# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-25-207462
**Filing Date:** 2025-8
**Character Count:** 78409
**Document Hash:** 6de40ae72c7891ef13b6fcb82e25f592
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207462.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207462

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20250930

**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:** 251261495

**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 Ohio Municipal Income Fund (Series ID: S000004851)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000013139 | Eaton Vance Ohio Municipal Income Fund Class A | ETOHX           |
| C000013141 | Eaton Vance Ohio Municipal Income Fund Class C | ECOHX           |
| C000092721 | Eaton Vance Ohio Municipal Income Fund Class I | EIOHX           |

## Nport-Ex

Eaton Vance<br>

Ohio Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 103.0%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 4.5% | Bond Bank — 4.5% | Bond Bank — 4.5% |
| Ohio Water Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/38 | $1000 | &nbsp;&nbsp;$1042003 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 12/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1085680 |
| &nbsp;&nbsp;&nbsp;Sustainability Bonds, 5.00%, 12/1/40 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2135495 |
| Ohio Water Development Authority, Water Pollution Control Loan Fund, (Liq: TD Bank, N.A.), 3.95%, 12/1/54<sup>(1)</sup> | 2800 | &nbsp;&nbsp;&nbsp;&nbsp; 2800000 |
| Rickenbacker Port Authority, OH, (OASBO Expanded Asset Pooled Financing Program), 5.375%, 1/1/32 | 1305 | &nbsp;&nbsp;&nbsp;&nbsp; 1431973 |
|  |  | &nbsp;&nbsp;**$8495151** |
| Education — 15.7% | Education — 15.7% | Education — 15.7% |
| Dayton-Montgomery County Port Authority, OH, (Dayton Regional STEM Schools, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/32 | $&nbsp;&nbsp;&nbsp;&nbsp;820 | &nbsp;&nbsp;$873324 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/44 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1231641 |
| Kent University, OH, 5.00%, 5/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp; 744975 |
| Miami University, OH, 4.00%, 9/1/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1793413 |
| Ohio Higher Educational Facility Commission, (Case Western Reserve University), 5.00%, 12/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1024305 |
| Ohio Higher Educational Facility Commission, (Denison University): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/48 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2285269 |
| &nbsp;&nbsp;&nbsp;5.25%, 11/1/46 | 1355 | &nbsp;&nbsp;&nbsp;&nbsp; 1359426 |
| Ohio Higher Educational Facility Commission, (Oberlin College), Green Bonds, 5.00%, 10/1/48 | 2175 | &nbsp;&nbsp;&nbsp;&nbsp; 2223971 |
| Ohio Higher Educational Facility Commission, (The College of Wooster), 5.00%, 9/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1030207 |
| Ohio Higher Educational Facility Commission, (University of Dayton): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/38 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp; 1264391 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 518016 |
| Ohio State University: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/29 | 1060 | &nbsp;&nbsp;&nbsp;&nbsp; 1161263 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/46 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2101506 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 12/1/43 | 1725 | &nbsp;&nbsp;&nbsp;&nbsp; 1590636 |
| Ohio University, 5.25%, 12/1/54 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3087634 |
| Port of Greater Cincinnati Development Authority, OH, (St. Xavier High School, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp; 338650 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp; 513349 |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp; 349114 |
| University of Cincinnati, OH: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/47 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2003036 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education (continued) | Education (continued) | Education (continued) |
| University of Cincinnati, OH: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 6/1/49 | $4000 | &nbsp;&nbsp;$4150704 |
|  |  | &nbsp;&nbsp;**$29644830** |
| Electric Utilities — 2.3% | Electric Utilities — 2.3% | Electric Utilities — 2.3% |
| American Municipal Power, Inc., OH, (Combined Hydroelectric), 5.00%, 2/15/48 | $1300 | &nbsp;&nbsp;$1310582 |
| American Municipal Power, Inc., OH, (Greenup Hydroelectric Facility), 5.00%, 2/15/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000819 |
| American Municipal Power, Inc., OH, (Meldahl Hydroelectric), Green Bonds, 4.00%, 2/15/34 | 2005 | &nbsp;&nbsp;&nbsp;&nbsp; 2007722 |
|  |  | &nbsp;&nbsp;**$4319123** |
| Escrowed/Prerefunded — 0.0%<sup>†</sup> | Escrowed/Prerefunded — 0.0%<sup>†</sup> | Escrowed/Prerefunded — 0.0%<sup>†</sup> |
| Ohio, (Cleveland Clinic Health System), Prerefunded to 1/1/28, 4.00%, 1/1/43 | $&nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;$20616 |
|  |  | &nbsp;&nbsp;**$20616** |
| General Obligations — 16.9% | General Obligations — 16.9% | General Obligations — 16.9% |
| Butler County, OH, Special Tax Assessment, 5.50%, 12/1/28 | $&nbsp;&nbsp;&nbsp;&nbsp;705 | &nbsp;&nbsp;$706500 |
| Central Ohio Transit Authority, OH, 5.00%, 12/1/48 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2070653 |
| Cleveland, OH, 5.00%, 12/1/51 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2035293 |
| Columbus, OH, 5.00%, 4/1/39 | 2700 | &nbsp;&nbsp;&nbsp;&nbsp; 2895103 |
| Cuyahoga Community College District, OH, 3.50%, 12/1/39 | 1400 | &nbsp;&nbsp;&nbsp;&nbsp; 1228330 |
| Dublin School District, OH, 4.00%, 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;770 | &nbsp;&nbsp;&nbsp;&nbsp; 694117 |
| Mayfield Heights, OH, 4.00%, 12/1/48 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1095765 |
| Milford Exempted Village School District, OH: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/34<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 442422 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/35<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp; 372678 |
| North Canton City School District, OH, 5.00%, 10/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp; 569567 |
| North Olmsted City School District, OH, 5.00%, 10/15/48 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2542786 |
| North Ridgeville City School District, OH: |  |  |
| &nbsp;&nbsp;&nbsp;4.375%, 12/1/50 | 2750 | &nbsp;&nbsp;&nbsp;&nbsp; 2529970 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/47 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp; 1314799 |
| Norwalk City School District, OH: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp;&nbsp; 350104 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;&nbsp; 419328 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/47 | 1440 | &nbsp;&nbsp;&nbsp;&nbsp; 1475833 |
| Ohio, 4.00%, 6/15/40 | 1230 | &nbsp;&nbsp;&nbsp;&nbsp; 1214981 |
| Shaker Heights City School District, OH, 5.00%, 12/15/49 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3081882 |
| Summit County, OH, 5.00%, 12/1/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1038429 |
| Sylvania City School District, OH, 5.00%, 11/1/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1118563 |
| Troy City School District, OH, 5.00%, 12/1/54 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1017167 |

---

------

Eaton Vance<br>

Ohio Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Upper Arlington City School District, OH, 5.75%, 12/1/40 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$503494 |
| Worthington City School District, OH, 5.50%, 12/1/54 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3156451 |
|  |  | &nbsp;&nbsp;**$31874215** |
| Hospital — 15.6% | Hospital — 15.6% | Hospital — 15.6% |
| Akron, Bath and Copley Joint Township Hospital District, OH, (Children's Hospital Medical Center of Akron), 4.00%, 11/15/42 | $1250 | &nbsp;&nbsp;$1126580 |
| Akron, Bath and Copley Joint Township Hospital District, OH, (Summa Health Obligated Group), 4.00%, 11/15/37 | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp; 515954 |
| Allen County, OH, (Bon Secours Mercy Health, Inc.), 4.00%, 12/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 931812 |
| Allen County, OH, (Mercy Health), 4.00%, 8/1/47<sup>(3)</sup> | 5150 | &nbsp;&nbsp;&nbsp;&nbsp; 4448210 |
| Butler County, OH, (UC Health), 5.00%, 11/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;590 | &nbsp;&nbsp;&nbsp;&nbsp; 603146 |
| Franklin County, OH, (Nationwide Children's Hospital): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 768245 |
| &nbsp;&nbsp;&nbsp;(SPA: JPMorgan Chase Bank, N.A.), 4.00%, 11/1/42<sup>(1)</sup> | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 |
| Franklin County, OH, (OhioHealth Corp.), 5.00%, 5/15/40 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp; 1200385 |
| Franklin County, OH, (Trinity Health Credit Group): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/44 | 2445 | &nbsp;&nbsp;&nbsp;&nbsp; 2168391 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/46 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2964591 |
| Hamilton County, OH, (UC Health), 5.00%, 9/15/45 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1086286 |
| Miami County, OH, (Kettering Health Network Obligated Group), 5.00%, 8/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1018420 |
| Muskingum County, OH, (Genesis HealthCare System Obligated Group), 5.00%, 2/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp; 461817 |
| Ohio Higher Educational Facility Commission, (Cleveland Clinic Health System), (SPA: Barclays Bank PLC), 3.85%, 1/1/43<sup>(1)</sup> | 1800 | &nbsp;&nbsp;&nbsp;&nbsp; 1800000 |
| Ohio, (Childrens Hospital Medical Center), 5.25%, 8/15/48 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1569476 |
| Ohio, (Cleveland Clinic Health System): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/36 | 2055 | &nbsp;&nbsp;&nbsp;&nbsp; 2053009 |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/43 | 2165 | &nbsp;&nbsp;&nbsp;&nbsp; 2010756 |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/46 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1748805 |
|  |  | &nbsp;&nbsp;**$29475883** |
| Housing — 3.2% | Housing — 3.2% | Housing — 3.2% |
| Dayton-Montgomery County Port Authority, OH, (Northcrest Gardens Apartments), Sustainability Bonds, (FNMA), 4.50%, 1/1/41 | $&nbsp;&nbsp;&nbsp;&nbsp;995 | &nbsp;&nbsp;$981946 |
| Ohio Housing Finance Agency: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 9/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 314400 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), Social Bonds, 4.35%, 9/1/44 | 2965 | &nbsp;&nbsp;&nbsp;&nbsp; 2844987 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing (continued) | Housing (continued) | Housing (continued) |
| Ohio Housing Finance Agency: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), Social Bonds, 4.80%, 9/1/43 | $&nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;$882529 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), Social Bonds, 5.50%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp; 959665 |
|  |  | &nbsp;&nbsp;**$5983527** |
| Industrial Development Revenue — 2.8% | Industrial Development Revenue — 2.8% | Industrial Development Revenue — 2.8% |
| Cleveland, OH, (Continental Airlines), 5.375%, 9/15/27 | $1630 | &nbsp;&nbsp;$1630836 |
| Ohio Air Quality Development Authority, (American Electric Power Co., Inc.), (AMT), 3.75%, 1/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 991529 |
| Ohio Air Quality Development Authority, (Pratt Paper, LLC), (AMT), 4.25%, 1/15/38<sup>(4)</sup> | 1700 | &nbsp;&nbsp;&nbsp;&nbsp; 1635979 |
| Ohio, (Republic Services, Inc.), 3.45% to 6/2/25 (Put Date), 11/1/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000260 |
|  |  | &nbsp;&nbsp;**$5258604** |
| Insured - Electric Utilities — 6.8% | Insured - Electric Utilities — 6.8% | Insured - Electric Utilities — 6.8% |
| Cleveland, OH, Public Power System Revenue, (NPFG), 0.00%, 11/15/27 | $2540 | &nbsp;&nbsp;$2349536 |
| Ohio Municipal Electric Generation Agency: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 0.00%, 2/15/26 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2937008 |
| &nbsp;&nbsp;&nbsp;(NPFG), 0.00%, 2/15/27 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2369475 |
| &nbsp;&nbsp;&nbsp;(NPFG), 0.00%, 2/15/28 | 4750 | &nbsp;&nbsp;&nbsp;&nbsp; 4351450 |
| Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;770 | &nbsp;&nbsp;&nbsp;&nbsp; 757327 |
|  |  | &nbsp;&nbsp;**$12764796** |
| Insured - General Obligations — 14.9% | Insured - General Obligations — 14.9% | Insured - General Obligations — 14.9% |
| Cincinnati City School District, OH, (AG), 5.25%, 12/1/29<sup>(3)</sup> | $7500 | &nbsp;&nbsp;$8267775 |
| Green Local School District, OH, (AG), 4.625%, 11/1/47 | 1020 | &nbsp;&nbsp;&nbsp;&nbsp; 996729 |
| Kettering City School District, OH, (AG), 5.25%, 12/1/31 | 4505 | &nbsp;&nbsp;&nbsp;&nbsp; 4786833 |
| Mason City School District, OH, (AG), 5.25%, 12/1/31 | 3525 | &nbsp;&nbsp;&nbsp;&nbsp; 3877342 |
| Springboro Community City School District, OH, (AG), 5.25%, 12/1/30 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5478993 |
| Westerville City School District, OH, (XLCA), 5.00%, 12/1/27 | 4590 | &nbsp;&nbsp;&nbsp;&nbsp; 4781553 |
|  |  | &nbsp;&nbsp;**$28189225** |
| Insured - Hospital — 1.6% | Insured - Hospital — 1.6% | Insured - Hospital — 1.6% |
| Fayette County, OH, (AG), 5.25%, 12/1/54 | $1500 | &nbsp;&nbsp;$1515521 |
| Lucas County, OH, (ProMedica Healthcare Obligated Group), (AG), 4.00%, 11/15/45 | 1725 | &nbsp;&nbsp;&nbsp;&nbsp; 1505064 |
|  |  | &nbsp;&nbsp;**$3020585** |

---

------

Eaton Vance<br>

Ohio Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Special Tax Revenue — 0.5% | Insured - Special Tax Revenue — 0.5% | Insured - Special Tax Revenue — 0.5% |
| Port of Greater Cincinnati Development Authority, OH, (Duke Energy Convention Center), (AG), 4.375%, 12/1/58 | $&nbsp;&nbsp;&nbsp;&nbsp;970 | &nbsp;&nbsp;$877788 |
|  |  | &nbsp;&nbsp;**$877788** |
| Insured - Transportation — 1.3% | Insured - Transportation — 1.3% | Insured - Transportation — 1.3% |
| Cleveland, OH, Airport System Revenue, (AG), (AMT), 5.00%, 1/1/43 | $1000 | &nbsp;&nbsp;$991803 |
| Ohio, (Portsmouth Gateway Group, LLC), (AG), (AMT), 5.00%, 12/31/35 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1500715 |
|  |  | &nbsp;&nbsp;**$2492518** |
| Insured - Water and Sewer — 2.0% | Insured - Water and Sewer — 2.0% | Insured - Water and Sewer — 2.0% |
| Newark, OH, Water System Revenue, (AG), 5.00%, 12/1/39 | $3680 | &nbsp;&nbsp;$3736722 |
|  |  | &nbsp;&nbsp;**$3736722** |
| Other Revenue — 4.6% | Other Revenue — 4.6% | Other Revenue — 4.6% |
| Buckeye Tobacco Settlement Financing Authority, OH: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/37 | $2625 | &nbsp;&nbsp;$2497885 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/55 | 1245 | &nbsp;&nbsp;&nbsp;&nbsp; 1062909 |
| Cuyahoga County, OH, (Cleveland Orchestra): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 316107 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 314734 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp; 740188 |
| Lancaster Port Authority, OH, Gas Supply Revenue, 5.00% to 8/1/30 (Put Date), 2/1/55 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2644500 |
| Riversouth Authority, OH, (Lazarus Building Redevelopment), 5.75%, 12/1/27 | 1085 | &nbsp;&nbsp;&nbsp;&nbsp; 1085334 |
|  |  | &nbsp;&nbsp;**$8661657** |
| Senior Living/Life Care — 1.5% | Senior Living/Life Care — 1.5% | Senior Living/Life Care — 1.5% |
| Franklin County, OH, (Ohio Living Communities): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/40 | $&nbsp;&nbsp;&nbsp;&nbsp;995 | &nbsp;&nbsp;$849817 |
| &nbsp;&nbsp;&nbsp;5.25%, 7/1/41 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1506761 |
| &nbsp;&nbsp;&nbsp;Prerefunded to 7/1/28, 4.00%, 7/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp; 5320 |
| Hamilton County, OH, (Life Enriching Communities Project), 5.50%, 1/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 512741 |
|  |  | &nbsp;&nbsp;**$2874639** |
| Special Tax Revenue — 1.2% | Special Tax Revenue — 1.2% | Special Tax Revenue — 1.2% |
| American Samoa Economic Development Authority, 5.00%, 9/1/38<sup>(4)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;$196523 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 2285 | &nbsp;&nbsp;&nbsp;&nbsp; 2151542 |
|  |  | &nbsp;&nbsp;**$2348065** |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation — 3.7% | Transportation — 3.7% | Transportation — 3.7% |
| Cleveland, OH, Airport System Revenue, 5.00%, 1/1/31 | $2000 | &nbsp;&nbsp;$2193446 |
| Columbus Regional Airport Authority, OH, (John Glenn Columbus International Airport), 5.25%, 1/1/50 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2591077 |
| Ohio Turnpike and Infrastructure Commission, 4.00%, 2/15/46 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1786268 |
| Ohio, Major New State Infrastructure Project Revenue, 5.00%, 12/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp; 381717 |
|  |  | &nbsp;&nbsp;**$6952508** |
| Water and Sewer — 3.9% | Water and Sewer — 3.9% | Water and Sewer — 3.9% |
| Cleveland, OH, Department of Public Utilities, Division of Water, 5.00%, 1/1/49 | $1075 | &nbsp;&nbsp;$1114160 |
| Cleveland, OH, Water Pollution Control Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/49 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 763769 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 11/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;945 | &nbsp;&nbsp;&nbsp;&nbsp; 948183 |
| Mahoning County, OH, Sewer System Revenue, 5.00%, 12/1/46 | 1565 | &nbsp;&nbsp;&nbsp;&nbsp; 1575963 |
| Northeast Ohio Regional Sewer District, 5.00%, 11/15/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1051243 |
| Ohio Water Development Authority, Water Pollution Control Loan Fund, Green Bonds, 4.00%, 12/1/46 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1813809 |
|  |  | &nbsp;&nbsp;**$7267127** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $197,654,382) |  | &nbsp;&nbsp;**$194257579** |

---

Taxable Municipal Obligations — 1.0%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Special Tax Revenue — 1.0% | Special Tax Revenue — 1.0% | Special Tax Revenue — 1.0% |
| JobsOhio Beverage System, OH, 4.433%, 1/1/33 | $1815 | &nbsp;&nbsp;$1824111 |
| Total Taxable Municipal Obligations<br> (identified cost $1,799,445) |  | &nbsp;&nbsp;**$1824111** |
| Total Investments — 104.0%<br> (identified cost $199,453,827) |  | &nbsp;&nbsp;**$196081690** |
| Other Assets, Less Liabilities — (4.0)% |  | &nbsp;&nbsp;**$(7468165)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$188613525** |

---

------

Eaton Vance<br>

Ohio Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | |
|:---|:---|
| 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>†</sup> | Amount is less than 0.05% or (0.05)%, as applicable. |
| <sup>(1)</sup> | Variable rate demand obligation that may be tendered at par on any day for payment the same or next business day. The stated interest rate, which generally resets daily, is determined by the remarketing agent and represents the rate in effect at June 30, 2025. |
| <sup>(2)</sup> | When-issued security. |
| <sup>(3)</sup> | Security represents the municipal bond held by a trust that issues residual interest bonds. |
| <sup>(4)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At June 30, 2025, the aggregate value of these securities is $1,832,502 or 1.0% of the Fund's net assets. |
| The Fund invests primarily in debt securities issued by Ohio 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 June 30, 2025, 26.1% 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 2.4% to 17.1% of total investments. | The Fund invests primarily in debt securities issued by Ohio 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 June 30, 2025, 26.1% 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 2.4% to 17.1% of total investments. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AG | – Assured Guaranty, Inc. |
| AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| Liq | – Liquidity Provider |
| NPFG | – National Public Finance Guarantee Corp. |
| SPA | – Standby Bond Purchase Agreement |
| XLCA | – XL Capital Assurance, Inc. |

---

The Fund did not have any open derivative instruments at June 30, 2025.

Fair Value Measurements

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

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

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

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

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

At June 30, 2025, the hierarchy of inputs used in valuing the Fund's investments, which are carried at fair value, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$194257579 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$194257579 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1824111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1824111 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$196081690** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$196081690** |

---

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **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 Ohio Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000004851

- **c. LEI of Series:** 5493000XDNX437SEWB83

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $198065918.35

**Total Liabilities:** $10046529.97

**Net Assets:** $188019388.38

**Delayed Delivery Securities:** $812430.20

**Cash Not Reported:** $184404.76

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -373.40000000 | **1-Year:** -8698.14000000 | **5-Year:** -31465.12000000 | **10-Year:** -60278.70000000 | **30-Year:** -24154.71000000

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

- **3-Month:** -29.35000000 | **1-Year:** -309.38000000 | **5-Year:** -1095.92000000 | **10-Year:** -1972.74000000 | **30-Year:** -1147.68000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092721 | -0.43%               | -0.31%               | 0.44%                |
| Class ID C000013139 | -0.57%               | -0.33%               | 0.55%                |
| Class ID C000013141 | -0.51%               | -0.39%               | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4795.42                | $-1561426.14                               |
| Month 2  | $-121424.56              | $-1022693.99                               |
| Month 3  | $-51112.88               | $338564.69                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| State of Ohio                                                      | OHIO ST HOSP REVENUE                                | CUSIP: 67756CGA0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1569475.80   | 0.83%             | 2048-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                               | PUERTO RICO ELEC PWR AUTH PWRREVENUE                | CUSIP: 74526Q2V3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    770000 | PA      | $757326.80    | 0.40%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DSF4<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030207.50   | 0.55%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                            | DAYTON-MONTGOMERY CNTY OH PORT AUTH DEV REVENUE     | CUSIP: 23981MBE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1231641.00   | 0.66%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Butler OH                                                | BUTLER CNTY OH                                      | CUSIP: 1235473P4<br>LEI: 54930064OLVQO8IVR655 | Long             | DBT              | MUN               | US        |    705000 | PA      | $706499.54    | 0.38%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Municipal Electric Generation Agency                          | OHIO ST MUNI ELEC GENERATION AGY                    | CUSIP: 677409AU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4351449.83   | 2.31%             | 2028-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                        | OHIO ST HSG FIN AGY RSDL MTGE REVENUE               | CUSIP: 67756Q6T9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2965000 | PA      | $2844987.47   | 1.51%             | 2044-09-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HOSP FACS REVENUE                  | CUSIP: 353187EW3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 1.60%             | 2042-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST                                             | CUSIP: 6775227T5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1214980.84   | 0.65%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                   | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE          | CUSIP: 734195BE9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    335000 | PA      | $338649.72    | 0.18%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH REVENUE                            | CUSIP: 353202FM1<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2964591.30   | 1.58%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HOSP FACS REVENUE                  | CUSIP: 353187DK0<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    750000 | PA      | $768245.25    | 0.41%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                     | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH             | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1062909.41   | 0.57%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Ridgeville City School District                              | NORTH RIDGEVILLE OH CITY SCH DIST                   | CUSIP: 661870LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2529970.03   | 1.35%             | 2050-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                             | OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REVENUE    | CUSIP: 67754AAD6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1635978.51   | 0.87%             | 2038-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                              | CUYAHOGA CNTY OH ECON DEV REVENUE                   | CUSIP: 232263KK8<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    300000 | PA      | $314733.48    | 0.17%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Muskingum OH                                             | MUSKINGUM CNTY OH HOSP FACS                         | CUSIP: 628077CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $461817.09    | 0.25%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                           | UNIV OF CINCINNATI OH RECPTS                        | CUSIP: 914119G30<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003036.00   | 1.07%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rickenbacker Port Authority                                        | RICKENBACKER PORT AUTH OH CAPITAL FUNDING REVENUE   | CUSIP: 765639AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1431972.85   | 0.76%             | 2032-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Public Power  | CLEVELAND OH PUBLIC PWR SYS REVENUE                 | CUSIP: 186398HK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2349535.81   | 1.25%             | 2027-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Ridgeville City School District                              | NORTH RIDGEVILLE OH CITY SCH DIST                   | CUSIP: 661870LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1314799.20   | 0.70%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milford Exempted Village School District                           | MILFORD OH EXEMPT VLG SCH DIST                      | CUSIP: 599632MF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $442422.36    | 0.24%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami University/Oxford OH                                         | MIAMI UNIV OH                                       | CUSIP: 593791JV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1793413.40   | 0.95%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST SOL WST REVENUE                             | CUSIP: 67759ABG3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000260.00   | 0.53%             | 2035-11-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue             | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE   | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2151541.60   | 1.14%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Canton City School District                                  | NORTH CANTON OH CITY SCH DIST                       | CUSIP: 658170GW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $569566.70    | 0.30%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy City School District/OH                                       | TROY OH CITY SCH DIST                               | CUSIP: 897676FM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017167.50   | 0.54%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                          | OHIO ST UNIV                                        | CUSIP: 677632Q95<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2101505.60   | 1.12%             | 2046-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                        | OHIO ST HSG FIN AGY RSDL MTGE REVENUE               | CUSIP: 67756Q4N4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    900000 | PA      | $882529.11    | 0.47%             | 2043-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| City of Mayfield Heights OH                                        | MAYFIELD HEIGHTS OH                                 | CUSIP: 578167JU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1095765.38   | 0.58%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Upper Arlington OH                                         | UPPER ARLINGTON OH                                  | CUSIP: 915489D70<br>LEI: 5493002KHBEUI9TNXM57 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503493.75    | 0.27%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP FAC REVENUE                            | CUSIP: 677561KN1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2053009.12   | 1.09%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sylvania City School District                                      | SYLVANIA OH CITY SCH DIST                           | CUSIP: 871463TW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118562.70   | 0.59%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami OH                                                 | MIAMI CNTY OH HOSP FACS REVENUE                     | CUSIP: 593328FM4<br>LEI: 549300YAYSF4ZQH3JU54 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018420.40   | 0.54%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newark OH                                                  | NEWARK OH WTR REVENUE                               | CUSIP: 650519CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3680000 | PA      | $3736722.05   | 1.99%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Airport System Revenue                        | CLEVELAND OH ARPT SYS REVENUE                       | CUSIP: 186352TR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2193445.80   | 1.17%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                   | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE          | CUSIP: 734195BG4<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    350000 | PA      | $349113.56    | 0.19%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                   | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE          | CUSIP: 734195BF6<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    510000 | PA      | $513349.12    | 0.27%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                            | DAYTON-MONTGOMERY CNTY OH PORTAUTH MF HSG REVENUE   | CUSIP: 23982CAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $981945.70    | 0.52%             | 2041-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP FAC REVENUE                            | CUSIP: 677561LG5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2010756.31   | 1.07%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Municipal Electric Generation Agency                          | OHIO ST MUNI ELEC GENERATION AGY                    | CUSIP: 677409AS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2937008.70   | 1.56%             | 2026-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Fayette OH                                               | FAYETTE CNTY OH HOSP FACS IMPT REVENUE              | CUSIP: 312446AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1515520.95   | 0.81%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Mahoning OH Sewer System Revenue                         | MAHONING CNTY OH SWR SYS REVENUE                    | CUSIP: 560072DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1575962.83   | 0.84%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                 | AKRON BATH COPLEY JT TWP OH HOSP DIST               | CUSIP: 009730QS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1126579.75   | 0.60%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST MAJOR NEW STATE INFRASTRUCTURE PROJ REVENUE | CUSIP: 677581JN1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    350000 | PA      | $381717.32    | 0.20%             | 2033-12-15      | 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        |    200000 | PA      | $196523.34    | 0.10%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DQ33<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2285269.43   | 1.22%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shaker Heights City School District                                | SHAKER HEIGHTS OH CITY SCH DIST                     | CUSIP: 819071SL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3081882.00   | 1.64%             | 2049-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DE44<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1264390.56   | 0.67%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP FAC REVENUE                            | CUSIP: 677561LF7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20616.41     | 0.01%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dublin City School District                                        | DUBLIN OH CITY SCH DIST                             | CUSIP: 26371GYQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $694116.81    | 0.37%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST PRIVATE ACTIVITY REVENUE                    | CUSIP: 67759YAN7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500715.05   | 0.80%             | 2035-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                       | AMERICAN MUNI PWR-OHIO INC OH REVENUE               | CUSIP: 02765ULJ1<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2007721.99   | 1.07%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cincinnati City School District                                    | CINCINNATI OH CITY SCH DIST                         | CUSIP: 172252E53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8267775.00   | 4.40%             | 2029-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | OHIO ST HOSP FAC REVENUE                            | CUSIP: 677561KX9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1748805.20   | 0.93%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                     | ALLEN CNTY OH HOSP FACS REVENUE                     | CUSIP: 01757LGX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $931812.40    | 0.50%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                          | OHIO ST UNIV                                        | CUSIP: 677632N56<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1590636.13   | 0.85%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HOSP FACS REVENUE                  | CUSIP: 353187CQ8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200384.72   | 0.64%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk City School District                                       | NORWALK OH CITY SCH DIST                            | CUSIP: 669147FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1475833.25   | 0.78%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk City School District                                       | NORWALK OH CITY SCH DIST                            | CUSIP: 669147FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $419327.73    | 0.22%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RiverSouth Authority                                               | RIVERSOUTH OH AUTH REVENUE                          | CUSIP: 769318CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1085333.64   | 0.58%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Milford Exempted Village School District                           | MILFORD OH EXEMPT VLG SCH DIST                      | CUSIP: 599632MG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $372677.84    | 0.20%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kent State University                                              | KENT OH ST UNIV REVENUES                            | CUSIP: 490728G63<br>LEI: 549300HL3HX54032AG28 | Long             | DBT              | MUN               | US        |    670000 | PA      | $744974.81    | 0.40%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HLTH CARE FACS REVENUE             | CUSIP: 353180ME9<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5319.87      | 0.00%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HLTH CARE FACS REVENUE             | CUSIP: 353180MK5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    995000 | PA      | $849817.66    | 0.45%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio University                                                    | OHIO UNIV GEN RECPTS ATHENS                         | CUSIP: 677704G44<br>LEI: 549300P1K3IH2L5SFY61 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3087633.90   | 1.64%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                     | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH             | CUSIP: 118217CT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2497885.16   | 1.33%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE       | CUSIP: 67766WK50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085680.30   | 0.58%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                     | ALLEN CNTY OH HOSP FACS REVENUE                     | CUSIP: 01757LGF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5145000 | PA      | $4443890.85   | 2.36%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga Community College District                                | CUYAHOGA OH CMNTY CLG DIST                          | CUSIP: 232392AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1228330.46   | 0.65%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                              | CUYAHOGA CNTY OH ECON DEV REVENUE                   | CUSIP: 232263KJ1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    300000 | PA      | $316106.79    | 0.17%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                   | OHIO ST WTR DEV AUTH REVENUE                        | CUSIP: 67765QHL3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042003.10   | 0.55%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE        | CUSIP: 67766WQ21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 1.49%             | 2054-12-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756AH96<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.96%             | 2043-01-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                           | JOBSOHIO BEVERAGE SYS STWD LIQUOR PROFITS REVENUE   | CUSIP: 47770VBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1824110.39   | 0.97%             | 2033-01-01      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                               | CLEVELAND OH                                        | CUSIP: 1863433W7<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035293.20   | 1.08%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DM52<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2223971.00   | 1.18%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Olmsted City School District                                 | NORTH OLMSTED OH CITY SCH DIST                      | CUSIP: 661309KR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2542785.75   | 1.35%             | 2048-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Ohio Transit Authority                                     | CENTRAL OH TRANSIT AUTH                             | CUSIP: 154690BF7<br>LEI: 549300JEENALUDLM0B07 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2070652.60   | 1.10%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                           | UNIV OF CINCINNATI OH RECPTS                        | CUSIP: 9141194V1<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4150704.00   | 2.21%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Green Local School District/Summit County                          | GREEN OH LOCAL SCH DIST SUMMIT CNTY                 | CUSIP: 393190HL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $996728.50    | 0.53%             | 2047-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                              | CUYAHOGA CNTY OH ECON DEV REVENUE                   | CUSIP: 232263KR3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    725000 | PA      | $740188.39    | 0.39%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE       | CUSIP: 67766WE57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1813809.00   | 0.96%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                             | OHIO ST AIR QUALITY DEV AUTH                        | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991528.90    | 0.53%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Ohio Municipal Electric Generation Agency                          | OHIO ST MUNI ELEC GENERATION AGY                    | CUSIP: 677409AT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2369475.00   | 1.26%             | 2027-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC REVENUE                     | CUSIP: 67756BE71<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1359426.24   | 0.72%             | 2046-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                   | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE          | CUSIP: 734195EE6<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    970000 | PA      | $877787.82    | 0.47%             | 2058-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                       | AMERICAN MUNI PWR-OHIO INC OH REVENUE               | CUSIP: 02765USX3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1310582.00   | 0.70%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Springboro Community City School District                          | SPRINGBORO OH CMNTY CITY SCH DIST                   | CUSIP: 85022KED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5478993.00   | 2.91%             | 2030-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lancaster Port Authority                                           | LANCASTER OH PORT AUTH GAS REVENUE                  | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2644500.00   | 1.41%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                        | OHIO ST HSG FIN AGY RSDL MTGE REVENUE               | CUSIP: 67756Q3M7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    910000 | PA      | $959664.62    | 0.51%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Butler OH                                                | BUTLER CNTY OH HOSP FACS                            | CUSIP: 123550HM0<br>LEI: 54930064OLVQO8IVR655 | Long             | DBT              | MUN               | US        |    590000 | PA      | $603145.85    | 0.32%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                | COLUMBUS OH REGL ARPT AUTH REVENUE                  | CUSIP: 199546DW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2591077.25   | 1.38%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Regional Sewer District                             | NORTHEAST OH REGL SWR DIST                          | CUSIP: 663903LK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051243.60   | 0.56%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DJY3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024305.10   | 0.54%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                 | AKRON BATH COPLEY JT TWP OH HOSP DIST               | CUSIP: 009730PU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $515953.94    | 0.27%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                        | OHIO ST HGR EDUCTNL FAC COMMISSION                  | CUSIP: 67756DW51<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518015.60    | 0.28%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Water Pollution Control                       | CLEVELAND OH WTR POLL CONTROL REVENUE               | CUSIP: 186423BU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $763768.80    | 0.41%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kettering City School District                                     | KETTERING OH CITY SCH DIST                          | CUSIP: 492692PW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4505000 | PA      | $4786833.25   | 2.55%             | 2031-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                   | OHIO ST WTR DEV AUTH REVENUE                        | CUSIP: 67765QMH6<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2135494.60   | 1.14%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                          | OHIO ST TURNPIKE COMMISSION                         | CUSIP: 67760HMA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1786267.60   | 0.95%             | 2046-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Airport System Revenue                        | CLEVELAND OH ARPT SYS REVENUE                       | CUSIP: 186352RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991803.10    | 0.53%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Summit OH                                                | SUMMIT CO OH                                        | CUSIP: 86606WBX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038429.10   | 0.55%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                              | HAMILTON CNTY OH HLTH CARE REVENUE                  | CUSIP: 40727RCK2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512740.95    | 0.27%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                              | HAMILTON CNTY OH HOSP FACS REVENUE                  | CUSIP: 407272Y23<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1086285.83   | 0.58%             | 2045-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk City School District                                       | NORWALK OH CITY SCH DIST                            | CUSIP: 669147FB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $350104.11    | 0.19%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lucas OH                                                 | LUCAS CNTY OH HOSP REVENUE                          | CUSIP: 549310WF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1505063.88   | 0.80%             | 2045-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westerville City School District                                   | WESTERVILLE OH CITY SCH DIST                        | CUSIP: 960028MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4590000 | PA      | $4781553.09   | 2.54%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Water         | CLEVELAND OH WTR REVENUE                            | CUSIP: 186427JB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1114160.42   | 0.59%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                            | DAYTON-MONTGOMERY CNTY OH PORT AUTH DEV REVENUE     | CUSIP: 23981MBD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $873323.70    | 0.46%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                               | CLEVELAND OH ARPT SPL REVENUE                       | CUSIP: 186347AC4<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1630836.03   | 0.87%             | 2027-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Water Pollution Control                       | CLEVELAND OH WTR POLL CONTROL REVENUE               | CUSIP: 186423AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $948182.76    | 0.50%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mason City School District                                         | MASON OH CITY SCH DIST                              | CUSIP: 575296GN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3877341.73   | 2.06%             | 2031-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH HLTH CARE FACS REVENUE             | CUSIP: 353180LZ3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506760.80   | 0.80%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                          | OHIO ST UNIV                                        | CUSIP: 677632ZK0<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1161263.18   | 0.62%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                              | FRANKLIN CNTY OH REVENUE                            | CUSIP: 353202FY5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2168390.79   | 1.15%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Worthington City School District                                   | WORTHINGTON OH CITY SCH DIST                        | CUSIP: 982038TL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3156451.20   | 1.68%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                | COLUMBUS OH                                         | CUSIP: 199492U23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2895103.35   | 1.54%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                        | OHIO ST HSG FIN AGY RSDL MTGE REVENUE               | CUSIP: 67756QZT7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    375000 | PA      | $314400.23    | 0.17%             | 2039-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                       | AMERICAN MUNI PWR-OHIO INC OH REVENUE               | CUSIP: 02765UKQ6<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000819.20   | 0.53%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-25

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer