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      <totLiabs>1428119.75</totLiabs>
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        <name>Maricopa County &amp; Phoenix Industrial Development Authorities</name>
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        <name>Industrial Development Authority of the City of Phoenix Arizona/The</name>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BKK97"/>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
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          <isin value="US74529JPX71"/>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp</name>
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          <isin value="US71884WBF77"/>
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      <invstOrSec>
        <name>City of Tempe AZ</name>
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          <isin value="US87973ECX58"/>
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        <name>City of Bullhead AZ Excise Taxes Revenue</name>
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        <name>Central Arizona Water Conservation District</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Glendale Industrial Development Authority</name>
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        <name>Industrial Development Authority of the City of Phoenix Arizona/The</name>
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        <name>Industrial Development Authority of the City of Phoenix Arizona/The</name>
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        <name>Gilbert Water Resource Municipal Property Corp</name>
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        <name>Town of Queen Creek AZ Excise Tax Revenue</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Sierra Vista Industrial Development Authority</name>
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        <name>Industrial Development Authority of the City of Phoenix Arizona/The</name>
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        <name>Maricopa County Pollution Control Corp</name>
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        <name>Tempe Industrial Development Authority</name>
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        <name>American Samoa Economic Development Authority</name>
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        <name>Pima County Unified School District No 20 Vail</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>City of Phoenix Civic Improvement Corp</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>City of Goodyear AZ Water &amp; Sewer Revenue</name>
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        <name>City of Phoenix Civic Improvement Corp</name>
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        <name>City of Mesa AZ Utility System Revenue</name>
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          <isin value="US590545TY50"/>
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        <name>University of Arizona/The</name>
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        <name>Industrial Development Authority of the City of Phoenix Arizona/The</name>
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        <name>Maricopa County School District No 3 Tempe Elementary</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Maricopa County School District No 83-Cartwright Elementary</name>
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        <name>Coconino County Unified School District No 1-Flagstaff/AZ</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>Yuma Industrial Development Authority</name>
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          <isin value="US988514DB82"/>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isin value="US988514CX12"/>
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        <valUSD>1083310.00000000</valUSD>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maricopa County &amp; Phoenix Industrial Development Authorities</name>
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          <isin value="US566736FK51"/>
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        <curCd>USD</curCd>
        <valUSD>1005840.00000000</valUSD>
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          <maturityDt>2044-09-01</maturityDt>
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        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BPU25"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-15</maturityDt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp</name>
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          <isin value="US71884AE540"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Industrial Development Authority of the City of Phoenix Arizona/The</name>
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          <isin value="US71885DCS99"/>
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        <balance>415000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Transportation Board</name>
        <lei>N/A</lei>
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          <isin value="US040647DY28"/>
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        <name>La Paz County Industrial Development Authority</name>
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          <isin value="US50376FBQ90"/>
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        <name>Maricopa County Elementary School District No 1-Phoenix Elementary</name>
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        <name>Pima County Unified School District No 6 Marana/AZ</name>
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        <name>City of Phoenix Civic Improvement Corp</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Arizona Health Facilities Authority</name>
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      <invstOrSec>
        <name>Tempe Industrial Development Authority</name>
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        <name>Maricopa County Elementary School District No 25-Liberty</name>
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        <name>Northern Arizona University</name>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052EAC21"/>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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      <invstOrSec>
        <name>City of Sedona AZ Excise Tax Revenue</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>City of Glendale AZ</name>
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        <name>City of Bullhead AZ Excise Taxes Revenue</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Maricopa County &amp; Phoenix Industrial Development Authorities</name>
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        <name>City of Bullhead AZ Excise Taxes Revenue</name>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp</name>
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          <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>Salt Verde Financial Corp</name>
        <lei>549300VEWOZY6TQOIF03</lei>
        <title>SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE</title>
        <cusip>79575EAS7</cusip>
        <identifiers>
          <isin value="US79575EAS72"/>
        </identifiers>
        <balance>1355000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1460757.75000000</valUSD>
        <pctVal>1.555536482076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</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>Industrial Development Authority of the City of Phoenix Arizona/The</name>
        <lei>549300A62PWFBDWB8332</lei>
        <title>PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE</title>
        <cusip>71885DDC3</cusip>
        <identifiers>
          <isin value="US71885DDC39"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>509390.00000000</valUSD>
        <pctVal>0.542440886317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</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>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>ARIZONA ST INDL DEV AUTH EDU REVENUE</title>
        <cusip>04052BLS1</cusip>
        <identifiers>
          <isin value="US04052BLS15"/>
        </identifiers>
        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51179.40000000</valUSD>
        <pctVal>0.054500086568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-15</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>
      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE</title>
        <cusip>56681NJA6</cusip>
        <identifiers>
          <isin value="US56681NJA63"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>454905.00000000</valUSD>
        <pctVal>0.484420721628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>2025-02-27</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>
</edgarSubmission>
