# EDGAR Filing Document

**Accession Number:** 0000895528
**File Stem:** 0001752724-23-017892
**Filing Date:** 2023-1
**Character Count:** 169460
**Document Hash:** 4eb1fb452ecb6c7bcda067a88911845c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-017892.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001752724-23-017892

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Pennsylvania Value Municipal Income Trust
- **CENTRAL INDEX KEY:** 0000895528
- **IRS NUMBER:** 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:** 23566854

**BUSINESS ADDRESS:**
- **STREET 1:** 1555 PEACHTREE STREET, N.E.
- **STREET 2:** SUITE 1800
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 404-439-3217

**MAIL ADDRESS:**
- **STREET 1:** 1555 PEACHTREE STREET, N.E.
- **STREET 2:** SUITE 1800
- **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

## Nport-Ex

**Schedule of Investments** 

*November 30, 2022* 

*(Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)** | **Value** |
|  **Municipal Obligations–166.48%<sup>(a)</sup>**  |  |  |  |  |
|  **Pennsylvania–156.18%** |  |  |  |  |
|  Allegheny (County of), PA; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016 C-76, GO Bonds | 5.00% | 11/01/2041 | $10410 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11014699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 C-78, GO Bonds | 4.00% | 11/01/2049 | 2000 | 1889486 |
|  Allegheny (County of), PA Airport Authority; Series 2021 A, RB<sup>(b)</sup>  | 4.00% | 01/01/2056 | 3000 | 2592684 |
|  Allegheny (County of), PA Higher Education Building Authority (Duquesne University); Series 2013 A, RB<sup>(c)(d)</sup>  | 5.00% | 03/01/2023 | 1600 | 1609676 |
|  Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)(f)</sup>  | 5.00% | 04/01/2047 | 7885 | 7984404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 04/01/2047 | 1000 | 1012607 |
|  Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007 A-1, RB (67% of 3 mo. USD LIBOR + 0.82%)<sup>(g)</sup>  | 3.80% | 02/01/2037 | 1670 | 1639545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB | 4.00% | 07/15/2038 | 3915 | 3808176 |
|  Allegheny (County of), PA Sanitary Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(f)</sup>  | 5.00% | 12/01/2045 | 7880 | 8212778 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018, RB | 4.00% | 06/01/2048 | 2100 | 1988670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022, RB | 5.75% | 06/01/2052 | 1750 | 1987721 |
|  Allentown (City of), PA Neighborhood Improvement Zone Development Authority; Series 2022, Ref. RB | 5.00% | 05/01/2042 | 1000 | 980572 |
|  Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center); Series 2018, RB<sup>(h)</sup>  | 5.00% | 05/01/2042 | 500 | 454001 |
|  Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 05/15/2042 | 500 | 472691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 05/15/2047 | 600 | 560674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 C, RB | 5.00% | 05/15/2047 | 1175 | 1113105 |
|  Berks (County of), PA Municipal Authority (Reading Hospital Medical Center); Series 2012 A, RB | 5.00% | 11/01/2044 | 3500 | 2448849 |
|  Bucks (County of), PA Industrial Development Authority (Pennswood Village); Series 2018, Ref. RB | 5.00% | 10/01/2037 | 980 | 981182 |
|  Centre (County of), PA Hospital Authority (Mt. Nittany Medical Center); Series 2016 A, Ref. RB<sup>(c)(d)</sup>  | 5.00% | 11/15/2025 | 900 | 960701 |
|  Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services); Series 2019, Ref. RB | 5.00% | 12/01/2051 | 3625 | 3051340 |
|  Chester (County of), PA Industrial Development Authority (Avon Grove Charter School); Series 2017 A, Ref. RB | 5.00% | 12/15/2047 | 1160 | 1161087 |
|  Chester (County of), PA Industrial Development Authority (Collegium Charter School); Series 2017 A, RB | 5.25% | 10/15/2047 | 2555 | 2283161 |
|  Chester (County of), PA Industrial Development Authority (Longwood Gardens); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 12/01/2044 | 2250 | 2435119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019, RB | 4.00% | 12/01/2049 | 1650 | 1531848 |
|  Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West Chester University of Pennsylvania); Series 2013, RB | 5.00% | 08/01/2045 | 2425 | 2245097 |
|  Clairton (City of), PA Municipal Authority; Series 2012 B, RB | 5.00% | 12/01/2037 | 2000 | 2001254 |
|  Coatesville School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds (INS - BAM)<sup>(i)(j)</sup>  | 0.00% | 10/01/2034 | 150 | 88244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds (INS - BAM)<sup>(i)(j)</sup>  | 0.00% | 10/01/2038 | 1450 | 676026 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 B, Ref. GO Bonds (INS - BAM)<sup>(i)(j)</sup>  | 0.00% | 10/01/2033 | 275 | 170838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 B, Ref. GO Bonds (INS - BAM)<sup>(i)(j)</sup>  | 0.00% | 10/01/2034 | 550 | 323561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 C, Ref. GO Bonds (INS - BAM)<sup>(i)(j)</sup>  | 0.00% | 10/01/2033 | 360 | 223642 |
|  Commonwealth Financing Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)(f)</sup>  | 5.00% | 06/01/2031 | 3500 | 3820127 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)(f)</sup>  | 5.00% | 06/01/2032 | 2000 | 2176437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)(f)</sup>  | 5.00% | 06/01/2033 | 2000 | 2169672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)(f)</sup>  | 5.00% | 06/01/2035 | 3045 | 3268365 |
|  Cumberland (County of), PA Municipal Authority (Diakon Lutheran); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015, Ref. RB<sup>(c)(d)</sup>  | 5.00% | 01/01/2025 | 1920 | 2009095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 01/01/2038 | 2345 | 2364245 |
|  Cumberland (County of), PA Municipal Authority (Penn State Health); Series 2019, RB | 4.00% | 11/01/2044 | 2000 | 1864651 |
|  Dauphin (County of), PA General Authority (Pinnacle Health System); Series 2016 A, Ref. RB | 5.00% | 06/01/2035 | 1145 | 1182755 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Pennsylvania Value Municipal Income Trust**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)** | **Value** |
|  **Pennsylvania–(continued)** |  |  |  |  |
|  Delaware (County of), PA Authority (Villanova University); Series 2015, RB | 5.00% | 08/01/2045 | $785 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813752 |
|  Delaware River Port Authority; Series 2013, RB<sup>(c)(d)</sup>  | 5.00% | 01/01/2024 | 1000 | 1025489 |
|  Delaware River Port Authority (Port District); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012, Ref. RB<sup>(c)</sup>  | 5.00% | 01/01/2023 | 1290 | 1292557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012, Ref. RB<sup>(c)</sup>  | 5.00% | 01/01/2023 | 2175 | 2179311 |
|  Delaware Valley Regional Finance Authority; Series 2002, RB | 5.75% | 07/01/2032 | 3500 | 4215744 |
|  Doylestown (City of), PA Hospital Authority; Series 2019 A, RB | 4.00% | 07/01/2045 | 500 | 362638 |
|  DuBois (City of), PA Hospital Authority (Penn Highlands Healthcare); Series 2018, Ref. RB | 5.00% | 07/15/2048 | 2350 | 2397048 |
|  East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student Housing at Millersville University of Pennsylvania); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(c)(d)</sup>  | 5.00% | 07/01/2023 | 750 | 758928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(c)(d)</sup>  | 5.00% | 07/01/2023 | 3770 | 3814876 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014, RB<sup>(c)(d)</sup>  | 5.00% | 07/01/2024 | 750 | 775776 |
|  East Hempfield (Township of), PA Industrial Development Authority (Willow Valley Communities); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 12/01/2030 | 790 | 824094 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 12/01/2039 | 2780 | 2860759 |
|  Erie (City of), PA Higher Education Building Authority (AICUP Financing Program); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 05/01/2036 | 100 | 91603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 05/01/2041 | 400 | 345145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021, RB | 5.00% | 05/01/2047 | 150 | 146109 |
|  Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 12/01/2053 | 3380 | 2714948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 12/01/2049 | 510 | 417120 |
|  Franklin Regional School District; Series 2019, GO Bonds | 4.00% | 05/01/2046 | 2000 | 1934116 |
|  Fulton (County of), PA Industrial Development Authority (The Fulton County Medical Center); Series 2016, Ref. RB | 5.00% | 07/01/2040 | 4375 | 4381884 |
|  Geisinger Authority (Geisinger Health System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 A-1, Ref. RB | 5.00% | 02/15/2045 | 6060 | 6151354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 A-1, Ref. RB | 4.00% | 02/15/2047 | 2000 | 1840284 |
|  Lancaster (City of), PA Industrial Development Authority (Landis Homes Retirement Community); Series 2021, Ref. RB | 4.00% | 07/01/2056 | 1000 | 744515 |
|  Lancaster (City of), PA Industrial Development Authority (Willow Valley Communities); Series 2019, RB | 5.00% | 12/01/2049 | 1545 | 1612393 |
|  Lancaster (County of), PA Hospital Authority (Brethren Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.13% | 07/01/2037 | 700 | 655857 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.25% | 07/01/2041 | 1500 | 1400385 |
|  Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community); Series 2015, Ref. RB | 5.00% | 07/01/2045 | 3800 | 3565170 |
|  Lancaster (County of), PA Hospital Authority (Masonic Villages); Series 2015, Ref. RB | 5.00% | 11/01/2035 | 790 | 802869 |
|  Lancaster (County of), PA Hospital Authority (Penn State Health); Series 2021, RB | 5.00% | 11/01/2046 | 3250 | 3324583 |
|  Lancaster (County of), PA Solid Waste Management Authority; Series 2013 A, RB<sup>(c)(d)</sup>  | 5.25% | 12/15/2023 | 1000 | 1027040 |
|  Lancaster School District; Series 2020, GO Bonds (INS - AGM)<sup>(i)</sup>  | 4.00% | 06/01/2036 | 1275 | 1297395 |
|  Latrobe (City of), PA Industrial Development Authority (Seton Hill University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 03/01/2046 | 265 | 215946 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 03/01/2051 | 265 | 208334 |
|  Lehigh (County of), PA (Lehigh Valley Health Network); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB | 5.00% | 07/01/2044 | 3000 | 3045245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 07/01/2049 | 3500 | 3153044 |
|  Lehigh (County of), PA General Purpose Authority (Lehigh Valley Academy); Series 2022, RB | 4.00% | 06/01/2052 | 2000 | 1713658 |
|  Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022 A, RB | 5.00% | 01/01/2042 | 500 | 491531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022 A, RB | 4.50% | 01/01/2045 | 450 | 397049 |
|  Mechanicsburg Area School District; Series 2020 AA, GO Bonds | 4.00% | 05/15/2050 | 2000 | 1879880 |
|  Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System); Series 2014, Ref. RB | 5.00% | 10/01/2027 | 1460 | 1469525 |
|  Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, Inc.); Series 2017, Ref. RB | 5.00% | 12/01/2047 | 4915 | 4725187 |
|  Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 09/01/2049 | 2500 | 2208872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022 B, Ref. RB | 4.00% | 05/01/2052 | 2000 | 1742101 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Pennsylvania Value Municipal Income Trust**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)** | **Value** |
|  **Pennsylvania–(continued)** |  |  |  |  |
|  Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 11/15/2036 | $4285 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4289450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 C, RB | 4.00% | 11/15/2043 | 200 | 167557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 C, RB | 5.00% | 11/15/2045 | 380 | 366911 |
|  Montgomery (County of), PA Industrial Development Authority (Albert Einstein Healthcare); Series 2015, Ref. RB<sup>(c)(d)</sup>  | 5.25% | 01/15/2025 | 3150 | 3304943 |
|  Montgomery (County of), PA Industrial Development Authority (Germantown Academy); Series 2021, Ref. RB | 4.00% | 10/01/2036 | 1000 | 912073 |
|  Montgomery (County of), PA Industrial Development Authority (Haverford School); Series 2019, Ref. RB | 4.00% | 03/01/2049 | 1750 | 1566400 |
|  Montgomery (County of), PA Industrial Development Authority (Meadwood Senior Living); Series 2018 A, Ref. RB | 5.00% | 12/01/2048 | 1270 | 1244653 |
|  Montgomery (County of), PA Industrial Development Authority (Waverly Heights Ltd.); Series 2019, Ref. RB | 5.00% | 12/01/2044 | 1000 | 1024973 |
|  Northampton (County of), PA General Purpose Authority (LaFayette College); Series 2017, Ref. RB | 5.00% | 11/01/2047 | 3865 | 4015072 |
|  Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 08/15/2036 | 1170 | 1206800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 4.00% | 08/15/2048 | 2355 | 2177926 |
|  Northampton (County of), PA General Purpose Authority (St. Luke's University Health); Series 2016, Ref. RB | 5.00% | 08/15/2046 | 625 | 628351 |
|  Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2039 | 500 | 459758 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2044 | 950 | 845561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2049 | 1050 | 910593 |
|  Northeastern Pennsylvania (Commonwealth of) Hospital & Education Authority (Kings College); Series 2019, RB | 5.00% | 05/01/2049 | 3200 | 3139870 |
|  Pennsylvania (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Series 2013, GO Bonds<sup>(c)</sup>  | 5.00% | 04/01/2023 | 15000 | 15125844 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Series 2020, GO Bonds | 2.13% | 05/01/2040 | 2500 | 1781187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018 A, Ref. COP | 4.00% | 07/01/2046 | 1960 | 1877516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022, GO Bonds | 5.00% | 10/01/2042 | 1000 | 1116823 |
|  Pennsylvania (Commonwealth of) (Municipal Real Estate Funding, LLC); Series 2018 A, Ref. COP | 5.00% | 07/01/2043 | 2160 | 2276926 |
|  Pennsylvania (Commonwealth of) Economic Development Financing Authority (Capital Region Parking System); Series 2013, RB | 6.00% | 07/01/2053 | 3280 | 3360102 |
|  Pennsylvania (Commonwealth of) Economic Development Financing Authority (Covanta Holding Corp.) (Green Bonds); Series 2019 A, RB<sup>(b)(h)</sup>  | 3.25% | 08/01/2039 | 2600 | 1973993 |
|  Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.); Series 2014, Ref. RB<sup>(b)</sup>  | 5.50% | 11/01/2044 | 2365 | 2349987 |
|  Pennsylvania (Commonwealth of) Economic Development Financing Authority (PA Bridges Finco L.P.); Series 2015, RB<sup>(b)</sup>  | 5.00% | 12/31/2034 | 2760 | 2798624 |
|  Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(b)</sup>  | 5.00% | 12/31/2038 | 1640 | 1647375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(b)</sup>  | 5.00% | 06/30/2042 | 1750 | 1754516 |
|  Pennsylvania (Commonwealth of) Economic Development Financing Authority (Philadelphia Biosolids Facilities); Series 2020, Ref. RB | 4.00% | 01/01/2032 | 400 | 396708 |
|  Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 07/01/2041 | 350 | 302594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 07/01/2046 | 1000 | 827300 |
|  Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 10/15/2051 | 1500 | 1337365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022 A, Ref. RB | 4.00% | 02/15/2052 | 500 | 444291 |
|  Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Drexel University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 05/01/2035 | 3590 | 3715594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB (INS - AGM)<sup>(i)</sup>  | 4.00% | 05/01/2041 | 3000 | 2902373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB (INS - AGM)<sup>(i)</sup>  | 4.00% | 05/01/2050 | 1750 | 1585421 |
|  Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (La Salle University); Series 2012, RB | 5.00% | 05/01/2042 | 3320 | 2765356 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Pennsylvania Value Municipal Income Trust**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)** | **Value** |
|  **Pennsylvania–(continued)** |  |  |  |  |
|  Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University); Series 2015, Ref. RB | 5.25% | 09/01/2050 | $3155 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3193728 |
|  Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Trustees University of Pennsylvania); Series 2017, RB<sup>(f)</sup>  | 5.00% | 08/15/2046 | 7800 | 8197756 |
|  Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 08/15/2042 | 3925 | 4083112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019, RB | 4.00% | 08/15/2044 | 5810 | 5694046 |
|  Pennsylvania (Commonwealth of) Housing Finance Agency; Series 2019-131 A, RB | 3.10% | 10/01/2044 | 2500 | 2004572 |
|  Pennsylvania (Commonwealth of) Public School Building Authority (Harrisburg School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(c)(d)</sup>  | 5.00% | 12/01/2026 | 510 | 553278 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB (INS - AGM)<sup>(i)</sup>  | 5.00% | 12/01/2030 | 3235 | 3400496 |
|  Pennsylvania (Commonwealth of) Turnpike Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Second Series 2017, Ref. RB | 5.00% | 12/01/2038 | 2710 | 2887168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Second Series 2017, Ref. RB | 5.00% | 12/01/2041 | 700 | 732630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2009 C, RB (INS - AGM)<sup>(i)</sup>  | 6.25% | 06/01/2033 | 5840 | 6508873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2009 E, RB | 6.38% | 12/01/2038 | 720 | 818732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2009 E, RB (INS - AGM)<sup>(i)</sup>  | 6.38% | 12/01/2038 | 1280 | 1468197 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014 A-3, RB<sup>(j)</sup>  | 0.00% | 12/01/2041 | 3000 | 1256822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014, Ref. RB | 5.00% | 12/01/2034 | 1500 | 1557311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(e)(f)</sup>  | 5.50% | 12/01/2042 | 10000 | 10451630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 B-1, RB | 5.25% | 06/01/2047 | 5370 | 5552575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018 A-2, RB | 5.00% | 12/01/2043 | 1965 | 2060008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 12/01/2044 | 1000 | 1061768 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 A, RB (INS - AGM)<sup>(i)</sup>  | 4.00% | 12/01/2049 | 1305 | 1252822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 12/01/2049 | 5000 | 5206379 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 12/01/2050 | 4500 | 3985580 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022 B, Ref. RB | 5.25% | 12/01/2052 | 2000 | 2148786 |
|  Pennsylvania Higher Education Assistance Agency; Series 2021 A, RB<sup>(b)</sup>  | 2.63% | 06/01/2042 | 1060 | 879522 |
|  Pennsylvania State University (The); Series 2016 A, RB | 5.00% | 09/01/2041 | 3245 | 3447633 |
|  Philadelphia (City of), PA; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014 A, Ref. GO Bonds<sup>(c)(d)</sup>  | 5.25% | 01/15/2024 | 1000 | 1029687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(e)(f)</sup>  | 5.25% | 10/01/2052 | 7405 | 7752683 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 A, Ref. GO Bonds | 5.00% | 08/01/2036 | 2550 | 2697144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB<sup>(b)</sup>  | 5.00% | 07/01/2047 | 3000 | 3031873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017, Ref. GO Bonds | 5.00% | 08/01/2041 | 3250 | 3426086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 A, Ref. GO Bonds | 5.00% | 08/01/2031 | 100 | 111907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 B, GO Bonds | 5.00% | 02/01/2037 | 1000 | 1066210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 A, RB (INS - AGM)<sup>(i)</sup>  | 5.00% | 08/01/2050 | 2500 | 2647451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 A, RB | 5.00% | 11/01/2050 | 4750 | 4998636 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 C, Ref. RB<sup>(b)</sup>  | 4.00% | 07/01/2034 | 1300 | 1278790 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 C, Ref. RB<sup>(b)</sup>  | 4.00% | 07/01/2050 | 2000 | 1772148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds | 5.00% | 05/01/2034 | 1000 | 1109971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021, Ref. RB (INS - AGM)<sup>(b)(i)</sup>  | 4.00% | 07/01/2037 | 1000 | 964289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sixteenth Series 2020 A, RB (INS - AGM)<sup>(i)</sup>  | 4.00% | 08/01/2045 | 2000 | 1924497 |
|  Philadelphia (City of), PA Authority for Industrial Development (Architecture & Design Charter High School); Series 2013, RB<sup>(c)(d)</sup>  | 6.13% | 03/15/2023 | 1915 | 1934392 |
|  Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia); Series 2014 A, RB<sup>(c)(d)(f)</sup>  | 5.00% | 07/01/2024 | 6000 | 6210928 |
|  Philadelphia (City of), PA Authority for Industrial Development (Cultural and Commercials Corridors); Series 2016, Ref. RB | 5.00% | 12/01/2031 | 3160 | 3305361 |
|  Philadelphia (City of), PA Authority for Industrial Development (First Philadelphia Preparatory Charter School); Series 2014 A, RB | 7.00% | 06/15/2033 | 3125 | 3266593 |
|  Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West); Series 2019, RB | 5.00% | 06/15/2050 | 1025 | 914169 |
|  Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School); Series 2016 B, RB | 5.00% | 04/01/2046 | 2360 | 2134006 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Pennsylvania Value Municipal Income Trust**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)** | **Value** |
|  **Pennsylvania–(continued)** |  |  |  |  |
|  Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020, RB | 5.00% | 08/01/2030 | $395 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020, RB | 5.00% | 08/01/2040 | 620 | 625054 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020, RB | 5.00% | 08/01/2050 | 1400 | 1390623 |
|  Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School); Series 2016 A, Ref. RB | 5.25% | 08/01/2046 | 1500 | 1522937 |
|  Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University); Series 2022, RB | 5.25% | 11/01/2052 | 2000 | 2058243 |
|  Philadelphia (City of), PA Authority for Industrial Development (Temple University); First Series 2015, Ref. RB | 5.00% | 04/01/2045 | 1970 | 2009497 |
|  Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University); Series 2017 A, Ref. RB | 5.00% | 09/01/2047 | 980 | 985573 |
|  Philadelphia (City of), PA Authority for Industrial Development (University of the Arts); Series 2017, Ref. RB<sup>(h)</sup>  | 5.00% | 03/15/2045 | 1960 | 1771893 |
|  Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments); Series 2017, RB | 5.00% | 12/01/2058 | 2000 | 2005344 |
|  Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2042 | 1525 | 1306433 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2049 | 3500 | 2891005 |
|  Philadelphia (City of), PA Authorityfor Industrial Development (New Foundations Charter School); Series 2012, RB<sup>(c)(d)</sup>  | 6.63% | 12/15/2022 | 1250 | 1251834 |
|  Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (Temple University Health System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2032 | 1980 | 2045431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2034 | 1000 | 1024241 |
|  Philadelphia (City of), PA Parking Authority; Series 1999 A, RB (INS - AMBAC)<sup>(i)</sup>  | 5.25% | 02/15/2029 | 1645 | 1648805 |
|  Philadelphia School District (The); |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007 A, Ref. GO Bonds (INS - NATL)<sup>(i)</sup>  | 5.00% | 06/01/2025 | 1965 | 2054007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 A, GO Bonds | 5.00% | 09/01/2027 | 1500 | 1614552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 A, GO Bonds | 5.00% | 09/01/2044 | 1000 | 1058568 |
|  Pittsburgh (City of), PA Water & Sewer Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB | 5.00% | 09/01/2031 | 1250 | 1267599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 A, RB (INS - AGM)<sup>(i)</sup>  | 5.00% | 09/01/2044 | 2255 | 2392548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019 B, Ref. RB (INS - AGM)<sup>(i)</sup>  | 4.00% | 09/01/2034 | 1600 | 1660199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 B, RB (INS - AGM)<sup>(i)</sup>  | 4.00% | 09/01/2045 | 1350 | 1288970 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 B, RB (INS - AGM)<sup>(i)</sup>  | 4.00% | 09/01/2050 | 3540 | 3307630 |
|  Southcentral Pennsylvania General Authority (WellSpan Health Obligated Group); Series 2019 A, Ref. RB | 5.00% | 06/01/2049 | 2750 | 2853317 |
|  Southeastern Pennsylvania Transportation Authority; Series 2022, RB | 5.25% | 06/01/2052 | 2000 | 2180168 |
|  Susquehanna Area Regional Airport Authority; Series 2012 A, RB<sup>(b)</sup>  | 5.00% | 01/01/2027 | 4415 | 4423389 |
|  Swarthmore (Borough of), PA Authority (Swarthmore College); Series 2021 B, Ref. RB | 4.00% | 09/15/2041 | 1690 | 1699564 |
|  Tender Option Bond Trust Receipts/Certificates; Series 2022, VRD RB<sup>(h)(k)</sup>  | 1.90% | 06/01/2053 | 3330 | 3330000 |
|  Washington (County of), PA Redevelopment Authority; Series 2018, Ref. RB | 5.00% | 07/01/2035 | 1000 | 970877 |
|  Washington (County of), PA Redevelopment Authority (Victory Centre); Series 2018, Ref. RB | 5.00% | 07/01/2028 | 750 | 746724 |
|  West Cornwall Township Municipal Authority (Pleasant View Retirement Community); Series 2018 C, Ref. RB | 5.00% | 12/15/2048 | 3670 | 3342029 |
|  West Shore Area Authority (Messiah Village); Series 2015 A, Ref. RB | 5.00% | 07/01/2035 | 1500 | 1484761 |
|  Westmoreland (County of), PA Municipal Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(c)(d)</sup>  | 5.00% | 08/15/2023 | 2000 | 2036168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(c)(d)</sup>  | 5.00% | 08/15/2023 | 2250 | 2290689 |
|  |  |  |  | 431310590 |
|  **Puerto Rico–7.20%** |  |  |  |  |
|  Children's Trust Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 | 1265 | 1265340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2005 A, RB<sup>(j)</sup>  | 0.00% | 05/15/2050 | 17475 | 3028470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2005 B, RB<sup>(j)</sup>  | 0.00% | 05/15/2055 | 7700 | 763321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(j)</sup>  | 0.00% | 05/15/2057 | 7170 | 475423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2008 B, RB<sup>(j)</sup>  | 0.00% | 05/15/2057 | 28400 | 1478314 |
|  Puerto Rico (Commonwealth of); Series 2021 A, GO Bonds<sup>(j)</sup>  | 0.00% | 07/01/2033 | 12000 | 6587053 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Pennsylvania Value Municipal Income Trust**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)** | **Value** |
|  **Puerto Rico–(continued)** |  |  |  |  |
|  Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority; Series 2022 A, Ref. RB<sup>(h)</sup>  | 5.00% | 07/01/2033 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $1004323 |
|  Puerto Rico (Commonwealth of) Electric Power Authority; Series 2007 VV, Ref. RB (Acquired 07/19/2018-04/24/2020; Cost $2,705,664) (INS - NATL)<sup>(i)(l)</sup>  | 5.25% | 07/01/2030 | 2660 | 2669431 |
|  Puerto Rico (Commonwealth of) Highway & Transportation Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007 N, Ref. RB (INS - AGC)<sup>(i)</sup>  | 5.25% | 07/01/2034 | 450 | 446686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007, Ref. RB (INS - AGM)<sup>(i)</sup>  | 5.25% | 07/01/2036 | 2200 | 2181782 |
|  |  |  |  | 19900143 |
|  **Guam–1.97%** |  |  |  |  |
|  Guam (Territory of) (Section 30); Series 2016 A, Ref. RB | 5.00% | 12/01/2046 | 1250 | 1241716 |
|  Guam (Territory of) International Airport Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013 C, RB<sup>(b)(c)(d)</sup>  | 6.00% | 10/01/2023 | 1110 | 1136220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013 C, RB<sup>(b)(c)(d)</sup>  | 6.25% | 10/01/2023 | 595 | 610264 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013 C, RB<sup>(b)(c)</sup>  | 6.00% | 10/01/2034 | 440 | 450394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013 C, RB<sup>(b)(c)</sup>  | 6.25% | 10/01/2034 | 905 | 928217 |
|  Guam (Territory of) Waterworks Authority; Series 2014 A, Ref. RB | 5.00% | 07/01/2029 | 1055 | 1069578 |
|  |  |  |  | 5436389 |
|  **Virgin Islands–1.13%** |  |  |  |  |
|  Virgin Islands (Government of) Port Authority; Series 2014 B, Ref. RB | 5.00% | 09/01/2044 | 970 | 856903 |
|  Virgin Islands (Government of) Public Finance Authority (Garvee); Series 2015, RB<sup>(h)</sup>  | 5.00% | 09/01/2030 | 2230 | 2269961 |
|  |  |  |  | 3126864 |
|  TOTAL INVESTMENTS IN SECURITIES<sup>(m)</sup> –166.48% (Cost $481,170,191) |  |  |  | 459773986 |
|  FLOATING RATE NOTE OBLIGATIONS–(13.90)% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 2.45% to 2.46% at 11/30/2022 and contractual maturities of collateral ranging from 06/01/2031 to 10/01/2052<sup>(n)</sup>  |  |  |  | (38375000) |
|  VARIABLE RATE MUNI TERM PREFERRED SHARES–(49.81)% |  |  |  | (137565232) |
|  OTHER ASSETS LESS LIABILITIES–(2.77)% |  |  |  | (7667309) |
|  NET ASSETS APPLICABLE TO COMMON SHARES–100.00% |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;276166445 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| AGC | – Assured Guaranty Corp. |
| AGM | – Assured Guaranty Municipal Corp. |
| AMBAC | – American Municipal Bond Assurance Corp. |
| BAM | – Build America Mutual Assurance Co. |
| COP | – Certificates of Participation |
| GO | – General Obligation |
| INS | – Insurer |
| LIBOR | – London Interbank Offered Rate |
| NATL | – National Public Finance Guarantee Corp. |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| USD | – U.S. Dollar |
| VRD | – Variable Rate Demand |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Pennsylvania Value Municipal Income Trust**

------

Notes to Schedule of Investments:

<sup>(a)</sup> Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust's use of leverage. 

<sup>(b)</sup> Security subject to the alternative minimum tax.

<sup>(c)</sup> Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral.

<sup>(d)</sup> Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put.

<sup>(e)</sup> Security is subject to a reimbursement agreement which may require the Trust to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the TOB Trusts. In case of a shortfall, the maximum potential amount of payments the Trust could ultimately be required to make under the agreement is $23,895,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

<sup>(f)</sup> Underlying security related to TOB Trusts entered into by the Trust.

<sup>(g)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2022.

<sup>(h)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2022 was $10,804,171, which represented 3.91% of the Trust's Net Assets. 

<sup>(i)</sup> Principal and/or interest payments are secured by the bond insurance company listed.

<sup>(j)</sup> Zero coupon bond issued at a discount.

<sup>(k)</sup> Demand security payable upon demand by the Trust at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on November 30, 2022.

<sup>(l)</sup> Restricted security. The aggregate value of these securities at November 30, 2022 was $2,669,431, which represented less than 1% of the Trust's Net Assets. 

<sup>(m)</sup> This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuer's obligations but may be called upon to satisfy the issuer's obligations. 

---

| | |
|:---|:---|
| **Entity** | **Percent** |
|  Assured Guaranty Municipal Corp. | 7.57% |

---

<sup>(n)</sup> Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2022. At November 30, 2022, the Trust's investments with a value of $60,244,780 are held by TOB Trusts and serve as collateral for the $38,375,000 in the floating rate note obligations outstanding at that date. 

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

**Invesco Pennsylvania Value Municipal Income Trust**

------

**Notes to Quarterly Schedule of Portfolio Holdings** 

*November 30, 2022* 

*(Unaudited)* 

**NOTE 1–Additional Valuation Information** 

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

---

| | |
|:---|:---|
| Level 1 - | Prices are determined using quoted prices in an active market for identical assets. |
| Level 2 - | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. |
| Level 3 - | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of November 30, 2022, all of the securities in this Trust were valued based on Level 2 inputs (see the Schedule of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

**Invesco Pennsylvania Value Municipal Income Trust**

## 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:** 1555 Peachtree St.

  - **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:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**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:** $454809203.35

**Total Liabilities:** $178642758.28

**Net Assets:** $276166445.07

**Delayed Delivery Securities:** $2096720.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1086.61302958 | **1-Year:** -12780.64553037 | **5-Year:** -52323.48475770 | **10-Year:** -106435.41528351 | **30-Year:** -53676.25383654

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

- **3-Month:** -301.85925219 | **1-Year:** -3442.75002520 | **5-Year:** -10619.25112919 | **10-Year:** -20869.10429727 | **30-Year:** -7729.09223932

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -6.56%               | -2.44%               | 8.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-816903.52              | $-16528936.23                              |
| Month 2  | $-1020014.94             | $-6407398.38                               |
| Month 3  | $-1854165.59             | $22032249.09                               |

**Designated Index Information**

- **Index Name:** S&P Muni Bond Pennsylvania 5+ Yr Investment Grade Index

- **Index Identifier:** 100% BM-Securities only

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Delaware (County of), PA Authority (Villanova University)                                                                                             | Delaware (County of), PA Authority (Villanova University), Series 2015, RB                                                                             | CUSIP: 245913LV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $813751.57    | 0.29%             | 2045-08-01      | 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: 61360PCM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $366910.71    | 0.13%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) Waterworks Authority                                                                                                              | Guam (Territory of) Waterworks Authority, Series 2014 A, Ref. RB                                                                                       | CUSIP: 40065FBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1069577.67   | 0.39%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Drexel University)                                                            | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Drexel University), Series 2020 A, Ref. RB                                     | CUSIP: 70917TAT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1585420.55   | 0.57%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh (City of), PA Water & Sewer Authority                                                                                                      | Pittsburgh (City of), PA Water & Sewer Authority, Series 2020 B, RB                                                                                    | CUSIP: 725304WE5<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1288969.74   | 0.47%             | 2045-09-01      | Fixed         | 4.00%                 | 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: 74526QPN6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2669431.03   | 0.97%             | 2030-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Washington (County of), PA Redevelopment Authority                                                                                                    | Washington (County of), PA Redevelopment Authority, Series 2018, Ref. RB                                                                               | CUSIP: 938618AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970877.20    | 0.35%             | 2035-07-01      | 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: 717908AH0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005344.00   | 0.73%             | 2058-12-01      | 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      | $1754515.88   | 0.64%             | 2042-06-30      | Fixed         | 5.00%                 | 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      | $1241715.75   | 0.45%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia School District (The)                                                                                                                    | Philadelphia School District (The), Series 2007 A, Ref. GO Bonds                                                                                       | CUSIP: 717883ER9<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1965000 | PA      | $2054007.43   | 0.74%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Masonic Villages)                                                                                       | Lancaster (County of), PA Hospital Authority (Masonic Villages), Series 2015, Ref. RB                                                                  | CUSIP: 514045F40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $802869.50    | 0.29%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Public School Building Authority (Harrisburg School)                                                                   | Pennsylvania (Commonwealth of) Public School Building Authority (Harrisburg School), Series 2016 A, Ref. RB                                            | CUSIP: 85732TKT8<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   3235000 | PA      | $3400495.81   | 1.23%             | 2030-12-01      | Fixed         | 5.00%                 | 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        |   8885000 | PA      | $8997010.53   | 3.26%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority (Port District)                                                                                                         | Delaware River Port Authority (Port District), Series 2012, Ref. RB                                                                                    | CUSIP: 246348FP6<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1292557.17   | 0.47%             | 2027-01-01      | Fixed         | 5.00%                 | 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        |   3250000 | PA      | $3324582.63   | 1.20%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fulton (County of), PA Industrial Development Authority (The Fulton County Medical Center)                                                            | Fulton (County of), PA Industrial Development Authority (The Fulton County Medical Center), Series 2016, Ref. RB                                       | CUSIP: 36024LAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4375000 | PA      | $4381883.63   | 1.59%             | 2040-07-01      | 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 2017 A, RB                        | CUSIP: 70917SD59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $8197755.54   | 2.97%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA                                                                                                                             | Allegheny (County of), PA, Series 2016 C-76, GO Bonds                                                                                                  | CUSIP: 01728VTH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10410000 | PA      | $11014699.20  | 3.99%             | 2041-11-01      | 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: 368497HP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6060000 | PA      | $6151353.89   | 2.23%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                                            | Philadelphia (City of), PA, Series 2017, Ref. GO Bonds                                                                                                 | CUSIP: 717813TL3<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3426085.98   | 1.24%             | 2041-08-01      | 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      | $208333.80    | 0.08%             | 2051-03-01      | 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 A, Ref. RB                                                                          | CUSIP: 52480GDU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3045244.80   | 1.10%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                                            | Philadelphia (City of), PA, Series 2021, Ref. RB                                                                                                       | CUSIP: 717817XT2<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964288.60    | 0.35%             | 2037-07-01      | Fixed         | 4.00%                 | 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        |   1270000 | PA      | $1244652.71   | 0.45%             | 2048-12-01      | 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      | $170837.54    | 0.06%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                                                                                                   | Allegheny County Sanitary Authority, Series 2018, RB                                                                                                   | CUSIP: 017357E83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1988669.97   | 0.72%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                                                                                                         | Delaware River Port Authority, Series 2013, RB                                                                                                         | CUSIP: 246352GB8<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025489.50   | 0.37%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westmoreland (County of), PA Municipal Authority                                                                                                      | Westmoreland (County of), PA Municipal Authority, Series 2013, RB                                                                                      | CUSIP: 961017PF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2290688.78   | 0.83%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Industrial Development Authority (Thomas Jefferson University)                                                             | Philadelphia (City of), PA Industrial Development Authority (Thomas Jefferson University), Series 2017 A, Ref. RB                                      | CUSIP: 71781XCQ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    980000 | PA      | $985572.77    | 0.36%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                                                                                     | Philadelphia Authority for Industrial Development, Series 2022, RB                                                                                     | CUSIP: 71780TBL6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2058242.80   | 0.75%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority                                                                           | Allentown (City of), PA Neighborhood Improvement Zone Development Authority, Series 2022, Ref. RB                                                      | CUSIP: 018444BZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980572.40    | 0.36%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks (County of), PA Municipal Authority (Reading Hospital Medical Center)                                                                           | Berks (County of), PA Municipal Authority (Reading Hospital Medical Center), Series 2012 A, RB                                                         | CUSIP: 084538GX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2448848.85   | 0.89%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Industrial Development Authority (University of the Arts)                                                                  | Philadelphia (City of), PA Industrial Development Authority (University of the Arts), Series 2017, Ref. RB                                             | CUSIP: 71781XEJ8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1771892.53   | 0.64%             | 2045-03-15      | Fixed         | 5.00%                 | 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      | $10451630.00  | 3.78%             | 2042-12-01      | Fixed         | 5.50%                 | 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      | $1390623.36   | 0.50%             | 2050-08-01      | 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      | $3565170.26   | 1.29%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2017, Ref. RB                                                                        | CUSIP: 709224B57<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2887168.15   | 1.05%             | 2038-12-01      | Fixed         | 5.00%                 | 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        |   2350000 | PA      | $2397047.94   | 0.87%             | 2048-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                                                                                            | Philadelphia Gas Works Co., Sixteenth Series 2020 A, RB                                                                                                | CUSIP: 71783MBY0<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1924496.80   | 0.70%             | 2045-08-01      | 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        |   3500000 | PA      | $3153043.60   | 1.14%             | 2049-07-01      | Fixed         | 4.00%                 | 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      | $1265340.29   | 0.46%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                                           | Coatesville School District, Series 2020 C, Ref. GO Bonds                                                                                              | CUSIP: 190684PX2<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    360000 | PA      | $223641.86    | 0.08%             | 2033-10-01      | None          | 0.00%                 | 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        |   3000000 | PA      | $3031873.20   | 1.10%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southcentral Pennsylvania General Authority (WellSpan Health Obligated Group)                                                                         | Southcentral Pennsylvania General Authority (WellSpan Health Obligated Group), Series 2019 A, Ref. RB                                                  | CUSIP: 84129NME6<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2853316.95   | 1.03%             | 2049-06-01      | Fixed         | 5.00%                 | 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      | $88243.80     | 0.03%             | 2034-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                                            | Philadelphia (City of), PA, Series 2017 A, Ref. GO Bonds                                                                                               | CUSIP: 717813VV8<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2697143.93   | 0.98%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                                            | Philadelphia (City of), PA, Series 2014 A, Ref. GO Bonds                                                                                               | CUSIP: 717813QW2<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029687.10   | 0.37%             | 2034-07-15      | Fixed         | 5.25%                 | 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, Ref. RB                                     | CUSIP: 613603TK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1469525.48   | 0.53%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Parking Authority                                                                                                          | Philadelphia (City of), PA Parking Authority, Series 1999 A, RB                                                                                        | CUSIP: 717842FX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1648804.89   | 0.60%             | 2029-02-15      | Fixed         | 5.25%                 | 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      | $1278789.72   | 0.46%             | 2034-07-01      | 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      | $763321.02    | 0.28%             | 2055-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Solid Waste Management Authority                                                                                            | Lancaster (County of), PA Solid Waste Management Authority, Series 2013 A, RB                                                                          | CUSIP: 514061AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027039.90   | 0.37%             | 2030-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                                                                                       | Pennsylvania Higher Education Assistance Agency, Series 2021 A, Tax Exempt RB                                                                          | CUSIP: 70878CAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $879521.54    | 0.32%             | 2042-06-01      | Fixed         | 2.62%                 | 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        |    700000 | PA      | $655857.30    | 0.24%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University)                                                  | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University), Series 2015, Ref. RB                             | CUSIP: 70917SNP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3155000 | PA      | $3193728.26   | 1.16%             | 2050-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) (Municipal Real Estate Funding, LLC)                                                                                   | Pennsylvania (Commonwealth of) (Municipal Real Estate Funding, LLC), Series 2018 A, Ref. COP                                                           | CUSIP: 709144PA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2276926.42   | 0.82%             | 2043-07-01      | Fixed         | 5.00%                 | 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 2017 A, RB                   | CUSIP: 70917SS79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3925000 | PA      | $4083111.95   | 1.48%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Highway & Transportation Authority                                                                                      | Puerto Rico (Commonwealth of) Highway & Transportation Authority, Series 2007 N, Ref. RB                                                               | CUSIP: 745190ZR2<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | US        |    450000 | PA      | $446686.43    | 0.16%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (Temple University Health System)                                        | Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (Temple University Health System), Series 2017, Ref. RB                   | CUSIP: 717903L71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2045431.48   | 0.74%             | 2032-07-01      | 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        |   2000000 | PA      | $1772148.20   | 0.64%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA                                                                                                                             | Allegheny (County of), PA, Series 2020 C-78, GO Bonds                                                                                                  | CUSIP: 01728VVE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1889486.00   | 0.68%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                                            | Philadelphia (City of), PA, Series 2017 A, RB                                                                                                          | CUSIP: 717893D32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7405000 | PA      | $7752682.52   | 2.81%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (State of) Turnpike Commission                                                                                                           | Pennsylvania (State of) Turnpike Commission, Series 2009 E, RB                                                                                         | CUSIP: 7092237Q8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1468197.38   | 0.53%             | 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: 08452RAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472691.45    | 0.17%             | 2042-05-15      | 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 2019, Ref. RB                                     | CUSIP: 613603B40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2208872.50   | 0.80%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2014, Ref. RB                                                                               | CUSIP: 709224EY1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1557310.95   | 0.56%             | 2034-12-01      | 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      | $1478313.72   | 0.54%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Drexel University)                                                            | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Drexel University), Series 2016, Ref. RB                                       | CUSIP: 70917SXS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3590000 | PA      | $3715594.36   | 1.35%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clairton (City of), PA Municipal Authority                                                                                                            | Clairton (City of), PA Municipal Authority, Series 2012 B, RB                                                                                          | CUSIP: 179630CU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001253.60   | 0.72%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Doylestown (City of), PA Hospital Authority                                                                                                           | Doylestown (City of), PA Hospital Authority, Series 2019 A, RB                                                                                         | CUSIP: 261333FQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $362637.85    | 0.13%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Longwood Gardens)                                                                           | Chester (County of), PA Industrial Development Authority (Longwood Gardens), Series 2019, RB                                                           | CUSIP: 165588EM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2435119.43   | 0.88%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin Regional School District                                                                                                                     | Franklin Regional School District, Series 2019, GO Bonds                                                                                               | CUSIP: 354592WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1934115.60   | 0.70%             | 2046-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh (City of), PA Water & Sewer Authority                                                                                                      | Pittsburgh (City of), PA Water & Sewer Authority, Series 2013 A, Ref. RB                                                                               | CUSIP: 725304SL4<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267599.25   | 0.46%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dauphin (County of), PA General Authority (Pinnacle Health System)                                                                                    | Dauphin (County of), PA General Authority (Pinnacle Health System), Series 2016 A, Ref. RB                                                             | CUSIP: 23825EDX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1182754.66   | 0.43%             | 2035-06-01      | Fixed         | 5.00%                 | 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      | $676025.67    | 0.24%             | 2038-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority (Port District)                                                                                                         | Delaware River Port Authority (Port District), Series 2012, Ref. RB                                                                                    | CUSIP: 246348FM3<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2179311.50   | 0.79%             | 2025-01-01      | Fixed         | 5.00%                 | 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      | $3028469.93   | 1.10%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                                                                                                   | Pennsylvania State University (The), Series 2016 A, RB                                                                                                 | CUSIP: 709235XF7<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   3245000 | PA      | $3447633.05   | 1.25%             | 2041-09-01      | 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 2021 A, Ref. RB                                                 | CUSIP: 70870JDJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1337364.60   | 0.48%             | 2051-10-15      | Fixed         | 4.00%                 | 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      | $3342029.35   | 1.21%             | 2048-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Highway & Transportation Authority                                                                                      | Puerto Rico (Commonwealth of) Highway & Transportation Authority, Series 2007, Ref. RB                                                                 | CUSIP: 745181C88<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2181782.24   | 0.79%             | 2036-07-01      | Fixed         | 5.25%                 | 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      | $2176437.40   | 0.79%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Public School Building Authority (Harrisburg School)                                                                   | Pennsylvania (Commonwealth of) Public School Building Authority (Harrisburg School), Series 2016 A, Ref. RB                                            | CUSIP: 85732TKJ0<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    510000 | PA      | $553278.04    | 0.20%             | 2030-12-01      | Fixed         | 5.00%                 | 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 2018, Ref. RB                                                    | CUSIP: 353273BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $2714948.50   | 0.98%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Higher Education Building Authority (Duquesne University)                                                                   | Allegheny (County of), PA Higher Education Building Authority (Duquesne University), Series 2013 A, RB                                                 | CUSIP: 01728RKD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1609676.16   | 0.58%             | 2033-03-01      | Fixed         | 5.00%                 | 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: 664551DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3139870.08   | 1.14%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland (County of), PA Municipal Authority (Diakon Lutheran)                                                                                      | Cumberland (County of), PA Municipal Authority (Diakon Lutheran), Series 2015, Ref. RB                                                                 | CUSIP: 230614SL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2364245.18   | 0.86%             | 2038-01-01      | Fixed         | 5.00%                 | 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        |    600000 | PA      | $560674.14    | 0.20%             | 2047-05-15      | 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      | $914168.60    | 0.33%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Industrial Development Authority (First Philadelphia Preparatory Charter School)                                           | Philadelphia (City of), PA Industrial Development Authority (First Philadelphia Preparatory Charter School), Series 2014 A, RB                         | CUSIP: 71781XAS2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3266593.13   | 1.18%             | 2033-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (City of), PA Industrial Development Authority (Landis Homes Retirement Community)                                                          | Lancaster (City of), PA Industrial Development Authority (Landis Homes Retirement Community), Series 2021, Ref. RB                                     | CUSIP: 51434NAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $744515.00    | 0.27%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                                                                                          | Commonwealth of Pennsylvania, Series 2022, GO Bonds                                                                                                    | CUSIP: 70914PZ62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116823.40   | 0.40%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Swarthmore (Borough of), PA Authority (Swarthmore College)                                                                                            | Swarthmore (Borough of), PA Authority (Swarthmore College), Series 2021 B, Ref. RB                                                                     | CUSIP: 870000PD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1699563.54   | 0.62%             | 2041-09-15      | 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 2021, Ref. RB                             | CUSIP: 70869PNK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $827300.20    | 0.30%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of)                                                                                                                        | Pennsylvania (Commonwealth of), First Series 2020, GO Bonds                                                                                            | CUSIP: 70914PS94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1781187.50   | 0.64%             | 2040-05-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Mechanicsburg Area School District                                                                                                                    | Mechanicsburg Area School District, Series 2020 AA, GO Bonds                                                                                           | CUSIP: 583726WP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1879879.60   | 0.68%             | 2050-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2014 A-3, RB                                                                                | CUSIP: 709224DS5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1256822.40   | 0.46%             | 2041-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Industrial Development Authority (MaST I Charter School)                                                                   | Philadelphia (City of), PA Industrial Development Authority (MaST I Charter School), Series 2016 A, Ref. RB                                            | CUSIP: 71781XBX0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522937.40   | 0.55%             | 2046-08-01      | Fixed         | 5.25%                 | 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        |   1525000 | PA      | $1306433.34   | 0.47%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Susquehanna Area Regional Airport Authority                                                                                                           | Susquehanna Area Regional Airport Authority, Series 2012 A, RB                                                                                         | CUSIP: 86909RBD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4415000 | PA      | $4423388.94   | 1.60%             | 2027-01-01      | 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      | $1400384.70   | 0.51%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB                                                                                  | CUSIP: 709224S83<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061768.00   | 0.38%             | 2044-12-01      | 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: 70869PJY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1647375.24   | 0.60%             | 2038-12-31      | 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: 66353RCB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1206800.13   | 0.44%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority                                                                                              | Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority, Series 2022 A, Ref. RB                                                                       | CUSIP: 745160UC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004323.00   | 0.36%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Longwood Gardens)                                                                           | Chester (County of), PA Industrial Development Authority (Longwood Gardens), Series 2019, RB                                                           | CUSIP: 165588EN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1531847.96   | 0.55%             | 2049-12-01      | 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        |   7170000 | PA      | $475422.62    | 0.17%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student Housing at Millersville University of Pennsylvania) | East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student Housing at Millersville University of Pennsylvania), | CUSIP: 273007AS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3770000 | PA      | $3814876.20   | 1.38%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) International Airport Authority                                                                                                   | Guam (Territory of) International Airport Authority, Series 2013 C, RB                                                                                 | CUSIP: 40064RET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $450393.64    | 0.16%             | 2034-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Drexel University)                                                            | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Drexel University), Series 2020 A, Ref. RB                                     | CUSIP: 70917TAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2902372.80   | 1.05%             | 2041-05-01      | Fixed         | 4.00%                 | 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        |    150000 | PA      | $146108.64    | 0.05%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centre (County of), PA Hospital Authority (Mt. Nittany Medical Center)                                                                                | Centre (County of), PA Hospital Authority (Mt. Nittany Medical Center), Series 2016 A, Ref. RB                                                         | CUSIP: 156273FH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $960700.95    | 0.35%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) International Airport Authority                                                                                                   | Guam (Territory of) International Airport Authority, Series 2013 C, RB                                                                                 | CUSIP: 40064REN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $610264.25    | 0.22%             | 2034-10-01      | Fixed         | 6.25%                 | 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 2019 A, Ref. RB                             | CUSIP: 01728A5A0<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   3915000 | PA      | $3808176.09   | 1.38%             | 2038-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                                                                                                   | Allegheny County Sanitary Authority, Series 2022, RB                                                                                                   | CUSIP: 017357N75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1987721.05   | 0.72%             | 2052-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (Temple University Health System)                                        | Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (Temple University Health System), Series 2017, Ref. RB                   | CUSIP: 717903L97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024241.40   | 0.37%             | 2034-07-01      | 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: 01728LFL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2592684.00   | 0.94%             | 2056-01-01      | Fixed         | 4.00%                 | 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      | $3051339.76   | 1.10%             | 2051-12-01      | Fixed         | 5.00%                 | 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 2018, RB                                             | CUSIP: 018444BC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $454001.25    | 0.16%             | 2042-05-01      | 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        |   1965000 | PA      | $2060007.55   | 0.75%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maxatawny Township Municipal Authority                                                                                                                | Maxatawny Township Municipal Authority, Series 2022, RB                                                                                                | CUSIP: 57778PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $491530.95    | 0.18%             | 2042-01-01      | 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        |    790000 | PA      | $824094.27    | 0.30%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                                            | Philadelphia (City of), PA, Series 2019 A, Ref. GO Bonds                                                                                               | CUSIP: 717813WU9<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111907.00    | 0.04%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westmoreland (County of), PA Municipal Authority                                                                                                      | Westmoreland (County of), PA Municipal Authority, Series 2013, RB                                                                                      | CUSIP: 961017PK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036167.80   | 0.74%             | 2037-08-15      | 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        |   5370000 | PA      | $5552574.63   | 2.01%             | 2047-06-01      | Fixed         | 5.25%                 | 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      | $2245097.50   | 0.81%             | 2045-08-01      | Fixed         | 5.00%                 | 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      | $1066209.90   | 0.39%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Shore Area Authority (Messiah Village)                                                                                                           | West Shore Area Authority (Messiah Village), Series 2015 A, Ref. RB                                                                                    | CUSIP: 95581QAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1484761.20   | 0.54%             | 2035-07-01      | Fixed         | 5.00%                 | 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      | $417120.23    | 0.15%             | 2049-12-01      | Fixed         | 5.00%                 | 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      | $2283160.52   | 0.83%             | 2047-10-15      | 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      | $910593.18    | 0.33%             | 2049-11-01      | 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: 938618AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $746724.45    | 0.27%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Temple University)                                                                   | Philadelphia (City of), PA Authority for Industrial Development (Temple University), First Series 2015, Ref. RB                                        | CUSIP: 717794AM3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2009497.12   | 0.73%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                                                                                      | Pennsylvania Turnpike Commission, Series 2022, RB                                                                                                      | CUSIP: 709225GL4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2148786.20   | 0.78%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                                                                                     | Philadelphia Authority for Industrial Development, Series 2014, RB                                                                                     | CUSIP: 717901AP7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6210927.60   | 2.25%             | 2042-07-01      | 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: 273007CN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2780000 | PA      | $2860759.00   | 1.04%             | 2039-12-01      | 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: 295435CR0<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    100000 | PA      | $91602.66     | 0.03%             | 2036-05-01      | 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: 613609K96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $912073.20    | 0.33%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Public Finance Authority                                                                                               | Virgin Islands (Government of) Public Finance Authority, Series 2015, RB                                                                               | CUSIP: 927676UF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2269960.71   | 0.82%             | 2030-09-01      | 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      | $2349986.74   | 0.85%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC)                                                                        | Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC), Series 2022 A, Ref. RB                                                 | CUSIP: 70870JEG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $444291.20    | 0.16%             | 2052-02-15      | 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      | $396708.28    | 0.14%             | 2032-01-01      | 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      | $818731.87    | 0.30%             | 2038-12-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (State of) Higher Educational Facilities Authority (University of Pennsylvania Health)                                                   | Pennsylvania (State of) Higher Educational Facilities Authority (University of Pennsylvania Health), Series 2019, RB                                   | CUSIP: 70917S6W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5810000 | PA      | $5694045.76   | 2.06%             | 2044-08-15      | Fixed         | 4.00%                 | 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: 717824AR7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2891005.25   | 1.05%             | 2049-07-01      | 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: 295435CS8<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    400000 | PA      | $345144.76    | 0.12%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (City of), PA Industrial Development Authority (Willow Valley Communities)                                                                  | Lancaster (City of), PA Industrial Development Authority (Willow Valley Communities), Series 2019, RB                                                  | CUSIP: 514349CY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1612392.59   | 0.58%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Covanta Holding Corp.) (Green Bonds)                                         | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Covanta Holding Corp.) (Green Bonds), Series 2019 A, RB                       | CUSIP: 708692BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $1973992.80   | 0.71%             | 2039-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Cumberland (County of), PA Municipal Authority (Diakon Lutheran)                                                                                      | Cumberland (County of), PA Municipal Authority (Diakon Lutheran), Series 2015, Ref. RB                                                                 | CUSIP: 230614RZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1920000 | PA      | $2009095.10   | 0.73%             | 2038-01-01      | Fixed         | 5.00%                 | 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      | $2134005.93   | 0.77%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency                                                                                                 | Pennsylvania (Commonwealth of) Housing Finance Agency, Series 2019-131 A, RB                                                                           | CUSIP: 70879QGK3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2004572.00   | 0.73%             | 2044-10-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Industrial Development Authority (New Foundations Charter School)                                                          | Philadelphia (City of), PA Industrial Development Authority (New Foundations Charter School), Series 2012, RB                                          | CUSIP: 7178188A9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251834.13   | 0.45%             | 2041-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                                                                                                    | Southeastern Pennsylvania Transportation Authority, Series 2022, RB                                                                                    | CUSIP: 842039FR5<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2180168.00   | 0.79%             | 2052-06-01      | Fixed         | 5.25%                 | 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        |    265000 | PA      | $215945.69    | 0.08%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Industrial Development Authority (Architecture & Design Charter High School)                                               | Philadelphia (City of), PA Industrial Development Authority (Architecture & Design Charter High School), Series 2013, RB                               | CUSIP: 7178188G6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1934392.44   | 0.70%             | 2043-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Pittsburgh (City of), PA Water & Sewer Authority                                                                                                      | Pittsburgh (City of), PA Water & Sewer Authority, Series 2019 B, Ref. RB                                                                               | CUSIP: 725304VF3<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1660198.88   | 0.60%             | 2034-09-01      | Fixed         | 4.00%                 | 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      | $4289449.97   | 1.55%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Haverford School)                                                                        | Montgomery (County of), PA Industrial Development Authority (Haverford School), Series 2019, Ref. RB                                                   | CUSIP: 613609K88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1566399.98   | 0.57%             | 2049-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                                                                        | Tender Option Bond Trust Receipts/Certificates, Series 2022, RB                                                                                        | CUSIP: 88035D4K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3330000.00   | 1.21%             | 2053-06-01      | Variable      | 1.95%                 | 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      | $625053.99    | 0.23%             | 2040-08-01      | Fixed         | 5.00%                 | 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      | $3820127.15   | 1.38%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Capital Region Parking System)                                               | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Capital Region Parking System), Series 2013, RB                               | CUSIP: 70870ECC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3280000 | PA      | $3360102.52   | 1.22%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of)                                                                                                                        | Pennsylvania (Commonwealth of), Series 2018 A, Ref. COP                                                                                                | CUSIP: 709144PB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1877515.75   | 0.68%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh (City of), PA Water & Sewer Authority                                                                                                      | Pittsburgh (City of), PA Water & Sewer Authority, Series 2020 B, RB                                                                                    | CUSIP: 725304WF2<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   3540000 | PA      | $3307630.15   | 1.20%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                                                                                                   | Allegheny County Sanitary Authority, Series 2015, RB                                                                                                   | CUSIP: 017357A87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7880000 | PA      | $8212777.92   | 2.97%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student Housing at Millersville University of Pennsylvania) | East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student Housing at Millersville University of Pennsylvania), | CUSIP: 273007BD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $775776.08    | 0.28%             | 2039-07-01      | 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        |    350000 | PA      | $302594.50    | 0.11%             | 2041-07-01      | 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      | $6587053.20   | 2.39%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (PA Bridges Finco L.P.)                                                       | Pennsylvania (Commonwealth of) Economic Development Financing Authority (PA Bridges Finco L.P.), Series 2015, RB                                       | CUSIP: 70869PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2798623.99   | 1.01%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                                            | Philadelphia (City of), PA, Series 2021 A, GO Bonds                                                                                                    | CUSIP: 717813YV5<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1109970.70   | 0.40%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB                                                                                  | CUSIP: 709224P60<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1252822.19   | 0.45%             | 2049-12-01      | Fixed         | 4.00%                 | 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      | $323560.60    | 0.12%             | 2034-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of)                                                                                                                        | Pennsylvania (Commonwealth of), First Series 2013, GO Bonds                                                                                            | CUSIP: 70914PTY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15125860.50  | 5.48%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Port Authority                                                                                                         | Virgin Islands (Government of) Port Authority, Series 2014 B, Ref. RB                                                                                  | CUSIP: 927674BC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $856902.85    | 0.31%             | 2044-09-01      | Fixed         | 5.00%                 | 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: 613609K54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024973.00   | 0.37%             | 2044-12-01      | Fixed         | 5.00%                 | 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        |   1000000 | PA      | $1058568.10   | 0.38%             | 2044-09-01      | 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      | $2169672.20   | 0.79%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Albert Einstein Healthcare)                                                              | Montgomery (County of), PA Industrial Development Authority (Albert Einstein Healthcare), Series 2015, Ref. RB                                         | CUSIP: 613612AU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3304942.52   | 1.20%             | 2045-01-15      | Fixed         | 5.25%                 | 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      | $3268364.15   | 1.18%             | 2035-06-01      | Fixed         | 5.00%                 | 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      | $981181.59    | 0.36%             | 2037-10-01      | 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      | $845561.28    | 0.31%             | 2044-11-01      | Fixed         | 5.00%                 | 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      | $1297395.38   | 0.47%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) International Airport Authority                                                                                                   | Guam (Territory of) International Airport Authority, Series 2013 C, RB                                                                                 | CUSIP: 40064REP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1136220.31   | 0.41%             | 2034-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) International Airport Authority                                                                                                   | Guam (Territory of) International Airport Authority, Series 2013 C, RB                                                                                 | CUSIP: 40064RES4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $928217.05    | 0.34%             | 2034-10-01      | Fixed         | 6.25%                 | 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        |   4750000 | PA      | $4998636.38   | 1.81%             | 2050-11-01      | 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 2018 A, Ref. RB                                   | CUSIP: 66353RCF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2177926.37   | 0.79%             | 2048-08-15      | Fixed         | 4.00%                 | 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: 663549NT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $459757.95    | 0.17%             | 2039-11-01      | 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      | $6508872.72   | 2.36%             | 2033-06-01      | Variable      | 6.25%                 | 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 C, RB                                              | CUSIP: 08452RAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1113105.47   | 0.40%             | 2047-05-15      | Fixed         | 5.00%                 | 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        |   1670000 | PA      | $1639544.54   | 0.59%             | 2037-02-01      | Floating      | 3.79%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 A, RB                                                                                  | CUSIP: 709225BD7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3985579.80   | 1.44%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia School District (The)                                                                                                                    | Philadelphia School District (The), Series 2019 A, GO Bonds                                                                                            | CUSIP: 717883VV1<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1614551.70   | 0.58%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maxatawny Township Municipal Authority                                                                                                                | Maxatawny Township Municipal Authority, Series 2022, RB                                                                                                | CUSIP: 57778PAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $397049.36    | 0.14%             | 2045-01-01      | Fixed         | 4.50%                 | 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        |   3500000 | PA      | $4215744.40   | 1.53%             | 2032-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA General Purpose Authority (LaFayette College)                                                                             | Northampton (County of), PA General Purpose Authority (LaFayette College), Series 2017, Ref. RB                                                        | CUSIP: 66353LDK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3865000 | PA      | $4015071.77   | 1.45%             | 2047-11-01      | 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        |    395000 | PA      | $407988.23    | 0.15%             | 2030-08-01      | 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 2022 B, Ref. RB                                   | CUSIP: 613603G52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1742100.60   | 0.63%             | 2052-05-01      | Fixed         | 4.00%                 | 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        |   3320000 | PA      | $2765356.48   | 1.00%             | 2042-05-01      | Fixed         | 5.00%                 | 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      | $5206379.00   | 1.89%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student Housing at Millersville University of Pennsylvania) | East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student Housing at Millersville University of Pennsylvania), | CUSIP: 273007AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $758927.63    | 0.27%             | 2035-07-01      | 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      | $1840284.00   | 0.67%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2017, Ref. RB                                                                        | CUSIP: 709224B65<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    700000 | PA      | $732629.73    | 0.27%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Cultural and Commercials Corridors)                                                  | Philadelphia (City of), PA Authority for Industrial Development (Cultural and Commercials Corridors), Series 2016, Ref. RB                             | CUSIP: 71779QAQ5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3305361.26   | 1.20%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                                                                                            | Philadelphia Gas Works Co., Series 2020, RB                                                                                                            | CUSIP: 71783MBZ7<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2647451.00   | 0.96%             | 2050-08-01      | 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      | $167556.58    | 0.06%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northampton County General Purpose Authority                                                                                                          | Northampton County General Purpose Authority, Series 2016, RB                                                                                          | CUSIP: 66353RCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $628351.38    | 0.23%             | 2046-08-15      | 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        |   4915000 | PA      | $4725187.12   | 1.71%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh (City of), PA Water & Sewer Authority                                                                                                      | Pittsburgh (City of), PA Water & Sewer Authority, Series 2019 A, RB                                                                                    | CUSIP: 725304VA4<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2392548.01   | 0.87%             | 2044-09-01      | Fixed         | 5.00%                 | 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      | $1161086.57   | 0.42%             | 2047-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland (County of), PA Municipal Authority (Penn State Health)                                                                                    | Cumberland (County of), PA Municipal Authority (Penn State Health), Series 2019, RB                                                                    | CUSIP: 230614PC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1864650.60   | 0.68%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Lehigh Valley Academy)                                                                              | Lehigh (County of), PA General Purpose Authority (Lehigh Valley Academy), Series 2022, RB                                                              | CUSIP: 52480EAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1713657.80   | 0.62%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

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

**Signature:** Sheri Morris

**Name of Signer:** Sheri Morris

**Title:** President