# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001410368-25-009067
**Filing Date:** 2025-9
**Character Count:** 58208
**Document Hash:** 63e3842c18673d5057b5e1d44f072e5c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-009067.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-009067

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20250731

**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:** 251335200

**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 Pennsylvania Municipal Income Fund (Series ID: S000004853)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000013145 | Eaton Vance Pennsylvania Municipal Income Fund Class A | ETPAX           |
| C000013147 | Eaton Vance Pennsylvania Municipal Income Fund Class C | ECPAX           |
| C000063951 | Eaton Vance Pennsylvania Municipal Income Fund Class I | EIPAX           |

## 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 Pennsylvania Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000004853

- **c. LEI of Series:** 549300987Z8SO1QP5U15

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $170420111.34

**Total Liabilities:** $8965695.14

**Net Assets:** $161454416.20

**Delayed Delivery Securities:** $8181063.92

**Cash Not Reported:** $4157751.43

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -294.78000000 | **1-Year:** -4572.09000000 | **5-Year:** -22125.84000000 | **10-Year:** -64189.09000000 | **30-Year:** -26276.91000000

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

- **3-Month:** -22.35000000 | **1-Year:** -782.80000000 | **5-Year:** -2397.84000000 | **10-Year:** -3528.71000000 | **30-Year:** -1163.53000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013147 | -0.78%               | 0.52%                | -0.92%               |
| Class ID C000013145 | -0.75%               | 0.59%                | -0.76%               |
| Class ID C000063951 | -0.73%               | 0.60%                | -0.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18903.39               | $-1639173.11                               |
| Month 2  | $-4448.87                | $438295.48                                 |
| Month 3  | $-296909.26              | $-1541991.49                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Montgomery County Industrial Development Authority/PA                   | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609G42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999580.80    | 0.62%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526Q2V3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1119798.81   | 0.69%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JHT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002983.50   | 0.62%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                  | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963591.50    | 0.60%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Luzerne County Industrial Development Authority                         | LUZERNE CNTY PA INDL DEV AUTH                                | CUSIP: 550728AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $664426.58    | 0.41%             | 2039-12-01      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                      | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LHA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055351.00   | 0.65%             | 2041-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Central Dauphin School District                                         | CENTRAL DAUPHIN PA SCH DIST                                  | CUSIP: 153300YR3<br>LEI: 549300B7BTSSV63QDZ15 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1162366.76   | 0.72%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4297.40      | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                  | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045S61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1065178.89   | 0.66%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Muhlenberg School District                                              | MUHLENBERG PA SCH DIST                                       | CUSIP: 624805SP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997000.00    | 0.62%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                        | SCRANTON-LACKAWANNA PA HLTH & WELFARE AUTH                   | CUSIP: 810694Q28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $701134.22    | 0.43%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Municipal Authority                                 | WESTMORELAND CNTY PA MUNI AUTH                               | CUSIP: 961017SF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1264830.25   | 0.78%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware County Authority                                               | DELAWARE CNTY PA AUTH                                        | CUSIP: 246003NF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1075257.68   | 0.67%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                    | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TRW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1751023.80   | 1.08%             | 2051-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                    | ALLEGHENY CNTY PA HGR EDU BLDG AUTH UNIV REVENUE             | CUSIP: 01728RES4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $525000.00    | 0.33%             | 2037-12-01      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99994.97     | 0.06%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                               | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 71783MAZ8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2973149.40   | 1.84%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225JB3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990559.60   | 1.23%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority           | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1691953.90   | 1.05%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                    | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TRY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $792088.52    | 0.49%             | 2054-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                               | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 71783MDE2<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532217.60   | 0.95%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2533000 | PA      | $2318496.44   | 1.44%             | 2058-07-01      | 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      | $814650.23    | 0.50%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555922.70   | 0.96%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Centre County Hospital Authority                                        | CENTRE CNTY PA HOSP AUTH                                     | CUSIP: 156273GG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1319735.34   | 0.82%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                         | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A4A1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1737687.72   | 1.08%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                   | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 61360PCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $171072.62    | 0.11%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                           | BUCKS CNTY PA INDL DEV AUTH                                  | CUSIP: 118612LW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $452825.63    | 0.28%             | 2043-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                     | GEISINGER PA AUTH HLTH SYS REVENUE                           | CUSIP: 368497JT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1868816.20   | 1.16%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Muhlenberg School District                                              | MUHLENBERG PA SCH DIST                                       | CUSIP: 624805RR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000014.00   | 0.62%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bethlehem Redevelopment Authority                                       | BETHLEHEM PA REDEV AUTH UNIV REVENUE                         | CUSIP: 087470AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $55503.64     | 0.03%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clairton Municipal Authority                                            | CLAIRTON PA MUNI AUTH SWR REVENUE                            | CUSIP: 179630CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1653708.06   | 1.02%             | 2042-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| University of Pittsburgh-of the Commonwealth System of Higher Education | UNIV OF PITTSBURGH PA OF THE CMWLTH SYS OF HGR EDU           | CUSIP: 91335VJP2<br>LEI: 5493002C83QSGL8ETT42 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1326079.65   | 0.82%             | 2044-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     24000 | PA      | $22492.80     | 0.01%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                          | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NMD8<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1225911.90   | 0.76%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mckeesport Area School District                                         | MCKEESPORT PA AREA SCH DIST                                  | CUSIP: 581408VU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2309237.29   | 1.43%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                           | BUCKS CNTY PA INDL DEV AUTH                                  | CUSIP: 118612NZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $704437.67    | 0.44%             | 2038-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                      | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LHB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047425.00   | 0.65%             | 2042-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                      | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893Z79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2468605.21   | 1.53%             | 2047-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                     | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QUL5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521278.55   | 0.94%             | 2051-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                    | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917S6Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1682026.80   | 1.04%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                          | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNJ4<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    775000 | PA      | $743941.95    | 0.46%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                     | PENNSYLVANIA ST HSG FIN AGY MF HSG REVENUE                   | CUSIP: 708797BG9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999661.80    | 0.62%             | 2041-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                        | SCRANTON-LACKAWANNA PA HLTH & WELFARE AUTH                   | CUSIP: 810694Q44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $751350.18    | 0.47%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bethlehem Redevelopment Authority                                       | BETHLEHEM PA REDEV AUTH UNIV REVENUE                         | CUSIP: 087470BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1567415.68   | 0.97%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority/PA                     | FRANKLIN CNTY PA INDL DEV AUTH REVENUE                       | CUSIP: 353273BR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $823072.58    | 0.51%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canon Mcmillan School District                                          | CANON MCMILLAN PA SCH DIST                                   | CUSIP: 138010A86<br>LEI: 549300TSKWVTE3ZD5Z12 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039185.80   | 1.26%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                 | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817XZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2924946.60   | 1.81%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                           | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                 | CUSIP: 514350AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1173216.48   | 0.73%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | PENNSYLVANIA ST ECON DEV FINGAUTH UPMC REVENUE               | CUSIP: 70870JGS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1650336.27   | 1.02%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                  | STATE PUBLIC SCH BLDG AUTH PA COLLEGE REV                    | CUSIP: 85732NBK0<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $863256.61    | 0.53%             | 2048-10-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                 | LEHIGH CNTY PA GEN PURPOSE AUTH CHRT SCH REVENUE             | CUSIP: 52480EAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3445000 | PA      | $2567451.71   | 1.59%             | 2057-06-01      | Fixed         | 4.00%                 | 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      | $195425.32    | 0.12%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 7092248P7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 1.24%             | 2039-12-01      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| Lancaster School District                                               | LANCASTER PA SCH DIST                                        | CUSIP: 514383WT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $59421.88     | 0.04%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                     | ALLEGHENY CNTY PA SAN AUTH                                   | CUSIP: 017357A61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010451.20   | 1.25%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                      | S ESTRN PA TRANSPRTN AUTH                                    | CUSIP: 842039FR5<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2359416.72   | 1.46%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tamaqua Boro Authority                                                  | TAMAQUA BORO PA AUTH                                         | CUSIP: 874891DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1321551.75   | 0.82%             | 2044-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Haverford Township School District                                      | HAVERFORD TWP PA SCH DIST                                    | CUSIP: 419434TE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $534256.85    | 0.33%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                      | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LFK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4757.46      | 0.00%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Valley Regional Finance Authority                              | DELAWARE VLY PA REGL FIN AUTH                                | CUSIP: 246579GC4<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5185752.75   | 3.21%             | 2032-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority/PA                     | FRANKLIN CNTY PA INDL DEV AUTH REVENUE                       | CUSIP: 353273BU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $455617.75    | 0.28%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $43497.17     | 0.03%             | 2033-07-01      | 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: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     34000 | PA      | $29622.44     | 0.02%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224QG7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    820000 | PA      | $820039.85    | 0.51%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PQC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2467597.73   | 1.53%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                       | PENNSYLVANIA ST UNIV                                         | CUSIP: 709235F59<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2878835.25   | 1.78%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton County Industrial Development Authority                     | NORTHAMPTON CNTY PA INDL DEV AUTH RESOURCE RECOVERY REVENUE  | CUSIP: 663547AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1323435 | PA      | $582311.40    | 0.36%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                        | SCRANTON-LACKAWANNA PA HLTH & WELFARE AUTH                   | CUSIP: 810694Q36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $730195.09    | 0.45%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cornwall Lebanon School District                                        | CORNWALL LEBANON PA SCH DIST                                 | CUSIP: 219521TW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1093858.13   | 0.68%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Parkland School District                                                | PARKLAND PA SCH DIST                                         | CUSIP: 701383G62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1109447.35   | 0.69%             | 2049-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                         | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $811689.92    | 0.50%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Valley Regional Finance Authority                              | DELAWARE VLY PA REGL FIN AUTH                                | CUSIP: 246579LZ7<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4750000.00   | 2.94%             | 2059-09-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                             | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $529536.05    | 0.33%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority/PA                     | FRANKLIN CNTY PA INDL DEV AUTH REVENUE                       | CUSIP: 353273BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $466418.00    | 0.29%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                      | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LKW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4765000 | PA      | $4847032.81   | 3.00%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     43000 | PA      | $34306.78     | 0.02%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 7092237Q8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2110488.40   | 1.31%             | 2038-12-01      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225FM3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1084079.36   | 0.67%             | 2041-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                        | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV    | CUSIP: 20282EAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3032442.77   | 1.88%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                     | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QTZ6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    790000 | PA      | $784865.00    | 0.49%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clairton Municipal Authority                                            | CLAIRTON PA MUNI AUTH SWR REVENUE                            | CUSIP: 179630DM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929287.20    | 0.58%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                            | PENNSYLVANIA ST                                              | CUSIP: 70914P2S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2400285.30   | 1.49%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northampton County General Purpose Authority                            | NORTHAMPTON CNTY PA GEN PURPOSE AUTH HOSP REVENUE            | CUSIP: 66353RDE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1192958.58   | 0.74%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                           | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                 | CUSIP: 514350AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949002.60    | 0.59%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Lebanon School District                                        | NTHRN LEBANON PA SCH DIST                                    | CUSIP: 665337NU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $1808978.79   | 1.12%             | 2042-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Lehigh PA                                                     | LEHIGH CNTY PA GEN PURPOSE HOSP REVENUE                      | CUSIP: 52480GDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1633306.80   | 1.01%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Lehman School District                                             | LAKE LEHMAN PA SCH DIST                                      | CUSIP: 510080JQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1285759.79   | 0.80%             | 2026-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bethel Park School District                                             | BETHEL PARK PA SCH DIST                                      | CUSIP: 087059NL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2185698.27   | 1.35%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority/PA                     | FRANKLIN CNTY PA INDL DEV AUTH REVENUE                       | CUSIP: 353273BV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $452368.05    | 0.28%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $155595.05    | 0.10%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2920000 | PA      | $2931831.55   | 1.82%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Water and Sewer Authority                                  | BUCKS CNTY PA WTR & SWR AUTH SWR SYS REVENUE                 | CUSIP: 118683JY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $672273.05    | 0.42%             | 2047-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                      | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304XA2<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4421385.08   | 2.74%             | 2047-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Allegheny PA                                                  | ALLEGHENY CNTY PA                                            | CUSIP: 01728VUF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1707545.58   | 1.06%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                 | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817TP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249728.25    | 0.15%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JFN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $814475.00    | 0.50%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                         | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A3Z7<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1491638.05   | 0.92%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hopewell Area School District                                           | HOPEWELL PA AREA SCH DIST                                    | CUSIP: 439624EB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $681436.79    | 0.42%             | 2026-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Adams County General Authority                                          | ADAMS CNTY PA GEN AUTH REV                                   | CUSIP: 006114AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2688585.90   | 1.67%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Muhlenberg School District                                              | MUHLENBERG PA SCH DIST                                       | CUSIP: 624805SQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997902.50    | 0.62%             | 2055-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                 | PHILADELPHIA PA                                              | CUSIP: 717813B65<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    500000 | PA      | $526311.65    | 0.33%             | 2044-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chester County Health and Education Facilities Authority                | CHESTER CNTY PA HLTH & EDU FACS AUTH HLTH SYS REVENUE        | CUSIP: 16557HEA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1112919.04   | 0.69%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                         | CHESTER CNTY PA INDL DEV AUTHSTUDENT HSG REVENUE             | CUSIP: 16559PBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2109905.75   | 1.31%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                 | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603G94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1715875.24   | 1.06%             | 2057-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    402000 | PA      | $92620.16     | 0.06%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                     | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QKD4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $884315.07    | 0.55%             | 2045-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Middletown Area School District                                         | MIDDLETOWN PA SCH DIST                                       | CUSIP: 597212RW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1166518.97   | 0.72%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                     | GEISINGER PA AUTH HLTH SYS REVENUE                           | CUSIP: 368497HP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $235428.41    | 0.15%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                 | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817XP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057844.00   | 0.66%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton County Industrial Development Authority                     | NORTHAMPTON CNTY PA INDL DEV AUTH RESOURCE RECOVERY REVENUE  | CUSIP: 663547AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    728972 | PA      | $131214.96    | 0.08%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225HZ2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1276867.41   | 0.79%             | 2044-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $785298.00    | 0.49%             | 2039-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942705.80    | 0.58%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                    | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917S4W0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2136362.58   | 1.32%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                        | CMWLTH FING AUTH PA                                          | CUSIP: 20281PKT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1363166.70   | 0.84%             | 2038-06-01      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                               | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 71783MCL7<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.93%             | 2031-08-01      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                     | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 7087962H9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928301.70    | 0.57%             | 2036-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Centre County Hospital Authority                                        | CENTRE CNTY PA HOSP AUTH                                     | CUSIP: 156273HE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $425647.95    | 0.26%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue              | PENNSYLVANIA ST TURNPIKE COMMISSION OIL FRANCHISE TAX REVENU | CUSIP: 709221WU5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $817712.30    | 0.51%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pleasant Valley School District/PA                                      | PLEASANT VLY PA SCH DIST                                     | CUSIP: 728776WN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $242178.05    | 0.15%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                     | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QSV6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986095.00    | 0.61%             | 2038-10-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Central Bucks School District                                           | CENTRL BUCKS PA SCH DIST                                     | CUSIP: 152735A22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $663693.62    | 0.41%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                       | PHILADELPHIA PA AUTH FOR INDL DEV HOSP REVENUE               | CUSIP: 717901CA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1665930.73   | 1.03%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-15

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer