# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001410368-26-008060
**Filing Date:** 2026-1
**Character Count:** 100848
**Document Hash:** 0ece0ce19de836fa0556f02a82192318
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-008060.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001410368-26-008060

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**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:** 26569023

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

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

Eaton Vance<br>

Oregon Municipal Income Fund

November 30, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 93.8%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 6.9% | Education — 6.9% | Education — 6.9% |
| Oregon State University: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/44 | $1980 | &nbsp;&nbsp;$1970749 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/45 | 2670 | &nbsp;&nbsp;&nbsp;&nbsp; 2892999 |
| University of Oregon: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/48 | 4165 | &nbsp;&nbsp;&nbsp;&nbsp; 4218357 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/50 | 1850 | &nbsp;&nbsp;&nbsp;&nbsp; 1895662 |
| Yamhill County, OR, (George Fox University): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp; 890256 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/41 | 3005 | &nbsp;&nbsp;&nbsp;&nbsp; 3022953 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/51 | 1275 | &nbsp;&nbsp;&nbsp;&nbsp; 1200375 |
|  |  | &nbsp;&nbsp;**$16091351** |
| Electric Utilities — 2.5% | Electric Utilities — 2.5% | Electric Utilities — 2.5% |
| Central Lincoln People's Utility District, OR: |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 12/1/50 | $1750 | &nbsp;&nbsp;$1705444 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp; 385482 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 408744 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp; 458776 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 429164 |
| Eugene, OR, Electric Utility System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | 1040 | &nbsp;&nbsp;&nbsp;&nbsp; 1053774 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/49 | 1275 | &nbsp;&nbsp;&nbsp;&nbsp; 1352434 |
|  |  | &nbsp;&nbsp;**$5793818** |
| General Obligations — 43.3% | General Obligations — 43.3% | General Obligations — 43.3% |
| Beaverton School District No. 48J, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/48 | $2500 | &nbsp;&nbsp;$2684196 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/52 | 1195 | &nbsp;&nbsp;&nbsp;&nbsp; 1246736 |
| Bend, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/42 | 1255 | &nbsp;&nbsp;&nbsp;&nbsp; 1378710 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/50 | 1270 | &nbsp;&nbsp;&nbsp;&nbsp; 1357212 |
| Benton County, OR, 5.00%, 6/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp; 913941 |
| Canby School District No. 86, OR, 4.00%, 6/15/38 | 1170 | &nbsp;&nbsp;&nbsp;&nbsp; 1193347 |
| Cannon Beach, OR, 4.00%, 6/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp; 94642 |
| Centennial School District No. 28Jt, OR, 4.00%, 6/15/39 | 1855 | &nbsp;&nbsp;&nbsp;&nbsp; 1886751 |
| Central School District No. 13J, OR, Polk, Marion and Benton Counties, 0.00%, 6/15/38 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 366949 |
| Clackamas Community College District, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/39 | 1245 | &nbsp;&nbsp;&nbsp;&nbsp; 1273384 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/40 | 1585 | &nbsp;&nbsp;&nbsp;&nbsp; 1617314 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/43 | 2380 | &nbsp;&nbsp;&nbsp;&nbsp; 2601824 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Creswell School District No. 40, OR, Lane County: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/38 | $1000 | &nbsp;&nbsp;$581817 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 423891 |
| David Douglas School District No. 40, OR, Multnomah County, 5.50%, 6/15/53 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1222092 |
| Deschutes County Administrative School District No. 1 Bend-La Pine, OR, 5.00%, 6/15/40 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2247219 |
| Deschutes Public Library District, OR, 3.00%, 6/1/40 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1328595 |
| Forest Grove School District No. 15, OR, Washington County, 5.00%, 6/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 420075 |
| Hermiston School District No. 8R, OR, 0.00%, 6/15/43 | 2560 | &nbsp;&nbsp;&nbsp;&nbsp; 1166020 |
| Hillsboro School District No. 1J, OR, Washington, Multnomah and Yamhill Counties, 5.00%, 6/15/37 | 1605 | &nbsp;&nbsp;&nbsp;&nbsp; 1647663 |
| Lake Oswego, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/46 | &nbsp;&nbsp;&nbsp;&nbsp;685 | &nbsp;&nbsp;&nbsp;&nbsp; 737949 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/49 | 2315 | &nbsp;&nbsp;&nbsp;&nbsp; 2472987 |
| Lincoln County School District, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1107922 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1098595 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1090590 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 538338 |
| Marion County School District No. 1 Gervais, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 6/15/44 | 2630 | &nbsp;&nbsp;&nbsp;&nbsp; 2890490 |
| &nbsp;&nbsp;&nbsp;5.25%, 6/15/49 | 1925 | &nbsp;&nbsp;&nbsp;&nbsp; 2088253 |
| Molalla River School District No. 35, OR, Clackamas County: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp; 324121 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp; 365398 |
| Multnomah and Clackamas Counties School District No. 10JT Gresham-Barlow, OR, 5.00%, 6/15/37 | 1340 | &nbsp;&nbsp;&nbsp;&nbsp; 1375212 |
| North Clackamas School District No. 12, OR, Clackamas County, 5.00%, 6/15/39 | 1620 | &nbsp;&nbsp;&nbsp;&nbsp; 1688404 |
| Oregon: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 661946 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 1615 | &nbsp;&nbsp;&nbsp;&nbsp; 1642644 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/44 | 6995 | &nbsp;&nbsp;&nbsp;&nbsp; 7229147 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 535541 |
| &nbsp;&nbsp;&nbsp;(Liq: JPMorgan Chase Bank, N.A.), 2.85%, 6/1/45<sup>(1)</sup> | 4175 | &nbsp;&nbsp;&nbsp;&nbsp; 4175000 |
| &nbsp;&nbsp;&nbsp;(SPA: U.S. Bank, N.A.), 2.75%, 12/1/36<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 600000 |
| &nbsp;&nbsp;&nbsp;(SPA: U.S. Bank, N.A.), 2.80%, 6/1/39<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp; 525000 |
| &nbsp;&nbsp;&nbsp;(SPA: U.S. Bank, N.A.), 2.80%, 6/1/41<sup>(1)</sup> | 1100 | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 |
| Oregon City School District No. 62: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp; 707682 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;925 | &nbsp;&nbsp;&nbsp;&nbsp; 1036184 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/46 | 1855 | &nbsp;&nbsp;&nbsp;&nbsp; 2001030 |

---

------

Eaton Vance<br>

Oregon Municipal Income Fund

November 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Oregon City School District No. 62, Clackamas County, 5.00%, 6/15/49 | $4635 | &nbsp;&nbsp;$4713916 |
| Oregon Coast Community College District: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/38 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 569352 |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/39 | &nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp; 622434 |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 447693 |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp; 466523 |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/43 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 542977 |
| &nbsp;&nbsp;&nbsp;5.00%, (0.00% until 6/15/25), 6/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp; 782099 |
| Oregon Elderly and Disabled Housing, 5.65%, 8/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp; 105236 |
| Philomath School District No. 17J, OR, Benton and Polk Counties: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 921868 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 603290 |
| Portland, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/41 | 1220 | &nbsp;&nbsp;&nbsp;&nbsp; 1322046 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/43 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1363176 |
| Portland, OR, (Transportation Project), 2.00%, 10/1/36 | 1265 | &nbsp;&nbsp;&nbsp;&nbsp; 1068918 |
| Puerto Rico: |  |  |
| &nbsp;&nbsp;&nbsp;5.625%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 530872 |
| &nbsp;&nbsp;&nbsp;5.75%, 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 826190 |
| Redmond Area Park and Recreation District, OR, 5.00%, 6/15/43 | 1160 | &nbsp;&nbsp;&nbsp;&nbsp; 1247258 |
| Redmond School District No. 2J, OR, Deschutes and Jefferson Counties, 0.00%, 6/15/27 | 3175 | &nbsp;&nbsp;&nbsp;&nbsp; 3030112 |
| Redmond, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;&nbsp; 605589 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp; 1021807 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp; 134304 |
| Riverdale School District No. 51J, OR, Multnomah and Clackamas Counties: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 898400 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/30 | 1215 | &nbsp;&nbsp;&nbsp;&nbsp; 1057481 |
| Sandy, OR: |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 4/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp; 77073 |
| &nbsp;&nbsp;&nbsp;4.75%, 4/1/48 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1031876 |
| &nbsp;&nbsp;&nbsp;4.75%, 4/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp; 590716 |
| St. Helens School District No. 502, OR, 5.00%, 6/15/45 | 2900 | &nbsp;&nbsp;&nbsp;&nbsp; 3031717 |
| Tillamook County School District No. 9 Tillamook, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/42 | 1290 | &nbsp;&nbsp;&nbsp;&nbsp; 1407100 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/43 | 1305 | &nbsp;&nbsp;&nbsp;&nbsp; 1409295 |
| Tillamook County, OR, 5.00%, 6/15/39 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 227221 |
| Washington and Clackamas Counties School District No. 23J, OR, Tigard-Tualatin, 5.00%, 6/15/43 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3289664 |
| Washington County School District No. 13 Banks, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/44 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 1261791 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Washington County School District No. 13 Banks, OR: <br> (continued) |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/51 | $5000 | &nbsp;&nbsp;$1430978 |
| West Linn, OR: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;965 | &nbsp;&nbsp;&nbsp;&nbsp; 972555 |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/43 | 1190 | &nbsp;&nbsp;&nbsp;&nbsp; 1181856 |
| Winston-Dillard School District No. 116, OR, 0.00%, 6/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp; 312954 |
|  |  | &nbsp;&nbsp;**$100751148** |
| Hospital — 11.4% | Hospital — 11.4% | Hospital — 11.4% |
| Astoria Hospital Facilities Authority, OR, (Columbia Memorial Hospital), 5.25%, 8/1/49 | $3395 | &nbsp;&nbsp;$3438454 |
| Medford Hospital Facilities Authority, OR, (Asante Health System), 5.00%, 8/15/45 | 4515 | &nbsp;&nbsp;&nbsp;&nbsp; 4632230 |
| Oregon Facilities Authority, (PeaceHealth): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/29 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1506656 |
| &nbsp;&nbsp;&nbsp;(LOC: TD Bank, N.A.), 2.85%, 8/1/34<sup>(1)</sup> | 4220 | &nbsp;&nbsp;&nbsp;&nbsp; 4220000 |
| Oregon Facilities Authority, (Samaritan Health Services): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 315755 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/40 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1797711 |
| Oregon Health and Science University: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 7/1/40 | 1520 | &nbsp;&nbsp;&nbsp;&nbsp; 1539495 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 7/1/41 | 2605 | &nbsp;&nbsp;&nbsp;&nbsp; 2618433 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 7/1/44 | 1825 | &nbsp;&nbsp;&nbsp;&nbsp; 1762398 |
| Oregon State Facilities Authority, (Legacy Health), 5.00%, 6/1/46 | 1625 | &nbsp;&nbsp;&nbsp;&nbsp; 1629118 |
| Salem Hospital Facility Authority, OR, (Salem Health), 5.00%, 5/15/44 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3076712 |
|  |  | &nbsp;&nbsp;**$26536962** |
| Housing — 5.2% | Housing — 5.2% | Housing — 5.2% |
| Oregon Housing and Community Services Department: |  |  |
| &nbsp;&nbsp;&nbsp;3.80%, 7/1/34 | $1350 | &nbsp;&nbsp;$1354447 |
| &nbsp;&nbsp;&nbsp;4.60%, 7/1/43 | 1950 | &nbsp;&nbsp;&nbsp;&nbsp; 1987080 |
| &nbsp;&nbsp;&nbsp;4.75%, 1/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;925 | &nbsp;&nbsp;&nbsp;&nbsp; 938928 |
| &nbsp;&nbsp;&nbsp;(AMT), 3.45%, 1/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp; 901430 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.15%, 7/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp; 881499 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), 4.20%, 7/1/40 | 3780 | &nbsp;&nbsp;&nbsp;&nbsp; 3797483 |
| Oregon Housing and Community Services Department, (Redmond Landing Apartment), (FNMA), 4.33%, 11/1/43 | 2140 | &nbsp;&nbsp;&nbsp;&nbsp; 2167054 |
|  |  | &nbsp;&nbsp;**$12027921** |

---

------

Eaton Vance<br>

Oregon Municipal Income Fund

November 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Electric Utilities — 1.4% | Insured - Electric Utilities — 1.4% | Insured - Electric Utilities — 1.4% |
| Puerto Rico Electric Power Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/29 | $1045 | &nbsp;&nbsp;$1053571 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/34 | 2120 | &nbsp;&nbsp;&nbsp;&nbsp; 2143054 |
|  |  | &nbsp;&nbsp;**$3196625** |
| Insured - General Obligations — 2.3% | Insured - General Obligations — 2.3% | Insured - General Obligations — 2.3% |
| Hermiston, OR, (AG), 4.00%, 12/1/44 | $&nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;$425520 |
| Lebanon Community School District No. 9, OR, Linn County, (NPFG), 5.50%, 6/15/30 | 2765 | &nbsp;&nbsp;&nbsp;&nbsp; 3050015 |
| Newport, OR: |  |  |
| &nbsp;&nbsp;&nbsp;(AG), 0.00%, 6/1/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 926191 |
| &nbsp;&nbsp;&nbsp;(AG), 0.00%, 6/1/29 | 1165 | &nbsp;&nbsp;&nbsp;&nbsp; 1044974 |
|  |  | &nbsp;&nbsp;**$5446700** |
| Lease Revenue/Certificates of Participation — 1.0% | Lease Revenue/Certificates of Participation — 1.0% | Lease Revenue/Certificates of Participation — 1.0% |
| Portland Housing Authority, OR, (Pearl Court LP), 4.625%, 1/1/27 | $&nbsp;&nbsp;&nbsp;&nbsp;545 | &nbsp;&nbsp;$564706 |
| Portland Housing Authority, OR, (Yards Union Station Project), 4.85%, 5/1/29 | 1680 | &nbsp;&nbsp;&nbsp;&nbsp; 1681866 |
|  |  | &nbsp;&nbsp;**$2246572** |
| Other Revenue — 1.2% | Other Revenue — 1.2% | Other Revenue — 1.2% |
| Oregon State Lottery, 5.25%, 4/1/44 | $2575 | &nbsp;&nbsp;$2858109 |
|  |  | &nbsp;&nbsp;**$2858109** |
| Senior Living/Life Care — 2.2% | Senior Living/Life Care — 2.2% | Senior Living/Life Care — 2.2% |
| Clackamas County Hospital Facility Authority, OR, (Rose Villa), 5.375%, 11/15/55 | $&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;$98333 |
| Multnomah County Hospital Facilities Authority, OR, (Terwilliger Plaza): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/36 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2878271 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp; 954862 |
| Salem Hospital Facility Authority, OR, (Capital Manor): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 5/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 709333 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp; 553417 |
|  |  | &nbsp;&nbsp;**$5194216** |
| Special Tax Revenue — 3.2% | Special Tax Revenue — 3.2% | Special Tax Revenue — 3.2% |
| American Samoa Economic Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/34<sup>(3)(4)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$265526 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/38<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 204201 |
| Oregon Department of Transportation, (Highway User Tax), 5.00%, 11/15/40 | 4630 | &nbsp;&nbsp;&nbsp;&nbsp; 4951492 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 2100 | &nbsp;&nbsp;&nbsp;&nbsp; 2047428 |
|  |  | &nbsp;&nbsp;**$7468647** |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation — 3.6% | Transportation — 3.6% | Transportation — 3.6% |
| Port of Portland, OR, (Portland International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/34 | $1475 | &nbsp;&nbsp;$1558259 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/36 | 1165 | &nbsp;&nbsp;&nbsp;&nbsp; 1181355 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;865 | &nbsp;&nbsp;&nbsp;&nbsp; 877513 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AMT), 5.25%, 7/1/41 | 2325 | &nbsp;&nbsp;&nbsp;&nbsp; 2518732 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AMT), 5.25%, 7/1/43 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2143336 |
|  |  | &nbsp;&nbsp;**$8279195** |
| Water and Sewer — 9.6% | Water and Sewer — 9.6% | Water and Sewer — 9.6% |
| Beaverton, OR, Water Revenue, 5.00%, 4/1/38 | $&nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;$64262 |
| Eugene, OR, Water Utility System Revenue, 5.00%, 8/1/48 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp; 1686071 |
| Medford Water Commission, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/15/49 | 3025 | &nbsp;&nbsp;&nbsp;&nbsp; 3237626 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/15/54 | 2350 | &nbsp;&nbsp;&nbsp;&nbsp; 2468159 |
| Portland, OR, Sewer System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp; 198607 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/40 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1405892 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/43 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1226086 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/44 | 1450 | &nbsp;&nbsp;&nbsp;&nbsp; 1564675 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/47 | 4805 | &nbsp;&nbsp;&nbsp;&nbsp; 5064411 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/49 | 1225 | &nbsp;&nbsp;&nbsp;&nbsp; 1300380 |
| Portland, OR, Water System Revenue, 5.00%, 5/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1037278 |
| Rockwood Water People's Utility District, OR: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 239240 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp; 263661 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp; 277970 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;245 | &nbsp;&nbsp;&nbsp;&nbsp; 264824 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/43 | &nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp; 235656 |
| Tualatin Valley Water District, OR, 5.00%, 6/1/47 | 1595 | &nbsp;&nbsp;&nbsp;&nbsp; 1702797 |
|  |  | &nbsp;&nbsp;**$22237595** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $214,080,171) |  | &nbsp;&nbsp;**$218128859** |

---

Taxable Municipal Obligations — 3.5%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Electric Utilities — 1.6% | Electric Utilities — 1.6% | Electric Utilities — 1.6% |
| Confederated Tribes of Warm Springs Reservation, OR, (Pelton-Round Butte Hydroelectric Project): |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 2.165%, 11/1/26<sup>(3)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$293753 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 2.37%, 11/1/27<sup>(3)</sup> | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1297570 |

---

------

Eaton Vance<br>

Oregon Municipal Income Fund

November 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Electric Utilities (continued) | Electric Utilities (continued) | Electric Utilities (continued) |
| Morrow, OR, (Bonneville Corp.): |  |  |
| &nbsp;&nbsp;&nbsp;2.543%, 9/1/40 | $1550 | &nbsp;&nbsp;$1209288 |
| &nbsp;&nbsp;&nbsp;2.987%, 9/1/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 878739 |
|  |  | &nbsp;&nbsp;**$3679350** |
| General Obligations — 0.9% | General Obligations — 0.9% | General Obligations — 0.9% |
| Portland, OR, 4.34%, 6/1/29 | $2065 | &nbsp;&nbsp;$2105912 |
|  |  | &nbsp;&nbsp;**$2105912** |
| Insured - Housing — 0.6% | Insured - Housing — 0.6% | Insured - Housing — 0.6% |
| Oregon Facilities Authority, (CHF-Ashland, LLC - Southern Oregon University): |  |  |
| &nbsp;&nbsp;&nbsp;(AG), 1.659%, 7/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;$172084 |
| &nbsp;&nbsp;&nbsp;(AG), 2.255%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp; 165225 |
| &nbsp;&nbsp;&nbsp;(AG), 2.579%, 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 228337 |
| &nbsp;&nbsp;&nbsp;(AG), 3.508%, 7/1/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 810592 |
|  |  | &nbsp;&nbsp;**$1376238** |
| Insured - Special Tax Revenue — 0.4% | Insured - Special Tax Revenue — 0.4% | Insured - Special Tax Revenue — 0.4% |
| Hillsboro Economic Development Council, OR, (AG), 5.941%, 6/1/43 | $&nbsp;&nbsp;&nbsp;&nbsp;890 | &nbsp;&nbsp;$929171 |
|  |  | &nbsp;&nbsp;**$929171** |
| Total Taxable Municipal Obligations<br> (identified cost $8,187,841) |  | &nbsp;&nbsp;**$8090671** |
| Total Investments — 97.3%<br> (identified cost $222,268,012) |  | &nbsp;&nbsp;**$226219530** |
| Other Assets, Less Liabilities — 2.7% |  | &nbsp;&nbsp;**$6201751** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$232421281** |

---

---

| | |
|:---|:---|
| 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> | 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 November 30, 2025. |
| <sup>(2)</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 November 30, 2025. |

---

---

| | |
|:---|:---|
| <sup>(3)</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 November 30, 2025, the aggregate value of these securities is $2,061,050 or 0.9% of the Fund's net assets. |
| <sup>(4)</sup> | When-issued security. |
| The Fund invests primarily in debt securities issued by Oregon 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 November 30, 2025, 4.8% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 2.1% to 2.7% of total investments. | The Fund invests primarily in debt securities issued by Oregon 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 November 30, 2025, 4.8% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 2.1% to 2.7% of total investments. |

---

---

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

---

------

Eaton Vance<br>

Oregon Municipal Income Fund

November 30, 2025

Portfolio of Investments (Unaudited) — continued

------

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

Fair Value Measurements

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$218128859 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$218128859 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8090671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8090671 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$226219530** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$226219530** |

---

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 Oregon Municipal Income Fund

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

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

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $233001122.37

**Total Liabilities:** $1125734.48

**Net Assets:** $231875387.89

**Delayed Delivery Securities:** $262442.50

**Cash Not Reported:** $3566509.42

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -236.80000000 | **1-Year:** -8565.88000000 | **5-Year:** -32658.78000000 | **10-Year:** -89404.99000000 | **30-Year:** -23543.58000000

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

- **3-Month:** -24.87000000 | **1-Year:** -684.04000000 | **5-Year:** -2637.06000000 | **10-Year:** -2974.69000000 | **30-Year:** -634.59000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013142 | 2.49%                | 1.29%                | 0.53%                |
| Class ID C000013144 | 2.47%                | 1.26%                | 0.34%                |
| Class ID C000092722 | 2.51%                | 1.31%                | 0.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $131717.11               | $4657776.69                                |
| Month 2  | $190859.58               | $2213178.01                                |
| Month 3  | $81038.72                | $297326.07                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 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      | $204200.70    | 0.09%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                          | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                | CUSIP: 02936TAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265525.83    | 0.11%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Astoria Hospital Facilities Authority                                  | ASTORIA OR HOSP FACS AUTH                                  | CUSIP: 046279CT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3438453.96   | 1.48%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Beaverton OR Water Revenue                                     | BEAVERTON OR WTR REVENUE                                   | CUSIP: 07556MFX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64262.50     | 0.03%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                        | BEND OR                                                    | CUSIP: 081617VX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1378710.50   | 0.59%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                        | BEND OR                                                    | CUSIP: 081617YG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1357212.17   | 0.59%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Benton OR                                                    | BENTON CNTY OR                                             | CUSIP: 082805EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $913941.35    | 0.39%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cannon Beach OR                                                | CANNON BEACH OR                                            | CUSIP: 137672GC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94642.46     | 0.04%             | 2054-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Lincoln People's Utility District                              | CENTRL LINCOLN OR PEOPLES UTILITY DIST ELEC REVENUE        | CUSIP: 153879SC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $385482.41    | 0.17%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Lincoln People's Utility District                              | CENTRL LINCOLN OR PEOPLES UTILITY DIST ELEC REVENUE        | CUSIP: 153879SD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $408743.78    | 0.18%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Lincoln People's Utility District                              | CENTRL LINCOLN OR PEOPLES UTILITY DIST ELEC REVENUE        | CUSIP: 153879SE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $458776.07    | 0.20%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Lincoln People's Utility District                              | CENTRL LINCOLN OR PEOPLES UTILITY DIST ELEC REVENUE        | CUSIP: 153879SF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $429163.64    | 0.19%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Lincoln People's Utility District                              | CENTRL LINCOLN OR PEOPLES UTILITY DIST ELEC REVENUE        | CUSIP: 153879SS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1705443.95   | 0.74%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                           | CLACKAMAS CNTY OR HOSP FAC AUTH REVENUE                    | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98332.78     | 0.04%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                 | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS             | CUSIP: 179093KH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1688403.53   | 0.73%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4635000 | PA      | $4713915.97   | 2.03%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $707682.06    | 0.31%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $1036183.98   | 0.45%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                      | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                | CUSIP: 179162LV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $2001030.42   | 0.86%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 86 Canby                           | CLACKAMAS CNTY OR SCH DIST #86                             | CUSIP: 179198JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1193346.88   | 0.51%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                   | CLACKAMAS OR CMNTY CLG DIST                                | CUSIP: 179390NN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1273384.13   | 0.55%             | 2039-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                   | CLACKAMAS OR CMNTY CLG DIST                                | CUSIP: 179390NP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1617314.35   | 0.70%             | 2040-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                   | CLACKAMAS OR CMNTY CLG DIST                                | CUSIP: 179390QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2601823.62   | 1.12%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia County School District No 502                                 | COLUMBIA CNTY OR SCH DIST #502                             | CUSIP: 197558GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3031716.84   | 1.31%             | 2045-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes County Administrative School District No 1 Bend-La Pine      | DESCHUTES CNTY OR ADMIN SCH DIST #1                        | CUSIP: 250325WJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2247218.80   | 0.97%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No 2J Redmond/OR        | DESCHUTES & JEFFERSON CNTYS OR SCH DIST #2J REDMOND        | CUSIP: 250343GG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3030112.05   | 1.31%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deschutes Public Library District                                      | DESCHUTES OR PUBLIC LIBRARY DIST                           | CUSIP: 250353BK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1328594.70   | 0.57%             | 2040-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District No 116 Winston-Dillard                  | DOUGLAS CNTY OR SCH DIST #116                              | CUSIP: 259507CB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $312953.85    | 0.13%             | 2036-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Electric Utility System Revenue                      | EUGENE OR ELEC UTILITY REVENUE                             | CUSIP: 298191R25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1053774.18   | 0.45%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Electric Utility System Revenue                      | EUGENE OR ELEC UTILITY REVENUE                             | CUSIP: 298191X28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1352433.68   | 0.58%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Water Utility System Revenue                         | EUGENE OR WTR REVENUE                                      | CUSIP: 298245MM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1686070.56   | 0.73%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hermiston OR                                                   | HERMISTON OR                                               | CUSIP: 427542NX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $425520.48    | 0.18%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro Economic Development Council                                 | HILLSBORO OR ECON DEV COUNCIL TAX INCR REVENUE             | CUSIP: 432094AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $929171.21    | 0.40%             | 2043-06-01      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| City of Lake Oswego OR                                                 | LAKE OSWEGO OR                                             | CUSIP: 510390M61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $737949.06    | 0.32%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lake Oswego OR                                                 | LAKE OSWEGO OR                                             | CUSIP: 510390M95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2472987.18   | 1.07%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 40 Creswell                             | LANE CNTY OR SCH DIST #40 CRESWELL                         | CUSIP: 515354ER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $581816.80    | 0.25%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 40 Creswell                             | LANE CNTY OR SCH DIST #40 CRESWELL                         | CUSIP: 515354EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $423891.20    | 0.18%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107922.50   | 0.48%             | 2037-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098595.10   | 0.47%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090590.30   | 0.47%             | 2039-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County School District/OR                                      | LINCOLN CNTY OR SCH DIST                                   | CUSIP: 533404DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538338.10    | 0.23%             | 2040-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Linn County Community School District No 9 Lebanon/OR                  | LINN CNTY OR CMNTY SCH DIST #9 LEBANON                     | CUSIP: 535809EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $3050014.54   | 1.32%             | 2030-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Marion County School District No 1 Gervais/OR                          | MARION CNTY OR SCH DIST #1 GERVAIS                         | CUSIP: 569133CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2890490.19   | 1.25%             | 2044-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Marion County School District No 1 Gervais/OR                          | MARION CNTY OR SCH DIST #1 GERVAIS                         | CUSIP: 569133DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2088252.90   | 0.90%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                  | MEDFORD OR HOSP FACS AUTH REVENUE                          | CUSIP: 584283HA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4515000 | PA      | $4632230.17   | 2.00%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Water Commission                                               | MEDFORD OR WTR COMMISSION WTR REVENUE                      | CUSIP: 584299AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3237626.04   | 1.40%             | 2049-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Water Commission                                               | MEDFORD OR WTR COMMISSION WTR REVENUE                      | CUSIP: 584299AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2468159.18   | 1.06%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 35 Molalla River                   | MOLALLA RIVER OR SCH DIST #35                              | CUSIP: 608479BD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $324121.28    | 0.14%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 35 Molalla River                   | MOLALLA RIVER OR SCH DIST #35                              | CUSIP: 608479BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $365398.08    | 0.16%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 10JT Gresham-Barlow  | MULTNOMAH CLACKAMAS CNTYS OR SCH DIST #10JT GRESHAM-BARLOW | CUSIP: 625482HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1375212.25   | 0.59%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah-Clackamas Counties Centennial School District No 28JT/OR     | MULTNOMAH-CLACKAMAS CNTYS OR CENTENNIAL SCH DIST #28JT     | CUSIP: 625485DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1886750.74   | 0.81%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 51JT Riverdale       | MULTNOMAH-CLACKAMAS CNTYS OR RIVERDALE SCH DIST #51JT      | CUSIP: 625487EP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $898399.80    | 0.39%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No 51JT Riverdale       | MULTNOMAH-CLACKAMAS CNTYS OR RIVERDALE SCH DIST #51JT      | CUSIP: 625487EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1057481.08   | 0.46%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon               | MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE                   | CUSIP: 62551PCW5<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |    950000 | PA      | $954861.72    | 0.41%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon               | MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE                   | CUSIP: 62551PCY1<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2878270.80   | 1.24%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                 | MULTNOMAH CNTY OR SCH DIST #40                             | CUSIP: 625693JS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1222091.55   | 0.53%             | 2053-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Newport OR                                                     | NEWPORT OR                                                 | CUSIP: 652300LC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926190.60    | 0.40%             | 2028-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Newport OR                                                     | NEWPORT OR                                                 | CUSIP: 652300LD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1044974.13   | 0.45%             | 2029-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $569351.75    | 0.25%             | 2038-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $622434.01    | 0.27%             | 2039-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $447692.92    | 0.19%             | 2040-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $466523.14    | 0.20%             | 2042-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $542976.50    | 0.23%             | 2043-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Community College District                                | OREGON COAST OR CMNTY CLG DIST                             | CUSIP: 68583NCM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $782098.61    | 0.34%             | 2044-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                     | OREGON ST HLTH & SCIENCE UNIV REVENUE                      | CUSIP: 685869HC6<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1539495.22   | 0.66%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                     | OREGON ST HLTH & SCIENCE UNIV REVENUE                      | CUSIP: 685869HD4<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2618432.68   | 1.13%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                     | OREGON ST HLTH & SCIENCE UNIV REVENUE                      | CUSIP: 685869HE2<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1762397.57   | 0.76%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                           | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE       | CUSIP: 68607DUW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4630000 | PA      | $4951492.38   | 2.14%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68607EPR8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105236.48    | 0.05%             | 2026-08-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                   | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE               | CUSIP: 68607V6S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2858109.15   | 1.23%             | 2044-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 6860874M6<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    925000 | PA      | $938927.63    | 0.40%             | 2049-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 6860878C4<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3797483.26   | 1.64%             | 2040-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 686087B55<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1354446.90   | 0.58%             | 2034-07-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 686087WV5<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    910000 | PA      | $901430.08    | 0.39%             | 2033-01-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE               | CUSIP: 686087Y84<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1987080.03   | 0.86%             | 2043-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                 | CUSIP: 68608EJS2<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    870000 | PA      | $881498.62    | 0.38%             | 2042-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                 | CUSIP: 68608ENJ7<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2167054.52   | 0.93%             | 2043-11-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JSA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506655.80   | 0.65%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JVR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1629117.91   | 0.70%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JXF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4220000 | PA      | $4220000.00   | 1.82%             | 2034-08-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $315755.19    | 0.14%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1797710.78   | 0.78%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $172083.59    | 0.07%             | 2026-07-01      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $165225.38    | 0.07%             | 2028-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $228336.53    | 0.10%             | 2030-07-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                      | OREGON ST FACS AUTH REVENUE                                | CUSIP: 68608JYW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $810592.40    | 0.35%             | 2041-07-01      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                                | OREGON ST UNIV GEN REVENUE                                 | CUSIP: 68608WAV4<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1970749.44   | 0.85%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                                | OREGON ST UNIV GEN REVENUE                                 | CUSIP: 68608WBC5<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2892999.20   | 1.25%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609B5V5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.47%             | 2041-06-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609BNR4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.26%             | 2036-12-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609BX69<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1642643.96   | 0.71%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609TLP1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   6995000 | PA      | $7229147.13   | 3.12%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609TXF0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    525000 | PA      | $525000.00    | 0.23%             | 2039-06-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609UBC8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4175000.00   | 1.80%             | 2045-06-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609UTG0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    600000 | PA      | $661945.80    | 0.29%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                        | OREGON ST                                                  | CUSIP: 68609UVZ5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    500000 | PA      | $535540.50    | 0.23%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Benton & Polk School District No 17J                                   | PHILOMATH OR SCH DIST #17J BENTON & POLK CNTYS             | CUSIP: 718781CF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921868.30    | 0.40%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Benton & Polk School District No 17J                                   | PHILOMATH OR SCH DIST #17J BENTON & POLK CNTYS             | CUSIP: 718781CH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $603289.61    | 0.26%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Polk Marion & Benton Counties School District No 13J Central           | POLK MARION & BENTON OR SCH DIST #13J                      | CUSIP: 731418KN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $366948.78    | 0.16%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                      | PORT OF MORROW OR TRANSMISSION FACS REVENUE                | CUSIP: 73474TAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $878739.00    | 0.38%             | 2036-09-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                      | PORT OF MORROW OR TRANSMISSION FACS REVENUE                | CUSIP: 73474TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1209288.30   | 0.52%             | 2040-09-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 7352403F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2518732.49   | 1.09%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 7352404D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2143336.20   | 0.92%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 735240M67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1181354.74   | 0.51%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 735240P98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1558259.18   | 0.67%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                    | PORT OF PORTLAND OR ARPT REVENUE                           | CUSIP: 735240Q71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $877512.74    | 0.38%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Forward                                                           | PORTLAND OR HSG AUTH REVENUE                               | CUSIP: 736703FU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $564706.38    | 0.24%             | 2027-01-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Home Forward                                                           | PORTLAND OR HSG AUTH REVENUE                               | CUSIP: 736703GT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1681865.81   | 0.73%             | 2029-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740A43<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1363176.38   | 0.59%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740WJ6<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1068917.92   | 0.46%             | 2036-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740XJ5<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1322046.29   | 0.57%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                    | PORTLAND OR REVENUE                                        | CUSIP: 736740XQ9<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2105911.78   | 0.91%             | 2029-06-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742G92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4805000 | PA      | $5064410.90   | 2.18%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742J99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1405892.38   | 0.61%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1226085.53   | 0.53%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1564674.85   | 0.67%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                               | PORTLAND OR SWR SYS REVENUE                                | CUSIP: 736742K63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1300379.76   | 0.56%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Water System Revenue                               | PORTLAND OR WTR SYS REVENUE                                | CUSIP: 736754QM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037277.60   | 0.45%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Water System Revenue                               | PORTLAND OR WTR SYS REVENUE                                | CUSIP: 736754TJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $198606.57    | 0.09%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                            | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530872.25    | 0.23%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                            | PUERTO RICO CMWLTH                                         | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    750000 | PA      | $826189.88    | 0.36%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                   | PUERTO RICO ELEC PWR AUTH PWRREVENUE                       | CUSIP: 74526Q2M3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1053571.09   | 0.45%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                   | PUERTO RICO ELEC PWR AUTH PWRREVENUE                       | CUSIP: 74526Q2V3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2143053.52   | 0.92%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                 | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE          | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2047428.18   | 0.88%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                     | REDMOND OR                                                 | CUSIP: 757657UH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $605589.45    | 0.26%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                     | REDMOND OR                                                 | CUSIP: 757657WW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1021807.22   | 0.44%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                     | REDMOND OR                                                 | CUSIP: 757657YX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134303.73    | 0.06%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Redmond Area Park & Recreation District                                | REDMOND OR AREA PARK & RECREATION DISTRICT                 | CUSIP: 757660AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1247258.10   | 0.54%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $263661.24    | 0.11%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $277970.02    | 0.12%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $264824.03    | 0.11%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $235656.52    | 0.10%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Water People's Utility District/OR                            | ROCKWOOD OR WTR PEOPLES UTILITY DIST WTR REVENUE           | CUSIP: 774459DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $239240.33    | 0.10%             | 2047-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                      | SALEM OR HOSP FAC AUTH REVENUE                             | CUSIP: 794458EU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $553417.60    | 0.24%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                      | SALEM OR HOSP FAC AUTH REVENUE                             | CUSIP: 794458FV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3076712.40   | 1.33%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                      | SALEM OR HOSP FAC AUTH REVENUE                             | CUSIP: 794458GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $709333.43    | 0.31%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                       | SANDY OR                                                   | CUSIP: 800358FS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77072.50     | 0.03%             | 2044-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                       | SANDY OR                                                   | CUSIP: 800358FW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031876.20   | 0.45%             | 2048-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Sandy OR                                                       | SANDY OR                                                   | CUSIP: 800358FY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $590715.61    | 0.25%             | 2050-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Tillamook OR                                                 | TILLAMOOK CNTY OR                                          | CUSIP: 886793FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $227220.74    | 0.10%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tillamook County School District No 9 Tillamook                        | TILLAMOOK CNTY OR SCH DIST #9                              | CUSIP: 886835DU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1407100.27   | 0.61%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tillamook County School District No 9 Tillamook                        | TILLAMOOK CNTY OR SCH DIST #9                              | CUSIP: 886835DV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1409294.69   | 0.61%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tualatin Valley Water District                                         | TUALATIN VLY OR WTR DIST WTR REVENUE                       | CUSIP: 89855PEU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1702797.12   | 0.73%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 8R Hermiston                        | UMATILLA CNTY OR SCH DIST #8 R HERMISTON                   | CUSIP: 904121PL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2560000 | PA      | $1166020.35   | 0.50%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                   | UNIV OF OREGON OR GEN REVENUE                              | CUSIP: 914767AC2<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4218356.98   | 1.82%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                   | UNIV OF OREGON OR GEN REVENUE                              | CUSIP: 914767AD0<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1895661.70   | 0.82%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                            | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES            | CUSIP: 934312AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $293752.92    | 0.13%             | 2026-11-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                            | WARM SPRINGS OR RESERVATION CONFEDERATED TRIBES            | CUSIP: 934312AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1297569.65   | 0.56%             | 2027-11-01      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                          | WASHINGTON CNTY OR SCH DIST #13 BANKS                      | CUSIP: 938350FR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1261790.70   | 0.54%             | 2044-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                          | WASHINGTON CNTY OR SCH DIST #13 BANKS                      | CUSIP: 938350FS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1430978.50   | 0.62%             | 2051-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 15 Forest Grove                   | WASHINGTON CNTY OR SCH DIST #15 FOREST GROVE               | CUSIP: 938361QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $420074.59    | 0.18%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Clackamas Counties School District No 23J Tigard-Tualatin | WASHINGTON & CLACKAMAS CNTYS OR SCH DIST #23 J TIGARD      | CUSIP: 938395TK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3289664.10   | 1.42%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton       | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                 | CUSIP: 9384292B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1246736.45   | 0.54%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton       | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                 | CUSIP: 9384292V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2684195.75   | 1.16%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro School District No 1J                                        | WASHINGTON MULTNOMAH & YAMHILL CNTYS OR SCH DIST #1J       | CUSIP: 939307JJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1647662.67   | 0.71%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of West Linn OR                                                   | WEST LINN OR                                               | CUSIP: 954039PS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $972554.50    | 0.42%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of West Linn OR                                                   | WEST LINN OR                                               | CUSIP: 954039PT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1231513.56   | 0.53%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                   | YAMHILL CNTY OR REVENUE                                    | CUSIP: 98464TAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $890256.68    | 0.38%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                   | YAMHILL CNTY OR REVENUE                                    | CUSIP: 98464TAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3005000 | PA      | $3022952.77   | 1.30%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                   | YAMHILL CNTY OR REVENUE                                    | CUSIP: 98464TBA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1200374.76   | 0.52%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer