Eaton Vance
Municipal Income Trust
February 28, 2022
Portfolio of Investments (Unaudited)
Corporate Bonds — 3.7% |
Security | Principal Amount (000's omitted) | Value | |
Hospital — 2.3% | |||
Boston Medical Center Corp., 4.581%, 7/1/47 | $ | 835 | $ 885,003 |
CommonSpirit Health, 3.347%, 10/1/29 | 1,930 | 1,950,872 | |
Montefiore Obligated Group, 4.287%, 9/1/50 | 6,945 | 6,288,266 | |
Tower Health, 4.451%, 2/1/50 | 3,910 | 3,294,175 | |
$ 12,418,316 | |||
Insured - Hospital — 0.5% | |||
Toledo Hospital, (AGM), 5.75%, 11/15/38 | $ | 2,410 | $ 2,734,856 |
$ 2,734,856 | |||
Other — 0.9% | |||
Morongo Band of Mission Indians, 7.00%, 10/1/39(1) | $ | 3,470 | $ 4,448,714 |
$ 4,448,714 | |||
Total Corporate Bonds (identified cost $19,368,573) | $ 19,601,886 |
Tax-Exempt Municipal Obligations — 142.6% |
Security | Principal Amount (000's omitted) | Value | |
Bond Bank — 2.1% | |||
Delaware Valley Regional Finance Authority, PA, 5.75%,7/1/32 | $ | 1,000 | $ 1,338,420 |
Rickenbacker Port Authority, OH, (OASBO Expanded Asset Pooled Financing Program), 5.375%,1/1/32 | 355 | 436,828 | |
Texas Water Development Board, 4.00%,10/15/37(2) | 8,125 | 9,291,506 | |
$ 11,066,754 | |||
Cogeneration — 0.0%(3) | |||
Northampton County Industrial Development Authority, PA, (Northampton Generating), (AMT), 5.00%,12/31/23(4) | $ | 630 | $ 157,552 |
$ 157,552 | |||
Education — 10.2% | |||
Arizona Industrial Development Authority, (Doral Academy of Nevada), 5.00%,7/15/49(1) | $ | 1,115 | $ 1,233,536 |
Arizona Industrial Development Authority, (Pinecrest Academy of Nevada), 4.00%,7/15/50(1) | 430 | 442,410 |
Security | Principal Amount (000's omitted) | Value | |
Education (continued) | |||
Build NYC Resource Corp., NY, (New World Preparatory Charter School), 4.00%,6/15/51 | $ | 100 | $ 103,609 |
California State University, 5.00%,11/1/41(2) | 13,000 | 14,717,691 | |
Capital Trust Agency, FL, (Florida Charter Educational Foundation, Inc.): | |||
5.375%, 6/15/38(1) | 350 | 378,511 | |
5.375%, 6/15/48(1) | 655 | 697,830 | |
Capital Trust Agency, FL, (Liza Jackson Preparatory School, Inc.), 5.00%,8/1/55 | 325 | 365,251 | |
District of Columbia, (District of Columbia International School): | |||
5.00%, 7/1/39 | 425 | 489,320 | |
5.00%, 7/1/49 | 390 | 442,556 | |
District of Columbia, (KIPP DC): | |||
4.00%, 7/1/39 | 240 | 261,130 | |
4.00%, 7/1/44 | 230 | 247,604 | |
4.00%, 7/1/49 | 335 | 358,430 | |
District of Columbia, (Rocketship DC Obligated Group), 5.00%,6/1/56(1) | 2,165 | 2,327,916 | |
Florida Higher Educational Facilities Financing Authority, (Jacksonville University), 5.00%,6/1/48(1) | 250 | 271,010 | |
Massachusetts Development Finance Agency, (Boston College), 5.00%,7/1/42(2) | 950 | 1,106,997 | |
Massachusetts Development Finance Agency, (Boston University), 6.00%,5/15/59 | 5,580 | 7,271,131 | |
Massachusetts Development Finance Agency, (Northeastern University), 5.00%,3/1/33 | 770 | 823,738 | |
Massachusetts Development Finance Agency, (Wentworth Institute of Technology), 5.00%,10/1/37 | 1,000 | 1,118,690 | |
Massachusetts Development Finance Agency, (Williams College), 5.00%,7/1/46(2) | 3,000 | 3,411,750 | |
Massachusetts Health and Educational Facilities Authority, (Boston College), 5.50%,6/1/35 | 1,640 | 2,201,438 | |
New Jersey Educational Facilities Authority, (Princeton University): | |||
5.00%, 7/1/29(2) | 2,825 | 3,334,460 | |
5.00%, 7/1/31(2) | 1,875 | 2,212,631 | |
Pennsylvania State University, 5.00%,9/1/42(2) | 3,250 | 3,792,035 | |
Public Finance Authority, WI, (Roseman University of Health Sciences): | |||
4.00%, 4/1/52(1) | 250 | 253,875 | |
5.00%, 4/1/40(1) | 755 | 845,932 | |
5.00%, 4/1/50(1) | 380 | 420,934 | |
5.50%, 4/1/32 | 165 | 165,662 | |
5.75%, 4/1/42 | 415 | 416,747 |
1
Eaton Vance
Municipal Income Trust
February 28, 2022
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Education (continued) | |||
Swarthmore Borough Authority, PA, (Swarthmore College), 5.00%,9/15/46(2) | $ | 2,525 | $ 3,008,891 |
University of Michigan, 5.00%,4/1/48(2) | 1,500 | 1,781,730 | |
$ 54,503,445 | |||
Electric Utilities — 3.0% | |||
Hawaii Department of Budget and Finance, (Hawaiian Electric Co.), 3.20%,7/1/39 | $ | 3,040 | $ 3,142,630 |
Los Angeles Department of Water and Power, CA, Power System Revenue, 4.00%,7/1/46(2) | 9,000 | 9,674,730 | |
New York Power Authority, 4.00%,11/15/60 | 3,000 | 3,305,640 | |
$ 16,123,000 | |||
Escrowed/Prerefunded — 3.8% | |||
California Health Facilities Financing Authority, (Sutter Health Obligation Group), 5.00%,Prerefunded to 8/15/23, 8/15/52(2) | $ | 10,000 | $ 10,571,600 |
Detroit, MI, Sewage Disposal System, 5.25%,Prerefunded to 7/1/22, 7/1/39 | 1,860 | 1,888,663 | |
East Hempfield Township Industrial Development Authority, PA, (Student Services, Inc.), 5.00%,Prerefunded to 7/1/24, 7/1/39 | 175 | 189,875 | |
Lancaster Industrial Development Authority, PA, (Garden Spot Village), 5.375%,Prerefunded to 5/1/23, 5/1/28 | 100 | 105,092 | |
Michigan Finance Authority, (Detroit Water and Sewerage Department), (AMT), 5.00%,Prerefunded to 7/1/22, 7/1/44 | 1,250 | 1,267,812 | |
New Jersey Economic Development Authority, (The Seeing Eye, Inc.), 5.00%,Prerefunded to 6/1/22, 6/1/32 | 250 | 252,723 | |
New Jersey Health Care Facilities Financing Authority, (Palisades Medical Center), 5.25%,Prerefunded to 7/1/23, 7/1/31 | 205 | 216,451 | |
Savannah Economic Development Authority, GA, (Marshes Skidaway), 7.125%,Prerefunded to 1/1/24, 1/1/38 | 4,960 | 5,477,725 | |
$ 19,969,941 | |||
General Obligations — 19.7% | |||
Allegheny County, PA, 5.00%,11/1/43(2) | $ | 2,875 | $ 3,429,990 |
Boston, MA, 5.00%,5/1/38(2) | 3,000 | 3,601,500 | |
Chicago Board of Education, IL, 5.00%,12/1/42 | 8,160 | 8,353,882 | |
Chicago, IL: | |||
5.00%, 1/1/44 | 1,000 | 1,124,460 | |
5.75%, 1/1/33 | 1,500 | 1,729,965 | |
Cleveland, OH, 5.00%,12/1/43(2) | 2,775 | 3,257,683 |
Security | Principal Amount (000's omitted) | Value | |
General Obligations (continued) | |||
Detroit, MI: | |||
5.50%, 4/1/33 | $ | 470 | $ 570,237 |
5.50%, 4/1/34 | 330 | 400,026 | |
5.50%, 4/1/37 | 465 | 562,041 | |
5.50%, 4/1/39 | 645 | 776,909 | |
Forest Hills Local School District, OH, 5.00%,12/1/46(2) | 2,775 | 2,999,692 | |
Illinois: | |||
5.00%, 11/1/23 | 1,000 | 1,060,480 | |
5.00%, 5/1/33 | 5,000 | 5,326,100 | |
5.00%, 5/1/35 | 1,415 | 1,504,286 | |
5.00%, 12/1/42 | 3,020 | 3,364,038 | |
5.50%, 5/1/39 | 290 | 346,385 | |
5.75%, 5/1/45 | 295 | 354,038 | |
Jackson Public Schools, MI, 5.00%,5/1/48(2) | 2,850 | 3,300,072 | |
Leander Independent School District, TX, (PSF Guaranteed), 0.00%,Prerefunded to 8/15/24, 8/15/39 | 17,900 | 8,463,836 | |
Massachusetts, 5.00%,9/1/38(2) | 14,500 | 17,358,965 | |
Ohio, 5.00%,2/1/37(2) | 2,775 | 3,123,207 | |
Pennsylvania, 5.00%,3/1/32(2) | 2,250 | 2,692,125 | |
Peters Township School District, PA, 5.00%,9/1/40(2) | 2,750 | 3,273,930 | |
Shoreline School District No. 412, WA, 4.00%,6/1/38(2) | 7,200 | 8,214,984 | |
State College Area School District, PA, 5.00%,5/15/44(2) | 3,100 | 3,660,573 | |
Township High School District No. 203, IL, 2.00%,12/15/34 | 2,480 | 2,415,371 | |
Trenton Public Schools, MI, 5.00%,5/1/42(2) | 2,850 | 3,352,512 | |
Upper Arlington City School District, OH, 5.00%,Prerefunded to 12/1/27, 12/1/48(2) | 2,775 | 3,316,708 | |
Walled Lake Consolidated School District, MI, 5.00%,Prerefunded to 11/1/23, 5/1/34 | 365 | 388,353 | |
Will County, IL, 5.00%,Prerefunded to 11/15/25, 11/15/45(2) | 5,625 | 6,351,581 | |
$ 104,673,929 | |||
Hospital — 16.2% | |||
Allen County, OH, (Mercy Health), 4.00%,8/1/47(2) | $ | 1,000 | $ 1,086,090 |
Berks County Industrial Development Authority, PA, (Tower Health), 5.00%,11/1/50 | 2,345 | 2,461,242 | |
California Health Facilities Financing Authority, (City of Hope), 4.00%,11/15/45(2) | 6,800 | 7,614,776 | |
Camden County Improvement Authority, NJ, (Cooper Health System), 5.75%,2/15/42 | 1,985 | 2,059,676 | |
Chattanooga Health, Educational and Housing Facility Board, TN, (CommonSpirit Health), 4.00%,8/1/44 | 1,185 | 1,284,895 | |
Chester County Health and Education Facilities Authority, PA, (Main Line Health System), 4.00%,9/1/50 | 2,125 | 2,374,241 |
2
Eaton Vance
Municipal Income Trust
February 28, 2022
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Hospital (continued) | |||
Doylestown Hospital Authority, PA, (Doylestown Health), 4.00%,7/1/45 | $ | 310 | $ 327,041 |
Franklin County, OH, (Trinity Health Credit Group), 5.00%,12/1/47(2) | 2,800 | 3,221,428 | |
Hamilton County, OH, (Cincinnati Children's Hospital Medical Center), 5.00%,5/15/34 | 250 | 269,490 | |
Hamilton County, OH, (UC Health), 4.00%,9/15/50 | 1,665 | 1,831,550 | |
Maryland Health and Higher Educational Facilities Authority, (Frederick Health System), 4.00%,7/1/45 | 250 | 276,180 | |
Massachusetts Development Finance Agency, (Atrius Health): | |||
4.00%, 6/1/49 | 735 | 810,609 | |
5.00%, 6/1/39 | 610 | 726,559 | |
Massachusetts Development Finance Agency, (Children's Hospital), 5.00%,Prerefunded to 10/1/24, 10/1/46(2) | 10,000 | 10,933,100 | |
Massachusetts Development Finance Agency, (Partners HealthCare System), 5.00%,7/1/47(2) | 3,550 | 4,015,050 | |
Michigan Finance Authority, (Henry Ford Health System), 4.00%,11/15/50 | 2,460 | 2,686,861 | |
Michigan Finance Authority, (Trinity Health Credit Group), 5.00%,12/1/42(2) | 2,850 | 3,293,944 | |
Montana Facility Finance Authority, (Bozeman Deaconess Health Services Obligated Group), 3.00%,6/1/50 | 1,500 | 1,457,580 | |
New Jersey Health Care Facilities Financing Authority, (AHS Hospital Corp.), 5.00%,7/1/27 | 100 | 100,382 | |
New Jersey Health Care Facilities Financing Authority, (Palisades Medical Center), 5.25%,Prerefunded to 7/1/23, 7/1/31 | 45 | 47,391 | |
New Jersey Health Care Facilities Financing Authority, (Princeton HealthCare System), 5.00%,7/1/39(2) | 3,425 | 3,888,950 | |
New York Dormitory Authority, (Catholic Health System Obligated Group), 4.00%,7/1/45 | 1,595 | 1,658,274 | |
New York Dormitory Authority, (Orange Regional Medical Center), 5.00%,12/1/36(1) | 800 | 917,520 | |
Ohio Higher Educational Facility Commission, (University Hospitals Health System, Inc.): | |||
5.00%, 1/15/27 | 565 | 583,317 | |
5.00%, 1/15/29 | 165 | 170,424 | |
Oklahoma Development Finance Authority, (OU Medicine): | |||
5.00%, 8/15/38 | 425 | 498,347 | |
5.25%, 8/15/43 | 4,770 | 5,646,440 | |
Pennsylvania Higher Educational Facilities Authority, (University of Pennsylvania Health System), 4.00%,8/15/42(2) | 5,250 | 5,734,837 |
Security | Principal Amount (000's omitted) | Value | |
Hospital (continued) | |||
Southeastern Ohio Port Authority, OH, (Memorial Health System Obligated Group): | |||
5.00%, 12/1/43 | $ | 875 | $ 909,475 |
5.50%, 12/1/43 | 750 | 794,340 | |
Tampa, FL, (BayCare Health System), 4.00%,11/15/46(2) | 10,000 | 10,705,500 | |
Tarrant County Cultural Education Facilities Finance Corp., TX, (Baylor Scott & White Health), 5.00%,11/15/45(2) | 6,200 | 6,999,056 | |
West Virginia Hospital Finance Authority, (West Virginia United Health System Obligated Group), 5.375%,Prerefunded to 6/1/23, 6/1/38 | 1,000 | 1,054,240 | |
$ 86,438,805 | |||
Housing — 1.0% | |||
California Municipal Finance Authority, (CityView Apartments), Sustainability Bonds, 4.00%,11/1/36(1) | $ | 2,100 | $ 2,133,600 |
CSCDA Community Improvement Authority, CA, Essential Housing Revenue, 3.00%,12/1/56(1) | 2,325 | 1,967,764 | |
Maryland Economic Development Corp., (Morgan State University), Student Housing Revenue, 5.00%,7/1/50 | 725 | 832,300 | |
Ohio Housing Finance Agency, (GNMA, FNMA, FHLMC), 3.80%,9/1/38 | 385 | 396,361 | |
Texas Student Housing Corp., (University of Northern Texas), 6.85%,7/1/31 | 180 | 175,036 | |
$ 5,505,061 | |||
Industrial Development Revenue — 6.2% | |||
Cleveland, OH, (Continental Airlines), (AMT), 5.375%,9/15/27 | $ | 555 | $ 556,687 |
George L. Smith II Georgia World Congress Center Authority, 4.00%,1/1/54 | 1,000 | 1,022,260 | |
Houston, TX, (United Airlines, Inc. Terminal E Project), (AMT), 4.00%,7/1/41 | 3,200 | 3,308,928 | |
Houston, TX, (United Airlines, Inc.), (AMT), 4.00%,7/15/41 | 360 | 372,312 | |
Maine Finance Authority, (Casella Waste Systems, Inc.), (AMT), 5.125%, to 8/1/25 (Put Date), 8/1/35(1) | 1,075 | 1,180,447 | |
National Finance Authority, NH, (Covanta): | |||
4.625%, 11/1/42(1) | 1,580 | 1,605,106 | |
(AMT), 4.875%, 11/1/42(1) | 1,740 | 1,773,251 | |
New Jersey Economic Development Authority, (Continental Airlines): | |||
(AMT), 5.125%, 9/15/23 | 25 | 25,632 | |
(AMT), 5.25%, 9/15/29 | 4,815 | 4,933,449 | |
(AMT), 5.50%, 6/1/33 | 750 | 789,323 | |
(AMT), 5.625%, 11/15/30 | 2,720 | 2,920,954 |
3
Eaton Vance
Municipal Income Trust
February 28, 2022
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Industrial Development Revenue (continued) | |||
New York Transportation Development Corp., (Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment): | |||
(AMT), 4.375%, 10/1/45 | $ | 6,845 | $ 7,337,566 |
(AMT), 5.00%, 10/1/40 | 3,295 | 3,800,750 | |
Pennsylvania Economic Development Financing Authority, (Procter & Gamble Paper Products Co.), (AMT), 5.375%,3/1/31 | 1,000 | 1,264,960 | |
Rockdale County Development Authority, GA, (Pratt Paper, LLC), (AMT), 4.00%,1/1/38(1) | 1,525 | 1,649,211 | |
Vermont Economic Development Authority, (Casella Waste Systems, Inc.), (AMT), 4.625%, to 4/3/28 (Put Date), 4/1/36(1) | 300 | 335,418 | |
$ 32,876,254 | |||
Insured - Education — 0.6% | |||
Massachusetts College Building Authority, (AGC), 5.50%,5/1/39 | $ | 1,000 | $ 1,402,250 |
Massachusetts Development Finance Agency, (College of the Holy Cross), (AMBAC), 5.25%,9/1/32(2) | 1,365 | 1,796,381 | |
$ 3,198,631 | |||
Insured - Electric Utilities — 1.7% | |||
Cleveland, OH, Public Power System Revenue: | |||
(NPFG), 0.00%, 11/15/27 | $ | 710 | $ 633,327 |
(NPFG), 0.00%, 11/15/38 | 2,000 | 1,230,800 | |
Ohio Municipal Electric Generation Agency: | |||
(NPFG), 0.00%, 2/15/25 | 815 | 773,264 | |
(NPFG), 0.00%, 2/15/26 | 3,000 | 2,783,160 | |
Puerto Rico Electric Power Authority: | |||
(NPFG), 5.25%, 7/1/29 | 1,515 | 1,595,129 | |
(NPFG), 5.25%, 7/1/32 | 250 | 264,745 | |
(NPFG), 5.25%, 7/1/34 | 1,445 | 1,532,191 | |
$ 8,812,616 | |||
Insured - Escrowed/Prerefunded — 0.8% | |||
Bay City Brownfield Redevelopment Authority, MI, (BAM), 5.375%,Prerefunded to 10/1/23, 10/1/38 | $ | 500 | $ 533,530 |
Canal Winchester Local School District, OH, (NPFG), 0.00%,12/1/30 | 2,455 | 2,023,705 | |
Livonia Public Schools, MI, (AGM), 5.00%,Prerefunded to 5/1/23, 5/1/43 | 910 | 952,943 | |
Westland Tax Increment Finance Authority, MI, (BAM), 5.25%,Prerefunded to 4/1/23, 4/1/34 | 500 | 523,115 | |
$ 4,033,293 |
Security | Principal Amount (000's omitted) | Value | |
Insured - General Obligations — 0.3% | |||
Detroit School District, MI, (AGM), 5.25%,5/1/32 | $ | 300 | $ 385,053 |
Massachusetts, (AMBAC), 5.50%,8/1/30 | 1,000 | 1,280,230 | |
$ 1,665,283 | |||
Insured - Hospital — 0.1% | |||
Allegheny County Hospital Development Authority, PA, (UPMC Health System), (NPFG), 6.00%,7/1/24 | $ | 250 | $ 276,240 |
$ 276,240 | |||
Insured - Lease Revenue / Certificates of Participation — 0.3% | |||
Kentucky State University, (BAM), 4.00%,11/1/46 | $ | 440 | $ 493,482 |
New Jersey Economic Development Authority, (School Facilities Construction), (NPFG), 5.50%,9/1/28 | 1,000 | 1,211,870 | |
$ 1,705,352 | |||
Insured - Other Revenue — 1.1% | |||
Harris County-Houston Sports Authority, TX, (AGM), (NPFG), 0.00%,11/15/34 | $ | 4,210 | $ 2,503,098 |
Massachusetts Development Finance Agency, (WGBH Educational Foundation), (AMBAC), 5.75%,1/1/42 | 590 | 856,633 | |
New York City Industrial Development Agency, NY, (Yankee Stadium): | |||
(AGM), 3.00%, 3/1/36 | 780 | 796,988 | |
(AGM), 3.00%, 3/1/49 | 1,690 | 1,643,474 | |
$ 5,800,193 | |||
Insured - Special Tax Revenue — 3.8% | |||
Garden State Preservation Trust, NJ, (AGM), 0.00%,11/1/25 | $ | 5,250 | $ 4,893,735 |
Massachusetts, Dedicated Tax Revenue, (NPFG), 5.50%,1/1/29 | 1,000 | 1,223,290 | |
Miami-Dade County, FL, Professional Sports Franchise Facilities, (AGC), 0.00%,10/1/37 | 20,700 | 11,829,429 | |
New Jersey Economic Development Authority, (Motor Vehicle Surcharges): | |||
(AGC), 0.00%, 7/1/26 | 760 | 688,970 | |
(AGC), 0.00%, 7/1/27 | 2,020 | 1,779,378 | |
$ 20,414,802 | |||
Insured - Transportation — 5.2% | |||
Alameda Corridor Transportation Authority, CA, (NPFG), 0.00%,10/1/33 | $ | 12,425 | $ 9,204,563 |
Allegheny County Airport Authority, PA, (Pittsburgh International Airport), (AGM), (AMT), 4.00%,1/1/46 | 905 | 979,753 | |
Chicago, IL, (O'Hare International Airport), (AGM), 5.50%,1/1/43 | 935 | 967,716 |
4
Eaton Vance
Municipal Income Trust
February 28, 2022
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Insured - Transportation (continued) | |||
New Jersey Economic Development Authority, (The Goethals Bridge Replacement): | |||
(AGM), (AMT), 5.00%, 1/1/31 | $ | 850 | $ 904,358 |
(AGM), (AMT), 5.125%, 1/1/39 | 1,500 | 1,596,765 | |
New Jersey Transportation Trust Fund Authority, (Transportation System), (AMBAC), 0.00%,12/15/28 | 2,400 | 2,025,672 | |
New York Thruway Authority, (AGM), 3.00%,1/1/46 | 2,555 | 2,556,507 | |
Ohio Turnpike Commission: | |||
(NPFG), 5.50%, 2/15/24 | 685 | 727,573 | |
(NPFG), 5.50%, 2/15/26 | 1,000 | 1,135,090 | |
Pennsylvania Turnpike Commission, (AGM), 6.375%,12/1/38 | 2,500 | 3,136,125 | |
Philadelphia Parking Authority, PA, (AMBAC), 5.25%,2/15/29 | 1,005 | 1,008,980 | |
Philadelphia, PA, Airport Revenue, (AGM), (AMT), 4.00%,7/1/46 | 720 | 782,402 | |
Puerto Rico Highway and Transportation Authority, (AGC), 5.25%,7/1/41 | 2,610 | 2,715,157 | |
$ 27,740,661 | |||
Insured - Water and Sewer — 6.4% | |||
DeKalb County, GA, Water and Sewerage Revenue, (AGM), 5.00%,10/1/35(2) | $ | 17,985 | $ 20,756,129 |
Jefferson County, AL, Sewer Revenue: | |||
(AGM), 0.00%, 10/1/34 | 6,000 | 2,977,260 | |
(AGM), 0.00%, 10/1/35 | 6,680 | 3,104,062 | |
(AGM), 0.00%, 10/1/36 | 7,000 | 3,046,050 | |
(AGM), 5.00%, 10/1/44 | 3,750 | 4,041,300 | |
$ 33,924,801 | |||
Lease Revenue/Certificates of Participation — 0.6% | |||
Michigan State Building Authority, 5.00%,10/15/51(2) | $ | 2,850 | $ 3,174,074 |
$ 3,174,074 | |||
Other Revenue — 1.5% | |||
Central Falls Detention Facility Corp., RI, 7.25%,7/15/35(5) | $ | 1,925 | $ 346,500 |
Kalispel Tribe of Indians, WA, Series A, 5.25%,1/1/38(1) | 485 | 556,261 | |
Mercer County Improvement Authority, NJ, 4.00%,3/15/40 | 700 | 788,424 | |
Metropolitan Pier and Exposition Authority, IL, (McCormick Place), 4.00%,6/15/52(6) | 4,000 | 4,190,160 | |
Military Installation Development Authority, UT, 4.00%,6/1/41 | 500 | 477,965 |
Security | Principal Amount (000's omitted) | Value | |
Other Revenue (continued) | |||
Morongo Band of Mission Indians, CA, 5.00%,10/1/42(1) | $ | 890 | $ 1,015,517 |
Riversouth Authority, OH, (Lazarus Building Redevelopment), 5.75%,12/1/27 | 660 | 661,089 | |
$ 8,035,916 | |||
Senior Living/Life Care — 8.2% | |||
California Public Finance Authority, (Enso Village), Green Bonds: | |||
3.125%, 5/15/29(1) | $ | 230 | $ 230,543 |
5.00%, 11/15/56(1) | 225 | 246,238 | |
Clackamas County Hospital Facility Authority, OR, (Rose Villa), 5.25%,11/15/50 | 215 | 230,020 | |
Colorado Health Facilities Authority, (Aberdeen Ridge), 5.00%,5/15/58 | 1,510 | 1,528,769 | |
District of Columbia, (Ingleside at Rock Creek), 5.00%,7/1/32 | 265 | 280,709 | |
Florida Development Finance Corp., (Mayflower Retirement Community), 4.00%,6/1/41(1) | 1,040 | 1,097,564 | |
Franklin County, OH, (Friendship Village of Dublin), 5.00%,11/15/44 | 650 | 689,384 | |
Iowa Finance Authority, (Lifespace Communities, Inc.), 5.00%,5/15/55 | 1,055 | 1,143,156 | |
Lancaster County Hospital Authority, PA, (Brethren Village), 5.00%,7/1/32 | 725 | 780,716 | |
Lee County Industrial Development Authority, FL, (Shell Point/Alliance Obligated Group), 5.00%,11/15/44 | 1,750 | 1,972,005 | |
Massachusetts Development Finance Agency, (Linden Ponds, Inc.): | |||
5.00%, 11/15/33(1) | 775 | 874,068 | |
5.00%, 11/15/38(1) | 545 | 612,575 | |
Massachusetts Development Finance Agency, (NewBridge on the Charles, Inc.), 5.00%,10/1/57(1) | 310 | 331,247 | |
Montgomery County Industrial Development Authority, PA, (Whitemarsh Continuing Care Retirement Community), 5.00%,1/1/38 | 3,715 | 3,945,627 | |
Multnomah County Hospital Facilities Authority, OR, (Mirabella at South Waterfront), 5.40%,10/1/44 | 1,480 | 1,552,120 | |
Multnomah County Hospital Facilities Authority, OR, (Terwilliger Plaza), 4.00%,12/1/51 | 2,710 | 2,718,537 | |
National Finance Authority, NH, (The Vista): | |||
5.25%, 7/1/39(1) | 780 | 799,765 | |
5.625%, 7/1/46(1) | 465 | 481,842 | |
5.75%, 7/1/54(1) | 1,270 | 1,318,946 | |
New Hope Cultural Education Facilities Finance Corp., TX, (Westminster), 4.00%,11/1/55 | 1,325 | 1,386,202 |
5
Eaton Vance
Municipal Income Trust
February 28, 2022
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Senior Living/Life Care (continued) | |||
New Mexico Hospital Equipment Loan Council, (Haverland Carter Lifestyle Group): | |||
5.00%, 7/1/32 | $ | 200 | $ 216,738 |
5.00%, 7/1/33 | 125 | 135,250 | |
5.00%, 7/1/34 | 130 | 140,496 | |
5.00%, 7/1/39 | 425 | 456,633 | |
Palm Beach County Health Facilities Authority, FL, (Lifespace Communities, Inc.), 5.00%,5/15/53 | 1,255 | 1,361,010 | |
Palm Beach County Health Facilities Authority, FL, (Sinai Residences of Boca Raton): | |||
7.25%, 6/1/39 | 740 | 766,581 | |
7.50%, 6/1/49 | 3,650 | 3,783,334 | |
Palm Beach County Health Facilities Authority, FL, (Toby & Leon Cooperman Sinai Residences of Boca Raton), 4.00%,6/1/41(6) | 1,845 | 1,820,498 | |
Public Finance Authority, WI, (Penick Village), 5.00%,9/1/39(1) | 775 | 809,953 | |
South Carolina Jobs-Economic Development Authority, (Kiawah Life Plan Village, Inc.), 8.75%,7/1/25(1) | 145 | 147,372 | |
Tarrant County Cultural Education Facilities Finance Corp., TX, (MRC Stevenson Oaks), 6.625%,11/15/41 | 2,665 | 3,023,336 | |
Tarrant County Cultural Education Facilities Finance Corp., TX, (Trinity Terrace), 5.00%,10/1/44 | 4,250 | 4,518,217 | |
Tempe Industrial Development Authority, AZ, (Friendship Village of Tempe): | |||
4.00%, 12/1/38 | 715 | 756,391 | |
4.00%, 12/1/46 | 665 | 687,776 | |
4.00%, 12/1/56 | 570 | 581,047 | |
Warren County, OH, (Otterbein Homes Obligated Group), 5.75%,7/1/33 | 275 | 291,607 | |
Washington Housing Finance Commission, (Transforming Age), 5.00%,1/1/39(1) | 750 | 799,163 | |
Wisconsin Health and Educational Facilities Authority, (Oakwood Lutheran Senior Ministries), 4.00%,1/1/57 | 1,000 | 1,000,620 | |
$ 43,516,055 | |||
Special Tax Revenue — 17.9% | |||
Cleveland, OH, Income Tax Revenue: | |||
5.00%, 10/1/39(2) | $ | 550 | $ 652,003 |
5.00%, 10/1/43(2) | 2,200 | 2,593,778 | |
Franklin County, OH, Sales Tax Revenue: | |||
5.00%, 6/1/38(2) | 1,400 | 1,677,858 | |
5.00%, 6/1/43(2) | 1,400 | 1,666,140 | |
Maryland Economic Development Corp., (Port Covington), 4.00%,9/1/50 | 275 | 287,845 |
Security | Principal Amount (000's omitted) | Value | |
Special Tax Revenue (continued) | |||
Massachusetts School Building Authority, Sales Tax Revenue, 5.00%,11/15/46(2) | $ | 4,100 | $ 4,696,714 |
Massachusetts, (Rail Enhancement and Accelerated Bridge Programs), 5.00%,6/1/47(2) | 3,000 | 3,465,840 | |
New River Community Development District, FL, (Capital Improvements): | |||
5.00%, 5/1/13(5) | 90 | 0 | |
5.35%, 5/1/38(5) | 35 | 0 | |
5.75%, 5/1/38 | 130 | 131,254 | |
New York City Transitional Finance Authority, NY, Future Tax Revenue: | |||
4.00%, 11/1/38 | 3,090 | 3,447,235 | |
4.00%, 8/1/39(2) | 6,500 | 7,051,265 | |
5.00%, 8/1/39(2) | 12,400 | 13,405,392 | |
New York Dormitory Authority, Personal Income Tax Revenue, 5.00%,3/15/34(2) | 10,000 | 11,021,000 | |
New York Dormitory Authority, Sales Tax Revenue, 5.00%,3/15/43(2) | 14,100 | 16,562,424 | |
New York State Urban Development Corp., Personal Income Tax Revenue, 4.00%,3/15/45(2) | 5,600 | 6,110,272 | |
Pennsylvania Turnpike Commission, Oil Franchise Tax Revenue, 5.25%,12/1/44(2) | 3,250 | 3,937,310 | |
Puerto Rico Sales Tax Financing Corp.: | |||
0.00%, 7/1/24 | 163 | 155,127 | |
0.00%, 7/1/27 | 251 | 222,504 | |
0.00%, 7/1/29 | 246 | 206,087 | |
0.00%, 7/1/31 | 316 | 246,787 | |
0.00%, 7/1/33 | 357 | 260,010 | |
0.00%, 7/1/46 | 3,403 | 1,105,499 | |
0.00%, 7/1/51 | 2,773 | 652,709 | |
4.329%, 7/1/40 | 1,347 | 1,475,005 | |
4.50%, 7/1/34 | 238 | 257,261 | |
4.536%, 7/1/53 | 36 | 39,371 | |
4.784%, 7/1/58 | 538 | 595,017 | |
Southern Hills Plantation I Community Development District, FL: | |||
Series A1, 5.80%, 5/1/35 | 223 | 213,398 | |
Series A2, 5.80%, 5/1/35 | 165 | 128,388 | |
Sterling Hill Community Development District, FL, 6.20%,5/1/35 | 552 | 331,064 | |
Texas Transportation Commission, 5.00%,Prerefunded to 4/1/24, 4/1/33(2) | 10,000 | 10,776,200 | |
Tolomato Community Development District, FL, 3.25%,5/1/40 | 1,900 | 1,838,972 | |
$ 95,209,729 |
6
Eaton Vance
Municipal Income Trust
February 28, 2022
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Student Loan — 0.1% | |||
New Jersey Higher Education Student Assistance Authority, (AMT), 4.75%,12/1/43 | $ | 740 | $ 751,093 |
$ 751,093 | |||
Transportation — 19.9% | |||
Dallas and Fort Worth, TX, (Dallas/Fort Worth International Airport), 5.25%,11/1/30 | $ | 1,000 | $ 1,063,460 |
Delaware River and Bay Authority of Delaware and New Jersey, 4.00%,1/1/44(2) | 4,275 | 4,778,937 | |
Delaware River Joint Toll Bridge Commission of Pennsylvania and New Jersey: | |||
5.00%, 7/1/37(2) | 1,825 | 2,117,146 | |
5.00%, 7/1/47(2) | 6,525 | 7,519,345 | |
Florida Development Finance Corp., (Brightline Florida Passenger Rail), Green Bonds, (AMT), 7.375%,1/1/49(1) | 4,380 | 4,722,604 | |
Hawaii, Airports System Revenue, (AMT), 5.00%,7/1/43(2) | 8,850 | 10,192,722 | |
Illinois Toll Highway Authority, 4.00%,1/1/44(2) | 8,000 | 8,869,280 | |
Metropolitan Transportation Authority, NY, Green Bonds, 5.25%,11/15/55 | 3,000 | 3,504,090 | |
Metropolitan Washington Airports Authority, D.C.: | |||
(AMT), 4.00%, 10/1/37 | 295 | 332,020 | |
(AMT), 4.00%, 10/1/38 | 370 | 415,554 | |
(AMT), 4.00%, 10/1/41 | 295 | 329,497 | |
New Jersey Economic Development Authority, (Port Newark Container Terminal, LLC), (AMT), 5.00%,10/1/47 | 750 | 836,730 | |
New Jersey Economic Development Authority, (Transit Transportation Project): | |||
4.00%, 11/1/38 | 750 | 811,118 | |
4.00%, 11/1/39 | 750 | 809,768 | |
5.00%, 11/1/44 | 11,000 | 12,607,650 | |
New Jersey Transportation Trust Fund Authority, (Transportation Program), 5.00%,6/15/44 | 2,060 | 2,340,963 | |
New Jersey Turnpike Authority, 4.00%,1/1/51 | 1,500 | 1,665,735 | |
New York Transportation Development Corp., (LaGuardia Airport Terminal B Redevelopment): | |||
(AMT), 5.00%, 7/1/41 | 1,255 | 1,336,663 | |
(AMT), 5.00%, 7/1/46 | 1,230 | 1,312,668 | |
(AMT), 5.25%, 1/1/50 | 1,055 | 1,123,659 | |
Pennsylvania Economic Development Financing Authority, (Amtrak), (AMT), 5.00%,11/1/41 | 3,860 | 3,945,460 | |
Port Authority of New York and New Jersey: | |||
5.00%, 10/15/42(2) | 6,250 | 7,238,187 | |
(AMT), 4.00%, 9/1/33(2) | 7,200 | 7,577,496 |
Security | Principal Amount (000's omitted) | Value | |
Transportation (continued) | |||
Port Authority of New York and New Jersey: (continued) | |||
(AMT), 4.50%, 4/1/37(2) | $ | 8,500 | $ 8,524,395 |
Port of New Orleans, LA, (AMT), 5.00%,4/1/40 | 2,115 | 2,494,241 | |
Texas Private Activity Bond Surface Transportation Corp., (North Tarrant Express Managed Lanes Project): | |||
4.00%, 12/31/37 | 160 | 176,758 | |
4.00%, 12/31/38 | 295 | 325,102 | |
4.00%, 12/31/39 | 155 | 170,520 | |
5.00%, 12/31/35 | 205 | 243,333 | |
Texas Private Activity Bond Surface Transportation Corp., (North Tarrant Express Segment 3C), (AMT), 5.00%,6/30/58 | 2,720 | 3,109,966 | |
Texas Transportation Commission, 0.00%,8/1/37 | 725 | 404,681 | |
Texas Transportation Commission, (Central Texas Turnpike System): | |||
0.00%, 8/1/39 | 750 | 375,870 | |
5.00%, 8/15/42 | 640 | 690,682 | |
Virginia Small Business Financing Authority, (95 Express Lanes LLC), (AMT), 4.00%,1/1/48 | 1,215 | 1,316,452 | |
Virginia Small Business Financing Authority, (Elizabeth River Crossings Opco, LLC), (AMT), 4.00%,1/1/37(6) | 2,500 | 2,712,325 | |
$ 105,995,077 | |||
Water and Sewer — 11.9% | |||
Atlanta, GA, Water and Wastewater Revenue: | |||
5.00%, 11/1/40(2) | $ | 10,000 | $ 11,096,300 |
5.00%, 11/1/43(2) | ���6,250 | 7,351,062 | |
5.00%, 11/1/47(2) | 14,100 | 16,570,320 | |
Dallas, TX, Waterworks and Sewer System Revenue, 4.00%,10/1/43(2) | 9,550 | 10,878,978 | |
Grand Rapids, MI, Sanitary Sewer System Revenue, 5.00%,1/1/48(2) | 2,500 | 2,894,050 | |
Massachusetts Water Resources Authority, Green Bonds, 5.00%,Prerefunded to 8/1/26, 8/1/40(2) | 3,000 | 3,460,200 | |
Michigan Finance Authority, (Detroit Water and Sewerage Department), 5.00%,7/1/34 | 4,130 | 4,465,149 | |
Sussex County Municipal Utilities Authority, NJ, 0.00%,12/1/36 | 1,250 | 804,688 | |
Texas Water Development Board, 4.00%,10/15/47(2) | 5,500 | 6,095,045 | |
$ 63,615,792 | |||
Total Tax-Exempt Municipal Obligations (identified cost $709,240,651) | $ 759,184,349 |
7
Eaton Vance
Municipal Income Trust
February 28, 2022
Portfolio of Investments (Unaudited) — continued
Taxable Municipal Obligations — 5.4% |
Security | Principal Amount (000's omitted) | Value | |
Cogeneration — 0.0%(3) | |||
Northampton County Industrial Development Authority, PA, (Northampton Generating), , , 5.00%, 12/31/23(4) | $ | 234 | $ 58,404 |
$ 58,404 | |||
General Obligations — 2.8% | |||
Atlantic City, NJ, , , 7.50%, 3/1/40 | $ | 6,880 | $ 9,265,984 |
Chicago, IL: | |||
7.75%, 1/1/42 | 2,424 | 2,715,171 | |
Prerefunded to 1/1/25, 7.75%, 1/1/42 | 2,394 | 2,788,483 | |
$ 14,769,638 | |||
Hospital — 1.2% | |||
California Statewide Communities Development Authority, (Loma Linda University Medical Center), , , 6.00%, 12/1/24 | $ | 6,000 | $ 6,595,080 |
$ 6,595,080 | |||
Insured - Education — 0.5% | |||
Onondaga Civic Development Corp., NY, (Upstate Properties Development, Inc.), (BAM), , 3.158%, 12/1/41 | $ | 2,745 | $ 2,776,678 |
$ 2,776,678 | |||
Insured - Transportation — 0.3% | |||
Alameda Corridor Transportation Authority, CA: | |||
(AMBAC), 0.00%, 10/1/32 | $ | 1,285 | $ 908,957 |
(AMBAC), 0.00%, 10/1/33 | 1,000 | 676,780 | |
$ 1,585,737 | |||
Special Tax Revenue — 0.4% | |||
American Samoa Economic Development Authority: | |||
2.47%, 9/1/24(1) | $ | 525 | $ 517,645 |
3.72%, 9/1/27(1) | 1,370 | 1,344,230 | |
$ 1,861,875 | |||
Student Loan — 0.0%(3) | |||
Massachusetts Educational Financing Authority, , , 4.70%, 1/1/30 | $ | 155 | $ 166,986 |
$ 166,986 |
Security | Principal Amount (000's omitted) | Value | |
Transportation — 0.2% | |||
New Jersey Transportation Trust Fund Authority, , , 5.754%, 12/15/28(7) | $ | 750 | $ 858,240 |
$ 858,240 | |||
Total Taxable Municipal Obligations (identified cost $24,661,592) | $ 28,672,638 | ||
Total Investments — 151.7% (identified cost $753,270,816) | $ 807,458,873 | ||
Other Assets, Less Liabilities — (51.7)% | $(275,184,524) | ||
Net Assets — 100.0% | $ 532,274,349 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At February 28, 2022, the aggregate value of these securities is $38,788,518 or 7.3% of the Trust's net assets. |
(2) | Security represents the municipal bond held by a trust that issues residual interest bonds. |
(3) | Amount is less than 0.05%. |
(4) | Represents a payment-in-kind security which may pay interest in additional principal at the issuer’s discretion. |
(5) | Defaulted security. Issuer has defaulted on the payment of interest and/or principal or has filed for bankruptcy. |
(6) | When-issued security. |
(7) | Build America Bond. Represents taxable municipal obligation issued pursuant to the American Recovery and Reinvestment Act of 2009 or other legislation providing for the issuance of taxable municipal debt on which the issuer receives federal support. |
At February 28, 2022, the concentration of the Trust’s investments in the various states and territories, determined as a percentage of total investments, is as follows: |
New York | 14.0% |
Others, representing less than 10% individually | 83.6% |
The Trust invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At February 28, 2022, 14.2% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.5% to 7.3% of total investments. |
8
Eaton Vance
Municipal Income Trust
February 28, 2022
Portfolio of Investments (Unaudited) — continued
Abbreviations: | |
AGC | – Assured Guaranty Corp. |
AGM | – Assured Guaranty Municipal Corp. |
AMBAC | – AMBAC Financial Group, Inc. |
AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
BAM | – Build America Mutual Assurance Co. |
FHLMC | – Federal Home Loan Mortgage Corp. |
FNMA | – Federal National Mortgage Association |
GNMA | – Government National Mortgage Association |
NPFG | – National Public Finance Guarantee Corp. |
PSF | – Permanent School Fund |
The Trust did not have any open derivative instruments at February 28, 2022.
Fair Value Measurements
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
• | Level 1 – quoted prices in active markets for identical investments |
• | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 – significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At February 28, 2022, the hierarchy of inputs used in valuing the Trust's investments, which are carried at value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Corporate Bonds | $ — | $ 19,601,886 | $ — | $ 19,601,886 |
Tax-Exempt Municipal Obligations | — | 759,184,349 | — | 759,184,349 |
Taxable Municipal Obligations | — | 28,672,638 | — | 28,672,638 |
Total Investments | $ — | $807,458,873 | $ — | $807,458,873 |
For information on the Trust's policy regarding the valuation of investments and other significant accounting policies, please refer to the Trust's most recent financial statements included in its semiannual or annual report to shareholders.
9