Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2025 (Unaudited)
Portfolio of Investments (Unaudited)
Tax-Exempt Municipal Obligations — 98.4%
Security Principal
Amount
(000's omitted) 		Value
Bond Bank — 0.4%
Michigan Finance Authority, (Trinity Health Credit Group), 3.00%, 10/1/36 $      1,500 $  1,366,489
New Hampshire Municipal Bond Bank, 3.00%, 8/15/34        1,850   1,716,009
Vermont Bond Bank, (Vermont State Colleges System), 3.00%, 10/1/35           25      22,872
      $  3,105,370
Education — 5.1%
Allegheny County Higher Education Building Authority, PA, (Carnegie Mellon University), 3.321%, (70% of SOFR + 0.29%), 8/1/27 (Put Date), 2/1/33(1) $      2,750 $  2,729,858
California Educational Facilities Authority, (Stanford University), 5.00% to 3/1/35 (Put Date), 3/1/55        1,075   1,221,886
Duneland School Building Corp., IN, 4.00%, 1/15/35        1,915   1,943,206
Louisiana Public Facilities Authority, (Tulane University), 5.00%, 12/15/27          495     508,942
Massachusetts Development Finance Agency, (Boston University), 5.00%, 10/1/36        9,345  10,499,071
Massachusetts Development Finance Agency, (Harvard University), 5.00% to 11/15/35 (Put Date), 5/15/55        5,000   5,603,595
Ohio State University, Green Bonds, 4.00%, 12/1/38          765     757,059
Oklahoma Agricultural and Mechanical Colleges, (Oklahoma State University), 4.00%, 7/1/34        1,155   1,118,171
Poway Unified School District, CA, (Election of 2008), 0.00%, 8/1/35        1,000     679,574
University of California, 5.00%, 5/15/40        4,100   4,485,765
University of Mississippi Educational Building Corp., 4.00%, 10/1/38        1,540   1,526,444
Virginia College Building Authority, 4.00%, 2/1/33          865     867,008
Virginia Public School Authority, Prince William County, 3.00%, 10/1/37        1,690   1,502,758
West Lafayette School Building Corp., IN, 5.00%, 7/15/35        2,800   2,879,238
      $ 36,322,575
Electric Utilities — 2.3%
American Municipal Power, Inc., OH, (Prairie State Energy Campus):       
4.00%, 2/15/35 $      5,690 $  5,727,444
4.00%, 2/15/36        1,000   1,002,103
Brownsville, TX, Utilities System Revenue, 5.00%, 9/1/29        1,000   1,004,361
Clark County Public Utility District No. 1, WA, Electric System Revenue, 5.00%, 1/1/36          505     542,288
Florida Municipal Power Agency, 3.00%, 10/1/33        1,825    1,654,648
Security Principal
Amount
(000's omitted) 		Value
Electric Utilities (continued)
Garland, TX, Electric Utility System Revenue, 5.00%, 3/1/32 $        250 $    252,480
Los Angeles Department of Water and Power, CA, Power System Revenue, (SPA: Barclays Bank PLC), 3.90%, 7/1/34(2)        1,000   1,000,000
Marquette Board of Light and Power, MI, 5.00%, 7/1/27          735     748,203
Metropolitan Government of Nashville and Davidson County, TN, Electric Revenue, 4.00%, 5/15/39        1,375   1,327,625
North Carolina Municipal Power Agency No. 1, (Catawba), 5.00%, 1/1/29          500     507,479
Public Finance Authority, WI, (Duke Energy Progress, LLC), 3.70% to 10/1/30 (Put Date), 10/1/46        2,620   2,594,995
      $ 16,361,626
Escrowed/Prerefunded — 0.0%†
Colorado Health Facilities Authority, (NCMC, Inc.), Escrowed to Maturity, 5.00%, 5/15/25 $        150 $    150,082
      $    150,082
General Obligations — 38.9%
Aldine Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/34 $        300 $    300,315
Amarillo Independent School District, TX, (PSF Guaranteed), 4.00%, 2/1/37        2,725   2,693,604
Anoka-Hennepin Independent School District No. 11, MN, 3.00%, 2/1/36          975     873,004
Athens, AL, 5.00%, 5/1/33          200     220,262
Auburn School District No. 408, WA, 4.00%, 12/1/35          775     749,563
Bainbridge Island School District No. 303, WA, 4.00%, 12/1/36          400     401,346
Belding Area Schools, MI, 5.00%, 5/1/30          225     229,135
Bergen County, NJ, 2.00%, 11/1/33        1,860   1,525,561
Beverly Hills Unified School District, CA, (Election of 2018), 4.00%, 8/1/38          575     583,953
Bexar County, TX, 3.00%, 6/15/30        5,950   5,771,141
Boerne Independent School District, TX, (PSF Guaranteed), 4.00%, 2/1/37        1,000     988,479
Brookline, MA, 3.10%, 3/15/33        1,445   1,390,452
Burbank Unified School District, CA, (Election of 2013), 4.45%, 8/1/36          900     921,587
Burlington, VT, 5.00%, 11/1/29           45      48,535
California:       
3.00%, 11/1/35        4,255   3,945,552
4.55%, 12/1/37        1,000   1,040,129
Celina Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/33        1,135    1,136,393
 
1
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2025
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
General Obligations (continued)
Celina, TX, 1.625%, 9/1/32 $      2,380 $  1,938,995
Centennial School District No. 28Jt, OR, 5.00%, 6/15/34          835     892,951
Chaffey Joint Union High School District, CA, (Election of 2012):       
0.00%, 8/1/30          400     331,918
0.00%, 8/1/31          460     367,521
0.00%, 8/1/32          530     406,770
0.00%, 8/1/35          175     117,575
0.00%, 8/1/36          175     112,000
0.00%, 8/1/37          275     167,187
0.00%, 8/1/38          325     187,675
0.00%, 8/1/39          365     199,895
Chambers County Improvement District No. 1, TX:       
4.00%, 9/1/32        1,100   1,106,996
4.00%, 9/1/33        1,000   1,003,249
4.00%, 9/1/34        1,000     999,549
Chandler, AZ, 2.85%, 7/1/32          590     563,137
Channelview Independent School District, TX, (PSF Guaranteed), 2.375%, 8/15/35          500     413,709
Chisholm Independent School District No. 695, MN, 0.00%, 2/1/38          820     467,125
Clark County, NV:       
3.00%, 11/1/34        1,000     919,160
4.00%, 12/1/35        1,820   1,825,247
4.00%, 6/1/36          175     173,238
Coconino County Unified School District No. 1, AZ:       
1.50%, 7/1/32          990     800,451
1.75%, 7/1/34        1,910   1,489,932
College Station Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/32          320     321,290
College Station, TX:       
3.35%, 2/15/34        1,735   1,634,933
3.45%, 2/15/35        1,300   1,222,083
Colonial School District, PA, 5.00%, 2/15/33           50      50,221
Comal County, TX, 4.00%, 2/1/33        5,580   5,580,188
Connecticut:       
4.00%, 1/15/34        3,000   3,041,404
4.00%, 1/15/35        3,000   3,021,623
5.00%, 12/1/31(3)        1,460   1,614,948
5.00%, 3/15/35(3)          750     846,405
5.00%, 12/1/35(3)        1,015   1,146,930
Conroe, TX, 4.125%, 3/1/39        1,895   1,882,924
Cook County School District No. 25, IL, (Arlington Heights), 5.00%, 12/15/32          630      647,993
Security Principal
Amount
(000's omitted) 		Value
General Obligations (continued)
Cupertino Union School District, CA, (Election of 2012), 5.00%, 8/1/33 $        555 $    569,104
Cypress-Fairbanks Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/35        2,235   2,461,268
Dallas Center-Grimes Community School District, IA:       
3.00%, 5/1/35        1,075     970,671
3.00%, 5/1/36          910     808,423
David Douglas School District No. 40, OR:       
0.00%, 6/15/31          525     416,469
0.00%, 6/15/34        1,655   1,142,182
0.00%, 6/15/35        1,250     819,696
0.00%, 6/15/36        1,690   1,045,888
0.00%, 6/15/37        1,000     582,944
0.00%, 6/15/38          750     410,300
Dedham, MA, 3.30%, 4/1/36          775     733,831
Del Valle Independent School District, TX, (PSF Guaranteed), 4.00%, 6/15/38          750     746,717
Delaware, 5.00%, 5/1/37        1,370   1,532,325
El Paso Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/34          500     499,330
Euless, TX, 5.00%, 2/15/34          125     135,131
Fairfax County, VA, 4.00%, 10/1/42        4,680   4,678,432
Falls City Independent School District, TX, (PSF Guaranteed):       
Prerefunded to 8/15/25, 4.00%, 8/15/34          430     430,621
Prerefunded to 8/15/25, 4.00%, 8/15/34          570     570,824
Florida, (Department of Transportation):       
2.00%, 7/1/33        1,535   1,253,829
3.00%, 7/1/34        5,195   4,828,889
Forney Independent School District, TX, 0.00%, 8/15/37          100      57,980
Fort Bend Independent School District, TX, (PSF Guaranteed):       
3.00%, 8/15/35          400     358,090
3.00%, 8/15/36          500     440,204
Frenship Independent School District, TX, (PSF Guaranteed), 3.00%, 2/15/36        1,790   1,588,253
Glen Rose Independent School District, TX, (PSF Guaranteed):       
5.00%, 8/15/30          560     610,841
5.00%, 8/15/32          935   1,010,987
5.00%, 8/15/33        1,020   1,099,430
5.00%, 8/15/34          330     354,290
Grayson County Junior College District, TX, 5.00%, 2/15/36          865     937,292
Grosse Pointe Public School System, MI, 3.00%, 5/1/36        1,580    1,395,375
 
2
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2025
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
General Obligations (continued)
Guilford County, NC, 3.00%, 5/1/35 $      1,055 $    974,070
Harlandale Independent School District, TX, 5.00%, 8/1/29          845     868,268
Harrisburg School District No. 41-2, SD:       
2.00%, 8/1/32        2,230   1,881,371
2.00%, 8/1/33        1,305   1,072,004
Hays Consolidated Independent School District, TX, (PSF Guaranteed), 3.25%, 2/15/32        3,445   3,354,147
Hays County, TX, 3.00%, 2/15/37        1,125     981,515
Hempstead, NY:       
2.00%, 6/15/33        5,935   5,004,146
2.00%, 6/15/34        6,145   5,051,897
Hennepin County, MN, 5.00%, 12/1/33        1,000   1,026,048
Henrico County, VA, 3.35%, 8/1/36        4,920   4,620,676
Homewood, AL, 5.00%, 9/1/29        1,325   1,353,413
Honolulu City and County, HI, 3.00%, 9/1/31           30      28,819
Houston, TX, 4.00%, 3/1/37        1,730   1,692,904
Independence School District, MO, 3.25%, 3/1/38        2,605   2,374,911
Iowa City Community School District, IA, 2.75%, 6/1/30        2,850   2,633,134
Kansas City, MO, 3.00%, 2/1/35          290     263,011
Kennebunk, ME, 2.00%, 10/1/35          600     465,236
Knox County, TN, 3.00%, 6/1/35        2,925   2,660,746
Knoxville, TN, 3.00%, 5/1/39        3,365   2,819,921
Krum Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/35          720     718,865
Lake Oswego, OR, 2.50%, 6/1/33        1,255   1,120,300
Lake Washington School District No. 414, WA, 4.00%, 12/1/34        1,000   1,006,791
Lane County School District No. 40, OR, 0.00%, 6/15/38        1,000     544,138
Lexington, MA, 3.20%, 2/15/36        1,195   1,119,820
Lone Star College System, TX, 3.00%, 2/15/36        1,395   1,240,660
Longview, TX, 4.00%, 9/1/37        1,100   1,078,331
Loudoun County, VA, 3.25%, 12/1/35          910     844,762
Malakoff Independent School District, TX, (PSF Guaranteed), 3.00%, 2/15/35          230     210,227
Massachusetts, 4.00%, 5/1/36        5,025   5,048,121
McKinney, TX, 2.50%, 8/15/35        2,080   1,776,495
Medina Valley Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/35          325     331,120
Mildred Independent School District, TX, (PSF Guaranteed), 3.00%, 2/15/35          425     385,917
Mill Valley School District, CA:       
3.00%, 8/1/33          190     179,237
3.00%, 8/1/34        1,320    1,233,174
Security Principal
Amount
(000's omitted) 		Value
General Obligations (continued)
Millbrae School District, CA, 2.50%, 7/1/33 $        265 $    236,182
Monrovia Unified School District, CA, (Election of 2006), 0.00%, 8/1/34        3,550   2,543,710
Montgomery County Municipal Utility District No. 46, TX, 4.00%, 3/1/29        1,295   1,295,318
Morgan County School District, UT, 4.00%, 8/1/34        1,180   1,188,217
Mountain View-Los Altos Union High School District, CA, 0.00%, 8/1/27          175     163,106
Nebo School District, UT, 2.125%, 7/1/34        4,515   3,668,239
Nevada, 2.125%, 5/1/38        2,000   1,459,174
New York, NY, 4.00%, 10/1/37        1,875   1,839,426
Newport-Mesa Unified School District, CA, (Election of 2005):       
0.00%, 8/1/35        3,435   2,385,749
0.00%, 8/1/37        6,580   4,157,091
North Carolina, 3.00%, 6/1/31        3,650   3,509,816
Orange County, NC:       
3.25%, 8/1/36        2,575   2,402,516
3.30%, 8/1/37        2,270   2,103,866
Oregon:       
5.00%, 5/15/39(3)        2,250   2,353,480
5.00%, 5/15/40(3)        2,875   2,993,261
Pasadena Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/39        4,840   4,778,491
Pearland Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/35          250     251,657
Pecos Barstow Toyah Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/38        1,575   1,585,201
Pendleton School District No. 16R, Umatilla County, OR, 0.00%, 6/15/27          790     733,437
Pennsylvania, 4.00%, 10/1/37       17,000  17,082,931
Plano, TX, 3.28%, 9/1/35        1,700   1,595,791
Portland, ME, 2.50%, 4/1/35        1,690   1,418,331
Portland, OR, (Transportation Project), 2.00%, 10/1/35        2,395   1,879,157
Quincy School District No. 144-101, WA, 4.00%, 12/1/34          800     795,117
Racine County, WI:       
0.25%, 3/1/37          235     145,755
0.50%, 3/1/38          320     196,762
Rhode Island, 2.00%, 8/1/36          950     716,021
Richardson Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/35          600     593,781
Richmond, VA:       
2.60%, 7/15/37        7,845   6,389,334
2.65%, 7/15/38        8,005   6,424,405
River Falls School District, WI, 3.20%, 4/1/32          920     903,605
Romeo Community Schools, MI, 5.00%, 5/1/30          700      712,935
 
3
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2025
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
General Obligations (continued)
Romulus, MI:       
4.00%, 11/1/31 $        250 $    250,836
4.00%, 11/1/32          100     100,210
4.00%, 11/1/33          250     250,257
Round Rock, TX, 4.00%, 8/15/38          725     722,383
San Antonio Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/33          500     501,007
San Jacinto Community College District, TX, 4.00%, 2/15/34        1,445   1,462,624
School District 27J, Adams and Weld Counties and City and County of Broomfield, CO, 4.00%, 12/1/30          450     450,812
Somerville, MA, 1.75%, 10/15/34        4,150   3,260,756
Southside Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/35          500     501,592
Spokane, WA, 4.00%, 12/1/36        2,980   2,966,507
St. Charles School District, MO, 3.00%, 3/1/38        1,150     988,454
Stamford, CT, 2.00%, 8/15/33          805     667,218
Sugar Land, TX, 4.00%, 2/15/36        1,000   1,000,733
Travis County, TX:       
3.375%, 3/1/38        1,565   1,443,587
3.375%, 3/1/38          605     558,064
Tukwila, WA, 4.00%, 12/1/35          500     501,552
Tuloso-Midway Independent School District, TX, (PSF Guaranteed):       
4.00%, 8/15/29          310     310,258
Prerefunded to 8/15/25, 4.00%, 8/15/29          235     235,340
Tyler Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/36        2,000   2,043,300
Umatilla School District No. 6R, Umatilla County, OR:       
0.00%, 6/15/29          115      98,909
0.00%, 6/15/30          110      90,804
Union County, NC:       
3.00%, 9/1/35          920     845,240
3.00%, 9/1/36          985     892,354
United Independent School District, TX:       
4.00%, 2/15/33          350     351,344
4.00%, 2/15/34          535     536,278
4.00%, 2/15/36          580     579,650
4.00%, 2/15/37          600     595,501
Upper St. Clair Township, PA, 4.00%, 6/1/34          800     803,313
Vestavia Hills, AL, 4.00%, 8/1/35          800     802,274
Village of Dobbs Ferry, NY:       
2.85%, 10/15/35          475     413,616
3.00%, 10/15/36          340     300,054
Waldwick School District, NJ:       
2.00%, 7/15/34        1,245      986,935
Security Principal
Amount
(000's omitted) 		Value
General Obligations (continued)
Waldwick School District, NJ: (continued)      
2.00%, 7/15/35 $      1,270 $    978,435
2.00%, 7/15/36        1,300     973,271
Washington:       
5.00%, 8/1/39        1,205   1,253,276
5.00%, 8/1/40        3,925   4,066,186
5.00%, 6/1/45        5,240   5,526,070
West St. Paul-Mendota Heights-Eagan Independent School District No. 197, MN, 3.55%, 2/1/36        7,615   7,374,301
Westchester County, NY, 2.00%, 10/15/33          650     544,721
Wichita Falls Independent School District, TX, (PSF Guaranteed), 3.00%, 2/1/38        2,220   1,891,354
Will County Community Unit School District No. 365-U, IL, 4.00%, 1/1/30          360     361,109
Williamson County, TX, 3.00%, 2/15/33          400     376,806
Willis Independent School District, TX, (PSF Guaranteed), 3.00%, 2/15/34          605     555,596
Worthington City School District, OH:       
0.00%, 12/1/30          235     190,028
0.00%, 12/1/31          270     208,904
Yosemite Community College District, CA, (Election of 2004), 0.00%, 8/1/37          165     101,890
Ysleta Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/37          405     401,791
      $275,585,406
Hospital — 4.2%
California Health Facilities Financing Authority, (Adventist Health System/West), 4.00%, 3/1/27 $         90 $     90,010
California Health Facilities Financing Authority, (El Camino Hospital), 5.00%, 2/1/29          440     453,851
Center City, MN, (Hazelden Betty Ford Foundation):       
5.00%, 11/1/35          320     343,689
5.00%, 11/1/36          335     356,992
5.00%, 11/1/37          280     297,389
5.00%, 11/1/38          365     386,653
5.00%, 11/1/39          385     405,425
Clarke County Hospital Authority, GA, (Piedmont Healthcare, Inc.), 5.00%, 7/1/30          335     339,150
Cobb County Kennestone Hospital Authority, GA, (WellStar Health System, Inc.), 4.00%, 4/1/34          100     100,356
Connecticut Health and Educational Facilities Authority, (Stamford Hospital), 4.00%, 7/1/30          350     352,582
Grand Forks County, ND, Prerefunded to 10/1/30, 4.00%, 10/1/35          345     359,725
Idaho Health Facilities Authority, ID, (St. Lukes's Health System), 5.00% to 3/1/35 (Put Date), 3/1/60        3,750    4,077,722
 
4
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2025
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
Hospital (continued)
Illinois Finance Authority, (Rush University Medical Center):       
5.00%, 11/15/31 $      1,000 $  1,000,259
5.00%, 11/15/32        1,000   1,000,130
Louisville/Jefferson County Metro Government, KY, (Norton Healthcare, Inc.):       
5.00%, 10/1/30        2,000   2,032,247
5.00%, 10/1/31        1,500   1,522,016
5.00%, 10/1/32        2,000   2,028,338
Maryland Health and Higher Educational Facilities Authority, (MedStar Health, Inc.), 5.00%, 8/15/31          875     875,933
Massachusetts Development Finance Agency, (Berkshire Retirement Community, Inc.), 5.00%, 7/1/25          130     130,106
Minneapolis, MN, (Allina Health System), 4.00%, 11/15/36        1,990   1,949,203
Missouri Health and Educational Facilities Authority, (CoxHealth), 5.00%, 11/15/31          440     442,211
Missouri Health and Educational Facilities Authority, (Saint Luke's Health System), 5.00%, 11/15/31        1,000   1,013,987
New Jersey Health Care Facilities Financing Authority, (Princeton HealthCare System):       
5.00%, 7/1/28          600     610,751
5.00%, 7/1/31          275     279,390
New York Dormitory Authority, (Maimonides Medical Center), 4.00%, 8/1/30          150     151,934
Oregon Facilities Authority, (Samaritan Health Services), 5.00%, 10/1/32          700     703,001
South Carolina Jobs-Economic Development Authority, (Novant Health Obligated Group), 5.00%, 11/1/31        4,000   4,353,324
Southcentral Pennsylvania General Authority, (Hanover Hospital, Inc.), 4.00%, 12/1/30          150     146,345
St. Paul Housing and Redevelopment Authority, MN, (HealthPartners Obligated Group), 5.00%, 7/1/30          625     625,662
University of Kansas Hospital Authority, (KU Health System), 5.00%, 9/1/27        1,505   1,512,795
Vermont Educational and Health Buildings Financing Agency, (University of Vermont Medical Center):       
5.00%, 12/1/25          285     287,062
5.00%, 12/1/28           65      65,865
5.00%, 12/1/30          300     303,552
5.00%, 12/1/31           70      70,756
Wisconsin Health and Educational Facilities Authority, (Agnesian HealthCare, Inc.), 5.00%, 7/1/26          400     406,917
Wisconsin Health and Educational Facilities Authority, (Gundersen Health System), 4.00%, 10/15/33          425     427,140
      $ 29,502,468
Security Principal
Amount
(000's omitted) 		Value
Housing — 12.7%
Colorado Housing and Finance Authority, Social Bonds, (GNMA), 5.75%, 11/1/53 $      4,300 $  4,553,771
Connecticut Housing Finance Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 6.00%, 11/15/54          815     872,757
Connecticut Housing Finance Authority, (Housing Mortgage Finance), 1.45%, 5/15/31        1,220   1,062,857
Illinois Housing Development Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 6.25%, 10/1/53        3,125   3,430,116
Indiana Housing and Community Development Authority, SFMR, Social Bonds, (FHLMC), (FNMA), (GNMA), 4.35%, 7/1/37        3,035   3,053,229
Iowa Finance Authority, SFMR:       
Social Bonds, (FHLMC), (FNMA), (GNMA), 1.60%, 7/1/31          175     147,585
Social Bonds, (FHLMC), (FNMA), (GNMA), (SPA: TD Bank, N.A.), 3.62%, 7/1/49(2)        4,000   4,000,000
Maricopa County and Phoenix Industrial Development Authorities, AZ, (GNMA), 5.75%, 3/1/56        6,000   6,514,256
Michigan Housing Development Authority, Social Bonds, 6.00%, 6/1/54        7,755   8,309,779
Minnesota Housing Finance Agency:       
2019 Series A, 4.00%, 8/1/34          295     297,021
2019 Series A, 4.00%, 8/1/35          440     441,055
2019 Series C, 4.00%, 8/1/34          240     241,644
(FHLMC), (FNMA), (GNMA), 2.55%, 7/1/39        1,375   1,056,907
New Mexico Mortgage Finance Authority, (FHLMC), (FNMA), (GNMA), 5.75%, 3/1/54        2,895   3,078,674
New York City Housing Development Corp., NY, Sustainability Bonds, 2.85%, 11/1/29           20      19,228
New York Mortgage Agency, 3.65%, 4/1/32           95      94,303
North Dakota Housing Finance Agency, Social Bonds, 6.00%, 7/1/54        4,980   5,336,037
Ohio Housing Finance Agency, Social Bonds, (FHLMC), (FNMA), (GNMA), 6.25%, 3/1/55        2,260   2,438,489
Pennsylvania Housing Finance Agency, SFMR, Social Bonds, 6.25%, 10/1/53        5,575   6,009,790
Seattle Housing Authority, WA, (Northgate Plaza), 1.00%, 6/1/26        7,675   7,399,646
South Dakota Housing Development Authority:       
(FHLMC), (FNMA), (GNMA), 6.25%, 5/1/55        4,420   4,781,816
(FHLMC), (FNMA), GNMA), 6.25%, 11/1/55        4,980   5,508,031
Tennessee Housing Development Agency, (Residential Finance Program), Social Bonds, (FHLMC), (FNMA), (GNMA), 6.25%, 1/1/54        2,575   2,775,284
Texas Department of Housing and Community Affairs, Social Bonds, (GNMA), 6.00%, 1/1/54        4,880   5,288,178
Utah Housing Corp., (FHLMC), (FNMA), (GNMA), 6.00%, 7/1/54        4,895    5,323,860
 
5
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2025
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
Housing (continued)
Vermont Housing Finance Agency, (FHLMC), (FNMA), (GNMA), 3.85%, 11/1/33 $        994 $    988,241
Virginia Housing Development Authority, 2.55%, 5/1/27           90      87,876
Wisconsin Housing and Economic Development Authority, Home Ownership Revenue, Social Bonds, (FHLMC), (FNMA), (GNMA), 6.00%, 9/1/54        6,040   6,482,874
      $ 89,593,304
Insured - Bond Bank — 1.5%
Indianapolis Local Public Improvement Bond Bank, IN, (AGM), 4.00%, 6/1/36 $     10,855 $ 10,904,971
      $ 10,904,971
Insured - Electric Utilities — 0.5%
Municipal Electric Authority of Georgia, (Plant Vogtle Units 3 & 4 Project M):       
(AGM), 4.00%, 1/1/37 $        470 $    466,231
(AGM), 5.00%, 7/1/30          120     129,611
(AGM), 5.00%, 7/1/31          225     245,766
(AGM), 5.00%, 7/1/32          465     511,890
(AGM), 5.00%, 7/1/33          330     364,256
(AGM), 5.00%, 7/1/34          365     401,248
(AGM), 5.00%, 7/1/35          310     339,131
(AGM), 5.00%, 7/1/36          500     544,368
(AGM), 5.00%, 7/1/37          390     421,311
(AGM), 5.00%, 7/1/38          405     435,202
      $  3,859,014
Insured - General Obligations — 0.5%
Fort Bend County Municipal Utility District No. 58, TX, (BAM), 3.00%, 4/1/26 $         10 $      9,945
Mauston School District, WI, (AGM), 1.60%, 3/1/34        2,465   1,874,592
Rialto Unified School District, CA, (Election of 2022):       
(BAM), 0.00%, 8/1/34          325     227,641
(BAM), 0.00%, 8/1/35          425     282,844
(BAM), 0.00%, 8/1/36          500     315,357
(BAM), 0.00%, 8/1/37          750     446,239
(BAM), 0.00%, 8/1/38          450     253,078
      $  3,409,696
Insured - Lease Revenue/Certificates of Participation — 0.6%
Clermont County Port Authority, OH, (West Clermont Local School District), (BAM), 5.00%, 12/1/29 $        100 $    100,822
Fairfield, CA, Certificates of Participation:       
(AGC), 0.00%, 4/1/34        1,000     712,530
(AGC), 0.00%, 4/1/37        5,000    3,089,224
Security Principal
Amount
(000's omitted) 		Value
Insured - Lease Revenue/Certificates of Participation (continued)
Highlands County School Board, FL, (BAM), 5.00%, 3/1/27 $         75 $     75,113
Tahoe-Truckee Unified School District, CA, Certificates of Participation, (BAM), 5.00%, 6/1/31           90      91,922
      $  4,069,611
Insured - Special Tax Revenue — 0.3%
Mobile County Board of School Commissioners, AL, (BAM), 4.00%, 3/1/36 $      1,405 $  1,384,257
North Houston Development Corp., TX, Tax Increment Contract Revenue, (AGM), 3.00%, 9/1/36          880     766,589
      $  2,150,846
Insured - Transportation — 0.7%
Alameda Corridor Transportation Authority, CA, (AGM), 0.00%, 10/1/49 $      7,000 $  3,944,559
New Brunswick Parking Authority, NJ, (BAM), 5.00%, 9/1/27          175     176,052
New Orleans Aviation Board, LA, (AGM), 5.00%, 1/1/34        1,000   1,027,993
      $  5,148,604
Insured - Water and Sewer — 1.6%
Gulf Coast Waste Disposal Authority, TX, (AGM), 5.00%, 10/1/30 $        250 $    251,528
Hamburg Municipal Authority, PA, Sewer Revenue:       
(AGM), 2.00%, 10/1/32          320     267,560
(AGM), 2.00%, 10/1/34           30      23,636
Massachusetts Water Resources Authority, (AGM), 5.25%, 8/1/38        9,000  10,561,785
      $ 11,104,509
Lease Revenue/Certificates of Participation — 1.9%
Colorado Department of Transportation:       
5.00%, 6/15/30 $        350 $    355,506
5.00%, 6/15/31          310     314,671
Greene County, MO, Certificates of Participation, 4.00%, 3/1/35        2,000   2,010,842
Lee County School Board, FL, Certificates of Participation, 5.00%, 8/1/32        1,495   1,524,896
Los Angeles Unified School District, CA, Sustainability Bonds, 5.00%, 10/1/38        2,450   2,643,565
New Jersey Transportation Trust Fund Authority, (Transportation Program), 5.25%, 6/15/39        5,250    5,627,739
 
6
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2025
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
Lease Revenue/Certificates of Participation (continued)
Noblesville Multi-School Building Corp., IN, 3.00%, 7/15/33 $        275 $    254,870
Public Finance Authority, WI, (KU Campus Development Corp.), 5.00%, 3/1/29          500     505,553
      $ 13,237,642
Other Revenue — 7.2%
California Community Choice Financing Authority, Clean Energy Project Revenue:       
Green Bonds, 4.00% to 8/1/31 (Put Date), 2/1/52 $      2,020 $  1,998,168
Green Bonds, 4.00% to 8/1/28 (Put Date), 5/1/53        5,300   5,290,543
Kentucky Public Energy Authority, Gas Supply Revenue, 4.00% to 2/1/28 (Put Date), 2/1/50        5,000   4,992,020
Louisiana Local Government Environmental Facilities and Community Development Authority, (Jefferson Parish):       
5.00%, 4/1/27          500     509,840
5.00%, 4/1/29          275     279,657
Main Street Natural Gas, Inc., GA, Gas Supply Revenue:       
4.00% to 12/1/29 (Put Date), 9/1/52       23,115  22,925,836
5.00% to 3/1/30 (Put Date), 7/1/53        2,500   2,606,797
5.00% to 12/1/31 (Put Date), 12/1/54        3,000   3,105,809
5.00% to 12/1/32 (Put Date), 5/1/55        5,000   5,192,397
Philadelphia Energy Authority:       
Sustainability Bonds, 5.00%, 11/1/33          850     941,674
Sustainability Bonds, 5.00%, 11/1/38          850     906,640
Sustainability Bonds, 5.00%, 11/1/43          750     781,313
Tennergy Corp., TN, Gas Supply Revenue, 4.00% to 9/1/28 (Put Date), 12/1/51        1,150   1,147,951
      $ 50,678,645
Senior Living/Life Care — 2.4%
Baltimore County, MD, (Riderwood Village, Inc.):       
4.00%, 1/1/30 $      1,455 $  1,458,476
4.00%, 1/1/32          350     349,986
4.00%, 1/1/33          600     597,240
4.00%, 1/1/34          685     678,896
4.00%, 1/1/35          615     604,682
Buffalo and Erie County Industrial Land Development Corp., NY, (Orchard Park CCRC, Inc.):       
5.00%, 11/15/28           50      50,212
5.00%, 11/15/30          910     913,889
California Municipal Finance Authority, (PRS California Obligated Group):       
5.00%, 4/1/31          210     224,532
5.00%, 4/1/32          315      337,920
Security Principal
Amount
(000's omitted) 		Value
Senior Living/Life Care (continued)
California Municipal Finance Authority, (PRS California Obligated Group): (continued)      
5.00%, 4/1/33 $        490 $    526,120
5.00%, 4/1/34          415     446,184
California Statewide Communities Development Authority, (American Baptist Homes of the West), 5.00%, 10/1/25          100     100,368
Cumberland County Municipal Authority, PA, (Diakon Lutheran Social Ministries), 5.00%, 1/1/27        1,035   1,037,159
East Hempfield Township Industrial Development Authority, PA, (Willow Valley Communities), 5.00%, 12/1/31          310     310,348
Lancaster Municipal Authority, PA, (Garden Spot Village):       
5.00%, 5/1/31          205     216,494
5.00%, 5/1/32          305     323,668
Missouri Health and Educational Facilities Authority, (Lutheran Senior Services):       
3.00%, 2/1/27          975     956,646
5.00%, 2/1/31        1,160   1,208,841
5.00%, 2/1/32          800     836,640
5.00%, 2/1/33          515     539,773
5.00%, 2/1/34          550     576,313
North Carolina Medical Care Commission, (United Methodist Retirement Homes):       
Series 2016A, 5.00%, 10/1/30           10      10,136
Series 2016A, 5.00%, 10/1/31          300     304,125
Virginia Small Business Financing Authority, (Lifespire of Virginia), 5.00%, 12/1/39        3,000   3,053,733
Washington Housing Finance Commission, WA, (Emerald Heights), 5.00%, 7/1/38        1,580   1,631,002
      $ 17,293,383
Special Tax Revenue — 6.4%
Allentown Neighborhood Improvement Zone Development Authority, PA:       
5.00%, 5/1/28 $        315 $    325,060
5.00%, 5/1/29          450     467,238
5.00%, 5/1/30          300     312,699
5.00%, 5/1/31          455     477,536
Connecticut, Special Tax Obligation Bonds:       
5.00%, 7/1/34        1,000   1,109,478
5.00%, 7/1/39        3,000   3,249,301
Miami-Dade County, FL, Special Obligation Bonds:       
5.00%, 4/1/30          950     966,953
5.00%, 4/1/31          895     909,506
5.00%, 4/1/32          735      747,113
 
7
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2025
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
Special Tax Revenue (continued)
New York City Transitional Finance Authority, NY, Future Tax Revenue:       
4.00%, 8/1/37 $      1,995 $  1,949,773
4.00%, 2/1/38          310     304,747
5.00%, 11/1/39        5,000   5,415,243
New York Dormitory Authority, Personal Income Tax Revenue:       
4.00%, 2/15/37        6,950   6,873,536
5.00%, 3/15/40        9,860  10,682,078
New York Dormitory Authority, Sales Tax Revenue, 5.00%, 3/15/32        1,800   1,808,376
New York State Urban Development Corp., Personal Income Tax Revenue:       
4.00%, 3/15/35        2,885   2,883,168
4.00%, 3/15/39        2,900   2,815,764
Triborough Bridge and Tunnel Authority, NY:       
5.00%, 12/1/42        1,985   2,105,068
Green Bonds, 5.25%, 11/15/39        1,000   1,098,960
Tri-County Metropolitan Transportation District of Oregon, OR, Green Bonds, 3.00%, 9/1/37        1,100     961,862
      $ 45,463,459
Transportation — 6.5%
Alameda Corridor Transportation Authority, CA:       
0.00%, 10/1/49 $      1,335 $    749,551
0.00%, 10/1/50        5,000   2,799,908
Central Texas Regional Mobility Authority, 4.00%, 1/1/34           70      70,523
Chicago, IL, (O'Hare International Airport), 5.25%, 1/1/32        2,565   2,636,095
Denver City and County, CO, Airport System Revenue, 5.00%, 11/15/31        1,255   1,283,273
Fort Bend County, TX, Toll Road Revenue, 5.00%, 3/1/28          500     500,642
Illinois Toll Highway Authority:       
5.00%, 1/1/29          175     176,409
5.00%, 12/1/32          350     352,387
Los Angeles Department of Airports, CA, (Los Angeles International Airport):       
5.00%, 5/15/33          225     237,382
5.00%, 5/15/34          200     200,116
Green Bonds, 5.00%, 5/15/39        9,420  10,347,779
Louisiana Gasoline and Fuels Tax Revenue, 5.00%, 5/1/40        8,500   9,143,872
Maryland Department of Transportation, 3.00%, 10/1/31        4,730    4,555,180
Security Principal
Amount
(000's omitted) 		Value
Transportation (continued)
Metropolitan Transportation Authority, NY, 3.331%, (67% of SOFR + 0.43%), 11/1/26(1) $        885 $    883,996
Nevada Highway Improvement Revenue, 2.00%, 12/1/34          950     744,832
New Orleans Aviation Board, LA, 5.00%, 1/1/28          150     153,741
North Texas Tollway Authority, 4.125%, 1/1/39        6,000   5,907,075
Port Authority of New York and New Jersey, 4.00%, 11/1/37        3,185   3,088,087
Salt Lake City, UT, (Salt Lake City International Airport):       
5.00%, 7/1/31          300     312,805
5.00%, 7/1/32          660     686,950
5.00%, 7/1/33          600     623,132
5.00%, 7/1/34          450     466,346
      $ 45,920,081
Water and Sewer — 4.7%
Collier County Water-Sewer District, FL, 3.00%, 7/1/38 $      1,000 $    840,979
Dallas, TX, Waterworks and Sewer System Revenue, 4.00%, 10/1/37          800     793,550
Indiana Finance Authority, (CWA Authority, Inc.), Green Bonds:       
4.00%, 10/1/36        1,475   1,466,412
4.00%, 10/1/37        1,595   1,566,253
Jefferson County, AL, Sewer Revenue, 5.00%, 10/1/39        5,000   5,200,414
Lincoln, NE, Sanitary Sewer Revenue, 3.00%, 6/15/35          615     551,419
Louisville and Jefferson County Metropolitan Sewer District, KY, Green Bonds, 4.00%, 5/15/36          220     221,882
Marin Public Financing Authority, CA, (Sausalito-Marin City Sanitary District), 4.00%, 4/1/32          575     581,290
Memphis, TN, Sanitary Sewerage System Revenue, 4.00%, 10/1/32        1,700   1,704,118
Mesa, AZ, Utility Systems Revenue, 5.00%, 7/1/29          250     254,337
Metropolitan Utilities District of Omaha, NE, Water System Revenue, 3.25%, 12/1/31        1,720   1,660,575
New York City Municipal Water Finance Authority, NY, (Water and Sewer System), 3.00%, 6/15/36        1,000     899,881
New York State Environmental Facilities Corp., (New York City Municipal Water Finance Authority), 4.00%, 6/15/37          155     156,830
Portland, OR, Sewer System Revenue, 3.00%, 3/1/37          710     632,883
Rapid City, SD, Water Revenue:       
4.00%, 11/1/29          600     601,162
4.00%, 11/1/30          670     670,842
San Francisco City and County Public Utilities Commission, CA, Wastewater Revenue, 4.00%, 10/1/37          185      188,118
 
8
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2025
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
Water and Sewer (continued)
Santa Maria, CA, Water & Wastewater Revenue, 3.00%, 2/1/35 $      2,015 $  1,900,726
Southeast Energy Authority, AL, (Project No. 2), 4.00% to 12/1/31 (Put Date), 12/1/51        2,950   2,901,921
Southeast Energy Authority, AL, (Project No. 6), (Liq: Royal Bank of Canada), 5.00% to 6/1/30 (Put Date), 1/1/54        1,500   1,565,875
Texas Water Development Board:       
4.00%, 8/1/35        4,115   4,152,356
4.00%, 10/15/36          500     496,921
4.00%, 10/15/36          700     695,057
Washington Suburban Sanitary District, MD, 2.00%, 6/1/34        2,000   1,655,430
Winston-Salem, NC, Water & Sewer System Revenue, 2.375%, 6/1/38        2,085   1,634,359
      $ 32,993,590
Total Tax-Exempt Municipal Obligations
(identified cost $701,399,786) 		    $696,854,882
    
Short-Term Investments — 2.1%
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.24%(4)   15,028,347 $ 15,028,347
Total Short-Term Investments
(identified cost $15,028,347) 		    $ 15,028,347
Total Investments — 100.5%
(identified cost $716,428,133) 		    $711,883,229
Other Assets, Less Liabilities — (0.5)%     $ (3,431,388)
Net Assets — 100.0%     $708,451,841
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
† Amount is less than 0.05% or (0.05)%, as applicable.
(1) Floating rate security. The stated interest rate represents the rate in effect at April 30, 2025.
(2) Variable rate demand obligation that may be tendered at par on any day for payment the lesser of 5 business days or 7 calendar days. The stated interest rate, which generally resets weekly, is determined by the remarketing agent and represents the rate in effect at April 30, 2025.
(3) When-issued security.
(4) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of April 30, 2025.
At April 30, 2025, the concentration of the Fund’s investments in the various states determined as a percentage of net assets, is as follows:
 Texas 13.8%
 Others, representing less than 10% individually 84.6%
The Fund 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 April 30, 2025, 5.7% 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 4.7% of total investments.
Abbreviations:
AGC – Assured Guaranty Corp.
AGM – Assured Guaranty Municipal Corp.
BAM – Build America Mutual Assurance Co.
FHLMC – Federal Home Loan Mortgage Corp.
FNMA – Federal National Mortgage Association
GNMA – Government National Mortgage Association
Liq – Liquidity Provider
PSF – Permanent School Fund
SFMR – Single Family Mortgage Revenue
SOFR – Secured Overnight Financing Rate
SPA – Standby Bond Purchase Agreement
 
9
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2025
Portfolio of Investments (Unaudited) — continued
The Fund did not have any open derivative instruments at April 30, 2025.
Affiliated Investments
At April 30, 2025, the value of the Fund's investment in funds that may be deemed to be affiliated was $15,028,347, which represents 2.1% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended April 30, 2025 were as follows:
Name Value,
beginning
of period 		Purchases Sales
proceeds 		Net realized
gain (loss) 		Change in
unrealized
appreciation
(depreciation) 		Value, end
of period 		Dividend
income 		Shares,
end of period
Short-Term Investments 
Liquidity Fund, Institutional Class(1) $45,641,594 $70,027,947 $(100,641,194) $ — $ — $15,028,347 $198,463 15,028,347
(1) Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.
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 April 30, 2025, the hierarchy of inputs used in valuing the Fund's investments, which are carried at fair value, were as follows:
Asset Description  Level 1  Level 2  Level 3  Total 
Tax-Exempt Municipal Obligations $       — $696,854,882 $ — $696,854,882
Short-Term Investments 15,028,347         —  —  15,028,347
Total Investments $15,028,347 $696,854,882 $ — $711,883,229
For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.
10