N-Q 1 patax_final.htm NQ - PA TAX FREE patax_final.htm - Generated by SEC Publisher for SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT COMPANY

Investment Company Act file number:  811-4571
 
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:  Heidi Stam, Esquire 
  P.O. Box 876 
  Valley Forge, PA 19482 
 
Date of fiscal year end:  November 30
Date of reporting period:  August 31, 2009

Item 1: Schedule of Investments


Vanguard Pennsylvania Tax-Exempt Money Market Fund

Schedule of Investments As of August 31, 2009

              Face      Market  
      Maturity        Amount      Value  
                                                                       Coupon   Date      ($ 000 )  ($ 000  ) 
Tax-Exempt Municipal Bonds (100.0%)                         
Pennsylvania (96.4%)                         
 
 
1 Abington PA School District TOB VRDO  0.270 %  9/8/09  LOC     7,500         7,500 
   Adams County PA IDA (Gettysburg                         
       College) VRDO  0.230 %  9/8/09  LOC     5,750         5,750 
1 Allegheny County PA GO TOB VRDO  0.440 %  9/8/09  (13 )    25,985         25,985 
   Allegheny County PA GO VRDO  0.310 %  9/8/09  LOC     37,300         37,300 
   Allegheny County PA GO VRDO  0.310 %  9/8/09  LOC     14,455         14,455 
   Allegheny County PA Higher Educ.                         
       Building Auth. (Carnegie Mellon Univ.)                         
       VRDO  0.150 %  9/1/09        45,720         45,720 
   Allegheny County PA Higher Educ.                         
       Building Auth. (Point Park Univ.) VRDO  0.290 %  9/8/09  LOC     15,455         15,455 
   Allegheny County PA Hosp. Dev. Auth.                         
       Rev. (Presbyterian Univ. Health System)                         
       VRDO  0.220 %  9/8/09  LOC     4,935         4,935 
   Allegheny County PA Hosp. Dev. Auth.                         
       Rev. (Presbyterian Univ. Health System)                         
       VRDO  0.230 %  9/8/09  LOC     17,000         17,000 
   Allegheny County PA Hosp. Dev. Auth.                         
       Rev. (Presbyterian Univ. Health System)                         
       VRDO  0.230 %  9/8/09  LOC     17,200         17,200 
1 Allegheny County PA Hosp. Dev. Auth.                         
       Rev. (Univ of Pittsburgh Medical Center)                         
       TOB VRDO  0.390 %  9/8/09  LOC     54,990         54,990 
1 Allegheny County PA Hosp. Dev. Auth.                         
       Rev. (Univ of Pittsburgh Medical Center)                         
       TOB VRDO  0.390 %  9/8/09  LOC     51,930         51,930 
   Allegheny County PA IDA Health Care                         
       Rev. (Vincentian Collaborative) VRDO  0.290 %  9/8/09  LOC     7,725         7,725 
   Allegheny County PA IDA Rev.                         
       (Residential Rental) VRDO  0.580 %  9/8/09  LOC     2,765         2,765 
   Allegheny County PA IDA Rev. (Western                         
       PA School for Blind Children) PUT  1.300 %  7/1/10        14,200         14,200 
   Beaver County PA IDA PCR (FirstEnergy)                         
       VRDO  0.130 %  9/1/09  LOC     26,400         26,400 
   Beaver County PA IDA PCR (FirstEnergy)                         
       VRDO  0.150 %  9/1/09  LOC     17,700         17,700 
   Beaver County PA IDA PCR (FirstEnergy)                         
       VRDO  0.270 %  9/8/09  LOC     23,200         23,200 
   Beaver County PA IDA PCR (FirstEnergy)                         
       VRDO  0.270 %  9/8/09  LOC     52,250         52,250 
   Beaver County PA IDA PCR (FirstEnergy)                         
       VRDO  0.300 %  9/8/09  LOC     60,500         60,500 
   Beaver County PA IDA PCR (Met Edison                         
       Co.) VRDO  0.300 %  9/8/09  LOC     10,000         10,000 
   Beaver County PA IDA PCR (FirstEnergy)                         
       VRDO  0.320 %  9/8/09  LOC     62,600         62,600 


   Beaver County PA IDA PCR (Pennsylvania               
       Electric Co. Project) VRDO  0.400 %  9/8/09  LOC   9,000  9,000 
   Beaver County PA IDA PCR VRDO  0.770 %  9/8/09      8,300  8,300 
   Berks County PA Hosp. Rev. (Reading               
       Hosp. & Medical Center) PUT  0.660 %  1/14/10      11,000  11,000 
1 Berks County PA Hosp. Rev. (Reading               
       Hosp. & Medical Center) TOB VRDO  0.390 %  9/8/09  LOC   15,995  15,995 
   Berks County PA Hosp. Rev. (Reading               
       Hosp. & Medical Center) VRDO  0.240 %  9/8/09      30,000  30,000 
   Berks County PA Hosp. Rev. (Reading               
       Hosp. & Medical Center) VRDO  0.280 %  9/8/09      15,000  15,000 
   Berks County PA Hosp. Rev. (Reading               
       Hosp. & Medical Center) VRDO  0.280 %  9/8/09      33,405  33,405 
   Berks County PA IDA (Kutztown Univ.)               
       VRDO  0.330 %  9/8/09  LOC   14,115  14,115 
   Berks County PA Muni Auth. Incremental               
       Draw Rev. (Albright College) VRDO  0.280 %  9/8/09  LOC   25,500  25,500 
   Bucks County PA IDA (Grand View Hosp.)               
       VRDO  0.220 %  9/8/09  LOC   20,700  20,700 
   Bucks County PA IDA (Grand View Hosp.)               
       VRDO  0.250 %  9/8/09  LOC   8,650  8,650 
   Bucks County PA IDA (Pennswood Village               
       Project) VRDO  0.350 %  9/8/09  LOC   8,375  8,375 
   Bucks County PA IDA (Pennswood Village               
       Project) VRDO  0.350 %  9/8/09  LOC   8,400  8,400 
   Bucks County PA IDA Econ. Dev. Rev.               
       (Law School Admission Council) VRDO  0.330 %  9/8/09  LOC   15,300  15,300 
   Butler County PA General Auth. Rev.               
       (Hampton Township) VRDO  0.380 %  9/8/09  (4 )  21,480  21,480 
   Butler County PA General Auth. Rev.               
       (Hampton Township) VRDO  0.430 %  9/8/09  (4 )  7,175  7,175 
   Butler County PA Hosp. Auth. Rev. (Butler               
       Health System Project) VRDO  0.280 %  9/8/09  LOC   6,440  6,440 
   Cambria County PA IDA Rev. (American               
       National Red Cross) VRDO  0.230 %  9/8/09  LOC   4,500  4,500 
   Chambersburg PA Auth. Rev. (Wilson               
       College Project) VRDO  0.330 %  9/8/09  LOC   31,180  31,180 
   Chester County PA Health & Educ. Fac.               
       Auth. Rev. (Jefferson Health System)               
       VRDO  0.240 %  9/8/09      31,825  31,825 
   Chester County PA Health & Educ. Fac.               
       Auth. Rev. (Jefferson Health System)               
       VRDO  0.270 %  9/8/09      13,255  13,255 
   Chester County PA IDA (Archdiocese of               
       Philadelphia) VRDO  0.220 %  9/1/09  LOC   1,450  1,450 
1 Chester County PA IDA Water Fac. Rev.               
       TOB VRDO  0.410 %  9/8/09  (13 )  15,935  15,935 
1 Chester County PA TOB VRDO  0.320 %  9/8/09      4,995  4,995 
   Cumberland County PA Muni. Auth. Rev.               
       (Asbury Obligated Group) VRDO  0.280 %  9/8/09  LOC   5,470  5,470 
   Dallastown Area School Dist. VRDO  0.550 %  9/8/09  (4 )  7,000  7,000 
   Dauphin County PA General Auth. Hosp.               
       Rev. (Reading Hosp. & Medical Center)               
       VRDO  0.270 %  9/8/09      7,855  7,855 
   Dauphin County PA VRDO  0.240 %  9/8/09      7,625  7,625 
   Delaware County PA Auth. Rev.               
       (Haverford College) VRDO  0.190 %  9/8/09      29,315  29,315 


   Delaware County PA Auth. Univ. Rev.               
       (Villanova Univ.) VRDO  0.330 %  9/8/09  LOC   7,525  7,525 
   Delaware County PA Auth. Univ. Rev.               
       (Villanova Univ.) VRDO  0.330 %  9/8/09  LOC   12,525  12,525 
   Delaware County PA Hosp. Auth. Rev.               
       (Crozer-Chester Medical Center) VRDO  0.430 %  9/8/09  LOC   3,900  3,900 
   Delaware County PA IDA Airport Fac.               
       (United Parcel Service) VRDO  0.100 %  9/1/09      37,200  37,200 
   Delaware County PA IDA PCR (BP               
       Exploration & Oil) VRDO  0.130 %  9/1/09      27,450  27,450 
   Delaware County PA IDA PCR (BP               
       Exploration & Oil) VRDO  0.130 %  9/1/09      1,800  1,800 
   Delaware County PA IDA Refunding               
       Resource Recovery Fac. (General               
       Electric Capital Corp.) VRDO  0.260 %  9/8/09      8,595  8,595 
   Delaware County PA IDA Refunding               
       Resource Recovery Fac. (General               
       Electric Capital Corp.) VRDO  0.260 %  9/8/09      44,100  44,100 
1 Delaware County PA IDA Rev. (Aqua PA               
       Inc.) TOB VRDO  0.410 %  9/8/09  (13 )  9,915  9,915 
   Delaware County PA IDA Solid Waste               
       Rev. (Scott Paper Co.) VRDO  0.450 %  9/8/09      17,000  17,000 
   Delaware County PA IDA Solid Waste               
       Rev. (Scott Paper Co.) VRDO  0.450 %  9/8/09      14,900  14,900 
   Delaware County PA IDA Solid Waste               
       Rev. (Scott Paper Co.) VRDO  0.450 %  9/8/09      21,675  21,675 
   Delaware River Port Auth. Pennsylvania &               
       New Jersey Rev. VRDO  0.220 %  9/8/09  LOC   18,200  18,200 
   Doylestown PA Hosp. Auth. Hosp. Rev.               
       VRDO  0.250 %  9/8/09  LOC   11,700  11,700 
   Emmaus PA General Auth. Rev. VRDO  0.270 %  9/8/09  LOC   6,500  6,500 
   Emmaus PA General Auth. Rev. VRDO  0.300 %  9/8/09  LOC   2,200  2,200 
   Emmaus PA General Auth. Rev. VRDO  0.300 %  9/8/09  LOC   4,800  4,800 
   Emmaus PA General Auth. Rev. VRDO  0.300 %  9/8/09  LOC   1,200  1,200 
   Fayette County PA Hosp. Auth. Rev.               
       (Fayette Regional Health System)               
       VRDO  0.290 %  9/8/09  LOC   14,800  14,800 
   Franklin County PA IDA Rev. (Menno               
       Haven Inc. Project) VRDO  0.260 %  9/8/09  LOC   6,380  6,380 
   Geisinger Health System Auth. of               
       Pennsylvania Rev. (Penn State               
       Geisinger Health System) VRDO  0.120 %  9/1/09      22,415  22,415 
   Geisinger Health System Auth. of               
       Pennsylvania Rev. (Penn State               
       Geisinger Health System) VRDO  0.120 %  9/1/09      6,150  6,150 
1 Geisinger Health System Auth. of               
       Pennsylvania Rev. TOB VRDO  0.300 %  9/8/09      11,250  11,250 
1 Geisinger Health System Auth. of               
       Pennsylvania Rev. TOB VRDO  0.300 %  9/8/09      4,975  4,975 
1 Geisinger Health System Auth. of               
       Pennsylvania Rev. TOB VRDO  0.300 %  9/8/09      8,620  8,620 
   Geisinger Health System Auth. of               
       Pennsylvania Rev. VRDO  0.130 %  9/1/09      11,750  11,750 
   Geisinger Health System Auth. of               
       Pennsylvania Rev. VRDO  0.130 %  9/1/09      22,500  22,500 
   Governor Mifflin PA School Dist. BAN  1.250 %  5/15/10      3,000  3,012 
   Haverford Township PA School Dist.               
       VRDO  0.300 %  9/8/09  LOC   5,000  5,000 


   Lancaster County PA Convention Center               
       Auth. Rev. (Hotel Room) VRDO  0.280 %  9/8/09  LOC   39,695  39,695 
   Lancaster County PA Convention Center               
       Auth. Rev. (Hotel Room) VRDO  0.280 %  9/8/09  LOC   10,600  10,600 
   Latrobe PA IDA Rev. (Greensburg               
       Diocese) VRDO  1.000 %  9/8/09  LOC   4,610  4,610 
   Lehigh County PA General Purpose Hosp.               
       Auth. Rev. (Muhlenberg College) VRDO  0.280 %  9/8/09  LOC   7,500  7,500 
   Lower Merion PA School Dist. GO VRDO  0.200 %  9/8/09  LOC   5,000  5,000 
   Lower Merion PA School Dist. GO VRDO  0.230 %  9/8/09  LOC   5,250  5,250 
1 Luzerne County PA IDA (Water Facility)               
       TOB VRDO  0.520 %  9/8/09  (13 )  5,000  5,000 
   Manheim Township PA School Dist. VRDO  0.450 %  9/8/09  (4 )  11,925  11,925 
   Marple Newtown School Dist. TRAN  2.250 %  6/30/10      5,415  5,494 
   Monroe County PA Hosp. Auth. Rev.               
       (Pocono Medical Center) VRDO  0.270 %  9/8/09  LOC   21,360  21,360 
   Montgomery County PA IDA PCR (Exelon               
       Generation Co.) CP  0.400 %  9/1/09  LOC   9,150  9,150 
   Montgomery County PA IDA PCR (PECO               
       Energy) VRDO  0.350 %  9/8/09  LOC   6,720  6,720 
   Montgomery County PA IDA Rev.               
       (Archdiocese Philadelphia) VRDO  0.250 %  9/8/09  LOC   13,500  13,500 
   Montgomery County PA IDA Rev.               
       (Northwestern Human Services) VRDO  0.300 %  9/8/09  LOC   11,880  11,880 
   Montgomery County PA IDA Rev. (The               
       Shipley School) VRDO  0.330 %  9/8/09  LOC   14,500  14,500 
   North Penn PA School Dist. BAN  1.750 %  4/15/10      22,000  22,145 
   Northampton County PA General Purpose               
       Auth. Univ. Rev. (Lafayette College)               
       VRDO  0.230 %  9/8/09      18,000  18,000 
   Northampton County PA General Purpose               
       Auth. Univ. Rev. (Lafayette College)               
       VRDO  0.230 %  9/8/09      3,120  3,120 
   Northampton County PA General Purpose               
       Auth. Univ. Rev. (Lafayette College)               
       VRDO  0.230 %  9/8/09      10,850  10,850 
1 Northampton County PA General Purpose               
       Auth. Univ. Rev. (Lehigh Univ.) TOB               
       VRDO  0.290 %  9/8/09  LOC   21,375  21,375 
   Northampton County PA General Purpose               
       Auth. Univ. Rev. (Lehigh Univ.) VRDO  0.220 %  9/8/09      13,420  13,420 
   Northampton County PA General Purpose               
       Auth. Univ. Rev. (Lehigh Univ.) VRDO  0.220 %  9/8/09      20,825  20,825 
   Northampton County PA Higher Educ.               
       Auth. Rev. (Lehigh Univ.) VRDO  0.220 %  9/8/09      4,700  4,700 
   Northeastern PA Hosp. & Educational               
       Auth. Rev. (Commonwealth Medical               
       College Project) VRDO  0.250 %  9/8/09  LOC   5,700  5,700 
   Norwin PA School Dist. GO  5.000 %  4/1/10  (Prere.)   6,390  6,557 
   Pennsylvania Econ. Dev. Financing Auth.               
       Fac. Rev. (Jefferson Health) VRDO  0.300 %  9/8/09      14,500  14,500 
   Pennsylvania Econ. Dev. Financing Auth.               
       Fac. Rev. (PSEG Power) VRDO  0.360 %  9/8/09  LOC   11,000  11,000 
   Pennsylvania Econ. Dev. Financing Auth.               
       Fac. Rev. (Wenger's Feed Mill) VRDO  0.630 %  9/8/09  LOC   5,655  5,655 
1 Pennsylvania Econ. Dev. Financing Auth.               
       Fac. Rev. (Wenger's Feed Mill) VRDO  0.630 %  9/8/09  LOC   6,100  6,100 


   Pennsylvania Econ. Dev. Financing Auth.               
       Fac. Rev. (York Water Co. Project)               
       VRDO  0.440 %  9/8/09  LOC   5,000  5,000 
   Pennsylvania Econ. Dev. Financing Auth.               
       VRDO  0.300 %  9/8/09  LOC   40,000  40,000 
   Pennsylvania Econ. Dev. Financing Auth.               
       Wastewater Treatment Rev. (Sunoco               
       Inc.) VRDO  0.170 %  9/8/09  LOC   29,700  29,700 
   Pennsylvania Econ. Dev. Financing Auth.               
       Wastewater Treatment Rev. (Sunoco               
       Inc.) VRDO  0.280 %  9/8/09  LOC   12,875  12,875 
   Pennsylvania GO  4.750 %  9/1/09      8,375  8,375 
   Pennsylvania GO  5.000 %  9/1/09      8,235  8,235 
   Pennsylvania GO  5.000 %  9/15/09      6,525  6,535 
   Pennsylvania GO  5.000 %  10/1/09      9,000  9,024 
   Pennsylvania GO  5.000 %  10/1/09      5,000  5,011 
   Pennsylvania GO  5.750 %  10/1/09  (Prere.)   10,675  10,818 
   Pennsylvania GO  5.750 %  10/1/09  (Prere.)   4,420  4,477 
   Pennsylvania GO  5.250 %  10/15/09      2,000  2,010 
   Pennsylvania GO  5.000 %  1/1/10      5,000  5,077 
   Pennsylvania GO  5.000 %  1/15/10      1,405  1,428 
   Pennsylvania GO  6.000 %  1/15/10  (Prere.)   5,000  5,151 
   Pennsylvania GO  5.250 %  2/1/10      19,045  19,406 
   Pennsylvania GO  5.000 %  3/1/10      10,000  10,219 
   Pennsylvania GO  2.000 %  3/15/10      9,225  9,297 
   Pennsylvania GO  2.000 %  4/15/10      16,830  16,998 
   Pennsylvania GO  5.000 %  7/1/10  (14 )  22,120  22,958 
   Pennsylvania GO  5.000 %  8/1/10      3,000  3,125 
1 Pennsylvania GO TOB VRDO  0.240 %  9/8/09      11,525  11,525 
1 Pennsylvania GO TOB VRDO  0.290 %  9/8/09      4,200  4,200 
1 Pennsylvania GO TOB VRDO  0.300 %  9/8/09      11,150  11,150 
1 Pennsylvania GO TOB VRDO  0.300 %  9/8/09      7,100  7,100 
1 Pennsylvania GO TOB VRDO  0.300 %  9/8/09      3,000  3,000 
1 Pennsylvania GO TOB VRDO  0.300 %  9/8/09      19,320  19,320 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev.  2.000 %  6/15/10      2,825  2,858 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Bryn Mawr College) PUT  0.750 %  2/10/10      10,000  10,000 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Drexel Univ.) VRDO  0.200 %  9/1/09  LOC   30,325  30,325 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Drexel Univ.) VRDO  0.280 %  9/8/09  LOC   30,000  30,000 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Drexel Univ.) VRDO  0.540 %  9/8/09  LOC   18,835  18,835 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Drexel Univ.) VRDO  0.590 %  9/8/09  LOC   22,500  22,500 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Gannon Univ.) VRDO  0.290 %  9/8/09  LOC   5,975  5,975 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Gwynedd Mercy College) VRDO  0.290 %  9/8/09  LOC   10,950  10,950 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Kings College) VRDO  0.290 %  9/8/09  LOC   4,000  4,000 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Philadelphia Univ.) VRDO  0.240 %  9/8/09  LOC   4,400  4,400 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (St. Joseph's Univ.) VRDO  0.270 %  9/8/09  LOC   7,595  7,595 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (St. Joseph's Univ.) VRDO  0.370 %  9/8/09  LOC   22,000  22,000 


   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Thomas Jefferson Univ.) VRDO  0.220 %  9/8/09  LOC   5,900  5,900 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Thomas Jefferson Univ.) VRDO  0.220 %  9/8/09  LOC   3,500  3,500 
1 Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Trustees of the Univ. of               
       Pennsylvania) TOB VRDO  0.300 %  9/8/09      8,240  8,240 
   Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (Univ. of Pennsylvania Health               
       System) VRDO  0.230 %  9/8/09  LOC   32,600  32,600 
1 Pennsylvania Higher Educ. Fac. Auth.               
       Rev. (UPMC Health System) TOB               
       VRDO  0.300 %  9/8/09      9,305  9,305 
1 Pennsylvania Housing and Finance               
       Agency TOB VRDO  0.410 %  9/8/09      4,940  4,940 
1 Pennsylvania Housing Finance Agency               
       Rev. (Single Family Mortgage) TOB               
       VRDO  0.410 %  9/8/09      10,055  10,055 
1 Pennsylvania Housing Finance Agency               
       Rev. (Single Family Mortgage) TOB               
       VRDO  0.410 %  9/8/09      35,185  35,185 
   Pennsylvania Housing Finance Agency               
       Rev. (Single Family Mortgage) VRDO  0.330 %  9/8/09      4,950  4,950 
   Pennsylvania Housing Finance Agency               
       Rev. (Single Family Mortgage) VRDO  0.330 %  9/8/09      17,160  17,160 
   Pennsylvania Housing Finance Agency               
       Rev. (Single Family Mortgage) VRDO  0.450 %  9/8/09      10,000  10,000 
   Pennsylvania Housing Finance Agency               
       Rev. (Single Family Mortgage) VRDO  0.450 %  9/8/09      25,105  25,105 
   Pennsylvania Housing Finance Agency               
       Rev. (Single Family Mortgage) VRDO  0.600 %  9/8/09      30,000  30,000 
   Pennsylvania Housing Finance Agency               
       Rev. VRDO  0.310 %  9/8/09      24,455  24,455 
   Pennsylvania Housing Finance Agency               
       Rev. VRDO  0.310 %  9/8/09      10,020  10,020 
   Pennsylvania Housing Finance Agency               
       Rev. VRDO  0.350 %  9/8/09      24,475  24,475 
   Pennsylvania Housing Finance Agency               
       Rev. VRDO  0.350 %  9/8/09      18,950  18,950 
   Pennsylvania Housing Finance Agency               
       Rev. VRDO  0.450 %  9/8/09      14,975  14,975 
   Pennsylvania Housing Finance Agency               
       Rev. VRDO  0.450 %  9/8/09      20,000  20,000 
   Pennsylvania Housing Finance Agency               
       Rev. VRDO  0.450 %  9/8/09      9,495  9,495 
1 Pennsylvania Housing Finance Agency               
       TOB VRDO  0.540 %  9/8/09      3,875  3,875 
1 Pennsylvania Intergovernmental               
       Cooperation Auth. Rev. TOB VRDO  0.300 %  9/8/09      5,050  5,050 
   Pennsylvania Intergovernmental               
       Cooperation Auth. Rev. VRDO  0.350 %  9/8/09  (4 )  11,655  11,655 
   Pennsylvania Intergovernmental               
       Cooperation Auth. Special Tax Rev.               
       (Philadelphia Funding Program)  2.000 %  6/15/10      27,940  28,297 
   Pennsylvania State Univ. Rev.  2.000 %  3/1/10      6,600  6,651 
   Pennsylvania State Univ. Rev. PUT  1.500 %  6/1/10      14,800  14,915 
1 Pennsylvania State Univ. Rev. TOB VRDO  0.300 %  9/8/09      6,095  6,095 
1 Pennsylvania State Univ. Rev. TOB VRDO  0.390 %  9/8/09      5,375  5,375 


1 Pennsylvania State Univ. TOB VRDO  0.260 %  9/8/09  LOC   25,290  25,290 
   Pennsylvania Turnpike Comm.               
       Registration Fee Rev. VRDO  0.450 %  9/8/09  (4 )  8,475  8,475 
1 Pennsylvania Turnpike Comm. Rev. TOB               
       VRDO  0.740 %  9/8/09  (12 )  4,325  4,325 
   Pennsylvania Turnpike Comm. Rev. VRDO  0.300 %  9/8/09  LOC   10,000  10,000 
   Pennsylvania Turnpike Comm. Rev. VRDO  0.300 %  9/8/09  LOC   58,800  58,800 
   Philadelphia PA Airport Rev. VRDO  0.320 %  9/8/09  LOC   25,400  25,400 
   Philadelphia PA Auth. for Individual               
       Healthcare Dev. Rev. VRDO  0.330 %  9/8/09  LOC   9,390  9,390 
   Philadelphia PA Auth. IDR (Girard Estate               
       Aramark Project) VRDO  0.270 %  9/8/09  LOC   13,750  13,750 
   Philadelphia PA Auth. IDR (Philadelphia               
       Museum of Art) VRDO  0.120 %  9/1/09  LOC   12,500  12,500 
   Philadelphia PA Gas Works Rev. VRDO  0.260 %  9/8/09  LOC   9,700  9,700 
   Philadelphia PA Hosp. & Higher Educ.               
       Fac. Auth. Rev. (Children's Hosp. of               
       Philadelphia) VRDO  0.120 %  9/1/09      1,800  1,800 
   Philadelphia PA Hosp. & Higher Educ.               
       Fac. Auth. Rev. (Children's Hosp. of               
       Philadelphia) VRDO  0.120 %  9/1/09      3,400  3,400 
   Philadelphia PA Hosp. & Higher Educ.               
       Fac. Auth. Rev. (Children's Hosp. of               
       Philadelphia) VRDO  0.120 %  9/1/09      4,800  4,800 
1 Philadelphia PA Hosp. & Higher Educ.               
       Fac. Auth. Rev. (Wills Eye Hosp.) VRDO  0.270 %  9/8/09  LOC   11,115  11,115 
1 Philadelphia PA IDA Rev. (Fox Chase               
       Cancer Center) TOB VRDO  0.390 %  9/8/09  LOC   12,000  12,000 
   Philadelphia PA IDA Rev. (William Penn               
       Charter) VRDO  0.290 %  9/8/09  LOC   5,000  5,000 
   Philadelphia PA IDA Rev. VRDO  0.200 %  9/8/09  LOC   48,800  48,800 
   Philadelphia PA School Dist. VRDO  0.220 %  9/8/09  LOC   22,600  22,600 
   Philadelphia PA School Dist. VRDO  0.220 %  9/8/09  LOC   5,000  5,000 
   Philadelphia PA School Dist. VRDO  0.330 %  9/8/09  LOC   30,000  30,000 
1 Philadelphia PA Water & Waste Water               
       Rev. TOB VRDO  0.270 %  9/8/09  (4 )  9,905  9,905 
1 Philadelphia PA Water & Waste Water               
       Rev. TOB VRDO  0.440 %  9/8/09  (13 )  45,210  45,210 
   Philadelphia PA Water & Waste Water               
       Rev. VRDO  0.330 %  9/8/09  LOC   43,455  43,455 
   Pittsburgh PA GO  5.000 %  9/1/09  (14)(ETM)   11,650  11,650 
   Pittsburgh PA School Dist. BAN  3.500 %  11/2/09      10,000  10,025 
   Red Lion PA School Dist. VRDO  0.450 %  9/8/09  (4 )  46,600  46,600 
   Ridley PA School Dist. VRDO  0.300 %  9/8/09  LOC   4,000  4,000 
   South Fork PA Hosp. Auth. Rev.               
       (Conemaugh Valley Hosp.) VRDO  0.280 %  9/8/09  LOC   20,980  20,980 
1 Southcentral Pennsylvania General Auth.               
       Rev. (Wellspan Health) TOB VRDO  0.290 %  9/8/09      9,970  9,970 
   Southeastern Pennsylvania Transp. Auth.               
       Rev. VRDO  0.250 %  9/8/09  LOC   14,200  14,200 
   St. Mary's Hosp. Auth. Bucks County PA               
       Rev. (Catholic Health Initiatives) VRDO  0.210 %  9/8/09      30,900  30,900 
   St. Mary's Hosp. Auth. Bucks County PA               
       Rev. (Catholic Health Initiatives) VRDO  0.220 %  9/8/09      9,900  9,900 
   State Public School Building Auth.               
       Pennsylvania College Rev. (North               
       Allegheny School Dist.) VRDO  0.260 %  9/8/09      18,145  18,145 


   State Public School Building Auth.               
       Pennsylvania School Rev. (Harrisburg               
       Project) VRDO  0.280 %  9/8/09  LOC   24,950  24,950 
   Temple Univ. of the Commonwealth               
       System RAN  1.250 %  4/16/10      120,000  120,625 
   Union County PA Higher Educ. Auth. Rev.               
       (Bucknell Univ.) VRDO  0.270 %  9/8/09      5,630  5,630 
1 Univ. of Pittsburgh Barclays TOB VRDO  0.340 %  9/8/09      6,665  6,665 
   Univ. of Pittsburgh PA Rev. CP  0.400 %  11/4/09      6,000  6,000 
   Univ. of Pittsburgh PA Rev. CP  0.400 %  12/9/09      12,500  12,500 
   Upper St. Claire PA VRDO  0.450 %  9/8/09  (4 )  25,460  25,460 
   West Chester PA Area School Dist. GO  1.750 %  9/15/09      5,290  5,292 
   Westmoreland County PA IDA Rev.               
       (Excela Project) VRDO  0.290 %  9/8/09  LOC   7,915  7,915 
   Wilkes-Barre PA Finance Auth. Rev. (King               
       College Project) VRDO  0.290 %  9/8/09  LOC   10,680  10,680 
   York County PA IDA (Crescent Industries               
       Inc.) VRDO  0.480 %  9/8/09  LOC   5,000  5,000 
   York County PA IDA (PECO) CP  0.400 %  11/19/09  LOC   18,440  18,440 
              3,407,885 
Puerto Rico (3.6%)               


1 Puerto Rico Aqueduct & Sewer Auth. Rev.                 
       TOB VRDO  0.510 %  9/8/09  (12 )  5,450  5,450  
1 Puerto Rico Electric Power Auth. Rev.                 
       TOB VRDO  0.310 %  9/8/09  (4 )  8,030  8,030  
1 Puerto Rico Highway & Transp. Auth. Rev.                 
       TOB VRDO  0.540 %  9/8/09  (12 )  19,400  19,400  
1 Puerto Rico Ind. Medical & Environmental                 
       Fac. Finance Auth. Rev. PCR (Abbott                 
       Laboratories) PUT  2.000 %  3/1/10      8,280  8,281  
1 Puerto Rico Sales Tax Financing Corp.                 
       Rev. TOB VRDO  0.320 %  9/8/09      19,800  19,800  
1 Puerto Rico Sales Tax Financing Corp.                 
       Rev. TOB VRDO  0.320 %  9/8/09  LOC   7,020  7,020  
1 Puerto Rico Sales Tax Financing Corp.                 
       Rev. TOB VRDO  0.340 %  9/8/09  LOC   7,425  7,425  
1 Puerto Rico Sales Tax Financing Corp.                 
       Rev. TOB VRDO  0.340 %  9/8/09  LOC   8,975  8,975  
1 Puerto Rico Sales Tax Financing Corp.                 
       Rev. TOB VRDO  0.390 %  9/8/09      4,875  4,875  
1 Puerto Rico Sales Tax Financing Corp.                 
       Rev. TOB VRDO  0.490 %  9/8/09      38,700  38,700  
              127,956  
Total Investments (100.0%) (Cost $3,535,841)           3,535,841  
Other Assets and Liabilities-Net (0.0%)              (967 ) 
Net Assets (100%)              3,534,874  

1      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 August 31, 2009, the aggregate value of these securities was $641,416,000, representing 18.1% of net assets.

Pennsylvania Tax-Exempt Money Market Fund

Key to Abbreviations

ARS - Auction Rate Security. BAN - Bond Anticipation Note. COP - Certificate of Participation. CP - Commercial Paper.

FR - Floating Rate.

GAN - Grant Anticipation Note. GO - General Obligation Bond.

IDA - Industrial Development Authority Bond. IDR - Industrial Development Revenue Bond. PCR - Pollution Control Revenue Bond.

PUT - Put Option Obligation.

RAN - Revenue Anticipation Note. TAN - Tax Anticipation Note.

TOB - Tender Option Bond.

TRAN - Tax Revenue Anticipation Note. UFSD - Union Free School District. USD - United School District.

VRDO - Variable Rate Demand Obligation. (ETM) - Escrowed to Maturity.

(Prere.) - Prerefunded.

Scheduled principal and interest payments are guaranteed by:

(1) MBIA (Municipal Bond Investors Assurance). (2) AMBAC (Ambac Assurance Corporation).

(3) FGIC (Financial Guaranty Insurance Company). (4) FSA (Financial Security Assurance).

(5) BIGI (Bond Investors Guaranty Insurance). (6) Connie Lee Inc.

(7) FHA (Federal Housing Authority).

(8) CapMAC (Capital Markets Assurance Corporation).

(9) American Capital Access Financial Guaranty Corporation. (10) XL Capital Assurance Inc.

(11) CIFG (CDC IXIS Financial Guaranty). (12) Assured Guaranty Corp.

(13) Berkshire Hathaway Assurance Corp. (14) National Public Finance Guarantee Corp.

The insurance does not guarantee the market value of the municipal bonds.

LOC - Scheduled principal and interest payments are guaranteed by bank letter of credit.


Pennsylvania Tax-Exempt Money Market Fund

Security Valuation: Securities are valued at amortized cost, which approximates market value.

Various inputs may be used to determine the value of the fund's investments. 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).

At August 31, 2009, 100% of the fund's investments were valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, securities valued at amortized cost are considered to be valued using Level 2 inputs.

.


Vanguard Pennsylvania Long-Term Tax-Exempt Fund

Schedule of Investments                       
As of August 31, 2009                       
 
 
 
              Face     Market  
      Maturity        Amount     Value  
  Coupon   Date      ($ 000) ($ 000)  
Tax-Exempt Municipal Bonds (98.8%)                       
Pennsylvania (94.8%)                       
   Abington PA School Dist. GO  5.000 %  4/1/32  (4 )    6,495     6,611  
   Adams County PA GO  5.300 %  5/15/11  (3)(Prere.)     10,240     11,022  
   Adams County PA IDA (Gettysburg                       
       College) VRDO  0.230 %  9/8/09  LOC     8,500     8,500  
   Allegheny County PA GO  0.000 %  4/1/10  (14 )    2,000     1,983  
   Allegheny County PA GO  5.250 %  5/1/11  (3)(Prere.)     3,000     3,222  
   Allegheny County PA GO  5.500 %  5/1/11  (3)(Prere.)     445     478  
   Allegheny County PA GO  5.750 %  5/1/11  (3)(Prere.)     730     788  
   Allegheny County PA GO  5.750 %  11/1/11  (14 )    995     1,058  
   Allegheny County PA GO  5.375 %  11/1/12  (14)(Prere.)     2,645     2,971  
   Allegheny County PA GO  5.375 %  11/1/12  (14)(Prere.)     2,000     2,247  
   Allegheny County PA GO  5.375 %  11/1/12  (14)(Prere.)     2,880     3,235  
   Allegheny County PA GO  5.375 %  11/1/12  (14)(Prere.)     3,725     4,184  
   Allegheny County PA GO  5.500 %  11/1/14  (14 )    605     631  
   Allegheny County PA GO  5.375 %  11/1/16  (14 )    4,100     4,522  
   Allegheny County PA GO  5.375 %  11/1/17  (14 )    3,600     3,970  
   Allegheny County PA GO  6.000 %  7/1/23  (14 )    5,745     6,307  
   Allegheny County PA GO  5.000 %  11/1/29        5,000     5,079  
   Allegheny County PA GO  5.000 %  11/1/32  (4 )    3,500     3,556  
   Allegheny County PA Higher Educ.                       
       Auth. Rev. (Univ. of Pittsburgh                       
       Medical Center Children's Hosp.)                       
       VRDO  0.280 %  9/8/09  LOC     26,500     26,500  
   Allegheny County PA Higher Educ.                       
       Building Auth. (Carnegie Mellon                       
       Univ.)  5.125 %  3/1/32        3,000     3,023  
   Allegheny County PA Hosp. Dev. Auth.                       
       Rev. (Magee Women's Hosp.)  6.000 %  10/1/10  (14 )    2,905     2,977  
   Allegheny County PA Hosp. Dev. Auth.                       
       Rev. (Univ. of Pittsburgh Medical                       
       Center)  5.000 %  6/15/13        2,000     2,162  
   Allegheny County PA Hosp. Dev. Auth.                       
       Rev. (Univ. of Pittsburgh Medical                       
       Center)  5.000 %  6/15/14        1,500     1,629  
   Allegheny County PA Hosp. Dev. Auth.                       
       Rev. (Univ. of Pittsburgh Medical                       
       Center)  5.000 %  9/1/14        25,000     27,525  
   Allegheny County PA Hosp. Dev. Auth.                       
       Rev. (Univ. of Pittsburgh Medical                       
       Center)  5.000 %  6/15/15        2,000     2,166  
   Allegheny County PA Hosp. Dev. Auth.                       
       Rev. (Univ. of Pittsburgh Medical                       
       Center)  5.000 %  6/15/18        7,000     7,265  
   Allegheny County PA Hosp. Dev. Auth.                       
       Rev. (Univ. of Pittsburgh)  6.000 %  7/1/26  (14 )    4,625     5,064  
   Allegheny County PA Hosp. Dev. Auth.                       
       Rev. (Univ. of Pittsburgh)  6.000 %  7/1/27  (14 )    9,325     10,184  


Allegheny County PA Port Auth. Rev.  5.375 %  3/1/12  (14 )  4,965  5,273 
Allegheny County PA Port Auth. Rev.  5.500 %  3/1/14  (14 )  2,355  2,479 
Allegheny County PA Port Auth. Rev.  5.500 %  3/1/16  (14 )  1,500  1,567 
Allegheny County PA Port Auth. Rev.  5.500 %  3/1/17  (14 )  2,750  2,863 
Allegheny County PA Sanitation Auth.               
   Sewer Rev.  5.500 %  12/1/10  (14)(Prere.)   6,880  7,311 
Allegheny County PA Sanitation Auth.               
   Sewer Rev.  6.000 %  12/1/10  (14 )  1,500  1,579 
Allegheny County PA Sanitation Auth.               
   Sewer Rev.  6.000 %  12/1/11  (14 )  1,490  1,585 
Allegheny County PA Sanitation Auth.               
   Sewer Rev.  5.750 %  12/1/12  (14 )  1,180  1,246 
Allegheny County PA Sanitation Auth.               
   Sewer Rev.  5.375 %  12/1/16  (14 )  3,545  3,727 
Allegheny County PA Sanitation Auth.               
   Sewer Rev.  5.500 %  12/1/16  (3)(ETM)   11,295  12,548 
Allegheny County PA Sanitation Auth.               
   Sewer Rev.  5.375 %  12/1/18  (14 )  15,000  15,636 
Allegheny County PA Sanitation Auth.               
   Sewer Rev.  5.000 %  12/1/24  (14 )  6,000  6,132 
Allegheny County PA Sanitation Auth.               
   Sewer Rev.  5.500 %  12/1/30  (14 )  2,150  2,189 
Allegheny County PA Sanitation Auth.               
   Sewer Rev.  5.000 %  12/1/32  (14 )  12,000  12,060 
Annville Cleona PA School Dist.  6.000 %  3/1/28  (4 )  1,500  1,625 
Annville Cleona PA School Dist.  6.000 %  3/1/31  (4 )  2,475  2,648 
Bensalem Township PA School Dist.               
   GO  5.250 %  6/15/24  (14 )  3,700  3,880 
Berks County PA GO  0.000 %  11/15/13  (14 )  7,250  6,578 
Berks County PA GO  0.000 %  11/15/14  (14 )  8,615  7,471 
Berks County PA GO  0.000 %  11/15/15  (14 )  6,250  5,172 
Berks County PA Hosp. Rev. (Reading               
   Hosp. & Medical Center)  5.500 %  11/1/31      3,500  3,568 
Berks County PA Hosp. Rev. (Reading               
   Hosp. & Medical Center)  5.750 %  11/1/39      4,615  4,732 
Berks County PA Hosp. Rev. (Reading               
   Hosp.)  5.700 %  10/1/14  (14 )  4,500  4,882 
Bethlehem PA Area School Dist.  5.375 %  3/15/12  (3)(Prere.)   7,500  8,302 
Blair County PA Hosp. Auth. Rev.               
   (Altoona Hosp.)  5.500 %  7/1/16  (2 )  4,480  4,948 
Bristol Borough PA School Dist. GO  5.250 %  9/1/15  (4)(Prere.)   3,635  4,276 
Bucks County PA IDA (Pennswood               
   Village Project)  6.000 %  10/1/12  (Prere.)   2,600  2,987 
Carlisle PA Area School Dist. GO  5.375 %  3/1/12  (14)(Prere.)   1,820  2,012 
Carlisle PA Area School Dist. GO  5.375 %  3/1/12  (14)(Prere.)   1,725  1,907 
Carlisle PA Area School Dist. GO  5.375 %  3/1/12  (14)(Prere.)   1,635  1,807 
Carlisle PA Area School Dist. GO  5.375 %  3/1/12  (14)(Prere.)   1,550  1,713 
Catholic Health East Pennsylvania               
   Health Systems Rev.  5.375 %  11/15/14  (Prere.)   3,000  3,487 
Catholic Health East Pennsylvania               
   Health Systems Rev.  5.500 %  11/15/14  (Prere.)   1,400  1,636 
Central Bucks PA School Dist.  5.500 %  5/15/12  (3)(Prere.)   5,540  6,186 
Central Bucks PA School Dist.  5.500 %  5/15/12  (3)(Prere.)   3,785  4,227 
Central Bucks PA School Dist.  5.500 %  5/15/12  (3)(Prere.)   2,400  2,680 
Central Bucks PA School Dist.  5.500 %  5/15/12  (3)(Prere.)   1,500  1,675 
Central Bucks PA School Dist.  5.000 %  5/15/24      11,750  12,880 
Chambersburg PA Area School Dist.               
   GO  5.250 %  3/1/29  (14 )  3,805  3,874 


   Chester County PA GO  5.000 %  7/15/26      4,345  4,709 
1 Chester County PA GO  5.000 %  7/15/27      5,000  5,387 
   Chester County PA Health & Educ. Fac.               
       Auth. Rev. (Devereux Foundation)  5.000 %  11/1/31      4,500  3,811 
   Chester County PA Health & Educ. Fac.               
       Auth. Rev. (Jefferson Health System)  5.250 %  5/15/22  (2 )  33,580  33,730 
   Chester County PA School Auth. Rev.  5.000 %  4/1/23  (2 )  2,670  2,740 
   Chester County PA School Auth. Rev.  5.000 %  4/1/24  (2 )  1,000  1,022 
   Chester County PA School Auth. Rev.  5.000 %  4/1/26  (2 )  1,575  1,595 
   Clarion County PA IDA Auth. Rev.  5.000 %  7/1/32  (10 )  4,980  4,138 
   Clarion County PA IDA Auth. Rev.  5.000 %  7/1/37  (10 )  6,360  5,071 
   Coatesville PA School Dist. GO  5.250 %  8/15/14  (4)(Prere.)   6,645  7,713 
   Commonwealth Financing Auth.               
       Pennsylvania Rev.  5.250 %  6/1/23  (14 )  13,535  14,246 
   Cumberland County PA Muni. Auth.               
       College Rev. (Dickinson College)  5.500 %  11/1/10  (2)(Prere.)   3,230  3,417 
   Cumberland County PA Muni. Auth.               
       Rev.  7.250 %  1/1/13  (Prere.)   7,360  8,719 
   Cumberland County PA Muni. Auth.               
       Rev. (Diakon Lutheran Ministries)  5.000 %  1/1/27      2,700  2,348 
   Cumberland County PA Muni. Auth.               
       Rev. (Diakon Lutheran Ministries)  5.000 %  1/1/36      6,750  5,416 
   Dallas PA School Dist. GO  5.000 %  4/1/29  (11 )  5,820  5,849 
   Danville PA Area School Dist. GO  5.000 %  5/1/37  (4 )  7,970  8,055 
   Dauphin County PA General Auth.               
       Health System Rev. (Pinnacle Health) 5.500%   8/15/28  (14)(ETM)   9,415  11,279 
   Dauphin County PA General Auth.               
       Health System Rev. (Pinnacle Health) 6.000%   6/1/36      15,000  15,186 
   Dauphin County PA General Auth.               
       Hosp. Rev. (West Pennsylvania               
       Hosp.)  5.500 %  7/1/13  (14)(ETM)   4,100  4,445 
   Delaware County PA Auth. Rev.               
       (Catholic Health East)  5.250 %  11/15/12  (2 )  3,300  3,369 
   Delaware County PA Auth. Rev.               
       (Catholic Health East)  5.250 %  11/15/13  (2 )  4,665  4,740 
   Delaware County PA Auth. Univ. Rev.               
       (Villanova Univ.)  5.000 %  8/1/24  (14 )  4,000  4,084 
   Delaware County PA Hosp. Auth. Rev.               
       (Crozer Keystone Obligated Group)  5.000 %  12/15/31      10,000  7,389 
   Delaware County PA Hosp. Auth. Rev.               
       (Crozer-Chester Medical Center)  5.300 %  12/1/27      8,905  7,200 
   Delaware County PA IDA PCR (PECO               
       Energy Co.)  4.000 %  12/1/12      13,000  13,576 
   Delaware County PA Regional Water               
       Quality Control Auth. Rev.  5.500 %  11/1/11  (3)(Prere.)   2,405  2,633 
   Delaware County PA Regional Water               
       Quality Control Auth. Rev.  5.500 %  11/1/11  (3)(Prere.)   2,685  2,939 
   Delaware River Joint Toll Bridge Comm.               
       Pennsylvania & New Jersey Rev.  5.250 %  7/1/19  (14 )  1,645  1,798 
   Delaware River Joint Toll Bridge Comm.               
       Pennsylvania & New Jersey Rev.  5.500 %  7/1/19  (14 )  4,835  5,432 
   Delaware River Joint Toll Bridge Comm.               
       Pennsylvania & New Jersey Rev.  5.250 %  7/1/20  (14 )  1,735  1,887 
   Delaware River Joint Toll Bridge Comm.               
       Pennsylvania & New Jersey Rev.  5.500 %  7/1/20  (14 )  5,105  5,706 
   Delaware River Joint Toll Bridge Comm.               
       Pennsylvania & New Jersey Rev.  5.250 %  7/1/21  (14 )  1,825  1,965 


Delaware River Joint Toll Bridge Comm.               
   Pennsylvania & New Jersey Rev.  5.250 %  7/1/22  (14 )  1,920  2,051 
Delaware River Joint Toll Bridge Comm.               
   Pennsylvania & New Jersey Rev.  5.250 %  7/1/23  (14 )  2,020  2,097 
Delaware River Port Auth. Pennsylvania               
   & New Jersey Rev.  5.700 %  1/1/23  (4 )  8,345  8,370 
Doylestown PA Hosp. Auth. Hosp. Rev.  5.000 %  7/1/20  (12 )  5,060  5,143 
Doylestown PA Hosp. Auth. Hosp. Rev.  5.000 %  7/1/21  (12 )  3,000  3,029 
Doylestown PA Hosp. Auth. Hosp. Rev.  5.000 %  7/1/22  (12 )  3,455  3,468 
East Stroudsburg PA Area School Dist.               
   GO  5.000 %  9/1/29  (4 )  7,085  7,321 
Erie County PA GO  5.000 %  9/1/15  (3)(Prere.)   5,525  6,443 
Erie County PA Hosp. Auth. Rev.               
   (Hamot Health Foundation)  5.000 %  11/1/35  (11 )  7,000  6,165 
Erie PA School Dist. GO  0.000 %  9/1/10  (4 )  5,665  5,572 
Erie PA School Dist. GO  0.000 %  9/1/11  (4 )  5,780  5,552 
Erie PA School Dist. GO  0.000 %  5/1/16  (14)(ETM)   3,175  2,594 
Erie PA School Dist. GO  0.000 %  9/1/18  (4 )  830  569 
Geisinger Health System Auth. of               
   Pennsylvania Rev. (Penn State               
   Geisinger Health System)  5.125 %  6/1/34      5,000  4,975 
Geisinger Health System Auth. of               
   Pennsylvania Rev. (Penn State               
   Geisinger Health System)  5.250 %  6/1/39      18,000  18,053 
Geisinger Health System Auth. of               
   Pennsylvania Rev. (Penn State               
   Geisinger Health System) VRDO  0.120 %  9/1/09      2,600  2,600 
Geisinger Health System Auth. of               
   Pennsylvania Rev. VRDO  0.130 %  9/1/09      15,450  15,450 
Hazleton PA Area School Dist. GO  5.500 %  3/1/11  (14 )  3,740  3,951 
Hazleton PA Area School Dist. GO  5.750 %  3/1/12  (14 )  1,420  1,545 
Hazleton PA Area School Dist. GO  6.000 %  3/1/16  (14 )  18,245  20,318 
Hazleton PA Area School Dist. GO  0.000 %  3/1/17  (14 )  4,425  3,188 
Hazleton PA Area School Dist. GO  0.000 %  3/1/22  (14 )  5,265  2,777 
Hempfield PA Area School Dist.               
   (Westmoreland County) GO  5.000 %  9/15/15  (3)(Prere.)   5,030  5,869 
Lackawanna County PA GO  5.000 %  9/15/29  (2 )  1,975  1,988 
Lackawanna County PA GO  5.000 %  9/15/29  (4)(Prere.)   3,745  3,860 
Lake Lehman PA School Dist. GO  0.000 %  4/1/14  (14 )  1,290  1,109 
Lake Lehman PA School Dist. GO  0.000 %  4/1/15  (14 )  1,295  1,060 
Lake Lehman PA School Dist. GO  0.000 %  4/1/16  (14 )  1,310  1,018 
Lake Lehman PA School Dist. GO  0.000 %  4/1/17  (14 )  1,315  963 
Lake Lehman PA School Dist. GO  0.000 %  4/1/18  (14 )  1,000  690 
Lancaster County PA GO  5.500 %  11/1/16  (14 )  1,025  1,123 
Lancaster County PA GO  5.500 %  11/1/17  (14 )  1,060  1,161 
Lancaster County PA GO  5.500 %  11/1/18  (14 )  1,120  1,206 
Lancaster County PA GO  5.500 %  11/1/19  (14 )  1,175  1,265 
Lancaster County PA Hosp. Auth. Rev.               
   (Lancaster General Hosp.)  5.000 %  3/15/26      9,205  9,303 
Lancaster County PA Hosp. Auth. Rev.               
   (Lancaster General Hosp.)  5.000 %  3/15/36      12,370  11,760 
Lancaster County PA Hosp. Auth. Rev.               
   (Lancaster General Hosp.) VRDO  0.180 %  9/1/09  LOC   7,300  7,300 
Lancaster County PA Hosp. Auth. Rev.               
   (Willow Valley Retirement Project)  5.875 %  6/1/21      1,000  1,016 
Lancaster County PA Hosp. Auth. Rev.               
   (Willow Valley Retirement Project)  5.875 %  6/1/31      6,000  6,002 


Lancaster PA Higher Educ. Auth. Rev.               
   (Franklin & Marshall College)  5.000 %  4/15/22      1,135  1,188 
Lancaster PA Higher Educ. Auth. Rev.               
   (Franklin & Marshall College)  5.000 %  4/15/27      2,775  2,830 
Lancaster PA Higher Educ. Auth. Rev.               
   (Franklin & Marshall College)  5.000 %  4/15/37      4,000  3,906 
Latrobe PA IDA (Saint Vincent College)  5.600 %  5/1/21      1,635  1,631 
Latrobe PA IDA (Saint Vincent College)  5.700 %  5/1/31      2,165  2,008 
Lebanon County Health Fac. Auth. Rev.               
   (Good Samaritan)  6.000 %  11/15/35      10,500  9,056 
Lehigh County PA General Purpose               
   Hosp. Auth. Rev. (Lehigh Valley               
   Health Network)  5.375 %  7/1/14  (4 )  900  944 
Lehigh County PA General Purpose               
   Hosp. Auth. Rev. (Lehigh Valley               
   Health Network)  7.000 %  7/1/16  (14 )  4,415  5,145 
Lehigh County PA General Purpose               
   Hosp. Auth. Rev. (Lehigh Valley               
   Health Network)  5.000 %  7/1/35  (4 )  10,000  9,675 
Lehigh County PA General Purpose               
   Hosp. Auth. Rev. (Lehigh Valley               
   Health Network) VRDO  0.140 %  9/1/09  LOC   2,000  2,000 
Lower Merion PA School Dist. GO  5.000 %  9/1/28      7,845  8,411 
Lower Merion PA School Dist. GO  5.000 %  9/1/30      8,670  9,198 
Lower Merion PA School Dist. GO  5.000 %  9/1/32      5,000  5,249 
Luzerne County PA GO  0.000 %  11/15/12  (14)(Prere.)   2,360  1,772 
Luzerne County PA GO  0.000 %  11/15/12  (14)(Prere.)   2,390  1,685 
Luzerne County PA GO  5.250 %  12/15/21  (14 )  5,320  5,864 
Lycoming County PA Auth. College               
   Rev. (PA College of Technology)  5.250 %  10/1/27  (12 )  5,395  5,661 
Lycoming County PA Auth. College               
   Rev. (PA College of Technology)  5.500 %  10/1/37  (12 )  6,650  6,851 
McKeesport PA Area School Dist. GO  0.000 %  10/1/09  (14 )  2,020  2,018 
McKeesport PA Area School Dist. GO  0.000 %  10/1/10  (14 )  1,840  1,806 
McKeesport PA Area School Dist. GO  0.000 %  10/1/11  (14 )  1,835  1,759 
McKeesport PA Area School Dist. GO  0.000 %  10/1/14  (14 )  2,040  1,738 
McKeesport PA Area School Dist. GO  0.000 %  10/1/15  (14 )  2,040  1,658 
McKeesport PA Area School Dist. GO  0.000 %  10/1/16  (14 )  4,655  3,583 
McKeesport PA Area School Dist. GO  0.000 %  10/1/18  (2)(ETM)   425  308 
McKeesport PA Area School Dist. GO  0.000 %  10/1/18  (2 )  2,650  1,837 
Mercersburg Borough PA General               
   Purpose Auth. (Mercersburg College)               
   VRDO  1.400 %  9/8/09  LOC   5,880  5,880 
Monroe County PA Hosp. Auth. Rev.               
   (Pocono Medical Center)  5.000 %  1/1/27      2,000  1,839 
Monroe County PA Hosp. Auth. Rev.               
   (Pocono Medical Center)  5.125 %  1/1/37      3,000  2,638 
Monroe County PA Hosp. Auth. Rev.               
   (Pocono Medical Center)  5.250 %  1/1/43      6,450  5,647 
Montgomery County PA GO  5.000 %  10/15/28      13,235  14,124 
Montgomery County PA GO  5.000 %  10/15/31      6,450  6,781 
Montgomery County PA Higher Educ. &               
   Health Auth. Rev. (Catholic Health               
   East)  5.375 %  11/15/14  (Prere.)   2,175  2,537 
Montgomery County PA Higher Educ. &               
   Health Auth. Rev. (Dickinson College) 5.000%   5/1/31  (11 )  5,750  5,756 


Montgomery County PA Higher Educ. &               
   Health Auth. Rev. (Holy Redeemer               
   Health System)  5.250 %  1/1/36      17,500  13,295 
Montgomery County PA IDA Rev. (Hill               
   School)  5.000 %  8/15/25  (14 )  6,500  6,752 
Montgomery County PA IDA Rev. (Hill               
   School)  5.000 %  8/15/26  (14 )  3,550  3,675 
Montgomery County PA IDA Rev. (Hill               
   School)  5.000 %  8/15/27  (14 )  3,300  3,401 
Moon Area School Dist. PA GO  5.000 %  11/15/28  (4 )  5,000  5,142 
Mount Lebanon PA School Dist. GO  5.000 %  2/15/13  (14)(Prere.)   9,280  10,405 
North Pocono PA School Dist. GO  5.000 %  3/15/26  (14 )  4,035  4,104 
Northampton County PA General               
   Purpose Auth. Univ. Rev. (Lehigh               
   Univ.)  5.000 %  11/15/39      2,595  2,633 
Northampton County PA General               
   Purpose Auth. Univ. Rev. (Lehigh               
   Univ.) VRDO  0.220 %  9/8/09      1,500  1,500 
Northampton County PA General               
   Purpose Auth. Univ. Rev. (Saint               
   Lukes Hosp. Project)  5.375 %  8/15/28      5,000  4,585 
Northampton County PA General               
   Purpose Auth. Univ. Rev. (Saint               
   Lukes Hosp. Project)  5.500 %  8/15/35      2,500  2,226 
Northampton County PA General               
   Purpose Auth. Univ. Rev. (Saint               
   Lukes Hosp. Project)  5.500 %  8/15/40      5,000  4,373 
Norwin PA School Dist. GO  3.250 %  4/1/33  (4 )  10,485  7,680 
Owen J. Roberts School Dist.               
   Pennsylvania GO  5.500 %  8/15/17  (4 )  1,495  1,658 
Owen J. Roberts School Dist.               
   Pennsylvania GO  5.000 %  5/15/31  (4 )  8,000  8,206 
Owen J. Roberts School Dist.               
   Pennsylvania GO  5.000 %  5/15/35  (4 )  5,000  5,088 
Parkland PA School Dist. GO  5.375 %  9/1/15  (14 )  3,050  3,523 
Parkland PA School Dist. GO  5.375 %  9/1/16  (14 )  2,000  2,317 
Pennsbury PA School Dist. GO  5.250 %  8/1/24  (4 )  9,135  9,679 
Pennsylvania Econ. Dev. Financing               
   Auth. Fac. Rev. (Allegheny Energy               
   Supply Company)  7.000 %  7/15/39      7,000  7,215 
Pennsylvania Econ. Dev. Financing               
   Auth. Fac. Rev. (American Water               
   Company Project)  6.200 %  4/1/39      5,000  5,254 
Pennsylvania GO  5.000 %  10/1/10  (14 )  22,485  23,544 
Pennsylvania GO  6.000 %  1/15/11  (Prere.)   3,000  3,087 
Pennsylvania GO  5.000 %  8/1/11      17,000  18,326 
Pennsylvania GO  5.000 %  8/1/12      20,705  22,914 
Pennsylvania GO  5.000 %  7/1/13  (14 )  3,690  4,156 
Pennsylvania GO  5.000 %  9/1/13      1,200  1,356 
Pennsylvania GO  5.500 %  2/1/14  (14 )  2,000  2,297 
Pennsylvania GO  5.000 %  2/15/14      4,930  5,570 
Pennsylvania GO  5.000 %  9/1/14  (4 )  21,550  24,596 
Pennsylvania GO  5.250 %  7/1/15      25,000  28,989 
Pennsylvania GO  5.000 %  8/1/17      10,000  11,558 
Pennsylvania GO  5.000 %  11/1/17      2,000  2,315 
Pennsylvania GO  5.375 %  7/1/21      16,000  19,005 
Pennsylvania GO  5.000 %  1/1/22      18,055  19,559 
Pennsylvania GO  5.000 %  8/1/22      33,825  37,171 


Pennsylvania GO  5.000 %  1/1/26      40,450  42,993 
Pennsylvania GO  5.000 %  3/15/27      5,655  6,118 
Pennsylvania Higher Educ. Assistance               
   Agency Rev.  6.125 %  12/15/10  (14)(Prere.)   2,000  2,136 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev.  5.500 %  6/15/17  (2)(Prere.)   935  964 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev.  5.625 %  6/15/19  (2)(Prere.)   1,160  1,191 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev.  5.000 %  6/15/30      1,595  1,646 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev.  5.000 %  6/15/31      1,670  1,713 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev.  5.000 %  6/15/34      5,535  5,629 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev.  5.000 %  11/1/37  (12 )  5,745  5,787 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev.  5.000 %  6/15/39      1,270  1,284 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Bryn Mawr College)  5.250 %  12/1/12  (2 )  11,120  12,238 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Bryn Mawr College)  5.000 %  12/1/37  (2 )  14,170  14,042 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Drexel Univ.)  5.000 %  5/1/32  (14 )  4,950  4,819 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Drexel Univ.)  5.000 %  5/1/37  (14 )  2,300  2,296 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Foundation for Indiana Univ. of               
   Pennsylvania Student Housing)  0.850 %  7/1/17  (10 )  6,220  4,452 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Foundation for Indiana Univ. of               
   Pennsylvania Student Housing)  5.125 %  7/1/39  (10 )  17,130  12,740 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (La Salle Univ.)  5.250 %  5/1/27      3,000  2,819 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (La Salle Univ.)  5.000 %  5/1/37      3,250  2,748 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Philadelphia Univ.)  5.125 %  6/1/25      3,500  3,234 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Philadelphia Univ.)  5.000 %  11/1/25  (12 )  2,285  2,412 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Philadelphia Univ.)  5.000 %  11/1/27  (12 )  1,800  1,879 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Philadelphia Univ.)  5.250 %  6/1/32      6,350  5,598 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Slippery Rock Univ.               
   Foundation)  5.000 %  7/1/31  (10 )  10,460  8,979 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Slippery Rock Univ.               
   Foundation)  5.000 %  7/1/37  (10 )  3,500  2,886 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Slippery Rock Univ.               
   Foundation)  5.000 %  7/1/39  (10 )  10,000  8,180 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Temple Univ.)  5.250 %  4/1/11  (14 )  1,225  1,235 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Temple Univ.)  5.000 %  4/1/23  (14 )  12,200  12,777 


Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Temple Univ.)  5.000 %  4/1/24  (14 )  12,680  13,206 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Thomas Jefferson Univ.)  5.375 %  1/1/13  (Prere.)   4,435  4,958 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Thomas Jefferson Univ.)  5.000 %  9/1/39  (2 )  9,000  8,490 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Univ. of Pennsylvania Health               
   System) VRDO  0.230 %  9/8/09  LOC   7,450  7,450 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Univ. of Scranton)  5.000 %  11/1/28  (10 )  4,080  4,094 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (UPMC Health Systems)  6.250 %  1/15/16      3,120  3,349 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (UPMC Health Systems)  6.000 %  1/15/22      5,000  5,128 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (UPMC Health Systems)  6.000 %  1/15/31      5,000  5,112 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Widener)  5.000 %  7/15/20      2,360  2,350 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Widener)  5.000 %  7/15/26      1,200  1,118 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Widener)  5.400 %  7/15/36      3,000  2,735 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. (Widener)  5.000 %  7/15/39      3,000  2,552 
Pennsylvania Higher Educ. Fac. Auth.               
   Rev. PUT  5.000 %  5/1/11  LOC   9,120  9,360 
Pennsylvania Housing Finance Agency               
   Rev.  5.400 %  10/1/33      25,000  25,662 
Pennsylvania IDA Rev. (Econ. Dev.)  5.500 %  7/1/12  (2)(Prere.)   575  649 
Pennsylvania IDA Rev. (Econ. Dev.)  5.500 %  7/1/17  (2 )  7,000  7,471 
Pennsylvania IDA Rev. (Econ. Dev.)  5.500 %  7/1/18  (2 )  7,630  8,104 
Pennsylvania IDA Rev. (Econ. Dev.)  5.500 %  7/1/19  (2 )  10,040  10,615 
Pennsylvania IDA Rev. (Econ. Dev.)  5.500 %  7/1/20  (2 )  4,495  4,730 
Pennsylvania IDA Rev. (Econ. Dev.)  5.500 %  7/1/21  (2 )  8,130  8,525 
Pennsylvania IDA Rev. (Econ. Dev.)  5.500 %  7/1/23      20,000  21,564 
Pennsylvania Public School Building               
   Auth. Lease Rev. (School Dist. of               
   Philadelphia)  5.000 %  6/1/27  (4 )  12,880  13,403 
Pennsylvania Public School Building               
   Auth. Lease Rev. (School Dist. of               
   Philadelphia)  5.000 %  6/1/31  (4 )  18,305  18,593 
Pennsylvania State Univ. Rev.  5.250 %  8/15/12      5,980  6,660 
Pennsylvania State Univ. Rev.  5.000 %  3/1/22      1,250  1,395 
Pennsylvania State Univ. Rev.  5.000 %  3/1/23      2,020  2,238 
Pennsylvania State Univ. Rev.  5.000 %  9/1/24      10,625  11,204 
Pennsylvania State Univ. Rev.  5.000 %  9/1/24      3,000  3,193 
Pennsylvania State Univ. Rev.  5.250 %  8/15/25      5,360  6,241 
Pennsylvania State Univ. Rev.  5.000 %  3/1/26      3,300  3,589 
Pennsylvania State Univ. Rev.  5.000 %  3/1/28      1,000  1,073 
Pennsylvania State Univ. Rev.  5.000 %  9/1/29      7,625  7,898 
Pennsylvania State Univ. Rev.  5.000 %  9/1/29      2,500  2,605 
Pennsylvania State Univ. Rev.  5.000 %  9/1/34      6,325  6,457 
Pennsylvania Turnpike Comm. Oil               
   Franchise Tax Rev.  5.000 %  12/1/13  (14)(Prere.)   6,000  6,844 
Pennsylvania Turnpike Comm. Oil               
   Franchise Tax Rev.  5.000 %  12/1/26  (2 )  4,000  4,105 


Pennsylvania Turnpike Comm. Oil               
   Franchise Tax Rev.  5.000 %  12/1/27  (2 )  3,000  3,064 
Pennsylvania Turnpike Comm. Rev.  3.000 %  6/1/10  (12 )  4,000  4,073 
Pennsylvania Turnpike Comm. Rev.  5.375 %  7/15/11  (2)(Prere.)   1,505  1,647 
Pennsylvania Turnpike Comm. Rev.  5.375 %  7/15/11  (2)(Prere.)   2,500  2,736 
Pennsylvania Turnpike Comm. Rev.  5.375 %  7/15/11  (2)(Prere.)   1,000  1,094 
Pennsylvania Turnpike Comm. Rev.  3.000 %  6/1/12  (12 )  2,015  2,094 
Pennsylvania Turnpike Comm. Rev.  5.625 %  6/1/12  (14 )  9,000  9,716 
Pennsylvania Turnpike Comm. Rev.  3.000 %  6/1/13  (12 )  2,500  2,598 
Pennsylvania Turnpike Comm. Rev.  4.000 %  6/1/14  (12 )  1,565  1,683 
Pennsylvania Turnpike Comm. Rev.  5.250 %  7/15/27  (4 )  4,000  4,551 
Pennsylvania Turnpike Comm. Rev.  5.375 %  6/1/28      12,785  13,454 
Pennsylvania Turnpike Comm. Rev.  5.250 %  7/15/28  (4 )  9,375  10,622 
Pennsylvania Turnpike Comm. Rev.  5.500 %  12/1/31  (2 )  17,610  18,076 
Pennsylvania Turnpike Comm. Rev.  5.250 %  12/1/32  (2 )  16,000  16,367 
Pennsylvania Turnpike Comm. Rev.  5.500 %  6/1/33      17,920  18,924 
Pennsylvania Turnpike Comm. Rev.  5.250 %  6/1/36      12,435  12,635 
Pennsylvania Turnpike Comm. Rev.  5.000 %  6/1/38  (12 )  6,340  6,488 
Pennsylvania Turnpike Comm. Rev.  6.250 %  6/1/38  (12 )  19,595  22,268 
Pennsylvania Turnpike Comm. Rev.  5.000 %  6/1/39  (12 )  20,000  20,260 
Pennsylvania Turnpike Comm. Rev.  5.250 %  6/1/39      23,205  23,543 
Pennsylvania Turnpike Comm. Rev.  5.750 %  6/1/39      20,000  21,053 
Philadelphia PA Airport Parking Auth.  5.000 %  9/1/13      3,260  3,539 
Philadelphia PA Airport Parking Auth.  5.125 %  2/15/24  (2 )  1,045  1,047 
Philadelphia PA Airport Parking Auth.  5.250 %  9/1/29  (4 )  3,530  3,547 
Philadelphia PA Gas Works Rev.  5.250 %  7/1/11  (4 )  3,965  3,977 
Philadelphia PA Gas Works Rev.  5.250 %  8/1/11  (4)(Prere.)   8,000  8,667 
Philadelphia PA Gas Works Rev.  5.375 %  7/1/12  (4 )  4,000  4,011 
Philadelphia PA Gas Works Rev.  5.375 %  7/1/14  (4 )  4,310  4,319 
Philadelphia PA Gas Works Rev.  5.375 %  7/1/16  (4 )  13,280  14,897 
Philadelphia PA Gas Works Rev.  5.000 %  8/1/16      3,000  3,016 
Philadelphia PA Gas Works Rev.  5.250 %  8/1/17      2,000  2,021 
Philadelphia PA Gas Works Rev.  5.375 %  7/1/18  (4 )  11,555  12,937 
Philadelphia PA Gas Works Rev.  5.000 %  10/1/37  (2 )  3,000  2,573 
Philadelphia PA GO  5.250 %  3/15/11  (4)(Prere.)   2,135  2,280 
Philadelphia PA GO  5.250 %  3/15/11  (4)(Prere.)   4,775  5,100 
Philadelphia PA GO  5.000 %  12/15/17  (4 )  5,555  6,064 
Philadelphia PA GO  5.000 %  8/1/18  (14 )  6,170  6,347 
Philadelphia PA GO  5.000 %  8/1/19  (14 )  7,735  7,877 
Philadelphia PA GO  5.000 %  8/1/20  (14 )  8,005  8,137 
Philadelphia PA GO  5.000 %  8/1/21  (14 )  6,235  6,300 
Philadelphia PA GO  7.125 %  7/15/38  (12 )  3,500  3,889 
Philadelphia PA Hosp. & Higher Educ.               
   Fac. Auth. Rev. (Children's Hosp. of               
   Philadelphia) VRDO  0.120 %  9/1/09      4,800  4,800 
Philadelphia PA Hosp. & Higher Educ.               
   Fac. Auth. Rev. (Children's Hosp. of               
   Philadelphia) VRDO  0.120 %  9/1/09      3,800  3,800 
Philadelphia PA Hosp. & Higher Educ.               
   Fac. Auth. Rev. (Jefferson Health               
   System)  5.125 %  5/15/18  (2 )  5,700  5,733 
Philadelphia PA Hosp. & Higher Educ.               
   Fac. Auth. Rev. (Temple University               
   Health System)  5.500 %  7/1/30      5,000  4,103 
Philadelphia PA IDA Rev. (Philadelphia               
   Airport System)  5.750 %  6/15/10  (14 )  4,440  4,455 
Philadelphia PA IDA Rev. (Philadelphia               
   Airport System)  5.250 %  6/15/15  (14 )  5,695  5,705 


Philadelphia PA Muni. Auth. Rev.  6.500 %  4/1/34      3,250  3,315 
Philadelphia PA Muni. Auth. Rev.  6.500 %  4/1/39      9,500  9,641 
Philadelphia PA Redev. Auth. Rev.  5.500 %  4/15/15  (14 )  3,000  3,139 
Philadelphia PA Redev. Auth. Rev.  5.500 %  4/15/17  (14 )  2,255  2,336 
Philadelphia PA Redev. Auth. Rev.  5.500 %  4/15/19  (14 )  2,815  2,890 
Philadelphia PA Redev. Auth. Rev.  5.500 %  4/15/20  (14 )  2,000  2,047 
Philadelphia PA Redev. Auth. Rev.  5.500 %  4/15/22  (14 )  5,275  5,362 
Philadelphia PA School Dist. GO  5.250 %  2/1/12  (4 )  1,000  1,088 
Philadelphia PA School Dist. GO  5.500 %  2/1/12  (4)(Prere.)   6,200  6,835 
Philadelphia PA School Dist. GO  5.500 %  2/1/12  (4)(Prere.)   1,800  1,984 
Philadelphia PA School Dist. GO  5.500 %  2/1/12  (4)(Prere.)   2,500  2,756 
Philadelphia PA School Dist. GO  5.500 %  2/1/12  (4)(Prere.)   2,000  2,205 
Philadelphia PA School Dist. GO  5.500 %  2/1/12  (4)(Prere.)   2,000  2,205 
Philadelphia PA School Dist. GO  5.500 %  2/1/12  (4)(Prere.)   1,000  1,102 
Philadelphia PA School Dist. GO  5.625 %  8/1/12  (3)(Prere.)   1,000  1,125 
Philadelphia PA School Dist. GO  5.625 %  8/1/12  (3)(Prere.)   6,500  7,312 
Philadelphia PA School Dist. GO  5.625 %  8/1/12  (3)(Prere.)   6,000  6,749 
Philadelphia PA School Dist. GO  5.625 %  8/1/12  (3)(Prere.)   1,000  1,125 
Philadelphia PA School Dist. GO  5.625 %  8/1/12  (3)(Prere.)   10,235  11,513 
Philadelphia PA School Dist. GO  5.625 %  8/1/12  (3)(Prere.)   3,500  3,937 
Philadelphia PA School Dist. GO  5.000 %  6/1/26  (14 )  5,000  5,249 
Philadelphia PA School Dist. GO  6.000 %  9/1/38      20,000  21,331 
Philadelphia PA Water & Waste Water               
   Rev.  7.000 %  6/15/11  (14 )  17,685  19,277 
Philadelphia PA Water & Waste Water               
   Rev.  6.250 %  8/1/11  (14 )  3,750  4,059 
Philadelphia PA Water & Waste Water               
   Rev.  5.250 %  11/1/16  (14 )  5,040  5,299 
Philadelphia PA Water & Waste Water               
   Rev.  5.250 %  11/1/17  (14 )  5,460  5,704 
Philadelphia PA Water & Waste Water               
   Rev.  5.600 %  8/1/18  (14)(ETM)   925  1,078 
Philadelphia PA Water & Waste Water               
   Rev.  5.375 %  11/1/19  (14 )  4,155  4,435 
Philadelphia PA Water & Waste Water               
   Rev.  5.250 %  1/1/32      5,000  5,073 
Philadelphia PA Water & Waste Water               
   Rev.  5.250 %  1/1/36      3,000  3,011 
Pittsburgh PA GO  5.500 %  3/1/12  (2)(Prere.)   5,330  5,898 
Pittsburgh PA GO  5.500 %  3/1/12  (2)(Prere.)   2,015  2,230 
Pittsburgh PA GO  5.500 %  9/1/13  (2 )  5,635  5,805 
Pittsburgh PA GO  5.500 %  9/1/14  (2 )  10,255  10,981 
Pittsburgh PA GO  5.500 %  9/1/15  (2 )  2,125  2,171 
Pittsburgh PA School Dist. GO  5.375 %  9/1/14  (4 )  1,755  2,000 
Pittsburgh PA School Dist. GO  5.500 %  9/1/16  (4 )  4,000  4,528 
Pittsburgh PA School Dist. GO  5.500 %  9/1/18  (4 )  2,880  3,253 
Pittsburgh PA Water & Sewer Auth.               
   Rev.  5.125 %  6/1/12  (2)(Prere.)   3,000  3,309 
Pittsburgh PA Water & Sewer Auth.               
   Rev.  7.250 %  9/1/14  (3)(ETM)   14,705  16,780 
Pittsburgh PA Water & Sewer Auth.               
   Rev.  0.000 %  9/1/27  (3)(ETM)   1,935  811 
Pittsburgh PA Water & Sewer Auth.               
   Rev.  0.000 %  9/1/27  (14 )  10,830  3,413 
Pittsburgh PA Water & Sewer Auth.               
   Rev.  0.000 %  9/1/28  (3)(ETM)   1,365  537 
Pittsburgh PA Water & Sewer Auth.               
   Rev.  0.000 %  9/1/28  (14 )  7,600  2,210 


Pittsburgh PA Water & Sewer Auth.               
   Rev.  0.000 %  9/1/29  (3)(ETM)   4,725  1,760 
Pittsburgh PA Water & Sewer Auth.               
   Rev.  0.000 %  9/1/29  (14 )  26,930  7,256 
Pocono Mountain PA School Dist. GO  5.000 %  9/1/31  (4 )  9,000  9,141 
Radnor Township PA School Dist.  5.000 %  8/15/15  (4)(Prere.)   835  973 
Radnor Township PA School Dist.  5.000 %  2/15/35  (4 )  1,665  1,685 
Reading PA School Dist. GO  0.000 %  1/15/15  (14 )  9,260  7,200 
Reading PA School Dist. GO  0.000 %  1/15/16  (14 )  9,270  6,800 
Reading PA School Dist. GO  5.000 %  1/15/29  (4 )  6,120  6,274 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  5.750 %  12/1/11  (Prere.)   2,225  2,477 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/11  (Prere.)   1,480  1,664 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/11  (Prere.)   1,425  1,602 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/11  (Prere.)   1,515  1,704 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/11  (Prere.)   2,390  2,687 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/11  (Prere.)   1,850  2,080 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/13      520  549 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/14      500  525 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/15      530  553 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/16      835  868 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/17      1,725  1,791 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  6.250 %  12/1/18      650  673 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  5.750 %  12/1/21      775  785 
Sayre PA Health Care Fac. Auth. Rev.               
   (Guthrie Health Care System)  5.875 %  12/1/31      2,840  2,796 
Scranton PA School Dist. GO  5.250 %  6/15/27  (10 )  2,750  2,826 
Scranton PA School Dist. GO  5.250 %  6/15/31  (10 )  2,375  2,399 
Scranton-Lackawanna PA Health &               
   Welfare Auth. Rev. (Mercy Health               
   System)  5.625 %  1/1/16  (14 )  5,490  5,492 
Scranton-Lackawanna PA Health &               
   Welfare Auth. Rev. (Mercy Health               
   System)  5.700 %  1/1/23  (14 )  9,205  8,775 
Scranton-Lackawanna PA Health &               
   Welfare Auth. Rev. (Univ. of               
   Scranton)  5.000 %  11/1/32  (10 )  3,850  3,707 
Scranton-Lackawanna PA Health &               
   Welfare Auth. Rev. (Univ. of               
   Scranton)  5.000 %  11/1/37  (10 )  3,000  2,807 
Shamokin-Coal Township PA  5.000 %  7/1/30  (4 )  5,700  5,805 
Shamokin-Coal Township PA  5.000 %  7/1/36  (4 )  6,500  6,529 
Snyder County PA Higher Educ. Auth.               
   Univ. Rev. (Susquehanna Univ.               
   Project)  5.000 %  1/1/30  (11 )  5,000  4,956 
Somerset PA Area School Dist. GO  5.000 %  3/15/25  (4 )  7,090  7,509 


South Fork PA Hosp. Auth. Rev.               
   (Conemaugh Valley Hosp.)  5.625 %  7/1/10  (6 )  445  452 
South Fork PA Hosp. Auth. Rev.               
   (Conemaugh Valley Hosp.)  5.750 %  7/1/18  (6 )  7,000  7,253 
Southcentral Pennsylvania General               
   Auth. Rev. (Wellspan Health)  6.000 %  6/1/25      20,000  21,697 
State Public School Building Auth.               
   Pennsylvania School Rev. (Daniel               
   Boone School Dist.)  5.000 %  4/1/13  (14)(Prere.)   10,000  11,172 
State Public School Building Auth.               
   Pennsylvania School Rev.               
   (Philadelphia School Dist.)  5.000 %  6/1/13  (4)(Prere.)   30,800  34,740 
State Public School Building Auth.               
   Pennsylvania School Rev.               
   (Philadelphia School Dist.)  5.250 %  6/1/13  (4)(Prere.)   9,280  10,551 
Swarthmore Borough Auth. PA College               
   Rev.  5.000 %  9/15/30      21,000  21,820 
Uniontown PA Area School Dist. GO  5.500 %  10/1/12  (4)(Prere.)   9,950  11,238 
Unionville Chadds Ford PA School Dist.  5.000 %  6/1/32      6,440  6,645 
Univ. of Pittsburgh of the               
   Commonwealth System of Higher               
   Educ. Pennsylvania (Univ. Capital               
   Project)  5.500 %  9/15/24      3,000  3,351 
Univ. of Pittsburgh of the               
   Commonwealth System of Higher               
   Educ. Pennsylvania (Univ. Capital               
   Project)  5.250 %  9/15/29      14,000  14,945 
Univ. of Pittsburgh of the               
   Commonwealth System of Higher               
   Educ. Pennsylvania (Univ. Capital               
   Project)  5.250 %  9/15/34      10,100  10,557 
Univ. of Pittsburgh of the               
   Commonwealth System of Higher               
   Educ. Pennsylvania (Univ. Capital               
   Project) CP  5.000 %  9/15/35      11,500  11,755 
Warwick PA School Dist. GO  5.375 %  8/15/11  (3)(Prere.)   2,435  2,648 
Warwick PA School Dist. GO  5.375 %  8/15/11  (3)(Prere.)   2,570  2,794 
Washington County PA Hosp. Auth.               
   Rev. (Washington Hosp.)  5.250 %  7/1/10  (2 )  1,750  1,771 
Washington County PA Hosp. Auth.               
   Rev. (Washington Hosp.)  5.125 %  7/1/11  (2)(ETM)   330  354 
Washington County PA Hosp. Auth.               
   Rev. (Washington Hosp.)  5.125 %  7/1/11  (2 )  1,510  1,593 
Washington County PA Hosp. Auth.               
   Rev. (Washington Hosp.)  5.125 %  7/1/12  (2 )  1,935  1,979 
Washington County PA Hosp. Auth.               
   Rev. (Washington Hosp.)  5.250 %  7/1/13  (2 )  2,035  2,070 
Washington County PA Hosp. Auth.               
   Rev. (Washington Hosp.)  5.375 %  7/1/14  (2 )  1,640  1,675 
Washington County PA Hosp. Auth.               
   Rev. (Washington Hosp.)  5.375 %  7/1/15  (2 )  2,250  2,291 
Washington County PA Hosp. Auth.               
   Rev. (Washington Hosp.)  5.500 %  7/1/16  (2 )  2,375  2,406 
West Chester PA Area School Dist. GO  4.500 %  5/15/27  (4 )  17,500  17,774 
West Chester PA Area School Dist. GO  5.000 %  5/15/28  (14 )  7,480  7,841 
West Cornwall Township PA Muni.               
   Auth. College Rev. (Elizabethtown               
   College)  6.000 %  12/15/11  (Prere.)   2,650  2,951 


   West Cornwall Township PA Muni.               
       Auth. College Rev. (Elizabethtown               
       College)  6.000 %  12/15/11  (Prere.)   2,000  2,227 
   West Jefferson Hills PA School Dist.               
       GO  5.200 %  8/1/11  (4)(Prere.)   1,020  1,105 
   West Jefferson Hills PA School Dist.               
       GO  5.200 %  8/1/11  (4)(Prere.)   1,080  1,170 
   West Jefferson Hills PA School Dist.               
       GO  5.200 %  8/1/17  (4 )  935  994 
   West Jefferson Hills PA School Dist.               
       GO  5.200 %  8/1/18  (4 )  980  1,033 
   Westmoreland County PA Muni. Auth.               
       Rev.  5.250 %  8/15/15  (4)(Prere.)   3,490  4,103 
   Westmoreland County PA Muni. Auth.               
       Rev.  6.125 %  7/1/17  (14)(ETM)   7,360  8,721 
   Westmoreland County PA Muni. Auth.               
       Service Water Rev.  0.000 %  8/15/15  (3 )  5,000  3,963 
   Westmoreland County PA Muni. Auth.               
       Service Water Rev.  0.000 %  8/15/23  (14 )  5,000  2,520 
   Westmoreland County PA Muni. Auth.               
       Service Water Rev.  0.000 %  8/15/24  (14 )  4,000  1,727 
   Wilkes-Barre PA Finance Auth. Rev.               
       (Wilkes Univ. Project)  5.000 %  3/1/27      2,200  1,988 
   Wilkes-Barre PA Finance Auth. Rev.               
       (Wilkes Univ. Project)  5.000 %  3/1/37      3,000  2,504 
   Wyoming PA Area School Dist.  5.000 %  9/1/26  (14 )  2,000  2,037 
   Wyoming PA Area School Dist.  5.000 %  9/1/29  (14 )  5,125  5,153 
   York County PA  5.000 %  6/1/33  (14 )  6,000  6,096 
   York County PA Solid Waste & Refuse               
       Auth. Rev.  5.500 %  12/1/13  (14 )  6,750  7,635 
   York County PA Solid Waste & Refuse               
       Auth. Rev.  5.500 %  12/1/14  (14 )  4,050  4,621 
              2,603,140 
Puerto Rico (3.8%)               
   Puerto Rico Electric Power Auth. Rev.  5.500 %  7/1/20      5,300  5,562 
   Puerto Rico Electric Power Auth. Rev.  5.250 %  7/1/21  (14 )  5,000  5,155 


   Puerto Rico GO  5.500 %  7/1/18  (14 )  10,000  10,320 
   Puerto Rico GO  5.500 %  7/1/20  (3 )  6,000  6,093 
   Puerto Rico GO  5.500 %  7/1/22  (3 )  8,960  9,050 
   Puerto Rico Highway & Transp. Auth.               
       Rev.  5.500 %  7/1/19  (14 )  17,000  17,257 
   Puerto Rico Highway & Transp. Auth.               
       Rev.  5.500 %  7/1/20  (14 )  14,610  14,716 
   Puerto Rico Infrastructure Financing               
       Auth. Special Tax Rev.  5.500 %  7/1/23  (2 )  10,000  9,847 
   Puerto Rico Infrastructure Financing               
       Auth. Special Tax Rev.  0.000 %  7/1/30  (3 )  14,905  3,196 
   Puerto Rico Infrastructure Financing               
       Auth. Special Tax Rev.  0.000 %  7/1/31  (3 )  28,695  5,675 
   Puerto Rico Public Buildings Auth. Govt.               
       Fac. Rev.  5.750 %  7/1/22      4,990  4,936 
   Puerto Rico Public Buildings Auth. Govt.               
       Fac. Rev.  5.750 %  7/1/22  (ETM)   10  12 
   Puerto Rico Public Finance Corp.  6.000 %  8/1/26  (ETM)   10,875  13,243 
              105,062 
Virgin Islands (0.2%)               
   Virgin Islands Public Finance Auth. Rev.  5.000 %   10/1/12      2,000  2,040 
   Virgin Islands Public Finance Auth. Rev.  5.250 %   10/1/20      1,750  1,734 
              3,774 
Total Investments (98.8%) (Cost $2,686,982)           2,711,976 
Other Assets and Liabilities-Net (1.2%)              33,323 
Net Assets (100%)              2,745,299 

1      Securities with a value of $1,600,000 have been segregated as initial margin for open futures contracts.

Pennsylvania Long-Term Tax-Exempt Fund

Key to Abbreviations

ARS - Auction Rate Security. BAN - Bond Anticipation Note. COP - Certificate of Participation. CP - Commercial Paper.

FR - Floating Rate.

GAN - Grant Anticipation Note. GO - General Obligation Bond.

IDA - Industrial Development Authority Bond. IDR - Industrial Development Revenue Bond. PCR - Pollution Control Revenue Bond.

PUT - Put Option Obligation.

RAN - Revenue Anticipation Note. TAN - Tax Anticipation Note.

TOB - Tender Option Bond.

TRAN - Tax Revenue Anticipation Note. UFSD - Union Free School District. USD - United School District.

VRDO - Variable Rate Demand Obligation. (ETM) - Escrowed to Maturity.

(Prere.) - Prerefunded.

Scheduled principal and interest payments are guaranteed by:

(1) MBIA (Municipal Bond Investors Assurance). (2) AMBAC (Ambac Assurance Corporation).

(3) FGIC (Financial Guaranty Insurance Company).

(4)      FSA (Financial Security Assurance).
(5)      BIGI (Bond Investors Guaranty Insurance).
(6)      Connie Lee Inc.
(7)      FHA (Federal Housing Authority).
(8)      CapMAC (Capital Markets Assurance Corporation).
(9)      American Capital Access Financial Guaranty Corporation.
(10)      XL Capital Assurance Inc.
(11)      CIFG (CDC IXIS Financial Guaranty).
(12)      Assured Guaranty Corp.
(13)      Berkshire Hathaway Assurance Corp.
(14)      National Public Finance Guarantee Corp.

The insurance does not guarantee the market value of the municipal bonds.


Pennsylvania Long-Term Tax-Exempt Fund

LOC - Scheduled principal and interest payments are guaranteed by bank letter of credit.

Security Valuation: Bonds, and temporary cash investments acquired over 60 days to maturity, 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. Other temporary cash investments are valued at amortized cost, which approximates market value. 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 board of trustees to represent fair value.

At August 31, 2009, the cost of investment securities for tax purposes was $2,688,516,000. Net unrealized appreciation of investment securities for tax purposes was $23,460,000, consisting of unrealized gains of $87,093,000 on securities that had risen in value since their purchase and $63,633,000 in unrealized losses on securities that had fallen in value since their purchase.

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.

Futures contracts are valued based upon their quoted daily settlement prices. The aggregate principal amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Schedule of Investments as an asset (liability).

At August 31, 2009, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

          ($ 000 ) 
 
    Number of       Unrealized  
    Long (Short   Aggregate    Appreciation  
Futures Contracts  Expiration  Contracts)   Settlement Value    (Depreciation)  
30-Year U.S. Treasury Bond  December 2009  (336 )  40,236    (172 ) 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.


Pennsylvania Long-Term Tax-Exempt Fund

Various inputs may be used to determine the value of the fund's investments. 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).

The following table summarizes the fund's investments as of August 31, 2009, based on the inputs used to value them:

    Level 1     Level 2     Level 3  
Investments  ($ 000 )  ($ 000 )  ($ 000 ) 
Tax-Exempt Municipal Bonds    —     2,711,976     —  
Futures Contracts—Liabilities1    (196 )    —     —  
Total    (196 )    2,711,976     —  
1 Represents variation margin on the last day of the reporting period.              


Item 2: Controls and Procedures

(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.
(b)      Internal Control Over Financial Reporting. During the last fiscal quarter, there was no significant change in the Registrant’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3: Exhibits   
                   (a) Certifications   
 
                   VANGUARD PENNSYLVANIA TAX-FREE FUNDS
By:  /s/ F. WILLIAM MCNABB III* 
  F. WILLIAM MCNABB III 
  CHIEF EXECUTIVE OFFICER 
Date: October 22, 2009  
 
  VANGUARD PENNSYLVANIA TAX-FREE FUNDS
By:  /s/ F. WILLIAM MCNABB III* 
  F. WILLIAM MCNABB III 
  CHIEF EXECUTIVE OFFICER 
Date: October 22, 2009  
 
                   VANGUARD PENNSYLVANIA TAX-FREE FUNDS
By:  /s/ THOMAS J. HIGGINS* 
  THOMAS J. HIGGINS 
  CHIEF FINANCIAL OFFICER 
Date: October 22, 2009  

*By: /s/ Heidi Stam

Heidi Stam, pursuant to a Power of Attorney filed on July 24, 2009, see File Number 2-88373, and a Power of Attorney filed on October 16, 2009, see File Number 2-52698, both Incorporated by Reference.