# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001410368-25-017060
**Filing Date:** 2025-10
**Character Count:** 69676
**Document Hash:** 56cfeb040e58cc0f16cda524ea4c4ab8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-017060.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0001410368-25-017060

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**PERIOD START**: 20250831

**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:** 251414372

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

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $218551347.33

**Total Liabilities:** $904237.96

**Net Assets:** $217647109.37

**Cash Not Reported:** $256807.17

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -236.45000000 | **1-Year:** -7978.44000000 | **5-Year:** -30835.91000000 | **10-Year:** -95728.62000000 | **30-Year:** -27282.38000000

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

- **3-Month:** -12.60000000 | **1-Year:** -495.60000000 | **5-Year:** -2354.06000000 | **10-Year:** -2915.59000000 | **30-Year:** -784.79000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092722 | 0.57%                | -0.47%               | 0.84%                |
| Class ID C000013144 | 0.47%                | -0.60%               | 0.83%                |
| Class ID C000013142 | 0.55%                | -0.61%               | 0.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-99896.84               | $556097.09                                 |
| Month 2  | $-339683.71              | $-1508174.61                               |
| Month 3  | $-60176.06               | $1341062.29                                |

**Designated Index Information**

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

- **Index Identifier:** MBINDEX

### Schedule of Portfolio Investments

| Name                                                                   | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Puerto Rico Electric Power Authority                                   | PUERTO RICO ELEC PWR AUTH PWRREVENUE                       | CUSIP: 74526Q2V3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2105943.34   | 0.97%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $755481.47    | 0.35%             | 2044-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Polk Marion & Benton Counties School District No 13J Central           | POLK MARION & BENTON OR SCH DIST #13J                      | CUSIP: 731418KN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $422891.63    | 0.19%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                   | CLACKAMAS OR CMNTY CLG DIST                                | CUSIP: 179390QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1445404.00   | 0.66%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                          | WASHINGTON CNTY OR SCH DIST #13 BANKS                      | CUSIP: 938350FS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1250811.00   | 0.57%             | 2051-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                   | CLACKAMAS OR CMNTY CLG DIST                                | CUSIP: 179390NN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1266297.97   | 0.58%             | 2039-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon               | MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE                   | CUSIP: 62551PCY1<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2731239.00   | 1.25%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                     | OREGON ST HLTH & SCIENCE UNIV REVENUE                      | CUSIP: 685869HC6<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1483604.06   | 0.68%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                   | CLACKAMAS OR CMNTY CLG DIST                                | CUSIP: 179390NP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1607193.96   | 0.74%             | 2040-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                        | BEND OR                                                    | CUSIP: 081617VX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1323168.21   | 0.61%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $285496.72    | 0.13%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Beaverton OR Water Revenue                                     | BEAVERTON OR WTR REVENUE                                   | CUSIP: 07556MFX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $271858.55    | 0.12%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499384.80    | 0.23%             | 2040-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609UTG0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    600000 | PA      | $657482.88    | 0.30%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                            | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES            | CUSIP: 934312AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $291492.99    | 0.13%             | 2026-11-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 15 Forest Grove                   | WASHINGTON CNTY OR SCH DIST #15 FOREST GROVE               | CUSIP: 938361QJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044809.20   | 0.48%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $981998.59    | 0.45%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marion County School District No 1 Gervais/OR                          | MARION CNTY OR SCH DIST #1 GERVAIS                         | CUSIP: 569133DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2013755.78   | 0.93%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                        | BEND OR                                                    | CUSIP: 081617YG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1384149.74   | 0.64%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton       | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                 | CUSIP: 9384292B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1723688.16   | 0.79%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport OR                                                     | NEWPORT OR                                                 | CUSIP: 652300LC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925005.30    | 0.43%             | 2028-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Water System Revenue                               | PORTLAND OR WTR SYS REVENUE                                | CUSIP: 736754QM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009633.10   | 0.46%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lake Oswego OR                                                 | LAKE OSWEGO OR                                             | CUSIP: 510390M61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1233249.48   | 0.57%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1172085.98   | 0.54%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                           | CLACKAMAS CNTY OR HOSP FAC AUTH REVENUE                    | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89286.68     | 0.04%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                 | CUSIP: 68608EJS2<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    870000 | PA      | $880554.58    | 0.40%             | 2042-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| City of Newport OR                                                     | NEWPORT OR                                                 | CUSIP: 652300LD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1097361.25   | 0.50%             | 2029-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                     | REDMOND OR                                                 | CUSIP: 757657WW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1001158.67   | 0.46%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523857.85    | 0.24%             | 2043-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Water System Revenue                               | PORTLAND OR WTR SYS REVENUE                                | CUSIP: 736754TJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1083205.56   | 0.50%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes Public Library District                                      | DESCHUTES OR PUBLIC LIBRARY DIST                           | CUSIP: 250353BK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1240808.70   | 0.57%             | 2040-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Home Forward                                                           | PORTLAND OR HSG AUTH REVENUE                               | CUSIP: 736703FU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $564085.74    | 0.26%             | 2027-01-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Lake Oswego OR                                                 | LAKE OSWEGO OR                                             | CUSIP: 510390M95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2381925.96   | 1.09%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 7352403F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2414924.96   | 1.11%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $170505.69    | 0.08%             | 2026-07-01      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 51JT Riverdale       | MULTNOMAH-CLACKAMAS CNTYS OR RIVERDALE SCH DIST #51JT      | CUSIP: 625487EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1051430.14   | 0.48%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                 | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE          | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1926242.22   | 0.89%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 8R Hermiston                        | UMATILLA CNTY OR SCH DIST #8 R HERMISTON                   | CUSIP: 904121PL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2560000 | PA      | $1054761.98   | 0.48%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                     | OREGON ST HLTH & SCIENCE UNIV REVENUE                      | CUSIP: 685869HD4<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2512772.58   | 1.15%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609TLP1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   6995000 | PA      | $7054919.17   | 3.24%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                            | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    750000 | PA      | $823063.65    | 0.38%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1753949.93   | 0.81%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742G92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4805000 | PA      | $4895832.28   | 2.25%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Linn County Community School District No 9 Lebanon/OR                  | LINN CNTY OR CMNTY SCH DIST #9 LEBANON                     | CUSIP: 535809EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $3072685.88   | 1.41%             | 2030-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                      | SALEM OR HOSP FAC AUTH REVENUE                             | CUSIP: 794458EU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $552041.46    | 0.25%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740XJ5<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1285017.58   | 0.59%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $594897.88    | 0.27%             | 2039-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                          | WASHINGTON CNTY OR SCH DIST #13 BANKS                      | CUSIP: 938350FR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1141253.70   | 0.52%             | 2044-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Electric Utility System Revenue                      | EUGENE OR ELEC UTILITY REVENUE                             | CUSIP: 298191X28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1349752.72   | 0.62%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609UBC8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1140000.00   | 0.52%             | 2045-06-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740XQ9<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2095707.38   | 0.96%             | 2029-06-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 15 Forest Grove                   | WASHINGTON CNTY OR SCH DIST #15 FOREST GROVE               | CUSIP: 938361QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $395644.69    | 0.18%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                       | SANDY OR                                                   | CUSIP: 800358FY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1345954.99   | 0.62%             | 2050-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 735240Q71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $885489.39    | 0.41%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 735240M67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1174783.79   | 0.54%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $448641.14    | 0.21%             | 2042-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 86 Canby                           | CLACKAMAS CNTY OR SCH DIST #86                             | CUSIP: 179198JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1157049.97   | 0.53%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon               | MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE                   | CUSIP: 62551PCW5<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |    750000 | PA      | $740222.78    | 0.34%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Astoria Hospital Facilities Authority                                  | ASTORIA OR HOSP FACS AUTH                                  | CUSIP: 046279CT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3260860.16   | 1.50%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                   | YAMHILL CNTY OR REVENUE                                    | CUSIP: 98464TBA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1086859.85   | 0.50%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of West Linn OR                                                   | WEST LINN OR                                               | CUSIP: 954039PT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1329989.70   | 0.61%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tillamook County School District No 9 Tillamook                        | TILLAMOOK CNTY OR SCH DIST #9                              | CUSIP: 886835DU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1824178.13   | 0.84%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton       | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                 | CUSIP: 9384292V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2557112.00   | 1.17%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Clackamas Counties School District No 23J Tigard-Tualatin | WASHINGTON & CLACKAMAS CNTYS OR SCH DIST #23 J TIGARD      | CUSIP: 938395TK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3132471.60   | 1.44%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                 | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS             | CUSIP: 179093KH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1663023.31   | 0.76%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Tillamook OR                                                 | TILLAMOOK CNTY OR                                          | CUSIP: 886793FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217214.78    | 0.10%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hermiston OR                                                   | HERMISTON OR                                               | CUSIP: 427542NX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $442580.45    | 0.20%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                  | MEDFORD OR HOSP FACS AUTH REVENUE                          | CUSIP: 584283HA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4515000 | PA      | $4443619.66   | 2.04%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JXF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2545000.00   | 1.17%             | 2034-08-01      | Floating      | 3.80%                 | 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      | $196281.78    | 0.09%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                            | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES            | CUSIP: 934312AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1288189.17   | 0.59%             | 2027-11-01      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                     | REDMOND OR                                                 | CUSIP: 757657UH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $605618.61    | 0.28%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $219724.65    | 0.10%             | 2047-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                                | OREGON ST UNIV GEN REVENUE                                 | CUSIP: 68608WAV4<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1816582.48   | 0.83%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                   | PUERTO RICO ELEC PWR AUTH PWRREVENUE                       | CUSIP: 74526Q2M3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1055247.37   | 0.48%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 10JT Gresham-Barlow  | MULTNOMAH CLACKAMAS CNTYS OR SCH DIST #10JT GRESHAM-BARLOW | CUSIP: 625482HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1370126.28   | 0.63%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1904608.08   | 0.88%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $266922.30    | 0.12%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JSA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506393.75   | 0.69%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 35 Molalla River                   | MOLALLA RIVER OR SCH DIST #35                              | CUSIP: 608479BD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $309796.85    | 0.14%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tillamook County School District No 9 Tillamook                        | TILLAMOOK CNTY OR SCH DIST #9                              | CUSIP: 886835DW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $900781.18    | 0.41%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metro/OR                                                               | METRO OR                                                   | CUSIP: 59163PMM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2817375.79   | 1.29%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $429446.24    | 0.20%             | 2040-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District No 116 Winston-Dillard                  | DOUGLAS CNTY OR SCH DIST #116                              | CUSIP: 259507CB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $294774.03    | 0.14%             | 2036-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                                | OREGON ST UNIV GEN REVENUE                                 | CUSIP: 68608WBC5<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2790846.07   | 1.28%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $545150.85    | 0.25%             | 2038-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609BX69<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1630698.93   | 0.75%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $163661.82    | 0.08%             | 2028-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Water Utility System Revenue                         | EUGENE OR WTR REVENUE                                      | CUSIP: 298245MM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1631035.84   | 0.75%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $780962.60    | 0.36%             | 2041-07-01      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $253156.87    | 0.12%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 51JT Riverdale       | MULTNOMAH-CLACKAMAS CNTYS OR RIVERDALE SCH DIST #51JT      | CUSIP: 625487EP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $897369.50    | 0.41%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 35 Molalla River                   | MOLALLA RIVER OR SCH DIST #35                              | CUSIP: 608479BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $349298.76    | 0.16%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tillamook County School District No 9 Tillamook                        | TILLAMOOK CNTY OR SCH DIST #9                              | CUSIP: 886835DV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2136280.08   | 0.98%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Forward                                                           | PORTLAND OR HSG AUTH REVENUE                               | CUSIP: 736703GT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1681961.74   | 0.77%             | 2029-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| County of Benton OR                                                    | BENTON CNTY OR                                             | CUSIP: 082805EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $986220.34    | 0.45%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro Economic Development Council                                 | HILLSBORO OR ECON DEV COUNCIL TAX INCR REVENUE             | CUSIP: 432094AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $911751.16    | 0.42%             | 2043-06-01      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Benton & Polk School District No 17J                                   | PHILOMATH OR SCH DIST #17J BENTON & POLK CNTYS             | CUSIP: 718781CH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $599515.35    | 0.28%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 40 Creswell                             | LANE CNTY OR SCH DIST #40 CRESWELL                         | CUSIP: 515354ER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $551611.00    | 0.25%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031178.60   | 0.47%             | 2037-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 686087WV5<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    910000 | PA      | $872166.57    | 0.40%             | 2033-01-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Electric Utility System Revenue                      | EUGENE OR ELEC UTILITY REVENUE                             | CUSIP: 298191R25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1047832.14   | 0.48%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 735240P98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1531302.08   | 0.70%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No 2J Redmond/OR        | DESCHUTES & JEFFERSON CNTYS OR SCH DIST #2J REDMOND        | CUSIP: 250343GG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3017941.32   | 1.39%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740WJ6<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1002353.36   | 0.46%             | 2036-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5205000 | PA      | $5251055.92   | 2.41%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742J99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1346745.75   | 0.62%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                            | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $532883.00    | 0.24%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $225465.75    | 0.10%             | 2030-07-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68607EPR8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105234.21    | 0.05%             | 2026-08-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Mount Hood Community College District                                  | MOUNT HOOD OR CMNTY CLG DIST                               | CUSIP: 621587KU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2267851.40   | 1.04%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609UPP4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1701952.64   | 0.78%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Marion County School District No 1 Gervais/OR                          | MARION CNTY OR SCH DIST #1 GERVAIS                         | CUSIP: 569133CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3260453.81   | 1.50%             | 2044-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008169.70   | 0.46%             | 2039-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Redmond Area Park & Recreation District                                | REDMOND OR AREA PARK & RECREATION DISTRICT                 | CUSIP: 757660AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1202284.09   | 0.55%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Water Commission                                               | MEDFORD OR WTR COMMISSION WTR REVENUE                      | CUSIP: 584299AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3119483.46   | 1.43%             | 2049-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 686087Y84<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1890915.98   | 0.87%             | 2043-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                   | UNIV OF OREGON OR GEN REVENUE                              | CUSIP: 914767AD0<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2074678.86   | 0.95%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                      | SALEM OR HOSP FAC AUTH REVENUE                             | CUSIP: 794458FV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001038.00   | 1.38%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                   | YAMHILL CNTY OR REVENUE                                    | CUSIP: 98464TAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $897036.53    | 0.41%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1501138.17   | 0.69%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 6860874M6<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    975000 | PA      | $952941.21    | 0.44%             | 2049-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of West Linn OR                                                   | WEST LINN OR                                               | CUSIP: 954039PS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1391440.50   | 0.64%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                 | CUSIP: 68608ENJ7<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2008070.93   | 0.92%             | 2043-11-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $227141.75    | 0.10%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                      | PORT OF MORROW OR TRANSMISSION FACS REVENUE                | CUSIP: 73474TAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870369.40    | 0.40%             | 2036-09-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Deschutes County Administrative School District No 1 Bend-La Pine      | DESCHUTES CNTY OR ADMIN SCH DIST #1                        | CUSIP: 250325WJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2147405.40   | 0.99%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                      | PORT OF MORROW OR TRANSMISSION FACS REVENUE                | CUSIP: 73474TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1182326.21   | 0.54%             | 2040-09-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                 | MULTNOMAH CNTY OR SCH DIST #40                             | CUSIP: 625693JS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1187653.61   | 0.55%             | 2053-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hillsboro School District No 1J                                        | WASHINGTON MULTNOMAH & YAMHILL CNTYS OR SCH DIST #1J       | CUSIP: 939307JJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1641084.09   | 0.75%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Benton & Polk School District No 17J                                   | PHILOMATH OR SCH DIST #17J BENTON & POLK CNTYS             | CUSIP: 718781CF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $920430.10    | 0.42%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                     | OREGON ST HLTH & SCIENCE UNIV REVENUE                      | CUSIP: 685869HE2<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1922620.77   | 0.88%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                   | YAMHILL CNTY OR REVENUE                                    | CUSIP: 98464TAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3005000 | PA      | $2779780.06   | 1.28%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                     | REDMOND OR                                                 | CUSIP: 757657YX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129631.25    | 0.06%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                       | SANDY OR                                                   | CUSIP: 800358FS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $146935.46    | 0.07%             | 2044-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Tillamook OR                                                 | TILLAMOOK CNTY OR                                          | CUSIP: 886793FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546416.75    | 0.25%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                   | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE               | CUSIP: 68607V6S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062499.70   | 0.49%             | 2044-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbia County School District No 502                                 | COLUMBIA CNTY OR SCH DIST #502                             | CUSIP: 197558GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4950000 | PA      | $5000444.96   | 2.30%             | 2045-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JVR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1602809.49   | 0.74%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017871.70   | 0.47%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                           | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE       | CUSIP: 68607DUW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4630000 | PA      | $4817173.77   | 2.21%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                   | UNIV OF OREGON OR GEN REVENUE                              | CUSIP: 914767AC2<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |   4230000 | PA      | $4244646.38   | 1.95%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 7352404D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061415.60   | 0.95%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 40 Creswell                             | LANE CNTY OR SCH DIST #40 CRESWELL                         | CUSIP: 515354EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $403056.80    | 0.19%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Multnomah-Clackamas Counties Centennial School District No 28JT/OR     | MULTNOMAH-CLACKAMAS CNTYS OR CENTENNIAL SCH DIST #28JT     | CUSIP: 625485DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1821479.78   | 0.84%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310237.77    | 0.14%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $671064.19    | 0.31%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Water Commission                                               | MEDFORD OR WTR COMMISSION WTR REVENUE                      | CUSIP: 584299AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2378522.66   | 1.09%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tualatin Valley Water District                                         | TUALATIN VLY OR WTR DIST WTR REVENUE                       | CUSIP: 89855PEU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1635189.53   | 0.75%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 7J Lake Oswego                     | CLACKAMAS CNTY OR SCH DIST #7J LAKE OSWEGO                 | CUSIP: 179090QD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $209798.70    | 0.10%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                       | SANDY OR                                                   | CUSIP: 800358FW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989700.40    | 0.45%             | 2048-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                      | SALEM OR HOSP FAC AUTH REVENUE                             | CUSIP: 794458GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $662997.30    | 0.30%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-16

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer