# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-23-014879
**Filing Date:** 2023-1
**Character Count:** 96618
**Document Hash:** 577c20f8e7d0b84b61a0634419104953
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014879.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014879

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230831

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04409
- **FILM NUMBER:** 23557036

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

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

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

## Series and Classes Contracts Data

### Eaton Vance North Carolina Municipal Income Fund (Series ID: S000004850)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000013136 | Eaton Vance North Carolina Municipal Income Fund Class A | ETNCX           |
| C000013138 | Eaton Vance North Carolina Municipal Income Fund Class C | ECNCX           |
| C000063950 | Eaton Vance North Carolina Municipal Income Fund Class I | EINCX           |

## Nport-Ex

Eaton Vance<br>

North Carolina Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited)

------

Corporate Bonds — 0.4%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital — 0.4% | Hospital — 0.4% | Hospital — 0.4% |
| Harnett Health System, Inc., 4.25% to 4/1/25 (Put Date), 4/1/32 | $&nbsp;&nbsp;&nbsp;&nbsp;715 | &nbsp;&nbsp;$704275 |
| Total Corporate Bonds<br> (identified cost $715,315) |  | &nbsp;&nbsp;**$704275** |

---

Tax-Exempt Municipal Obligations — 96.1%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 9.2% | Education — 9.2% | Education — 9.2% |
| North Carolina Capital Facilities Finance Agency, (Duke University): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/39 | $1300 | &nbsp;&nbsp;$1314105 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2116960 |
| North Carolina Capital Facilities Finance Agency, (High Point University), 5.00%, 5/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 322089 |
| North Carolina Capital Facilities Finance Agency, (Wake Forest University), 5.00%, 1/1/27 | 2860 | &nbsp;&nbsp;&nbsp;&nbsp; 3082851 |
| University of North Carolina at Chapel Hill, 3.196%, (67% of SOFR + 0.65%), 6/1/25 (Put Date), 12/1/41<sup>(1)</sup> | 2700 | &nbsp;&nbsp;&nbsp;&nbsp; 2668491 |
| University of North Carolina at Charlotte: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;770 | &nbsp;&nbsp;&nbsp;&nbsp; 783737 |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 237540 |
| University of North Carolina at Greensboro: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1022330 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;660 | &nbsp;&nbsp;&nbsp;&nbsp; 677490 |
| University of North Carolina at Wilmington, 4.00%, 10/1/36 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1507635 |
| Western Carolina University, NC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 959770 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1070750 |
|  |  | &nbsp;&nbsp;**$15763748** |
| Electric Utilities — 0.1% | Electric Utilities — 0.1% | Electric Utilities — 0.1% |
| Greenville, NC, Combined Enterprise System Revenue, 4.00%, 5/1/32 | $&nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;$204733 |
|  |  | &nbsp;&nbsp;**$204733** |
| Escrowed/Prerefunded — 4.8% | Escrowed/Prerefunded — 4.8% | Escrowed/Prerefunded — 4.8% |
| Durham Capital Financing Corp., NC, Prerefunded to 6/1/23, 5.00%, 6/1/38 | $1000 | &nbsp;&nbsp;$1012550 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Escrowed/Prerefunded (continued) | Escrowed/Prerefunded (continued) | Escrowed/Prerefunded (continued) |
| New Hanover County, NC, (New Hanover Regional Medical Center): |  |  |
| &nbsp;&nbsp;&nbsp;Prerefunded to 10/1/27, 5.00%, 10/1/30 | $&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$276338 |
| &nbsp;&nbsp;&nbsp;Prerefunded to 10/1/27, 5.00%, 10/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1105350 |
| North Carolina Medical Care Commission, (United Church Homes and Services), Prerefunded to 9/1/23, 5.00%, 9/1/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1047390 |
| North Carolina Medical Care Commission, (United Methodist Retirement Homes), Prerefunded to 10/1/23, 5.00%, 10/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;635 | &nbsp;&nbsp;&nbsp;&nbsp; 665950 |
| North Carolina Medical Care Commission, (Vidant Health), Prerefunded to 6/1/25, 5.00%, 6/1/31 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2112800 |
| North Carolina State University at Raleigh, Prerefunded to 10/1/23, 5.00%, 10/1/42 | 1140 | &nbsp;&nbsp;&nbsp;&nbsp; 1163039 |
| Winston-Salem, NC, Prerefunded to 6/1/24, 5.00%, 6/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 776730 |
|  |  | &nbsp;&nbsp;**$8160147** |
| General Obligations — 18.0% | General Obligations — 18.0% | General Obligations — 18.0% |
| Brunswick County, NC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/31 | $1000 | &nbsp;&nbsp;$1082140 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/37 | 1605 | &nbsp;&nbsp;&nbsp;&nbsp; 1669890 |
| Charlotte, NC, 5.00%, 6/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1141020 |
| Durham County, NC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/24 | 3095 | &nbsp;&nbsp;&nbsp;&nbsp; 3161512 |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/33 | 1785 | &nbsp;&nbsp;&nbsp;&nbsp; 1898347 |
| Durham, NC, 5.00%, 7/1/25 | 2785 | &nbsp;&nbsp;&nbsp;&nbsp; 2954077 |
| Forsyth County, NC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;735 | &nbsp;&nbsp;&nbsp;&nbsp; 774102 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/1/31 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1133670 |
| Greensboro, NC: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp; 667934 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/28 | 1790 | &nbsp;&nbsp;&nbsp;&nbsp; 1938838 |
| North Carolina: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/23 | 3260 | &nbsp;&nbsp;&nbsp;&nbsp; 3302054 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/30 | 1530 | &nbsp;&nbsp;&nbsp;&nbsp; 1744628 |
| Pender County, NC, 5.00%, 3/1/27 | 1015 | &nbsp;&nbsp;&nbsp;&nbsp; 1088506 |
| Puerto Rico, 5.625%, 7/1/29 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1281313 |
| Randolph County, NC, Limited Obligation Bonds: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1007070 |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 502280 |
| Wake County, NC, 5.00%, 4/1/25 | 1220 | &nbsp;&nbsp;&nbsp;&nbsp; 1287259 |
| Watauga County, NC, Limited Obligation Bonds, 5.25%, 6/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1139480 |
| Wilmington, NC, Limited Obligation Bonds: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 156410 |

---

------

Eaton Vance<br>

North Carolina Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Wilmington, NC, Limited Obligation Bonds: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/37 | $&nbsp;&nbsp;&nbsp;&nbsp;690 | &nbsp;&nbsp;$708782 |
| Winston-Salem, NC, 4.00%, 6/1/29 | 1925 | &nbsp;&nbsp;&nbsp;&nbsp; 2008949 |
|  |  | &nbsp;&nbsp;**$30648261** |
| Hospital — 10.7% | Hospital — 10.7% | Hospital — 10.7% |
| Charlotte-Mecklenburg Hospital Authority, NC, (Atrium Health): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 1/15/29 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$556990 |
| &nbsp;&nbsp;&nbsp;5.00% to 12/1/28 (Put Date), 1/15/50 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1656750 |
| &nbsp;&nbsp;&nbsp;5.00% to 12/1/31 (Put Date), 1/15/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1110360 |
| North Carolina Medical Care Commission, (CaroMont Health), 4.00%, 2/1/36 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1358761 |
| North Carolina Medical Care Commission, (Novant Health Obligated Group), 4.00%, 11/1/52 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp; 3187170 |
| North Carolina Medical Care Commission, (Rex Healthcare, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 980650 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/32 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1041220 |
| Spartanburg Regional Health Services District, Inc., SC, 5.00%, 4/15/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1075440 |
| University of North Carolina Hospitals at Chapel Hill: |  |  |
| &nbsp;&nbsp;&nbsp;(SPA: TD Bank, N.A.), 1.86%, 2/1/24<sup>(2)</sup> | 1135 | &nbsp;&nbsp;&nbsp;&nbsp; 1135000 |
| &nbsp;&nbsp;&nbsp;(SPA: TD Bank, N.A.), 1.86%, 2/1/29<sup>(2)</sup> | 6195 | &nbsp;&nbsp;&nbsp;&nbsp; 6195000 |
|  |  | &nbsp;&nbsp;**$18297341** |
| Housing — 0.9% | Housing — 0.9% | Housing — 0.9% |
| North Carolina Housing Finance Agency, Social Bonds, (FHLMC), (FNMA), (GNMA), 4.875%, 7/1/42 | $1000 | &nbsp;&nbsp;$1017870 |
| North Carolina Housing Finance Agency, (FHLMC), (FNMA), (GNMA), 2.00%, 7/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;690 | &nbsp;&nbsp;&nbsp;&nbsp; 548281 |
|  |  | &nbsp;&nbsp;**$1566151** |
| Industrial Development Revenue — 0.9% | Industrial Development Revenue — 0.9% | Industrial Development Revenue — 0.9% |
| Columbus County Industrial Facilities & Pollution Control Financing Authority, NC, (International Paper Co.), (AMT), 2.10% to 10/1/24 (Put Date), 3/1/27 | $1500 | &nbsp;&nbsp;$1445265 |
|  |  | &nbsp;&nbsp;**$1445265** |
| Insured - Education — 0.0%<sup>(3)</sup> | Insured - Education — 0.0%<sup>(3)</sup> | Insured - Education — 0.0%<sup>(3)</sup> |
| University of North Carolina, (AGC), 5.00%, 10/1/33 | $&nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;$35030 |
|  |  | &nbsp;&nbsp;**$35030** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Electric Utilities — 0.8% | Insured - Electric Utilities — 0.8% | Insured - Electric Utilities — 0.8% |
| Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/34 | $1335 | &nbsp;&nbsp;$1326923 |
|  |  | &nbsp;&nbsp;**$1326923** |
| Insured - Transportation — 4.2% | Insured - Transportation — 4.2% | Insured - Transportation — 4.2% |
| Greater Asheville Regional Airport Authority, NC: |  |  |
| &nbsp;&nbsp;&nbsp;(AGM), (AMT), 5.00%, 7/1/27 | $&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;$789465 |
| &nbsp;&nbsp;&nbsp;(AGM), (AMT), 5.00%, 7/1/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1062310 |
| &nbsp;&nbsp;&nbsp;(AGM), (AMT), 5.00%, 7/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1069490 |
| North Carolina Turnpike Authority, (Triangle Expressway System), (AGC), 0.00%, 1/1/35 | 6500 | &nbsp;&nbsp;&nbsp;&nbsp; 3846440 |
| Puerto Rico Highway and Transportation Authority, (AGC), 5.25%, 7/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp;&nbsp;&nbsp; 435552 |
|  |  | &nbsp;&nbsp;**$7203257** |
| Lease Revenue/Certificates of Participation — 17.5% | Lease Revenue/Certificates of Participation — 17.5% | Lease Revenue/Certificates of Participation — 17.5% |
| Asheville, NC, 5.00%, 4/1/25 | $1530 | &nbsp;&nbsp;$1612926 |
| Buncombe County, NC: |  |  |
| &nbsp;&nbsp;&nbsp;Prerefunded to 6/1/24, 5.00%, 6/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 776730 |
| &nbsp;&nbsp;&nbsp;Prerefunded to 6/1/24, 5.00%, 6/1/31 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1035640 |
| Buncombe County, NC, Limited Obligation Bonds: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp; 105160 |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 156410 |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 155274 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp; 114612 |
| Cabarrus County, NC, Limited Obligation Bonds: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/28 | 2600 | &nbsp;&nbsp;&nbsp;&nbsp; 2869104 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1073650 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/30 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1073250 |
| Charlotte, NC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1047670 |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1014730 |
| Charlotte, NC, (Convention Facility), 4.00%, 6/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp; 887889 |
| Dare County, NC, Limited Obligation Bonds, 4.00%, 6/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 209638 |
| Davidson County, NC, Limited Obligation Bonds, 5.00%, 6/1/31 | 2010 | &nbsp;&nbsp;&nbsp;&nbsp; 2155383 |
| Durham Capital Financing Corp., NC, 5.00%, 10/1/31 | 1170 | &nbsp;&nbsp;&nbsp;&nbsp; 1304971 |
| Johnston County Finance Corp., NC, 4.00%, 4/1/36 | 1015 | &nbsp;&nbsp;&nbsp;&nbsp; 1041928 |
| Mooresville, NC, Limited Obligation Bonds: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp; 190382 |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;145 | &nbsp;&nbsp;&nbsp;&nbsp; 154334 |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp; 137998 |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 158533 |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp; 135807 |

---

------

Eaton Vance<br>

North Carolina Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) |
| North Carolina Turnpike Authority, (Monroe Expressway System), 5.00%, 7/1/39 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$559385 |
| North Carolina, Limited Obligation Bonds: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 5/1/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 945840 |
| &nbsp;&nbsp;&nbsp;4.00%, 5/1/33 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1051120 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/26 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp; 3769500 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/29 | 2820 | &nbsp;&nbsp;&nbsp;&nbsp; 3077804 |
| Orange County Public Facilities Co., NC, 4.00%, 10/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 419160 |
| Scotland County, NC, Limited Obligation Bonds: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 543865 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;&nbsp;&nbsp; 59549 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 268775 |
| Wake County, NC, Limited Obligation Bonds, 5.00%, 9/1/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1110410 |
| Wayne County, NC, Limited Obligation Bonds, 5.00%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 546840 |
|  |  | &nbsp;&nbsp;**$29764267** |
| Other Revenue — 1.2% | Other Revenue — 1.2% | Other Revenue — 1.2% |
| Durham County Industrial Facilities & Pollution Control Financing Authority, NC, (Research Triangle Institute): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/24 | $1000 | &nbsp;&nbsp;$1025160 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/25 | 1035 | &nbsp;&nbsp;&nbsp;&nbsp; 1082165 |
|  |  | &nbsp;&nbsp;**$2107325** |
| Senior Living/Life Care — 5.1% | Senior Living/Life Care — 5.1% | Senior Living/Life Care — 5.1% |
| North Carolina Medical Care Commission, (Deerfield Episcopal Retirement Community, Inc.), 5.00%, 11/1/31 | $2000 | &nbsp;&nbsp;$2118360 |
| North Carolina Medical Care Commission, (EveryAge), 4.00%, 9/1/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 752150 |
| North Carolina Medical Care Commission, (Galloway Ridge), 5.00%, 1/1/30 | 1310 | &nbsp;&nbsp;&nbsp;&nbsp; 1258583 |
| North Carolina Medical Care Commission, (Pennybyrn at Maryfield), 5.00%, 10/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 577344 |
| North Carolina Medical Care Commission, (Plantation Village, Inc.), 4.00%, 1/1/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 832510 |
| North Carolina Medical Care Commission, (The Forest at Duke): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 9/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp; 331914 |
| &nbsp;&nbsp;&nbsp;4.00%, 9/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp; 343319 |
| &nbsp;&nbsp;&nbsp;4.00%, 9/1/41 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 974216 |
| North Carolina Medical Care Commission, (The Pines at Davidson), 5.00%, 1/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1009780 |
| North Carolina Medical Care Commission, (Twin Lakes Community), 5.00%, 1/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;595 | &nbsp;&nbsp;&nbsp;&nbsp; 579840 |
|  |  | &nbsp;&nbsp;**$8778016** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Solid Waste — 0.6% | Solid Waste — 0.6% | Solid Waste — 0.6% |
| Mecklenburg County, NC, Special Obligation, 5.00%, 1/1/26 | $1000 | &nbsp;&nbsp;$1001870 |
|  |  | &nbsp;&nbsp;**$1001870** |
| Special Tax Revenue — 1.2% | Special Tax Revenue — 1.2% | Special Tax Revenue — 1.2% |
| American Samoa Economic Development Authority, 5.00%, 9/1/38<sup>(4)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$300813 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1660418 |
|  |  | &nbsp;&nbsp;**$1961231** |
| Transportation — 12.7% | Transportation — 12.7% | Transportation — 12.7% |
| Charlotte, NC, (Charlotte Douglas International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/25 | $&nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;$923405 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1093550 |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 7/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp; 615258 |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 7/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 968490 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/34 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp; 1239815 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp; 562408 |
| North Carolina Turnpike Authority, (Triangle Expressway System): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/33 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2083900 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/40 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2539125 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 507335 |
| North Carolina, Grant Anticipation Revenue Vehicle Bonds, 5.00%, 3/1/33 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4463960 |
| Raleigh-Durham Airport Authority, NC: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 531520 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/1/28 | 1510 | &nbsp;&nbsp;&nbsp;&nbsp; 1600645 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/1/35 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2393843 |
| &nbsp;&nbsp;&nbsp;Series 2017A, (AMT), 5.00%, 5/1/36 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2075280 |
|  |  | &nbsp;&nbsp;**$21598534** |
| Water and Sewer — 8.2% | Water and Sewer — 8.2% | Water and Sewer — 8.2% |
| Brunswick County, NC, (Water and Wastewater Systems), 5.00%, 4/1/30 | $&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;$788768 |
| Brunswick County, NC, Enterprise Systems Revenue, 4.00%, 4/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 729722 |
| Buncombe County Metropolitan Sewerage District, NC: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;305 | &nbsp;&nbsp;&nbsp;&nbsp; 316297 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp; 560002 |
| Cape Fear Public Utility Authority, NC, Water and Sewer System Revenue, 5.00%, 8/1/29 | 1375 | &nbsp;&nbsp;&nbsp;&nbsp; 1485701 |
| Cary, NC, Combined Enterprise System Revenue, 5.00%, 12/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp; 748737 |
| Charlotte, NC, Storm Water Fee Revenue, 3.00%, 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 362592 |

---

------

Eaton Vance<br>

North Carolina Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Water and Sewer (continued) | Water and Sewer (continued) | Water and Sewer (continued) |
| Charlotte, NC, Water and Sewer System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/23 | $2000 | &nbsp;&nbsp;$2029480 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/31 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1176980 |
| Durham, NC, Utility System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 264475 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 285873 |
| Greensboro, NC, Combined Enterprise System Revenue, Green Bonds, 4.00%, 6/1/30 | 1065 | &nbsp;&nbsp;&nbsp;&nbsp; 1116514 |
| High Point, NC, Combined Enterprise System Revenue, 4.00%, 11/1/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1045740 |
| Lincoln County, NC, Enterprise System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 8/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 227690 |
| &nbsp;&nbsp;&nbsp;3.00%, 8/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 170500 |
| &nbsp;&nbsp;&nbsp;3.00%, 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;160 | &nbsp;&nbsp;&nbsp;&nbsp; 132238 |
| Union County, NC, Enterprise Systems Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 836760 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;835 | &nbsp;&nbsp;&nbsp;&nbsp; 944151 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp; 816154 |
|  |  | &nbsp;&nbsp;**$14038374** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $169,531,938) |  | &nbsp;&nbsp;**$163900473** |

---

Taxable Municipal Obligations — 0.3%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation — 0.1% | Lease Revenue/Certificates of Participation — 0.1% | Lease Revenue/Certificates of Participation — 0.1% |
| Wilmington, NC, Limited Obligation Bonds, 2.03%, 6/1/30 | $&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;$166114 |
|  |  | &nbsp;&nbsp;**$166114** |
| Other Revenue — 0.2% | Other Revenue — 0.2% | Other Revenue — 0.2% |
| Greensboro, NC, (Coliseum Complex), 2.431%, 4/1/33 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$401570 |
|  |  | &nbsp;&nbsp;**$401570** |
| Total Taxable Municipal Obligations<br> (identified cost $700,000) |  | &nbsp;&nbsp;**$567684** |
| Total Investments — 96.8%<br> (identified cost $170,947,253) |  | &nbsp;&nbsp;**$165172432** |
| Other Assets, Less Liabilities — 3.2% |  | &nbsp;&nbsp;**$5392100** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$170564532** |

---

---

| | |
|:---|:---|
| 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 November 30, 2022. |
| <sup>(2)</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 November 30, 2022. |
| <sup>(3)</sup> | Amount is less than 0.05%. |
| <sup>(4)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At November 30, 2022, the aggregate value of these securities is $300,813 or 0.2% of the Fund's net assets. |
| The Fund invests primarily in debt securities issued by North Carolina municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At November 30, 2022, 5.2% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.8% to 2.6% of total investments. | The Fund invests primarily in debt securities issued by North Carolina municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At November 30, 2022, 5.2% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.8% to 2.6% of total investments. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AGC | – Assured Guaranty Corp. |
| AGM | – Assured Guaranty Municipal Corp. |
| AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| NPFG | – National Public Finance Guarantee Corp. |
| SOFR | – Secured Overnight Financing Rate |

---

------

Eaton Vance<br>

North Carolina Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

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

Fair Value Measurements

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| Corporate Bonds | &nbsp;&nbsp;$— | &nbsp;&nbsp;$704275 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$704275 |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;163900473 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;163900473 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 567684 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 567684 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$165172432** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$165172432** |

---

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

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

- **b. EDGAR series identifier (if any):** S000004850

- **c. LEI of Series:** 549300TRNSPMC6ISX220

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $171848709.02

**Total Liabilities:** $1627626.09

**Net Assets:** $170221082.93

**Delayed Delivery Securities:** $1003090.00

**Cash Not Reported:** $752924.59

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -291.75000000 | **1-Year:** -7141.04000000 | **5-Year:** -30279.67000000 | **10-Year:** -33361.40000000 | **30-Year:** -4658.12000000

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

- **3-Month:** -5.49000000 | **1-Year:** -143.54000000 | **5-Year:** -1536.21000000 | **10-Year:** -1334.47000000 | **30-Year:** -474.68000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013138 | -3.33%               | -0.58%               | 3.58%                |
| Class ID C000013136 | -3.17%               | -0.57%               | 3.66%                |
| Class ID C000063950 | -3.26%               | -0.55%               | 3.79%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-159108.14              | $-5788720.56                               |
| Month 2  | $-397026.19              | $-823779.38                                |
| Month 3  | $0.00                    | $5862824.20                                |

**Designated Index Information**

- **Index Name:** BBG Municipal Bd

- **Index Identifier:** MBINDEX

### Schedule of Portfolio Investments

| Name                                                                          | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DSH5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2112800.00   | 1.24%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Randolph NC                                                         | RANDOLPH CNTY NC LTD OBLIG                                   | CUSIP: 752598DA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007070.00   | 0.59%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Durham NC                                                             | DURHAM NC                                                    | CUSIP: 266778HQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2954077.35   | 1.74%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority                                              | RALEIGH DURHAM NC ARPT AUTH ARPT REVENUE                     | CUSIP: 751073MD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2393842.50   | 1.41%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Durham NC Water & Sewer Utility System Revenue                        | DURHAM NC UTILITY SYS REVENUE                                | CUSIP: 266818CG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264475.00    | 0.16%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Mooresville NC                                                        | MOORESVILLE NC LTD OBLIG                                     | CUSIP: 616126BG2<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |    130000 | PA      | $137997.60    | 0.08%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                          | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036SZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093550.00   | 0.64%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cabarrus NC                                                         | CABARRUS CNTY NC LTD OBLIG                                   | CUSIP: 12677RBT3<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073650.00   | 0.63%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YNV4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    635000 | PA      | $665949.90    | 0.39%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cabarrus NC                                                         | CABARRUS CNTY NC LTD OBLIG                                   | CUSIP: 12677RCM7<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1753424.00   | 1.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                       | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QEH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945840.00    | 0.56%             | 2034-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                              | NORTH CAROLINA ST CAPITAL FACS FIN AGY EDUCTNL FACS REVENUE  | CUSIP: 65818PNH8<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    300000 | PA      | $322089.00    | 0.19%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Winston-Salem NC                                                      | WINSTON SALEM NC                                             | CUSIP: 975673BF0<br>LEI: 549300AUJB2WE4FMLE24 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2008949.25   | 1.18%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Asheville NC                                                          | ASHEVILLE NC SPL OBLG                                        | CUSIP: 044072AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1612926.00   | 0.95%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YRQ1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    600000 | PA      | $577344.00    | 0.34%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                              | NORTH CAROLINA ST CAPITAL FACS FIN AGY EDUCTNL FACS REVENUE  | CUSIP: 65818PKG3<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   2860000 | PA      | $3082851.20   | 1.81%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                       | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QDQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051120.00   | 0.62%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Greensboro NC                                                         | GREENSBORO NC LIMITED OBLIG                                  | CUSIP: 395476FH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $401570.00    | 0.24%             | 2033-04-01      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| County of Durham NC                                                           | DURHAM CNTY NC                                               | CUSIP: 266705S45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3095000 | PA      | $3161511.55   | 1.86%             | 2024-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Union NC Enterprise System Revenue                                  | UNION CNTY NC ENTERPRISE SYS REVENUE                         | CUSIP: 906400FN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $836760.00    | 0.49%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                          | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036SX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $923405.00    | 0.54%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Storm Water Revenue                                      | CHARLOTTE NC STORM WTR FEE REVENUE                           | CUSIP: 16104PGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $362592.00    | 0.21%             | 2036-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Brunswick NC                                                        | BRUNSWICK CNTY NC                                            | CUSIP: 117061XQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1669890.15   | 0.98%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                          | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036NE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $562408.00    | 0.33%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pender NC                                                           | PENDER CNTY NC                                               | CUSIP: 706711GW2<br>LEI: 549300TW9ZHCIKDLQB34 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1088506.30   | 0.64%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                             | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RAR0<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $3846440.00   | 2.26%             | 2035-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                  | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE             | CUSIP: 39160CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $789465.00    | 0.46%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                             | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RCK3<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2539125.00   | 1.49%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                         | BUNCOMBE CNTY NC LTD OBLIG                                   | CUSIP: 120525HJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155274.00    | 0.09%             | 2036-06-01      | 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: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1660417.50   | 0.98%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                             | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876EQ6<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110410.00   | 0.65%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                          | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036SK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1239815.00   | 0.73%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Dare NC                                                             | DARE CNTY NC LIMITED OBLIG                                   | CUSIP: 23720EDG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209638.00    | 0.12%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                  | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE             | CUSIP: 39160CAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069490.00   | 0.63%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Mooresville NC                                                        | MOORESVILLE NC LTD OBLIG                                     | CUSIP: 616126BL1<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |    215000 | PA      | $190382.50    | 0.11%             | 2038-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                              | NORTH CAROLINA ST CAPITAL FACS FIN AGY REVENUE               | CUSIP: 65819GLE6<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116960.00   | 1.24%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greenville Utilities Commission                                               | GREENVILLE NC UTILITIES COMMISSION COMB ENTERPRISE SYS REVEN | CUSIP: 396321DJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $204732.60    | 0.12%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Union NC Enterprise System Revenue                                  | UNION CNTY NC ENTERPRISE SYS REVENUE                         | CUSIP: 906400EX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $816154.25    | 0.48%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus County Industrial Facilities & Pollution Control Financing Authority | COLUMBUS CNTY NC INDL FACS & POLL CONTROL FING AUTH          | CUSIP: 199040AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1445265.00   | 0.85%             | 2027-03-01      | Floating      | 2.10%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                       | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268EE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4463960.00   | 2.62%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                   | UNIV OF NORTH CAROLINA NC HOSP CHAPEL HILL REVENUE           | CUSIP: 91471FAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6195000 | PA      | $6195000.00   | 3.64%             | 2029-02-01      | Floating      | 1.86%                 | No            |                  2 | On Loan: No      |
| Orange County Public Facilities Co                                            | ORANGE CNTY NC PUBLIC FACS COMPANY LIMITED OBLIG             | CUSIP: 684618CS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419160.00    | 0.25%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YQJ8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    595000 | PA      | $579839.40    | 0.34%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Scotland NC                                                         | SCOTLAND CNTY NC                                             | CUSIP: 809323AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59549.05     | 0.03%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Wilmington                                    | UNIV OF NORTH CAROLINA NC AT WILMINGTON                      | CUSIP: 914722SL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507635.00   | 0.89%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DUW9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2118360.00   | 1.24%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Winston-Salem NC                                                      | WINSTON SALEM NC LTD OBLG                                    | CUSIP: 975680DW6<br>LEI: 549300AUJB2WE4FMLE24 | Long             | DBT              | MUN               | US        |    750000 | PA      | $776730.00    | 0.46%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION HOSP REVENUE           | CUSIP: 65820HN82<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1358761.50   | 0.80%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                          | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036QT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $615258.00    | 0.36%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                             | NORTH CAROLINA ST TURNPIKE AUTH TRIANGLE EXPRESSWAY APPROP   | CUSIP: 65830VAA8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083900.00   | 1.22%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Brunswick NC                                                        | BRUNSWICK CNTY NC                                            | CUSIP: 117061WQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082140.00   | 0.64%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                  | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE     | CUSIP: 160853VD6<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110360.00   | 0.65%             | 2049-01-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DXG1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980650.00    | 0.58%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Durham County Industrial Facilities & Pollution Control Financing Authority   | DURHAM CNTY NC INDL FACS & POLL CONTROL FING AUTH REVENUE    | CUSIP: 266711AS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1082164.95   | 0.64%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                         | BUNCOMBE CNTY NC LTD OBLIG                                   | CUSIP: 120525DT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035640.00   | 0.61%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Durham Capital Financing Corp                                                 | DURHAM CAPITAL FING CORP LTD OBLG                            | CUSIP: 266780DE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1304971.20   | 0.77%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Forsyth NC                                                          | FORSYTH CNTY NC                                              | CUSIP: 346623HA2<br>LEI: 549300QZDXNB40E8SI64 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1133670.00   | 0.67%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Greensboro NC                                                         | GREENSBORO NC                                                | CUSIP: 3954602Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $667933.50    | 0.39%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                  | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE             | CUSIP: 39160CAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062310.00   | 0.62%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                         | BUNCOMBE CNTY NC LTD OBLIG                                   | CUSIP: 120525HH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156409.50    | 0.09%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Durham Capital Financing Corp                                                 | DURHAM CAPITAL FING CORP LTD OBLG                            | CUSIP: 266780BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012550.00   | 0.59%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                             | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830WAT5<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    500000 | PA      | $559385.00    | 0.33%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YQE9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009780.00   | 0.59%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                 | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                  | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300813.00    | 0.18%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Greensboro NC                                                         | GREENSBORO NC                                                | CUSIP: 3954603V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1938838.50   | 1.14%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSJ6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    370000 | PA      | $343319.30    | 0.20%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Greensboro                                    | UNIV OF NORTH CAROLINA NC AT GREENSBORO                      | CUSIP: 914719TF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $677490.00    | 0.40%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Johnston NC                                                         | JOHNSTON CNTY NC LTD OBLG                                    | CUSIP: 479354DW9<br>LEI: 5493003J6KNUY7E7SF98 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1041927.95   | 0.61%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSP2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $752150.00    | 0.44%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Cary NC Combined Utility Systems Revenue                              | CARY NC COMB ENTERPRISE SYS REVENUE                          | CUSIP: 147056GU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $748737.00    | 0.44%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                       | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QEV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3769500.00   | 2.21%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSR8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $832510.00    | 0.49%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina System                                           | UNIV OF NORTH CAROLINA NC SYS                                | CUSIP: 9147208R1<br>LEI: 5493004DU2QADMVXVR58 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35030.45     | 0.02%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buncombe County Metropolitan Sewerage District                                | BUNCOMBE CNTY NC MET SEWERAGEDIST SWR SYS REVENUE            | CUSIP: 120532JY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $560001.60    | 0.33%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                  | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE     | CUSIP: 160853VP9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    500000 | PA      | $556990.00    | 0.33%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                          | PUERTO RICO ELEC PWR AUTH PWR REVENUE                        | CUSIP: 74526QPS5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1326923.25   | 0.78%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Scotland NC                                                         | SCOTLAND CNTY NC                                             | CUSIP: 809323AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268775.00    | 0.16%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Watauga Public Facilities Corp                                                | WATAUGA NC PUBLIC FACS CORP                                  | CUSIP: 94109SBR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139480.00   | 0.67%             | 2040-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority                                              | RALEIGH DURHAM NC ARPT AUTH ARPT REVENUE                     | CUSIP: 751073LB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1600645.30   | 0.94%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                          | CHARLOTTE NC                                                 | CUSIP: 161035LF5<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1141020.00   | 0.67%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                       | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $3077804.40   | 1.81%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Brunswick NC Enterprise Systems Revenue                             | BRUNSWICK CNTY NC ENTERPRISE SYS REVENUE                     | CUSIP: 117068FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $788767.50    | 0.46%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Mooresville NC                                                        | MOORESVILLE NC LTD OBLIG                                     | CUSIP: 616126BH0<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158533.50    | 0.09%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of High Point NC Combined Water & Sewer System Revenue                   | HIGH POINT NC COMB ENTERPRISESYS REVENUE                     | CUSIP: 429749GL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045740.00   | 0.61%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Cabarrus NC                                                         | CABARRUS CNTY NC LTD OBLIG                                   | CUSIP: 12677RDC8<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115680.00   | 0.66%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                          | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036QU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968490.00    | 0.57%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSK3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $974216.25    | 0.57%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Randolph NC                                                         | RANDOLPH CNTY NC LTD OBLIG                                   | CUSIP: 752598DB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502280.00    | 0.30%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                                | PUERTO RICO HIGHWAY & TRANSPRTN AUTH TRANSPRTN REVENUE       | CUSIP: 745190R75<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | US        |    440000 | PA      | $435551.60    | 0.26%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                              | NORTH CAROLINA ST CAPITAL FACS FIN AGY REVENUE               | CUSIP: 65819GLC0<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1314105.00   | 0.77%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YQX7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1258582.50   | 0.74%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of New Hanover NC                                                      | NEW HANOVER CNTY NC HOSP REVENUE                             | CUSIP: 644804FB7<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |    250000 | PA      | $276337.50    | 0.16%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Durham County Industrial Facilities & Pollution Control Financing Authority   | DURHAM CNTY NC INDL FACS & POLL CONTROL FING AUTH REVENUE    | CUSIP: 266711AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025160.00   | 0.60%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                      | MECKLENBURG CNTY NC SPL OBLG                                 | CUSIP: 58400UAP2<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001870.00   | 0.59%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                   | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281312.50   | 0.75%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSH0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    355000 | PA      | $331914.35    | 0.19%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Lincoln NC Enterprise System Revenue                                | LINCOLN CNTY NC ENTERPRISE SYSREVENUE                        | CUSIP: 53334CBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $132238.40    | 0.08%             | 2040-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Cabarrus NC                                                         | CABARRUS CNTY NC LTD OBLIG                                   | CUSIP: 12677RBU0<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073250.00   | 0.63%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cape Fear Public Utility Authority                                            | CAPE FEAR NC PUBLIC UTILITY AUTH WTR & SWR SYS REVENUE       | CUSIP: 139391DU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1485701.25   | 0.87%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                          | CHARLOTTE NC COPS                                            | CUSIP: 161037Y75<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |    875000 | PA      | $887888.75    | 0.52%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                             | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045RL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1176980.00   | 0.69%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Mooresville NC                                                        | MOORESVILLE NC LTD OBLIG                                     | CUSIP: 616126BJ6<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |    130000 | PA      | $135807.10    | 0.08%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Wayne NC                                                            | WAYNE CNTY NC                                                | CUSIP: 945863PT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546840.00    | 0.32%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                         | BUNCOMBE CNTY NC LTD OBLIG                                   | CUSIP: 120525DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $776730.00    | 0.46%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                             | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RCN7<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507335.00    | 0.30%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buncombe County Metropolitan Sewerage District                                | BUNCOMBE CNTY NC MET SEWERAGEDIST SWR SYS REVENUE            | CUSIP: 120532JW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $316297.20    | 0.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                   | UNIV OF NORTH CAROLINA NC AT CHAPEL HILL  REVENUE            | CUSIP: 914713U26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2668491.00   | 1.57%             | 2041-12-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| City of Wilmington NC                                                         | WILMINGTON NC LTD OBLG REVENUE                               | CUSIP: 971697GM3<br>LEI: 549300Y5IY4G3QB69428 | Long             | DBT              | MUN               | US        |    690000 | PA      | $708781.80    | 0.42%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DWM9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3187170.00   | 1.87%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Charlotte/The                                 | UNIV OF NORTH CAROLINA NC AT CHARLOTTE                       | CUSIP: 914716G90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $783736.80    | 0.46%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YPK6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047390.00   | 0.62%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lincoln NC Enterprise System Revenue                                | LINCOLN CNTY NC ENTERPRISE SYSREVENUE                        | CUSIP: 53334CBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $170500.00    | 0.10%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Durham NC Water & Sewer Utility System Revenue                        | DURHAM NC UTILITY SYS REVENUE                                | CUSIP: 266818CB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $285872.50    | 0.17%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Brunswick NC Enterprise Systems Revenue                             | BRUNSWICK CNTY NC ENTERPRISE SYS REVENUE                     | CUSIP: 117068HB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $729722.00    | 0.43%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Greensboro NC Combined Water & Sewer System Revenue                   | GREENSBORO NC ENTERPRISE SYS REVENUE                         | CUSIP: 395468KQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1116514.05   | 0.66%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                       | NORTH CAROLINA ST                                            | CUSIP: 6582564C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1023029.00   | 0.60%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Mooresville NC                                                        | MOORESVILLE NC LTD OBLIG                                     | CUSIP: 616126BF4<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |    145000 | PA      | $154333.65    | 0.09%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Greensboro                                    | UNIV OF NORTH CAROLINA NC AT GREENSBORO                      | CUSIP: 914719VA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022330.00   | 0.60%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                             | WAKE CNTY NC                                                 | CUSIP: 930864CV3<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1287258.60   | 0.76%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wilmington NC                                                         | WILMINGTON NC LTD OBLG REVENUE                               | CUSIP: 971697JP3<br>LEI: 549300Y5IY4G3QB69428 | Long             | DBT              | MUN               | US        |    200000 | PA      | $166114.00    | 0.10%             | 2030-06-01      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                       | NORTH CAROLINA ST                                            | CUSIP: 6582563C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2279025.00   | 1.34%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spartanburg Regional Health Services District                                 | SPARTANBURG SC REGL HLTH SVCS DIST INC HOSP REVENUE          | CUSIP: 847113DR5<br>LEI: 549300CVHLQ72HQF3340 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075440.00   | 0.63%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                   | UNIV OF NORTH CAROLINA AT CHAPEL HILL NC HOSP REVENUE        | CUSIP: 914714BX7<br>LEI: 5493004DU2QADMVXVR58 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1135000.00   | 0.67%             | 2024-02-01      | Floating      | 1.86%                 | No            |                  2 | On Loan: No      |
| County of Davidson NC                                                         | DAVIDSON CNTY NC LTD OBLIG                                   | CUSIP: 238603BJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2155383.30   | 1.27%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Scotland NC                                                         | SCOTLAND CNTY NC                                             | CUSIP: 809323AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543865.00    | 0.32%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                         | BUNCOMBE CNTY NC LTD OBLIG                                   | CUSIP: 120525HG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105160.00    | 0.06%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                  | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE     | CUSIP: 160853VE4<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1656750.00   | 0.97%             | 2050-01-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of New Hanover NC                                                      | NEW HANOVER CNTY NC HOSP REVENUE                             | CUSIP: 644804FH4<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105350.00   | 0.65%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Union NC Enterprise System Revenue                                  | UNION CNTY NC ENTERPRISE SYS REVENUE                         | CUSIP: 906400EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $944151.20    | 0.55%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lincoln NC Enterprise System Revenue                                | LINCOLN CNTY NC ENTERPRISE SYSREVENUE                        | CUSIP: 53334CBN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $227690.00    | 0.13%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Western Carolina University                                                   | WSTRN CAROLINA NC UNIV                                       | CUSIP: 957897MD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959770.00    | 0.56%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Durham NC                                                           | DURHAM CNTY NC                                               | CUSIP: 266705R20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1898347.50   | 1.12%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARNETT HEALTH SYSTEM IN                                                      | Harnett Health System Inc                                    | CUSIP: 41333PAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    715000 | PA      | $704275.00    | 0.41%             | 2032-04-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                         | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 658207T62<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017870.00   | 0.60%             | 2042-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| County of Forsyth NC                                                          | FORSYTH CNTY NC                                              | CUSIP: 346623EM9<br>LEI: 549300QZDXNB40E8SI64 | Long             | DBT              | MUN               | US        |    735000 | PA      | $774102.00    | 0.45%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                          | CHARLOTTE NC COPS                                            | CUSIP: 1610372U9<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014730.00   | 0.60%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State University at Raleigh                                    | NORTH CAROLINA ST UNIV AT RALEIGH                            | CUSIP: 658289E33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1163039.40   | 0.68%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority                                              | RALEIGH DURHAM NC ARPT AUTH ARPT REVENUE                     | CUSIP: 751073LK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075280.00   | 1.22%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                         | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 658207C86<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    690000 | PA      | $548280.90    | 0.32%             | 2035-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                         | BUNCOMBE CNTY NC LTD OBLIG                                   | CUSIP: 120525HD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114612.00    | 0.07%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                       | NORTH CAROLINA ST                                            | CUSIP: 6582564K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1744628.40   | 1.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Carolina University                                                   | WSTRN CAROLINA NC UNIV                                       | CUSIP: 957897KN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070750.00   | 0.63%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DTK7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041220.00   | 0.61%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                             | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045RC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2029480.00   | 1.19%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                          | CHARLOTTE NC COPS                                            | CUSIP: 1610373K0<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047670.00   | 0.62%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority                                              | RALEIGH DURHAM NC ARPT AUTH ARPT REVENUE                     | CUSIP: 751073LA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531520.00    | 0.31%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Charlotte/The                                 | UNIV OF NORTH CAROLINA NC AT CHARLOTTE                       | CUSIP: 914716Q40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $237540.00    | 0.14%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wilmington NC                                                         | WILMINGTON NC LTD OBLG REVENUE                               | CUSIP: 971697GK7<br>LEI: 549300Y5IY4G3QB69428 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156409.50    | 0.09%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer