# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-25-180820
**Filing Date:** 2025-7
**Character Count:** 71004
**Document Hash:** 830c676b1d4b3c356af2cf87cfe91018
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180820.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180820

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**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:** 251155333

**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 Georgia Municipal Income Fund (Series ID: S000004864)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000013178 | Eaton Vance Georgia Municipal Income Fund Class A | ETGAX           |
| C000013180 | Eaton Vance Georgia Municipal Income Fund Class C | ECGAX           |
| C000063956 | Eaton Vance Georgia Municipal Income Fund Class I | EIGAX           |

## Nport-Ex

Eaton Vance<br>

Georgia Municipal Income Fund

May 31, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Mortgage-Backed Securities — 0.8%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing — 0.8% | Housing — 0.8% | Housing — 0.8% |
| Housing Authority of Savannah, GA, (Pines At Garden City), Series 2025A, (FNMA), 4.75%, 3/1/42 | $1000 | &nbsp;&nbsp;$1003578 |
| Total Tax-Exempt Mortgage-Backed Securities<br> (identified cost $1,000,000) |  | &nbsp;&nbsp;**$1003578** |

---

Tax-Exempt Municipal Obligations — 96.2%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 7.2% | Education — 7.2% | Education — 7.2% |
| Cobb County Development Authority, GA, (Georgia Tech Cobb Research), 5.00%, 6/1/49 | $1000 | &nbsp;&nbsp;$980105 |
| Cobb County Development Authority, GA, (Mt. Bethel Christian Academy), 6.00%, 6/1/45<sup>(1)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1010738 |
| Fulton County Development Authority, GA, (Georgia Tech Facilities, Inc.), 5.00%, 6/15/49 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp; 641200 |
| Georgia Private Colleges and Universities Authority, (Emory University), 4.00%, 9/1/40 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1882569 |
| Georgia Private Colleges and Universities Authority, (Savannah College of Art and Design), 4.00%, 4/1/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1794046 |
| Unified Government of Athens-Clarke County Development Authority, GA, (University of Georgia Athletic Association), 5.00%, 4/1/41 | 2390 | &nbsp;&nbsp;&nbsp;&nbsp; 2510744 |
|  |  | &nbsp;&nbsp;**$8819402** |
| Electric Utilities — 1.7% | Electric Utilities — 1.7% | Electric Utilities — 1.7% |
| Dalton, GA, Combined Utilities Revenue, 4.00%, 3/1/34 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$500685 |
| Georgia Municipal Electric Power Authority, 5.00%, 1/1/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1532245 |
|  |  | &nbsp;&nbsp;**$2032930** |
| Escrowed/Prerefunded — 2.3% | Escrowed/Prerefunded — 2.3% | Escrowed/Prerefunded — 2.3% |
| Atlanta, GA, Water and Wastewater Revenue, Prerefunded to 11/1/27, 5.00%, 11/1/39 | $1500 | &nbsp;&nbsp;$1576185 |
| Cedartown Polk County Hospital Authority, GA, (Polk Medical Center), Prerefunded to 7/1/26, 5.00%, 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp; 868189 |
| Forsyth County Hospital Authority, GA, (Georgia Baptist Health Care System), Escrowed to Maturity, 6.375%, 10/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;380 | &nbsp;&nbsp;&nbsp;&nbsp; 404144 |
|  |  | &nbsp;&nbsp;**$2848518** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations — 11.8% | General Obligations — 11.8% | General Obligations — 11.8% |
| Atlanta Urban Redevelopment Agency, GA, 5.00%, 7/1/38 | $1000 | &nbsp;&nbsp;$1093785 |
| Atlanta, GA, Social Bonds, 5.00%, 12/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1095912 |
| Bryan County School District, GA: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 500416 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;&nbsp;&nbsp; 435286 |
| Charlton County School District, GA, 6.00%, 4/1/40<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp; 515060 |
| Dalton, GA, 5.00%, 2/1/48 | 1735 | &nbsp;&nbsp;&nbsp;&nbsp; 1744281 |
| Greene County School District, GA: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/48 | 1610 | &nbsp;&nbsp;&nbsp;&nbsp; 1460787 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp; 104532 |
| Gwinnett County School District, GA, 4.00%, 2/1/33 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2002927 |
| Hall County School District, GA, 5.00%, 2/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1082124 |
| Perry Public Facilities Authority, GA, 4.00%, 4/1/46 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 644066 |
| Puerto Rico: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 508360 |
| &nbsp;&nbsp;&nbsp;5.625%, 7/1/29 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1572383 |
| Unified Government of Athens-Clarke County Development Authority, GA, 5.00%, 6/1/32 | 1080 | &nbsp;&nbsp;&nbsp;&nbsp; 1081175 |
| Walton County Public Facilities Authority, GA, 5.00%, 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 523029 |
|  |  | &nbsp;&nbsp;**$14364123** |
| Hospital — 12.7% | Hospital — 12.7% | Hospital — 12.7% |
| Brookhaven Development Authority, GA, (Children's Healthcare of Atlanta): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/44 | $1500 | &nbsp;&nbsp;$1333143 |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/49 | 1320 | &nbsp;&nbsp;&nbsp;&nbsp; 1130164 |
| Dalton Whitfield County Joint Development Authority, GA, (Hamilton Health Care System, Inc.), 5.00%, 8/15/35 | 2125 | &nbsp;&nbsp;&nbsp;&nbsp; 2328298 |
| DeKalb Private Hospital Authority, GA, (Children's Healthcare of Atlanta), 4.00%, 7/1/39 | 1615 | &nbsp;&nbsp;&nbsp;&nbsp; 1557657 |
| Fulton County Development Authority, GA, (Piedmont Healthcare, Inc.), 5.00%, 7/1/32 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1520388 |
| Fulton County Development Authority, GA, (WellStar Health System, Inc.), 5.00%, 4/1/37 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1267194 |
| Gainesville and Hall County Hospital Authority, GA, (Northeast Georgia Health System, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 2/15/45 | 1970 | &nbsp;&nbsp;&nbsp;&nbsp; 1714223 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/15/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1106315 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1008834 |
| Glynn-Brunswick Memorial Hospital Authority, GA, (Southeast Georgia Health System): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 227275 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 445948 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp; 650846 |

---

------

Eaton Vance<br>

Georgia Municipal Income Fund

May 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital (continued) | Hospital (continued) | Hospital (continued) |
| Paulding County Hospital Authority, GA, (WellStar Health System, Inc.), 5.00%, 4/1/43 | $1250 | &nbsp;&nbsp;$1271292 |
|  |  | &nbsp;&nbsp;**$15561577** |
| Housing — 8.4% | Housing — 8.4% | Housing — 8.4% |
| Atlanta Urban Residential Finance Authority, GA, (Flats At Stone Hogan), (FNMA), 4.37%, 5/1/44 | $1000 | &nbsp;&nbsp;$960161 |
| Cobb County Development Authority, GA, (KSU Summit II Student Housing): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 773251 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/15/43 | 1315 | &nbsp;&nbsp;&nbsp;&nbsp; 1348166 |
| Douglas County Housing Authority, GA, (Astoria at Crystal Lake), (FNMA), 4.375%, 4/1/43 | 1985 | &nbsp;&nbsp;&nbsp;&nbsp; 1874464 |
| Georgia Housing and Finance Authority: |  |  |
| &nbsp;&nbsp;&nbsp;2.40%, 12/1/41 | 2125 | &nbsp;&nbsp;&nbsp;&nbsp; 1516306 |
| &nbsp;&nbsp;&nbsp;3.65%, 6/1/44 | 1485 | &nbsp;&nbsp;&nbsp;&nbsp; 1276807 |
| &nbsp;&nbsp;&nbsp;4.45%, 12/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 983030 |
| Warner Robins Housing Authority Resident Council Corp., GA, (Arbours at Wellston), 5.00% to 2/1/28 (Put Date), 2/1/29 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1565885 |
|  |  | &nbsp;&nbsp;**$10298070** |
| Industrial Development Revenue — 6.8% | Industrial Development Revenue — 6.8% | Industrial Development Revenue — 6.8% |
| Albany Dougherty Payroll Development Authority, GA, Solid Waste Disposal, (Procter & Gamble), 5.20%, 5/15/28 | $2000 | &nbsp;&nbsp;$2099173 |
| Burke County Development Authority, GA, (Georgia Power Co. Plant Vogtle): |  |  |
| &nbsp;&nbsp;&nbsp;2.20%, 10/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 624979 |
| &nbsp;&nbsp;&nbsp;3.10%, 7/1/49<sup>(3)</sup> | 1800 | &nbsp;&nbsp;&nbsp;&nbsp; 1800000 |
| Monroe County Development Authority, GA, (Georgia Power Co. Plant Scherer): |  |  |
| &nbsp;&nbsp;&nbsp;1.00% to 8/21/26 (Put Date), 7/1/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 954363 |
| &nbsp;&nbsp;&nbsp;2.25%, 7/1/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 998305 |
| Rockdale County Development Authority, GA, (Pratt Paper, LLC), (AMT), 4.00%, 1/1/38<sup>(1)</sup> | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1843797 |
|  |  | &nbsp;&nbsp;**$8320617** |
| Insured - Electric Utilities — 3.4% | Insured - Electric Utilities — 3.4% | Insured - Electric Utilities — 3.4% |
| Georgia Municipal Electric Authority, (Plant Vogtle Units 3 & 4 Project J): |  |  |
| &nbsp;&nbsp;&nbsp;(AGM), 5.00%, 7/1/37 | $1470 | &nbsp;&nbsp;$1574466 |
| &nbsp;&nbsp;&nbsp;(AGM), 5.00%, 7/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 203895 |
| &nbsp;&nbsp;&nbsp;(AGM), 5.00%, 7/1/55 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1014232 |
| Puerto Rico Electric Power Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;980 | &nbsp;&nbsp;&nbsp;&nbsp; 979197 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Electric Utilities (continued) | Insured - Electric Utilities (continued) | Insured - Electric Utilities (continued) |
| Puerto Rico Electric Power Authority: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/34 | $&nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;$408464 |
|  |  | &nbsp;&nbsp;**$4180254** |
| Insured - General Obligations — 1.0% | Insured - General Obligations — 1.0% | Insured - General Obligations — 1.0% |
| Coweta County, GA, Water and Sewerage Authority, (AGM), Escrowed to Maturity, 5.00%, 6/1/26 | $1135 | &nbsp;&nbsp;$1158518 |
|  |  | &nbsp;&nbsp;**$1158518** |
| Insured - Hospital — 0.8% | Insured - Hospital — 0.8% | Insured - Hospital — 0.8% |
| Columbia County Hospital Authority, GA, (WellStar Health System, Inc.), (AGM), 5.00%, 4/1/48 | $1000 | &nbsp;&nbsp;$1011750 |
|  |  | &nbsp;&nbsp;**$1011750** |
| Insured - Lease Revenue/Certificates of Participation — 2.2% | Insured - Lease Revenue/Certificates of Participation — 2.2% | Insured - Lease Revenue/Certificates of Participation — 2.2% |
| Dacula Urban Redevelopment Agency, GA, (AGC), 5.00%, 2/1/42 | $1175 | &nbsp;&nbsp;$1231921 |
| Georgia Local Government 1998A Grantor Trust, Certificates of Participation, (NPFG), 4.75%, 6/1/28 | 1388 | &nbsp;&nbsp;&nbsp;&nbsp; 1418684 |
|  |  | &nbsp;&nbsp;**$2650605** |
| Insured - Water and Sewer — 3.5% | Insured - Water and Sewer — 3.5% | Insured - Water and Sewer — 3.5% |
| Atlanta, GA, Water and Wastewater Revenue, Green Bonds, (BAM), 5.00%, 11/1/39 | $1000 | &nbsp;&nbsp;$1082194 |
| Augusta, GA, Water and Sewer Revenue, (BAM), 5.00%, 10/1/40 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1602431 |
| DeKalb County, GA, Water and Sewerage Revenue, (AGM), 5.25%, 10/1/32 | 1590 | &nbsp;&nbsp;&nbsp;&nbsp; 1623620 |
|  |  | &nbsp;&nbsp;**$4308245** |
| Lease Revenue/Certificates of Participation — 0.4% | Lease Revenue/Certificates of Participation — 0.4% | Lease Revenue/Certificates of Participation — 0.4% |
| Georgia Municipal Association, Inc., Certificates of Participation, (Atlanta Public Safety), 5.00%, 12/1/37 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$513962 |
|  |  | &nbsp;&nbsp;**$513962** |
| Other Revenue — 4.7% | Other Revenue — 4.7% | Other Revenue — 4.7% |
| Main Street Natural Gas, Inc., GA, Gas Supply Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00% to 6/1/29 (Put Date), 12/1/52 | $&nbsp;&nbsp;&nbsp;&nbsp;455 | &nbsp;&nbsp;$469810 |
| &nbsp;&nbsp;&nbsp;5.00% to 6/1/30 (Put Date), 6/1/53 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2074779 |
| &nbsp;&nbsp;&nbsp;5.00% to 12/1/30 (Put Date), 5/1/54 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1039105 |
| &nbsp;&nbsp;&nbsp;5.00% to 3/1/32 (Put Date), 12/1/54 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2107192 |
|  |  | &nbsp;&nbsp;**$5690886** |

---

------

Eaton Vance<br>

Georgia Municipal Income Fund

May 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Senior Living/Life Care — 0.7% | Senior Living/Life Care — 0.7% | Senior Living/Life Care — 0.7% |
| Fulton County Residential Care Facilities for the Elderly Authority, GA, (Canterbury Court), 5.00%, 4/1/54<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;$285170 |
| Gainesville and Hall County Development Authority, GA, (ACTS Retirement-Life Communities, Inc. Obligated Group), 5.00%, 11/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 505892 |
|  |  | &nbsp;&nbsp;**$791062** |
| Special Tax Revenue — 6.5% | Special Tax Revenue — 6.5% | Special Tax Revenue — 6.5% |
| American Samoa Economic Development Authority, 5.00%, 9/1/38<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;$195945 |
| Atlanta Development Authority, GA, (New Downtown Atlanta Stadium), 5.00%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 750695 |
| Atlanta Development Authority, GA, (Westside Gulch Area): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/34<sup>(1)</sup> | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1493133 |
| &nbsp;&nbsp;&nbsp;5.50%, 4/1/39<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 503183 |
| Metropolitan Atlanta Rapid Transit Authority, GA, Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 7/1/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1079102 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 7/1/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2092977 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1879111 |
|  |  | &nbsp;&nbsp;**$7994146** |
| Transportation — 9.6% | Transportation — 9.6% | Transportation — 9.6% |
| Atlanta, GA, Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 7/1/35 | $3750 | &nbsp;&nbsp;$3699618 |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 7/1/40 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2806868 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.25%, 7/1/42 | 1420 | &nbsp;&nbsp;&nbsp;&nbsp; 1476864 |
| Georgia Ports Authority, 4.00%, 7/1/47 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2737796 |
| Virgin Islands Transportation and Infrastructure Corp., 5.00%, 9/1/43<sup>(2)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1020538 |
|  |  | &nbsp;&nbsp;**$11741684** |
| Water and Sewer — 12.5% | Water and Sewer — 12.5% | Water and Sewer — 12.5% |
| Atlanta, GA, Water and Wastewater Revenue, 4.00%, 11/1/36 | $1000 | &nbsp;&nbsp;$992466 |
| Cherokee County Water and Sewerage Authority, GA, 4.00%, 8/1/53 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1101580 |
| Coweta County Water and Sewerage Authority, GA, 5.00%, 6/1/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1030297 |
| DeKalb County, GA, Water and Sewerage Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1088561 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/45 | 2650 | &nbsp;&nbsp;&nbsp;&nbsp; 2739377 |
| Fulton County, GA, Water and Sewerage Revenue, 5.00%, 1/1/33 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1501626 |
| Gainesville, GA, Water and Sewerage Revenue, 5.00%, 11/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 564840 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Water and Sewer (continued) | Water and Sewer (continued) | Water and Sewer (continued) |
| Kingsland, GA, Water and Sewerage Revenue, 4.00%, 9/1/43 | $1840 | &nbsp;&nbsp;$1716746 |
| Macon Water Authority, GA: |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, 10/1/38<sup>(4)</sup> | 1950 | &nbsp;&nbsp;&nbsp;&nbsp; 1950000 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp; 598837 |
| Walton County Water and Sewerage Authority, GA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp; 968821 |
| &nbsp;&nbsp;&nbsp;5.25%, 2/1/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1046280 |
|  |  | &nbsp;&nbsp;**$15299431** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $120,697,622) |  | &nbsp;&nbsp;**$117585780** |

---

Taxable Municipal Obligations — 3.1%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 1.2% | Education — 1.2% | Education — 1.2% |
| Georgia Private Colleges and Universities Authority, (Emory University), (LOC: Truist Bank), 4.35%, 9/1/52<sup>(4)</sup> | $1500 | &nbsp;&nbsp;$1500000 |
|  |  | &nbsp;&nbsp;**$1500000** |
| General Obligations — 0.4% | General Obligations — 0.4% | General Obligations — 0.4% |
| Downtown Smyrna Development Authority, GA, 5.45%, 2/1/38 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$505388 |
|  |  | &nbsp;&nbsp;**$505388** |
| Insured - General Obligations — 1.5% | Insured - General Obligations — 1.5% | Insured - General Obligations — 1.5% |
| Effingham County Industrial Development Authority, GA, (BAM), 6.00%, 4/1/48 | $1750 | &nbsp;&nbsp;$1751589 |
|  |  | &nbsp;&nbsp;**$1751589** |
| Total Taxable Municipal Obligations<br> (identified cost $3,717,972) |  | &nbsp;&nbsp;**$3756977** |
| Total Investments — 100.1%<br> (identified cost $125,415,594) |  | &nbsp;&nbsp;**$122346335** |
| Other Assets, Less Liabilities — (0.1)% |  | &nbsp;&nbsp;**$(96472)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$122249863** |

---

------

Eaton Vance<br>

Georgia Municipal Income Fund

May 31, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | The percentage shown for each investment category in the Portfolio of Investments is based on net assets. |
| <sup>(1)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At May 31, 2025, the aggregate value of these securities is $5,331,966 or 4.4% of the Fund's net assets. |
| <sup>(2)</sup> | When-issued security. |
| <sup>(3)</sup> | Variable rate demand obligation that may be tendered at par on any day for payment the same or next business day. The stated interest rate, which generally resets daily, is determined by the remarketing agent and represents the rate in effect at May 31, 2025. |
| <sup>(4)</sup> | Variable rate demand obligation that may be tendered at par on any day for payment the lesser of 5 business days or 7 calendar days. The stated interest rate, which generally resets weekly, is determined by the remarketing agent and represents the rate in effect at May 31, 2025. |
| The Fund invests primarily in debt securities issued by Georgia municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At May 31, 2025, 12.3% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 1.0% to 5.4% of total investments. | The Fund invests primarily in debt securities issued by Georgia municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At May 31, 2025, 12.3% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 1.0% to 5.4% of total investments. |

---

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| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AGC | – Assured Guaranty Corp. |
| AGM | – Assured Guaranty Municipal Corp. |
| AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
| BAM | – Build America Mutual Assurance Co. |
| FNMA | – Federal National Mortgage Association |
| LOC | – Letter of Credit |
| NPFG | – National Public Finance Guarantee Corp. |

---

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

Fair Value Measurements

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Tax-Exempt Mortgage-Backed Securities | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$1003578 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$1003578 |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117585780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117585780 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3756977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3756977 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$122346335** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$122346335** |

---

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

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

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

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

- **b. EDGAR series identifier (if any):** S000004864

- **c. LEI of Series:** 549300OE0CO1SYFWJJ02

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

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

- **b. Date as of which information is reported:** 2025-05-31

**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:** $124122160.32

**Total Liabilities:** $2029383.08

**Net Assets:** $122092777.24

**Delayed Delivery Securities:** $1542152.50

**Cash Not Reported:** $34608.82

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -181.13000000 | **1-Year:** -4509.53000000 | **5-Year:** -15372.28000000 | **10-Year:** -42787.33000000 | **30-Year:** -12744.37000000

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

- **3-Month:** -12.14000000 | **1-Year:** -747.67000000 | **5-Year:** -2432.86000000 | **10-Year:** -2669.40000000 | **30-Year:** -816.17000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063956 | -1.81%               | -0.46%               | -0.22%               |
| Class ID C000013178 | -1.83%               | -0.48%               | -0.24%               |
| Class ID C000013180 | -1.88%               | -0.49%               | -0.39%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-2580643.65                               |
| Month 2  | $-22470.49               | $-874915.43                                |
| Month 3  | $-35700.88               | $-627376.64                                |

**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 Atlanta GA Airport Passenger Facility Charge                        | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE               | CUSIP: 04780TDP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2806868.40   | 2.30%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                               | ATLANTA GA WTR & WSTWTR REVENUE                            | CUSIP: 047870PS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1576185.45   | 1.29%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                        | PUERTO RICO ELEC PWR AUTH PWRREVENUE                       | CUSIP: 74526Q2V3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    420000 | PA      | $408464.66    | 0.33%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                 | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE          | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2107192.40   | 1.73%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlton County School District                                             | CHARLTON CNTY GA SCH DIST                                  | CUSIP: 161114BW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $515059.97    | 0.42%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Greene County School District/GA                                            | GREENE CNTY GA SCH DIST                                    | CUSIP: 394384AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104532.61    | 0.09%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Effingham County Industrial Development Authority                           | EFFINGHAM CNTY GA INDL DEV AUTH REVENUE                    | CUSIP: 28209NCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1751589.53   | 1.43%             | 2048-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                 | ATLANTA GA URBAN RSDL FIN AUTHMF HSG REVENUE               | CUSIP: 04785WAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960161.40    | 0.79%             | 2044-05-01      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                    | COBB CNTY GA DEV AUTH EDUCTNL FACS REVENUE                 | CUSIP: 190782AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010737.60   | 0.83%             | 2045-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                    | COBB CNTY GA DEV AUTH LEASE REVENUE                        | CUSIP: 19078VFL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1348165.88   | 1.10%             | 2043-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Macon Water Authority                                                       | MACON GA WTR AUTH                                          | CUSIP: 555758JU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $598837.31    | 0.49%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Paulding County Hospital Authority/GA                                       | PAULDING CNTY GA HOSP AUTH                                 | CUSIP: 703596EG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1271292.38   | 1.04%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                 | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE          | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    455000 | PA      | $469809.61    | 0.38%             | 2052-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                     | MUNI ELEC AUTH OF GA                                       | CUSIP: 62620HEE8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1574466.14   | 1.29%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fulton GA Water & Sewerage Revenue                                | FULTON CNTY GA WTR & SWR REVENUE                           | CUSIP: 360066NS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501626.45   | 1.23%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                  | CUSIP: 74265LZ84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1794046.60   | 1.47%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville GA Water & Sewerage Revenue                             | GAINESVILLE GA WTR & SWR REVENUE                           | CUSIP: 363010YX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $564839.70    | 0.46%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                     | MUNI ELEC AUTH OF GA                                       | CUSIP: 62620HGP1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203895.06    | 0.17%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                | DE KALB CNTY GA WTR & SWR REVENUE                          | CUSIP: 240523UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1623620.39   | 1.33%             | 2032-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gwinnett County School District                                             | GWINNETT CNTY GA SCH DIST                                  | CUSIP: 403755S93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002926.80   | 1.64%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                         | GEORGIA ST HSG & FIN AUTH REVENUE                          | CUSIP: 37353PHH5<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $1516305.86   | 1.24%             | 2041-12-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Augusta GA Water & Sewer Revenue                                            | AUGUSTA GA WTR & SWR REVENUE                               | CUSIP: 051249KR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1602430.50   | 1.31%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forsyth County Hospital Authority                                           | FORSYTH CNTY GA HOSP AUTH                                  | CUSIP: 34660EAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $404143.64    | 0.33%             | 2028-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA                                                          | ATLANTA GA                                                 | CUSIP: 047772J74<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095911.90   | 0.90%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Macon Water Authority                                                       | MACON GA WTR AUTH                                          | CUSIP: 555758HX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1950000.00   | 1.60%             | 2038-10-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                     | MUNI ELEC AUTH OF GEORGIA                                  | CUSIP: 626207Q49<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532245.20   | 1.25%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coweta County Water & Sewage Authority                                      | COWETA CNTY GA WTR & SEWAGE AUTH REVENUE                   | CUSIP: 223663CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1158517.77   | 0.95%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE          | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1879111.20   | 1.54%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brookhaven Development Authority                                            | BROOKHAVEN DEV AUTH GA                                     | CUSIP: 113073AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1130164.20   | 0.93%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bryan County School District                                                | BRYAN CNTY GA SCH DIST                                     | CUSIP: 117497CK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500416.00    | 0.41%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                         | GEORGIA ST HSG & FIN AUTH REVENUE                          | CUSIP: 373539S63<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1276807.60   | 1.05%             | 2044-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Albany-Dougherty Payroll Development Authority                              | ALBANY-DOUGHERTY GA PAYROLL DEV AUTH                       | CUSIP: 012192AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099173.20   | 1.72%             | 2028-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                           | ATLANTA GA DEV AUTH                                        | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503182.50    | 0.41%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                         | GEORGIA ST HSG & FIN AUTH REVENUE                          | CUSIP: 37353PME6<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983029.80    | 0.81%             | 2044-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                    | COBB CNTY GA DEV AUTH REVENUE                              | CUSIP: 190806EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980104.70    | 0.80%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brookhaven Development Authority                                            | BROOKHAVEN DEV AUTH GA                                     | CUSIP: 113073AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1333142.70   | 1.09%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb Private Hospital Authority                                           | DE KALB GA PRIV HOSP AUTH                                  | CUSIP: 241064EX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1557656.84   | 1.28%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                 | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE          | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039105.00   | 0.85%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Greene County School District/GA                                            | GREENE CNTY GA SCH DIST                                    | CUSIP: 394384BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1460786.81   | 1.20%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                           | ATLANTA GA DEV AUTH                                        | CUSIP: 04780NJC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750694.58    | 0.61%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fulton County Residential Care Facilities for the Elderly Authority         | FULTON CNTY GA RSDL CARE FACS ELDERLY AUTH REVENUE         | CUSIP: 360058FG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $285170.29    | 0.23%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                  | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE               | CUSIP: 610530FU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $954362.80    | 0.78%             | 2049-07-01      | Floating      | 1.00%                 | 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      | $195945.46    | 0.16%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                  | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE               | CUSIP: 610530FR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998305.10    | 0.82%             | 2025-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                           | ATLANTA GA DEV AUTH                                        | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493133.45   | 1.22%             | 2034-04-01      | Fixed         | 5.00%                 | 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        |    980000 | PA      | $979196.69    | 0.80%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                | DE KALB CNTY GA WTR & SWR REVENUE                          | CUSIP: 240523ZY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2739376.82   | 2.24%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Urban Redevelopment Agency Of Dacula                                        | DACULA GA URBAN REDEV AGY REVENUE                          | CUSIP: 23346RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1231920.41   | 1.01%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The | DALTON GA UTILITIES REVENUE                                | CUSIP: 235586CX0<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500684.40    | 0.41%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                   | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                | CUSIP: 121342QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $624978.83    | 0.51%             | 2032-10-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                | GAINESVILLE & HALL CNTY GA HOSP AUTH                       | CUSIP: 362762RA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106315.00   | 0.91%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                | MET ATLANTA RAPID TRANSIT AUTH GA SALES TAX REVENUE        | CUSIP: 591746BS0<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2092976.80   | 1.71%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                | GAINESVILLE & HALL CNTY GA HOSP AUTH                       | CUSIP: 362762LR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008834.20   | 0.83%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dalton GA                                                           | DALTON GA                                                  | CUSIP: 235541DR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1744280.86   | 1.43%             | 2048-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                         | DALTON WHITFIELD CNTY JT DEV AUTH                          | CUSIP: 235641AY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2328298.11   | 1.91%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Development Authority                             | GAINESVILLE & HALL CNTY GA DEV AUTH RETMNT CMNTY REVENUE   | CUSIP: 362763AQ7<br>LEI: 549300L0GMYXTK7H5359 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505891.40    | 0.41%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Athens-Clarke County Unified Government Development Authority               | ATHENS-CLARKE CNTY GA UNIF GOVT DEV AUTH REVENUE           | CUSIP: 047059KA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2510744.47   | 2.06%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                     | FULTON CNTY GA DEV AUTH                                    | CUSIP: 3599008B6<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520387.40   | 1.25%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                | GAINESVILLE & HALL CNTY GA HOSP AUTH                       | CUSIP: 362762PS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1714222.49   | 1.40%             | 2045-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Perry Public Facilities Authority                                           | PERRY GA PUBLIC FACS AUTH REVENUE                          | CUSIP: 714666CQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $644066.36    | 0.53%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                               | ATLANTA GA WTR & WSTWTR REVENUE                            | CUSIP: 047870NY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992465.70    | 0.81%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                    | COBB CNTY GA DEV AUTH LEASE REVENUE                        | CUSIP: 19078VFK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $773250.60    | 0.63%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                     | GEORGIA ST PORTS AUTH                                      | CUSIP: 373586HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2737795.50   | 2.24%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Redevelopment Agency                                          | ATLANTA GA URBAN REDEV AGY REVENUE                         | CUSIP: 047851DE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093785.30   | 0.90%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                    | ROCKDALE CNTY GA DEV AUTH                                  | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1843797.40   | 1.51%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                     | FULTON CNTY GA DEV AUTH REVENUE                            | CUSIP: 36005FKX2<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    625000 | PA      | $641199.75    | 0.53%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bryan County School District                                                | BRYAN CNTY GA SCH DIST                                     | CUSIP: 117497CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $435286.10    | 0.36%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Walton County Public Facilities Authority                                   | WALTON CNTY GA PUBLIC FACS AUTH                            | CUSIP: 93341AAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523029.00    | 0.43%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                 | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1572382.80   | 1.29%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                  | CUSIP: 74265L2S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 1.23%             | 2052-09-01      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Cherokee County Water & Sewer Authority/GA                                  | CHEROKEE CNTY GA WTR & SWR AUTH                            | CUSIP: 164243WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1101580.25   | 0.90%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hall County School District                                                 | HALL CNTY GA SCH DIST                                      | CUSIP: 406018JZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082123.80   | 0.89%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Athens-Clarke County Unified Government Development Authority               | ATHENS-CLARKE CNTY GA UNIF GOVT DEV AUTH REVENUE           | CUSIP: 047059DL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1081175.26   | 0.89%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                 | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE          | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074779.40   | 1.70%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Municipal Association Inc                                           | GEORGIA ST MUNI ASSN INC COPS                              | CUSIP: 373283CX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513961.55    | 0.42%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                   | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                | CUSIP: 121342MW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 1.47%             | 2049-07-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                | MET ATLANTA RAPID TRANSIT AUTH GA SALES TAX REVENUE        | CUSIP: 591746AM4<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079102.10   | 0.88%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority/GA                                       | COLUMBIA CNTY GA HOSP AUTH                                 | CUSIP: 197479AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011749.90   | 0.83%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                                 | GLYNN-BRUNSWICK GA MEMORIAL HOSP AUTH                      | CUSIP: 380037HC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $445948.25    | 0.37%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cedartown Polk County Hospital Authority                                    | CEDARTOWN GA POLK CNTY HOSP AUTH                           | CUSIP: 150759AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $868188.64    | 0.71%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walton County Water & Sewer Authority                                       | WALTON CNTY GA WTR & SWR AUTH REVENUE                      | CUSIP: 93342PFK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046280.30   | 0.86%             | 2047-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                        | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE               | CUSIP: 04780TDJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3699617.63   | 3.03%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                | DE KALB CNTY GA WTR & SWR REVENUE                          | CUSIP: 240523ZP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088560.90   | 0.89%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Housing Authority/GA                                         | DOUGLAS CNTY GA HSG AUTH MF TAX EXEMPT BONDS               | CUSIP: 259029AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1874464.48   | 1.54%             | 2043-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Warner Robins Housing Authority Resident Council Corp                       | WARNER ROBINS GA HSG AUTH                                  | CUSIP: 934604AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1565884.65   | 1.28%             | 2029-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kingsland GA                                                        | KINGSLAND GA WTR & SWR REVENUE                             | CUSIP: 496380CB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1716745.58   | 1.41%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coweta County Water & Sewage Authority                                      | COWETA CNTY GA WTR & SEWAGE AUTH REVENUE                   | CUSIP: 223663MN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030297.50   | 0.84%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                     | FULTON CNTY GA DEV AUTH HOSP  REVENUE                      | CUSIP: 36005GAV5<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267194.00   | 1.04%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                               | ATLANTA GA WTR & WSTWTR REVENUE                            | CUSIP: 047870TC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082193.70   | 0.89%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multifamily Mortgage Bonds                                                  | Housing Authority of Savannah                              | CUSIP: 80483HAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003577.50   | 0.82%             | 2042-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Georgia Local Government                                                    | GEORGIA ST LOCAL GOVT COPS                                 | CUSIP: 373271AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1388000 | PA      | $1418684.38   | 1.16%             | 2028-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                 | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    750000 | PA      | $508359.98    | 0.42%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                                 | GLYNN-BRUNSWICK GA MEMORIAL HOSP AUTH                      | CUSIP: 380037HA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $227275.23    | 0.19%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                                 | GLYNN-BRUNSWICK GA MEMORIAL HOSP AUTH                      | CUSIP: 380037FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650846.24    | 0.53%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Smyrna Development Authority                                       | DOWNTOWN SMYRNA GA DEV AUTH                                | CUSIP: 261174GD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505387.95    | 0.41%             | 2038-02-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                   | ATLANTA GA ARPT REVENUE                                    | CUSIP: 04780MX53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1476864.47   | 1.21%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                   | PRIV CLGS & UNIVS AUTH GA                                  | CUSIP: 74265LT99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1882569.20   | 1.54%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                     | MUNI ELEC AUTH OF GA                                       | CUSIP: 62620HGQ9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014231.90   | 0.83%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walton County Water & Sewer Authority                                       | WALTON CNTY GA WTR & SWR AUTH REVENUE                      | CUSIP: 93342PFL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $968821.02    | 0.79%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp                         | VIRGIN ISLANDS TRANSPRTN & INFRASTRUCTURE CORP GRANT ANTIC | CUSIP: 927686AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020537.80   | 0.84%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer