# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-25-161294
**Filing Date:** 2025-6
**Character Count:** 265275
**Document Hash:** 11627ed7ff0200c8d018f1fe5a62645e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-161294.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-161294

**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**: 20250731

**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:** 251083045

**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 Municipal Opportunities Fund (Series ID: S000032714)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000100969 | Eaton Vance Municipal Opportunities Fund Class A | EMOAX           |
| C000100970 | Eaton Vance Municipal Opportunities Fund Class C | EMOCX           |
| C000100971 | Eaton Vance Municipal Opportunities Fund Class I | EMOIX           |

## Nport-Ex

Eaton Vance<br>

Municipal Opportunities Fund

April 30, 2025

Portfolio of Investments (Unaudited)

------

Tax-Exempt Mortgage-Backed Securities — 0.1%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing — 0.1% | Housing — 0.1% | Housing — 0.1% |
| FRETE 2017-ML01 Trust, (Freddie Mac guaranteed), 4.95%, (30-day SOFR Average + 0.50%), 1/25/33<sup>(1)(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp;$439646 |
| Total Tax-Exempt Mortgage-Backed Securities<br> (identified cost $439,755) |  | &nbsp;&nbsp;**$439646** |

---

Tax-Exempt Municipal Obligations — 93.2%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 0.5% | Bond Bank — 0.5% | Bond Bank — 0.5% |
| Oklahoma Water Resources Board, (State Loan Program), 4.00%, 10/1/44 | $3145 | &nbsp;&nbsp;$2935063 |
| Virginia Resources Authority, (Pooled Financing Program), 5.25%, 11/1/47 | &nbsp;&nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;&nbsp;&nbsp; 653214 |
|  |  | &nbsp;&nbsp;**$3588277** |
| Education — 6.4% | Education — 6.4% | Education — 6.4% |
| Adams County General Authority, PA, (Gettysburg College): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/15/45 | $&nbsp;&nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;$95007 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/15/50 | &nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp; 153656 |
| Capital Trust Agency, FL, (Florida Charter Educational Foundation, Inc.), 4.50%, 6/15/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp; 339233 |
| Clemson University, SC: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp; 208092 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp; 499036 |
| Connecticut Health and Educational Facilities Authority, (Wesleyan University), 3.32%, 7/1/40<sup>(3)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
| Florence County, SC, (Savannah Grove Infrastructure), 5.25%, 12/1/53 | 2300 | &nbsp;&nbsp;&nbsp;&nbsp; 2354253 |
| Kansas Development Finance Authority, (Kansas State University), 3.00%, 4/1/38 | 2315 | &nbsp;&nbsp;&nbsp;&nbsp; 1978460 |
| Kent State University, OH, 5.00%, 5/1/37 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3280616 |
| Maryland Health and Higher Educational Facilities Authority, (Loyola University Maryland): |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 10/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;&nbsp;&nbsp; 343060 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;830 | &nbsp;&nbsp;&nbsp;&nbsp; 853405 |
| Massachusetts Development Finance Agency, (Worcester Polytechnic Institute), 5.00%, 9/1/59 | 3095 | &nbsp;&nbsp;&nbsp;&nbsp; 3095124 |
| Metropolitan Government of Nashville and Davidson County Health and Educational Facilities Board, TN, (Belmont University), 4.00%, 5/1/51 | 1960 | &nbsp;&nbsp;&nbsp;&nbsp; 1655380 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education (continued) | Education (continued) | Education (continued) |
| Michigan Finance Authority, (Cesar Chavez Academy), 5.00%, 2/1/33 | $&nbsp;&nbsp;&nbsp;&nbsp;830 | &nbsp;&nbsp;$838806 |
| Pinellas County Educational Facilities Authority, FL, (Pinellas Academy of Math and Science): |  |  |
| &nbsp;&nbsp;&nbsp;4.125%, 12/15/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp; 307339 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/15/38<sup>(1)</sup> | 2690 | &nbsp;&nbsp;&nbsp;&nbsp; 2669151 |
| Public Finance Authority, WI, (North Carolina Leadership Academy): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/39<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp; 134768 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/49<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;&nbsp; 239480 |
| Public Finance Authority, WI, (Roseman University of Health Sciences): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/40<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;795 | &nbsp;&nbsp;&nbsp;&nbsp; 775296 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/50<sup>(1)</sup> | 1060 | &nbsp;&nbsp;&nbsp;&nbsp; 976645 |
| Public Finance Authority, WI, (Triad Math and Science Academy Co.), 5.25%, 6/15/45 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp; 1135060 |
| Sierra Vista Industrial Development Authority, AZ, (American Leadership Academy), 5.00%, 6/15/44<sup>(1)</sup> | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1440102 |
| Southcentral Pennsylvania General Authority, (York College of Pennsylvania), 5.25%, 5/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp; 79912 |
| Texas Tech University System, 4.00%, 2/15/43 | 3850 | &nbsp;&nbsp;&nbsp;&nbsp; 3688611 |
| University of Alabama: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 6/1/38 | 1280 | &nbsp;&nbsp;&nbsp;&nbsp; 1070557 |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/43 | 2885 | &nbsp;&nbsp;&nbsp;&nbsp; 2713763 |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp; 78667 |
| University of California: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/38 | 1955 | &nbsp;&nbsp;&nbsp;&nbsp; 2167017 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/40 | 3750 | &nbsp;&nbsp;&nbsp;&nbsp; 4102834 |
| University of Delaware, (SPA: TD Bank, N.A.), 2.50%, 11/1/37<sup>(4)</sup> | 3200 | &nbsp;&nbsp;&nbsp;&nbsp; 3200000 |
| University of Texas System, 4.00%, 7/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp; 223720 |
| Washington Housing Finance Commission, (Evergreen School), 4.50%, 7/1/55 | 2755 | &nbsp;&nbsp;&nbsp;&nbsp; 2494909 |
|  |  | &nbsp;&nbsp;**$44191959** |
| Electric Utilities — 1.5% | Electric Utilities — 1.5% | Electric Utilities — 1.5% |
| Lower Colorado River Authority, TX, (LCRA Transmission Services Corp.), 5.25%, 5/15/36 | $1000 | &nbsp;&nbsp;$1088786 |
| Mesa, AZ, Utility Systems Revenue, 4.00%, 7/1/37 | 1185 | &nbsp;&nbsp;&nbsp;&nbsp; 1115844 |
| Missouri Joint Municipal Electric Utility Commission, (MoPEP Facilities), Green Bonds, 5.25%, 12/1/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1077563 |
| South Carolina Public Service Authority: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/39 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1571203 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1032725 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/33 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2207917 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/34 | 1940 | &nbsp;&nbsp;&nbsp;&nbsp; 2131070 |
|  |  | &nbsp;&nbsp;**$10225108** |

---

------

Eaton Vance<br>

Municipal Opportunities Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Escrowed/Prerefunded — 0.1% | Escrowed/Prerefunded — 0.1% | Escrowed/Prerefunded — 0.1% |
| Illinois Finance Authority, (Plymouth Place, Inc.), Escrowed to Maturity, 5.00%, 5/15/25 | $&nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;$355181 |
| Public Finance Authority, WI, (Roseman University of Health Sciences), Prerefunded to 4/1/30, 5.00%, 4/1/50<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp; 53774 |
|  |  | &nbsp;&nbsp;**$408955** |
| General Obligations — 19.5% | General Obligations — 19.5% | General Obligations — 19.5% |
| ABC Unified School District, CA, (Election of 2018), 4.00%, 8/1/47 | $4830 | &nbsp;&nbsp;$4569009 |
| Anne Arundel County, MD, 5.00%, 10/1/46 | 1690 | &nbsp;&nbsp;&nbsp;&nbsp; 1725607 |
| Baldwin County, AL: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 634825 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1052927 |
| Bar Harbor, ME, 5.00%, 9/1/49 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2107057 |
| Berkeley Unified School District, CA, (Election of 2020), 5.00%, 8/1/44 | 2710 | &nbsp;&nbsp;&nbsp;&nbsp; 2879781 |
| Beverly Hills Unified School District, CA, (Election of 2018): |  |  |
| &nbsp;&nbsp;&nbsp;3.25%, 8/1/42 | 2220 | &nbsp;&nbsp;&nbsp;&nbsp; 1936598 |
| &nbsp;&nbsp;&nbsp;3.25%, 8/1/44 | 3840 | &nbsp;&nbsp;&nbsp;&nbsp; 3246463 |
| Bristol, VA, 5.00%, 9/1/27 | 1915 | &nbsp;&nbsp;&nbsp;&nbsp; 1924623 |
| California: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/42 | 6340 | &nbsp;&nbsp;&nbsp;&nbsp; 6448775 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/42 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5319921 |
| Cecil County, MD, 4.50%, 8/1/53 | 2790 | &nbsp;&nbsp;&nbsp;&nbsp; 2712625 |
| Charles County, MD, 4.25%, 10/1/47 | &nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp; 344381 |
| Charter Township of White Lake, MI: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 3/1/42 | 1985 | &nbsp;&nbsp;&nbsp;&nbsp; 2094713 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 725509 |
| Cheshire, CT, 4.00%, 7/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;740 | &nbsp;&nbsp;&nbsp;&nbsp; 725677 |
| Chicago Board of Education, IL: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/35 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1913348 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/35 | 2750 | &nbsp;&nbsp;&nbsp;&nbsp; 2749390 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/39 | 5365 | &nbsp;&nbsp;&nbsp;&nbsp; 5172555 |
| &nbsp;&nbsp;&nbsp;5.50%, 12/1/37 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5215269 |
| Connecticut, 4.00%, 6/15/34 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5006821 |
| Darien, CT, 4.00%, 4/15/39 | 1515 | &nbsp;&nbsp;&nbsp;&nbsp; 1533059 |
| DuPage County School District No. 58, IL, 5.50%, 12/15/43 | 2765 | &nbsp;&nbsp;&nbsp;&nbsp; 3009973 |
| East Longmeadow, MA, 3.00%, 11/1/42 | 1365 | &nbsp;&nbsp;&nbsp;&nbsp; 1098807 |
| Falls Church, VA, 3.00%, 7/15/42 | 1445 | &nbsp;&nbsp;&nbsp;&nbsp; 1161521 |
| Flagstaff Unified School District No. 1, AZ, 4.00%, 7/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;&nbsp;&nbsp; 352463 |
| Francis Howell R-III School District, MO, 2.00%, 3/1/40 | 2410 | &nbsp;&nbsp;&nbsp;&nbsp; 1653816 |
| Frederick County, MD, 4.00%, 4/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;170 | &nbsp;&nbsp;&nbsp;&nbsp; 155126 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Fullerton Joint Union High School District, CA, (Election of 2024), 4.00%, 8/1/54 | $4965 | &nbsp;&nbsp;$4611267 |
| Geary County Unified School District No. 475, KS, 3.00%, 9/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 236929 |
| Grand Prairie Independent School District, TX, (PSF Guaranteed): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 2/15/31 | 1715 | &nbsp;&nbsp;&nbsp;&nbsp; 1715232 |
| &nbsp;&nbsp;&nbsp;4.00%, 2/15/35 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1958757 |
| Grayson County Junior College District, TX, 4.00%, 2/15/49 | 1890 | &nbsp;&nbsp;&nbsp;&nbsp; 1712951 |
| Grosse Pointe Farms, MI: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/41<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;545 | &nbsp;&nbsp;&nbsp;&nbsp; 530542 |
| &nbsp;&nbsp;&nbsp;4.00%, 10/1/42<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;590 | &nbsp;&nbsp;&nbsp;&nbsp; 567566 |
| Guilford County, NC, 4.00%, 3/1/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1921482 |
| Hermiston School District No. 8R, OR, 0.00%, 6/15/43 | 2565 | &nbsp;&nbsp;&nbsp;&nbsp; 1027571 |
| Illinois: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/37 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1880373 |
| &nbsp;&nbsp;&nbsp;5.50%, 5/1/39 | 1980 | &nbsp;&nbsp;&nbsp;&nbsp; 2077387 |
| &nbsp;&nbsp;&nbsp;5.75%, 5/1/45 | 1780 | &nbsp;&nbsp;&nbsp;&nbsp; 1858255 |
| Kenosha County, WI: |  |  |
| &nbsp;&nbsp;&nbsp;1.50%, 9/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp; 398961 |
| &nbsp;&nbsp;&nbsp;1.50%, 9/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp; 310915 |
| Kentfield School District, CA, (Election of 2024), 4.00%, 8/1/48 | 1530 | &nbsp;&nbsp;&nbsp;&nbsp; 1446789 |
| Los Angeles Unified School District, CA, Green Bonds, 5.00%, 7/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;895 | &nbsp;&nbsp;&nbsp;&nbsp; 960038 |
| Lynchburg, VA, 2.375%, 8/1/40 | 1245 | &nbsp;&nbsp;&nbsp;&nbsp; 914202 |
| Mabank Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/49 | 2655 | &nbsp;&nbsp;&nbsp;&nbsp; 2415764 |
| Mandan Public School District No. 1, ND, 3.00%, 8/1/33 | 1225 | &nbsp;&nbsp;&nbsp;&nbsp; 1127928 |
| Manteca Unified School District, CA, (Election of 2020), 5.25%, 8/1/44<sup>(5)</sup> | 1775 | &nbsp;&nbsp;&nbsp;&nbsp; 1936455 |
| Maryland, 3.00%, 8/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp; 148800 |
| Menlo Park City School District, CA, (Election of 2024), 4.00%, 7/1/53 | 2480 | &nbsp;&nbsp;&nbsp;&nbsp; 2313957 |
| Metro, OR, 4.00%, 6/1/43 | 2005 | &nbsp;&nbsp;&nbsp;&nbsp; 1962730 |
| New York, 5.00%, 3/15/39 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5618203 |
| New York, NY, 5.00%, 8/1/32 | 2725 | &nbsp;&nbsp;&nbsp;&nbsp; 3018038 |
| Oregon, 5.00%, 5/15/50<sup>(5)</sup> | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2031766 |
| Oregon City School District No. 62, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/43 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp; 1702963 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/44 | 1875 | &nbsp;&nbsp;&nbsp;&nbsp; 1984989 |
| Pasadena Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/48 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1558967 |
| Pioneer School District No. 402, WA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/38 | 1585 | &nbsp;&nbsp;&nbsp;&nbsp; 1699624 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/39 | 1535 | &nbsp;&nbsp;&nbsp;&nbsp; 1634886 |

---

------

Eaton Vance<br>

Municipal Opportunities Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Portage Community School District, WI: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/44 | $1250 | &nbsp;&nbsp;$1159128 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 524939 |
| Puerto Rico, 0.00%, 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;489 | &nbsp;&nbsp;&nbsp;&nbsp; 328390 |
| Riverside Community College District, CA, (Election of 2024), 4.00%, 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp; 753575 |
| San Luis Coastal Unified School District, CA, (Election of 2022), 4.00%, 8/1/53 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1394834 |
| Sarpy County School District 0037, NE, 5.00%, 12/15/27 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1512295 |
| Spring Lake Public Schools, MI: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/39<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 530364 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/45<sup>(5)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1021582 |
| Thrall Independent School District, TX, (PSF Guaranteed), 5.25%, 2/15/54 | 3250 | &nbsp;&nbsp;&nbsp;&nbsp; 3416673 |
| Warren County School District No. R-III, MO, 5.00%, 3/1/42<sup>(5)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1020326 |
| West Hartford, CT, 4.25%, 1/15/45<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 750827 |
| West Sonoma County Union High School District, CA, (Election of 2018), 5.00%, 8/1/50 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1587138 |
| Williston Basin School District #007, ND, 4.125%, 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp; 23524 |
|  |  | &nbsp;&nbsp;**$134778521** |
| Hospital — 9.2% | Hospital — 9.2% | Hospital — 9.2% |
| Calhoun County Hospital Finance Authority, MI, (Oaklawn Hospital), 5.00%, 2/15/32 | $2110 | &nbsp;&nbsp;$2120691 |
| Connecticut Health and Educational Facilities Authority, (Connecticut Children's Medical Center), 5.25%, 7/15/48 | 1860 | &nbsp;&nbsp;&nbsp;&nbsp; 1920580 |
| Crawford County Hospital Authority, PA, (Meadville Medical Center): |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, 6/1/36 | 2660 | &nbsp;&nbsp;&nbsp;&nbsp; 2685797 |
| &nbsp;&nbsp;&nbsp;6.00%, 6/1/51 | 4715 | &nbsp;&nbsp;&nbsp;&nbsp; 4718798 |
| Darke County, OH, (Wayne HealthCare), 4.00%, 9/1/45 | 3455 | &nbsp;&nbsp;&nbsp;&nbsp; 2765170 |
| Fairfax County Industrial Development Authority, VA, (Inova Health System): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 5/15/48 | &nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;&nbsp; 362297 |
| &nbsp;&nbsp;&nbsp;4.125%, 5/15/54 | 2385 | &nbsp;&nbsp;&nbsp;&nbsp; 2128369 |
| Illinois Finance Authority, (Silver Cross Hospital and Medical Centers), 5.00%, 8/15/28 | 1670 | &nbsp;&nbsp;&nbsp;&nbsp; 1675331 |
| Jefferson County Civic Facility Development Corp., NY, (Samaritan Medical Center): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;505 | &nbsp;&nbsp;&nbsp;&nbsp; 485747 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/1/30 | 1605 | &nbsp;&nbsp;&nbsp;&nbsp; 1529483 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/26 | 1375 | &nbsp;&nbsp;&nbsp;&nbsp; 1381428 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/27 | 1440 | &nbsp;&nbsp;&nbsp;&nbsp; 1447034 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital (continued) | Hospital (continued) | Hospital (continued) |
| Lancaster County Hospital Authority, PA, (Penn State Health), 5.00%, 11/1/41 | $1950 | &nbsp;&nbsp;$1962288 |
| Maricopa County Industrial Development Authority, AZ, (Banner Health): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/44 | 1220 | &nbsp;&nbsp;&nbsp;&nbsp; 1118801 |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/48 | 2865 | &nbsp;&nbsp;&nbsp;&nbsp; 2546452 |
| Michigan Finance Authority, (Henry Ford Health System), 4.00%, 11/15/46 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1731893 |
| Michigan Finance Authority, (McLaren Health Care), 4.00%, 2/15/47 | 6165 | &nbsp;&nbsp;&nbsp;&nbsp; 5544839 |
| Michigan Finance Authority, (Trinity Health Credit Group), 4.00%, 12/1/49 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2589358 |
| Missouri Health and Educational Facilities Authority, (Mercy Health): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/15/47 | 3100 | &nbsp;&nbsp;&nbsp;&nbsp; 2689519 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/15/49 | 2650 | &nbsp;&nbsp;&nbsp;&nbsp; 2249444 |
| Nassau County Local Economic Assistance Corp., NY, (Catholic Health Services of Long Island), 5.00%, 7/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000447 |
| New Jersey Health Care Facilities Financing Authority, (Inspira Health Obligated Group), 5.00%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;470 | &nbsp;&nbsp;&nbsp;&nbsp; 472944 |
| New York Dormitory Authority, (Montefiore Medical Center), 5.25%, 11/1/39 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1184898 |
| Oroville, CA, (Oroville Hospital): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/31 | 1705 | &nbsp;&nbsp;&nbsp;&nbsp; 1412324 |
| &nbsp;&nbsp;&nbsp;5.25%, 4/1/34 | 1700 | &nbsp;&nbsp;&nbsp;&nbsp; 1386068 |
| South Carolina Jobs-Economic Development Authority, (Beaufort Memorial Hospital & South of Broad Healthcare): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp; 463653 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 409943 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp; 381186 |
| Southcentral Pennsylvania General Authority, (Hanover Hospital, Inc.), 5.00%, 12/1/28 | 1550 | &nbsp;&nbsp;&nbsp;&nbsp; 1558063 |
| Spartanburg Regional Health Services District, Inc., SC, 4.00%, 4/15/43 | 3110 | &nbsp;&nbsp;&nbsp;&nbsp; 2792215 |
| Virginia Small Business Financing Authority, (Bon Secours Mercy Health, Inc.), 4.00%, 12/1/49 | 1220 | &nbsp;&nbsp;&nbsp;&nbsp; 1061473 |
| Virginia Small Business Financing Authority, (Sentara Healthcare), 4.00%, 11/1/36 | 1935 | &nbsp;&nbsp;&nbsp;&nbsp; 1899729 |
| Wisconsin Health and Educational Facilities Authority, (Ascension Senior Credit Group): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/15/46 | 3320 | &nbsp;&nbsp;&nbsp;&nbsp; 2868863 |
| &nbsp;&nbsp;&nbsp;Prerefunded to 5/15/26, 4.00%, 11/15/46 | 3220 | &nbsp;&nbsp;&nbsp;&nbsp; 3243819 |
|  |  | &nbsp;&nbsp;**$63788944** |

---

------

Eaton Vance<br>

Municipal Opportunities Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing — 9.9% | Housing — 9.9% | Housing — 9.9% |
| Alabama Housing Finance Authority, SFMR, (FHLMC), (FNMA), (GNMA), 4.45%, 10/1/44 | $1815 | &nbsp;&nbsp;$1785091 |
| Alaska Housing Finance Corp., 4.65%, 6/1/51 | 1445 | &nbsp;&nbsp;&nbsp;&nbsp; 1443570 |
| California Municipal Finance Authority, (CHF-Riverside II, LLC), 5.00%, 5/15/37 | 1825 | &nbsp;&nbsp;&nbsp;&nbsp; 1874050 |
| Connecticut Housing Finance Authority, Social Bonds, 3.00%, 11/15/38 | 1230 | &nbsp;&nbsp;&nbsp;&nbsp; 1034369 |
| Connecticut Housing Finance Authority, (Housing Mortgage Finance): |  |  |
| &nbsp;&nbsp;&nbsp;0.75%, 11/15/27 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1025042 |
| &nbsp;&nbsp;&nbsp;1.10%, 11/15/29 | 3815 | &nbsp;&nbsp;&nbsp;&nbsp; 3270140 |
| Delaware State Housing Authority, (FHLMC), (FNMA), (GNMA), 4.45%, 7/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 195603 |
| Douglas County Housing Authority, GA, (Astoria at Crystal Lake), (FNMA), 4.375%, 4/1/43 | 2925 | &nbsp;&nbsp;&nbsp;&nbsp; 2880543 |
| Georgia Housing and Finance Authority, 2.40%, 12/1/41 | 2120 | &nbsp;&nbsp;&nbsp;&nbsp; 1537107 |
| Louisiana Housing Corp., SFMR, (FHLMC), (FNMA), (GNMA), 4.50%, 12/1/45 | 3510 | &nbsp;&nbsp;&nbsp;&nbsp; 3460543 |
| Maine Housing Authority, Social Bonds, 4.55%, 11/15/44 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp; 1190209 |
| Maricopa County and Phoenix Industrial Development Authorities, AZ: |  |  |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), 4.625%, 9/1/44 | 1365 | &nbsp;&nbsp;&nbsp;&nbsp; 1357472 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), 4.65%, 9/1/44 | 1040 | &nbsp;&nbsp;&nbsp;&nbsp; 1038423 |
| Maryland Community Development Administration, (Villages At Marley Station), Sustainability Bonds, (FNMA), 4.35%, 2/1/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1947227 |
| Maryland Department of Housing and Community Development Administration: |  |  |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 4.55%, 9/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;285 | &nbsp;&nbsp;&nbsp;&nbsp; 282757 |
| &nbsp;&nbsp;&nbsp;Sustainability Bonds, 4.45%, 7/1/44 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp; 3483975 |
| Michigan Housing Development Authority, SFMR: |  |  |
| &nbsp;&nbsp;&nbsp;Social Bonds, 4.35%, 12/1/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1989332 |
| &nbsp;&nbsp;&nbsp;Social Bonds, 4.45%, 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp; 774544 |
| &nbsp;&nbsp;&nbsp;Social Bonds, 4.50%, 12/1/40 | 2600 | &nbsp;&nbsp;&nbsp;&nbsp; 2566292 |
| Missouri Housing Development Commission, (FHLMC), (FNMA), (GNMA), 2.55%, 11/1/40 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1130005 |
| Nebraska Investment Finance Authority: |  |  |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 2024 Series C, 4.55%, 9/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;470 | &nbsp;&nbsp;&nbsp;&nbsp; 465507 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 2024 Series G, 4.55%, 9/1/44 | 1965 | &nbsp;&nbsp;&nbsp;&nbsp; 1946217 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), GNMA), 4.70%, 9/1/49 | 1915 | &nbsp;&nbsp;&nbsp;&nbsp; 1895339 |
| Nevada Housing Division, (FHLMC), (FNMA), GNMA), 4.65%, 10/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 493638 |
| New Mexico Mortgage Finance Authority, (Single Family Mortgage Program), (FHLMC), (FNMA), (GNMA), 3.00%, 7/1/50 | 1090 | &nbsp;&nbsp;&nbsp;&nbsp; 769106 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing (continued) | Housing (continued) | Housing (continued) |
| New York City Housing Development Corp., NY, Sustainable Development Bonds, 2.85%, 11/1/39 | $2975 | &nbsp;&nbsp;$2319348 |
| North Carolina Housing Finance Agency, (FHLMC), (FNMA), (GNMA), 4.35%, 1/1/44 | 1230 | &nbsp;&nbsp;&nbsp;&nbsp; 1222112 |
| North Dakota Housing Finance Agency, Social Bonds, 4.50%, 7/1/43 | 2200 | &nbsp;&nbsp;&nbsp;&nbsp; 2206341 |
| Norwalk Housing Authority, CT, (Monterey Village Apartments), (FNMA), 4.40%, 9/1/42 | 1770 | &nbsp;&nbsp;&nbsp;&nbsp; 1763693 |
| Pennsylvania Housing Finance Agency, SFMR, Social Bonds, 4.45%, 10/1/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1960535 |
| Phoenix Industrial Development Authority, AZ, (Downtown Phoenix Student Housing II, LLC - Arizona State University), 5.00%, 7/1/37 | 1235 | &nbsp;&nbsp;&nbsp;&nbsp; 1231236 |
| Phoenix Industrial Development Authority, AZ, (Downtown Phoenix Student Housing, LLC - Arizona State University), 5.00%, 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp; 360046 |
| Public Finance Authority, WI, (NC A&T Real Estate Foundation, LLC): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/34 | 2560 | &nbsp;&nbsp;&nbsp;&nbsp; 2610649 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/39 | 1595 | &nbsp;&nbsp;&nbsp;&nbsp; 1602879 |
| South Carolina Housing Finance and Development Authority, 4.60%, 7/1/49 | 3800 | &nbsp;&nbsp;&nbsp;&nbsp; 3733984 |
| South Carolina Jobs-Economic Development Authority, (Foothill Affordable Housing Foundation - Paddock Club and Fairways), (FHLMC), 4.00% to 3/1/35 (Put Date), 3/1/62 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2383357 |
| Tennessee Housing Development Agency, (Residential Finance Program), Social Bonds, (FHLMC), (FNMA), (GNMA), 4.45%, 7/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp; 171552 |
| Utah Housing Corp., (Promontory Place Apartments), (FNMA), 4.69%, 2/1/45 | 1735 | &nbsp;&nbsp;&nbsp;&nbsp; 1728137 |
| Vancouver Housing Authority, WA, (Esther Short), 4.50%, 10/1/42 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1983650 |
| Virginia Housing Development Authority, 5.125%, 11/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;380 | &nbsp;&nbsp;&nbsp;&nbsp; 394686 |
| Wyoming Community Development Authority, (Pershing Pointe Apartments), (FNMA MBS-Secured), 4.25%, 2/1/41 | 2835 | &nbsp;&nbsp;&nbsp;&nbsp; 2719677 |
|  |  | &nbsp;&nbsp;**$68227983** |
| Industrial Development Revenue — 4.6% | Industrial Development Revenue — 4.6% | Industrial Development Revenue — 4.6% |
| Houston, TX, (United Airlines, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/15/27 | $2545 | &nbsp;&nbsp;$2556941 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.50%, 7/15/36 | 3750 | &nbsp;&nbsp;&nbsp;&nbsp; 3816877 |
| Luzerne County Industrial Development Authority, PA, (Pennsylvania-American Water Co.), (AMT), 2.45% to 12/3/29 (Put Date), 12/1/39 | 2750 | &nbsp;&nbsp;&nbsp;&nbsp; 2440621 |
| Maine Finance Authority, (Casella Waste Systems, Inc.), (AMT), 5.125% to 8/1/25 (Put Date), 8/1/35<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;940 | &nbsp;&nbsp;&nbsp;&nbsp; 936448 |

---

------

Eaton Vance<br>

Municipal Opportunities Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Industrial Development Revenue (continued) | Industrial Development Revenue (continued) | Industrial Development Revenue (continued) |
| National Finance Authority, NH, (Covanta), Green Bonds, (AMT), 3.75% to 7/2/40 (Put Date), 7/1/45<sup>(1)</sup> | $5500 | &nbsp;&nbsp;$4520767 |
| New Jersey Economic Development Authority, (Continental Airlines), (AMT), 5.625%, 11/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp; 215029 |
| New Jersey Economic Development Authority, (New Jersey Natural Gas Co.), (AMT), 2.45% to 4/1/26 (Put Date), 4/1/59 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2469479 |
| New York State Environmental Facilities Corp., (Casella Waste Systems, Inc.), (AMT), 2.875% to 12/3/29 (Put Date), 12/1/44<sup>(1)</sup> | 1175 | &nbsp;&nbsp;&nbsp;&nbsp; 1101874 |
| New York Transportation Development Corp., (Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 1/1/34 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5041455 |
| &nbsp;&nbsp;&nbsp;(AMT), 6.00%, 4/1/35 | 1385 | &nbsp;&nbsp;&nbsp;&nbsp; 1512078 |
| Public Finance Authority, WI, (Celanese Corp.), (AMT), 5.00%, 12/1/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000703 |
| Public Finance Authority, WI, (Waste Management, Inc.), (AMT), 1.10% to 6/1/26 (Put Date), 7/1/29 | 6500 | &nbsp;&nbsp;&nbsp;&nbsp; 6274850 |
|  |  | &nbsp;&nbsp;**$31887122** |
| Insured - Education — 1.1% | Insured - Education — 1.1% | Insured - Education — 1.1% |
| College of Charleston, SC, (AGC), 4.25%, 4/1/45 | $4655 | &nbsp;&nbsp;$4488810 |
| Louisiana Local Government Environmental Facilities and Community Development Authority, (Calcasieu Parish School), (BAM), 4.00%, 12/1/44 | 2585 | &nbsp;&nbsp;&nbsp;&nbsp; 2287688 |
| Western Michigan University, (AGC), 5.00%, 11/15/45<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;760 | &nbsp;&nbsp;&nbsp;&nbsp; 790596 |
|  |  | &nbsp;&nbsp;**$7567094** |
| Insured - Electric Utilities — 0.3% | Insured - Electric Utilities — 0.3% | Insured - Electric Utilities — 0.3% |
| Puerto Rico Electric Power Authority: |  |  |
| &nbsp;&nbsp;&nbsp;(AGC), 5.00%, 7/1/26 | $&nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;$279451 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;170 | &nbsp;&nbsp;&nbsp;&nbsp; 169822 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/29 | 1110 | &nbsp;&nbsp;&nbsp;&nbsp; 1082052 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp; 517899 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.25%, 7/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp; 96533 |
|  |  | &nbsp;&nbsp;**$2145757** |
| Insured - General Obligations — 4.3% | Insured - General Obligations — 4.3% | Insured - General Obligations — 4.3% |
| Arnolds Park, IA, (AGC), 4.75%, 6/1/45<sup>(5)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$245845 |
| Bassett Unified School District, CA, (Election of 2020): |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 5.25%, 8/1/50 | 1635 | &nbsp;&nbsp;&nbsp;&nbsp; 1752406 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.25%, 8/1/54 | 2270 | &nbsp;&nbsp;&nbsp;&nbsp; 2422834 |
| Bromley Park Metropolitan District No. 3, CO, (AGC), 4.00%, 12/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 890192 |
| Cameron School District, WI, (BAM), 4.00%, 4/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp; 471321 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - General Obligations (continued) | Insured - General Obligations (continued) | Insured - General Obligations (continued) |
| Chicago Board of Education, IL: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 0.00%, 12/1/26 | $1580 | &nbsp;&nbsp;$1481789 |
| &nbsp;&nbsp;&nbsp;(NPFG), 0.00%, 12/1/28 | 1560 | &nbsp;&nbsp;&nbsp;&nbsp; 1342178 |
| Colfax County School District No. 58, NE, (AGC), 4.25%, 12/15/45 | 1630 | &nbsp;&nbsp;&nbsp;&nbsp; 1552673 |
| Fort Bend County Municipal Management District No. 1, TX, (AGC), 3.50%, 9/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;810 | &nbsp;&nbsp;&nbsp;&nbsp; 633922 |
| Generation Park Management District, TX, (AGC), 3.50%, 9/1/45 | 4430 | &nbsp;&nbsp;&nbsp;&nbsp; 3579328 |
| Harris County Municipal Utility District No. 165, TX, (BAM), 3.375%, 3/1/44 | 2370 | &nbsp;&nbsp;&nbsp;&nbsp; 1933807 |
| Harris County Municipal Utility District No. 55, TX, (AGC), 3.00%, 2/1/42 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1066371 |
| Mount Horeb Area School District, WI, (AGC), 4.00%, 3/1/42 | 2285 | &nbsp;&nbsp;&nbsp;&nbsp; 2162007 |
| Mountain View School District, CA, (Election of 2020), (BAM), 5.00%, 8/1/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1058941 |
| North Platte, NE: |  |  |
| &nbsp;&nbsp;&nbsp;(AGC), 4.00%, 12/15/38<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 487617 |
| &nbsp;&nbsp;&nbsp;(AGC), 4.375%, 12/15/41<sup>(5)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 982860 |
| Raindance Metropolitan District No. 2, CO: |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 4.00%, 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp; 775478 |
| &nbsp;&nbsp;&nbsp;(BAM), 4.00%, 12/1/49 | 1855 | &nbsp;&nbsp;&nbsp;&nbsp; 1586982 |
| St. Clair County School District No. 118, IL, (BAM), 5.50%, 12/1/39<sup>(5)</sup> | 1525 | &nbsp;&nbsp;&nbsp;&nbsp; 1653422 |
| Stratford, CT, (BAM), 4.00%, 1/1/36 | 1185 | &nbsp;&nbsp;&nbsp;&nbsp; 1178406 |
| Waterstone Metropolitan District No. 1, CO: |  |  |
| &nbsp;&nbsp;&nbsp;(AGC), 5.25%, 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 523063 |
| &nbsp;&nbsp;&nbsp;(AGC), 5.25%, 12/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp; 428789 |
| West Baton Rouge Parish School Board, LA, (AGC), 5.25%, 3/1/45 | 1800 | &nbsp;&nbsp;&nbsp;&nbsp; 1899508 |
|  |  | &nbsp;&nbsp;**$30109739** |
| Insured - Hospital — 0.9% | Insured - Hospital — 0.9% | Insured - Hospital — 0.9% |
| Grand Forks, ND, (Altru Health System), (AGM), 3.00%, 12/1/51 | $2500 | &nbsp;&nbsp;$1716255 |
| Virginia Commonwealth University Health System Authority, (BAM), 4.00%, 7/1/54 | 4805 | &nbsp;&nbsp;&nbsp;&nbsp; 4411627 |
|  |  | &nbsp;&nbsp;**$6127882** |
| Insured - Lease Revenue/Certificates of Participation — 0.2% | Insured - Lease Revenue/Certificates of Participation — 0.2% | Insured - Lease Revenue/Certificates of Participation — 0.2% |
| Missouri Development Finance Board, (City of Independence - Public Safety): |  |  |
| &nbsp;&nbsp;&nbsp;(AGC), 5.00%, 12/1/37<sup>(5)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;$709612 |
| &nbsp;&nbsp;&nbsp;(AGC), 5.00%, 12/1/38<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 634483 |
|  |  | &nbsp;&nbsp;**$1344095** |

---

------

Eaton Vance<br>

Municipal Opportunities Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Special Tax Revenue — 0.8% | Insured - Special Tax Revenue — 0.8% | Insured - Special Tax Revenue — 0.8% |
| Anne Arundel County, MD, (The Village at Two Rivers), (AGC), 4.25%, 7/1/44 | $&nbsp;&nbsp;&nbsp;&nbsp;455 | &nbsp;&nbsp;$428786 |
| Centerton, AR, Sales and Use Tax Revenue, (AGC), 4.125%, 11/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 143353 |
| Sales Tax Securitization Corp., IL, (BAM), 5.00%, 1/1/37 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4179511 |
| Sheldon Community School District, IA, (BAM), 5.00%, 6/1/43<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 606430 |
|  |  | &nbsp;&nbsp;**$5358080** |
| Insured - Transportation — 1.2% | Insured - Transportation — 1.2% | Insured - Transportation — 1.2% |
| Allegheny County Airport Authority, PA, (Pittsburgh International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AGM), (AMT), 4.00%, 1/1/46 | $5000 | &nbsp;&nbsp;$4408314 |
| &nbsp;&nbsp;&nbsp;(AGM), (AMT), 5.25%, 1/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp; 953378 |
| Houston, TX, Airport System Revenue, (AGM), (AMT), 5.00%, 7/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1038925 |
| New Jersey Economic Development Authority, (The Goethals Bridge Replacement), (AGM), (AMT), 5.00%, 1/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;185 | &nbsp;&nbsp;&nbsp;&nbsp; 185628 |
| New York Transportation Development Corp., (LaGuardia Airport Terminal B Redevelopment), (AGM), (AMT), 4.00%, 7/1/32 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1999685 |
|  |  | &nbsp;&nbsp;**$8585930** |
| Insured - Water and Sewer — 1.0% | Insured - Water and Sewer — 1.0% | Insured - Water and Sewer — 1.0% |
| Bennett, CO, Wastewater Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;(AGC), 4.125%, 12/1/49 | $2195 | &nbsp;&nbsp;$2048890 |
| &nbsp;&nbsp;&nbsp;(AGC), 5.00%, 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp; 877242 |
| Chisholm Creek Utility Authority, KS, (Cities of Bel Aire and Park City), Water and Wastewater Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;(AGC), 4.00%, 9/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp; 306357 |
| &nbsp;&nbsp;&nbsp;(AGC), 4.00%, 9/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;615 | &nbsp;&nbsp;&nbsp;&nbsp; 559144 |
| Hot Springs, AR, Wastewater Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, (BAM), 4.125%, 12/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 705145 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (BAM), 4.375%, 12/1/50 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1425419 |
| Southwestern Pennsylvania Water Authority, (AGM), 3.00%, 9/15/32 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 917586 |
|  |  | &nbsp;&nbsp;**$6839783** |
| Lease Revenue/Certificates of Participation — 1.4% | Lease Revenue/Certificates of Participation — 1.4% | Lease Revenue/Certificates of Participation — 1.4% |
| Eagle County, CO: |  |  |
| &nbsp;&nbsp;&nbsp;4.375%, 12/1/49 | $&nbsp;&nbsp;&nbsp;&nbsp;655 | &nbsp;&nbsp;$639188 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/44 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp; 1276188 |
| Hancock County Redevelopment Authority, IN, 4.125%, 2/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp; 692280 |
| Iredell County, NC, 4.00%, 4/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 237883 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) |
| Knightdale, NC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/41 | $&nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;$304967 |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;570 | &nbsp;&nbsp;&nbsp;&nbsp; 548005 |
| Oklahoma Development Finance Authority, 4.00%, 6/1/43 | 3545 | &nbsp;&nbsp;&nbsp;&nbsp; 3290649 |
| Pennsylvania, 5.00%, 7/1/43 | 2160 | &nbsp;&nbsp;&nbsp;&nbsp; 2187838 |
| Will and Kankakee Counties Community Unit School District No. 255-U, IL, 5.00%, 6/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 700950 |
|  |  | &nbsp;&nbsp;**$9877948** |
| Other Revenue — 4.1% | Other Revenue — 4.1% | Other Revenue — 4.1% |
| Black Belt Energy Gas District, AL: |  |  |
| &nbsp;&nbsp;&nbsp;3.99%, (SIFMA + 0.37%), 10/1/26 (Put Date), 10/1/49<sup>(2)</sup> | $5000 | &nbsp;&nbsp;$4895989 |
| &nbsp;&nbsp;&nbsp;5.50% to 2/1/29 (Put Date), 6/1/49 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2615416 |
| California Community Choice Financing Authority, Clean Energy Project Revenue, Green Bonds, 5.00% to 12/1/32 (Put Date), 1/1/55 | 4930 | &nbsp;&nbsp;&nbsp;&nbsp; 5087606 |
| California Infrastructure and Economic Development Bank, (Los Angeles County Museum of Art), 4.32%, (SIFMA + 0.70%), 6/1/26 (Put Date), 12/1/50<sup>(2)</sup> | 2300 | &nbsp;&nbsp;&nbsp;&nbsp; 2292644 |
| Cleveland-Cuyahoga County Port Authority, OH, (Playhouse Square Foundation), 5.00%, 12/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;720 | &nbsp;&nbsp;&nbsp;&nbsp; 729518 |
| Kalispel Tribe of Indians, WA: |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 1/1/32<sup>(1)</sup> | 1455 | &nbsp;&nbsp;&nbsp;&nbsp; 1476777 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 1/1/32<sup>(1)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1014967 |
| Main Street Natural Gas, Inc., GA, Gas Supply Revenue, 5.00% to 12/1/30 (Put Date), 5/1/54 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2075018 |
| Morongo Band of Mission Indians, CA, 5.00%, 10/1/42<sup>(1)</sup> | 1775 | &nbsp;&nbsp;&nbsp;&nbsp; 1779526 |
| Public Finance Authority, WI, (Inperium, Inc.), 5.00%, 12/1/34<sup>(1)</sup> | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1757039 |
| Southeast Energy Authority, AL: |  |  |
| &nbsp;&nbsp;&nbsp;5.00% to 2/1/31 (Put Date), 5/1/55 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1309172 |
| &nbsp;&nbsp;&nbsp;5.00% to 6/1/35 (Put Date), 1/1/56 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 512838 |
| Texas Municipal Gas Acquisition and Supply Corp. I, Gas Supply Revenue, 3.756%, (67% of 3 mo. SOFR + 0.70%), 12/15/26<sup>(2)</sup> | 1675 | &nbsp;&nbsp;&nbsp;&nbsp; 1672716 |
| Texas Municipal Gas Acquisition and Supply Corp. II, Gas Supply Revenue, 3.70%, (66% of 3 mo. SOFR + 0.863%), 9/15/27<sup>(2)</sup> | 1020 | &nbsp;&nbsp;&nbsp;&nbsp; 1020217 |
|  |  | &nbsp;&nbsp;**$28239443** |
| Senior Living/Life Care — 8.5% | Senior Living/Life Care — 8.5% | Senior Living/Life Care — 8.5% |
| Arizona Industrial Development Authority, AZ, (Mirabella at ASU), 5.35% to 1/1/27 (Put Date), 10/1/28<sup>(1)</sup> | $2525 | &nbsp;&nbsp;$2363208 |
| Buffalo and Erie County Industrial Land Development Corp., NY, (Orchard Park CCRC, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/26 | 1730 | &nbsp;&nbsp;&nbsp;&nbsp; 1737071 |

---

------

Eaton Vance<br>

Municipal Opportunities 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) |
| Buffalo and Erie County Industrial Land Development Corp., NY, (Orchard Park CCRC, Inc.): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/27 | $1320 | &nbsp;&nbsp;$1325479 |
| Centerville, OH, (Graceworks Lutheran Services): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;770 | &nbsp;&nbsp;&nbsp;&nbsp; 769024 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp;&nbsp; 324280 |
| Clackamas County Hospital Facility Authority, OR, (Rose Villa): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 302248 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp; 317312 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp; 332367 |
| &nbsp;&nbsp;&nbsp;5.375%, 11/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 280741 |
| Colorado Health Facilities Authority, (Christian Living Neighborhoods), 4.00%, 1/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 590645 |
| Colorado Health Facilities Authority, (Frasier Meadows Retirement Community): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 299954 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp; 350865 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 402434 |
| District of Columbia, (Ingleside at Rock Creek), 4.125%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp; 526514 |
| Franklin County Industrial Development Authority, PA, (Menno-Haven, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 500004 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp; 348655 |
| Glendale Industrial Development Authority, AZ, (Terraces of Phoenix), 4.00%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp; 174687 |
| Howard County, MD, (Vantage House): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp; 344233 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/36 | 2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1951025 |
| Illinois Finance Authority, (Lifespace Communities, Inc.), 5.00%, 5/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp; 370054 |
| Illinois Finance Authority, (Presbyterian Homes Obligated Group), 4.32%, (SIFMA + 0.70%), 5/1/26 (Put Date), 5/1/42<sup>(2)</sup> | 1090 | &nbsp;&nbsp;&nbsp;&nbsp; 1081443 |
| Lancaster County Hospital Authority, PA, (Brethren Village), 5.00%, 7/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp; 649154 |
| Massachusetts Development Finance Agency, (Linden Ponds, Inc.), 5.00%, 11/15/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;990 | &nbsp;&nbsp;&nbsp;&nbsp; 1025528 |
| Missouri Health and Educational Facilities Authority, (Lutheran Senior Services), 4.00%, 2/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp; 293176 |
| Montgomery County Industrial Development Authority, PA, (Waverly Heights, Ltd.): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 197915 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 147903 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 195849 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp; 97186 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 192648 |

---

---

| | | |
|:---|:---|:---|
| **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) |
| Montgomery County Industrial Development Authority, PA, (Waverly Heights, Ltd.): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/35 | $&nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;$334634 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp; 331021 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 371119 |
| Montgomery County Industrial Development Authority, PA, (Whitemarsh Continuing Care Retirement Community), 5.00%, 1/1/33 | 1890 | &nbsp;&nbsp;&nbsp;&nbsp; 1860770 |
| National Finance Authority, NH, (The Vista): |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 7/1/39<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;&nbsp;&nbsp; 878738 |
| &nbsp;&nbsp;&nbsp;5.75%, 7/1/54<sup>(1)</sup> | 1725 | &nbsp;&nbsp;&nbsp;&nbsp; 1610051 |
| New Hope Cultural Education Facilities Finance Corp., TX, (Bella Vida Forefront Living), 5.25%, 10/1/30 | 1280 | &nbsp;&nbsp;&nbsp;&nbsp; 1266935 |
| New Hope Cultural Education Facilities Finance Corp., TX, (Longhorn Village): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/26 | 1040 | &nbsp;&nbsp;&nbsp;&nbsp; 1041188 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/27 | 1095 | &nbsp;&nbsp;&nbsp;&nbsp; 1101205 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/29 | 1205 | &nbsp;&nbsp;&nbsp;&nbsp; 1211723 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp; 633465 |
| New Mexico Hospital Equipment Loan Council, (Haverland Carter Lifestyle Group): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;430 | &nbsp;&nbsp;&nbsp;&nbsp; 430901 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;285 | &nbsp;&nbsp;&nbsp;&nbsp; 283685 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp; 192722 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/39 | 2450 | &nbsp;&nbsp;&nbsp;&nbsp; 2347733 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/49 | 3020 | &nbsp;&nbsp;&nbsp;&nbsp; 2668246 |
| Norfolk Redevelopment and Housing Authority, VA, (Fort Norfolk Retirement Community, Inc. - Harbor's Edge), 4.00%, 1/1/29 | 1090 | &nbsp;&nbsp;&nbsp;&nbsp; 1057585 |
| Palm Beach County Health Facilities Authority, FL, (Lifespace Communities, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp; 255034 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 300036 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;775 | &nbsp;&nbsp;&nbsp;&nbsp; 784799 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp; 657733 |
| Public Finance Authority, WI, (Penick Village), 5.00%, 9/1/39<sup>(1)</sup> | 1540 | &nbsp;&nbsp;&nbsp;&nbsp; 1490248 |
| Santa Fe, NM, (El Castillo Retirement Residences): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/34 | 1195 | &nbsp;&nbsp;&nbsp;&nbsp; 1208902 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/39 | &nbsp;&nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp;&nbsp;&nbsp; 472346 |
| South Carolina Jobs-Economic Development Authority, (Bishop Gadsden Episcopal Retirement Community), 4.00%, 4/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 583310 |
| South Carolina Jobs-Economic Development Authority, (South Carolina Episcopal Home at Still Hopes): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/28 | 1675 | &nbsp;&nbsp;&nbsp;&nbsp; 1687565 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1007631 |

---

------

Eaton Vance<br>

Municipal Opportunities 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) |
| St. Louis County Industrial Development Authority, MO, (Friendship Village of St. Louis Obligated Group), 5.00%, 9/1/27 | $1930 | &nbsp;&nbsp;$1961295 |
| St. Louis County Industrial Development Authority, MO, (St. Andrew's Resources for Seniors Obligated Group), 5.00%, 12/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp; 214098 |
| Suffolk County Economic Development Corp., NY, (Peconic Landing at Southold, Inc.), 5.00%, 12/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 507776 |
| Tarrant County Cultural Education Facilities Finance Corp., TX, (MRC Stevenson Oaks), 6.875%, 11/15/55 | 4650 | &nbsp;&nbsp;&nbsp;&nbsp; 4019334 |
| Tulsa County Industrial Authority, OK, (Montereau, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp; 543918 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 403508 |
| Vermont Economic Development Authority, (Wake Robin Corp.): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;745 | &nbsp;&nbsp;&nbsp;&nbsp; 745000 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp; 586078 |
| Virginia Beach Development Authority, VA, (Westminster-Canterbury on Chesapeake Bay), 6.25%, 9/1/30 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2012347 |
| Washington Housing Finance Commission, (Bayview Manor Homes): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;415 | &nbsp;&nbsp;&nbsp;&nbsp; 412047 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/31<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;985 | &nbsp;&nbsp;&nbsp;&nbsp; 988111 |
| Washington Housing Finance Commission, (Judson Park), 4.00%, 7/1/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp; 184392 |
| Washington Housing Finance Commission, (Transforming Age): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;840 | &nbsp;&nbsp;&nbsp;&nbsp; 843289 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp; 447604 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp; 463118 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/34<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 499291 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/39<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 724110 |
|  |  | &nbsp;&nbsp;**$59116243** |
| Special Tax Revenue — 2.3% | Special Tax Revenue — 2.3% | Special Tax Revenue — 2.3% |
| Baltimore, MD, (Harbor Point): |  |  |
| &nbsp;&nbsp;&nbsp;3.45%, 6/1/35<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;$280800 |
| &nbsp;&nbsp;&nbsp;3.50%, 6/1/39<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp; 560238 |
| Bullhead City, AZ, Excise Taxes Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;2.10%, 7/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp; 453410 |
| &nbsp;&nbsp;&nbsp;2.55%, 7/1/46 | 1265 | &nbsp;&nbsp;&nbsp;&nbsp; 837063 |
| Hamilton County & Chattanooga Sports Authority, TN, (Stadium Project), 6.00%, 12/1/55 | 1675 | &nbsp;&nbsp;&nbsp;&nbsp; 1878864 |
| Juban Crossing Economic Development District, LA, (Drainage Projects), 4.25%, 9/15/44 | 1735 | &nbsp;&nbsp;&nbsp;&nbsp; 1590826 |
| Juban Crossing Economic Development District, LA, (General Infrastructure Projects), 5.00%, 9/15/49 | 1960 | &nbsp;&nbsp;&nbsp;&nbsp; 1947055 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Special Tax Revenue (continued) | Special Tax Revenue (continued) | Special Tax Revenue (continued) |
| Louisiana Local Government Environmental Facilities and Community Development Authority, (City of Slidell): |  |  |
| &nbsp;&nbsp;&nbsp;4.125%, 12/1/49 | $&nbsp;&nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;$74925 |
| &nbsp;&nbsp;&nbsp;4.25%, 12/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp; 725610 |
| Maryland Department of Transportation, 2.50%, 10/1/33 | 1700 | &nbsp;&nbsp;&nbsp;&nbsp; 1496262 |
| Mida Mountain Village Public Infrastructure District, UT, 5.50%, 6/15/39<sup>(1)</sup> | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1974664 |
| Omaha, NE, Riverfront Redevelopment Special Tax Revenue, 4.00%, 4/15/54 | 1875 | &nbsp;&nbsp;&nbsp;&nbsp; 1710784 |
| Oxford City Board of Education, AL, 4.00%, 5/1/50 | 1480 | &nbsp;&nbsp;&nbsp;&nbsp; 1314618 |
| South Village Community Development District, FL: |  |  |
| &nbsp;&nbsp;&nbsp;2.75%, 5/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;&nbsp;&nbsp; 95000 |
| &nbsp;&nbsp;&nbsp;3.25%, 5/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;&nbsp;&nbsp; 93628 |
| &nbsp;&nbsp;&nbsp;4.35%, 5/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp; 60042 |
| St. Louis Land Clearance for Redevelopment Authority, MO, (Kiel Opera House Renovation), 3.875%, 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;645 | &nbsp;&nbsp;&nbsp;&nbsp; 615842 |
|  |  | &nbsp;&nbsp;**$15709631** |
| Student Loan — 0.5% | Student Loan — 0.5% | Student Loan — 0.5% |
| Connecticut Higher Education Supplemental Loan Authority, (AMT), 4.125%, 11/15/40 | $4010 | &nbsp;&nbsp;$3749463 |
|  |  | &nbsp;&nbsp;**$3749463** |
| Transportation — 10.0% | Transportation — 10.0% | Transportation — 10.0% |
| Bay Area Toll Authority, CA, (San Francisco Bay Area), Toll Bridge Revenue, 4.07%, (SIFMA + 0.45%), 4/1/26 (Put Date), 4/1/56<sup>(2)</sup> | $3200 | &nbsp;&nbsp;$3171207 |
| California Infrastructure and Economic Development Bank, (Brightline West Passenger Rail), Green Bonds, (AMT), 9.50% to 1/1/35 (Put Date), 1/1/65<sup>(1)</sup> | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 3863184 |
| Chicago, IL, (O'Hare International Airport), (AMT), 5.00%, 1/1/39 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4153027 |
| Colorado Bridge Enterprise, (Central 70 Project), (AMT), 4.00%, 12/31/28 | 2760 | &nbsp;&nbsp;&nbsp;&nbsp; 2751410 |
| Hawaii, Airports System Revenue, (AMT), 5.00%, 7/1/41 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2077366 |
| Indianapolis Local Public Improvement Bond Bank, IN, (Indianapolis Airport Authority), (AMT), 5.00%, 1/1/31 | 2385 | &nbsp;&nbsp;&nbsp;&nbsp; 2525442 |
| Los Angeles Department of Airports, CA, (Los Angeles International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/15/36 | 3080 | &nbsp;&nbsp;&nbsp;&nbsp; 3155679 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/15/45 | 4925 | &nbsp;&nbsp;&nbsp;&nbsp; 4927667 |
| Memphis-Shelby County Airport Authority, TN, (AMT), 5.00%, 7/1/35 | 1995 | &nbsp;&nbsp;&nbsp;&nbsp; 2032477 |
| Metropolitan Washington Airports Authority, D.C.: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 10/1/38 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp; 1655627 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 10/1/42 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5025309 |
| Oklahoma Turnpike Authority, 5.50%, 1/1/53 | 4165 | &nbsp;&nbsp;&nbsp;&nbsp; 4402940 |

---

------

Eaton Vance<br>

Municipal Opportunities Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation (continued) | Transportation (continued) | Transportation (continued) |
| Philadelphia, PA, Airport Revenue, (AMT), 5.00%, 7/1/42 | $2990 | &nbsp;&nbsp;$2990163 |
| Port of Seattle, WA: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 4.00%, 5/1/43 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4436338 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/1/37 | 2100 | &nbsp;&nbsp;&nbsp;&nbsp; 2107167 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/1/37 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3010238 |
| Salt Lake City, UT, (Salt Lake City International Airport), (AMT), 5.00%, 7/1/47 | 2090 | &nbsp;&nbsp;&nbsp;&nbsp; 2090185 |
| San Diego County Regional Airport Authority, CA, (San Diego International Airport), (AMT), 5.25%, 7/1/38 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp; 4828059 |
| San Francisco City and County Airport Commission, CA, (San Francisco International Airport), (AMT), 5.00%, 5/1/44 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5012702 |
| Texas Private Activity Bond Surface Transportation Corp., (North Tarrant Express Managed Lanes Project), 5.00%, 12/31/34 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3129968 |
| Triborough Bridge and Tunnel Authority, NY, (LOC: TD Bank, N.A.), 2.50%, 1/1/32<sup>(4)</sup> | 1900 | &nbsp;&nbsp;&nbsp;&nbsp; 1900000 |
|  |  | &nbsp;&nbsp;**$69246155** |
| Water and Sewer — 4.9% | Water and Sewer — 4.9% | Water and Sewer — 4.9% |
| Arkansas Development Finance Authority: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/42 | $1500 | &nbsp;&nbsp;$1616450 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1070105 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1064395 |
| Beaufort-Jasper Water and Sewer Authority, SC, 4.00%, 3/1/47 | 2310 | &nbsp;&nbsp;&nbsp;&nbsp; 2116546 |
| Corpus Christi, TX, Utility System Revenue, 4.00%, 7/15/48 | 3930 | &nbsp;&nbsp;&nbsp;&nbsp; 3639378 |
| Gainesville, GA, Water and Sewerage Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/43 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1604206 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;590 | &nbsp;&nbsp;&nbsp;&nbsp; 623175 |
| New York City Municipal Water Finance Authority, NY, (Water and Sewer System): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/43 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4219822 |
| &nbsp;&nbsp;&nbsp;5.25%, 6/15/47 | 2835 | &nbsp;&nbsp;&nbsp;&nbsp; 3000970 |
| San Antonio, TX, Water System Revenue, (SPA: Truist Bank), 2.55%, 5/1/54<sup>(4)</sup> | 7550 | &nbsp;&nbsp;&nbsp;&nbsp; 7550000 |
| Sumner, WA, Water and Sewer Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;235 | &nbsp;&nbsp;&nbsp;&nbsp; 257946 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 273698 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;&nbsp; 282940 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp; 291509 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 320815 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp; 227853 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp; 226087 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 156896 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 312640 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Water and Sewer (continued) | Water and Sewer (continued) | Water and Sewer (continued) |
| Sumner, WA, Water and Sewer Revenue: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/49 | $1700 | &nbsp;&nbsp;$1760280 |
| Texas Water Development Board, 5.00%, 8/1/41 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2156157 |
| Walton County Water and Sewerage Authority, GA, 5.00%, 2/1/53 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp; 1336704 |
|  |  | &nbsp;&nbsp;**$34108572** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $659,252,946) |  | &nbsp;&nbsp;**$645222684** |

---

Taxable Municipal Obligations — 6.5%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 0.8% | Education — 0.8% | Education — 0.8% |
| Maricopa County Industrial Development Authority, AZ, (Grand Canyon University), 7.375%, 10/1/29<sup>(1)</sup> | $1000 | &nbsp;&nbsp;$1039160 |
| University of California: |  |  |
| &nbsp;&nbsp;&nbsp;3.349%, 7/1/29 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp; 1118167 |
| &nbsp;&nbsp;&nbsp;4.40%, 7/1/41<sup>(3)</sup> | 3600 | &nbsp;&nbsp;&nbsp;&nbsp; 3600000 |
|  |  | &nbsp;&nbsp;**$5757327** |
| General Obligations — 2.3% | General Obligations — 2.3% | General Obligations — 2.3% |
| Atlantic City, NJ, 7.00%, 3/1/28 | $1390 | &nbsp;&nbsp;$1458106 |
| California: |  |  |
| &nbsp;&nbsp;&nbsp;7.50%, 4/1/34<sup>(6)</sup> | 2310 | &nbsp;&nbsp;&nbsp;&nbsp; 2686797 |
| &nbsp;&nbsp;&nbsp;7.55%, 4/1/39<sup>(6)</sup> | 2725 | &nbsp;&nbsp;&nbsp;&nbsp; 3295101 |
| Chicago, IL: |  |  |
| &nbsp;&nbsp;&nbsp;7.375%, 1/1/33 | 2899 | &nbsp;&nbsp;&nbsp;&nbsp; 3164567 |
| &nbsp;&nbsp;&nbsp;7.781%, 1/1/35 | 2590 | &nbsp;&nbsp;&nbsp;&nbsp; 2908852 |
| Larkspur-Corte Madera School District, CA, (Election of 2011 and 2014), 2.002%, 8/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp; 536587 |
| Marin Community College District, CA, 2.14%, 8/1/34 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1226921 |
| Mattawan Consolidated School, MI, 1.966%, 5/1/32 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp; 927911 |
|  |  | &nbsp;&nbsp;**$16204842** |
| Hospital — 0.2% | Hospital — 0.2% | Hospital — 0.2% |
| California Infrastructure and Economic Development Bank, (Adventist Health Energy), 5.929%, 7/1/34 | $1000 | &nbsp;&nbsp;$1013438 |
|  |  | &nbsp;&nbsp;**$1013438** |
| Insured - General Obligations — 0.2% | Insured - General Obligations — 0.2% | Insured - General Obligations — 0.2% |
| Altoona Area School District, PA, (BAM), 2.288%, 12/1/34 | $&nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;$604097 |

---

------

Eaton Vance<br>

Municipal Opportunities Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - General Obligations (continued) | Insured - General Obligations (continued) | Insured - General Obligations (continued) |
| Effingham County Industrial Development Authority, GA, (BAM), 6.00%, 4/1/48 | $1000 | &nbsp;&nbsp;$1004206 |
|  |  | &nbsp;&nbsp;**$1608303** |
| Insured - Special Tax Revenue — 0.5% | Insured - Special Tax Revenue — 0.5% | Insured - Special Tax Revenue — 0.5% |
| Bexar County, TX, Venue Project Revenue, (AGM), 2.434%, 8/15/33 | $1505 | &nbsp;&nbsp;$1269845 |
| Rio Elementary School District Community Facilities District No. 1, CA, (BAM), 2.457%, 9/1/32 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1271902 |
| Successor Agency to San Bernardino County Redevelopment Agency, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(AGM), 3.75%, 9/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 498634 |
| &nbsp;&nbsp;&nbsp;(AGM), 4.00%, 9/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 496885 |
|  |  | &nbsp;&nbsp;**$3537266** |
| Insured - Transportation — 0.2% | Insured - Transportation — 0.2% | Insured - Transportation — 0.2% |
| Alameda Corridor Transportation Authority, CA, (AGM), 0.00%, 10/1/38 | $2500 | &nbsp;&nbsp;$1148390 |
|  |  | &nbsp;&nbsp;**$1148390** |
| Special Tax Revenue — 1.1% | Special Tax Revenue — 1.1% | Special Tax Revenue — 1.1% |
| Los Angeles County Metropolitan Transportation Authority, CA, Sales Tax Revenue, 4.726%, 7/1/27 | $1975 | &nbsp;&nbsp;$2012067 |
| Massachusetts School Building Authority, Social Bonds, 1.753%, 8/15/30 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1799391 |
| Ohio County Commission, WV, (Fort Henry Economic Opportunity Development District - The Highlands), 5.25%, 3/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp; 333796 |
| Oneida Indian Nation of New York, NY, 7.25%, 9/1/34<sup>(1)</sup> | 3500 | &nbsp;&nbsp;&nbsp;&nbsp; 3515017 |
|  |  | &nbsp;&nbsp;**$7660271** |
| Water and Sewer — 1.2% | Water and Sewer — 1.2% | Water and Sewer — 1.2% |
| Metropolitan Water District of Southern California, (SPA: TD Bank, N.A.), 4.40%, 7/1/37<sup>(3)</sup> | $8200 | &nbsp;&nbsp;$8200000 |
|  |  | &nbsp;&nbsp;**$8200000** |
| Total Taxable Municipal Obligations<br> (identified cost $45,358,351) |  | &nbsp;&nbsp;**$45129837** |

---

U.S. Treasury Obligations — 0.8%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| U.S. Treasury Notes, 5.00%, 8/31/25 | $5500 | &nbsp;&nbsp;$5510981 |
| Total U.S. Treasury Obligations<br> (identified cost $5,500,856) |  | &nbsp;&nbsp;**$5510981** |
| Total Investments — 100.6%<br> (identified cost $710,551,908) |  | &nbsp;&nbsp;**$696303148** |
| Other Assets, Less Liabilities — (0.6)% |  | &nbsp;&nbsp;**$(3947541)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$692355607** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | The percentage shown for each investment category in the Portfolio of Investments is based on net assets. |
| <sup>(1)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At April 30, 2025, the aggregate value of these securities is $43,125,630 or 6.2% of the Fund's net assets. |
| <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> | Variable rate demand obligation that may be tendered at par on any day for payment the same or next business day. The stated interest rate, which generally resets daily, is determined by the remarketing agent and represents the rate in effect at April 30, 2025. |
| <sup>(5)</sup> | When-issued security. |
| <sup>(6)</sup> | Build America Bond. Represents taxable municipal obligation issued pursuant to the American Recovery and Reinvestment Act of 2009 or other legislation providing for the issuance of taxable municipal debt on which the issuer receives federal support. |
| At April 30, 2025, the concentration of the Fund's investments in the various states and territories, 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 and territories, determined as a percentage of net assets, is as follows: |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California | 17.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others, representing less than 10% individually | 82.7% |

---

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, 10.7% 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 0.7% to 4.2% of total investments.

------

Eaton Vance<br>

Municipal Opportunities Fund

April 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

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

---

---

| | |
|:---|:---|
| MBS | – Mortgage-Backed Security |
| 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 |
| SOFR | – Secured Overnight Financing Rate |
| SPA | – Standby Bond Purchase Agreement |

---

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

Fair Value Measurements

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

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

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

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

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

At 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 Mortgage-Backed Securities | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$439646 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$439646 |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645222684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645222684 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45129837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45129837 |
| U.S. Treasury Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5510981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5510981 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$696303148** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$696303148** |

---

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

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

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

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

- **b. EDGAR series identifier (if any):** S000032714

- **c. LEI of Series:** 549300P3IF8ZN4Z8ZP38

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

- **a. Date of fiscal year-end:** 2025-07-31

- **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:** $708070418.06

**Total Liabilities:** $18180193.93

**Net Assets:** $689890224.13

**Delayed Delivery Securities:** $15317084.80

**Cash Not Reported:** $123439.10

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1090.76000000 | **1-Year:** -17604.34000000 | **5-Year:** -80720.18000000 | **10-Year:** -250489.03000000 | **30-Year:** -87570.64000000

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

- **3-Month:** -420.74000000 | **1-Year:** -8626.14000000 | **5-Year:** -17848.24000000 | **10-Year:** -25806.80000000 | **30-Year:** -5301.98000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000100971 | 1.17%                | -1.81%               | -0.39%               |
| Class ID C000100970 | 1.09%                | -1.81%               | -0.47%               |
| Class ID C000100969 | 1.06%                | -1.75%               | -0.41%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $570034.67               | $5541879.40                                |
| Month 2  | $-145554.18              | $-14475781.85                              |
| Month 3  | $-2266729.34             | $-2787957.38                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Missouri Joint Municipal Electric Utility Commission                             | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR SUPPLY SYS REV  | CUSIP: 606094DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077562.70   | 0.16%             | 2039-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 645918Z97<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    185000 | PA      | $185628.26    | 0.03%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charter Township of White Lake MI                                                | WHITE LAKE TWP MI                                            | CUSIP: 964009GA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $725508.63    | 0.11%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609G42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1860769.83   | 0.27%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526Q2V3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96532.78     | 0.01%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Bristol VA                                                               | BRISTOL VA                                                   | CUSIP: 110331QS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1924622.68   | 0.28%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Luzerne County Industrial Development Authority                                  | LUZERNE CNTY PA INDL DEV AUTH                                | CUSIP: 550728AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2440620.88   | 0.35%             | 2039-12-01      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| City of Gainesville GA Water & Sewerage Revenue                                  | GAINESVILLE GA WTR & SWR REVENUE                             | CUSIP: 363010ZF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1604206.05   | 0.23%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GQR6<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   7550000 | PA      | $7550000.00   | 1.09%             | 2054-05-01      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609J80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $334633.92    | 0.05%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Kenosha WI                                                             | KENOSHA CNTY WI                                              | CUSIP: 4897827P1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $310915.33    | 0.05%             | 2030-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RLD5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.28%             | 2032-01-01      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Effingham County Industrial Development Authority                                | EFFINGHAM CNTY GA INDL DEV AUTH REVENUE                      | CUSIP: 28209NCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004205.80   | 0.15%             | 2048-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Southwestern Pennsylvania Water Authority                                        | S WSTRN PENNSYLVANIA ST WTR AUTH WTR REVENUE                 | CUSIP: 845709CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917585.80    | 0.13%             | 2032-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mabank Independent School District                                               | MABANK TX INDEP SCH DIST                                     | CUSIP: 554086PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2415764.06   | 0.35%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                              | SANTA FE NM RETMNT FAC REVENUE                               | CUSIP: 802170AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $472346.45    | 0.07%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 645779CD9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2469478.75   | 0.36%             | 2059-04-01      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512838.45    | 0.07%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL 1ST MTGE REVENUE   | CUSIP: 647377AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $192722.28    | 0.03%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA REVENUES                                  | CUSIP: 91412GEX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.52%             | 2041-07-01      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Jefferson County Civic Facility Development Corp                                 | JEFFERSON CNTY NY CIVIC FAC DEV CORP                         | CUSIP: 47325RAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1447034.40   | 0.21%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grosse Pointe Farms MI                                                   | GROSSE POINTE FARMS MI                                       | CUSIP: 399028FX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $530542.29    | 0.08%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Centerville OH                                                           | CENTERVILLE OH HLTH CARE REVENUE                             | CUSIP: 152241AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $769024.33    | 0.11%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morongo Band of Mission Indians/The                                              | MORONGO BAND OF MISSION INDIANS CA REVENUE                   | CUSIP: 61773RAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1779525.90   | 0.26%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TMQ3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1731892.60   | 0.25%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111D27<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4402940.20   | 0.64%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JMD2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3320000 | PA      | $2868862.80   | 0.42%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389D88<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3010238.40   | 0.44%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FBN3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    300000 | PA      | $299954.01    | 0.04%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuPage County School District No 58 Downers Grove                                | DU PAGE CNTY IL SCH DIST #58 DOWNERS GROVE                   | CUSIP: 263165JU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $3009972.64   | 0.44%             | 2043-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                                | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                  | CUSIP: 179162LT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1984988.63   | 0.29%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Louis County Industrial Development Authority                                 | SAINT LOUIS CNTY MO INDL DEV AUTH SENIOR LIVING FACS         | CUSIP: 791524CK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1961295.34   | 0.28%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Community College District                                             | RIVERSIDE CA CMNTY CLG DIST                                  | CUSIP: 76886PKU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $753575.47    | 0.11%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HUZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $2167017.40   | 0.31%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nevada Housing Division                                                          | NEVADA ST HSG DIV SF MTGE REVENUE                            | CUSIP: 641279ZK3<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493638.05    | 0.07%             | 2049-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                          | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817UL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2990000 | PA      | $2990163.25   | 0.43%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                                     | CLACKAMAS CNTY OR HOSP FAC AUTH REVENUE                      | CUSIP: 179027YK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $332366.89    | 0.05%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Tech University System                                                     | TEXAS ST TECH UNIV REVENUES                                  | CUSIP: 882806KL5<br>LEI: 549300SPM8LGJKCQO195 | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3688610.70   | 0.53%             | 2043-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Sumner WA Water & Sewer Revenue                                          | SUMNER WA WTR & SWR REVENUE                                  | CUSIP: 866465JM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $257945.59    | 0.04%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 55                                   | HARRIS CNTY TX MUNI UTILITY DIST #55                         | CUSIP: 414912XB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1066371.35   | 0.15%             | 2042-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                         | BEVERLY HILLS CA UNIF SCH DIST                               | CUSIP: 088023PE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $1936597.91   | 0.28%             | 2042-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PZU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    795000 | PA      | $775295.69    | 0.11%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                        | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                   | CUSIP: 010869LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1148390.00   | 0.17%             | 2038-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Geary County Unified School District No 475                                      | GEARY CNTY KS UNIF SCH DIST #475                             | CUSIP: 368347EM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $236928.75    | 0.03%             | 2041-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486VV8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2899000 | PA      | $3164567.53   | 0.46%             | 2033-01-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                 | DELAWARE ST HSG AUTH REVENUE                                 | CUSIP: 246395F36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195602.88    | 0.03%             | 2044-07-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TVD2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   6165000 | PA      | $5544839.22   | 0.80%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FLY8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    600000 | PA      | $590644.86    | 0.09%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH REVENUE                             | CUSIP: 04108KW38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070105.50   | 0.16%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp I                                | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP I GAS SPLY REVENUE | CUSIP: 88256CAW9<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1672715.97   | 0.24%             | 2026-12-15      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| Fort Bend County Municipal Management District No 1                              | FORT BEND CNTY TX MUNI MANAGEMENT DIST #1                    | CUSIP: 34677MKF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $794358.59    | 0.12%             | 2049-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675934K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4153026.80   | 0.60%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Lake Public Schools                                                       | SPRING LAKE MI PUBLIC SCHS                                   | CUSIP: 849765JB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021582.30   | 0.15%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Generation Park Management District                                              | GENERATION PARK TX MGMT DIST                                 | CUSIP: 37149ALY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4430000 | PA      | $3579327.48   | 0.52%             | 2045-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PG90<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1757038.68   | 0.25%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BCX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4179511.20   | 0.61%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Local Economic Assistance Corp                                     | NASSAU CNTY NY LOCAL ECON ASSISTANCE CORP REVENUE            | CUSIP: 63166LCU3<br>LEI: 549300FCI13UFG0Y6Y37 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000447.20   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk Housing Authority                                                        | NORWALK CT HSG AUTH MF HSG TAXEXEMPT BONDS                   | CUSIP: 668866AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1763692.61   | 0.26%             | 2042-09-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                                        | KALISPEL TRIBE OF INDIANS PRIORITY DIST WA REVENUE           | CUSIP: 48340PAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1476776.84   | 0.21%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Charles County Francis Howell R-III School District                           | SAINT CHARLES CNTY MO FRANCIS HOWELL R-III SCH DIST          | CUSIP: 7876425T0<br>LEI: 549300N738JKL2CGSO59 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $1653815.99   | 0.24%             | 2040-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                           | UNIV OF TEXAS TX PERMANENT UNIV FND                          | CUSIP: 915130AD0<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    230000 | PA      | $223719.60    | 0.03%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Prairie Independent School District                                        | GRAND PRAIRIE TX INDEP SCH DIST                              | CUSIP: 386155CZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1958756.80   | 0.28%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Beaufort-Jasper Water & Sewer Authority                                          | BEAUFORT-JASPER SC WTR & SWR AUTH WTRWKS & SWR SYS REVENUE   | CUSIP: 074358HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2116545.82   | 0.31%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GH72<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2835000 | PA      | $3000969.97   | 0.43%             | 2047-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Juban Crossing Economic Development District                                     | JUBAN CROSSING ECON DEV DIST LA REVENUE                      | CUSIP: 48125RBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1590825.49   | 0.23%             | 2044-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH HLTHCARE FACS REVENUE   | CUSIP: 928105BU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1899728.63   | 0.28%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637BXP0<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1130005.35   | 0.16%             | 2040-11-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                              | GEORGIA ST HSG & FIN AUTH REVENUE                            | CUSIP: 37353PHH5<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $1537106.64   | 0.22%             | 2041-12-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| City of Sumner WA Water & Sewer Revenue                                          | SUMNER WA WTR & SWR REVENUE                                  | CUSIP: 866465JN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273697.98    | 0.04%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raindance Metropolitan District No 2                                             | RAINDANCE MET DIST NO 2 CO                                   | CUSIP: 75087FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1586982.37   | 0.23%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lynchburg VA                                                             | LYNCHBURG VA                                                 | CUSIP: 55127LAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $914202.01    | 0.13%             | 2040-08-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL 1ST MTGE REVENUE   | CUSIP: 647377AU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $430901.11    | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raindance Metropolitan District No 2                                             | RAINDANCE MET DIST NO 2 CO                                   | CUSIP: 75087FAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $775477.72    | 0.11%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Darke OH                                                               | DARKE CNTY OH HOSP FACS REVENUE                              | CUSIP: 237242AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3455000 | PA      | $2765170.21   | 0.40%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505ZD1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5215269.50   | 0.76%             | 2037-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rio Elementary School District Community Facilities District                     | RIO CA ELEM SCH DIST CMNTY FACS DIST SPL TAX                 | CUSIP: 767027EG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1271902.35   | 0.18%             | 2032-09-01      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                                     | CLACKAMAS CNTY OR HOSP FAC AUTH REVENUE                      | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $280740.66    | 0.04%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116BY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999685.20   | 0.29%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YVR7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3095000 | PA      | $3095123.80   | 0.45%             | 2059-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Centerton AR Sales & Use Tax Revenue                                     | CENTERTON AR SALES & USE TAX                                 | CUSIP: 152014DP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $143353.55    | 0.02%             | 2049-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Alaska Housing Finance Corp                                                      | ALASKA ST HSG FIN CORP MTGE REVENUE                          | CUSIP: 01170RSS2<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1443569.59   | 0.21%             | 2051-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Clemson University                                                               | CLEMSON SC UNIV UNIV REVENUES                                | CUSIP: 185630E63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $208092.16    | 0.03%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority/PA                              | FRANKLIN CNTY PA INDL DEV AUTH REVENUE                       | CUSIP: 353273BS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500003.70    | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gretna Public Schools                                                            | SARPY CNTY NE SCH DIST #37                                   | CUSIP: 803770XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512294.90   | 0.22%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783YV2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    445000 | PA      | $447603.56    | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AMG4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2689519.08   | 0.39%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XA5<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3171207.36   | 0.46%             | 2056-04-01      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| City of Grosse Pointe Farms MI                                                   | GROSSE POINTE FARMS MI                                       | CUSIP: 399028GG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $2852779.61   | 0.41%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH REVENUE                             | CUSIP: 04108KW20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1616450.40   | 0.23%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marin Community College District                                                 | MARIN CA CMNTY CLG DIST                                      | CUSIP: 56781RLC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1226920.80   | 0.18%             | 2034-08-01      | Fixed         | 2.14%                 | No            |                  2 | On Loan: No      |
| Colfax County School District No 58                                              | COLFAX CNTY NE SCH DIST #58                                  | CUSIP: 19406PCN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1552672.80   | 0.23%             | 2045-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Portage Community School District/WI                                             | PORTAGE WI CMNTY SCH DIST                                    | CUSIP: 736036ED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1159127.88   | 0.17%             | 2044-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743XZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4010000 | PA      | $3749462.68   | 0.54%             | 2040-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EEG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    260000 | PA      | $239479.89    | 0.03%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000B8L5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1184897.59   | 0.17%             | 2039-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD | CUSIP: 592029BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1655380.33   | 0.24%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 8R Hermiston                                  | UMATILLA CNTY OR SCH DIST #8 R HERMISTON                     | CUSIP: 904121PL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2565000 | PA      | $1027571.32   | 0.15%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063D2G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5319921.50   | 0.77%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Calhoun County Hospital Finance Authority                                        | CALHOUN CNTY MI HOSP FIN AUTH REVENUE                        | CUSIP: 12964UAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2120690.74   | 0.31%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PZV0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $976645.31    | 0.14%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628C2W1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    825000 | PA      | $725610.02    | 0.11%             | 2054-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WDR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1716254.50   | 0.25%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                                         | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $453410.45    | 0.07%             | 2036-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| San Bernardino County Redevelopment Agency Successor Agency                      | SAN BERNARDINO CNTY CA REDEV AGY SUCCESSOR AGY TAX ALLOCATIO | CUSIP: 79687DAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496885.35    | 0.07%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Village Community Development District                                     | S VLG FL CDD CAPITAL IMPT REVENUE                            | CUSIP: 84060HAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60042.04     | 0.01%             | 2026-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3155678.68   | 0.46%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Department of Housing & Community Development                           | MARYLAND CMNTY DEV ADMIN HSG & CMNTY DEV                     | CUSIP: 57419UCE6<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |    285000 | PA      | $282756.57    | 0.04%             | 2044-09-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Cameron School District/WI                                                       | CAMERON WI SCH DIST                                          | CUSIP: 133650GP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $471321.14    | 0.07%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GF82<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4219822.00   | 0.61%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DVQ2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1920580.01   | 0.28%             | 2048-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Bar Harbor ME                                                            | BAR HARBOR ME                                                | CUSIP: 066878NN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2107057.40   | 0.31%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HCX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2865000 | PA      | $2546451.54   | 0.37%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chisholm Creek Utility Authority                                                 | CHISHOLM CREEK KS UTILITY AUTH WTR & WSTWTR FACS REVENUE     | CUSIP: 170123EE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $559144.59    | 0.08%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                               | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TUT6<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   8200000 | PA      | $8200000.00   | 1.19%             | 2037-07-01      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                           | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647JH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $960037.59    | 0.14%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SOL WST DISP REVENUE                      | CUSIP: 74445MAC3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6274850.40   | 0.91%             | 2029-07-01      | Floating      | 1.10%                 | No            |                  2 | On Loan: No      |
| South Village Community Development District                                     | S VLG FL CDD CAPITAL IMPT REVENUE                            | CUSIP: 84060HAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $93628.24     | 0.01%             | 2027-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                   | OKLAHOMA ST WTR RES BRD ST LOAN PROGRAM REVENUE              | CUSIP: 67920Q5K0<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |   3145000 | PA      | $2935063.39   | 0.43%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2615416.00   | 0.38%             | 2049-06-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Portage Community School District/WI                                             | PORTAGE WI CMNTY SCH DIST                                    | CUSIP: 736036EA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524938.55    | 0.08%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HU34<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    370000 | PA      | $370054.24    | 0.05%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                              | HOWARD CNTY MD RETMNT CMNTY REVENUE                          | CUSIP: 442593BA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $344233.10    | 0.05%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Luis Coastal Unified School District                                         | SAN LUIS COASTAL CA UNIF SCH DIST                            | CUSIP: 798546EF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1394833.50   | 0.20%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Civic Facility Development Corp                                 | JEFFERSON CNTY NY CIVIC FAC DEV CORP                         | CUSIP: 47325RAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1529483.47   | 0.22%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hot Springs AR Wastewater Revenue                                        | HOT SPRINGS AR WSTWTR REVENUE                                | CUSIP: 441178DT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1425419.55   | 0.21%             | 2050-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH HLTHCARE FACS REVENUE   | CUSIP: 928105BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1061473.32   | 0.15%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH RSDL FACS REVENUE       | CUSIP: 83704CAS7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007631.00   | 0.15%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151S67<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2207917.00   | 0.32%             | 2033-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oxford City Board of Education                                                   | OXFORD AL BRD EDU SCH TAX WARRANTS                           | CUSIP: 691397CH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1314617.70   | 0.19%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063DQ76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6340000 | PA      | $6448774.75   | 0.93%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oroville CA                                                              | OROVILLE CA REVENUE                                          | CUSIP: 687241AJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1386067.80   | 0.20%             | 2034-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775HFK4<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   3815000 | PA      | $3270139.79   | 0.47%             | 2029-11-15      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                                | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                  | CUSIP: 179162LS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1702962.88   | 0.25%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlantic City NJ                                                         | ATLANTIC CITY NJ                                             | CUSIP: 048339UG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1458106.25   | 0.21%             | 2028-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Charter Township of White Lake MI                                                | WHITE LAKE TWP MI                                            | CUSIP: 964009FZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2094713.33   | 0.30%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783YX8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499290.50    | 0.07%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Baton Rouge Parish School Board                                             | WEST BATON ROUGE PARISH LA SCH BRD REVENUE                   | CUSIP: 95134VAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2110564.00   | 0.31%             | 2045-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1610051.18   | 0.23%             | 2054-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth University Health System Authority                         | VIRGINIA ST CMWLTH UNIV HLTH SYS AUTH REVENUE                | CUSIP: 92778LDN7<br>LEI: 07ROV40HIZGU2Q6OXJ58 | Long             | DBT              | MUN               | US        |   4805000 | PA      | $4411627.14   | 0.64%             | 2054-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075018.00   | 0.30%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Civic Facility Development Corp                                 | JEFFERSON CNTY NY CIVIC FAC DEV CORP                         | CUSIP: 47325RAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $485747.43    | 0.07%             | 2029-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UDR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $633465.00    | 0.09%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505QR0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5365000 | PA      | $5172554.77   | 0.75%             | 2039-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Grand Prairie Independent School District                                        | GRAND PRAIRIE TX INDEP SCH DIST                              | CUSIP: 386155CV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1715232.21   | 0.25%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063A5E0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2686796.81   | 0.39%             | 2034-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| County of Baldwin AL                                                             | BALDWIN CNTY AL                                              | CUSIP: 057845SW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052926.90   | 0.15%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Bennett CO Wastewater Revenue                                            | BENNETT CO WSTWTR REVENUE                                    | CUSIP: 082162AT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2048889.61   | 0.30%             | 2049-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                              | SANTA FE NM RETMNT FAC REVENUE                               | CUSIP: 802170AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1208902.15   | 0.18%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783WH5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    190000 | PA      | $184391.90    | 0.03%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                           | FREDERICK CNTY MD                                            | CUSIP: 35569PMR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $155126.02    | 0.02%             | 2055-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL 1ST MTGE REVENUE   | CUSIP: 647377AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3020000 | PA      | $2668245.80   | 0.39%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                  | FAIRFAX CNTY VA INDL DEV AUTH REVENUE                        | CUSIP: 303823MW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $362297.04    | 0.05%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1858254.67   | 0.27%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| University of Alabama/The                                                        | UNIV OF ALABAMA AL GEN FEE REVENUE                           | CUSIP: 914025HG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1070557.06   | 0.16%             | 2038-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD REVENUE                                    | CUSIP: 88285AHM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2156156.60   | 0.31%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LFH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4408314.00   | 0.64%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647LW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1655626.88   | 0.24%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Knightdale NC                                                            | KNIGHTDALE NC LTD OBLIG                                      | CUSIP: 49906YAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $548004.84    | 0.08%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1309171.63   | 0.19%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI RETMNT FAC REVENUE                        | CUSIP: 74444VAQ3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1490248.14   | 0.22%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783YW0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    460000 | PA      | $463117.93    | 0.07%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1440102.00   | 0.21%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UDM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1041187.68   | 0.15%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sumner WA Water & Sewer Revenue                                          | SUMNER WA WTR & SWR REVENUE                                  | CUSIP: 866465JP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $282940.35    | 0.04%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mason County School District No 402 Pioneer                                      | MASON CNTY WA SCH DIST #402 PIONEER                          | CUSIP: 575180DY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1634886.13   | 0.24%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Ohio WV Special District Excise Tax Revenue                            | OHIO CNTY WV CNTY COMMISSION SPL DIST EXCISE TAX REVENUE     | CUSIP: 67732PDU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $333795.94    | 0.05%             | 2031-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI | CUSIP: 59561UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1974664.20   | 0.29%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bassett Unified School District                                                  | BASSETT CA UNIF SCH DIST                                     | CUSIP: 070185WN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1752406.24   | 0.25%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Arnolds Park IA                                                          | ARNOLDS PARK IA                                              | CUSIP: 042618NT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245844.48    | 0.04%             | 2045-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609J49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $147902.94    | 0.02%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation of New York                                                 | ONEIDA INDIAN NATION NY TAX REVENUE                          | CUSIP: 682504AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3515016.40   | 0.51%             | 2034-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE               | CUSIP: 63968M7S2<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1946217.35   | 0.28%             | 2044-09-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH RSDL FACS REVENUE       | CUSIP: 83704CAR9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1687564.85   | 0.24%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grayson County Junior College District/TX                                        | GRAYSON CNTY TX JNR CLG DIST                                 | CUSIP: 389712HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1712951.23   | 0.25%             | 2049-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JMC4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3220000 | PA      | $3243818.98   | 0.47%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                     | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818PMU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $653213.65    | 0.09%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crawford County Hospital Authority                                               | CRAWFORD CNTY PA HOSP AUTH                                   | CUSIP: 225004AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2685796.68   | 0.39%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $878738.09    | 0.13%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mason County School District No 402 Pioneer                                      | MASON CNTY WA SCH DIST #402 PIONEER                          | CUSIP: 575180DX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1699623.55   | 0.25%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203H6G2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    355000 | PA      | $355180.98    | 0.05%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4019333.52   | 0.58%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HFG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1118166.51   | 0.16%             | 2029-07-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| County of Baldwin AL                                                             | BALDWIN CNTY AL                                              | CUSIP: 057845SV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $634824.54    | 0.09%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505QP4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2749389.78   | 0.40%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4930000 | PA      | $5087606.18   | 0.74%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EEF3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    140000 | PA      | $134768.38    | 0.02%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528VBC2<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2525441.68   | 0.37%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clemson University                                                               | CLEMSON SC UNIV UNIV REVENUES                                | CUSIP: 185630E97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $499035.71    | 0.07%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526Q2M3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1082051.98   | 0.16%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YDT5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1874049.61   | 0.27%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH REVENUE                             | CUSIP: 04108KW46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064394.60   | 0.15%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI STUDENT HSG REVENUE                       | CUSIP: 74439YCT6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2610648.83   | 0.38%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FBP8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350864.50    | 0.05%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                 | CUSIP: 71885DCW0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    355000 | PA      | $360046.29    | 0.05%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Juban Crossing Economic Development District                                     | JUBAN CROSSING ECON DEV DIST LA REVENUE                      | CUSIP: 48125RCJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1947055.38   | 0.28%             | 2049-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams County General Authority                                                   | ADAMS CNTY PA GEN AUTH CLG REVENUE                           | CUSIP: 00611PBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95006.85     | 0.01%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LGX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $953378.01    | 0.14%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Will & Kankakee Counties School District No 255                                  | WILL & KANKAKEE CNTYS IL SCH DIST #255                       | CUSIP: 968639BF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700949.62    | 0.10%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                    | CMNTY DEV ADMIN MD MF DEV REVENUE                            | CUSIP: 20364NCJ4<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1947227.20   | 0.28%             | 2044-02-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Western Michigan University                                                      | WSTRN MI UNIV                                                | CUSIP: 958638B49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $790595.85    | 0.11%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                                        | KALISPEL TRIBE OF INDIANS PRIORITY DIST WA REVENUE           | CUSIP: 48340PAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014966.90   | 0.15%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Stratford CT                                                             | STRATFORD CT                                                 | CUSIP: 8628116K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1267905.65   | 0.18%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Darien CT                                                                | DARIEN CT                                                    | CUSIP: 237217Y32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1533059.25   | 0.22%             | 2039-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526QLV2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    280000 | PA      | $279451.17    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Knightdale NC                                                            | KNIGHTDALE NC LTD OBLIG                                      | CUSIP: 49906YAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $304966.84    | 0.04%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH REVENUE                    | CUSIP: 696507UG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $657732.79    | 0.10%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Thrall Independent School District/TX                                            | THRALL TX INDEP SCH DIST                                     | CUSIP: 885528KG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3416673.00   | 0.50%             | 2054-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1101204.93   | 0.16%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KMD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $171551.71    | 0.02%             | 2044-07-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SKJ4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2725000 | PA      | $3018038.33   | 0.44%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sumner WA Water & Sewer Revenue                                          | SUMNER WA WTR & SWR REVENUE                                  | CUSIP: 866465JT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $226087.03    | 0.03%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Kenosha WI                                                             | KENOSHA CNTY WI                                              | CUSIP: 4897827N6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $398961.37    | 0.06%             | 2029-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AMK5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2249443.76   | 0.33%             | 2049-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775HSG9<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1034368.62   | 0.15%             | 2038-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A5S5<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013437.90   | 0.15%             | 2034-07-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                                | ALABAMA ST HSG FIN AUTH SF MTGE REVENUE                      | CUSIP: 01030RLJ9<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1785090.80   | 0.26%             | 2044-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                            | GUILFORD CNTY NC                                             | CUSIP: 401784X73<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1921482.40   | 0.28%             | 2045-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                | NEW YORK ST                                                  | CUSIP: 649791UJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5618203.00   | 0.81%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389ZZ4<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2107166.88   | 0.31%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Omaha NE Riverfront Redevelopment Special Tax Revenue                    | OMAHA NE SPL TAX REVENUE                                     | CUSIP: 68189PLN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1710783.75   | 0.25%             | 2054-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794K92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2077365.80   | 0.30%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GRD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4828059.45   | 0.70%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mount Horeb Area School District/WI                                              | MOUNT HOREB WI AREA SCH DIST                                 | CUSIP: 621638LZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2162007.36   | 0.31%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bromley Park Metropolitan District No 3                                          | BROMLEY PARK MET DIST NO 3 CO                                | CUSIP: 11222PAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $890191.60    | 0.13%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $3295101.61   | 0.48%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| City of Sumner WA Water & Sewer Revenue                                          | SUMNER WA WTR & SWR REVENUE                                  | CUSIP: 866465JU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261493.93    | 0.04%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE            | CUSIP: 83712D6H4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3733983.74   | 0.54%             | 2049-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609J56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195849.30    | 0.03%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Sonoma County Union High School District                                    | W SONOMA CNTY CA UNION HIGH SCH DIST                         | CUSIP: 956101JW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1587137.70   | 0.23%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                          | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000ZJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1799391.40   | 0.26%             | 2030-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| College of Charleston                                                            | CLG OF CHARLESTON SC HGR EDU FAC REVENUE                     | CUSIP: 194208JA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4655000 | PA      | $4488810.45   | 0.65%             | 2045-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge Enterprise                                                       | COLORADO ST BRIDGE ENTERPRISE REVENUE                        | CUSIP: 19633SAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2751410.05   | 0.40%             | 2028-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bullhead AZ Excise Taxes Revenue                                         | BULLHEAD CITY AZ EXCISE TAX REVENUE                          | CUSIP: 12022MBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $837063.15    | 0.12%             | 2046-07-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CGW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $343060.47    | 0.05%             | 2044-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                        | GLENDALE AZ INDL DEV AUTH                                    | CUSIP: 378286JQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $174687.07    | 0.03%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Waterstone Metropolitan District No 1                                            | WATERSTONE MET DIST #1 CO                                    | CUSIP: 94189PAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $428788.96    | 0.06%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Cheshire CT                                                              | CHESHIRE CT                                                  | CUSIP: 1653755J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $725677.00    | 0.11%             | 2042-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL 1ST MTGE REVENUE   | CUSIP: 647377AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2347732.59   | 0.34%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                           | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 590545TZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1115844.11   | 0.16%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Sumner WA Water & Sewer Revenue                                          | SUMNER WA WTR & SWR REVENUE                                  | CUSIP: 866465JZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1760279.79   | 0.26%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 165                                  | HARRIS CNTY TX MUNI UTILITY DIST #165                        | CUSIP: 4149624U1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $1933807.43   | 0.28%             | 2044-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Chisholm Creek Utility Authority                                                 | CHISHOLM CREEK KS UTILITY AUTH WTR & WSTWTR FACS REVENUE     | CUSIP: 170123ED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $306356.83    | 0.04%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hot Springs AR Wastewater Revenue                                        | HOT SPRINGS AR WSTWTR REVENUE                                | CUSIP: 441178DS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $705144.75    | 0.10%             | 2045-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Pasadena Independent School District                                             | PASADENA TX INDEP SCH DIST                                   | CUSIP: 702334GZ0<br>LEI: 549300QY114RR4MXVU24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1558966.80   | 0.23%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama/The                                                        | UNIV OF ALABAMA AL UNIV GEN REVENUE                          | CUSIP: 914026XE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $78666.65     | 0.01%             | 2054-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Iredell NC                                                             | IREDELL CNTY NC LTD OBLIG                                    | CUSIP: 46267VBR2<br>LEI: 549300NE65QUOJ0ETV20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $237882.75    | 0.03%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654ZR9<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    800000 | PA      | $774543.76    | 0.11%             | 2049-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Warren County School District No R-III                                           | WARREN CNTY MO REORG SCH DIST#R-3                            | CUSIP: 935069GS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020326.40   | 0.15%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                              | HOWARD CNTY MD RETMNT CMNTY REVENUE                          | CUSIP: 442593BB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1951025.11   | 0.28%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Louis County Industrial Development Authority                                 | SAINT LOUIS CNTY MO INDL DEV AUTH SENIOR LIVING FACS         | CUSIP: 791524BW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $214098.33    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783YU4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    840000 | PA      | $843289.19    | 0.12%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031H63<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2383357.25   | 0.35%             | 2062-03-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Civic Facility Development Corp                                 | JEFFERSON CNTY NY CIVIC FAC DEV CORP                         | CUSIP: 47325RAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1381427.85   | 0.20%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | VANCOUVER WA HSG AUTH MF REVENUE                             | CUSIP: 92162PAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1983649.80   | 0.29%             | 2042-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AN48<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2292643.91   | 0.33%             | 2050-12-01      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Waterstone Metropolitan District No 1                                            | WATERSTONE MET DIST #1 CO                                    | CUSIP: 94189PAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523062.65    | 0.08%             | 2040-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FK38<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1190209.44   | 0.17%             | 2044-11-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Adams County General Authority                                                   | ADAMS CNTY PA GEN AUTH CLG REVENUE                           | CUSIP: 00611PBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $193309.78    | 0.03%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coconino County Unified School District No 1-Flagstaff/AZ                        | COCONINO CNTY AZ UNIF SCH DIST #1 FLAGSTAFF                  | CUSIP: 191810LE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $352463.02    | 0.05%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                                     | CLACKAMAS CNTY OR HOSP FAC AUTH REVENUE                      | CUSIP: 179027YH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302248.11    | 0.04%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371515L9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032725.20   | 0.15%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PZR9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53773.98     | 0.01%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA DEV FIN AUTH LEASE REVENUE                          | CUSIP: 67884GVD3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3290648.73   | 0.48%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTHCARE REVENUE        | CUSIP: 83704HAF4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    450000 | PA      | $463653.23    | 0.07%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sumner WA Water & Sewer Revenue                                          | SUMNER WA WTR & SWR REVENUE                                  | CUSIP: 866465JR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $320815.56    | 0.05%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609J64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97185.73     | 0.01%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST ALGAS PREPAY REVENUE              | CUSIP: 09182RBF7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4895989.00   | 0.71%             | 2049-10-01      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CAZ2<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    345000 | PA      | $339232.77    | 0.05%             | 2028-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                             | CUSIP: 04052AEF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2363208.10   | 0.34%             | 2028-10-01      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389E46<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4436337.50   | 0.64%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Industrial Authority                                                | TULSA CNTY OK INDL AUTH SENIOR LIVING CMNTY REVENUE          | CUSIP: 899530AT6<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    400000 | PA      | $403507.64    | 0.06%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Clair County School District No 118 Belleville                                | SAINT CLAIR CNTY IL SCH DIST #118 BELLEVILLE                 | CUSIP: 788448JZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1653421.93   | 0.24%             | 2039-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metro/OR                                                                         | METRO OR                                                     | CUSIP: 59163PMP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2182986.92   | 0.32%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $853404.84    | 0.12%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654C52<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2566291.78   | 0.37%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790RU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $472944.08    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667AT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3129967.50   | 0.45%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinellas County Educational Facilities Authority                                 | PINELLAS CNTY FL EDUCTNL FACS AUTH                           | CUSIP: 723161GY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $307338.59    | 0.04%             | 2028-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2556940.63   | 0.37%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinellas County Educational Facilities Authority                                 | PINELLAS CNTY FL EDUCTNL FACS AUTH                           | CUSIP: 723161GZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2669150.62   | 0.39%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue       | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HNJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2012067.39   | 0.29%             | 2027-07-01      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5041454.50   | 0.73%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                         | BEVERLY HILLS CA UNIF SCH DIST                               | CUSIP: 088023PG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3840000 | PA      | $3246462.72   | 0.47%             | 2044-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045R47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $649154.22    | 0.09%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE            | CUSIP: 11943KCL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1737071.38   | 0.25%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                                           | VERMONT ST ECON DEV AUTH MTGEREVENUE                         | CUSIP: 92415TBK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $745000.00    | 0.11%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    215000 | PA      | $215029.22    | 0.03%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTHCARE REVENUE        | CUSIP: 83704HAG2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    400000 | PA      | $409942.52    | 0.06%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sumner WA Water & Sewer Revenue                                          | SUMNER WA WTR & SWR REVENUE                                  | CUSIP: 866465JV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $312639.87    | 0.05%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BZK0<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088785.80   | 0.16%             | 2036-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                           | U.S. Treasury Notes                                          | CUSIP: 91282CHV6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5500000 | PA      | $5510981.36   | 0.80%             | 2025-08-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REVENUE             | CUSIP: 65820BAZ9<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1222112.26   | 0.18%             | 2044-01-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1081442.63   | 0.16%             | 2042-05-01      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH REVENUE                    | CUSIP: 696507TY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300036.18    | 0.04%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH REVENUE                    | CUSIP: 696507TX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $255033.97    | 0.04%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YMF3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1025527.73   | 0.15%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Department of Housing & Community Development                           | MARYLAND CMNTY DEV ADMIN HSG & CMNTY DEV                     | CUSIP: 57419UKC1<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3483975.25   | 0.51%             | 2044-07-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Williston Basin School District No 7                                             | WILLISTON BASIN SCH DIST #007 ND                             | CUSIP: 970680AU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $23523.69     | 0.00%             | 2043-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| County of Cecil MD                                                               | CECIL CNTY MD                                                | CUSIP: 14984PFX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2712624.93   | 0.39%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Altoona Area School District                                                     | ALTOONA PA AREA SCH DIST                                     | CUSIP: 021807MV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $604097.55    | 0.09%             | 2034-12-01      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                             | VIRGINIA BEACH VA DEV AUTH RSDL CARE FAC REVENUE             | CUSIP: 92774NBD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012346.80   | 0.29%             | 2030-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS                                 | CUSIP: 5444354M9<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   4925000 | PA      | $4927667.38   | 0.71%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Industrial Authority                                                | TULSA CNTY OK INDL AUTH SENIOR LIVING CMNTY REVENUE          | CUSIP: 899530AS8<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    540000 | PA      | $543918.13    | 0.08%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH SOL WST DISP REVENUE                       | CUSIP: 56042CAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $936448.30    | 0.14%             | 2035-08-01      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Town of Bennett CO Wastewater Revenue                                            | BENNETT CO WSTWTR REVENUE                                    | CUSIP: 082162AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $877242.14    | 0.13%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kent State University                                                            | KENT OH ST UNIV REVENUES                                     | CUSIP: 490728G71<br>LEI: 549300HL3HX54032AG28 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3280616.10   | 0.48%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH ST HSG CORP MF REVENUE                                  | CUSIP: 917434DH2<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1728137.55   | 0.25%             | 2045-02-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Town of West Hartford CT                                                         | WEST HARTFORD CT                                             | CUSIP: 953107DK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750827.03    | 0.11%             | 2045-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EMQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1135060.24   | 0.16%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NKH1<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1558062.95   | 0.23%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spartanburg Regional Health Services District                                    | SPARTANBURG SC REGL HLTH SVCS DIST INC HOSP REVENUE          | CUSIP: 847113CG0<br>LEI: 549300CVHLQ72HQF3340 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $2792215.22   | 0.40%             | 2043-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mattawan Consolidated School District/MI                                         | MATTAWAN MI CONSOL SCH DIST                                  | CUSIP: 577056LL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $927910.72    | 0.13%             | 2032-05-01      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNL9<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    115000 | PA      | $114872.98    | 0.02%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE            | CUSIP: 11943KCM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1325478.53   | 0.19%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamilton County & Chattanooga Sports Authority                                   | HAMILTON CNTY & CHATTANOOGA SPORTS AUTH TN PUB FAC REVENUE   | CUSIP: 407081AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1878863.92   | 0.27%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197915.22    | 0.03%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609J98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $331021.25    | 0.05%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino County Redevelopment Agency Successor Agency                      | SAN BERNARDINO CNTY CA REDEV AGY SUCCESSOR AGY TAX ALLOCATIO | CUSIP: 79687DAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498633.55    | 0.07%             | 2025-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| County of Florence SC                                                            | FLORENCE CNTY SC SPL SOURCE REVENUE                          | CUSIP: 34015TAX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2354253.32   | 0.34%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fullerton Joint Union High School District                                       | FULLERTON CA JT UNION HIGH SCH DIST                          | CUSIP: 359796LE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4965000 | PA      | $4611267.09   | 0.67%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                         | CUSIP: 60635H3A5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    310000 | PA      | $293176.49    | 0.04%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                                     | CLACKAMAS CNTY OR HOSP FAC AUTH REVENUE                      | CUSIP: 179027YJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $317312.29    | 0.05%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Centerville OH                                                           | CENTERVILLE OH HLTH CARE REVENUE                             | CUSIP: 152241AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $324279.80    | 0.05%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                        | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HE44<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1725607.12   | 0.25%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                             | CHARLES CNTY MD                                              | CUSIP: 159808ST2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $417137.15    | 0.06%             | 2047-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH REVENUE                    | CUSIP: 696507UF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $784799.18    | 0.11%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783TA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    985000 | PA      | $988111.02    | 0.14%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama/The                                                        | UNIV OF ALABAMA AL UNIV GEN REVENUE                          | CUSIP: 914026WT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2885000 | PA      | $2713762.84   | 0.39%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Berkeley Unified School District/CA                                              | BERKELEY CA UNIF SCH DIST                                    | CUSIP: 084154M75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2879781.50   | 0.42%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505PS9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1913348.00   | 0.28%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                  | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE              | CUSIP: 30382VAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2128368.51   | 0.31%             | 2054-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2077386.70   | 0.30%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 6589093H7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2206341.50   | 0.32%             | 2043-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204N90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1496262.14   | 0.22%             | 2033-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609J72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $192648.18    | 0.03%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151S75<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $2131070.21   | 0.31%             | 2034-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                             | KANSAS ST DEV FIN AUTH REVENUE                               | CUSIP: 48542RVH4<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   2315000 | PA      | $1978460.58   | 0.29%             | 2038-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783SZ0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    415000 | PA      | $412047.44    | 0.06%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                          | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                | CUSIP: 586111MY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2032477.27   | 0.29%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST COPS                                         | CUSIP: 709144PA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2187837.86   | 0.32%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20774U3A1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.14%             | 2040-07-01      | Floating      | 3.32%                 | No            |                  2 | On Loan: No      |
| Town of East Longmeadow MA                                                       | EAST LONGMEADOW MA                                           | CUSIP: 273533UK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1098807.26   | 0.16%             | 2042-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| South Village Community Development District                                     | S VLG FL CDD CAPITAL IMPT REVENUE                            | CUSIP: 84060HAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95000.00     | 0.01%             | 2025-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501VF9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1342178.14   | 0.19%             | 2028-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3816877.13   | 0.55%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Sumner WA Water & Sewer Revenue                                          | SUMNER WA WTR & SWR REVENUE                                  | CUSIP: 866465JS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $227852.72    | 0.03%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479EN3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    830000 | PA      | $838805.64    | 0.12%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain View School District/Los Angeles County                                 | MOUNTAIN VIEW CA SCH DIST LOS ANGELES CNTY                   | CUSIP: 624403LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058941.30   | 0.15%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH CMWLTH MTGE                         | CUSIP: 92812UU48<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    380000 | PA      | $394685.94    | 0.06%             | 2043-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Menlo Park City School District                                                  | MENLO PARK CA CITY SCH DIST                                  | CUSIP: 586840QC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2313956.81   | 0.34%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | BALTIMORE MD SPL OBLIG                                       | CUSIP: 05923TCR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $280799.74    | 0.04%             | 2035-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Larkspur-Corte Madera School District                                            | LARKSPUR-CORTE MADERA CA SCH DIST                            | CUSIP: 51724TDB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $536586.70    | 0.08%             | 2033-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UDQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1211722.82   | 0.18%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501VD4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1481789.41   | 0.21%             | 2026-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039160.00   | 0.15%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Norfolk Redevelopment & Housing Authority                                        | NORFOLK VA REDEV & HSG AUTH REVENUE                          | CUSIP: 655909CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1057584.93   | 0.15%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Housing Authority/GA                                              | DOUGLAS CNTY GA HSG AUTH MF TAX EXEMPT BONDS                 | CUSIP: 259029AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $2880543.51   | 0.42%             | 2043-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI TX UTILITY SYSREVENUE                         | CUSIP: 220245Y65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3930000 | PA      | $3639377.68   | 0.53%             | 2048-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST                                                  | CUSIP: 574193PS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $148799.67    | 0.02%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | BALTIMORE MD SPL OBLIG                                       | CUSIP: 05923TCS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $560238.45    | 0.08%             | 2039-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1266934.53   | 0.18%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp                                                           | LOUISIANA ST HSG CORP SF MTGE REVENUE                        | CUSIP: 54627DTV3<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   3910000 | PA      | $3854907.32   | 0.56%             | 2045-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647EQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5025309.50   | 0.73%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HUF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4102833.75   | 0.59%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE               | CUSIP: 63968M7G8<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2266488.57   | 0.33%             | 2049-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority/PA                              | FRANKLIN CNTY PA INDL DEV AUTH REVENUE                       | CUSIP: 353273CC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $348654.81    | 0.05%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Falls Church VA                                                          | FALLS CHURCH VA                                              | CUSIP: 306567SV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1161520.62   | 0.17%             | 2042-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County & Phoenix Industrial Development Authorities                     | MARICOPA CNTY & PHOENIX AZ INDL DEV AUTHORITIES MTGE REVENUE | CUSIP: 566736GN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1038423.46   | 0.15%             | 2044-09-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI STUDENT HSG REVENUE                       | CUSIP: 74439YCU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1602878.98   | 0.23%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5012701.50   | 0.73%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045W41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1962288.32   | 0.28%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031YV9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    600000 | PA      | $583310.16    | 0.08%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                                           | VERMONT ST ECON DEV AUTH MTGEREVENUE                         | CUSIP: 92415TBL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $586078.27    | 0.08%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526Q2P6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    530000 | PA      | $517899.52    | 0.08%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628C2H4<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2287687.78   | 0.33%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Oroville CA                                                              | OROVILLE CA REVENUE                                          | CUSIP: 687241AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1412324.13   | 0.20%             | 2031-04-01      | 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: 64972ELB3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2975000 | PA      | $2319348.08   | 0.34%             | 2039-11-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| City of Sumner WA Water & Sewer Revenue                                          | SUMNER WA WTR & SWR REVENUE                                  | CUSIP: 866465JQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $291508.88    | 0.04%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TXH1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2589358.50   | 0.38%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentfield School District                                                        | KENTFIELD CA SCH DIST                                        | CUSIP: 490818NN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1446789.11   | 0.21%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QUY7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1960534.80   | 0.28%             | 2044-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FBQ6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    400000 | PA      | $402434.28    | 0.06%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Delaware                                                           | UNIV OF DELAWARE DE REVENUE                                  | CUSIP: 91425MDV6<br>LEI: KPIOJCFMR70NWLS6O145 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3200000.00   | 0.46%             | 2037-11-01      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Hancock County Redevelopment Authority                                           | HANCOCK CNTY IN REDEV AUTH REDEV DIST LEASE RENT             | CUSIP: 40985AAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $692280.56    | 0.10%             | 2045-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3863184.40   | 0.56%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Crawford County Hospital Authority                                               | CRAWFORD CNTY PA HOSP AUTH                                   | CUSIP: 225004AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4715000 | PA      | $4718798.40   | 0.68%             | 2051-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Spring Lake Public Schools                                                       | SPRING LAKE MI PUBLIC SCHS                                   | CUSIP: 849765JA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530363.90    | 0.08%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                 | CUSIP: 71885DEB4<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1231235.97   | 0.18%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783YY6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    750000 | PA      | $724109.93    | 0.10%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily ML Certificates                                          | FRETE 2017-ML01 TRUST                                        | CUSIP: 302611AA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    439755 | PA      | $439646.22    | 0.06%             | 2033-01-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| City of Grosse Pointe Farms MI                                                   | GROSSE POINTE FARMS MI                                       | CUSIP: 399028FY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $567566.08    | 0.08%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Eagle CO                                                               | EAGLE CNTY CO COPS                                           | CUSIP: 26947NEM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1276188.48   | 0.18%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4520766.80   | 0.66%             | 2045-07-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Sheldon Community School District School Infrastructure Sales Services & Use Tax | SHELDON IA CMNTY SCH DIST SCH INFRASTRUCTURE SALES & USE TAX | CUSIP: 822466AT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $606429.84    | 0.09%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654ZQ1<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1989331.60   | 0.29%             | 2044-12-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTHCARE REVENUE        | CUSIP: 83704HAJ6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    375000 | PA      | $381186.15    | 0.06%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bassett Unified School District                                                  | BASSETT CA UNIF SCH DIST                                     | CUSIP: 070185WP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2422834.33   | 0.35%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE         | CUSIP: 649852AQ3<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1101873.99   | 0.16%             | 2044-12-01      | Floating      | 2.88%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628C2V3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |     85000 | PA      | $74925.02     | 0.01%             | 2049-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1512078.18   | 0.22%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Suffolk County Economic Development Corp                                         | SUFFOLK CNTY NY ECON DEV CORPREVENUE                         | CUSIP: 86476RDH4<br>LEI: 5493003FN78GO4R0BJ89 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507776.20    | 0.07%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                        | ANNE ARUNDEL CNTY MD SPL TAX DIST                            | CUSIP: 035898CG8<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    455000 | PA      | $428785.68    | 0.06%             | 2044-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                         | CLEVELAND-CUYAHOGA CNTY OH PORT AUTH CULTURAL FAC REVENUE    | CUSIP: 18610PAS7<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    720000 | PA      | $729518.40    | 0.11%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    489168 | PA      | $328390.32    | 0.05%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1118800.88   | 0.16%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Multifamily Mortgage Bonds                                                       | Wyoming Community Development Authority                      | CUSIP: 98322TAE1<br>LEI: 549300UQ62NB8FGTHW65 | Long             | ABS-MBS          | CORP              | US        |   2835000 | PA      | $2719677.30   | 0.39%             | 2041-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772JD90<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5006821.50   | 0.73%             | 2034-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE               | CUSIP: 63968M5Q8<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    470000 | PA      | $465507.46    | 0.07%             | 2044-09-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VSC9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    530000 | PA      | $526513.98    | 0.08%             | 2027-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526Q2H4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    170000 | PA      | $169821.96    | 0.02%             | 2025-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775HFF5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1025041.95   | 0.15%             | 2027-11-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | BEXAR CNTY TX REVENUE                                        | CUSIP: 088518PC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1269844.80   | 0.18%             | 2033-08-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| ABC Unified School District                                                      | ABC CA UNIF SCH DIST                                         | CUSIP: 000416Z42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4830000 | PA      | $4569009.02   | 0.66%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EXEMPT FACS REVENUE                       | CUSIP: 74443QAC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000703.00   | 0.15%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153GN3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1880372.80   | 0.27%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038924.70   | 0.15%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HX72<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1675330.81   | 0.24%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2090184.76   | 0.30%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Louis Land Clearance for Redevelopment Authority                              | SAINT LOUIS MO LAND CLEARANCEREDEV AUTH SPL REVENUE          | CUSIP: 79165YAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $615841.49    | 0.09%             | 2035-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371515J4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571203.35   | 0.23%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT REVENUE           | CUSIP: 93978LHX7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2494908.99   | 0.36%             | 2055-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mandan Public School District No 1                                               | MANDAN ND PUBLIC SCH DIST #1                                 | CUSIP: 562578PN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1127928.31   | 0.16%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville GA Water & Sewerage Revenue                                  | GAINESVILLE GA WTR & SWR REVENUE                             | CUSIP: 363010ZH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $623174.82    | 0.09%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486MM8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2908851.79   | 0.42%             | 2035-01-01      | Fixed         | 7.78%                 | No            |                  2 | On Loan: No      |
| Manteca Unified School District                                                  | MANTECA CA UNIF SCH DIST                                     | CUSIP: 564538JK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1936454.71   | 0.28%             | 2044-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL 1ST MTGE REVENUE   | CUSIP: 647377AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $283685.04    | 0.04%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County & Phoenix Industrial Development Authorities                     | MARICOPA CNTY & PHOENIX AZ INDL DEV AUTHORITIES MTGE REVENUE | CUSIP: 566736HR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1357471.75   | 0.20%             | 2044-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Walton County Water & Sewer Authority                                            | WALTON CNTY GA WTR & SWR AUTH REVENUE                        | CUSIP: 93342PFL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1336704.59   | 0.19%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                               | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1020217.46   | 0.15%             | 2027-09-15      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609K39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $371118.96    | 0.05%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201KN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $769105.85    | 0.11%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Eagle CO                                                               | EAGLE CNTY CO COPS                                           | CUSIP: 26947NEN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $639188.37    | 0.09%             | 2049-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer