# EDGAR Filing Document

**Accession Number:** 0000914529
**File Stem:** 0001410368-25-043542
**Filing Date:** 2025-12
**Character Count:** 69452
**Document Hash:** 99fc81ea3ee67aac8400881f54c8d3a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-043542.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001410368-25-043542

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260131

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08134
- **FILM NUMBER:** 251607272

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE MUNICIPALS TRUST II
- **DATE OF NAME CHANGE:** 19931108

## Series and Classes Contracts Data

### Parametric TABS Short-Term Municipal Bond Fund (Series ID: S000024906)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000074079 | Parametric TABS Short-Term Municipal Bond Fund Class A | EABSX           |
| C000074080 | Parametric TABS Short-Term Municipal Bond Fund Class C | ECBSX           |
| C000074081 | Parametric TABS Short-Term Municipal Bond Fund Class I | EIBSX           |

## Nport-Ex

Parametric

TABS Short-Term Municipal Bond Fund

October 31, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 96.0%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 0.8% | Bond Bank — 0.8% | Bond Bank — 0.8% |
| Texas Water Development Board, 4.50%, 10/15/37 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1069894 |
|  |  | &nbsp;&nbsp;**$1069894** |
| Education — 0.8% | Education — 0.8% | Education — 0.8% |
| New Jersey Educational Facilities Authority, (Princeton University), 5.00% to 7/1/31 (Put Date), 7/1/64 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1112765 |
|  |  | &nbsp;&nbsp;**$1112765** |
| Electric Utilities — 1.5% | Electric Utilities — 1.5% | Electric Utilities — 1.5% |
| Burke County Development Authority, GA, (Oglethorpe Power Corp.), 3.60% to 2/1/30 (Put Date), 11/1/45 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1125 | &nbsp;&nbsp;$1142876 |
| Energy Northwest, WA, 5.00%, 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815 | &nbsp;&nbsp;&nbsp;&nbsp; 866236 |
|  |  | &nbsp;&nbsp;**$2009112** |
| General Obligations — 44.1% | General Obligations — 44.1% | General Obligations — 44.1% |
| Angleton Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/36 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;$248716 |
| Auburn, ME, 2.00%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1059769 |
| Austin, TX, 5.00%, 9/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp; 2421430 |
| Azle Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2002326 |
| California, 5.50%, 12/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp; 73661 |
| Columbia School District, MO, 2.10%, 3/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1040 | &nbsp;&nbsp;&nbsp;&nbsp; 1025264 |
| Connecticut: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 3/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 539051 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp; 652963 |
| District of Columbia, (Washington DC), 5.00%, 10/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5146700 |
| Frisco, TX, 2.00%, 2/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 227810 |
| Gaston County, NC, 5.00%, 3/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp; 6772495 |
| Massachusetts: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1945 | &nbsp;&nbsp;&nbsp;&nbsp; 2310941 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2750 | &nbsp;&nbsp;&nbsp;&nbsp; 2802655 |
| &nbsp;&nbsp;&nbsp;5.25%, 4/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1175 | &nbsp;&nbsp;&nbsp;&nbsp; 1200677 |
| Meramec Valley R-III School District, MO, 3.00%, 3/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp; 29559 |
| Mountain View Whisman School District, CA, (Election of 2020), 4.00%, 9/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp; 10751 |
| New York, NY: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2020 | &nbsp;&nbsp;&nbsp;&nbsp; 2094160 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2020495 |
| Norfolk, VA, 5.00%, 9/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2165 | &nbsp;&nbsp;&nbsp;&nbsp; 2371906 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| North Carolina, 2.00%, 6/1/33 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;$1145288 |
| Orange County, NC, 3.10%, 2/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1155 | &nbsp;&nbsp;&nbsp;&nbsp; 1144291 |
| Oregon: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1260 | &nbsp;&nbsp;&nbsp;&nbsp; 1382978 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1275 | &nbsp;&nbsp;&nbsp;&nbsp; 1377214 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1038302 |
| Pennsylvania, 4.00%, 5/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2005 | &nbsp;&nbsp;&nbsp;&nbsp; 2112977 |
| Rutherford County, TN, 1.50%, 4/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1715147 |
| San Jacinto Community College District, TX, 5.00%, 2/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2318082 |
| Somerville, MA: |  |  |
| &nbsp;&nbsp;&nbsp;1.75%, 10/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2405 | &nbsp;&nbsp;&nbsp;&nbsp; 2134479 |
| &nbsp;&nbsp;&nbsp;1.75%, 10/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1260 | &nbsp;&nbsp;&nbsp;&nbsp; 1095413 |
| St. Cloud Independent School District No. 742, MN, 0.00%, 2/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp; 261686 |
| Washington: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1400073 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3340 | &nbsp;&nbsp;&nbsp;&nbsp; 3488758 |
| Washington County School District No. 13 Banks, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp; 23034 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp; 410745 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 345857 |
| Wylie Independent School District, TX, (PSF Guaranteed), to 8/15/28, 3.25%, 8/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5675 | &nbsp;&nbsp;&nbsp;&nbsp; 5673977 |
|  |  | &nbsp;&nbsp;**$60079630** |
| Hospital — 4.8% | Hospital — 4.8% | Hospital — 4.8% |
| California Health Facilities Financing Authority, (Adventist Health System/West), 5.00%, 12/1/35 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$566464 |
| Center City, MN, (Hazelden Betty Ford Foundation): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320 | &nbsp;&nbsp;&nbsp;&nbsp; 355057 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 335309 |
| Connecticut Health and Educational Facilities Authority, (Yale-New Haven Health), 5.00% to 7/1/29 (Put Date), 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2133029 |
| Missouri Health and Educational Facilities Authority, (SSM Health), 5.00% to 6/1/28 (Put Date), 6/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3143436 |
|  |  | &nbsp;&nbsp;**$6533295** |
| Housing — 13.6% | Housing — 13.6% | Housing — 13.6% |
| Connecticut Housing Finance Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(SPA: TD Bank, N.A.), 3.32%, 11/15/48<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;$3000000 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 5.25%, 11/15/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1465 | &nbsp;&nbsp;&nbsp;&nbsp; 1551870 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 5.50%, 11/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2050 | &nbsp;&nbsp;&nbsp;&nbsp; 2140950 |

---

------

Parametric

TABS Short-Term Municipal Bond Fund

October 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing (continued) | Housing (continued) | Housing (continued) |
| Florida Housing Finance Corp., Social Bonds, (FHLMC), (FNMA), (GNMA), 2.60%, 7/1/45 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;$161418 |
| Illinois Housing Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 5.25%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715 | &nbsp;&nbsp;&nbsp;&nbsp; 747151 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 6.25%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1130 | &nbsp;&nbsp;&nbsp;&nbsp; 1212269 |
| Indiana Housing and Community Development Authority, SFMR, Social Bonds, (FHLMC), (FNMA), (GNMA), 5.00%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp; 849609 |
| Nebraska Investment Finance Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 5.50%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1290 | &nbsp;&nbsp;&nbsp;&nbsp; 1359336 |
| Nevada Housing Division, (FHLMC), (FNMA), (GNMA), 3.00%, 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785 | &nbsp;&nbsp;&nbsp;&nbsp; 716684 |
| New Mexico Mortgage Finance Authority, (Single Family Mortgage Program), (FHLMC), (FNMA), (GNMA), 3.35%, 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp; 287209 |
| Ohio Housing Finance Agency: |  |  |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 2.25%, 9/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210 | &nbsp;&nbsp;&nbsp;&nbsp; 164034 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 2.45%, 9/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp; 340590 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 5.75%, 3/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790 | &nbsp;&nbsp;&nbsp;&nbsp; 834179 |
| Oklahoma Housing Finance Agency, (FHLMC), (FNMA), (GNMA), 6.50%, 9/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;945 | &nbsp;&nbsp;&nbsp;&nbsp; 1059040 |
| South Dakota Housing Development Authority, (FHLMC), (FNMA), (GNMA), 6.25%, 5/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955 | &nbsp;&nbsp;&nbsp;&nbsp; 1039549 |
| Tennessee Housing Development Agency, Social Bonds, 5.50%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1535 | &nbsp;&nbsp;&nbsp;&nbsp; 1604101 |
| Texas Department of Housing and Community Affairs, Social Bonds, (GNMA), 5.75%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1380 | &nbsp;&nbsp;&nbsp;&nbsp; 1483445 |
|  |  | &nbsp;&nbsp;**$18551434** |
| Industrial Development Revenue — 0.7% | Industrial Development Revenue — 0.7% | Industrial Development Revenue — 0.7% |
| Parish of St. John the Baptist, LA, (Marathon Oil Corp.), 3.30% to 7/3/28 (Put Date), 6/1/37 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1012575 |
|  |  | &nbsp;&nbsp;**$1012575** |
| Insured - Industrial Development Revenue — 0.1% | Insured - Industrial Development Revenue — 0.1% | Insured - Industrial Development Revenue — 0.1% |
| St. Vrain Lakes Metropolitan District No. 2, CO, (AG), 5.00%, 12/1/25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 | &nbsp;&nbsp;$65076 |
|  |  | &nbsp;&nbsp;**$65076** |
| Lease Revenue/Certificates of Participation — 0.6% | Lease Revenue/Certificates of Participation — 0.6% | Lease Revenue/Certificates of Participation — 0.6% |
| Malibu, CA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/38 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;$275305 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp; 225178 |

---

---

| | | |
|:---|:---|:---|
| **<br>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) |
| Malibu, CA: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/48 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;$375238 |
|  |  | &nbsp;&nbsp;**$875721** |
| Other Revenue — 13.1% | Other Revenue — 13.1% | Other Revenue — 13.1% |
| Black Belt Energy Gas District, AL, 5.25% to 9/1/32 (Put Date), 5/1/55 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;$3843258 |
| California Community Choice Financing Authority, Clean Energy Project Revenue, Green Bonds, 5.00% to 5/1/35 (Put Date), 10/1/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2204119 |
| Energy Southeast A Cooperative District, AL, 5.50% to 1/1/31 (Put Date), 11/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3311128 |
| Hudson Yards Infrastructure Corp., NY, 5.00%, 2/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1015908 |
| Main Street Natural Gas, Inc., GA, Gas Supply Revenue, 5.00% to 3/1/30 (Put Date), 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1072146 |
| New Mexico Municipal Energy Acquisition Authority, Gas Supply Revenue, 5.00% to 11/1/30 (Put Date), 6/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp; 6442875 |
|  |  | &nbsp;&nbsp;**$17889434** |
| Senior Living/Life Care — 2.5% | Senior Living/Life Care — 2.5% | Senior Living/Life Care — 2.5% |
| California Municipal Finance Authority, (PRS California Obligated Group), 5.00%, 4/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$263955 |
| Lancaster Municipal Authority, PA, (Garden Spot Village): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210 | &nbsp;&nbsp;&nbsp;&nbsp; 217900 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp; 200003 |
| Missouri Health and Educational Facilities Authority, (Lutheran Senior Services): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp;&nbsp;&nbsp; 481288 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590 | &nbsp;&nbsp;&nbsp;&nbsp; 612641 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp; 498720 |
| Virginia Small Business Financing Authority, (Lifespire of Virginia), 5.00%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1088063 |
|  |  | &nbsp;&nbsp;**$3362570** |
| Special Tax Revenue — 8.3% | Special Tax Revenue — 8.3% | Special Tax Revenue — 8.3% |
| Massachusetts Bay Transportation Authority, Sales Tax Revenue, 5.00%, 7/1/42 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1019177 |
| Massachusetts School Building Authority: |  |  |
| &nbsp;&nbsp;&nbsp;Social Bonds, 5.00%, 2/15/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3565096 |
| &nbsp;&nbsp;&nbsp;Social Bonds, 5.00%, 8/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2235 | &nbsp;&nbsp;&nbsp;&nbsp; 2334533 |
| New York City Transitional Finance Authority, NY, Future Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1112979 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1685 | &nbsp;&nbsp;&nbsp;&nbsp; 1755473 |

---

------

Parametric

TABS Short-Term Municipal Bond Fund

October 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Special Tax Revenue (continued) | Special Tax Revenue (continued) | Special Tax Revenue (continued) |
| New York Dormitory Authority, Personal Income Tax Revenue, 5.00%, 2/15/43 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;$1526687 |
|  |  | &nbsp;&nbsp;**$11313945** |
| Transportation — 0.6% | Transportation — 0.6% | Transportation — 0.6% |
| Virgin Islands Transportation and Infrastructure Corp., 5.00%, 9/1/31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;$814686 |
|  |  | &nbsp;&nbsp;**$814686** |
| Water and Sewer — 4.5% | Water and Sewer — 4.5% | Water and Sewer — 4.5% |
| New York City Municipal Water Finance Authority, 5.00%, 6/15/45 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;$3064003 |
| Southeast Energy Authority, AL, (Project No. 2), 4.00% to 12/1/31 (Put Date), 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3089428 |
|  |  | &nbsp;&nbsp;**$6153431** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $127,885,728) |  | &nbsp;&nbsp;**$130843568** |

---

Taxable Municipal Obligations — 0.5%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations — 0.5% | General Obligations — 0.5% | General Obligations — 0.5% |
| Austin Independent School District, TX, (PSF Guaranteed), 4.00%, 8/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp;$665710 |
| Total Taxable Municipal Obligations<br> (identified cost $648,096) |  | &nbsp;&nbsp;**$665710** |

---

Short-Term Investments — 2.4%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.00%<sup>(2)</sup> | 3271752 | &nbsp;&nbsp;$3271752 |
| Total Short-Term Investments<br> (identified cost $3,271,752) |  | &nbsp;&nbsp;**$3271752** |
| Total Investments — 98.9%<br> (identified cost $131,805,576) |  | &nbsp;&nbsp;**$134781030** |
| Other Assets, Less Liabilities — 1.1% |  | &nbsp;&nbsp;**$1470490** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$136251520** |

---

---

| | |
|:---|:---|
| 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> | 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 October 31, 2025. |
| <sup>(2)</sup> | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of October 31, 2025. |
| At October 31, 2025, the concentration of the Fund's investments in the various states, determined as a percentage of net assets, is as follows: | At October 31, 2025, the concentration of the Fund's investments in the various states, determined as a percentage of net assets, is as follows: |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Massachusetts | 12.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas | 12.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others, representing less than 10% individually | 72.3% |

---

The Fund invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At October 31, 2025, less than 0.05% of total investments are backed by bond insurance of a financial guaranty assurance agency.

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AG | – Assured Guaranty, Inc. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| PSF | – Permanent School Fund |
| SFMR | – Single Family Mortgage Revenue |
| SPA | – Standby Bond Purchase Agreement |

---

------

Parametric

TABS Short-Term Municipal Bond Fund

October 31, 2025

Portfolio of Investments (Unaudited) — continued

------

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

Affiliated Investments

At October 31, 2025, the value of the Fund's investment in funds that may be deemed to be affiliated was $3,271,752, which represents 2.4% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended October 31, 2025 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Value,<br> beginning<br> of period** | **Purchases** | **Sales<br> proceeds** | **Net realized<br> gain (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Value, end<br> of period** | **Dividend<br> income** | **Shares,<br> end of period** |
| **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** |
| Liquidity Funds - Government Portfolio<sup>(1)</sup> | $7603605 | $77589607 | $(81921460) | $— | $— | $3271752 | $186462 | 3271752 |

---

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

Fair Value Measurements

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$130843568 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$130843568 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665710 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;3271752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3271752 |
| **Total Investments** | &nbsp;&nbsp;**$3271752** | &nbsp;&nbsp;&nbsp;&nbsp;**$131509278** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$134781030** |

---

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

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

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

- **a. Name of Series:** Parametric TABS Short-Term Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000024906

- **c. LEI of Series:** 549300EYQ80KP4CQ1C44

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

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

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $136892765.65

**Total Liabilities:** $584224.92

**Net Assets:** $136308540.73

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -225.06000000 | **1-Year:** -5988.98000000 | **5-Year:** -29966.80000000 | **10-Year:** -33947.08000000 | **30-Year:** -8381.28000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000074079 | 0.94%                | 1.26%                | 0.64%                |
| Class ID C000074080 | 0.88%                | 1.20%                | 0.58%                |
| Class ID C000074081 | 0.96%                | 1.28%                | 0.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $407605.39               | $486925.79                                 |
| Month 2  | $464691.32               | $938120.94                                 |
| Month 3  | $-15758.38               | $517171.98                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Angleton Independent School District                                    | ANGLETON TX INDEP SCH DIST                                          | CUSIP: 034825U23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $248715.52    | 0.18%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Auburn ME                                                       | AUBURN ME                                                           | CUSIP: 050375UR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1059769.38   | 0.78%             | 2034-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                       | AUSTIN TX                                                           | CUSIP: 0523975E2<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2421430.22   | 1.78%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                      | AUSTIN TX INDEP SCH DIST                                            | CUSIP: 052430QU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $665709.82    | 0.49%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Azle Independent School District                                        | AZLE TX INDEP SCH DIST                                              | CUSIP: 054789XC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002325.80   | 1.47%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                          | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                   | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3843257.60   | 2.82%             | 2055-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                               | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                         | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1142876.36   | 0.84%             | 2045-11-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                         | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE         | CUSIP: 13013JHG4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2204118.60   | 1.62%             | 2056-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                        | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                           | CUSIP: 13032U4X3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $566463.65    | 0.42%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                  | CALIFORNIA ST MUNI FIN AUTH REVENUE                                 | CUSIP: 13048V2E7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263954.78    | 0.19%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                     | CALIFORNIA ST                                                       | CUSIP: 13063DZ43<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     70000 | PA      | $73661.13     | 0.05%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                  | CENTER CITY MN HLTH CARE FACSREVENUE                                | CUSIP: 151452CH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $355057.06    | 0.26%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                  | CENTER CITY MN HLTH CARE FACSREVENUE                                | CUSIP: 151452CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $335309.58    | 0.25%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia School District/MO                                             | COLUMBIA MO SCH DIST                                                | CUSIP: 198037CT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1025263.62   | 0.75%             | 2027-03-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                    | CONNECTICUT ST                                                      | CUSIP: 20772KC31<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    585000 | PA      | $652962.90    | 0.48%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                    | CONNECTICUT ST                                                      | CUSIP: 20772KZV4<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539051.10    | 0.40%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                   | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                    | CUSIP: 20775CB78<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 2.20%             | 2048-11-15      | Floating      | 3.32%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority             | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                     | CUSIP: 20775DYS5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2133028.80   | 1.56%             | 2049-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                   | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                    | CUSIP: 20775HXT5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2140950.30   | 1.57%             | 2052-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                   | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                    | CUSIP: 20775HYY3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1551870.40   | 1.14%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                    | DIST OF COLUMBIA                                                    | CUSIP: 25476FXV5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5146700.00   | 3.78%             | 2044-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                        | ENERGY N W WA ELEC REVENUE                                          | CUSIP: 29270C2T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $866235.46    | 0.64%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                 | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE                | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3311128.20   | 2.43%             | 2053-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                            | FLORIDA ST HSG FIN CORP REVENUE                                     | CUSIP: 34074MUJ8<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    220000 | PA      | $161417.56    | 0.12%             | 2045-07-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| City of Frisco TX                                                       | FRISCO TX                                                           | CUSIP: 358776ZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $227810.40    | 0.17%             | 2033-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| County of Gaston NC                                                     | GASTON CNTY NC                                                      | CUSIP: 367298ZS8<br>LEI: 549300RQ7QXM9RXM7Z26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6772495.20   | 4.97%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                        | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE           | CUSIP: 44420RBE9<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015908.10   | 0.75%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                  | ILLINOIS ST HSG DEV AUTH REVENUE                                    | CUSIP: 45203MHX2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    715000 | PA      | $747151.41    | 0.55%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                  | ILLINOIS ST HSG DEV AUTH REVENUE                                    | CUSIP: 45203MKB6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1212268.86   | 0.89%             | 2052-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                       | INDIANA ST HSG & CMNTY DEV AUTH SF MTGE REVENUE                     | CUSIP: 45505TYE5<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    825000 | PA      | $849608.84    | 0.62%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                           | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                        | CUSIP: 514350AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $217899.91    | 0.16%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                           | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                        | CUSIP: 514350AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $200003.12    | 0.15%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   3271752 | NS      | $3271752.17   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Main Street Natural Gas Inc                                             | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                   | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072145.60   | 0.79%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Malibu CA                                                       | MALIBU CA COPS                                                      | CUSIP: 56117PGD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275305.25    | 0.20%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Malibu CA                                                       | MALIBU CA COPS                                                      | CUSIP: 56117PGE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225178.43    | 0.17%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Malibu CA                                                       | MALIBU CA COPS                                                      | CUSIP: 56117PGF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375237.94    | 0.28%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue            | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE               | CUSIP: 575579E37<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019177.40   | 0.75%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                           | MASSACHUSETTS ST                                                    | CUSIP: 57582RMW3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1200677.16   | 0.88%             | 2042-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                           | MASSACHUSETTS ST                                                    | CUSIP: 57582RRK4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2802655.35   | 2.06%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                           | MASSACHUSETTS ST                                                    | CUSIP: 57582TDA7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $2310940.66   | 1.70%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                 | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE                    | CUSIP: 576000G64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3565095.60   | 2.62%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                 | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE                    | CUSIP: 576000YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2334532.82   | 1.71%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Meramec Valley School District No R-III                                 | MERAMEC VLY MO SCH DIST #R-III                                      | CUSIP: 587335LE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29559.18     | 0.02%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                | CUSIP: 60635H3R8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    480000 | PA      | $481288.03    | 0.35%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                | CUSIP: 60635H3U1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    590000 | PA      | $612640.96    | 0.45%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                | CUSIP: 60635H3V9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    475000 | PA      | $498720.36    | 0.37%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE              | CUSIP: 60637AVX7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3143436.00   | 2.31%             | 2039-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain View-Whisman School District                                   | MOUNTAIN VIEW-WHISMAN CA SCH DIST                                   | CUSIP: 62451FJU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10751.08     | 0.01%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                   | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE                      | CUSIP: 63968MG78<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1359335.95   | 1.00%             | 2052-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nevada Housing Division                                                 | NEVADA ST HSG DIV SF MTGE REVENUE                                   | CUSIP: 641279NS9<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    785000 | PA      | $716683.88    | 0.53%             | 2039-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                             | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                             | CUSIP: 646067KD9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112764.80   | 0.82%             | 2064-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                   | NEW MEXICO ST MTGE FIN AUTH                                         | CUSIP: 647201FV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $287209.23    | 0.21%             | 2039-07-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                       | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY                 | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6442875.60   | 4.73%             | 2054-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | NEW YORK NY                                                         | CUSIP: 64966MFH7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020494.40   | 1.48%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | NEW YORK NY                                                         | CUSIP: 64966MQW2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2094160.26   | 1.54%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                      | CUSIP: 64971XDM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1755472.43   | 1.29%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                      | CUSIP: 64971XN61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112979.30   | 0.82%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                         | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE            | CUSIP: 64972GA95<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3064002.90   | 2.25%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                      | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                | CUSIP: 64990KBD4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526687.10   | 1.12%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Norfolk VA                                                      | NORFOLK VA                                                          | CUSIP: 655867T90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2371906.02   | 1.74%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                 | NORTH CAROLINA ST                                                   | CUSIP: 6582564N9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1145288.00   | 0.84%             | 2033-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                             | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756Q2H9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    790000 | PA      | $834179.25    | 0.61%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                             | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756QG50<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    210000 | PA      | $164034.17    | 0.12%             | 2040-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                             | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756QG68<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    460000 | PA      | $340590.03    | 0.25%             | 2045-09-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Oklahoma Housing Finance Agency                                         | OKLAHOMA ST HSG FIN AGY SF MTGE REVENUE                             | CUSIP: 67886MD55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $1059039.86   | 0.78%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| County of Orange NC                                                     | ORANGE CNTY NC                                                      | CUSIP: 684609WA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1144290.96   | 0.84%             | 2036-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                         | OREGON ST                                                           | CUSIP: 68609B8A8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038302.40   | 0.76%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                         | OREGON ST                                                           | CUSIP: 68609UTJ4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1382977.76   | 1.01%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                         | OREGON ST                                                           | CUSIP: 68609UTM7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1377213.82   | 1.01%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                            | PENNSYLVANIA ST                                                     | CUSIP: 70914PR95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2112977.27   | 1.55%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Rutherford TN                                                 | RUTHERFORD CNTY TN                                                  | CUSIP: 783244KA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1715146.40   | 1.26%             | 2033-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| St Cloud Independent School District No 742/MN                          | SAINT CLOUD MN INDEP SCH DIST#742                                   | CUSIP: 789177SU7<br>LEI: 549300777B7XVMYHUU90 | Long             | DBT              | MUN               | US        |    280000 | PA      | $261686.04    | 0.19%             | 2028-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                        | SAINT JOHN THE BAPTIST PARISH LA REVENUE                            | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012575.20   | 0.74%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| San Jacinto Community College District                                  | SAN JACINTO TX CMNTY CLG DIST                                       | CUSIP: 798025PX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2318082.30   | 1.70%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Somerville MA                                                   | SOMERVILLE MA                                                       | CUSIP: 8352404U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2134479.35   | 1.57%             | 2032-10-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| City of Somerville MA                                                   | SOMERVILLE MA                                                       | CUSIP: 8352404V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1095413.38   | 0.80%             | 2033-10-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                              | SOUTH DAKOTA ST HSG DEV AUTH                                        | CUSIP: 83756LAC9<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    955000 | PA      | $1039548.82   | 0.76%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                       | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                     | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3089428.50   | 2.27%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| St Vrain Lakes Metropolitan District No 2                               | ST VRAIN LAKES MET DIST NO 2                                        | CUSIP: 85236GAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65076.32     | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                    | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE                      | CUSIP: 88046KCG9<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1604100.48   | 1.18%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                         | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE              | CUSIP: 882750SX1<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1483444.80   | 1.09%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                           | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND                | CUSIP: 88285ABB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069893.90   | 0.78%             | 2037-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp                     | VIRGIN ISLANDS TRANSPRTN & INFRASTRUCTURE CORP GRANT ANTIC          | CUSIP: 927686AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $814686.08    | 0.60%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                             | VIRGINIA ST SMALL BUSINESS FING AUTH RSDL FAC CARE REVENUE          | CUSIP: 928103AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088062.90   | 0.80%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                           | WASHINGTON CNTY OR SCH DIST #13 BANKS                               | CUSIP: 938350FL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $23033.99     | 0.02%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                           | WASHINGTON CNTY OR SCH DIST #13 BANKS                               | CUSIP: 938350FM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $410744.95    | 0.30%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                           | WASHINGTON CNTY OR SCH DIST #13 BANKS                               | CUSIP: 938350FN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $345856.80    | 0.25%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                     | WASHINGTON ST                                                       | CUSIP: 93974D5G9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1400072.58   | 1.03%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                     | WASHINGTON ST                                                       | CUSIP: 93974EFR2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3340000 | PA      | $3488757.59   | 2.56%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wylie Independent School District                                       | WYLIE TX INDEP SCH DIST                                             | CUSIP: 9830685Y9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5675000 | PA      | $5673976.80   | 4.16%             | 2041-08-15      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer