# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001410368-25-028936
**Filing Date:** 2025-11
**Character Count:** 35029
**Document Hash:** e4409a9e009aa4d8d6e500f185306db6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028936.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-028936

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**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:** 251509851

**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 Massachusetts Municipal Income Fund (Series ID: S000004841)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000013108 | Eaton Vance Massachusetts Municipal Income Fund Class A | ETMAX           |
| C000013110 | Eaton Vance Massachusetts Municipal Income Fund Class I | EIMAX           |
| C000034083 | Eaton Vance Massachusetts Municipal Income Fund Class C | ECMMX           |

## 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 Massachusetts Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000004841

- **c. LEI of Series:** 549300P15KQUNIM81W52

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $136134669.75

**Total Liabilities:** $4275855.69

**Net Assets:** $131858814.06

**Cash Not Reported:** $37185.52

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -241.21000000 | **1-Year:** -3566.89000000 | **5-Year:** -22000.50000000 | **10-Year:** -39957.05000000 | **30-Year:** -12869.29000000

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

- **3-Month:** -38.18000000 | **1-Year:** -620.92000000 | **5-Year:** -1736.46000000 | **10-Year:** -4929.75000000 | **30-Year:** -2623.14000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013108 | -0.63%               | 0.95%                | 2.56%                |
| Class ID C000013110 | -0.48%               | 0.83%                | 2.58%                |
| Class ID C000034083 | -0.56%               | 0.88%                | 2.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-186652.21              | $-863523.44                                |
| Month 2  | $-532095.04              | $1253963.80                                |
| Month 3  | $79770.65                | $2846581.86                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57585BKD9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1163704.70   | 0.88%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Boston Water & Sewer Commission                               | BOSTON MA WTR & SWR COMMISSION                        | CUSIP: 101029TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002274.80   | 1.52%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Fall River Vocational School District                 | GTR FALL RIVER MA VOTECH SCH DIST                     | CUSIP: 391712BB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1559946.75   | 1.18%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57583RWD3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 2.35%             | 2042-10-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584YMH9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    135000 | PA      | $138711.64    | 0.11%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584XEG2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1660795.80   | 1.26%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority       | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE     | CUSIP: 57586EKB6<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3165000.00   | 2.40%             | 2044-07-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584XJ28<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1583423.57   | 1.20%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584YS34<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1266617.56   | 0.96%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57583U6R4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2846693.95   | 2.16%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57585BBR8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505660.60    | 0.38%             | 2034-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                           | MASSACHUSETTS ST WTR POLL ABATEMENT TRUST             | CUSIP: 57604PC69<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   3105000 | PA      | $3701058.16   | 2.81%             | 2034-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57585BBP2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2308528.60   | 1.75%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority       | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE     | CUSIP: 57586EQ87<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 1.06%             | 2039-07-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                      | NATIONAL FIN AUTH NH REVENUE                          | CUSIP: 63607YAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $604454.37    | 0.46%             | 2042-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Massachusetts Municipal Wholesale Electric Co                 | MASSACHUSETTS ST MUNI WHOLESALE ELEC COMPANY          | CUSIP: 575766AV2<br>LEI: 549300CFLHW0OYBX9C89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $905664.40    | 0.69%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Boston MA                                             | BOSTON MA                                             | CUSIP: 100853N48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $923550.73    | 0.70%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57585BHL5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2593027.50   | 1.97%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                           | MASSACHUSETTS ST CLEAN WTR TRUST                      | CUSIP: 575829MR4<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067184.50   | 0.81%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584YVR7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    950000 | PA      | $961293.70    | 0.73%             | 2059-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                   | PUERTO RICO CMWLTH                                    | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1863637.56   | 1.41%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                 | MASSACHUSETTS ST EDUCTNL FING AUTH                    | CUSIP: 57563RUB3<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1831215.06   | 1.39%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Framingham MA                                         | FRAMINGHAM MA                                         | CUSIP: 351695DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1604061.02   | 1.22%             | 2040-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584XDT5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1550949.84   | 1.18%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue        | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE     | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1933186.20   | 1.47%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584X3E9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1973451.20   | 1.50%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue  | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE | CUSIP: 575579J40<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2389174.32   | 1.81%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57585BBQ0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1472676.96   | 1.12%             | 2054-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                      | NATIONAL FIN AUTH NH LEASE RENT REVENUE               | CUSIP: 63610TAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $86271.35     | 0.07%             | 2038-12-15      | Fixed         | 9.58%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57585BEX2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1769911.33   | 1.34%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57585BAB4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2631326.00   | 2.00%             | 2054-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57585BBS6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1952631.40   | 1.48%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584XMP3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011481.80   | 0.77%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue     | MASSACHUSETTS ST TRANSPRTN FUND REVENUE               | CUSIP: 57604TKE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2592795.25   | 1.97%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                | UNIV OF MASSACHUSETTS MA BLDGAUTH PROJ REVENUE        | CUSIP: 914440VY5<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1797238.44   | 1.36%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                          | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE              | CUSIP: 57587GPC3<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997212.80    | 0.76%             | 2026-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Town of Tyngsborough MA                                       | TYNGSBOROUGH MA                                       | CUSIP: 902392KT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1443518.38   | 1.09%             | 2042-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584Y7K9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2825692.50   | 2.14%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                 | MASSACHUSETTS ST                                      | CUSIP: 57582RY34<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2114031.80   | 1.60%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                 | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE           | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201247.70    | 0.15%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584XJG7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005390.60   | 1.52%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                | UNIV OF MASSACHUSETTS MA BLDGAUTH PROJ REVENUE        | CUSIP: 914440QV7<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047203.40   | 1.55%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584YX53<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $1754054.10   | 1.33%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                          | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE              | CUSIP: 57587GXK6<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022722.80   | 1.53%             | 2048-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                  | MASSACHUSETTS ST PORT AUTH SPL FACS REVENUE           | CUSIP: 575898DL2<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1414770.57   | 1.07%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                 | MASSACHUSETTS ST EDUCTNL FING AUTH                    | CUSIP: 57563RTD1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1378005.30   | 1.05%             | 2038-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Northeast Metropolitan Regional Vocational School District    | NORTHEAST MET REGL VOCATIONAL TECH SCD DIST MA        | CUSIP: 664262BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $2865039.62   | 2.17%             | 2047-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584Y8K8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3900000.00   | 2.96%             | 2048-03-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584YRY7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    750000 | PA      | $760722.53    | 0.58%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                      | NATIONAL FIN AUTH NH REVENUE                          | CUSIP: 63607YBK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45639.75     | 0.03%             | 2038-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57583RBY0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5460000 | PA      | $6294069.60   | 4.77%             | 2032-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584X6Z9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1619436.19   | 1.23%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                       | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE      | CUSIP: 576000G56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1169904.50   | 0.89%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority       | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH             | CUSIP: 57585KWD6<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5965938.00   | 4.52%             | 2032-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                  | MASSACHUSETTS ST PORT AUTH SPL FACS REVENUE           | CUSIP: 575898DS7<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2514351.00   | 1.91%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue  | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE | CUSIP: 575579L47<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1803330.24   | 1.37%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New Bedford MA                                        | NEW BEDFORD MA                                        | CUSIP: 642170SB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2488262.29   | 1.89%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584YMG1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    205000 | PA      | $211468.82    | 0.16%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Norwood MA                                            | NORWOOD MA                                            | CUSIP: 669555H56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2330074.71   | 1.77%             | 2047-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Newton MA                                             | NEWTON MA                                             | CUSIP: 653064KF1<br>LEI: 5493002K4RYNFEPKGB67 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1044081.94   | 0.79%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57585BAK4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1164153.50   | 0.88%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584Y8H5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.23%             | 2048-03-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Assessment Revenue | MASSACHUSETTS BAY MA TRANSPRTN AUTH REVENUE           | CUSIP: 575577HY0<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1434324.49   | 1.09%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of East Longmeadow MA                                    | EAST LONGMEADOW MA                                    | CUSIP: 273533UK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1641680.40   | 1.25%             | 2042-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                          | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE              | CUSIP: 57587A4T2<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $759703.50    | 0.58%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                      | NATIONAL FIN AUTH NH REVENUE                          | CUSIP: 63607YAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $684048.01    | 0.52%             | 2042-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                  | MASSACHUSETTS ST PORT AUTH                            | CUSIP: 575896YK5<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   4090000 | PA      | $4126172.78   | 3.13%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584XNN7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1294978.89   | 0.98%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1892357.60   | 1.44%             | 2057-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                  | CUSIP: 57585BGT9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $2007439.10   | 1.52%             | 2055-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                      | NATIONAL FIN AUTH NH LEASE RENT REVENUE               | CUSIP: 63610TAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1394019.25   | 1.06%             | 2038-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                       | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE      | CUSIP: 576000E33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071052.40   | 0.81%             | 2050-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                 | MASSACHUSETTS ST SPL OBLG DEDICATED TAX REVENUE       | CUSIP: 576002BN8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   4955000 | PA      | $5555291.31   | 4.21%             | 2030-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-17

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer