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        <name>Glendale Union High School District No 205</name>
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        <name>La Paz County Industrial Development Authority</name>
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      <invstOrSec>
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        <name>Maricopa County Pollution Control Corp</name>
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        <name>Maricopa County Elementary School District No 1-Phoenix Elementary</name>
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        <name>Maricopa County Elementary School District No 6 Washington</name>
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        <name>Maricopa County School District No 7-Wilson Elementary</name>
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      <invstOrSec>
        <name>Maricopa County Elementary School District No 25-Liberty</name>
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        <name>Maricopa County Elementary School District No 33 Buckeye</name>
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        <name>Maricopa County Unified School District No 80 Chandler</name>
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        <name>Maricopa County School District No 83-Cartwright Elementary</name>
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        <name>Maricopa County Unified School District No 60 Higley</name>
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        <name>Navajo County Unified School District No 27 Kayenta</name>
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        <name>City of Phoenix Civic Improvement Corp</name>
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        <name>City of Phoenix Civic Improvement Corp</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
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        <name>Town of Queen Creek AZ Excise Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Town of Queen Creek AZ Excise Tax Revenue</name>
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          <isin value="US74823YHC21"/>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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          <isin value="US79574CFR97"/>
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        <name>Salt Verde Financial Corp</name>
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        <name>Sierra Vista Industrial Development Authority</name>
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        <name>Tempe Industrial Development Authority</name>
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        <name>Tempe Industrial Development Authority</name>
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        <name>Tempe Industrial Development Authority</name>
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        <name>City of Tucson AZ Water System Revenue</name>
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        <name>Virgin Islands Transportation &amp; Infrastructure Corp</name>
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        <name>Industrial Development Authority of the County of Yavapai/The</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yuma Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>YUMA AZ INDL DEV AUTH HOSP REVENUE</title>
        <cusip>988514CX1</cusip>
        <identifiers>
          <isin value="US988514CX12"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1080162.80000000</valUSD>
        <pctVal>1.031427759362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yuma Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>YUMA AZ INDL DEV AUTH HOSP REVENUE</title>
        <cusip>988514DB8</cusip>
        <identifiers>
          <isin value="US988514DB82"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>460061.10000000</valUSD>
        <pctVal>0.439303954499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-11-25</ncom:dateSigned>
      <ncom:nameOfApplicant>Eaton Vance Municipals Trust</ncom:nameOfApplicant>
      <ncom:signature>James Kirchner</ncom:signature>
      <ncom:signerName>James Kirchner</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
