life Care — 7.4% |
| Buffalo and Erie County Industrial Land Development Corp., NY, (Orchard Park CCRC, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;$60143 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830 | &nbsp;&nbsp;&nbsp;&nbsp; 833534 |
| California Municipal Finance Authority, (PRS California Obligated Group): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp; 455144 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;&nbsp;&nbsp; 374961 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 212421 |
| Lancaster Municipal Authority, PA, (Garden Spot Village), 5.00%, 5/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 209572 |
| Missouri Health and Educational Facilities Authority, (Lutheran Senior Services): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;760 | &nbsp;&nbsp;&nbsp;&nbsp; 773014 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp; 973480 |
| Virginia Small Business Financing Authority, (Lifespire of Virginia), 5.00%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1037003 |
| West Cornwall Township Municipal Authority, PA, (Lebanon Valley Brethren Home): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp; 124307 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp; 29282 |
|  |  | &nbsp;&nbsp;**$5082861** |
| Special Tax Revenue — 5.8% | Special Tax Revenue — 5.8% | Special Tax Revenue — 5.8% |
| Battery Park City Authority, NY, (SPA: TD Bank, N.A.), 2.50%, 11/1/38<sup>(4)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1215 | &nbsp;&nbsp;$1215000 |
| New York City Transitional Finance Authority, NY, Future Tax Revenue, 5.00%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2807629 |
|  |  | &nbsp;&nbsp;**$4022629** |

---

------

Parametric

TABS 1-to-10 Year Laddered Municipal Bond Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation — 5.2% | Transportation — 5.2% | Transportation — 5.2% |
| Hawaii, Highway Revenue, 5.00%, 1/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;$2537637 |
| Maryland Department of Transportation, 3.00%, 10/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp; 539302 |
| Texas Transportation Commission, (Central Texas Turnpike System), 5.00%, 8/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 546224 |
|  |  | &nbsp;&nbsp;**$3623163** |
| Water and Sewer — 5.2% | Water and Sewer — 5.2% | Water and Sewer — 5.2% |
| Massachusetts Water Resources Authority, Green Bonds, 5.00%, 8/1/31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1116429 |
| Southeast Energy Authority, AL, (Project No. 2), 4.00% to 12/1/31 (Put Date), 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2459255 |
|  |  | &nbsp;&nbsp;**$3575684** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $67,764,506) |  | &nbsp;&nbsp;**$67366197** |

---

Short-Term Investments — 4.4%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.24%<sup>(5)</sup> | 3036723 | &nbsp;&nbsp;$3036723 |
| Total Short-Term Investments<br> (identified cost $3,036,723) |  | &nbsp;&nbsp;**$3036723** |
| Total Investments — 101.9%<br> (identified cost $70,801,229) |  | &nbsp;&nbsp;**$70402920** |
| Other Assets, Less Liabilities — (1.9)% |  | &nbsp;&nbsp;**$(1321520)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$69081400** |

---

---

| | |
|:---|:---|
| 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> | Floating rate security. The stated interest rate represents the rate in effect at April 30, 2025. |
| <sup>(2)</sup> | When-issued security. |

---

---

| | |
|:---|:---|
| <sup>(3)</sup> | Variable rate demand obligation that may be tendered at par on any day for payment the lesser of 5 business days or 7 calendar days. The stated interest rate, which generally resets weekly, is determined by the remarketing agent and represents the rate in effect at April 30, 2025. |
| <sup>(4)</sup> | Variable rate demand obligation that may be tendered at par on any day for payment the same or next business day. The stated interest rate, which generally resets daily, is determined by the remarketing agent and represents the rate in effect at April 30, 2025. |
| <sup>(5)</sup> | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of April 30, 2025. |
| At April 30, 2025, the concentration of the Fund's investments in the various states, determined as a percentage of net assets, is as follows: | At April 30, 2025, the concentration of the Fund's investments in the various states, determined as a percentage of net assets, is as follows: |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas | 10.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others, representing less than 10% individually | 86.9% |

---

The Fund invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At April 30, 2025, 2.8% 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 was 1.4% of total investments.

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AGM | – Assured Guaranty Municipal Corp. |
| BAM | – Build America Mutual Assurance Co. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| LOC | – Letter of Credit |
| PSF | – Permanent School Fund |
| SFMR | – Single Family Mortgage Revenue |
| SIFMA | – Securities Industry and Financial Markets Association Municipal Swap Index |
| SOFR | – Secured Overnight Financing Rate |
| SPA | – Standby Bond Purchase Agreement |

---

------

Parametric

TABS 1-to-10 Year Laddered Municipal Bond Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

The Fund did not have any open derivative instruments at April 30, 2025.

Affiliated Investments

At April 30, 2025, the value of the Fund's investment in funds that may be deemed to be affiliated was $3,036,723, which represents 4.4% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended April 30, 2025 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Value,<br> beginning<br> of period** | **Purchases** | **Sales<br> proceeds** | **Net realized<br> gain (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Value, end<br> of period** | **Dividend<br> income** | **Shares,<br> end of period** |
| **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** |
| Liquidity Fund, Institutional Class<sup>(1)</sup> | $4718294 | $10186761 | $(11868332) | $— | $— | $3036723 | $32667 | 3036723 |

---

<sup>(1)</sup> Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.

Fair Value Measurements

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

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

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

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

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

At April 30, 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;$67366197 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$67366197 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;3036723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3036723 |
| **Total Investments** | &nbsp;&nbsp;**$3036723** | &nbsp;&nbsp;&nbsp;&nbsp;**$67366197** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$70402920** |

---

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 II

- **b. Investment Company Act file number:** 811-08134

- **c. CIK number of Registrant:** 0000914529

- **d. LEI of Registrant:** 54930020USKP27DTI683

- **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:** Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000049164

- **c. LEI of Series:** 549300SK8HGOD7OT4260

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $69552781.65

**Total Liabilities:** $754511.44

**Net Assets:** $68798270.21

**Delayed Delivery Securities:** $538670.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -135.02000000 | **1-Year:** -3164.26000000 | **5-Year:** -15655.02000000 | **10-Year:** -12897.63000000 | **30-Year:** -1741.63000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000154969 | 0.94%                | -1.00%               | -0.33%               |
| Class ID C000154967 | 1.02%                | -1.03%               | -0.35%               |
| Class ID C000154968 | 0.95%                | -1.19%               | -0.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $72586.00                | $459953.78                                 |
| Month 2  | $-9073.85                | $-909028.12                                |
| Month 3  | $-44097.25               | $-304656.00                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD         | CUSIP: 592041ZX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047064.20   | 1.52%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foley Utilities Board                                                            | FOLEY AL UTILITIES BRD UTILITIES REVENUE                            | CUSIP: 344244QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $976227.48    | 1.42%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring-Ford Area School District                                                 | SPRING FORD PA AREA SCH DIST                                        | CUSIP: 849534TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $290466.48    | 0.42%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Clifton NJ                                                               | CLIFTON NJ                                                          | CUSIP: 1870904W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $812473.30    | 1.18%             | 2033-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                                    | WASHINGTON CNTY OR SCH DIST #13 BANKS                               | CUSIP: 938350FQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $131539.91    | 0.19%             | 2032-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Spring-Ford Area School District                                                 | SPRING FORD PA AREA SCH DIST                                        | CUSIP: 849534TN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $146017.12    | 0.21%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Amherst NY                                                               | AMHERST NY                                                          | CUSIP: 0313033F5<br>LEI: 549300Y05O1QJP3REV80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $468899.20    | 0.68%             | 2031-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                      | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                             | CUSIP: 130179XB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $807816.39    | 1.17%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metro/OR                                                                         | METRO OR                                                            | CUSIP: 59163PLX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $781438.20    | 1.14%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 4J Eugene                                         | LANE CNTY OR SCH DIST #4J EUGENE                                    | CUSIP: 515300SV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921489.60    | 1.34%             | 2034-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 6R Umatilla                                   | UMATILLA CNTY OR SCH DIST #6 R UMATILLA                             | CUSIP: 904115FB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $69677.83     | 0.10%             | 2025-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                | CUSIP: 60635H3S6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    760000 | PA      | $773014.24    | 1.12%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia School District/MO                                                      | COLUMBIA MO SCH DIST                                                | CUSIP: 198037CT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483481.60    | 0.70%             | 2027-03-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| City of Somerville MA                                                            | SOMERVILLE MA                                                       | CUSIP: 8352404V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2421953.10   | 3.52%             | 2033-10-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                       | SOUTH DAKOTA ST HSG DEV AUTH                                        | CUSIP: 83756LAC9<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1060221.62   | 1.54%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                         | CUSIP: 64966MQW2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026488.30   | 1.49%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN                      | CUSIP: 574204R70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $539302.51    | 0.78%             | 2031-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                         | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1116423.56   | 1.62%             | 2045-11-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | BEXAR CNTY TX                                                       | CUSIP: 088281VW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2230861.31   | 3.24%             | 2030-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                | CUSIP: 13034A5B2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    395000 | PA      | $393195.17    | 0.57%             | 2029-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                 | CUSIP: 13048V2F4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212420.56    | 0.31%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                             | ALLEGHENY CNTY PA HGR EDU BLDG AUTH CLG REVENUE                     | CUSIP: 01729EKZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992675.80    | 1.44%             | 2033-02-01      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| Bethlehem Area School District Authority                                         | BETHLEHEM PA AREA SCH DIST AUTH SCH REVENUE                         | CUSIP: 087368AN6<br>LEI: 549300TFB2HAL26FJP41 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2289317.42   | 3.33%             | 2032-01-01      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                           | MULTNOMAH CNTY OR SCH DIST #40                                      | CUSIP: 625693HS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $128080.08    | 0.19%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                    | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                        | CUSIP: 514350AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209572.04    | 0.30%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                     | CUSIP: 20775DYS5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527393.25    | 0.77%             | 2049-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                 | CUSIP: 13048V2B3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    450000 | PA      | $455144.09    | 0.66%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sheldon Independent School District                                              | SHELDON TX INDEP SCH DIST                                           | CUSIP: 8225163R9<br>LEI: 54930060GSW0WSH51R22 | Long             | DBT              | MUN               | US        |    200000 | PA      | $191882.52    | 0.28%             | 2032-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                               | SEATTLE WA MUNI LIGHT & PWR REVENUE                                 | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493892.95    | 0.72%             | 2045-05-01      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU        | CUSIP: 88283KCA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546223.85    | 0.79%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Myers FL                                                            | FORT MYERS FL CAPITAL IMPT REVENUE                                  | CUSIP: 348073DZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $156650.46    | 0.23%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 6R Umatilla                                   | UMATILLA CNTY OR SCH DIST #6 R UMATILLA                             | CUSIP: 904115FC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19253.18     | 0.03%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                | CUSIP: 60635H3T4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    950000 | PA      | $973480.20    | 1.41%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE                   | CUSIP: 11943KCK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60143.34     | 0.09%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                           | MULTNOMAH CNTY OR SCH DIST #40                                      | CUSIP: 625693HN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $505172.90    | 0.73%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                                     | CUSIP: 70914PR95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512548.05    | 0.75%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Myers FL                                                            | FORT MYERS FL CAPITAL IMPT REVENUE                                  | CUSIP: 348073EB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $605762.94    | 0.88%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                 | CUSIP: 13048V2C1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    365000 | PA      | $374960.41    | 0.55%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forest Lake MN                                                           | FOREST LAKE MN                                                      | CUSIP: 345850EA5<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |    300000 | PA      | $291485.31    | 0.42%             | 2027-02-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                   | CUSIP: 414009SA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 1.02%             | 2045-10-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                    | CUSIP: 20775HXT5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    420000 | PA      | $435345.75    | 0.63%             | 2052-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                           | MULTNOMAH CNTY OR SCH DIST #40                                      | CUSIP: 625693HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $277096.48    | 0.40%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rancho Santiago Community College District                                       | RANCHO SANTIAGO CA CMNTY CLG DIST                                   | CUSIP: 752147FJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $995359.98    | 1.45%             | 2028-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH RSDL FAC CARE REVENUE          | CUSIP: 928103AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037003.40   | 1.51%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                         | CUSIP: 70879QFZ1<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    115000 | PA      | $109733.48    | 0.16%             | 2028-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| County of Rutherford TN                                                          | RUTHERFORD CNTY TN                                                  | CUSIP: 783244KA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1193494.50   | 1.73%             | 2033-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756Q2H9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    650000 | PA      | $683116.59    | 0.99%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                     | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2459254.75   | 3.57%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                   | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085437.40   | 3.03%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                          | MASSACHUSETTS ST WTR RESOURCES AUTH                                 | CUSIP: 576051K62<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116429.10   | 1.62%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                             | LOUDOUN CNTY VA                                                     | CUSIP: 54589TKT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $769984.40    | 1.12%             | 2034-12-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | NORTH CAROLINA ST                                                   | CUSIP: 6582564N9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1169406.69   | 1.70%             | 2033-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| County of San Diego CA                                                           | SAN DIEGO CNTY CA LIMITED REVENUE OBLIGS                            | CUSIP: 79742YAK8<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35296.87     | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands County School Board                                                    | HIGHLANDS CNTY FL SCH BRD                                           | CUSIP: 43102DDX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180239.62    | 0.26%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Frisco TX                                                                | FRISCO TX                                                           | CUSIP: 358776ZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $55360.29     | 0.08%             | 2033-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Chaffey Joint Union High School District                                         | CHAFFEY CA JT UNION HIGH SCH DIST                                   | CUSIP: 157411WK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $76749.08     | 0.11%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lockhart Independent School District/TX                                          | LOCKHART TX INDEP SCH DIST                                          | CUSIP: 539770MG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155161.36    | 0.23%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lewisville TX                                                            | LEWISVILLE TX                                                       | CUSIP: 528815JH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $625832.15    | 0.91%             | 2033-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                           | MULTNOMAH CNTY OR SCH DIST #40                                      | CUSIP: 625693HP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $125229.62    | 0.18%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | SAINT JOHN THE BAPTIST PARISH LA REVENUE                            | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $787048.40    | 1.14%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                         | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   3036723 | NS      | $3036723.31   | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| State of North Carolina                                                          | NORTH CAROLINA ST                                                   | CUSIP: 6582562S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2403983.75   | 3.49%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii State Highway Fund                                               | HAWAII ST HIGHWAY REVENUE                                           | CUSIP: 41981CNT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2537637.00   | 3.69%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                           | CENTER CITY MN HLTH CARE FACSREVENUE                                | CUSIP: 151452CF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $225577.53    | 0.33%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foley Utilities Board                                                            | FOLEY AL UTILITIES BRD UTILITIES REVENUE                            | CUSIP: 344244QH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $704150.35    | 1.02%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                                       | W CORNWALL TWP PA MUNI AUTH                                         | CUSIP: 95235TAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $124307.00    | 0.18%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                                | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY                 | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048084.00   | 1.52%             | 2054-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Hays Consolidated Independent School District                                    | HAYS TX CONSOL INDEP SCH DIST                                       | CUSIP: 4211102J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973627.70    | 1.42%             | 2032-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Fremont NE Combined Utility System Revenue                               | FREMONT NE COMB UTILITY SYS REVENUE                                 | CUSIP: 357415SE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1251977.92   | 1.82%             | 2033-07-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Battery Park City Authority                                                      | BATTERY PARK CITY NY AUTH                                           | CUSIP: 07133AJC7<br>LEI: 549300RF3SFDOWRHVM56 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1215000.00   | 1.77%             | 2038-11-01      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Northampton County General Purpose Authority                                     | NORTHAMPTON CNTY PA GEN PURPOSE AUTH HOSP REVENUE                   | CUSIP: 66353RBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30082.66     | 0.04%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                     | CUSIP: 20775DXK3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1242636.13   | 1.81%             | 2049-07-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756Q6W2<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1068187.73   | 1.55%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 6R Umatilla                                   | UMATILLA CNTY OR SCH DIST #6 R UMATILLA                             | CUSIP: 904115FD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $139260.14    | 0.20%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| St Charles County Public Water Supply District No 2                              | SAINT CHARLES CNTY MO PUBLIC WTR SPLY DIST #2 COPS                  | CUSIP: 78764YCW5<br>LEI: 54930038VJHZW7PR1R14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249168.35    | 0.36%             | 2025-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                                       | W CORNWALL TWP PA MUNI AUTH                                         | CUSIP: 95235TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29281.46     | 0.04%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE        | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    750000 | PA      | $791698.80    | 1.15%             | 2055-03-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                           | CENTER CITY MN HLTH CARE FACSREVENUE                                | CUSIP: 151452CG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $296506.90    | 0.43%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                           | CENTER CITY MN HLTH CARE FACSREVENUE                                | CUSIP: 151452CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266503.45    | 0.39%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                          | CUSIP: 64972JQB7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2807629.25   | 4.08%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                | CUSIP: 57585BGT9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098553.80   | 1.60%             | 2055-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE              | CUSIP: 882750SX1<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1875190.59   | 2.73%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE                   | CUSIP: 11943KCP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $833534.39    | 1.21%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE         | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    840000 | PA      | $830921.62    | 1.21%             | 2052-02-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE                      | CUSIP: 88046KCG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $949535.41    | 1.38%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Fort Myers FL                                                            | FORT MYERS FL CAPITAL IMPT REVENUE                                  | CUSIP: 348073EA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $272781.05    | 0.40%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE                      | CUSIP: 63968MG78<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    805000 | PA      | $843708.91    | 1.23%             | 2052-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                      | CUSIP: 20772KC31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547125.65    | 0.80%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-23

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer