# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-23-014884
**Filing Date:** 2023-1
**Character Count:** 54854
**Document Hash:** d8d35b127dd6be1a190161a18221f36b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014884.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014884

**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:** 23557041

**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 Virginia Municipal Income Fund (Series ID: S000004857)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000013157 | Eaton Vance Virginia Municipal Income Fund Class A | ETVAX           |
| C000013159 | Eaton Vance Virginia Municipal Income Fund Class C | ECVAX           |
| C000063953 | Eaton Vance Virginia Municipal Income Fund Class I | EVAIX           |

## Nport-Ex

Eaton Vance<br>

Virginia Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 96.0%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 4.0% | Bond Bank — 4.0% | Bond Bank — 4.0% |
| Virginia Resources Authority, (Pooled Financing Program): |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 11/1/47 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$564775 |
| &nbsp;&nbsp;&nbsp;Series 2016A, 4.00%, 11/1/32 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1030240 |
| Virginia Resources Authority, (State Revolving Fund), 3.00%, 10/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 845520 |
|  |  | &nbsp;&nbsp;**$2440535** |
| Education — 4.8% | Education — 4.8% | Education — 4.8% |
| Alexandria Industrial Development Authority, VA, (Episcopal High School): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/33 | $&nbsp;&nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;$340893 |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/46 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 486665 |
| Salem Economic Development Authority, VA, (Roanoke College): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp; 489478 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 183512 |
| University of Virginia, 5.00%, 4/1/38 | 1320 | &nbsp;&nbsp;&nbsp;&nbsp; 1420267 |
|  |  | &nbsp;&nbsp;**$2920815** |
| Escrowed/Prerefunded — 7.7% | Escrowed/Prerefunded — 7.7% | Escrowed/Prerefunded — 7.7% |
| Alexandria Industrial Development Authority, VA, (Goodwin House, Inc.), Prerefunded to 10/1/25, 5.00%, 10/1/30 | $&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;$794378 |
| Arlington County, VA, Prerefunded to 8/15/26, 5.00%, 8/15/32 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1082910 |
| Harrisonburg Industrial Development Authority, VA, (Sunnyside Presbyterian Home), Prerefunded to 12/1/23, 6.25%, 12/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 776715 |
| Norfolk, VA, Prerefunded to 8/1/23, 5.00%, 8/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 762315 |
| Virginia Port Authority, (AMT), Prerefunded to 7/1/25, 5.00%, 7/1/33 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1316275 |
|  |  | &nbsp;&nbsp;**$4732593** |
| General Obligations — 6.1% | General Obligations — 6.1% | General Obligations — 6.1% |
| Alexandria, VA, 5.00%, 7/1/28 | $1000 | &nbsp;&nbsp;$1106560 |
| Loudoun County, VA, 4.00%, 12/1/38 | 1045 | &nbsp;&nbsp;&nbsp;&nbsp; 1075232 |
| Puerto Rico, 5.625%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 512525 |
| Virginia Beach, VA, 4.00%, 7/15/32 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1063300 |
|  |  | &nbsp;&nbsp;**$3757617** |
| Hospital — 12.2% | Hospital — 12.2% | Hospital — 12.2% |
| Arlington County Industrial Development Authority, VA, (Virginia Hospital Center), 4.00%, 7/1/39 | $1200 | &nbsp;&nbsp;$1193844 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital (continued) | Hospital (continued) | Hospital (continued) |
| Fairfax County Industrial Development Authority, VA, (Inova Health System Hospitals), 5.00%, 8/15/23<sup>(1)</sup> | $1344 | &nbsp;&nbsp;$1365917 |
| Fredericksburg Economic Development Authority, VA, (Mary Washington Healthcare), 5.00%, 6/15/24 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1028580 |
| Norfolk Economic Development Authority, VA, (Sentara Healthcare), 5.00% to 11/1/28 (Put Date), 11/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp; 956909 |
| Roanoke Economic Development Authority, VA, (Carilion Clinic Obligated Group), 4.00%, 7/1/38 | 1550 | &nbsp;&nbsp;&nbsp;&nbsp; 1556975 |
| Virginia Small Business Financing Authority, (Bon Secours Mercy Health, Inc.), 4.00%, 12/1/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 914720 |
| Winchester Economic Development Authority, VA, (Valley Health System), Prerefunded to 1/1/24, 5.00%, 1/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp; 461228 |
|  |  | &nbsp;&nbsp;**$7478173** |
| Industrial Development Revenue — 6.4% | Industrial Development Revenue — 6.4% | Industrial Development Revenue — 6.4% |
| Amelia County Industrial Development Authority, VA, (Waste Management, Inc.), (AMT), 1.45%, 4/1/27 | $1035 | &nbsp;&nbsp;$909392 |
| King George County Industrial Development Authority, VA, (Waste Management, Inc.), (AMT), 2.50%, 6/1/23 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1994180 |
| Louisa Industrial Development Authority, VA, (Virginia Electric and Power Co.), 1.90% to 6/1/23 (Put Date), 11/1/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 989690 |
| Virginia Small Business Financing Authority, (Covanta), (AMT), 5.00% to 7/1/38 (Put Date), 1/1/48<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp; 57612 |
|  |  | &nbsp;&nbsp;**$3950874** |
| Insured - Education — 3.9% | Insured - Education — 3.9% | Insured - Education — 3.9% |
| Virginia College Building Authority, (Washington and Lee University), (NPFG), 5.25%, 1/1/31 | $2155 | &nbsp;&nbsp;$2362289 |
|  |  | &nbsp;&nbsp;**$2362289** |
| Insured - Electric Utilities — 1.6% | Insured - Electric Utilities — 1.6% | Insured - Electric Utilities — 1.6% |
| Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/29 | $1000 | &nbsp;&nbsp;$1005160 |
|  |  | &nbsp;&nbsp;**$1005160** |
| Insured - Transportation — 4.6% | Insured - Transportation — 4.6% | Insured - Transportation — 4.6% |
| Chesapeake Bay Bridge and Tunnel District, VA, (General Resolution), (NPFG), Escrowed to Maturity, 5.50%, 7/1/25 | $2500 | &nbsp;&nbsp;$2617100 |
| Virginia Commonwealth Transportation Board, (NPFG), 0.00%, 4/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 180088 |
|  |  | &nbsp;&nbsp;**$2797188** |
| Lease Revenue/Certificates of Participation — 4.0% | Lease Revenue/Certificates of Participation — 4.0% | Lease Revenue/Certificates of Participation — 4.0% |
| Manassas Park Economic Development Authority, VA: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/15/31 | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$319947 |

---

------

Eaton Vance<br>

Virginia 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) |
| Manassas Park Economic Development Authority, VA: <br> (continued) |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/15/32 | $&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$265155 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 262853 |
| Virginia Public Building Authority: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1061210 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 8/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 530080 |
|  |  | &nbsp;&nbsp;**$2439245** |
| Other Revenue — 2.1% | Other Revenue — 2.1% | Other Revenue — 2.1% |
| Loudoun County Economic Development Authority, VA, (Howard Hughes Medical Institute): |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/49 | $2500 | &nbsp;&nbsp;$800525 |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 480135 |
|  |  | &nbsp;&nbsp;**$1280660** |
| Senior Living/Life Care — 5.6% | Senior Living/Life Care — 5.6% | Senior Living/Life Care — 5.6% |
| Albemarle County Economic Development Authority, VA, (Westminster-Canterbury of the Blue Ridge), 5.00%, 1/1/42 | $&nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;$150297 |
| Hanover County Economic Development Authority, VA, (Covenant Woods), 5.00%, 7/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;235 | &nbsp;&nbsp;&nbsp;&nbsp; 218348 |
| James City County Economic Development Authority, VA, (Williamsburg Landing): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/23 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 298089 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp; 204404 |
| James City County Economic Development Authority, VA, (WindsorMeade), 4.00%, 6/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp; 485875 |
| Norfolk Redevelopment and Housing Authority, VA, (Fort Norfolk Retirement Community, Inc. - Harbor's Edge), 5.00%, 1/1/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 979150 |
| Virginia Beach Development Authority, VA, (Westminster-Canterbury on Chesapeake Bay), 5.00%, 9/1/34 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp; 1115132 |
|  |  | &nbsp;&nbsp;**$3451295** |
| Solid Waste — 2.0% | Solid Waste — 2.0% | Solid Waste — 2.0% |
| Virginia Resources Authority, (Pooled Financing Program), 5.00%, 11/1/30 | $1075 | &nbsp;&nbsp;$1252547 |
|  |  | &nbsp;&nbsp;**$1252547** |
| Special Tax Revenue — 1.6% | Special Tax Revenue — 1.6% | Special Tax Revenue — 1.6% |
| American Samoa Economic Development Authority, 5.00%, 9/1/38<sup>(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$300813 |
| Puerto Rico Sales Tax Financing Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/24 | &nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp; 27893 |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;17 | &nbsp;&nbsp;&nbsp;&nbsp; 13702 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Special Tax Revenue (continued) | Special Tax Revenue (continued) | Special Tax Revenue (continued) |
| Puerto Rico Sales Tax Financing Corp.: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;17 | &nbsp;&nbsp;$12367 |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;22 | &nbsp;&nbsp;&nbsp;&nbsp; 14288 |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;24 | &nbsp;&nbsp;&nbsp;&nbsp; 13862 |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/46 | &nbsp;&nbsp;&nbsp;&nbsp;231 | &nbsp;&nbsp;&nbsp;&nbsp; 58217 |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;188 | &nbsp;&nbsp;&nbsp;&nbsp; 35374 |
| &nbsp;&nbsp;&nbsp;4.50%, 7/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;56 | &nbsp;&nbsp;&nbsp;&nbsp; 52866 |
| &nbsp;&nbsp;&nbsp;4.536%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp; 2617 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/58 | &nbsp;&nbsp;&nbsp;&nbsp;442 | &nbsp;&nbsp;&nbsp;&nbsp; 419374 |
|  |  | &nbsp;&nbsp;**$951373** |
| Transportation — 16.0% | Transportation — 16.0% | Transportation — 16.0% |
| Metropolitan Washington Airports Authority, D.C.: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 10/1/35 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$487960 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 10/1/27 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1335438 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 10/1/37 | 1295 | &nbsp;&nbsp;&nbsp;&nbsp; 1340778 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 10/1/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1023640 |
| Norfolk Airport Authority, VA, 5.00%, 7/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1049490 |
| Northern Virginia Transportation Commission, Green Bonds, 5.00%, 6/1/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1110210 |
| Virginia Small Business Financing Authority, (95 Express Lanes, LLC), (AMT), 5.00%, 7/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 797880 |
| Virginia Small Business Financing Authority, (Transform 66 P3 Project), (AMT), 5.00%, 12/31/47 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 501600 |
| Washington Metropolitan Area Transit Authority, D.C.: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1095010 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1062390 |
|  |  | &nbsp;&nbsp;**$9804396** |
| Water and Sewer — 13.4% | Water and Sewer — 13.4% | Water and Sewer — 13.4% |
| Fairfax County Water Authority, VA, 5.25%, 4/1/27 | $1795 | &nbsp;&nbsp;$1988824 |
| Fairfax County, VA, Sewer Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/15/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1020150 |
| &nbsp;&nbsp;&nbsp;4.00%, 7/15/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1026370 |
| Henrico County, VA, Water and Sewer System Revenue, 4.00%, 5/1/31 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1610445 |
| Newport News, VA, Water Revenue, 5.00%, 7/15/33 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1071540 |
| Virginia Beach, VA, Water and Sewer System Revenue, 5.00%, 10/1/26 | 1375 | &nbsp;&nbsp;&nbsp;&nbsp; 1493016 |
|  |  | &nbsp;&nbsp;**$8210345** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $60,491,649) |  | &nbsp;&nbsp;**$58835105** |

---

------

Eaton Vance<br>

Virginia Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

Taxable Municipal Obligations — 1.2%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 0.6% | Bond Bank — 0.6% | Bond Bank — 0.6% |
| Virginia Resources Authority, (Pooled Financing Program), 1.816%, 11/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;415 | &nbsp;&nbsp;$350231 |
|  |  | &nbsp;&nbsp;**$350231** |
| General Obligations — 0.6% | General Obligations — 0.6% | General Obligations — 0.6% |
| Portsmouth, VA, 2.20%, 7/15/37 | $&nbsp;&nbsp;&nbsp;&nbsp;165 | &nbsp;&nbsp;$117051 |
| Watertown, CT, 1.95%, 10/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp; 253533 |
|  |  | &nbsp;&nbsp;**$370584** |
| Total Taxable Municipal Obligations<br> (identified cost $890,000) |  | &nbsp;&nbsp;**$720815** |
| Total Investments — 97.2%<br> (identified cost $61,381,649) |  | &nbsp;&nbsp;**$59555920** |
| Other Assets, Less Liabilities — 2.8% |  | &nbsp;&nbsp;**$1731281** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$61287201** |

---

---

| | |
|:---|:---|
| 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> | Security represents the municipal bond held by a trust that issues residual interest bonds. |
| <sup>(2)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At November 30, 2022, the aggregate value of these securities is $358,425 or 0.6% of the Fund's net assets. |
| The Fund invests primarily in debt securities issued by Virginia 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, 10.4% of total investments are backed by bond insurance of a financial guaranty assurance agency. | The Fund invests primarily in debt securities issued by Virginia 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, 10.4% of total investments are backed by bond insurance of a financial guaranty assurance agency. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
| NPFG | – National Public Finance Guarantee Corp. |

---

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** |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;$— | &nbsp;&nbsp;$58835105 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$58835105 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 720815 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 720815 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$59555920** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$59555920** |

---

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 Virginia Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000004857

- **c. LEI of Series:** 549300WUMX0U6I2AXM07

**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:** $62346423.43

**Total Liabilities:** $1148986.56

**Net Assets:** $61197436.87

**Cash Not Reported:** $1961836.55

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -36.45000000 | **1-Year:** -1886.16000000 | **5-Year:** -10546.37000000 | **10-Year:** -11812.89000000 | **30-Year:** -2576.48000000

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

- **3-Month:** -5.11000000 | **1-Year:** -248.38000000 | **5-Year:** -969.34000000 | **10-Year:** -1378.53000000 | **30-Year:** -254.98000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013159 | -3.49%               | -0.90%               | 4.10%                |
| Class ID C000063953 | -3.52%               | -0.64%               | 4.16%                |
| Class ID C000013157 | -3.41%               | -0.80%               | 4.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-20879.18               | $-2218006.99                               |
| Month 2  | $-100485.10              | $-452670.41                                |
| Month 3  | $0.00                    | $2263335.92                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Manassas Park Economic Development Authority                | MANASSAS VA PARK ECON DEV AUTH ECON DEV AUTH LEASE REVENUE   | CUSIP: 561812AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265155.00    | 0.43%             | 2032-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority             | FAIRFAX CNTY VA INDL DEV AUTH REVENUE                        | CUSIP: 303823CV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1362257.40   | 2.23%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Virginia                                      | UNIV OF VIRGINIA VA UNIV REVENUES                            | CUSIP: 915217WM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1420267.20   | 2.32%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alexandria Industrial Development Authority                 | ALEXANDRIA VA INDL DEV AUTH EDUCTNL FACS REVENUE             | CUSIP: 015304FV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $486665.00    | 0.80%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Water Authority                              | FAIRFAX CNTY VA WTR AUTH WTR REVENUE                         | CUSIP: 303891SV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1988824.10   | 3.25%             | 2027-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      3000 | PA      | $2617.44      | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Alexandria Industrial Development Authority                 | ALEXANDRIA VA INDL DEV AUTH RESDL CARE FACS MTGE REVENUE     | CUSIP: 015317AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $794377.50    | 1.30%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia Beach VA                                   | VIRGINIA BEACH VA                                            | CUSIP: 927734N41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063300.00   | 1.74%             | 2032-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salem Economic Development Authority                        | SALEM VA ECON DEV AUTH EDUCTNL FACS REVENUE                  | CUSIP: 794565AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $183512.00    | 0.30%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                  | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793KC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $180088.00    | 0.29%             | 2026-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority            | JAMES CITY CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE       | CUSIP: 47029WEA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $204404.20    | 0.33%             | 2030-12-01      | 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: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     56000 | PA      | $52866.24     | 0.09%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Alexandria VA                                       | ALEXANDRIA VA                                                | CUSIP: 0153025N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106560.00   | 1.81%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818NJ33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $350230.95    | 0.57%             | 2029-11-01      | Fixed         | 1.82%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    342000 | PA      | $309824.64    | 0.51%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                      | ROANOKE VA ECON DEV AUTH HOSPREVENUE                         | CUSIP: 770082BV6<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1556975.00   | 2.54%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority              | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782ER6<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095010.00   | 1.79%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94881.00     | 0.16%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647EP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1340778.25   | 2.19%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fredericksburg Economic Development Authority               | FREDERICKSBURG VA ECON DEV AUTH HOSP FACS REVENUE            | CUSIP: 355849AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028580.00   | 1.68%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Loudoun County Economic Development Authority               | LOUDOUN CNTY VA ECON DEV AUTH REVENUE                        | CUSIP: 54601TAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $800525.00    | 1.31%             | 2049-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Town of Watertown CT                                        | WATERTOWN CT                                                 | CUSIP: 941893V63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $253533.50    | 0.41%             | 2030-10-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                 | VIRGINIA SMALL BUSINESS FING AUTH PRIV ACTIVITY REVENUE SR   | CUSIP: 928097AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501600.00    | 0.82%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     17000 | PA      | $13701.66     | 0.02%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| King George County Economic Development Authority           | KING GEORGE CNTY VA INDL DEV AUTH                            | CUSIP: 49548YAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1994180.00   | 3.26%             | 2023-06-01      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                 | VIRGINIA ST SMALL BUSINESS FING AUTH HLTHCARE FACS REVENUE   | CUSIP: 928105BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $914720.00    | 1.49%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Manassas Park Economic Development Authority                | MANASSAS VA PARK ECON DEV AUTH ECON DEV AUTH LEASE REVENUE   | CUSIP: 561812AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $319947.00    | 0.52%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Norfolk VA                                          | NORFOLK VA                                                   | CUSIP: 655867RD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $762315.00    | 1.25%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA Sewer Revenue                          | FAIRFAX CNTY VA SWR REVENUE                                  | CUSIP: 303867KD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020150.00   | 1.67%             | 2037-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                        | LOUDOUN CNTY VA                                              | CUSIP: 54589TMC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1075231.85   | 1.76%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alexandria Industrial Development Authority                 | ALEXANDRIA VA INDL DEV AUTH EDUCTNL FACS REVENUE             | CUSIP: 015304FU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $340892.50    | 0.56%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Winchester Economic Development Authority                   | WINCHESTER VA ECON DEV AUTH HOSP REVENUE                     | CUSIP: 973121AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $461227.50    | 0.75%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA Sewer Revenue                          | FAIRFAX CNTY VA SWR REVENUE                                  | CUSIP: 303867MJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026370.00   | 1.68%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Norfolk Airport Authority/VA                                | NORFOLK VA ARPT AUTH REVENUE                                 | CUSIP: 655857EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049490.00   | 1.71%             | 2037-07-01      | 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    | 0.49%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portsmouth VA                                       | PORTSMOUTH VA                                                | CUSIP: 73723RP49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $117051.00    | 0.19%             | 2037-07-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818PMU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $564775.00    | 0.92%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818PMF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1252547.00   | 2.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                          | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172U37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530080.00    | 0.87%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority Clean Water Revolving Fund     | VIRGINIA ST RESOURCES AUTH CLEAN WTR REVENUE                 | CUSIP: 92817LSN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $845520.00    | 1.38%             | 2040-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia Port Authority                                     | VIRGINIA ST PORT AUTH PORT FAC REVENUE                       | CUSIP: 928077HB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1316275.00   | 2.15%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norfolk Economic Development Authority                      | NORFOLK VA ECON DEV AUTH HOSPFACS REVENUE                    | CUSIP: 65588TAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $956908.75    | 1.56%             | 2048-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                        | VIRGINIA BEACH VA DEV AUTH RSDL CARE FAC REVENUE             | CUSIP: 92774NAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1115132.00   | 1.82%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia Beach VA Water & Sewer System Revenue      | VIRGINIA BEACH VA WTR & SWR REVENUE                          | CUSIP: 927749JE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1493016.25   | 2.44%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     24000 | PA      | $13861.92     | 0.02%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Northern Virginia Transportation Commission                 | NORTHERN VIRGINA TRANSPRTN COMMN TRANSPRTN DIST SPL OBLIG    | CUSIP: 66604PAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110210.00   | 1.81%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     17000 | PA      | $12367.50     | 0.02%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Loudoun County Economic Development Authority               | LOUDOUN CNTY VA ECON DEV AUTH REVENUE                        | CUSIP: 54601TAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $480135.00    | 0.78%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salem Economic Development Authority                        | SALEM VA ECON DEV AUTH EDUCTNL FACS REVENUE                  | CUSIP: 794565AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $489478.50    | 0.80%             | 2038-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647KY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1335437.50   | 2.18%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                         | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE               | CUSIP: 927780SK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2362289.45   | 3.86%             | 2031-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                 | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512525.00    | 0.84%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Amelia County Industrial Development Authority              | AMELIA CNTY VA INDL DEV AUTH SOL WST DISP REVENUE            | CUSIP: 023445AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $909392.40    | 1.49%             | 2027-04-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     22000 | PA      | $14287.68     | 0.02%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Harrisonburg Industrial Development Authority               | HARRISONBURG VA INDL DEV AUTH RSDL CARE FAC REVENUE          | CUSIP: 415674AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $776715.00    | 1.27%             | 2033-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                 | VIRGINIA ST SMALL BUSINESS FING AUTH SOL WST DISP FAC REVENU | CUSIP: 928106AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $57612.00     | 0.09%             | 2048-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport News VA Water Revenue                       | NEWPORT NEWS VA WTR REVENUE                                  | CUSIP: 652282BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071540.00   | 1.75%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority              | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782GM5<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062390.00   | 1.74%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                 | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104PB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $797880.00    | 1.30%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chesapeake Bay Bridge & Tunnel District                     | CHESAPEAKE BAY VA BRIDGE & TUNNEL DIST REVENUE               | CUSIP: 165141CB6<br>LEI: 549300JGWE66ZSSOYN09 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2617100.00   | 4.28%             | 2025-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    231000 | PA      | $58216.62     | 0.10%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Manassas Park Economic Development Authority                | MANASSAS VA PARK ECON DEV AUTH ECON DEV AUTH LEASE REVENUE   | CUSIP: 561812BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262852.50    | 0.43%             | 2033-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Arlington VA                                      | ARLINGTON CNTY VA                                            | CUSIP: 041431QN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082910.00   | 1.77%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisa Industrial Development Authority                     | LOUISA VA INDL DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 546068AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989690.00    | 1.62%             | 2035-11-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487960.00    | 0.80%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hanover County Economic Development Authority               | HANOVER CNTY VA ECON DEV AUTHRSDL CARE FAC REVENUE           | CUSIP: 41077CAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $218347.90    | 0.36%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    188000 | PA      | $35374.08     | 0.06%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $27893.10     | 0.05%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority            | JAMES CITY CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE       | CUSIP: 47029WDT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $298089.00    | 0.49%             | 2023-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647EQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023640.00   | 1.67%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                        | PUERTO RICO ELEC PWR AUTH PWR REVENUE                        | CUSIP: 74526QPM8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005160.00   | 1.64%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Norfolk Redevelopment & Housing Authority                   | NORFOLK VA REDEV & HSG AUTH REVENUE                          | CUSIP: 655909CK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979150.00    | 1.60%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albemarle County Economic Development Authority             | ALBEMARLE CNTY VA ECON DEV AUTH RSDL CARE FAC MTGE REVENUE   | CUSIP: 01266WAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150297.00    | 0.25%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington County Industrial Development Authority           | ARLINGTON CNTY VA INDL DEV AUTH HOSP FAC REVENUE             | CUSIP: 041438HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1193844.00   | 1.95%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818L2V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030240.00   | 1.68%             | 2032-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                          | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 9281726A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061210.00   | 1.73%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority            | JAMES CITY CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE       | CUSIP: 47029WDQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $485875.00    | 0.79%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Henrico VA Water & Sewer Revenue                  | HENRICO CNTY VA WTR & SWR REVENUE                            | CUSIP: 426170QE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1610445.00   | 2.63%             | 2031-05-01      | 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