# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-23-069889
**Filing Date:** 2023-3
**Character Count:** 74653
**Document Hash:** 7684499fa32f5339fb49562375916025
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-069889.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-069889

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EATON VANCE MUNICIPALS TRUST
- **CENTRAL INDEX KEY:** 0000778365
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04409
- **FILM NUMBER:** 23768479

**BUSINESS ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

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

## Series and Classes Contracts Data

### Eaton Vance Minnesota Municipal Income Fund (Series ID: S000004843)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000013114 | Eaton Vance Minnesota Municipal Income Fund Class A | ETMNX           |
| C000013116 | Eaton Vance Minnesota Municipal Income Fund Class C | ECMNX           |
| C000092718 | Eaton Vance Minnesota Municipal Income Fund Class I | EIMNX           |

## 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:** TWO INTERNATIONAL PLACE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

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

- **b. EDGAR series identifier (if any):** S000004843

- **c. LEI of Series:** 549300BHOZ0I8HHJ1P48

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $217488851.85

**Total Liabilities:** $3255428.66

**Net Assets:** $214233423.19

**Delayed Delivery Securities:** $2227162.50

**Cash Not Reported:** $6962498.26

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -303.35000000 | **1-Year:** -13203.41000000 | **5-Year:** -41027.76000000 | **10-Year:** -32478.22000000 | **30-Year:** -8492.70000000

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

- **3-Month:** -18.03000000 | **1-Year:** -759.05000000 | **5-Year:** -2393.14000000 | **10-Year:** -2563.51000000 | **30-Year:** -1104.03000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092718 | 3.69%                | 0.10%                | 2.33%                |
| Class ID C000013114 | 3.67%                | 0.08%                | 2.32%                |
| Class ID C000013116 | 3.69%                | 0.02%                | 2.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-532889.67              | $7522015.88                                |
| Month 2  | $-18986.79               | $-166575.96                                |
| Month 3  | $0.00                    | $4376140.60                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416H3F9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2480535.00   | 1.16%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota | SAINT PAUL MN HSG & REDEV AUTH HLTH CARE REVENUE            | CUSIP: 792909FM0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516360.00    | 0.24%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota | SAINT PAUL MN HSG & REDEV AUTH HLTH CARE FAC REVENUE        | CUSIP: 792905DE8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047370.00   | 0.49%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Scott MN                                                 | SCOTT CNTY MN                                               | CUSIP: 809554WA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2146340.00   | 1.00%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Elk River Independent School District No 728                       | ELK RIVER MN INDEP SCH DIST #728                            | CUSIP: 287425C91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034200.00   | 0.95%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission               | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE | CUSIP: 603827E36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1327056.00   | 0.62%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Minnesota Municipal Power Agency                          | STHRN MINNESOTA ST MUNI PWR AGY PWR SPLY SYS REVENUE        | CUSIP: 843375QM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8520120.00   | 3.98%             | 2025-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pipestone-Jasper Independent School District No 2689/MN            | PIPESTONE-JASPER MN INDEP SCHDIST #2689                     | CUSIP: 724114BX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1395088.75   | 0.65%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission               | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE | CUSIP: 603827H66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1623030.00   | 0.76%             | 2052-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hopkins Independent School District No 270/MN                      | HOPKINS MN INDEP SCH DIST #270                              | CUSIP: 439881KS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251825.00   | 0.58%             | 2025-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                   | MINNESOTA ST HSG FIN AGY                                    | CUSIP: 60416S4B3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    605000 | PA      | $524746.75    | 0.24%             | 2035-01-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                             | CENTER CITY MN HLTH CARE FACSREVENUE                        | CUSIP: 151452BH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $828275.25    | 0.39%             | 2028-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Paul Port Authority                                             | SAINT PAUL MN PORT AUTH DIST ENERGY REVENUE                 | CUSIP: 79308GAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1244325.00   | 0.58%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rosemount-Apple Valley-Eagan Independent School District No 196    | ROSEMOUNT MN INDEP SCH DIST #196                            | CUSIP: 777594YX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082830.00   | 0.51%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Minnesota Municipal Power Agency                           | CENTRL MN MUNI PWR AGY                                      | CUSIP: 154136AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $231728.00    | 0.11%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Maple Grove MN                                             | MAPLE GROVE MN HLTH CARE FACS REVENUE                       | CUSIP: 56516TBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530025.00    | 0.25%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JBW9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    910000 | PA      | $961606.10    | 0.45%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Paul MN                                                 | ST PAUL MN                                                  | CUSIP: 792882DW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1370448.00   | 0.64%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cloquet Independent School District No 94                          | CLOQUET MN INDEP SCH DIST #94                               | CUSIP: 189036NR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2091380.00   | 0.98%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eden Prairie Independent School District No 272                    | EDEN PRAIRIE MN INDEP SCH DIST #272                         | CUSIP: 279533WD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1128810.00   | 0.53%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rosemount-Apple Valley-Eagan Independent School District No 196    | ROSEMOUNT MN INDEP SCH DIST #196                            | CUSIP: 777594YY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2105680.00   | 0.98%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission               | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE | CUSIP: 603827WS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099850.00   | 0.51%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                              | HENNEPIN CNTY MN                                            | CUSIP: 425507LU2<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1224550.00   | 0.57%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Coon Rapids MN                                             | COON RAPIDS MN                                              | CUSIP: 21657ATD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1854339.00   | 0.87%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                   | MINNESOTA ST HSG FIN AGY                                    | CUSIP: 60416TCP1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    900000 | PA      | $650340.00    | 0.30%             | 2045-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                | SAINT CLOUD MN HLTH CARE REVENUE                            | CUSIP: 78916VDR8<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2729102.50   | 1.27%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chaska MN Electric Revenue                                 | CHASKA MN ELEC REVENUE                                      | CUSIP: 161670FB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $586767.50    | 0.27%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN Electric Utility Revenue                      | ROCHESTER MN ELEC UTILITY REVENUE                           | CUSIP: 77158PFW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $770049.00    | 0.36%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Municipal Power Agency                                    | NTHRN MN MUNI PWR AGY ELEC SYS REVENUE                      | CUSIP: 665444KS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $499964.80    | 0.23%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JBB5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545110.00    | 0.25%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                            | UNIV OF MINNESOTA MN                                        | CUSIP: 914468EV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $663781.25    | 0.31%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Worthington Independent School District No 518                     | WORTHINGTON MN INDEP SCH DIST#518                           | CUSIP: 981865KP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $771741.40    | 0.36%             | 2031-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota | SAINT PAUL MN HSG & REDEV AUTH CHRT SCH LEASE REVENUE       | CUSIP: 852297DA5<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960220.00    | 0.45%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Public Facilities Authority                              | MINNESOTA ST PUBLIC FACS AUTH REVOLVING FUND REVENUE        | CUSIP: 604115CL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083840.00   | 0.51%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | MINNESOTA ST                                                | CUSIP: 60412AYJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1339231.90   | 0.63%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416HX82<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1544835.00   | 0.72%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                           | WSTRN MN MUNI PWR AGY                                       | CUSIP: 958697LJ1<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1146150.00   | 0.54%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                             | CENTER CITY MN HLTH CARE FACSREVENUE                        | CUSIP: 151452BJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305808.00    | 0.14%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue             | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE           | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2963220.00   | 1.38%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN/St Paul Housing & Redevelopment Authority   | MINNEAPOLIS MN & SAINT PAUL MN HSG & REDEV AUTH HLTH CARE   | CUSIP: 603695JC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $1006005.90   | 0.47%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                        | PUERTO RICO CMWLTH                                          | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $543350.00    | 0.25%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Minnesota Public Facilities Authority                              | MINNESOTA ST PUBLIC FACS AUTH REVOLVING FUND REVENUE        | CUSIP: 604115CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083530.00   | 0.51%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | MINNESOTA ST                                                | CUSIP: 60412ALK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115690.00   | 0.52%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Russell Tyler Ruthton Independent School District No 2902          | RUSSELL-TYLER-RUTHTON INDEP SCH DIST #2902 MN               | CUSIP: 78271CAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1547252.00   | 0.72%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anoka-Hennepin Independent School District No 11                   | ANOKA-HENNEPIN MN INDEP SCH DIST #11 COPS                   | CUSIP: 036312AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022280.00   | 0.48%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN Sales Tax Revenue                            | HENNEPIN CNTY MN SALES TAX REVENUE                          | CUSIP: 425538CV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1386652.25   | 0.65%             | 2024-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                               | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA              | CUSIP: 5918522E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2280860.00   | 1.06%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | MINNESOTA ST GEN FUND REVENUE                               | CUSIP: 604146GB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3335550.00   | 1.56%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Power Agency                                   | MINNESOTA ST MUNI PWR AGY ELEC REVENUE                      | CUSIP: 60412PEX4<br>LEI: 5493007DGBKI6ICBXO38 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259475.00    | 0.12%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JDH0<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    125000 | PA      | $132973.75    | 0.06%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Robbinsdale Independent School District No 281                     | ROBBINSDALE MN INDEP SCH DIST#281                           | CUSIP: 770265GE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1138562.90   | 0.53%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                           | WSTRN MN MUNI PWR AGY                                       | CUSIP: 958697LG7<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |    750000 | PA      | $825480.00    | 0.39%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Gas Agency                                     | MINNESOTA MUNI GAS AGY COMMODITY SPLY REVENUE               | CUSIP: 60406UAM9<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2085327.40   | 0.97%             | 2052-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| St Paul Port Authority                                             | SAINT PAUL MN PORT AUTH DIST ENERGY REVENUE                 | CUSIP: 79308GAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990230.00    | 0.46%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                              | HENNEPIN CNTY MN                                            | CUSIP: 425507HN3<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2630048.40   | 1.23%             | 2033-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                              | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE              | CUSIP: 26444CKF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $208890.00    | 0.10%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Anoka-Hennepin Independent School District No 11                   | ANOKA-HENNEPIN MN INDEP SCH DIST #11                        | CUSIP: 0363033B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1154098.40   | 0.54%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission               | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE | CUSIP: 603827L53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1896755.00   | 0.89%             | 2047-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                               | ROCHESTER MN HLTH CARE FACS REVENUE                         | CUSIP: 771902HM8<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    750000 | PA      | $828142.50    | 0.39%             | 2057-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Paul MN                                                 | SAINT PAUL MN                                               | CUSIP: 7928816K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $827077.50    | 0.39%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Louis Park Independent School District No 283                   | SAINT LOUIS PARK MN INDEP SCHDIST #283                      | CUSIP: 791757GN1<br>LEI: 549300LTLJF3QX58Q574 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2128020.00   | 0.99%             | 2031-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hennepin County Regional Railroad Authority                        | HENNEPIN CNTY MN REGL RAILROAD AUTH                         | CUSIP: 425533CK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $778302.00    | 0.36%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416H4T8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    565000 | PA      | $605776.05    | 0.28%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | MINNESOTA ST GEN FUND REVENUE                               | CUSIP: 604146CA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1344825.60   | 0.63%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centennial Independent School District No 12                       | CIRCLE PINES MN INDEP SCH DIST #12                          | CUSIP: 172648MV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $223093.50    | 0.10%             | 2035-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JBY5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $279750.00    | 0.13%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                   | MINNESOTA ST HSG FIN AGY                                    | CUSIP: 60416S7K0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2103395.25   | 0.98%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission               | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE | CUSIP: 603827WC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019240.00   | 0.48%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                      | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                 | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201568.00    | 0.09%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Maple Grove MN                                             | MAPLE GROVE MN HLTH CARE FACS REVENUE                       | CUSIP: 56516TBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532600.00    | 0.25%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Municipal Power Agency                                    | NTHRN MN MUNI PWR AGY ELEC SYS REVENUE                      | CUSIP: 665444KZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $251196.00    | 0.12%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                            | UNIV OF MINNESOTA MN                                        | CUSIP: 914460NY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $541920.00    | 0.25%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JFL9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2125180.00   | 0.99%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                             | MINNEAPOLIS MN HLTH CARE SYS REVENUE                        | CUSIP: 60374VEU3<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3293582.50   | 1.54%             | 2039-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JDG2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    115000 | PA      | $120643.05    | 0.06%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416H3L6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549500.00    | 0.26%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                              | HENNEPIN CNTY MN                                            | CUSIP: 425507FZ8<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2181680.00   | 1.02%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of North Oaks MN                                              | N OAKS MN SENIOR HSG REVENUE                                | CUSIP: 66126TAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1605952.00   | 0.75%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Duluth MN                                                  | DULUTH MN                                                   | CUSIP: 264438X80<br>LEI: 54930056ACOJTRDUDE38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070490.00   | 0.50%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waseca Independent School District No 829/MN                       | WASECA MN INDEP SCH DIST #829                               | CUSIP: 937088LJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1658223.00   | 0.77%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wayzata MN                                                 | WAYZATA MN SENIOR HSG REVENUE                               | CUSIP: 946829BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $364429.95    | 0.17%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Maple Grove MN                                             | MAPLE GROVE MN HLTH CARE FACS REVENUE                       | CUSIP: 56516TBP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $907460.00    | 0.42%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                             | MINNEAPOLIS MN HLTH CARE SYS REVENUE                        | CUSIP: 60374VEN9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050500.00   | 0.96%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hawley Independent School District No 150                          | HAWLEY MN INDEP SCH DIST #150                               | CUSIP: 420416GS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2291040.00   | 1.07%             | 2046-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                             | MINNEAPOLIS MN HLTH CARE SYS REVENUE                        | CUSIP: 60374VDM2<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    225000 | PA      | $237190.50    | 0.11%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JDA5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1495350.00   | 0.70%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                               | PUERTO RICO ELEC PWR AUTH PWR REVENUE                       | CUSIP: 74526QPQ9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1158130.50   | 0.54%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Apple Valley MN                                            | APPLE VY MN SENIOR HSG REVENUE                              | CUSIP: 03800RAT3<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    940000 | PA      | $858492.60    | 0.40%             | 2053-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416H3H5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102280.00   | 0.51%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                             | MINNEAPOLIS MN                                              | CUSIP: 60375BLT1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2607975.00   | 1.22%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JDK3<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109363.00    | 0.05%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Watertown-Mayer Independent School District No 111                 | WATERTOWN MN INDEP SCH DIST #111                            | CUSIP: 942078PF7<br>LEI: 54930063VDFCOT0H1836 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $618300.00    | 0.29%             | 2036-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                            | UNIV OF MINNESOTA MN                                        | CUSIP: 914460PJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116740.00   | 0.99%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                              | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE              | CUSIP: 26444CKA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $519256.40    | 0.24%             | 2034-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Centennial Independent School District No 12                       | CIRCLE PINES MN INDEP SCH DIST #12                          | CUSIP: 172648MN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $858920.00    | 0.40%             | 2028-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Edina Independent School District No 273                           | EDINA MN INDEP SCH DIST #273                                | CUSIP: 280659UK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1796713.75   | 0.84%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota | SAINT PAUL MN HSG & REDEV AUTH HLTH CARE FAC REVENUE        | CUSIP: 792905DG3<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2083757.55   | 0.97%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416HV27<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    750000 | PA      | $796582.50    | 0.37%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                              | HENNEPIN CNTY MN                                            | CUSIP: 425507NQ9<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2344200.00   | 1.09%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416HP40<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524700.00    | 0.24%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Lake Park Independent School District No 16                 | SPRING LAKE PARK MN INDEP SCH DIST #16                      | CUSIP: 849832VZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1132845.75   | 0.53%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416HZ80<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510370.00    | 0.24%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                           | WSTRN MN MUNI PWR AGY                                       | CUSIP: 958697LK8<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |    750000 | PA      | $875722.50    | 0.41%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Rice MN                                                  | RICE CNTY MN                                                | CUSIP: 762698LE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3070350.00   | 1.43%             | 2052-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                        | PUERTO RICO CMWLTH                                          | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1597335.00   | 0.75%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                              | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE              | CUSIP: 26444CHC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3098520.00   | 1.45%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Burnsville MN                                              | BURNSVILLE MN                                               | CUSIP: 1224582P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $719827.20    | 0.34%             | 2031-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Duluth MN                                                  | DULUTH MN                                                   | CUSIP: 264438Y30<br>LEI: 54930056ACOJTRDUDE38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064540.00   | 0.50%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                               | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA              | CUSIP: 591852J58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2782775.00   | 1.30%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416H7Z1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    650000 | PA      | $714109.50    | 0.33%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                               | ROCHESTER MN HLTH CARE FACS REVENUE                         | CUSIP: 771902HF3<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004310.00   | 0.47%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis Park MN                                           | SAINT LOUIS PARK MN                                         | CUSIP: 791740J79<br>LEI: 549300F6X6Q4H3ALF786 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069210.00   | 0.50%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sartell-St Stephen Independent School District No 748              | SARTELL MN INDEP SCH DIST #748                              | CUSIP: 803820LA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1017657.00   | 0.48%             | 2032-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JCX6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1693286.50   | 0.79%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN Electric Utility Revenue                      | ROCHESTER MN ELEC UTILITY REVENUE                           | CUSIP: 77158PFV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $772212.00    | 0.36%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416H8G2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506235.00    | 0.24%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                              | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE              | CUSIP: 26444CGX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053300.00   | 0.49%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dilworth Glyndon Felton Independent School District No 2164        | DILWORTH-GLYNDON-FELTON MN INDEP SCH DIST #2164             | CUSIP: 254278KE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $770858.10    | 0.36%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Burnsville MN                                              | BURNSVILLE MN                                               | CUSIP: 1224582Q4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $632610.80    | 0.30%             | 2032-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JAR1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    400000 | PA      | $399140.00    | 0.19%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                               | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA              | CUSIP: 5918522R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2331740.00   | 1.09%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                               | ROCHESTER MN HLTH CARE FACS REVENUE                         | CUSIP: 771902FC2<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 2.80%             | 2038-11-15      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Hutchinson Utilities Commission                                    | HUTCHINSON MN PUBLIC UTILITY REVENUE                        | CUSIP: 44835ECE6<br>LEI: 5493006H504KBMJSAU33 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350770.00    | 0.16%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mahtomedi Independent School District No 832                       | MAHTOMEDI MN INDEP SCH DIST #832                            | CUSIP: 560211MM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044690.00   | 0.49%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis Special School District No 1                           | MINNEAPOLIS MN SPL SCH DIST #1                              | CUSIP: 603790QB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1602465.00   | 0.75%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | MINNESOTA ST                                                | CUSIP: 60412APJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $568170.00    | 0.27%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Power Agency                                   | MINNESOTA ST MUNI PWR AGY ELEC REVENUE                      | CUSIP: 60412PDX5<br>LEI: 5493007DGBKI6ICBXO38 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259475.00    | 0.12%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN/St Paul Housing & Redevelopment Authority   | MINNEAPOLIS MN & SAINT PAUL MN HSG & REDEV AUTH HLTH CARE   | CUSIP: 603695JB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2975000 | PA      | $3278182.25   | 1.53%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Minnesota Municipal Power Agency                           | CENTRL MN MUNI PWR AGY                                      | CUSIP: 154136BD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $345327.80    | 0.16%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                           | WSTRN MN MUNI PWR AGY                                       | CUSIP: 958697KE3<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |    900000 | PA      | $957285.00    | 0.45%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anoka-Hennepin Independent School District No 11                   | ANOKA-HENNEPIN MN INDEP SCH DIST #11                        | CUSIP: 0363033A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110040.00   | 0.52%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Center Independent School District No 286                 | BROOKLYN CENTER MN INDEP SCH DIST #286                      | CUSIP: 113853MG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033600.00   | 0.95%             | 2040-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                               | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA              | CUSIP: 591852P69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073120.00   | 0.50%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Plymouth MN                                                | PLYMOUTH MN                                                 | CUSIP: 7297732F7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $427642.80    | 0.20%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sartell-St Stephen Independent School District No 748              | SARTELL MN INDEP SCH DIST #748                              | CUSIP: 803820LF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $871995.00    | 0.41%             | 2037-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                           | WSTRN MN MUNI PWR AGY                                       | CUSIP: 958697KC7<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070040.00   | 0.50%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Municipal Power Agency                                    | NTHRN MN MUNI PWR AGY ELEC SYS REVENUE                      | CUSIP: 665444KE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $718682.20    | 0.34%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Apple Valley MN                                            | APPLE VY MN SENIOR HSG REVENUE                              | CUSIP: 03800RAR7<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002350.00   | 0.47%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                   | MINNESOTA ST HSG FIN AGY                                    | CUSIP: 60416SPL8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    285000 | PA      | $281349.15    | 0.13%             | 2037-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | MINNESOTA ST                                                | CUSIP: 60412AEJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2135140.00   | 1.00%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | MINNESOTA ST GEN FUND REVENUE                               | CUSIP: 604146CS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2512925.00   | 1.17%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                           | WSTRN MN MUNI PWR AGY                                       | CUSIP: 958697JR6<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023310.00   | 0.48%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maple River Independent School District No 2135/MN                 | MAPLE RIVER MN INDEP SCH DIST#2135                          | CUSIP: 565323CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1227300.00   | 0.57%             | 2045-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota | SAINT PAUL MN HSG & REDEV AUTH HLTH CARE REVENUE            | CUSIP: 792909FG3<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    500000 | PA      | $535910.00    | 0.25%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                             | CENTER CITY MN HLTH CARE FACSREVENUE                        | CUSIP: 151452CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487150.00    | 0.23%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Duluth MN                                                  | DULUTH MN                                                   | CUSIP: 2644386G2<br>LEI: 54930056ACOJTRDUDE38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $573595.00    | 0.27%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota State Colleges And Universities Foundation               | MINNESOTA ST CLGS & UNIV REVENUE                            | CUSIP: 60414FRD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1682590.25   | 0.79%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission               | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE | CUSIP: 603827D60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1359025.00   | 0.63%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota | SAINT PAUL MN HSG & REDEV AUTH HLTH CARE REVENUE            | CUSIP: 792909FD0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081490.00   | 0.50%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                              | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE              | CUSIP: 26444CKE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $351708.75    | 0.16%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Gas Agency                                     | MINNESOTA MUNI GAS AGY COMMODITY SPLY REVENUE               | CUSIP: 60406UAN7<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1957960.00   | 0.91%             | 2052-12-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416JDJ6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107948.00    | 0.05%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota | SAINT PAUL MN HSG & REDEV AUTH HLTH CARE FAC REVENUE        | CUSIP: 792905DD0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523725.00    | 0.24%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416HP57<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1059257.70   | 0.49%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                              | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE              | CUSIP: 26444CKL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068500.00   | 0.97%             | 2052-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                           | WSTRN MN MUNI PWR AGY                                       | CUSIP: 958697LE2<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |    750000 | PA      | $786337.50    | 0.37%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Power Agency                                   | MINNESOTA ST MUNI PWR AGY ELEC REVENUE                      | CUSIP: 60412PEY2<br>LEI: 5493007DGBKI6ICBXO38 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207480.00    | 0.10%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Brooklyn Center MN                                         | BROOKLYN CENTER MN                                          | CUSIP: 113835T36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1146199.20   | 0.54%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416HK78<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1933428.75   | 0.90%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                    | MINNESOTA ST HGR EDU FACS AUTH REVENUE                      | CUSIP: 60416H8F4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509070.00    | 0.24%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                             | CENTER CITY MN HLTH CARE FACSREVENUE                        | CUSIP: 151452BG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $409856.00    | 0.19%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN Electric Utility Revenue                      | ROCHESTER MN ELEC UTILITY REVENUE                           | CUSIP: 77158PGE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $873767.40    | 0.41%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis Special School District No 1                           | MINNEAPOLIS MN SPL SCH DIST #1                              | CUSIP: 603790NL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1688970.00   | 0.79%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Andover MN                                                 | ANDOVER MN                                                  | CUSIP: 034313G26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $858472.80    | 0.40%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of North Oaks MN                                              | N OAKS MN SENIOR HSG REVENUE                                | CUSIP: 66126TAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1685611.20   | 0.79%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-15

**Name of Applicant:** EATON VANCE MUNICIPALS TRUST

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer