# EDGAR Filing Document

**Accession Number:** 0000895528
**File Stem:** 0000895528-26-000013
**Filing Date:** 2026-4
**Character Count:** 81078
**Document Hash:** 0a1ac5d939885a31bdd431831e3c6308
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000895528-26-000013.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000895528-26-000013

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07398
- **FILM NUMBER:** 26907152

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30309

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2026-02-28

**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:** $311682598.78

**Total Liabilities:** $114014535.18

**Net Assets:** $197668063.60

**Delayed Delivery Securities:** $2611950.00

**Cash Not Reported:** $1955180.09

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -784.99653464 | **1-Year:** -7827.74403242 | **5-Year:** -31355.34527762 | **10-Year:** -67682.30057432 | **30-Year:** -32991.68608691

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

- **3-Month:** -129.38289735 | **1-Year:** -2337.03345831 | **5-Year:** -8184.20841834 | **10-Year:** -11173.25457197 | **30-Year:** -3386.86685392

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.10%               | 0.72%                | 2.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $246105.03               | $-1098603.82                               |
| Month 2  | $-252180.62              | $794668.75                                 |
| Month 3  | $174194.60               | $3002872.38                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                                                              | Title                                                                                                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| East Hempfield (Township of), PA Industrial Development Authority (Willow Valley Communities)                     | East Hempfield (Township of), PA Industrial Development Authority (Willow Valley Communities), Series 2016, Ref. RB                | CUSIP: 273007CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1421185.84   | 0.72%             | 2030-12-01      | 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      | $1938380.34   | 0.98%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network)                      | Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network), Series 2016, Ref. RB                 | CUSIP: 66353RCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $626703.50    | 0.32%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.)              | Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB         | CUSIP: 61360PCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4285000 | PA      | $4333561.05   | 2.19%             | 2036-11-15      | 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        |   2640000 | PA      | $2649414.50   | 1.34%             | 2038-12-31      | 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      | $1259555.88   | 0.64%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School)                           | Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School), Series 2016 A, Ref. RB                    | CUSIP: 71781XBX0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501617.30   | 0.76%             | 2046-08-01      | Fixed         | 5.25%                 | 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      | $1180184.97   | 0.60%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University)                     | Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University), Series 2017 A, Ref. RB              | CUSIP: 71781XCQ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    980000 | PA      | $984659.31    | 0.50%             | 2047-09-01      | 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      | $10149244.00  | 5.13%             | 2042-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Brethren Village)                                                   | Lancaster (County of), PA Hospital Authority (Brethren Village), Series 2017, Ref. RB                                              | CUSIP: 514045S46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $774646.26    | 0.39%             | 2037-07-01      | Fixed         | 5.12%                 | 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      | $1504899.45   | 0.76%             | 2041-07-01      | Fixed         | 5.25%                 | 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      | $1137903.51   | 0.58%             | 2047-12-15      | 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      | $1826255.40   | 0.92%             | 2047-02-15      | Fixed         | 4.00%                 | 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        |   4000000 | PA      | $4065022.40   | 2.06%             | 2047-06-01      | 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        |   3025000 | PA      | $3029607.38   | 1.53%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                        | Philadelphia (City of), PA, Series 2017 15, Ref. RB                                                                                | CUSIP: 71783MAZ8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1113573.78   | 0.56%             | 2047-08-01      | 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        |   1200000 | PA      | $1200587.40   | 0.61%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, Inc.)              | Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, Inc.), Series 2017, Ref. RB         | CUSIP: 613603XG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2988177.30   | 1.51%             | 2047-12-01      | 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      | $2356191.11   | 1.19%             | 2047-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                        | Philadelphia (City of), PA, Series 2017 B, Ref. RB                                                                                 | CUSIP: 717817UL2<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4062012.40   | 2.05%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                             | Children's Trust Fund, Series 2002, RB                                                                                             | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1284400.93   | 0.65%             | 2043-05-15      | Fixed         | 5.62%                 | 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      | $2103922.20   | 1.06%             | 2032-06-01      | 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      | $2100388.40   | 1.06%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                  | Commonwealth Financing Authority, Series 2018, RB                                                                                  | CUSIP: 20282EAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3186103.17   | 1.61%             | 2035-06-01      | 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      | $3685525.90   | 1.86%             | 2031-06-01      | 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        |    385000 | PA      | $388129.40    | 0.20%             | 2028-07-01      | 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: 938618AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010249.90   | 0.51%             | 2035-07-01      | 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        |   2000000 | PA      | $1814114.40   | 0.92%             | 2048-07-15      | 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      | $998041.60    | 0.50%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority (Pleasant View Retirement Community)                                   | West Cornwall Township Municipal Authority (Pleasant View Retirement Community), Series 2018 C, Ref. RB                            | CUSIP: 95235TAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3670000 | PA      | $3437315.03   | 1.74%             | 2048-12-15      | 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        |   3760000 | PA      | $3798779.89   | 1.92%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Sanitary Authority                                                                      | Allegheny (County of), PA Sanitary Authority, Series 2018, RB                                                                      | CUSIP: 017357E83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2017587.81   | 1.02%             | 2048-06-01      | 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        |   2840000 | PA      | $2844548.83   | 1.44%             | 2048-12-01      | Fixed         | 5.00%                 | 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      | $958338.92    | 0.48%             | 2055-05-15      | None          | 0.00%                 | 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        |   9870000 | PA      | $486045.19    | 0.25%             | 2057-05-15      | None          | 0.00%                 | 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      | $888150.36    | 0.45%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Municipal Authority (Misericordia University)                                                         | Dallas Area Municipal Authority (Misericordia University), Series 2019, Ref. RB                                                    | CUSIP: 235171AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2714199.60   | 1.37%             | 2048-05-01      | 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        |    805000 | PA      | $807799.31    | 0.41%             | 2037-02-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Northeastern Pennsylvania (Commonwealth of) Hospital & Education Authority (Kings College)                        | Northeastern Pennsylvania (Commonwealth of) Hospital & Education Authority (Kings College), Series 2019, RB                        | CUSIP: 664551CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984753.10    | 0.50%             | 2044-05-01      | 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: 613609K62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998702.40    | 0.51%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University)                      | Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2019, Ref. RB                 | CUSIP: 613603B40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3174301.02   | 1.61%             | 2049-09-01      | 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        |   2425000 | PA      | $2388736.79   | 1.21%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                             | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                         | CUSIP: 74529JRH0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252585.50   | 0.63%             | 2040-07-01      | Fixed         | 4.33%                 | 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      | $5178351.00   | 2.62%             | 2049-12-01      | 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 2019, RB                                     | CUSIP: 353273CE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $469126.10    | 0.24%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA (Lehigh Valley Health Network)                                                             | Lehigh (County of), PA (Lehigh Valley Health Network), Series 2019, Ref. RB                                                        | CUSIP: 52480GDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7395000 | PA      | $6439927.62   | 3.26%             | 2049-07-01      | 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: 663549NU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $939970.08    | 0.48%             | 2049-11-01      | 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: 663549NT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505170.60    | 0.26%             | 2039-11-01      | 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      | $907067.60    | 0.46%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds)                         | Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds), Series 2019, RB                         | CUSIP: 165588EN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1548900.05   | 0.78%             | 2049-12-01      | Fixed         | 4.00%                 | 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 2019, RB | CUSIP: 70917S6W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5810000 | PA      | $5655037.42   | 2.86%             | 2044-08-15      | Fixed         | 4.00%                 | 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      | $943031.57    | 0.48%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services)                         | Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services), Series 2019, Ref. RB                    | CUSIP: 165579GQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $2807644.79   | 1.42%             | 2051-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC)                                    | Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC), Series 2020 A-1, RB                                | CUSIP: 70870JCK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2177237.32   | 1.10%             | 2050-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                       | Coatesville School District, Series 2020 A, GO Bonds                                                                               | CUSIP: 190684PQ7<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    150000 | PA      | $108233.40    | 0.05%             | 2034-10-01      | None          | 0.00%                 | 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      | $863636.39    | 0.44%             | 2038-10-01      | None          | 0.00%                 | 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      | $207258.67    | 0.10%             | 2033-10-01      | None          | 0.00%                 | 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      | $396855.80    | 0.20%             | 2034-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                       | Coatesville School District, Series 2020 C, Ref. GO Notes                                                                          | CUSIP: 190684PX2<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    360000 | PA      | $271320.44    | 0.14%             | 2033-10-01      | None          | 0.00%                 | 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      | $194497.36    | 0.10%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II)                | Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II), Series 2020, RB                | CUSIP: 71780CAH3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    280000 | PA      | $291225.45    | 0.15%             | 2030-08-01      | 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: 71780CAJ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    620000 | PA      | $636539.62    | 0.32%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                        | Philadelphia (City of), PA, Series 2020 A, RB                                                                                      | CUSIP: 717893Q53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5156370.00   | 2.61%             | 2050-11-01      | Fixed         | 5.00%                 | 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      | $419843.32    | 0.21%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of)                                                                                    | Pennsylvania (Commonwealth of), First Series 2020, GO Bonds                                                                        | CUSIP: 70914PS94<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1589256.00   | 0.80%             | 2040-05-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                        | Philadelphia (City of), PA, Series 2020 C, Ref. RB                                                                                 | CUSIP: 717817WW6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889044.90    | 0.45%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter School)                    | Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter School), Series 2020, Ref. RB               | CUSIP: 71780CBA7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1602735.18   | 0.81%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                                                     | Bucks County Industrial Development Authority, Series 2021, RB                                                                     | CUSIP: 11861MBN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $760481.00    | 0.38%             | 2054-07-01      | 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: 518324AU2<br>LEI: 5493008FA05J2R0XCZ14 | Long             | DBT              | MUN               | US        |    750000 | PA      | $620004.08    | 0.31%             | 2046-03-01      | Fixed         | 4.00%                 | 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      | $209216.55    | 0.11%             | 2051-03-01      | 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        |    480000 | PA      | $448698.29    | 0.23%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Germantown Academy)                                  | Montgomery (County of), PA Industrial Development Authority (Germantown Academy), Series 2021, Ref. RB                             | CUSIP: 613609K96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000059.40   | 0.51%             | 2036-10-01      | 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: 613609L38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $555421.88    | 0.28%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living)              | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2021, Ref. RB         | CUSIP: 70869PNK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4180000 | PA      | $3756679.28   | 1.90%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living)              | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2021, Ref. RB         | CUSIP: 70869PNJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1034850.08   | 0.52%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                        | Philadelphia (City of), PA, Series 2021, Ref. RB                                                                                   | CUSIP: 717817XV7<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011419.10   | 0.51%             | 2039-07-01      | Fixed         | 4.00%                 | 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        |   4840000 | PA      | $4885447.60   | 2.47%             | 2033-06-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority (Pittsburgh International Airport)                                    | Allegheny (County of), PA Airport Authority (Pittsburgh International Airport), Series 2021 A, RB                                  | CUSIP: 01728LFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1336270.32   | 0.68%             | 2051-01-01      | 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: 01728LFK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3865000 | PA      | $3904274.20   | 1.98%             | 2056-01-01      | Fixed         | 5.00%                 | 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      | $760931.64    | 0.38%             | 2038-12-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Penn State Health)                                                  | Lancaster (County of), PA Hospital Authority (Penn State Health), Series 2021, RB                                                  | CUSIP: 514045W58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4215000 | PA      | $4298681.24   | 2.17%             | 2046-11-01      | 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, Ref. RB                 | CUSIP: 613603G78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5755000 | PA      | $4958879.77   | 2.51%             | 2056-05-01      | 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      | $8885306.40   | 4.50%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                        | Philadelphia (City of), PA, Series 2020 C, Ref. RB                                                                                 | CUSIP: 717817WN6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1335090.12   | 0.68%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)                                                                             | School District of Philadelphia (The), Series 2021, GO Bonds                                                                       | CUSIP: 717883ZG0<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956824.10    | 0.48%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries)                               | Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries), Series 2022 A, RB                             | CUSIP: 57778PAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $438669.86    | 0.22%             | 2045-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries)                               | Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries), Series 2022 A, RB                             | CUSIP: 57778PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517440.05    | 0.26%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Sanitary Authority                                                                      | Allegheny (County of), PA Sanitary Authority, Series 2022, RB                                                                      | CUSIP: 017357N75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1896307.70   | 0.96%             | 2052-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority (Asset Improvement Program)                                    | Southeastern Pennsylvania Transportation Authority (Asset Improvement Program), Series 2022, RB                                    | CUSIP: 842039FQ7<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3178613.10   | 1.61%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University)                         | Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University), Series 2022, RB                         | CUSIP: 71780TBL6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067069.20   | 1.05%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2022 B, Ref. RB                                                         | CUSIP: 709225GL4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2112673.00   | 1.07%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                                             | Pennsylvania Economic Development Financing Authority, Series 2022, RB                                                             | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1217251.66   | 0.62%             | 2048-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                   | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                   | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7595000 | PA      | $7728798.08   | 3.91%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                              | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2023 141-A, RB                                        | CUSIP: 70879QSZ7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    796226 | PA      | $850436.41    | 0.43%             | 2053-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                | Pennsylvania (Commonwealth of) Turnpike Commission, First series 2023, Ref. RB                                                     | CUSIP: 709225HE9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093297.70   | 0.55%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority                                           | Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2023 A-2, RB                                       | CUSIP: 70870JFN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1533117.95   | 0.78%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency                                                 | Pennsylvania (Commonwealth of) Higher Education Assistance Agency, Series 2023 A, RB                                               | CUSIP: 70878CBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1901181.04   | 0.96%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency                                                 | Pennsylvania (Commonwealth of) Higher Education Assistance Agency, Series 2023 B, RB                                               | CUSIP: 70878CBB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485888.60    | 0.25%             | 2050-06-01      | 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 2023, RB              | CUSIP: 70869PPB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $721213.10    | 0.36%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Littlestown Area School District                                                                                  | Littlestown Area School District, Series 2023 A, GO Bonds                                                                          | CUSIP: 537713PR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2487781.92   | 1.26%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                        | Philadelphia (City of), PA, Series 2023 B, Ref. RB                                                                                 | CUSIP: 7178932Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2697444.25   | 1.36%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority (Pittsburgh International Airport)                                    | Allegheny (County of), PA Airport Authority (Pittsburgh International Airport), Series 2021 A, RB                                  | CUSIP: 01728LGH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2664569.10   | 1.35%             | 2056-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority (Pittsburgh International Airport)                                    | Allegheny (County of), PA Airport Authority (Pittsburgh International Airport), Series 2023 A, RB                                  | CUSIP: 01728LHE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4203528.00   | 2.13%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Lehigh Valley Dual Language Charter School)                     | Lehigh (County of), PA General Purpose Authority (Lehigh Valley Dual Language Charter School), Series 2023, RB                     | CUSIP: 52480EAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1306635.72   | 0.66%             | 2053-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                              | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2023 143-A, RB                                        | CUSIP: 70879QUJ0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4256014.00   | 2.15%             | 2044-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Masonic Villages)                                                   | Lancaster (County of), PA Hospital Authority (Masonic Villages), Series 2023, Ref. RB                                              | CUSIP: 514045X81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104177.20   | 0.56%             | 2038-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA (River Pionte)                                                                         | Montgomery (County of), PA (River Pionte), Series 2023, RB                                                                         | CUSIP: 613646AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1770844.95   | 0.90%             | 2043-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts)                     | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts), Series 2023, RB                     | CUSIP: 018444CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1802844.23   | 0.91%             | 2042-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center)                         | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center), Series 2024, RB                         | CUSIP: 018444CC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2930000 | PA      | $3064607.72   | 1.55%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Villanova University)                    | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Villanova University), Series 2024, RB                    | CUSIP: 70869PQC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3155261.90   | 1.60%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (La Salle University)                             | Philadelphia (City of), PA Authority for Industrial Development (La Salle University), Series 2024, Ref. RB                        | CUSIP: 71781XGX5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2141211.69   | 1.08%             | 2030-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Muhlenberg College)                                             | Lehigh (County of), PA General Purpose Authority (Muhlenberg College), Series 2024, Ref. RB                                        | CUSIP: 52480RGM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5075000 | PA      | $5121237.82   | 2.59%             | 2049-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                              | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2024-145A, RB                                         | CUSIP: 70879QWN9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1593975.00   | 0.81%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Social Bonds)                                    | Philadelphia (City of), PA Authority for Industrial Development (Social Bonds), Series 2024, Ref. RB                               | CUSIP: 71780CBY5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    615000 | PA      | $638187.47    | 0.32%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Social Bonds)                                    | Philadelphia (City of), PA Authority for Industrial Development (Social Bonds), Series 2024, Ref. RB                               | CUSIP: 71780CBZ2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507038.30    | 0.26%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                              | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2024-146A, RB                                         | CUSIP: 70879QXV0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2175972.40   | 1.10%             | 2054-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                                                     | Lancaster Municipal Authority, Series 2024, RB                                                                                     | CUSIP: 514350AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1152387.27   | 0.58%             | 2059-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA (1998 General Ordinance)                                                               | Philadelphia (City of), PA (1998 General Ordinance), Series 2024, RB                                                               | CUSIP: 71783MDF9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   4695000 | PA      | $4982904.44   | 2.52%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                        | Philadelphia (City of), PA, Series 2024 C, RB                                                                                      | CUSIP: 7178933W9<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8070429.00   | 4.08%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia)             | Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia), Series 2024, RB             | CUSIP: 717901BZ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3222600.90   | 1.63%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Adams (County of), PA General Authority (Brethren Home Community (The))                                           | Adams (County of), PA General Authority (Brethren Home Community (The)), Series 2024, Ref. RB                                      | CUSIP: 006114AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1961765.20   | 0.99%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland (County of), PA Municipal Authority                                                                    | Cumberland (County of), PA Municipal Authority, Series 2015, Ref. RB                                                               | CUSIP: 230614TH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1591296.33   | 0.81%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Trustees University of Pennsylvania)      | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Trustees University of Pennsylvania), Series 2025, RB      | CUSIP: 70917TTC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2443658.00   | 1.24%             | 2055-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Delaware County Industrial Development Authority/PA                                                               | Delaware County Industrial Development Authority/PA, Series 2015, RB                                                               | CUSIP: 245903AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 1.01%             | 2045-09-01      | Variable      | 2.00%                 | 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        |   2570000 | PA      | $1794288.42   | 0.91%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority (University of Scranton)                                         | Scranton-Lackawanna Health and Welfare Authority (University of Scranton), Series 2025 A, Ref. RB                                  | CUSIP: 810694N88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020607.10   | 0.52%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority (University of Scranton)                                         | Scranton-Lackawanna Health and Welfare Authority (University of Scranton), Series 2025 A, Ref. RB                                  | CUSIP: 810694N96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $905290.90    | 0.46%             | 2055-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority                                           | Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2025, Ref. RB                                      | CUSIP: 708692CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097093.10   | 0.56%             | 2035-03-27      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp. (Garvee)                                                     | Virgin Islands Transportation & Infrastructure Corp. (Garvee), Series 2025, Ref. RB                                                | CUSIP: 927686AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1368853.71   | 0.69%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                                                 | Philadelphia Authority for Industrial Development, Series 2025, RB                                                                 | CUSIP: 71783DEB7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2414793.04   | 1.22%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                                                               | Allegheny County Sanitary Authority, Series 2025, RB                                                                               | CUSIP: 017357V27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7458794.70   | 3.77%             | 2058-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                                                                             | Cumberland County Municipal Authority, Series 2026, RB                                                                             | CUSIP: 230614UA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034221.20   | 1.03%             | 2056-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                                                                             | Cumberland County Municipal Authority, Series 2026, RB                                                                             | CUSIP: 230614UD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073969.20   | 0.54%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                                                                | Pittsburgh Water & Sewer Authority, Series 2026, RB                                                                                | CUSIP: 725304D63<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2627056.75   | 1.33%             | 2052-09-01      | 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      | $3681199.62   | 1.86%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System)                      | Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System), Series 2014 A, Ref. RB               | CUSIP: 613603TK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2440079.90   | 1.23%             | 2027-10-01      | 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      | $2366620.73   | 1.20%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                            | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                    | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2753855.17   | 1.39%             | 2031-07-01      | Fixed         | 5.25%                 | 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      | $1754206.83   | 0.89%             | 2042-06-30      | 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      | $3799999.24   | 1.92%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer