# EDGAR Filing Document

**Accession Number:** 0000895528
**File Stem:** 0000895528-25-000009
**Filing Date:** 2025-10
**Character Count:** 89582
**Document Hash:** c6e3553231668f94c848da94fbc6a5cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000895528-25-000009.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0000895528-25-000009

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Pennsylvania Value Municipal Income Trust
- **CENTRAL INDEX KEY:** 0000895528

**ORGANIZATION NAME:**
- **EIN:** 367017427
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07398
- **FILM NUMBER:** 251433689

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 SPRING STREET N.W.
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 404-439-3217

**MAIL ADDRESS:**
- **STREET 1:** 1331 SPRING STREET N.W.
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Invesco Van Kampen Pennsylvania Value Municipal Income Trust
- **DATE OF NAME CHANGE:** 20100601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
- **DATE OF NAME CHANGE:** 19981006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA VALUE MUNIC INCO TR
- **DATE OF NAME CHANGE:** 19971007

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Invesco Pennsylvania Value Municipal Income Trust

- **b. Investment Company Act file number:** 811-07398

- **c. CIK number of Registrant:** 0000895528

- **d. LEI of Registrant:** 549300S5KHBL3XISY922

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1331 Spring Street NW, Suite 2500

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30309

  - **Telephone number:** 800-959-4246

**Item A.2. Information about the Series.**

- **a. Name of Series:** Invesco Pennsylvania Value Municipal Income Trust

- **c. LEI of Series:** 549300S5KHBL3XISY922

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $297225827.57

**Total Liabilities:** $109802036.54

**Net Assets:** $187423791.03

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -494.72249360 | **1-Year:** -7779.49562422 | **5-Year:** -27584.22155547 | **10-Year:** -76664.67954137 | **30-Year:** -39883.56337624

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -110.78114578 | **1-Year:** -1648.33530492 | **5-Year:** -8215.02663277 | **10-Year:** -13333.89028153 | **30-Year:** -9579.80418597

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.28%                | -1.03%               | 0.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7501.82                | $-29082.13                                 |
| Month 2  | $-138870.41              | $-2512425.09                               |
| Month 3  | $-131794.75              | $-141675.39                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                                                                                  | Title                                                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Coatesville School District                                                                                                           | Coatesville School District, Series 2020 C, Ref. GO Notes                                                                                              | CUSIP: 190684PX2<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    360000 | PA      | $258013.73    | 0.14%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2023, Ref. RN                                                                               | CUSIP: 709222DS9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997150.00   | 1.07%             | 2026-07-15      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                       | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1346725.38   | 0.72%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Waverly Heights Ltd.)                                                    | Montgomery (County of), PA Industrial Development Authority (Waverly Heights Ltd.), Series 2019, Ref. RB                                               | CUSIP: 613609K62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925836.40    | 0.49%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                 | Children's Trust Fund, Series 2002, RB                                                                                                                 | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1284840.01   | 0.69%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                                  | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2024-146A, RB                                                             | CUSIP: 70879QXV0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2161201.64   | 1.15%             | 2054-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB                                                                                  | CUSIP: 709224S91<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5017464.50   | 2.68%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Social Bonds)                                                        | Philadelphia (City of), PA Authority for Industrial Development (Social Bonds), Series 2024, Ref. RB                                                   | CUSIP: 71780CBZ2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $466548.25    | 0.25%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, Inc.)                                  | Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, Inc.), Series 2017, Ref. RB                             | CUSIP: 613603XG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2735116.80   | 1.46%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement)                       | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement), Series 2015, RB                       | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1722521.85   | 0.92%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group)                              | Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group), Series 2017, Ref. RB                         | CUSIP: 717824AQ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3025000 | PA      | $2785846.83   | 1.49%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                 | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRH0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1159302.88   | 0.62%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II)                                    | Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II), Series 2020, RB                                    | CUSIP: 71780CAK6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1310455.16   | 0.70%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                           | Coatesville School District, Series 2020 B, Ref. GO Bonds                                                                                              | CUSIP: 190684PV6<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    275000 | PA      | $197093.82    | 0.11%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University)                                         | Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University), Series 2017 A, Ref. RB                                  | CUSIP: 71781XCQ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    980000 | PA      | $943560.95    | 0.50%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Littlestown Area School District                                                                                                      | Littlestown Area School District, Series 2023 A, GO Bonds                                                                                              | CUSIP: 537713PR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2405422.08   | 1.28%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reading School District                                                                                                               | Reading School District, Series 2017, Ref. GO Bonds                                                                                                    | CUSIP: 755638ZG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521100.05   | 0.81%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.)                                         | Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.), Series 2014, Ref. RB                                    | CUSIP: 708686DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2364838.71   | 1.26%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter School)                                        | Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter School), Series 2020, Ref. RB                                   | CUSIP: 71780CBA7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1494205.82   | 0.80%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Brethren Village)                                                                       | Lancaster (County of), PA Hospital Authority (Brethren Village), Series 2017, Ref. RB                                                                  | CUSIP: 514045S61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1399150.20   | 0.75%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                                      | Commonwealth Financing Authority, Series 2018, RB                                                                                                      | CUSIP: 20282EAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3688199.55   | 1.97%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Trustees University of Pennsylvania)                          | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Trustees University of Pennsylvania), Series 2025, RB                          | CUSIP: 70917TTC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2228617.25   | 1.19%             | 2055-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                         | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2019, RB                                                         | CUSIP: 353273CE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $423373.49    | 0.23%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2009 C, RB                                                                                  | CUSIP: 709223XA4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5840000 | PA      | $5971585.71   | 3.19%             | 2033-06-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| DuBois (City of), PA Hospital Authority (Penn Highlands Healthcare)                                                                   | DuBois (City of), PA Hospital Authority (Penn Highlands Healthcare), Series 2018, Ref. RB                                                              | CUSIP: 263804BQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2558211.60   | 1.36%             | 2048-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (County of), PA Redevelopment Authority (Victory Centre)                                                                   | Washington (County of), PA Redevelopment Authority (Victory Centre), Series 2018, Ref. RB                                                              | CUSIP: 938618AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986031.80    | 0.53%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2017 B, Ref. RB                                                                                                     | CUSIP: 717817UL2<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3959393.20   | 2.11%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority (Pittsburgh Airport)                                                                      | Allegheny (County of), PA Airport Authority (Pittsburgh Airport), Series 2023 A, RB                                                                    | CUSIP: 01728LHE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4074837.60   | 2.17%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                           | Coatesville School District, Series 2020 B, Ref. GO Bonds                                                                                              | CUSIP: 190684PW4<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    550000 | PA      | $373053.01    | 0.20%             | 2034-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Delaware Valley Regional Finance Authority                                                                                            | Delaware Valley Regional Finance Authority, Series 2002, RB                                                                                            | CUSIP: 246579GC4<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2896379.50   | 1.55%             | 2032-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                                      | Commonwealth Financing Authority, Series 2018, RB                                                                                                      | CUSIP: 20282EAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099291.20   | 1.12%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University)                                          | Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2019, Ref. RB                                     | CUSIP: 613603B40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $2853158.43   | 1.52%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II)                                    | Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II), Series 2020, RB                                    | CUSIP: 71780CAJ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    620000 | PA      | $611116.27    | 0.33%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority                                                                                           | Allegheny (County of), PA Airport Authority, Series 2021 A, RB                                                                                         | CUSIP: 01728LGH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2418416.40   | 1.29%             | 2056-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Pennsylvania (Commonwealth of) Hospital & Education Authority (Kings College)                                            | Northeastern Pennsylvania (Commonwealth of) Hospital & Education Authority (Kings College), Series 2019, RB                                            | CUSIP: 664551CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $906112.80    | 0.48%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2018 A-2, RB                                                                                | CUSIP: 709224K40<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2530106.50   | 1.35%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority (Geisinger Health System)                                                                                         | Geisinger Authority (Geisinger Health System), Series 2017 A-1, Ref. RB                                                                                | CUSIP: 368497HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1692901.00   | 0.90%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                       | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4776256.00   | 2.55%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency                                                                     | Pennsylvania (Commonwealth of) Higher Education Assistance Agency, Series 2023 B, RB                                                                   | CUSIP: 70878CBB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $455185.30    | 0.24%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments)                                        | Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments), Series 2017, RB                                        | CUSIP: 717908AG2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015351.50   | 0.54%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks (County of), PA Industrial Development Authority (Pennswood Village)                                                            | Bucks (County of), PA Industrial Development Authority (Pennswood Village), Series 2018, Ref. RB                                                       | CUSIP: 118612MV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $986761.71    | 0.53%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2024 C, RB                                                                                                          | CUSIP: 7178933W9<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7760778.75   | 4.14%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School)                                    | Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School), Series 2016 B, RB                                  | CUSIP: 71781XAX1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $1988990.77   | 1.06%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                 | Children's Trust Fund, Series 2008 B, RB                                                                                                               | CUSIP: 16876QBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28400000 | PA      | $763093.80    | 0.41%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                                  | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2024-145A, RB                                                             | CUSIP: 70879QWN9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1582210.86   | 0.84%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2017 15, Ref. RB                                                                                                    | CUSIP: 71783MAZ8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1086078.95   | 0.58%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                                  | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2023 141-A, RB                                                            | CUSIP: 70879QSZ7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    796226 | PA      | $848128.55    | 0.45%             | 2053-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Lehigh Valley Dual Language Charter School)                                         | Lehigh (County of), PA General Purpose Authority (Lehigh Valley Dual Language Charter School), Series 2023, RB                                         | CUSIP: 52480EAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1275553.06   | 0.68%             | 2053-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center)                                             | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center), Series 2024, RB                                             | CUSIP: 018444CC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2866499.58   | 1.53%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority                                                               | Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2025, Ref. RB                                                          | CUSIP: 708692CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018509.00   | 0.54%             | 2035-03-27      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network)                                          | Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network), Series 2016, Ref. RB                                     | CUSIP: 66353RCB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1178439.56   | 0.63%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, First series 2023, Ref. RB                                                                         | CUSIP: 709225HE9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028592.30   | 0.55%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority (Asset Improvement Program)                                                        | Southeastern Pennsylvania Transportation Authority (Asset Improvement Program), Series 2022, RB                                                        | CUSIP: 842039FQ7<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3074160.30   | 1.64%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 A, RB                                                                                  | CUSIP: 709224VB2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10144103.00  | 5.41%             | 2042-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) (Section 30)                                                                                                      | Guam (Territory of) (Section 30), Series 2016 A, Ref. RB                                                                                               | CUSIP: 40065HDV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1227987.38   | 0.66%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC)                                                        | Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC), Series 2020 A-1, RB                                                    | CUSIP: 70870JCK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2056585.97   | 1.10%             | 2050-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Collegium Charter School)                                                   | Chester (County of), PA Industrial Development Authority (Collegium Charter School), Series 2017 A, RB                                                 | CUSIP: 165588DL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2211980.52   | 1.18%             | 2047-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency                                                                     | Pennsylvania (Commonwealth of) Higher Education Assistance Agency, Series 2023 A, RB                                                                   | CUSIP: 70878CBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2083718.05   | 1.11%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Brethren Village)                                                                       | Lancaster (County of), PA Hospital Authority (Brethren Village), Series 2017, Ref. RB                                                                  | CUSIP: 514045S46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $746739.07    | 0.40%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Penn State Health)                                                                      | Lancaster (County of), PA Hospital Authority (Penn State Health), Series 2021, RB                                                                      | CUSIP: 514045W58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4215000 | PA      | $4150038.00   | 2.21%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services)                                             | Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services), Series 2019, Ref. RB                                        | CUSIP: 165579GQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $2734598.50   | 1.46%             | 2051-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement)                       | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement), Series 2015, RB                       | CUSIP: 70869PJY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2630285.86   | 1.40%             | 2038-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West Chester University of Pennsylvania) | Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West Chester University of Pennsylvania), Series 2013, RB | CUSIP: 16559PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2141396.49   | 1.14%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                                  | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2023 143-A, RB                                                            | CUSIP: 70879QUJ0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4074461.20   | 2.17%             | 2044-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                           | Coatesville School District, Series 2020 A, GO Bonds                                                                                                   | CUSIP: 190684PU8<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $745122.81    | 0.40%             | 2038-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                                      | Commonwealth Financing Authority, Series 2018, RB                                                                                                      | CUSIP: 20282EAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3152639.23   | 1.68%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Latrobe (City of), PA Industrial Development Authority (Seton Hill University)                                                        | Latrobe (City of), PA Industrial Development Authority (Seton Hill University), Series 2021, Ref. RB                                                   | CUSIP: 518324AV0<br>LEI: 5493008FA05J2R0XCZ14 | Long             | DBT              | MUN               | US        |    265000 | PA      | $195223.62    | 0.10%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware (State of) River Port Authority                                                                                              | Delaware (State of) River Port Authority, Series 2013, RB                                                                                              | CUSIP: 246352GF9<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1512789.42   | 0.81%             | 2025-09-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland (County of), PA Municipal Authority                                                                                        | Cumberland (County of), PA Municipal Authority, Series 2015, Ref. RB                                                                                   | CUSIP: 230614TH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1570693.58   | 0.84%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (La Salle University)                                                 | Philadelphia (City of), PA Authority for Industrial Development (La Salle University), Series 2024, Ref. RB                                            | CUSIP: 71781XGX5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2188062.62   | 1.17%             | 2030-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Public Finance Authority (Garvee)                                                                      | Virgin Islands (Government of) Public Finance Authority (Garvee)                                                                                       | CUSIP: 927676UF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2230000.01   | 1.19%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Hempfield (Township of), PA Industrial Development Authority (Willow Valley Communities)                                         | East Hempfield (Township of), PA Industrial Development Authority (Willow Valley Communities), Series 2016, Ref. RB                                    | CUSIP: 273007CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1422398.38   | 0.76%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2023 B, Ref. RB                                                                                                     | CUSIP: 7178932Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2605201.50   | 1.39%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.)                                  | Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2023, RB                                  | CUSIP: 61360PCX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481393.50    | 0.26%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                                                                                      | Scranton-Lackawanna Health and Welfare Authority, Series 2025 A, Ref. RB                                                                               | CUSIP: 810694N96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $838688.30    | 0.45%             | 2055-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center)                                    | Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2007 A-1, RB                                | CUSIP: 01728AH25<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    985000 | PA      | $985808.19    | 0.53%             | 2037-02-01      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2019 B, GO Bonds                                                                                                    | CUSIP: 717813XM6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048446.70   | 0.56%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Erie (City of), PA Higher Education Building Authority (AICUP Financing Program)                                                      | Erie (City of), PA Higher Education Building Authority (AICUP Financing Program), Series 2021, RB                                                      | CUSIP: 295435CT6<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    480000 | PA      | $432507.36    | 0.23%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts)                                         | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts), Series 2023, RB                                         | CUSIP: 018444CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1679022.63   | 0.90%             | 2042-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lancaster School District                                                                                                             | Lancaster School District, Series 2020, GO Bonds                                                                                                       | CUSIP: 514383WT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1276037.47   | 0.68%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Philadelphia Biosolids Facilities)                           | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Philadelphia Biosolids Facilities), Series 2020, Ref. RB                      | CUSIP: 70870FAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $409443.24    | 0.22%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Muhlenberg College)                                                                 | Lehigh (County of), PA General Purpose Authority (Muhlenberg College), Series 2024, Ref. RB                                                            | CUSIP: 52480RGM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5075000 | PA      | $4908802.89   | 2.62%             | 2049-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2017 B, Ref. RB                                                                                                     | CUSIP: 717817UM0<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   3865000 | PA      | $3775420.90   | 2.01%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams (County of), PA General Authority (Brethren Home Community (The))                                                               | Adams (County of), PA General Authority (Brethren Home Community (The)), Series 2024, Ref. RB                                                          | CUSIP: 006114AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1798665.40   | 0.96%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Germantown Academy)                                                      | Montgomery (County of), PA Industrial Development Authority (Germantown Academy), Series 2021, Ref. RB                                                 | CUSIP: 613609K96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942000.60    | 0.50%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington (County of), PA Redevelopment Authority (Victory Centre)                                                                   | Washington (County of), PA Redevelopment Authority (Victory Centre), Series 2018, Ref. RB                                                              | CUSIP: 938618AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $387846.15    | 0.21%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community)                                                      | Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community), Series 2015, Ref. RB                                                 | CUSIP: 514045J20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3460856.46   | 1.85%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2020 C, Ref. RB                                                                                                     | CUSIP: 717817WN6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1302454.53   | 0.69%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2020 A, RB                                                                                                          | CUSIP: 717893Q53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4953489.50   | 2.64%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System)                                          | Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System), Series 2014 A, Ref. RB                                   | CUSIP: 613603TK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2460364.82   | 1.31%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds)                                             | Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds), Series 2019, RB                                             | CUSIP: 165588EM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3690000 | PA      | $3740489.53   | 2.00%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2020 C, Ref. RB                                                                                                     | CUSIP: 717817WW6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $827235.00    | 0.44%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds)                                             | Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds), Series 2019, RB                                             | CUSIP: 165588EN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1416070.10   | 0.76%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Avon Grove Charter School)                                                  | Chester (County of), PA Industrial Development Authority (Avon Grove Charter School), Series 2017 A, Ref. RB                                           | CUSIP: 165588DQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1059802.80   | 0.57%             | 2047-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries)                                                   | Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries), Series 2022 A, RB                                                 | CUSIP: 57778PAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $391434.21    | 0.21%             | 2045-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority                                                               | Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2023 A-2, RB                                                           | CUSIP: 70870JFN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1391720.58   | 0.74%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Germantown Academy)                                                      | Montgomery (County of), PA Industrial Development Authority (Germantown Academy), Series 2021, Ref. RB                                                 | CUSIP: 613609L38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $520076.25    | 0.28%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                 | Children's Trust Fund, Series 2005 B, RB                                                                                                               | CUSIP: 16876QBK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $859452.44    | 0.46%             | 2055-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Reading School District                                                                                                               | Reading School District, Series 2017, Ref. GO Bonds                                                                                                    | CUSIP: 755638ZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517131.50   | 0.81%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                                                                                      | Scranton-Lackawanna Health and Welfare Authority, Series 2025 A, Ref. RB                                                                               | CUSIP: 810694N88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957788.10    | 0.51%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.)                                  | Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB                             | CUSIP: 61360PCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4285000 | PA      | $4315684.03   | 2.30%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University)                                          | Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2022, Ref. RB                                     | CUSIP: 613603G78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5755000 | PA      | $4539451.92   | 2.42%             | 2056-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority                                                                                           | Allegheny (County of), PA Airport Authority, Series 2021 A, RB                                                                                         | CUSIP: 01728LFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1282967.27   | 0.68%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries)                                                   | Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries), Series 2022 A, RB                                                 | CUSIP: 57778PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $477917.70    | 0.25%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living)                                  | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2021, Ref. RB                             | CUSIP: 70869PNJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $936157.53    | 0.50%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA (Lehigh Valley Health Network)                                                                                 | Lehigh (County of), PA (Lehigh Valley Health Network), Series 2019, Ref. RB                                                                            | CUSIP: 52480GDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7395000 | PA      | $6036417.96   | 3.22%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                           | Coatesville School District, Series 2020 A, GO Bonds                                                                                                   | CUSIP: 190684PQ7<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    150000 | PA      | $101741.73    | 0.05%             | 2034-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp. (Garvee)                                                                         | Virgin Islands Transportation & Infrastructure Corp. (Garvee), Series 2025, Ref. RB                                                                    | CUSIP: 927686AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1261546.28   | 0.67%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.)                                        | Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.), Series 2019, Ref. RB                                   | CUSIP: 663549NV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $822974.08    | 0.44%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA (River Pionte)                                                                                             | Montgomery (County of), PA (River Pionte), Series 2023, RB                                                                                             | CUSIP: 613646AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1666760.24   | 0.89%             | 2043-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School)                                               | Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School), Series 2016 A, Ref. RB                                        | CUSIP: 71781XBX0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1449011.55   | 0.77%             | 2046-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University)                                             | Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University), Series 2022, RB                                             | CUSIP: 71780TBL6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004624.40   | 1.07%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.)                                        | Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.), Series 2019, Ref. RB                                   | CUSIP: 663549NU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $868779.77    | 0.46%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland (County of), PA Municipal Authority (Messiah Village)                                                                      | Cumberland (County of), PA Municipal Authority (Messiah Village), Series 2018, Ref. RB                                                                 | CUSIP: 230614ND7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1578053.20   | 0.84%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West)                                  | Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West), Series 2019, RB                                  | CUSIP: 71781XGA5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $850121.27    | 0.45%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                                      | Commonwealth Financing Authority, Series 2018, RB                                                                                                      | CUSIP: 20282EAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2088680.40   | 1.11%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network)                                          | Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network), Series 2016, Ref. RB                                     | CUSIP: 66353RCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $607250.75    | 0.32%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments)                                        | Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments), Series 2017, RB                                        | CUSIP: 717908AH0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027523.00   | 0.55%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Meadwood Senior Living)                                                  | Montgomery (County of), PA Industrial Development Authority (Meadwood Senior Living), Series 2018 A, Ref. RB                                           | CUSIP: 613609F92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2671924.26   | 1.43%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-1, RB                                                                                | CUSIP: 709224WR6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2379899.25   | 1.27%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia School District (The)                                                                                                    | Philadelphia School District (The), Series 2019 A, GO Bonds                                                                                            | CUSIP: 717883WG3<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1444409.38   | 0.77%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority (Pleasant View Retirement Community)                                                       | West Cornwall Township Municipal Authority (Pleasant View Retirement Community), Series 2018 C, Ref. RB                                                | CUSIP: 95235TAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3670000 | PA      | $3166095.42   | 1.69%             | 2048-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2686848.44   | 1.43%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Parking Authority (The)                                                                                    | Philadelphia (City of), PA Parking Authority (The), Series 1999 A, RB                                                                                  | CUSIP: 717842FX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1347950.80   | 0.72%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Masonic Villages)                                                                       | Lancaster (County of), PA Hospital Authority (Masonic Villages), Series 2023, Ref. RB                                                                  | CUSIP: 514045X81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049459.90   | 0.56%             | 2038-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System)                     | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2019, RB                     | CUSIP: 70917S6W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5810000 | PA      | $5149967.15   | 2.75%             | 2044-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Sanitary Authority                                                                                          | Allegheny (County of), PA Sanitary Authority, Series 2022, RB                                                                                          | CUSIP: 017357N75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1839825.93   | 0.98%             | 2052-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                 | Children's Trust Fund, Series 2005 A, RB                                                                                                               | CUSIP: 16876QBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17475000 | PA      | $3373863.30   | 1.80%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living)                                  | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2021, Ref. RB                             | CUSIP: 70869PNK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $1794617.42   | 0.96%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A, GO Bonds                                                                                                 | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $8403393.60   | 4.48%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue)                             | Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018 A, Ref. RB                      | CUSIP: 01728A4A1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |  13385000 | PA      | $12897280.05  | 6.88%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.)                                  | Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2020 C, RB                                | CUSIP: 61360PCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $172264.02    | 0.09%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2009 E, RB                                                                                  | CUSIP: 709223XW6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    720000 | PA      | $754171.20    | 0.40%             | 2038-12-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The))                                                | Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)), Series 2017 A, Ref. RB                                         | CUSIP: 08452RAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1095240.24   | 0.58%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2021, Ref. RB                                                                                                       | CUSIP: 717817XV7<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930691.90    | 0.50%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                 | Children's Trust Fund, Series 2008 A, RB                                                                                                               | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9170000 | PA      | $449686.71    | 0.24%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Latrobe (City of), PA Industrial Development Authority (Seton Hill University)                                                        | Latrobe (City of), PA Industrial Development Authority (Seton Hill University), Series 2021, Ref. RB                                                   | CUSIP: 518324AU2<br>LEI: 5493008FA05J2R0XCZ14 | Long             | DBT              | MUN               | US        |    750000 | PA      | $574730.40    | 0.31%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Villanova University)                                        | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Villanova University), Series 2024, RB                                        | CUSIP: 70869PQC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2973145.00   | 1.59%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living)                                  | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2023, RB                                  | CUSIP: 70869PPB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $680527.69    | 0.36%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia)                                 | Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia), Series 2024, RB                                 | CUSIP: 717901BZ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3101271.30   | 1.65%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.)                                        | Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.), Series 2019, Ref. RB                                   | CUSIP: 663549NT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $469673.00    | 0.25%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Sanitary Authority                                                                                          | Allegheny (County of), PA Sanitary Authority, Series 2018, RB                                                                                          | CUSIP: 017357E83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1837372.32   | 0.98%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Social Bonds)                                                        | Philadelphia (City of), PA Authority for Industrial Development (Social Bonds), Series 2024, Ref. RB                                                   | CUSIP: 71780CBY5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    615000 | PA      | $597699.25    | 0.32%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2022 B, Ref. RB                                                                             | CUSIP: 709225GL4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042357.20   | 1.09%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (La Salle University)                                          | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (La Salle University), Series 2012, RB                                          | CUSIP: 70917R7G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $1792545.45   | 0.96%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II)                                    | Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II), Series 2020, RB                                    | CUSIP: 71780CAH3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    280000 | PA      | $291029.96    | 0.16%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Invesco Pennsylvania Value Municipal Income Trust

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer