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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>Warm Springs Reservation Confederated Tribe</name>
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      <invstOrSec>
        <name>Oregon City School District No 62</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-15</maturityDt>
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      <invstOrSec>
        <name>Marion County School District No 1 Gervais/OR</name>
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      <invstOrSec>
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        <name>Washington &amp; Multnomah Counties School District No 48J Beaverton</name>
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      <invstOrSec>
        <name>American Samoa Economic Development Authority</name>
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          <isin value="US02936TAU51"/>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Newport OR</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clackamas County Hospital Facility Authority</name>
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        <name>Oregon Coast Community College District</name>
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        <name>City of Portland OR Water System Revenue</name>
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      <invstOrSec>
        <name>Deschutes Public Library District</name>
        <lei>N/A</lei>
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        <name>Home Forward</name>
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      <invstOrSec>
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        <name>Oregon State Facilities Authority</name>
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          <isin value="US68608JYQ83"/>
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        <name>Multnomah &amp; Clackamas Counties School District No 51JT Riverdale</name>
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      <invstOrSec>
        <name>Central Lincoln People's Utility District</name>
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          <isin value="US153879SE25"/>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
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        <name>Umatilla County School District No 8R Hermiston</name>
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        <name>Oregon Health &amp; Science University</name>
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        <name>Linn County Community School District No 9 Lebanon/OR</name>
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        <name>Salem Hospital Facility Authority</name>
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        <name>City of Portland OR</name>
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        <name>Oregon Coast Community College District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Washington County School District No 13 Banks</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Eugene OR Electric Utility System Revenue</name>
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        <name>State of Oregon Department of Transportation</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington County School District No 15 Forest Grove</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oregon Coast Community College District</name>
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        <name>Clackamas County School District No 86 Canby</name>
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        <name>City of Portland OR Sewer System Revenue</name>
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        <name>Hospital Facilities Authority of Multnomah County Oregon</name>
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        <name>City of Medford OR Sewer Revenue</name>
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      <invstOrSec>
        <name>Astoria Hospital Facilities Authority</name>
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      <invstOrSec>
        <name>County of Yamhill OR</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <cusip>74526Q2M3</cusip>
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          <isin value="US74526Q2M38"/>
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        <curCd>USD</curCd>
        <valUSD>1064451.11000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Multnomah &amp; Clackamas Counties School District No 10JT Gresham-Barlow</name>
        <lei>N/A</lei>
        <title>MULTNOMAH CLACKAMAS CNTYS OR SCH DIST #10JT GRESHAM-BARLOW</title>
        <cusip>625482HD9</cusip>
        <identifiers>
          <isin value="US625482HD90"/>
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        <curCd>USD</curCd>
        <valUSD>1302289.42000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Central Lincoln People's Utility District</name>
        <lei>N/A</lei>
        <title>CENTRL LINCOLN OR PEOPLES UTILITY DIST ELEC REVENUE</title>
        <cusip>153879SC6</cusip>
        <identifiers>
          <isin value="US153879SC68"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>395488.94000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rockwood Water People's Utility District/OR</name>
        <lei>N/A</lei>
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        <cusip>774459CZ2</cusip>
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          <isin value="US774459CZ29"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>282319.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oregon State Facilities Authority</name>
        <lei>N/A</lei>
        <title>OREGON ST FACS AUTH REVENUE</title>
        <cusip>68608JSA0</cusip>
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          <isin value="US68608JSA06"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1507053.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Multnomah County School District No 1J Portland</name>
        <lei>5493002CTP8R8T4OPS64</lei>
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          <isin value="US625517LF26"/>
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        <curCd>USD</curCd>
        <valUSD>3395376.39000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clackamas County School District No 35 Molalla River</name>
        <lei>N/A</lei>
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        <cusip>608479BD2</cusip>
        <identifiers>
          <isin value="US608479BD22"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>329811.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Warm Springs Reservation Confederated Tribe</name>
        <lei>N/A</lei>
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          <isin value="US934312AL32"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>537353.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oregon Coast Community College District</name>
        <lei>N/A</lei>
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          <isin value="US68583NCH26"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>455538.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Douglas County School District No 116 Winston-Dillard</name>
        <lei>N/A</lei>
        <title>DOUGLAS CNTY OR SCH DIST #116</title>
        <cusip>259507CB5</cusip>
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          <isin value="US259507CB54"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>324842.91000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>City of Medford OR Sewer Revenue</name>
        <lei>N/A</lei>
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        <balance>300000.00000000</balance>
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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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      <invstOrSec>
        <name>Oregon State University</name>
        <lei>549300UBMR6O3SFCEV73</lei>
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          <isin value="US68608WBC55"/>
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        <name>City of Portland OR</name>
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        <name>Oregon Coast Community College District</name>
        <lei>N/A</lei>
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        <name>State of Oregon</name>
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        <name>Oregon State Facilities Authority</name>
        <lei>N/A</lei>
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          <isin value="US68608JYS40"/>
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      <invstOrSec>
        <name>City of Eugene OR Water Utility System Revenue</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Rockwood Water People's Utility District/OR</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Multnomah &amp; Clackamas Counties School District No 51JT Riverdale</name>
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      <invstOrSec>
        <name>Tillamook County School District No 9 Tillamook</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Home Forward</name>
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          <isin value="US736703GT00"/>
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      <invstOrSec>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Hillsboro Economic Development Council</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>BlackRock Liquidity Funds - MuniCash</name>
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          <other otherDesc="Internal Identifier" value="09199J9T9"/>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Medford OR Sewer Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Benton &amp; Polk School District No 17J</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lane County School District No 40 Creswell</name>
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        <name>State of Oregon Housing &amp; Community Services Department</name>
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      <invstOrSec>
        <name>City of Eugene OR Electric Utility System Revenue</name>
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        <name>Deschutes &amp; Jefferson Counties School District No 2J Redmond/OR</name>
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        <name>City of Portland OR</name>
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        <name>Oregon City School District No 62</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Marion County School District No 1 Gervais/OR</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Redmond Area Park &amp; Recreation District</name>
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        <name>Medford Water Commission</name>
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        <name>University of Oregon</name>
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        <name>State of Oregon Housing &amp; Community Services Department</name>
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      <invstOrSec>
        <name>Rockwood Water People's Utility District/OR</name>
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        <name>Oregon State Lottery</name>
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        <name>University of Oregon</name>
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        <name>Lane County School District No 40 Creswell</name>
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        <name>Multnomah-Clackamas Counties Centennial School District No 28JT/OR</name>
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        <name>Tualatin Valley Water District</name>
        <lei>N/A</lei>
        <title>TUALATIN VLY OR WTR DIST WTR REVENUE</title>
        <cusip>89855PEU3</cusip>
        <identifiers>
          <isin value="US89855PEU30"/>
        </identifiers>
        <balance>1595000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1709855.63000000</valUSD>
        <pctVal>0.657029903928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</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>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>OREGON ST</title>
        <cusip>68609UVZ5</cusip>
        <identifiers>
          <isin value="US68609UVZ55"/>
        </identifiers>
        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>389902.86000000</valUSD>
        <pctVal>0.149824250745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</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>City of Sandy OR</name>
        <lei>N/A</lei>
        <title>SANDY OR</title>
        <cusip>800358FW8</cusip>
        <identifiers>
          <isin value="US800358FW81"/>
        </identifiers>
        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>336228.13000000</valUSD>
        <pctVal>0.129199174524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>Salem Hospital Facility Authority</name>
        <lei>N/A</lei>
        <title>SALEM OR HOSP FAC AUTH REVENUE</title>
        <cusip>794458GJ2</cusip>
        <identifiers>
          <isin value="US794458GJ24"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>742193.78000000</valUSD>
        <pctVal>0.285195720278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-15</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>
    </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>2026-03-18</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>