# EDGAR Filing Document

**Accession Number:** 0000788606
**File Stem:** 0001104659-25-071831
**Filing Date:** 2025-7
**Character Count:** 290032
**Document Hash:** 1a61381065dc4ba2d6cfc87a3537fa77
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-071831.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001104659-25-071831

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250729

**EFFECTIVENESS DATE**: 20250730

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD PENNSYLVANIA TAX-FREE FUNDS
- **CENTRAL INDEX KEY:** 0000788606

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04571
- **FILM NUMBER:** 251163226

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD PENNSYLVANIA TAX FREE FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD PENNSYLVANIA INSURED TAX FREE FUND
- **DATE OF NAME CHANGE:** 19880407

## Series and Classes Contracts Data

### Vanguard Pennsylvania Long-Term Tax-Exempt Fund (Series ID: S000002911)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000007976 | Investor Shares | VPAIX           |
| C000007977 | Admiral Shares  | VPALX           |

?xml version='1.0' encoding='ASCII'? Consolidated ssr-output-EDGAR XBRL File

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT**

**OF**

**REGISTERED MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number**: 811-04571**

---

| | |
|:---|:---|
| Name of Registrant: | **Vanguard Pennsylvania Tax-Free Funds** |
| Address of Registrant: | **P.O. Box 2600** |
|  | **Valley Forge, PA 19482** |

---

---

| | |
|:---|:---|
| Name and address of agent for service: | **Tonya T. Robinson, Esquire** |
|  | **P.O. Box 876** |
|  | **Valley Forge, PA 19482** |

---

Registrant's telephone number, including area code: **(610) 669-1000**

Date of fiscal year end: November 30

Date of reporting period: December 1, 2024—May 31, 2025

**Item 1: Reports to Shareholders.**

**TABLE OF CONTENTS**

---

| |
|:---|
|  [Pennsylvania Long-Term Tax-Exempt Fund](#classname9620218f-d2e8-4ecd-930c-24ea4c7b79dc)<br> **[Investor Shares - VPAIX](#classname9620218f-d2e8-4ecd-930c-24ea4c7b79dc)**  |
|  [Pennsylvania Long-Term Tax-Exempt Fund](#classnamefc862d4c-2eec-48bc-b969-3b69e0ffaa34)<br> **[Admiral™ Shares - VPALX](#classnamefc862d4c-2eec-48bc-b969-3b69e0ffaa34)**  |

---

# Vanguard Pennsylvania Long-Term Tax-Exempt Fund
![Image](tm2517409d2_tsrimg001.jpg)

# Investor Shares (VPAIX)

#### Semi-Annual Shareholder Report \| May 31, 2025
This semi-annual shareholder report contains important information about Vanguard Pennsylvania Long-Term Tax-Exempt Fund (the "Fund") for the period of December 1, 2024, to May 31, 2025. You can find additional information about the Fund at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature. You can also request this information by contacting us at 800-662-7447.

## What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Share Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Investor Shares | $7 | 0.15%<sup>Footnote Reference1</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>1</sup> | &nbsp;&nbsp;Annualized. |

---

## Fund Statistics (as of May 31, 2025)

---

| | |
|:---|:---|
| Fund Net Assets (in millions) | $3603 |
| Number of Portfolio Holdings | 1154 |
| Portfolio Turnover Rate | 12% |

---

## Distribution by Stated Maturity % of Net Assets (as of May 31, 2025)

---

| | |
|:---|:---|
| Less than 1 Year | 5.8% |
| 1 to 3 Years | 2.2% |
| 3 to 5 Years | 2.2% |
| 5 to 10 Years | 11.4% |
| 10 to 20 Years | 45.7% |
| 20 to 30 Years | 31.2% |
| Greater than 30 Years | 2.3% |
| Other Assets and Liabilities—Net | (0.8%) |

---

#### This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.

## Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.

**Connect with Vanguard<sup>®</sup>** • vanguard.com

**Fund Information** • 800-662-7447

**Direct Investor Account Services** • 800-662-2739

**Text Telephone for People Who Are Deaf or Hard of Hearing** •

800-749-7273© 2025 The Vanguard Group, Inc.

All rights reserved.

Vanguard Marketing Corporation, Distributor.

SR77

# Vanguard Pennsylvania Long-Term Tax-Exempt Fund
![Image](tm2517409d2_tsrimg001.jpg)

# Admiral™ Shares (VPALX)

#### Semi-Annual Shareholder Report \| May 31, 2025
This semi-annual shareholder report contains important information about Vanguard Pennsylvania Long-Term Tax-Exempt Fund (the "Fund") for the period of December 1, 2024, to May 31, 2025. You can find additional information about the Fund at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature. You can also request this information by contacting us at 800-662-7447.

## What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Share Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Admiral Shares | $4 | 0.09%<sup>Footnote Reference1</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>1</sup> | &nbsp;&nbsp;Annualized. |

---

## Fund Statistics (as of May 31, 2025)

---

| | |
|:---|:---|
| Fund Net Assets (in millions) | $3603 |
| Number of Portfolio Holdings | 1154 |
| Portfolio Turnover Rate | 12% |

---

## Distribution by Stated Maturity % of Net Assets (as of May 31, 2025)

---

| | |
|:---|:---|
| Less than 1 Year | 5.8% |
| 1 to 3 Years | 2.2% |
| 3 to 5 Years | 2.2% |
| 5 to 10 Years | 11.4% |
| 10 to 20 Years | 45.7% |
| 20 to 30 Years | 31.2% |
| Greater than 30 Years | 2.3% |
| Other Assets and Liabilities—Net | (0.8%) |

---

#### This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.

## Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.

**Connect with Vanguard<sup>®</sup>** • vanguard.com

**Fund Information** • 800-662-7447

**Direct Investor Account Services** • 800-662-2739

**Text Telephone for People Who Are Deaf or Hard of Hearing** •

800-749-7273© 2025 The Vanguard Group, Inc.

All rights reserved.

Vanguard Marketing Corporation, Distributor.

SR577

**Item 2: Code of Ethics.**

Not applicable.

**Item 3**: **Audit Committee Financial Expert.**

Not applicable.

**Item 4**: **Principal Accountant Fees and Services.**

Not applicable.

**Item 5: Audit Committee of Listed Registrants.**

Not applicable.

**Item 6**: **Investments.**

Not applicable. The complete schedule of investments is included in the financial statements filed under Item 7 of this Form.

**Item 7**: **Financial Statements and Financial Highlights for Open-End Management Investment Companies.**

![](tm2517409d2penntxfrefdsfi001.jpg)

#### Financial Statements

#### For the six-months ended May 31, 2025

#### Vanguard Pennsylvania Long-Term Tax-Exempt Fund

------

#### Contents
Financial Statements 1 <br>

------

Pennsylvania Long-Term Tax-Exempt Fund

Financial Statements (unaudited)

#### Schedule of Investments
As of May 31, 2025

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund's Form N-PORT reports are available on the SEC's website at www.sec.gov.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
| **Tax-Exempt Municipal Bonds (100.7%)** | **Tax-Exempt Municipal Bonds (100.7%)** | **Tax-Exempt Municipal Bonds (100.7%)** | **Tax-Exempt Municipal Bonds (100.7%)** | **Tax-Exempt Municipal Bonds (100.7%)** | **Tax-Exempt Municipal Bonds (100.7%)** |
| **Pennsylvania (99.3%)** | **Pennsylvania (99.3%)** | **Pennsylvania (99.3%)** | **Pennsylvania (99.3%)** | **Pennsylvania (99.3%)** | **Pennsylvania (99.3%)** |
|  | &nbsp;&nbsp;&nbsp;Abington School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 2555 | &nbsp;&nbsp; 2433 |
|  | &nbsp;&nbsp;&nbsp;Adams County General Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/33 | &nbsp;&nbsp;&nbsp;&nbsp; 795 | &nbsp;&nbsp; 859 |
|  | &nbsp;&nbsp;&nbsp;Adams County General Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 885 | &nbsp;&nbsp; 955 |
|  | &nbsp;&nbsp;&nbsp;Adams County General Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1035 | &nbsp;&nbsp; 1104 |
|  | &nbsp;&nbsp;&nbsp;Adams County General Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1195 | &nbsp;&nbsp; 1232 |
|  | &nbsp;&nbsp;&nbsp;Adams County General Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 745 |
|  | &nbsp;&nbsp;&nbsp;Adams County General Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/50 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4841 |
|  | &nbsp;&nbsp;&nbsp;Adams County General Authority Health, Hospital, Nursing Home Revenue (The Brethren Home Community Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1774 |
|  | &nbsp;&nbsp;&nbsp;Adams County General Authority Health, Hospital, Nursing Home Revenue (The Brethren Home Community Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 2350 | &nbsp;&nbsp; 2275 |
|  | &nbsp;&nbsp;&nbsp;Adams County General Authority Health, Hospital, Nursing Home Revenue (The Brethren Home Community Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 3100 | &nbsp;&nbsp; 2847 |
|  | &nbsp;&nbsp;&nbsp;Adams County General Authority Health, Hospital, Nursing Home Revenue (The Brethren Home Community Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/59 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1812 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Allegheny County Airport Authority Port, Airport & Marina Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1037 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Airport Authority Port, Airport & Marina Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 5250 | &nbsp;&nbsp; 5273 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Allegheny County Airport Authority Port, Airport & Marina Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1029 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Airport Authority Port, Airport & Marina Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/56 | &nbsp;&nbsp;&nbsp;&nbsp; 9000 | &nbsp;&nbsp; 8994 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Higher Education Building Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1050 | &nbsp;&nbsp; 1005 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Higher Education Building Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;10/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 920 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Higher Education Building Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1105 | &nbsp;&nbsp; 1037 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Higher Education Building Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1842 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Higher Education Building Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 2120 | &nbsp;&nbsp; 1917 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Higher Education Building Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 2665 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Higher Education Building Authority College & University Revenue, Prere. | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/26 | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp; 10 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2061 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 4750 | &nbsp;&nbsp; 4881 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 5500 | &nbsp;&nbsp; 5633 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2530 | &nbsp;&nbsp; 2478 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 5250 | &nbsp;&nbsp; 5358 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;11190 | &nbsp;&nbsp; 10834 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 5250 | &nbsp;&nbsp; 5016 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 2250 | &nbsp;&nbsp; 2112 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1390 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;26585 | &nbsp;&nbsp; 23011 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/47 | &nbsp;&nbsp;&nbsp;&nbsp;10515 | &nbsp;&nbsp; 10251 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allegheny County IDA Charter School Aid Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/31 | &nbsp;&nbsp;&nbsp;&nbsp; 905 | &nbsp;&nbsp; 815 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allegheny County IDA Charter School Aid Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1895 | &nbsp;&nbsp; 1553 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County IDA Charter School Aid Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2815 | &nbsp;&nbsp; 2338 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allegheny County IDA Charter School Aid Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/51 | &nbsp;&nbsp;&nbsp;&nbsp; 3165 | &nbsp;&nbsp; 2354 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County IDA Charter School Aid Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/51 | &nbsp;&nbsp;&nbsp;&nbsp; 2100 | &nbsp;&nbsp; 1575 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County IDA Charter School Aid Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/56 | &nbsp;&nbsp;&nbsp;&nbsp; 2335 | &nbsp;&nbsp; 1698 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County IDA Industrial Revenue | 5.125% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 145 | &nbsp;&nbsp; 151 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;Allegheny County IDA Private Schools Revenue VRDO | 1.950% | &nbsp;&nbsp;&nbsp;&nbsp; 6/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2895 | &nbsp;&nbsp; 2895 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1225 | &nbsp;&nbsp; 1227 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1582 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1311 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 575 | &nbsp;&nbsp; 597 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 3560 | &nbsp;&nbsp; 3196 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 305 | &nbsp;&nbsp; 262 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5110 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 4510 | &nbsp;&nbsp; 4580 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp; 1102 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp; 520 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1125 | &nbsp;&nbsp; 955 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp; 4975 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1965 | &nbsp;&nbsp; 1854 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1255 | &nbsp;&nbsp; 1309 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1305 | &nbsp;&nbsp; 1196 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 5.750% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5326 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 1435 | &nbsp;&nbsp; 1458 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 5.750% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;10500 | &nbsp;&nbsp; 11054 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 7350 | &nbsp;&nbsp; 7392 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/55 | &nbsp;&nbsp;&nbsp;&nbsp; 1410 | &nbsp;&nbsp; 1416 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority Sewer Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/55 | &nbsp;&nbsp;&nbsp;&nbsp; 3250 | &nbsp;&nbsp; 3328 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Allegheny Valley Joint School District GO | 2.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 425 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 3075 | &nbsp;&nbsp; 3220 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 1465 | &nbsp;&nbsp; 1488 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1502 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp; 1348 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1175 | &nbsp;&nbsp; 1169 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2027 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp; 1078 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1520 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 830 | &nbsp;&nbsp; 854 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 910 | &nbsp;&nbsp; 935 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Allentown City School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 513 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allentown Commercial & IDA Charter School Aid Revenue (Executive Education Academy Charter School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1474 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allentown Commercial & IDA Charter School Aid Revenue (Executive Education Academy Charter School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1407 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allentown Commercial & IDA Charter School Aid Revenue (Executive Education Academy Charter School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 2345 | &nbsp;&nbsp; 2154 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allentown Commercial & IDA Charter School Aid Revenue (Executive Education Academy Charter School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/59 | &nbsp;&nbsp;&nbsp;&nbsp; 3250 | &nbsp;&nbsp; 2914 |
|  | &nbsp;&nbsp;&nbsp;Allentown Commercial & IDA Charter School Aid Revenue (Lincoln Leadership Academy Charter School Project) | 6.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/53 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1020 |
|  | &nbsp;&nbsp;&nbsp;Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp; 1159 |
|  | &nbsp;&nbsp;&nbsp;Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 2250 | &nbsp;&nbsp; 2362 |
|  | &nbsp;&nbsp;&nbsp;Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1048 |
|  | &nbsp;&nbsp;&nbsp;Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 3130 | &nbsp;&nbsp; 3258 |
|  | &nbsp;&nbsp;&nbsp;Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;10375 | &nbsp;&nbsp; 10451 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue | 6.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 3100 | &nbsp;&nbsp; 3169 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) | 5.125% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 1135 | &nbsp;&nbsp; 1148 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2040 | &nbsp;&nbsp; 2005 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) | 5.375% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 3750 | &nbsp;&nbsp; 3669 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Altoona Area School District GO, Prere. | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1515 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Altoona PA GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 3165 | &nbsp;&nbsp; 2858 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Armstrong School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 5605 | &nbsp;&nbsp; 5138 |
|  | &nbsp;&nbsp;&nbsp;Avon Grove School District Chester County GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1085 | &nbsp;&nbsp; 1067 |
|  | &nbsp;&nbsp;&nbsp;Avon Grove School District Chester County GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 969 |
|  | &nbsp;&nbsp;&nbsp;Avon Grove School District Chester County GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp; 665 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Beaver County PA GO, Prere. | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/15/28 | &nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp; 52 |
|  | &nbsp;&nbsp;&nbsp;Berks County IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 375 | &nbsp;&nbsp; 376 |
|  | &nbsp;&nbsp;&nbsp;Berks County IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2505 |
|  | &nbsp;&nbsp;&nbsp;Berks County Municipal Authority College & University Revenue (Alvernia University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1578 |
|  | &nbsp;&nbsp;&nbsp;Berks County Municipal Authority College & University Revenue (Alvernia University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 820 |
|  | &nbsp;&nbsp;&nbsp;Bethel Park Municipal Authority Lease Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 3210 | &nbsp;&nbsp; 2370 |
|  | &nbsp;&nbsp;&nbsp;Bethel Park School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1307 |
|  | &nbsp;&nbsp;&nbsp;Bethel Park School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3095 |
|  | &nbsp;&nbsp;&nbsp;Bethel Park School District GO | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2671 |
|  | &nbsp;&nbsp;&nbsp;Bethel Park School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3081 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bethlehem Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp; 664 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bethlehem Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 823 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bethlehem Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1094 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bethlehem Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 814 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bethlehem Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1062 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bethlehem Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp; 735 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bethlehem Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp; 416 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bethlehem Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 517 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bethlehem Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 516 |
|  | &nbsp;&nbsp;&nbsp;Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1440 |
|  | &nbsp;&nbsp;&nbsp;Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1220 | &nbsp;&nbsp; 1243 |
|  | &nbsp;&nbsp;&nbsp;Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1275 | &nbsp;&nbsp; 1290 |
|  | &nbsp;&nbsp;&nbsp;Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1340 | &nbsp;&nbsp; 1345 |
|  | &nbsp;&nbsp;&nbsp;Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 4360 | &nbsp;&nbsp; 4352 |
|  | &nbsp;&nbsp;&nbsp;Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 3970 | &nbsp;&nbsp; 3997 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Blue Mountain School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/25 | &nbsp;&nbsp;&nbsp;&nbsp; 385 | &nbsp;&nbsp; 385 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Blue Mountain School District GO, ETM | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/25 | &nbsp;&nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp; 75 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Boyertown Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp; 416 |
|  | &nbsp;&nbsp;&nbsp;Boyertown Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 513 |
|  | &nbsp;&nbsp;&nbsp;Boyertown Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 511 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bristol Township School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1466 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bristol Township School District GO | 4.125% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1850 | &nbsp;&nbsp; 1813 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Bristol Township School District GO | 4.125% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1959 |
|  | &nbsp;&nbsp;&nbsp;Bucks County IDA College & University Revenue (Delaware Valley University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1205 | &nbsp;&nbsp; 1148 |
|  | &nbsp;&nbsp;&nbsp;Bucks County IDA College & University Revenue (Delaware Valley University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 1205 | &nbsp;&nbsp; 1041 |
|  | &nbsp;&nbsp;&nbsp;Bucks County IDA College & University Revenue (Delaware Valley University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1280 | &nbsp;&nbsp; 1068 |
|  | &nbsp;&nbsp;&nbsp;Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 1050 | &nbsp;&nbsp; 861 |
|  | &nbsp;&nbsp;&nbsp;Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 5005 | &nbsp;&nbsp; 3874 |
|  | &nbsp;&nbsp;&nbsp;Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 550 | &nbsp;&nbsp; 536 |
|  | &nbsp;&nbsp;&nbsp;Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/50 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 2006 |
|  | &nbsp;&nbsp;&nbsp;Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/50 | &nbsp;&nbsp;&nbsp;&nbsp; 3090 | &nbsp;&nbsp; 2559 |
|  | &nbsp;&nbsp;&nbsp;Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/53 | &nbsp;&nbsp;&nbsp;&nbsp;10160 | &nbsp;&nbsp; 6615 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/53 | &nbsp;&nbsp;&nbsp;&nbsp;13540 | &nbsp;&nbsp; 9080 |
|  | &nbsp;&nbsp;&nbsp;Bucks County IDA Private Schools Revenue (George School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/44 | &nbsp;&nbsp;&nbsp;&nbsp; 4965 | &nbsp;&nbsp; 5090 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Bucks County Water & Sewer Authority Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 450 | &nbsp;&nbsp; 485 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Bucks County Water & Sewer Authority Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 536 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Bucks County Water & Sewer Authority Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 850 | &nbsp;&nbsp; 905 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Bucks County Water & Sewer Authority Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1625 | &nbsp;&nbsp; 1726 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Bucks County Water & Sewer Authority Sewer Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1636 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Bucks County Water & Sewer Authority Sewer Revenue | 4.250% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 1925 | &nbsp;&nbsp; 1784 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Bucks County Water & Sewer Authority Sewer Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 2175 | &nbsp;&nbsp; 2281 |
|  | &nbsp;&nbsp;&nbsp;Butler County Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/26 | &nbsp;&nbsp;&nbsp;&nbsp; 525 | &nbsp;&nbsp; 525 |
|  | &nbsp;&nbsp;&nbsp;Butler County Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp; 490 | &nbsp;&nbsp; 490 |
|  | &nbsp;&nbsp;&nbsp;Butler County Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp; 1010 | &nbsp;&nbsp; 1010 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Canon Mcmillan School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3035 |
|  | &nbsp;&nbsp;&nbsp;Capital Region Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 520 |
|  | &nbsp;&nbsp;&nbsp;Capital Region Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1028 |
|  | &nbsp;&nbsp;&nbsp;Capital Region Water Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1022 |
|  | &nbsp;&nbsp;&nbsp;Capital Region Water Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1815 | &nbsp;&nbsp; 1843 |
|  | &nbsp;&nbsp;&nbsp;Capital Region Water Sewer Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2665 | &nbsp;&nbsp; 2676 |
|  | &nbsp;&nbsp;&nbsp;Central Bradford Progress Authority Health, Hospital, Nursing Home Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1135 |
|  | &nbsp;&nbsp;&nbsp;Central Bradford Progress Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp; 12854 |
|  | &nbsp;&nbsp;&nbsp;Central Bucks School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1282 |
|  | &nbsp;&nbsp;&nbsp;Central Bucks School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/50 | &nbsp;&nbsp;&nbsp;&nbsp; 2260 | &nbsp;&nbsp; 2303 |
|  | &nbsp;&nbsp;&nbsp;Central Dauphin School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1985 | &nbsp;&nbsp; 1989 |
|  | &nbsp;&nbsp;&nbsp;Centre County Hospital Authority Health, Hospital, Nursing Home Revenue (Mount Nittany Medical Center Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1501 |
|  | &nbsp;&nbsp;&nbsp;Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 2675 | &nbsp;&nbsp; 2742 |
|  | &nbsp;&nbsp;&nbsp;Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2337 |
|  | &nbsp;&nbsp;&nbsp;Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 3415 | &nbsp;&nbsp; 2553 |
|  | &nbsp;&nbsp;&nbsp;Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;15500 | &nbsp;&nbsp; 12586 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Chester County IDA Charter School Aid Revenue | 4.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1080 | &nbsp;&nbsp; 939 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Chester County IDA Charter School Aid Revenue | 4.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 805 | &nbsp;&nbsp; 697 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Chester County IDA Charter School Aid Revenue | 4.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 645 | &nbsp;&nbsp; 547 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Chester County IDA Charter School Aid Revenue | 4.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/64 | &nbsp;&nbsp;&nbsp;&nbsp; 1280 | &nbsp;&nbsp; 1048 |
|  | &nbsp;&nbsp;&nbsp;Chester County IDA Recreational Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4411 |
|  | &nbsp;&nbsp;&nbsp;Chester County IDA Recreational Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4262 |
|  | &nbsp;&nbsp;&nbsp;Chester County IDA Recreational Revenue (Longwood Gardens Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1034 |
|  | &nbsp;&nbsp;&nbsp;Chester County IDA Recreational Revenue (Longwood Gardens Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 3215 | &nbsp;&nbsp; 3270 |
|  | &nbsp;&nbsp;&nbsp;Chester County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 538 |
|  | &nbsp;&nbsp;&nbsp;Chester County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp; 748 |
|  | &nbsp;&nbsp;&nbsp;Chester County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1594 |
|  | &nbsp;&nbsp;&nbsp;Chester County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2630 |
|  | &nbsp;&nbsp;&nbsp;Chester County School Authority Lease Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1026 |
|  | &nbsp;&nbsp;&nbsp;Chester County School Authority Lease Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp; 918 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Coatesville School District GO | 4.250% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/39 | &nbsp;&nbsp;&nbsp;&nbsp;12000 | &nbsp;&nbsp; 11628 |
| <sup>5,6</sup> | &nbsp;&nbsp;&nbsp;Coatesville School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 2200 | &nbsp;&nbsp; 2327 |
| <sup>5,6</sup> | &nbsp;&nbsp;&nbsp;Coatesville School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2624 |
| <sup>5,6</sup> | &nbsp;&nbsp;&nbsp;Coatesville School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2600 |
| <sup>5,6</sup> | &nbsp;&nbsp;&nbsp;Coatesville School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1175 | &nbsp;&nbsp; 1213 |
|  | &nbsp;&nbsp;&nbsp;Colonial School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 350 | &nbsp;&nbsp; 294 |
|  | &nbsp;&nbsp;&nbsp;Colonial School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp; 582 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority Appropriations Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1898 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority Appropriations Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1097 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority Tobacco Settlement Funded Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4123 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority Tobacco Settlement Funded Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 7190 | &nbsp;&nbsp; 7457 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority Tobacco Settlement Funded Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp; 7241 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority Tobacco Settlement Funded Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4098 |
| <sup>1,7</sup> | &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority Tobacco Settlement Funded Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;38875 | &nbsp;&nbsp; 35748 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania COP | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 845 | &nbsp;&nbsp; 871 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania COP | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1028 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania COP | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 875 | &nbsp;&nbsp; 897 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania COP | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1022 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1420 | &nbsp;&nbsp; 1426 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2275 | &nbsp;&nbsp; 2288 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 10118 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/26 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5132 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/26 | &nbsp;&nbsp;&nbsp;&nbsp; 525 | &nbsp;&nbsp; 539 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/26 | &nbsp;&nbsp;&nbsp;&nbsp; 9050 | &nbsp;&nbsp; 9295 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 10256 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;12500 | &nbsp;&nbsp; 13331 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 8200 | &nbsp;&nbsp; 8998 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5243 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 9300 | &nbsp;&nbsp; 10412 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp; 15215 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 10117 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5528 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 5500 | &nbsp;&nbsp; 5510 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;14300 | &nbsp;&nbsp; 13185 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp; 13819 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp; 16454 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 490 | &nbsp;&nbsp; 431 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 8847 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1375 | &nbsp;&nbsp; 1192 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 9948 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 4795 | &nbsp;&nbsp; 4795 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;12975 | &nbsp;&nbsp; 10875 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 2.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp; 5097 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 10695 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 2.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 7375 | &nbsp;&nbsp; 5208 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 8815 | &nbsp;&nbsp; 8656 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 2.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 6750 | &nbsp;&nbsp; 4618 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;10050 | &nbsp;&nbsp; 9831 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5297 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 2.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3800 | &nbsp;&nbsp; 2519 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4829 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 9654 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;37130 | &nbsp;&nbsp; 35476 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 9551 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 9000 | &nbsp;&nbsp; 8514 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;20000 | &nbsp;&nbsp; 18745 |
|  | &nbsp;&nbsp;&nbsp;Conestoga Valley School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1240 | &nbsp;&nbsp; 1088 |
|  | &nbsp;&nbsp;&nbsp;Conestoga Valley School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 850 | &nbsp;&nbsp; 726 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Conrad Weiser Area School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 340 | &nbsp;&nbsp; 340 |
|  | &nbsp;&nbsp;&nbsp;Cornwall Lebanon School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/51 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2010 |
|  | &nbsp;&nbsp;&nbsp;Cornwall Lebanon School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/55 | &nbsp;&nbsp;&nbsp;&nbsp; 4500 | &nbsp;&nbsp; 4477 |
|  | &nbsp;&nbsp;&nbsp;Council Rock School District GO | 2.050% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1085 | &nbsp;&nbsp; 890 |
|  | &nbsp;&nbsp;&nbsp;Council Rock School District GO | 3.250% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 5010 | &nbsp;&nbsp; 4272 |
|  | &nbsp;&nbsp;&nbsp;Council Rock School District GO | 2.050% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 1842 |
|  | &nbsp;&nbsp;&nbsp;Cumberland County Municipal Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1420 | &nbsp;&nbsp; 1435 |
|  | &nbsp;&nbsp;&nbsp;Cumberland County Municipal Authority College & University Revenue (Dickinson College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 4685 | &nbsp;&nbsp; 4770 |
|  | &nbsp;&nbsp;&nbsp;Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1400 | &nbsp;&nbsp; 1357 |
|  | &nbsp;&nbsp;&nbsp;Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 2475 | &nbsp;&nbsp; 2072 |
|  | &nbsp;&nbsp;&nbsp;Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 7185 | &nbsp;&nbsp; 6218 |
|  | &nbsp;&nbsp;&nbsp;Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4026 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Cumberland Valley School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 520 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Cumberland Valley School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 3480 | &nbsp;&nbsp; 3583 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Cumberland Valley School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 515 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Cumberland Valley School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1540 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Cumberland Valley School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 2300 | &nbsp;&nbsp; 2348 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Cumberland Valley School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 3600 | &nbsp;&nbsp; 3655 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Cumberland Valley School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 2075 | &nbsp;&nbsp; 2100 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Cumberland Valley School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 2150 | &nbsp;&nbsp; 2165 |
|  | &nbsp;&nbsp;&nbsp;Dallastown Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp; 1257 |
|  | &nbsp;&nbsp;&nbsp;Dallastown Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 4255 | &nbsp;&nbsp; 4422 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Dauphin County General Authority College & University Revenue (The Harrisburg University of Science & Technology Project) | 5.125% | &nbsp;&nbsp;&nbsp;&nbsp;10/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 702 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Dauphin County General Authority College & University Revenue (The Harrisburg University of Science & Technology Project) | 6.250% | &nbsp;&nbsp;&nbsp;&nbsp;10/15/53 | &nbsp;&nbsp;&nbsp;&nbsp; 1615 | &nbsp;&nbsp; 1165 |
|  | &nbsp;&nbsp;&nbsp;Dauphin County General Authority Health, Hospital, Nursing Home Revenue (Pinnacle Health System Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 3745 | &nbsp;&nbsp; 3764 |
|  | &nbsp;&nbsp;&nbsp;Dauphin County General Authority Health, Hospital, Nursing Home Revenue (Pinnacle Health System Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 2190 | &nbsp;&nbsp; 2199 |
|  | &nbsp;&nbsp;&nbsp;Dauphin County General Authority Health, Hospital, Nursing Home Revenue (Pinnacle Health System Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 2070 | &nbsp;&nbsp; 2077 |
|  | &nbsp;&nbsp;&nbsp;Dauphin County General Authority Health, Hospital, Nursing Home Revenue (Pinnacle Health System Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 3925 | &nbsp;&nbsp; 3953 |
|  | &nbsp;&nbsp;&nbsp;Dauphin County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 4590 | &nbsp;&nbsp; 4746 |
|  | &nbsp;&nbsp;&nbsp;Dauphin County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2572 |
|  | &nbsp;&nbsp;&nbsp;Dauphin County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/44 | &nbsp;&nbsp;&nbsp;&nbsp; 2225 | &nbsp;&nbsp; 2279 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Deer Creek Drainage Basin Authority Sewer Revenue | 2.375% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 459 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Deer Creek Drainage Basin Authority Sewer Revenue | 2.500% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1160 |
|  | &nbsp;&nbsp;&nbsp;Delaware County Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2215 | &nbsp;&nbsp; 2168 |
|  | &nbsp;&nbsp;&nbsp;Delaware County Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 4500 | &nbsp;&nbsp; 4150 |
|  | &nbsp;&nbsp;&nbsp;Delaware County Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 6720 | &nbsp;&nbsp; 6753 |
|  | &nbsp;&nbsp;&nbsp;Delaware County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 4740 | &nbsp;&nbsp; 4863 |
|  | &nbsp;&nbsp;&nbsp;Delaware County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 3210 | &nbsp;&nbsp; 3280 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Delaware County Vocational & Technical School Authority Lease (Appropriation) Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2136 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Delaware River Joint Toll Bridge Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 3970 |
|  | &nbsp;&nbsp;&nbsp;Delaware River Joint Toll Bridge Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 3500 | &nbsp;&nbsp; 3591 |
|  | &nbsp;&nbsp;&nbsp;Delaware River Joint Toll Bridge Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;13930 | &nbsp;&nbsp; 14040 |
|  | &nbsp;&nbsp;&nbsp;Delaware River Port Authority Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2600 |
|  | &nbsp;&nbsp;&nbsp;Delaware Valley Regional Finance Authority Indirect Ad Valorem Property Revenue | 5.750% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 6885 | &nbsp;&nbsp; 7810 |
|  | &nbsp;&nbsp;&nbsp;Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp; 6159 |
|  | &nbsp;&nbsp;&nbsp;Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp; 6127 |
|  | &nbsp;&nbsp;&nbsp;Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2542 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue VRDO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp; 5605 | &nbsp;&nbsp; 5605 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 1015 | &nbsp;&nbsp; 1063 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue | 5.375% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1056 |
|  | &nbsp;&nbsp;&nbsp;Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 2545 | &nbsp;&nbsp; 2184 |
|  | &nbsp;&nbsp;&nbsp;Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 3285 | &nbsp;&nbsp; 3220 |
|  | &nbsp;&nbsp;&nbsp;Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 2925 | &nbsp;&nbsp; 2881 |
|  | &nbsp;&nbsp;&nbsp;Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue, Prere. | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/26 | &nbsp;&nbsp;&nbsp;&nbsp; 755 | &nbsp;&nbsp; 769 |
|  | &nbsp;&nbsp;&nbsp;DuBois Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/32 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 743 |
|  | &nbsp;&nbsp;&nbsp;DuBois Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 980 |
|  | &nbsp;&nbsp;&nbsp;DuBois Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 485 |
|  | &nbsp;&nbsp;&nbsp;DuBois Hospital Authority Health, Hospital, Nursing Home Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 635 | &nbsp;&nbsp; 485 |
|  | &nbsp;&nbsp;&nbsp;DuBois Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 760 | &nbsp;&nbsp; 716 |
|  | &nbsp;&nbsp;&nbsp;DuBois Hospital Authority Health, Hospital, Nursing Home Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/46 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 1969 |
|  | &nbsp;&nbsp;&nbsp;DuBois Hospital Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/48 | &nbsp;&nbsp;&nbsp;&nbsp; 7050 | &nbsp;&nbsp; 5336 |
|  | &nbsp;&nbsp;&nbsp;DuBois Hospital Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/51 | &nbsp;&nbsp;&nbsp;&nbsp; 5405 | &nbsp;&nbsp; 3967 |
|  | &nbsp;&nbsp;&nbsp;East Hempfield Township IDA Local or Guaranteed Housing Revenue (Student Services Inc. Student Housing Project), Prere. | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/25 | &nbsp;&nbsp;&nbsp;&nbsp; 825 | &nbsp;&nbsp; 826 |
|  | &nbsp;&nbsp;&nbsp;East Hempfield Township IDA Local or Guaranteed Housing Revenue (Student Services Inc. Student Housing Project), Prere. | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3750 | &nbsp;&nbsp; 3755 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Ellwood City Area School District GO | 4.500% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1305 | &nbsp;&nbsp; 1227 |
|  | &nbsp;&nbsp;&nbsp;Erie City Water Authority Water Revenue, Prere. | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/26 | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp; 31 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (AICUP Financing Program) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/26 | &nbsp;&nbsp;&nbsp;&nbsp; 250 | &nbsp;&nbsp; 253 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (AICUP Financing Program) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/28 | &nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp; 309 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (AICUP Financing Program) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 315 | &nbsp;&nbsp; 328 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (AICUP Financing Program) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 375 | &nbsp;&nbsp; 389 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (AICUP Financing Program) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1270 | &nbsp;&nbsp; 1291 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (AICUP Financing Program) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 955 | &nbsp;&nbsp; 870 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (AICUP Financing Program) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 470 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (Gannon University Project - AICUP Financing Program) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp; 369 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (Gannon University Project - AICUP Financing Program) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 475 | &nbsp;&nbsp; 397 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (Gannon University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 1325 | &nbsp;&nbsp; 1336 |
|  | &nbsp;&nbsp;&nbsp;Erie Higher Education Building Authority College & University Revenue (Gannon University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1395 | &nbsp;&nbsp; 1404 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Erie School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/27 | &nbsp;&nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp; 155 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Erie School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 3360 | &nbsp;&nbsp; 3204 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;Fayette County PA Hospital Authority Health, Hospital, Nursing Home Revenue VRDO | 1.950% | &nbsp;&nbsp;&nbsp;&nbsp; 6/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1290 | &nbsp;&nbsp; 1290 |
|  | &nbsp;&nbsp;&nbsp;Fox Chapel Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2037 |
|  | &nbsp;&nbsp;&nbsp;Franklin County PA IDA Health, Hospital, Nursing Home Revenue (Haven Inc. Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 3400 | &nbsp;&nbsp; 2909 |
|  | &nbsp;&nbsp;&nbsp;Franklin County PA IDA Health, Hospital, Nursing Home Revenue (Haven Inc. Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 4050 | &nbsp;&nbsp; 3341 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Gateway School District Alleghany County GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp;10/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp; 1138 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Gateway School District Alleghany County GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp;10/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2375 | &nbsp;&nbsp; 1818 |
|  | &nbsp;&nbsp;&nbsp;Geisinger Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;15125 | &nbsp;&nbsp; 14130 |
|  | &nbsp;&nbsp;&nbsp;Geisinger Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 4045 | &nbsp;&nbsp; 3660 |
|  | &nbsp;&nbsp;&nbsp;Geisinger Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1690 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Geisinger Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;27485 | &nbsp;&nbsp; 22791 |
|  | &nbsp;&nbsp;&nbsp;Geisinger Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp; 7407 |
|  | &nbsp;&nbsp;&nbsp;General Authority of Southcentral Pennsylvania College & University Revenue (AICUP Financing Program - York College of Pennsylvania Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 9744 |
|  | &nbsp;&nbsp;&nbsp;Gettysburg Area School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp; 1202 |
|  | &nbsp;&nbsp;&nbsp;Hatboro-Horsham School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp; 424 |
|  | &nbsp;&nbsp;&nbsp;Hatboro-Horsham School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 550 | &nbsp;&nbsp; 576 |
|  | &nbsp;&nbsp;&nbsp;Hatboro-Horsham School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1043 |
|  | &nbsp;&nbsp;&nbsp;Hatboro-Horsham School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/51 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2073 |
|  | &nbsp;&nbsp;&nbsp;Haverford Township School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp; 50 |
|  | &nbsp;&nbsp;&nbsp;Haverford Township School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp; 419 |
|  | &nbsp;&nbsp;&nbsp;Haverford Township School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 580 | &nbsp;&nbsp; 604 |
|  | &nbsp;&nbsp;&nbsp;Haverford Township School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1041 |
|  | &nbsp;&nbsp;&nbsp;Haverford Township School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 450 | &nbsp;&nbsp; 466 |
|  | &nbsp;&nbsp;&nbsp;Haverford Township School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 777 |
|  | &nbsp;&nbsp;&nbsp;Haverford Township School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 635 | &nbsp;&nbsp; 654 |
|  | &nbsp;&nbsp;&nbsp;Haverford Township School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp; 929 |
|  | &nbsp;&nbsp;&nbsp;Haverford Township School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/44 | &nbsp;&nbsp;&nbsp;&nbsp; 575 | &nbsp;&nbsp; 591 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Hempfield Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/48 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5094 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Indiana County IDA Local or Guaranteed Housing Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1320 | &nbsp;&nbsp; 1404 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Indiana County IDA Local or Guaranteed Housing Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1390 | &nbsp;&nbsp; 1467 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Indiana County IDA Local or Guaranteed Housing Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1460 | &nbsp;&nbsp; 1532 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Indiana County IDA Local or Guaranteed Housing Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1530 | &nbsp;&nbsp; 1595 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Indiana County IDA Local or Guaranteed Housing Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1605 | &nbsp;&nbsp; 1664 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Indiana County IDA Local or Guaranteed Housing Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1035 | &nbsp;&nbsp; 960 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Indiana County IDA Local or Guaranteed Housing Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 3510 | &nbsp;&nbsp; 3583 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Interboro School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1445 | &nbsp;&nbsp; 1328 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Interboro School District GO | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/63 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2599 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Jefferson County PA Hospital Authority Health, Hospital, Nursing Home Revenue | 4.500% | &nbsp;&nbsp;&nbsp;&nbsp; 1/15/27 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1003 |
|  | &nbsp;&nbsp;&nbsp;Kennett Consolidated School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 530 |
|  | &nbsp;&nbsp;&nbsp;Kennett Consolidated School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 275 | &nbsp;&nbsp; 290 |
|  | &nbsp;&nbsp;&nbsp;Kennett Consolidated School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 475 | &nbsp;&nbsp; 493 |
|  | &nbsp;&nbsp;&nbsp;Kennett Consolidated School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 325 | &nbsp;&nbsp; 339 |
|  | &nbsp;&nbsp;&nbsp;Kennett Consolidated School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1240 | &nbsp;&nbsp; 1284 |
|  | &nbsp;&nbsp;&nbsp;Kennett Consolidated School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/44 | &nbsp;&nbsp;&nbsp;&nbsp; 550 | &nbsp;&nbsp; 566 |
|  | &nbsp;&nbsp;&nbsp;Kennett Consolidated School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 514 |
|  | &nbsp;&nbsp;&nbsp;Kennett Consolidated School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/48 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1023 |
|  | &nbsp;&nbsp;&nbsp;Kennett Consolidated School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/51 | &nbsp;&nbsp;&nbsp;&nbsp; 5050 | &nbsp;&nbsp; 5136 |
|  | &nbsp;&nbsp;&nbsp;Lackawanna County IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp; 890 |
|  | &nbsp;&nbsp;&nbsp;Lackawanna County IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 625 | &nbsp;&nbsp; 611 |
|  | &nbsp;&nbsp;&nbsp;Lackawanna County IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 6700 | &nbsp;&nbsp; 6120 |
|  | &nbsp;&nbsp;&nbsp;Lampeter Strasburg School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp; 626 |
|  | &nbsp;&nbsp;&nbsp;Lampeter Strasburg School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 725 | &nbsp;&nbsp; 751 |
|  | &nbsp;&nbsp;&nbsp;Lampeter Strasburg School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2675 | &nbsp;&nbsp; 2753 |
|  | &nbsp;&nbsp;&nbsp;Lampeter Strasburg School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2750 | &nbsp;&nbsp; 2814 |
|  | &nbsp;&nbsp;&nbsp;Lampeter Strasburg School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2760 | &nbsp;&nbsp; 2814 |
|  | &nbsp;&nbsp;&nbsp;Lampeter Strasburg School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1425 | &nbsp;&nbsp; 1449 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County Convention Center Authority Hotel Occupancy Tax Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 2900 | &nbsp;&nbsp; 2540 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County Convention Center Authority Hotel Occupancy Tax Revenue | 4.750% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1890 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 502 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 448 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 8825 | &nbsp;&nbsp; 8834 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;16190 | &nbsp;&nbsp; 15719 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/25 | &nbsp;&nbsp;&nbsp;&nbsp; 715 | &nbsp;&nbsp; 715 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 752 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp; 1302 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 725 | &nbsp;&nbsp; 725 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 550 | &nbsp;&nbsp; 508 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Homes Project) VRDO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp; 6660 | &nbsp;&nbsp; 6660 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Villages Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 810 | &nbsp;&nbsp; 878 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Villages Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 630 | &nbsp;&nbsp; 682 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Villages Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 235 | &nbsp;&nbsp; 254 |
|  | &nbsp;&nbsp;&nbsp;Lancaster Higher Education Authority College & University Revenue (Elizabeth College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1022 |
|  | &nbsp;&nbsp;&nbsp;Lancaster Higher Education Authority College & University Revenue (Elizabeth College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 2709 |
|  | &nbsp;&nbsp;&nbsp;Lancaster Higher Education Authority College & University Revenue (Elizabeth College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 3506 |
|  | &nbsp;&nbsp;&nbsp;Lancaster IDA Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 1425 | &nbsp;&nbsp; 1158 |
|  | &nbsp;&nbsp;&nbsp;Lancaster IDA Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/56 | &nbsp;&nbsp;&nbsp;&nbsp; 5550 | &nbsp;&nbsp; 4169 |
|  | &nbsp;&nbsp;&nbsp;Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Luthercare Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp; 775 |
|  | &nbsp;&nbsp;&nbsp;Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Luthercare Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/55 | &nbsp;&nbsp;&nbsp;&nbsp; 960 | &nbsp;&nbsp; 892 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lancaster PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 2545 | &nbsp;&nbsp; 2558 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lancaster PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 2660 | &nbsp;&nbsp; 2666 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lancaster PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2355 | &nbsp;&nbsp; 2351 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lancaster School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 832 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lancaster School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1653 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lancaster School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 821 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lancaster School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1190 | &nbsp;&nbsp; 1175 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lancaster School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1295 | &nbsp;&nbsp; 1354 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lancaster School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1135 | &nbsp;&nbsp; 1180 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lancaster School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1290 | &nbsp;&nbsp; 1333 |
|  | &nbsp;&nbsp;&nbsp;Latrobe IDA College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 335 | &nbsp;&nbsp; 342 |
|  | &nbsp;&nbsp;&nbsp;Latrobe IDA College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp; 305 |
|  | &nbsp;&nbsp;&nbsp;Latrobe IDA College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 325 | &nbsp;&nbsp; 328 |
|  | &nbsp;&nbsp;&nbsp;Latrobe IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 450 | &nbsp;&nbsp; 414 |
|  | &nbsp;&nbsp;&nbsp;Latrobe IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 475 | &nbsp;&nbsp; 430 |
|  | &nbsp;&nbsp;&nbsp;Latrobe IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 575 | &nbsp;&nbsp; 503 |
|  | &nbsp;&nbsp;&nbsp;Latrobe IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 685 | &nbsp;&nbsp; 586 |
|  | &nbsp;&nbsp;&nbsp;Latrobe IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 535 | &nbsp;&nbsp; 438 |
|  | &nbsp;&nbsp;&nbsp;Latrobe IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 3400 | &nbsp;&nbsp; 2630 |
|  | &nbsp;&nbsp;&nbsp;Latrobe IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 3595 | &nbsp;&nbsp; 2676 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lehigh County Authority Intergovernmental Agreement Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3750 | &nbsp;&nbsp; 3500 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lehigh County Authority Intergovernmental Agreement Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 5560 | &nbsp;&nbsp; 5107 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lehigh County Authority Intergovernmental Agreement Revenue | 4.250% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 1600 | &nbsp;&nbsp; 1410 |
|  | &nbsp;&nbsp;&nbsp;Lehigh County General Purpose Authority Charter School Aid Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/57 | &nbsp;&nbsp;&nbsp;&nbsp; 1445 | &nbsp;&nbsp; 1096 |
|  | &nbsp;&nbsp;&nbsp;Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 3685 | &nbsp;&nbsp; 3042 |
|  | &nbsp;&nbsp;&nbsp;Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;10680 | &nbsp;&nbsp; 8405 |
|  | &nbsp;&nbsp;&nbsp;Lehigh County IDA Charter School Aid Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1775 | &nbsp;&nbsp; 1473 |
|  | &nbsp;&nbsp;&nbsp;Lehigh County PA GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1690 | &nbsp;&nbsp; 1338 |
|  | &nbsp;&nbsp;&nbsp;Lehigh County PA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 9120 | &nbsp;&nbsp; 8958 |
|  | &nbsp;&nbsp;&nbsp;Lehigh County PA Health, Hospital, Nursing Home Revenue | 3.250% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 315 | &nbsp;&nbsp; 223 |
|  | &nbsp;&nbsp;&nbsp;Lehigh County PA Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;12000 | &nbsp;&nbsp; 9700 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lehighton Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1850 | &nbsp;&nbsp; 1956 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lehighton Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5188 |
|  | &nbsp;&nbsp;&nbsp;Lincoln University of the Commonwealth System of Higher Education College & University Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 3637 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Littlestown Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 2400 | &nbsp;&nbsp; 2417 |
|  | &nbsp;&nbsp;&nbsp;Lower Paxton Township PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp; 208 |
|  | &nbsp;&nbsp;&nbsp;Lower Paxton Township PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 225 | &nbsp;&nbsp; 233 |
|  | &nbsp;&nbsp;&nbsp;Lower Paxton Township PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp; 206 |
|  | &nbsp;&nbsp;&nbsp;Lower Paxton Township PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 350 | &nbsp;&nbsp; 359 |
|  | &nbsp;&nbsp;&nbsp;Lower Paxton Township PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp; 307 |
|  | &nbsp;&nbsp;&nbsp;Lower Paxton Township PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1014 |
|  | &nbsp;&nbsp;&nbsp;Lycoming County Authority College & University Revenue (AICUP Financing Program) | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 2935 | &nbsp;&nbsp; 2940 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Lycoming County Authority College & University Revenue (Pennsylvania College of Technology Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp; 1800 | &nbsp;&nbsp; 1856 |
|  | &nbsp;&nbsp;&nbsp;Mechanicsburg Area School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1550 | &nbsp;&nbsp; 1550 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Mechanicsburg Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 1705 | &nbsp;&nbsp; 1728 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Mechanicsburg Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/46 | &nbsp;&nbsp;&nbsp;&nbsp; 2080 | &nbsp;&nbsp; 2107 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Mechanicsburg Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/51 | &nbsp;&nbsp;&nbsp;&nbsp; 5335 | &nbsp;&nbsp; 5394 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Middletown Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2082 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Middletown Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2071 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Middletown Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2060 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Millcreek Township School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 2240 | &nbsp;&nbsp; 1977 |
|  | &nbsp;&nbsp;&nbsp;Monroe County PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1630 | &nbsp;&nbsp; 1611 |
|  | &nbsp;&nbsp;&nbsp;Monroe County PA Hospital Authority Health, Hospital, Nursing Home Revenue, Prere. | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/26 | &nbsp;&nbsp;&nbsp;&nbsp; 3890 | &nbsp;&nbsp; 3970 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Monroe County PA IDA Tax Increment/Allocation Revenue (Tobyhanna Township Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 3780 | &nbsp;&nbsp; 3837 |
|  | &nbsp;&nbsp;&nbsp;Monroeville Finance Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 330 | &nbsp;&nbsp; 351 |
|  | &nbsp;&nbsp;&nbsp;Monroeville Finance Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1054 |
|  | &nbsp;&nbsp;&nbsp;Monroeville Finance Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1045 |
|  | &nbsp;&nbsp;&nbsp;Monroeville Finance Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2100 | &nbsp;&nbsp; 1890 |
|  | &nbsp;&nbsp;&nbsp;Monroeville Finance Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 3571 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 2580 | &nbsp;&nbsp; 2582 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1001 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 515 | &nbsp;&nbsp; 462 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 545 | &nbsp;&nbsp; 481 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 695 | &nbsp;&nbsp; 603 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 305 | &nbsp;&nbsp; 259 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority College & University Revenue (Ursinus College Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1427 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/27 | &nbsp;&nbsp;&nbsp;&nbsp; 1415 | &nbsp;&nbsp; 1431 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp; 26 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 2210 | &nbsp;&nbsp; 2278 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2780 | &nbsp;&nbsp; 2855 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2551 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2170 | &nbsp;&nbsp; 1950 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 4825 | &nbsp;&nbsp; 4832 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 5250 | &nbsp;&nbsp; 4343 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp; 1668 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1858 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4007 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 3.250% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;12000 | &nbsp;&nbsp; 8269 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/56 | &nbsp;&nbsp;&nbsp;&nbsp;14935 | &nbsp;&nbsp; 11725 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/56 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1609 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/57 | &nbsp;&nbsp;&nbsp;&nbsp; 8725 | &nbsp;&nbsp; 8436 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 380 | &nbsp;&nbsp; 373 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1445 | &nbsp;&nbsp; 1389 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1435 | &nbsp;&nbsp; 1368 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 6920 | &nbsp;&nbsp; 6076 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 2805 | &nbsp;&nbsp; 2324 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 8613 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Private Schools Revenue (Hill School Project) | 3.500% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/46 | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp; 79 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority Private Schools Revenue (Hill School Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/50 | &nbsp;&nbsp;&nbsp;&nbsp; 3705 | &nbsp;&nbsp; 3090 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Montgomery County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 4080 | &nbsp;&nbsp; 4427 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 8610 | &nbsp;&nbsp; 9136 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Montgomery County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 8270 | &nbsp;&nbsp; 8915 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Montgomery County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 5330 | &nbsp;&nbsp; 5704 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Montgomery County PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 5140 | &nbsp;&nbsp; 5464 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA College & University Revenue (Ursinus College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 2985 | &nbsp;&nbsp; 2846 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA College & University Revenue (Ursinus College Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1431 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1575 | &nbsp;&nbsp; 1575 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp; 1206 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 4750 | &nbsp;&nbsp; 4484 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2502 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp; 611 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 2600 | &nbsp;&nbsp; 2538 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/49 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2403 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/53 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1509 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/55 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2368 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Meadowood Senior Living Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2510 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/25 | &nbsp;&nbsp;&nbsp;&nbsp; 250 | &nbsp;&nbsp; 250 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/26 | &nbsp;&nbsp;&nbsp;&nbsp; 350 | &nbsp;&nbsp; 350 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/27 | &nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp; 300 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp; 100 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 210 | &nbsp;&nbsp; 209 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 250 | &nbsp;&nbsp; 247 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp; 98 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 225 | &nbsp;&nbsp; 219 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 370 | &nbsp;&nbsp; 356 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 570 | &nbsp;&nbsp; 544 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 825 | &nbsp;&nbsp; 778 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 705 | &nbsp;&nbsp; 656 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp; 367 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Industrial Revenue | 4.100% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 4435 | &nbsp;&nbsp; 4495 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Industrial Revenue PUT | 4.100% | &nbsp;&nbsp;&nbsp;&nbsp; 4/3/28 | &nbsp;&nbsp;&nbsp;&nbsp;17765 | &nbsp;&nbsp; 17982 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Private Schools Revenue (Germantown Academy Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 867 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Private Schools Revenue (Haverford School Project) | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 3760 | &nbsp;&nbsp; 2633 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County PA IDA Private Schools Revenue (Haverford School Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 1650 | &nbsp;&nbsp; 1395 |
|  | &nbsp;&nbsp;&nbsp;Moon IDA Health, Hospital, Nursing Home Revenue | 5.625% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 919 |
|  | &nbsp;&nbsp;&nbsp;Moon IDA Health, Hospital, Nursing Home Revenue | 6.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 3500 | &nbsp;&nbsp; 2944 |
|  | &nbsp;&nbsp;&nbsp;Moon IDA Health, Hospital, Nursing Home Revenue | 6.125% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp; 82 |
|  | &nbsp;&nbsp;&nbsp;Mount Lebanon Hospital Authority Health, Hospital, Nursing Home Revenue (St. Clair Memorial Hospital Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 7890 | &nbsp;&nbsp; 6448 |
|  | &nbsp;&nbsp;&nbsp;Muhlenberg School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/49 | &nbsp;&nbsp;&nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1771 |
|  | &nbsp;&nbsp;&nbsp;Muhlenberg School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/54 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp; 7035 |
|  | &nbsp;&nbsp;&nbsp;North Allegheny School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 1270 | &nbsp;&nbsp; 1204 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Northampton Area School District GO | 4.100% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3090 | &nbsp;&nbsp; 2914 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Northampton County General Purpose Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1517 |
|  | &nbsp;&nbsp;&nbsp;Northampton County General Purpose Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1760 | &nbsp;&nbsp; 1768 |
|  | &nbsp;&nbsp;&nbsp;Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 6790 | &nbsp;&nbsp; 6820 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1070 | &nbsp;&nbsp; 964 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 4930 | &nbsp;&nbsp; 4378 |
|  | &nbsp;&nbsp;&nbsp;Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3007 |
|  | &nbsp;&nbsp;&nbsp;Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/48 | &nbsp;&nbsp;&nbsp;&nbsp; 3895 | &nbsp;&nbsp; 3243 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/49 | &nbsp;&nbsp;&nbsp;&nbsp; 9885 | &nbsp;&nbsp; 9828 |
|  | &nbsp;&nbsp;&nbsp;Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/53 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3028 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue VRDO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp; 6350 | &nbsp;&nbsp; 6350 |
|  | &nbsp;&nbsp;&nbsp;Northampton County IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1900 | &nbsp;&nbsp; 1671 |
|  | &nbsp;&nbsp;&nbsp;Northampton Township PA GO | 3.625% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 2145 | &nbsp;&nbsp; 1939 |
|  | &nbsp;&nbsp;&nbsp;Northeastern Pennsylvania Hospital & Education Authority College & University Revenue (Kings College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 916 |
|  | &nbsp;&nbsp;&nbsp;Northeastern Pennsylvania Hospital & Education Authority College & University Revenue (Kings College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 1535 | &nbsp;&nbsp; 1359 |
|  | &nbsp;&nbsp;&nbsp;Northeastern Pennsylvania Hospital & Education Authority College & University Revenue (Wilkes University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1253 |
|  | &nbsp;&nbsp;&nbsp;Northeastern Pennsylvania Hospital & Education Authority College & University Revenue (Wilkes University Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 1140 | &nbsp;&nbsp; 1146 |
|  | &nbsp;&nbsp;&nbsp;Northeastern Pennsylvania Hospital & Education Authority College & University Revenue (Wilkes University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 3740 | &nbsp;&nbsp; 3601 |
|  | &nbsp;&nbsp;&nbsp;Northeastern Pennsylvania Hospital & Education Authority College & University Revenue (Wilkes University Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 2953 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Northeastern School District/York County GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 375 | &nbsp;&nbsp; 352 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Northeastern School District/York County GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp; 274 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Northeastern School District/York County GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 250 | &nbsp;&nbsp; 225 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Northeastern School District/York County GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 850 | &nbsp;&nbsp; 722 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Northeastern School District/York County GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp; 650 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Northeastern School District/York County GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 2130 | &nbsp;&nbsp; 1604 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Northern Tioga School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 504 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Oxford Area Sewer Authority Sewer Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 1255 | &nbsp;&nbsp; 930 |
|  | &nbsp;&nbsp;&nbsp;Parkland School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2270 | &nbsp;&nbsp; 2353 |
|  | &nbsp;&nbsp;&nbsp;Parkland School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp; 723 |
|  | &nbsp;&nbsp;&nbsp;Parkland School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 2325 | &nbsp;&nbsp; 2372 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Penn Hills School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 3030 | &nbsp;&nbsp; 2947 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Penn Hills School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 3585 | &nbsp;&nbsp; 3442 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Penn Hills School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 2020 | &nbsp;&nbsp; 1912 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Penn Hills School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 760 | &nbsp;&nbsp; 707 |
|  | &nbsp;&nbsp;&nbsp;Penn Manor School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp; 1731 |
|  | &nbsp;&nbsp;&nbsp;Pennsbury School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 784 |
|  | &nbsp;&nbsp;&nbsp;Pennsbury School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 526 |
|  | &nbsp;&nbsp;&nbsp;Pennsbury School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1040 |
|  | &nbsp;&nbsp;&nbsp;Pennsbury School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 523 |
|  | &nbsp;&nbsp;&nbsp;Pennsbury School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp; 624 |
|  | &nbsp;&nbsp;&nbsp;Pennsbury School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 777 |
|  | &nbsp;&nbsp;&nbsp;Pennsbury School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4091 |
|  | &nbsp;&nbsp;&nbsp;Pennsbury School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1029 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1310 | &nbsp;&nbsp; 1391 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1380 | &nbsp;&nbsp; 1456 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1455 | &nbsp;&nbsp; 1521 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1020 | &nbsp;&nbsp; 1055 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1130 | &nbsp;&nbsp; 1150 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1222 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority College & University Revenue (Villanova University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1055 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority College & University Revenue (Villanova University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 9425 | &nbsp;&nbsp; 9636 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Electric Power & Light Revenue PUT | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 750 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/29 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1057 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1068 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2200 | &nbsp;&nbsp; 2107 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1918 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 525 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 526 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1685 | &nbsp;&nbsp; 1747 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1885 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 518 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 575 | &nbsp;&nbsp; 596 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp;10/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 4725 | &nbsp;&nbsp; 4042 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp; 928 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp; 825 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;10/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp; 1563 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1836 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;10/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp; 1094 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1850 | &nbsp;&nbsp; 1871 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1385 | &nbsp;&nbsp; 1393 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp; 614 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1600 | &nbsp;&nbsp; 1601 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 1515 | &nbsp;&nbsp; 1508 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 8635 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp;10/15/46 | &nbsp;&nbsp;&nbsp;&nbsp; 5040 | &nbsp;&nbsp; 3674 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 3500 | &nbsp;&nbsp; 3442 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 2400 | &nbsp;&nbsp; 2017 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/48 | &nbsp;&nbsp;&nbsp;&nbsp; 2880 | &nbsp;&nbsp; 2419 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/50 | &nbsp;&nbsp;&nbsp;&nbsp; 6135 | &nbsp;&nbsp; 5977 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;10/15/51 | &nbsp;&nbsp;&nbsp;&nbsp; 9500 | &nbsp;&nbsp; 7782 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/52 | &nbsp;&nbsp;&nbsp;&nbsp; 2250 | &nbsp;&nbsp; 1839 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/53 | &nbsp;&nbsp;&nbsp;&nbsp; 4620 | &nbsp;&nbsp; 3749 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue (Presbyterian Senior Living Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1535 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue (Presbyterian Senior Living Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1505 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue (Presbyterian Senior Living Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1004 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue (Presbyterian Senior Living Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1987 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue PUT | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/32 | &nbsp;&nbsp;&nbsp;&nbsp; 8975 | &nbsp;&nbsp; 9423 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue PUT | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 8845 | &nbsp;&nbsp; 9284 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue, Prere. | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/27 | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp; 718 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 1080 | &nbsp;&nbsp; 941 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 3710 | &nbsp;&nbsp; 3099 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 6045 | &nbsp;&nbsp; 3834 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 5525 | &nbsp;&nbsp; 3133 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 2640 | &nbsp;&nbsp; 2733 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1536 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 3880 | &nbsp;&nbsp; 3952 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue | 4.375% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp; 6399 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority Water Revenue (Pennsylvania-American Water Co. Project) | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 4500 | &nbsp;&nbsp; 3703 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 1655 | &nbsp;&nbsp; 1697 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp; 3895 | &nbsp;&nbsp; 3941 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 3520 | &nbsp;&nbsp; 3542 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1935 | &nbsp;&nbsp; 1936 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2002 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 2575 | &nbsp;&nbsp; 2483 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3016 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 2940 | &nbsp;&nbsp; 2934 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1870 | &nbsp;&nbsp; 1892 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2275 | &nbsp;&nbsp; 2254 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 2305 | &nbsp;&nbsp; 2169 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1400 | &nbsp;&nbsp; 1374 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 4895 | &nbsp;&nbsp; 4899 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 4395 | &nbsp;&nbsp; 4052 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 914 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 8750 | &nbsp;&nbsp; 8637 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 1225 | &nbsp;&nbsp; 887 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 1650 | &nbsp;&nbsp; 1220 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5050 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/46 | &nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp; 6028 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;22100 | &nbsp;&nbsp; 22535 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue TOB VRDO | 2.030% | &nbsp;&nbsp;&nbsp;&nbsp; 6/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; 7160 | &nbsp;&nbsp; 7160 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue, ETM | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/32 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 517 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue, ETM | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/33 | &nbsp;&nbsp;&nbsp;&nbsp; 345 | &nbsp;&nbsp; 356 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority College & University Revenue, ETM | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 180 | &nbsp;&nbsp; 146 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 754 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 3135 | &nbsp;&nbsp; 3087 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 785 | &nbsp;&nbsp; 786 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1051 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 951 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2098 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 8260 | &nbsp;&nbsp; 7610 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 2689 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 7565 | &nbsp;&nbsp; 6854 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2068 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 7345 | &nbsp;&nbsp; 5442 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/49 | &nbsp;&nbsp;&nbsp;&nbsp;13130 | &nbsp;&nbsp; 11278 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/49 | &nbsp;&nbsp;&nbsp;&nbsp; 7985 | &nbsp;&nbsp; 8051 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 4.250% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 3537 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 8750 | &nbsp;&nbsp; 9006 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue VRDO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp;22325 | &nbsp;&nbsp; 22325 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue VRDO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp;17605 | &nbsp;&nbsp; 17605 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.200% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2410 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.550% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2410 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.950% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 2653 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 936 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.600% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 7295 | &nbsp;&nbsp; 6859 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.125% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1575 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.070% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 3799 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 6180 | &nbsp;&nbsp; 5673 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.780% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1799 | &nbsp;&nbsp; 1773 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 4.400% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 8500 | &nbsp;&nbsp; 8336 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 4.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp; 7415 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.700% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 6845 | &nbsp;&nbsp; 5300 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.150% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 3328 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.350% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp; 4325 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.280% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp; 5192 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.450% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 3551 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.200% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 7830 | &nbsp;&nbsp; 6438 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 4.300% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1928 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 5.125% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3250 | &nbsp;&nbsp; 3333 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.650% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 6335 | &nbsp;&nbsp; 5528 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.650% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 8747 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 5.550% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4269 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.100% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 8500 | &nbsp;&nbsp; 6669 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 4.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4866 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 1668 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.600% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 6035 | &nbsp;&nbsp; 4026 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.375% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 7005 | &nbsp;&nbsp; 4460 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.400% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp; 4766 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 2133 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 1807 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 2.550% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp; 4499 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 1035 | &nbsp;&nbsp; 1022 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 4.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1985 | &nbsp;&nbsp; 1994 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 6250 | &nbsp;&nbsp; 6396 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;12205 | &nbsp;&nbsp; 12823 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 5.750% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 8662 | &nbsp;&nbsp; 9144 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 6.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 4805 | &nbsp;&nbsp; 5181 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 6.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 7250 | &nbsp;&nbsp; 7785 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue | 6.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 1435 | &nbsp;&nbsp; 1562 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO | 3.100% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp; 6965 | &nbsp;&nbsp; 6965 |
| <sup>2,3</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO | 3.300% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp; 7342 | &nbsp;&nbsp; 7342 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 4650 | &nbsp;&nbsp; 4766 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1235 | &nbsp;&nbsp; 1353 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 945 | &nbsp;&nbsp; 1025 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 850 | &nbsp;&nbsp; 915 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1068 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1595 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1575 | &nbsp;&nbsp; 1663 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 7130 | &nbsp;&nbsp; 7441 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 8285 | &nbsp;&nbsp; 8510 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 9010 | &nbsp;&nbsp; 9318 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania State University College & University Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 10383 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 10018 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4113 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 5500 | &nbsp;&nbsp; 5639 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 4390 | &nbsp;&nbsp; 4454 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5145 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 5500 | &nbsp;&nbsp; 6044 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2900 | &nbsp;&nbsp; 3189 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 680 | &nbsp;&nbsp; 674 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1053 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 9790 | &nbsp;&nbsp; 10052 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1362 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 6610 | &nbsp;&nbsp; 6492 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.750% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 4070 | &nbsp;&nbsp; 4112 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1360 | &nbsp;&nbsp; 1423 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 6535 | &nbsp;&nbsp; 6689 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1315 | &nbsp;&nbsp; 1337 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 2755 | &nbsp;&nbsp; 2887 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 2240 | &nbsp;&nbsp; 2383 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1240 | &nbsp;&nbsp; 1306 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1820 | &nbsp;&nbsp; 855 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 2735 | &nbsp;&nbsp; 2602 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1785 | &nbsp;&nbsp; 1698 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 3020 | &nbsp;&nbsp; 2865 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 4200 | &nbsp;&nbsp; 4200 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp; 1779 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1570 | &nbsp;&nbsp; 1664 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 5400 | &nbsp;&nbsp; 2375 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 216 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 7275 | &nbsp;&nbsp; 6836 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3035 | &nbsp;&nbsp; 3062 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3710 | &nbsp;&nbsp; 3921 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1120 | &nbsp;&nbsp; 1177 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1010 | &nbsp;&nbsp; 1070 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1333 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2955 | &nbsp;&nbsp; 2746 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1165 | &nbsp;&nbsp; 1216 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1540 | &nbsp;&nbsp; 1614 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2230 | &nbsp;&nbsp; 2313 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1030 | &nbsp;&nbsp; 1082 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2950 | &nbsp;&nbsp; 2995 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 4550 | &nbsp;&nbsp; 4202 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2750 | &nbsp;&nbsp; 2775 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1796 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1555 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1050 | &nbsp;&nbsp; 1088 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4145 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1950 | &nbsp;&nbsp; 2009 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1115 | &nbsp;&nbsp; 1164 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1822 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;16635 | &nbsp;&nbsp; 16771 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1055 | &nbsp;&nbsp; 1090 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1345 | &nbsp;&nbsp; 1392 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2069 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 1930 | &nbsp;&nbsp; 1987 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 1130 | &nbsp;&nbsp; 1163 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1542 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp; 7095 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/47 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 10057 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 3385 | &nbsp;&nbsp; 3410 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 5515 | &nbsp;&nbsp; 5610 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5127 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2551 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3064 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 2895 | &nbsp;&nbsp; 3014 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;12500 | &nbsp;&nbsp; 12729 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 7515 | &nbsp;&nbsp; 6537 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 6940 | &nbsp;&nbsp; 6991 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4067 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 2075 | &nbsp;&nbsp; 1805 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;17150 | &nbsp;&nbsp; 17215 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 5275 | &nbsp;&nbsp; 3675 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 3415 | &nbsp;&nbsp; 2387 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 5500 | &nbsp;&nbsp; 4749 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 6005 | &nbsp;&nbsp; 5180 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 8626 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 2620 | &nbsp;&nbsp; 2655 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 2840 | &nbsp;&nbsp; 2920 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 9000 | &nbsp;&nbsp; 9119 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/55 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3102 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue VRDO | 1.950% | &nbsp;&nbsp;&nbsp;&nbsp; 6/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; 4575 | &nbsp;&nbsp; 4575 |
| <sup>8</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Highway Revenue, 6.100% coupon rate effective 12/1/28 | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 9795 | &nbsp;&nbsp; 8953 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2100 | &nbsp;&nbsp; 1211 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 4420 | &nbsp;&nbsp; 4258 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3083 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 3535 | &nbsp;&nbsp; 3604 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 2155 | &nbsp;&nbsp; 2044 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1675 | &nbsp;&nbsp; 1574 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;15810 | &nbsp;&nbsp; 15890 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 7630 | &nbsp;&nbsp; 7784 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 2390 | &nbsp;&nbsp; 2399 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;12000 | &nbsp;&nbsp; 12059 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 7105 | &nbsp;&nbsp; 6129 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 7940 | &nbsp;&nbsp; 6844 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4277 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Registration Fee Transit Revenue TOB VRDO | 3.150% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp; 4100 | &nbsp;&nbsp; 4100 |
|  | &nbsp;&nbsp;&nbsp;Pequea Valley School District GO | 3.750% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1955 | &nbsp;&nbsp; 1606 |
|  | &nbsp;&nbsp;&nbsp;Peters Township School District Washington County GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3106 |
|  | &nbsp;&nbsp;&nbsp;Peters Township School District Washington County GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 7555 | &nbsp;&nbsp; 7769 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Authority for Industrial Development Charter School Aid Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1428 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Energy Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp; 964 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Energy Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1059 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Energy Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1850 | &nbsp;&nbsp; 1945 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Energy Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1900 | &nbsp;&nbsp; 1983 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Energy Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp; 1347 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Energy Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1075 | &nbsp;&nbsp; 1114 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Energy Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 850 | &nbsp;&nbsp; 877 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 3050 | &nbsp;&nbsp; 3110 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 4175 | &nbsp;&nbsp; 4250 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4078 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2034 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2030 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1120 | &nbsp;&nbsp; 1104 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 4250 | &nbsp;&nbsp; 4168 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5245 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1905 | &nbsp;&nbsp; 1990 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1695 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3128 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1650 | &nbsp;&nbsp; 1733 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5012 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 2250 | &nbsp;&nbsp; 2305 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 8000 | &nbsp;&nbsp; 7998 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 8965 | &nbsp;&nbsp; 9212 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 3650 | &nbsp;&nbsp; 3723 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp; 7745 |
| <sup>2,5</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co. Natural Gas Revenue TOB VRDO | 2.070% | &nbsp;&nbsp;&nbsp;&nbsp; 6/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp; 7500 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 4925 | &nbsp;&nbsp; 4962 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 4980 | &nbsp;&nbsp; 5006 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 3025 | &nbsp;&nbsp; 3183 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 5075 | &nbsp;&nbsp; 5300 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4748 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1525 | &nbsp;&nbsp; 1429 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 9475 | &nbsp;&nbsp; 8737 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/33 | &nbsp;&nbsp;&nbsp;&nbsp; 2170 | &nbsp;&nbsp; 2138 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue | 5.375% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 985 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2045 | &nbsp;&nbsp; 1980 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Alliance for Progress Charter School Inc. Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/49 | &nbsp;&nbsp;&nbsp;&nbsp; 2770 | &nbsp;&nbsp; 2456 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Discovery Charter School Inc. Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 904 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Discovery Charter School Inc. Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/15/52 | &nbsp;&nbsp;&nbsp;&nbsp; 3500 | &nbsp;&nbsp; 3028 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Green Woods Charter School Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1920 | &nbsp;&nbsp; 1789 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Green Woods Charter School Project) | 5.375% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/57 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1172 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Mast Community Charter School III Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 425 | &nbsp;&nbsp; 410 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Master Charter School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp; 591 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Master Charter School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 2850 | &nbsp;&nbsp; 2703 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Philadelphia Electrical & Technology Charter School Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1125 | &nbsp;&nbsp; 952 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Philadelphia Electrical & Technology Charter School Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 1765 | &nbsp;&nbsp; 1342 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Philadelphia Electrical & Technology Charter School Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/56 | &nbsp;&nbsp;&nbsp;&nbsp; 670 | &nbsp;&nbsp; 494 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Russell Byers Charter School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 951 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (Russell Byers Charter School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 5130 | &nbsp;&nbsp; 4570 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (String Theory Charter School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1415 | &nbsp;&nbsp; 1355 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Philadelphia IDA Charter School Aid Revenue (String Theory Charter School Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/15/50 | &nbsp;&nbsp;&nbsp;&nbsp; 1050 | &nbsp;&nbsp; 952 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2103 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2097 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1510 | &nbsp;&nbsp; 1451 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2750 | &nbsp;&nbsp; 2625 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1975 | &nbsp;&nbsp; 1856 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;13000 | &nbsp;&nbsp; 10968 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA College & University Revenue (Holy Family University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1041 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA College & University Revenue (Holy Family University Project) | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2375 | &nbsp;&nbsp; 2514 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA College & University Revenue (Saint Joseph's University Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3030 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA College & University Revenue (Saint Joseph's University Project) | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/60 | &nbsp;&nbsp;&nbsp;&nbsp;14410 | &nbsp;&nbsp; 14741 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Government Fund/Grant Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1963 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Government Fund/Grant Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4864 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 2180 | &nbsp;&nbsp; 2234 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2150 | &nbsp;&nbsp; 2127 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2425 | &nbsp;&nbsp; 2453 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 3780 | &nbsp;&nbsp; 3701 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;11000 | &nbsp;&nbsp; 11098 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4136 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4114 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp; 6524 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5195 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp; 15819 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue VRDO | 2.950% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp;29330 | &nbsp;&nbsp; 29330 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Health, Hospital, Nursing Home Revenue VRDO | 2.950% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp;21960 | &nbsp;&nbsp; 21960 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia IDA Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 3250 | &nbsp;&nbsp; 3309 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 1800 | &nbsp;&nbsp; 1855 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 1400 | &nbsp;&nbsp; 1441 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1345 | &nbsp;&nbsp; 1369 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 770 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1400 | &nbsp;&nbsp; 1417 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 4965 | &nbsp;&nbsp; 4923 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 989 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1860 | &nbsp;&nbsp; 1813 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1928 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5022 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Philadelphia PA Airport Port, Airport & Marina Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 3381 |
| <sup>2,3</sup> | &nbsp;&nbsp;&nbsp;Philadelphia PA Authority Industrial Development Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO | 3.300% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp; 1700 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2059 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp; 6154 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 9000 | &nbsp;&nbsp; 8740 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2580 | &nbsp;&nbsp; 2443 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3001 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2295 | &nbsp;&nbsp; 2423 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 6540 | &nbsp;&nbsp; 7019 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 2560 | &nbsp;&nbsp; 2686 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1655 | &nbsp;&nbsp; 1734 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 2355 | &nbsp;&nbsp; 2458 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2750 | &nbsp;&nbsp; 2856 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3136 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3109 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3094 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3061 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 8840 | &nbsp;&nbsp; 9039 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 6610 | &nbsp;&nbsp; 6955 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2011 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 3610 | &nbsp;&nbsp; 3537 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 8000 | &nbsp;&nbsp; 6899 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;16380 | &nbsp;&nbsp; 16747 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1003 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 7235 | &nbsp;&nbsp; 7604 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Philadelphia PA Water & Wastewater Water Revenue | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 8000 | &nbsp;&nbsp; 8281 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2069 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4121 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1031 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2054 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 2235 | &nbsp;&nbsp; 2266 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 1160 | &nbsp;&nbsp; 1252 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2545 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 4240 | &nbsp;&nbsp; 4380 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 2015 | &nbsp;&nbsp; 2049 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp; 1203 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2300 | &nbsp;&nbsp; 2247 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1433 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2015 | &nbsp;&nbsp; 2047 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 3825 | &nbsp;&nbsp; 3927 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1900 | &nbsp;&nbsp; 2057 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 939 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1022 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1990 | &nbsp;&nbsp; 2019 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1430 | &nbsp;&nbsp; 1532 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 8880 | &nbsp;&nbsp; 8239 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1715 | &nbsp;&nbsp; 1814 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1075 | &nbsp;&nbsp; 1116 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;10165 | &nbsp;&nbsp; 10121 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/46 | &nbsp;&nbsp;&nbsp;&nbsp;12285 | &nbsp;&nbsp; 10985 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 8370 | &nbsp;&nbsp; 8736 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia School District GO, Prere. | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/26 | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp; 10 |
|  | &nbsp;&nbsp;&nbsp;Pine-Richland School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 745 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;12/15/31 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1030 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;12/15/32 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 514 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;12/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1023 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;12/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 509 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;12/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 508 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh & Allegheny County Sports & Exhibition Authority Intergovernmental Agreement Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5374 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp; 744 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 560 | &nbsp;&nbsp; 577 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 875 | &nbsp;&nbsp; 859 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 472 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 528 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 3635 | &nbsp;&nbsp; 3375 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 529 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3780 | &nbsp;&nbsp; 3461 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1557 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1033 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 521 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1263 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1095 | &nbsp;&nbsp; 1097 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1640 | &nbsp;&nbsp; 1600 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2315 | &nbsp;&nbsp; 1807 |
| <sup>9</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;10820 | &nbsp;&nbsp; 10056 |
| <sup>9</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp; 8652 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 850 | &nbsp;&nbsp; 852 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1350 | &nbsp;&nbsp; 1351 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 414 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 305 | &nbsp;&nbsp; 250 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 2080 | &nbsp;&nbsp; 2121 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 1345 | &nbsp;&nbsp; 1417 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 3405 | &nbsp;&nbsp; 3458 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1875 | &nbsp;&nbsp; 1895 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/55 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5065 |
| <sup>1,2</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue TOB VRDO | 3.170% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp; 1100 |
| <sup>1,2</sup> | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority Water Revenue TOB VRDO | 3.170% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp; 7500 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Pleasant Valley PA School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 450 | &nbsp;&nbsp; 472 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Pleasant Valley PA School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp; 729 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Pleasant Valley PA School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 2235 | &nbsp;&nbsp; 2309 |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Pleasant Valley PA School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1026 |
|  | &nbsp;&nbsp;&nbsp;Pocono Mountains Industrial Park Authority Health, Hospital, Nursing Home Revenue (St. Lukes Hospital-Monroe Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 705 | &nbsp;&nbsp; 602 |
|  | &nbsp;&nbsp;&nbsp;Pottsville PA Hospital Authority Health, Hospital, Nursing Home Revenue, Prere. | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/27 | &nbsp;&nbsp;&nbsp;&nbsp; 6275 | &nbsp;&nbsp; 6487 |
|  | &nbsp;&nbsp;&nbsp;Radnor Township School District GO | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/48 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1033 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Radnor Township School District GO | 5.500% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/53 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1029 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Reading School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1773 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Ridley School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 999 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Ridley School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2950 | &nbsp;&nbsp; 2615 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Ridley School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp; 775 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Ridley School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1752 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Ridley School District Lease (Non-Terminable) Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/50 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2490 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Scott Township PA GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 290 | &nbsp;&nbsp; 264 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Scott Township PA GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp; 253 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Scott Township PA GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 650 | &nbsp;&nbsp; 521 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Scott Township PA GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/46 | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp; 455 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Scranton PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/26 | &nbsp;&nbsp;&nbsp;&nbsp; 850 | &nbsp;&nbsp; 871 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Scranton PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/27 | &nbsp;&nbsp;&nbsp;&nbsp; 615 | &nbsp;&nbsp; 639 |
|  | &nbsp;&nbsp;&nbsp;Scranton PA School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/28 | &nbsp;&nbsp;&nbsp;&nbsp; 1575 | &nbsp;&nbsp; 1648 |
|  | &nbsp;&nbsp;&nbsp;Scranton PA School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1316 |
|  | &nbsp;&nbsp;&nbsp;Scranton PA School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 2765 | &nbsp;&nbsp; 2619 |
|  | &nbsp;&nbsp;&nbsp;Scranton PA School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 463 |
|  | &nbsp;&nbsp;&nbsp;Scranton PA School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2010 | &nbsp;&nbsp; 1843 |
|  | &nbsp;&nbsp;&nbsp;Scranton-Lackawanna Health & Welfare Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2507 |
|  | &nbsp;&nbsp;&nbsp;Scranton-Lackawanna Health & Welfare Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 1290 | &nbsp;&nbsp; 1348 |
|  | &nbsp;&nbsp;&nbsp;Scranton-Lackawanna Health & Welfare Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 2335 | &nbsp;&nbsp; 2090 |
|  | &nbsp;&nbsp;&nbsp;Scranton-Lackawanna Health & Welfare Authority College & University Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 2430 | &nbsp;&nbsp; 2123 |
|  | &nbsp;&nbsp;&nbsp;Scranton-Lackawanna Health & Welfare Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 3170 | &nbsp;&nbsp; 3105 |
|  | &nbsp;&nbsp;&nbsp;Scranton-Lackawanna Health & Welfare Authority College & University Revenue | 4.375% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/55 | &nbsp;&nbsp;&nbsp;&nbsp; 3670 | &nbsp;&nbsp; 3296 |
|  | &nbsp;&nbsp;&nbsp;Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 1155 | &nbsp;&nbsp; 1156 |
|  | &nbsp;&nbsp;&nbsp;Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1180 | &nbsp;&nbsp; 1181 |
|  | &nbsp;&nbsp;&nbsp;Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1285 | &nbsp;&nbsp; 1315 |
|  | &nbsp;&nbsp;&nbsp;Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1251 |
|  | &nbsp;&nbsp;&nbsp;Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 | &nbsp;&nbsp; 1277 |
|  | &nbsp;&nbsp;&nbsp;Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 805 | &nbsp;&nbsp; 806 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Souderton Area School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 3685 | &nbsp;&nbsp; 3487 |
|  | &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania General Authority College & University Revenue (AICUP Financing Program) | 3.500% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 408 |
|  | &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania General Authority College & University Revenue (York College of Pennsylvania Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 320 | &nbsp;&nbsp; 317 |
|  | &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania General Authority College & University Revenue (York College of Pennsylvania Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 560 | &nbsp;&nbsp; 551 |
|  | &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 1090 | &nbsp;&nbsp; 1095 |
|  | &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1029 |
|  | &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5035 |
|  | &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 8150 | &nbsp;&nbsp; 6772 |
|  | &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue VRDO | 2.850% | &nbsp;&nbsp;&nbsp;&nbsp; 6/2/25 | &nbsp;&nbsp;&nbsp;&nbsp;19515 | &nbsp;&nbsp; 19515 |
|  | &nbsp;&nbsp;&nbsp;Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4275 |
|  | &nbsp;&nbsp;&nbsp;Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4254 |
|  | &nbsp;&nbsp;&nbsp;Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 3153 |
|  | &nbsp;&nbsp;&nbsp;Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5178 |
|  | &nbsp;&nbsp;&nbsp;Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;12500 | &nbsp;&nbsp; 12756 |
|  | &nbsp;&nbsp;&nbsp;State College PA Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 375 | &nbsp;&nbsp; 390 |
|  | &nbsp;&nbsp;&nbsp;State College PA Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 630 | &nbsp;&nbsp; 653 |
|  | &nbsp;&nbsp;&nbsp;State College PA Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/38 | &nbsp;&nbsp;&nbsp;&nbsp; 350 | &nbsp;&nbsp; 361 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;State Public School Building Authority College & University Revenue (Delaware County Community College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1055 | &nbsp;&nbsp; 1056 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;State Public School Building Authority College & University Revenue (Delaware County Community College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp; 632 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;State Public School Building Authority College & University Revenue (Delaware County Community College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 550 | &nbsp;&nbsp; 576 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;State Public School Building Authority College & University Revenue (Delaware County Community College Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp; 624 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;State Public School Building Authority College & University Revenue (Delaware County Community College Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 911 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;State Public School Building Authority College & University Revenue (Delaware County Community College Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 900 |
|  | &nbsp;&nbsp;&nbsp;State Public School Building Authority Lease (Appropriation) Revenue (Chester Upland School District Project) | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/30 | &nbsp;&nbsp;&nbsp;&nbsp; 3540 | &nbsp;&nbsp; 3690 |
|  | &nbsp;&nbsp;&nbsp;State Public School Building Authority Lease (Non-Terminable) Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2940 | &nbsp;&nbsp; 2940 |
|  | &nbsp;&nbsp;&nbsp;State Public School Building Authority Lease (Non-Terminable) Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;11660 | &nbsp;&nbsp; 11906 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;State Public School Building Authority Lease (Non-Terminable) Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 4655 | &nbsp;&nbsp; 4710 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;State Public School Building Authority Lease (Non-Terminable) Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 3240 | &nbsp;&nbsp; 3274 |
|  | &nbsp;&nbsp;&nbsp;State Public School Building Authority Lease (Non-Terminable) Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 6/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp; 6044 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;State Public School Building Authority Miscellaneous Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 12/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1585 | &nbsp;&nbsp; 1601 |
|  | &nbsp;&nbsp;&nbsp;Swarthmore Borough Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/44 | &nbsp;&nbsp;&nbsp;&nbsp; 5015 | &nbsp;&nbsp; 5102 |
|  | &nbsp;&nbsp;&nbsp;Swarthmore Borough Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2075 |
|  | &nbsp;&nbsp;&nbsp;Swarthmore Borough Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/46 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1520 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Swarthmore Borough Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 1600 | &nbsp;&nbsp; 1618 |
|  | &nbsp;&nbsp;&nbsp;Swarthmore Borough Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/50 | &nbsp;&nbsp;&nbsp;&nbsp; 9115 | &nbsp;&nbsp; 9344 |
|  | &nbsp;&nbsp;&nbsp;Swarthmore Borough Authority College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/53 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2041 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1678 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1820 | &nbsp;&nbsp; 2040 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2113 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp; 838 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2084 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1037 |
|  | &nbsp;&nbsp;&nbsp;Township of Hampton PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp; 162 |
|  | &nbsp;&nbsp;&nbsp;Township of Hampton PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp; 161 |
|  | &nbsp;&nbsp;&nbsp;Township of Hampton PA GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 175 | &nbsp;&nbsp; 186 |
|  | &nbsp;&nbsp;&nbsp;Tredyffrin Easttown School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/44 | &nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp; 521 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Trinity Area School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp; 2984 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Tulpehocken Area School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp; 2076 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Tulpehocken Area School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 3500 | &nbsp;&nbsp; 3583 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Tulpehocken Area School District GO | 5.250% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 3500 | &nbsp;&nbsp; 3557 |
|  | &nbsp;&nbsp;&nbsp;Union County Hospital Authority Health, Hospital, Nursing Home Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2945 | &nbsp;&nbsp; 2952 |
|  | &nbsp;&nbsp;&nbsp;University of Pittsburgh-of the Commonwealth System of Higher Education College & University Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp;&nbsp;&nbsp; 8645 | &nbsp;&nbsp; 9263 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Upper Darby PA School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4008 |
|  | &nbsp;&nbsp;&nbsp;Upper Merion Area PA School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/15/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 831 |
|  | &nbsp;&nbsp;&nbsp;Upper Merion Area PA School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 2660 | &nbsp;&nbsp; 2123 |
|  | &nbsp;&nbsp;&nbsp;Upper St. Clair Township School District GO | 3.500% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 7240 | &nbsp;&nbsp; 6677 |
|  | &nbsp;&nbsp;&nbsp;Upper St. Clair Township School District GO | 3.625% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4460 |
|  | &nbsp;&nbsp;&nbsp;Washington County PA IDA College & University Revenue (AICUP Financing Program) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 3440 | &nbsp;&nbsp; 3374 |
|  | &nbsp;&nbsp;&nbsp;Washington County PA IDA College & University Revenue (AICUP Financing Program) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 3110 | &nbsp;&nbsp; 3024 |
|  | &nbsp;&nbsp;&nbsp;West Cornwall Township Municipal Authority Health, Hospital, Nursing Home Revenue (Pleasant View Retirement Community Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;12/15/48 | &nbsp;&nbsp;&nbsp;&nbsp; 2750 | &nbsp;&nbsp; 2417 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;West Mifflin School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp; 1194 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;West Mifflin School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 5920 | &nbsp;&nbsp; 4994 |
|  | &nbsp;&nbsp;&nbsp;West Shore Area Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/25 | &nbsp;&nbsp;&nbsp;&nbsp; 565 | &nbsp;&nbsp; 565 |
|  | &nbsp;&nbsp;&nbsp;West Shore Area Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1500 |
|  | &nbsp;&nbsp;&nbsp;West Shore Area Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 989 |
|  | &nbsp;&nbsp;&nbsp;West Shore PA School District GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp; 1100 |
|  | &nbsp;&nbsp;&nbsp;West View Municipal Authority Water Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp; 1202 |
|  | &nbsp;&nbsp;&nbsp;West View Municipal Authority Water Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/36 | &nbsp;&nbsp;&nbsp;&nbsp; 2300 | &nbsp;&nbsp; 2301 |
|  | &nbsp;&nbsp;&nbsp;West View Municipal Authority Water Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2395 | &nbsp;&nbsp; 2355 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Westmoreland County Municipal Authority Water Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5010 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Westmoreland County Municipal Authority Water Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 8000 | &nbsp;&nbsp; 7956 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Westmoreland County Municipal Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/42 | &nbsp;&nbsp;&nbsp;&nbsp; 3705 | &nbsp;&nbsp; 3859 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Westmoreland County Municipal Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 4320 | &nbsp;&nbsp; 4469 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Westmoreland County Municipal Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/44 | &nbsp;&nbsp;&nbsp;&nbsp; 4030 | &nbsp;&nbsp; 4139 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Westmoreland County Municipal Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 3750 | &nbsp;&nbsp; 3841 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Westmoreland County Municipal Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 6815 | &nbsp;&nbsp; 6924 |
| <sup>5</sup> | &nbsp;&nbsp;&nbsp;Westmoreland County Municipal Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/49 | &nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp; 4047 |
|  | &nbsp;&nbsp;&nbsp;Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 5/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 3100 | &nbsp;&nbsp; 2257 |
|  | &nbsp;&nbsp;&nbsp;Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 9230 | &nbsp;&nbsp; 8469 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Westmoreland County PA IDA Revenue | 4.720% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 6650 | &nbsp;&nbsp; 6466 |
|  | &nbsp;&nbsp;&nbsp;Wilkes-Barre Finance Authority College & University Revenue (Wilkes University Project) | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 800 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Wilkes-Barre PA Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 8/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 1860 | &nbsp;&nbsp; 1914 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Wilkes-Barre PA Area School District GO | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 4/15/59 | &nbsp;&nbsp;&nbsp;&nbsp; 2380 | &nbsp;&nbsp; 2381 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Wilkinsburg-Penn Joint Water Authority Water Revenue | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 823 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;William Penn School District Authority Lease (Non-Terminable) Revenue (William Penn School District Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/43 | &nbsp;&nbsp;&nbsp;&nbsp; 1675 | &nbsp;&nbsp; 1708 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;William Penn School District Authority Lease (Non-Terminable) Revenue (William Penn School District Project) | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 3/15/49 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1005 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;William Penn School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 2595 | &nbsp;&nbsp; 2359 |
| <sup>4</sup> | &nbsp;&nbsp;&nbsp;Woodland Hills School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 3620 | &nbsp;&nbsp; 3267 |
|  | &nbsp;&nbsp;&nbsp;Wyomissing Area School District GO | 3.000% | &nbsp;&nbsp;&nbsp;&nbsp; 2/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp; 903 |
|  |  |  |  |  | &nbsp;&nbsp;**3579251** |
| **Guam (0.1%)** | **Guam (0.1%)** | **Guam (0.1%)** | **Guam (0.1%)** | **Guam (0.1%)** | **Guam (0.1%)** |
|  | &nbsp;&nbsp;&nbsp;Guam Miscellaneous Taxes Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;11/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 210 | &nbsp;&nbsp; 210 |
|  | &nbsp;&nbsp;&nbsp;Guam Miscellaneous Taxes Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 1840 | &nbsp;&nbsp; 1625 |
|  | &nbsp;&nbsp;&nbsp;Guam Power Authority Electric Power & Light Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1185 | &nbsp;&nbsp; 1286 |
|  | &nbsp;&nbsp;&nbsp;Guam Power Authority Electric Power & Light Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 650 | &nbsp;&nbsp; 658 |
|  | &nbsp;&nbsp;&nbsp;Guam Power Authority Electric Power & Light Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp;&nbsp;&nbsp; 290 | &nbsp;&nbsp; 292 |
|  | &nbsp;&nbsp;&nbsp;Guam Power Authority Electric Power & Light Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 10/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp; 81 |
|  |  |  |  |  | &nbsp;&nbsp; **4152** |
| **Puerto Rico (1.2%)** | **Puerto Rico (1.2%)** | **Puerto Rico (1.2%)** | **Puerto Rico (1.2%)** | **Puerto Rico (1.2%)** | **Puerto Rico (1.2%)** |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Puerto Rico GO | 5.625% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 3273 | &nbsp;&nbsp; 3429 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Puerto Rico GO | 5.750% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 5146 | &nbsp;&nbsp; 5506 |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;&nbsp;Maturity<br> Date | &nbsp;&nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value• ($000) |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Puerto Rico GO | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 2397 | &nbsp;&nbsp; 1622 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Puerto Rico GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 5608 | &nbsp;&nbsp; 5392 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Puerto Rico GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/35 | &nbsp;&nbsp;&nbsp;&nbsp; 1662 | &nbsp;&nbsp; 1568 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Puerto Rico GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 550 | &nbsp;&nbsp; 508 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Puerto Rico GO | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/41 | &nbsp;&nbsp;&nbsp;&nbsp; 3344 | &nbsp;&nbsp; 2864 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp; 1305 | &nbsp;&nbsp; 1337 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1365 | &nbsp;&nbsp; 1397 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 1255 | &nbsp;&nbsp; 1286 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 2170 | &nbsp;&nbsp; 2194 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 250 | &nbsp;&nbsp; 253 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp; 608 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue | 4.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 490 | &nbsp;&nbsp; 419 |
|  | &nbsp;&nbsp;&nbsp;Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp; 1246 | &nbsp;&nbsp; 1146 |
|  | &nbsp;&nbsp;&nbsp;Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp; 787 | &nbsp;&nbsp; 668 |
|  | &nbsp;&nbsp;&nbsp;Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 2882 | &nbsp;&nbsp; 2235 |
|  | &nbsp;&nbsp;&nbsp;Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 675 | &nbsp;&nbsp; 477 |
|  | &nbsp;&nbsp;&nbsp;Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 4.329% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;11454 | &nbsp;&nbsp; 10683 |
|  | &nbsp;&nbsp;&nbsp;Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 4.329% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 259 | &nbsp;&nbsp; 241 |
|  | &nbsp;&nbsp;&nbsp;Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 1343 | &nbsp;&nbsp; 429 |
|  |  |  |  |  | &nbsp;&nbsp; **44262** |
| **Virgin Islands (0.1%)** | **Virgin Islands (0.1%)** | **Virgin Islands (0.1%)** | **Virgin Islands (0.1%)** | **Virgin Islands (0.1%)** | **Virgin Islands (0.1%)** |
| <sup>6</sup> | &nbsp;&nbsp;&nbsp;Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue | 5.000% | &nbsp;&nbsp;&nbsp;&nbsp; 9/1/39 | &nbsp;&nbsp;&nbsp;&nbsp; 1150 | &nbsp;&nbsp; 1207 |
| **Total Tax-Exempt Municipal Bonds (Cost $3,852,144)** | **Total Tax-Exempt Municipal Bonds (Cost $3,852,144)** | **Total Tax-Exempt Municipal Bonds (Cost $3,852,144)** | **Total Tax-Exempt Municipal Bonds (Cost $3,852,144)** | **Total Tax-Exempt Municipal Bonds (Cost $3,852,144)** | **3628872** |
| **Taxable Municipal Bonds (0.1%)** | **Taxable Municipal Bonds (0.1%)** | **Taxable Municipal Bonds (0.1%)** | **Taxable Municipal Bonds (0.1%)** | **Taxable Municipal Bonds (0.1%)** | **Taxable Municipal Bonds (0.1%)** |
| **Puerto Rico (0.1%)** | **Puerto Rico (0.1%)** | **Puerto Rico (0.1%)** | **Puerto Rico (0.1%)** | **Puerto Rico (0.1%)** | **Puerto Rico (0.1%)** |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Puerto Rico CVI | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 4153 | &nbsp;&nbsp; 2492 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Puerto Rico CVI | 0.000% | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 2025 | &nbsp;&nbsp; 1240 |
| **Total Taxable Municipal Bonds (Cost $3,861)** | **Total Taxable Municipal Bonds (Cost $3,861)** | **Total Taxable Municipal Bonds (Cost $3,861)** | **Total Taxable Municipal Bonds (Cost $3,861)** | **Total Taxable Municipal Bonds (Cost $3,861)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3732** |
| **Total Investments (100.8%) (Cost $3,856,005)** | **Total Investments (100.8%) (Cost $3,856,005)** | **Total Investments (100.8%) (Cost $3,856,005)** | **Total Investments (100.8%) (Cost $3,856,005)** | **Total Investments (100.8%) (Cost $3,856,005)** | **3632604** |
| **Other Assets and Liabilities—Net (-0.8%)** | **Other Assets and Liabilities—Net (-0.8%)** | **Other Assets and Liabilities—Net (-0.8%)** | **Other Assets and Liabilities—Net (-0.8%)** | **Other Assets and Liabilities—Net (-0.8%)** | &nbsp;&nbsp;&nbsp;&nbsp;**(29288)** |
| **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** | **3603316** |
| Cost is in $000. | Cost is in $000. | Cost is in $000. | Cost is in $000. | Cost is in $000. | Cost is in $000. |

---

---

| | |
|:---|:---|
| • | See Note A in Notes to Financial Statements. |
| 1 | Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp. |
| 2 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2025, the aggregate value was $100,979, representing 2.8% of net assets. |
| 3 | Scheduled principal and interest payments are guaranteed by bank letter of credit. |
| 4 | Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co. |
| 5 | Scheduled principal and interest payments are guaranteed by Assured Guaranty Corp. |
| 6 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of May 31, 2025. |
| 7 | Securities with a value of $608 have been segregated as initial margin for open futures contracts. |
| 8 | Step bond. |
| 9 | Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp. |
|  | COP—Certificate of Participation. |
|  | CVI—Contingent Value Instruments. |
|  | ETM—Escrowed to Maturity. |
|  | GO—General Obligation Bond. |
|  | IDA—Industrial Development Authority Bond. |
|  | Prere.—Prerefunded. |
|  | PUT—Put Option Obligation. |
|  | TOB—Tender Option Bond. |
|  | VRDO—Variable Rate Demand Obligation. |

---

------

Pennsylvania Long-Term Tax-Exempt Fund

------

#### Derivative Financial Instruments Outstanding as of Period End

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts |
|  |  |  | ($000) | ($000) |
|  | Expiration | Number of<br> Long (Short) Contracts | Notional<br> Amount | &nbsp;&nbsp;Value and<br> Unrealized<br> Appreciation<br> (Depreciation) |
| Long Futures Contracts |  |  |  |  |
| 5-Year U.S. Treasury Note | September 2025 | 374 | 40462 | &nbsp;&nbsp;131 |
| Short Futures Contracts |  |  |  |  |
| Long U.S. Treasury Bond | September 2025 | (99) | (11165) | &nbsp;&nbsp;(81) |
| Ultra Long U.S. Treasury Bond | September 2025 | (73) | (8473) | &nbsp;&nbsp;(46) |
|  |  |  |  | &nbsp;&nbsp;(127) |
|  |  |  |  | &nbsp;&nbsp;4 |

---

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Over-the-Counter Swaps - Municipal Market Data Rate Locks | Over-the-Counter Swaps - Municipal Market Data Rate Locks | Over-the-Counter Swaps - Municipal Market Data Rate Locks | Over-the-Counter Swaps - Municipal Market Data Rate Locks | Over-the-Counter Swaps - Municipal Market Data Rate Locks | Over-the-Counter Swaps - Municipal Market Data Rate Locks | Over-the-Counter Swaps - Municipal Market Data Rate Locks |  |  |
| Termination<br> Date | &nbsp;&nbsp;&nbsp;Counterparty | &nbsp;&nbsp;&nbsp;Notional<br> Amount<br> ($000) | &nbsp;&nbsp;&nbsp;Buy/Sell | &nbsp;&nbsp;&nbsp;Reference<br> Index | &nbsp;&nbsp;&nbsp;Strike<br> Rate | &nbsp;&nbsp;&nbsp;Value<br> ($000) | &nbsp;&nbsp;&nbsp;Unrealized<br> Appreciation<br> ($000) | &nbsp;&nbsp;&nbsp;Unrealized<br> (Depreciation) ($000) |
| 8/20/25 | &nbsp;&nbsp;&nbsp;RBC | &nbsp;&nbsp;&nbsp;3250 | &nbsp;&nbsp;&nbsp;Buy | &nbsp;&nbsp;&nbsp;30-Year MMD AAA General Obligation Scale | &nbsp;&nbsp;&nbsp;4.480% | &nbsp;&nbsp;&nbsp;18 | &nbsp;&nbsp;&nbsp;18 | &nbsp;&nbsp;&nbsp;— |
| 4/16/26 | &nbsp;&nbsp;&nbsp;RBC | &nbsp;&nbsp;&nbsp;8518 | &nbsp;&nbsp;&nbsp;Buy | &nbsp;&nbsp;&nbsp;5-Year MMD AAA General Obligation Scale | &nbsp;&nbsp;&nbsp;3.500% | &nbsp;&nbsp;&nbsp;194 | &nbsp;&nbsp;&nbsp;194 | &nbsp;&nbsp;&nbsp;— |
| 4/22/26 | &nbsp;&nbsp;&nbsp;RBC | &nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;Buy | &nbsp;&nbsp;&nbsp;5-Year MMD AAA General Obligation Scale | &nbsp;&nbsp;&nbsp;3.460% | &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;— |
| 4/22/26 | &nbsp;&nbsp;&nbsp;MSCS | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;Buy | &nbsp;&nbsp;&nbsp;5-Year MMD AAA General Obligation Scale | &nbsp;&nbsp;&nbsp;3.460% | &nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;— |
| 4/23/26 | &nbsp;&nbsp;&nbsp;JPMC | &nbsp;&nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;Buy | &nbsp;&nbsp;&nbsp;5-Year MMD AAA General Obligation Scale | &nbsp;&nbsp;&nbsp;3.380% | &nbsp;&nbsp;&nbsp;29 | &nbsp;&nbsp;&nbsp;29 | &nbsp;&nbsp;&nbsp;— |
| 5/1/26 | &nbsp;&nbsp;&nbsp;BANA | &nbsp;&nbsp;&nbsp;925 | &nbsp;&nbsp;&nbsp;Buy | &nbsp;&nbsp;&nbsp;10-Year MMD AAA General Obligation Scale | &nbsp;&nbsp;&nbsp;3.620% | &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;— |
| 5/6/26 | &nbsp;&nbsp;&nbsp;RBC | &nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;Buy | &nbsp;&nbsp;&nbsp;10-Year MMD AAA General Obligation Scale | &nbsp;&nbsp;&nbsp;3.620% | &nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;— |
| 5/6/26 | &nbsp;&nbsp;&nbsp;MSCS | &nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;Buy | &nbsp;&nbsp;&nbsp;10-Year MMD AAA General Obligation Scale | &nbsp;&nbsp;&nbsp;3.640% | &nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;— |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;283 | &nbsp;&nbsp;&nbsp;283 | &nbsp;&nbsp;&nbsp;— |

---

---

| |
|:---|
| BANA—Bank of America, N.A. |
| JPMC—JPMorgan Chase Bank, N.A. |
| MSCS—Morgan Stanley Capital Services LLC. |
| RBC—Royal Bank of Canada. |

---

See accompanying Notes, which are an integral part of the Financial Statements.

------

Pennsylvania Long-Term Tax-Exempt Fund

Statement of Assets and Liabilities

As of May 31, 2025

---

| | |
|:---|:---|
| ($000s, except shares and per-share amounts) | &nbsp;&nbsp;&nbsp;&nbsp;Amount |
| **Assets** |  |
| Investments in Securities, at Value—Unaffiliated Issuers (Cost $3,856,005) | 3632604 |
| Investment in Vanguard | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99 |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68 |
| Receivables for Investment Securities Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5192 |
| Receivables for Accrued Income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46283 |
| Receivables for Capital Shares Issued | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3618 |
| Variation Margin Receivable—Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47 |
| Unrealized Appreciation—Over-the-Counter Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283 |
| Other Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193 |
| **Total Assets** | **3688387** |
| **Liabilities** |  |
| Payables for Investment Securities Purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78287 |
| Payables for Capital Shares Redeemed | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2875 |
| Payables for Distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3760 |
| Payables to Vanguard | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149 |
| **Total Liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**85071** |
| **Net Assets** | **3603316** |
| **At May 31, 2025, net assets consisted of:** |  |
| Paid-in Capital | 3910612 |
| Total Distributable Earnings (Loss) | &nbsp;&nbsp;&nbsp;(307296) |
| **Net Assets** | **3603316** |
| **Investor Shares—Net Assets** |  |
| **Applicable to 27,287,129 outstanding $.001 par value shares of<br> beneficial interest (unlimited authorization)** | &nbsp;&nbsp;&nbsp;&nbsp;**284026** |
| **Net Asset Value Per Share—Investor Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.41** |
| **Admiral™ Shares—Net Assets** |  |
| **Applicable to 318,892,900 outstanding $.001 par value shares of<br> beneficial interest (unlimited authorization)** | **3319290** |
| **Net Asset Value Per Share—Admiral Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.41** |

---

See accompanying Notes, which are an integral part of the Financial Statements.

------

Pennsylvania Long-Term Tax-Exempt Fund

Statement of Operations

---

| | |
|:---|:---|
|  | Six Months Ended<br> May 31, 2025 |
|  | ($000) |
| **Investment Income** |  |
| **Income** |  |
| Interest | &nbsp;&nbsp;&nbsp;68873 |
| Total Income | &nbsp;&nbsp;&nbsp;68873 |
| **Expenses** |  |
| The Vanguard Group—Note B |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment Advisory Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management and Administrative—Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management and Administrative—Admiral Shares | &nbsp;&nbsp;&nbsp;&nbsp;1181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing and Distribution—Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing and Distribution—Admiral Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 |
| Custodian Fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 |
| Shareholders' Reports and Proxy Fees—Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 |
| Shareholders' Reports and Proxy Fees—Admiral Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 |
| Trustees' Fees and Expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Other Expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| Total Expenses | &nbsp;&nbsp;&nbsp;&nbsp;1758 |
| Expenses Paid Indirectly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21) |
| Net Expenses | &nbsp;&nbsp;&nbsp;&nbsp;1737 |
| **Net Investment Income** | &nbsp;&nbsp;&nbsp;**67136** |
| **Realized Net Gain (Loss)** |  |
| Investment Securities Sold | &nbsp;&nbsp;(12154) |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;1056 |
| **Realized Net Gain (Loss)** | &nbsp;&nbsp;**(11098)** |
| **Change in Unrealized Appreciation (Depreciation)** |  |
| Investment Securities | (182890) |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(118) |
| Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283 |
| **Change in Unrealized Appreciation (Depreciation)** | **(182725)** |
| **Net Increase (Decrease) in Net Assets Resulting from Operations** | **(126687)** |

---

See accompanying Notes, which are an integral part of the Financial Statements.

------

Pennsylvania Long-Term Tax-Exempt Fund

Statement of Changes in Net Assets

---

| | | |
|:---|:---|:---|
|  | Six Months Ended<br> May 31,<br> 2025 | &nbsp;&nbsp;&nbsp;Year Ended<br> November 30,<br> 2024 |
|  | ($000) | &nbsp;&nbsp;&nbsp;($000) |
| **Increase (Decrease) in Net Assets** |  |  |
| **Operations** |  |  |
| Net Investment Income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128568 |
| Realized Net Gain (Loss) | &nbsp;&nbsp;&nbsp;&nbsp;(11098) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13347) |
| Change in Unrealized Appreciation (Depreciation) | &nbsp;&nbsp;&nbsp;(182725) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124657 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | &nbsp;&nbsp;&nbsp;(126687) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239878 |
| **Distributions** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5225) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10006) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admiral Shares | &nbsp;&nbsp;&nbsp;&nbsp;(61266) | &nbsp;&nbsp;&nbsp;&nbsp;(117467) |
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp;(66491) | &nbsp;&nbsp;&nbsp;&nbsp;(127473) |
| **Capital Share Transactions** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2437) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admiral Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184750 |
| Net Increase (Decrease) from Capital Share Transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190393 |
| Total Increase (Decrease) | &nbsp;&nbsp;&nbsp;(181088) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302798 |
| **Net Assets** |  |  |
| **Beginning of Period** | **3784404** | &nbsp;&nbsp;&nbsp;**3481606** |
| **End of Period** | **3603316** | &nbsp;&nbsp;&nbsp;**3784404** |

---

See accompanying Notes, which are an integral part of the Financial Statements.

------

Pennsylvania Long-Term Tax-Exempt Fund

Financial Highlights

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investor Shares** |  |  |  |  |  |  |
| For a Share Outstanding<br> Throughout Each Period | Six Months<br> Ended<br> May 31,<br> 2025 | &nbsp;&nbsp;&nbsp;Year Ended November 30, | &nbsp;&nbsp;&nbsp;Year Ended November 30, | &nbsp;&nbsp;&nbsp;Year Ended November 30, | &nbsp;&nbsp;&nbsp;Year Ended November 30, | &nbsp;&nbsp;&nbsp;Year Ended November 30, |
| For a Share Outstanding<br> Throughout Each Period | Six Months<br> Ended<br> May 31,<br> 2025 | 2024 | 2023 | &nbsp;&nbsp;&nbsp;2022 | &nbsp;&nbsp;&nbsp;2021 | &nbsp;&nbsp;&nbsp;2020 |
| **Net Asset Value, Beginning of Period** | **$10.97** | &nbsp;&nbsp;&nbsp;**$10.63** | &nbsp;&nbsp;&nbsp;**$10.58** | &nbsp;&nbsp;&nbsp;**$12.14** | &nbsp;&nbsp;&nbsp;**$12.14** | &nbsp;&nbsp;&nbsp;**$11.89** |
| **Investment Operations** |  |  |  |  |  |  |
| Net Investment Income<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.353 |
| Net Realized and Unrealized Gain (Loss) on Investments | &nbsp;&nbsp;&nbsp;&nbsp;(.562) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.047 | &nbsp;&nbsp;&nbsp;&nbsp;(1.532) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.283 |
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp;(.370) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.403 | &nbsp;&nbsp;&nbsp;&nbsp;(1.205) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.636 |
| **Distributions** |  |  |  |  |  |  |
| Dividends from Net Investment Income | &nbsp;&nbsp;&nbsp;&nbsp;(.190) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.371) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.353) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.327) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.323) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.352) |
| Distributions from Realized Capital Gains |  | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.028) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.036) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.034) |
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp;(.190) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.371) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.353) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.355) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.359) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.386) |
| **Net Asset Value, End of Period** | **$10.41** | &nbsp;&nbsp;&nbsp;**$10.97** | &nbsp;&nbsp;&nbsp;**$10.63** | &nbsp;&nbsp;&nbsp;**$10.58** | &nbsp;&nbsp;&nbsp;**$12.14** | &nbsp;&nbsp;&nbsp;**$12.14** |
| **Total Return<sup>2</sup>** | **-3.40%** | &nbsp;&nbsp;&nbsp;**6.79%** | &nbsp;&nbsp;&nbsp;**3.89%** | &nbsp;&nbsp;&nbsp;**-10.00%** | &nbsp;&nbsp;&nbsp;**2.99%** | &nbsp;&nbsp;&nbsp;**5.45%** |
| **Ratios/Supplemental Data** |  |  |  |  |  |  |
| Net Assets, End of Period (Millions) | $284 | &nbsp;&nbsp;&nbsp;$302 | &nbsp;&nbsp;&nbsp;$287 | &nbsp;&nbsp;&nbsp;$287 | &nbsp;&nbsp;&nbsp;$393 | &nbsp;&nbsp;&nbsp;$364 |
| Ratio of Total Expenses to Average Net Assets | 0.15%<sup>3</sup> | &nbsp;&nbsp;&nbsp;0.17%<sup>3</sup> | &nbsp;&nbsp;&nbsp;0.17%<sup>3</sup> | &nbsp;&nbsp;&nbsp;0.17%<sup>3</sup> | &nbsp;&nbsp;&nbsp;0.17% | &nbsp;&nbsp;&nbsp;0.17% |
| Ratio of Net Investment Income to Average Net Assets | 3.61% | &nbsp;&nbsp;&nbsp;3.45% | &nbsp;&nbsp;&nbsp;3.37% | &nbsp;&nbsp;&nbsp;2.95% | &nbsp;&nbsp;&nbsp;2.66% | &nbsp;&nbsp;&nbsp;2.96% |
| Portfolio Turnover Rate | 12% | &nbsp;&nbsp;&nbsp;33% | &nbsp;&nbsp;&nbsp;38% | &nbsp;&nbsp;&nbsp;30% | &nbsp;&nbsp;&nbsp;22% | &nbsp;&nbsp;&nbsp;18% |
| The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. |

---

---

| | |
|:---|:---|
| 1 | Calculated based on average shares outstanding. |
| 2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.15%, 0.17%, 0.17%, and 0.17%, respectively. |

---

See accompanying Notes, which are an integral part of the Financial Statements.

------

Pennsylvania Long-Term Tax-Exempt Fund

Financial Highlights

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Admiral Shares** |  |  |  |  |  |  |
| For a Share Outstanding<br> Throughout Each Period | Six Months<br> Ended<br> May 31,<br> 2025 | &nbsp;&nbsp;&nbsp;Year Ended November 30, | &nbsp;&nbsp;&nbsp;Year Ended November 30, | &nbsp;&nbsp;&nbsp;Year Ended November 30, | &nbsp;&nbsp;&nbsp;Year Ended November 30, | &nbsp;&nbsp;&nbsp;Year Ended November 30, |
| For a Share Outstanding<br> Throughout Each Period | Six Months<br> Ended<br> May 31,<br> 2025 | 2024 | 2023 | &nbsp;&nbsp;&nbsp;2022 | &nbsp;&nbsp;&nbsp;2021 | &nbsp;&nbsp;&nbsp;2020 |
| **Net Asset Value, Beginning of Period** | **$10.97** | &nbsp;&nbsp;&nbsp;**$10.63** | &nbsp;&nbsp;&nbsp;**$10.58** | &nbsp;&nbsp;&nbsp;**$12.14** | &nbsp;&nbsp;&nbsp;**$12.14** | &nbsp;&nbsp;&nbsp;**$11.89** |
| **Investment Operations** |  |  |  |  |  |  |
| Net Investment Income<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.363 |
| Net Realized and Unrealized Gain (Loss) on Investments | &nbsp;&nbsp;&nbsp;&nbsp;(.562) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.048 | &nbsp;&nbsp;&nbsp;&nbsp;(1.532) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.282 |
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp;(.367) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.412 | &nbsp;&nbsp;&nbsp;&nbsp;(1.196) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.645 |
| **Distributions** |  |  |  |  |  |  |
| Dividends from Net Investment Income | &nbsp;&nbsp;&nbsp;&nbsp;(.193) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.380) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.362) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.336) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.333) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.361) |
| Distributions from Realized Capital Gains |  | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.028) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.036) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.034) |
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp;(.193) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.380) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.362) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.364) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.369) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(.395) |
| **Net Asset Value, End of Period** | **$10.41** | &nbsp;&nbsp;&nbsp;**$10.97** | &nbsp;&nbsp;&nbsp;**$10.63** | &nbsp;&nbsp;&nbsp;**$10.58** | &nbsp;&nbsp;&nbsp;**$12.14** | &nbsp;&nbsp;&nbsp;**$12.14** |
| **Total Return<sup>2</sup>** | **-3.37%** | &nbsp;&nbsp;&nbsp;**6.87%** | &nbsp;&nbsp;&nbsp;**3.98%** | &nbsp;&nbsp;&nbsp;**-9.93%** | &nbsp;&nbsp;&nbsp;**3.07%** | &nbsp;&nbsp;&nbsp;**5.53%** |
| **Ratios/Supplemental Data** |  |  |  |  |  |  |
| Net Assets, End of Period (Millions) | $3319 | &nbsp;&nbsp;&nbsp;$3483 | &nbsp;&nbsp;&nbsp;$3195 | &nbsp;&nbsp;&nbsp;$3236 | &nbsp;&nbsp;&nbsp;$4157 | &nbsp;&nbsp;&nbsp;$3905 |
| Ratio of Total Expenses to Average Net Assets | 0.09%<sup>3</sup> | &nbsp;&nbsp;&nbsp;0.09%<sup>3</sup> | &nbsp;&nbsp;&nbsp;0.09%<sup>3</sup> | &nbsp;&nbsp;&nbsp;0.09%<sup>3</sup> | &nbsp;&nbsp;&nbsp;0.09% | &nbsp;&nbsp;&nbsp;0.09% |
| Ratio of Net Investment Income to Average Net Assets | 3.67% | &nbsp;&nbsp;&nbsp;3.53% | &nbsp;&nbsp;&nbsp;3.45% | &nbsp;&nbsp;&nbsp;3.04% | &nbsp;&nbsp;&nbsp;2.74% | &nbsp;&nbsp;&nbsp;3.04% |
| Portfolio Turnover Rate | 12% | &nbsp;&nbsp;&nbsp;33% | &nbsp;&nbsp;&nbsp;38% | &nbsp;&nbsp;&nbsp;30% | &nbsp;&nbsp;&nbsp;22% | &nbsp;&nbsp;&nbsp;18% |
| The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. | The expense ratio and net investment income ratio for the current period have been annualized. |

---

---

| | |
|:---|:---|
| 1 | Calculated based on average shares outstanding. |
| 2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.09%. |

---

See accompanying Notes, which are an integral part of the Financial Statements.

------

Pennsylvania Long-Term Tax-Exempt Fund

Notes to Financial Statements

Vanguard Pennsylvania Long-Term Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers two classes of shares: Investor Shares and Admiral Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors.

**A.** The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.

1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and other temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities' primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.

2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund's performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.

Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.

During the six months ended May 31, 2025, the fund's average investments in long and short futures contracts represented 1% and less than 1% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.

3. MMD Rate Locks: The fund enters into Municipal Market Data (MMD) Rate Lock contracts to lock in a specified municipal interest rate for a portion of the fund to preserve a return on a particular investment or a portion of the fund as a duration management technique or to protect against market interest rate risk for anticipated purchase of municipal bonds. Under the terms of the contracts, both parties agree to make payments to each other on a notional amount, contingent upon whether the reference index rate is above or below a strike rate on the termination date of the contract. The fund may buy (long) an MMD Rate Lock and if the referenced MMD AAA Index is below the strike rate on the termination date, the counterparty will make a payment to the fund. If the MMD AAA Index is above the strike rate on the termination date, the fund will make a payment to the counterparty. The fund may also sell (short) an MMD Rate Lock. The contract terms of a short position will move in the opposite direction as a long position.

The primary risk associated with MMD rate locks is that municipal yields will move in the opposite direction than anticipated by a fund, which would cause the fund to make payments to its counterparty in the transaction that could adversely affect the fund's performance. A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund's maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty's default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.

The notional amounts of swap contracts are not recorded in the Statement of Assets and Liabilities. MMD rate locks are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are terminated, at which time realized gain (loss) is recorded.

During the six months ended May 31, 2025, the fund's average amount of investments in MMD rate locks represented less than 1% of net assets, based on the average of notional amounts at each quarter-end during the period.

4. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually all of its income. The fund's tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund's tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund's financial statements.

------

Pennsylvania Long-Term Tax-Exempt Fund

5. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.

6. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund's regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund's board of trustees and included in Management and Administrative expenses on the fund's Statement of Operations. Any borrowings under either facility bear interest at an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.

In accordance with an exemptive order (the "Order") from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the "Interfund Lending Program"), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund's investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day's notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.

For the six months ended May 31, 2025, the fund did not utilize the credit facilities or the Interfund Lending Program.

7. Other: Interest income is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.

Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses), shareholder reporting, and proxy fees. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.

**B.** In accordance with the terms of a Funds' Service Agreement (the "FSA") between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing,
and distribution services at Vanguard's cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are
generally settled twice a month.

Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At May 31, 2025, the fund had contributed to Vanguard capital in the amount of $99,000, representing less than 0.01% of the fund's net assets and 0.04% of Vanguard's capital received pursuant to the FSA. The fund's trustees and officers are also directors and employees, respectively, of Vanguard.

**C.** The fund's custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended May 31, 2025, custodian fee offset
arrangements reduced the fund's expenses by $21,000 (an annual rate of less than 0.01% of average net assets).

**D.** Various inputs may be used to determine the value of the fund's investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes.
The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

#### Level 1 —Quoted prices in active markets for identical securities.

#### Level 2 —Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
**Level 3—Significant unobservable inputs (including the fund's own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.**

------

Pennsylvania Long-Term Tax-Exempt Fund

The following table summarizes the market value of the fund's investments and derivatives as of May 31, 2025, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1<br> ($000) | &nbsp;&nbsp;&nbsp;Level 2<br> ($000) | &nbsp;&nbsp;&nbsp;Level 3<br> ($000) | &nbsp;&nbsp;&nbsp;Total<br> ($000) |
| **Investments** |  |  |  |  |
| Assets |  |  |  |  |
| Tax-Exempt Municipal Bonds |  | &nbsp;&nbsp;&nbsp;3628872 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;3628872 |
| Taxable Municipal Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3732 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3732 |
| Total |  | &nbsp;&nbsp;&nbsp;3632604 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;3632604 |
| **Derivative Financial Instruments** |  |  |  |  |
| Assets |  |  |  |  |
| Futures Contracts<sup>1</sup> | &nbsp;&nbsp;&nbsp;131 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;131 |
| Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;283 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;283 |
| Total | &nbsp;&nbsp;&nbsp;131 | &nbsp;&nbsp;&nbsp;283 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;414 |
| Liabilities |  |  |  |  |
| Futures Contracts<sup>1</sup> | (127) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(127) |

---

1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day's variation margin is reported within the Statement of Assets and Liabilities.

**E.** As of May 31, 2025, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;Amount<br> ($000) |
| Tax Cost | &nbsp;&nbsp;&nbsp;3856052 |
| Gross Unrealized Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11512 |
| Gross Unrealized Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;(234673) |
| Net Unrealized Appreciation (Depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;(223161) |

---

The fund's tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at November 30, 2024, the fund had available capital losses totaling $75,567,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending November 30, 2025; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.

**F.** During the six months ended May 31, 2025, the fund purchased $462,812,000 of investment securities and sold $444,099,000 of investment securities, other than temporary cash investments.

The fund purchased securities from and sold securities to other Vanguard funds or accounts managed by Vanguard or its affiliates, in accordance with procedures adopted by the board of trustees in compliance with Rule 17a-7 of the Investment Company Act of 1940. For the six months ended May 31, 2025, such purchases were $17,295,000 and sales were $6,235,000, resulting in net realized gain (loss) of $0; these amounts, other than temporary cash investments, are included in the purchases and sales of investment securities noted above.

**G.** Capital share transactions for each class of shares were:

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Six Months Ended<br> May 31, 2025 | Six Months Ended<br> May 31, 2025 | &nbsp;&nbsp;&nbsp;Year Ended<br> November 30, 2024 | &nbsp;&nbsp;&nbsp;Year Ended<br> November 30, 2024 |
|  | Amount<br> ($000) | &nbsp;&nbsp;Shares<br> (000) | &nbsp;&nbsp;Amount<br> ($000) | &nbsp;&nbsp;Shares<br> (000) |
| **Investor Shares** |  |  |  |  |
| Issued | &nbsp;&nbsp;&nbsp;&nbsp;36379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6383 |
| Issued in Lieu of Cash Distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752 |
| Redeemed | &nbsp;&nbsp;(43048) | &nbsp;&nbsp;&nbsp;&nbsp;(4053) | &nbsp;&nbsp;&nbsp;&nbsp;(71714) | &nbsp;&nbsp;&nbsp;&nbsp;(6626) |
| Net Increase (Decrease)—Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp;(2437) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(228) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509 |
| **Admiral Shares** |  |  |  |  |
| Issued | &nbsp;&nbsp;290721 | &nbsp;&nbsp;&nbsp;&nbsp;27391 | &nbsp;&nbsp;&nbsp;&nbsp;588067 | &nbsp;&nbsp;&nbsp;&nbsp;54292 |
| Issued in Lieu of Cash Distributions | &nbsp;&nbsp;&nbsp;&nbsp;39346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7012 |
| Redeemed | (315540) | &nbsp;&nbsp;(29701) | &nbsp;&nbsp;(479279) | &nbsp;&nbsp;(44272) |
| Net Increase (Decrease)—Admiral Shares | &nbsp;&nbsp;&nbsp;&nbsp;14527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1386 | &nbsp;&nbsp;&nbsp;&nbsp;184750 | &nbsp;&nbsp;&nbsp;&nbsp;17032 |

---

**H.** Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, political or regulatory conditions, or other events, can adversely affect local and
global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund's investments and fund performance.

------

Pennsylvania Long-Term Tax-Exempt Fund

To the extent the fund's investment portfolio reflects concentration in a particular market, industry, sector, country or asset class, the fund may be adversely affected by the performance of these concentrations and may be subject to increased price volatility and other risks.

Credit risk is the risk that a counterparty to a transaction or an issuer of a financial instrument will fail to pay interest and principal when due, or that perceptions of the issuer's ability to make such payments will cause the price of an investment to decline. Investment in debt securities will generally increase credit risk.

The use of derivatives may expose the fund to various risks. Derivatives can be highly volatile, and any initial investment is generally small relative to the notional amount so that transactions may be leveraged in terms of market exposure. A relatively small market movement may have a potentially larger impact on derivatives than on standard securities. Leveraged derivatives positions can, therefore, increase volatility. Additional information regarding the fund's use of derivative(s) and the specific risks associated is described under significant accounting policies.

**I.** The fund adopted Accounting Standards Update 2023-07, Segment Reporting - Improvements to Reportable Segment Disclosures. The new guidance did not change how the fund identifies operating segments but did require
incremental disclosure of information not previously required. Operating segments are components of an entity that engage in business activities, have discrete financial information available, and have their operating
results regularly reviewed by a chief operating decision maker ("CODM"). The fund is considered a single segment. Vanguard's chief executive officer, chief investment officer, and chief financial
officer, who are also officers of the fund, as well as the fund's chief financial officer collectively act as the CODM. Vanguard has established various management committees to assist the CODM with overseeing
aspects of the fund's daily operations. Through these committees, the CODM manages the fund's operations to achieve a single investment objective, as detailed in its prospectus, through the execution of
the fund's investment strategies. When assessing segment performance and making decisions about segment resources, the CODM relies on the fund's portfolio composition, total returns, expense ratios and
changes in net assets which are consistent with the information contained in the fund's financial statements. Segment assets, liabilities, income, and expenses are also detailed in the accompanying financial
statements.

**J.** Management has determined that no subsequent events or transactions occurred through the date the financial statements were issued that would require recognition or disclosure in
these financial statements.

Q772 072025

------

**Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.**

Not applicable.

**Item 9: Proxy Disclosures for Open-End Management Investment Companies.**

At a special meeting of shareholders on February 26, 2025, shareholders of Vanguard Pennsylvania Tax-Free Funds (the "Trust") approved the following proposal:

Proposal 1—Elect Trustees for each fund.\*

The individuals listed in the table below were elected as Trustees. All Trustees with the exception of Mr. Murphy; Ms. Patterson; Mr. Ramji; and Ms. Venneman, served as Trustees prior to the shareholder meeting. Each vote reported below represents one dollar of the total combined net asset value of the Trust's shares held on the record date of November 26, 2024.

---

| | | | | |
|:---|:---|:---|:---|:---|
| Trustee | Votes For | Votes Withheld | Abstained | Broker<br> Non-Votes |
| Tara Bunch | 3366809332 | 21170425 | N/A | N/A |
| Mark Loughridge | 3308696903 | 79282844 | N/A | N/A |
| Scott C. Malpass | 3312110726 | 75869021 | N/A | N/A |
| John Murphy | 3369480284 | 18499463 | N/A | N/A |
| Lubos Pastor | 3366491920 | 21487827 | N/A | N/A |
| Rebecca Patterson | 3369457276 | 18522471 | N/A | N/A |
| André F. Perold | 3361614605 | 26365142 | N/A | N/A |
| Salim Ramji | 3365294850 | 22684897 | N/A | N/A |
| Sarah Bloom Raskin | 3363917495 | 24062252 | N/A | N/A |
| Grant Reid | 3368528108 | 19451639 | N/A | N/A |
| David Thomas | 3368285716 | 19694031 | N/A | N/A |
| Barbara Venneman | 3369581578 | 18398169 | N/A | N/A |
| Peter F. Volanakis | 3307411465 | 80568282 | N/A | N/A |

---

\* Results are for all funds within the same Trust.

**Item 10: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.**

Not applicable. The Trustees' Fees and Expenses are included in the financial statements filed under Item 7 of this Form.

**Item 11: Statement Regarding Basis for Approval of Investment Advisory Contracts.**

**Trustees Approve Advisory Arrangement**

The board of trustees of Vanguard Pennsylvania Long-Term Tax-Exempt Fund has renewed the fund's investment advisory arrangement with The Vanguard Group, Inc. (Vanguard), through its Fixed Income Group. The board determined that continuing the fund's internalized management structure was in the best interests of the fund and its shareholders.

The board based its decision upon an evaluation of the advisor's investment staff, portfolio management process, and performance. This evaluation included information provided to the board by Vanguard's Oversight and Manager Search team, which is responsible for fund and advisor oversight and product management. The Oversight and Manager Search team met regularly with the advisor and made presentations to the board during the fiscal year that directed the board's focus to relevant information and topics.

The board, or an investment committee made up of board members, also received information throughout the year during advisor presentations conducted by the Oversight and Manager Search team. For each advisor presentation, the board was provided with letters and reports that included information about, among other things, the advisory firm and the advisor's assessment of the investment environment, portfolio performance, and portfolio characteristics.

In addition, the board received periodic reports throughout the year, which included information about the fund's performance relative to its peers and benchmark, as applicable, and updates, as needed, on the Oversight and Manager Search team's ongoing assessment of the advisor.

Prior to their meeting, the trustees were provided with a memo and materials that summarized the information they received over the course of the year. They also considered the factors discussed below, among others. However, no single factor determined whether the board approved the arrangements. Rather, it was the totality of the circumstances that drove the board's decision.

**Nature, extent, and quality of services**

The board reviewed the quality of the fund's investment management services over both the short and long term, and took into account the organizational depth and stability of the advisor. The board considered that Vanguard has been managing investments for more than four decades. The Fixed Income Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.

The board concluded that Vanguard's experience, stability, depth, and performance, among other factors, warranted continuation of the advisory arrangement.

**Investment performance**

The board considered the short- and long-term performance of the fund, including any periods of outperformance or underperformance compared with a relevant benchmark index and peer group. The board concluded that the performance was such that the advisory arrangement should continue.

**Cost**

The board concluded that the fund's expense ratio was below the average expense ratio charged by funds in its peer group and that the fund's advisory expenses were also below the peer-group average.

The board does not conduct a profitability analysis of Vanguard because of Vanguard's unique structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees.

**The benefit of economies of scale**

The board concluded that the fund's arrangement with Vanguard ensures that the fund will realize economies of scale as it grows, with the cost to shareholders declining as fund assets increase.

The board will consider whether to renew the advisory arrangement again after a one-year period.

**Item 12: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.**

Not applicable.

**Item 13: Portfolio Managers of Closed-End Management Investment Companies.**

Not applicable.

**Item 14**: **Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.**

Not applicable.

**Item 15**: **Submission of Matters to a Vote of Security Holders.**

Not applicable.

**Item 16**: **Controls and Procedures.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant's Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Internal Control Over Financial Reporting. There were no changes in the Registrant's Internal Control Over Financial Reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

**Item 17**: **Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

Not applicable.

**Item 18: Recovery of Erroneously Awarded Compensation.**

Not applicable.

**Item 19: Exhibits.**

---

| | |
|:---|:---|
| (a)(1) | Not applicable. |
| [(a)(2)](tm2517409d2_ex99-cert.htm) | [Certifications filed herewith.](tm2517409d2_ex99-cert.htm) |
| [(a)(2)](tm2517409d2_ex99-906cert.htm) | [Certifications filed herewith.](tm2517409d2_ex99-906cert.htm) |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
|  | VANGUARD PENNSYLAVNIA TAX-FREE FUNDS |
| BY: | /s/ SALIM RAMJI\* |
|  | <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;SALIM RAMJI |
|  | CHIEF EXECUTIVE OFFICER |

---

Date: July 22, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
|  | VANGUARD PENNSYLVANIA TAX-FREE FUNDS |
| BY: | /s/ SALIM RAMJI\* |
|  | <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;SALIM RAMJI |
|  | CHIEF EXECUTIVE OFFICER |

---

Date: July 22, 2025

---

| | |
|:---|:---|
|  | VANGUARD PENNSYLVANIA TAX-FREE FUNDS |
| BY: | /s/ CHRISTINE BUCHANAN\* |
|  | <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;CHRISTINE BUCHANAN |
|  | CHIEF FINANCIAL OFFICER |

---

Date: July 22, 2025

---

| | |
|:---|:---|
| \* By: | <u>/s/ Tonya T. Robinson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |

---

Tonya T. Robinson, pursuant to a [Power of Attorney](https://www.sec.gov/Archives/edgar/data/1532203/000168386325001428/f40903d9.htm) filed on February 28, 2025 (see File Number 333-177613), Incorporated by Reference.

## Ex-99.Cert

**Exhibit 99.CERT**

<u>CERTIFICATIONS</u>

I, Salim Ramji, certify that:

1. I have reviewed this report on Form N-CSR of Vanguard Pennsylvania Tax-Free Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: July 22, 2025

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| |
|:---|
| /s/ Salim Ramji |
| Salim Ramji |
| Chief Executive Officer |

---

<u>CERTIFICATIONS</u>

I, Christine Buchanan, certify that:

1. I have reviewed this report on Form N-CSR of Vanguard Pennsylvania Tax-Free Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: July 22, 2025

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| |
|:---|
| /s/ Christine Buchanan |
| Christine Buchanan |
| Chief Financial Officer |

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## Exhibit 99.906

**Exhibit 99.906CERT**

**Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to**

**Section 906 of the Sarbanes-Oxley Act of 2002**

Name of Issuer: **<u>Vanguard Pennsylvania Tax-Free Funds</u>**

In connection with the Report on Form N-CSR of the above-named issuer that is accompanied by this certification, the undersigned hereby certifies, to his knowledge, that:

1. The Report fully complies with the requirements of Section 13(a) or
 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material
 respects, the financial condition and results of operations of the issuer.

Date: July 22, 2025

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| |
|:---|
| /s/ Salim Ramji |
| Salim Ramji |
| Chief Executive Officer |

---

**Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to**

**Section 906 of the Sarbanes-Oxley Act of 2002**

Name of Issuer: **<u>Vanguard Pennsylvania Tax-Free Funds</u>**

In connection with the Report on Form N-CSR of the above-named issuer that is accompanied by this certification, the undersigned hereby certifies, to her knowledge, that:

1. The Report fully complies with the requirements of Section 13(a) or
 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material
 respects, the financial condition and results of operations of the issuer.

Date: July 22, 2025

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| |
|:---|
| /s/ Christine Buchanan |
| Christine Buchanan |
| Chief Financial Officer |

---