# EDGAR Filing Document

**Accession Number:** 0000914529
**File Stem:** 0001410368-25-043555
**Filing Date:** 2025-12
**Character Count:** 71497
**Document Hash:** d1a7618802694fd1b141a756b2440858
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-043555.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001410368-25-043555

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260131

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08134
- **FILM NUMBER:** 251607284

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

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

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

## Series and Classes Contracts Data

### Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund (Series ID: S000049164)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000154967 | Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund Class A | EALBX           |
| C000154968 | Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund Class C | ECLBX           |
| C000154969 | Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund Class I | EILBX           |

## Nport-Ex

Parametric

TABS 1-to-10 Year Laddered Municipal Bond Fund

October 31, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 92.5%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 5.7% | Education — 5.7% | Education — 5.7% |
| Allegheny County Higher Education Building Authority, PA, (Carnegie Mellon University), 3.279%, (70% of SOFR + 0.29%), 8/1/27 (Put Date), 2/1/33<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$995835 |
| Massachusetts Development Finance Agency, (Harvard University), 5.00% to 5/13/32 (Put Date), 5/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1141588 |
| Metropolitan State University of Denver, CO, (Student Housing and Event Center), 5.00%, 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1150729 |
| New Jersey Educational Facilities Authority, (Princeton University), 5.00% to 7/1/31 (Put Date), 7/1/64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1112765 |
|  |  | &nbsp;&nbsp;**$4400917** |
| Electric Utilities — 5.2% | Electric Utilities — 5.2% | Electric Utilities — 5.2% |
| Burke County Development Authority, GA, (Oglethorpe Power Corp.), 3.60% to 2/1/30 (Put Date), 11/1/45 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1125 | &nbsp;&nbsp;$1142876 |
| Foley Utilities Board, AL, 5.00%, 11/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp; 1012800 |
| Fremont, NE, Combined Utilities Revenue, 1.75%, 7/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp; 1346238 |
| Seattle, WA, Municipal Light and Power Revenue, 3.47%, (SIFMA + 0.25%), 5/1/45<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 495997 |
|  |  | &nbsp;&nbsp;**$3997911** |
| General Obligations — 34.5% | General Obligations — 34.5% | General Obligations — 34.5% |
| Amherst, NY, 3.00%, 11/1/31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$498910 |
| Bexar County, TX, 3.00%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp; 2300119 |
| California, 3.60%, 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1013070 |
| Chaffey Joint Union High School District, CA, (Election of 2012), 0.00%, 8/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp; 81904 |
| Columbia School District, MO, 2.10%, 3/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 492915 |
| Connecticut, 5.00%, 12/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 558088 |
| David Douglas School District No. 40, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp; 515139 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp; 128495 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp; 83093 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp; 134263 |
| Eugene School District No. 4J, OR, Lane County, 3.00%, 6/15/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp; 838574 |
| Forest Lake, MN, 2.15%, 2/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 295423 |
| Fort Bend County Water Control and Improvement District No. 2, TX, 5.00%, 9/1/36<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1485 | &nbsp;&nbsp;&nbsp;&nbsp; 1611396 |
| Frisco, TX, 2.00%, 2/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 | &nbsp;&nbsp;&nbsp;&nbsp; 59231 |
| Hays Consolidated Independent School District, TX, (PSF Guaranteed), 3.25%, 2/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1005194 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Leander Independent School District, TX, (PSF Guaranteed), 0.00%, 8/15/32 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;$488049 |
| Lewisville, TX, 2.75%, 2/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp; 620574 |
| Lockhart Independent School District, TX, (PSF Guaranteed), 5.00%, 8/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp; 155281 |
| Loudoun County, VA, 1.625%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 830222 |
| New York, NY: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1036713 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1010247 |
| Norfolk, VA, 5.00%, 9/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1095569 |
| North Carolina: |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, 6/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1365 | &nbsp;&nbsp;&nbsp;&nbsp; 1250654 |
| &nbsp;&nbsp;&nbsp;3.00%, 6/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2501194 |
| Oregon, 5.00%, 5/15/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1646402 |
| Pennsylvania, 4.00%, 5/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 526927 |
| Roseville Joint Union High School District, CA, (Election of 2007), 0.00%, 8/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp; 82576 |
| Rutherford County, TN, 1.50%, 4/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1286360 |
| Sheldon Independent School District, TX, (PSF Guaranteed), 3.00%, 2/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 200061 |
| Somerville, MA, 1.75%, 10/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2608127 |
| Spring-Ford Area School District, PA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp; 289177 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp; 148267 |
| St. Cloud Independent School District No. 742, MN, 0.00%, 2/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 192577 |
| Tuscaloosa, AL, 5.00%, 8/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680 | &nbsp;&nbsp;&nbsp;&nbsp; 792874 |
| Umatilla School District No. 6R, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp; 19616 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 142613 |
| Washington County School District No. 13 Banks, OR, 0.00%, 6/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp; 141109 |
|  |  | &nbsp;&nbsp;**$26681003** |
| Hospital — 4.2% | Hospital — 4.2% | Hospital — 4.2% |
| California Health Facilities Financing Authority, (Adventist Health System/West), 5.00%, 12/1/35 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;$849696 |
| Center City, MN, (Hazelden Betty Ford Foundation): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 269603 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210 | &nbsp;&nbsp;&nbsp;&nbsp; 229273 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp; 303123 |
| Connecticut Health and Educational Facilities Authority, (Yale-New Haven Health), 5.00% to 7/1/29 (Put Date), 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 533257 |

---

------

Parametric

TABS 1-to-10 Year Laddered Municipal Bond Fund

October 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital (continued) | Hospital (continued) | Hospital (continued) |
| Metropolitan Government of Nashville and Davidson County Health and Educational Facilities Board, TN, (Vanderbilt University Medical Center), 5.00%, 7/1/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1052231 |
| San Diego County, CA, (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp; 35000 |
|  |  | &nbsp;&nbsp;**$3272183** |
| Housing — 8.6% | Housing — 8.6% | Housing — 8.6% |
| Connecticut Housing Finance Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 5.50%, 11/15/52 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380 | &nbsp;&nbsp;$396859 |
| Nebraska Investment Finance Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 5.50%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp; 769237 |
| Ohio Housing Finance Agency: |  |  |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 5.75%, 3/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 633554 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 6.25%, 3/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955 | &nbsp;&nbsp;&nbsp;&nbsp; 1039993 |
| Pennsylvania Housing Finance Agency, SFMR, 2.10%, 4/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp; 112303 |
| South Dakota Housing Development Authority, (FHLMC), (FNMA), (GNMA), 6.25%, 5/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp; 1034106 |
| Tennessee Housing Development Agency, Social Bonds, 5.50%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790 | &nbsp;&nbsp;&nbsp;&nbsp; 825563 |
| Texas Department of Housing and Community Affairs, Social Bonds, (GNMA), 5.75%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1695 | &nbsp;&nbsp;&nbsp;&nbsp; 1822057 |
|  |  | &nbsp;&nbsp;**$6633672** |
| Industrial Development Revenue — 1.1% | Industrial Development Revenue — 1.1% | Industrial Development Revenue — 1.1% |
| Parish of St. John the Baptist, LA, (Marathon Oil Corp.), 3.30% to 7/3/28 (Put Date), 6/1/37 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;$810060 |
|  |  | &nbsp;&nbsp;**$810060** |
| Insured - General Obligations — 3.0% | Insured - General Obligations — 3.0% | Insured - General Obligations — 3.0% |
| Clifton, NJ, (BAM), 2.00%, 8/15/33 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;$657150 |
| Royse City, TX, (BAM), 5.00%, 8/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1420 | &nbsp;&nbsp;&nbsp;&nbsp; 1626511 |
|  |  | &nbsp;&nbsp;**$2283661** |
| Insured - Lease Revenue/Certificates of Participation — 0.2% | Insured - Lease Revenue/Certificates of Participation — 0.2% | Insured - Lease Revenue/Certificates of Participation — 0.2% |
| Highlands County School Board, FL, (BAM), 5.00%, 3/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;$180271 |
|  |  | &nbsp;&nbsp;**$180271** |
| Insured - Special Tax Revenue — 1.5% | Insured - Special Tax Revenue — 1.5% | Insured - Special Tax Revenue — 1.5% |
| Downtown Revitalization Public Infrastructure District, UT, (AG), 5.00%, 6/1/34 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1150530 |
|  |  | &nbsp;&nbsp;**$1150530** |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation — 0.3% | Lease Revenue/Certificates of Participation — 0.3% | Lease Revenue/Certificates of Participation — 0.3% |
| St. Charles County Public Water Supply District No. 2, MO, 3.00%, 12/1/25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$249984 |
|  |  | &nbsp;&nbsp;**$249984** |
| Other Revenue — 12.6% | Other Revenue — 12.6% | Other Revenue — 12.6% |
| Black Belt Energy Gas District, AL, 5.25% to 9/1/32 (Put Date), 5/1/55 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;$823555 |
| California Community Choice Financing Authority, Clean Energy Project Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00% to 8/1/31 (Put Date), 2/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840 | &nbsp;&nbsp;&nbsp;&nbsp; 858500 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00% to 5/1/35 (Put Date), 10/1/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2204118 |
| Energy Southeast A Cooperative District, AL, 5.00%, 11/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1616487 |
| Fort Myers, FL, Capital Improvement Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp; 155257 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp; 270435 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 600909 |
| Main Street Natural Gas, Inc., GA, Gas Supply Revenue, 5.00% to 3/1/30 (Put Date), 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2144291 |
| New Mexico Municipal Energy Acquisition Authority, Gas Supply Revenue, 5.00% to 11/1/30 (Put Date), 6/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1073813 |
|  |  | &nbsp;&nbsp;**$9747365** |
| Senior Living/Life Care — 6.6% | Senior Living/Life Care — 6.6% | Senior Living/Life Care — 6.6% |
| Buffalo and Erie County Industrial Land Development Corp., NY, (Orchard Park CCRC, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;$60021 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830 | &nbsp;&nbsp;&nbsp;&nbsp; 830933 |
| California Municipal Finance Authority, (PRS California Obligated Group): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp; 452904 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;&nbsp;&nbsp; 373485 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 214335 |
| Lancaster Municipal Authority, PA, (Garden Spot Village), 5.00%, 5/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 213443 |
| Missouri Health and Educational Facilities Authority, (Lutheran Senior Services): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;760 | &nbsp;&nbsp;&nbsp;&nbsp; 771264 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp; 975294 |
| Virginia Small Business Financing Authority, (Lifespire of Virginia), 5.00%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1088063 |
| West Cornwall Township Municipal Authority, PA, (Lebanon Valley Brethren Home): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp; 124976 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp; 29869 |
|  |  | &nbsp;&nbsp;**$5134587** |

---

------

Parametric

TABS 1-to-10 Year Laddered Municipal Bond Fund

October 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Special Tax Revenue — 1.6% | Special Tax Revenue — 1.6% | Special Tax Revenue — 1.6% |
| Battery Park City Authority, NY, (SPA: TD Bank, N.A.), 4.00%, 11/1/38<sup>(3)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1215 | &nbsp;&nbsp;$1215000 |
|  |  | &nbsp;&nbsp;**$1215000** |
| Transportation — 1.4% | Transportation — 1.4% | Transportation — 1.4% |
| Maryland Department of Transportation, 3.00%, 10/1/31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;$562903 |
| Virgin Islands Transportation and Infrastructure Corp., 5.00%, 9/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 543124 |
|  |  | &nbsp;&nbsp;**$1106027** |
| Water and Sewer — 6.0% | Water and Sewer — 6.0% | Water and Sewer — 6.0% |
| New York City Municipal Water Finance Authority, 5.00%, 6/15/45 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;$2042668 |
| Southeast Energy Authority, AL, (Project No. 2), 4.00% to 12/1/31 (Put Date), 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2574524 |
|  |  | &nbsp;&nbsp;**$4617192** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $69,831,109) |  | &nbsp;&nbsp;**$71480363** |

---

Short-Term Investments — 8.6%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.00%<sup>(4)</sup> | 6631323 | &nbsp;&nbsp;$6631323 |
| Total Short-Term Investments<br> (identified cost $6,631,323) |  | &nbsp;&nbsp;**$6631323** |
| Total Investments — 101.1%<br> (identified cost $76,462,432) |  | &nbsp;&nbsp;**$78111686** |
| Other Assets, Less Liabilities — (1.1)% |  | &nbsp;&nbsp;**$(853295)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$77258391** |

---

---

| | |
|:---|:---|
| 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> | Floating rate security. The stated interest rate represents the rate in effect at October 31, 2025. |
| <sup>(2)</sup> | When-issued security. |
| <sup>(3)</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 October 31, 2025. |
| <sup>(4)</sup> | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of October 31, 2025. |
| At October 31, 2025, the concentration of the Fund's investments in the various states, determined as a percentage of net assets, is as follows: | At October 31, 2025, the concentration of the Fund's investments in the various states, determined as a percentage of net assets, is as follows: |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas | 12.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others, representing less than 10% individually | 79.6% |

---

The Fund invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At October 31, 2025, 4.6% 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 1.5% to 3.1% of total investments.

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AG | – Assured Guaranty, Inc. |
| BAM | – Build America Mutual Assurance Co. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| PSF | – Permanent School Fund |
| SFMR | – Single Family Mortgage Revenue |
| SIFMA | – Securities Industry and Financial Markets Association Municipal Swap Index |
| SOFR | – Secured Overnight Financing Rate |
| SPA | – Standby Bond Purchase Agreement |

---

------

Parametric

TABS 1-to-10 Year Laddered Municipal Bond Fund

October 31, 2025

Portfolio of Investments (Unaudited) — continued

------

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

Affiliated Investments

At October 31, 2025, the value of the Fund's investment in funds that may be deemed to be affiliated was $6,631,323, which represents 8.6% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended October 31, 2025 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Value,<br> beginning<br> of period** | **Purchases** | **Sales<br> proceeds** | **Net realized<br> gain (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Value, end<br> of period** | **Dividend<br> income** | **Shares,<br> end of period** |
| **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** |
| Liquidity Fund, Institutional Class<sup>(1)</sup> | $4718294 | $37025009 | $(35111980) | $— | $— | $6631323 | $105847 | 6631323 |

---

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

Fair Value Measurements

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$71480363 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$71480363 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;6631323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6631323 |
| **Total Investments** | &nbsp;&nbsp;**$6631323** | &nbsp;&nbsp;&nbsp;&nbsp;**$71480363** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$78111686** |

---

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

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

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

- **a. Name of Series:** Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000049164

- **c. LEI of Series:** 549300SK8HGOD7OT4260

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $79000684.68

**Total Liabilities:** $1891571.13

**Net Assets:** $77109113.55

**Delayed Delivery Securities:** $1614313.80

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -203.21000000 | **1-Year:** -2779.04000000 | **5-Year:** -16027.61000000 | **10-Year:** -16290.19000000 | **30-Year:** -1904.50000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000154967 | 0.72%                | 1.01%                | 0.62%                |
| Class ID C000154968 | 0.75%                | 0.95%                | 0.56%                |
| Class ID C000154969 | 0.74%                | 1.13%                | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $58227.48                | $293691.71                                 |
| Month 2  | $64723.56                | $560254.51                                 |
| Month 3  | $24543.37                | $240288.63                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Allegheny County Higher Education Building Authority                             | ALLEGHENY CNTY PA HGR EDU BLDG AUTH CLG REVENUE                     | CUSIP: 01729EKZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995835.30    | 1.29%             | 2033-02-01      | Floating      | 3.28%                 | No            |                  2 | On Loan: No      |
| Town of Amherst NY                                                               | AMHERST NY                                                          | CUSIP: 0313033F5<br>LEI: 549300Y05O1QJP3REV80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $498910.40    | 0.65%             | 2031-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Battery Park City Authority                                                      | BATTERY PARK CITY NY AUTH                                           | CUSIP: 07133AJC7<br>LEI: 549300RF3SFDOWRHVM56 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1215000.00   | 1.58%             | 2038-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | BEXAR CNTY TX                                                       | CUSIP: 088281VW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2300118.91   | 2.98%             | 2030-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                   | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    750000 | PA      | $823555.20    | 1.07%             | 2055-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE                   | CUSIP: 11943KCK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60020.88     | 0.08%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE                   | CUSIP: 11943KCP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $830932.75    | 1.08%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                         | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1142876.36   | 1.48%             | 2045-11-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE         | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    840000 | PA      | $858500.08    | 1.11%             | 2052-02-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE         | CUSIP: 13013JHG4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2204118.60   | 2.86%             | 2056-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                           | CUSIP: 13032U4X3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    750000 | PA      | $849695.48    | 1.10%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                 | CUSIP: 13048V2B3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    450000 | PA      | $452903.85    | 0.59%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                 | CUSIP: 13048V2C1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    365000 | PA      | $373485.30    | 0.48%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                 | CUSIP: 13048V2F4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $214335.02    | 0.28%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                       | CUSIP: 13063EQT6<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013070.00   | 1.31%             | 2036-12-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                           | CENTER CITY MN HLTH CARE FACSREVENUE                                | CUSIP: 151452CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269602.55    | 0.35%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                           | CENTER CITY MN HLTH CARE FACSREVENUE                                | CUSIP: 151452CF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $229273.34    | 0.30%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                           | CENTER CITY MN HLTH CARE FACSREVENUE                                | CUSIP: 151452CG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $303123.23    | 0.39%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chaffey Joint Union High School District                                         | CHAFFEY CA JT UNION HIGH SCH DIST                                   | CUSIP: 157411WK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $81903.53     | 0.11%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Clifton NJ                                                               | CLIFTON NJ                                                          | CUSIP: 1870904W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $657149.48    | 0.85%             | 2033-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Columbia School District/MO                                                      | COLUMBIA MO SCH DIST                                                | CUSIP: 198037CT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $492915.20    | 0.64%             | 2027-03-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                      | CUSIP: 20772KC31<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $558087.95    | 0.72%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                     | CUSIP: 20775DYS5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533257.20    | 0.69%             | 2049-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                    | CUSIP: 20775HXT5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    380000 | PA      | $396859.08    | 0.51%             | 2052-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES         | CUSIP: 26118TBG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1150530.30   | 1.49%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE                | CUSIP: 292723CU5<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1616486.70   | 2.10%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foley Utilities Board                                                            | FOLEY AL UTILITIES BRD UTILITIES REVENUE                            | CUSIP: 344244QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $1012800.15   | 1.31%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forest Lake MN                                                           | FOREST LAKE MN                                                      | CUSIP: 345850EA5<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |    300000 | PA      | $295423.20    | 0.38%             | 2027-02-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Fort Bend County Water Control & Improvement District No 2                       | FORT BEND CNTY TX WC&ID #2                                          | CUSIP: 346820YX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1611396.22   | 2.09%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Myers FL                                                            | FORT MYERS FL CAPITAL IMPT REVENUE                                  | CUSIP: 348073DZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155256.90    | 0.20%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Myers FL                                                            | FORT MYERS FL CAPITAL IMPT REVENUE                                  | CUSIP: 348073EA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $270434.65    | 0.35%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Myers FL                                                            | FORT MYERS FL CAPITAL IMPT REVENUE                                  | CUSIP: 348073EB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600908.76    | 0.78%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fremont NE Combined Utility System Revenue                               | FREMONT NE COMB UTILITY SYS REVENUE                                 | CUSIP: 357415SE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1346237.92   | 1.75%             | 2033-07-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| City of Frisco TX                                                                | FRISCO TX                                                           | CUSIP: 358776ZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $59230.70     | 0.08%             | 2033-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Hays Consolidated Independent School District                                    | HAYS TX CONSOL INDEP SCH DIST                                       | CUSIP: 4211102J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005193.60   | 1.30%             | 2032-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Highlands County School Board                                                    | HIGHLANDS CNTY FL SCH BRD                                           | CUSIP: 43102DDX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180271.19    | 0.23%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                    | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                        | CUSIP: 514350AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213443.12    | 0.28%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 4J Eugene                                         | LANE CNTY OR SCH DIST #4J EUGENE                                    | CUSIP: 515300SV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $838574.22    | 1.09%             | 2034-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                              | LEANDER TX INDEP SCH DIST                                           | CUSIP: 521841Q74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $488049.12    | 0.63%             | 2032-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Lewisville TX                                                            | LEWISVILLE TX                                                       | CUSIP: 528815JH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $620574.32    | 0.80%             | 2033-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Lockhart Independent School District/TX                                          | LOCKHART TX INDEP SCH DIST                                          | CUSIP: 539770MG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155280.80    | 0.20%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                             | LOUDOUN CNTY VA                                                     | CUSIP: 54589TKT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $830221.90    | 1.08%             | 2034-12-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                         | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   6631323 | NS      | $6631323.19   | 8.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                   | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2144291.20   | 2.78%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN                      | CUSIP: 574204R70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $562902.54    | 0.73%             | 2031-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                | CUSIP: 57585BGT9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1141588.10   | 1.48%             | 2055-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD         | CUSIP: 592041ZX8<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052230.80   | 1.36%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan State University of Denver                                          | MET ST UNIV OF DENVER CO INSTNL ENTERPRISE REVENUE                  | CUSIP: 592573BH1<br>LEI: 549300N1SATRVUALT408 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1150729.10   | 1.49%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                | CUSIP: 60635H3S6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    760000 | PA      | $771263.73    | 1.00%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                | CUSIP: 60635H3T4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    950000 | PA      | $975294.13    | 1.26%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                           | MULTNOMAH CNTY OR SCH DIST #40                                      | CUSIP: 625693HN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $515138.93    | 0.67%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                           | MULTNOMAH CNTY OR SCH DIST #40                                      | CUSIP: 625693HP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $128494.59    | 0.17%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                           | MULTNOMAH CNTY OR SCH DIST #40                                      | CUSIP: 625693HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $83093.47     | 0.11%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                           | MULTNOMAH CNTY OR SCH DIST #40                                      | CUSIP: 625693HS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $134263.39    | 0.17%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE                      | CUSIP: 63968MG78<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    730000 | PA      | $769236.62    | 1.00%             | 2052-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                             | CUSIP: 646067KD9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112764.80   | 1.44%             | 2064-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                                | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY                 | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073812.60   | 1.39%             | 2054-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                         | CUSIP: 64966MFH7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010247.20   | 1.31%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                         | CUSIP: 64966MQW2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036713.00   | 1.34%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE            | CUSIP: 64972GA95<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042668.60   | 2.65%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Norfolk VA                                                               | NORFOLK VA                                                          | CUSIP: 655867T90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095568.60   | 1.42%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | NORTH CAROLINA ST                                                   | CUSIP: 6582562S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501193.75   | 3.24%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | NORTH CAROLINA ST                                                   | CUSIP: 6582564N9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1250654.50   | 1.62%             | 2033-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756Q2H9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    600000 | PA      | $633553.86    | 0.82%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756Q6W2<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    955000 | PA      | $1039992.90   | 1.35%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                           | CUSIP: 68609UTJ4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1646402.10   | 2.14%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                         | CUSIP: 70879QFZ1<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    115000 | PA      | $112302.64    | 0.15%             | 2028-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                                     | CUSIP: 70914PR95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526927.00    | 0.68%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roseville Joint Union High School District                                       | ROSEVILLE CA JT UNION HIGH SCH DIST                                 | CUSIP: 777849VK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $82576.15     | 0.11%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                            | ROYSE CITY TX                                                       | CUSIP: 780860PN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1626511.17   | 2.11%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Rutherford TN                                                          | RUTHERFORD CNTY TN                                                  | CUSIP: 783244KA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1286359.80   | 1.67%             | 2033-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| St Charles County Public Water Supply District No 2                              | SAINT CHARLES CNTY MO PUBLIC WTR SPLY DIST #2 COPS                  | CUSIP: 78764YCW5<br>LEI: 54930038VJHZW7PR1R14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249984.40    | 0.32%             | 2025-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| St Cloud Independent School District No 742/MN                                   | SAINT CLOUD MN INDEP SCH DIST#742                                   | CUSIP: 789177ST0<br>LEI: 549300777B7XVMYHUU90 | Long             | DBT              | MUN               | US        |    200000 | PA      | $192577.32    | 0.25%             | 2027-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | SAINT JOHN THE BAPTIST PARISH LA REVENUE                            | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $810060.16    | 1.05%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| County of San Diego CA                                                           | SAN DIEGO CNTY CA LIMITED REVENUE OBLIGS                            | CUSIP: 79742YAK8<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35000.00     | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                               | SEATTLE WA MUNI LIGHT & PWR REVENUE                                 | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495996.45    | 0.64%             | 2045-05-01      | Floating      | 3.47%                 | No            |                  2 | On Loan: No      |
| Sheldon Independent School District                                              | SHELDON TX INDEP SCH DIST                                           | CUSIP: 8225163R9<br>LEI: 54930060GSW0WSH51R22 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200061.00    | 0.26%             | 2032-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Somerville MA                                                            | SOMERVILLE MA                                                       | CUSIP: 8352404V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2608127.10   | 3.38%             | 2033-10-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                       | SOUTH DAKOTA ST HSG DEV AUTH                                        | CUSIP: 83756LAC9<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    950000 | PA      | $1034106.16   | 1.34%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                     | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2574523.75   | 3.34%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Spring-Ford Area School District                                                 | SPRING FORD PA AREA SCH DIST                                        | CUSIP: 849534TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $289177.42    | 0.38%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring-Ford Area School District                                                 | SPRING FORD PA AREA SCH DIST                                        | CUSIP: 849534TN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $148266.59    | 0.19%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE                      | CUSIP: 88046KCG9<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    790000 | PA      | $825563.11    | 1.07%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE              | CUSIP: 882750SX1<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1822057.20   | 2.36%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Tuscaloosa AL                                                            | TUSCALOOSA AL                                                       | CUSIP: 9005772N6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $792873.54    | 1.03%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 6R Umatilla                                   | UMATILLA CNTY OR SCH DIST #6 R UMATILLA                             | CUSIP: 904115FC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19616.00     | 0.03%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 6R Umatilla                                   | UMATILLA CNTY OR SCH DIST #6 R UMATILLA                             | CUSIP: 904115FD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $142612.77    | 0.18%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp                              | VIRGIN ISLANDS TRANSPRTN & INFRASTRUCTURE CORP GRANT ANTIC          | CUSIP: 927686AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543124.05    | 0.70%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH RSDL FAC CARE REVENUE          | CUSIP: 928103AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088062.90   | 1.41%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                                    | WASHINGTON CNTY OR SCH DIST #13 BANKS                               | CUSIP: 938350FQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $141108.96    | 0.18%             | 2032-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                                       | W CORNWALL TWP PA MUNI AUTH                                         | CUSIP: 95235TAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $124976.36    | 0.16%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                                       | W CORNWALL TWP PA MUNI AUTH                                         | CUSIP: 95235TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29868.90     | 0.04%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer