# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001410368-26-040146
**Filing Date:** 2026-4
**Character Count:** 79389
**Document Hash:** 210cc527fd5426ccf83127489d421747
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-040146.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001410368-26-040146

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eaton Vance Municipals Trust
- **CENTRAL INDEX KEY:** 0000778365

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04409
- **FILM NUMBER:** 26892218

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE MUNICIPALS TRUST
- **DATE OF NAME CHANGE:** 19920703

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

## Series and Classes Contracts Data

### Eaton Vance Oregon Municipal Income Fund (Series ID: S000004852)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000013142 | Eaton Vance Oregon Municipal Income Fund Class A | ETORX           |
| C000013144 | Eaton Vance Oregon Municipal Income Fund Class C | ECORX           |
| C000092722 | Eaton Vance Oregon Municipal Income Fund Class I | EIORX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

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

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

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

- **b. EDGAR series identifier (if any):** S000004852

- **c. LEI of Series:** 549300RI38G2QKGDL216

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $261177099.69

**Total Liabilities:** $936946.27

**Net Assets:** $260240153.42

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -310.06000000 | **1-Year:** -9714.72000000 | **5-Year:** -35668.14000000 | **10-Year:** -96140.55000000 | **30-Year:** -24301.04000000

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

- **3-Month:** -29.10000000 | **1-Year:** -693.36000000 | **5-Year:** -2454.48000000 | **10-Year:** -2350.97000000 | **30-Year:** -595.05000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092722 | 0.05%                | 0.79%                | 1.41%                |
| Class ID C000013144 | 0.10%                | 0.66%                | 1.24%                |
| Class ID C000013142 | 0.03%                | 0.77%                | 1.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $185308.58               | $-589858.83                                |
| Month 2  | $134586.76               | $983794.61                                 |
| Month 3  | $141290.72               | $2546271.80                                |

**Designated Index Information**

- **Index Name:** BB Barclays Municipal Bd

- **Index Identifier:** MBINDEX

### Schedule of Portfolio Investments

| Name                                                                   | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Puerto Rico Electric Power Authority                                   | PUERTO RICO ELEC PWR AUTH PWRREVENUE                       | CUSIP: 74526Q2V3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2171835.91   | 0.83%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $793636.48    | 0.30%             | 2044-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Polk Marion & Benton Counties School District No 13J Central           | POLK MARION & BENTON OR SCH DIST #13J                      | CUSIP: 731418KN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $382683.90    | 0.15%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 686087B55<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1361010.74   | 0.52%             | 2034-07-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                   | CLACKAMAS OR CMNTY CLG DIST                                | CUSIP: 179390QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2666901.86   | 1.02%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Lincoln People's Utility District                              | CENTRL LINCOLN OR PEOPLES UTILITY DIST ELEC REVENUE        | CUSIP: 153879SF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $435470.88    | 0.17%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                          | WASHINGTON CNTY OR SCH DIST #13 BANKS                      | CUSIP: 938350FS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1441324.50   | 0.55%             | 2051-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                   | CLACKAMAS OR CMNTY CLG DIST                                | CUSIP: 179390NN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1278508.93   | 0.49%             | 2039-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon               | MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE                   | CUSIP: 62551PCY1<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2986031.70   | 1.15%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                     | OREGON ST HLTH & SCIENCE UNIV REVENUE                      | CUSIP: 685869HC6<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1558975.69   | 0.60%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                   | CLACKAMAS OR CMNTY CLG DIST                                | CUSIP: 179390NP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1625431.77   | 0.62%             | 2040-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                        | BEND OR                                                    | CUSIP: 081617VX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1411820.53   | 0.54%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Lincoln People's Utility District                              | CENTRL LINCOLN OR PEOPLES UTILITY DIST ELEC REVENUE        | CUSIP: 153879SD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $419462.25    | 0.16%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Beaverton OR Water Revenue                                     | BEAVERTON OR WTR REVENUE                                   | CUSIP: 07556MFX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64923.95     | 0.02%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $555560.95    | 0.21%             | 2040-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609UTG0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    600000 | PA      | $669593.58    | 0.26%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                            | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES            | CUSIP: 934312AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $296029.92    | 0.11%             | 2026-11-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $447896.01    | 0.17%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marion County School District No 1 Gervais/OR                          | MARION CNTY OR SCH DIST #1 GERVAIS                         | CUSIP: 569133DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2075845.89   | 0.80%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                        | BEND OR                                                    | CUSIP: 081617YG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $981263.72    | 0.38%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton       | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                 | CUSIP: 9384292B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $767562.88    | 0.29%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                          | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                | CUSIP: 02936TAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $270484.53    | 0.10%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport OR                                                     | NEWPORT OR                                                 | CUSIP: 652300LC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941798.50    | 0.36%             | 2028-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Water System Revenue                               | PORTLAND OR WTR SYS REVENUE                                | CUSIP: 736754QM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051617.90   | 0.40%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lake Oswego OR                                                 | LAKE OSWEGO OR                                             | CUSIP: 510390M61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $744395.46    | 0.29%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1261347.41   | 0.48%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                           | CLACKAMAS CNTY OR HOSP FAC AUTH REVENUE                    | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200201.50    | 0.08%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                 | CUSIP: 68608EJS2<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    870000 | PA      | $879471.86    | 0.34%             | 2042-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| City of Newport OR                                                     | NEWPORT OR                                                 | CUSIP: 652300LD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1066584.64   | 0.41%             | 2029-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                     | REDMOND OR                                                 | CUSIP: 757657WW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1029174.12   | 0.40%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $552831.80    | 0.21%             | 2043-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Water System Revenue                               | PORTLAND OR WTR SYS REVENUE                                | CUSIP: 736754TJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $202721.52    | 0.08%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes Public Library District                                      | DESCHUTES OR PUBLIC LIBRARY DIST                           | CUSIP: 250353BK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1386777.75   | 0.53%             | 2040-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Home Forward                                                           | PORTLAND OR HSG AUTH REVENUE                               | CUSIP: 736703FU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $287921.03    | 0.11%             | 2027-01-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Lake Oswego OR                                                 | LAKE OSWEGO OR                                             | CUSIP: 510390M95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2202587.23   | 0.85%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 7352403F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2575867.50   | 0.99%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $173361.44    | 0.07%             | 2026-07-01      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 51JT Riverdale       | MULTNOMAH-CLACKAMAS CNTYS OR RIVERDALE SCH DIST #51JT      | CUSIP: 625487EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1081695.42   | 0.42%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Central Lincoln People's Utility District                              | CENTRL LINCOLN OR PEOPLES UTILITY DIST ELEC REVENUE        | CUSIP: 153879SE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $468401.09    | 0.18%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                 | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE          | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2061209.85   | 0.79%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 8R Hermiston                        | UMATILLA CNTY OR SCH DIST #8 R HERMISTON                   | CUSIP: 904121PL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2560000 | PA      | $1241696.26   | 0.48%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                     | OREGON ST HLTH & SCIENCE UNIV REVENUE                      | CUSIP: 685869HD4<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2666533.23   | 1.02%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609TLP1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   6995000 | PA      | $7309402.17   | 2.81%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                            | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    750000 | PA      | $833421.00    | 0.32%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1815291.10   | 0.70%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742G92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4785000 | PA      | $5090292.09   | 1.96%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Linn County Community School District No 9 Lebanon/OR                  | LINN CNTY OR CMNTY SCH DIST #9 LEBANON                     | CUSIP: 535809EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $3064452.82   | 1.18%             | 2030-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                      | SALEM OR HOSP FAC AUTH REVENUE                             | CUSIP: 794458EU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $552410.28    | 0.21%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740XJ5<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1351343.13   | 0.52%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $631888.95    | 0.24%             | 2039-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                          | WASHINGTON CNTY OR SCH DIST #13 BANKS                      | CUSIP: 938350FR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1314345.00   | 0.51%             | 2044-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Electric Utility System Revenue                      | EUGENE OR ELEC UTILITY REVENUE                             | CUSIP: 298191X28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1299265.38   | 0.50%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609UBC8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 1.15%             | 2045-06-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                           | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE       | CUSIP: 68607DXT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $860212.20    | 0.33%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hillsboro OR                                                   | HILLSBORO OR                                               | CUSIP: 432092UJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2232030.36   | 0.86%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609B5V5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5900000.00   | 2.27%             | 2041-06-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740XQ9<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2116587.42   | 0.81%             | 2029-06-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 15 Forest Grove                   | WASHINGTON CNTY OR SCH DIST #15 FOREST GROVE               | CUSIP: 938361QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $430669.24    | 0.17%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 735240Q71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $889516.09    | 0.34%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 735240M67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1183600.97   | 0.45%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $474751.01    | 0.18%             | 2042-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 86 Canby                           | CLACKAMAS CNTY OR SCH DIST #86                             | CUSIP: 179198JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1204319.38   | 0.46%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1303387.75   | 0.50%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon               | MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE                   | CUSIP: 62551PCW5<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |    950000 | PA      | $956494.77    | 0.37%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Medford OR Sewer Revenue                                       | MEDFORD OR SWR REVENUE                                     | CUSIP: 584295CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1710705.85   | 0.66%             | 2048-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Astoria Hospital Facilities Authority                                  | ASTORIA OR HOSP FACS AUTH                                  | CUSIP: 046279CT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3436735.75   | 1.32%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                   | YAMHILL CNTY OR REVENUE                                    | CUSIP: 98464TBA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1197789.57   | 0.46%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 6860878C4<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3908436.46   | 1.50%             | 2040-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| City of West Linn OR                                                   | WEST LINN OR                                               | CUSIP: 954039PT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $772202.98    | 0.30%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tillamook County School District No 9 Tillamook                        | TILLAMOOK CNTY OR SCH DIST #9                              | CUSIP: 886835DU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $681971.52    | 0.26%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                   | UNIV OF OREGON OR GEN REVENUE                              | CUSIP: 914767AK4<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |    750000 | PA      | $829594.95    | 0.32%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton       | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                 | CUSIP: 9384292V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2694948.50   | 1.04%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Clackamas Counties School District No 23J Tigard-Tualatin | WASHINGTON & CLACKAMAS CNTYS OR SCH DIST #23 J TIGARD      | CUSIP: 938395TK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3371779.20   | 1.30%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                 | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS             | CUSIP: 179093KH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1696857.34   | 0.65%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Medford OR Sewer Revenue                                       | MEDFORD OR SWR REVENUE                                     | CUSIP: 584295CC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $321173.68    | 0.12%             | 2047-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| County of Tillamook OR                                                 | TILLAMOOK CNTY OR                                          | CUSIP: 886793FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $231201.78    | 0.09%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hermiston OR                                                   | HERMISTON OR                                               | CUSIP: 427542NX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $336345.46    | 0.13%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                  | MEDFORD OR HOSP FACS AUTH REVENUE                          | CUSIP: 584283HA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4515000 | PA      | $4687179.98   | 1.80%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JXF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5870000 | PA      | $5870000.00   | 2.26%             | 2034-08-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                          | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207296.76    | 0.08%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                            | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES            | CUSIP: 934312AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1311030.23   | 0.50%             | 2027-11-01      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                     | REDMOND OR                                                 | CUSIP: 757657UH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $605858.43    | 0.23%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243646.90    | 0.09%             | 2047-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                                | OREGON ST UNIV GEN REVENUE                                 | CUSIP: 68608WAV4<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2000796.62   | 0.77%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                   | PUERTO RICO ELEC PWR AUTH PWRREVENUE                       | CUSIP: 74526Q2M3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1064451.11   | 0.41%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 10JT Gresham-Barlow  | MULTNOMAH CLACKAMAS CNTYS OR SCH DIST #10JT GRESHAM-BARLOW | CUSIP: 625482HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1302289.42   | 0.50%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Lincoln People's Utility District                              | CENTRL LINCOLN OR PEOPLES UTILITY DIST ELEC REVENUE        | CUSIP: 153879SC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $395488.94    | 0.15%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $282319.27    | 0.11%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JSA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507053.45   | 0.58%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 1J Portland                        | MULTNOMAH CNTY OR SCH DIST #1J PORTLAND                    | CUSIP: 625517LF2<br>LEI: 5493002CTP8R8T4OPS64 | Long             | DBT              | MUN               | US        |   3530000 | PA      | $3395376.39   | 1.30%             | 2037-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 35 Molalla River                   | MOLALLA RIVER OR SCH DIST #35                              | CUSIP: 608479BD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $329811.08    | 0.13%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                            | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES            | CUSIP: 934312AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537353.15    | 0.21%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $455538.60    | 0.18%             | 2040-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District No 116 Winston-Dillard                  | DOUGLAS CNTY OR SCH DIST #116                              | CUSIP: 259507CB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $324842.91    | 0.12%             | 2036-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Medford OR Sewer Revenue                                       | MEDFORD OR SWR REVENUE                                     | CUSIP: 584295BS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $359111.16    | 0.14%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                                | OREGON ST UNIV GEN REVENUE                                 | CUSIP: 68608WBC5<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2861726.18   | 1.10%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740A43<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1411567.75   | 0.54%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $578136.70    | 0.22%             | 2038-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609BX69<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1655735.95   | 0.64%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $166514.39    | 0.06%             | 2028-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Water Utility System Revenue                         | EUGENE OR WTR REVENUE                                      | CUSIP: 298245MM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1637901.74   | 0.63%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $821974.00    | 0.32%             | 2041-07-01      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $267744.43    | 0.10%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 51JT Riverdale       | MULTNOMAH-CLACKAMAS CNTYS OR RIVERDALE SCH DIST #51JT      | CUSIP: 625487EP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916916.80    | 0.35%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tillamook County School District No 9 Tillamook                        | TILLAMOOK CNTY OR SCH DIST #9                              | CUSIP: 886835DV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $310002.03    | 0.12%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Forward                                                           | PORTLAND OR HSG AUTH REVENUE                               | CUSIP: 736703GT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1682419.87   | 0.65%             | 2029-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| County of Benton OR                                                    | BENTON CNTY OR                                             | CUSIP: 082805EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $916525.69    | 0.35%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro Economic Development Council                                 | HILLSBORO OR ECON DEV COUNCIL TAX INCR REVENUE             | CUSIP: 432094AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1135110.46   | 0.44%             | 2043-06-01      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds - MuniCash                                   | BlackRock Liquidity Funds - MuniCash                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1052965 | NS      | $1053070.72   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Medford OR Sewer Revenue                                       | MEDFORD OR SWR REVENUE                                     | CUSIP: 584295BU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $613363.45    | 0.24%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Benton & Polk School District No 17J                                   | PHILOMATH OR SCH DIST #17J BENTON & POLK CNTYS             | CUSIP: 718781CH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $617431.78    | 0.24%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 40 Creswell                             | LANE CNTY OR SCH DIST #40 CRESWELL                         | CUSIP: 515354ER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $598925.50    | 0.23%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139970.40   | 0.44%             | 2037-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 686087WV5<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    910000 | PA      | $910986.71    | 0.35%             | 2033-01-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Electric Utility System Revenue                      | EUGENE OR ELEC UTILITY REVENUE                             | CUSIP: 298191R25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1061453.54   | 0.41%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 735240P98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1572863.74   | 0.60%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No 2J Redmond/OR        | DESCHUTES & JEFFERSON CNTYS OR SCH DIST #2J REDMOND        | CUSIP: 250343GG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3045505.37   | 1.17%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740WJ6<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1104357.52   | 0.42%             | 2036-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Medford OR Sewer Revenue                                       | MEDFORD OR SWR REVENUE                                     | CUSIP: 584295CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1157122.26   | 0.44%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3710000 | PA      | $3788189.73   | 1.46%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742J99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1442730.88   | 0.55%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                            | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $534268.10    | 0.21%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $230508.53    | 0.09%             | 2030-07-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68607EPR8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105283.86    | 0.04%             | 2026-08-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Marion County School District No 1 Gervais/OR                          | MARION CNTY OR SCH DIST #1 GERVAIS                         | CUSIP: 569133CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2580130.71   | 0.99%             | 2044-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122833.90   | 0.43%             | 2039-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Redmond Area Park & Recreation District                                | REDMOND OR AREA PARK & RECREATION DISTRICT                 | CUSIP: 757660AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1277381.55   | 0.49%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Water Commission                                               | MEDFORD OR WTR COMMISSION WTR REVENUE                      | CUSIP: 584299AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3236697.97   | 1.24%             | 2049-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 686087Y84<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2019038.78   | 0.78%             | 2043-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                   | UNIV OF OREGON OR GEN REVENUE                              | CUSIP: 914767AD0<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1857195.85   | 0.71%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                      | SALEM OR HOSP FAC AUTH REVENUE                             | CUSIP: 794458FV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3090841.50   | 1.19%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                   | YAMHILL CNTY OR REVENUE                                    | CUSIP: 98464TAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $898241.49    | 0.35%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1607528.29   | 0.62%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 6860874M6<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    925000 | PA      | $935664.70    | 0.36%             | 2049-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of West Linn OR                                                   | WEST LINN OR                                               | CUSIP: 954039PS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $879411.02    | 0.34%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                 | CUSIP: 68608ENJ7<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2183094.68   | 0.84%             | 2043-11-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $239454.89    | 0.09%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JXD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4500000.00   | 1.73%             | 2034-08-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                      | PORT OF MORROW OR TRANSMISSION FACS REVENUE                | CUSIP: 73474TAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902204.20    | 0.35%             | 2036-09-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Deschutes County Administrative School District No 1 Bend-La Pine      | DESCHUTES CNTY OR ADMIN SCH DIST #1                        | CUSIP: 250325WJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $2039499.97   | 0.78%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                      | PORT OF MORROW OR TRANSMISSION FACS REVENUE                | CUSIP: 73474TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1244592.65   | 0.48%             | 2040-09-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                 | MULTNOMAH CNTY OR SCH DIST #40                             | CUSIP: 625693JS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1217182.84   | 0.47%             | 2053-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 735240X81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059679.60   | 0.79%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Medford OR Sewer Revenue                                       | MEDFORD OR SWR REVENUE                                     | CUSIP: 584295BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $490590.28    | 0.19%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro School District No 1J                                        | WASHINGTON MULTNOMAH & YAMHILL CNTYS OR SCH DIST #1J       | CUSIP: 939307JJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1652311.87   | 0.63%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609TXH6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.54%             | 2044-12-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Benton & Polk School District No 17J                                   | PHILOMATH OR SCH DIST #17J BENTON & POLK CNTYS             | CUSIP: 718781CF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937859.50    | 0.36%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                     | OREGON ST HLTH & SCIENCE UNIV REVENUE                      | CUSIP: 685869HE2<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1834982.93   | 0.71%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                   | YAMHILL CNTY OR REVENUE                                    | CUSIP: 98464TAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3005000 | PA      | $3055469.28   | 1.17%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                     | REDMOND OR                                                 | CUSIP: 757657YX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136005.16    | 0.05%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hillsboro OR                                                   | HILLSBORO OR                                               | CUSIP: 432092UD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1466558.61   | 0.56%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                       | SANDY OR                                                   | CUSIP: 800358FS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20999.55     | 0.01%             | 2044-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon              | TRI-CNTY MET TRANSPRTN DIST OR REVENUE                     | CUSIP: 89546RRU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2582060.70   | 0.99%             | 2044-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 1J Portland                        | MULTNOMAH CNTY OR SCH DIST #1J PORTLAND                    | CUSIP: 625517KG1<br>LEI: 5493002CTP8R8T4OPS64 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1936639.00   | 0.74%             | 2037-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 1J Portland                        | MULTNOMAH CNTY OR SCH DIST #1J PORTLAND                    | CUSIP: 625517QD2<br>LEI: 5493002CTP8R8T4OPS64 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2382727.21   | 0.92%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                   | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE               | CUSIP: 68607V6S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2867066.75   | 1.10%             | 2044-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                   | UNIV OF OREGON OR GEN REVENUE                              | CUSIP: 914767AL2<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2514818.16   | 0.97%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia County School District No 502                                 | COLUMBIA CNTY OR SCH DIST #502                             | CUSIP: 197558GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3056954.96   | 1.17%             | 2045-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JVR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1552500.77   | 0.60%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130829.90   | 0.43%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                           | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE       | CUSIP: 68607DUW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4630000 | PA      | $5005904.14   | 1.92%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                   | UNIV OF OREGON OR GEN REVENUE                              | CUSIP: 914767AC2<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |   4005000 | PA      | $4083238.88   | 1.57%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 7352404D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2197867.60   | 0.84%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 40 Creswell                             | LANE CNTY OR SCH DIST #40 CRESWELL                         | CUSIP: 515354EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $436393.30    | 0.17%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton       | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                 | CUSIP: 9384293B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2745488.28   | 1.05%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah-Clackamas Counties Centennial School District No 28JT/OR     | MULTNOMAH-CLACKAMAS CNTYS OR CENTENNIAL SCH DIST #28JT     | CUSIP: 625485DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1902695.76   | 0.73%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton       | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                 | CUSIP: 938429W78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $791524.04    | 0.30%             | 2034-06-15      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $318581.16    | 0.12%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $721553.31    | 0.28%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Water Commission                                               | MEDFORD OR WTR COMMISSION WTR REVENUE                      | CUSIP: 584299AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2403206.61   | 0.92%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hillsboro OR                                                   | HILLSBORO OR                                               | CUSIP: 432092UK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2189226.80   | 0.84%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tualatin Valley Water District                                         | TUALATIN VLY OR WTR DIST WTR REVENUE                       | CUSIP: 89855PEU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1709855.63   | 0.66%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609UVZ5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    365000 | PA      | $389902.86    | 0.15%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                       | SANDY OR                                                   | CUSIP: 800358FW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $336228.13    | 0.13%             | 2048-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                      | SALEM OR HOSP FAC AUTH REVENUE                             | CUSIP: 794458GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $742193.78    | 0.29%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-18

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer