# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-23-069888
**Filing Date:** 2023-3
**Character Count:** 44793
**Document Hash:** 09952bdf147cbef30323455ccaf20932
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-069888.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-069888

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EATON VANCE MUNICIPALS TRUST
- **CENTRAL INDEX KEY:** 0000778365
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04409
- **FILM NUMBER:** 23768478

**BUSINESS ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

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

## Series and Classes Contracts Data

### Eaton Vance Arizona Municipal Income Fund (Series ID: S000004849)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000013133 | Eaton Vance Arizona Municipal Income Fund Class A | ETAZX           |
| C000013135 | Eaton Vance Arizona Municipal Income Fund Class C | ECAZX           |
| C000092720 | Eaton Vance Arizona Municipal Income Fund Class I | EIAZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EATON VANCE MUNICIPALS TRUST

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

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

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

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

  - **Street Address 1:** TWO INTERNATIONAL PLACE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

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

- **b. EDGAR series identifier (if any):** S000004849

- **c. LEI of Series:** 54930057B2LJ4I6KZJ02

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $78834938.61

**Total Liabilities:** $3291939.27

**Net Assets:** $75542999.34

**Delayed Delivery Securities:** $3042195.00

**Cash Not Reported:** $3214640.73

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -130.26000000 | **1-Year:** -3959.74000000 | **5-Year:** -12552.73000000 | **10-Year:** -18887.83000000 | **30-Year:** -3947.99000000

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

- **3-Month:** -6.25000000 | **1-Year:** -155.38000000 | **5-Year:** -1206.19000000 | **10-Year:** -1296.82000000 | **30-Year:** -307.71000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092720 | 3.76%                | 0.13%                | 2.50%                |
| Class ID C000013133 | 3.74%                | 0.11%                | 2.48%                |
| Class ID C000013135 | 3.75%                | -0.05%               | 2.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-120308.85              | $2501763.29                                |
| Month 2  | $-10196.58               | $-95949.84                                 |
| Month 3  | $-13749.80               | $1631804.74                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| City of Mesa AZ Utility System Revenue                              | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 590545XD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $454666.50    | 0.60%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                              | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MPV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1491900.00   | 1.97%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 60 Higley                | MARICOPA CNTY AZ HIGH SCH DIST #60 COPS HIGLEY               | CUSIP: 56756QBG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010250.00   | 1.34%             | 2047-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                              | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 590545Y94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1210760.00   | 1.60%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arizona/The                                           | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484UB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1647765.00   | 2.18%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 80 Chandler              | MARICOPA CNTY AZ UNIF SCH DIST #80 CHANDLER                  | CUSIP: 567389VS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $236047.50    | 0.31%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                            | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $459050.00    | 0.61%             | 2028-07-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                           | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                   | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2119380.00   | 2.81%             | 2052-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                    | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                  | CUSIP: 56678PAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $447592.00    | 0.59%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                           | GLENDALE AZ INDL DEV AUTH SENIOR LIVING FACS REVENUE         | CUSIP: 378287AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $475225.00    | 0.63%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 69 Paradise Valley       | MARICOPA CNTY AZ UNIF SCH DIST #69 PARADISE VLY              | CUSIP: 567373R64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1586115.00   | 2.10%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 210-Phoenix           | MARICOPA CNTY AZ HIGH SCH DIST #210 PHOENIX                  | CUSIP: 567505RL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308226.00    | 0.41%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Pollution Control Corp                              | MARICOPA CNTY AZ POLL CONTROLCORP POLL CONTROL REVENUE       | CUSIP: 566854EE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $229137.50    | 0.30%             | 2040-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 2 Riverside           | MARICOPA CNTY AZ ELEM SCH DIST #2 RIVERSIDE                  | CUSIP: 566747GC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $650952.10    | 0.86%             | 2024-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                               | YUMA AZ INDL DEV AUTH HOSP REVENUE                           | CUSIP: 988514CD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1027300.95   | 1.36%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Maricopa Education Center District No 402                   | WESTERN MARICOPA AZ EDU CTR DT #402                          | CUSIP: 95855RBP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $355904.50    | 0.47%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Tempe AZ Transit Excise Tax Revenue                         | TEMPE AZ TRANSIT EXCISE TAX REVENUE                          | CUSIP: 879735CU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1145475.80   | 1.52%             | 2028-07-01      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| University of Arizona/The                                           | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484WW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $675894.00    | 0.89%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                            | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BKK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250667.50    | 0.33%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                | PUERTO RICO ELEC PWR AUTH PWR REVENUE                        | CUSIP: 74526QEU2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    245000 | PA      | $245298.90    | 0.32%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                  | PINAL CNTY AZ REVENUE OBLGS                                  | CUSIP: 72205REJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520440.00    | 0.69%             | 2036-08-01      | Fixed         | 4.00%                 | 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        |   1000000 | PA      | $987740.00    | 1.31%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                              | PHOENIX AZ CIVIC IMPT CORP DIST REVENUE                      | CUSIP: 71884WBF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $2061309.90   | 2.73%             | 2041-07-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Tempe AZ                                                    | TEMPE AZ                                                     | CUSIP: 8797096A6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143180.00   | 1.51%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                            | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $474764.80    | 0.63%             | 2036-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Central Arizona Water Conservation District                         | CENTRL ARIZONA ST WTR CONSV DIST WTR DELIVERY O&M REVENUE CE | CUSIP: 15240AAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1594605.00   | 2.11%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                           | GLENDALE AZ INDL DEV AUTH                                    | CUSIP: 378286KU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $219415.00    | 0.29%             | 2033-07-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                 | CUSIP: 71885DED0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512375.00    | 0.68%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Department of Transportation State Highway Fund Revenue     | ARIZONA ST TRANSPRTN BRD HIGHWAY REVENUE                     | CUSIP: 040654WT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032450.00   | 1.37%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gilbert Water Resource Municipal Property Corp                      | GILBERT AZ WTR RESOURCE MUNI PROPERTY CORP UTILITY SYS REVEN | CUSIP: 37530ACH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002640.00   | 1.33%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pima County Unified School District No 6 Marana/AZ                  | PIMA CNTY AZ UNIF SCH DIST #6MARANA                          | CUSIP: 721812QA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522025.00    | 0.69%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                              | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 590545WC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1218638.00   | 1.61%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Coconino AZ Pledged Revenue                               | COCONINO CNTY AZ PLEDGED REVENUE                             | CUSIP: 191872AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498680.00    | 0.66%             | 2023-07-01      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                              | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 590545YY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $434515.00    | 0.58%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima County Community College District/AZ                           | PIMA CNTY AZ CMNTY CLG DIST                                  | CUSIP: 721666BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $337419.00    | 0.45%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cottonwood AZ                                               | COTTONWOOD AZ PLEDGED REVENUE                                | CUSIP: 221821BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $692206.00    | 0.92%             | 2035-07-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Arizona State University                                            | ARIZONA BRD OF RGTS ST UNIV SYS REVENUE                      | CUSIP: 04048RNV4<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1203015.00   | 1.59%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Queen Creek AZ Excise Tax Revenue                           | QUEEN CREEK AZ EXCISE TAX & ST SHARED REVENUE                | CUSIP: 74823YBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1269978.15   | 1.68%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                              | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 590545YW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $121294.80    | 0.16%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Pollution Control Corp                              | MARICOPA CNTY AZ POLL CONTROLCORP POLL CONTROL REVENUE       | CUSIP: 566854EA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $850221.00    | 1.13%             | 2042-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                              | TEMPE AZ INDL DEV AUTH REVENUE                               | CUSIP: 87972MBP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $468205.00    | 0.62%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                       | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                  | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201568.00    | 0.27%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 48 Scottsdale            | MARICOPA CNTY AZ UNIF SCH DIST #48 SCOTTSDALE                | CUSIP: 567288TN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $835867.50    | 1.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ Transportation Excise Tax Revenue               | GLENDALE AZ TRANSPRTN EXCISE TAX REVENUE                     | CUSIP: 378325BM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1323500.00   | 1.75%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                              | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PJT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $893385.20    | 1.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 60 Higley                | MARICOPA CNTY AZ HIGH SCH DIST #60 COPS HIGLEY               | CUSIP: 56756QBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506585.00    | 0.67%             | 2042-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                            | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BMB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $340847.50    | 0.45%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District        | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CCU5<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1114970.00   | 1.48%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                              | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MPW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993550.00    | 1.32%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District No 66 Roosevelt Elementary          | MARICOPA CNTY AZ ELEM SCH DIST #66 ROOSEVELT ELEM            | CUSIP: 567337SR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $393236.25    | 0.52%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Arizona/The                                           | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484NY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1598445.00   | 2.12%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                 | CUSIP: 71885DEE8<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253132.50    | 0.34%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kyrene Elementary School District No 28                             | MARICOPA CNTY AZ ELEM SCH DIST #28 KYRENE ELEM               | CUSIP: 567137C93<br>LEI: 54930076HGOXEKIIH691 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202566.00    | 0.27%             | 2030-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Yavapai/The       | YAVAPAI CNTY AZ INDL DEV AUTH HOSP FAC                       | CUSIP: 985900DH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504735.00    | 0.67%             | 2033-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                    | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NGS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $428895.00    | 0.57%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                            | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $92018.75     | 0.12%             | 2046-07-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                           | GLENDALE AZ INDL DEV AUTH                                    | CUSIP: 378286JQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $209272.50    | 0.28%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District No 3 Tempe Elementary               | MARICOPA CNTY AZ ELEM SCH DIST #3 TEMPE ELEM                 | CUSIP: 566880TP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2839918.80   | 3.76%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                      | LA PAZ CNTY AZ INDL DEV AUTH EDU FAC LEASE REVENUE           | CUSIP: 50376FBT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44005.05     | 0.06%             | 2024-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                         | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $532445.00    | 0.70%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                            | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BPU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $167378.75    | 0.22%             | 2025-07-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Pinal County Electric District No 3                                 | PINAL CNTY AZ ELEC DIST #3                                   | CUSIP: 722021CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072990.00   | 1.42%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                              | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AE54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005790.00   | 1.33%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pinal County Unified School District No 43 Apache Junction          | PINAL CNTY AZ UNIF SCH DIST #43 APACHE JUNCTION              | CUSIP: 722195MQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1240968.00   | 1.64%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                 | CUSIP: 71885DCS9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    415000 | PA      | $433330.55    | 0.57%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District No 66 Roosevelt Elementary          | MARICOPA CNTY AZ ELEM SCH DIST #66 ROOSEVELT ELEM            | CUSIP: 567337ST8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $414212.00    | 0.55%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                      | LA PAZ CNTY AZ INDL DEV AUTH EDU FAC LEASE REVENUE           | CUSIP: 50376FBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $384114.70    | 0.51%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pima County Community College District/AZ                           | PIMA CNTY AZ CMNTY CLG DIST                                  | CUSIP: 721666CB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $799711.20    | 1.06%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Scottsdale AZ                                               | SCOTTSDALE AZ                                                | CUSIP: 810454ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1578345.00   | 2.09%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix AZ                                                  | PHOENIX AZ                                                   | CUSIP: 718814W28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1404968.40   | 1.86%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HTA TRRB Custodial Trust                                            | HTA TRRB 2005L-745190UR7 ASSURED CUSTODIAL TRUST             | CUSIP: 40444FAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504925.00    | 0.67%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                 | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507PX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1699965.00   | 2.25%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tempe AZ Transit Excise Tax Revenue                         | TEMPE AZ TRANSIT EXCISE TAX REVENUE                          | CUSIP: 879735CT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $473115.60    | 0.63%             | 2027-07-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| City of Tucson AZ Water System Revenue                              | TUCSON AZ WTR REVENUE                                        | CUSIP: 898797EP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $581092.00    | 0.77%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                    | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HCY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975870.00    | 1.29%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                              | TEMPE AZ INDL DEV AUTH REVENUE                               | CUSIP: 87972MBN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $359480.00    | 0.48%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                            | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BMR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $471486.75    | 0.62%             | 2031-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                | PUERTO RICO ELEC PWR AUTH PWR REVENUE                        | CUSIP: 74526QPM8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    485000 | PA      | $491557.20    | 0.65%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 25-Liberty            | MARICOPA CNTY AZ ELEM SCH DIST #25 LIBERTY                   | CUSIP: 567134HR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2302320.00   | 3.05%             | 2042-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Tucson AZ Water System Revenue                              | TUCSON AZ WTR REVENUE                                        | CUSIP: 898797EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $601843.50    | 0.80%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Arizona University                                         | NTHRN AZ UNIV                                                | CUSIP: 6647544N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064330.00   | 1.41%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                            | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BHY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $53890.65     | 0.07%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                  | PINAL CNTY AZ REVENUE OBLGS                                  | CUSIP: 72205REF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $640872.00    | 0.85%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                            | ARIZONA INDL DEV AUTH HOSP REVENUE                           | CUSIP: 04052EAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 2.65%             | 2048-02-01      | Floating      | 1.20%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District        | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CEP4<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118350.00   | 1.48%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                            | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $37738.40     | 0.05%             | 2025-07-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                    | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979100.00    | 1.30%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gilbert Water Resource Municipal Property Corp                      | GILBERT AZ WTR RESOURCE MUNI PROPERTY CORP UTILITY SYS REVEN | CUSIP: 37530AAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $772402.50    | 1.02%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                            | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $293711.00    | 0.39%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                              | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MQA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1513723.80   | 2.00%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                           | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE              | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1437316.25   | 1.90%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                 | CUSIP: 71885DDC3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510425.00    | 0.68%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                            | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BLS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $47682.60     | 0.06%             | 2050-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Elementary School District No 2 Riverside           | MARICOPA CNTY AZ ELEM SCH DIST #2 RIVERSIDE                  | CUSIP: 566747FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1187210.00   | 1.57%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-15

**Name of Applicant:** EATON VANCE MUNICIPALS TRUST

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer