# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-23-014883
**Filing Date:** 2023-1
**Character Count:** 84841
**Document Hash:** 749ee5a1c83c4e4a6e0cea2a562fb1f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014883.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014883

**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:** 23557039

**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 South Carolina Municipal Income Fund (Series ID: S000004855)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000013151 | Eaton Vance South Carolina Municipal Income Fund Class A | EASCX           |
| C000013153 | Eaton Vance South Carolina Municipal Income Fund Class C | ECSCX           |
| C000063952 | Eaton Vance South Carolina Municipal Income Fund Class I | EISCX           |

## Nport-Ex

Eaton Vance<br>

South Carolina Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 98.9%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 11.0% | Education — 11.0% | Education — 11.0% |
| Center for Arts and Health Sciences Public Facilities Corp., SC, (Greenville Technical College), 5.00%, 10/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;$394093 |
| Clemson University, SC, 5.00%, 5/1/26 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2141840 |
| Florence-Darlington Commission for Technical Education, SC, 5.00%, 3/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 608652 |
| South Carolina Jobs-Economic Development Authority, (Furman University): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/32 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2086700 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2070280 |
| South Carolina Jobs-Economic Development Authority, (Wofford College): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;590 | &nbsp;&nbsp;&nbsp;&nbsp; 638828 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1031660 |
| University of South Carolina, 5.00%, 5/1/46 | 3985 | &nbsp;&nbsp;&nbsp;&nbsp; 4303242 |
| University of South Carolina, (Moore School of Business): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 421456 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;740 | &nbsp;&nbsp;&nbsp;&nbsp; 808184 |
| University of South Carolina, Athletic Facilities, 5.00%, 5/1/37 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1598010 |
| University of South Carolina, Higher Education, 5.00%, 5/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 603846 |
|  |  | &nbsp;&nbsp;**$16706791** |
| Electric Utilities — 4.3% | Electric Utilities — 4.3% | Electric Utilities — 4.3% |
| Piedmont Municipal Power Agency, SC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/28 | $1600 | &nbsp;&nbsp;$1643408 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/24 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 255913 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1038980 |
| South Carolina Public Service Authority: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/37 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2041140 |
| &nbsp;&nbsp;&nbsp;5.50%, 12/1/40 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1625955 |
|  |  | &nbsp;&nbsp;**$6605396** |
| Escrowed/Prerefunded — 4.2% | Escrowed/Prerefunded — 4.2% | Escrowed/Prerefunded — 4.2% |
| Columbia, SC, Waterworks and Sewer System Revenue, Prerefunded to 2/1/29, 5.00%, 2/1/49 | $1000 | &nbsp;&nbsp;$1127910 |
| Georgetown County, SC: |  |  |
| &nbsp;&nbsp;&nbsp;Prerefunded to 3/1/23, 5.00%, 3/1/31 | 2510 | &nbsp;&nbsp;&nbsp;&nbsp; 2525788 |
| &nbsp;&nbsp;&nbsp;Prerefunded to 3/1/23, 5.00%, 3/1/33 | 2750 | &nbsp;&nbsp;&nbsp;&nbsp; 2767297 |
|  |  | &nbsp;&nbsp;**$6420995** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations — 23.3% | General Obligations — 23.3% | General Obligations — 23.3% |
| Aiken County Consolidated School District, SC, 4.00%, 4/1/37 | $&nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;$714392 |
| Anderson County School District No. 5, SC, 5.00%, 3/1/30 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2143040 |
| Berkeley County School District, SC, 5.00%, 6/1/23 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4047400 |
| Charleston County, SC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/1/26 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1558470 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/1/31 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1611210 |
| Colleton County School District, SC, 5.00%, 3/1/25 | 1060 | &nbsp;&nbsp;&nbsp;&nbsp; 1115258 |
| Georgetown County School District, SC, 4.00%, 3/1/33 | 2115 | &nbsp;&nbsp;&nbsp;&nbsp; 2200996 |
| Hilton Head Island, SC, 4.00%, 3/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;565 | &nbsp;&nbsp;&nbsp;&nbsp; 582080 |
| Horry County School District, SC: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 3/1/24 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1544445 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/1/25 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1576185 |
| Horry County, SC, 5.00%, 3/1/34 | 3235 | &nbsp;&nbsp;&nbsp;&nbsp; 3750432 |
| Lancaster County School District, SC, 4.00%, 3/1/30 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1566405 |
| Laurens County, SC, 5.00%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;715 | &nbsp;&nbsp;&nbsp;&nbsp; 807264 |
| Lexington County School District No. 1, SC, 5.00%, 2/1/26 | 1060 | &nbsp;&nbsp;&nbsp;&nbsp; 1136129 |
| Oconee County School District, SC, 5.00%, 3/1/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1052130 |
| Puerto Rico, 5.625%, 7/1/29 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1281312 |
| Richland County School District No. 2, SC, 4.00%, 3/1/32 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2119440 |
| Richland-Lexington Airport District, SC: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 3/1/24 | &nbsp;&nbsp;&nbsp;&nbsp;685 | &nbsp;&nbsp;&nbsp;&nbsp; 687021 |
| &nbsp;&nbsp;&nbsp;(AMT), Prerefunded to 3/1/23, 3.00%, 3/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;580 | &nbsp;&nbsp;&nbsp;&nbsp; 580516 |
| South Carolina, (Air Carrier Hub Terminal A), 1.00%, 4/1/25 | 4275 | &nbsp;&nbsp;&nbsp;&nbsp; 4116868 |
| Spartanburg County School District No. 7, SC, 5.00%, 3/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1082860 |
|  |  | &nbsp;&nbsp;**$35273853** |
| Hospital — 11.7% | Hospital — 11.7% | Hospital — 11.7% |
| Florence County, SC, (McLeod Regional Medical Center), 5.00%, 11/1/30 | $1500 | &nbsp;&nbsp;$1555905 |
| Greenville Health System, SC, 5.00%, 5/1/31 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1523670 |
| Lexington County Health Services District, Inc., SC, (Lexington Medical Center): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/1/31 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1147500 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 642510 |
| South Carolina Jobs-Economic Development Authority, (AnMed Health), 5.00%, 2/1/36 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2565550 |
| South Carolina Jobs-Economic Development Authority, (Bon Secours Mercy Health, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 929190 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1089680 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1047200 |

---

------

Eaton Vance<br>

South Carolina Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital (continued) | Hospital (continued) | Hospital (continued) |
| South Carolina Jobs-Economic Development Authority, (McLeod Health), 5.00%, 11/1/48 | $1500 | &nbsp;&nbsp;$1551930 |
| South Carolina Jobs-Economic Development Authority, (Prisma Health Obligated Group), 5.00%, 5/1/36 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1564230 |
| Spartanburg Regional Health Services District, Inc., SC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/15/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 991040 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/15/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1075440 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/15/48 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2039840 |
|  |  | &nbsp;&nbsp;**$17723685** |
| Housing — 2.9% | Housing — 2.9% | Housing — 2.9% |
| South Carolina Housing Finance and Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;2.60%, 9/1/23 | $2500 | &nbsp;&nbsp;$2495825 |
| &nbsp;&nbsp;&nbsp;4.20%, 7/1/42 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1447620 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 436700 |
|  |  | &nbsp;&nbsp;**$4380145** |
| Industrial Development Revenue — 1.1% | Industrial Development Revenue — 1.1% | Industrial Development Revenue — 1.1% |
| Richland County, SC, (International Paper Co.), (AMT), 3.875%, 4/1/23 | $1670 | &nbsp;&nbsp;$1670267 |
|  |  | &nbsp;&nbsp;**$1670267** |
| Insured - Electric Utilities — 3.5% | Insured - Electric Utilities — 3.5% | Insured - Electric Utilities — 3.5% |
| Piedmont Municipal Power Agency, SC, (NPFG), 0.00%, 1/1/23 | $1090 | &nbsp;&nbsp;$1087406 |
| Puerto Rico Electric Power Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/29 | 1075 | &nbsp;&nbsp;&nbsp;&nbsp; 1080547 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/32 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1348623 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/34 | 1820 | &nbsp;&nbsp;&nbsp;&nbsp; 1808989 |
|  |  | &nbsp;&nbsp;**$5325565** |
| Insured - Lease Revenue/Certificates of Participation — 1.5% | Insured - Lease Revenue/Certificates of Participation — 1.5% | Insured - Lease Revenue/Certificates of Participation — 1.5% |
| Sumter Two School Facilities, Inc., SC, (Sumter School District): |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 12/1/23 | $1000 | &nbsp;&nbsp;$1022400 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 12/1/24 | 1280 | &nbsp;&nbsp;&nbsp;&nbsp; 1331827 |
|  |  | &nbsp;&nbsp;**$2354227** |
| Insured - Special Tax Revenue — 2.5% | Insured - Special Tax Revenue — 2.5% | Insured - Special Tax Revenue — 2.5% |
| Simpsonville, SC, Accommodations and Hospitality Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;(AGM), 3.00%, 1/1/23 | $&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;$200060 |
| &nbsp;&nbsp;&nbsp;(AGM), 4.00%, 1/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp; 132863 |
| &nbsp;&nbsp;&nbsp;(AGM), 4.00%, 1/1/35 | 1085 | &nbsp;&nbsp;&nbsp;&nbsp; 1093137 |
| &nbsp;&nbsp;&nbsp;(AGM), 5.00%, 1/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 540025 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Special Tax Revenue (continued) | Insured - Special Tax Revenue (continued) | Insured - Special Tax Revenue (continued) |
| Simpsonville, SC, Accommodations and Hospitality Tax Revenue: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;(AGM), 5.00%, 1/1/28 | $&nbsp;&nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;$399814 |
| &nbsp;&nbsp;&nbsp;(AGM), 5.00%, 1/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp; 344593 |
| &nbsp;&nbsp;&nbsp;(AGM), 5.00%, 1/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 563950 |
| &nbsp;&nbsp;&nbsp;(AGM), 5.00%, 1/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp; 514314 |
|  |  | &nbsp;&nbsp;**$3788756** |
| Insured - Transportation — 0.4% | Insured - Transportation — 0.4% | Insured - Transportation — 0.4% |
| Puerto Rico Highway and Transportation Authority, (AGC), 5.25%, 7/1/41 | $&nbsp;&nbsp;&nbsp;&nbsp;570 | &nbsp;&nbsp;$564237 |
|  |  | &nbsp;&nbsp;**$564237** |
| Insured - Utilities — 2.6% | Insured - Utilities — 2.6% | Insured - Utilities — 2.6% |
| Greer, SC, Combined Utility System: |  |  |
| &nbsp;&nbsp;&nbsp;(AMBAC), 5.50%, 9/1/27 | $1000 | &nbsp;&nbsp;$1088670 |
| &nbsp;&nbsp;&nbsp;(AMBAC), 5.50%, 9/1/32 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2283600 |
| Newberry, SC, (Combined Public Utility System), (AGM), 5.00%, 4/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 522385 |
|  |  | &nbsp;&nbsp;**$3894655** |
| Insured - Water and Sewer — 0.7% | Insured - Water and Sewer — 0.7% | Insured - Water and Sewer — 0.7% |
| Starr-Iva Water and Sewer District, SC: |  |  |
| &nbsp;&nbsp;&nbsp;(AGM), 3.00%, 6/1/32 | $&nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;$172121 |
| &nbsp;&nbsp;&nbsp;(AGM), 4.00%, 6/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;145 | &nbsp;&nbsp;&nbsp;&nbsp; 152568 |
| &nbsp;&nbsp;&nbsp;(AGM), 4.00%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 158954 |
| &nbsp;&nbsp;&nbsp;(AGM), 4.00%, 6/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;160 | &nbsp;&nbsp;&nbsp;&nbsp; 169526 |
| &nbsp;&nbsp;&nbsp;(AGM), 4.00%, 6/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;170 | &nbsp;&nbsp;&nbsp;&nbsp; 180557 |
| &nbsp;&nbsp;&nbsp;(AGM), 4.00%, 6/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;170 | &nbsp;&nbsp;&nbsp;&nbsp; 180650 |
|  |  | &nbsp;&nbsp;**$1014376** |
| Lease Revenue/Certificates of Participation — 8.2% | Lease Revenue/Certificates of Participation — 8.2% | Lease Revenue/Certificates of Participation — 8.2% |
| Allendale County School District, SC, (Refunding & Improvement): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/22 | $1155 | &nbsp;&nbsp;$1155000 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/24 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 517390 |
| Charleston Educational Excellence Financing Corp., SC, (Charleston County School District): |  |  |
| &nbsp;&nbsp;&nbsp;Prerefunded to 12/1/23, 5.00%, 12/1/30 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2047200 |
| &nbsp;&nbsp;&nbsp;Prerefunded to 12/1/23, 5.00%, 12/1/30<sup>(1)</sup> | 3875 | &nbsp;&nbsp;&nbsp;&nbsp; 3966450 |
| Dorchester County School District No. 2, SC, (Growth Installment Purchase), 5.00%, 12/1/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1022950 |
| Securing Assets for Education, SC, (Berkeley County School District), 5.00%, 12/1/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1022950 |
| Simpsonville Municipal Facilities Corp., SC: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 4/1/23 | &nbsp;&nbsp;&nbsp;&nbsp;185 | &nbsp;&nbsp;&nbsp;&nbsp; 185263 |

---

------

Eaton Vance<br>

South Carolina Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) |
| Simpsonville Municipal Facilities Corp., SC: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 4/1/24 | $&nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;$401492 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp; 486735 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 264897 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;610 | &nbsp;&nbsp;&nbsp;&nbsp; 632808 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;685 | &nbsp;&nbsp;&nbsp;&nbsp; 699077 |
|  |  | &nbsp;&nbsp;**$12402212** |
| Other Revenue — 1.3% | Other Revenue — 1.3% | Other Revenue — 1.3% |
| Patriots Energy Group Financing Agency, SC, Gas Supply Revenue, (Liq: Royal Bank of Canada), 4.00% to 2/1/24 (Put Date), 10/1/48 | $2000 | &nbsp;&nbsp;$2007460 |
|  |  | &nbsp;&nbsp;**$2007460** |
| Senior Living/Life Care — 1.9% | Senior Living/Life Care — 1.9% | Senior Living/Life Care — 1.9% |
| South Carolina Jobs-Economic Development Authority, (ACTS Retirement-Life Communities, Inc. Obligated Group), 5.00%, 11/15/47 | $1000 | &nbsp;&nbsp;$970830 |
| South Carolina Jobs-Economic Development Authority, (Bishop Gadsden Episcopal Retirement Community), 4.00%, 4/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;&nbsp;&nbsp; 452315 |
| South Carolina Jobs-Economic Development Authority, (Kiawah Life Plan Village, Inc.), 8.75%, 7/1/25<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp; 526463 |
| South Carolina Jobs-Economic Development Authority, (South Carolina Episcopal Home at Still Hopes), 5.00%, 4/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp; 628051 |
| South Carolina Jobs-Economic Development Authority, (Woodlands at Furman), 5.00%, 11/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;285 | &nbsp;&nbsp;&nbsp;&nbsp; 262032 |
|  |  | &nbsp;&nbsp;**$2839691** |
| Special Tax Revenue — 2.8% | Special Tax Revenue — 2.8% | Special Tax Revenue — 2.8% |
| American Samoa Economic Development Authority, 5.00%, 9/1/38<sup>(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$300813 |
| Greenville County, SC, Special Source Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 389021 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp; 252376 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp;&nbsp; 368735 |
| Hilton Head Island, SC, (Beach Preservation Fee Pledge), 5.00%, 8/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 423848 |
| Myrtle Beach, SC, (Hospitality Fee), 5.00%, 6/1/26 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1032950 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1423215 |
|  |  | &nbsp;&nbsp;**$4190958** |
| Transportation — 5.8% | Transportation — 5.8% | Transportation — 5.8% |
| Horry County, SC, Airport Revenue, 4.00%, 7/1/40 | $2070 | &nbsp;&nbsp;$2003739 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation (continued) | Transportation (continued) | Transportation (continued) |
| South Carolina Ports Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/34 | $1355 | &nbsp;&nbsp;$1435175 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/43 | 1450 | &nbsp;&nbsp;&nbsp;&nbsp; 1488759 |
| South Carolina Transportation Infrastructure Bank: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/28 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2061200 |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/33 | 1675 | &nbsp;&nbsp;&nbsp;&nbsp; 1751933 |
|  |  | &nbsp;&nbsp;**$8740806** |
| Water and Sewer — 9.2% | Water and Sewer — 9.2% | Water and Sewer — 9.2% |
| Charleston, SC, Waterworks and Sewer System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/29 | $1550 | &nbsp;&nbsp;$1691252 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1121100 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/38 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1676835 |
| Columbia, SC, Waterworks and Sewer System Revenue, 4.00%, 2/1/34 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2090700 |
| Lexington, SC, Waterworks and Sewer System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp; 704994 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 261863 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 261240 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 972620 |
| Mount Pleasant, SC, Waterworks and Sewer System Revenue, 5.00%, 6/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1071250 |
| Richland County, SC, Utility System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp; 922734 |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp; 636678 |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp; 331584 |
| South Island Public Service District, SC, Waterworks and Sewer System Revenue, 5.00%, 4/1/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1081360 |
| Startex-Jackson-Wellford-Duncan Water District, SC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp; 494988 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 257340 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp; 296699 |
|  |  | &nbsp;&nbsp;**$13873237** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $154,982,536) |  | &nbsp;&nbsp;**$149777312** |

---

Taxable Municipal Obligations — 1.8%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation — 0.2% | Lease Revenue/Certificates of Participation — 0.2% | Lease Revenue/Certificates of Participation — 0.2% |
| Florence Public Facilities Corp., SC, 3.086%, 11/1/40 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$371305 |
|  |  | &nbsp;&nbsp;**$371305** |

---

------

Eaton Vance<br>

South Carolina Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Other Revenue — 1.2% | Other Revenue — 1.2% | Other Revenue — 1.2% |
| Greenville County, SC, Hospitality Tax Revenue, 1.56%, 4/1/27 | $2000 | &nbsp;&nbsp;$1751420 |
|  |  | &nbsp;&nbsp;**$1751420** |
| Student Loan — 0.4% | Student Loan — 0.4% | Student Loan — 0.4% |
| South Carolina Student Loan Corp., 3.593%, 12/1/39 | $&nbsp;&nbsp;&nbsp;&nbsp;735 | &nbsp;&nbsp;$573035 |
|  |  | &nbsp;&nbsp;**$573035** |
| Total Taxable Municipal Obligations<br> (identified cost $3,235,000) |  | &nbsp;&nbsp;**$2695760** |
| Total Investments — 100.7%<br> (identified cost $158,217,536) |  | &nbsp;&nbsp;**$152473072** |
| Other Assets, Less Liabilities — (0.7)% |  | &nbsp;&nbsp;**$(1120891)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$151352181** |

---

---

| | |
|:---|:---|
| 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 $827,276 or 0.5% of the Fund's net assets. |

---

The Fund invests primarily in debt securities issued by South Carolina municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At November 30, 2022, 11.1% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.4% to 3.5% of total investments.

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AGC | – Assured Guaranty Corp. |
| AGM | – Assured Guaranty Municipal Corp. |
| AMBAC | – AMBAC Financial Group, Inc. |
| AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
| BAM | – Build America Mutual Assurance Co. |
| Liq | – Liquidity Provider |
| 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.

------

Eaton Vance<br>

South Carolina Municipal Income Fund

November 30, 2022

Portfolio of Investments (Unaudited) — continued

------

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;$149777312 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$149777312 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2695760 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2695760 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$152473072** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$152473072** |

---

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 South Carolina Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000004855

- **c. LEI of Series:** 549300VZ1FSIJK537U69

**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:** $155859530.74

**Total Liabilities:** $3694343.47

**Net Assets:** $152165187.27

**Cash Not Reported:** $880281.09

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -434.90000000 | **1-Year:** -7457.16000000 | **5-Year:** -25197.37000000 | **10-Year:** -30787.16000000 | **30-Year:** -4169.73000000

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

- **3-Month:** -5.71000000 | **1-Year:** -130.32000000 | **5-Year:** -1102.30000000 | **10-Year:** -990.77000000 | **30-Year:** -392.11000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013151 | -2.84%               | -0.41%               | 3.44%                |
| Class ID C000013153 | -2.84%               | -0.56%               | 3.42%                |
| Class ID C000063952 | -2.71%               | -0.52%               | 3.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-729301.75              | $-3861607.28                               |
| Month 2  | $0.00                    | $-950093.30                                |
| Month 3  | $-103641.24              | $5002026.04                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Piedmont Municipal Power Agency                                  | PIEDMONT SC MUNI PWR AGY ELEC REVENUE                        | CUSIP: 720175YH5<br>LEI: 549300C7VOBGIG4OD375 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038980.00   | 0.68%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Piedmont Municipal Power Agency                                  | PIEDMONT SC MUNI PWR AGY ELEC REVENUE                        | CUSIP: 720175SC3<br>LEI: 549300C7VOBGIG4OD375 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1087405.80   | 0.71%             | 2023-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE       | CUSIP: 83703EMT9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089680.00   | 0.72%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia SC Waterworks & Sewer System Revenue            | COLUMBIA SC WTRWKS & SWR SYS                                 | CUSIP: 198504B92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2090700.00   | 1.37%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Island Public Service District/SC                          | S ISLAND SC PUBLIC SVC DIST WTRWKS & SWR SYS REVENUE         | CUSIP: 838466DP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081360.00   | 0.71%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151RQ4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041140.00   | 1.34%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Richland SC                                            | RICHLAND CNTY SC ENVRNMNTL IMPT REVENUE                      | CUSIP: 76363PAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1670267.20   | 1.10%             | 2023-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Horry County School District/SC                                  | HORRY CNTY SC SCH DIST                                       | CUSIP: 440673K26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1544445.00   | 1.01%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aiken County Consolidated School District/SC                     | AIKEN CNTY SC CONSOL SCH DIST                                | CUSIP: 008770RP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $714392.00    | 0.47%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Lexington SC Waterworks & Sewer System Revenue           | LEXINGTON SC WTRWKS & SWR REVENUE                            | CUSIP: 529616FJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261240.00    | 0.17%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Simpsonville SC Accommodations & Hospitality Tax Revenue | SIMPSONVILLE SC ACCOMMODATIONS TAX & HOSPITALITY TAX REVENUE | CUSIP: 829150AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $344592.90    | 0.23%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charleston Educational Excellence Finance Corp                   | CHARLESTON SC EDUCTNL EXCELLENCE FIN CORP REVENUE            | CUSIP: 160131DB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047200.00   | 1.35%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charleston SC Waterworks & Sewer System Revenue          | CHARLESTON SC WTRWKS & SWR REVENUE                           | CUSIP: 160429XR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1676835.00   | 1.10%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of South Carolina                                     | UNIV OF SOUTH CAROLINA SC ATHLETIC FACS REVENUE              | CUSIP: 914849JG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1598010.00   | 1.05%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Lexington SC Waterworks & Sewer System Revenue           | LEXINGTON SC WTRWKS & SWR REVENUE                            | CUSIP: 529616FG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $704994.10    | 0.46%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Newberry SC                                              | NEWBERRY SC COMB PUBLIC UTILITY REVENUE                      | CUSIP: 650740LD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522385.00    | 0.34%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE       | CUSIP: 83703EMQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929190.00    | 0.61%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Charleston SC Waterworks & Sewer System Revenue          | CHARLESTON SC WTRWKS & SWR REVENUE                           | CUSIP: 160429XQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1121100.00   | 0.74%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Starr-Iva Water & Sewer District                                 | STARR-IVA WTR & SWR DIST SC                                  | CUSIP: 855610AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $172121.40    | 0.11%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Piedmont Municipal Power Agency                                  | PIEDMONT SC MUNI PWR AGY ELEC REVENUE                        | CUSIP: 720175ZV3<br>LEI: 549300C7VOBGIG4OD375 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1643408.00   | 1.08%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Lexington SC Waterworks & Sewer System Revenue           | LEXINGTON SC WTRWKS & SWR REVENUE                            | CUSIP: 529616FH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261862.50    | 0.17%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clemson University                                               | CLEMSON SC UNIV HGR EDU REVENUE                              | CUSIP: 185633BF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2141840.00   | 1.41%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAK0<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007460.00   | 1.32%             | 2048-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Simpsonville SC Accommodations & Hospitality Tax Revenue | SIMPSONVILLE SC ACCOMMODATIONS TAX & HOSPITALITY TAX REVENUE | CUSIP: 829150AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1093137.50   | 0.72%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Starr-Iva Water & Sewer District                                 | STARR-IVA WTR & SWR DIST SC                                  | CUSIP: 855610AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $180557.00    | 0.12%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Simpsonville Municipal Facilities Corp                           | SIMPSONVILLE SC MUNI FACS CORP INSTALLMENT PURCHASE REVENUE  | CUSIP: 82915AAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $486735.20    | 0.32%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florence-Darlington Commission for Technical Education           | FLORENCE-DARLINGTON SC COMMISSION FOR TECH EDU SPL FEE REVEN | CUSIP: 340168BK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $608652.00    | 0.40%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oconee County School District/SC                                 | OCONEE CNTY SC SCH DIST                                      | CUSIP: 675600RH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052130.00   | 0.69%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Lexington SC Waterworks & Sewer System Revenue           | LEXINGTON SC WTR & SWR REVENUE                               | CUSIP: 529607FD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972620.00    | 0.64%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Richland-Lexington Airport District                              | RICHLAND-LEXINGTON SC ARPT DIST                              | CUSIP: 763784EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $687020.75    | 0.45%             | 2024-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allendale County School District/SC                              | ALLENDALE CNTY SC SCH DIST ENERGY SAVINGS SPL OBLG           | CUSIP: 018171AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517390.00    | 0.34%             | 2024-12-01      | 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        |   1500000 | PA      | $1423215.00   | 0.94%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sumter Two School Facilities Inc                                 | SUMTER TWO SCH FACS INC SC INSTALLMENT PURCHASE REVENUE      | CUSIP: 866613BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1331827.20   | 0.88%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Startex-Jackson-Wellford-Duncan Water District                   | STARTEX-JACKSON ETC SC WTR DIST WTRWKS SYS REVENUE           | CUSIP: 85572XAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $296699.30    | 0.19%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richland County School District No 2/SC                          | RICHLAND CNTY SC SCH DIST #2                                 | CUSIP: 763682M81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2119440.00   | 1.39%             | 2032-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA JOBS-ECON DEV AUTH                            | CUSIP: 83704EAA2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970830.00    | 0.64%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                | SOUTH CAROLINA ST TRANSPRTN INFRASTRUCTURE BANK REVENUE      | CUSIP: 837152VS3<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1751932.75   | 1.15%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Richland SC Utility System Revenue                     | RICHLAND CNTY SC UTILITY SYS REVENUE                         | CUSIP: 76370PAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $922734.00    | 0.61%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston SC                                          | CHARLESTON CNTY SC                                           | CUSIP: 160069XG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1558470.00   | 1.02%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sumter Two School Facilities Inc                                 | SUMTER TWO SCH FACS INC SC INSTALLMENT PURCHASE REVENUE      | CUSIP: 866613BB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022400.00   | 0.67%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County School District/SC                              | LANCASTER CNTY SC SCH DIST                                   | CUSIP: 514120MC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1566405.00   | 1.03%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Starr-Iva Water & Sewer District                                 | STARR-IVA WTR & SWR DIST SC                                  | CUSIP: 855610AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $152567.55    | 0.10%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston SC                                          | CHARLESTON CNTY SC                                           | CUSIP: 160069D23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1611210.00   | 1.06%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dorchester County School District No 2                           | DORCHESTER CNTY SC SCH DIST #2 INSTALLMENT PURCHASE REVENUE  | CUSIP: 258174CA7<br>LEI: 549300NRXH6F8FYXXH15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022950.00   | 0.67%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH RSDL FACS REVENUE       | CUSIP: 83704CAS7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    640000 | PA      | $628051.20    | 0.41%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia SC Waterworks & Sewer System Revenue            | COLUMBIA SC WTRWKS & SWR SYS                                 | CUSIP: 198504ZV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1127910.00   | 0.74%             | 2049-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA JOBS-ECON DEV AUTH                            | CUSIP: 83704EAB0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    510000 | PA      | $526462.80    | 0.35%             | 2025-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Spartanburg Regional Health Services District                    | SPARTANBURG SC REGL HLTH SVCS DIST INC HOSP REVENUE          | CUSIP: 847113CH8<br>LEI: 549300CVHLQ72HQF3340 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039840.00   | 1.34%             | 2048-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of South Carolina                                     | UNIV OF SOUTH CAROLINA SC HGREDU REVENUE                     | CUSIP: 913367FN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3985000 | PA      | $4303242.10   | 2.83%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charleston SC Waterworks & Sewer System Revenue          | CHARLESTON SC WTRWKS & SWR REVENUE                           | CUSIP: 160429VR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1691251.50   | 1.11%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of South Carolina                                          | SOUTH CAROLINA ST                                            | CUSIP: 83710D2C1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4116867.75   | 2.71%             | 2025-04-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Starr-Iva Water & Sewer District                                 | STARR-IVA WTR & SWR DIST SC                                  | CUSIP: 855610AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158953.50    | 0.10%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Hilton Head Island SC                                    | HILTON HEAD ISLAND SC                                        | CUSIP: 432841QB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $582079.95    | 0.38%             | 2025-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Greenville SC                                          | GREENVILLE CNTY SC SPL SOURCE REVENUE                        | CUSIP: 396068FE3<br>LEI: 5493004ZBLGUOOVQR793 | Long             | DBT              | MUN               | US        |    325000 | PA      | $368735.25    | 0.24%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Simpsonville SC Accommodations & Hospitality Tax Revenue | SIMPSONVILLE SC ACCOMMODATIONS TAX & HOSPITALITY TAX REVENUE | CUSIP: 829150AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200060.00    | 0.13%             | 2023-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Charleston Educational Excellence Finance Corp                   | CHARLESTON SC EDUCTNL EXCELLENCE FIN CORP REVENUE            | CUSIP: 160131DB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $3966450.00   | 2.61%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Georgetown SC                                          | GEORGETOWN CNTY SC                                           | CUSIP: 372622FR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2510000 | PA      | $2525787.90   | 1.66%             | 2031-03-01      | 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    | 0.20%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Center for Arts & Health Sciences Public Facilities Corp         | CENTER FOR ARTS & HEALTH SCIENCES PUB FACS CORP INSTALLMENT  | CUSIP: 151391AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $394093.00    | 0.26%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Simpsonville Municipal Facilities Corp                           | SIMPSONVILLE SC MUNI FACS CORP INSTALLMENT PURCHASE REVENUE  | CUSIP: 82915AAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264897.50    | 0.17%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Anderson County School District No 5/SC                          | ANDERSON CNTY SC SCH DIST #5                                 | CUSIP: 033753QB3<br>LEI: 549300L05WYQWAQXHB66 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2143040.00   | 1.41%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Horry SC Airport Revenue                               | HORRY CNTY SC ARPT REVENUE                                   | CUSIP: 44066MEW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2003739.30   | 1.32%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Mount Pleasent SC Water & Sewer Revenue                  | MOUNT PLEASANT SC WTR & SWR REVENUE                          | CUSIP: 622634FS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071250.00   | 0.70%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Horry SC                                               | HORRY CNTY SC                                                | CUSIP: 440668YC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3235000 | PA      | $3750432.55   | 2.46%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                | SOUTH CAROLINA ST TRANSPRTN INFRASTRUCTURE BANK REVENUE      | CUSIP: 837152UC9<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061200.00   | 1.35%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                             | PUERTO RICO ELEC PWR AUTH PWR REVENUE                        | CUSIP: 74526QPS5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1808989.00   | 1.19%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Spartanburg Regional Health Services District                    | SPARTANBURG SC REGL HLTH SVCS DIST INC HOSP REVENUE          | CUSIP: 847113EA1<br>LEI: 549300CVHLQ72HQF3340 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991040.00    | 0.65%             | 2037-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                             | PUERTO RICO ELEC PWR AUTH PWR REVENUE                        | CUSIP: 74526QPQ9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1348623.00   | 0.89%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Greenville Health System                                         | GREENVILLE SC HOSP SYS BRD HOSP FACS REVENUE                 | CUSIP: 396080KC6<br>LEI: 549300CT091FFAL47464 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523670.00   | 1.00%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Simpsonville SC Accommodations & Hospitality Tax Revenue | SIMPSONVILLE SC ACCOMMODATIONS TAX & HOSPITALITY TAX REVENUE | CUSIP: 829150AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $563950.00    | 0.37%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE       | CUSIP: 83703EMR3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047200.00   | 0.69%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Startex-Jackson-Wellford-Duncan Water District                   | STARTEX-JACKSON ETC SC WTR DIST WTRWKS SYS REVENUE           | CUSIP: 85572XAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257340.00    | 0.17%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Simpsonville SC Accommodations & Hospitality Tax Revenue | SIMPSONVILLE SC ACCOMMODATIONS TAX & HOSPITALITY TAX REVENUE | CUSIP: 829150AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $514314.00    | 0.34%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                   | PUERTO RICO HIGHWAY & TRANSPRTN AUTH TRANSPRTN REVENUE       | CUSIP: 745190R75<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | US        |    570000 | PA      | $564237.30    | 0.37%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031UL5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2070280.00   | 1.36%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of South Carolina                                     | UNIV OF SOUTH CAROLINA SC HGR EDU FACS FACS REVENUE          | CUSIP: 914857CN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603846.00    | 0.40%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Myrtle Beach SC                                          | MYRTLE BEACH SC LTD OBLG                                     | CUSIP: 628571BG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032950.00   | 0.68%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281312.50   | 0.84%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE            | CUSIP: 83712DY75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1447620.00   | 0.95%             | 2042-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031ZK2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    285000 | PA      | $262031.85    | 0.17%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spartanburg County School District No 7                          | SPARTANBURG CNTY SC SCH DIST #7                              | CUSIP: 847082LB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082860.00   | 0.71%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lexington County Health Services District Inc                    | LEXINGTON CNTY SC HLTH SVCS DIST                             | CUSIP: 529050ES1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1147500.00   | 0.75%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Horry County School District/SC                                  | HORRY CNTY SC SCH DIST SPL OBLIG                             | CUSIP: 440675AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1576185.00   | 1.04%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richland-Lexington Airport District                              | RICHLAND-LEXINGTON SC ARPT DIST                              | CUSIP: 763784EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $580516.20    | 0.38%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Georgetown SC                                          | GEORGETOWN CNTY SC                                           | CUSIP: 372622FT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2767297.50   | 1.82%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colleton County School District                                  | COLLETON CNTY SC SCH DIST                                    | CUSIP: 194612GJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1115257.80   | 0.73%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Ports Authority                                   | SOUTH CAROLINA ST PORTS AUTH PORTS REVENUE                   | CUSIP: 837123HL5<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1488758.50   | 0.98%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commission of Public Works City of Greer                         | GREER SC COMB UTILITY SYS                                    | CUSIP: 397478GC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088670.00   | 0.72%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| University of South Carolina                                     | UNIV OF SOUTH CAROLINA SC HGREDU REVENUE                     | CUSIP: 913367FX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $808183.60    | 0.53%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Hilton Head Island SC                                    | HILTON HEAD IS SC SPL OBLG                                   | CUSIP: 43284UCE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $423848.00    | 0.28%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE            | CUSIP: 83712DZ33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2495825.00   | 1.64%             | 2023-09-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Lexington County Health Services District Inc                    | LEXINGTON CNTY SC HLTH SVCS DIST                             | CUSIP: 529050EQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $642510.00    | 0.42%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Greenville SC                                          | GREENVILLE CNTY SC SPL SOURCE REVENUE                        | CUSIP: 396068FK9<br>LEI: 5493004ZBLGUOOVQR793 | Long             | DBT              | MUN               | US        |    375000 | PA      | $389021.25    | 0.26%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of South Carolina                                     | UNIV OF SOUTH CAROLINA SC HGREDU REVENUE                     | CUSIP: 913367FV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $421456.00    | 0.28%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Greenville SC                                          | GREENVILLE CNTY SC SPL SOURCE REVENUE                        | CUSIP: 396068FD5<br>LEI: 5493004ZBLGUOOVQR793 | Long             | DBT              | MUN               | US        |    225000 | PA      | $252375.75    | 0.17%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031UH4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2086700.00   | 1.37%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Simpsonville Municipal Facilities Corp                           | SIMPSONVILLE SC MUNI FACS CORP INSTALLMENT PURCHASE REVENUE  | CUSIP: 82915AAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $632807.90    | 0.42%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE            | CUSIP: 83712DQ58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $436700.00    | 0.29%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE            | CUSIP: 83703FKU5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1551930.00   | 1.02%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lexington County School District No 1/SC                         | LEXINGTON CNTY SC SCH DIST #1                                | CUSIP: 529063SC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1136129.20   | 0.75%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031YX5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    620000 | PA      | $452314.80    | 0.30%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Starr-Iva Water & Sewer District                                 | STARR-IVA WTR & SWR DIST SC                                  | CUSIP: 855610AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $180650.50    | 0.12%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE            | CUSIP: 83703FJH6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2565550.00   | 1.69%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Starr-Iva Water & Sewer District                                 | STARR-IVA WTR & SWR DIST SC                                  | CUSIP: 855610AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $169526.40    | 0.11%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Simpsonville SC Accommodations & Hospitality Tax Revenue | SIMPSONVILLE SC ACCOMMODATIONS TAX & HOSPITALITY TAX REVENUE | CUSIP: 829150AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540025.00    | 0.35%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florence Public Facilities Corp                                  | FLORENCE SC PUBLIC FACS CORP INSTALLMENT PURCHASE REVENUE    | CUSIP: 340325BD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $371305.00    | 0.24%             | 2040-11-01      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| City of Simpsonville SC Accommodations & Hospitality Tax Revenue | SIMPSONVILLE SC ACCOMMODATIONS TAX & HOSPITALITY TAX REVENUE | CUSIP: 829150AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $132862.60    | 0.09%             | 2025-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Richland SC Utility System Revenue                     | RICHLAND CNTY SC UTILITY SYS REVENUE                         | CUSIP: 76370PAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $636678.00    | 0.42%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Florence SC                                            | FLORENCE CNTY SC HOSP REVENUE                                | CUSIP: 340122LD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555905.00   | 1.02%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE            | CUSIP: 83703FLK6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1564230.00   | 1.03%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spartanburg Regional Health Services District                    | SPARTANBURG SC REGL HLTH SVCS DIST INC HOSP REVENUE          | CUSIP: 847113DR5<br>LEI: 549300CVHLQ72HQF3340 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075440.00   | 0.71%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Richland SC Utility System Revenue                     | RICHLAND CNTY SC UTILITY SYS REVENUE                         | CUSIP: 76370PAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $331584.00    | 0.22%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Simpsonville Municipal Facilities Corp                           | SIMPSONVILLE SC MUNI FACS CORP INSTALLMENT PURCHASE REVENUE  | CUSIP: 82915AAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401492.00    | 0.26%             | 2024-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Ports Authority                                   | SOUTH CAROLINA ST PORTS AUTH PORTS REVENUE                   | CUSIP: 837123KA5<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1435175.35   | 0.94%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151T58<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1625955.00   | 1.07%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Simpsonville Municipal Facilities Corp                           | SIMPSONVILLE SC MUNI FACS CORP INSTALLMENT PURCHASE REVENUE  | CUSIP: 82915AAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $699076.75    | 0.46%             | 2038-04-01      | Fixed         | 4.00%                 | 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        |   1075000 | PA      | $1080547.00   | 0.71%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Student Loan Corp                                 | SOUTH CAROLINA ST STUDENT LOAN CORP EDU REVENUE              | CUSIP: 83715AAY5<br>LEI: 549300PIO3ZMSROGFF38 | Long             | DBT              | MUN               | US        |    735000 | PA      | $573035.40    | 0.38%             | 2039-12-01      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031YP2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031660.00   | 0.68%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Simpsonville SC Accommodations & Hospitality Tax Revenue | SIMPSONVILLE SC ACCOMMODATIONS TAX & HOSPITALITY TAX REVENUE | CUSIP: 829150AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $399813.70    | 0.26%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berkeley County School District                                  | BERKELEY CNTY SC SCH DIST                                    | CUSIP: 084203XG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4047400.00   | 2.66%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Piedmont Municipal Power Agency                                  | PIEDMONT SC MUNI PWR AGY ELEC REVENUE                        | CUSIP: 720175YG7<br>LEI: 549300C7VOBGIG4OD375 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255912.50    | 0.17%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Greenville SC Hospitality Tax Revenue                  | GREENVILLE CNTY SC HOSPITALITY TAX REVENUE                   | CUSIP: 396041AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1751420.00   | 1.15%             | 2027-04-01      | Fixed         | 1.56%                 | No            |                  2 | On Loan: No      |
| Berkeley County School District                                  | BERKELEY CNTY SC SCH DIST INSTALLMENT PURCHASE REVENUE       | CUSIP: 084208BL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022950.00   | 0.67%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Laurens SC                                             | LAURENS CNTY SC                                              | CUSIP: 519066DQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $807263.60    | 0.53%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Simpsonville Municipal Facilities Corp                           | SIMPSONVILLE SC MUNI FACS CORP INSTALLMENT PURCHASE REVENUE  | CUSIP: 82915AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185262.70    | 0.12%             | 2023-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commission of Public Works City of Greer                         | GREER SC COMB UTILITY SYS                                    | CUSIP: 397478GD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2283600.00   | 1.50%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Georgetown County School District                                | GEORGETOWN CNTY SC SCH DIST                                  | CUSIP: 372640LK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2200995.90   | 1.45%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031YF4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    590000 | PA      | $638828.40    | 0.42%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Startex-Jackson-Wellford-Duncan Water District                   | STARTEX-JACKSON ETC SC WTR DIST WTRWKS SYS REVENUE           | CUSIP: 85572XAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $494988.00    | 0.33%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allendale County School District/SC                              | ALLENDALE CNTY SC SCH DIST ENERGY SAVINGS SPL OBLG           | CUSIP: 018171AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1155000.00   | 0.76%             | 2022-12-01      | Fixed         | 5.00%                 | 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