# EDGAR Filing Document

**Accession Number:** 0000914529
**File Stem:** 0001752724-25-161291
**Filing Date:** 2025-6
**Character Count:** 70805
**Document Hash:** ff837421c215f91d643cc836e7357174
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-161291.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-161291

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eaton Vance Municipals Trust II
- **CENTRAL INDEX KEY:** 0000914529

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08134
- **FILM NUMBER:** 251083041

**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 II
- **DATE OF NAME CHANGE:** 19931108

## Series and Classes Contracts Data

### Parametric TABS Short-Term Municipal Bond Fund (Series ID: S000024906)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000074079 | Parametric TABS Short-Term Municipal Bond Fund Class A | EABSX           |
| C000074080 | Parametric TABS Short-Term Municipal Bond Fund Class C | ECBSX           |
| C000074081 | Parametric TABS Short-Term Municipal Bond Fund Class I | EIBSX           |

## Nport-Ex

Parametric

TABS Short-Term Municipal Bond Fund

April 30, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Municipal Obligations — 98.0%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 0.7% | Bond Bank — 0.7% | Bond Bank — 0.7% |
| Texas Water Development Board, 4.50%, 10/15/37 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1037438 |
|  |  | &nbsp;&nbsp;**$1037438** |
| Education — 1.5% | Education — 1.5% | Education — 1.5% |
| University of Colorado, 5.00%, 10/1/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;$2130545 |
|  |  | &nbsp;&nbsp;**$2130545** |
| Electric Utilities — 3.3% | Electric Utilities — 3.3% | Electric Utilities — 3.3% |
| Burke County Development Authority, GA, (Oglethorpe Power Corp.), 3.60% to 2/1/30 (Put Date), 11/1/45 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1125 | &nbsp;&nbsp;$1116424 |
| Southeast Energy Authority, AL, 5.25% to 1/1/33 (Put Date), 3/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp; 3694594 |
|  |  | &nbsp;&nbsp;**$4811018** |
| General Obligations — 49.5% | General Obligations — 49.5% | General Obligations — 49.5% |
| Angleton Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/36 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;$241273 |
| Auburn, ME, 2.00%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp; 982462 |
| Belmont, MA, 3.00%, 2/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 464620 |
| Braintree, MA, 1.50%, 10/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865 | &nbsp;&nbsp;&nbsp;&nbsp; 707742 |
| California: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610 | &nbsp;&nbsp;&nbsp;&nbsp; 637397 |
| &nbsp;&nbsp;&nbsp;5.50%, 12/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp; 78878 |
| Carroll County, MD, 5.00%, 11/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565 | &nbsp;&nbsp;&nbsp;&nbsp; 593829 |
| Columbia School District, MO, 2.10%, 3/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1040 | &nbsp;&nbsp;&nbsp;&nbsp; 1005642 |
| Connecticut: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 3/15/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 534614 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/30<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp; 640137 |
| District of Columbia, (Washington DC), 5.00%, 10/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5093071 |
| Frisco, TX, 2.00%, 2/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 212924 |
| Gaston County, NC, 5.00%, 3/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp; 6635120 |
| Massachusetts: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/35<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3412733 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2750 | &nbsp;&nbsp;&nbsp;&nbsp; 2784073 |
| Mecklenburg County, NC, 5.00%, 2/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2253981 |
| Meramec Valley R-III School District, MO, 3.00%, 3/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp; 27203 |
| Metro, OR, 5.00%, 6/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3250 | &nbsp;&nbsp;&nbsp;&nbsp; 3386232 |
| Montgomery County, MD, 5.00%, 10/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp; 1350829 |
| Mountain View Whisman School District, CA, (Election of 2020), 4.00%, 9/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp; 10403 |
| New York: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 3/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5250 | &nbsp;&nbsp;&nbsp;&nbsp; 5841717 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| New York: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 3/15/32 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;$2816298 |
| New York, NY: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1630033 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2020 | &nbsp;&nbsp;&nbsp;&nbsp; 2073506 |
| North Carolina, 2.00%, 6/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1070885 |
| Orange County, NC, 3.10%, 2/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1155 | &nbsp;&nbsp;&nbsp;&nbsp; 1067268 |
| Oregon: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/34<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1260 | &nbsp;&nbsp;&nbsp;&nbsp; 1337998 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/37<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1275 | &nbsp;&nbsp;&nbsp;&nbsp; 1340701 |
| Pennsylvania, 4.00%, 5/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2005 | &nbsp;&nbsp;&nbsp;&nbsp; 2055318 |
| Rutherford County, TN, 1.50%, 4/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1591326 |
| San Jacinto Community College District, TX, 5.00%, 2/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2293861 |
| Somerville, MA: |  |  |
| &nbsp;&nbsp;&nbsp;1.75%, 10/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3480 | &nbsp;&nbsp;&nbsp;&nbsp; 2886686 |
| &nbsp;&nbsp;&nbsp;1.75%, 10/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1260 | &nbsp;&nbsp;&nbsp;&nbsp; 1017220 |
| Wake County, NC: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830 | &nbsp;&nbsp;&nbsp;&nbsp; 894567 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1045 | &nbsp;&nbsp;&nbsp;&nbsp; 1195752 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp; 4004911 |
| Washington, 5.00%, 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1091007 |
| Washington County School District No. 13 Banks, OR: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 222508 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp; 393402 |
| &nbsp;&nbsp;&nbsp;0.00%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 328212 |
| Wylie Independent School District, TX, (PSF Guaranteed), 3.25% to 8/15/28 (Put Date), 8/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5675 | &nbsp;&nbsp;&nbsp;&nbsp; 5411818 |
|  |  | &nbsp;&nbsp;**$71618157** |
| Hospital — 8.6% | Hospital — 8.6% | Hospital — 8.6% |
| Allegheny County Hospital Development Authority, PA, (UPMC), 4.32%, (SIFMA + 0.70%), 11/15/47<sup>(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;$4457784 |
| Center City, MN, (Hazelden Betty Ford Foundation): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320 | &nbsp;&nbsp;&nbsp;&nbsp; 345600 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 324540 |
| Colorado Health Facilities Authority, (AdventHealth Obligated Group), 5.00% to 11/15/29 (Put Date), 11/15/59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2121650 |
| Connecticut Health and Educational Facilities Authority, (Yale-New Haven Health), 5.00% to 7/1/29 (Put Date), 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2109573 |
| Missouri Health and Educational Facilities Authority, (SSM Health), 5.00% to 6/1/28 (Put Date), 6/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3130811 |
|  |  | &nbsp;&nbsp;**$12489958** |

---

------

Parametric

TABS Short-Term Municipal Bond Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing — 15.1% | Housing — 15.1% | Housing — 15.1% |
| Connecticut Housing Finance Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(SPA: TD Bank, N.A.), 3.60%, 11/15/48<sup>(3)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;$3000000 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 5.25%, 11/15/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1815 | &nbsp;&nbsp;&nbsp;&nbsp; 1900731 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 5.50%, 11/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2520 | &nbsp;&nbsp;&nbsp;&nbsp; 2612074 |
| Florida Housing Finance Corp., Social Bonds, (FHLMC), (FNMA), (GNMA), 2.60%, 7/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp; 154880 |
| Illinois Housing Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 5.25%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785 | &nbsp;&nbsp;&nbsp;&nbsp; 815715 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 6.25%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1245 | &nbsp;&nbsp;&nbsp;&nbsp; 1330906 |
| Indiana Housing and Community Development Authority, SFMR, Social Bonds, (FHLMC), (FNMA), (GNMA), 5.00%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;905 | &nbsp;&nbsp;&nbsp;&nbsp; 929742 |
| Nebraska Investment Finance Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 5.50%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1420 | &nbsp;&nbsp;&nbsp;&nbsp; 1488282 |
| Nevada Housing Division, (FHLMC), (FNMA), (GNMA), 3.00%, 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785 | &nbsp;&nbsp;&nbsp;&nbsp; 653322 |
| New Mexico Mortgage Finance Authority, (Single Family Mortgage Program), (FHLMC), (FNMA), (GNMA), 3.35%, 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp; 271935 |
| New York City Housing Development Corp., NY, Green Bonds, (Liq: TD Bank, N.A.), 3.60%, 5/1/50<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1485 | &nbsp;&nbsp;&nbsp;&nbsp; 1485000 |
| Ohio Housing Finance Agency: |  |  |
| &nbsp;&nbsp;&nbsp;3.35%, 9/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465 | &nbsp;&nbsp;&nbsp;&nbsp; 362312 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 2.25%, 9/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210 | &nbsp;&nbsp;&nbsp;&nbsp; 151094 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 2.45%, 9/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp; 313791 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 5.75%, 3/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865 | &nbsp;&nbsp;&nbsp;&nbsp; 909071 |
| Oklahoma Housing Finance Agency, (FHLMC), (FNMA), (GNMA), 6.50%, 9/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985 | &nbsp;&nbsp;&nbsp;&nbsp; 1090531 |
| South Dakota Housing Development Authority, (FHLMC), (FNMA), (GNMA), 6.25%, 5/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985 | &nbsp;&nbsp;&nbsp;&nbsp; 1065631 |
| Tennessee Housing Development Agency, Social Bonds, 5.50%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1765 | &nbsp;&nbsp;&nbsp;&nbsp; 1841681 |
| Texas Department of Housing and Community Affairs, Social Bonds, (GNMA), 5.75%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1415 | &nbsp;&nbsp;&nbsp;&nbsp; 1507611 |
|  |  | &nbsp;&nbsp;**$21884309** |
| Industrial Development Revenue — 0.7% | Industrial Development Revenue — 0.7% | Industrial Development Revenue — 0.7% |
| Parish of St. John the Baptist, LA, (Marathon Oil Corp.), 3.30% to 7/3/28 (Put Date), 6/1/37 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$983811 |
|  |  | &nbsp;&nbsp;**$983811** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - General Obligations — 2.5% | Insured - General Obligations — 2.5% | Insured - General Obligations — 2.5% |
| Rancho Santiago Community College District, CA, (Election of 2002), (AGM), 0.00%, 9/1/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;$1793441 |
| San Mateo County Community College District, CA, (Election of 2001), (NPFG), 0.00%, 9/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1857725 |
|  |  | &nbsp;&nbsp;**$3651166** |
| Insured - Industrial Development Revenue — 0.1% | Insured - Industrial Development Revenue — 0.1% | Insured - Industrial Development Revenue — 0.1% |
| St. Vrain Lakes Metropolitan District No. 2, CO, (AGC), 5.00%, 12/1/25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 | &nbsp;&nbsp;$65538 |
|  |  | &nbsp;&nbsp;**$65538** |
| Lease Revenue/Certificates of Participation — 0.6% | Lease Revenue/Certificates of Participation — 0.6% | Lease Revenue/Certificates of Participation — 0.6% |
| Malibu, CA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/38 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;$275373 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp; 225258 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 375381 |
|  |  | &nbsp;&nbsp;**$876012** |
| Other Revenue — 9.4% | Other Revenue — 9.4% | Other Revenue — 9.4% |
| California Infrastructure and Economic Development Bank, (California Academy of Sciences), Sustainability Bonds, 3.25%, 8/1/29 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;$2986292 |
| Energy Southeast A Cooperative District, AL, 5.50% to 1/1/31 (Put Date), 11/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3215519 |
| Main Street Natural Gas, Inc., GA, Gas Supply Revenue, 5.00% to 3/1/30 (Put Date), 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1042719 |
| New Mexico Municipal Energy Acquisition Authority, Gas Supply Revenue, 5.00% to 11/1/30 (Put Date), 6/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp; 6288504 |
|  |  | &nbsp;&nbsp;**$13533034** |
| Senior Living/Life Care — 2.5% | Senior Living/Life Care — 2.5% | Senior Living/Life Care — 2.5% |
| California Municipal Finance Authority, (PRS California Obligated Group): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305 | &nbsp;&nbsp;$317189 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 263069 |
| Lancaster Municipal Authority, PA, (Garden Spot Village): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210 | &nbsp;&nbsp;&nbsp;&nbsp; 216407 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp; 197421 |
| Missouri Health and Educational Facilities Authority, (Lutheran Senior Services): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp;&nbsp;&nbsp; 483326 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590 | &nbsp;&nbsp;&nbsp;&nbsp; 608206 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp; 492298 |

---

------

Parametric

TABS Short-Term Municipal Bond Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Senior Living/Life Care (continued) | Senior Living/Life Care (continued) | Senior Living/Life Care (continued) |
| Virginia Small Business Financing Authority, (Lifespire of Virginia), 5.00%, 12/1/34 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1037003 |
|  |  | &nbsp;&nbsp;**$3614919** |
| Special Tax Revenue — 1.5% | Special Tax Revenue — 1.5% | Special Tax Revenue — 1.5% |
| Massachusetts Bay Transportation Authority, Sales Tax Revenue, 5.00%, 7/1/42 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;$1013368 |
| New York City Transitional Finance Authority, NY, Future Tax Revenue, 5.00%, 11/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1090712 |
|  |  | &nbsp;&nbsp;**$2104080** |
| Water and Sewer — 2.0% | Water and Sewer — 2.0% | Water and Sewer — 2.0% |
| Southeast Energy Authority, AL, (Project No. 2), 4.00% to 12/1/31 (Put Date), 12/1/51 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;$2951106 |
|  |  | &nbsp;&nbsp;**$2951106** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $142,045,140) |  | &nbsp;&nbsp;**$141751091** |

---

Taxable Municipal Obligations — 0.5%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations — 0.5% | General Obligations — 0.5% | General Obligations — 0.5% |
| Austin Independent School District, TX, (PSF Guaranteed), 4.00%, 8/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp;$664976 |
| Total Taxable Municipal Obligations<br> (identified cost $648,096) |  | &nbsp;&nbsp;**$664976** |

---

Short-Term Investments — 5.7%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.24%<sup>(4)</sup> | 8279859 | &nbsp;&nbsp;$8279859 |
| Total Short-Term Investments<br> (identified cost $8,279,859) |  | &nbsp;&nbsp;**$8279859** |
| Total Investments — 104.2%<br> (identified cost $150,973,095) |  | &nbsp;&nbsp;**$150695926** |
| Other Assets, Less Liabilities — (4.2)% |  | &nbsp;&nbsp;**$(6131935)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$144563991** |

---

---

| | |
|:---|:---|
| 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> | When-issued security. |
| <sup>(2)</sup> | Floating rate security. The stated interest rate represents the rate in effect at April 30, 2025. |
| <sup>(3)</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 April 30, 2025. |
| <sup>(4)</sup> | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of April 30, 2025. |
| At April 30, 2025, the concentration of the Fund's investments in the various states, determined as a percentage of net assets, is as follows: | At April 30, 2025, the concentration of the Fund's investments in the various states, determined as a percentage of net assets, is as follows: |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;North Carolina | 11.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York | 10.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others, representing less than 10% individually | 76.4% |

---

The Fund invests primarily in debt securities issued by 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 April 30, 2025, 2.5% 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 less than 0.5% to 1.2% of total investments.

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AGC | – Assured Guaranty Corp. |
| AGM | – Assured Guaranty Municipal Corp. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| Liq | – Liquidity Provider |
| NPFG | – National Public Finance Guarantee Corp. |
| PSF | – Permanent School Fund |
| SFMR | – Single Family Mortgage Revenue |
| SIFMA | – Securities Industry and Financial Markets Association Municipal Swap Index |
| SPA | – Standby Bond Purchase Agreement |

---

------

Parametric

TABS Short-Term Municipal Bond Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

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

Affiliated Investments

At April 30, 2025, the value of the Fund's investment in funds that may be deemed to be affiliated was $8,279,859, which represents 5.7% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended April 30, 2025 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Value,<br> beginning<br> of period** | **Purchases** | **Sales<br> proceeds** | **Net realized<br> gain (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Value, end<br> of period** | **Dividend<br> income** | **Shares,<br> end of period** |
| **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** |
| Liquidity Funds - Government Portfolio<sup>(1)</sup> | $7603605 | $39274475 | $(38598221) | $— | $— | $8279859 | $92533 | 8279859 |

---

<sup>(1)</sup> Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.

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 April 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;$141751091 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$141751091 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664976 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;8279859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8279859 |
| **Total Investments** | &nbsp;&nbsp;**$8279859** | &nbsp;&nbsp;&nbsp;&nbsp;**$142416067** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$150695926** |

---

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 II

- **b. Investment Company Act file number:** 811-08134

- **c. CIK number of Registrant:** 0000914529

- **d. LEI of Registrant:** 54930020USKP27DTI683

- **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:** Parametric TABS Short-Term Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000024906

- **c. LEI of Series:** 549300EYQ80KP4CQ1C44

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $149606982.83

**Total Liabilities:** $5105136.12

**Net Assets:** $144501846.71

**Delayed Delivery Securities:** $4483588.90

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -146.39000000 | **1-Year:** -6296.85000000 | **5-Year:** -33162.11000000 | **10-Year:** -36896.94000000 | **30-Year:** -10519.10000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000074080 | 0.98%                | -0.85%               | -0.37%               |
| Class ID C000074079 | 1.04%                | -0.79%               | -0.21%               |
| Class ID C000074081 | 1.06%                | -0.86%               | -0.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $138209.32               | $1048636.52                                |
| Month 2  | $779279.14               | $-2324265.48                               |
| Month 3  | $-116295.03              | $-609892.88                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Oklahoma Housing Finance Agency                                         | OKLAHOMA ST HSG FIN AGY SF MTGE REVENUE                             | CUSIP: 67886MD55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1090531.23   | 0.75%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE              | CUSIP: 60637AVX7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3130810.80   | 2.17%             | 2039-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Auburn ME                                                       | AUBURN ME                                                           | CUSIP: 050375UR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $982462.13    | 0.68%             | 2034-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                  | CENTER CITY MN HLTH CARE FACSREVENUE                                | CUSIP: 151452CH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $345600.03    | 0.24%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                           | WASHINGTON CNTY OR SCH DIST #13 BANKS                               | CUSIP: 938350FL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $222507.90    | 0.15%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Carroll MD                                                    | CARROLL CNTY MD                                                     | CUSIP: 144880FK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $593828.50    | 0.41%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                  | ILLINOIS ST HSG DEV AUTH REVENUE                                    | CUSIP: 45203MHX2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    785000 | PA      | $815715.40    | 0.56%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metro/OR                                                                | METRO OR                                                            | CUSIP: 59163PLX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3386232.20   | 2.34%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                         | ALLEGHENY CNTY PA HOSP DEV AUTH                                     | CUSIP: 01728A5V4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4457784.15   | 3.08%             | 2047-11-15      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Nevada Housing Division                                                 | NEVADA ST HSG DIV SF MTGE REVENUE                                   | CUSIP: 641279NS9<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    785000 | PA      | $653322.06    | 0.45%             | 2039-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                  | CALIFORNIA ST MUNI FIN AUTH REVENUE                                 | CUSIP: 13048V2D9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    305000 | PA      | $317189.08    | 0.22%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                           | WASHINGTON CNTY OR SCH DIST #13 BANKS                               | CUSIP: 938350FM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $393401.61    | 0.27%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Columbia School District/MO                                             | COLUMBIA MO SCH DIST                                                | CUSIP: 198037CT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1005641.73   | 0.70%             | 2027-03-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| State of New York                                                       | NEW YORK ST                                                         | CUSIP: 649791TL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2816298.25   | 1.95%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                             | SAN MATEO CNTY CA CMNTY CLG DIST                                    | CUSIP: 799038EJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1857724.60   | 1.29%             | 2027-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Somerville MA                                                   | SOMERVILLE MA                                                       | CUSIP: 8352404V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1017220.30   | 0.70%             | 2033-10-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                           | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                        | CUSIP: 514350AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $216406.49    | 0.15%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                       | INDIANA ST HSG & CMNTY DEV AUTH SF MTGE REVENUE                     | CUSIP: 45505TYE5<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    905000 | PA      | $929742.07    | 0.64%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                              | SOUTH DAKOTA ST HSG DEV AUTH                                        | CUSIP: 83756LAC9<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    985000 | PA      | $1065630.92   | 0.74%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | NEW YORK NY                                                         | CUSIP: 64966MQW2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2073506.37   | 1.43%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Malibu CA                                                       | MALIBU CA COPS                                                      | CUSIP: 56117PGE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225257.47    | 0.16%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                               | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                         | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1116423.56   | 0.77%             | 2045-11-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Town of Belmont MA                                                      | BELMONT MA                                                          | CUSIP: 080401RX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $464620.25    | 0.32%             | 2035-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                   | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                | CUSIP: 13034A5B2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2986292.40   | 2.07%             | 2029-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Malibu CA                                                       | MALIBU CA COPS                                                      | CUSIP: 56117PGD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275373.07    | 0.19%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority             | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                     | CUSIP: 20775DYS5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109573.00   | 1.46%             | 2049-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                      | AUSTIN TX INDEP SCH DIST                                            | CUSIP: 052430QU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $664975.73    | 0.46%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Braintree MA                                                    | BRAINTREE MA                                                        | CUSIP: 1050255Q9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $707742.22    | 0.49%             | 2031-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                | CUSIP: 60635H3V9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    475000 | PA      | $492298.17    | 0.34%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Gaston NC                                                     | GASTON CNTY NC                                                      | CUSIP: 367298ZS8<br>LEI: 549300RQ7QXM9RXM7Z26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6635120.40   | 4.59%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wylie Independent School District                                       | WYLIE TX INDEP SCH DIST                                             | CUSIP: 9830685Y9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5675000 | PA      | $5411817.90   | 3.75%             | 2041-08-15      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| County of Orange NC                                                     | ORANGE CNTY NC                                                      | CUSIP: 684609WA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1067267.93   | 0.74%             | 2036-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                | CUSIP: 60635H3U1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    590000 | PA      | $608206.16    | 0.42%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                | MECKLENBURG CNTY NC                                                 | CUSIP: 584002B32<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2253981.00   | 1.56%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                  | CENTER CITY MN HLTH CARE FACSREVENUE                                | CUSIP: 151452CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $324540.21    | 0.22%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                             | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756QG50<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    210000 | PA      | $151094.16    | 0.10%             | 2040-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                           | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                        | CUSIP: 514350AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $197420.89    | 0.14%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Somerville MA                                                   | SOMERVILLE MA                                                       | CUSIP: 8352404U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $2886686.45   | 2.00%             | 2032-10-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                            | PENNSYLVANIA ST                                                     | CUSIP: 70914PR95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2055317.68   | 1.42%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                           | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND                | CUSIP: 88285ABB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037438.40   | 0.72%             | 2037-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                       | WAKE CNTY NC                                                        | CUSIP: 930864JU8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1195752.12   | 0.83%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                   | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                    | CUSIP: 20775HXT5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2612074.50   | 1.81%             | 2052-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                             | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756QG68<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    460000 | PA      | $313791.44    | 0.22%             | 2045-09-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                 | MONTGOMERY CNTY MD                                                  | CUSIP: 6133407Q5<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1350828.57   | 0.93%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                  | CALIFORNIA ST MUNI FIN AUTH REVENUE                                 | CUSIP: 13048V2E7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263069.40    | 0.18%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                  | ILLINOIS ST HSG DEV AUTH REVENUE                                    | CUSIP: 45203MKB6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1330905.87   | 0.92%             | 2052-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Rancho Santiago Community College District                              | RANCHO SANTIAGO CA CMNTY CLG DIST                                   | CUSIP: 752147FJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1793441.40   | 1.24%             | 2028-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                   | NEW MEXICO ST MTGE FIN AUTH                                         | CUSIP: 647201FV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $271934.76    | 0.19%             | 2039-07-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                             | VIRGINIA ST SMALL BUSINESS FING AUTH RSDL FAC CARE REVENUE          | CUSIP: 928103AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037003.40   | 0.72%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                           | MASSACHUSETTS ST                                                    | CUSIP: 57582TDA7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3412733.10   | 2.36%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                       | WAKE CNTY NC                                                        | CUSIP: 930864HA4<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    830000 | PA      | $894567.36    | 0.62%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                    | COLORADO ST HLTH FACS AUTH REVENUE                                  | CUSIP: 19648FYN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2121650.00   | 1.47%             | 2059-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                 | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE                | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3215519.10   | 2.23%             | 2053-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Rutherford TN                                                 | RUTHERFORD CNTY TN                                                  | CUSIP: 783244KA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1591326.00   | 1.10%             | 2033-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                             | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756Q2H9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    865000 | PA      | $909070.54    | 0.63%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue            | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE               | CUSIP: 575579E37<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013368.00   | 0.70%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                       | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                     | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2951105.70   | 2.04%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                    | CONNECTICUT ST                                                      | CUSIP: 20772KZV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534613.60    | 0.37%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                             | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                   | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042718.70   | 0.72%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                           | MASSACHUSETTS ST                                                    | CUSIP: 57582RRK4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2784073.05   | 1.93%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                 | NORTH CAROLINA ST                                                   | CUSIP: 6582564N9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1070885.25   | 0.74%             | 2033-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Frisco TX                                                       | FRISCO TX                                                           | CUSIP: 358776ZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $212924.18    | 0.15%             | 2033-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                  | UNIV OF COLORADO CO ENTERPRISE SYS REVENUE                          | CUSIP: 91417NHV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2130544.80   | 1.47%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                     | CALIFORNIA ST                                                       | CUSIP: 13063DBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $637396.56    | 0.44%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                             | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                               | CUSIP: 67756QZV2<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    465000 | PA      | $362312.05    | 0.25%             | 2049-09-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Angleton Independent School District                                    | ANGLETON TX INDEP SCH DIST                                          | CUSIP: 034825U23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $241272.97    | 0.17%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                   | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                    | CUSIP: 20775HYY3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1900731.16   | 1.32%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                        | SAINT JOHN THE BAPTIST PARISH LA REVENUE                            | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983810.50    | 0.68%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   8279859 | NS      | $8279858.81   | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Mountain View-Whisman School District                                   | MOUNTAIN VIEW-WHISMAN CA SCH DIST                                   | CUSIP: 62451FJU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10403.39     | 0.01%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Meramec Valley School District No R-III                                 | MERAMEC VLY MO SCH DIST #R-III                                      | CUSIP: 587335LE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $27202.76     | 0.02%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                       | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY                 | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6288504.00   | 4.35%             | 2054-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                   | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                    | CUSIP: 20775CB78<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 2.08%             | 2048-11-15      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | NEW YORK NY                                                         | CUSIP: 64966Q3M0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1630032.60   | 1.13%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                      | CUSIP: 64971XN61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090712.20   | 0.75%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                     | WASHINGTON ST                                                       | CUSIP: 93974E5W2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091006.90   | 0.76%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Vrain Lakes Metropolitan District No 2                               | ST VRAIN LAKES MET DIST NO 2                                        | CUSIP: 85236GAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65537.82     | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                  | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                        | CUSIP: 64972E3G2<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1485000.00   | 1.03%             | 2050-05-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                       | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE        | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3694594.40   | 2.56%             | 2055-03-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                         | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE              | CUSIP: 882750SX1<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1507610.62   | 1.04%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                    | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE                      | CUSIP: 88046KCG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1841681.31   | 1.27%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                            | FLORIDA ST HSG FIN CORP REVENUE                                     | CUSIP: 34074MUJ8<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    220000 | PA      | $154879.67    | 0.11%             | 2045-07-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Washington County School District No 13 Banks                           | WASHINGTON CNTY OR SCH DIST #13 BANKS                               | CUSIP: 938350FN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $328211.68    | 0.23%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                    | DIST OF COLUMBIA                                                    | CUSIP: 25476FXV5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5093071.00   | 3.52%             | 2044-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                     | CALIFORNIA ST                                                       | CUSIP: 13063DZ43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78878.06     | 0.05%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Malibu CA                                                       | MALIBU CA COPS                                                      | CUSIP: 56117PGF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375381.38    | 0.26%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                   | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE                      | CUSIP: 63968MG78<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1488281.55   | 1.03%             | 2052-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of New York                                                       | NEW YORK ST                                                         | CUSIP: 649791TK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5841716.48   | 4.04%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                | CUSIP: 60635H3R8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    480000 | PA      | $483325.54    | 0.33%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jacinto Community College District                                  | SAN JACINTO TX CMNTY CLG DIST                                       | CUSIP: 798025PX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2293861.05   | 1.59%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                    | CONNECTICUT ST                                                      | CUSIP: 20772KC31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $640137.01    | 0.44%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                       | WAKE CNTY NC                                                        | CUSIP: 930864LJ0<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4004911.40   | 2.77%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-23

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer